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Just the title.
There is no closing cost since the deal is paid by cash.
Only thing that would make sense to be that high is if you are purchasing a multi million $$ home or you are taking care of the Transfer Taxes and that is included in the amount (which in most cases is covered by the seller)
Just the title.
There is no closing cost since the deal is paid by cash.
In my experience, there are always closing costs, even with cash deals.
In addition to title insurance, transfer taxes if new construction, attorney fee and recording fee(s), maybe a fee for a survey (buyer's responsibility unless seller provides recent copy), plus possible reimbursement of sellers' prepaid real estate taxes, and maybe remaining oil in tank (if oil heat).
Thank you all for your responses.
The house is little under 600k.
Are title charges usually over 10k? That's the first I've ever seen that amount. Shouldn't it be under 5k?
Are you sure you're not confusing the closing costs with the title? Even if you're paying cash, there's still closing costs usually due to transfer of taxes.
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