Florida Home Selling Costs

Selling a House in Florida: Understanding Costs and Who Pays for What

The True Costs of Selling a Home in Florida

Selling a home in Florida comes with a variety of expenses that can impact your bottom line. Understanding these costs is essential for homeowners who want to maximize their profits and avoid unexpected fees. In this guide, we break down the common expenses associated with selling a house in Florida, who typically pays for them, and how you can reduce costs when selling your home.

Common Costs Associated with Selling a House in Florida

When selling a home, you’ll encounter several costs, some of which are negotiable. Below are the key expenses sellers should be aware of:

Real Estate Agent Commissions

Real estate agent commissions are typically the largest expense for home sellers. In Florida, commissions usually range from 5% to 6% of the sale price, split between the buyer’s and seller’s agents. For example:

• If your home sells for $300,000, commissions could range from $15,000 to $18,000.

• Sellers can negotiate commission rates, but working with a skilled agent often justifies the cost by securing a higher sale price.

Closing Costs for Sellers

Sellers in Florida typically pay a portion of the closing costs, which can include:

• Title service and closing fees

• Owner’s title insurance

• Documentary stamp tax (transfer tax)

• Recording fees

• Prorated property taxes

These costs usually amount to 1% to 3% of the sale price. For a home selling at $300,000, closing costs might range between $3,000 and $9,000.

Capital Gains Tax

If you sell your house for more than you originally paid, you might be subject to capital gains tax. However, you can avoid paying taxes in certain situations:

• If you’ve lived in the home as your primary residence for at least two out of the last five years, you can exclude up to $250,000 ($500,000 for married couples) from capital gains tax.

• A 1031 exchange allows investors to defer capital gains tax by reinvesting profits into another property.

Home Repairs and Renovations

Many sellers invest in repairs or renovations to attract buyers and boost their home’s value. Costs can vary depending on the condition of the property:

• Minor repairs: $500 – $2,000 (patching walls, repainting, fixing leaks)

• Roof replacement: $5,000 – $15,000

• Kitchen or bathroom updates: $3,000 – $10,000

For those looking to sell their home fast for cash, skipping repairs and selling as-is can save thousands in upfront costs.

Staging and Photography

Staging and professional photography can enhance your home’s appeal and lead to a quicker sale. Costs vary based on the level of service:

• Professional photography: $150 – $500

• Virtual staging: $200 – $600

• Full-service home staging: $1,500 – $3,000

Homes with high-quality photos and staging often sell faster and for a higher price.

Homeowners Association (HOA) and Transfer Fees

If your property is in an HOA community, there may be additional fees, such as:

• HOA transfer fees (often between $200 – $1,000)

• Unpaid HOA dues (which must be cleared before closing)

Who Pays Closing Costs in Florida?

Closing costs in Florida are typically split between the buyer and seller, but the exact division depends on negotiations and contract terms.

What Sellers Usually Pay For

• Real estate agent commissions (5-6%)

• Title search and title insurance

• Documentary stamp tax (0.7% of the sale price in most counties)

• Recording fees and prorated property taxes

• Any outstanding liens or judgments

What Buyers Typically Pay For

• Home inspection

• Appraisal fee

• Loan origination fees

• Homeowner’s insurance

In some cases, sellers may agree to cover part of the buyer’s closing costs as an incentive to close the deal.

How to Sell Your House in Florida Without High Costs

Sell Your House Fast for Cash

If you want to avoid expensive commissions, repairs, and closing costs, selling your house for cash to a real estate investment company like Surety Homebuyers can be a smart option.

Benefits of Selling to Surety Homebuyers

• No agent commissions (save thousands on fees)

• No repairs needed (we buy homes as-is)

• Fast closing process (close in as little as 7 days)

• No hidden fees (we cover many typical seller costs)

If you’re ready to sell your house in Polk County, Florida, contact Surety Homebuyers today for a free, no-obligation cash offer.

📞 Call us at (863) 250-0837 or visit suretyhomebuyers.com to get started!

Final Thoughts on Selling a House in Florida

Selling a house in Florida involves several costs but understanding them ahead of time can help you budget effectively and maximize your profit. Whether you choose to list with an agent or sell fast for cash, knowing your options ensures a smoother, more profitable home sale.