Buying a home is an exciting and rewarding experience, however costly, so be sure to budget and save for fees included in the purchase. Below are a list of fees that a Buyer is usually expected to pay;
1) DOWNPAYMENT
2) BUYER REPRESENTATION PROFESSIONAL FEE
* The professional fee is not set by law, and negotiable between buyer and broker
3) ESCROW FEE ( 1/2 BUYER’S SIDE)
4) HOME INSPECTION FEE
5) LOAN APPLICATION FEE
6) APPRAISAL FEE
7) TITLE INSURANCE (FOR THE LENDER)
8) FIRST MONTH’S INTEREST FOR THE LOAN
9) LOAN POINT FEES AND TRANSACTION FEE
10) NOTARY FEE
11) RECORDING FEE
12) FIRE INSURANCE
13) TAX PORTION
