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Andra Fleming (Keller Williams Central)

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Rainmaker
4,631,049
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Andra - in our area, I believe the primary reasons inventory is lean is due to the lack of move-up homes coming on the market.  It used to be buyers would buy a condo/townhome or smaller home and then move up -- we're not seeing as much of that as existed in the past due to the lack of inventory.  There are some of the issues facing those who would like to "right-size" from larger homes.  Strange, I know.

Whatever, the reason, we need to keep asking the right questions to the people who want to sell or buy and keeping the pipeline flowing.  Stuff happens and we have to be ready when that contact is ready and to make sure we the the agent they choose.  

Mar 19, 2015 01:51 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Uncertainty at multiple levels.

Coming changes putting the banks once more in control of the process multiples the uncertainty of an already shaky house of cards.

NOW is the time for agents in collaboration with local lenders to create the solutions needed to address the uncertainty that paralyzes the decision making so many.

Mar 18, 2015 10:21 PM
Rainmaker
630,251
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

Go and hunt for listings!

Mar 11, 2018 08:14 AM
Rainmaker
582,106
Eric Kodner
Madeline Island Realty - La Pointe, WI
CRS, Madeline Island Realty, LaPointe, WI 54850 -

I find that Boomers are especially willing to stay put as long as they can.  For an aging Boomer, the thought of selling tends to put them into a depressed frame of mind.  They have few alternatives.  Many can't afford to retire and can't afford the sunbelt condo they dreamed of having one day.  The meltdown and economic collapse of the last decade wiped out enough of them to stunt the growth of the current recovery.

Mar 19, 2015 01:50 AM
Rainmaker
1,951,949
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

In my area, sellers aren't moving primarily due to lack of inventory. Families stay in cramped quarters, or remodel and add on. Some retirees on fixed budgets sell and move to less costly areas, or sell because they can no longer handle stairs, but most still enjoy living here and put off selling.

I try to identify those potential sellers who will shortly need to sell and show them the way.

Mar 19, 2015 01:03 AM
Ambassador
6,525,241
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

It takes focus and work to keep the listings coming in, something we make a priority.

Dec 23, 2019 11:53 PM
Rainer
279,878
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

They are afraid they will not have a place to live if they sell their own home.

Jul 30, 2018 11:11 PM
Rainmaker
4,800,182
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Can't find a suitable replacement.

Jun 22, 2018 05:30 AM
Rainer
45,957
Andy Madrid
Hawaii Coast Realty, LLC - Kailua-Kona, HI
Expertise, Professionalism, and Service

its really difficult both for Boomers who might consider selling but they can't move up because home prices are so high.  Millenials are priced out of the market (at least here in Santa Barbara) and they have seen the affect of the market crash on their parent's nest egg so they are much more tepid about buying a home.  What I do is speak them potential sellers about their goals and how to achieve them.  Sometimes I work with a financial planner to assist them in visualizing their goals and looking at ways to get them there.

For younger buyers, its much more difficult. They want to be more mobile so renting seems to be the norm.  They dont want to feel like they are house-poor.

Mar 20, 2015 06:03 AM
Rainmaker
680,965
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

In our area the inventory has been very low but I am personally starting to list properties (a few per week) so I can't complain.  However I believe there are still so many "could be / would be" sellers out there that are still underwater or unable to sell their homes without bringing money to the table. I believe the economy is still an issue - we need to see jobs for many - and then those first time buyers will start buying which in turn will cause the move up buyers to be able to sell and starting looking for the bigger house ...

Mar 19, 2015 03:37 AM
Rainmaker
3,416,113
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I have increased my marketing and reach to home owners. I have met with many who either dont want to sell until they find a home. They didnt know that there was a shortage of homes and a waiting list of buyers so they were just waiting until the news told them to sell and some who are scared of what is going on from this administration. In the end those who are ready to sell but were not sure if they should list or wait, were happy to list and get a fast sale. 

Mar 18, 2015 10:11 PM
Rainmaker
5,178,141
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I think its partially not feeling certain they have another home to go to. There are still homeowners out there who might be a bit underwater no matter how much the market has improved.

Mar 18, 2015 09:26 PM
Rainmaker
2,818,379
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

I would bet nainly the economy.  Many just can't sell - they don't have enough equity since price values went down and/or haven't climbed enough.  Most don't realize there is low inventory.

A whole section of would be trade up buyers (i.e. those that bought 5-7 yrs ago) are just stuck and can not trade up.

Mar 18, 2015 08:53 PM
Rainmaker
2,263,901
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

You get out into the neighborhoods you want listings in and knock on doors. You get out of town property owner addresses and send them propaganda about your marketing and to please remember you if they know someone thinking of buying, selling real estate Andra Fleming There is always a market, get more of it than others in it wished you did. Sellers have to replace the place.. it is a math exercise. Go after just land, small business listings, round out the real estate inventory that is available to peddle.

Mar 18, 2015 08:52 PM