Closing costs on a cash sale? | TigerDroppings.com

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JonTheTigerFan
LSU Fan
Central, LA
Member since Nov 2003
4668 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.






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dragginass
Member since Jan 2013
271 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
67595 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
22497 posts
 Online 

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
10539 posts
 Online 

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
9629 posts

re: Closing costs on a cash sale?


Shouldn't be anymore than 1k





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JonTheTigerFan
LSU Fan
Central, LA
Member since Nov 2003
4668 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.





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rmc
LSU Fan
Zachary, LA
Member since Sep 2004
22497 posts
 Online 

re: Closing costs on a cash sale?


Just make sure you are getting a title opinion if its $1k.





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