Net Proceeds Formula: Sale Price minus Mortgage Payoff minus All Closing Costs minus Agent Commissions equals Your Net at Closing.

On a $560,000 home with a $200,000 remaining mortgage balance and 6% total commission plus closing costs of approximately 3%: gross proceeds = $560,000; less mortgage = $360,000; less 9% total closing costs = approximately $309,600 in net proceeds. Always run an actual net sheet with your agent before committing to a price strategy.

Post-NAR Settlement Commission Changes

Since the NAR settlement took effect in August 2024, buyer's agent compensation is no longer published on the MLS. Sellers may still choose to offer a buyer's agent concession (which can make their listing more attractive to buyers who cannot afford to pay their own agent out of pocket), but this is now negotiated in the purchase agreement rather than published in the listing. Discuss with your agent how to structure this in your specific market context.