Real Estate Seemed Like A Liquid Asset For A While There, But That Was Not Normal


Real Estate Seemed Like A Liquid Asset For A While There, But That Was Not Normal
By Scott Rogers • October 31, 2023
A liquid asset is an asset that can be easily converted into cash in a short amount of time. Is real estate a liquid asset? Nope. Did it feel like it was during 2020, 2021 and 2022? Yep. For a few years there, you could list your home for sale, it would almost certainly go under contract VERY quickly, with very favorable terms, with few contingencies, and would almost certainly get to closing. Real estate felt like a liquid asset. You could sell most any house and could "convert it into cash" within 30 to 45 days without much difficulty. But... we're not quite there any longer. Many houses -- but not all -- will still go under contract very quickly. We are starting to see many more inspection contingencies and/or appraisal contingencies. You may very well be able to convert your real estate (house) into cash within 30 to 45 days -- but you can't be as confident that it will definitely happen in very short order with very few speed bumps. And... that's normal. Real estate is not a liquid asset. It just felt like it was for a few years. Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 24, 2024 (unless otherwise noted).
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