Susan McPherson's Blog
After you buy or sell a house, you may have only a short amount of time to relocate to a new address. As such, it helps to plan ahead for moving day. Because if you start preparing for your move right away, you can budget accordingly.
There are many moving costs you need to account for as you prepare to relocate, and these expenses include:
The costs of moving boxes, packing tape and other packing supplies can add up quickly if you are not careful. Fortunately, if you consider what you will require so you can pack your belongings, you may be able to minimize your packing costs.
Oftentimes, you can repurpose cardboard boxes for appliances and use them for moving day. If you have empty cardboard boxes for appliances you purchased, you may be able to re-use these boxes during your move.
You also may want to reach out to local supermarkets. In some instances, grocery stores have empty cardboard boxes and bubble wrap that they no longer need. And in these cases, you can pick up assorted supplies that you can use to get ready for your upcoming relocation.
If you have a large collection of items but do not have a place to keep them at your new address, there is no need to stress. In fact, you can rent a storage unit to keep these items safe until you are ready to bring them to your new home.
A storage unit is valuable for those who are moving to a temporary location until they find a permanent house. Or, you may want to rent a storage unit if you still unsure about which items you want to bring to your new residence.
There is no shortage of storage unit providers in cities and towns nationwide. If you shop around, you can find a storage unit company that offers you the space you need to keep your items safe for the time being.
If you want expert help on moving day, you may want to hire a moving company. That way, you can work with a moving company that can accommodate your moving day requests at a budget-friendly price.
Of course, you should account for travel costs associated with food and fuel, too. And if you are relocating from one state to another, you also may need to account for hotel costs as part of your travel expenses.
If you are uncertain about how to prepare for moving day, you may want to consult with a real estate agent as well. In addition to helping you buy or sell a house, a real estate agent can help you plan for moving day. Best of all, he or she can offer tips to help you seamlessly relocate from one location to another.
Create a moving day budget – you will be happy you did. If you account for the aforementioned moving expenses, you can avoid the risk of spending beyond your means to get ready for moving day.
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Moving into a new house takes a lot of time and a lot of money. It can take months to feel like you’re truly “moved in” once you’ve finally gotten the keys to your new home. As a result, many people rush to purchase and set up their houses as quickly as possible.
If--like most people--you’re on a budget, it isn’t always realistic to expect your home to be completely furnished set up in just a couple of weeks. That’s why it’s important to have a plan of your priorities when moving into a new home.
In this article, we’re going to talk about some of the “need now” and “it can wait” items for your home. In creating this list for your home you can make your move a smoother process and help yourself feel at home sooner without having to spend every waking hour (and every cent of your bank account) furnishing your new home immediately.
Read on for a list of the items you need at move-in, the things you should prioritize within the first weeks, and those that can wait.
What you need now
If you’re moving from an apartment or a former house, chances are you have a lot of the items you’ll need to get started in your new home. These are essentials like mops, vacuum cleaners, and your kitchen and bathroom essentials.
Next, you’ll want to determine the things that will make your life in your new home easier. We’re talking daily-use items that you might need for your morning routine. If you’re the type of person who frequently loses keys, it might be a good idea to prioritise a key hook. If you struggle to put on makeup in a dimly lit bathroom, installing new lights should be at the top of your list.
Setting your priorities for the first month
A good way to budget furnishing your new home is to give yourself a specific number of items to buy in the first month, then the second, and so on. Get together with your family, or significant other if applicable, and together determine what’s most important.
It may be that energy efficient windows need to be prioritized over new curtains and blinds. Or, you could have to find a paint color that matches your living room set before repainting your bedroom. Regardless, be sure to budget all of your purchases so that you feel comfortable and ready to take on the first month in your new home.
What can wait
There are a number of items in most homes that are purely cosmetic or decorative. However, the cost of all of the decorations in your home can add up. If you’re planning on starting from scratch with decorations, it’s a good idea to hold off until you have the essentials. This is a good opportunity for you to find the right paint colors and decorations that match your furniture and appliances.
Now that you have a three lists for your home, you should be prepared to furnish it at a pace that works for you.
Buying and selling real estate is a complicated process that takes time. Because you are making a life decision and dealing with strangers, you should always have a valid purchase contract. Real estate agents use a standard contract, but the buyer and/or seller may make changes to that contract. In making changes, be careful not to make the contract invalid.
A Valid Contract
Four elements make up a valid contract:
You must have an offer. In real estate, this is the party purchasing the real property.
You must have consideration. This is something of value, usually cash. In real estate contracts, this is called good faith money or earnest money and is usually 1 to 3 percent of the purchase price. The good faith money is typically non-refundable should the buyer back out of the contract. The consideration shows that the contract is not a gift.
The other party must accept the offer in the contract. If the seller signs the contract, they accepted your offer. However, if the seller does not accept your offer, they do not sign the contract. If the seller wants to counter, this may be verbal until the two parties agree upon a number. The real estate agent drafts a new contract that both parties sign.
Finally, the contract must contain mutuality or what attorneys often call “a meeting of the minds.” By signing the contract, the parties agree that they understand and agree to the terms of the contract.
Components of a Real Estate Contract
A real estate contract must contain:
The buyers’ full names.
The sellers’ full names.
The address and legal description of the property.
The purchase price and how the buyer will pay it, whether cash, cash subject to a new mortgage, cash subject to an existing mortgage, cash with the assumption of the existing mortgage or sale by land contract.
The amount of earnest money.
How the buyers and sellers will handle real estate taxes, assessments and adjustments.
How the sellers will transfer title and that the title is free and clear.
Date and time of possession of the property or closing date. In most cases, this is the closing date since most people do not have the cash to buy the property without a mortgage. It generally takes 30 to 60 days for a mortgage to be approved.
A list of improvements and fixtures that the seller will include in the purchase price.
Any other general or special conditions for the sale and/or purchase of the property.
Most real estate contracts also have exceptions. If these terms cannot be met, the buyers’ non-refundable deposit becomes refundable. Common exceptions include an inspection meeting the buyers’ expectations and the ability of the buyer to procure financing. The parties may further negotiate the price of the real estate based on the inspection. The parties may also add any other agreed-upon exceptions.