Find yourself left holding a property that you have decided to sell? Your property is quite literally is holding you as well. Your aspirations and dreams will be put on hold, as your expenses will prevent you from moving forward. As one of the largest investments you will make, it is important to understand the true cost of ownership for your home. There are many factors to take into consideration when it comes time to sell. You’ve likely invested even more for any necessary rehab and staging to list your home, only to find the ongoing costs involved in holding the property are killing you! Not to mention the hassle of living around showing appointments and having your time wasted by unqualified buyers, low ball offers, and people just looking to get ideas for their own home! Here we will cover the things you need to know, which you should avoid or fix up to help reduce the costs and lessen the chances of heartbreak.
End The Costs
Do not rely on the miraculous deals you may hear about where a house was listed and sold within hours or even the same day. Truthfully, the reality of it is that many properties end up sitting on the market for months or even years. The longer a home is on the market, the lower the price that is usually realized and the likelihood of additional repairs should be factored in. These unexpected, turbulent happenstances can cause stress and discouragement to those trying to sell their home.
Why not sell to us now and save yourself from what can become a sinking ship of unexpected risks and expenses? We can help to end the deafening sound of silence when it comes to getting offers on your Pomona property. If you would like to avoid the stress, the ripping of your heart when things fall through, and honestly save your wallet from an onslaught of depression… allow us to help you.
What Owning A House Is Costing You
As time passes, the financial responsibility of keeping a home on the market can be distressing, devastating, or down right dispiriting. Costs involved include mortgage, insurance, and taxes. Any number of factors can influence the bottom line on these numbers. Of those, some include variable interest rates, time of ownership, and market changes which can affect the equity you had hoped to realize on your Pomona property.
Utilities, upkeep, and maintenance are ongoing; most especially when your home is on the market and are of utmost importance to attract buyers. These same costs of ownership can also drown you in unexpected expenses. This is especially true as homes age.
Circumstances change, life does not wait for us as much as we may want it to. Anything can happen that may offset the experience of selling your Pomona home. A new job or some unforeseen opportunity may force you to move prior to your home selling, leaving you to cover unexpected costs of ownership. You’ll need to hire professionals to maintain your Pomona property from a distance, in addition to covering all of the costs of two properties. In the event of a move, or distancing from the property, someone should regularly check on the property to catch any new issues, including theft by someone you’ve entrusted or maintenance issues such as leaks, circuit repair, appliance damage, etc. before they turn into even larger disasters.
The fact that your home is sitting empty can also make it an attractive target to vandals and thieves and is yet another possibility of costs you may incur based on your decision to sit on your Pomona property as well, contributing to what your Pomona property could really cost. Even homes with security systems or in good neighborhoods are at risk when it comes to these crimes. There is no way to ensure that someone won’t try something, but being prepared for the possibility is a better alternative to hoping it just won’t happen to you.
Considering all of the variables in the financial markets, the housing market, the costs and risks of maintaining an empty home and life changes that can contribute to the bottom line, these factors can severely deplete what you earn on your investment, let alone unexpected repairs or outright theft or vandalism. It’s clear to see that time truly is of the essence. You can be sure time passing equals more costs to you.
All risks and inconveniences considered… with the costs of ownership and what your Pomona property is really costing you in the long run, it makes sense to let us purchase your property in Pomona, relieving you (finally) of the financial responsibility and risks. We’re here to help!