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My First Real Estate Experience in Katy - Perfectly Smooth Deal

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Real Estate Agent with Berkshire Hathaway HomeServices Anderson Properties TX Real Est. 567774

My First Real Estate Experience in Katy - Perfectly Smooth Deal

 

My First Real Estate Experience in Katy - Perfectly Smooth Deal

 

( Above picture taken by and copyrighted by Bob Gilbert with all rights reserved)

 

My first Real Estate deal was almost unbelieveable how smooth it was and all parties were very happy. I was told by folks who knew about this deal to beware as the majority of transactions have issues and some are serious issues. Do not believe this situation is the norm or will happen again was another comment I heard.

 

Let’s go back in  time several years when I was a newbie Realtor but very experienced business financial manager. I worked Open Houses for my former boss and mentor on 3 different weekends out of 4 weekends that specific September in Katy TX ( City of Katy or Old Katy). The home of course was his listing and he wanted me to get the Open House taste and experience. Just by doing all the effort to hold an Open House taught me a lot about the process and people.

 

The subject home was a one built in the early 1970’s, had several updates, was very well keep and was located on one lot but the deal included a second lot right next door. Big beautiful trees were located in several places. Today I would say this is a gorgeous property. The home at its price back then was really a steal and today no one could even begin to find any home like this one at a price anywhere near what it was being listed for without even throwing in the second lot!

 

I had several folks flat out tell they wanted to buy this home during my 3 Open House stint but all but one was just talking with no action. The old saying money talks and BS walks certainly comes into play. A big lesson for at this point in my Real Estate background was learned by me. During the third open house I showed the home twice to the same couple as they came back a second time. Even I knew these folks really liked the home and their comments easily supported my opinion. As I was getting ready to lock up the home they asked what did they have to do to buy this home. I told them to call me in the morning as I could sell the home as it was not my listing. Gary Greene the Broker I worked for back then did not allow Intermediary status for an agent to work both sides of any deal. My Broker today has the same guideline.

 

Another lesson I learned is I should have broken out a contract right there on the spot and got it written up while they were still there. I did get to know the homeowners and they told me later I could stayed there for as long as needed if we writing a contract. Today without hesitation   write the contract and get the buyers to sign it on the spot! Buyers Realtor writes a contract for presentation to sellers in Texas.

 

My clients and I wrote up the deal on Monday and we presented it to my boss and listing agent. He was already prepared as we both created a wall of communication separation concerning this deal and home. I reported to the head of our office and he reported to second in command for all matters pertaining to this sale. We never had any issues and the file was not available for him to view or use.  

 

My clients also owned a home in Katy and needed to sell it at some point in time. They qualified for a mortgage while still owning the other home. Their first mortgage payment was very low. This home was also located in an old Katy neighborhood. My Boss through me got the listing with no obstacles at all. .

 

The inspection was done and we had a few issues due to the age. No problem as the sellers agreed to give my buyers an amendment for cash to help pay for the repairs. At first I was very nervous about this inspection. No worries mate as all worked out with very little communication. I was shocked frankly and happy all at the same time.

 

My buyers home in old Katy was in excellent shape but being very hard working and honest people these folks decided to paint the whole home and wanted to get it done before it was listed. We held off with the listing while they worked.

 

You might ask why this was such a perfect type of deal? Well as my buyers were painting their home and it was not yet listed, a lady drove by and asked if by chance this home was for sale. She was moving from another state and wanted to live in Katy and have her children attend Katy ISD schools.  My clients said it was about 1-2 days away from being listed. The potential  buyer said she would be back early the next morning with her Realtor and she flat said she was going to buy the home. I was going to go with my boss to put out the sign and put flyers in attached container on the side when it was ready to on on MLS. I got a call that said we were in super speed motion as it appeared we already had a buyer lined up. Again I was totally amazed. The home was really sold without going on MLS but the system of course showed otherwise.

