Do You Know Jack? - Lesson 1 for Real Estate Investors

By
Real Estate Agent with Chartwell Kansas City Realty SP00229578 2007027091

jack This is Jack. Jack lives in Kansas City. He listens to his realtor friends.

indie  This is Indie. Indie is a happy, insecure, buffoon type. She's not the sharpest tool in the shed but at least she knows Jack. 

indie's path  Without guidance, Indie tends to run back and forth, cutting a path without really going anywhere. She has a lot of energy but lacks focus and direction.

jackstanding  Jack is observant, lean, and graceful. Jack does not flit back and forth aimlessly. He moves with precision. He knows where the bones are buried. When Jack goes after something, he does so with quiet planning and a minimum of calculated movement.

gnome CA  Our California investors don't know Jack. Neither do the investors calling from Florida and Arizona. They seem like nice people but they tend to behave like Indie when choosing properties. We have tried to introduce them to Jack but there must be a language barrier because we are having trouble getting through to them. That may be the reason so many California investors lost their shirts in our market during the past two years. When they end up in foreclosure, it hurts our market too.

We are all busy and there are a growing number of Kansas City realtors who will not even talk to the California investors. Educating takes time. The language barrier makes it more difficult. I understand the frustration. Honestly, it is disheartening to work with people who do not listen. 

bamboo fntn  But I believe in balance. Although some realtors will not work with buyers; some will not work with CA investors; some will not work with REO's, I believe in embracing the whole real estate market, not just the easy parts that we like. Our whole team believes this way. We are holistic realtors with patience and hope for the future.

You, of course, recognize that believing and actually doing are two different animals. This is where we could use your help. If you are a realtor in CA, FL, AZ, NY, DC, or any market that has been hit hard during the recession, please do us a favor. Please introduce any investors from your state to Jack. It will only take a moment of your time and all realtors in Kansas City will be grateful for your assistance.

jack profile  Jack thanks you. I thank you. Every realtor in KC thanks you.

 

 

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All content, including photos, are the original creation of Maria Morton and may not be used without express written permission.

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No animals have been harmed during the making of this blog post.

I love California, Florida, Arizona, New York, DC, the people who live in all states, and investors in general.

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Interpreter Needed:

How do you say "You can't buy a house for half the list price in Kansas City!" in Californian?

Also, "We have accepted, standardized contracts approved by all appropriate state and local authorities; we do not need your contracts; we will not use your contracts."

Also, "Ask your realtor for their opinion, then LISTEN; that's what you're paying for." 

Realtor Maria Morton -816-560-3758- ....Zillow ratings

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... What Goes Into A Great Marketing Plan For Selling Your Home? ...  .... How SHOWINGS Are Arranged in Kansas City ...

... Surefire Way To NOT Sell Your House ...  ... About Lockboxes ....  ... How To BUY a House in Kansas City ...

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Maria Morton of Chartwell Kansas City Realty is a licensed Real Estate Agent in KS & MO.  816-877-8200 Office 

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Rainmaker
636,572
Maria Morton
Chartwell Kansas City Realty - Kansas City, MO
Kansas City Real Estate 816-560-3758

Gerry, I'm so glad it captivated your mind! Thanks.

 

May 23, 2009 08:47 AM #4
Rainmaker
636,572
Maria Morton
Chartwell Kansas City Realty - Kansas City, MO
Kansas City Real Estate 816-560-3758

Marney, If they knew Jack, they'd be alright, wouldn't they?

May 23, 2009 08:48 AM #5
Rainmaker
259,533
Melina Tomson
Tomson Burnham, llc Licensed in the State of Oregon - Salem, OR
Principal Broker/Owner, M.S.

You know that Oregonians joke that Californians are like a dirty word. It's not really true, but some Oregonians don't like Californians.

May 23, 2009 09:35 AM #6
Rainer
12,038
David Ethridge
Sea Lion Real Estate - Long Beach, CA

The crazy part is, you can't buy a house for half the list price in California either!

May 23, 2009 10:05 AM #7
Rainmaker
636,572
Maria Morton
Chartwell Kansas City Realty - Kansas City, MO
Kansas City Real Estate 816-560-3758

Melina, do you think that  some Oregonians are more reserved and laid back than some Californians?

David, well do they start out with a half price offer and negotiate? Here, the sellers won't even respond to that tactic. If you aren't within 90% of the list price, they probably won't counter.

May 23, 2009 10:44 AM #8
Ambassador
1,041,270
Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Hi Maria, Jack and Indie are very handsome dogs! Interesting that people are so picky, I guess real estate must be booming in your area?

Have a great weekend!

May 23, 2009 11:26 AM #9
Rainmaker
636,572
Maria Morton
Chartwell Kansas City Realty - Kansas City, MO
Kansas City Real Estate 816-560-3758

We are busy in Kansas City. The value of homes in Kansas City have not declined as much as most of the areas you hear about on the national news.

