When purchasing a home, there’s more than just the sales price of the house to consider—there are actually quite a few hidden costs that most buyers need to know about before they submit an offer on a home: appraisal fees, moving fees, tax service fees, title insurance, and more.
On average, the typical closing cost on a home can equal almost 4% of the sales price. If you’re buying a $200,000 home, those costs can be upwards of $8,000. For a $500,000 home, they can be around $15,000.
Suffice it to say that there are many costs involved with the home buying process. If you’d like a quick breakdown of what costs you can expect to pay in the specific price range you’re searching in, don’t hesitate to reach out to me. You can also visit my website at www.JohnQuinnTeam.com, where you’ll find a list of the things you might expect to pay for during a home purchase.
As always, if you have any general real estate questions, feel free to contact us. We’d love to help.
