You have started dreaming about your “perfect home”, so what comes next? The next step is to find out the price range that you can afford by getting pre-approved. While each transaction varies, here are some of the costs you should prepare for:
✅Earnest Money Deposit: Usually 1-3% of the purchase price and due when your offer is accepted.
✅Home Inspection: Averages $300-400 and paid at the time of inspection.
✅Appraisal: Averages $300-$400 and is included in your lender’s closing costs.
✅Closing Costs: Usually around 6% of the purchase price, paid at closing.
✅Down Payment: The amount of the purchase price not being financed, due at closing.
✅Moving Expenses: Depends on the quality of the friends you keep! Your mortgage lender, title agent, and Realtor can help you with an estimate on closing cost.
I would love to help you take the next step to get your finances in order so you can be on your way to your “perfect home”! Connect with Mary and request a copy for the step by step buyer guide.
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