Prepare Your Buyers for the Extra Housing Costs

Home buyers don’t usually know what to expect when budgeting and planning ahead for the costs of buying a home. There are some smaller fees mixed into a home purchase that can get overlooked, but they still add up.

Below are some of the lesser-known fees that buyers should budget for:

Home inspection - A home inspection can help buyers spot any structural or other conditional problems with the home before they buy.

Typical cost: $300 to $500

Appraisal fee - This report goes to the lender to make sure the property that they’re buying is worth the amount they’re paying.

Typical cost: $200 to $425

Title services - This cost covers a title search of the public records on the property, as well as notary fees, government filing fees, and some additional items.

Typical cost: $150 to $400

Survey report - This report will outline the property’s boundaries.

Typical cost: $150 to $400

Application fees - The lender will run a credit report and charge an application fee before approving anyone for a loan. Lenders can provide a breakdown of the application fees so that buyers are aware of all the costs.

Typical cost: $75 to $300

Talk to a knowledgeable Transaction Coordinator today! For your Transaction Coordination needs, Reach us via: Email: tacha@desiredrealestateservices.com Call us: 407-801-2634 Check out our website: http://www.desiredrealestateservices.com/