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Ultimate Guide: Understanding the Costs of Buying a Home in Bergen County New Jersey

RISA CORSON | February 13, 2024

The upfront cost of buying a home in Bergen County New Jersey can vary widely depending on several factors. Expenses such as closing costs, home inspection fees, real estate attorney fees. appraisal fees( if getting a mortgage),homeowner's insurance, title search and other expenses can occur. Here's a breakdown of some common expenses involved in buying a home:

Attorney Fee: Depending on which real estate attorney you chose it can be anywhere from $1200-2000. The attorney works from beginning to end of the transaction.

Inspection fees: The cost of a home inspection can vary depending on several factors including the size and location of the home and the specific services included in the inspection.On average, however, home inspection fees in Bergen County NJ typically range from $800-$1300 for a basic inspection. We can discuss this in more depth.

Down Payment: This is a percentage of the purchase price that the buyer pays upfront. The amount can vary depending on the type of loan, but it's typically between 3% to 20% of the purchase price.

Appraisal Fee: Lenders often require an appraisal to determine the fair market value of the property. The cost of an appraisal can vary but typically ranges from $300 to $500.

Homeowners Insurance: Buyers will need to purchase homeowners insurance to protect their investment. The cost of homeowners insurance can vary depending on factors such as the location and value of the home, as well as the coverage options chosen.

Mansion Tax: In NJ there is a mansion tax for purchases $1,000.000 and over. Please consult with your accountant or attorney regarding this.

Closing Costs: These are fees associated with finalizing the purchase of the home and typically range from 2% to 5% of the purchase price. PLease consult with your lender regarding closing costs. Moving Costs: Buyers will also need to budget for the cost of moving their belongings into their new home, whether they hire professional movers or do it themselves

Title Search: Please consult your attorney or title company regarding costs.


As your real estate professional, I will help guide you through the process and provide you with the other professionals needed to get to closing.

Contact me for more information:

Risa Corson

Coldwell Banker




I have the ability and drive to go above and beyond my clients' expectations in selling a home or finding you the perfect new one. With strong work ethic, patience and professionalism, I’ll turn a seemingly tough transaction into a seamless and loveable process for you.

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