Cost of selling a house in Arizona
When you’re selling your home, it’s easy to focus solely on how much money you stand to make. But as they say, you have to spend money to make money — in other words, selling a house isn’t all profit. Don’t forget about the closing costs and unexpected expenses that eat into your net proceeds, leaving you with less in your pocket than you might have thought. If you’re thinking about selling your house in Arizona, here’s what you should know.
Seller’s closing costs
Closing costs are all the various expenses you must pay in order to finalize a real estate transaction. They are due at closing (hence the name) and cover everything from title insurance to attorney fees. Both the buyer and seller each have their own set of closing costs.
Closing costs in Arizona average about 1.2 percent of the home’s sale price (not including real estate commissions), according to data from CoreLogic’s ClosingCorp. But that’s not all paid for by the seller. Some common closing costs for sellers include:
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