Why Can't I Sell My House?

We talk to people every day that just can't seem to sell their house. There are many factors that have caused this slowdown. Let's break some of these down to find out when things will change:

1) Poor economy

Your guess is as good as mine about when things will turn around. We can be safe in saying that we are either in a recession or about to enter one though. Recessions typically last around 18 months.

2) Huge surplus of inventory/Declining home prices

These two factors are intertwined. There is no telling when this will be fixed. We all have witnessed one of the greatest housing bubbles of our lifetime. This was caused by the ease at which banks lent out money to homeowners who had no business in receiving it.

3) Financial Meltdown

Not only did the financial meltdown of real estate cause the crash of the bubble but its inability to get new qualified buyers money is prolonging it. Over the last several years it was too easy to get money to buy a home and not it is too hard.

So where does this leave us?

The law of price and terms tells us that as sellers of homes we either have to give up either on price or terms. This means that if we want our price we need to be flexible on the terms that we sell with to our buyer. If we want our terms we need to be flexible on the price of our home.

As investors we understand the law of price and terms with real estate and are willing to help get your house sold ASAP even in this terrible economy. Give us a call at (804) 565-9719 and we will be happy to come and see what we can do for you.