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If you have closings right now, it's just because you're lucky

By
Education & Training with HD Realty BK662006

She's Just Lucky...That's Why She Has So Many Closings... 

Do you believe that's actually what someone said about me?!?!? I couldn't believe my ears when I heard that, I started laughing uncontrollably! 4 leaf clover

I see 3 different types of agents in the field right now... 

First: those that sit around and hope something happens 

Second: those that go out and make something happen, and 

Third: those that wonder what just happened!

Let me explain my self, and I'm actually going to lump 1 and 3 together. This morning I was at a closing at a "Traditional" real estate office, and since I was running a little early, I sat in the lobby and "observed" the activity. You know those little vacuum robots that go in a straight line until they hit a wall or furniture and then they change direction until they hit something else? Well, one guy reminded me of that, except with WAY less energy! He was just walking around the office, probably waiting on the magical phone call that was going to change his life (or at least his Tuesday morning!). A few others were milling around, some with cell phones to their heads, and a few looked like they were actually doing something important. It actually reminded me of the person that made the comment that I am "Lucky" who just sits around the office waiting for the phone to ring. He once asked me how I got so much business and I quickly answered: "do you ever see me sitting in the office waiting on the phone to ring?"

Which brings me to number 2: Let me explain the "luck" involved in these 3 closings:

#1: was a short sale where every time I turned around the buyer was talking about walking away... this would be the same buyer that I actually found but then all of a sudden had a "buyers agent" who wanted 3%. But that's OK, the deal was what was best for the seller, so I made it happen.

#2 was a short sale with Countrywide/B of A that I've been working on since about January, need I say more? (there is NO luck in drawing a Cwide/BofA shortsale deal, unless you believe in BAD luck!)

#3 was a transaction where I represented the buyers, a friend from college and his new, pregnant wife. I guess it was lucky that I negotiated for the seller to install a new roof based on the home inspection, and lucky that I could call in a favor from my roofer to get it done, and lucky that it took the seller a week to sign the NOC so we could get the permit, and lucky I could drive across town and get the release signed, and lucky that I was able to track down the buyer at the Altamonte Mall because the title company forgot to have them sign something and we couldn't get the funding number

#4 (hey, someone as lucky as me has more than just 3 things going on!) I got a new listing in Casselberry (nice waterfront condo) from an out of town seller that I've been conversing with for about 4 months (lucky I was able to stay in touch until he was ready to list his mom's condo!)

#5 Got another short sale listing under contract today... lucky my sellers were smart enough to know what documents I would need for the submission, and finally

#6 & 7: Lucky enough to be open on Thursday to set 2 more appointments to meet with sellers about listing their short sales

By the way, out of these 7, 6 were referrals from my sphere of influence, and one was someone I overheard talking about short selling their house at Sonny's BBQ and handed a business card to. I sure am lucky that so many people trust me enough to refer their friends to!

So which one are you? Are you sitting around the office waiting for the phone to ring and when someone in your office has some closings you say they're just "lucky"? Or are you out at networking groups, Chambers, real estate investment associations, and even Sonny's BBQ, beating the bush for your next deal?

I can't wait until the 4th of July when Tim & I will be volunteering for the Sanford Rotary at the fireworks in downtown Sanford. I'll be working my tail off all day in the Beer Booth (stop by and say Hi!) to help raise money for Rotary, and maybe if I'm lucky, someone will notice my REALTOR pin on my shirt and will ask me about real estate!

Andy

(to subscribe to my weekly e-zine with tips for real estate pros, visit www.AndyTolbert.com )

Karen Monsour
Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL
REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Andy,

Don't think negative  #1.

#2, I just got approval for a cash deal on a BoA/Countrywide deal yesterday.

They have a ton of properties to deal with and everyone should know... a short sale with this agency is going to take 4 months or more...

As for the types of Realtors(r) that are out there...If you are willing to work hard in this market...you will make it, if you are waiting for a phone call, forget it.

South Florida real estate went from 26  months of inventory April 2008 to 13.5 months of inventory as of May 2009...things are selling and the astute are  buying...no question about it.

 

Jun 30, 2009 03:10 PM
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Luck is an acronym for Laboring Under Correct Knowledge.

HAHAHA @ #2! I had a great shortie this month with BOA so maybe there is some luck in that.

At any rate, luck is like magic. You make it good or you make it bad--but make no mistake, you are making it!

Jun 30, 2009 03:20 PM
Andrea "Andy" Tolbert
HD Realty - Sanford, FL
Broker, Safety Expert, Instructor

Karen: we're down from about 25 months inventory to about 10 months in Orlando... Yayy!

Candice: good news on the BofA shortie... I'm submitting another one tomorrow... I'll keep my fingers crossed that I'll get lucky!

Jun 30, 2009 03:37 PM
Vickie McCartney
Maverick Realty - Owensboro, KY
Broker, Real Estate Agent Owensboro KY

Andy~ Those that say you are just lucky are just so jealous that they can't stand it.  Keep doing the hard work and networking that you are doing.  It pays off!

Jun 30, 2009 03:48 PM
BLR Guy
BLRGUY(Beach & Luxury Realty Inc) - Saint Pete Beach, FL

Andy,there is not too much luck involved...just alot of hard work!Keep up the hard work!Much success to you!

Jul 01, 2009 12:34 AM
Lynn Ganster
Morris Williams Realty - Orlando, FL
P.A.

Nice work Andy!  Keep it up and we all know how "lucky" we are.  Glad you're staying focused and positive and know the value of your relationships and that it takes continued hard work to stay so lucky!  Happy Anniversary, Happy Belated Birthday and Hooray for the Red, White & Blue!

Jul 01, 2009 01:31 AM
Andrea "Andy" Tolbert
HD Realty - Sanford, FL
Broker, Safety Expert, Instructor

I want to clarify something... I got  an offline note from an agent that thought I was picking on the "traditional" office, and that was absolutely not the point, please read my offline response I sent back to her:

"Thanks for the feedback... I should have said "traditional" agent... I'm in about as old-school "traditional" office as they come (but not a franchise). The point wasn't to pick on the office, but the guy walking around that looked like he just landed on our planet and didn't even speak the language (I'm sure you know which one...we all have one or two in our offices!)

I try to take my personal experiences and make them a learning/motivational lesson for my readers... this one was one simple message... don't wait for the phone to ring, go out and make it happen."

Jul 01, 2009 01:32 AM
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

I know you know this.  Luck is really just a 4-letter word that is achieved through working your tail off and using your brain in order to put yourself into profitable opportunities.  People also like to blame "bad luck" on all the negative things going on in their lives instead of looking in the mirror at the real culprit.

Jul 01, 2009 04:14 AM