Joseph Del Sesto's Blog
You've sold your home, and moving day is almost here. As such, now may be the perfect time to pack an overnight bag; that way, you're ready to survive with only limited supplies until you get settled into your new house.
Ultimately, there are several essential items to include in an overnight bag, such as:
It is important to pack enough clothing to ensure that you can dress comfortably until you get unpacked. Thus, you'll want to consider how long that it will take you to get settled into a new house as you prep your overnight bag.
For example, if you plan to take several days to unpack, you'll want to pack your overnight bag clothing accordingly. In this scenario, you'll likely need work clothes for the days that you're in the office, along with pajamas and other comfortable clothing that you can wear around the house.
If you know that you're going to be living outside a traditional home environment for a few days, it never hurts to pack cash in your overnight bag. By doing so, you'll have money available to buy food, beverages and other items as needed.
Consider how much money that you'll need to survive even a few days outside of a traditional home setting. Also, be sure to keep extra cash close to reduce the risk of losing this money while you relocate to a new address.
Shampoo, toothpaste and other toiletries should be included in your overnight bag. These items ensure that you can maintain a clean, neat appearance, regardless of where you're staying.
Many convenience stores and supermarkets sell travel-size versions of popular toiletries. Therefore, you may want to purchase travel-size toiletries to limit the chance that assorted toiletries will take up too much space in your overnight bag.
Furthermore, you can pack only the toiletries that you know you'll need for a set period of time to conserve additional space in your overnight bag.
4. Smartphone Charger
Let's face it – no one want to lose access to his or her smartphone for any length of time. Fortunately, if you pack a smartphone charger in your overnight bag, you can recharge your smartphone at any time.
Include a smartphone charger and any smartphone cords or wires in your overnight bag. In addition, don't forget to test your smartphone charger and accessories to ensure they work properly.
Packing an overnight bag can be quick and simple, particularly for those who plan ahead. And if you include the aforementioned items in your overnight bag, you should have no trouble surviving outside a traditional home setting.
Lastly, if you need help as you get ready to vacate your house, a real estate agent may be able to provide assistance. A real estate agent serves as an expert guide along the home selling journey and will do everything possible to guarantee that you are fully prepared for an upcoming move.
Buying a home is probably the largest purchase you will make in your lifetime. In spite of down payments and monthly mortgage dues, you’ll also have to plan for the fees that come with purchasing a home. These expenses are collectively known as closing costs.
Just how much can you expect to spend on closing costs when buying a house? Experts say that closing costs amount to anywhere between 3 and 5% of the cost of the home. So, if you buy a $250,000 home, you could pay as much as $12,000 in closing costs and associated fees.
Coupled with a down payment that is due at the time of signing, closing on a home can get very expensive very quickly. But we’re here to help you understand the cost of closing and how you can potentially cut some of those costs that are due at the time of signing. Read on to learn how.
What are closing costs?
There are dozens of possible expenses that may come up at the time of closing. Depending on your unique situation, you might pay for several or just a few of them. Some common closing costs include:
Mortgage application fee. This fee describes the cost of processing your mortgage application. Be sure to go over everything that this fee covers with your lender.
Attorney fee. While this fee may not always be required, it is a good idea to have an attorney review your mortgage and related documents and contracts.
Property tax. It isn’t out of the ordinary to be asked to pay the first or first two months of your property tax at the time of closing.
Insurance premiums. Flood, fire, and mortgage insurance premiums may all be required to be paid at the time of closing as well.
Home inspection. It’s not a legal obligation to inspect a home before you buy it, but it can save you thousands of dollars in repairs if an issue is discovered after you already sign on a new home.
Origination fee. Not all lenders charge an origination fee, but can expect to pay up to 1% of the value of the home to cover the lender’s administrative expenses.
Transfer tax. This is the tax for when a property changes ownership. Each state and county charge different amounts, with some states charging no transfer tax at all.
Underwriting costs. This is another fee charged by your lender for the work they do to ensure you are safe to lend to.
Where you can save
We know what you’re thinking: that’s a lot of fees. The good news, however, is that you likely won’t end up paying every closing cost there is, and sometimes closing costs are negotiable.
Here’s our advice on how to reduce closing costs.
Shop around. Find a lender that offers a closing cost that you’re comfortable with. Ask the lender for Good Faith Estimate (GFE). The lender is obligated by law to provide a GFE within three business days of applying for a loan.
Negotiate with the lender. Since you haven’t signed on the loan yet, you still have the power to negotiate. For best results, try to negotiate the smaller and more obscure fees; those that aren’t as common with other lenders are more likely to be reduced or removed.
Negotiate with the seller. Some costs may be negotiated with the seller depending on quickly they would like to sell the home. Negotiate things like inspection fees or transfer taxes with the seller. Or, bring up the closing costs with the seller and see if they will reduce the price of the home to accommodate for some of the closing costs.
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