--- title: Hidden Fees to be Aware of When Purchasing a Home - Transactly description: Transactly Is Here to Help   Do you hope your buyers or sellers go under contract this weekend? While there are many fees they’ll encounter during the transaction, you can count on Transactly’s fixed price of $350 per transaction. With... image: https://blog.transactly.com/hubfs/Imported_Blog_Media/pexels-dziana-hasanbekava-7063762-scaled.jpg --- Real Estate Tips # Hidden Fees to be Aware of When Purchasing a Home Transactly Is Here to Help Do you hope your buyers or sellers go under contract this weekend? While there are many fees they’ll encounter during the transaction, you can count on Transactly’s fixed price of $350 per transaction. With... [ Madison Clifton ](https://blog.transactly.com/author/madison-clifton) Sep 24, 2021 --- ## **Transactly Is Here to Help**   Do you hope your buyers or sellers go under contract this weekend? While there are many fees they’ll encounter during the transaction, you can count on Transactly’s fixed price of $350 per transaction. With our platform, you can save up to 16 hours per transaction – time you could spend empowering your clients during the real estate process. [Start saving time with Transactly now!](https://transactly.com/pricing/)  In the meantime, here’s a quick run-down of the hidden costs of purchasing a home to remind your clients about. #### Hidden Fees to be Aware of when Purchasing a Home   [Purchasing a home](https://transactly.com/first-time-home-buyer-checklist/) is arguably the biggest financial decision you’ll make in your lifetime. Buying a home often requires more money above the agreed purchase – with out-of-pocket expenses you may not expect. As you start the search for your new home, don’t forget there will be [other costs associated](https://transactly.com/typical-home-closing-costs/) with your purchase other than just the price of the home.  Here are five fees to keep in mind as you begin to budget. **Close more deals and scale your business** With **Early Access** to the new Transactly Pro Membership plan! [Start Closing More Deals ](https://transactly.com/transactly-pro-membership-pricing/) #### **Home Inspection**   This is a crucial step in the home buying process. The findings that result  from the [inspection](https://transactly.com/what-to-expect-when-youre-inspecting/) will help you negotiate price and repairs. Generally, you can expect to pay between [$300 to $500](https://transactly.com/how-much-will-a-house-inspection-cost-a-buyer/) depending on the home and the geographical location.   #### **Title Services**   Title services encompass the transfer of the [title](https://transactly.com/what-does-a-title-company-do/) from the seller and a thorough search of the property’s records to ensure no one will pop up with a claim to the property. Additionally, you may need to buy title insurance to protect the lender and your investment in the home and fees to transfer the title from seller to buyer.   #### **Appraisal Fee**    To qualify for a mortgage, you’ll likely be required to get an appraisal to determine the home’s  estimated value. This is conducted by a third-party company and the cost could land anywhere between $300 and $1,000, depending on the size of the home and what region you live in.   #### **HOA Fees**   Many communities have a homeowners’ association (HOA) that charge monthly or yearly fees for general maintenance and updates to common areas like pools and parks within the community. HOA fees range widely depending on amenities and any special assessments. Make sure your agent educates you on these costs, if applicable.   #### **Taxes**   It’s not uncommon for the buyer to pay several months of county and city property taxes at closing. The buyer and seller both pay property taxes; the seller pays a prorated amount from the beginning of the tax year until closing. Conversely, the buyer will pay a prorated amount of property taxes to cover the remaining tax year. As you can now see, there are a lot of costs involved in buying a house other than the price of the home. [Closing costs ](https://transactly.com/reduce-closing-costs/)are outlined in your closing disclosure. Your lender can walk you through them.  It is a smart idea to keep all of these potential and realized costs in mind as you budget and search for your perfect home.  **What would you do with an extra 16 hours?** Spend more time on the things that matter most. [Get an Extra 16 Hours ](https://transactly.com/get-a-tc-today/) ## **Your Clients Need Your Expertise**   Let Transactly save you time so you can focus on your clients, the people who matter most. [Start your transaction with Transactly now!](https://transactly.com/pricing/) [Real Estate Tips](https://blog.transactly.com/tag/real-estate-tips) ## Similar posts Transactly ### [Transactly Partners with eXp Realty](https://blog.transactly.com/transactly-partners-with-exp-realty) Transactly Now Affiliated With eXp Realty ST. LOUIS, Mo. — Oct. 25, 2022 — Transactly, a current leading real estate transaction Management Platform... Madison Clifton Oct 25, 2022 Real Estate Tips ### [Transactly Acquires SoMo Transactions, Expands National Network of Transaction Coordinators](https://blog.transactly.com/transactly-acquires-somo-transactions) Transactly, the leading Real Estate Transaction Platform providing Tech-Enabled Transaction Coordinators across North America, has officially... Madison Clifton Apr 5, 2021 Real Estate Tips ### [The Hidden Powers of Transactly](https://blog.transactly.com/the-hidden-powers-of-transactly) The Hidden Powers of Transactly Transactly’s tech-enabled platform hosts a suite of intuitive and time saving features. Transactly provides agents... Madison Clifton Oct 22, 2021 ### Get notified with new real estate posts. Be the first to know about new real estate tech insights. Subscribe to stay up-to-date with Transactly.  ![](https://px.ads.linkedin.com/collect/?pid=5005180&fmt=gif) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Madison Clifton", "url" : "https://blog.transactly.com/author/madison-clifton" }, "dateModified" : "2022-12-07T06:15:57.937Z", "datePublished" : "2021-09-24T05:00:00.000Z", "headline" : "Hidden Fees to be Aware of When Purchasing a Home - Transactly", "image" : [ "https://blog.transactly.com/hubfs/Imported_Blog_Media/pexels-dziana-hasanbekava-7063762-scaled.jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.transactly.com/hidden-fees-to-be-aware-of-when-purchasing-a-home", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.transactly.com/hubfs/Transactly%20Logo.png" }, "name" : "Transactly" } } ```