Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

How do I calculate closing costs when i purchase a home in cash?

The home is $5000 and i want to see about how much closing costs would be

5 Answers

Relevance
  • 1 decade ago
    Favorite Answer

    If you are buying the home cash. the fees you need to be concerned with are the title insurance the property insurance the recording fees realtor fees if any. Anything more than that I am not aware of. Oh yes and attorney fees USE AN ATTORNEY you need to make sure the title is not defective and unless you know what you are doing that is not something that a lay person can do. The title company has people there to protect them You need somebody there to protect you.

    Source(s): real estate broker
  • Bill
    Lv 7
    1 decade ago

    Your closing cost may be almost as much as the price of the house. Closing cost are not proportionate to the purchase price. It cost as much to handle a $5000 sale as it does a $50,000 sale.

  • 1 decade ago

    your closing cost should be '0' just have the title searched and make sure the house has no leans on it. If so the owner will pay them off before you buy.

  • KL
    Lv 5
    1 decade ago

    Contact the title company that is performing the closing. They should be able to provide you an estimate.

  • How do you think about the answers? You can sign in to vote the answer.
  • Anonymous
    1 decade ago

    I would start by speaking to a Realtor. They would be able to answer most of your questions.

Still have questions? Get your answers by asking now.