Proceeds vs Profit: How Much Will I Make Selling My House?

The famously hot real estate market that dominated from 2020-2022 saw its end with the rise of mortgage interest rates and other economic uncertainty in the second half of 2022. Yet according to top real estate agents surveyed by HomeLight about the 2023 market, both buyers and sellers have been pulling back. This help explain why, despite reduced new and existing home sales, homes have retained much of their increased value since 2020. This has homeowners asking the question: Is this a good time to sell my home?

If a homeowner determines that this is the time to move, questions arise:

  • How much will I make on my house?
  • What is my home worth?
  • What will my net profit be?

First, it’s important to know the current value of your home. A good place to start is by using an online home value estimator. HomeLight’s free home value estimator can give you a ballpark idea of your home’s worth.

Find the Best Real Estate Agents Near You

It takes just two minutes to match you with the best real estate agents near your home. To connect with a top-performing agent, simply tell us a little bit about your property and how soon you’re looking to sell.

Find an Agent

Next, we did some research and spoke with Jesse Allen, a top agent who sells over 56% more quickly than the average Jeffersonville, Indiana, agent, in order to break down how to calculate how much money you might walk away with after selling your home.



from HomeLight Blog https://www.homelight.com/blog/how-much-will-i-make-selling-my-house/

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