Before I purchase a home, how do I determine what … - It can be tempting to jump into a purchase before considering what it will cost you each month to run your home, so good for you for thinking ahead. We encourage consumers to be informed before they make a purchase. One of the ways to do that is to work with a Buckingham Realty real estate professional to get the information you need about a home’s carrying costs. Aside from your monthly mortgage payments – and optional mortgage, life or disability insurance, if you choose to buy it or are required to – there are a number of costs you and your salesperson can determine before you put in an offer. First of all, taxes for the property should be on the listing information, but your salesperson should confirm the amount. Be aware that, depending on time of year, the amount listed could be from the previous taxation year and so your taxes for the current year could be higher. The same applies for condominium fees. The listing information should contain the actual fee amount, but your…
