How to estimate closing costs to expect on auction property
I have been searching on the forums for quite awhile today, but no luck finding the info I am looking for. Somewhere on Biggerpockets I learned that you should never use estimates when real numbers are available, and that has been our goal when assessing properties. However, in this case, I can't even find estimates.
If we buy a bank foreclosure property at auction (in Houston/Harris County, Texas), what can we expect to pay in addition to the purchase price and the auction fee? Will a title company give us an amount we would be charged for a property costing $X? Is a title company even involved when you purchase a property at auction? What about realtor fees? Are there any?
Thanks for your help!