Washington State | Hidden Costs of Buying a Home (That Catch Buyers Off Guard)

It’s not just your down payment. Here are the typical costs buyers don’t always see coming:

- Closing Costs: 2% to 4% of the purchase price. These cover escrow fees, lender charges, taxes, title insurance, and more.
- Home Inspections: $500–$800 depending on the size and complexity of the property. Additional tests (sewer scope, radon, etc.) may be recommended.
- Appraisal Fee: Generally $600–$800, ordered by your lender to confirm value.
- Moving Costs: Hiring movers or renting a truck—budget $300–$2,000+ depending on distance and services.
- Utilities & Deposits: New accounts may require deposits or transfer fees.
- Immediate Repairs or Upgrades: Even a well-maintained home might need carpet cleaning, paint, locks changed, or safety updates.

Bonus: I always ask about your comfort level with these expenses up front. We often negotiate for seller credits or rate buydown packages to help ease this burden.