10 Closing Cost Items First Time Home Buyers Cannot Write Off

As a first time home buyer, we know you have a lot of questions. You are about to, or have recently made a huge purchase of buying your first home, and being financially savvy, you are already thinking of how you can lower your tax liability. While there are some closing cost items that may be deductible, below you will find 10 that are not.

1. Credit check fee

2. Owner’s title policy

3. Recording fee

4. Abstract fees

5. Survey and appraisal

6. Fire and flood insurance

7. Title fees

8. Home inspections

9. Attorney fees

10. Transfer taxes

Keep in mind, you can always speak with a good financial advisor that can help you optimize your tax strategy for your property. As always, thank you so much for stopping by.

Image by Diana for First Home Houston