Hidden Costs When Buying a House | Top 10 HIDDEN Fees When Purchasing a House.

Real estate agent and Realtor Matt Leighton talks about the top 10 hidden fees that buyers come across when purchasing a home.

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Top 10 Hidden Fees When Buying a House | Timestamps

1:01 - Home inspection. Due upfront. Cost: ~$500
3:00 - Appraisal. Due upfront. Cost: ~$450
3:40 - Earnest Money Deposit (EMD). Deposited upfront. Cost: ~1.5% - 3% of the sales price.
4:37 - Title insurance. Due at closing. Cost: ~$2,000 (price varies)
6:33 - County transfer tax. Due at closing. Cost: ~$350 (price varies)
7:29 - State transfer tax. Due at closing. Cost: ~.0025 * Sales price (this is for Virginia. Check with your state to find the transfer tax)
9:02 - Property tax. Due at closing. Price varies. Check with your local jurisdiction.
9:58 - Homeowner's insurance premium. Due at closing. Cost: ~$1,000
10:29 - HOA Transfer Fee. Due at closing. Cost: $100 - $300.
11:15 - Title services. Due at closing. Cost: ~$550.
12:57 - Condo move-in fee. Due at closing. Cost: ~$100 - $300.

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Matt Leighton - Arlington VA Real Estate Agent
Matt [at] Orange Line Condo dot com
Century 21 Redwood Realty
1934 Wilson Blvd
Arlington, VA 22201
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