What's the number of times the letter "f" appears in:
Buying a home is a big first step and you have no equity so you need cash! Don't forget that there are additional costs associated with purchasing a home beyond the official price of the home.
Have you saved enough for your down payment? If you are a first time home buyer and the home you are purchasing is less than $1,000,000 you can qualify for a down payment of 5%. If the home is more, or you are buying a second home or an investment property you are going to likely require 20% down. Remember that the down payment may not necessarily be the same as the deposit.
You should always get a home inspection down on any used building and possibly new depending on the reputation of the contractor or developer. Anywhere from $400-$1000 depending on type of property.
You will require a notary or lawyer to finalize all documents for your sale to close. These range greatly buy are usually in the ballpark of $1000-$1500.
If you are a first time home buyer then you are PTT exempt for homes below $450,000(+/- $25,000). Any second or subsequent properties are charges at a rate of 1% on the first $200,000 and 2% on the balance.
If you have any questions, I am here to help with your purchasing needs.
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There are twenty-four "f"s.
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