Typical Costs When Selling Residential Real Estate in Sarasota

UPFRONT COSTS:

Update, Refresh & Repair. If your house is lacking modern updates you are going to need to put some money into the house to get top dollar.

Pre-Listing Inspections. A pre-listing inspection will reveal any minor or major issues before the house hits the market. When a buyer finds undisclosed major deficiencies they start to get a little uneasy. A general home inspection is recommended. All major components should be serviced before a buyer sees the house. Expect to spend around $250-$550. 

CLOSING COSTS:

Marketing & Sales Fee to Listing Broker. This fee (6.0%) is a percentage of the final sales price. It is typically split 50/50 between the Listing Agent and the Buyer's Agent. It is reduced if you are also Buying a home with me. It can also be reduced if I represent both sides in the transaction. Our residential exclusive listing agreement is typically a 6-month agreement. (This gives me the ability to sell your property 2-3 times if need be. Not all purchase contracts make it to the finish line.)

County Property Tax Proration. The seller is responsible for taxes from January 1st of the current year until the day of closing. The amount is calculated using the previous year tax bill.

Transfer Tax on Deed. This fee is a sales tax on your deed. The fee is determined using the final sales price and a multiplier of .007. So if your house sells for $500,000, your deed sales tax will be $3,500.

Home Warranty. [Optional] In an older house we usually recommend that the seller offer a home warranty with the sale of the house. This gives buyer more peace of mind. Decent home warranty plans typically start around $400.

Seller Credits. Most instances of seller credits are for repairs that are found during a buyer’s inspection. (A seller may not be obligated to make any repairs depending on the type of purchase agreement used.)

Miscellaneous Fees. Wire, courier and mobile services, are other common fee's associated with the transaction.  $25 - $300

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SELLER’S GUIDE: OUR GUIDE OFFERS THE FOLLOWING:

  • Our company information.
  • Real estate services we offer.
  • What you can expect during the selling transaction.
  • How we represent the sellers interest.
  • The type of service and marketing tools we offer.
  • Custom marketing package information.
  • Tips to prepare the house for showings.
  • Common repair items to check for.
  • Listing activities we perform.
  • How we evaluate the house.
  • The exposure you get with us.
  • Where your listing will syndicate to.

Meet

ALEX MOREL, REALTOR®

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Alex is a true Sarasota Native. Born at Sarasota Memorial Hospital and has lived in Englewood, North Port, Venice, Bradenton and Sarasota throughout his 40+ years in the area. Alex grew up in a family of home builders and contractors and was on residential job sites at a very early age learning all about building homes.

Prior to becoming a Realtor®, Alex worked for a small Mechanical Engineering firm in Sarasota for about a decade as an AutoCAD Draftsman, and then as a NICET Certified Engineering Technician designing fire suppression systems for high-rise condos, office buildings, restaurants, storage facilities, churches, large single-family homes, and other facilities.

Alex has been a licensed Realtor® since 2010, and started his Real Estate career with Wagner Realty, one of the largest independent Brokers in Sarasota and Manatee counties. After 8 years with that firm he moved over to a local RE/MAX office, which was the highest producing RE/MAX office in Florida. After 4 years with RE/MAX Alex decided to hang his license with Realty Hub, a smaller real estate broker that gives him more flexibility within his business to operate in a less "corporate" manner.

Alex is a member of the local Sarasota board, Realtor® Association of Sarasota and Manatee. He is also a member of Florida Realtors® and the National Association of Realtors®. During his membership at RASM, he was previously chosen to sit on the Grievance Committee for Professional Standards and on the Community Outreach Committee.

Alex mainly works in Residential Real Estate guiding Buyers and Sellers through the complexities of the real estate market within the tri-county Sarasota, Manatee and Charlotte County areas, handling new and existing construction single-family homes, condos, villas, townhomes, duplexes, quadruplexes, mobile/manufactured homes and vacant land. Current sales volume exceeds $25 million to date.

Call Alex For all your home buying and selling needs.