Most buyers are aware of some of the fees that are paid during the purchase of a home such as title and escrow fees, but there are some smaller fees that are sometimes overlooked. Here are some of the lesser-known or overlooked fees that buyers should budget for that will be paid upfront during the transaction.
A common practice that we see a lot with new buyers when they start looking for a new home is they call a Realtor and start looking at homes they think are in their price range. This can be very hard because when they go to talk to a lender usually things get put into perspective and it does not always align with what the buyer thinks they will qualify for.
Talking to a lender is truly the first step in the home buying process because they are able to help you understand the price point that you will qualify for without straining yourself as well as develop an avenue to achieve home ownership. We have laid out why it is important to get pre-approved!
Congratulations! Perhaps you just got an offer accepted and you are in escrow or you are just curious about what goes on during escrow. Either way it is important to know what types of inspections you can have done as a buyer so you can move without the anxiety of the unknown. While this is not a complete list of all the inspections possible, here are some of the important inspections that can help clear the air around your new home.