Jeffrey Jones, AZ Home Seekers, azhomeseekers.com (AZ Home Seekers)

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Rainmaker
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Richard Weeks
Dallas, TX
REALTOR®, Broker

Some people just don't want the responsibility of home ownership.

Jan 24, 2017 10:11 AM
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John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Nothing wrong with that, as long as they're professional & knowledgeable.  There are plenty of investment channels and real estate is only one.  Many do not want the responsibility of fixing things, maintaining a yard, etc, and are just as happy to pay rent & let someone else handle those things.

Jan 24, 2017 09:07 AM
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Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I think that's a small percentage.....

Jan 24, 2017 08:33 AM
Rainmaker
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Dorie Dillard CRS GRI ABR
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

I'm sure the % is low but things happen ..just like what Ron and Alexandra Seigel commented. My assistant's husband passed away a year and a half ago..she wanted to sell her big house and got an apartment..for her it is just what she needs until she sorts her life out. Her money s working in other avenues!

Jan 24, 2017 05:25 PM
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

WHAT???????

Jan 24, 2017 04:57 PM
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

A gourmet chef who doesnt sample the cooking does not know what he is missing...

Jan 24, 2017 04:45 PM
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I heard based on NAR estimates it is higher than any of us would realize. I know several myself that have never owned. 

Jan 24, 2017 04:42 PM
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Some places make sense to rent versus own but I understand your feelings.

Jan 24, 2017 12:51 PM
Rainer
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J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

I think you found the one, Jeffrey Jones! In all seriousness, I just think about all of the opportunities that agent has passed on over the last 30 years. If it has worked for this agent, I can't knock it. Ask me again in 20 years.

Jan 24, 2017 10:59 AM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Jeffrey,

Nothing wrong with them.  Sometimes, they have had adverse conditions in their lives.  One of our clients husband passed away and left a lot of debt. She had to sell it, and is still paying off the debts with her real estate earnings.  We also know ultra high net worth individuals who don't own a home and don't want to own one.  They feel their $$$ are earning them more money elsewhere.  A

Jan 24, 2017 10:58 AM
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Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

People make fun of me for the opposite reasons. All the places that I have moved to.

Jan 24, 2017 10:23 AM
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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

I know very few... mostly young ones that haven't gotten established financially yet.  

Jan 24, 2017 09:01 AM
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

That is hard to believe. I would ask why, would love to know

Jan 24, 2017 08:57 AM
Rainmaker
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Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

I have owned three through the years and am in between right now as I decide whether to downsize, move or whatever!

Jan 24, 2017 08:54 AM
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Currently renting for the first time in over 45 years!

Jan 25, 2017 07:03 AM
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Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

OMG - this is such a pet peave of mine!

And they try to sell investment property!

I understand some of their logic, but I completely disagree with it! How can you relate the benefits and joys of home ownership if you've never owned other than what you read or have heard?

For me it's like going to a surgeon who only "read" about surgery in a book LOL!

Scary!

Jan 25, 2017 05:29 AM
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I have never asked the question. I do not know.

Jan 25, 2017 05:13 AM
Rainmaker
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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Interesting

Jan 25, 2017 04:43 AM
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Many agents can not qualify for a mortgage.

Jan 25, 2017 04:31 AM
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Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I think that happens more than we realize. When I sold in NYC, lots of agents didn't own their own home... just too expensive.

Jan 25, 2017 04:20 AM
Rainmaker
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Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

I think that's fine, and as a matter of fact, that person would be great at working with rental clients!

Buying a house does give insight into how the process actually works, but as long as the agent is skilled at the process, it shouldn't matter where they live.

Jan 25, 2017 03:23 AM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Jeffrey Jones - good question! About 20%?

Jan 24, 2017 10:58 PM
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Wow that is a first Jeffrey. 30 years and no buying experience!

Jan 24, 2017 08:32 PM
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Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

I personally wouldn't want to use an agent if I knew they had never owned a home. However, those are typically new agents. If it were an agent with 30 years experience, it probably doesn't matter!

Jan 24, 2017 06:54 PM
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Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     I know Property Managers who have never rented.

