5 Hidden Costs of Homebuying

44 % of Homebuyers aren't aware of the various costs associated when buying property.

Amongst them are:

• Home Inspection which run from $300 to upward of $600

• Potential Renovations, or the purchase of new appliances and/or furniture can offset your upfront down payment and closing costs.

• Closing Costs which range between 2 and 5% of the loan amount.

• Moving Costs which can easily start at $1,400 on average for a local move move of less than 100 miles.

• Title Insurance

• Appraisal can be considered the 6th widely unexpected cost from Buyers. It allows to assess and confirm the market value of the property for purposes of obtaining the mortgage loan.

Click here to Contact Us if you have any additional questions.