Planning downsize and selling current home in Texas, moving to a nearby city and buying a newly built home for cash. Am I correct with following assumptions?
Selling- only fee as seller will be realtor commission...
Buying- closing costs with loans seem to be between 2% and 5% of purchase price... what are they when all of the lender fees, credit reports, etc are not an issue? Is there title insurance on a newly built home?
Taxes- in Texas, there is no real estate transfer tax, so other than prop taxes, there are no taxes on the transaction ..correct?
Selling- only fee as seller will be realtor commission...
Buying- closing costs with loans seem to be between 2% and 5% of purchase price... what are they when all of the lender fees, credit reports, etc are not an issue? Is there title insurance on a newly built home?
Taxes- in Texas, there is no real estate transfer tax, so other than prop taxes, there are no taxes on the transaction ..correct?