The difference between binding and non-binding moving quotes

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Relocation is a process that will have you grasping several tasks at once. If you are new and have little to no experience, this process can quickly become overwhelming. Moreover, with everything happening you need to know how to handle it properly. Today, we talk about an important part of every relocation process – the moving estimates. To be more precise, we will talk about the differences between binding and non-binding moving quotes. Hiring professional movers, like Eagle Van Lines Moving & Storage, is a great way to speed up the moving process. However, you should know a thing or two about how the process works if you are going to move like that. Now, not that you need to know about it. It is just much better for you to understand what you are getting into when facing a difficult task such as relocation. Let us elaborate.

There is more than binding and non-binding moving quotes

If you want to have a successful move, you will need to understand some of the basic parts of the process. Especially if you are planning on hiring professional movers to help you relocate your household. Hiring movers might be the best solution for your relocation, but you need to know who to sign. Moreover, you need to know what to expect from a moving company and how to avoid fraudulent ones. Luckily, today we will help you learn how to know the difference.

a movers making a list of items before choosing between binding and non-binding moving quotes
A moving quote should help you understand what are the expenses and what affects them the most

Whether you are moving your office, and require commercial movers NY services, or you are moving your home, a moving estimate or quote will play a big role in deciding whether or not to hire a certain company. Not only will it help you understand which company to hire, but it will also help you understand the expenses you will have.

What is a moving estimate?

On many occasions, people will turn to professional movers when it comes to relocating their homes. Now, hiring professional movers is always a good idea. However, you need to know who you should hire. To understand the basics of your future expenses, the moving companies you contact provide you with moving estimates or quotes.

Furthermore, you should understand that there are many things that affect the overall expense you will have. For instance, on top of the basic relocation services, services like packing, obtaining packing materials, and other services, will all affect the price. Therefore, a moving estimate will help you understand the basic expenses of your relocation. With that in mind, we can separate three main estimates you can receive:

  • Non-binding estimate
  • Binding estimate
  • Binding Not-To-Exceed estimate

The importance of a moving estimate

Now, these types of quotes might seem like a good way to learn more about the expenses and nothing else. Although true, the moving quote can also help you determine which company you should hire. More importantly, which company you should avoid. Because relocation is a constant and frequent process, there are a lot of moving companies out there. Each of these companies wants to be the busiest. However, in the sea of different companies, we are bound to find some rotten apples. These fraudulent companies can often appear as regular companies.

a movers making a checklist of the items he has to move
By gathering several moving quotes from different companies you can determine which one suits you the best

You can gather several estimates from different companies and compare the prices. Fraudulent companies will often resort to the “too good to be true” offers. By having an insight into several offers, you can easily figure out which company to avoid. Now, let us talk about binding and non-binding moving quotes and what are their main differences.

The differences between binding and non-binding moving quotes

There are many things that can affect the price of your relocation. From how many items you carry, to what season you are moving in, the price of your move can be either very high or surprisingly low. Moreover, the type of estimate you choose for your relocation also plays a big role. So, if you want to hire local movers New York to help you relocate, you will need to understand what to expect.

Binding moving estimate

The binding estimate is not a very common type of estimate you might receive when moving. Namely, this type of estimate provides the client with a certain amount they have to pay for the items that movers need to relocate. Furthermore, it also includes all of the services one would require during relocation.

a man crouching between cardboard boxes as he writes down something
The binding estimate does not change the price of the relocation regardless if you add or lose items

However, what is specific about this estimate is that the moving company determines the definite price for this relocation. This means that the client will pay no more or less than the original price, regardless if you decide to not take certain items with you or not. Once the estimate is made, the price cannot go up, nor down. As this estimate might be in written form, once settled, you cannot change the offer or the estimate. Although it has advantages, this estimate is not an ideal choice.

Non-binding moving estimate

This type of estimate is often the “go-to” option for fraudulent movers. Because it is non-binding, the company will determine the price of your relocation depending on the weight, amount, and complexity of the items you want to move. This gives a lot of space to fraudulent companies to “low ball” clients with offers and increases the prices at the last minute.

So, before you decide to hire residential movers New York, make sure to know which type of estimate you want and which estimate they resort to. Unlike the binding estimate, this one does not have a specific fee set in stone for you. Instead, the moving company can change the prices at any given time and create financial burdens for you. Furthermore, as we conclude the differences between the binding and non-binding moving quotes, we want to encourage you to do your own research before signing the contract.

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