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This is a common but very tricky question to answer. This will depend on a great number of factors included but not limited to:

– Size of the house

– Updates in the house

– Size of the lot

– Location of the house

– Additional features in the house

– Current market value

– Current market trends

– Comparables in the neighborhood

– The seller

In general, you’ll need a down payment before you even go into settlement. Once everything has been settled, you’ll need to pay the purchase price of the home, money for various fees associated with purchasing the home and money to pay the closing costs unless the seller has agreed to cover the closing costs. It is important to remember to also budget for home furnishings, any renovations you plan to do immediately, the cost of hooking up utilities and the cost of actually moving your belongings into the home.

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