Selling cost of STR in Kissimmee, FL

Member since 2023 · 12 posts · 3 votes

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?

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Ryan MoyerBusiness Member

Property Manager · Orlando Kissimmee Davenport Salt Lake City, Park City · Member since 2019 · 991 posts · 1k+ votes

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.

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David Atis
Lender · Nationwide · Member since 2018 · 69 posts · 32 votes
1y
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.
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- Ryan MoyerBusiness Member
  Property Manager · Orlando Kissimmee Davenport Salt Lake City, Park City · Member since 2019 · 991 posts · 1k+ votes
  1y
  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.
  Cosmic Vacations4.9172 Reviews
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David Atis
Lender · Nationwide · Member since 2018 · 69 posts · 32 votes
1y
@Ryan Moyer I suggest to get a quote from title companies to determine what the costs are. Prior to posting, I reviewed a number of Alta settlement statements from my clients that closed not only in Osceola county but also in Orange and Seminole counties, so my figures are from closings that happened in the first quarter of 2025. If you need help getting estimates just send me a DM, and I can refer you to some title companies we've worked with to get some quotes when selling in those counties. Glad to be a resource for you!
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Tyler GibsonBusiness Member
Real Estate Agent · Orlando, FL · Member since 2017 · 1k+ posts · 2k+ votes
1y
Quote from @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?

Commissions would vary based off of what real estate service you use for the sale. As far as other closing costs are concerned, you will have your closing fees from the title company. I have the ability to provide you a netsheet from the title company that I've used which would provide you all of your closing costs.
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