What fees come out of the profit from an all cash offer? I.E. closing cost, etc. Is there a general percentage people use or another formula for this question? We're talking specifically in the Omaha, NE area.
I don't know about a general percentage but we had a loan through family and essentially paid cash for our house. It was about $500 closing costs for us. I think that covered title fees and county recording fees. The sellers still paid the 6% for agents' commissions.