Free Net Proceeds Calculator | What You'll Actually Walk Away With
Free net proceeds calculator for families selling a parent's home. See what is left after commission, repairs, closing costs, carrying costs and the mortgage payoff, for four ways to sell. Estimates, not advice. No email required.
Common questions
Frequently Asked Questions
How do you calculate net proceeds from a home sale?
Net proceeds equal the sale price minus: agent commission (typically 5% to 6%), seller-paid closing costs (1% to 3%), repair credits to the buyer, mortgage and lien payoffs, prorated property taxes, transfer taxes, capital gains tax (if applicable), and any seller concessions. On a $400,000 sale, a 6% commission is $24,000 and closing costs at 1.5% are another $6,000, so the number the family keeps is already $30,000 below the sale price before any repairs or payoffs.
Do I owe capital gains tax when I sell my parent's house?
It depends on whether they sold it during their lifetime or you inherited it. If your parent sold while alive and lived in the home 2 of the last 5 years, they get a $250,000 exclusion ($500,000 if married). If you inherited the home, you get a stepped-up cost basis (the value at the date of death), which usually eliminates most or all capital gains. Talk to a CPA before listing.
Should I sell my parent's house before or after they move to assisted living?
Usually after, for two reasons. First, the home sale exclusion applies if the seller lived there 2 of the last 5 years, so selling too long after they move to assisted living can disqualify it. Second, selling after the move means you can stage the home empty and price it for the actual condition, not 'lived in.' Run both scenarios through this calculator with your specific timing.
How accurate is this net proceeds calculator?
It is an estimate, not a closing statement. It covers the standard line items: commission, seller-paid closing costs, repairs, carrying costs while the house is on the market, and the mortgage payoff. The figures that move the most are the repair credits, which are negotiated between buyer and seller, the commission rate, which is set in the listing agreement, and any title, lien or HOA issue that surfaces late. The binding number is the seller's estimated settlement statement, prepared by the closing attorney or title company before closing. Ask for it in writing as soon as there is a contract.
Who built this net proceeds calculator?
Ryan Riggins, a licensed North Carolina real estate broker and senior transition advisor at Riggins Strategic Solutions. The calculator uses the standard line items that come out of a home sale: commission, seller-paid closing costs, repairs, carrying costs while the house is on the market, and the mortgage payoff. Ryan never buys houses and never bids on them. If a family decides to sell, he refers one vetted local agent.
Topic cluster · Selling a parent's home
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Need help interpreting your results?
Numbers on a page don't decide anything. A 20-minute call will. Walk through what you just saw with Ryan Riggins, Senior Transition Advisor for the family home. No sales pressure. Ryan is a licensed NC broker (#361546, eXp Realty) but does not work as a traditional listing agent.
Not comfortable with a call? Just want to shoot me an email? Reach me at ryan@rigginsstrategicsolutions.com