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Real Estate
Reply to "Buying house with cash"
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[quote=Anonymous][quote=Anonymous]Under what circumstances does it make sense to buy a house with cash (no mortgage)? How would you decide, assuming you have the cash to afford the house?[/quote] I bought a place for cash from a person who owned place with clean title. My lawyer and his lawyer passed title for one dollar. I handed him check for house minus a second check to pay his realtor. We basically had almost zero closing costs. My lawyer did title insurance. My lawyer also only charged $1,500 for closing as easy. The realtor fee was only 3 percent as it was just seller's realtor. Closing took like 5 minutes. I had clean title from day one. I did have a home inspection and two small issues. Seller fixed one and said for second item a broken dishwasher that was my problem. Fine. It was old anyhow. I just got a new one. [/quote]
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