Resale Proceeds


Definition of "Resale proceeds"

Harriett Love
  Carrington Real Estate Service

Net amount received when property is sold. It equals the selling price less
outstanding mortgage balance less all costs incurred in connection with the sale. These expenditures
include brokerage commission, bank fees, and advertisements.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Mixed Agency

Agency that sells insurance policies from both a stock insurance company and a mutual insurance comp ...

After-completion Costs

Expenditures incurred subsequent to the building of a structure. ...

Morticians Professional Liability Insurance

Coverage for malpractice suits resulting from professional acts and/or omissions of morticians. ...

Conversion Factor For Employee Contributions

Inverse of the actuarial present value of a life annuity, taking the employee's life expectancy into ...

Foreign Insurer

Insurance company whose domicile is in a state other than the one in which the company is writing bu ...

Employing Broker

That licensed broker who employs a licensed real estate salesperson for renting and selling real est ...

Related Real Estate FAQ

What Is A Quit Claim Deed?

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clea ...

What Is The Tax Benefits Of Buying A Home?

RealEstateAgent.com calculator estimates the tax benefit of buying a home. Input your loan parameter ...

What Is A Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is An Appraised Value?

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the ...

What Is A Buydown?

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate be ...

How Much Will My Principal Be?

This calculator figures your principal balance after any number of payments. Input the beginning pri ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Build or Buy? That’s the Big Question What is the Best Time of Year to Buy a Home? 3 tips to ensure your sale goes through Should you Buy a Home with Cash? 7 Tips for a First Time Homebuyer

FAQ

What is a CD? What are the Benefits of Liability Insurance? How much Life Insurance do I need? What is a mortgagor? What is a loan-to-value (LTD) ratio?