Seller Resource

South Florida Closing Costs for Sellers

One of the most common questions sellers ask is: "How much will I actually walk away with?" Your net proceeds are your sale price minus all closing costs, fees, and your mortgage payoff. Understanding each line item before you accept an offer — not at the closing table — is essential for making informed decisions throughout the process. Jacob Edri provides a detailed estimated net sheet for every listing client before any offer is accepted.

Typical Seller Closing Cost Breakdown

Cost Item

Paid By

Estimate

Notes

Real Estate Commission

Seller

5–6% of sale price

Split between listing and buyer's agent

Documentary Stamp Tax (Deed)

Seller

$0.70 per $100

$4,200 on a $600K sale (most FL counties)

Owner's Title Insurance

Seller (traditional)

0.5–1% of price

Negotiable — varies by county custom

HOA Estoppel Fee

Seller

$100–$299

Rush fee may apply

Pro-Rated Property Taxes

Seller

Varies

Prorated to closing date

Seller Concessions

Seller (if agreed)

Negotiated

FHA up to 6%; conventional 3–9%

Wire/Transaction Fees

Seller

$25–$50

Title company wire processing

Mortgage Payoff

Seller

Varies

Remaining principal + per diem interest

Documentary Stamp Taxes — Florida's Transfer Tax

Florida charges a documentary stamp tax on all real estate deeds at the rate of $0.70 per $100 of the sale price in most counties (Broward, Palm Beach, and most others). Miami-Dade County uses a different rate structure. On a $600,000 sale in Broward County, the doc stamp tax is $4,200. This tax is traditionally paid by the seller in Florida. It's calculated on the gross sale price, not on your equity or net proceeds. Your title company will calculate and collect this at closing.

Title Insurance — Who Pays in South Florida?

In Broward and Palm Beach Counties, it's traditional for the seller to pay for the owner's title insurance policy and choose the title company. This is different from some markets where the buyer controls title company selection. The owner's title policy protects the buyer's equity against title defects. Cost is typically 0.5% to 1% of the sale price, with regulatory rates set by the state. The buyer pays for the separate lender's title policy (required by their mortgage company). Both policies are one-time premiums paid at closing — no annual renewal.

Real Estate Commission in Florida

Commission is typically 5% to 6% of the sale price, split between the listing agent and the buyer's agent. Since the NAR settlement changes took effect in August 2024, buyer's agent compensation is no longer required to be offered through the MLS. However, sellers who offer competitive buyer's agent compensation continue to attract the broadest pool of qualified buyers and produce better transaction outcomes. Jacob Edri will explain current commission practices and your options during the listing consultation.

Your Net Sheet — The Most Important Pre-Acceptance Document

Before accepting any offer, Jacob Edri provides a complete estimated net sheet — a detailed calculation of your expected proceeds after all costs are deducted. This includes sale price, commission, doc stamps, title costs, HOA fees, estimated mortgage payoff, pro-rated taxes, and any agreed concessions. The net sheet lets you compare multiple offers on a true apples-to-apples basis — a higher offer price with aggressive concessions may net you less than a lower offer with clean terms.

Capital Gains Considerations for Sellers

While this guide does not provide tax advice, sellers should be aware that the IRS provides a capital gains exclusion for primary residence sales: up to $250,000 for single filers and $500,000 for married filing jointly, provided you've owned and lived in the home for at least 2 of the last 5 years. Florida's zero state income tax means no state-level capital gains tax — a significant advantage over sellers in New York, California, or New Jersey. Consult a licensed CPA before closing if you have questions about your specific tax situation.

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Part of: The Ultimate Guide to Selling Your Home in South Florida

Equal Housing Opportunity. Jacob Edri · Move To South Florida Team · Lokation Real Estate. Not tax or legal advice.

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