Hidden Costs Many First-Time Homebuyers Have Never Heard Of
Many of today’s homebuyers are suffering from sticker shock—and not just over astronomical home prices.
Nearly half of homeowners, 44%, report they weren’t aware of the costs associated with buying a home, according to a Realtor.com® survey in July of nearly 3,000 adults, including 1,800 homeowners. (About 400 of the respondents were buyers who purchased a home within the past 15 months.) This includes paying for things like a home inspection, document fees, property taxes, home insurance, and title fees. About 11% weren’t even factoring in moving expenses.
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