Jan 24, 2017 06:47 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Some folks are buyers, some are renters.

I am always dismayed by the number of agents who advocate buying real estate while they rent their homes, offices, cars, software, etc.

Jan 24, 2017 05:43 PM
Rainmaker
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Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

Seems a bit unusual. I've owned 4 homes and 2 were new construction.

Jan 24, 2017 04:59 PM
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Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

We hadn't purchased a home when we first got into real estate, but I always felt a little weird about it - like I had the knowledge but not the personal experience of going through it myself.  With each home I buy and sell personally whether investment or I have learned more from the client perspective and it gives me more patience and empathy.  I don't know many agents myself that are renters unless they are very new to the business.

Jan 24, 2017 04:19 PM
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I know of one and he is hoping to buy his first home soon.  Selling for 2 years.

Jan 24, 2017 04:17 PM
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Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It's a little unusual, but fine.

Jan 24, 2017 02:44 PM
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Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

That's a great question.  I do not know any agents in my area that do not own their own home, but this particular agent must have had a very good reason.

Jan 24, 2017 01:35 PM
Rainmaker
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Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Like taking diet advise from one with a 31 BMI.
Sure, they could give you the right information...but they don't BELIEVE.

Every homeless person I ever chatted with knew how to get rich.
Sure, they could give you the right information..but a disconnect exists.

A professional who does not participate in their discipline does not BELIEVE.
They do believe they are fully skilled is the craft of persuasion.

For me, when I'm preparing to conquer the next endurance run, I won't be conferring with someone whose feet have never been laced into a worn set of sneakers.

 

Jan 24, 2017 01:26 PM
Rainer
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Teri Pacitto
Compass - Westlake Village, CA
Real Estate, Your Style...Your Home...My Specialty

I have found that just because one has had a license for any number of years does not always equate into an income to sustain buying a home.  That could very well be a reason but I don't know.  

I do know that there are many agents that I know in many markets that have held a license for that long that can't even write a contract.  I know others who have been licensed 1-2 years and own homes and investment properties as well.  

According to the National Average it would be impossible for many to not be able to afford to buy a home. 

According to NAR 

  • The median gross income of REALTORS® was $39,200 in 2015, down from $45,800 in 2014.

Here is a link to see more interesting stats on real estate.  

Interesting for sure.

Jan 24, 2017 01:23 PM
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

You don't have to cook to eat, I was once told...

Jan 24, 2017 12:12 PM
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Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

I cannot think of an agent in my sphere who has not been/is a home owner.

Jan 24, 2017 11:04 AM
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow, the best investment there is.  unreal.

 

Jan 24, 2017 10:59 AM
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Jeffrey Jones It does seem unusual and far from the norm. Did you as him/her why he/she has not purchased a home. May of had a very good reason.

Jan 24, 2017 10:29 AM
Rainmaker
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Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

That is amazing Jeffrey Jones . Most full time Realtors I know not only own their own home but have invested in several as rental income properties as well.

Jan 24, 2017 09:22 AM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I don't know the answer to your question.  Most agents I know own at least one home. 30 years is a long time in the business ... and never buying a home?

Jan 24, 2017 08:46 AM
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Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

I refrain from being judgmental over a personal choice that doesn't affect me.

Jan 26, 2017 06:50 AM
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

It has to be a very small number - I remember my NINJA coach telling us that if you don't own your home, a buyer or seller can't trust that you know what you're doing!

Jan 25, 2017 10:31 PM
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I own several.  Some people either don't want the responsibility of home ownership or don't want to be tied down or have assets that can be held against them.

Jan 25, 2017 10:35 AM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't have a clue.

Jan 25, 2017 10:26 AM
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Michael Scruggs
UTR Texas-Realtors - Houston, TX
ABR, CNE, TAHS

We are all at different points in our lives with varying circumstances we are facing.  Maybe the time is not right for a real estate agent to purchase a home at this time and that time may never come. 

Jan 25, 2017 07:55 AM
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Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

That is unbelievable to hear

Jan 25, 2017 05:51 AM
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

That seems crazy, but do not look up every agent I do business with to see if they own a home.  Only if they do business! 

Jan 26, 2017 02:59 PM