There are 100 days left in 2009. You have a choice right now to coast through the Fall and Holidays or to take charge and decide this will be the best quarter of the year. While many agents are feeling the busy part of the year is now gone and they "know" things are slower over the holidays....the smart agents are seeing where the opportunities are and seizing them. Instead of kicking back, you can ramp up a blitz for your sphere, your farm area, or your client base. Plan a client appreciation party or just take a client out to lunch each week. It can not only make for a better last 100 days, but set you up to hit the ground running in 2010.
So.....Let's stop and take a few minutes to put this into place:
What would be a "kick ass" last 100 days? Define on paper the vision. Keep it simple.
Write down a goal in both of these areas :
1. A business goal that is measurable: i.e. # of transactions, # of new contacts, # of new strategic partners
2. A personal goal: i.e. Lose 20 lb, stop smoking, start meditating or doing yoga
Plan what remarkable actions you'll be taking to make this happen: Plug the time into your weekly calendar as an appointment.
Start each day by reviewing your goals and determine for that day, what action will provide the most leverage to get you closer.
Get an accountability partner: Get a buddy, Hire a coach, go public with it on your Facebook page.
Have FUN!!!!! Choose targets that excite you!
If you find you are holding yourself back, it may be time to do some work on that part of you! The WCR Harnessing The Power Course is one way to break free of the self-limiting thinking that you may not even be aware of.
For all the agents, brokers, buyers and sellers in North Carolina who read this
and say: "More changes? So what? They change the form almost every year?
Get Ready!
This is not just a tweak here and a tweak there this is a major
overhaul of the form. Drum roll... the new Due Diligence Contract - is coming to
town. See below the article on the North Carolina Association of Realtors site
from July 21, 2009.
So what's in the new form you ask? I cannot say for sure as it is still in draft
mode and I have not personally seen the new NC Offer to Purchase and Contract
Form 2-T...
BUT I have heard a few things that I can share with you.
- Alternative 1 and Alternative 2 will no longer exist
-
In place of both Alternatives there will be a new "Due Diligence" period
-
How long of a due diligence period - not pre-determined it will be a negotiable
item
-
There will no longer be an "option fee" as there was in Alternative 2
- Will the delaying party fee/fines section of the contract still exist - YES
How big of a deal is this new contract? Well it is so big that there will be
extensive training rolled out by NCAR in January with the launch of the new form
and continue through the mandatory usage date which will be July 2010.
So what is Due Diligence? Due Diligence has often been a term used in commercial
and business transactions. Is this where this is coming from a commercial
contract?
According to Wikipedia:
Due
Diligence is a term used for a number of concepts involving either the
performance of an investigation of a business or person, or the performance of
an act with a certain standard of care. It can be a legal obligation, but the
term will more commonly apply to voluntary investigations. A common example of
due diligence in various industries is the process through which a potential
acquirer evaluates a target company or its assets for acquisition.
1 : the care that a reasonable person exercises under the circumstances to
avoid harm to other persons or their property
2 : research and analysis of a company or organization done in preparation
for a business transaction (as a corporate merger or purchase of securities)
How does all this apply to buying and selling houses and what will it mean to how we buy and
sell homes in North Carolina? That is not completely clear at this point.
My guess is what that we are moving back to caveat emptor.
Etymology: New Latin, let the buyer beware -- a principle in commerce: without a warranty the buyer takes the risk
I will keep you posted, but my guess at this date (9/23/2009) is that there will
be a period of time in which the buyer will be permitted to do any and all
investigation and inspections on the property.
During the due diligence period if for any or no reason they change their mind
they can notify sellers and terminate the deal. If no notification is given then
a contract exists.
Major Changes in Store for Offer to Purchase & Contract (2-T) in 2010
The NC REALTORS® Forms Committee has been working closely with real estate
lawyers representing the NC Bar Association over the course of the past year on
exciting new modifications to the standard Offer to Purchase and Contract (2-T).
The purpose of the modifications is to simplify the contract in ways that will
help buyers, sellers and their agents avoid disputes that oftentimes plague real
estate transactions, particularly repair disputes. The current plan is to
finalize the new "Due Diligence Contract" this fall and obtain approval of the
new form from the NC REALTORS® and the NC Bar Association next January.
Following approval, an extensive, multi-pronged educational initiative will be
launched so that NC REALTORS® members will have ample opportunities to receive
training on the revised contract prior to its official roll-out in July, 2010.
Thanks for checking out my blog. It's all about real estate, good music, caring for aging parents, church activities, leadership, motivation, the beach, investment properties, resort properties, public speaking. international real estate and anything else that happens to enter my brain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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