Closing Costs for a Cash Buyer in Santa Clarita CA

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    Cash Buyers under a million dollar price point in the Santa Clarita Valley cities are not very common. Most people are using financing to buy residential real estate under that dollar amount.

    When you talk about buying over 3m in Beverly Hills, Brentwood, Bel Air – etc – those home buyers are going to be using cash and very few will be using financing.

    A home buyer’s closing costs – the costs which are tagged onto the purchase of residential real estate consist of three things.

    • The Lender’s Fee

    • The buyer’s part of the escrow fee

    • The buyer’s part of the title insurance fee

    As you can see – if you are a cash buyer of real estate – the “lender’s fee” is not part of your fees. Therefore, your closing costs as a cash buyer will be approximately 1.5% of the purchase price and that would include your part of escrow, title insurance and proration of property taxes.

    I hope this helps clear up the real estate closing cost amounts and gives you some additional insight into purchasing real estate in the smartest of ways.

    When you are ready reach out to me directly via SCVnest.com or by calling. I still pick up the phone 🙂 661-400-1720

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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