| Hidden costs are the last thing anyone wants after | | | | aging of the property. |
| spending months on a home sale. Even a couple | | | | As a buyer, you'll also want to consider how much it |
| thousand dollars in extra expanses can break a buyer | | | | will cost to relocate. Large purchases like new furniture |
| or seller's budget. Many people to avoid moving | | | | and appliances should be carefully planned before you |
| altogether for this reason. | | | | move in, as should small purchases, like yard tools and |
| The good news is moving costs are easy to plan for if | | | | household necessities. Daily costs such as groceries |
| you start early enough. A quantitative approach here is | | | | and the general cost of living in your new area should |
| often the best, providing the most transparency | | | | also be considered here. You may also have to join a |
| between moving costs, realty costs, and lifestyle costs. | | | | new neighborhood association, or spend more money |
| By applying quantitative methods before you buy or | | | | on transportation when you move to a new place. |
| sell, you'll take a lot of uncertainty out of your next real | | | | For Sellers |
| estate transaction, and save money down the road. | | | | Moving out can also be costly, but these costs are |
| The first step is getting to know the moving process. | | | | often easier to plan. As a seller you'll often pay for |
| There are certain costs you can count on whether | | | | improvements to your property, which may or may |
| you're buying or selling a home, but this article | | | | not be part of the final sale price. It's also important to |
| separates the two categories to make it easier. | | | | plan for and track any improvements which might be |
| For Buyers | | | | made before the property is listed. |
| Moving into a new home can include a wide variety of | | | | Realtor and listings fees also fall to the seller during a |
| costs before and after the sale. Before you take | | | | real estate transaction. You'll know early on how much |
| ownership it's important to look at the home from an | | | | it's going to cost to work with a Realtor or list your |
| objective point of view, separating the the investment | | | | home with an FSBO association, but there are also |
| potential from the value to you as a home. You can | | | | indirect costs, like the time you spend marketing your |
| also consider your own expectations, and how much | | | | home, to consider. |
| money you expect to make on the investment. If you | | | | After you quantitate you'll be confident as a buyer or |
| make sure your expectations are realistic, you'll be | | | | seller, and more prepared financially. |
| well-prepared for changing market conditions, and the | | | | |