Arkansas Seller Closing Cost Calculator

Closing Cost Calculator for Arkansas: Seller Averages

HomeLight’s free calculator can help home sellers in Arkansas estimate their closing costs and net proceeds. To get a ballpark idea of the cost of selling a house in the Natural State, enter the information for each of the input fields above. You can see typical or state averages for most Arkansas seller closing costs below.

Home Selling Price: $258,100

How does your home compare to the state’s median selling price of $258,100? To determine your listing price, you can:

1. Get a preliminary estimate with HomeLight’s free Home Value Estimator

2. Request a Comparative Market Analysis (CMA) from a top Arkansas agent

3. Purchase a pre-listing home appraisal (typically $600 in Arkansas)

4. Visit this HomeLight map link to compare recently sold homes in Arkansas

Mortgage Payoff Amount: $163,207

According to the credit experts at Experian, the average mortgage balance for Arkansas homeowners is $163,207. To find your exact payoff amount, check your latest mortgage statement or contact your mortgage servicer.

Listing Agent Fee: $6,453–$7,743

A typical listing agent commission in Arkansas is 2.5% to 3% of the home’s selling price. On a $258,100 house, your agent’s fee might range from $6,453–$7,743.

Buyer’s Agent Fee: $6,453–$7,743

In the past, sellers covered both the listing agent and the buyer’s agent fees. However, following a landmark court settlement by the National Association of Realtors, buyers are now expected to negotiate compensation directly with their own agents. If you’re offering to pay this fee to attract buyers, on a $258,100 median-priced Arkansas home, you can expect to pay $6,453–$7,743.

Detailed Closing Costs: $3,872

Closing costs in Arkansas average about 1.5% of the home’s sale price. On a median-priced home of $258,100, you might pay $3,872. Below are some of the typical types of closing costs you can expect:

• Home Preparations: Consider cleaning, landscaping, or staging the property. Doing so will improve the property’s curb appeal and make a better first impression.
• Renovations/Repairs: Repairing or updating your home to keep up with inspection requests or buyer demand.
• Title Service Fees: Title company work required to verify legal ownership and help manage the transfer of the property.
• Owner’s Title Insurance: A one-time insurance premium paid by the seller to protect the buyer from title issues or ownership disputes. This can be negotiated as a concession.
• Transfer Taxes: Arkansas home sellers pay a transfer tax rate of $3.30 for every $1,000 of the property’s sale price. (See more below.)
• Recording Fees: Fees paid to the local government to officially record the change in property ownership.
• Buyer Incentives: These are credits or concessions you could offer buyers to entice them to complete the sale, such as paying the buyer’s agent fees or offering a rate buydown.
• Other Costs: These could be any other costs not covered by other categories, such as attorney fees and HOA transfers. (An attorney is not required to sell a house in Arkansas.)
• Moving Expenses: While not technically a closing cost, you should include this expense in your budget, as it can range from $883 to $7,000.

Arkansas’s transfer tax rate is $3.30 per $1,000 of the sale price for transactions over $100, which is usually paid for by the seller. However, this can be negotiated as part of the sales agreement.

More Helpful Seller Tools From HomeLight

Here are some additional tools you may find helpful as you plan your Arkansas home sale:

• Listing Agent Match platform
• Home Value Estimator
• Best Time to Sell Calculator
• Agent Commissions Calculator
• Net Proceeds Calculator

Want to avoid closing costs and sell fast? Get a cash offer today.

With HomeLight’s Simple Sale platform, you can receive a no-obligation, all-cash offer in 24 hours and close in as few as 10 days. Answer a few questions about your Arkansas home to get started. Along with your offer, you’ll also see an estimate of what a top Arkansas agent might be able to get for your home. Get both options with one tool.

As you look ahead to your next home purchase, here are some helpful buyer tools:

• Home Affordability Calculator
• Down Payment Calculator
• Closing Costs Calculator
• Buyer’s Agent Match platform