I am looking at my options of buying a house out of college. I am comparing the cost of buying a cheaper house now and then in about 5 years moving up to a house that will be able to support a family better versus just buying the nicer house now.
I have determined that I can budget the full amount of a 15 year mortgage on the nicer house, but am considering going with a cheaper house and putting the difference of monthly payments into savings. Then use that savings toward buying the nicer house later.
The factor that I am having a hard time adding in is the cost of buying a house, by this I mean all of the fees (title, closing, mortgage, realtor, etc). What should range should I expect for these and will they be different on buying versus selling?
Note: This is in the United States.