Closing day should feel exciting, not confusing. Yet many buyers and sellers are surprised by the line items on their closing statements.
CITIEA wants every client to know what to expect. Here is a simple breakdown of common closing costs in Arizona and how they affect buyers and sellers.
Closing Costs for Buyers
Buyer closing costs typically include:
Lender fees and loan origination charges
Appraisal and credit report fees
Title insurance for the lender
Escrow fees
Prepaid taxes, insurance, and interest
Your lender and CITIEA agent will estimate these for you early in the process so there are no last minute surprises.
Closing Costs for Sellers
Seller closing costs often include:
Real estate commissions
Title insurance for the owner
Escrow fees
Potential concessions to the buyer such as closing cost credits
Prorated property taxes and HOA dues where applicable
Your net sheet will show exactly how these items impact your final proceeds.
Who Pays What
In Arizona, certain costs are traditionally paid by buyers, others by sellers, and some are negotiable. Market conditions also influence whether one side helps the other with closing expenses.
CITIEA agents help you understand:
What is customary in your area
What can be negotiated
How closing costs interact with price and terms
Your Next Step
If you are planning to buy or sell and want clarity on closing costs before you start, talk with CITIEA.
We will prepare a simple, customized estimate based on your price range and situation, and update it as details change. That way, when you reach the closing table, you will feel prepared and confident, not surprised.
