The REAL Costs of Buying a Home | First Time Home Buyers | Down Payment | Hidden Costs

Buying a home can be complicated and intimidating. In this video I break down all the costs you might expect when buying a home in the Sacramento CA market, and may translate to many other markets in the US. We'll be covering all the bases from financing to inspections including a sample estimated settlement statement breakdown detailing all the expenses and why.

Timeline:
0:41 - How much you need for a downpayment.
0:52 - What loan products are available for low or no money down.
1:38 - Example First Home Purchase
2:16 - Your first check goes to...and how much will it be.
2:43 - Contingencies - how they protect you.
3:06 - Due Diligence Period - What to do
3:31 - Inspection Costs
4:00 - HOA - Townhome and Condo Inspections
5:41 - Estimated Settlement Statement - All costs exposed
6:55 - Break Down of all the closing costs.
7:22 - Prorations and Adjustments
8:16 - Loan Charges and fees from lender
9:10 - Impounds for Taxes
9:42 - Title and Escrow Fees

James Peterson - Realtor - Broker Associate
DRE#01373575
The Peterson Team - Keller Williams Realty El Dorado Hills

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