Plan for closing costs of roughly 1-2% of the purchase price, covering lender fees, title and escrow charges, prepaid insurance, and prorated property taxes. Inspections run $1,500-3,000 depending on the property. Condos sometimes carry HOA move-in fees.
One cost many buyers don’t anticipate: supplemental property tax. It arrives several months after closing, accounts for the gap between the seller’s old assessed value and your new purchase price, and can easily run a few thousand dollars. I walk buyers through all of this early so nothing catches them off guard.