30 min read Sep 30, 2022

Selling A House In Arizona: Here’s What You NEED to Know

✍️ Editor’s Note: Houzeo is America’s most advanced home selling website. Houzeo covers all major Arizona MLS’ to give you maximum exposure for the lowest flat fee when selling your house in Arizona.

» SAVE: Arizonians have listed $110 million worth of properties on Houzeo.com so far. Start your FREE listing NOW!
Selling a House in Arizona

Home values in the Grand Canyon state have increased by 29.9% in the last year. Real estate commissions also have reached record levels.

Most of the Arizona housing market is a hot seller’s market. This guide summarizes key steps to selling your home in Arizona.

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1. Best Time To Sell A House In Arizona

Selling your house at the right time can fetch you the best possible price. In Arizona, March to June are considered to be the best months for buying and selling properties. But this varies across the state. For instance, in Phoenix, by selling your home in November you can get up to 5.55% more than the annual average selling price.

» Best Time to Sell a House in Arizona: Know When’s The Best Time to Sell a House in Arizona.

2. Price Your Home Competitively

As a seller, pricing your property right is important. It is also important to keep in mind that the price you list your home at determines the popularity of your listing and brings in foot traffic. The list price itself doesn’t determine what your sale price should be.

REMEMBER! The purpose of the LIST PRICE is to ATTRACT BUYERS to your listing. Your LIST PRICE is not your SALE PRICE!!!

What happens if you under-price or over-price your listing?

If you price it too lowIt is most likely that you will get multiple offers. You’ll likely go for “Highest & Best Offer” or counter the best offers to finalize the sale price with the buyer. And you will sell at market price
If you price it too highYou will get little traffic. It’ll make you drop the price, and you will sell at the market price

Regardless of whether you price it too high, or too low, you’ll likely sell it at the right market price. Real estate professionals will typically price the home just a tad bit lower to attract buyers and get multiple offers. It’s likely that multiple offer situations if handled right can even drive up your final sale price above the market price of that property.

Real estate agents in Arizona create what’s called a Comparative Market Analysis (CMA) to determine what’s an ideal listing price for a property. If you are opting for “for sale by owner” (FSBO) then you can easily create your CMA with Zillow and Redfin and understand how to sell a house in Arizona by owner or any other state works.

» More: How to Price Your Home For Sale in 6 Steps

3. Options For Selling Your House In Arizona

You have various pathways when it comes to selling your home in Arizona. Selecting the right one at the right time can help you save thousands of dollars.

Option 1: Sell Your Home For Sale By Owner

One way to bypass the hefty Realtor commissions in the state of Arizona is to sell your house For Sale By Owner (FSBO). It is a DIY approach with no listing agent involved. Sellers have maximum control over the entire process but have to handle all the paperwork with no oversight.

The idea of selling your home in Arizona FSBO has its drawbacks. Though you save up on the commission money, you will have to handle everything – listing, marketing, negotiations, closings, etc. – on your own.

» For Sale By Owner WebsitesCheck out the best For Sale By Owner websites in 2022!

🚩 Key Downsides of Selling Your Home FSBO:

  • No MLS Exposure: MLS is the most important tool an agent has. Selling FSBO means limited exposure, so there will be less competition for your property. That will likely reduce the selling price. One study found that homes on the MLS sold for 17% more than homes, not on the MLS.
  • No Help If You Need It: If you need help with paperwork, inspections, negotiations, or closing, you’re on your own as an FSBO.

Option 2: List With A Traditional Full-Service Agent

You can always hire a full-service agent to help you sell your home. From listing to closing, the agent will help you with everything. But of course, you’ll be paying a full 2.7% to 3.5% buyer agent commission. And even if you find an unrepresented buyer, you’re still on the hook for the full commission.

🚩 Key Downsides of Listing With a Traditional Full-Service Agent:

  • Hefty Commissions Will Cost You Thousands: Average real estate agent commission in Arizona are 5.3% to 6%. That’s thousands of dollars of fees in commissions.
  • Limited Control Over Your Sale: Everything will go through an agent. That reduces the risk that you will do something wrong, but will also limit the control you have over your transaction. For almost everything, including if a counteroffer was submitted, the status of your closing, and how many showings you’ve had, you’ll have to reach out to your agent.
  • Slow & Manual Process: Most real estate agents in Arizona do things manually. A simple price change is several steps – the agent has to talk to you over the phone, create a price amendment, get you to sign it, then they sign it, and only then can they update the price on the MLS.

