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How
much is my
home worth?
To find out your
current home’s value, contact Long & Foster for a free Market
Value Analysis.
Click
here
How much should
I ask for it?
View the asking price to the final sales price ratio.
Click here |
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How can I determine how much cash I will walk away with from the sale?
That's a good question: in fact, two good questions. During your listing appointment, your agent will help you set
a listing price for the property. Based on that price, your agent will be able to give you an idea of your expected expenses and your estimated proceeds -- or net "walkaway" cash.
Your agent begins with the sale price and then subtracts anticipated costs, such as any mortgage payoff penalty, any discount points -- interest
prepaid to the lender -- which you have agreed to pay, settlement fees, taxes, broker's commission and typically the largest of all, paying off the old mortgage
balance. Your agent then may add in any anticipated prepaid tax reimbursement or escrow reimbursement. The bottom line is your net cash.
Remember this exercise is only a ballpark figure based on estimated costs and sale price. Any changes in the figures will affect the bottom-line on the actual sale.
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