What Costs Are Involved in the Purchase of a New Home?

May 1, 2017

Typical Home Buyer Expenses:

• Home inspections
• Surveys
• Their share of yearly property taxes
• Property association dues, and other similar fees (prorated for date of closing)
• Fees for a title search and duties performed by their attorney, title insurance policies, hazard insurance for a year, down payment and lender fees, flood zone certification fees, funds to open lender escrow accounts for property taxes and insurance that will be paid by lender the following year