Buying a home, something most of us will do during our lifetime, is also the largest investment we will ever undertake.
— CS Monitor (@csmonitor) January 14, 2014
This is an article on house buying and in particular we will look at the costs involved along with the steps to be taken to ensure a relatively stress free, timely transaction.
Things You Pay For When Buying a House
These are set fees and include:
- Conveyance – covers all the relevant paperwork involved in the transaction.
- Stamp Duty – this has been abolished in some countries, but the lawyer will advise if applicable to your house.
- Property search – detailed search in land register and local authority register – this will show up any proposed developments in the area as well as ensuring ownership of the house by the seller.
In the UK these Legal fees for a 3 bedroom bungalow can average $1500 (
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