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Wednesday, May 18, 2011

The Hidden Costs of Buying A House

From Not Made of Money

Venturing into the wonderful world of home ownership is exciting! However, it may also bring you some unwelcome surprises if you’re not well-prepared. There are various costs associated with buying a home – expenses that go beyond the purchase price of the house. To this end, here are some expenses you can expect to encounter when you buy a home:

Closing costs
These can add up to $5,000 or $10,000. You can negotiate with the seller to split them with you. The seller may be willing to pay most or all of these fees. The Title Company will give you a detailed estimate of these fees prior to closing. Examples include .... .

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