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Home > Archive > Real estate forum > June 2005 > Realtors (Car Salespeople) versus Investors (Vultures)
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Realtors (Car Salespeople) versus Investors (Vultures)
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| Steve Horrillo 2005-06-16, 1:59 pm |
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On 16-Jun-2005, "Steve" <tm4525@aol.com> wrote:
quote:
> I don't see that investors have competition in real estate. There are
> 100s of properties available. What are we competing for? Its not like
> art collecting where you might want a particular piece. Investors look
> for value and return. One indication that an area is overpriced, like
> downtown lauderdale, is when owning costs more than renting in the same
> area. In NYC you can pay 1.4M for an apartment, but easily get $6K/Mo
> to rent it. Not so in most of lauderdale, indicating that the demand
> for housing is lower than the demand by investors to buy on
> speculation. Today's "investors", in many cases, are just people who
> think that no matter what they buy it will be worth 20% more next year.
> You don't seem to have any insight on the subject, nor have you said
> anything to convince me that such value exists. You guys are just
> playing it by ear it seems, hoping that the "buzz" continues.
Then why is there so much "juice" against realtors among the investment
community? Investors say Realtors are regarded by the public as lower than
"used car salesmen." Yet in practice from what I've seen the profession is
respected by the public. The vast majority of FSBO's are doing it to save
money, not because they have a low regard for the profession. On the other
hand investors are known as Vultures, they even call each other Vultures!
That's the mentality investors seem to have. Me against the world of
deadbeat property owners and evil realtors. At least online that's how they
are coming across. And always posting anonymously.
--
Warmest regards,
Steve Horrillo, Realtor | Trainer | Hypnotherapist
http://brokeragenttraining.com (Advanced training for real estate
professionals)
http://over100percent.com (Realtors earn over 100 percent)
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| homan4 2005-06-17, 11:25 pm |
| A person who needs to sell real estate has only 2 choices, sell it
themselves FSBO or sell through a realtor. These are the two markets,
wholesale (FSBO) and retail (using an agent or broker). In another thread
there is a whole too do about the fact that on the average realtors sell
homes for 15.6% more than those selling FSBO. The fact is that the majority
of non realtor transactions (FSBO) fall into two categories which skew that
statistic. The first is family and friends - non arms length transactions
and the second is investors - often helping owners of distressed property by
making a quick sale, or satisfying judgments, or some other reason that
justifies a substantial discount off market. For investors real estate is
business
The reason to hire an agent is to sell the home for retail (at fair market
value). If you want to compare realtors to used car sales people, fine.
But using the analogy investors are the folk who get the repo cars, and the
cars donated to charity and auction them off. Both serve a different niche
market that the other can't or won't. Let's face it most investors do not
buy low end single family properties through real estate agents with the
exception of HUD and bank foreclosures. So lets grow up and try to get
along. In the words of Rodney king "why can't we all get along?" Or as
they said in the musical Oklahoma! "The farmer and the cowboy should be
friends."
"Steve Horrillo" <usenet@stephenhorrillo.com> wrote in message
news:lHgse.102461$8S5.38374@bignews3.bellsouth.net...
quote:
>
> On 16-Jun-2005, "Steve" <tm4525@aol.com> wrote:
>
>
> Then why is there so much "juice" against realtors among the investment
> community? Investors say Realtors are regarded by the public as lower than
> "used car salesmen." Yet in practice from what I've seen the profession is
> respected by the public. The vast majority of FSBO's are doing it to save
> money, not because they have a low regard for the profession. On the other
> hand investors are known as Vultures, they even call each other Vultures!
> That's the mentality investors seem to have. Me against the world of
> deadbeat property owners and evil realtors. At least online that's how
> they
> are coming across. And always posting anonymously.
>
> --
> Warmest regards,
>
> Steve Horrillo, Realtor | Trainer | Hypnotherapist
> http://brokeragenttraining.com (Advanced training for real estate
> professionals)
> http://over100percent.com (Realtors earn over 100 percent)
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| Steve Horrillo 2005-06-17, 11:25 pm |
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On 16-Jun-2005, "homan4" <homan4@cox.net> wrote:
quote:
> The reason to hire an agent is to sell the home for retail (at fair market
>
> value). If you want to compare realtors to used car sales people, fine.
> But using the analogy investors are the folk who get the repo cars, and
> the
> cars donated to charity and auction them off. Both serve a different
> niche
> market that the other can't or won't. Let's face it most investors do not
>
> buy low end single family properties through real estate agents with the
> exception of HUD and bank foreclosures. So lets grow up and try to get
> along. In the words of Rodney king "why can't we all get along?" Or as
> they said in the musical Oklahoma! "The farmer and the cowboy should be
> friends."
I doubt that will ever happen. Most investors are attracted to realty for
the easy money. If that were not true Carlton Sheets would have been out of
business long ago. Rather than doing it the right way and get licensed,
become a Realtor, learn the laws and the needs of the public. Then become an
investor. Not to say that some dont start out right. But depending on their
inner strength or personality, many soon become frustated and don't renew
their license, then resentfully start looking for a short cut. Many skip
that step entirely and start looking for people in financial trouble right
off the bat. I know it's tempting. Being a Realtor takes discipline, a thick
skin, being a team player, hard work, and committment. That's why there's so
many bad Realtors. It's a hard act to follow if done right. IMO it comes
down to your prorities. Do you want to get rich with minimal effort. Is
success a journey or a destination? What you believe will determine what
path you'll take.
Not that all investors are bad people. The good one's are expert problem
solvers and deserve what they earn because of their creative abilities. The
bad Realtors and investors are just opposite sides of the same coin.
--
Warmest regards,
Steve Horrillo, Realtor | Trainer | Hypnotherapist
http://brokeragenttraining.com (Advanced training for real estate
professionals)
http://over100percent.com (Realtors earn over 100 percent)
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