Hidden Costs of Home Buying

Have you been saving your pennies and think you’re finally ready to buy a home?

Most first-time homebuyers know that they need to budget for a down payment.But many overlook the other costs involved. If you’re preparing to buy your first home, make sure you have enough to cover additional expenses, like a home inspection, appraisal, insurance, and closing costs.

Here in Cypress and Southern California, you can expect to pay around…

  • $4-500 for a home inspection,
  • $5-600 for a home appraisal,
  • And around $60-120 monthly for home insurance.

Closing costs can vary, but are typically just shy of 1 percent of the home’s purchase price. Don’t let these hidden fees derail your homeownership plans.

Reach out for a free, no-obligation consultation. We’ll fill you in on everything you need to know about buying a home in today’s market!