If I pay cash for a home, will there still be closing costs? If so how do I calculate what those might be?

D
Home Buyer
Minnetonka, MN

Answers (6)
Lynn911.com Dal...
Agent
Dallas, TX

No matter what if you are seller or buyer you do have closing costs

Your buyers agent can provide you rough estimate expenses involved. Title company closer closing date can provide you exact number .

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Sun Oct 4 2009, 09:47
Sean Wait
Mortgage Broker
or Lender

Eagan, MN

There will always be closing costs as there is much paperwork done by multiple agencies, and of course the Government wants their share. Your best bet is to go to a good title company. Title issues are some of the trickiest and complex. Having a nice clear title and title insurance will benefit you in the long run. If you have any other questions or need the number of a good title company let me know. You may also want to consult with an attorney if you are not being represented by a Realtor
Sean@SpectraFinancial.com

Sun Oct 4 2009, 09:29
Kathleen Lordbo...
Agent
Brainerd, MN

I assume that you are working with a REALTOR as your buyer's agent - the seller pays their commission on this. There may be a small office administration fee for you (typically $300 to 500) . Your agent can run these costs for you and you will know approximately where you stand. In some cases some of the closing costs are requested from the seller as part of the offer. Find a good agent.

Fri Apr 3 2009, 09:29
Aaron Dickinson...
Agent
Minneapolis, MN

The title company is your best bet. You will have less than 1/2 the typical fees but there still are some.

Fri Apr 3 2009, 09:03
Sandy Vickrey
Broker
Winters, CA

Yes, there are still closing costs, no way around that. Prorated property taxes, water, sewer, garbage bills, escrow fee and title insurance. Yes, you definitetly want title insurance. Ask your realtor to provide you with an Estimated Buyer's Closing Costs sheet. They are easy to do and very helpful to you, the Buyer. The escrow officer can also provide one for you.

Fri Apr 3 2009, 09:01
Mary Lynn Heinen
Agent
Pasco, WA
FIRST ANSWER

Depending on what your County charges for buyer closing fees which may include Escrow Fees, recording fees and tax, irrigation prorations may also be included. The best way to find our would be to call a local Escrow/Title Company and get the estimated costs from them.

Fri Apr 3 2009, 08:58

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