Guide · Updated

How to sell your condo or home in Miami

A good sale starts with a realistic price and clean paperwork. This guide shows the usual steps and costs, so you know what to expect before you list.

1. Price it right

Your agent prepares a comparative market analysis from recent sales and active competition in your building or area. A price that is too high can leave the listing sitting and force a bigger reduction later.

2. Prepare the property and documents

Tidy and repair the unit, take professional photos and, for a condo, request the association documents early because buyers' attorneys and lenders will ask for them.

3. List and market

The property goes on the MLS, on major portals and in targeted marketing, including English and Russian audiences. Open houses and private showings follow.

4. Offers, inspection and closing

You negotiate the price, deposit, inspection period and closing date. A cash buyer can close in a few weeks, a financed buyer usually needs 30–45 days.

5. Costs and taxes

Typical costs are agent compensation (negotiated), documentary stamp tax on the deed, title costs and any unpaid HOA. Foreign sellers are generally subject to FIRPTA withholding at closing, which can often be reduced with proper filings. Confirm every figure with a CPA or attorney.

This guide is general information, not legal or tax advice. Laws and programs change — confirm details with a Florida attorney and a US tax professional.

FAQ

Questions I hear every week

It depends on price, condition and building. A realistic price shortens the time; closing takes a few weeks to about 45 days after the contract.

Agent compensation, documentary stamp tax, title costs and any unpaid HOA. Ask for a net sheet before you list.

Yes. Expect FIRPTA withholding at closing and talk to a CPA about reducing it.

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