{"id":5641,"date":"2024-08-30T04:00:41","date_gmt":"2024-08-30T11:00:41","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=5641"},"modified":"2025-05-29T08:33:09","modified_gmt":"2025-05-29T15:33:09","slug":"proceeds-from-sale-of-home","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/proceeds-from-sale-of-home\/","title":{"rendered":"Invest, Save, or Spend: Put Your Home Sale Proceeds Toward a Better Financial Future"},"content":{"rendered":"

The proceeds from the sale of your home<\/a> might be the biggest lump sum dropped into your bank account at any one time. And when you sell your home while the market\u2019s on an upswing, you stand to see a nice windfall come your way.<\/p>\n

If the prospect of this instant cash infusion both excites and terrifies you, well, it should.<\/p>\n

Remember your first home payment? You wondered if you\u2019d ever make a dent in the principal, let alone benefit financially from this scam called a mortgage.<\/p>\n

And now, look how far you\u2019ve come. Too far to gamble your profits on risky investments, go on a reckless spending spree, or worst of all\u2026do nothing.<\/em><\/p>\n\n\n\n\n\n

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Investing in Real Estate? Consult With a Top Agent<\/h3>\n

Hire an investor-friendly real estate agent who can help you get access to off-market properties at a discount and assess potential rental income based on market trends. HomeLight can connect you with investment property specialists at no cost.<\/p>\n \n

\n Get Started<\/a>\n <\/div>\n <\/div>\n<\/div>\n\n\n

According to expert financial advisors and real estate agents who walk sellers through this transition every day, a successful home sale offers homeowners a tremendous opportunity to secure their financial future and make that money work for them. Here are the smartest solutions to keep your feet on the ground as you rake in the rewards of being a diligent homeowner.

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How much money will you make? Calculating your home sale proceeds<\/h2>\n

When you put your home on the market, it\u2019s nice to know how much you\u2019ll make on the sale when the dust finally settles.<\/p>\n

You\u2019ll get an estimation from the seller\u2019s net sheet, an organizational worksheet <\/a>that your agent will fill out to show you how much you\u2019ll pocket from your home sale after factoring in expenses like taxes on gains from selling a house<\/a>, your real estate agent\u2019s commission<\/a>, your remaining mortgage, and escrow fees<\/a>.<\/p>\n

Then, near the end of your transaction, a seller\u2019s closing statement will give you the final number.<\/p>\n

But with some simple math at the outset, you can get a ballpark amount in mind and plan accordingly.<\/p>\n

Here\u2019s how to determine the proceeds from the sale of your home:<\/p>\n