To determine which of the following is NOT an upfront cost when purchasing a house, we need to review each option:

1. **Option Fee**: This is usually paid upfront when a buyer secures the right to purchase the property and is often used in agreements related to option contracts.

2. **Property Tax**: This is an annual tax levied on real estate properties based on their assessed value and is not considered an upfront cost because it is paid after the purchase.

3. **Legal Fees**: These are fees paid for legal services during the home purchasing process, typically required upfront.

4. **Stamp Duty**: This is a tax paid to the government based on the sale price of the property and is usually required to be paid upfront during the closing process.

### Conclusion
**Property tax** is NOT an upfront cost when purchasing a house because it is paid annually and not at the time of purchase.

Question

To determine which of the following is NOT an upfront cost when purchasing a house, we need to review each option:

1. **Option Fee**: This is usually paid upfront when a buyer secures the right to purchase the property and is often used in agreements related to option contracts.

2. **Property Tax**: This is an annual tax levied on real estate properties based on their assessed value and is not considered an upfront cost because it is paid after the purchase.

3. **Legal Fees**: These are fees paid for legal services during the home purchasing process, typically required upfront.

4. **Stamp Duty**: This is a tax paid to the government based on the sale price of the property and is usually required to be paid upfront during the closing process.

### Conclusion
**Property tax** is NOT an upfront cost when purchasing a house because it is paid annually and not at the time of purchase.

Knowee AI · Accepted Answer

To determine which of the following is NOT an upfront cost when purchasing a house, we need to review each option:

1. **Option Fee**: This is usually paid upfront when a buyer secures the right to purchase the property and is often used in agreements related to option contracts.

2. **Property Tax**: This is an annual tax levied on real estate properties based on their assessed value and is not considered an upfront cost because it is paid after the purchase.

3. **Legal Fees**: These are fees paid for legal services during the home purchasing process, typically required upfront.

4. **Stamp Duty**: This is a tax paid to the government based on the sale price of the property and is usually required to be paid upfront during the closing process.

### Conclusion
**Property tax** is NOT an upfront cost when purchasing a house because it is paid annually and not at the time of purchase.

Which of the following is NOT an upfront cost when purchasing a house?Option feeProperty taxLegal feesStamp duty

Question

Which of the following is NOT an upfront cost when purchasing a house?

Solution

Conclusion

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