10 Closing Cost Items First Time Home Buyers Cannot Write Off
Design by Diana Walton- Houston First Time Home Buyer Specialist
Hello and welcome to Houston First Time Home Buyers Edition, where we provide useful information to help Houston first time home buyers make the most informed decision when it comes to buying, decorating, and maintaining their first home.
As a first time home buyer, we know you have a lot of questions. You are about to, or have recently made a huge purchase of buying your first home, and being financially savvy, you are already thinking of how you can lower your tax liability. While there are some closing cost items that may be deductible, below you will find 10 that are not.
Credit check fee.
Owner’s title policy.
Recording fee.
Abstract fees.
Survey and appraisal.
Fire and flood insurance.
Title fees.
Home inspections.
Attorney fees.
Transfer taxes.
Keep in mind, you can always speak with a good financial advisor that can help you optimize your tax strategy for your property. As always, thank you so much for stopping by. Remember, if you are thinking of purchasing your first home, please contact us. We are here to help. We have been helping Houston first time home buyers since 2011 and we can help you. I hope you have an amazing day. Until next time...Diana
