Choose Hero Brother Homes for Seller-Friendly Rates! We buy Houses in Phoenix!
Hero Brother Homes has one goal: we buy houses in Phoenix and connect our clients to the best possible profits. Endless fees and closing costs shape traditional listings, siphoning away every dollar. Even strong purchase prices become weak in the wake of financial obligations, and it becomes difficult for sellers to achieve the results they deserve (and need). How much do traditional listings demand? Let’s compare the key variables of the Phoenix market.
The Most Common Closing Costs
When we buy houses in Phoenix we eliminate traditional closing costs. Those relying on realtors and other third-party providers, however, will find themselves paying a series of commissions. The most common of these, according to Realtor.com, include:
- Loan Payoffs
- Transfer Taxes
- Title Insurance Fees
- Attorney Fees
- Liens or Judgements
- Unpaid Homeowner Association Fees
- Prorated Taxes
Several unexpected costs can also occur, with sellers occasionally forced to pay for:
- Termite Inspections
- Land Surveys
- Home Warranty Premiums
- Home Repairs
These elements – especially when combined with the standard 6% commission fee charged by realtors – generate substantial amounts.
What are the Average Closing Costs?
Closing costs vary from state to state, with each contract demanding specific interest rates and tax fees. Those in Phoenix can, according to BizJournals, can expect:
Lender Origination Fees (including underwriting, wire transfers, and document preparation): $1,180.00.
Third-Party Fees (including title insurance transfers, appraisals, and credit report generation): $615.00.
Average Total Fees: $2,425.00.
Though this total allows Arizona to rank as the eighth most affordable state (in terms of closing costs) within the country, it still proves considerable for those in the median $150,000 to $250,00 market.
Conclusion
We buy houses in Phoenix, helping to support an expanding market and provide our customers with superior homes. We also understand the need for low closing costs – which is why we demand nothing more from sellers than their signatures.