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Calculating Your Holding Costs: A Guide for Homeowners Who Are Selling A House As Is in Solano County

For those who are selling houses as is in Solano County, CA, we’ll cover the options you have available. Traditional listings for this type of property are not suggested as they don’t attract most buyers, take far too long, and are too costly for most owners of a distressed property.

Life can bring unexpected changes that leave you searching for solutions. Homes can fall into states of disrepair that are far beyond the owner’s capacity to handle. There could have been a death, divorce, illness, or job loss, leading to lost income or a forced relocation at play.

In this article, we’ll walk you through dealing with a distressed property. We Buy Houses in Solano County and we know how your situation is stressing you. If you are selling a house as is in Solano County CA, we can help you have a stress-free sale by buying your house from you! Let’s dive into some of the options to sell a distressed property in Solano County CA.


Price Drops

While difficult to calculate in advance, price drops are a part of holding costs when a listing isn’t moving, real estate agents often lower the asking price as a response. An agent can provide you with probabilities on the right listing price for homeowners selling a house as is in Solano County by comparing recent sales of similar homes on the market and how much you will pay in commissions. Unfortunately, when you list your home on the market or with a real estate agent, what they cannot provide you with is your closing date. Sadly, even without a price drop, the greater the number of days on the market, the final sales price is likely to be far below the current market value.

Utilities

Your utility bills can add up to a tidy sum, and while it may seem a logical step to save money if you’ve relocated before a sale, don’t cut the power to cut your holding costs. Not only will your real estate agent be less than pleased, but buyers also will not be able to “flip the switch” and may be turned off by this fact. Additionally, buyers may wonder if all of the systems will be in working order when the power is back on. Discovering issues, such as the heating and cooling systems during the inspection phase, can create turmoil, cause delays and possibly cost you the deal.

Maintenance and Repairs

Maintaining and repairs are holding costs that do not end until closing. Now, more than ever, you’ll want to keep the landscaping sharp and perform any minor maintenance that is required. When selling your property in Solano County, the last thing you want is for your home to appear abandoned. Not only could it affect the first impression of potential buyers, but it could also send a signal out to those with less than the best intentions that no one is watching the property. Complete any necessary repairs immediately; as you know, minor problems can quickly grow into significant issues. 

Mortgage, Taxes, and Insurance

The holding costs associated with carrying the mortgage, often bundled with your property taxes and insurance, can become highly burdensome as time passes, most especially if your circumstances have forced you to relocate before selling a house as is in Solano County. As a result, you may find yourself holding two properties and bearing the costs of travel between homes or hiring a caretaker for the property you have listed.

HOA

If located in a development with a homeowners association, don’t forget to add your monthly HOA fees when calculating your holding costs when selling your property in Solano County.

Improvement Loans

Don’t forget to add in any payments for your improvements when you calculate your holding costs. You’ve got to spend money to make money, or so they say. Suppose you’ve gone through the headaches of making repairs and find yourself further in debt in the hope of realizing a higher profit. Regrettably, for homeowners selling a house as is in Solano County, planning to pay off the loan quickly after the sale, you may find yourself making payments for much longer than planned. 

Why risk the devastating effects of holding costs when you can sell faster to a direct buyer from Sell Quick California?

With the power of cash, holding costs get wiped off of the closing table. There will be no need to make further deductions from our offer as you may find yourself doing with a listing; we charge no fees, there’s no need to prep or make repairs because we buy homes as-is, this means the offer from Sell Quick California is what you receive at closing. Sell Quick California can provide you with a guaranteed closing date, often in a matter of days or a few weeks. In addition, if you haven’t relocated yet and need a little more time, Sell Quick California doesn’t need to move in when you leave, so our direct buyers have the flexibility to close on a date that works for your move to your new home. The direct buyers at Sell Quick California are straightforward so that you can compare which method of home sales is best for your circumstances and will fully detail what you would earn on the deal through a traditional listing or by selling your property in Solano County to Sell Quick California. Call Sell Quick California at 1-866-497-8248 or send us a message to learn more.

Interested in more great articles, read this one about How to Sell Investment Property Without a Real Estate Agent in Napa County.

Sell My House In Solano County CA To An Investor

No matter which option you choose, make educated decisions by taking the time to understand all of your options. We’re here to assist you with your current situation. We are Solano County home buyers and we can buy your house from you. This means that you can sell your house in Solano County directly to us no matter your situation.

When working with Sell Quick California, you don’t have to worry about fees and commissions! You can get a cash offer in just a few days as we offer cash for houses in Solano County CA.

Call Sell Quick California today at 1-866-497-8248 or send us a message to discuss selling your commercial property to a Solano County Investor. We can go over your property and let you know its market value and get you on your way to selling your property.

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