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Are There Closing Costs if You Pay Cash for a House? Yes: Here’s What to Expect

Redfin

Many cash buyers assume that by sidestepping a home loan, they also bypass the complex array of fees associated with closing. However, this is a common misconception.The truth is, even when you pay cash for a house, closing costs are a fundamental part of the transaction. home purchases were made in cash in 2024.

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What is Due Diligence in Real Estate?

Redfin

Earnest money is a good-faith deposit held in escrow that can be applied to closing costs or the down payment. During the due diligence period, the buyer is allowed a set amount of time, typically outlined in the purchase agreement, to fully investigate the property before finalizing the sale.

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40 Real Estate Forms You Need to Sell Your House

Redfin

15 documents to have before listing your home Collect paperwork that highlights your homes selling points for an accurate pricing strategy, additional documentation to pass on to the new owners and other real estate forms required for the sale. Particularly youll need the original purchase agreement and deed.

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Conveyance in Real Estate: Defined and Explained

Redfin

Conveyance is when the property you’ve worked tirelessly to purchase becomes yours, and you’re transferred the deed and title. Once the property is conveyed during the closing process , it’s yours. The conveyancer is typically the closing agent at a title company or a real estate attorney.

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What are transfer taxes? Everything homebuyers and sellers should know

Redfin

Whether you’re purchasing a brownstone in Brooklyn, NY , or selling a ranch-style home in Tucson, AZ , understanding how transfer taxes work can help you avoid unexpected costs and negotiate smarter. In real estate, it’s typically assessed when a home or parcel of land is sold and legally changes hands. Apply the rate.

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Selling a House ‘As Is’ in South Carolina

HomeLight

An as-is home sale means the seller isn’t planning to make repairs or offer credits for issues the buyer might find. The buyer understands they’re purchasing the property in its current condition. This type of sale often signals that things like an aging roof or a worn-out appliance may not be fully functional or have much life left.

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What to Know About Selling a Home As Is for Cash

Rochester Real Estate

Understanding the cash sale process, weighing the pros and cons, finding a reputable cash home buyer, and preparing your house for a cash sale are all essential steps to ensure a successful transaction. Research and seek recommendations for trustworthy companies or individuals specializing in cash purchases.