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