When owning a property your carrying costs can eat into your profits when you are trying to sell your home.
If your home stays on the market longer than expected, your expenses will increase monthly.
Basically carrying costs refers to the net amount of expenditures you will have before your home is sold and any profits are realized.
It is an extremely eye-opening experience when you review a breakdown of the carrying costs you will face when selling your house with a Houston real estate agent.
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Monthly Expenses
Utility bills that roll in like clockwork are included in the breakdown of the carrying costs you will face when selling your house with a Houston real estate agent.
Agents can provide average days a house sits on the market, however, they can’t provide the date you’ll close on the property.
This open-ended arrangement can quickly escalate into an extreme financial burden as the property lingers on the market.
Insurance
Homeowners insurance is another necessity and must also be counted in the breakdown of the holding costs you will face when selling your house with a Houston real estate agent.
It just isn’t worth the risk to try to save money and many lenders require insurance, in addition to PIP mortgage insurance if you still owe a balance of more than 80 percent on your mortgage note.
Property Taxes
Property taxes wait for no one and will continue to accrue while your house is listed. You can easily determine your monthly cost by dividing the annual bill amount, the taxes will be prorated and included in your closing.
This is another expense in the breakdown of the holding costs you will face when selling your house with a Houston real estate agent.
Mortgage Payments
Your mortgage payments won’t wait for your buyer to come along, breakdown of the holding costs you will face when selling your house with a Houston real estate agent. Naturally, your lender will expect your payments to continue.
Repairs
Repairs are a never-ending theme of homeownership that needs to be incorporated into the breakdown of the holding costs you will face when selling your house with a Houston real estate agent.
In particular, as homes age repairs can literally drown you in unexpected expenses.
Maintenance
Maintenance also needs to be added to the breakdown of the carrying costs you’ll face when selling your house with a Houston real estate agent. Maintenance must remain ongoing, especially when your home is listed and you want to attract buyers.
If you’ve already moved, you’ll have to add travel expenses or pay someone to help you monitor the property and keep everything in order.
Failure to account for carrying costs can prove disastrous
All of these costs can add up to thousands while your house is sitting on the MLS. Why wait any longer?
Sell to Sell Your Homes Houston instead! Save yourself the time, energy, and hassle of listing your home, we offer a quick and guaranteed closing date!
You can forget about the utility bills, with no more homeowners insurance, property taxes, or mortgage payments to make.
Repairs and maintenance will no longer be a concern. Call 832-535-2034 today or send us a message to learn how we can help you!