Buying a house with cash will make you feel like a million bucks. Maybe you came into a large inheritance, or you’re just really good at saving. Either way, paying the price of the home in full means you won’t have to worry about making mortgage payments. Plus, sellers love a cash offer because it means they won’t have to wait for mortgage lenders to approve your funding. High-fives all around!
You will, however, still be responsible for closing costs when paying cash. Don’t forget about these expenses you’ll have to cover, even if you plan on financing the house with cold, hard cash. Here’s what to know about closing costs for cash buyers.