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    How Much Money Will I Make When I Sell My Home?

    One of the first things you may ask as a homeowner who is thinking about selling is “how much is my home worth?” because...

    • Stewart Woodward
    • October 5th, 2020
    • 3 min read

    One of the first things you may ask as a homeowner who is thinking about selling is “how much is my home worth?” because ultimately, you want to know how much money you’ll be taking home when you get to the closing table. 

    Home value estimates are a good place to start, but a comparative market analysis will only go so far (and won’t tell you how much money you will actually walk away with). 

    As you consider selling your home, be sure to ask your real estate agent to take a deeper look than simply calculating your home's value. You'll want to determine the cash value of your home which will get you closer to knowing how much you'll walk away with when your home sells. There are a number of factors that go into this, however, it is determined in part by the remainder of your current home's mortgage and your home's listing price. 

    We'll take a close look at market activity, how much money you still owe on your mortgage, and your taxes to determine the cash value. In other words, this is a more accurate estimate of how much money you will actually make on your home sale.

    Another factor that most homeowners typically don’t consider when calculating their profit is closing costs. Closing costs are all of the fees and expenses that come with selling your home. These costs are typically around 6-10% of your sale price and can include the following:

    • Commission: A fee you pay to your Realtor for their services
    • Transfer taxes: The tax that is paid when the title of a property is transferred to someone else
    • Loan payoff costs: The amount you have to pay to satisfy your current mortgage loan
    • Title insurance fees: This is the cost of the homeowner’s policy which is protected until your loan is paid off or refinanced
    • Attorney fees: These are the fees paid to your attorney during the sale or purchase of a home which often protects you and helps you make decisions and resolve issues during the transaction

    If you decided to put some money into your home before listing it to increase its value, this cost might indirectly affect how much money you take home. Projects like updating your kitchen or bathrooms, painting the walls, or getting your AC replaced will likely have a positive impact on how much your home is worth but won't be included in an online home value estimate calculation.

    As you can see, there are a lot of different factors that go into the profit of a home sale, so while knowing the estimated value of your home is important, your bottom line includes a lot of variables. If you're like us, before making a big financial decision, you want to understand all of the numbers specific to your situation. We know selling your home comes with a lot of questions and we're here to help.

    Schedule a call

    Let’s talk about how much money you could ACTUALLY get from your home sale.

    Let's Talk

    Want to do the math yourself?

    We’ll send you a free value estimate of your home which is a good place to start.

    Start Here

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    About the author

    Stewart Woodward

    781-647-1552
    I believe real estate is about more than just transactions—it's about helping people find their place in the world while building community. After 40+ years as an entrepreneur, including running a successful commercial photography business based in Waltham for two decades, I've brought my eye for detail and passion for service to the real estate industry. My background in visual arts gives me a unique perspective on showcasing properties, while my experience as a business owner taught me the value of meticulous precision and unwavering client advocacy. With my Metro West Home Team brand, I provide personalized, one-on-one service to every client. My approach combines savvy negotiation skills with local knowledge and a customer-first philosophy. My track record speaks for itself—in recent years, my seller clients' properties have sold for an average of 98.58% of original listing price, typically with offers accepted within 12 days. But what truly matters to me is guiding clients through what can often be an overwhelming process with flexibility, creativity, and personal warmth. Before joining REAL Broker, I managed my own boutique real estate brokerage, Central Square Realty Group, in downtown Waltham for four years. This entrepreneurial experience deepened my understanding of the local market and allowed me to develop a hands-on approach to real estate that continues to benefit my clients today. I'm proud to now be part of REAL Broker, a publicly-traded, technology-powered brokerage operating throughout the U.S. and Canada. Their innovative platform and agent-centric approach perfectly align with my commitment to excellent client service and their motto: "Work Hard, Be Kind." I'm a licensed Real Estate Broker in Massachusetts, a member of both the Massachusetts and National Associations of Realtors, and hold Seller Representative Specialist (SRS) and Military Relocation Professional (MRP) certifications. With over 90 clients served and more than $39 million in sales volume over my 12+ years in real estate, I've developed the expertise to handle any situation—but I've never lost sight of the human element that makes this profession so rewarding. Beyond my professional life, I remain deeply connected to my community. I'm active in the Rotary Club, where I served as president and currently serve as treasurer of the Waltham Club. I also participate in the Chambers of Commerce across Waltham, Watertown, and Newton. My civic engagement includes serving as a trustee of historic Gore Place, where I lead the Buildings and Grounds committee and contribute as an active member of the development committee. I'm also proud to serve on the City of Waltham's Affordable Housing committee, working to ensure our community remains accessible for all residents. I believe in giving back to the community that has supported me. Both personally and through my Metro West HOME Team business, I actively support important local non-profits. We've been a Community Partner of Gore Place for many years, helping to preserve this historic landmark through ongoing sponsorship. With my background in the arts, I'm also passionate about supporting local creativity. Each November, my business and I sponsor the Waltham Mills Artist Association's annual open studios event, creating opportunities for visitors to experience art being created firsthand and to connect directly with talented local artists.

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