View Full Version : Fees involved in buying a home
jjohnn77
May 30, 2012, 11:29 PM
If I buy a home and pay full cash amount, is there still a fee for passing papers, or how does that work... thank you
Curlyben
May 30, 2012, 11:58 PM
Normally there is an additional fee for the appropriate deed paperwork, etc.
jjohnn77
May 31, 2012, 12:22 AM
OK, thank you very much, I'm sure that fee isn't 5 or 6 thousand like regular passing..
ScottGem
May 31, 2012, 03:31 AM
This varies widely by area. Consult a local real estate broker or mortgage lender who can give you a better idea of what fees are involved in transferring ownership. There can be several costs involved in a home purchase beyond the cost of the home. Title search, appraisal, title insurance, transfer taxes, closing fees and more. While there are some costs that are related specifically to getting a mortgage, that you would save, there are others.
jjohnn77
May 31, 2012, 06:36 AM
This varies widely by area. Consult a local real estate broker or mortgage lender who can give you a better idea of what fees are involved in transferring ownership. There can be several costs involved in a home purchase beyond the cost of the home. Title search, appraisal, title insurance, transfer taxes, closing fees and more. While there are some costs that are related specifically to getting a mortgage, that you would save, there are others.
Thank you again, you have been very helpful, thanks for your time.