Just had someone basically ask me to drop my price $200 that would be an absolute No & go fly a kite
Here's why when it's all said and done with our fees we walk with a little more than $296 after insurance, business insurances (E&0 & Liability) gas, software expenses, state license fees, continuing education fees, tools, ie: like buying a new sewer camera for $4,000 because the other one broke, uniforms, marketing and other miscellaneous expenses.
We recently did a market research on the top 20 inspectors that I consider to be good and have been around long enough in Cincinnati All their prices were the same as ours give or take a few dollars
You will find some cheap inspectors working for under $400 they won't be in business long or they will finally wake up and realize that they're losing money and increase their fees.
For my preferred Realtors we always give a $50 discount not everyone gets that price
For the record our average fee this year is $803 when you include the mold testing, sewer scopes, radon testing.
That of course includes all our ancillary services so do not insult one of the best inspectors in the city by asking them to drop their fee $200. If the home buyer can not afford a $400-$500 inspection then they do not deserve to be owning a home.
The average expenses for a homeowner in the first year can vary significantly based on location, the size and age of the home, and individual circumstances. However, here are some common costs that new homeowners might encounter:
1. **Down Payment**: This is typically a significant upfront cost. For a conventional mortgage, this might range from 3% to 20% of the home's purchase price.
2. **Closing Costs**: These can include fees for appraisal, inspection, title insurance, and loan origination, among others. Closing costs generally range from 2% to 5% of the home's purchase price.
3. **Property Taxes**: Property taxes vary widely based on location and the value of the home. They can be a substantial annual expense.
4. **Homeowners Insurance**: On average, homeowners insurance costs around $1,000 to $1,500 per year, though this can vary depending on the home’s location, size, and coverage.
5. **Utilities**: Monthly utilities (electricity, water, gas, etc.) can range from $150 to $300 or more, depending on the size of the home and local rates.
6. **Maintenance and Repairs**: It's recommended to budget about 1% of the home's value per year for maintenance and repairs. For a $300,000 home, this would be around $3,000 annually.
7. **HOA Fees**: If the home is in a community with a homeowners association (HOA), fees can range from $100 to $500 or more per month, depending on the community.
8. **Landscaping and Yard Care**: This can range from $500 to $2,000 annually, depending on the size of the yard and whether you hire professionals or do it yourself.
9. **Furnishings and Appliances**: If the home is new to you, you might need to purchase furniture, appliances, or other essentials. This can vary widely based on personal needs and preferences.
10. **Emergency Fund**: It's wise to have an emergency fund for unexpected expenses or repairs. Many experts recommend setting aside at least $1,000 to $2,000 for this purpose.
Overall, the total first-year expenses for a homeowner can range from $10,000 to $20,000 or more, not including the down payment and closing costs. It's essential to plan and budget carefully to cover these costs and maintain financial stability as a new homeowner.
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