Seller’s typically pay for the owner’s title insurance policy in Arizona, according to AZ Flat Fee, an MLS listing company.Īctual costs depend on your location, the insurance provider, and the price of your home. The average cost of owner’s title insurance in Arizona is $1,492, costing slightly more than the national average of $1,071. Here’s a list of the potential closing costs in Arizona. Seller closing costs typically add another 1.0% or more to your home’s final sale price, according to our data.īased on the average Arizona home value of $405,983, sellers pay $3,571 in closing costs. How much are closing costs in Arizona? (1.0%)
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» LEARN: How to negotiate lower realtor fees 2. Some agents won’t budge on commission, but others may be willing to take a small cut. You can technically ask a realtor for a lower commission rate.įor the best results, shop around and meet with multiple agents, and get them to compete for your business. There’s no law regulating realtor commissions in Arizona or any other state. We highly recommend consulting with a local attorney, realtor, or broker for more guidance before deciding. Selling without an agent is risky, with no guarantee of savings. You’ll need to pay for a flat-fee MLS service to get it posted there and reach more potential buyers. Your home won’t be posted on the multiple listing service, which nearly every agent uses to market properties.That includes marketing and listing your home online, handling showing requests, and filling out important paperwork. You’re in charge of everything, handling all of the duties and tasks that a realtor normally takes care of.Studies show that FSBO homes sell for up to 26% less than agent-listed homes.However, selling FSBO in Arizona comes with a few major drawbacks: You can avoid paying Arizona listing commission entirely by selling “for sale by owner.” It could save you 2.80% off of your home sale.
» MORE: Clever Real Estate Review List your home without a realtor There’s no cost or obligation to use any agent you get matched with, so it’s worth starting your search here. Some companies also provide sellers with discounted rates.įor example, Clever Real Estate has pre-negotiated a listing fee of just 1.5%, compared to the average Arizona listing agent commission rate of 2.80%. How to save on Arizona home sale costs Use an agent matching serviceĪn agent matching service connects Arizona sellers with top-rated local agents. The good news is that listing agent commission is completely negotiable, and you can either shop around to save or negotiate a lower rate with an agent. This means that Arizona sellers pay an average of $22,045 per sale, split between the listing agent ($11,368) and the buyer’s agent ($10,677). That covers both the listing agent and buyer’s agent commission.
Realtor commission covers all of the services provided by your agent and gets paid out at closing.Īrizona home sellers pay an average of 5.43% of the home’s sale price. Arizona real estate agent commission (5.43%) Here’s a closer look at your expected home sale costs. Home buyers might request you to pay for part or all of their closing costs, to cover the cost of a home warranty, or for repair credits. You may or may not need to pay other expenses to sell your home, like home staging, major home repairs and improvements, and a deep cleaning service. You can potentially save thousands in Arizona realtor fees by connecting with an agent through an agent matching service.įor example, Clever Real Estate has pre-negotiated a 1.5% listing agent fee with agents in its network – much lower than the Arizona average listing commission rate of 2.71%. Arizona home sellers typically cover both the listing agent and buyer’s agent commission. While Arizona has a state-wide average rate of 5.43%, rates may be higher or lower depending on your local market.
Factors impacting Arizona home sale costs include: Typical realtor commission rates in your area
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