The additional fees when purchasing a property in the USA are lower than in most other countries. If a loan is not being sought, the additional fees can be less than 1% of the purchase price, with a minimum fee of around $1,000. However, some residential communities may charge a higher transfer fee, making the overall costs of purchasing a property in those areas higher.
The title company is usually responsible for summarizing the various fees associated with a property purchase. These fees are typically due at the time of the purchase and can include costs such as title insurance, recording fees, and other closing costs. The cost of these fees can vary based on the purchase price. The last column of the summary provides an estimate of the fees for a purchase price of $600,000.
| Approach | Amount | |
| Title Insurance (only in Collier County) | approx. 0.6% of the purchase price | $3,120 |
| Notary fees | around 600 – 1200 dollars | $900 |
| Entry in the Public Records | $18,50 (as of 2022) | $18,50 |
| Transfer/application fees (administrative fee for transfer in the community) | Only when purchasing in a HOA community, usually $100. In some Golf communities these fees can cost several thousand USD | $100 |
At the time of purchase, additional costs may be due, depending on the specifics of the transaction. These expenses are part of the running costs such as:
- Still to be paid property tax
- Already paid garbage collection fees
- Already paid homeowner association (HOA) fees
- HOA fees for the next billing period if the ownership transfer is close to the beginning of that period.
Between the executed sales contract and the transfer of ownership, the following fees may also be due:
- Application fee for the homeowner’s association (HOA)
- Fee for the home inspection
Some additional fees when taking over homeownership are:
- First installment for home/flood insurance
- Deposit to the electric supplier
- Customer Fee for water/Sewer company
- Deposit to TV/Internet Company