Excited to own a new home? Let’s keep it that way

Are you thinking of buying a home? It’s the American dream, and so very worth the effort, but some buyers find their happiness dampened when they learn there are a number of charges and fees involved in buying a home. Let’s take a look at some of the costs involved in buying a home, including some after the deal is inked:

Inspection. This is where an inspector will look outside and inside the house to detail any apparent or hidden flaws. You can negotiate who will pay for the inspection, and once you have the inspector’s report, you can negotiate who will pay to fix any problems. The inspection typically costs several hundred dollars, and the buyer usually pays that fee.

Appraisal. The buyer usually pays the appraisal fee, as well. This covers the expense of having a professional appraiser compare your home to recent sales of homes in your area. The purpose is to assure the lender that the house is worth what you’re willing to pay. This fee, like underwriting, recording, title insurance and other miscellaneous charges, will be paid at closing, perhaps rolled into your mortgage.

Taxes. The property taxes are typically prorated and charged at the time of closing.

After the home is your’s, you will need to pay someone to move you — or rent a moving van yourself. Will you have to find new furniture ? Don’t forget about extra furnishings you will need, such as rugs, linens, curtains and wall decorations. If the house is in a development with a homeowners association, you also will have that annual fee.

Don’t let the prospect of these expenses overwhelm you, though. The associates here at are ready to walk you through the entire process and answer any questions you have. We want you to find the right house and right mortgage for your needs!