Below are some costs that a Buyer may incur in the process of purchasing a home. Besides closing costs, the Buyer should plan on having additional funds available for the items below:
- Inspection(s) of the Property
- Appraisal
- Attorney Fees
- Title V Inspection (if applicable)
- Home Owner’s Insurance (escrow equivalent to one year premium)
- Private Mortgage Insurance
- Title Insurance
- Real Estate Taxes
- Condo Association Fees (if applicable)
- Moving Company and Moving Costs
- Maintenance
- Renovations
- Utilities
- New Furniture/Furnishings
- Personal Touches