Selling cost of STR in Kissimmee, FL

[Dawn Harris]

We have STR that is doing fairly well. We may be planning to sell it. What are the approximate costs involved (commissions etc) in the process?

[Ryan Moyer]

Quote from @David Atis:

Congrats on having a successful STR! If you're planning to sell, here are the main costs to consider:

Agent Commissions – Typically 5-6% of the sale price (split between the buyer’s and seller’s agents).
Closing Costs – Usually 1-3% of the sale price, covering title fees, escrow fees, and transfer taxes.
Capital Gains Taxes – If you’ve owned the property for less than a year, you may owe short-term capital gains tax (taxed as regular income). If it’s been over a year, you’ll likely owe long-term capital gains tax, which is lower. A 1031 exchange could help defer taxes if you’re reinvesting in another property.
Repairs & Staging – Pre-sale touch-ups, deep cleaning, and staging can help maximize value but come with upfront costs.
Loan Payoff & Prepayment Penalties – If you have a mortgage, check if there are any prepayment penalties.

If your STR is cash-flowing well, it might also be attractive to another investor looking for a turnkey rental. You could explore off-market sales to avoid full commission costs.

 Fwiw I think closing costs are way higher than 1-3% in Florida.  There are all kinds of ridiculous taxes and fees when closing in Florida.  Document stamp fee.  Document stamp tax.  Document stamp estate fee.  Document stamp estate tax.  And on and on.