Inna Ivchenko, Realtor® • Green • GRI • HAFA • PSC Los Angeles CA (Barcode Properties)

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Rainmaker
4,166,961
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

The greatest challenge for buyers, at this time, would be to find a listing that lasts longer than 1 day, so they have the opportunity to purchase it !!!

The greatest challenge for sellers, at this time, would be to not fall for some of the "slick empty promises" from potential listing agents.....

 

Mar 03, 2018 12:44 PM
Rainmaker
2,827,780
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Inventory and pricing. Not necessarily in that or any order.

Mar 03, 2018 12:03 PM
Rainmaker
1,307,612
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

Also,  add renters. The home-ownership is still desirable. Many renters would like to enjoy permanence and stability that come with a home, building equity, freedom of choices, etc. But what i noticed, renters prefer to rent since getting financing and collecting down payment seems too complicated to them, even we do have options of only 3-5% down. 

Mar 03, 2018 11:47 AM
Rainmaker
4,500,645
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Low inventories make searching more difficult.

Mar 03, 2018 11:40 AM
Rainmaker
550,440
Carla Freund
Keller Williams Preferred Realty - Apex, NC
Raleigh - Cary Triangle Real Estate 919-602-8489

1. Sellers: some aren't realistic about their home value if they're not in the hottest selling area.

2. Buyers: Inventory is low in the hottest areas.

Overall, we have baby boomers and young professionals looking for the same house when it comes to size and price.

Mar 03, 2018 11:36 AM
Rainmaker
298,126
Jill Murty, Realtor - Orange County, CA
PREA Realty - Laguna Niguel, CA

For buyers, the lack of inventory, multiple offer situations and high price points.

Mar 03, 2018 11:35 AM
Ambassador
3,854,995
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Inna Ivchenko - I feel the answer is BOTH - when they are NOT educated and do not understand the market.

If buyers do not understand the current market dynamics of limited inventory and are not willing to come up. that is a challenge.

If a seller expects 20% more than the current market can bring a buyer at, that is a challenge.

Mar 03, 2018 06:22 PM
Rainmaker
769,825
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
Co-Host of Mail-Right's: Real Estate Agent Podcast

Drowning in information, starving for wisdom. They need a professional they can trust and make informed decisions with.

Mar 03, 2018 04:58 PM
Rainmaker
7,420
Francisco Peot
Richmond Home Sales At Clocktower Realty Group - Richmond, VA
The Best Place To Find Your Home!

Basically echoing the same as everyone else.

Buyers- Lack of inventory. Not finding everything you want because of lack of inventory, and not being aggressive enough when a house first comes on the market. I don’t care if it’s the first home you go see, if it checks off most of your boxes, and it just came on the market, you better not let it get to the open house or there will more than likely be multiple offers. You may not see another one like it for weeks or months.

Sellers- Getting greedy and over pricing homes. Not accepting a strong offer from a qualified buyer before an open house. Waiting on a bigger payday when a buyer offers you asking or close to it, could cost you in the end. Statistically the first offer is normally the best offer. Some buyers are turned off my multiple offer situations and will back out. You may be chasing the buyer you snubbed after the open house. By then they may have either found a house or not want to work with you.

Check out how to sell my home fast
http://richmondhomesales.com/p/12058/how-to-sell-my-home-fast

Mar 03, 2018 04:54 PM
Ambassador
3,301,908
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Most challenges have been listed already in this thread, best to focus on solutions.

Mar 03, 2018 02:40 PM
Rainmaker
1,044,969
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

For sellers: When they turn into buyers

For buyers: Finding homes in good condition.  Prices are high and competition fierce for homes in good condition.

Mar 03, 2018 11:56 AM
Ambassador
1,988,364
Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

1.   Sellers over $400K, too much inventory.

2.   Buyers under $250K, not enough inventory.

Mar 03, 2018 11:39 AM
Rainmaker
342,185
Diana Dahlberg
1 MONTH REALTY - Kenosha, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

We Need SELLERS to step up to the plate and put their houses on the market.  Inventory levels are LOW, LOW, LOW and the Buyers are practically standing in line to make an offer.  I wrote an offer on a house two days Ago ... on the market 2 days and 12 offers in.  Crazy!  Now is the time to Sell ... just sayin' ... IMHO

Mar 03, 2018 11:34 AM
Ambassador
2,434,145
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

1. Sellers - most of the time, they are also going to be buyers here and they sell their homes, having no place to go due to the low inventory.

