U.S. Homebuyers Pay On Average $40,000 To Acquire A New Home

According to a new report from RealEstate.com, a Zillow Group company, and Thumbtack, buying a home is one of the most expensive transactions someone will ever make, and home shoppers can expect to spend $40,000 on average in one-time fees on the typical U.S. home.

For first-time buyers, understanding their home-buying budget can be a stressful process. It can be easy to focus on the listed price or monthly mortgage payments for a home, but there are several one-off costs that buyers also should be aware of. In addition to budgeting for the down payment, buyers should be prepared to pay for closing costs and move-in projects before they settle into a new home.     MORE

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