In Defense of Investors

By
Services for Real Estate Pros with Marte Cliff Copywriting

Just a reminder...

So many times here on Active Rain we see agents talking about real estate investors as if they were ALL scummy people – out to take advantage of poor defenseless sellers, or out to do shoddy remodel jobs that cover problems rather than repair them.

We know some of them are like that. There's plenty of evidence of that. A great example is in Jay Markanich's hilarious tale of meeting his neighbor, Mr. Flipper.

But... I do know some who are honest and do a fine job rehabbing the fixer-upper houses they buy. Sometimes they end up losing money because they find more problems than they bargained for, but go ahead and fix them.Abandoned house

So, just as you don’t want the public to paint you with a brush that says “All real estate sales people are unethical,” it isn’t a good idea to paint all investors with the same brush.

Yes, they want to get a good deal – one they can make money on in the long run. But does that make them so different from potential homeowners who want to get a good deal?

And if you can gain the loyalty of one or more of the good ones, you'll close on an extra house or two each year.

You just have to learn what they're looking for - houses with "the right things wrong with them." Then call them when you see one come on the market.

Most of the investors I know do prefer to work with a real estate professional.

Plus, most either have the cash or the financing in place before they go in search of homes to buy. And most will allow sellers to get out from under houses they don’t want with the houses in “as-is” condition. Usually, they'll even do the trash out themselves, saving sellers with probate houses the expense (and sometimes mental distress) of dealing with it.

So while I agree that some investors are not very nice people… others are VERY nice people.

Judge each on his or her own merits… just like you want others to judge you. And when you find a good one, turn him or her into "your" buyer.

 

Photo courtesy of Jascha Hoste on stock.xchng

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Rainmaker
1,945,937
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

All or nothing, black or white period thinking is dangerous on any subject, about any profession.

Jan 20, 2011 09:29 PM #1
Rainmaker
4,083,916
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Marte, that is so true!   I have an investor that has purchased a couple of homes in the last couple of years, paying cash, and NOT a scumlord, and easy to work with.    We are NOT all alike!

Jan 21, 2011 01:20 AM #2
Rainer
216,022
Joe Kenny
Realty Executive Midwest - Darien, IL
Better Than Your Average Joe

I think if an investor is going purchase a  home and improve it for someone to buy as long as the job is done correctly, that investor is an asset to the community.

Jan 21, 2011 02:01 AM #3
Rainmaker
128,818
Craig Snead
Quality Home Investments, LLC / Dearborn Heights, MI - Dearborn Heights, MI
Real Estate Investor

Marte, thank for speaking out for investors. As an investor I find my agents to be an asset. I have my expertise and they have theirs. it is a two way street that can be shared and beneficial for all.

Jan 21, 2011 08:19 AM #4
Ambassador
3,090,321
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

There is certainly nothing wrong with folks who can get out there and make a deal, making some money with a real estate purchase. 

Jan 21, 2011 10:30 AM #5
Rainmaker
1,537,880
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Andrew, that's right. I have to stop myself from thinking that way about "all politicians!"

Joan - Good for you. I'm glad you found each other.

Joe - It certainly is an asset to a neighborhood when someone improves a property. I remember the old real estate investment books used to say "buy the worst house in the best neighborhood." (They probably still do, but I haven't read any new ones lately.)

Craig - You're welcome. And you're right - when everyone uses their own talents and expertise, you can create wonderful partnerships.

Chris Ann - thanks for your support!

 

Jan 21, 2011 11:56 AM #6
Rainmaker
137,377
Alexsandra Stewart
Remax equity group - Portland, OR
Broker - Portland Oregon Real Estate

Marte -- nice ppost and good reminders.  I agree.  There are some investors who are real assets to the neighborhoods they work in.   Most that I know do work with realtors and are happy to.

Jan 21, 2011 06:45 PM #7
Ambassador
759,137
Charita Cadenhead
Keller Williams Realty - Birmingham, AL
Serving Jefferson and Shelby Counties (Alabama)

Thanks for writing this Marte.  Sometimes people can get so caught up that they don't even realizing that they are stereotyping.  (I might even include myself in this category on occassion).

Jan 21, 2011 07:00 PM #8
Rainmaker
1,537,880
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Alexsandra - Yes, I think many, if not most of them, know the value of having a good real estate agent keeping an eye out for properties they'll want.

Charita - No, not you! But... yes, I guess we all are guilty once in a while.

Jan 21, 2011 07:23 PM #9
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Rainmaker
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Marte Cliff

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