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So... if you really wanted to, you could make an offer 'on a cash basis' and still completely ethically and morally apply for and get that cash from a mortgage lender, assuming you make the appropriate deadlines.

But, will most likely have to show proof of funds. Only the dumbest Realtor would allow his/her seller to sign papers without it for a cash sale. Also, if you say you are paying cash and then do not have the funds to follow through, be prepared to lose any good faith money you have put down.

2. What would be my closing costs on a CASH sale of this nature?
I'd SWAG it at around $500-$1,500 tops.

All depends. Each area has it's own expectations of transfer taxes and fees. Plus the seller will need to have taxes already paid be reimbursed. Your Realtor should be able to give you a very good estimate of closing costs BEFORE you submit a contract.

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