Four Hidden Costs of Buying a Home You Need to Know

In this video, I wanted to share four hidden costs that many buyers overlook when starting their home buying journey. First, there’s the earnest money deposit, typically around 1% of the purchase price, which is required upfront. Next, you’ll need to budget $400 to $500 for a home inspection, and an appraisal cost of $500 to $600 is usually required at the time of loan application. Lastly, don’t forget about homeowner’s insurance, which is essential for closing on a loan. If you’re interested in more details, I invite you to schedule a buyer consultation with me to dive deeper into the process.