There are four main cost centers we like to point out to those who are in the market to buy a home. Not just First Time Home Buyers ask this question. We get this question from Move Up Buyers too!
1) Loan Costs – you need to budget to make a deposit for these to your lender.
2) Earnest Money – don’t forget about this!
3) Inspections – a MUST in today’s Real Estate world!
4) Utilities – lots and lots of properties have utilities shut off. It’s more and more important to get these turned on and you may have to turn them on yourself when buying a home.
These are a sample of the main costs when buying a home, but there are always more. We can go over all the costs and create a plan for next purchase next time we meet.