The Costs for Buyers and Sellers
Hey there, home buyers and sellers!
Ever found yourself scratching your head trying to figure out the real costs of buying or selling a house? We’re here to shine a light on those costs, so you know what to expect and budget for.

Closing Costs
Home Inspection
Loan Costs
Property Taxes
Moving Costs
Buyer’s Responsibilities
  • Loan origination fees
  • Appraisal fees
  • Title insurance
  • Inspections
  • General inspection fees
  • Specific inspections (e.g., pest, structural)
  • Paid by the buyer to confirm the home’s value for the lender
  • Mortgage application fees
  • Credit report fees
  • Possible mortgage points
  • Homeowner’s insurance
  • Mortgage insurance (if down payment is less than 20%)
  • Prorated portion of the year’s property taxes
  • Negotiable post-inspection for any needed repairs
  • Costs associated with moving, storage, etc.
  • Home warranty (optional)
  • Utility setup fees
Approximate Cost (Buyer)

2-5% of the loan amount

$300 – $500
Varies by type
$300 – $600
$200 – $400
Varies by location and property value
Varies based on property and location

Varies based on repairs needed

$500 – $5,000+
$300 – $600
Seller’s Responsibilities
  • Agent commission
  • Title transfer fees
  • Attorney fees (if applicable)
  • Pre-listing inspections (optional)
  • Occasionally covered by the seller
  • Any owed property taxes up to the date of sale
  • May need to pay for repairs or offer credit at closing
  • Costs associated with moving, if applicable
  • Potential staging and home preparation costs
  • Utility fees until the closing date
Approximate Cost (Seller)
6-10% of the home’s sale price
$300 – $500 (optional)
$300 – $600 (if applicable)
Varies based on property and location
Varies based on repairs needed
$500 – $5,000+
$500 – $2,000+
Please note that these costs are subject to change and can be influenced by a wide range of factors. Buyers and sellers should always do their own research and consult with real estate professionals for the most accurate and current information relevant to their specific situation.

Download and add this chart to your research

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