Posted by Maria Hoffman on Tuesday, January 30, 2024 at 12:35:12 PM By Maria Hoffman / January 30, 2024 Comment
Understanding what a seller pays for in a real estate transaction in Florida is helpful, and unless you've sold home in Florida before, you might not be acquainted with the various costs. It's helpful to be able to budget for those expenses, so we thought it would be helpful for sellers to have general idea!
In Florida's real estate market, where various fees and taxes can impact the overall cost, being well-informed about seller responsibilities enhances the efficiency and integrity of the property transfer process. While there is a long list of fees in a transaction, the actual amount sellers pay, above the commission, for ALL the things is only about 1.5% to 1.8% of the sales price. This is a good rule of thumb that I have determined over many, many years & transactions that I share with all our clients. Of course, we can run the figures for your property, but this gives you a good frame of reference.
If you have more questions about who pays what in a transaction, we are here to help and would love to chat. Please reach out to us at any time! 813-907-2555
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