Micco · Selling guide

Selling a home in Micco

What happens, in order, and what it costs. No jargon.

$172,600typical Micco home value

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Micco is the southernmost community in Brevard, near the Indian River County line.

The steps

1. Know your number. Your agent compares recent Micco sales to set a price. Check what you still owe on your mortgage, so you know what you'd keep.
2. Get the home ready. Fix small things buyers notice: leaks, lights, paint. A clean, bright home photographs better.
3. Tell the truth about the home. Florida requires sellers to share known problems that affect the value and aren't easy to see. Homes built before 1978 also need a lead paint disclosure.
4. List it and show it. Photos, listing, showings. In CloseHive you see every showing and can block times that don't work.
5. Choose an offer. Look at more than the price: the loan type, the inspection period and the closing date. CloseHive lays offers side by side, with what you'd keep from each.
6. Inspection and appraisal. The buyer inspects; the lender's appraiser checks the price. Repairs or credits get agreed in writing.
7. Closing day. The title company pays off your mortgage, pays the costs, and sends you the rest.

Micco in numbers

• The typical home here is valued at about $172,600, which is 49% lower than Brevard County as a whole ($339,600).
• The typical home here was built around 1987, about 39 years ago. Ask about the roof's age early, because Florida insurers look at it closely.
• 92% 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.
• Owners with a mortgage pay about $1,321 a month in housing costs, $109 less than typical rent ($1,430). Many of those owners bought years ago at lower prices, so today's buyers often pay more.

At a typical Micco price of about $175,000, Florida's deed tax is $1,225 and the owner's title policy is about $950. Typical value here is 3.8 times the typical household income, compared with 4.3 for the county.

Micco next to its neighbors

Micco is valued lower than all three of its closest neighbors, so your money may go further here.

Florida costs, in plain words

• Deed tax (documentary stamps): 70 cents per $100 of the price. In Brevard County the seller usually pays it.
• Owner's title insurance: protects the buyer if someone later claims the home. Florida sets the price. In Brevard County the seller usually pays it.
• Agent pay: what you pay agents is always negotiable. You agree to it in writing before you list.
• Property taxes: Florida bills them at the end of the year, so you credit the buyer for the days you owned the home this year.