To get an idea of the numbers, it’s helpful to make a realistic list of all the recurring costs associated with keeping your property on the market. Maintenance expenses like your mortgage, taxes, insurance, maintenance or moving expenses before you sell your primary home can quickly add up as you watch the clock and wait for your house to sell. For example, if property holding costs are $2,500 per month and it takes three months to sell, your costs for those three months were $7,500.
Depending on the condition of your property, especially those with older homes need to consider the probability of covering unexpected repairs. By understanding your holding costs, you can genuinely understand what you’re profiting from on your sale; read on as we explore how to calculate your holding costs when selling your house in Greensboro.
Mortgage, Taxes, and Insurance
While there’s no guaranteed closing date when you list a property for sale on the Greensboro real estate market, an agent can provide you with the average days on the market for similar properties. You can start by adding up one of the most significant drains on your profits, typically your monthly payments for your mortgages, taxes, and insurance as a part of your holding costs when selling your house in Greensboro, and multiply by the estimated time until closing. Professional investors like those at AIP House Buyers want to help you sell for the highest possible profit. The local professional investors at AIP House Buyers operate with total transparency. The professional investors at AIP House Buyers will provide a detailed comparison of what you could profit by listing vs. a direct sale so you can make the best decision for your situation. There are no hidden fees or costs associated with using a local investor who buys houses.
Utilities
Agents highly recommend leaving the utilities on during the listing. It’s standard practice to leave them on for a few days after closing so that final inspections and walkthroughs can be thorough, so you must also add this amount to accurately calculate your holding costs when selling your house in Greensboro. Professional investors like those at AIP House Buyers save sellers from carrying this extra load. The professional investors at AIP House Buyers save sellers even more because they never charge commissions. We operate quickly and close on a date of your choosing using local Real Estate attorneys.
Maintenance
When you’re property is for sale, it’s essential to keep the curb appeal at its peak, which requires sellers to keep up with maintenance work and expenses like lawn care, adding another cost to the calculations for your holding costs when selling your house in Greensboro. In addition to your expected maintenance costs you may also encounter the unexpected costs like plumbing issues, tree damage, electrical issues, any of these expenses could end up requiring you to dip deep into your pocket.
By buying your house directly, professional investors like those at AIP House Buyers can help you eliminate your maintenance costs and all of the work and worry. In addition, the professional investors at AIP House Buyers save sellers even more by working with a full-service in-house team of industry specialists, including every pro necessary to get you to the closing table without paying any closing costs or hidden fees.
Travel
Suppose you need to travel to care for a property. You may pay airfare, lodging or other transportation costs or a management fee for someone to care for the property if you cannot travel. In that case, this is another cost you’ll need to calculate for an accurate picture of your holding costs when selling your house in Greensboro. Depending on the time it takes to sell your house you could be talking about multiple trips. Professional investors like those at AIP House Buyers offer a guaranteed closing date, often in as little as a few days. The professional investors at AIP House Buyers have the flexibility to allow you to select the calendar date for your closing if you’re not in a big hurry.
Repairs
Unexpected repair costs are always a possibility and should be another factor in cost of living when selling your home in Greensboro. Even though you’ve prepared and made the necessary repairs to get your house on the market and get a fair price, a professional inspection can help uncover hidden problems before you sell. This will come at a cost to you the homeowner. With this information, you can decide whether to invest time and money in repairs or disclose problems to potential buyers, and handle potential contingencies during negotiations. Usually, the buyer has an unrealistic idea of the cost and demands that the repairs be completed or that the seller complete the repairs before closing. Professional investors like [the firm] buy houses as is for cash. The professional investors of AIP House Buyers take the risk of possible issue and accept the fact they will have to make these repairs after the purchase.
The professional investors at AIP House Buyers can help you calculate your holding costs when selling your house in Greensboro without obligation. The professional investors at AIP House Buyers and the entire team work to make the process simple and easy for sellers. At AIP House Buyers, we want you to feel good about working with us long after closing and agree our offer was fair. Don’t forget to ask about our current investment property inventory at AIP House Buyers. Call AIP House Buyers at (336) 707-5223. If you decide to choose the hassle free quick sale option to sale your house then please reach out to AIP House Buyers for your free no obligation cash offer. We are not Mark Spain or one of those other large house buying companies. We are a local company in the Greensboro, NC area and will make a guaranteed cash offer on you Triad home. Call or text 336-707-5223.