Home Sell Calculator - Discover the Cost of Selling Your Home in Florida

Want to find out the cost of selling your home in Florida? Use this free home sell calculator to estimate your home sale price, total costs, and net proceeds.


How Much Does It Cost to Sell a Home in Florida?

If you're preparing to sell your home, it's important to understand the costs involved in the process. One of the biggest questions many sellers ask is: "What are the closing costs and overall expenses I can expect?" These costs can vary based on the location and the specifics of the property. Here’s a breakdown of the key factors and how to calculate the costs of selling a home in Florida.

Find out the cost of selling your home - Understanding Seller Closing Costs in Florida

When selling your home, closing costs include various fees associated with finalizing the sale. Both the buyer and the seller typically share these costs, but as a seller, you will be responsible for several specific expenses. It can be confusing and quite daunting when trying to calculate the cost of selling your house. Therefore, we’ve not only provided our Home Sell Calculator for Florida homes above to make it easier for you, but we’ve also broken the costs down below. Common costs for sellers include:

  • Realtor Commission: In a traditional sale, sellers typically pay a real estate agent commission, which averages around 6% of the home’s sale price. This is often split between the buyer's and seller's agents.

    Title Insurance: Title insurance protects the buyer from any potential defects or issues with the property's title. In most Florida counties, this cost is paid by the seller, though in some regions like Miami-Dade and Broward counties, the buyer may cover this cost.

    Florida Documentary Stamp Tax: The state of Florida levies a transfer tax on real estate sales. The rate is 0.7% of the total sale price in most counties, though Miami-Dade County has a slightly different rate.

Common Costs for Florida Home Sellers

  • Realtor Commission (6% of sale price)

  • Title Insurance

  • Documentary Stamp Tax (0.7% of sale price)

  • Title and Lien Search Fees

  • HoA Estoppel Letter Fees

  • Wire Transfer Fees

  • Document Preparation Fee

  • Transaction Fees

Calculating the Cost of Selling a Home in Florida

To get a clearer picture of your closing costs, it's helpful to use a home selling cost calculator. Such a tool provides an estimate based on factors like your sale price, location, and local market trends. Use our home cost calculator above on this page!

For example, on a $300,000 home in Florida, closing costs can amount to approximately 2-3% of the sale price. According to ClosingCorp, the average closing costs for buyers in Florida are 2.3%. For sellers, the largest expenses usually come from realtor commissions and transfer taxes.

Cost Example on a $300,000 Home in Florida

  • Realtor Commission (6%): $18,000

  • Title Insurance & Other Fees: $1,500

  • Documentary Stamp Tax (0.7%): $2,100

  • Total Seller Closing Costs: ~$21,600

Who Pays Title Fees in Florida?

While it's customary for sellers to cover title fees in many Florida counties, buyers may be responsible for these costs in areas like Miami-Dade and Collier counties. Be sure to clarify this with your agent early in the process to avoid surprises.

Frequently asked questions - cost of selling your home in florida

How Much Are Closing Costs on a $500,000 Home in Florida?

On a $500,000 home, seller closing costs may range from $30,000 to $35,000, depending on the specific county and other variables like additional fees and taxes.

How to Calculate Closing Costs in Florida for a Seller?

Closing costs can be calculated using the formula:
Sale Price x Closing Cost Percentage (typically 2-3%) + any additional county or region-specific fees. Tools like a cost of selling a home calculator or a closing cost calculator for sellers can provide a more detailed breakdown.

Cost of Selling Your Home in Florida - Conclusion

Selling your home in Florida comes with various closing costs and fees, but by understanding the breakdown and using a reliable home selling cost calculator, you can get a clearer picture of what to expect. Knowing the costs ahead of time can help you budget and make informed decisions throughout the selling process.

If you’re interested in Florida real estate, make sure to contact Gailey Enterprises Real Estate - the best Central Florida Real Estate agency. Whether you’re looking for Ocala real estate, real estate for sale in Jacksonville, Tampa, Orlando, or something more specific, like the most friendliest top south Florida towns, we’ve got you covered!