Fort Lauderdale Seller Closing Cost Calculator
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Closing Cost Calculator for Fort Lauderdale: Seller Averages
This free calculator can help home sellers in Fort Lauderdale estimate their closing costs and net proceeds. To get a ballpark idea of the cost of selling a house in the Venice of America, enter the information for each of the input fields above. You can see typical or state averages for most Fort Lauderdale seller closing costs below.
Home Selling Price: $643,900
How does your home compare to the city’s median selling price of $643,900? To determine your listing price, you can:
- Get a preliminary estimate with HomeLight’s free Home Value Estimator
- Request a Comparative Market Analysis (CMA) from a top Fort Lauderdale agent
- Purchase a pre-listing home appraisal (typically $650 in Fort Lauderdale)
- Visit this HomeLight map link to compare recently sold homes in Fort Lauderdale
Mortgage Payoff Amount: $251,713
According to Experian, the average homeowner in Florida has a mortgage balance of $251,713. To find the exact payoff amount for your Fort Lauderdale home, check your latest mortgage statement or contact your mortgage provider.
Listing Agent Fee: $16,097–$19,317
A typical listing agent commission in Fort Lauderdale is 2.5% to 3% of the home’s selling price. On a $643,900 house, your agent’s fee might range from $16,097–$19,317.
Get the Highest Proceeds: HomeLight data shows that the top 5% of agents sell homes faster and for up to 10% more than average agents. Try HomeLight’s free Agent Match platform to consult with the highest-performing agents in your Fort Lauderdale market.
Buyer’s Agent Fee: $16,097–$19,317
In the past, most home sellers covered both the listing agent and the buyer’s agent commissions. However, following a landmark court settlement by the National Association of Realtors, buyers are now expected to negotiate compensation directly with their own agents. If you’re offering to pay this fee to attract buyers or help close a deal, on a $643,900 median-priced Fort Lauderdale home, you can expect to pay $16,097–$19,317.
Detailed Closing Costs: $16,097–$23,180
Closing costs in Fort Lauderdale typically average 2.5%–3.6% of the home’s sale price. Whether your property falls in the high or low end of this range depends on its value, condition, the purchase agreement, and what services you end up paying for.
On a median-priced home of $643,900, you might pay $16,097–$23,180. Below are some of the typical types of closing costs you can expect in a Fort Lauderdale home sale:
- Home Preparations: To help make your Fort Lauderdale home give a better first impression, consider curb appeal improvements such as professional cleaning, landscaping, or home staging.
- Renovations/Repairs: Fixing or updating your Fort Lauderdale home to meet buyer demand and market trends will keep your home from being overlooked.
- Title Service Fees: Title company work required to verify legal ownership and manage the transfer of the property.
- Owner’s Title Insurance: A one-time insurance premium paid by the seller in Fort Lauderdale to protect the buyer from title issues or ownership disputes. Buyers usually pay for this in Florida.
- Transfer Taxes: Fort Lauderdale home sellers pay a state transfer tax rate of $0.70 per $100 of the property’s value. (See more below.)
- Recording Fees: This is a relatively small fee you’ll need to pay to the local city or county recording office to record the change in property ownership officially. This varies by municipality.
- Buyer Incentives: With buyers being more hesitant in the current market, you may need to offer concessions or credits to sweeten a deal, such as paying the buyer’s agent fees or funding an interest rate buydown.
- Other Costs: You’ll likely have some miscellaneous expenses that are 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 paying for movers or a rental truck is not technically a closing cost, you should include this expense in your budget, which can range from $883 to $7,000.
Fort Lauderdale property transfers are subject to the statewide transfer tax rate of $0.70 per $100 of the property’s value.
Make Buying and Selling Easier: Most Fort Lauderdale sellers are also buyers looking to purchase a new home. With HomeLight’s Buy Before You Sell program, you can make a non-contingent offer on your new home and only move once. Watch this short video to learn more.
More Helpful Seller Tools From HomeLight
Here are some additional tools you may find helpful as you plan your Fort Lauderdale home sale:
- Listing Agent Match platform
- Home Value Estimator
- Best Time to Sell Calculator
- Agent Commission Calculator
- Net Proceeds Calculator
Want to avoid closing costs and sell fast? Get a cash offer today.
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 Fort Lauderdale home to get started. Along with your offer, you’ll also see an estimate of what a top Fort Lauderdale 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: