Additional Costs When Buying a Home
There
is no cost to you, as a purchaser, to use the services of Michell
Gunn.
However, you should be aware of some of the costs you will encounter when
buying a home:
| Type of Fee: | Additional Information: |
| Home Inspection | The
cost varies from $275 - $400 and up depending on the complexity
of the inspection, the size of the home. |
| Mortgage Appraisal | The
cost of an appraisal differs from lender to lender, It is best to
check with them regarding all fees and points you might be charged.
Be sure to get a Good Faith Estimate from your lender that shows
the estimated charges and fees. |
| Land Surveyors or Title Insurance | The
cost varies and Michell or your title company can advise you on
the differences. |
| Adjustments | An
adjustment occurs when a seller has prepaid something, like property
taxes or utilities. There are other adjustments which Michell, the
title company, and your mortgage lender will advise you on. |
| Property Taxes, Maintenance Costs, and Utility Bills | They
begin on the day you take possession of your new home. Michell can
give you "rules of thumb" or help you in budgeting for
these expenses. |
| Moving Costs | Renting
a truck or hiring a professional mover - the more of the move that
you can do yourself, the less costly. Don't forget to save a bit
of money to order food in for your first evening. The last thing
you want to do after moving all day is prepare a meal! |
| Household Insurance | Contact
your insurance agent or insurance broker for quotes on fire/theft/liability
insurance. Your insurance professional will review all of your insurance
options with you. |
