Florida Seller Closing Cost Calculator

Buyer’s Agent Fee: $10,180–$12,216

Historically, sellers covered both the listing agent and the buyer’s agent fees. However, following a landmark court settlement by the National Association of Realtors (NAR), buyers are now expected to negotiate compensation directly with their own agents. If you’re offering to pay this fee to attract buyers, on a $407,200 median-priced Florida home, you can expect to pay $10,180–$12,216.

Detailed Closing Costs: $9,366

Closing costs in Florida average about 2.3% of the home’s sale price. On a median-priced home of $407,200, you might pay $9,366. Below are some of the typical types of closing costs you can expect:

• Home Preparations: This might include curb appeal expenses such as house cleaning, landscaping, and home staging.
• Renovations/Repairs: Fixing or updating your property to meet buyer expectations or inspection requests in your market.
• Title Service Fees: Title company work required to verify legal ownership and manage the official transfer of the property. This fee is usually paid by the seller, but in some countries, title fees may be covered by the buyer.
• Owner’s Title Insurance: A one-time insurance premium typically paid by the seller to protect the buyer from title issues or ownership disputes.
• Transfer Taxes: Most Florida home sellers pay a transfer tax rate of $.70 for every $100 of the property’s value. Depending on the home’s location, this fee may be a bit lower. (See more below.)
• Recording Fees: Fees paid to the local area government to record the change in property ownership.
• Buyer Incentives: Credits or concessions you might offer buyers, such as paying the buyer’s agent fees or funding a rate buydown.
• Other Costs: Miscellaneous expenses not covered in other categories, such as attorney fees and HOA transfers. (An attorney is not required to sell a house in Florida.)
• Moving Expenses: While not technically a closing cost, you might want to include this expense in your overall budget. Moving costs can range from $883 to $7,000.

In Florida, selling real estate is subject to a documentary stamp tax, also known as a transfer tax, which is typically paid by the seller. The statewide rate is $0.70 per $100 of the sale price. In Miami-Dade County, the rate is slightly lower at $0.60 per $100. However, if the property is not a single-family residence, an additional $0.45 surtax per $100 applies.

More Helpful Seller Tools From HomeLight

Here are some additional tools you may find helpful as you plan your Florida home sale:

• Listing Agent Match platform
• Home Value Estimator
• Best Time to Sell Calculator
• Agent Commissions Calculator
• Net Proceeds Calculator

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With HomeLight’s Simple Sale platform, you can receive a no-obligation, all-cash offer in 24 hours and close in as few as 10 days. Answer a few questions about your Florida home to get started. Along with your offer, you’ll also see an estimate of what a top Florida agent might be able to get for your home. Get both options with one tool.

As you look ahead to your next home purchase, here are some helpful buyer tools:

• Home Affordability Calculator
• Down Payment Calculator
• Closing Costs Calculator
• Buyer’s Agent Match platform