May 23, 2009 11:33 AM #10
Rainer
10,369
Mary Fox
Prudential of Kansas City - Kansas City, MO

I know Jack...he and indio live with me... If I could just keep  Indio from watching infomercials and attending 75 dollar investment seminars she could learn to listen too... Until then I'll have a great supply of contracts going no where and ginsue knives. Funny one and thanks Maria.

May 23, 2009 12:08 PM #11
Rainmaker
636,572
Maria Morton
Chartwell Kansas City Realty - Kansas City, MO
Kansas City Real Estate 816-560-3758

Mary, you're welcome. I told you to take the remote control away from her before you go to sleep. What else is she going to watch at 2am but an ifomercial about how to make a killing in real estate?

P.S. when are you going to upload a photo for your profile?

May 23, 2009 12:17 PM #12
Rainer
129,065
Justin Ukaoma
Vizion KC - Kansas City, MO
Kansas City Real Estate Investments

Not even really sure where to start.  Sounds like I'm not the only one whose dealt with some investors from Cali.  We work with many out of state investors.  The ones that are god are always the ones who are willing to listen.  Unfortunately those ones are often few and far between.

May 24, 2009 01:46 PM #13
Rainer
21,810
Mark Hendry : Blue Ridge Real Estate Pro in the North Georgia Mountains
Century 21 Professional Realty Group In The Mountains - Blue Ridge, GA

Maria, you're right on the money! I love the interpreter section the best. I think Californian has become the common language amongst Buyers these days. I'm ready for BALANCE!

May 25, 2009 01:41 AM #14
Ambassador
1,507,822
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

CUTE CUTE CUTE!  Since I am such a sucker for puppie dawgs I will keep you in mind!

May 25, 2009 07:10 AM #15
Rainmaker
636,572
Maria Morton
Chartwell Kansas City Realty - Kansas City, MO
Kansas City Real Estate 816-560-3758

Justin, it seems to be a common occurrence. The answer to "what's wrong with that buyer?" is now "they're a California investor" -unfortunately, that answer explains their actions all too well.

Mark, balance and common sense would be nice but seem to be rare traits in buyers today.

Renee, thanks.

May 25, 2009 07:47 PM #16
Rainmaker
218,350
Sally Dunbar
Lyon Real Estate, Fair Oaks CA (Sacramento Area) - Fair Oaks, CA
Fair Oaks Realtor - Fair Oaks Homes for Sale

I know what you mean... I deal with California investors all the time!  Love your post.  Jack's a smart fellow, it appears.

Thanks Maria for sending me over here. I DO know Jack.

May 26, 2009 04:02 PM #17
Rainmaker
626,217
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Maria, I saw this on Sally's post and had to come over!  Great idea for a post and I do believe that Jack's got it all together!  People who know Jack - know a lot!

May 27, 2009 02:30 PM #18
Rainmaker
636,572
Maria Morton
Chartwell Kansas City Realty - Kansas City, MO
Kansas City Real Estate 816-560-3758

Sally, Jack speaks very highly of you. He tells me that your investor clients are lucky to have such a knowledgeable and patient teacher/realtor. 

Mary, I'm glad you stopped by and thank you for your perceptive comment!

 

May 27, 2009 03:02 PM #19
Rainmaker
601,327
Donne Knudsen
Los Angeles & Ventura Counties in CA - Simi Valley, CA
CalState Realty Services

Maria - While there may be some CA investors that will listen to their Realtors, so many don't because they think they already know more than their Realtor, their lender and anyone else who tries to help them with their purchase. 

Based on my experience with investor buyers, so many of them are just a pack of Indie's, which is why I won't work with investors that I haven't worked with before.  If it's any consolation, the Indie's drive us just as crazy here as they do the people there.

Feb 23, 2010 02:34 AM #20
Rainmaker
636,572
Maria Morton
Chartwell Kansas City Realty - Kansas City, MO
Kansas City Real Estate 816-560-3758

Donna, some California Realtors actually emailed my post to some of their investor buyers! LOL We have some Indies in KC, too. They usually end up finding some poor, fresh out of school realtor to work with since the rest of us are on to their games.

Feb 23, 2010 05:50 AM #21
Rainmaker
1,558,015
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

Caught this on Andi's 2nd go 'round.  Nice anecdotal piece.  Some 'investors' are the dogs that run around chasing their own tails!!  ;-)  Best of luck!

Feb 23, 2010 02:07 PM #22
Rainer
35,410
Jack Snyder
Loan Officer in Orange County for Omni-Fund Inc. - San Clemente, CA
Loan Officer, San Clemente, Orange County, Califor

California is full of fruits and nuts, everyone knows that.

Apr 09, 2012 04:50 AM #23
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