What Are the Closing Costs for Selling My Home in Coral Gables?
October 27, 2025What are the closing costs for selling my home in Coral Gables?
Closing costs for sellers in Coral Gables typically range from 6% to 8% of the home’s final sale price, covering agent commissions, title fees, transfer taxes, and other expenses. Riley Smith Group can help you understand your net proceeds before you list.
Understanding Seller Closing Costs in Coral Gables
If you’re planning to sell your home in Coral Gables, it’s essential to understand what you’ll walk away with after the sale. That means calculating your net proceeds — and that starts with knowing your closing costs.
Closing costs are the final expenses paid at the end of a real estate transaction. While buyers typically cover more in financing-related fees, sellers are responsible for the majority of transactional costs in Miami-Dade County, including the largest one: commissions.
Let’s break it down.
Typical Closing Costs for Coral Gables Home Sellers
Here’s a general overview of what you can expect:
| Closing Cost Item | Typical Cost |
|---|---|
| Real Estate Agent Commission | 5%–6% of sale price (split between agents) |
| Title Insurance (Owner’s Policy) | Varies based on sale price (approx. $5.75 per $1,000 up to $100,000, then $5 per $1,000 thereafter) |
| Doc Stamps on Deed | $0.60 per $100 of sale price (Miami-Dade rate) |
| Title Search / Settlement Fees | $500–$1,000+ (can vary by title company) |
| HOA/Condo Estoppel Fees | $250–$500 (if applicable) |
| Lien Search | $150–$250 |
| Courier / Wire / Misc. Fees | $100–$300 |
| Attorney Fees (optional) | $500–$1,500 (if using legal representation) |
| Repairs or Concessions | Varies — negotiated during inspection period |
Estimated Total: 6%–8% of your home’s final sale price
Riley Smith Group always provides a custom net sheet to help you understand exactly what you’ll pay — and what you’ll keep.
Who Pays What in Coral Gables?
In Miami-Dade County (which includes Coral Gables), it’s customary for the seller to pay for the owner’s title insurance policy, unless otherwise negotiated. This is different from many other Florida counties where the buyer pays.
Other seller-paid costs typically include:
- Title and settlement fees
- Transfer taxes (documentary stamps)
- Commission to listing and buyer’s agent
The buyer usually covers:
- Loan-related fees
- Appraisal
- Inspection
- Lender’s title insurance policy
How Commissions Work
Commissions are the largest seller expense — and often the most misunderstood.
- In most Coral Gables transactions, 6% of the sale price is allocated for commissions.
- This is split between the listing agent (Riley Smith Group) and the buyer’s agent.
- Commissions are paid only when the home closes — there are no upfront fees.
What do you get for that? When you work with Riley Smith Group, your commission includes:
- Full-service pricing strategy and valuation
- Professional photography and video
- Compass-exclusive marketing tools
- Off-market promotion
- On-call agent support and transaction coordination
- Expert negotiation and closing guidance
With over $2B in lifetime sales and 2,500+ transactions closed, Riley Smith Group has proven how the right marketing and network can boost your final sale price — more than covering your commission expense.
How to Reduce Surprises at Closing
✅ Get a Net Sheet Early
Before you list, we’ll help you calculate exactly what you can expect in closing costs and net proceeds. No guesswork — just real numbers.
✅ Address Repairs Ahead of Time
If you know your home needs work, consider fixing issues before listing. You’ll have more control over the cost and outcome, rather than negotiating concessions later.
✅ Know Your HOA Rules
If your home is in a gated community or condo, find out about estoppel fees, capital contributions, or other closing-related charges ahead of time.
Real Examples From the Riley Smith Group
- North Gables Listing: We helped the seller estimate $86,000 in closing costs on a $1.6M sale — and they walked away with a full-price offer and clear expectations.
- Off-Market Coconut Grove Sale: The seller didn’t expect HOA estoppel fees or lien searches to slow the process. We managed all communication with the title company and HOA to ensure a smooth and surprise-free closing.
- Divorce-Related Sale in Coral Gables: Closing costs were split between parties, and our transaction team coordinated everything with the attorneys to minimize stress and confusion.
Final Thought: Closing Costs Are Just One Piece
Knowing your closing costs helps you plan, but it’s just one part of the puzzle. What really matters is your net — and that depends on pricing, timing, negotiation, and marketing.
That’s where Riley Smith Group makes all the difference.
Want to know what you’d actually walk away with if you sold your Coral Gables home today?
Let’s create a custom net sheet and strategy tailored to your property, your timeline, and your goals.
