The Cost of Ownership: What Your Los Angeles Property Is Really Costing You

Do you find yourself left holding a property that you have decided to sell? Your property is quite literally holding you down, as well. The expenses of holding a home can prevent you from moving forward with your needs and your future plans. Never has there been a more important time to understand the true cost of homeownership.  Your home is likely one of the largest investments you will make, and so when it comes time to sell, there are many factors that you need to take into consideration. You’ve likely invested even more for the necessary remodeling and staging to list your home, only to find the ongoing costs involved in holding the property are really adding up! Not to mention the hassle of living around showing appointments and having your time wasted by unqualified buyers, low ball offers, and people just looking to get ideas for their own home. None of this in fun, especially when it goes on for a long period of time.

End The Costs

While you may hear about miraculous deals where a house was listed and sold within hours or even the same day, many properties end up sitting on the market for months and end up selling for less, even falling out of escrow once or twice due to the buyers being unable to obtain a loan. The longer a home is on the market, the lower the price that is usually realized and the likelihood that additional repairs will be needed.

Why not sell to us now and save yourself from what can become a sinking ship of unexpected risks and expenses? We can help to end the deafening sound of silence when it comes to getting offers on your Los Angeles property.

What Owning A House Is Costing You

The financial responsibility of keeping a home on the market can be devastating as time passes. Costs involved include mortgage, insurance, and taxes. A great number of factors can influence the bottom line on these numbers, including variable interest rates, time of ownership, and market changes which can affect the equity you had hoped to realize on your Los Angeles property. 

Utilities and maintenance are ongoing; most especially when your home is on the market and is of the utmost importance to attract buyers. These same costs of ownership can also drown you in unexpected expenses. This is especially true as homes age. 

Circumstances change. A new job or some unforeseen opportunity may force you to move prior to your home selling, leaving you to cover unexpected costs of ownership. You’ll need to hire professionals to maintain your Los Angeles property from a distance, in addition to covering all of the costs of two properties. Someone should regularly check on the property in this event to catch any new issues, including theft by someone you’ve entrusted or maintenance issues such as leaks, etc. before they turn into even larger disasters. 

Vandalism

The fact that your home is sitting empty can also make it an attractive target to vandals and thieves and is yet another possibility of costs you may incur based on your decision to sit on your Los Angeles property as well, contributing to what your Los Angeles property could really cost.

Considering all of the variables in the financial markets, the housing market, the costs and risks of maintaining an empty home and life changes that can contribute to the bottom line, these factors can severely deplete what you earn on your investment, let alone unexpected repairs or outright theft or vandalism. It’s clear to see that time truly is of the essence. You can be sure time passing equals more costs to you. 

When you consider all of the risks, issues, the costs of ownership, and what your Los Angeles property is really costing you in the long run, it makes sense to let us purchase your property in Los Angeles, relieving you of the financial responsibility and risks. We’re here to help!

Call Jennifer Buys Houses today at (424) 242-9304 or send us a message to get a better understanding of your true cost of ownership! 

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