Those are all good answers. But even the sellers who have equity are hesitant to sell for 3 reasons. They are not aware of the significant price increases all over the Denver area that could make this the best time for them to sell. They are not aware of the supply and demand issues that make it a quick and easy time for a seller to get a home sold often with multiple offers. Also, the sellers thought is "what if I do sell my home quickly and there is nothing out there for me". We will see what happens next as we get to spring. there are still buyers and sellers who have the old thought process of waiting to springtime to buy or sell.
Robert McGuire ASR
Your Castle Real Estate
Direct - 303-669-1246
My question is about #1 - why are sellers hesitant? Here it's in part because there's nothing for them to buy if they want to stay in the area. Others talk about holding on since they think they'll make more money in the future. But I'm not sure that explains it all. It's nuts - inventory is SO low.
The way to make a lot of money in real estate is to go against the flow - buy when others won't and sell when others aren't. Don't be a sheep!!