Buying a New Home
We don’t just mean the cost of a new home, we mean everything that revolves around it. Remember, when you were selling your old place you weren’t the only one paying different fees. Now you’ll be on the other side of the coin, so you should expect: attorney fees, loan origination fees, appraisal fees, inspection fees, recording fees, credit report fees, and underwriting fees. Oh and, of course, a lender’s title insurance.
Together, they might come to between 2%-5% of the sale price but of course, it’s difficult to tell. Ultimately, it just depends on where you’re moving so we can’t really give you an exact sum.
