Holding Costs – How Much Does Owning A Home Cost?

Do you have an idea of how much your holding costs are? People are often surprised when they see all the holding costs add up and realize just what percentage of their income goes towards paying for this unwanted property.

At SellThatHome, we buy houses. If you need to sell your house fast and would like a cash offer for it that is guaranteed without any mortgage requirements or interference from banks then give us call today!

Holding costs are expensive! So when cash buyers flip houses, the goal is to sell them as quickly as possible. Do you have a house that needs to be sold? SellThatHome can help! With our real estate experience, the process will go more quickly and smoothly. Selling with a Realtor on the MLS will only add to your costs with expenses such as these.

Water & Electric

Even if you aren’t living in the house any longer, it’s a good idea to keep your lights on – at least until the day the property is no longer in your name. It can be frustrating to go through the process of downsizing your home only for it not get sold. It’s hard enough living in an oversized house, but when you’re spending more than what is reasonable on bills just because there are no buyers around – that can be exhausting. If your home utility bills are averaging over a couple hundred dollars each month, then you could be looking at thousands of dollars in future expenses.

Property Taxes

Your tax obligation doesn’t end until your house has sold. Depending on where you live, this could cost thousands of dollars for property taxes just while waiting for a buyer to show up. If you are interested in a quick cash sale, your tax obligation will end immediately.


Think of all the last-minute things you think of going to the Home Depot for…light bulbs, gas for the lawnmower and new a/c filters. These things add up quicker than you may think. There is nothing more frustrating than when a needed repair pops up while the property is listed or as a result of your inspection. You are already at point where you no longer wish to own this house, so having go through all that hassle again just for money can be incredibly aggravating! You may find that waiting for a traditional sale isn’t worth it when there are so many other ways to get the things you need.

Landscaping & Cleaning

When you list your house, curb appeal is incredibly important. Whether it’s done yourself or with professional help; making sure the landscaping looks good will cost time and money!

You want to make sure that the house is always clean and well maintained. You should be prepared for a last minute showing at all times, so it’s important to keep up on regular cleaning.

HOA Fees

If you own a home in the development or private community, then your HOA costs must be taken care of until the home closes and your name is removed from the deed.

If you’re looking for an easy way to sell your house, and skip all the holding costs then we can help. SellThatHome are local homebuyers and will offer a quick cash-bid on your property with the ability close in your timeframe! We pay cash for houses, and all surrounding areas! Fill out our online form, or call today!

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