Saving money on your home purchase can make a big difference in the long run. Here are 5 costs to budget for when buying a home:
- Staging fees: These fees can range from $300 to $1,000 and cover the cost of preparing your home for sale.
- Selling agent commissions: Typically 4-6% of the sale price, these fees can add up quickly if you're working with an agent.
- Home inspections: A thorough inspection can cost anywhere from $300 to $1,000 or more, depending on the type and complexity of the inspection.
- Mortgage origination fees: These fees typically range from 0.5% to 1.5% of the loan amount and are charged by the lender.
- Closing costs: These fees can range from 2-5% of the purchase price and include items like title insurance, appraisal fees, and attorney fees.