Home Buyers: How to Identify Hidden Costs and Avoid Paying Too Much for Your Home
There’s more to buying a home than the mortgage. Don’t forget to factor in mortgage insurance, appraisal fees, inspection fees, transfer taxes, title insurance and every other dollar you’ll have to spend in order to know what you’re really paying for your new Laguna Woods, Palmia or Casta del Sol home.
Now, armed with this knowledge, you stand a much better chance of avoiding overpaying for your Active Adult 55 plus home.
As you can imagine, there is no learning curve that forgives mistakes made during the home-buying process. If I had to choose only one tip from the 24 outlined in these blog posts, it would be this: Know your hidden costs of the transaction and get yourself a good Realtor®—someone whose sole interest in the deal is to watch out for your interests. If you take this advice, the rest will follow. A truly sharp agent will make sure that you follow all of the other suggestions I’ve covered.
Melanie Callahan proudly serves the real estate needs of local residents, specializing in active adult 55+ communities of Laguna Woods and Laguna Woods Village, as well as Orange County retirement communities.