Hesitating to sell your house in Greenville can end up costing you a lot of money! Learn how much in our latest post!
Many people don’t realize just how much their home is costing them. These costs are even more brutal if you don’t like the home you’re living or the investment property you own. Spending thousands on a house each month that isn’t right for you simply doesn’t make sense. Keep reading to explore just a few of the costs you are stuck with by hesitating to sell your house in Greenville!
Your Mortgage
The average mortgage in the USA costs homeowners $1,050 dollars each month. Over the course of several months, this can amount to thousands of dollars you are spending out of pocket just to continue with the purchase of a home that you may not be truly happy with. Why continue throwing your money at an unwanted property when you could be using it for something you truly love?
Insurance and HOA Fees
Depending on your property and where you live, your homeowner’s insurance rate can range from several hundred to several thousand dollars per year. This can happen with any warning! When you add this to all the other costs you face as a homeowner, you may be surprised at how high your bills really are.
Not to mention homeowner association (HOA) fees and assessments! Just because you pay your HOA fees doesn’t mean that everything that could go wrong is covered. If a roof needs to be repaired on your condo complex or The parking lot paved, they’re going to divide that cost between all of the HOA members and assess you! I lived in Willoughby Park here in Greenville NC and the entire complex needed a new roof. That was a $2,000 hit to my pocketbook! Ouch!
Property Taxes
As a homeowner, you are responsible for the property taxes for the home up until the day of closing. Keep in mind, property taxes vary widely by state, but you break it all down, you could be looking at a few hundred dollars each month. You can see all of your past and upcoming tax bills by going to Pitt County OPIS. Enter your street number and street name and click the large, blue parcel number when it loads your results. I created a 2-minute video showing you how to find your Pitt County NC property taxes.
Selling directly to Pitt Home Buyers means that your tax obligation could end in a few days instead of weeks or months down the road! You’ll choose the closing date and it can be in as little as two weeks!
Maintenance and Repairs
You may not realize what all those trips to Home Depot are costing you each month. Routine repairs, cleaning costs, and landscaping needs can all add up fast. The cost of repairs and regular maintenance is surprising to many homeowners, especially when they total everything up, seeing their costs in black and white.
Here in Greenville NC, we have hurricanes throughout the year, so trees falling and damage are very common. I spoke to a client yesterday who’d had a tree fall on his house. Not only did it hit his house, but it also broke a very large window. He never got the large window repaired because the insurance company didn’t give him enough money to cover the damages. Has that ever happened to you or someone you know? When you think about it, you might very surprised to learn how much you are spending to own your house in Greenville!
Utility Bills & Miscellaneous Fees
Whether you are living in the house or not, you will still be facing utility costs each month. Electricity, water, gas will all need to stay on until the property is sold. If you’re living in another house while yours is on the market, that means you’re doubling your expense! That’s not ideal! Add to that HOA fees, if applicable, or property management costs and you’ve got quite the hole in your pocket.
Opportunity Loss
This is the most detrimental loss of all. What are you missing out on by continuing to hold on to your unwanted property? Most people focus on money, but what’s more important is time. For every minute your equity is locked in the property, that’s a minute it’s not growing in a different investment. You could miss out on your dream home or an investment that provides a much better return. If you decide to list your house in Greenville, the process can take months. Working with a real estate agent provides no guaranteed closing date. That’s important to remember. Even if your neighbor’s house sold quickly, yours could be on the market for months.
Frustration, Stress, and Anger
What’s the point in letting the house stress you out? Sometimes we find ourselves in difficult situations just because we have become so used to them. Maybe the roof always leaks or the house doesn’t stay warm in the winter. The truth is, you don’t have to deal with it anymore. With a direct sale to Pitt Home Buyers, you’ll be able to end all of your worries and frustrations regarding your Greenville property. You will be able to sell your house for a great price no matter what condition the house is in. You will immediately be able to end the stress, frustration, and anger so you can move on fast.