1. What is the Home Sale Purchase Price?

The Home Sale Purchase Price represents the net amount a seller receives after accounting for commissions paid to real estate agents and repair costs required before the sale. It's the actual amount that goes to the seller after all selling expenses.

2. How Does the Calculator Work?

The calculator uses the following equation:

Where:

• Market Value — The estimated current value of the property on the open market
• Commissions — Fees paid to real estate agents (typically 5-6% of market value)
• Repairs — Costs for necessary repairs or improvements before sale

Explanation: This calculation helps sellers understand their net proceeds from a home sale after accounting for major expenses.

3. Importance of Accurate Calculation

Details: Understanding your net sale price is crucial for financial planning, determining if you can afford your next home, and negotiating with buyers.

4. Using the Calculator

Tips: Enter the estimated market value of your home, expected commission costs, and estimated repair costs. All values must be in USD and non-negative.

5. Frequently Asked Questions (FAQ)

Q1: How is market value determined?
A: Market value is typically determined by comparable sales in your area, professional appraisals, or real estate agent estimates.

Q2: What's included in repair costs?
A: Repair costs include any necessary fixes to make the home marketable, from minor cosmetic updates to major structural repairs.

Q3: Are there other costs not included here?
A: Yes, this calculator focuses on major costs. Other potential costs include closing costs, staging, moving expenses, and capital gains taxes.

Q4: How accurate is this calculation?
A: This provides a basic estimate. Actual sale proceeds may vary based on final negotiated price, exact commission rates, and actual repair costs.

Q5: Can I use this for FSBO (For Sale By Owner)?
A: Yes, for FSBO you would typically have lower or no commission costs, but may have other marketing expenses.