2. Buyers - competing with far more buyers in today's market - they have to be prepared to compete with their Offers too!

Mar 03, 2018 08:15 PM
Rainmaker
3,357,439
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

I'm with Michael Jacobs on this one!

Mar 03, 2018 06:56 PM
Rainmaker
1,345,843
Mike Cooper
Cornerstone Business Group Inc - Winchester, VA
Your Winchester, VA Real Estate Sales Pro

Inna, we have a real circular dilemma. We have low inventory. So, sellers won't list because their is nowhere to move, and buyers can't buy because sellers won't list. 

Mar 03, 2018 06:46 PM
Rainmaker
2,561,601
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Buyers: Cannot complete with bidding wars with those that are willing to pay MUCH more for a home and waive all contingencies to get it.  

Sellers:  Are laughing their way to the bank.

Mar 03, 2018 05:06 PM
Ambassador
3,585,324
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Sellers need a place ot move to so are relunctant to sell without having another home. Not all can afford 2 homes at once.

Buyers are constrained by the tight inventory and have to move so quickly they don't have time to think. Many do not like this.

 

 

Mar 03, 2018 04:59 PM
Ambassador
2,642,404
Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

1. finding a place to live after you sell

2. Interest rates and multiple offers

Mar 03, 2018 03:07 PM
Rainmaker
3,637,139
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Inna,

Each market is different.  We see that constantly as we move around the US.  Some places have buyers markets, whereas others have sellers market.  

Mar 03, 2018 02:13 PM
Ambassador
2,693,374
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

the only sellers facing challenges in my market are those with dreaming list prices.

buyers on the other hand in most price points are facing very low inventory and multiple offer situations and appraisals no cooperating with  offer prices and having to come out of pocket with the difference while the market catches up to their offers.

Mar 03, 2018 01:04 PM
Rainmaker
2,587,944
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

For buyers it is finding a house to buy. For sellers it is finding a house to buy in order to want to sell. Then needing to sell in order to buy

Mar 04, 2018 06:27 AM
Rainmaker
641,645
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

1. Sellers - a place to move into

2. Buyers - a place to move into

Mar 04, 2018 06:23 AM
Rainmaker
2,823,415
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Price

Mar 04, 2018 05:56 AM
Rainmaker
1,690,221
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Inventory scarcity

Mar 04, 2018 05:40 AM
Rainmaker
4,147,932
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Affordability.

Mar 04, 2018 05:36 AM
Ambassador
1,322,792
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Affordable housing lack affects buyers.

Mar 04, 2018 05:34 AM
Rainmaker
831,009
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

1

Renters are selective here these days. Want brand new homes, new yard. Their choice of color(paint). Want it cheap. 

Mar 03, 2018 09:26 PM
Rainmaker
2,246,976
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

for the sellers...greed

for the buyers....doubt

Mar 03, 2018 06:02 PM
Rainmaker
401,993
Dee Toohey
Innovative Realty Solutions Group - Longwood, FL
Broker, ABR, AHWD, CIPS, FMS, ePro

Mine is finding homes under $200,000 for FHA buyers.  

Mar 03, 2018 03:56 PM
Rainer
131,911
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

Sellers - finding their next home. 

Buyers - finding their next home. 

Mar 03, 2018 02:26 PM
Rainmaker
269,335
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Sellers - setting a realistic price.  Buyers - understanding that a well priced home should not be negotiated but rather offered at least full price - and don't be disapppointed if you lose out on a multiple offer.

Mar 03, 2018 01:47 PM
Rainmaker
2,305,555
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Inna Ivchenko sellers, cash buyers, low inventory.

Mar 03, 2018 01:26 PM
Rainmaker
2,304,472
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

1. Buyers... not enough inventory and having to make decisions quickly and probably paying more than they thought they would need to do.

2. Sellers... not enough inventory to find the next house when their listing sells quickly.

Mar 03, 2018 12:51 PM
Rainmaker
2,519,288
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Both,  Sellers are afraid they can not find a house if their sells fast   Buyers, are afraid that they are price out of the market.   Great question.

 

Mar 04, 2018 12:52 PM
Rainmaker
3,437,752
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Buyers have the biggest challenge in our market - low inventory, multiple offers.

Mar 06, 2018 06:15 AM
Rainmaker
2,562,089
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Lack of inventory and pricing issues are leading the field!

Mar 05, 2018 05:48 AM