Many all cash buyers make so many demands that sellers can often be better off taking a chance on a well qualified buyer with a loan that really loves and wants the home, so be careful and don't be too demanding as it may backfire and seller may take another offer over yours.
As for closing costs, you can always ask for discounts and a few vendors like escrow may accommodate. As stated below, most of your closing costs will be the same if you go the typical who pays for what scenario, except you won't be paying your loan costs including the title policy insuring your lender against your misdeeds or mistakes.
You should talk to your agent about how to present your offer as all costs are negotiable. You will need to balance who pays what costs with the price and how it will affect you and seller with taxes,etc. You may choose to pay all the closing costs and offer a little less. Or pay none and offer more (less benefits unless you plan to resell quickly). What you negotiate in costs paid between you and seller will have the biggest effect on your closing costs.
Be informed, hire a good agent to represent you.
Sunset Palms Real Estate, Inc.
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Madelaine Kolisnyk Realtor
you can search for property and find out many buyers tips on my website...
Good luck and remember-buying Real Estate is still a very smart purchase and closing costs are just one of the costs of buying a home.
Have a great day,
Heather Paul, Realtor
You have certain "fixed" costs that occur during closing of a sale that will have to be paid regardless of the method of payment. You will save money on closing when paying "all cash" but you cannot eliminate the fees entirely. Closing costs will vary, with the transaction.
Closing cost are title fees escrow fee, recording fees, and taxes
Since you are paying cash you will not be required to pay prepaid home owners insurance
Paying cash will remove some of the cost you pay with financing, but never the less you will still have SOME closing cost.
Best of Success to you!!!!
Kawain Payne, Realtor
Some of your closing cost like Tax proration and HOA fees are the same. But escrow service and title insurance vary slightly from company to company. But never the less, you could still get some discount in escrow service and title insurance. Just ask.
Most other fees associated with real estate transaction (transfer, escrow, title, etc...) will still be there.
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