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Being In Escrow and What Are Closing Costs?

Once we are successfully under contract also called being in escrow, the escrow officer will supply an estimated closing cost sheet for your review, this will break out closing costs that you are responsible for as the buyer. The average closing cost in Arizona is usually between one to two percent of the final home sales price. While engaged in a real estate transaction, it is important to be extremely financially conservative throughout, this means you are living a lean lifestyle, saving funds along the way and not opening any new credit cards or making any large purchases of any kind. Being in escrow our runway to closing the transaction but a number of deal specific items need to go the right way to complete the transaction.