Palm Shores · Selling guide
Selling a home in Palm Shores
What happens, in order, and what it costs. No jargon.
Free · Agents who know Palm Shores · Every step in one app
Palm Shores is one of the smallest towns in Brevard, between Melbourne and Viera.
The steps
- Know your number. Your agent compares recent Palm Shores sales to set a price. Check what you still owe on your mortgage, so you know what you'd keep.
- Get the home ready. Fix small things buyers notice: leaks, lights, paint. A clean, bright home photographs better.
- Tell the truth about the home. Florida requires sellers to share known problems that affect the value and aren't easy to see.
- List it and show it. Photos, listing, showings. In CloseHive you see every showing and can block times that don't work.
- 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.
- Inspection and appraisal. The buyer inspects; the lender's appraiser checks the price. Repairs or credits get agreed in writing.
- Closing day. The title company pays off your mortgage, pays the costs, and sends you the rest.
Palm Shores in numbers
- The typical home here is valued at about $351,600, close to Brevard County as a whole ($339,600).
- The typical home here was built around 1997, about 29 years ago. Ask about the roof's age early, because Florida insurers look at it closely.
- 88% 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 Palm Shores 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 Palm Shores price of about $350,000, Florida's deed tax is $2,450 and the owner's title policy is about $1,825. Typical value here is 4.5 times the typical household income, compared with 4.3 for the county.
Palm Shores next to its neighbors
Palm Shores 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.
Questions sellers ask
Who pays closing costs when selling a home in Palm Shores?
In Brevard County the seller usually pays the deed tax (70 cents per $100 of the price) and the buyer's owner's title insurance policy. The buyer usually pays their loan costs. Everything is negotiable in the contract.
How much is the deed tax on a $350,000 home in Florida?
Florida's documentary stamp tax on a deed is 70 cents per $100 of the price, so about $2,450 on a $350,000 home.
Do I have to tell buyers about problems with my home in Florida?
Yes. Florida law requires sellers to tell buyers about known problems that materially affect the value and are not easy to see. Homes built before 1978 also need a federal lead paint disclosure.