Costs range from $1,500 to $3,000 ; it ensures no liens exist and protects you from future ownership claims.

Levied by state or local governments, these vary wildly by location (estimated at $1,000–$4,000 ).

You must reimburse the seller for any taxes they have already paid for the period after you take ownership. Fees You Avoid with Cash

Even without a mortgage, you will encounter the following common expenses:

Often 1% to 2% of the home price (roughly $800–$1,600 on a $400k home) for the third party managing the transaction.