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Buying A House in Cash? Don’t Forget About These Fees

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Even if you have a suitcase full of cash to buy a house, you’re subject to fees. Read on to find out what fees you’ll still have to pay, even if you’re buying in cash.

buying-a-house-in-cash-fees

All buyers are subject to closing costs.

You won’t have any loan-related fees if you are buying a house in cash, but you still have other fees that fall under closing costs.

  • Real estate transfer taxes
  • Title insurance fee
  • Appraisal fee
  • Home inspection fee (unless you waive inspection)
  • Processing and filing fees, including a Recording fee for you to officially be on record as the homeowner in the eyes of the county or state
  • Real estate attorney (some states require a real estate attorney, while others do not)
  • Underwriting
  • Prepaids, like property tax and hazard insurance premiums (if applicable)

Keep in mind, though, that when you buy a home with Torii as your real estate brokerage, you’ll be able to save a bunch in the long run. Reach out and we’ll walk you through it.

Check out the Torii Closing Cost Calculator to figure out your estimated closing costs.