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: OK, False Alarm, Most Homes Are Still Selling Very Quickly How Quickly Are Homes Selling These Days? Middleburg at Stone Spring, To Include Up To 500 Apartments, Proposed Adjacent To The Reserve At Stoneport A Rough Two Years For Rising Mortgage Interest Rates Home Buying Activity Will Slow But Not Stop Over The Winter Demand Is Likely To Keep On Rising For Contractors And Home Renovators Update On City Of Harrisonburg Townhouse Market Trying To Buy A Home... A Story Of Being All In, Then Bowing Out, And Now Being Ready To Jump In Again Sometimes Upgrade Your Home (Selling And Buying) Results In An Even Larger Upgrade In Your Monthly Payment Despite Fewer And Fewer Home Sales, There Are Plenty Of Reasons Why Buyers Will Still Buy And Sellers Will Still 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 Dec 11, 2023 (unless otherwise noted).
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