I have had a handful of people

@adeline.bolda

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eXp realty

Why it worked

The video provides a clear, step-by-step breakdown of homeownership costs, addressing a common concern for first-time buyers. The use of on-screen text and specific dollar amounts makes the information easily digestible and relatable.

Summary

This video breaks down the estimated costs of homeownership for a first-time buyer in Arizona. It details the down payment, inspection, appraisal, and moving expenses, totaling around $18,100, with a recommended safe budget of $20,000.

Structure

1Introduction to homeownership costs
2Calculating down payment
3Negotiating seller-paid closing costs
4Estimating inspection, appraisal, and moving expenses
5Total estimated cost and safe budget

Original caption

How much does it cost to get to a home? Here’s what you can expect to budget for as a first time home buyer in AZ #realestate #homeowner #buyingahome #Home #buyahome

More from @adeline.bolda

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Instagram (appears, does not act, removing it would not change video) eXp realty (appears, does not act, removing it would not change video)

Call to action

For a personalized closing sheet, message me.

On-screen text

I have had a handful of people reach out to me here on Instagram what it would cost to actually be a homeowner $420,000 $420,000 DP: $14,700 I always negotiate for my buyers to have their closing costs and rate buy down paid for by the seller we don't have to really estimate for closing costs in this situation but we do need to put aside a few thousand for inspection appraisal and moving expenses $420,000 DP: $14,700 Inspection: $1,000 Appraisal: $400 Movers: $2,000 Total ≈ $18,100 Safe budget ≈ $20,000 its always safe to estimate a few thousand more your first month of mortgage is not paid for so you'll have a good month to move in get acclimated then your mortgage payments will start the second month that you are in the home For a personalized closing sheet, message me. Adeline Bolda

Transcript

I have had a handful of people reach out to me here on Instagram asking about what it would cost to actually be a homeowner. So I'm gonna do a breakdown of what it actually looks like. Let's assume for instance that you're gonna buy a $420,000 house. The absolute minimum that you have to bring to close on this house is going to be 3.5%. So in this case that's $14,700. I always negotiate for my buyers to have their closing costs and rate buy down paid for by the seller. We don't have to really estimate for closing costs in this situation, but we do need to put aside a few thousand for inspection appraisal and moving expenses. Put aside $1,000 for inspection, $400 for appraisal and about $2,000 for moving cost, which is if you need to hire out a truck or a moving company. So in this case, the cost for home ownership is roughly 17 to 18 thousand dollars. It's always safe to estimate a few thousand more. Your first month of mortgage is not paid for. So you'll have a good month to move in, get acclimated, then your mortgage payments will start the second month that you are in the home.