LUXURY HOME TOURS! 

Expert Tips for Navigating the Real Estate Market

Our mission is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, our team of professionals can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

Beverly Hill's Home Buyer Tips

Updated: Sep 21


Hidden Costs to Avoid in Real Estate.


I had a conversation with a colleague of my last week in the office and we were talking about a struggle that one of his clients had in regards to hidden costs they hadn't really walked through some of the things that can pop up when you purchase a home and that's something that we always do a very strong job of trying to educate our home buyers and home sellers to understand what type of costs are involved when you actually make a home purchase well there are several things.


That you're going to want to think of because it is not just either the mortgage or the cash purchase depending on how you're looking at acquiring a property. There are additional costs

there's going to be property taxes homeowners insurance closing costs and then even potential repairs that may pop up in the property taxes are going to vary state by state but generally they're going to be a percent and a half of total property value and that will be an annual expense that can be es-crowed as part of a mortgage but will still be an expense than the less so you want to

factor it into your monthly outlay of expenses. Same thing with property insurance you have to have property. Insurance in case of tornadoes theft damage hurricane anything that could

destroy property or cause damage you want to have insurance on it and that is an additional cost you're also looking at closing costs. Which generally are a singular part of the transaction but you'll want to factor in such examples of items as appraisal title company charges recording fees processing or mortgage fees.


Those of you types of things will pop up over the course of a transaction and last but not

least every home is going to age and so there are things that are just going to pop up capital improvements that will happen in maintenance that needs to be done in a property anything from the roof to the furnace to the cosmetics of flooring or painting or windows and everything in between all of those costs come into the joys of homeownership if you ever would like to see a net sheet or breakdown of what a typical cost structure may be on a home please feel free to connect with us at any point.

Visit for more blogs...

Compass

Realtor/ Broker (BRE: 01958545)

Beverly Hills: 424-239-6519

Minneapolis: 612-294-0447

31 views
About Erik

Hilton. Rolls Royce. Versace. Chateau Rothschild.

 

These are not products or services; these are lifestyle choices. You and I can stay at any hotel, drive any car, wear any shirt, or drink any wine

But we don’t want to.

 

We want experiential luxury.

 

And you know what? You deserve it.

Luxury living is a state of mind. If you're like me, you expect the best, and this especially holds true when you buy or sell a home in Los Angeles.

If you are interested in buying or selling a home and appreciate... and deserve... a luxury real estate experience, then click here. Get an idea of the differences.

Enter your contact information below and let us know if you'd like a complimentary VIP package sent to you asap.

 

Erik Brown

DRE: 01958545

Compass

9454 Wilshire Blvd, Beverly Hills, CA 90212

Ask Me a Question

ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

© 2020 Erik Brown Real Estate agent in Beverly Hills 

BRE #: 01958545