Common closing costs
Here's a list of common closing costs that cash buyers may be required to pay:
- Appraisal.
- Property inspection.
- Title insurance.
- Survey.
- Escrow fees and bank transfer fees to fund escrow.
- Notary.
- Taxes, such as property tax.
- Local, county, and state government fees.
- Attorneys fees.
- Homeowners insurance premium.
Many of these fees are fixed costs, such as home inspections, appraisals, and notary fees, while others, such as taxes, escrow, and insurance premiums, will be based on the property value or the selling price. Other fees, such as attorney's fees, can also vary, depending on location and the extent of the services the buyer requires.