Before you list your a home for sale in St Petersburg Pinellas or anywhere in the greater Tampa Bay wouldn’t you like to know the cost of selling a home? Some costs are standard for all home sales, others will depend on the property type and the local community. Here are details of typical costs to sell a home. You’ll see these on the statement you sign at closing. Be sure to get a copy for review beforehand!
| What appears on the Closing Statement | Description | Typically how much, or the calculation | When is it applied |
|---|---|---|---|
| County Taxes | Property taxes pro-rated for the time you have owned the property in the cuurrent year. | Based on the prior year’s tax amount. | All sales |
| Doc Stamps or Transfer Tax | Tax payable to the county | $0.70 per every $100 of the sale price | All sales |
| Listing and Selling Brokerage Fees | Brokerage fees to list, market and sell your property | Negotiable, listing agent fees and most often, buyer broker fees, are agreed at time of listing | Negotiable |
| Title Fees | Fees payable to the title company. Some are pass throughs to 3rd parties, some are for work performed by title. | Title search Lien, permit search Closing fee and remote closing fee Depends on the title company but expect ~$1,000 | All sales |
| Title Insurance | Insurance policy you give the buyer to cover transfer of clean title | Varies by title insurance company, for budgeting I use $5.75 per $1,000 of the sales price | All sales |
| Estoppel | Confirmation you are in good standing with the HOA | Depends on the company producing the estoppel. I budget $500 if I don’t know the exact amount | Condo, Co-op and HOA properties |
Depending on your particular circumstances there may be additional costs, such as mortgage loan payoff, lien payoff, remote closing fees covering notaries, transfer fees payable to an HOA, etc.
The Bottom Line
When I list a home I share a “net sheet” with the Seller at time of listing. This shows the net to seller at different price points and breaks down the specific cost of selling the home. We then add in specific costs such as mortgage payoff and HOA transfer fees. This gives the seller a good estimate of all costs to sell and the amount they will net when they sell. It’s always better to have this at time of listing rather than surprises when evaluating an offer, or worse, at the closing table.
If you are looking to sell a home in St Petersburg, Pinellas County or anywhere in the greater Tampa Bay area and would like a good estimate of you closing costs, reach out to me.
Continue Planning Your Home Sale
Explore the Selling a Home section of The Property Briefing for practical advice on pricing, preparing your home, marketing, offers, inspections, and the decisions that shape your sale.
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