Knowing Your Holding Cost in Stockton Can Save You a lot of Money

May 26, 2016

When Selling Your House, knowing Your Holding Cost in Stockton Can Save You a lot of Money!

Know your Holding cost — When you consider that 40% OF REAL ESTATE LISTINGS EXPIRE before a sale, the longer your House in Sacramento, Stockton, Manteca and Modesto takes to sell the higher your holding cost. Sell Your house fast for Cash

If you are planning on selling your home in Stockton, Sacramento, Manteca or Modesto, CA. the most important thing you can do is to get to know your local market so that you can properly price your house for a quick sale. You should also become familiar with the average number of days it takes to sell a house and account for that as well.

The dirty little secret in the Stockton real estate market is that 40% of all houses listed for sale with a real estate agent end up as expired listings. They are NOT Sold!!! You read that right… for very 100 houses that sell there are another 40 that were represented by a real estate agent that did not sell at all. Imagine the vast graveyard for those houses and homeowners that failed to sell their house the first time around. To make matter worse the average listing agreement is for 6 months or 180 days.

The number one mistake any seller can make is to price the house so high that it just sits on the market making buyers wonder what is wrong with the house. In the mean time it’s costing the seller thousands of dollars until it sells. These cost are known as your holding costs.

Real estate agents love to boast that on average if you hire a real estate agent you are going to get more for your house than if you sell it on your own. I would generally agree, but there are many scenarios in which this is just not true, and its because many real estate agents that will say and do anything to secure a listing which includes misleading a customer into believing that their house is worth more than it actually is. This is known in the industry as “buying a listing”.

Real estate is not a one size fits all business and because not all neighborhoods and houses are the same, it is incumbent upon the professionals that you hire to know what home values are today, within 1/4 mile of your house based on actual sales of houses within the past 30 to 90 days. These are called comparable sales and every real estate agent has access to them within the Multiple Listing Service (MLS) and their use in determining the listing price and of course anticipated sales price of any house. Of course there are other factors and they include;

Location
Age and Condition of the house
Competition (other houses on the market)
Layout
Upgrades
Lot Size
School Districts

Certainly the goal of any homeowner is to get the most money out of the house that is possible, but that can also come at a cost that is hidden from most sellers. Knowing the value of your house is important but you must also be realistic about the average time frames involved in selling a house as well and that is where holding cost come into play.

For all of the chest pounding by the National Association of Realtors about the advantages of hiring a real estate agent to sell a house, someone forgot to mention that over 40% of all real estate listings by real estate agents expire without being sold within the initial listing period. The fact is that real estate agents should be disclosing that number to their house seller prospects in advance of signing any listing agreement. That is a huge number and it might just have an impact on a homeowners holding cost.

So What Are Your Real Estate Holding Cost in Stockton?

We Buy Houses Sacramento — Time is Money! Sell your House in Sacramento, Stockton, Modesto or Manteca, CA call Westbrook REI (209)481-7780

Holding cost are simply the amount of money that the seller spends from the day it is listed on the market to the day that it finally sells. Theses cost include repairs and updates that you are encouraged to make prior to the sale, mortgage payments, home owners insurance, property taxes, utilities, maintenance, closing cost (from the title company), cost of inspections and repairs, the concessions to the buyer or credits for and reimbursement for closing cost and finally the commission paid to the real estate agent.

Every real estate agent that I know sits down with their clients and creates a net sheet that details what the seller can expect to receive if the house is sold from the anticipated sales price. The problem begins when the agent uses an inflated list price to determine that net sales analysis and then fails to include the holding cost in those calculations for any of the sales price scenarios.

I am writing this article because we have bought several houses after real estate agents have failed to do their job in advising their clients how to properly price a house for a fast sale and in the end have cost their clients thousands of dollars. I see this most commonly when the listing expires or in distressed sales and the homeowners that still needs to sell are left to fend for themselves. In 99.9% of those cases the seller would have been better off just calling a We Buy Houses Company and sold the house at fair market value from the beginning.

