We Buy Houses In Pleasanton California. When you are thinking about selling your Pleasanton house, be sure you know the costs to hold the property. Keeping the property might be costing you more than you think. So, as professional Pleasanton home buyers, we take a look at the most common holding costs homeowners face when trying to sell their homes in Pleasanton here in our latest post.
How To Calculate The Costs To Hold A Property In Pleasanton, CA?
Holding costs can quickly eat away at the sale price you will eventually receive for the home. As long as your house is on the market, there are several costs you will be responsible for. When selling your house to a private buyer who requires financing, the process of selling your Pleasanton house can take months, resulting in potentially thousands of dollars you will have to spend. However, when you sell your home directly to “John Buys Bay Area Houses”, the holding costs can be eliminated only a matter of days!
Mortgage Payments In Pleasanton
The most obvious expense is the monthly mortgage payment. If you own a home, you’re not happy with or pay a loan on an underperforming rental, and the hefty mortgage payment can be a lot to deal with each month. Your mortgage is undoubtedly at least a few hundred dollars a month. This is money you could be spending on a new property instead of the one that’s no longer working for you.
Utilities In California
Whether or not you live in the home while it is up for sale, you will need to make sure the utilities work for any potential buyer who may want to see the house. They will likely check out the light switches and the water pressure… things that can’t be done if you have turned off your utilities. Plus, you can’t show a home in the dark! Also, inspectors will need the utilities to do their job. While your bills might be lowered if you are no longer living in the home, you should still plan on paying a few hundred dollars each month to your bill.
Pleasanton Property Taxes
Depending on where you live, the taxes can add up fast. People living in states like New Jersey or California will see these costs eat away at their profits even quicker due to high property taxes, which must be paid. You are responsible for the taxes up until the closing date. When working with a traditional buyer, the closing can take months due to the lenders’ red-tape. When you are selling directly to “John Buys Bay Area Houses”, you will not only receive cash for houses in CA, but your financial obligations to the home can end in only a matter of days.
Homeowners Insurance In CA
Homeowners insurance is a necessary evil every homeowner is faced with. Depending on your home and policy, your insurance can help to eat away at your profits quickly. As long as you are listed as the owner, you will be responsible for the insurance costs. It would be best if you also kept in mind that insurance will be high for landlords instead of owner-occupied properties.
Pleasanton Home Maintenance
If you decide to list your Pleasanton house, your home will inevitably need maintenance work while it is listed on the MLS. A good rule of thumb is to set aside 1% of the property value for routine maintenance and minor repairs each year. This way you aren’t blindsided by unexpected costs while trying to sell your home. And remember, the faster you sell your house in Pleasanton, the less maintenance you will be responsible for.
California House Repairs
In addition to the regular repairs and maintenance you will likely face, there is always a chance a major repair will be needed while you are waiting for a buyer. Maybe the roof starts leaking, or the water heater blows. Things like this can be costly but should be fixed to attract more buyers. It would help if you always had an emergency fund set aside to deal with such expenses so you aren’t stuck with a damaged property while trying to sell it. When you sell directly to local homebuyers in CA, all expenses are covered. Repairs and all, we buy as-is.
California HOA Fees
If the property is located in a private community, you’ll be stuck with those homeowners association dues until you are no longer listed as the owner of the house. Depending on your community, HOA fees can be high, and some can change rapidly. Don’t forget to factor these costs in when it’s time to sell. Things like this can often be overlooked when trying to sell the property.
Sell My House In Pleasanton CA
As a homeowner in Pleasanton, who wants to sell, it important you keep all of your holding costs in mind. When they are all added up, the amount can be thousands. This can severely alter how much you are making on the sale. When you sell your house in CA, don’t forget to account for the holding costs. And don’t forget to find out how a direct sale of your property will benefit you!