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Love & Hate Real Estate business

1) I love when a buyer finds their dream home.

I hate when a buyer is too picky to ever find their dream home.

2) I love when a seller receives a good purchase offer.

I hate when a seller rejects a good purchase offer out of emotion, spite or need for conflict.

3) I love when a buyer/seller chooses to work with me.

I hate when a prior client lists their home with a different Realtor.

4) I love when I have a closing and get a fat commission check.

I hate when I work with a seller/buyer for a long time and get jack sh*t.

5) I love when a prepared buyer flies into town and gets a home under contract within a few days.

I hate when a buyer flies into town and wants me to play tour guide of several Sarasota houses and does not buy - ever.

6) I love when a buyer comes to town to see if they like Sarasota before they look at property.

I hate when a buyer comes to town and wants to see houses prior to finding out if they like Sarasota.

7) I love when a seller is realistic about the value of their home.

I hate when a seller is unrealistic about the value of their home and ignores logic as to the reasons why.

8) I love when a seller realizes that open houses aren't that useful for selling homes.

I hate when a seller thinks an open house will somehow counteract their high asking price.  

9) I love when a buyer doesn't spend too much time in a house they know they won't buy.

I hate when a buyers knows within the first few minutes of seeing a home that it won't work for them, however they spend the next 15 minutes visualizing placement of their furniture or critiquing the house.

10) I love when a buyer says, "I don't want to look at any short sales."

I hate when a buyer says, "I'm only interested in short sales."

11) I love when a seller thinks that a competing home for sale in their area is better than theirs when it really is.

I hate when a seller thinks they have the absolute best property for sale in the area when it isn't even close.

12) I love when a buyer prefers to see houses during the week so I can take weekends off with my family.

I hate when a buyer only wants to meet on weekends (nature of the business).

13) I love when buyers drive by homes and communities before making an appointment to see a home they viewed on the internet.

I hate when a buyer makes an appointment to see a home and afterwards says, "I would never buy in this neighborhood."

14) I love when a buyer pays cash.

I hate when a prospect asks about lease options or lease purchases because they don't have enough money for a downpayment.

15) I love being able to vent and share war stories on Activerain.

I hate the need to vent about the real estate business.

 

Read part 2 of the 15 things I love and hate about the real estate business.

Marc Rasmussen selling Sarasota real estate. Updated daily with all Sarasota Florida real estate for sale. 


 
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83 Comments on 15 things I love and hate about the real estate business - part 1

NOV
12
2009
320,285 Points 5 Featured Posts Outside Blog

LOL we all need to vent somewhere and this list is one that we all can relate and share. I hate it when a buyer calls me to view homes and hasn't talked with a lender yet. I love it when they have.

5:35am • #1
1,546,025 Points 417 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

I am not thrilled when buyes just want addresses to "drive by and see the neighborhood".  Is is often a fact that, if they see something they like, they will call and must see it immediately.  After all, they're parked in front of the house for sale.

If you're not immediately available, their next phone call is to the listing agent.  Mmmmmmmm.

A BA Agreement won't protect an agent's commission if they send a buyer out to preview without the agent. 

5:36am • #2

Your list is very complete.  It is a challenging business. There are so many highs and lows.  I am riding out a big customer right now.  He sounds like he is ready to do big deals, but you never know until you walk away from the closing.

5:42am • #3
1 Featured Post

Plagiarism(LOL)...you read my my mind... Great post. Real Estate is a love..hate relationship.

5:54am • #4
126,176 Points

good to see the good why we did get in this business. At the end of the day it is good to help folks get the things we want. As I've heard it is the only way to get the thing I want

good post

Tony

6:06am • #5

Are you in the car with me when I'm driving clients around?  LOL

6:08am • #6
9 Featured Posts

Laura - I agree. Pre-approved buyers show a level of seriousness.

Lenn - My website gives addresses of the homes for sale. I'd rather work with buyers who are loyal. Often times those buyers who run around calling the listing agents off the sign because they must see the home now generally aren't that great to work with.

Carol - I agree. Never count the money until you actually have it.

Mark - Thank you.

6:09am • #7
395,027 Points 35 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp

Marc:

This is a great list and one that I can certainly relate to,

I always advise my buyers to do drive-bys. Smart buyers want to do this because it avoids wasting their time and yours. By then, they have already signed my buyer agency agreement so it's not a problem. It just makes good sense.

It is good to be able to vent on Active Rain, isn't it?

 

6:11am • #8
349,551 Points 7 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp

I can't wait for part two. I guess there is more.

6:15am • #9
724,124 Points 223 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

I love blogs like this.

