How Much Does It Cost to Sell a Home in Miami-Dade?

Most sellers in Miami-Dade should budget roughly 7-8% of the sale price for total selling costs, including real estate commissions, Florida's documentary stamp tax, title-related fees, and typical repairs or concessions.

Real Estate Commission

Commission is usually the largest cost and is negotiated between the seller and their listing agent — this covers marketing, negotiation, and coordinating the transaction through closing.

Florida Documentary Stamp Tax

Florida charges a transfer tax on the sale, commonly called the "doc stamp" tax, calculated at $0.60 per $100 of the sale price in Miami-Dade County (Miami-Dade also has an additional surtax on most property types beyond the first sale). On a $500,000 home, this typically runs a few thousand dollars, paid by the seller at closing.

Title and Closing Costs

Buyers typically pay for the owner's title insurance policy in Miami-Dade (this can vary by contract negotiation).

Repairs, Staging, and Concessions

Budget for pre-listing repairs identified in a pre-inspection (if you choose to do one), staging or minor cosmetic updates, and potential buyer concessions negotiated after their own inspection.

Mortgage Payoff and Prorations

If you have an existing mortgage, it's paid off at closing from your proceeds. You'll also see prorated property taxes and, if applicable, HOA dues settled between buyer and seller at closing.

Putting It Together

While every sale is different, most Miami-Dade sellers should plan for total costs (commission, taxes, title fees, and typical repairs) in the 7-8% range of the final sale price.

FAQ

Q: Who pays title insurance when selling a home in Miami-Dade?
A: In Miami-Dade County, it's common practice for the Buyer to pay for the owner's title policy, though this is negotiable and should be confirmed in your specific contract.

Q: Can I negotiate the real estate commission?
A: Yes, commission is negotiable between a seller and their agent and can vary based on the scope of services, the property, and the local market.