Home Buying in 98685>Question Details

catherine.bu…, Home Buyer in Lake Placid, NY

I am a cash buyer in Maine. What closing cost should i expect since a bank is not involved???

Asked by catherine.bussell, Lake Placid, NY Sat Aug 18, 2012

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Hello Catherine,
In addition to what has already been mentioned here; there may also be some prorated utility costs that will have to be reimbursed to the seller particularly if the home uses oil for heating.

Good luck on your home purchase!

Laura Feghali
Prudential Connecticut Realty
0 votes Thank Flag Link Sat Aug 18, 2012
Also taxes are prorated, insurance should be in there to protect you from day 1. Survey and appraisal are options to you.
0 votes Thank Flag Link Sat Aug 18, 2012
Catherine you can easily hire a closing company or closing attorney who can include everything in one price. There is deed recording, title search and transfer tax. Contact a couple of local companies and they can quote you a price for cash buyers.
0 votes Thank Flag Link Sat Aug 18, 2012
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