Free Net Proceeds Calculator | What You'll Actually Walk Away With
Free net proceeds calculator for families selling a parent's home. Calculate exactly what you'll walk away with after fees, repairs, payoffs, and taxes. Most families overestimate by $30K to $50K. Get the real math in 5 minutes. No email required.
Common questions
Frequently Asked Questions
How do you calculate net proceeds from a home sale?
Net proceeds equal the sale price minus: agent commission (typically 5-6%), seller-paid closing costs (1-3%), repair credits to the buyer, mortgage and lien payoffs, prorated property taxes, transfer taxes, capital gains tax (if applicable), and any seller concessions. On a $400,000 sale, a family typically nets $320,000 to $360,000, not $400,000.
Do I owe capital gains tax when I sell my parent's house?
It depends on whether they sold it during their lifetime or you inherited it. If your parent sold while alive and lived in the home 2 of the last 5 years, they get a $250,000 exclusion ($500,000 if married). If you inherited the home, you get a stepped-up cost basis (the value at the date of death), which usually eliminates most or all capital gains. Talk to a CPA before listing.
Should I sell my parent's house before or after they move to assisted living?
Usually after, for two reasons. First, the home sale exclusion applies if the seller lived there 2 of the last 5 years, so selling too long after they move to assisted living can disqualify it. Second, selling after the move means you can stage the home empty and price it for the actual condition, not 'lived in.' Run both scenarios through this calculator with your specific timing.
How accurate is this net proceeds calculator?
It's accurate to within 2-3% for a standard residential sale. The biggest variables are repair credits (negotiated buyer-seller), the agent commission split, and any title or HOA issues that surface late. This calculator catches all the standard line items so families aren't shocked at closing.
Who built this net proceeds calculator?
Ryan Riggins built this tool based on 8+ years of buying and selling homes (he was a house flipper before he was a senior transition advisor) plus several years of helping families through the senior home sale process. Ryan is a licensed NC broker who walked away from the cash-buyer side after seeing how often families left $50K on the table.
Topic cluster · Selling a parent's home
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Need help interpreting your results?
Numbers on a page don't decide anything. A 20-minute call will. Walk through what you just saw with Ryan Riggins, Senior Transition Advisor. No sales pressure. Ryan is licensed (Riggins Strategic Solutions, LLC) but does not work as a traditional listing agent.
Not comfortable with a call? Just want to shoot me an email? Reach me at ryan@rigginsstrategicsolutions.com