Home Buying in Conneaut>Question Details

Bonny, Home Buyer in Conneaut, OH

closng costs on cash sale houses

Asked by Bonny, Conneaut, OH Sat Aug 21, 2010

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Sonsie Conroy’s answer
You will have all the normal closing costs other than those associated with the mortgage (you won't have one). But transfer fees, document fees, recording fees, escrow, title insurance, prorated property tax, etc., should all remain.
0 votes Thank Flag Link Sat Aug 21, 2010
Dear Bonny,

Your closing cost depends on the terms of your purchase agreement. A cash transaction definitely requires less closing cost since there is no loan involved. If you are already in a contract and have an open escrow, you can have the escrow officer put together an accurate estimated settlement statement usually referred to as HUD-1 to determine your required fund to close.

Good luck.
0 votes Thank Flag Link Sun Aug 22, 2010
Hi Bonny,

Are you looking for an amount? Idea of what they are? Clarify what you need to know and I'd be happy to help.

Good Luck
0 votes Thank Flag Link Sat Aug 21, 2010
No matter whether you are a buyer OR seller you both have your own expenses to pay for closing cost(s). These figures vary based on amount of purchase.

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
0 votes Thank Flag Link Sat Aug 21, 2010
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