I hate it when I get beaten to the punch!

6:21am • #10

So true, why do we keep doing this?  Must be love.

6:24am • #11
111,926 Points 1 Featured Post Outside Blog Attended Rain Camp

Great post - I can definitely relate :)

6:40am • #12
125,096 Points 1 Featured Post Outside Blog Hit Router Attended Rain Camp

LOL! Very true. I am glad we are all on the same page.

6:47am • #13
218,115 Points 4 Featured Posts Localism Sponsor

Life is great.  No matter what we do there is always two sides.

When we are doing what you love the negatives don't seem be as big deal and are much easy to work through. 

7:14am • #14
745,311 Points 3 Featured Posts

Good points. There are many small successes each day which make this a rather rewarding business. If it's not "fun" then you're in the wrong business.

 

7:22am • #15
268,841 Points 2 Featured Posts Called Shot Master

Very true post. There are both positives and negatives in our industry. We need to accept it and promote the positives. 

7:31am • #16
848,742 Points 153 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Marc, that about sums it up.

This would be a great post for new agents. In fact, I am going to forward it to a new team member who was just licensed.

 

7:48am • #17
144,532 Points 1 Featured Post

Memories.....you just brought back a few! Great post and well written.

8:17am • #18

I love your loves and I hate your hates....hhhmmmm

8:47am • #20
152,667 Points 1 Featured Post

It is a love hate business. I LOVE a commission check, I HATE not getting paid for all my time.

8:51am • #21
861,456 Points 76 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I love #15 the best!!!

 

15) I love being able to vent and share war stories on Activerain. I hate the need to vent about the real estate business.

8:59am • #22
278,556 Points 15 Featured Posts

As Annie Lennox sang, "it's a thin line between love and hate".

9:00am • #23

Exacty!

And, I love that song Joe.

9:47am • #24

Thank you Marc - for such an entertaining post.  Looking forward to the next part! 

10:05am • #25

I hate it when you explain in minute details why buyer representation would be in a buyers favor, explain to them what you can/can't and will/won't do if they don't choose buyers agency. They refuse representation yet expect you to jump through hoops for them and be at their complete beck and call.

I love it when those folks find another agent!

10:52am • #26
133,806 Points 1 Featured Post Outside Blog

I love writing good blogs,

I hate that someone else came up with the idea first.

Nice Job!

12:15pm • #27

You spelled out the duality pretty well . . . I have been fortunate with #12 my clients want my assistance during the week for the most part. Thanks for a great post.

12:19pm • #28

I don't think I've ever had a buyer say, "I'm only interested in short sales." I do hate it when they say, "I'm only interested in foreclosures" however. I'll add one, I love it when a buyer want's to make an offer on a house in a multiple offer situation and they actually listen to my advice on how they can be the winner. Great post.

1:35pm • #29
126,170 Points

Very clever...I love #8...Hello we aren't selling during the 80's...and the gated communities don't scream come on in!

1:53pm • #31
390,959 Points 3 Featured Posts Localism Sponsor Outside Blog Called Shot Master

I love that you wrote this.

I hate that you are so right! Some get to me more than others, they are my pet peeves, my skin is getting thicker by the year!

 

1:58pm • #32
536,310 Points 7 Featured Posts Outside Blog Called Shot Master

I also love when buyers want to see home during the day on week days...thats my favorite.

2:23pm • #33

What I love about your post is that there is always a positive side to every type of situation.

What I hate is just about everything you hate! Great Post!

2:37pm • #34
197,862 Points 5 Featured Posts

I love reading posts like this...I hate the same stuff as you!!!  Love the format...it's like Good News, Bad News!  LOL!  Thanks for sharing!

2:43pm • #35
180,150 Points 33 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Just the following alone and your list is complete:

7) I love when a seller is realistic about the value of their home.I hate when a seller is unrealistic about the value of their home and ignores logic as to the reasons why. 

8) I love when a seller realizes that open houses aren't that useful for selling homes. I hate when a seller thinks an open house will somehow counteract their high asking price.  

I just blogged about being a glorified tour guide!!!  Me thinks your the proof that my story is not an urban legend. lol

5) I love when a prepared buyer flies into town and gets a home under contract within a few days.  I hate when a buyer flies into town and wants me to play tour guide of several Sarasota houses and does not buy - ever.-----

This was only Part I, I can't wait to see the rest!

 

3:25pm • #36
483,070 Points 1 Featured Post Localism Sponsor Outside Blog

Hi Marc,  Great list - although I will respectfully disagree on the value of open houses !

