Resale Proceeds

Amount a former owner receives upon a sale after paying Transaction Costs, remaining debt, and, sometimes, income taxes; same as proceeds from resale.

The amount a former owner receives upon a sale after paying Transaction Costs remaining debt, and, sometimes, income taxes. Same as Proceeds from Resale.
Example: Table 47.

Table 47 Resale Proceeds

Selling price $100,000

Less: Commissions $5,000

Closing costs 1,000

Unpaid mortgage 60,000

Capital gains tax 14,000 - 80,000

______ ________

Resale proceeds $20,000