The Tenant Dilemma
You'll have to choose - do I keep the tenants in place and lose all the top $ first time homeowners? Or... do I risk kicking them out to get a higher price, but what if they refuse and stop paying? What if the house takes longer to sell and you no longer have rent coming in?
The Discount Trap
You list it and find a buyer! However, they ask you for a $5k discount... it's only $5k and not worth blowing up the deal, so you accept
The Inspector's Hit List
The inspector comes and does his job: Scaring the buyer to justify his fee. After the inspection, the buyers are spooked and threaten to back out unless you do the laundry list of repairs.
The Closing Day Surprise
It's the day of closing and you're ready for the big check! You expect to see $200,000 and notice after the realtors, repairs, holding costs, discount, and conveyance tax (1.5%-2%)... you're only getting $170,000...
The Capital Gains Blow
That's right... the dreaded Capital Gains, anything over $40,000 to 450K is taxed for 15%! And they're even talking about increasing them as we speak.
The Real Cost of Selling
When you add it all up...
You could lose $30,000 - $50,000+from hidden fees, repairs, taxes, and negotiations!
