What are the customary fees and expenses that are involved in a real estate property purchase with cash, no mortgage. no loan.

Asked 11 months ago - Hollywood, FL

what are the customary fees and expenses that are involved in a real estate property purchase with cash, no mortgage. no loan. what is the property cost about 17,000 dollars. how much would the buyer who is paying for the closing cost to expect to pay at the closing table per se.

Attorney answers (4)

  1. Scott William Fitzpatrick

    Contributor Level 12

    9

    Lawyers agree

    Answered . Some fees are fixed, others vary depending on your local area, and most are negotiable. You should contact an experienced real estate attorney in your locals area to represent you in connection with this transaction. Said attorney can look out for your best interest and make sure your transaction costs are reasonable.

    If this answer was helpful, please mark it as "helpful" or as a "best answer." The answer is based on the limited... more
  2. Marshall C Deason Jr.

    Pro

    Contributor Level 20

    8

    Lawyers agree

    Answered . A lawyer (or a title company if you want to buy title insurance) in the county in which the property is located can give you information on the costs of the closing.

    Disclaimer: This answer is provided for informational purposes only, does not constitute legal advice, and does... more
  3. Jacqueline Alicia Salcines

    Pro

    Contributor Level 16

    7

    Lawyers agree

    Answered . Attorneys fees are usually between $500 and $600.00. As the buyer, you will get a credit for the real estate taxes from the seller, reducing the amount of cash to bring to closing. The other costs are usually courier and wire, will depend on your contract. Lastly, the title insurance policy is usually a seller cost in Broward, however will depend on your contract. Have an attorney assist you.

  4. J. Thomas Smith Ph.D.

    Pro

    Contributor Level 20

    7

    Lawyers agree

    Answered . I agree with my colleague. It depends on region of the country, complexity of your case and attorney's experience. Do consult with a real estate attorney in your area for guidance.

    Law Offices of J Thomas Smith J.D., Ph.D 11500 Northwest Freeway, Suite 280 Houston, TX 77092 713-LAWYER-2 www.... more

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