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Renting vs. Buying – Pros & Cons of Both

Costs of Buying & Owning Your Home

When purchasing a home, there are several upfront costs. Some of these are paid out-of-pocket once the seller accepts your purchase offer, while the rest are paid at closing.

  • Earnest money: It is traditional to accompany an “earnest money” check with your purchase offer to let the seller know that you are serious about purchasing the property. The amount of an earnest money check usually ranges from 1% to 3% of the home’s purchase price. Once the off