How Much Money Goes into the Economy When a Home Is Sold?

So, most of you probably saw the Super Bowl ad.

Rocket Mortgage.

Consumer goods flying around all over your TV screen. And yes, it's true, real estate has a huge impact on the economy.

But, there is another huge benefit - when a home gets sold, it's a paycheck for so many people involved in just one real estate transaction.

So, what I did was prepare a Word doc for you, listing who gets paid when a home is sold. I based this on a buyer getting a mortgage of $200,000 with 10% down payment. It contains a list of services and estimated dollar amounts based upon my area in Wisconsin — that totaled a whopping $32,325.

This is a great document to share with your real estate agents. I have left the dollar amount column blank so you can fill in those amounts that apply to your area. This would also make a great article for your local newspaper, TV and radio stations.

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