|
|
|
Home Sale Profit Calculator
The Home Sale Profit Calculator is the Ideal
tool for Quickly Determining the Cost of Selling Your Home and For Estimating
Net Home Sale Profits
By Mark J. Donovan
Do you have your home on the market? Have you just received an offer from
a buyer? Do you have a net house sale profit goal in mind. Use my home
sale profit calculator to estimate your net proceeds from the sale of your
home and/or to determine a counter-offer to the buyer.
My real estate property sales calculator will also enable you to quickly assess
the cost of selling your home, including estimating real estate sales
commission fees, real estate profit tax, capital gains tax, and legal
fees.
Your Information Entered : ","
";
echo " " ;
echo " Buyer Offer Price = "; echo money_format('%(#2n', $_POST['Buyer_Offer_Price']),"
";
//echo " "; echo " Buyer Offer Price ($) : " . htmlspecialchars($_POST['Buyer_Offer_Price']),"
";
echo " "; echo " Sales Commission Rate (%) : " . htmlspecialchars($_POST['Sales_Commission_Rate']),"
";
echo " "; echo " Real Estate Transfer Tax Rate (%) : " . htmlspecialchars($_POST['Real_Estate_Xfer_Tax']),"
";
echo " " ;
echo " Estimated Legal Fees = "; echo money_format('%(#2n', $_POST['Est_Legal_Fees']),"
";
//echo " "; echo " Estimated Legal Fees ($) : " . htmlspecialchars($_POST['Est_Legal_Fees']),"
";
echo " " ;
echo " Cost Basis of Home = "; echo money_format('%(#2n', $_POST['Home_Cost_Basis']),"
";
//echo " "; echo " Cost Basis of Home ($) : " . htmlspecialchars($_POST['Home_Cost_Basis']),"
";
echo " "; echo " Estimated Tax Bracket (%) : " . htmlspecialchars($_POST['Tax_Bracket']),"
";
//Calculate Sales Commission, Real Estate Transfer Tax, Legal Fees, and Pre and Post Home Sale Profits
$Sales_Commission = ($_POST['Buyer_Offer_Price']) * ($_POST['Sales_Commission_Rate']/100);
$Real_Estate_Transfer_Tax = ($_POST['Buyer_Offer_Price']) * ($_POST['Real_Estate_Xfer_Tax']/100);
$Real_Estate_Legal_Fees = ($_POST['Est_Legal_Fees']);
$Home_Sale_Profit_Pre_Tax = (($_POST['Buyer_Offer_Price']) - ($Sales_Commission + $Real_Estate_Transfer_Tax + $Real_Estate_Legal_Fees));
$Capital_Gains_Taxes = ($Home_Sale_Profit_Pre_Tax - ($_POST['Home_Cost_Basis'])) * (($_POST['Tax_Bracket'])/100);
if ( $Capital_Gains_Taxes <= 0 ) {
$Home_Sale_Profit_Post_Tax = 0;
$Capital_Gains_Taxes =0;
} else {
$Home_Sale_Profit_Post_Tax = $Home_Sale_Profit_Pre_Tax - $Capital_Gains_Taxes;
}
//Print Pre and Post Home Sale Profits
//echo " "; echo " Home Sale Profit Prior to IRS Tax ($) = " . $Home_Sale_Profit_Pre_Tax,"
";
//echo " "; echo " Home Sale Profit After IRS Tax ($) = " . $Home_Sale_Profit_Post_Tax,"
";
//echo " "; echo " Sales Commission ($) = " . $Sales_Commission,"
";
//echo " "; echo " Real Estate Transfer Taxes ($) = " . $Real_Estate_Transfer_Tax,"
";
//echo " "; echo " Legal Fees ($) = " . $Real_Estate_Legal_Fees,"
";
//echo " "; echo " Capital Gains Taxes ($) = " . $Capital_Gains_Taxes,"
";
echo ("" . " " . " ");
echo ("" . " " . " ");
echo ("" . " " . " ");
echo ("" . " " . " ");
setlocale(LC_MONETARY, 'en_US');
echo " "; echo " Results Based on Your Information : ","
";
echo " " ;
echo " Sales Commission = "; echo money_format('%(#2n', $Sales_Commission),"
";
//echo ("" . " " . " ");
echo " " ;
echo " Real Estate Transfer Taxes = "; echo money_format('%(#2n', $Real_Estate_Transfer_Tax),"
";
//echo ("" . " " . " ");
echo " " ;
echo " Legal Fees = "; echo money_format('%(#2n', $Real_Estate_Legal_Fees),"
";
//echo ("" . " " . " ");
echo " " ;
echo " Home Sale Profit Prior to IRS Tax = "; echo money_format('%(#2n', $Home_Sale_Profit_Pre_Tax),"
";
//echo ("" . " " . " ");
echo " " ;
echo " Capital Gains Taxes = "; echo money_format('%(#2n', $Capital_Gains_Taxes),"
";
//echo ("" . " " . " ");
echo " " ;
echo " Home Sale Profit After IRS Tax = "; echo money_format('%(#2n', $Home_Sale_Profit_Post_Tax),"
";
echo ("" . " " . " ");
echo 'Remodeling Plans for your New Home? Speak to a Local Home Remodeling Contractor Pro! Tell us more about your Home Remodeling Project Plans:
';
echo ("" . " " . " ");
}
?>
|
|
|
|
| |
|
|
Note: Real Estate Transfer tax rates are often split equally
between the buyer and seller. Make sure to only include your (the buyer's)
portion of this tax rate. For example, if the total real estate transfer
tax is 1.5%, often the buyer and the seller each pay 50% of the rate, e.g.
0.75%.
For help on building a room addition, see HomeAdditionPlus.com's
Home
Addition Bid Sheets.
Our
Home
Addition Bid Sheets
provide you with the knowledge and information on how to plan a home addition project,
and what to look for when hiring contractors. They
also include detailed cost breakdown tables and spreadsheets for estimating
your own new home addition building costs.
| |
|
