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What will you actually walk away with? Enter your sale price and payoff, and this calculator estimates your commission, Florida documentary stamp tax, title insurance, tax proration, and closing fees, then shows your net proceeds. Free, no sign-up, and every line can be adjusted. Built for commercial and residential sellers in Broward, Miami-Dade, and Palm Beach counties.
Enter the sale price and what you owe. The calculator applies Florida's documentary stamp tax, the state's promulgated title insurance rates, typical closing charges, and your commission to show an estimated net. Every line can be changed. For title insurance, documentary stamps, homestead portability, and tax proration on their own, use the Florida real estate calculators.
We will send the line items to your inbox, with no obligation. Want to know what the property would actually sell for? Ask for the free broker opinion of value in the same message.
Estimates only. Documentary stamp tax is $0.70 per $100 of price statewide; in Miami-Dade it is $0.60 per $100 plus a $0.45 per $100 surtax on property other than a single-family residence. Title insurance uses Florida's promulgated owner's policy rates. In Broward and Miami-Dade the buyer customarily pays for the owner's title policy; in Palm Beach and most other Florida counties the seller does, and it is negotiable everywhere. Taxes are prorated to the closing date. Your title company and CPA provide final figures; this is not legal, tax, or accounting advice. Calculator provided by The DeMarco Real Estate Group at RE/MAX 5 Star Realty, 1901 Harrison Street, Hollywood, FL 33020, (954) 453-1000.
Typically the brokerage commission, documentary stamp tax on the deed ($0.70 per $100 of price statewide; $0.60 plus a $0.45 surtax per $100 in Miami-Dade on property other than a single-family residence), prorated property taxes through the closing date, settlement and recording fees, any estoppel or lien search charges, and, in Palm Beach and most Florida counties, the owner's title insurance policy. Broward and Miami-Dade custom puts the title policy on the buyer. The seller also pays off any mortgage at closing.
It follows county custom and is negotiable. In Broward and Miami-Dade counties the buyer customarily pays for the owner's title policy and chooses the title company. In Palm Beach County and most of Florida the seller pays. Florida title insurance premiums are set by the state, so the cost is the same at any title company.
On the deed, $0.70 per $100 of the sale price statewide, paid by the seller by custom. Miami-Dade charges $0.60 per $100 plus a $0.45 per $100 surtax on property other than a single-family residence. On a $1.5 million commercial sale that is $10,500 in most counties and $15,750 in Miami-Dade.
For a commercial sale in South Florida, seller costs before the loan payoff usually run 6 to 8 percent of the price when the commission is included, and 1 to 2 percent without it. The calculator shows the percentage for your numbers.
No. It estimates costs from the price you enter. The price the property will actually sell for is a different question, answered by a free, confidential broker opinion of value from The DeMarco Real Estate Group at RE/MAX 5 Star Realty.
Read the guide: How to sell a commercial property in South Florida
Call the office and ask for the commercial desk.
