So you have listed your home for sale on the market and already spending the profits in your imagination. The question is, have you taken into account all of the possible funds you’ll need on hand before the house ever sells? Moreover the potential amount the time on the market could cost? It can be expensive to hold your property during the listing process. If you’re in a hurry to sell for personal or financial reasons, the wait can be excruciating. If you’re already struggling with your bills, spending money to prepare for showings by touching up the paint and updating your decor, staging the home, and marketing expenses may be out of reach. Today’s standards for online listings include hiring professionals for drone footage and high-quality digital photography.
There are many reasons homes may spend an extremely long time on the market. Perhaps the buyer’s financing fell through, the house is in a distressed condition, the price is too high, the property is out of step with the type of property buyers are searching for, or it doesn’t conform with the surrounding properties and stands out like a sore thumb. No matter what the reasoning is behind it, you are stuck, week after week, trying to figure out why my house isn’t selling in Little Rock. So read on as we explore how much your empty house in Little Rock is really costing you.
In addition to your mortgage payments, your empty house in Little Rock is also costing you in utilities each month, and your agent wouldn’t appreciate it if they couldn’t turn on the lights during a showing. Unfortunately, when you list with a real estate agent, the one thing they can’t provide is a closing date, so these charges could continue for several months, putting a big dent in your profits. By selling directly to Clear Property Management LLC instead of listing, you can stop the slow leak of funds for continual monthly utilities; we offer guaranteed closing dates, usually within weeks.
Insurance and Taxes
Ongoing taxes and insurance are another way your empty house in Little Rock is really costing you. The taxes owed will be prorated and taken out at closing; you can calculate this amount by dividing the total annual bill. Don’t forget, you will need to keep your homeowner’s insurance in place during the listing duration. Another expense. Depending on the amount still owed on an existing mortgage, 80 percent or more, you will need to add PIP private mortgage insurance to your tally of holding costs. Great. Working with a direct buyer from Clear Property Management LLC is another option that will allow you to pay your taxes off and end the ceaseless insurance payments by working with a direct buyer from Clear Property Management LLC.
If there are obvious signs of disrepair, your empty house in Little Rock is really costing you more than you could imagine. Buyers are scrolling by listings at lightning speed, and you need to catch their attention with your marketing. If you can’t afford to make necessary repairs and the home’s condition is evident in your listing photos, you aren’t likely to get many offers. In this case, any offers you receive are very likely to be far below your home’s actual market value. When it comes to starting repairs on the house, especially if it is an older home, it can be highly stressful and become very costly because you never know just what you may discover as you dig deeper into the project. At Clear Property Management LLC, we’re ready to buy your home for cash in as-is condition, no touch-up paint needed. Let the direct buyers from Clear Property Management LLC relieve you of the risks of making repairs on your property and allow you to keep more of your money in your wallet.
Maintaining your empty house in Little Rock is another often overlooked expense. If you made a long-distance move for work or personal reasons, you might be paying to travel between residences, which is costly and stressful. Alternatively, you may be paying to have your property watched over, with regular checks for signs of trouble and care for your landscaping.
When you add up the holding costs, it makes sense to sell your empty house in Little Rock directly to Clear Property Management LLC and keep more of your profits. You’ll save even more by working with the direct buyers at Clear Property Management LLC, we never charge commissions, and you won’t pay any closing costs. Guaranteed. In addition, our transactions at Clear Property Management LLC are straightforward and fully transparent; there are never any hidden fees. We show every figure used in our offer and how we got to the true offer price that you received, which you’ll agree is a fair market value. The direct buyers at Clear Property Management LLC won’t pressure you as we are proud of our work helping our community and neighbors here in Little Rock. Our goal is for you to feel good about the deal long after closing. That is our mission as well as our promise to you. Call Clear Property Management LLC at 501-733-9373.