Merritt Island · Cost to sell
What does it cost to sell a home in Merritt Island?
Type your numbers. See every cost and what you'd keep.
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Merritt Island sits between the Indian River and the Banana River. It is a community, not a city, so county rules apply.
You'd keep about—
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.
Merritt Island in numbers
- The typical home here is valued at about $402,900, which is 19% higher than Brevard County as a whole ($339,600).
- About 59% of homes were built before 1980. Many insurance companies ask for a 4-point inspection (roof, electrical, plumbing, heating and air) on older homes, so plan for it early.
At a typical Merritt Island price of about $405,000, Florida's deed tax is $2,835 and the owner's title policy is about $2,100. Typical value here is 4.3 times the typical household income, compared with 4.3 for the county.
Merritt Island next to its neighbors
Of its closest neighbors, Rockledge is valued lower than Merritt Island.