Found 1 blog entry tagged as hidden costs of buying a home.

Avoid unwelcome surprises when purchasing your next home by preparing for these additional home buying expenses.

Home Inspection 

While home inspections are optional, any good REALTOR® will encourage you to have one done before putting in an offer. This is an essential step if you hope to avoid costly repairs, maintenance or other home-related issues later on.

Estimated Cost: $200 – $500

Adjustments 

In short, adjustments are costs accumulated between your closing day and when you begin making your first payments. These might include interest charges and other prorated costs associated with utilities, fees or property taxes prepaid by the seller.

Estimated Cost: $400 – $700

Property Taxes

First-time buyers, especially, need to…

1197 Views, 0 Comments

Read Full Post