Melbourne · Selling
Selling a condo in Melbourne
The association papers, inspections and buyer’s review period, step by step.
Free · Agents who know Melbourne · Every step in one app
Melbourne is home to Melbourne Orlando International Airport and sits on the Indian River.
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 Melbourne
- The typical owner-occupied home in Melbourne is worth about $306,400, 10% below the Brevard County typical value. At about 6–8% total selling costs, that is roughly $18,400–$24,500 on a typical sale here; your own number depends on your price and mortgage.
- About 39% of homes in Melbourne were built before 1980. Older Florida homes often need a 4-point inspection (roof, electrical, plumbing, heating and cooling) before an insurer will cover them, so having one done early can stop surprises after you accept an offer.
- To look up a home's flood zone in Melbourne, use City of Melbourne Flood Hazard Information. A home's flood zone decides whether a lender requires flood insurance.
- To open a City of Melbourne water account you need ID and proof of ownership or a lease. A $20 service start fee shows up on the first bill, and a deposit may be billed too.
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 Melbourne. You always see what to do next, and your agent handles the how.
Melbourne in numbers
- The typical home here is valued at about $306,400, which is 10% lower than Brevard County as a whole ($339,600).
- The typical home here was built around 1985, about 41 years ago. Ask about the roof's age early, because Florida insurers look at it closely.
- About 40% of homes here are rented, more than the county's 23%. Expect some buyers to be investors.
- Owners with a mortgage pay about $1,689 a month in housing costs, $164 more than typical rent ($1,525). Many of those owners bought years ago at lower prices, so today's buyers often pay more.
At a typical Melbourne price of about $305,000, Florida's deed tax is $2,135 and the owner's title policy is about $1,600. Typical value here is 4.6 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.