It Really Is Difficult To Find Sellers

By
Real Estate Agent with Keller Williams Realty
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.

Posted by

Elite Home Sales Team

Instant MLS Listings & "Free" Market Analysis

Mark Paulson and Tim Lorenz

www.markandtim.com

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Topic:
Real Estate Market Trends
Location:
California Orange County San Clemente
Groups:
Southern California Real Estate Forum
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Tags:
market conditions

Comments 9 New Comment

Anonymous
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Rainmaker
636,942
Elite Home Sales Team
Tenacious and skilled real estate team
Keller Williams Realty

Yes Roy I think you are correct.

July 18, 2012 10:21 AM
Rainmaker
296,847
Peg Barcelo
The FlufftasticStager from Summerland, BC
Fluff My House! Home Staging Inc. 250.486.6369

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... =)

July 19, 2012 12:42 PM
Ambassador
1,449,259
Renée Burrows
Las Vegas Real Estate Broker - www.urLVhome.com
Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate

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.

July 19, 2012 04:44 PM
Rainmaker
636,942
Elite Home Sales Team
Tenacious and skilled real estate team
Keller Williams Realty

Peg thank you for the complement. 

July 19, 2012 08:59 PM
Rainmaker
636,942
Elite Home Sales Team
Tenacious and skilled real estate team
Keller Williams Realty

Lots of decisions do need to be made.

July 19, 2012 09:02 PM
Anonymous
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Rainmaker
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Elite Home Sales Team

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Additional Information

Over 40 Years Experience Representing Real Estate Investors and South Orange County Home Owners. We are Successful Real Estate Negotiators Networking to Deliver Results! www.markandtim.com