The main costs associated with selling a home include home preparation costs, marketing costs, agent commissions, closing costs, and moving costs. Most other fees, such as seller concessions and home warranties, are negotiable and generally not required in a seller’s market. These expenses may be more necessary if the market favors buyers.

To find the net proceeds on your home sale, add the price you paid, the mortgage balance paid, and all the home selling costs. Whatever the difference is between that total and your sale price is your actual profit on the home.

When selling a house, you’re responsible for the property taxes up to the time you close on the sale. You won’t have to pay any capital gains tax if the property has been your primary residence for the last two years and you made less than $250,000 profit (or $500,000 if you file jointly). You might have to pay capital gains tax if the house is an investment property.