It Really Is Difficult To Find Sellers

By
Real Estate Agent with Keller Williams Realty BRE# 01922634
http://actvra.in/Fkp

It Really Is Difficult To Find Sellers

The difficulty is in the number of people capable of selling.  Many potential sellers are upside down (owe more on their home than the value of the home).  This occurred due to the ease of lending and the increased values that led to the mortgage meltdown. 

Now that we are seeing modest increases in home values the seller's are still upside down.  They do not suffer from hardship cannot refi,  maybe able to get loan modifications.  But in most cases they are inbetween.  That causes them difficulty in being able to move up or down and they have an asset with no value.

No matter what happens in the market they are stuck.  As prices rise more and more get out of the condition.  Pray for a hard up tic.

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California Orange County San Clemente
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Rainmaker
307,582
William True
True Sarasota Real Estate - Sarasota, FL
Sarasota Real Estate

Let's hope the prices keep rising so that sellers won't have to take such a loss! Wishing you a great day in real estate and more!

Jul 17, 2012 08:12 AM #1
Rainmaker
725,565
Elite Home Sales Team
Keller Williams Realty - San Clemente, CA
A Tenacious and Skilled Real Estate Team

Yes that is the way out higher price.  Much higher in our case.

Jul 17, 2012 11:30 AM #2
Rainmaker
882,611
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Yes Mark the answer is to have the market gain 25 to 35 percent and then we would see it explode off the map.

Jul 17, 2012 11:32 AM #3
Rainmaker
2,160,327
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Many prospective home sellers will have to wait for higher prices.  This is one of the factors that will drive prices higher as the inventory goes down.

Jul 18, 2012 08:53 AM #4
Rainmaker
725,565
Elite Home Sales Team
Keller Williams Realty - San Clemente, CA
A Tenacious and Skilled Real Estate Team

Yes Roy I think you are correct.

Jul 18, 2012 10:21 AM #5
Rainmaker
305,061
Peg Barcelo
Fluff My House! Home Staging Inc. 250.486.6369 - Summerland, BC
The FlufftasticStager from Summerland, BC

That must be such a hard place to be in. Luckily they have you to help them once they do decide to sell!

Could you put your name somewhere, either in your comments or in your by-line so people commenting can address you? If you don't mind doing that... =)

Jul 19, 2012 12:42 PM #6
Ambassador
1,478,405
Renée Burrows
Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate - Las Vegas, NV
Las Vegas Real Estate Broker - www.urLVhome.com

Ha!  I am one of those people that are "there".  It is difficult and with a few mental adjustments you just get prepared to "wait".  Or not.  Lots of decisions to make.

Jul 19, 2012 04:44 PM #7
Rainmaker
725,565
Elite Home Sales Team
Keller Williams Realty - San Clemente, CA
A Tenacious and Skilled Real Estate Team

Peg thank you for the complement. 

Jul 19, 2012 08:59 PM #8
Rainmaker
725,565
Elite Home Sales Team
Keller Williams Realty - San Clemente, CA
A Tenacious and Skilled Real Estate Team

Lots of decisions do need to be made.

Jul 19, 2012 09:02 PM #9
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Rainmaker
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