How is my second payout calculated?

Your second payout is based on your home's final sale price. Here's the basic formula:

• Final sale price

• Minus the upfront payment already made to you

• Minus improvement and preparation costs

• Minus holding and selling costs

• Minus the Sell 360 program fee (typically 3–4% of final sale price)

Whatever remains is your second payout. If the home sells above the projected price, you keep that additional profit.