Need Closing Cost Help/Information

[Jeff Lee]

I'm a bit ignorant when it comes to closing costs. I've made a 100% cash offer on a home and I'm not sure how to proceed.

1. What items are there?

2. Where/Who can I obtain what is required?

3. Can I pick the company for, say, the title insurance? Or does the seller dictate? 

4. Can I choose/ask the seller to split costs with me? Is there any traditional way of who pays or is it on the buyer?

Please provide any relevant info.

[Michael Faulk]

@Jeff Lee Congratulations on your deal. Here are my own personal suggestions

1) Consult a Title company. I have used Mosley/Rogers Title on Texas St., United Title on Airline (Next to 2Johns Steakhouse), Interstate Title on Benton Rd. The choice is yours but as @Wayne Brooks mentioned they will be able to lead you in the right direction. 

2) I am not a Realtor by any stretch of the imagine but... You need to get a contract in writing. Google... "Louisiana Buy/Sell Agreement" and one of the first search results will be a exact replica of what Real Estate agents use in the State of Louisiana. 

3) Did you appraise the property? I have suggestions on appraisers if you need anyone

4) Are you going to inspect the property? I also have suggestions if you need anyone. 

5) Have you chosen a Homeowners Insurance Policy?

6) What is your strategy with this deal? Buy/hold, Fix/flip... 

Just my two cents sir... I don't want anything "unexpected" to happen that you didn't plan for. 

Michael