Closing CostsBuying a home not only costs the amount you pay for the property but there are other expenses involved in the transaction. Real estate agent fees, title fees, and insurance are all items that need to be paid for at closing. A buyer can negotiate the closing cost into the sale of the home, but they may also be responsible for paying both parties' closing costs if negotiated that way.
Home InspectionMost home loans will require a home inspection of the property. A professional inspector will evaluate the home to ensure it is safe. An inspection report will recap the inspection and state any recommendations for repairs. It is a very helpful document and can save a buyer from buying a home with a major issue. The inspection is typically paid for by the buyer.
Moving ExpensesMoving can be an unexpected expense. Whether you plan on buying food and gas for your helpers or hire a professional moving company, it will likely cost you to move your belongings. It's important to plan ahead for the cost of moving when you purchase a home.
Homeowners InsuranceThe home will need to be insured as you make your purchase. Most mortgage companies will need proof of insurance before the loan is complete. It's best to shop around and find the best rate for homeowners insurance. Often times, the insurance money is wrapped into your mortgage payment.
Now that you are aware of some of the costs associated with buying a home, you can move forward with confidence. As your experienced real estate agents in Sunrise Beach, MO, we want to help prepare you for the home buying process. Saving money now can help to lessen the financial strain that may come when you make your home purchase. Give Eagle's Nest Realty a call today to start your home search at the Lake of the Ozarks!
Call (573) 374-0769 to schedule a showing today!