4:03pm • #37
2 Featured Posts Localism Sponsor Outside Blog

Haha.  LOL Thanks for sharing.  I love real estate... glad to see you do too!

4:43pm • #38
262,014 Points 5 Featured Posts Attended Rain Camp

Marc - I think you, perhaps inadvertently, hit on a everyday truth - no matter how much you love something, there is always the flip side that well, just isn't so loveable.

Michae in Alexandria

5:16pm • #39

I love it when: my buyers are a few days from closing, and I have to drop by the new house for some reason, and none of the neighbors catch me while I am there.

I hate it when: Still a few days from closing, I am not able to get away fast enough and one of the neighborhood story tellers stops me and says, "So did your buyers know there is a drug dealer on the other side of them, and the kids across the street will probably steal their hubcaps, and their house is on an ancient burial site, and I saw someone fall through their roof last year when they hired a crew of rejects to work on it...."

Grrrrrrrrrrrrrr.

 

Tim Wilson
5:47pm • #40
1 Featured Post Called Shot Master

Awesome Post!!!  Aren't they all so true!!!  I love your loves, and hate your hates!!! LOL 

Have a great day!!!

Cheers,

Kim

6:16pm • #41
412,393 Points 1 Featured Post

Cute post, I enjoyed it. Thanks I think I'll reblog it.

 

Patricia/Seacoast NH

6:30pm • #42

Points..well taken !!!

Gary DiGiorgio

The DiGiorgio Group

9035 Wadsworth pkwy 2000

Westminster.Co 80021

Direct 303 898 4279

Office 303 422 5200 fx 303 467 0211

Gary@Di-DenverRealty.com

gary d
6:41pm • #43
102,010 Points 1 Featured Post Attended Rain Camp

I love this post!  #4 is my favorite

6:42pm • #44
9 Featured Posts

Thank you all for the great comments! ;-)

7:07pm • #45
164,356 Points 6 Featured Posts Attended Rain Camp

I love selling houses.

I hate that I can't just sell the SAME house over and over and still get paid ;-)

8:00pm • #46
277,620 Points 8 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

I love #9!  I had a friend that would do this...pull up to the house and he would just say, "no"....I get ready to pull off and then he would say, "well, since we are here let's look" and 30 minutes later...we would leave and he would dislike it even more.

8:35pm • #47
1,007,488 Points 36 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Your book reminds me of a book I had when I was a child - "Fortunately, Unfortunately." 

It is amusing and valid.

11:40pm • #48
235,304 Points 6 Featured Posts Called Shot Master

Marc, Very well said. You've exposed many truism of the industry. I can relate to every one of those points. This is a wacky field were in.

11:54pm • #49
NOV
13
2009
792,568 Points 32 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Your experience is showing!  There's an upside and downside to most aspects of real estate.

6:31am • #50

This is a nice list to read daily. I usually do not think of negatives in the converse context. They remind me of a Groucho Marx quote. He said, "the convesre is also true." In your post I assume some of the dislikes may be likes of another agent. 

7:11am • #51
Localism Sponsor Outside Blog

This was great to read this morning I think of Real Estate as a roller coater ride. There are always ups and downs

 

8:29am • #52

Dead on!  Every one of those items!  Thanks!

8:31am • #53
118,540 Points Attended Rain Camp

You did a great job of expressing my frustrations and the  of this roller coaster ride we call real estate.

Sometimes I feel like it was too easy and I made a lot.  The times that I worked my butt off and made little to nothing over ride that sentiment.

It's up to us to find the balance.  I think we do, but it is still challenging!   Joy

8:36am • #54
Outside Blog

Got a good laugh from this to start my day & forwarded to some friends!  nicely written.

8:39am • #55

Haha.  Funny stuff--yet very true.  It sounds like we are all in the same boat when it comes to the joys and frustrations of this business.  Thanks for the laugh.

8:48am • #56

Looking forward to Part 2!

9:54am • #57
681,586 Points 130 Featured Posts Attended Rain Camp Called Shot Master

I think I have the same list......probably exactly. And you haven't even touched on escrow or appraisals or lenders or agents....you have a large volume here you can write.

10:03am • #58
Outside Blog

I sat here nodding my head reading the whole post!  Laughed out loud about jack sh*t!  You nailed it for sure.  It's a hard business!

10:13am • #59

Marc- Love the post!  Looking forward to part 2

Darla Dennis
11:11am • #61

hear hear!

and in the end the loves outweigh  the hates and we all saddle up and do it for the loves!