Best Option: For Sale By Owner with a Flat Fee MLS Listing

The average realtor commission in Arizona is around $ 25,000. Listing with a high-tech website like Houzeo.com saves you the listing agent commission. In addition, it gets you maximum exposure to the MLS and helps whenever you need it.

A Flat Fee MLS Listing Service Combines the Best of Both Worlds:

  • Save Thousands in Commission: Instead of paying a 5% to 6% listing agent commission, you just pay a $300 listing fee.
  • Maximum Exposure: You get full exposure to the MLS, Zillow, Realtor.com, Redfin, and hundreds of other websites.
  • Help When You Need It: Services like Houzeo.com offer the “Contract to Close Coaching Package”. So if you need help during the transaction at any time, a licensed broker is there to help you sell!
  • Full Control Over Your Sale: You retain full control over when to sell and who to sell. Houzeo captures all leads and displays them on your dashboard. All offers and showings are summarized online, along with the buyer’s or their agent’s contact info. It doesn’t get easier.
  • Fast Listing & Changes: Houzeo is 100% online, and allows you to request changes instantly. Contracts are auto-generated, and turn-around times are fast!
  • A-la-carte Options: Need a yard sign, ShowingTime, lockbox? You can purchase them easily from your Houzeo dashboard!

Best Flat Fee MLS Listing Company In Arizona

🔥 BEST FLAT FEE MLS LISTING SERVICE

Houzeo.com

Houzeo Logo
  • Listing Fee: $349
  • Available nationwide
  • 4.75 Stars 4.9/5 (3,280 reviews)

Houzeo, an online real estate tech company, provides an unbeatable combination of maximum savings, cutting-edge technology, and 5-star customer support.

💰 Save Thousands on Commission: Houzeo’s plans are typically a small flat fee. This will save you thousands. If your buyer is unrepresented, you save the buyer agent commission as well.

📣 Maximum Exposure: Listings get syndicated to the MLS, Zillow, Realtor.com, Redfin, Trulia, and hundreds of other websites. Houzeo also has nifty social media sharing tools. No other platform gives you this much exposure.

Fast Listing & Changes: Houzeo is 100% online. Listing is easy and changes are fast. So you can focus on what is most important – your sale.

⭐ 5-Star Customer Support: Home sellers across America have rated Houzeo 4.9 out of 5 stars on major review sites like Google and Trustpilot. There is comfort in the fact that when you call, there is a live person picking up the phone on the other line.

📱 Cutting-edge Technology: Houzeo is the most powerful real estate website. Its advanced features include:

  • IntelliList Listing Management System: Lets you manage your listing 100% online.
  • Houzeo Showings: Manage showing appointments online.
  • Houzeo Offers: All offers are summarized online. You can view and compare offers, or counter an offer. In a multiple-offer situation, you can also call for highest and best offers.
  • Buyer Search: Buyers can contact you directly on Houzeo.com instead of going through a real estate agent.
  • Houzeo Settlement Agent Platform: Guides you to your closing.

👉 Our Take: Houzeo.com is our top pick because it delivers an unbeatable combination of savings, tech features, and service of any flat fee MLS listing service website we’ve reviewed.

» Houzeo Reviews: Houzeo is 100% online. You can finish the listing formalities in less than 60 mins.

  • Nationwide coverage.
  • Listings get syndicated to Zillow, Realtor.com, Trulia, Redfin, and 100s of other sites.
  • Quick listing (within a day with concierge).
  • Savings on commissions.
  • 100% online – easy listing, fast changes, online showings, and online offers.
  • Mobile app availability.

Houzeo has a 4.9 out of 5 rating on Google & Trustpilot.

Houzeo is available nationwide.

» Flat Fee MLS Arizona: Research Best Flat Fee MLS Companies in Arizona.

Option 3: Other Discount Real Estate Brokers

Apart from Flat Fee MLS Listing Companies, there are three other types of discount real estate brokers you can choose from.

Flat Rate Brokers

A Flat Rate is a fixed amount the seller pays the broker. Flat rate brokers are predominantly full-service brokers. They handle everything from listing to closing. These fees are fixed and do not change as per your home’s services or the selling price.

