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This new article from
The home ownership costs guide goes on to reveal some of the expenses that home buyers should prepare for and take into account when planning their future budgets as home owners. The first expense that might not be immediately apparent for new home buyers is the closing costs.
"Before you even put the key in the lock, you will need to deal with closing costs, which vary from state to state, but can run into thousands of dollars. The list can get lengthy, but the list of closing costs typically include the appraisal, inspections, title insurance fees, fees related to pulling your credit report and other expenses. You can expect closing costs to run about 2 to 5 percent of the purchase price of your new home. on your agreement with the seller and what is contained within your accepted purchase to offer, the seller may assume all or a portion of the closing costs, getting you off the hook. You may also include some of expense in your offer so that you do not have to come up with the additional cash upfront."
The other home ownership expenses that the article looks at include:
• Property Taxes
• Ongoing Maintenance and Repairs
• Furniture and Decorating
These are all expenses that may crop up when securing financing for a house, or later on when the home owner is already living in their new home.
For more information on these hidden home ownership costs, click here to view the full guide on LoanLove.com.
Read the full story at http://www.prweb.com/releases/loan-love/costs-of-owning-a-home/prweb11831231.htm
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