The sales price is composed of actual contract sales amount plus sales commission paid to a realtor plus any expenses for preparing the property for selling plus any other expenses incurred during the sales closing ( transfer tax , allocated property tax share, etc. etc. ). The mortgage balance is NOT included in the computation. Please go through your closing statement ( or HUD-1 form ) -- this will call out all the expenses / commissions etc., except those that you paid for directly prior to closing such preparing the home for sale ( cleaning / maintenance/repair/ repainting etc. etc. ).
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