A flat rate is perfect for homes priced on the higher end. Let’s say your house is valued at $450,000 and you pick a flat-rate pricing model of a $3500 listing fee. If you opt for the traditional agent route, you would have to pay a realtor commission of around $27,000. 

Apart from the buyer agent commission, you will also be responsible for concessions, escrow fees, and warranties. 

Our Top Pick For Flat Rate Brokers

BEST FLAT RATE COMPANY IN ARIZONA

AZ Flat Fee

logo image
  • Fee: $3,500
  • Limited Coverage in Arizona
  • 5 star rating

AZ Flat Fee is a flat rate company based locally in Arizona. They offer all their services at a flat rate of $3,500. This takes care of all your requirements when selling a house in Arizona – right from listing to closing.

🤝 Get In Touch: Home sellers can contact them via email, text, etc., or book a free consultation with them. They perform a comparative market analysis for your property and come up with a suitable price.

📢 Marketing: They also offer a good marketing strategy for your house. This includes clicking professional photos and listing your property on the MLS as well as on more than 100 real estate websites.

📒 Handle Closings: After receiving an offer they work with other parties involved in the closing process. They help you with managing inspections, appraisals, paperwork and documentation, loan underwriting, etc.

👩‍🏫 Full Time Agent Representation: To make sure all your legal paperwork work is taken care of they provide home sellers with a full-time agent representation. 

📌 Coverage: They offer their services in the following cities in Arizona: Phoenix, Tuscan, Mesa, Chandler, and Gilbert

The only drawback of AZ Flat Fee is that they are very limited in terms of technology and most of their processes are handled manually.

» More: 9 Best Discount Real Estate Brokers & Companies

  • Professional photography
  • Comparative marketing analysis
  • Impressive customer reviews 
  • Limited coverage in Arizona
  • Low on technology

AZ Flat Fee has a 5-star rating on Google Reviews.

AZ Flat Fee offers its services in the following cities in the state of Arizona:

Phoenix, Chandler, Gilbert, Tucson, and Mesa

Low Commission Real Estate Agents

Low commission Realtor or agents are discount real estate brokers who work on a lower commission rather than the traditional 3% commission.

With the rise of the flat fee model and commission-based models, real estate commissions have been falling gradually. This makes low-commission Arizona real estate companies more relevant to sellers nationwide.

Generally, low commission Realtors in Arizona work at commissions like 1%-2% instead of the traditional 3%.

Our Top Pick For Low Commission Realtors

ONE OF THE BEST LOW COMMISSION REALTOR

Redfin

Redfin - Selling a house in Alabama
  • Listing Fee: 1.5% of sale price
  • Available in 80+ U.S. Markets
  • Advanced technology

Redfin is one of the best low-commission real estate companies out there. 

💵 Save on commission fees: When you opt for Redfin over a traditional home-selling method, you can save up to 20% – 30% on the commission fees. Though, trying to provide their service 3x faster than the traditional method could limit their ability to provide you with personalized service.

✔️ Additional services: The discount realtor has a thorough listing agreement but it takes approximately 18 days to get a property listed on the MLS. With Redfin, you get add-on services like a professional photographer, MLS listing, open house schedule, yard sign, and much more.

👩‍💻 Good technology: It has one of the best technology among different discount real estate brokers. They have a powerful platform that is ideal for full-service brokerage. Redfin houses a fantastic user interface for sellers to make their job easier.

🔍 Explore more: Redfin Reviews: The Reality of 1% Fees, Pros & Alternatives

  • Strong technology
  • Thorough listing agreement
  • Detailed paperwork
  • Holisitic services
  • Rebate of 0.5% (in case of Full Service plan) if you buy and sell with them
  • Cash offer feature available
  • Full-service brokerage
  • Slow listing process
  • Average customer service
  • Limited agent selection

Redfin has an average rating of 3.9 out of 5 on Consumer Affairs.

Redfin has a reach in 80+ Markets giving a nationwide coverage.

Virtual Full-Service Brokers

A virtual full-service broker does everything a traditional broker would do i.e. listing, marketing, pricing, negotiating, etc. The only difference is that a virtual full-service broker would do all of these online i.e. virtually.

Because of their cloud-based presence, they have many advantages. Such as lesser fees, discounted commissions, and much better management and marketing support. Many MLS listing companies like Houzeo, also provide full-service options that are 100% online.

