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13 Extra Costs to Be Aware of Before Buying a Downtown Loft
Whether you’re looking to buy your first home, or trading up to a larger one, there are many costs – on top of the purchase price – that you must figure into your calculation of affordability. These extra fees, such as taxes and other additional costs, could surprise you with an unwanted financial nightmare on closing day if you’re not informed and prepared.
In addition to buyer’s closing costs, extra appraisal fees if no carbon monoxide detector installed and loft inspection fee, there are other common fees:
1. Appraisal Fee
Your lending institution may request an appraisal of the property which would be your responsibility to pay for. Appraisals can vary in price from approximately $175 -$ 300.
The #1 Downtown buyer’s agent, Corey Chambers is a Realtor® with the Double Platinum award-winningteam. J.D. Power Award 2012 – Keller Williams Realty ranked Highest in Overall Satisfaction for Home Buyers and Sellers Among National Full Service Real Estate Firms. DRE#01889449