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.
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