Our Top Pick For Virtual Full-Service Brokers

Houzeo is the best virtual full-service provider in Arizona that offers the following services to home sellers:

  • Online showings through Houzeo Showings
  • Mobile Application
  • Fast changes to your MLS listing
  • Listing syndicates to hundreds of other real estate websites, and a lot more

*We could not find any other reputable virtual full-service company in Arizona.

👉 Explore: Houzeo Reviews: Home Selling made easier with Houzeo.com!

What If I Want To Sell My House Fast In Arizona?

Due to some reasons, a seller may want to sell his/her house fast in Arizona or any other state. Here’s what you can do in such cases:

Sell Your House As IsSelling a house as-is in Arizona can help you save hundreds of dollars by bypassing the repairs. This also ensures that your house is sold fast.

Selling a house as is can be done via a real estate wholesaler as well. A wholesaler is an investor who buys your house in the existing condition and sells it for a higher profit.

» Selling a House As Is in Arizona: A Comprehensive Guide for Arizonians.
Sell Your House For CashIf you want to sell your house fast in Arizona then selling them to cash companies can be a very good option. They can offer you cash right away and ensure your house is sold quickly. There are various types of cash companies that can ensure that the deal is closed instantly.

» Cash Home Buyers Arizona: Discover Arizona’s Best Cash Home Buyers.
Offer Your House To A FlipperHome flippers are the ones who are involved in flipping houses in Arizona are buyers that buy a property in its existing condition, repair it, and sell it at a higher price. Selling your house to a flipper will help you save both time and dollars.

» How to Flip a House: An Introductory Guide for Beginners

» Sell My House Fast Arizona: Find Out The Quickest Ways to Sell Your Arizona House

    ✍️ Pro Tip: Consider selling your Arizona home to an iBuyer

    iBuyers are companies that will buy your home for cash outright. They use technology to make an instant offer. This gives them an edge over the traditional cash companies. The price is decided with the help of their proprietary algorithm, recent real estate data, and their in-house experts. An iBuyer can offer and close the deal within 24 hours.

    »Explore: iBuyers Reviews: Selling Your House for Cash in 2022

4. Prepare and Market Your House For Sale in Arizona

A clean and well-prepared home combined with the correct marketing strategy can help you attract a large number of buyers.

Get My House Ready

Whether it is Arizona or any other state, you need to take care of certain things if you are thinking of selling your home without a realtor. Here is what you need to do:

Declutter & DepersonalizeMake sure you eliminate anything that may bring a feeling of personalization from your perspective i.e. you need to make the buyers imagine as if it is their home. This means removing your personal belongings, etc. before the showing.
Make RepairsIf your home requires any necessary repairs, make sure it is done before you start the process of selling.
Repaint NeutralYou can attract a higher number of customers when you paint your home with neutral colors.
Improve Curb AppealGo for clear landscape, fresh flowers, or exquisite paintings because the first impression is everything!
Implement stagingThe best way to sell a property is by hiring a home staging professional. They would be able to utilize the spaces and furniture cleanly and attractively. Staging costs in Arizona vary across cities and counties
Update Heating and Cooling SystemsTemperatures in Arizona vary drastically. Do not forget to make repairs to both the heating as well as cooling systems in your house.

» Home Staging Arizona: Check out The Best Home Staging Companies in Arizona.

Ways To Market My Home in Arizona

Almost 95% of home buyers search and review homes online. So, being online is the #1 priority for the sellers. A good online marketing strategy can make a difference in getting your house sold.

Here’s what you need to do if you are in for selling a house in Arizona or any other state:

#Marketing TacticsDescription
1.List on the MLSHomes listed on the MLS sell faster and for 17% more. This doesn’t mean you need to hire a listing agent and pay that extra commission. You can work with discount real estate brokers to get MLS access. A Flat Fee MLS Company like Houzeo can be a very good option to list your home in Arizona.

Houzeo will help you save the hefty realtor commission and get your property maximum exposure. All of this, just for a small flat fee!

✍️ Pro Tip: Research the best For Sale By Owner websites to sell your house FSBO
2.Get a Yard SignOpting for a yard sign can be a good investment when selling your home in Arizona. It can help in attracting buyers from the neighborhood. On a crowded street, an attractive yard sign can drive the attention of potential buyers.

Houzeo’s yard sign can help you in this. Houzeo custom yard sign comes FREE with a selfie and it is available for $49 only!

