In short, buyer costs are negligable if you negotiate a great deal up front.
PLUS -Earnest money and down payment (earnest $ will be part of down payment)
Inspection (include radon) $200-$350
(might need a structural, roof certification, sewer scope too)
Survey $200-300 (optional)
Escrowed HOA fees
Escrowed Property tax
Escrowed Home Owners Insurance
Many times Buyer is requesting assistance with closing costs from the Seller.
Hope this helps.
CHERRY CREEK PROPERTIES
Now if you buy a Bank Owned Property you may be required to pay a de-winterization fee, part if not all HOA Transfer fees and sometimes Title Insurance.
Hope this helps. If you have any other specific questions please feel free to call or email me. I'm a Buyers Agent so all I do is help people purchase homes.
The only thing you really must pay for is the cost of closing the transaction with title: about $300 and that is customarily split between Seller and Buyer.
If you buy a foreclosure, sometimes you have to pay for the title policy and that depends on the cost of the home. For $250,000, maybe $1000 or so.
If there are HOA's, you'll have to pay the prorated cost up front and maybe a transfer fee or capitol reserve fee.
Finally, your property insurance will have to be paid for the year directly to your insurer.
I think that wraps it up!
We have excellent credit 800+ scores.
We can easily put 50%-100 down depending on the property we choose.
I am just wondering if there is a rough estimate of %s.
I understand you have to weigh points vs no points.
I was looking for general information on cost %s outside of the mortgage.