Arizona Seller Closing Costs Calculator

22 hours ago 5

How to use our Arizona Seller Closing Cost Calculator

This free calculator can help home sellers in Arizona estimate their closing costs and net proceeds. To get a ballpark idea of the cost of selling a house in Arizona, enter the information for each of the input fields. You can learn more about these expenses below.

Home Selling Price

Enter the approximate selling price of your home. For a preliminary estimate, you can use HomeLight’s Home Value Estimator. To get a more accurate price, reach out to a top Arizona real estate agent and request a Comparative Market Analysis (CMA), a detailed report that estimates the market value of a property by comparing it to recently sold similar properties in the same area.

Visit this HomeLight map link to see recently sold homes in Arizona.

Mortgage Payoff Amount

Enter your estimated mortgage payoff amount. To find your exact payoff amount, check your latest mortgage statement or contact your mortgage servicer. The payoff amount typically includes the remaining principal balance, accrued interest, and any outstanding fees.

According to the credit experts at Experian, the average mortgage balance for Arizona homeowners is $269,414.

Listing Agent Fee

If you are working with a real estate agent to sell your home, enter the commission rate you expect to pay. A typical listing agent commission is 2.5% to 3% of the home’s selling price. For example, on a $500,000 home, your agent’s fee might range from $12,500 to $15,000.

While this might initially seem like a lot, you’ll typically come out financially ahead when you use an agent compared to taking the for-sale-by-owner (FSBO) route. According to the latest report from the National Association of Realtors (NAR), FSBO homes sell for a median of $380,000. In contrast, agent-assisted homes sell for a median of $435,000 — a $55,000 difference in proceeds.

See more FSBO statistics at this HomeLight post.

Buyer’s Agent Fee

This fee is the commission paid to the agent representing the buyer in a transaction. In the past, sellers were expected to cover both the listing agent and the buyer’s agent fees. However, following a landmark court settlement by the NAR, buyers are now expected to negotiate compensation directly with their own agents.

As a seller, if you are offering to pay this fee to attract or assist buyers, enter your estimated percentage into the Arizona Seller Closing Cost Calculator. Most buyer’s agent commissions fall between 2.5% and 3%.

Detailed Closing Costs

Both the buyer and the seller pay closing costs in Arizona, which include various fees and expenses required to close a real estate transaction. As a seller, your closing costs will likely be deducted directly from your home sale proceeds.

In this part of the calculator, you can expand the optional Detailed Closing Costs fields and scroll down to enter any of the following expenses you expect to pay:

Home Sale Preparations: Costs related to getting your home ready to list, such as cleaning, staging, landscaping or other curb appeal efforts.
Renovations/Repairs: Expenses for fixing or updating your property before or during the sale to meet buyer expectations or inspection requests.
Title Service Fees: Charges for the title company’s work to verify legal ownership and help manage the transfer of the property.
Owner’s Title Insurance: A one-time insurance premium paid by the seller in most states to protect the buyer from title issues or ownership disputes. The cost can range from a few hundred to a couple of thousand dollars. (This is different from a buyer’s lender title insurance policy.)
Transfer Taxes: Arizona does not impose a state transfer tax on real estate transactions. However, we’ve included this field because some counties or municipalities might impose a fee on certain sales.
Recording Fees: Fees paid to the local government to officially record the change in property ownership. These fees typical run $50-$150.
Buyer Incentives: Credits or financial concessions you can offer to attract buyers or help close the deal. See examples of seller concessions at this link.
Other Costs: Miscellaneous expenses not covered in other categories, such as attorney fees, HOA transfers, or mail-away closing costs.
Moving Expenses: While not technically a closing cost, we’ve included this optional expanse to help you in your budgeting and moving plans. Movers usually costs anywhere between $883 and $2,567, but an out-of-state move may cost as much as $7,000.

Ways to reduce seller closing costs in Arizona

Here are some was you might be able to avoid or reduce your seller closing costs:

Negotiate buyer incentives: Avoid offering unnecessary credits or concessions unless they’re essential to closing the deal.
Skip non-essential upgrades: Focus on low-cost, high-impact improvements instead of major renovations that may not yield a return.
Shop around for title services: Title companies set their own fees, so getting multiple quotes can lead to savings.
Limit staging costs: Use DIY staging tips or virtual staging instead of full-service professional providers.
Ask your agent about bundled services: Some agents offer discounts when using their recommended vendors for legal, title, or escrow services.
Time your move strategically: Consolidate moving trips or move during off-peak days to reduce professional moving costs.
Compare agent commission rates: Interview multiple agents to find competitive rates or consider lower-commission or discount services. However, a discount agent may mean discount results.
Partner with a top agent: Getting more money for your home can offset your closing costs. Our data shows that the top 5% of real estate agents sell homes for as much as 10% more than average agents.

How to buy before you sell

Most sellers are also buyers looking to purchase a new home. But timing of your sale can put you in a buy-sell conundrum — you need the proceeds from you current home to buy your new one. Fortunately, there are modern solutions that allow you to unlock the equity in your current home to streamline and simplify the entire process.

With HomeLight’s Buy Before You sell program, you can make a non-contingent offer on your new home and only move once. Watch the short video below to learn more.