Buying a home is not like buying a car with no money down. As with other services, there are many other fees associated with buying a new home besides the purchase price you should be aware of. When it comes to purchasing a new house, preparation is key to a successful home buying process. Here are a few costs you might need to plan for outside of the purchase price and mortgage.
Using an example of a Home that cost $300,000. The following is rough estimate, in the Denver Metro. Your coast could be different in different markets and at different price points.
The big 3, you will pay before closing on your new home are Earnest Money Deposit, a Home Inspection and the Appraisal from the mortgage lender. The good news is, as a buyer you DO NOT pay a Realtor cost, since the Sellers will usually pay us to bring you to them.
As a full-time real estate professional, I have the tenacity and resolve to see you through to the realization of your real estate dreams and goals.
You can start searching for homes right now on my website, 5280Realestate.com, or give me a call to talk one-on-one.