 

11:26am • #62

That is the best post I have ever seen

Gary Hehemann
11:53am • #63
158,641 Points 2 Featured Posts Outside Blog Attended Rain Camp

I love it when a client listens to my advice and respects me as a professional.

I hate it when a client listens to the advice of his friends and co-workers and values it above my advice.

Enjoyed your post.

John Juarez, REALTOR

Windermere Properties of the East Bay

John@CarlMedford.com

510-673-0686

11:58am • #64
815,332 Points 7 Featured Posts Localism Sponsor Outside Blog Called Shot Master

I think we all have our loves and hates in this business.  There are a lot of great people and sometimes there are difficult ones.

12:07pm • #65
328,573 Points 4 Featured Posts

Marc

I used to have lots of hair when I started in this business. I don't know which part of the 15 hates caused the loss!

Ty

12:58pm • #66
2 Featured Posts

Great Post, the love/haet relationship will always exist!

1:07pm • #67
2 Featured Posts

Great Post, the love/haet relationship will always exist!

1:07pm • #68
Outside Blog

A sense of humor helps a lot to get through the bad days, thank you for the smile.

1:14pm • #69

I love that my daughers are both Realtors and my husband was a Realtor...lots of people to vent or listen to. Your list pretty much covers it. After 15 years I love real estate...most days.

Kelly Halverson
6:59pm • #70
124,387 Points

Nice list, its like the old quote, "Nothing is either good or bad, but thinking makes it so."

10:48pm • #71
NOV
14
2009
372,701 Points 43 Featured Posts Called Shot Master

I chuckled at your item #1...

When I was selling I had a prospective buyer named Craig who was a really nice guy - I liked him in spite of his lists. Yes, he had a notebook with lists of everything a house must have and all the things he needed to check out. (Tough to really know how much insulation is in those walls, but he tried!)

He would go on a "looking spree" about twice a year. Eventually he started bringing his future wife along on our outings... a very nice lady.

Then, after their first child was born, she came along too. Then later their son joined us. Sometimes Craig would talk about houses they should have chosen and bemoan the rising prices. But still, they couldn't find a house that was "just right."

A month or so ago I ran into his wife at the grocery store - she had just picked the kids up from school. And guess what? They're still living in that rental they moved into after the wedding.

Had he gone ahead and bought a house - any house - when we first started looking, right now he'd be sitting pretty, with low payments and equity of more than the original price.

Poor Craig - he was just too picky.

 

2:21am • #72

Just when you think that the crazy stuff is only happening to you in this biz, you read something on Activerain that gives you a little boost that confirms you are not in this alone!   Love the post, as if I wrote it from my own experiences.

8:50am • #73

I love when a buyer needs to buy a house for the family....

I hate when a buyer needs to buy a house for their dining room hutch/entertainment system______(fill in the blank)!

I LOVE your post!  And, like many others, I hate that I didn't get there first, LOL!  I am so looking forward to Part 2, Part 3, Part 4....however many parts you want to come up with.  I'll be reading them all!

 

Carole L. MacCollum, BH&G The Masiello Group Wells, Maine
10:35am • #75

So honest and true... great thoughts! :)

Robyn Link (Link Real Estate Group)
6:30pm • #76
NOV
16
2009

Love the post!

I love it when the seller agrees to stage and the realtor gets a sale in two weeks! 

 

Amanda Alligood
6:52am • #77
Outside Blog

I couldn't have said it better....

12:52pm • #78
186,349 Points 2 Featured Posts Called Shot Master

That's a good list Marc. I can identify with all of them.

10:14pm • #79
NOV
17
2009
3 Featured Posts

Marc -

Just dropping a quick thank you for the post.  I found part 2 first and followed the link to part 1.  Both were great.

10:07am • #80
DEC
19
2009
107,181 Points

ok 5, 10 11, 13  are my best....i really.. really hate it when a buyer flies in rents a car or drives in thier own car but wants me to drive them EVERYWHERE.. the grocery store the bank...and when i spend 1 to 5 days 8 housrs a day and they go home and will not return my calls or email... 

9:25am • #81

Good grief, Dana - you've got to be kidding me!  Here in my area, the buyers generally follow us in their own vehicles.  I would need to have commercial auto insurance, which is over twice what I'm paying now to put buyers in my car.  It works out pretty well because everyone here has off street parking.  WHEW!

Carole
12:44pm • #82
FEB
19
2010
125,003 Points 3 Featured Posts Localism Sponsor Outside Blog

Love this post-- thanks for the laugh!  AR is great for letting us know we're all in the same boat!

7:17pm • #83

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Marc Rasmussen - Sarasota Real Estate

Sarasota, FL

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Michael Saunders and Company

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