Closing Costs: How Much Are They?
Most local house buying companies in Neenah will pay all closing costs when buying your property. This would be a conversation to have ahead of time so you can calculate how much your net offer will be when things are all said & done. How we structure it at CB Home Solutions is we put in the offer to purchase “Buyer to pay both buyer & seller closing costs”. This makes it easy on the title company & then there is a binding contract to follow.
What do closing costs include?
When house buying companies say they will pay “all closing costs” it typically means they will pay for the following items…. GAP Endorsement, Title Insurance Policies, Wisconsin Transfer Tax, Deed Prep, Deed Recording, Special Assessment Letter, Title Research Fee, Etc.
So when you get to adding all of the items up it tends to get quite expensive. When we buy houses for cash we still need to pay all the same fees to the title company. Then, if we go to sell the property after it is remodeled we have to pay all the same fees again. Over the course of the year tens of thousands of dollars go to the title company to cover those line items.
What’s the Catch?
Plain & Simple, there is no catch. As real estate investors if we make you an as is cash offer we will put in the standard language of paying all the closing costs. All that we want is to use our preferred title company here in the area. (Closing & Title Services) This will save everyone time, money, & frustration as we only work with the best companies here in the Fox Valley.