✍️ Pro Tip: If you secure a buyer from a yard sign, chances are you’ll save on the buyer agent commission as well. In a nutshell, it is worth the $49 investment.

» For Sale By Owner Yard Signs: Check out the 7 best FSBO Yard Signs!
3.Share Your Listing on Social MediaShare your property listing on social media. This will include your contact info apart from the listing details. If you share your listing on Zillow or Redfin, all the leads your listing generates will be sold to buyer agents who’ll demand a competitive buyer agent commission. Houzeo, on the other hand, doesn’t sell your information or leads. All buyer leads see your contact info, so you might save on the buyer agent commission.

✍️ Pro Tip: If you secure a buyer from social sharing, chances are you’ll save on the buyer agent commission as well.
4Hire a professional photographerAs a seller, you can hire a professional from a number of Arizona real estate photographers to create a portfolio of your house. Professional pictures can greatly impact the selling process by attracting more buyers.

✍️ Pro Tip: Professional photographer can collate a portfolio that otherwise may not be possible if you are taking up the job.

» Real Estate Photography: Create Your Best Listing Photos
5Run adsWhen selling your home in Arizona, running ads on print and social media can help you attract more buyers.

✍️ Pro Tip: Try to cover as many social media channels as possible to initiate ads for your listing.

With Houzeo, you can market your property to a large audience as it gets listed on the MLS and other real estate websites.

» More: Creative Ways To Market Your House For Sale

5. Manage Showings And Negotiations

Once you have prepared your house for sale in Arizona, showing it to buyers is the next step.

How To Manage Showings When Selling A House In Arizona?

Once your property is ready for showings, it is critical to managing the showings effectively. You can either opt for online showing tools or host an open house.

Online Showing Tools

Online showing tools provide home buyers and their agents with a frictionless way to request and schedule showings.

Houzeo Showings, a cutting-edge solution by Houzeo, helps buyers and buyer agents choose a particular showing slot as stated by the seller. The tool also provides features like rescheduling, updating, canceling, requesting, and more.

#FeatureDescription
1.Home Sellers Can Set Their Showing CalendarBuyers and buyer agents should only be shown times when the property is available for showing. This saves time for all the concerned parties.
2.Buyers & Buyer Agents Can Request & Reschedule ShowingsMake sure that buyers and buyer agents can request showings at available times. In addition, they should be able to reschedule and cancel on an ad-hoc basis.
3.Buyers & Buyer Agents Can Provide Feedback on the ListingFeedback from buyers and buyer agents is critical for home sellers because it allows them to assess their property (priced too high, the backyard needs fencing, rooms need whitewashing, and more). Where the feedback is actionable, small remedies can go a long way in improving showings and attracting top dollar for your property.

🗓️ Houzeo Showings has all the required features and is available on the Houzeo mobile app!

Introducing the Houzeo Mobile App!

  • View your listing
  • Review and compare offers
  • Manage showings with Houzeo Showings
  • Counter an offer
  • NEW! Buyers can now search your property and save it in “Favorites”

Start Your FREE Listing NOW!

Hosting Open Houses

92% of home buyers find open houses useful. If your house is located in Phoenix or Scottsdale or any other prime spot in the Arizona housing market, more buyers would be interested in buying. In such cases hosting an open house would be more feasible.

    ✍️ Pro Tip: You might attract unrepresented buyers, saving you the entire buyer agent commission.

Here are a few things to keep in mind when hosting an open house in Arizona:

Ensure Your House Is ReadyBuyers would not want to see a house with a leaky roof or broken doorknobs. Thus make sure you have fixed all the defects and made all the necessary repairs beforehand.
Choose A Correct TimePeople are busy on weekdays. Thus hosting an open house on weekends, preferably a Sunday, would be best. Also, you need to take care of the time of day. Usually, afternoons are the ideal choice.
Post Open House OnlineAs per the National Association of Realtors, 93% of buyers rely on the internet for their home searches. Thus, posting online will make potential buyers aware of the open house. You can also list your open house on the local MLS, real estate websites like Zillow & Trulia, Facebook, etc.
Give Visitors Their SpaceDuring the open house, you might want to stay away from the property. This would give them the desired space to explore at their convenience. Also, it will help them in visualizing their future in the house.
Get Your Neighbors Involved You can invite your neighbors to the open house. Even if they may not be interested in purchasing your Arizona home, they would spread the word.