My name is Peter Westbrook and I am a cash house buyer located in Stockton, Sacramento, Manteca and Modesto CA and We Buy Houses in Stockton. Over the past 10 years I have purchased hundreds of homes, many from real estate agents that ran out of time and needed to bring a cash buyer to the table before their listing expired. The listing agent in many cases squandered the 6 month listing period and I was called at the last minute to “save” the sale. I purchased the home and the seller paid both sides of the 6% commission to the real estate agent and they could have called me directly.

The real estate code of ethics is not what it used to be.

The real shame is that most homeowners needing to sell their houses will generally sign a listing agreement with the first real estate agent that they talk to. Whether its the flash of the canned presentation, the million dollar Logo, or the promise for a fast sale at the highest price, sellers take less time determining who will list their house than they spend shopping for a car.

Time is money and in the real world it is your money that is being spent. When you interview agents, demand that your holding cost are factored in. Better yet interview two or three real estate agents and call a couple of We Buy Houses companies for comparison. You may be pleasantly surprised that you can actually put more money in your pocket, save commissions and closing cost and yes… save your holding cost because we can close in less that 21 days.

When you get ready to sell your house, make a list of all your monthly expenses… add them up and then when you look at your net sheet presented to you by anyone, you’ll know just how much you will receive if your house takes 3 to 6 months to sell.

Buy My House Fast Stockton, Sacramento, Manteca and Modesto CA — We Buy Houses Stockton, We Pay Cash and we close fast. Limit your Holding Cost in Stockton. Call us at (209)481-7780.

At “Westbrook REI“, we are the best at what we do because we work at it every day. We understand that a commitment to our customer and a commitment to our business only happens with hard work. We have years of experience and a plan that we follow. We are a real company with real people that are committed to helping you achieve your goals.

When we make a commitment to buy your house decide on a closing date, we pay the closing cost, there are no commissions and you wont have holding Cost. Call me at (209)481-7780 for a cash offer on your home today and I will talk to you personally.

We Buy Houses Stockton, The Man Behind the Sign

I Buy Houses Stockton Introduction (209) 481-7780 We buy Houses Stockton

My name is Peter Westbrook and I am a local real estate investor and the owner of We Buy Houses Stockton and Westbrook Real Estate Investments in Stockton, California. I am NOT a Real Estate Agent or Broker and for good reason. I purchase real estate and I am NOT going to ask you to pay a commission or a fee.…I pay CASH and because I do, I can close on the day that I tell you.

For those of you that already know me or have already called me you can attest that I answer my own phone and I return all phone calls. When you call me at 209-481-7780 you are calling me on the same number that my mother and my closest friends call me at.

Get Your Fair Cash Offer: Start Below!

We WILL BUY YOUR HOUSE in ANY CONDITION! We pay CASH and you will NOT pay any commissions or fees. Fill in your information below and get an all CASH offer for your House Fast!

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What Customers Say

The City of Stockton was getting ready to tear down my old house. I was no longer able to maintain the Stockton House and after years of trying to keep up with code violations, needed repairs and vandalism, I finally called Peter

Westbrook. He came right out and told me what he could do. He contacted the city and county and even cleaned up the property before he bought it. He paid the back taxes for me and gave me an advance on the purchase of the house. Without his help I would have lost everything. I called real estate agents and other investors but no one wanted to help and no one offered to pay as much as Peter Westbrook. He completely remodeled the house and I smile every time I go by. Thank you Peter.

Leonard S

We inherited our parents house with one of our brothers living there . The property taxes had not been paid and it was in Tax default. We called Peter Westbrook and he found that the title was still in our parents name, so the Stockton House never went through probate. Peter also found that there was an old auto loan that had a lien on the

title and an old bankruptcy ruling to take care of that lien had never been filed with the courts. Peter handled everything including paying the back taxes, paying for the hiring a Probate Attorney and filing the probate and paying for and hiring a Bankruptcy Attorney to finalize the removal of the lien. He was patient, understanding and he took care of everything including evicting the tenants that were living in the house. We talked to real estate agents and other I buy house people. None of them had the answers for our situation. Without peter we would have lost everything. We got paid cash.

