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What’s the Difference Between Binding and Non-Binding Moving Estimates from Moving Companies?

When moving from one place to the other, hiring a Bay Area residential moving company takes a lot of the stress out of the moving and packing process. After answering some questions about your assets, the movers will send you a moving estimate showing the approximate cost of the move. But did you know that there are a few different types of moving estimates? You should always find out which type of quote you’re getting from potential moving companies, so our Bay Area movers explain the difference between binding and non-binding moving quotes.

Each one of these moving estimates come with their differences, advantages, and disadvantages. Here’s what you should know.

Non-Binding Moving Estimates

This type of interstate moving estimate gives you an approximate idea of how much you will pay for the move. However, the reason why it’s a “non-binding” estimate is because it’s not guaranteed or contracted. With this estimate, there is a possibility that the actual amount might turn out to be more or less than the original estimate.

If you’re looking to pay as little as possible, a non binding estimate is great because you may end up paying less than the original quote. On the other hand, if the services turn out to cost more, you will end up having to pay the higher price. However, Bay Area moving companies who want to remain in good standing, try as hard as possible to give accurate estimates. The more accurate you are with your asset estimate, the more accurate the final cost will be, since the moving is based on weight, packing materials and distance.

Binding Moving Estimates

For binding moving estimates, one pays the estimated cost regardless of whether the weight ends up being more or less than estimated. Binding moving estimates often apply to interstate and long distance moves, just like non-binding estimates.

One may wonder if binding moving estimates are beneficial. The answer is yes! They are. The advantage of this moving quote is that you know the exact amount you’ll be paying in the end.

Local Moving Estimates

In most situations, local moving estimates are usually non-binding. Local moving companies will usually charge hourly for the truck, materials used for packing and labor. Since longer packing and moving times can cast more in the long run, it’s helpful to be as organized as possible when the movers arrive.

Check out our Moving Checklist Calendar for tips on an efficient and organized move!

Be Sure to Hire One of the Best Bay Area Moving Companies

Knowing the different types of moving estimates allows you to budget and plan for a move, without facing any unexpected costs down the road. Always ask a potential moving which type of quote they offer, and if it’s binding or non-binding. If you live in the Bay Area and are ready to learn more about Magic Moving’s local and long-distance packing and moving quotes, contact us today at (877) 246-2442 or contact us online 24/7.

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