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Buyers Tips

Beware Of Extra Costs That Come With Buying A Home

If you are thinking about buying a home, you may not be aware there are extra costs on top of the home’s purchase price.

You must figure those costs into your calculation to ensure you can afford them.

How Understanding Extra Costs when Buying a Home Can Save You Money

Understanding extra costs when buying a home can save you a ton of money on your home purchase.

But when you don’t know, how do you know if you can afford it? 

A free special report titled, 13 Extra Costs Before Buying a Home will help you avoid any surprises when buying a home.

Here are 2 additional costs you should be aware of to budget correctly for your next move.

1. The Appraisal Fee Is an Extra Cost on top of the Purchase Price

Your lending institution may request an appraisal of the property. This would be your responsibility to pay for it. 

Appraisals can vary in price from approximately $175 – $300. This will give you a good idea of a fair offer depending on your appraisal results.

2. Beware of Increased Rates in Moving Costs

With the increase in gas prices and high inflation, the rate for moving costs is doubling. 

Although it may be a minor factor, it often comes with a hefty price tag.

According to Forbes, as of February 2022, the national average cost of moving is about $1,400, ranging from $800 to $2,150. 

However, this price range is for a 2-person moving team completing a local move of fewer than 100 miles. 

For long-distance moves, the average cost of movers jumps to between $2,200 and $5,700. 

Avoid The Fear of Extra Costs With a Buyers Cancellation Guarantee Agreement 

When you decide to work with our team at Your Home Sold Guaranteed RealtyBy Gupta Group, we have a buyer’s cancellation guarantee in place to protect you if the extra costs that come with buying a home are too high. 

We guarantee you have the right to cancel your Home Buyer Agreement any time before making an offer to purchase your house with no penalties or obligations.

Give us a call today at 408 740 7400 or fill out the form below to see how we can help you avoid extra costly mistakes and protect you with this risk-free insurance policy.

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