Malabar · Cost to sell
What does it cost to sell a home in Malabar?
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Malabar is a small town between Palm Bay and the Indian River, known for larger lots.
An estimate, not a promise. Agent pay is always negotiable. Repairs, credits to the buyer and taxes for the days you owned the home this year are not included.
Each cost, in plain words
- Agent pay: what you agree to pay the agents, in writing, before you list. It is always negotiable.
- Deed tax: Florida charges 70 cents per $100 of the price when a home changes owners. In Brevard County the seller usually pays it.
- Owner's title insurance: a one-time policy that protects the buyer's ownership. Florida sets the price by law. In Brevard County the seller usually pays it.
- Closing fee: what the title company charges to run the closing. It varies by company.
- Mortgage payoff: the title company pays off your loan from the sale. Ask your lender for an exact payoff amount.
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.
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.
Malabar next to its neighbors
Of its closest neighbors, Palm Bay is valued lower than Malabar.