It took us from Aug to Jan to sell our old house.
We could have sold it right away to an investor, who, when we finally saw the contract and could research them, was the 2nd largest single family landlord in the country. they never went above asking price, but did increase their offer twice to close to asking price.
There were 3 other offers from investors that we also turned down. We wanted to sell to regular folks and we did.
there was a rental house down the block from that house - rent was over twice what our mortgage payment was. CRAZY!
I believe it was Steve Cortez on the War Room that predicted housing prices would not collapse with the higher interest rates. So far he has been right. If he stays right that means housing prices will just continue to go up, up, up in cost. The average home mortgage payment for a typical sale in February 2023 is much higher than 12 months ago. And rents will just keep moving higher too I suppose.
I am constantly getting phone calls —actual live persons—and mail contacts begging me to sell my rural N Nevada Property. Another one yesterday with Calif address & NEVADA AREA CODE.
I actually do NOT think they even know where my property is.
I finally led the last caller along-—acted like I might be interested-—
He asked how much I would sell for-—
I told him “$30 million all in cash all in one payment”.
Silence for about 4 seconds-—then he hung up.