penalty for specific situations. FHA, VA, and USDA loans never have a pre-payment penalty, but other non-government (or “conventional”) loans often do. This penalty can impact your bottom line, so it is important to know if you have a pre-payment penalty and what its terms are. Holding Costs = $ _________________ Holding costs are the expenses that you still incur while you wait for your house to sell. Most real estate experts suggest you will need to pay about 4-6 months of payments even after you have listed your house. Some of these costs include: • Monthly mortgage payments • Monthly taxes and insurance • Utility bills: electricity, water, gas, trash, etc. • Maintenance: lawn care or snow removal and the like • Pest control Research statistics from Realtor.com indicate that nationally, homes are on the market for an average of about 86 days. Looking at your area’s average days on market, or their “inventory age,” gives you a good idea of how long your house might stay on the market
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