Have you considered how much your empty house in Chicago is truly costing you? The cost of an empty house in Chicago extends beyond just mortgage payments. There are hidden monthly expenses, insurance, taxes, and repairs that can quickly drain your finances. Before you know it, holding onto your property could become an unnecessary financial burden.
Selling a home can take time, especially in Chicago’s competitive real estate market. During this time, maintaining an empty house can be expensive. Between mortgage payments, utility bills, and insurance, you may spend more than anticipated. If you’re facing financial pressure or need to sell quickly, these costs can add up fast. Working with a direct buyer, like Heartland Funding Inc., can help you avoid these expenses with a guaranteed closing date, usually within weeks.
Monthly Expenses
Your empty house in Chicago isn’t just sitting there quietly; it’s actively costing you money every single month. From mortgage payments to utility bills, every extra day that your property stays on the market is a day your wallet is taking a hit. Real estate agents, while great at listing properties, cannot provide a specific closing date, meaning you could be left paying these expenses for several months. Each month that goes by with your house unsold puts a bigger dent in your profits, which is especially concerning if you’re already struggling to keep up with bills. By choosing to sell directly to Heartland Funding Inc., you could stop this financial drain altogether. With a guaranteed closing date—typically within weeks—you can avoid these ongoing costs and preserve more of your hard-earned profits.
Insurance and Taxes
Another factor in how much your empty house in Chicago is costing you is the ongoing need for homeowners insurance and property taxes. It’s crucial to keep your insurance in place while the property is listed, as accidents or damages can happen at any time. However, the longer your home remains on the market, the longer you’ll be paying these insurance premiums. Taxes are another unavoidable cost, with prorated amounts being deducted at closing. Depending on the remaining mortgage balance, you may also need to continue paying private mortgage insurance (PMI), adding to your expenses. The good news is that by selling directly to Heartland Funding Inc., you can avoid many of these ongoing payments, allowing you to close faster and save more on holding costs.
Repairs
If there are obvious signs of disrepair, your empty house in Chicago could be costing you more than you realize. Buyers are scrolling through listings at lightning speed, and homes needing significant repairs often get skipped over. If you can’t afford to make necessary repairs, it’s unlikely that your listing will attract many offers. And even if it does, the offers will likely be far below your home’s actual market value. The worst part? Starting repairs can open a can of worms, especially with older homes. Costs can quickly escalate as new problems are discovered. At Heartland Funding Inc., we buy homes as-is, which means you don’t have to worry about repair costs. Selling directly to us allows you to keep more money in your pocket and avoid the hassle of lengthy repairs.
Maintain
Maintaining your empty house in Chicago is another cost that homeowners often overlook. Whether you’ve moved to another city for work or personal reasons, maintaining two homes can get costly. You might be paying for regular travel back and forth to check on the property, or you may need to hire someone to watch over your home and ensure that everything stays in good condition. This includes keeping the lawn mowed and ensuring the exterior looks presentable for showings. These costs can add up quickly, and it may be stressful to manage both properties. Selling your empty house directly to Heartland Funding Inc. means you can avoid these ongoing maintenance expenses, and it offers a much quicker path to selling your property.
Consider Selling Directly to Heartland Funding Inc.
When you add up all of the holding costs, it becomes clear that selling your empty house in Chicago directly to Heartland Funding Inc. is a smart move. Not only will you avoid the monthly financial drain of utilities, insurance, taxes, and maintenance, but you’ll also save even more by eliminating the need for repairs or costly updates. Heartland Funding Inc. makes the selling process simple and transparent. We never charge commissions or closing costs, and our transactions are fully transparent—no hidden fees, no surprises. Every figure we use in our offer is shown to you, and we ensure that it reflects a fair market value for your property.
Call Heartland Funding Inc. at (800)-255-8250 to discuss how we can help you sell your home fast for cash.