Hi, were going to talk about 4 unexpected home buying costs that you should be aware of as a buyer……….. I’m Tom Olsewski with Team Olsewski and Coldwell Banker. It’s not cheap to buy a home these days. Even still, most buyers only look at the sticker price and mortgage payment when determining their budget. There are a lot of additional costs when it comes to buying a home that could cost you. 

So here are four of these unexpected costs that could pop up and put a strain on your savings if you’re not prepared:

1. The inspection. Once you’ve made an offer, you usually need to pay up to $500 for a general home inspection. If the inspector finds any major problems, you may have to find another specialist to come in and offer their professional opinion.

2. Bringing cash to the table. Many buyers are surprised about the extra cash beyond the closing costs that they need at the closing table. Many lenders require six months or a year’s worth of taxes and insurance upfront. If the seller prepaid any taxes or homeowners association dues, you’ll have to pay the prorated amount for the rest of the year or quarter. I can help you by preparing a detailed Buyer Net Sheet that includes most costs and expenses

3. The move. Once you’ve officially closed, you’ll need to pay for the move. This can vary widely depending on where you’re moving and how much stuff you need to haul. Expect to pay at least a few thousand dollars if you hire professional movers.

4. The immediate costs. There are some costs that you’ll have to incur right away after closing. For example, you may need to hire a locksmith to change the locks (If you work with me that is what I provide as a closing gift), or handle utility deposits or set up fees. As a homeowner, be on the lookout for both routine and unplanned maintenance costs. You should expect something to break within the first year. It happens. Set up an emergency savings account with at least six months of expenses to cover unexpected costs. You can help avoid a lot of these expenses with a home warranty plan.

So as always If you have any questions about buying or selling, don’t hesitate to send me an email or call me direct. I’d love to hear from you and help you in any way I can.


A resident of the Temecula area since 2003, Tom has been an active real estate agent since 2004. He has consistently been ranked in the top 5% of sales production in the Temecula market, and has produced over $80 million in career volume. He and his wife Maria have raised three children in the Temecula area with all three graduating from Chaparral High School.

When not listing real estate, selling real estate, or writing about real estate, Tom is trying to keep up with his grandson on their bikes, playing sports, learning Guitar, or trying to knock the rust off of his tennis game. Over the years he has coached hundreds of youth soccer, basketball, baseball teams. He was most recently coaching his grandsons pony baseball team.

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