The Cost of Ownership: What Your California Property is Costing You

Do you have a property that you have decided to sell? You are literally being held hostage by your property. You may be unable to pursue your dreams due to the expenses involved. With time, it becomes increasingly important to understand the true cost of ownership. 

When it comes time to sell your home, there are many factors to consider, since it is likely one of the largest investments you will make. In addition to any rehab and staging you might have done, you’ve likely spent even more on any ongoing costs associated with holding a property.

In addition, you will need to deal with showing appointments, dealing with unqualified buyers and lowball offers, and even people who are just looking for ideas!

End The Costs

Many properties end up sitting on the market for months or years, even though you may hear about houses that sell within hours or even the same day they’re listed. Usually, the longer a home sits on the market, the lower the price that will be realized, as well as the likelihood of additional repairs.

We want to buy your property now, so why not save yourself from what could become a sinking ship of unexpected expenses and risks? When it comes to getting offers on your California property, we can help to put an end to the deafening silence.

What Owning A House Is Costing You

In the long run, keeping a home on the market can be devastating financially. Mortgage, insurance, and taxes are all involved. There are a number of variables that can affect these numbers, including variable interest rates, time of ownership, and market changes which can affect the equity you had hoped to realize on your California property. 

Maintenance, upkeep, and utilities are ongoing, especially when your home is on the market, and are of utmost importance to attract buyers. The same costs of ownership can also overwhelm you with unexpected expenses. Especially as homes age, this is true. 

Situations change. You may be forced to move prior to your home-selling due to a job change or some other unforeseen circumstance, leaving you with unanticipated ownership costs. In addition to covering all the costs of two properties, you will need to hire professionals to maintain your California property from a distance. As such, the property will need to be regularly monitored to prevent theft by someone you’ve entrusted or other problems such as leaks from becoming even larger disasters. 

Vandals

Leaving your California property empty can also make it a target for vandals and thieves, and is yet another possibility of what your California property may cost you if you decide to stay.

Financial markets, the housing market, the cost and risk of maintaining an empty home, as well as unexpected repairs or outright theft can all seriously deplete what you earned on your investment. You can clearly see the importance of time. The more time passes, the more cost you will incur. 

This guide on the cost of ownernship in California applies to all cities in California State including, Lodi, Modesto, Stockton, Sacramento, Turlock, Valley Springs, Salida, and Oakdale.

When you consider all of the risks, inconveniences, the costs of ownership, and what your California property is really costing you in the long run, it makes sense to let us purchase your property in California, relieving you of the financial responsibility and risks. We’re here to help! Call MCB Homes Inc. today at (209) 743-0602 or send us a message to get a better understanding of your true cost of ownership!

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