Is there closing cost if you pay cash for a house?

+1 vote
asked May 29, 2018 in Real Estate - Renting by Lenonkee (390 points)
Is there closing cost if you pay cash for a house?

1 Answer

0 votes
answered May 29, 2018 by lulumeon (40,870 points)
Yes there are closing costs when you pay cash for a house but you most likely do avoid other fees that are associated with buying a house through a mortgage.

The closing costs for a home that is $50,000.00 would be around $2,500.00 and is paid by the buyer when they close on the house.

You'll also need to pay title and deed fees on the property when buying a house for cash.

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