What are approximate closing costs on a cash purchase?
A. Home inspection at buyer’s option- ranges $350 -$500 – depends on property size, features, pool. Termite inspection at buyer’s option – ranges $80 to $120 Recording fees for deed – $20 Homeowners associations dues & transfer fee (if applicable) Condo approval fee and dues (if applicable) Survey at buyer’s option – $250 First year homeowners insurance and flood insurance (if applicable) Settlement or closing fee charged by title company – ranges $150 to $400 Note: Property taxes for the current year are prorated between buyer and seller at closing.
