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 is holding you as well. Any dreams you may have may be canceled or deferred as Langston Hughes so eloquently put it, because of the expenses holding you.  It’s important to understand the true cost of ownership as time passes.  Your home is likely one of the largest investments you will ever make, and when it comes time to sell, there are many factors to take into consideration. You’ve likely invested even more for any necessary rehab and staging to list your home, only to find the ongoing costs involved in holding the property are killing you! 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!

Do you find yourself left holding a property that you have decided to sell? Your property is quite literally is holding you as well. Any dreams you may have may be canceled or deferred as Langston Hughes so eloquently put it, because of the expenses holding you.  It’s important to understand the true cost of ownership as time passes.  Your home is likely one of the largest investments you will ever make, and when it comes time to sell, there are many factors to take into consideration. You’ve likely invested even more for any necessary rehab and staging to list your home, only to find the ongoing costs involved in holding the property are killing you! 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!

End The Costs

Some people get excited when they hear about miraculous deals and expect the same to happen to them if they feel lucky, or they feel they did everything right. 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 or even years. The longer a home is on the market, realized prices may lower and the likelihood of additional repairs will need to be factored in.

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

What Owning A House Is Costing You

As time passes, the financial responsibility of keeping a home on the market can be distressing, devastating, or down right dispiriting. Costs involved include mortgage, insurance, and taxes. Any number of factors can influence the bottom line on these numbers. Of those, some include 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, upkeep, and maintenance are ongoing; most especially when your home is on the market and are of 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, life does not wait for us as much as we may want it to. Anything can happen that may offset the experience of selling your LA home. 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. In the event of a move, or distancing from the property, someone should regularly check on the property to catch any new issues, including theft by someone you’ve entrusted or maintenance issues such as leaks, circuit repair, appliance damage, etc. before they turn into even larger disasters. 

Vandals

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. Even homes with security systems or in good neighborhoods are at risk when it comes to these crimes. There is no way to ensure that someone won’t try something, but being prepared for the possibility is a better alternative to hoping it won’t happen to you.

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. 

All risks and inconveniences considered… with 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 (finally) of the financial responsibility and risks. We’re here to help!

Call [Team Douglas We Buy Houses Los Angeles] today at [323-417-4668] or send us a message to get a better understanding of your true cost of ownership! 

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