Answers by Miss Jamie Zapata, Broker

Online websites use an algorithm. A real estate professional can provide a full market analysis based on similar homes which have sold in your area. Contact a pro in your area for the best advice. Good luck!

A real estate professional can provide you with an estimated profit sheet based on your specific situation at closing. It will include a full break down of all fees associated with selling your home using a broker. Things to consider are an existing mortgage payoff, property taxes, title policy for the next owner, escrow fees, broker compensation, home warranty, and any other miscellaneous items prior to closing. Your property taxes are prorated from January 1st until the day of closing between you and the next owner. Capital gains taxes depend on whether it's your primary residence and the total profit at closing. In most cases you may not owe any capital gains tax, but you may need advice from a tax professional. I'm a real estate broker located in San Antonio Texas if you have further questions. Good luck and happy selling.