Anne-Marie Mitchell REALTOR

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Costs to Buy a House?

WHAT ARE TYPICAL COSTS TO BUY A HOUSE?

- Earnest Money Deposit (Binder or Escrow Deposit) Typically 1-2% of the purchase price.

Home Inspection: Depends on Square Footage. Starting @ $400-600
Wood Destroying Organisms Report (WDO): Starting @$250
Pool Inspection: Starting @$300
Well lnspection: Starting @$300
Septic Inspection: Starting @$400
Mold Inspection: Starting @$300
Sewer Scope Inspection: Starting @$400
Radon: Starting @$500
Insurance Inspections: Wind Mitigation/4pt: Starting @$150


**Not all inspections are required or applicable to every property.**

- Appraisal: Approx $600

- Closing Costs: 3-5% of the Purchase Price

- Down Payment: Your lender will guide you depending on your type of loan (FHA, VA, Conventional, etc) but if you can pay 20% down you can avoid mortgage insurance.