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Run your numbers

Novation vs. assignment calculator

Enter your contract price, expected sale price, commission and costs. See where the sale price goes and which route pays more on paper.

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$
Hannah's comps will set the real number.
%
Example rate. The listing agreement sets the real one.
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Repairs, cleanup, concessions, closing costs you cover.
$
Where the sale price goes
    Assignment fee$0
    Novation spread$0

    On paper only. A novation follows a normal listing timeline, so it usually takes longer than an assignment, and your fee is paid at closing.

    How the math works

    • Novation spread = expected sale price − your contract price − agent commission − other costs.
    • Assignment fee = what an investor pays you − your contract price.
    • Commission is the total percentage in the listing agreement. The calculator uses 5% as an example.
    • Other costs are anything you cover from your spread, such as repairs, cleanup, concessions and closing costs.

    What it leaves out

    The calculator does not count holding costs, interest, taxes, a longer timeline, or price reductions during a listing. A novation takes longer than an assignment, so a bigger number on paper does not always mean a better deal.

    It also does not replace a price opinion. Hannah's comparable sales set the real list price, and the signed agreements set the real commission and fee. Send the deal and she will run it properly.

    Example figures are illustrative and do not predict results.

    Have a contract in Alabama?

    Send Hannah the deal and get a straight answer.

    She reads the contract, runs the comps, and tells you whether a novation, an assignment or neither makes sense.

    Send Hannah your deal

    Keep reading

    How Alabama novations workThe parties, the paperwork and how your fee is paid.The AIFThe owner's written authorization to list and market on the MLS.Novation vs. assignmentWhich route fits your contract and your timeline.Service areasWhere we take deals across Alabama.