Malabar · Selling
Selling a condo in Malabar
The association papers, inspections and buyer’s review period, step by step.
Free · Agents who know Malabar · Every step in one app
Malabar is a small town between Palm Bay and the Indian River, known for larger lots.
Selling a condo in Florida has more paperwork than selling a house, and the rules have changed several times in the last few years. If you have heard about building inspections, reserve studies or special assessments and felt your stomach drop, you are not alone.
What this means in Malabar
- The typical owner-occupied home in Malabar is worth about $451,100, 33% above the Brevard County typical value. At about 6–8% total selling costs, that is roughly $27,100–$36,100 on a typical sale here; your own number depends on your price and mortgage.
- To look up a home's flood zone in Malabar, use Town of Malabar FEMA Flood Maps link. A home's flood zone decides whether a lender requires flood insurance.
- Malabar's site points septic owners to Brevard County's Save Our Indian River Lagoon grants: homes inside the plan area can get at least $6,000 to upgrade a septic system, but you must be approved before any work starts.
What’s different for you
- Send the condo papers. The buyer gets the association’s papers, and their 7-day review starts then.
- Share the building’s inspections. Milestone inspection summaries and the reserve study, or a note that there isn’t one.
- Order the estoppel letter. It shows what’s owed so it can be paid at closing.
When you start in CloseHive from this page, your plan already includes these steps, along with the usual ones for selling in Malabar. You always see what to do next, and your agent handles the how.
Malabar in numbers
- The typical home here is valued at about $451,100, which is 33% higher than Brevard County as a whole ($339,600).
- The typical home here was built around 1993, about 33 years ago. Ask about the roof's age early, because Florida insurers look at it closely.
- 99% of homes are lived in by their owners, more than the county's 77%. Homes here change hands less often, so good ones can go quickly.
- So few homes in Malabar are rented that the Census can't report a typical rent here. Nearly every home is lived in by its owner, so listings come up less often than in bigger cities.
At a typical Malabar price of about $450,000, Florida's deed tax is $3,150 and the owner's title policy is about $2,325. Typical value here is 3.5 times the typical household income, compared with 4.3 for the county.
Questions people ask
How long can a condo buyer cancel?
Under Florida law a resale buyer can cancel within 7 days, not counting weekends and legal holidays, after signing and getting the papers.