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Seller Net Proceeds in Union, Kentucky: Costs and Calculator
Estimate what you would walk away with from a Union sale: mortgage payoff, commission, Kentucky transfer tax, property tax proration and closing costs.
Key takeaways
- Your proceeds are the sale price minus the mortgage payoff, commission, Kentucky transfer tax, prorated property taxes, closing fees and any credits to the buyer.
- Kentucky’s deed transfer tax is $0.50 per $500 of the price: $500 on a $500,000 sale, the current Union resale median.
- Commission is not set by law and is fully negotiable; it is agreed in your listing agreement. Paying anything toward the buyer’s agent is your choice, agreed in writing, and is never offered through the MLS.
- Compare offers on net proceeds, not price: a higher offer with large credits can leave you with less.
- Ask your listing agent for a seller net sheet before you list and with every offer.
Estimate your proceeds
Enter your own numbers below. The transfer tax and property tax proration fill in from the price and closing date. Leave anything you don’t know at zero and your agent can complete it with you.
Northern Kentucky MLS, resale homes in Union, July to September 2026. Refreshed October 19, 2026.
Estimated proceeds to you
$494,442
| Sale price | $500,000 |
|---|---|
| Mortgage and lien payoff | — |
| Listing brokerage commission | — |
| Buyer’s agent compensation you agree to pay | — |
| Kentucky deed transfer tax | −$500 |
| Property taxes to the closing date | −$5,058 |
| Credits to the buyer | — |
| Deed, title and settlement fees | — |
| HOA, repairs and other costs | — |
| Total costs | −$5,558 |
An estimate, not a settlement statement. The property tax line assumes this year’s bill is unpaid at closing. Your title company prepares the final figures, and your agent can prepare a seller net sheet with your actual numbers.
Each cost, explained
| Cost | How it works |
|---|---|
| Mortgage payoff | Your lender’s payoff figure, including interest to the payoff date. Includes any home equity loan or line of credit. |
| Listing brokerage commission | Agreed in your listing agreement. Negotiable, and paid from the proceeds at closing. |
| Buyer’s agent compensation | Paid only if you agree to it, either in the listing agreement or in the offer you accept. |
| Deed transfer tax | Set by Kentucky law (KRS 142.050): $0.50 for each $500 of value or fraction of $500, placed on the seller as the grantor named in the deed. |
| Property taxes | Kentucky bills property taxes once a year in the fall. If this year’s bill is unpaid at closing, you credit the buyer for your share of the year; if you have paid it, the buyer credits you for theirs. Inside Florence or Union the city sends its own tax bill as well as the county bill, and both are prorated. |
| Deed, title and settlement fees | Deed preparation, the title company’s settlement fee and recording charges. Your title company quotes these. |
| Credits to the buyer | Any closing cost help or repair credit agreed in the contract or after the inspection. |
| HOA and other costs | HOA dues to closing and any transfer or document fees, plus repairs you agree to complete. |
Comparing offers on what you keep
Two offers with the same price can leave you with very different amounts. Credits toward the buyer’s costs, who pays which fees, repair requests and the closing date all change your net. Your agent rebuilds the net sheet for each offer so you can compare them side by side, then negotiates the terms as well as the price.
Why a net sheet from your agent beats a calculator
- It uses your lender’s actual payoff and your real tax bill, not estimates.
- It includes the title company’s fees and any HOA charges for your subdivision.
- It is updated with every offer, so you see the effect of credits and terms before you sign.
- It is checked against the final settlement statement before closing, so there are no surprises at the table.
Questions sellers ask
How much does it cost to sell a house in Kentucky?
It depends on the commission you agree, any compensation you offer the buyer’s agent, credits in the contract and title fees. Kentucky adds a deed transfer tax of $0.50 per $500 of the price, and property taxes are prorated to the closing date.
Who pays the transfer tax in Kentucky?
Kentucky law places the deed transfer tax on the seller, as the grantor named in the deed. It is $0.50 for each $500 of value or fraction of $500 (KRS 142.050).
How are property taxes handled when I sell in Kentucky?
Kentucky property taxes are billed once a year in the fall. At closing they are prorated: if this year’s bill is unpaid, you credit the buyer for the part of the year you owned the home; if you have paid it, the buyer credits you for the rest of the year. Inside Florence or Union, the city tax bill is prorated the same way.
Is the commission negotiable?
Yes. Commission is not set by law; it is agreed in the listing agreement between you and the brokerage. Ask what is included, such as photography, video and advertising, so you compare services as well as rates.
From The Caldwell Group
Sell your Union home with a team that knows this market
Before you list, your agent prepares a seller net sheet with your actual payoff, the agreed commission and the title company’s fees, and updates it with every offer so you can compare them on what you keep. The negotiation over price, credits and repairs is where that number is protected.
The Caldwell Group | eXp Realty has closed 230 Union homes since 2005, 88 of them for sellers, and has helped more than 2,600 families across Northern Kentucky and Cincinnati. We price from real sales, market the home properly and handle every deadline through closing.
Dianna has helped us buy & sell multiple houses over the last 18 years. Her & her team make it as smooth as it could possibly be. Honest, available, professional and charismatic are just some of the words that come to mind. Thank you again Dianna, for helping us through the years!
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