In sunny Fort Lauderdale, closing costs usually run between 6% and 9% of the sale price for sellers (primarily due to commissions) and 2% to 5% for buyers. For this Imperial Point home listed at $749,900, you’ll want to budget carefully so you aren't caught off guard.
Florida is famous for its "Doc Stamps." In Broward County, the seller typically pays $0.70 per $100 of the sales price. For this specific property, that’s roughly $5,250 just to transfer the deed. Also, remember that your annual property taxes of $15,670 will be prorated at closing.
| Typical Expenses | Estimated Cost |
| :--- | :--- |
| Realtor Commissions (5-6%) | $37,500 - $45,000 |
| Documentary Stamps (Deed) | $5,250 |
| Title Insurance & Search | $3,500 - $4,500 |
| Recording & Settlement Fees | $800 - $1,200 |
| Total Estimated Seller Costs | $47,050 - $55,950 |
If you're the buyer financing the deal, expect to shell out around $15,000 to $22,500 for lender fees, inspections, and prepaids. My advice? Negotiate who pays for the owner's title policy early, as that's a common "swing" expense in South Florida contracts that can save you thousands.
6110 NE 19th Ave, Fort Lauderdale Investment Report: Flip & Rental Analysis · Frontflip