How To Negotiate Offers When I Want To Sell My Home In Arizona?

Counteroffers and requesting the highest & the best offer are the two tools of negotiations when selling a house in Arizona or any other state.

Most brokers or brokerage companies will give you complex forms to counter an offer, or to request the highest & best one. Houzeo has digitized these, so, you can counter or ask for the highest & best with just a few clicks!

#Advanced TacticWhen to UseHow to Use
1.Counter an OfferSingle or Multiple Offer SituationYour best offer is not just the highest one but is also competitive across several parameters: deposit, financing, inspection contingency, closing timeline, etc. When you want to counter an offer, you can request any of the mentioned parameters updated as per your preferences.

▶️ Learn more: How to counter an offer on Houzeo
2.Request Highest & Best OffersMultiple Offer SituationIf you have multiple offers and a timeline by which you’d like to pick an offer, you can call for Highest & Best offer from all the interested parties.

▶️ Learn more: How to request Highest & Best offer on Houzeo

Arizona real estate broker or brokerages will give you complex forms to counter an offer, or to request the highest & best one. Houzeo has digitized these, so, you can counter or ask for the highest & best with just a few clicks!

6. Documents Needed For Selling A House In Arizona

A lot of paperwork is needed to sell a house in Arizona. Though your realtor takes care of all the paperwork on your behalf, you need to be aware of them.

Disclosures For Selling A House In Arizona

You need to have the following disclosures when selling a house in Arizona:

Seller’s Property Disclosure Statement (SPDS) A disclosure document that apart from being a checklist of the condition of the property, also contains information about the legal owners of the property, their address, safety information, and utilities.
Lead Paint DisclosureSpecifically for homes that were built before 1978. Federal law requires the seller to disclose any dangers related to lead-based paint.
Flood Zone StatementA buyer’s lender may require the concerned property’s flood hazard disclosures report before providing the loan. This could be important in mortgages that are backed by the federal government.
Comprehensive Loss Underwriting Exchange Report (CLUE)CLUE is five-year insurance claims report that sellers are supposed to furnish while selling their homes in Arizona. This document mentions any insurance claims which may have been made or denied against any damages or losses to the property.
Land Divisions RecordingThis is a written affidavit a seller needs to furnish which gives information about the legal address, access, and any easement to the land on which the property is situated.
Soil Remediation NoticeAn owner is required to furnish a notice of remediation of soil if it was conducted in the past on the property land.
Swimming Pool Barrier DisclosureIf a property has a swimming pool on it, the seller is required to disclose whether the same is enclosed on all sides by a wall, fence, or any barrier at least 5 feet tall.
Arizona Condo Disclosure InformationThe seller must send a written notice informing about the by-laws, principal members, assessment, and management company affiliated with the Home Owner’s Association of which the homeowner will become a member.
Arizona Military Airport DisclosureIf the house is located in the territory or the vicinity of a Military Airport, a notice should be furnished by the seller regarding the same.

» Seller Disclosures Arizona: A Guide to Ace The Arizona Disclosure Process.

Mandatory Documents For Arizona Real Estate Transactions

Review these documents at length and understand their provisions. Here are some key documents you’ll likely need when selling a house in Arizona:

The DeedThis document enables the legal transfer of title from the seller to the buyer. Read this document carefully, verifying all details including the legal description of the property, the deed book, the deed book page, and the Property Identification Number (PIN), if any.
Statement of Closing CostsThis statement summarizes all the expenses involved in the transaction. This is prepared during the closing process by an escrow or the title company.
Title affidavitA notarized document that verifies that a seller is the owner of the house, there are no liens, and there is no simultaneous purchase deal.
Arizona Residential Real Estate Purchase ContractThis document contains various information such as purchase amount, earnest money, inspection procedures, etc. It signifies the complexities involved in the overall transaction.
Bill of saleA sale receipt that includes seller and buyer’s information plus any other information relating to the sale.

