Even without a mortgage, you will encounter the following common expenses:
Often 1% to 2% of the home price (roughly $800–$1,600 on a $400k home) for the third party managing the transaction.
If required or desired, expect to pay $500 to $1,500 for legal oversight.
You must reimburse the seller for any taxes they have already paid for the period after you take ownership. Fees You Avoid with Cash
Even without a mortgage, you will encounter the following common expenses:
Often 1% to 2% of the home price (roughly $800–$1,600 on a $400k home) for the third party managing the transaction.
If required or desired, expect to pay $500 to $1,500 for legal oversight.
You must reimburse the seller for any taxes they have already paid for the period after you take ownership. Fees You Avoid with Cash
