Budgeting to Buy a Home in 2023? 💰
Channel: Rebecca Lowrey Real Estate Group
Date: 2023-01-23

Transparency is key when you're planning to buy your first home! 🔑  Let's break it down so you're informed AND it's easier to know when you're ready to make that purchase. Each transaction is different, so other costs may apply, but typically you can expect:

💰 Down Payment = 0-5% of the purchase price
💰 Closing Costs = 2-3% of the purchase price
💰 Appraisal Fees = $250-$500
💰 Home Inspections = $300-$600
💰 Earnest Money = $1,000 or more, depending on the price range of the home

These costs aren't set in stone, but for planning purposes, this is a great start for those financial planners out there! Let us know what questions you have about the real estate world! We're always happy to help. 💙 
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