Possible Additional Documents

The below table showcases some more documents that may require in selling your home in Arizona:

Information on Loan PayoffIt is applicable only if you have a mortgage on your home. It is a document that states how much of the mortgage amount is paid and how much is due. You would still this document even if you have paid the mortgage amount completely.
HOA formsIf the house is part of an HOA, the seller needs to give the buyer all the documentation on restrictions, fees, financials, and more.
Survey papersThe documentation defines the location and the dimensions of the property. This is important while selling a house without a realtor in Arizona as well.
Home inspectionContains all the details about the inspection of the property.
Repairing proofWhile selling a home in Arizona, if the seller has made repairs to the property before the sale, he/she needs to furnish the relevant documentation.
Home warrantyContains all the coverage of the property, time span, and cost
Power of attorneyWhile selling inherited property in Arizona, the seller needs to furnish the details of the history and how the property was passed onto him/her.
Closing DisclosureProof that the seller agreed to buyer concessions. The disclosure is provided to the lender.
Correction Statement In case the documents are lost or some other defect occurs then the correction statement obliges the buyer, seller, or lender to fix the documents.
Additional AffidavitsWhile closing in Arizona you may need additional affidavits like a name affidavit or an affidavit stating that you are not a foreign citizen. This will help you skip certain property taxes.

Bring TWO Forms of Official ID

There will likely be a licensed notary involved in the closing process who’ll require you to swear on your identity. You would be required to furnish identity proof (like a passport, driving license, or any other authorized document) during the process. However, the closing process might require you to produce secondary identity proof.

7. Closing On Your Arizona Home

The closing process in the state of Arizona is handled either by a title company or an escrow. Your realtor and settlement agents usually handle the legalities.

Take Care of Title, Appraisal, And Inspection

TitleA clear title and a meticulous transfer are key to a real estate transaction. Title insurance policy protects you if there is any problem related to the prior ownership of the property. It makes you whole in case of a legal dispute related to the title.

📝 Note: In Arizona, the seller usually pays for the owner’s policy, while the buyer pays for the lender’s policy.
AppraisalAppraisal: An appraiser does market research and evaluates the price of a specific property. The appraiser ensures that a correct price is offered by the seller and as per the market value. Read our blog on how much is a home appraisal in Arizona.
InspectionInspection: An inspector inspects the property before the home-buying process is completed. They check for any defects/repairs in the property and raise concerns accordingly. This ensures that the buyers don’t have to shell out money in case there are defects in the property which the seller did not highlight. The average home inspection cost in Arizona is $300.

» How Much Is Title Insurance in Arizona: In-depth guide about how much is title insurance in Arizona.

Overall Cost Of Selling A House In Arizona

It should be noted that realtor commission and sale price are not the only two things that are involved from a real estate transaction perspective. In Arizona, there are multiple other fees involved while selling a house that should be known to a seller and is crucial for a sale. Here’s a list to get you started:

The list will also help the seller in getting an answer to the question – How much will it cost to sell my home in Arizona?

Transfer TaxThere is no Transfer tax in the state of Arizona.
Capital Gains ArizonaYou are required to pay a tax on the capital gain of the property. A capital gain is a difference between the amount for which a property was bought and the amount for which the property is sold.
Title InsuranceTitle insurance protects the buyer if an important chain of title ownership is missed by the Title agent/company which could cause issues later. The premium can be paid by either seller or buyer based on the negotiations.

In Arizona, Title insurance is calculated depending on the sale price and it is divided into various slabs.
Home WarrantyA seller may go for a home warranty if some components of the home (water heater, air conditioner, fans, etc.) require attention. This will benefit buyers in case a component of the home breaks down later.
Appraisal FeesAn appraiser is hired to determine the actual price of the property. The cost of the appraisal process depends on various factors such as property type, size, and location. It is usually paid by the buyer.

In Arizona, home appraisal cost is between $310 and $395.
Inspection FeesA general home inspection in Arizona would cost $385. Apart from this, various other inspections such as pest inspection, pool inspection, roof inspection, etc. are carried out.
Survey FeesA survey of the property is generally carried out before the purchase deal. It includes all the features related to the property.
Attorney FeesThis fee is optional as it is not required to hire a real estate attorney in Arizona but is highly recommended. A real estate attorney can help you with the documentation and other closing processes.
Title or Escrow FeesIn Arizona, the closing process is handled by a title or an escrow company. Escrow fees in Arizona are usually 0.2% property’s purchase price, plus an additional $250.00.
Other CostsApart from the stated costs, multiple other costs are involved in selling real estate in Arizona. These can be local fees related to stamp taxes, recording fees, estoppel fees, and any other as imposed by the city/county. Apart from these, there can be fees to prep your home, relocation fees, and more.

» Closing Cost Calculator Arizona: Know the Exact Estimates.

