The Impact Of The Holding Costs In The Final Sale Price

We Buy Fast Houston Houses always tries to remind our clients the importance of making money while selling my home fast. Don’t be blinded by amount of money that you’ve made after closing the deal. It might look like a fortune at face value, but if you do your math right, you’ll realize that you’ve actually been shortchanged.

Mortgage

We can tell your eyebrows are both raised up, a sign that you’re dying to know what exactly we’re talking about. Well, we’re referring to the holding costs, and their impact of the profit made once the deal closes.

Holding Costs

By definition, the holding costs are basically the costs incurred by the seller while they wait for a buyer to make them the right offer. And these costs have to be part of the profit equation, if you’re looking to get a vivid picture of what it’s like selling my home fast through a real estate agent.

  • Mortgage

We Buy Fast Houston Houses always likes to work with a list of items when buying or selling homes in Texas. You’ll see as with a to-do list of things to repair, what has to be upgraded, or type of expenses that we’re likely to incur.

If you take a quick look at our expenses list, you’ll realize that the mortgage is almost always at the very top. And that’s no coincidence, in case you were wondering. It’s there because we know it’s an expense that can tank the whole process, if we don’t watch it. the longer the house stays on the market, the faster the seller’s bank drains as they have to cater to an even larger mortgage.

  • Utilities

You cannot really turn off your utilities if you’re selling my house fast through a real estate agent. Doing so will only inconvenience you and your agent every time a prospective buyer shows up for a showing. Leaving them on is the only option you have, and that means spending more money to sell my house quickly in Houston Texas.

  • Taxes and Homeowners Premium Insurance

These two costs might not be at the forefront of your mind, but they sure do contribute to the long list of expenses waiting for seller looking to sell quickly in Houston Texas. One of the things that your agent will tell you is, you have to keep on paying the property’s insurance and taxes until the closing date. On top of that, you’ll be required to settle any repair costs that pop up after the property has been listed, because the insurances doesn’t take care of such.

Real Estate Cash Investors

The only way to avoid paying any holding costs is to work with a cash buyer, otherwise known as a real estate cash investor. Selling directly will not only save you a lot of money, but also time that you could have invested in repairs and the agent’s hiring process.

So what do you say? Are you ready to try out this awesome selling method? Just call We Buy Fast Houston Houses, and we’ll send one of our representatives with an offer.

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