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About what will one pay for closing cost

cash payed at auction what will closing cost be anyone know? in the state of florida

  • April 08 - Floral City
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Answers (2)

If you are paying cash for the house, then this will be different than if you financed a portion of it. You will have to pay for the taxes on deed and title transfers, and this will depend on the purchase price. In a traditional sale I adivse clients they will pay 4.5% for everything (lender fee, title company fee, taxes and insurance). If you buy the home cash you don't have to insure it (would not recommend this). Too many variables need to be addressed to provide an accurate number.
  • April 09
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Auctions are tricky.  You need to check the website and there should be a place where they disclose The buyer premium amount usually 5%.  You will have to pay to record the deed.  There will be charges to you from the title company.   The above are usual and normal with Auctions.   The unknown charges can be discovered if you know where to look or who to call.  I hope this helps you.  I think the last time I did this the property was identified and the terms were agreed before the buyer was alerted to all the fees.  The Title company or the Auction Company should be able to ballpark the numbers for you.
  • April 08
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