#86 - Essential Expenses when Moving

In this episode, Austin and Cole discuss the various costs associated with moving, particularly in the context of real estate transactions. They cover essential topics such as tax implications, moving costs, professional services, inspection and deficiency work, and mortgage costs. The conversation emphasizes the importance of budgeting for these expenses and understanding the nuances of each aspect of the moving process. The opinions expressed herein are solely that of Austin Catalano and Cole Dowling, not Royal LePage Wolstencroft, Dominion Lending Centers Next Generation Mortgage, or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these Episodes. This communication is not intended to cause or induce breach of an existing agency agreement.TakeawaysMoving costs can include hidden expenses.Property transfer tax must be paid upfront.Hiring professional movers is often necessary.Mail forwarding is an important step when moving.Cleaning services can save time and ensure a good condition.Insurance needs to be updated when moving.Legal costs vary depending on the transaction type.Inspections can reveal deficiencies that need addressing.Understanding mortgage penalties is crucial when selling.Every real estate transaction has unique costs. Chapters00:00 Introduction to Moving Costs12:56 Professional Services in Real Estate21:25 Mortgage Costs and Considerations