As a home buyer, you need to know what to expect in terms of costs you will incur in purchasing a home.
You will not have to pay the REALTORS commission so use one. There are so many things a professional can help you with such as financing information, searching, negotiations and processes and procedures.
1. Earnest money - usually 1% of the offer price.
2. Option fee - about $200.
3. Whole house inspection - about $350 and up depending on the size of the home.
4. Termite inspection - about $75.
5. Appraisal - about $450.
6. Closing fees - from the lender and title company ares estimated at 3% of the cost of the purchase.
7. Other fees - depending on the terms of the loan, the lender may require prepaids.
8. Your downpayment amount.
For further explanations or help in purchasing a home contact me at 589.7988 or robin@robinscottrealtor.com
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Buying or selling? Hire an experienced professional. Call Robin Scott, Broker at 512.589.7988.
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