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selling a home

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The Costs of Buying And Selling A Home

When you consider the costs of buying and selling a home, it’s a good idea to wait to buy a house until you are sure that you will live there for at least 3 years if not longer.   The reason is that the cost to buy and sell a home can be quite high and you will be unlikely to recoup all of your expenses if you only live in your home for a short time.

Some of the expenses you will incur include:

Appraisal fees – Your lender may want you to get your home appraised in order to have an independent assessment of your home’s value.  This can cost from $150 to more than $300.

Inspection fees – It’s always a good idea to have a qualified home inspector inspect the home before you commit to making the big purchase.  A good inspector will help you to identify problems with plumbing, electrical, the roof, the foundation, and much more.  This will help to ensure that you are buying a home that is in good shape.  Inspectors vary in price.  We paid about $350 for our home inspector when we bought our home.  It was worthwhile because it bought us peace of mind.

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