Net proceeds from a Lawton home sale, explained simply
What 'net proceeds' really means, which costs come out of your sale price, and why comparing net, not gross, changes the cash versus listing decision.
Related video: Know your net proceeds before you sign
Net proceeds are what's left of your sale price after the mortgage payoff, closing costs, and any liens are paid. It's the number that actually lands in your account, and it's the only number you should plan your move around.
The subtraction list starts with your lender's payoff quote, which is your current balance plus accrued interest, not the balance on your last statement. From there come title and settlement fees, prorated property taxes, recording costs, and any agreed concessions.
A listing piles on more: the listing commission and typically some prep spend on repairs, staging, or a pre-listing inspection, plus carrying costs like mortgage, insurance, and utilities for every month the home waits for its buyer.
That's why a lower cash offer can beat a higher listing in your pocket. Sell in three weeks with no repairs and no carrying costs, and a modest cash figure can net more than a bigger contract price that took four months and a repair budget to reach.
Travis builds every comparison as net proceeds on both paths. When you request it, he personally reaches out within 24 hours to talk through your home, asks what you owe so the math reflects your payoff, not a generic estimate, and you get two honest take-home numbers.
Your next step
Get these numbers for your own home.
Travis will personally reach out within 24 hours to talk through your home and next steps, then prepares your cash-offer versus listing comparison, with no obligation to accept anything.
Quick answers from this post
How do I find my exact payoff?
Call your lender and ask for a payoff statement dated for the proposed closing date. It includes daily interest, so it's the only accurate number to compare offers against.
What are the biggest costs that surprise sellers?
Prorated taxes, HOA payouts, old liens, and deferred repairs found by the buyer's inspection. Travis itemizes them up front so surprises stay out of your closing.