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Started By
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Closing costs on a cash sale?
Posted on 12/6/13 at 6:30 am
Posted on 12/6/13 at 6:30 am
I'm looking to possibly buy a lot with cash. What should I expect to pay in closing costs? Lot is less than $20,000.
5
Posted on 12/6/13 at 7:10 am to JonTheTigerFan
I paid $1500 to close on a $40k lot a few years ago. Cash sale.
Posted on 12/6/13 at 7:22 am to JonTheTigerFan
maybe some title work
Posted on 12/6/13 at 7:23 am to JonTheTigerFan
With title, $750 for title co fees give or take a 100. Without title, $400 give or tAke a 100. Figures include recording in EBRP and surrounding parishes.
This post was edited on 12/6/13 at 7:32 am
Posted on 12/6/13 at 8:17 am to JonTheTigerFan
The same as closing costs on any other real estate transaction less lender fees.
Posted on 12/6/13 at 9:16 am to JonTheTigerFan
Shouldn't be anymore than 1k
Posted on 12/6/13 at 9:50 am to b-rab2
Thanks guys! Just looked at the paperwork from when I closed on my house earlier this year and $1k seems about right when you subtract out the lenders fees, homeowners insurance, etc. I didn't even think about looking at that until someone mentioned it. 
Posted on 12/6/13 at 12:05 pm to JonTheTigerFan
Just make sure you are getting a title opinion if its $1k.
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