Steve H

We inherited my parents Stockton house with a mortgage. We decided to rent it out. The tenants destroyed the house. I didn’t know what to do, I didn’t have the money to fix it and the city had already issued code violations.. I called an “I Buy Houses Stockton Sign” on a telephone pole and Peter Westbrook answered. In 4 days he paid the bank and bought my house. We would have lost everything if it weren’t for Peter Westbrook.

Mike B

I inherited my mothers house with a mortgage. When my husband and I lost our jobs, we got behind in payments. Then the Bank posted a default with a auction date we didn’t know what to do.

We didn’t have the $15,000.00 and we only had two weeks to do something. We called Peter Westbrook and form the beginning he was confident he could stop the bank. Within 4 days he bought the house with cash, paid off the bank and stopped the Foreclosure. Without Peter we would have lost everything.

Brenda T

I saw a sign on a telephone pole and against my better judgement I called. The last thing I expected was a person answering the phone. I was surprised, Peter Westbrook answered the phone. I had a lot of questions and Peter had the right answers. My mother needed to get as much as possible out of the house and we had talked to several real estate agents and they all wanted to sell it cheap and wanted a 6% commission. They all told us unless we put thousands of dollars into it could not be sold for what we wanted. Not Peter. He made a fair cash offer and since then we have sold him another house. Peter and the title company handled everything. I couldn’t be happier and I would recommend Peter Westbrook to anyone.

Cathy W

I needed to sell my Stockton House. I called a phone number I saw on a sign and talked to Peter Westbrook. The City of Stockton said that they were going to take away my vacant Stockton house, knock it down and send me the

bill to do it. I did everything that I could to try to make them happy. A neighbor offered to buy the house and then Peter offered me twice as much. He did everything he said he would do and I just had to go to the Title Company and sign the papers. He did all of the work and now the City of Stockton is his problem. Thank you Peter.

Ann C

I inherited my Fathers Stockton house. The front porch was falling in, the walls had holes from being vacant and vandalized. The City of Stockton fined us, red tagged the property and forced us to put on a new roof so we had to get loans and we still couldn’t rent it out.

I called one of those “I Buy Houses” signs and Peter Westbrook came out and made a cash offer. The House closed escrow and we got our money for a house we though was worthless. Thanks Peter!”

Broderick R.

“Our Grandfather passed away and my brother, sister and I inherited his Stockton house. He was a junkman and hoarder. He was also 90 years old and had not made a repair to the house in years. He had garage sales almost every day. The house and the yard were full of junk. We tried to get everything out so we could just see the house. We had family and friends come over on the weekends but the cost and effort was consuming all of our time.The house was a mess.

I called Peter Westbrook and he made us a cash offer for the house and he said he would take care of all of the clean up. Thank God I called. The City had issued code violations and fines on the property and even before we closed escrow Peter and his crew had the house and yard cleaned (4 large Dumpsters later) . I recommend Peter Westbrook to anyone that has a problem house. They were fast and professional”

Connie J.

“I had tried to sell my Mothers Stockton house for two years. Realtor’s told me to tear it down. I didn’t have the money for that and my Brother and his family were living there. Peter Westbrook made me a cash offer and closed escrow with my brother still in the house. Peter Westbrook is my savior. I don’t have to worry about the house any more. If you have a Stockton house that has become a burden and you don’t have the money to fix it to sell it, call Peter Westbrook.”

Rosemary R.

When Selling Your House, knowing Your Holding Cost in Stockton Can Save You a lot of Money!

So What Are Your Real Estate Holding Cost in Stockton?

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