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The large costs and paper work involved in buying a house are a product of: * getting a mortgage * getting the mortgage provide funds for and title company to
by olliej 5y ago
The large costs and paper work involved in buying a house are a product of:
* getting a mortgage
* getting the mortgage provide funds for and title company to create the escrow
* a few other random bits?
If you say no escrow, all cash, you can generally walk into the title company with a [bank] check. If you want escrow you have two checks some amount of time apart.
A lot of the costs are realtor fees, I like to imagine those are avoidable, but I do not know how (as an industry they do a lot to make things opaque)
- legitster 5y agoWhen we bought our last house, the title transfer alone was about $500 (a couple hundred went to the state just to file), and the title insurance was about $750. My understanding is that even if we got the house for free, we would still have to have paid this amount. The insurance is crazy part when you think about it. Even paying the $500, there's not a guarantee you actually rightfully had the title.