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What’s Included in Closing Costs?

PennyMac

From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. State laws will usually dictate who is legally responsible for overseeing the closing. The agency will use the data from the inspection to plan for flooding emergencies. Lead-Based Paint Inspection.

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How to Buy a Rental Property: Get Tips from the Experts

PennyMac

Property taxes. It’s also important to understand the legal requirements of owning real estate—lead paint inspections, rental registration, accounting, receipts for payments, written leases, liability insurance, renter’s insurance, tenant screening including criminal and credit checks, fair housing laws, and much much more.

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New Homes vs. Old Homes: Which Is Right For You?

PennyMac

Higher property taxes. Generally speaking, the more your home is worth, the more you'll be shelling out to your state for property taxes. And in new neighborhoods with higher than average property values, that can be a pretty penny. Location, location, location. Uncertainty. Typically, what you see is what you get.