What You Need To Budget for When Buying a Home
By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
What You Need To Budget for When Buying a HomeWhen it comes to buying a home, it can feel a bit intimidating to know how much you need to save and where to find that information. But you should know, you're not expected to have all the answers yourself. There are many trusted professionals who can help you understand your finances and what you'll need to budget for throughout the process.To get you started, here are a few things experts say you should plan for along the way.1. Down PaymentAs you set your savings goal for your purchase, your down payment is likely already top of mind. And, like many other people, you may believe you need to set aside 20% of the homes purchase price for that down payment but that's not always the case. The National Association of Realtors (NAR) says:One o...
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