AppraisalFees

✨🏡 TITLE , APPRAISAL, and HOME INSPECTION - Breaking them down: . . #TitleInsurance is designed to protect the lender in case an issue arises with the title to the home you're buying. You're usually required to buy lender's title insurance, which is rolled into your closing costs or financed into the loan. Title insurance for yourself is optional, but it's something to consider if you're worried about a title issue such as liens/violations affecting your ability to keep the home after closing. . #AppraisalFees An appraisal is needed so that a current fair market value for your home can be established for tax purposes. It's a written justification of the price paid for a property, primarily based on comparable sales of homes nearby. The lender needs the appraisal to make sure the home is worth the amount you want to borrow. This is one fee you'll pay to the lender up front before the appraisal can take place. . #HomeInspection While not generally required for a brand new home, the purchase of an older home may require an inspection for pests such as termites, roof damage, plumbing issues, defects, or even mold. This requirement cost usually runs between $200 and $500. . . . #l4l #c4c #likeforlike #likeall #like4like #likes4likes #liking #instagood #tagblender #follow #followme #followback #followforfollow #follow4follow #followers #followher #follower #followhim #followbackteam #followall #comment #comments #commentback #comment4comment #commentbelow