Cost of buying a home

@iamsolexis

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Why it worked

The video likely performed well due to its relatable and informative content about the home-buying process, specifically breaking down the often opaque costs involved. The use of clear on-screen text and a personal narrative makes the information accessible and engaging for viewers interested in real estate.

Summary

The video breaks down the costs associated with buying a home, including deposits, inspections, appraisals, seller credits, and cash to close. The creator shares their experiences with two different home purchases, highlighting the financial aspects of each.

Structure

1Introduction to the cost of buying a home
2First house deposit and inspection costs
3First house appraisal and realization of wasted time
4Second house deposit and appraisal
5Second house inspection and seller credits
6Final cash to close and grand total

Product placement

The video shows various rooms and exteriors of two different houses, detailing the costs associated with purchasing them. No specific product or service is explicitly promoted or shown.

On-screen text

Cost of. buying a home Deposit: $400 Deposit: $400 inspection #1: $1765 inspection #1: $1765 Appraisal #1: $650 Appraisal #1: $650 Waste of time: Priceless Waste of time: Priceless Deposit: $1000 Deposit: $1000 Deposit: $1000 Deposit: $1000 Appraisal #2: Free Appraisal #2: Free Inspection #2: $445 Inspection #2: $445 Inspection #2: $445 Seller credits: +$11,800 Seller credits: +$11,800 Seller credits: +$11,800 Cash to close: $3,000 Cash to close: $3,000 Grand Total for my 🔑: $6,860 Grand Total for my 🔑: $6,860

Original caption

How much it cost to buy a home with a full breakdown. #homebuyingtips #househunting #buyingahouse

More from @iamsolexis

Their other posts in the index, biggest breakout first.

Transcript

Cost of buying a home Let's talk about how much it cost me to get to the closing table. So for the deposit on the first house it was $400 and I quickly found out that this was actually on the low end. You'll see why. Deposit: $400 Inspection #1: $1765 Next was inspection it was an older house so I did pay $1765 which is crazy and I'll never do it again. Appraisal #1: $650 Appraisal was $650 and didn't end up getting that house. Waste of time: Priceless So the waste of time is priceless. Deposit: $1000 Next for the home I am getting the deposit was $1000 he was not playing around at all. Which I can respect in this economy. Appraisal #2: Free Luckily since I paid for my first appraisal I did not have to pay for the second one in my mortgage office did that for me. Inspection #2: $445 I learned my lesson from the first inspection so I only paid $445 for the second one plus this house was a lot newer and I really didn't have anything to worry about. Seller credits: +$11,800 My seller credits was almost $12,000 which helped out a lot and brought my cash to close to $3,000. Cash to close: $3,000 This brings me to a grand total of $6,860 to get my keys to my new home.