Who Pays Closing Costs In Arizona?

If you are concerned about who pays closing costs in Arizona, then you should be aware of the various closing costs that are involved when selling a house in Arizona. Most of them are customarily paid by sellers whereas a few of them can be negotiated.

Closing CostsSeller/Buyer Responsibility
Realtor CommissionSellers have to pay 5.3-6% realtor commission
Escrow FeesSplit between buyer and seller (unless specified otherwise)
Title InsuranceThe seller pays for the owner’s title insurance policy whereas the buyer pays for the lender’s title insurance policy
Survey FeesNegotiable between buyer and the seller
Home Warranty FeeSellers pay the home warranty fee
Home Inspection FeeBuyers pay the home inspection fee
Appraisal FeeUsually paid by the buyer

How Much Are Closing Costs In Arizona?

If you are concerned about how much are closing costs in Arizona then know that the amount of money you will spend on closings while selling a property in Arizona depends on a lot of factors such as Realtors commissions, fees & taxes, mortgage payoff, etc.

You can calculate seller closing costs Arizona with Houzeo’s Advanced Seller Closing Cost Calculator for Arizona. The calculations are based on the latest prices and it gives you a very detailed estimate of all the costs involved in the transaction.

» Closing Costs for Buyer in Arizona: Click to know more about the buyer’s side of Closing Costs.

Final Word

Selling a house in Arizona can be a little complicated, thus usually requires sellers to hire a realtor. But due to the hefty realtor commission sellers are moving away from the traditional full-service pathway.

Many sellers are also opting for FSBO or DIY route. It does save a lot of dollars but limits exposure and increases sellers’ responsibilities many folds. So the next best choice is discount real estate brokers.

Among these brokers, Flat Fee MLS Listing Companies are the best choice. Flat Fee MLS Services like Houzeo allow sellers to control the selling process without compromising on the exposure. All of these at a small listing fee!

With Houzeo, you have the option to list your property as an owner and enable a smooth closing process. You do not have to worry about complex processes as the platform is 100% online. It will help in listing your property on the MLS at a flat rate and take care of other tasks that otherwise would require manual intervention. Another big point is that due to platforms like Houzeo, the real estate agent commissions are declining. This is because of the Flat Fee MLS structure that companies are providing.

Check out some of the Houzeo reviews and how it has helped customers around the US.

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Frequently Asked Questions

Can you sell a house as is in Arizona?

Yes, you can sell your house as is in Arizona. You can opt to sell your house to flippers, iBuyers, or cash buyers.

Do I need an attorney to sell a house in Arizona?

No, you don't need an attorney to sell a house in Arizona.

Who pays closing costs Arizona?

Closing costs consist of a lot of costs such as escrow fees, HOA fees, etc. Closing costs are paid as per the negotiations between the seller and the buyer.

Is it a good time to sell a house in Arizona?

March to June is the best time to sell a house in Arizona.

What is the average cost/price of a house in Arizona?

The average house cost/price in Arizona is $415,000.

How to sell a house by owner in Arizona?

You can sell your house by owner in Arizona either following the pure FSBO route or you can choose a real estate tech company like Houzeo that provides flat fee MLS services. Read How To Sell A House By Owner In Arizona? to know more.

How to sell a house without a realtor in Arizona?

You can opt for discount real estate services like flat fee MLS listing services like Houzeo, flat rate companies like AZ Flat Fee, or low commission real estate companies like Redfin.

Who pays title insurance in Arizona?

The seller pays for the owner's title insurance policy whereas the buyer pays for the lender's title insurance policy

How to calculate closing costs in Arizona?

You can use Houzeo's Advanced Closing Cost Calculator to calculate your closing costs in the state of Arizona.

Also Read

» Foreclosure: Foreclosure is a legal process by which the lender or the bank tries to recover the amount borrowed by the homeowners. Check out our blog on foreclosures to know more.

» How to Stop Foreclosure in Arizona: Foreclosure laws differ across states. Check out our blog on you can stop foreclosure in Arizona.

Recommended for Buyers

» How to Buy a House in Arizona: Here is an ultimate guide you should check out when you are confused about how to go about for buying a house in Arizona.

» Best Time to Buy a Home in Arizona: Read our blog on when is the best time to buy a house in Arizona.

» How to Buy a House in Arizona with Bad Credit: If you have bad credit, check out your options to buy a house.

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