Did you know it costs a LOT to put & keep your house on the market with a real estate agent?! It’s helpful to get a handle on all the numbers by taking a realistic inventory of all the recurring expenses to hold your property while it’s on the market. Holding costs such as your mortgage, taxes, insurance, maintenance, or the costs to relocate before the sale of a primary residence, and more can add up very quickly when you watch the clock and wait for your house to sell. For example, if your costs to hold the property add up to $2,500 a month, and it takes three months to sell, your holding costs for the sale of your house were $7,500.
Depending on the condition of your property, especially those with older homes need to consider the high probability of covering unexpected repairs. Only by understanding your holding costs can you truly understand what your actual profit or loss from your sale; read on as we explore how to calculate your holding costs when selling your house in New England!
Mortgage, Taxes, and Insurance
While there’s no guaranteed closing date when you list a property for sale on the market in New England, an agent can provide you with the average days on the market for similar properties. You can start by adding up one of the most significant drains on your profits, typically your monthly payments for your mortgages, taxes, and insurance as a part of your holding costs when selling your house in New England, and multiply by the estimated time until closing. Professional investors like those at Dreamwood Home Solutions want to help you sell for the highest possible profit. The local professional investors at Dreamwood Home Solutions operate with total transparency. The professional investors at Dreamwood Home Solutions will provide a detailed comparison of what you could profit by listing vs. a direct sale so you can make the best decision for your situation, absolutely free of charge.
Utilities
Agents highly recommend leaving the utilities on during the listing. How else can you show a house without lights, heat, air conditioning, etc? It’s also standard practice to leave them on until after closing so that final inspections and walkthroughs can be thorough, so you must also add this amount to accurately calculate your holding costs when selling your house in New England. Professional investors like those at Dreamwood Home Solutions save sellers from carrying this extra load. The professional investors at Dreamwood Home Solutions save sellers even more because they never charge commissions! For real.
Maintenance
When you’re property is for sale on the tradiitional real estate market, it’s absolutely essential to keep the curb appeal at its peak, which requires sellers to keep up with maintenance work and expenses like lawn care, adding another cost to the calculations for your holding costs when selling your house in New England. By buying your house directly, professional investors like those at Dreamwood Home Solutions can help you eliminate your maintenance costs and all of the work and worry! In addition, the professional investors at Dreamwood Home Solutions save sellers even more by working with a full-service in-house team of industry specialists, including every pro necessary to get you to the closing table without paying any closing costs or hidden fees.
Travel
Suppose you need to travel to care for a property, perhaps it’s a rental far away or a home left after a probate process has completed. You may pay airfare, lodging or other transportation costs or a management fee for someone to care for the property if you cannot travel. In that case, this is yet another cost you’ll need to calculate for an accurate picture of your holding costs when selling your house in New England. It adds up! Professional investors like those at Dreamwood Home Solutions offer a guaranteed closing date, often in as little as a few days to a week. The professional investors at Dreamwood Home Solutions have the flexibility to allow you to select the calendar date for your closing if you’re not in a big hurry. You are in control, no waiiting around for a traditional closing which typically takes 6-8 weeks once a house is under contract.
Repairs
Unexpected repair costs are always possible and should be another factor in calculating your holding costs when selling your house in New England. While you may have prepped and made necessary repairs to put your house on the market and attain a fair price, a professional inspection will usually uncover hidden problems before the sale. Armed with this information, you can decide whether to invest the time and money in repairs or disclose the issues to potential buyers and address any resulting contingencies during negotiations. Typically, buyers have an unrealistic opinion of the expenses and demand completing the repairs or that the seller completes the repairs before closing. Professional investors like those at Dreamwood Home Solutions buy houses as-is and for cash! The professional investors at Dreamwood Home Solutions will take on the risks of making any repairs.
The professional investors at Dreamwood Home Solutions can help you calculate your holding costs when selling your house in New England without obligation. The professional investors at Dreamwood Home Solutions and the entire team work to make the process simple and easy for sellers. At Dreamwood Home Solutions, we want you to feel good about working with us long after closing and agree our offer was fair. Don’t forget to ask about our current investment property inventory at Dreamwood Home Solutions. Call Dreamwood Home Solutions at (401) 262-3109.
Dreamwood Home Solutions Is Here to Help!
We established Dreamwood Home Solutions because we want to help people! We know what it is like to work hard all your life for what you have.
We also know that sometimes unforeseen challenges arise, creating very difficult situations. We are deeply committed to serving our community and helping guide our clients through various distressed and/or urgent property situations such as divorce, foreclosure, inheritances, etc., at no cost and with complete confidentiality.
We are a local family, both were born and raised in Rhode Island and have always been passionate about serving others.
My fiancé Steve served our country in the Air Force for 25 years and has also been a Firefighter for over 10 years also in Rhode Island. He is a dad of three beautiful children; twin boys and a beautiful daughter.
I have worked in the Healthcare field for over 20 years in Warwick, Rhode Island. I am a mother of an amazing son who has blessed me with my first granddaughter.
We have always been family oriented and passionate about serving families in our community. We live here in New England and want to help build our community up for generations to come.
If you or someone you know may need help, we’re just a phone call away and will work with you/them with the utmost care & respect! (401) 262-3109