2007-02-01 22:57:29 · 3 answers · asked by acortes410 1 in Business & Finance ➔ Renting & Real Estate
Buying a house in full? I suppose you mean paying for it outright rather than getting a loan? In that case: no, you will not need to pay extra. Quite the opposite: you will save a lot of money on closing costs. Even paying cash for a house I would use a reputable Title Company to ensure the title is free & clear, escrows are paid in full, etc.
Rick
http://www.fairwaymortgagelending.com
2007-02-01 23:02:49 · answer #1 · answered by Fearless Leader 4 · 0⤊ 0⤋
When you say in full I assume you mean pay for it up front. You can do a quick claim deed and go around the normal steps in a closing company as long as you take care of the recordings and so forth. No need to pay out what you don't need. You must be completely happy with the home and intend to deal with any problems that occur later during what would normally be something under the time period when the seller would have to take care of the problem. I've done quick claim deeds and have had no problems so far. I've many times gone completely around the real estate agents and bought directly from the seller.
2007-02-01 23:04:52 · answer #2 · answered by Anonymous · 1⤊ 0⤋
If anything, sellers who pay cash in full often get a house for under what mortgager's pay, because the seller doesn't have to worry about whether or not the buyer will qualify for their loan or the mortgage company will decide the property is priced too high and therefore refuse to underwrite it.
The deals close a lot faster.
2007-02-02 00:50:28 · answer #3 · answered by Cynthia D 5 · 1⤊ 0⤋