The True Costs of Homeownership in Arizona

Fiduciary Advisory Framework

Purchasing a home involves costs beyond the down payment. In Arizona, buyers encounter unique closing fees, title insurance premiums, HOA capital reserve contributions, and seasonal electric utility variations that must be modeled prior to submitting an offer.

Core Strategic Takeaways

• ✓Earnest money deposits: typically 1% to 2% of the contract purchase price held in third-party escrow.
• ✓Professional inspection costs: general home inspection ($450–$650), termite/WDIIR report ($75–$125), and sewer scope ($150–$250).
• ✓Title insurance and escrow settlement fees: split according to standard Arizona real estate customs.
• ✓HOA capital disclosure fees, transfer assessments, and prepaid quarterly dues.

Have Questions About This Buyer Playbook?

Tamara Painter represents buyers across Greater Phoenix with zero transactional sales pressure and complete data transparency.