Obtaining Mortgage LoansYou’re selling your house to pay off your mortgage and move. Don’t forget to calculate the expenses that are necessary to keep the house up and ready to show while it is listed.

Hurst Texas – Cash House Buyers: Something not too well known, or at least considered, is that when a seller puts their house on the market they expect to make money but often end up paying out money instead. How does this happen? The concept that you are selling something so valuable gives the first impression that it will make a handy profit. The current market hasn’t been particularly kind to those selling their homes as values drop continually month after month.

Something not too well known, or at least considered, is that when a seller puts their house on the market they expect to make money but often end up paying out money instead. How does this happen? The concept that you are selling something so valuable gives the first impression that it will make a handy profit. 

The dropping home value is the most obvious drain on the profit, but there are other expensive drains on a house seller as well. This is especially true of those who are no longer living in the home they are selling. The cost of keeping up a house that has no inhabitants is not free, by any stretch of the imagination. Depending on the climate, time of year, and the type of neighborhood the house is in, you could run into many expenses that aren’t tied to the actual listing and sale of the house, but are necessary to keep the house in a condition that shows well and is free of vandalism, theft, and climate driven discomfort.

In other words, your house for sale must be kept cool in the summer months, and warm in the winter when it’s chilly outside. The yard must be looking great at all times in case someone drives by and sees the ‘for sale’ sign. If it’s in an area where teens or other vagrants might be tempted to break in and help themselves, you might even need to install security cameras or an alarm system. Another option is to have someone go over and check on the property regularly at a frequency that would discourage such activity.

  • In other words, your house for sale must be kept cool in the summer months, and warm in the winter when it’s chilly outside. 
  • The yard must be looking great at all times in case someone drives by and sees the ‘for sale’ sign.
  • For example, a selling price of $300k must be calculated according to how many months the house was on the market before it sold. If it cost you $1200 per month to keep the house on the market and it was listed for a year, the actual price received would be more like $286k after expenses.

These are just some of the unforeseen expenses that may eat into your profits when you sell the house. You may also be paying the mortgage, taxes, and insurance on that house while still trying to keep up your living expenses in your new home. That’s why for every month your house is on the market, your profit margin goes down. For example, a selling price of $300k must be calculated according to how many months the house was on the market before it sold. If it cost you $1200 per month to keep the house on the market and it was listed for a year, the actual price received would be more like $286k after expenses.

Cash House Buyers USA focuses on helping home owners in difficult situations to sell homes quickly. Cash House Buyers USA is a wholesale home buying company based in North Texas. Our home buying services are client-focused to help every homeowner sell their home on their timeline and are ideal for people who need to sell their home fast, cannot afford a realtor, or want to sell their house without making costly repairs.