The below structure is specific to our brokerage costs and policies. In reality only a few of the items are typically fixed.. most fluctuate based on value.. I've outlined some of the bigger costs that you would expect in selling a typical $300,000 home in Charlotte County
*DOCUMENTARY STAMPS ON DEED - variable
This is the state government taking your money to fund their 'adventures'. This adjusts based on the below formula.
"From (Chapter 201, Florida Statutes) Documentary stamp tax is levied at the rate of $.70 per $100 (or portion thereof) on documents that transfer interest in Florida real property, such as warranty deeds and quit claim deeds. This tax is usually paid to the Clerk of Court when the document is recorded. The Clerks of Court send the money to the Department of Revenue and the Department distributes the funds according to law."
*TITLE INSURANCE & CLOSING FEE - variable
This rate is from Stewart Title, a large national title company. Their basic formula is $250 base cost plus .575% of sale price
*PRELISTING INSPECTION - fixed
A pre listing inspection is paid at closing. This item is to help provide all amenities and flaws to a potential buyer. This cost is fixed and may adjust upwards slightly for homes above 2,000 square feet.
*AHS HOME WARRANTY - fixed
A fixed cost paid again at closing. This provides the potential buyer peace of mind for the next 12 months and helps compete with new construction product.
*COMMISSION 6.0% - variable
This will vary of course with the sale price and is cut out 3% to the buyers agent and 3% to the listing agent
*COMMISSION REDUCTION - variable
Once a $3,000 minimum is met on the listing side, we start splitting half of our listing commission with the seller. In effect this results in a listing of 4.5% total which of course varies. The commission offered to co-operating brokers remains the traditional 3%.
Also keep in mind that this doesn't include property taxes, which will depend on date of sale, and any other assessments or liens that may be attached to the property.
I have included a link below which links to a spreadsheet showing your net costs based on varying sale prices.