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|Subject: Re: Real Estate investing a smart move||Date: 3/23/2011 2:28 PM|
|Author: StockGoddess||Number: 68693 of 82253|
Then I suspect she does not want to sell (perhaps because she does not want to recognize the reality of the marketplace).
Unless the house is on or adjacent to an environmentally contaminated site there is probably a price for which the house would sell to someone. Seven years is more than enough time to conclude a sale if the Seller truly wants to sell.
It's a little more complicated than that.
Mom lives in a 100 year old farmhouse on 4.5 acres in the boonies...well, it USED to be in the boonies. Till they started building office buildings on both sides of it.
So now it's not a 50K residence, it's a 900K piece of commercial property.
Except the economy crashed and nobody wants to build more office buildings...and she sure as h*ll isn't going to take 50K for something that's easily worth 18x that much, given what her neighbors got for their land.
So she sits...and waits....
My point was this - stocks may rise or fall but they are NOT hard to liquidate.
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