A seller net sheet estimates what you actually walk away with after a sale: the sale price minus your loan payoff, real estate commission, escrow and title costs, transfer taxes and prorations, and any buyer credits. This calculator estimates net proceeds on a Porter Ranch sale. Commission is negotiable and set by agreement; the figures here are illustrative. Confirm with your escrow officer and CPA.
What comes out of a seller's proceeds
From the sale price, a seller typically nets out: the mortgage payoff (your remaining balance plus any per-diem interest), the real estate commission (negotiable, set by agreement), escrow and title charges, county documentary transfer tax (and any city transfer tax), prorated property taxes, and any buyer credits or concessions agreed in the contract.
Estimate your net proceeds
Estimate only. Commission is negotiable and set by agreement. Confirm exact figures with your escrow officer.
Worked example for Porter Ranch
On the Porter Ranch median of $1,173,250, with an illustrative loan payoff of $645,288, a 5% commission ($58,662), and ~1.25% in escrow/title/transfer/prorations ($14,666), estimated net proceeds are about $454,634. Your real number depends on your actual payoff and negotiated terms - the payoff is usually the biggest variable.
Capital gains, briefly
If this is your primary residence, the federal exclusion of $250,000 (single) / $500,000 (married filing jointly) of gain may apply if you qualify (IRS Publication 523). California also has its own real estate withholding (Form 593). Brian is a REALTOR®, not a CPA - confirm the tax picture with a professional.
Frequently Asked Questions
How do I calculate my net proceeds selling a Porter Ranch home?
Start with the sale price, then subtract your mortgage payoff, the negotiated real estate commission, escrow and title costs, county (and any city) transfer tax, prorated property taxes, and any buyer credits. The calculator above estimates it - your escrow officer provides the binding figures.
Is the real estate commission a fixed rate?
No. Commission is fully negotiable and set by agreement between the seller and broker - it is not set by law or any fixed rate. The calculator lets you enter whatever rate you negotiate.
What transfer taxes apply when selling in Porter Ranch?
California's county documentary transfer tax is $1.10 per $1,000 of value (0.11%). Some cities add their own transfer tax, so confirm whether one applies to the specific address.
Will I owe capital gains tax on my home sale?
Possibly. The federal primary-residence exclusion ($250k single / $500k married, if you qualify) may cover much or all of the gain, but amounts above it are taxable, and California has its own withholding. Consult a CPA.
