Who pays closing costs in Arkansas?

Both the parties i.e., the buyer and the seller have to pay their respective closing costs in Arkansas. Seller closing costs mainly include agent commissions, home inspection, and some other fees, all of which could sum up to 5%-10% of the property’s sale price. The buyers have to pay their closing costs as well which are mostly mortgage-related and could sum up to 3%-4% of their loan amount.

Do sellers pay closing costs in Arkansas?

Yes, sellers do pay closing costs in Arkansas. If you are a home seller in Arkansas then you can expect to pay anywhere between 5%-10% of your home’s sale price as of closing costs. However, you can save thousands of dollars by listing your home on the Arkansas MLS with Houzeo’s Flat Fee MLS Arkansas packages.

Who pays transfer tax in Arkansas?

The transfer tax in Arkansas can be paid by seller or buyers based on the negotiations.

What does the seller pay at closing in Arkansas?

As a home seller in Arkansas, your closing costs will mainly include real estate agent commissions, outstanding amounts owed on the property, prorated property taxes, settlement fee, title search, municipal lien search, HOA estoppel, documentary stamps on the deed, title insurance, etc.

How do you calculate the seller's closing costs in Arkansas?

To calculate seller closing costs all you need to do is input the relevant details in Houzeo’s Closing Costs Calculator and you will have your estimated closing costs with just a few clicks.

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