Things a real estate agent and lender want to say to buyers and borrowers . . .
If you're a real estate agent, you know how important it is to estimate the seller closing costs. And if you're a home seller, you want a good estimate of how much you will net if you accept an offer to purchase your home.
Closing cost calculations can get confusing with commission percentages
and other closing costs. This seller calculator will not only
estimate the seller's closing costs, but also "work backward"
from a desired net. For example, let's say you desire a net
amount of $100,000 at closing, and you're paying 6% of the sales
price toward the buyer's closing costs and a real estate commission of 6%.
Working backward can be difficult and confusing.
To arrive at the net to seller, simply enter the selling costs in column (A) and the costs will total as expected, then enter the desired Net To Seller in column (B) box. All the costs will recalculate to achieve the seller's desired net proceeds. Each state has typical closing costs that the home seller pays. Seek out a real estate agent for the customary costs in your state.
Agents - click on the Print Option button on column one or two, then click on the Print Screen link to print the estimate. This calculator will make it much easier explaining the closing costs to the seller and negotiating with the listing agent . . . and you can do it online and over the phone!
Seller Closing Cost Calculators
Pennsylvania Cost Calculator