HIDDEN FEES TO BE AWARE OF WHEN PURCHASING A HOMEPurchasing a home is arguably one of the biggest financial decisions you will make in your lifetime. As you start your hunt, don't forget there will
2 Scams To Avoid When Buying Your Home
Dated: November 6 2013
A scam that’s been around for years
They received a letter in the mail containing lots of data about their property from a company offering to file their homestead-exemption paperwork – for the low, low price of $35. Being first-time homebuyers, they didn’t know that there is no fee for filing your homestead exemption in Texas. You download the form from the state and file it with your local appraisal district; it doesn’t cost anything.
But wait … there are more
I’d heard about that homestead-exemption scam; a client of ours received a similar letter when they bought their house. Lucky for them, we had explained how to file the exemption. We also said to call if they received any other official-looking letters asking for fees for anything related to the sale of our house. That came in handy when they got an invoice a few days after closing from a deed-retrieval service, charging them $87 for a copy of their deed. We told them to throw away the so-called invoice – they would be getting a copy from the title company.
As far as real estate scams go, these may be small potatoes, but when you’re buying a house, every dollar helps.
Latest Blog Posts
(Manfred Rutz/Getty Images)BUY6 Reasons You Should Never Buy or Sell a Home Without an AgentBy Rachel Stults Feb 4, 2016 It’s a slow Sunday morning. You’ve just brewed your Nespresso
6 Reasons You Should Never Buy or Sell a Home Without an AgentBy Rachel StultsFeb 4, 2016It’s a slow Sunday morning. You’ve just brewed your Nespresso and popped open your laptop to