What would you keep?
Compare a listing with an agent and a cash offer, using your own numbers. A cash offer is below full market value. We say that out loud. In return you skip repairs, commissions, showings, months of waiting and the risk of a deal falling through.
Listing with an agent
| Sale price | $300,000 |
| Commission | -$16,500 |
| Your closing costs | -$6,000 |
| Repairs and cleaning | -$0 |
| Holding costs | -$0 |
| You keep | $277,500 |
|---|
Cash offer from BIMINIO
Type a cash offer amount to compare. No offer yet? Ask for one in writing.
The calculator does arithmetic on your numbers only. The result is an estimate of what you keep. BIMINIO gives no financial or tax advice, so ask a tax adviser how a sale affects your taxes. A BIMINIO offer is a separate document that comes in writing, with the comparable sales we used. The mortgage payoff and liens come off both sides by the same amount. See the questions page for how our offers work, and the seller closing costs guide for each cost line in Florida and Arizona.
Questions and answers
How does the BIMINIO calculator work out what I keep from a listing?
The BIMINIO net proceeds calculator takes your expected sale price, then subtracts the agent commission (a percent of the price), your closing costs (a percent of the price), repairs and cleaning, and monthly holding costs multiplied by the months to close. With its starting numbers, a $300,000 price at 5.5% commission and 2% closing costs leaves $277,500.
Where do the starting numbers in the calculator come from?
The commission and closing cost fields start in the middle of the ranges on the BIMINIO home page, which lists 5 to 6% commission and 1 to 3% closing costs for a listing in Florida and Arizona. These are BIMINIO's own estimates, with no outside source. The price starts at $300,000 and the wait at 3 months. Change every field to your own figures.
Why is the mortgage payoff left out of the calculator?
The same mortgage payoff and the same liens are subtracted from the price in a listing and in a cash sale, so they cannot change which one leaves you more. Leaving them out keeps the comparison simple. In both sales you receive the net shown, less your payoff and liens, at closing.
What counts as a holding cost when I sell a house?
A holding cost is what you pay each month while the house is for sale: mortgage interest, property taxes, insurance, utilities, lawn care and HOA fees. The calculator multiplies your monthly figure by the months you expect a listing to take, so a longer wait lowers the amount you keep from a listing.
How many months should I enter for a listing?
Enter the number of months from today to closing day. The calculator starts at 3 months and multiplies your monthly holding cost by it. The home page comparison lists a typical listing at 60 to 120 days in the current market in Florida and Arizona, so you can try values from 2 to 4 months.
What does the cash offer side of the calculator show?
You type the written cash offer you have, or one you expect, and the calculator shows it as the amount you keep. A BIMINIO cash offer carries no commission and no repairs, and BIMINIO pays the closing costs, so nothing is subtracted from it other than your mortgage payoff and liens.
What if the listing leaves me more than the cash offer?
Then the calculator tells you so, and shows how much more the listing leaves after your months of waiting, showings and repairs. BIMINIO says openly that a cash offer is below full market value. You trade some price for an offer within 24 hours, a closing date you choose, and no repairs.
Is the calculator a BIMINIO cash offer?
No. The calculator only does arithmetic on the numbers you type. A BIMINIO offer for your house starts when you send the form or call, and it comes in writing within 24 hours, with the comparable sales used to work it out and a bank letter that proves the funds.
Get a real number
A written cash offer within 24 hours, with the comparable sales we used attached.