Understanding Closing Costs and Net Proceeds When Selling Your Prosper Home

By Nitin Gupta, Broker Associate – Competitive Edge Realty

One of the most common — and important — questions Prosper sellers ask me is:“How much will I actually walk away with after selling my home?”

It’s critical to understand your closing costs and how they affect your net proceeds so you can plan your next move with confidence.

Let’s break it all down.

What Are Typical Seller Closing Costs in Prosper?

Seller closing costs generally include:

Real estate commission (typically 5%–6% of the sale price)
Title insurance (paid by the seller in Texas)
Property taxes (prorated)
HOA fees and transfer costs
Attorney or escrow fees
Potential buyer concessions (closing cost contributions)

Estimated Closing Costs Example

Item	Estimated Cost
Real Estate Commission	5%–6% of sale price
Title Insurance	0.5%–0.8% of sale price
HOA Transfer Fees	$250–$500
Escrow/Attorney Fees	$500–$1,200
Prorated Property Taxes	Varies by closing date

On a $900,000 Prosper home sale, total closing costs could range between $50,000 and $58,000.

Real Estate Commission: Where It Goes

Typically:

50% to the listing agent
50% to the buyer’s agent

This fee covers:

Marketing expenses (photos, videos, advertising)
Negotiation expertise
Managing the transaction through closing

Fact:

"Homes listed with professional Realtors sell for an average of 17% more than FSBO listings."Source: NAR 2025 Home Seller Study

How to Calculate Your Net Proceeds

Formula:Sale Price – (Closing Costs + Remaining Mortgage Balance) = Net Proceeds

Example:

Sale Price: $900,000
Mortgage Balance: $400,000
Closing Costs: $53,000
Net Proceeds: $447,000

How to Maximize Your Net Proceeds

Price strategically to spark strong offers
Invest in professional marketing to attract premium buyers
Minimize concessions by prepping the home to perfection before listing

The better your home looks and the better it's priced, the more leverage you have.

Final Thoughts: Know Before You Sell

Understanding your closing costs and net proceeds helps you plan smarter, move faster, and maximize your financial outcome.

Want a custom net sheet for your Prosper home? Let’s connect and crunch the numbers.

Contact Nitin Gupta Todayhttps://nitinguptadfw.com/contact

Please call us at 469-269-6541 for more details about the home selling process in Prosper today.

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If you’re ready to embark on your home sale journey with confidence after reading our home sale tips, we are here to assist you every step of the way. Selling your home is a significant decision, and we are committed to making the process as smooth and successful as possible.

Based on our years of experience in the Prosper real estate market, we know the Prosper real estate market and can give you expert advice for your individual situation. We will sit down with you for a free one-on-one consultation, and deliver a comprehensive data profile of your local area & property.

Contact us today to discuss your home sale needs and receive personalized guidance, as recommended in this home