What is a good "Rule of Thumb" for the % difference between Sale Price and Net to Seller in Contra Costa County Calif?

Asked by BLockridge, Brentwood, CA Sat Oct 19, 2013

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6
Edith Karoli…, Agent, Winnetka, IL
Sun Oct 20, 2013
The net to seller, is different for each and every property, and depends on sale price, less commissions and closing costs, and pay off to the bank on loan amount still owed on the property. So there is no
fixed %...

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0 votes
Randall Ortiz, Agent, Sacramento, CA
Sun Oct 20, 2013
The equity the seller has in the home will play a huge role in those figures. There can be a seller that has the house completely paid off, or a seller who doesn't have much equity at all. Each situation will be unique.
0 votes
The Medford…, Agent, Fremont, CA
Sun Oct 20, 2013
There is no rule of thumb... How much do you owe on the property vs all the other homes for sale? How much is the commission? Will you need to do any improvements to sell? There are too many variables.

Have your Realtor do a CMA (Comparative Market Analysis) to determine potential selling value then factor that number into a Net Sheet which will have all of your projected closing costs. Projected sales price minus all closing costs = Net to Seller.
0 votes
Lance King, Agent, San Francisco, CA
Sat Oct 19, 2013
As pointed out below, there is no rule of thumb. What you can do to figure out costs is call an escrow officer at a local title company and he/she can give you an estimate based on your sales price. Keep in mind that taxes get pro-rated, so your costs will vary depending on the time of year.
0 votes
Pacita Dimac…, Agent, Oakland, CA
Sat Oct 19, 2013
There's no rule of thumb to speak of.

Depends on what is the pricing strategy you used --- over price, under price, or at market value?

How much does seller still owe? Because his net will depend on how much of the proceeds is paid towards loan balance.

If you want a general view of the market, take a look at DQ News
http://dqnews.com/Charts/Monthly-Charts/SF-Chronicle-Charts/…
0 votes
, ,
Sat Oct 19, 2013
Well that all depends on what you have signed with your real estate agent. What ever percentage they get is the % you don't get.

Alex Greer
Loan Officer
NMLS #1056079
http://www.TheMortgageOutlet.com

408-352-5147
AGreer@TheMortgageOutlet.com
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