Approximately 2500, have your agent call the escrow company.

Natasha estimates are about right. Make sure your realtor is negotiating a good price for you because you are paying with cash.

Hope the best for you.

TA

Here are some ballpark estimates:

Appraisal (optional in your case, but still a good idea): $500
Owner's title insurance: $1900
Escrow fee: $1200
Recording & notary fees: $200
First months' condo dues: $x

And yes, it's always a good idea to consult with a tax advisor to make sure that paying all cash is the best move for you tax-wise.

Hi Leigh,

If you're working with an agent, he/she can get you an estimate of closing costs through an escrow officer.

If you were doing financing the rough guideline is about 1% of purchase price for closing costs but since you're paying cash, it will be less.

As an aside, the San Francisco market is very different from the rest of the Bay Area & certainly from the rest of the state! Myself and other Zephyr colleagues have been writing offers for buyers on properties that are receiving multiple offers and frequently losing out to all cash buyers!

S.F.'s most desirable neighborhoods have very few, if any REO's & short sales unlike the rest of the state.

Even so, an all cash purchase will definitely set your offer apart if you are competing with buyers who are doing financing.

Title, Taxes, and Insurance considering 0 lender fees.

My question is why would you want that much exposure into a condo? California has a projected value loss of almost 20% across the state!

I have fixed rates up to 417k as low as 4.5%. Spread the risk around!!

Let me know if you would liek to crunch numbers sometime

Ryan Brandenburger
954-394-9005
Mortgage Broker