Everyone talks about the down payment—but what about the other costs that sneak up on first-time buyers and sellers?
Whether you’re gearing up to buy your dream home in South Riding or preparing to sell your townhome in Ashburn, knowing the full financial picture helps you move with confidence, not confusion.
Hidden Costs for Buyers:
- Home Inspections & Appraisals: $500–$1,200
- Closing Costs: Typically 2–5% of the loan amount
- Title Insurance & Recording Fees: Often overlooked, always necessary
- HOA Fees (Up Front): Many communities in Loudoun require advance payments
Hidden Costs for Sellers:
- Staging & Minor Repairs: Often $1,000–$3,000 (but often worth it!)
- Transfer Taxes & Title Fees: Varies by jurisdiction
- Agent Commission: Typically 5–6% split between buyer/seller agents
- Post-Sale Rent-Back or Storage: If you need time before moving into your next home
Local Insight from Mounira Al Hmoud:
I recently helped a couple in South Riding budget for a home purchase. They were prepared for the down payment—but blindsided by $11K in closing fees. We negotiated seller concessions to offset that cost, but knowing up front would have made the process smoother.
In practice:
Thinking of buying or selling in 2025? Let me break down the true cost of your move so you’re never caught off guard.
Let’s set up a quick clarity call with Mounira Al Hmoud.