Hesitating to sell your house in Nashville TN 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. Plus the stress and aggravation from owning a home that is costing you thousands to maintain are simply not worth the burden on you and family. Having peace of mind is priceless. Keep reading to explore just a few of the costs you are stuck with by hesitating to sell your house in Nashville!
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?
Depending on your property and where you live, your insurance rate can range from several hundred to several thousand dollars per year. 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.
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. With a direct sale to Southern Homes Investments, your tax obligation could end in a few days as opposed to months down the road.
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. You might be very surprised to see how much you are really spending to own your house in Nashville.
How old are your HVAC system, roof, and water heater? HVACs built in the last 15 to years are designed for obsolescence in 12 to 14 years, and replacing one is about $6,000 to $8,000 on small to medium-sized houses. Water heaters are usually replaced every 10 to 12 years and are under $1,000. How old is your roof? On average roofs in Nashville last about 13 to 15 years even though it may be a thirty-year roof. Replacing a roof is the most expensive maintenance of a home with prices starting at $5,000 for very small houses.
Utility Bills & Other 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. This could mean doubling your utility bills if you are living somewhere else. In addition to utilities, many homeowners have to pay HOA fees or property management costs.
What are you missing out on by continuing to hold on to your unwanted property? You could miss out on your dream home or a more lucrative investment. If you decide to list your house in Nashville, the process can take months. Working with a real estate agent provides no guaranteed closing date. Even if your neighbor’s house sold quickly, yours could be on the market for months. (For a full view at all the costs of selling a home and the different ways of selling, please visit our article How to Sell Your Home Quickly.)
Frustration, Stress, and Emotions
What’s the point in letting frustrating house stress you out? Sometimes we find ourselves in difficult situations just because we have become so used to them. You know emotion has a lot to do with selling a home or even holding off on selling a home because of all the memories created here. Others may fear to move to a strange or unfamiliar area or home. They may be thinking can I make new neighbors, or will I be happy in the new home? Our article “How to Take the Emotion out of Selling Your House” might help you become focused and at ease in moving forward with your decision to sell.
Selling to a locally owned real estate investor like Southern Homes Investments, you’ll be able to end all of your worries and frustrations regarding the property. 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. You will be able to sell your house for a great price no matter what condition the house is in. There will be no real estate agents, no closing costs and no fees or commissions when you sell us. You will immediately be able to end the stress, frustration, anger while having peace of mind and a future without repairs and other expenses so you can move on and enjoy life.
Learn more about what hesitating to sell your house in Nashville is costing you, contact us today! 615-235-0216
If you would like to know more about Southern Homes Investments, please visit us online at SouthernHomesInvestments.com.
Disclaimer: David Wright is a licensed real estate agent in Tennessee and this article is not a solicitation to list your house.