The Foothills Collective

What you'd actually walk away with

A seller's net sheet: sale price, minus what you owe, minus the cost of selling — and then whether any of the gain is taxable once the home-sale exclusion is applied.

The sale
Cost of selling
Capital gains

Bottom line

$0
Cash at closing, after setting aside the estimated tax.

Net sheet

Sale price$0
Commission$0
Escrow, title & recording$0
Transfer taxes$0
Repairs & credits$0
Warranty, docs, other$0
Mortgage payoff$0
Cash at closing$0

Capital gains

Amount realized$0
Adjusted cost basis$0
Gain on sale$0
Home-sale exclusion$0
Taxable gain$0
Federal capital gains tax$0
Net investment income tax$0
California income tax$0
Estimated tax owed$0
Get a net sheet built on your actual numbers

Estimate only, and not tax advice. The $250,000 single / $500,000 married-filing-jointly exclusion under IRC §121 generally requires that you owned and lived in the home as your main residence for at least two of the five years before the sale, and that you haven't used the exclusion on another home in the prior two years. Partial exclusions may apply for job changes, health, or other unforeseen circumstances. Depreciation from any rental period is recaptured separately and isn't modeled here. County transfer tax is auto-calculated at the Los Angeles County rate of $1.10 per $1,000 of sale price; other counties and some cities differ. Commission is negotiable and not set by law. Confirm everything with your CPA before you make a decision. The Foothills Collective, brokered by eXp Realty — DRE# 02118479.