Selling a Home in Jupiter, FL? Here's What You'll Actually Keep

The sale price of your Jupiter home is not the number that matters. The number that matters is what you actually keep after every cost has been paid. Most sellers are surprised, and often disappointed, when they see the full accounting. I walk through the complete breakdown of net proceeds for a Jupiter home sale so you know exactly what to expect before you list.

The Costs That Come Out at Closing

In Florida, sellers typically pay several costs at closing. Real estate commission is typically 5 to 6 percent of the sale price, though this is negotiable. Documentary stamp taxes on the deed are 70 cents per $100 of sale price in Palm Beach County. For title insurance, the seller traditionally pays for the owner policy in Palm Beach County, which runs roughly 0.5 to 0.6 percent of the sale price. Any outstanding liens, HOA fees, or assessments also need to be cleared at closing.

On a $1.5 million Jupiter home, these costs alone can total $90,000 to $110,000 before you factor in anything else.

Pre Closing Costs That Reduce Your Net

Before you even get to closing, there are costs that reduce your net proceeds. Pre listing repairs and staging. Carrying costs during the listing period including mortgage payments, insurance, property taxes, HOA dues, and utilities. If your home sits for 90 days, you have paid three months of carrying costs on top of everything else.

If the buyer inspection reveals issues, you will likely face repair credits or price reductions as part of the negotiation. Budget for this.

Capital Gains Considerations

If you have owned and lived in the property for at least two of the last five years, the IRS allows you to exclude up to $250,000 of capital gains from taxation. That is $500,000 for married couples filing jointly. For many Jupiter sellers who bought before 2020, the appreciation since purchase may push gains above this exclusion threshold. Consult your CPA before closing. The tax implications can be significant.

What You Actually Keep

On a $1.5 million sale with a $600,000 remaining mortgage, after commissions, closing costs, and carrying costs, a seller might net $750,000 to $800,000 in cash before any capital gains tax. That is the number you should be planning around, not the $1.5 million headline.

If you want a precise net proceeds estimate for your specific Jupiter property before you decide to sell, reach out directly. Knowing your real number changes the decision calculus significantly.

Kyle Camerlinck | Taiter Realty
Jupiter, FL Luxury Real Estate
Find Out What Your Home Is Worth