Frequently asked questions
How do you calculate net proceeds when selling a home in Austin?
Net proceeds are your sale price minus the costs of selling: agent commission, seller closing costs (title, escrow, prorated taxes), any repairs or buyer concessions, and your remaining mortgage payoff. This calculator estimates each and subtracts them from your sale price.
What are typical seller closing costs in Austin in 2026?
Beyond agent commission, Texas sellers typically pay about 1 to 2 percent of the sale price in closing costs. This covers the title policy (required in Texas), escrow and recording fees, and prorated property taxes and HOA dues. The exact figure varies by title company and the time of year you close.
Is the real estate commission negotiable in Austin?
Yes. Since the 2024 NAR settlement, commissions are openly negotiable and buyer-agent compensation is set in a written agreement. The old assumption of 5 to 6 percent total is no longer standard — both sides are separately negotiated.
How accurate is this net proceeds estimate?
It is a close estimate based on the numbers you enter. The main variables are your actual mortgage payoff (which changes daily with accrued interest) and the title company's specific fee schedule. For an exact, line-by-line net sheet using real comps and your specific payoff and taxes, request a personalized net sheet from Grewal RE Group.
What are the seller closing costs in Texas vs other states?
Texas sellers pay for the owner's title policy, which is a standard requirement here and costs roughly 0.5 to 1 percent of the sale price depending on the price tier. Most other states split this cost or have the buyer pay it. This is the main cost that surprises Texas sellers who have previously sold in other states.
What is a seller concession in Austin?
A seller concession is money you agree to pay toward the buyer's costs at closing — such as their closing costs, a rate buydown, or repair credits. Concessions come out of your proceeds at closing the same as commission does. This calculator lets you enter any expected concession or repair amount.
What happens to HOA fees and property taxes when I sell?
At closing, your property taxes are prorated to the day you close, so you pay only for the portion of the year you owned the home. Any HOA dues owed are also collected at closing. These amounts appear on your settlement statement and reduce your net proceeds.
Do I pay capital gains tax when I sell my Austin home?
If you have lived in the home as your primary residence for at least 2 of the last 5 years, you may exclude up to $250,000 in gains ($500,000 for married couples filing jointly) from federal capital gains tax. Texas has no state income tax, so there is no state-level capital gains tax. Consult a tax advisor for your specific situation.
What is the typical Austin seller net proceeds on a $600,000 home?
On a $600,000 sale with a 5.5 percent total commission ($33,000), 1.5 percent closing costs ($9,000), and a $350,000 mortgage payoff, estimated net proceeds would be around $208,000 before any repairs or concessions. The exact figure depends on your payoff amount and title company. Use the calculator above to run your own numbers.
How do I get an exact net sheet for my Austin home sale?
Submit the contact form above. Shivraj will pull your specific property details, run the numbers with your title company's actual fee schedule, and return a line-by-line net sheet. It is free and comes with no obligation.
