Purchasing a home is arguably one of the biggest financial decisions you will make in your lifetime. As you start your hunt, don’t forget there will be other costs associated with your purchase then the price of the home. Here are 5 fees to keep in mind as you begin to budget.
Fees to Expect When Buying a Home
- Home inspection. This is a crucial step in the home buying process. The findings that come from the inspection can help you negotiate price and repairs. Generally, you can expect to pay between $300 to $500 depending on the home and the location.
- Title services. Title services encompass the transfer of the title from the seller and a thorough search of the property’s records to ensure to no one will pop up with a claim to the property. Additionally, you may need to buy title insurance which will protect the lender or your investment in the home.
- Appraisal fee. Before getting a loan, you will likely be required to get an appraisal of the home to determine its estimated value. This will be conducted by a third-party company and the cost can land anywhere between $300 and $1,000, depending on the size of the home.
- HOA fees. Many communities have a homeowners’ association that enforces monthly fees. This money is used for general maintenance and updates to areas like pools, parks, and more. Typical HOA fees are around $200 per month.
- Taxes. The taxes each buyer pays at the closing table differ, but it is not uncommon for it to be up to two months’ worth of county and city property taxes. Additionally, there may be taxes for the transfer of the home title.
Homes in Prescott , AZ Available Now
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3457 E Sanddraw Circle , Prescott 86303
$485,000
Bedrooms: 3
Baths: 2
Sqft: 1,938
MLS: #1039525
Broker: KLEIN PROPERTIES AND INVESTMENTS, LLC
1871 Boardwalk Avenue , Prescott 86301
$389,900
Bedrooms: 3
Baths: 2
Sqft: 1,349
MLS: #1039584
Broker: Realty Exec AZ Territory
1500 E Rosser Street , Prescott 86301
$355,000
Bedrooms: 3
Baths: 2
Sqft: 1,352
MLS: #1039347
Broker: Iannelli and Associates
4481 S Senator Highway , Prescott 86303
$395,000
Bedrooms: 4
Baths: 2
Sqft: 2,446
MLS: #1039518
Broker: UNIQUE HOMES REALTY
3099 Peaks View Lane E4, Prescott 86301
$219,000
Bedrooms: 2
Baths: 2
Sqft: 985
MLS: #1039158
Broker: KLEIN PROPERTIES AND INVESTMENTS, LLC
715 N Lakeview Drive , Prescott 86301
$625,000
Bedrooms: 3
Baths: 3
Sqft: 2,608
MLS: #1036589
Broker: HomeSmart Fine Homes and Land
1794 S Savage Lane , Prescott 86301
$575,000
Bedrooms: 4
Baths: 3
Sqft: 3,344
MLS: #1038329
Broker: Conway Real Estate
12680 N Gyda (Lot 150) Circle , Prescott 86305
$693,080
Bedrooms: 3
Baths: 3
Sqft: 2,315
MLS: #1033766
Broker: Better Homes And Gardens Real Estate Bloomtree Realty
4725 W Phantom Hill Road , Prescott 86305
$1,950,000
Bedrooms: 5
Baths: 5
Sqft: 5,800
MLS: #1037273
Broker: Russ Lyon Sotheby's Internatio
136 E Merritt Street , Prescott 86301
$299,123
Bedrooms: 3
Baths: 2
Sqft: 500
MLS: #1037760
Broker: Rent Right
6195 W Frederick Road , Prescott 86305
$770,900
Bedrooms: 3
Baths: 3
Sqft: 2,557
MLS: #1036467
Broker: Better Homes And Gardens Real Estate Bloomtree Realty
6070 W Frederick (Lot 163) Road , Prescott 86305
$760,900
Bedrooms: 3
Baths: 3
Sqft: 2,557
MLS: #1036470
Broker: Better Homes And Gardens Real Estate Bloomtree Realty
324 Rim Rock Circle 2, Prescott 86303
$285,000
Bedrooms: 2
Baths: 2
Sqft: 1,276
MLS: #1038804
Broker: Better Homes And Gardens Real Estate Bloomtree Realty
1344 Sabatina Street , Prescott 86301
$489,900
Bedrooms: 3
Baths: 3
Sqft: 2,384
MLS: #1037659
Broker: Realty ONE Group Mt Desert
1715 Valley Ranch Circle , Prescott 86303
$645,000
Bedrooms: 3
Baths: 2
Sqft: 2,100
MLS: #1038709
Broker: West USA Realty of Prescott
Listing information is deemed reliable, but not guaranteed.
IDX Solution Provided by iFoundAgent.com 2021
PAAR Listing Data last updated 6/21/2021 12:36 PM MST.
Prescott Arizona area Real Estate Team – Julie and Dennis Jennings
Make us your number one Real estate Team for Prescott Arizona. We show dedication to finding the very best homes for you. Contact us anytime, and we would be glad to show you any homes in the Prescott Quad City Arizona area.
