Failing to Factor in Additional Costs

Most sellers focus only on selling costs but forget that selling usually means moving somewhere else, and that’s where unexpected expenses pile up. Whether buying your next home, renting temporarily, or moving to a retirement community, you’ll face moving costs (trucks, movers, boxes, supplies), utility deposits for new service connections, new furniture or appliances (especially if leaving yours behind), storage unit fees if there’s a timing gap between closings, cleaning costs for both old and new homes, and interim housing or temporary lodging if timing doesn’t align. Even small things like restocking household supplies, changing locks, or setting up internet add up quickly. If you’re moving to a different housing type like a retirement community or condo, expect upfront fees, membership dues, or deposits that can catch you off guard. Start planning for the complete financial picture—not just what it costs to sell, but what it’ll cost to land comfortably in your next home. Talk to your agent about potential move-out costs and make a list of what you’ll need to replace or set up in your new place. Better budgeting leads to smarter decisions and smoother transitions, preventing financial stress during an already challenging time.