How quickly a cash buyer can close
The title search and the seller's payoffs usually set the pace. With a clean title and quick payoff statements, a cash closing can happen in days rather than weeks.
Costs on a cash purchase
There are no loan fees and no lender's policy. Remaining costs typically include the owner's policy (depending on your contract), settlement and recording fees, and prorated property taxes.
Don't skip the owner's policy
With no lender asking for title insurance, cash buyers are the ones most tempted to go without. An owner's policy is the only protection for the full price you paid.
Common questions
How much are closing costs when paying cash?
Lower than with a mortgage, since there are no loan costs. Use the closing cost calculator for an estimate, or request a title quote for exact title figures.
Do I still need a title search if I pay cash?
Yes. It's how you find out whether the seller can actually deliver clean ownership.