 

Closing of both homes went super smooth and buyers/sellers actually all became friends. Today I sit back in amazement as I will never see another deal go that smooth again. There was a lot more to this long winded story  but I will stop here. I wish I still had pictures of the home my client bought but two hard drives blowups in back to back year did away with those pictures. It was actually almost fun to be involved but since I was brand new I was nervous. I guess I was just very lucky and the Good Lord was looking out for me.



My First Real Estate Experience in Katy - Perfectly Smooth Deal

Posted by

© 2016 Bob Gilbert Real Estate

 

Accredited Luxury Home Specialist

 

Note: Katy TX is about 25 -30 miles due West of downtown Houston TX.

 

If you have any questions about Katy Homes for Sale or Katy Homes for Rent in the Katy Texas and/or Sugar Land TX, and/or Cypress TX and/or other surrounding areas, contact me via my cell: 281-904-6772 or via Email:

 

 

 bobgilbert2003@msn.com or bob@bobgilbert.com

or visit me on my web site at

 

http://www.katyhomefinder.com

or visit me on Google plus

and FaceBook at https://www.facebook.com/bobgilberttx

 

Scan me with your smartphone to bookmark
our mobile website at http://katytx.realbird.com

 

 

 

 

 

 

 

 

 

 

 

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© 2007- 2016 Bob Gilbert 

 

 

 

 

 

 

 

 

 

 

 

  

       

                      

 

 

 

 

 

 

 



Comments (11)

Yolanda Cordova-Gilbert
Richmond, TX

Bob,

 You were indeed lucky! There are some buyers that are friends for life. I hope you are having a good day!

Apr 22, 2014 06:35 AM
Tony & Darcy Cannon
Aubrey and Associates Realty - Layton, UT
The C Team

Bob, That is a great experience, don't you wish they were all that quick and easy! Have a great night!

Apr 22, 2014 10:50 AM
Roy Kelley
Retired - Gaithersburg, MD

Thanks, Bob, for sharing your experience and your memories of the learning process.

Have a most productive spring!

Apr 23, 2014 12:12 AM
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Bob Gilbert, it sounds like you have earned lots of experiences in your time as a Real Estate Agent. Keep up the good work, as you continue to serve Katy, Texas!

Apr 23, 2014 01:49 AM
Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy and afternoon Bob

Bob my friend, I sure did enjoy reading about the mighty fine first Real Estate Deals you were such a mighty big part of, and a big part of the lives of the fine folks involved in both of the transactions.

Happiness sure is Homemade
Have a good one
Dale in New Hampshire

Apr 23, 2014 04:42 AM
Debb Janes
Nature As Neighbors - Camas, WA
Put My Love of Nature At Work for You

The stars were aligned right, Bob? Good for you and I'm sure your clients are grateful, regardless. Have a great day. D

Apr 23, 2014 06:00 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Bob, It would be nice if we all had such a great first experience. It speaks volumes that the buyers and sellers became friends.

Apr 24, 2014 12:56 PM
Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy and evening Bob

Bob my friend, you do such an outstanding job for the folks which you work along side of.

Happiness sure is Homemade
Have a good one
Dale in New Hampshire

Apr 30, 2014 08:41 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

That's a great story.  I know most new agents would probably do the same, delay the writing of the offer.  But those of us who have been in the business take every opportunity when it knocks.  

Apr 30, 2014 09:25 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Bob I am a firm believer "luck" is the residue of good effort and often like attracts like...Endre

May 04, 2014 01:38 PM
Baker Home Inspection and Commercial Properties Inspections
Baker Residential and Commercial Properties Inspections - Springfield, VT
Home and Commercial Properties Inspections Vermont

Howdy there Bob my friend, I sure know that not only the mighty fine members of this here site, but also the mighty fine non-members of the site sure can always enjoy visiting your blog and enjoy finding and reading all kinds of helpful information. Your outstanding blog sure is for folks of all ages, which the info inside sure will help them in someway or another. This here blog post sure is one of those, which folks sure do appreciate you for posting for them to come along. Folks if you happen to be needing help with Real Estate, then you sure do want to be sure an take the time to talk with Bob and when you do, you'll sure find that he is the one which you will want to enjoy working along side of.

May 11, 2014 10:59 PM