Your net proceeds is the amount you take away after all other deductions are accounted for in the cash offer. This value will be calculated through the escrow company that handles the transfer of ownership.
Typically, the deductions are leftover mortgage, liens, and property taxes. These will be reduced from the purchase price (cash offer), and the leftover amount is the net proceeds. You won’t need to take into account closing costs, since we take care of that.
These details will be included in the settlement statement, which the escrow company provides. Reviewing this form is crucial to help you calculate the net proceeds before closing.
Recent Posts
