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Things You Pay for when Buying a Home

Introduction

Buying a home, something most of us will do during our lifetime, is also the largest investment we will ever undertake.

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

Lawyer’s/Attorney Fees

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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