Here’s a specific example of market activity on the street, and the important question – will sellers sell for what the market will bear?
Sellers Get A Vote
by Jim the Realtor | Aug 12, 2018 | Bubbleinfo TV, Jim's Take on the Market, Listing Agent Practices, Thinking of Buying?, Thinking of Selling? | 3 comments
How often does that happen to you that a seller decides to de-list after a month or two on the market? That seems like that can be a pretty huge expense on your end just to have a seller walk away.
Second time this year and yes, it is something I try to avoid.
The allure of renting and then selling for much more later is very attractive.
Not given as much consideration as they deserve: Property management, repair costs, vacancy, neighborhood changes, affordability/rates, tax changes, earthquakes and all the other stuff that could have an affect on pricing later.
The key is that they don’t have to sell. They have got ultra low rate mortgage, to enable them cash flow from renting, and hedge against future inflation. It’s never a clear decision rent vs sell but at this point sellers don’t have to take the price cut.
Prices are still cheap if you compare these with other countries (including Canada, Australia, China, Japan, Europe, etc.)