Hesitating to sell your house in Edmonton can end up costing you a lot of money! Learn how much in our latest post!
Discover the hidden costs of holding onto a property that no longer serves you in Edmonton. Uncover the financial impact of delaying the sale of a home you no longer love or an investment property that underperforms. Don’t let thousands of dollars drain from your pocket each month on a property that doesn’t align with your goals. Continue reading to learn more about the expenses tied to procrastinating the sale of your property in Edmonton!
Your Mortgage
The average mortgage in Canada costs homeowners $1,900 dollars each month. Over the course of a few months, this can amount to tens of thousands of dollars you are spending for a house which may not be the right fit for you anymore. Why spend so much on a house when there are better opportunities out there?
Homeowners Insurance
Depending on your property and where you live, your insurance rate can range from several hundred to several thousand dollars per year. When you add this to all the other costs you face as a homeowner, you may be surprised at how high your bills really are.
Property Taxes
As a homeowner in Edmonton, you are responsible for the property taxes for the home up until the day of closing. Keep in mind, property taxes vary widely by state, but when you break it all down, you could be looking at a few hundred dollars each month. With a direct sale to YEG Home Buyers, your tax obligation could end in just a few days as opposed to months down the road.
Maintenance and Repairs
Uncover the hidden expenses behind those frequent visits to Home Depot that may be quietly draining your wallet every month. From routine repairs to cleaning and landscaping, these seemingly small costs can quickly accumulate. The true cost of upkeep and maintenance often catches homeowners off guard, revealing the substantial investment required to keep a property in top shape. Discover the eye-opening reality of homeownership expenses in Edmonton.
Utility Bills & Other Fees
Whether you are living in the house or not, you will still be facing utility costs each month. Electricity, water, gas will all need to stay on until the property is sold. This could mean doubling your utility bills if you are living somewhere else. In addition to utilities, many homeowners have to pay HOA fees or property management costs.
Opportunity Loss
Why wait any longer to let go of your unwanted property in Edmonton? By holding on, you might be missing out on your dream home or a more profitable investment opportunity. Listing your house in Edmonton could mean enduring a lengthy process that may drag on for months. Working with a real estate agent offers no assurance of a quick closing. Don’t be left waiting while your neighbor’s house sells swiftly – take action now!
Frustration, Stress, and Anger
What’s the point in letting a frustrating house stress you out? Sometimes we find ourselves in difficult situations just because we have become so used to them. Maybe the roof always leaks or the house doesn’t stay warm in the winter. The truth is, you don’t have to deal with it anymore. With a direct sale to YEG Home Buyers, you’ll be able to end all of your worries and frustrations regarding the property. You will be able to sell your house for a great price no matter what condition the house is in. You will immediately be able to end the stress, frustration, and anger so you can move on fast.
In summary, hesitating to sell your house in Edmonton can result in significant costs, especially if you don’t like the home or the investment property. Homeowners insurance rates can range from several hundred to several thousand dollars per year, adding to the high bills. Property taxes can be a significant expense, with a direct sale to YEG Home Buyers allowing you to end your tax obligation in a few days. Maintenance and repairs can add up quickly, and utility bills and other fees can also be high. Holding onto your unwanted property could lead to missed opportunities, as listing can take months and working with a real estate agent provides no guaranteed closing date. Lastly, a direct sale to YEG Home Buyers can end frustration, stress, and anger, allowing you to sell your house for a great price regardless of its condition.