How Much Are Closing Costs When Selling a Home in Palm Beach Gardens, FL?

Question: How much are closing costs when selling a home in Palm Beach Gardens, FL?

Answer: Closing costs when selling a home in Palm Beach Gardens usually range between 6% and 10% of the final sale price, including real estate commissions, title fees, taxes, and other expenses.

What Closing Costs Mean for Palm Beach Gardens Sellers

Closing costs are the fees and expenses you pay when the sale of your home is finalized. For sellers in Palm Beach Gardens, these costs can significantly impact your bottom line. Knowing what to expect helps you plan ahead and avoid surprises.

Common Closing Costs for Sellers in Palm Beach Gardens

Here are the most common expenses you may encounter when selling your home:

• Real estate agent commission: Typically 5%–6% of the sale price, usually split between the buyer’s and seller’s agents.
  • Title service and settlement fees: $500–$1,500 depending on the title company.
  • Documentary stamp tax: In Florida, sellers pay this at $0.70 per $100 of sale price.
  • HOA fees or estoppel letters: Required if your home is in a Palm Beach Gardens community like Alton or PGA National.
  • Attorney fees (if used): Optional but recommended in complex transactions.
  • Repairs or credits: Negotiated with the buyer during inspection.
  • Mortgage payoff and related fees: If you still have a loan.

Example of Closing Costs in Palm Beach Gardens

Suppose you sell your home in Palm Beach Gardens for $800,000:

• Commission (6%): $48,000
• Documentary stamp tax: $5,600
• Title services and settlement: $1,200
• HOA estoppel and fees: $500

Total estimated closing costs: about $55,300 (roughly 6.9% of the sale price).

Neighborhood Factors in Palm Beach Gardens

Communities like Artistry, Frenchman’s Creek, and Mirasol may require specific HOA documentation fees. Waterfront properties may have higher insurance and inspection-related costs. Understanding these local variations is key to budgeting properly.

How to Reduce Your Closing Costs

• Shop around for title services.
  • Offer the home as-is to limit repair credits.
  • Ensure HOA fees are paid in advance to avoid extra charges.
  Coastal Florida Homes helps you identify opportunities to reduce costs without risking your sale.

Legal and Ethical Compliance

Closing costs must be disclosed clearly on the settlement statement. Coastal Florida Homes follows all NAR Code of Ethics standards and Florida Real Estate Commission rules. For advice on tax-deductible expenses or capital gains, consult a licensed tax professional.

Final Thoughts

Closing costs are a major part of selling a home in Palm Beach Gardens, but with planning and the right guidance, they don’t have to be overwhelming. Coastal Florida Homes Led By Jeff Orr provides local expertise to help you understand and minimize your expenses.

📞 Ready to learn exactly what your closing costs will be? Contact Jeff Orr today for a personalized home-selling consultation.