What Are Net Proceeds?

What Are Net Proceeds?

  • Jeff Reynolds
  • 10/7/10

I’m sure you have heard the term “Net Proceeds” thrown around quite a bit. It is the same thing as a “sellers net” or “sellers cash at close” The definition of net proceeds is:

"The amount of money received from a sale, after subtracting transaction costs."

The obvious reason why this is important to a seller is that it helps them understand what they will receive at the closing table, or after the sale. This number is crucial to understand both in up and down markets. This may seem like simple math, but the best way I explain the way to calculate your proceeds is by taking 8% off the final sale price of your home. I prepared an example below so that you can understand how it works.

As always, if you ever have any questions, feel free to contact us. If you ever want us to walk you through your “net proceeds” for your home or don’t be afraid to ask.

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Jeff Reynolds is a distinguished real estate broker affiliated with Compass Seattle and the visionary behind UrbanCondoSpaces, the premier condo team specializing in Kirkland, Bellevue, and Seattle. UrbanCondoSpaces (UCS) is not just a team; it's a specialized blog dedicated to the intricacies of urban living. With over 18 years of expertise navigating the condo markets in Seattle, Kirkland, and Bellevue, Jeff has successfully guided numerous individuals through condo transactions. His unparalleled knowledge and unwavering commitment to clients position him as the go-to expert for condo transactions. Whether you are considering a stylish condo in Bellevue or looking to sell in Kirkland or Seattle, connect with Jeff Reynolds to ensure optimal results for your real estate endeavors.

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