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League City Housing Market Update

Key takeaways

1. Closing Costs (biggest surprise)

Typically 2%-5% of the purchase price in Texas
on a $400k home = $8k-$20k out of pocket

2. Property Taxes (Texas is higher than most states)

One of the largest ongoing costs buyers underestimate
Paid yearly and often escrowed into the mortgage

3. Insurance (especially in Houston area)

Homeowners + flood + windstorm coverage can stack up
Example: flood insurance alone can average $821/year even in low risk zones

4. HOA Fees

Can range from $200 to $1000 + annually in Houston area communities

5. Maintenance & Repairs, Possible Mud Tax

Older homes = higher repair risk
Budget 1% - 4% of home value annually for upkeep

6. Prepaid Costs at Closing

Insurance + property tax escrow
Can add $2000- $5000 + upfront

7. Inspection & Appraisal Fees

Appraisal $450-$700
Inspections + Specialty reports can add

Thinking about buying a home in Houston, Texas?

Reach out to Dustee Rivera of Real Broker, LLC today for expert guidance, local insight, and a clear understanding of what it really costs to buy a home.

Dustee Rivera
Realtor® Real Broker, LLC
832-677-2863
Dustee@DusteeRivera.com
TREC License # 0707917

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As a Real Estate agent, it's my responsibility to provide a solid foundation and understanding of real estate to my clients. I work 24/7 and I'm not afraid to get my hands dirty!!