12 Hidden Costs of Homeownership

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Appraisal fees

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(John Solie/iStockphoto)

Before you can purchase a home, your lender will require you to have the property valued by a professional real estate appraiser. Lenders use such appraisals, which typically range between $350 and $400, when determining the amount of money to offer mortgage borrowers.

Next: Closing costs


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