Be prepared to buy!

A home is a big purchase! It is probably the most expensive thing you will ever buy, and there are lots of expenses you might not even know about! Be prepared before you fall in love with a home. Some of them include:

Cost of buying a home:

One Time Costs:
Down payment (minimum 5% of sale price)
Legal fees
Title insurance
Inspection Fees
Property Transfer/Taxes (1% of sale price or the assessed value; whichever is greater)

Monthly Costs:
Mortgage
Utilities
Maintenance
Insurance
Property Taxes

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