1. Deduct your mortgage payoff from your houses fair market value
2. Deduct your cost to sell from the remainder to get an estimate of the proceeds you will
be paid at closing.
Will your closing proceeds cover your costs to acquire a new home? If not, do you have cash or funding in place to make up the difference? In many instances, sellers leave out costs that affect their net return. A licensed Washington real estate agent will be able to help you determine these estimates. You also will be provided an estimate by your escrow agent before your transaction closes.
