How Much Does Buying or Selling a Home in Davie Cost?
Buying or selling a home in Davie usually costs less than people expect on the buying side and more than they expect on the selling side. As a general rule in Broward County, buyers budget roughly 2% to 5% of the purchase price in closing costs, while sellers commonly see 6% to 9% of the sale price in total costs once commission, Florida transfer taxes and title work are added up. Below are the 8 cost categories that actually make up those numbers here, and who normally pays each one.
- Davie buyers typically plan for about 2% to 5% of the price in closing costs; sellers typically plan for about 6% to 9%.
- Florida charges $0.70 per $100 of the sale price in documentary stamp tax on the deed, which in Broward is customarily a seller cost.
- In Broward County the seller customarily pays for the owner's title insurance policy and picks the closing agent - the opposite of the Miami-Dade custom.
- Financing adds its own state taxes: $0.35 per $100 on the note plus a 2-mill intangible tax on the mortgage.
- Larger Davie lots, well and septic systems, and equestrian outbuildings can add inspection line items you would not have on a standard subdivision home.
1. Real estate commission, now negotiated on both sides
Commission is the single largest line item in most Davie sales, and since the industry rule changes that took effect in August 2024 it is negotiated and documented separately for each side. Sellers agree to a listing fee in writing with their listing brokerage, and buyers now sign a written buyer representation agreement that states what their agent is paid before touring homes. Whether the seller contributes toward the buyer's agent fee is a negotiated term of the contract, not an automatic number. Ask for the figure in writing early, because it drives every other estimate on the sheet.
2. Florida documentary stamp tax on the deed
Florida taxes the transfer of the deed itself at $0.70 per $100 of the sale price in every county except Miami-Dade, which uses a different rate and surtax. On a $650,000 Davie sale that is about $4,550. In Broward County this is customarily a seller expense, though like everything in a contract it can be shifted by agreement. It is charged on the price, not on your equity, so it does not shrink because you still owe on the mortgage.
3. Title insurance and closing services in Broward
Title insurance premiums in Florida are promulgated by the state, so the rate does not change from company to company: $5.75 per $1,000 of coverage up to $100,000, then $5.00 per $1,000 from $100,000 to $1 million. The local custom matters more than the rate. In Broward County the seller customarily pays for the owner's title policy and selects the closing agent, while in Miami-Dade that responsibility customarily falls to the buyer. If you are moving between counties, that single difference can swing several thousand dollars, which is why we walk through it before an offer is written rather than at the closing table.
4. Lender costs if you are financing
A mortgage brings its own Florida taxes on top of the lender's own charges. Expect $0.35 per $100 on the promissory note plus a 2-mill intangible tax on the mortgage (that is $2 per $1,000 borrowed), both typically paid by the buyer. On the lender side you are looking at the usual set of items:
- Origination or underwriting fees, which vary widely by lender
- Appraisal, generally a few hundred dollars and higher on large or unusual properties
- Credit report, flood certification and recording of the mortgage
- Prepaid interest, plus escrow deposits for taxes and insurance
Comparing lender fee sheets side by side is where buyers most often find real savings, and we coordinate with lending partners so the numbers arrive early enough to compare.
5. Property taxes, prorations and the reset after closing
Taxes are prorated at closing, so the seller pays for their share of the year and the buyer takes it from there. The bigger cost surprise is what happens the year after you buy: Save Our Homes caps annual assessment increases for a homesteaded owner, but that cap resets when the property changes hands, so the new owner's tax bill can be meaningfully higher than the one shown on the listing. Florida's homestead exemption and portability of accrued savings can offset a good part of that for an owner-occupant who is moving within the state. Confirm your specific numbers with the Broward County Property Appraiser and your own tax professional before you rely on them.
6. HOA and community association fees
If the home sits in an association, budget for an estoppel certificate, which Florida law caps at $299 for a standard request delivered on time and allows to run higher if it is expedited or the account is delinquent. Buyers should also expect application and transfer fees, which Florida caps in many communities, and in some newer neighborhoods a one-time capital contribution that is not capped at all. Request the association's full fee schedule and current budget as soon as you are under contract, not the week of closing.
7. Insurance, wind coverage and flood
Insurance is a carrying cost, but it belongs in your buying budget because lenders require the first year to be paid at closing. In Broward County that usually means a homeowners policy with a separate hurricane deductible, and often flood insurance depending on the flood zone. If the property is in a mapped high-risk zone, an elevation certificate can materially change the flood premium, so it is worth locating whether one already exists for the property before you pay for a new one.
8. Inspections and pre-sale preparation
Davie is not a uniform subdivision market, and inspection costs follow the property. Larger lots, agricultural and equestrian zoning, and older ranch-style homes mean some properties need line items a townhouse never would:
- Septic system and drainfield inspection where there is no sewer connection
- Well and water quality testing on properties not on city water
- Barns, stables, sheds and other outbuildings inspected separately from the house
- Roof, four-point and WDO (termite) reports on older homes
On the selling side, targeted preparation is usually cheaper than a price reduction. Kitchens, bathrooms and exterior curb appeal are where home renovation work tends to return the most on a Broward listing, and we help owners decide what is worth doing and what is not.
Quick reference: who customarily pays what in Broward
| Cost | Customarily paid by | Basis |
|---|---|---|
| Deed doc stamps | Seller | $0.70 per $100 of price |
| Owner's title policy | Seller | State-set rate on price |
| Note doc stamps | Buyer | $0.35 per $100 borrowed |
| Intangible tax | Buyer | $2 per $1,000 borrowed |
| Inspections | Buyer | Per report ordered |
| Estoppel certificate | Seller (typically) | Capped by Florida statute |
Rates above come from Florida's documentary stamp and intangible tax statutes and the state's promulgated title insurance rates. Customs are Broward County norms and are always negotiable in the contract.
Putting a real number on your own move
None of these figures are guesses once your property and price are on the table - they are arithmetic. The right first step is a written net sheet if you are selling, or a full cost estimate if you are buying, built on the actual address, association and loan amount rather than a percentage rule of thumb. We work across Davie, Cooper City, Weston, Sunrise, Pembroke Pines, Fort Lauderdale and Miami, so we can also tell you where the county customs change on you mid-move.
Talk to Dgani Group about residential real estate buying and selling in Davie, and we will put your actual numbers on paper before you commit to anything. If you are weighing a purchase as a rental instead, our investment property guidance covers the carrying costs too. Reach out through our contact page to get started.