Fri. Jun 9th, 2023

Despite a slowing of the US housing market, Florida remains a place people want to move to. Though prices may have declined slightly from their summer 2022 peak, they’re still 2% higher than a year earlier, giving homeowners an increase in equity.

With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions.

While the method can work, it does come with some risks, including selling your house for less than it’s worth.

In this guide on how to sell a house by owner in Florida, we’ll cover what can be the most difficult aspects of selling by owner, including the steps that might be harder than you think. We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent.

Unsure About Selling FSBO in Florida?

Connect with a top-rated real estate agent near you for a consultation and price estimate for your home.

Note: Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Florida. Or — in the event you’d prefer to work with a real estate agent — HomeLight would be happy to introduce you to highly-rated professionals who can help you command top dollar and provide a low-stress selling experience.

Fast Facts About Selling a House in Florida

Average home sale price in Florida: $576,226 (April 2023)
Average time on market: 31 days (March 2023)
Can FSBO sellers post a yard sign? Yes
Is a real estate attorney required? Real estate attorneys are not considered essential for closing in the state of Florida. But hiring an attorney when selling by owner is almost always advisable in order to avoid an abundance of legal risk.
What are required disclosures in the state? Known issues, HOA, property tax history, among others. See the Florida Realtors Seller Property Disclosure Form for more details.
Real estate transfer taxes? $0.70/$100 with some variances

Quick FSBO overview

FSBO is a method of selling your home without the involvement of a listing agent. In a FSBO scenario, the seller assumes the responsibilities that would normally fall to their agent such as pricing the home, arranging showings, and negotiating the deal.

In an agent-assisted sale, the seller typically pays a commission amounting to around 6% of the sale price, which is then split 50/50 with the buyer’s agent. That 6% is deducted from the seller’s proceeds at closing. By selling FSBO, a seller can eliminate the cost of the listing agent commission (so around 3%), though they may still need to offer a buyer’s agent commission.

Finally, a FSBO sale does not mean that a seller won’t need any professional assistance. Most people who sell by owner will need to hire an attorney to review and prepare key documents and make sure paperwork is filled out properly, such as the seller’s disclosures and purchase contract.

Leave a Reply