This tool determines the funds a seller receives from a real estate transaction after all expenses are deducted. For example, if a property sells for $500,000, and there are $30,000 in closing costs, commissions, and other fees, the net proceeds to the seller would be $470,000.
Accurately forecasting these net proceeds is vital for sellers when making informed decisions about pricing, accepting offers, and planning future financial endeavors. Historically, estimating seller proceeds was a manual, time-consuming process prone to error. Now, such calculations provide greater transparency and accuracy, minimizing surprises at closing.