It’s truly eye-opening when you examine the breakdown of holding costs associated with selling your house through a Lubbock real estate agent. Carrying the financial burden of a property you need to sell can quickly lead to serious money problems. Your home might be lingering on the market because your asking price is too high, ultimately causing you to lose more money over time. Or perhaps your property doesn’t align with neighboring homes or appears outdated to today’s buyers. These expenses multiply rapidly when your listing sits unsold, becoming less appealing to potential buyers with each passing day. Another common scenario is when your buyer’s financing falls through—which happens more frequently than most people realize. This situation becomes especially painful if you’ve already relocated, counting on that closing date.
Monthly Overhead
Those relentless utility bills represent just one portion of the mounting holding costs you’ll encounter when listing your house with a Lubbock real estate agent. While agents might quote average market timelines, they cannot guarantee when your specific property will sell. This uncertain waiting period can quickly evolve into serious financial pressure as your home remains on the market, with expenses continuing to accumulate each month. At Electrum Properties, we eliminate this uncertainty by offering fast, cash purchases that help homeowners escape these ongoing costs and get their freedom back.
Insurance
Homeowners insurance is an unavoidable expense in the total holding costs when selling your property through a Lubbock real estate agent. While it might be tempting to cut corners by eliminating insurance coverage, the potential risks make this a dangerous gamble, and many mortgage companies require it. You may even face additional private mortgage insurance payments if your remaining loan balance exceeds 80 percent of your home’s value. At Electrum Properties, we help homeowners avoid these ongoing costs with our fast cash purchasing process.
Taxes
Property taxes continue to accumulate relentlessly while your house sits unsold on the market. You can easily determine your monthly tax burden by simply dividing your annual tax bill. Although these taxes will be prorated at closing, they represent another significant ongoing expense in the total holding costs when selling through a Lubbock real estate agent. At Electrum Properties, we eliminate these ongoing costs with our fast, cash purchasing process – helping you get your financial freedom back sooner.
House Payments
Your mortgage payments won’t pause while waiting for a buyer—they’re a significant part of the holding costs when selling your house with a Lubbock real estate agent. Naturally, your lender expects your monthly payments to continue without interruption, regardless of your property’s status on the market.
Repairs
Repairs represent the never-ending reality of homeownership that must be included in the breakdown of holding costs when selling your house with a Lubbock real estate agent. As properties age, these repair costs can literally drown you in unexpected expenses that eat away at your potential profits.
Upkeep
Regular maintenance must be added to the breakdown of holding costs when selling your house with a Lubbock real estate agent. This upkeep can’t be neglected, especially when your home is listed and you need to attract buyers. If you’ve already relocated, you’ll face additional travel expenses or need to pay someone to monitor the property and maintain its appearance.
All these costs can accumulate to thousands of dollars while your house sits on the MLS. Why continue this financial drain? Sell to Electrum instead and get your freedom back! As cash home buyers specializing in solving real estate problems, we offer a fast, guaranteed closing date on properties in any condition. Imagine no more utility bills, homeowners insurance, property taxes, or mortgage payments. No more worrying about repairs or maintenance. We provide a win-win solution for homeowners and communities alike. Call 806-630-0875 today or send us a message to learn how we can help solve your real estate challenges!