Understanding the Costs of Buying a Home

Buying a home involves several expenses beyond the purchase price. Here’s a breakdown of the costs you should budget for.

1. Down Payment
   Typically 3-20% of the purchase price, depending on your loan type.
2. Closing Costs
   Include fees for title, appraisal, and lender fees. These can add up to 2-5% of the loan amount.
3. Home Inspection and Appraisal
   Essential to ensure the property’s value and condition.
4. Moving Costs and Utilities
   Budget for moving expenses, utilities, and home maintenance.
5. Realtor Fees
   These are negotiable but often times sellers will pay the buyer agent, and will be discussed with you prior to seeing any homes.

Conclusion: Being prepared for these costs will make your buying experience smoother. Seasons Real Estate can help you understand what to expect every step of the way.