According to American Financing, there are multiple ways your refund check can help you move closer to owning a home in Redondo Beach. To begin, consider the following:
- Grow your down payment fund. If you haven’t started saving for your down payment, let your tax refund kick off the process. And if you have a fund already, the money you get back could put you closer to your goal.
- Pay for your home inspection. Your home inspection can save you a lot of headaches down the road by helping you determine the condition of the house. As a buyer, you’ll typically be responsible for paying for your inspection, and it’s definitely worth the investment.
- Save for closing costs. Closing costs are additional expenses you’ll need to pay once it’s time to close. They average anywhere between 2-5% of the purchase price of your home.
While this list is a great start, it isn’t exhaustive of all the costs you may encounter as you set out on your journey to buy a home.
It's wise to partner with a trusted real estate professional like Dennis Hartley, to best understand all that’s involved in the home buying process.
Photo by Minh Pham on Unsplash