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JonTheTigerFan
LSU Fan
Central, LA
Member since Nov 2003
4933 posts

Closing costs on a cash sale?

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.


dragginass
Member since Jan 2013
560 posts

re: Closing costs on a cash sale?
I paid $1500 to close on a $40k lot a few years ago. Cash sale.


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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
78165 posts
Online

re: Closing costs on a cash sale?
maybe some title work


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rmc
LSU Fan
Zachary, LA
Member since Sep 2004
22787 posts

re: Closing costs on a cash sale?
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 at 7:32 am


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VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
13794 posts

re: Closing costs on a cash sale?
The same as closing costs on any other real estate transaction less lender fees.


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b-rab2
LSU Fan
Lafayette
Member since Dec 2005
10428 posts

re: Closing costs on a cash sale?
Shouldn't be anymore than 1k


JonTheTigerFan
LSU Fan
Central, LA
Member since Nov 2003
4933 posts

re: Closing costs on a cash sale?
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.


rmc
LSU Fan
Zachary, LA
Member since Sep 2004
22787 posts

re: Closing costs on a cash sale?
Just make sure you are getting a title opinion if its $1k.


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