- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (3)
- ConnieK_Oklahoma
- Contributions:2899
It doesn't seem to make sense to require cash in the bank for 90days on a cash sale- unless there is some critical information we are just missing that just sounds like doesn't apply. I'd get some representation on your side to seek clarification on that- or talk with a title company. Since it's cash there is no one requireing you to purchase title insurance but it's HIGHLY recommended.
- Gloria Carpenter, "The Carpenter Team"
- Contributions:225
Hi. Closing costs for a cash sale should be 1% transfer tax ($930), title insurance ($817), property tax reimbursement to seller (for taxes already paid through the end of the year) and maybe a few hundred extra for deed recording and other minor fees. The 90 day thing makes no sense for a cash deal.
- Linda Strasberg, "L Strasberg"
- Contributions:2315
Not much! Transfer tax...hoa reserve account fees when you purchase in a community governed by HOA...title transfer fees.
Remember to purchase property insurance after it conveys title to you.
Remember to purchase property insurance after it conveys title to you.
Closing Costs for a Cash Home
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.