Sellers Get A Vote

by | Aug 12, 2018 | Bubbleinfo TV, Jim's Take on the Market, Listing Agent Practices, Thinking of Buying?, Thinking of Selling? | 3 comments

Here’s a specific example of market activity on the street, and the important question – will sellers sell for what the market will bear?

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
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3 Comments

  1. Ron
    Ron on August 13, 2018 at 10:42 am

    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.

  2. Jim the Realtor
    Jim the Realtor on August 13, 2018 at 10:55 am

    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.

  3. Name
    Name on August 13, 2018 at 1:25 pm

    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.)

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