You’ve been searching online in Greenville, in Taylors, and in Greer. You’ve read the articles about new housing in Simpsonville and Duncan. Your friends have recently bought a house. A new year has got you thinking about what changes you want to make.
You’re at the point when you realize you could pay less on a mortgage with more room to move than the apartment you are living in with all it’s limitations.
You feel cramped. The pressure is on.
Now is not the time to be impulsive!
Please hear me out.
It costs money to buy a house beyond that dreamy monthly mortgage payment. Even if the seller agrees to pay a portion of your closing costs or you get 100% financing, there are other costs involved. Take a look:
Earnest money – if you are a serious buyer, you’ll have a deposit to put down.
Paying for the inspection – believe me you’ll want to know about any serious issues.
Appraisal – this tells you the value of the house.
Lender fees – I know it’s the bank’s business is to lend you money…it will cost you something at closing.
Taxes – the city or town you’ll live in wants a cut too.
Homeowner’s Insurance – Yes. Yes…and yes.
HOAs (Home Owner Association) – this is dependent on where you buy your home, make sure you are well informed.
It would be smart to set aside approximately anywhere from $2,000 to $3,000. Check with your agent.
These are important things your agent should make you aware of. Frequent communication is key so make sure the agent you are working with is a right fit.
If you have any questions, it would be our pleasure to help 864-643-0474.
We would love to show you the way home!
Author:Blanca Garcia Phone: 864-214-3014 Dated: February 26th 2015 Views: 4,188 About Blanca: Welcome! I am the Client Care Specialist for the Wondracek Realty Group. After more than 15 years in...
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Wondracek Realty Group is a fast-growing independent real estate brokerage serving the Upstate and Low Country of South Carolina. Our purpose is to make sure your real estate transaction is a success. Your next big move is our priority.