On The Importance of Compromise

By
Real Estate Agent with Coldwell Banker Residential Brokerage CalBRE #01165532
http://actvra.in/4TrY

On The Importance of Compromise

 

Compromise Is Important in Real Estate

 

Despite the timing, this post has nothing to do with politics.  

 

It is about real estate.   

 

But, let’s start with the basics.  From Merriam-Webster comes this simple definition of compromise:   

 

  • a way of reaching agreement in which each person or group gives up something that was wanted in order to end an argument or dispute

 

  • Something that combines qualities of two different things

 

  • A change that makes something worse and that is not done for a good reason

 

Yikes, that’s the simple definition?  Number three sounds downright horrible.   Number one is better and two sounds pretty good. Let me continue on this road of discovery....

 

I love a good quote and found these on compromise --- believe me I had to sift through a lot to find these:

 

They say it is better to be poor and happy than rich and miserable, but how about a compromise like moderately rich and just moody?

Princess Diana

 

Don't compromise yourself. You are all you've got.

Janis Joplin

 

A lean compromise is better than a fat lawsuit.

George Herbert

 

Compromise in Real Estate

 

Okay, I might be getting a little closer.  Some humor always help but I’m still not quite feeling warm and fuzzy with compromise.   How about you?

 

But let’s face it.  It’s something we need to expect when working with buyers(and sellers) too in real estate.

 

The element of compromise is a part of real estate.  That word -- spoken or not -- is a part of the transaction.

 

My suggestion -- get used to it.  Don’t give up on the things that are so important but be realistic about the outcome.   Or maybe I need to use a another word....Suggestions?

 

Looking to buy or sell real estate in Pasadena or any of the San Gabriel Valley and NorthEast Los Angeles communities, contact me at 818.516.4393 cell.  Let’s discuss what’s important to you.

 

Published: July 21, 2016


On The Importance of Compromise

 

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Re-Blogged 5 times:

Re-Blogged By Re-Blogged At
  1. JM Padron, CCIM, MRICS 07/20/2016 08:46 PM
  2. Barbara Todaro 07/20/2016 10:07 PM
  3. Laura Cerrano 07/21/2016 04:53 AM
  4. Tony and Suzanne Marriott, Associate Brokers 07/21/2016 10:46 PM
  5. Winston Heverly 09/15/2016 01:04 PM
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Rainmaker
2,331,265
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - Probate Broker

Michael, Compromise is a good thing.  I had to compromise some very hard earned commission the other day in order to hold a transaction together ... buying time for my buyer client.  That compromise was not a good thing for me however it was the right thing ... and a good compromise for my client. Some would call it "taking one for the team" ... others would call it something else 

Jul 22, 2016 02:19 AM #74
Rainmaker
2,331,265
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - Probate Broker

CONGRATULATIONS on reaching 2 MILLION Points.   Let's all celebrate Michael Jacobs from Pasadena, California!

Jul 22, 2016 02:21 AM #75
Rainmaker
798,675
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Great post!  I love Diana's.  Made the most sentse to me.  And congrats on your 2 million mark!  

They say it is better to be poor and happy than rich and miserable, but how about a compromise like moderately rich and just moody?

Princess Diana

 

Jul 22, 2016 02:54 AM #76
Rainmaker
1,065,051
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Compromise can be a start, Michael Jacobs ... I always feel the fine-tuning can come later.  Get your foot in the door and start some momentum ...

Congrats on the 2 Million Milestone!

Gene

Jul 22, 2016 02:55 AM #77
Rainer
17,424
Jonathan Denwood
Mail-Right - Reno, NV
Real Estate Services

I love this post it so true!

Jul 22, 2016 04:48 AM #78
Rainmaker
2,609,866
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Thanks very much for stopping by and your comments.  

Jul 22, 2016 07:18 AM #79
Rainmaker
1,809,145
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Some things should not be compromised in real estate, such a fire door to the garage, for example! Hey, congrats on your feature and all those glorious points. Don't take any wooden nickels now.

Jul 22, 2016 09:58 AM #80
Rainmaker
382,792
Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Specializing in Brookside, Waldo, Prairie Village

Of course compromise is important...the deal always works out best, with both parties happy, if everyone gives a bit. It is those transactions when one side refuses to compromise that leave a sour taste after the deal is done.

Jul 23, 2016 04:35 AM #81
Ambassador
2,114,571
Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Hello Michael and congrats on hitting 2 million at the ActiveRain network 

Jul 23, 2016 03:35 PM #82
Ambassador
3,594,597
Patricia Kennedy
Evers & Company Real Estate, Inc. - Washington, DC
For Your Home in the Capital

Hi, Michael!  Your post is on this morning's list - Last Week's Favorites on ActiveRain: July 17th - 23rd.  Hope you enjoy the rest of your weekend!

Jul 24, 2016 12:21 AM #83
Rainmaker
2,411,331
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

I can see why Patricia chose your post to highlight this week...well done!

Jul 24, 2016 12:35 AM #84
Rainmaker
1,281,700
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
your real estate writer

We have such a strange language - with words like "compromise" that can be either a positive or a negative. 

Let's ignore the negative. I don't think anyone here wants to compromise their ideals or their ethics or anything else. 

So on the positive side, my trusty thesaurus says nice things like "find the middle ground," "find a happy medium," and "agree." A broker I once worked for called it "Coming to a meeting of the minds." 

Some of the others were, I thought, somewhere in that gray area between positive and negative. For instance: make concessions, trade off, bargain, and accomodate.

So often in real estate, compromise is necessary. That said, I think it would be wise for agents to present it to their clients in words that convey only the positive vibrations. 

Jul 24, 2016 04:41 AM #85
Rainmaker
836,500
Les & Sarah Oswald
Eastvale Team Realty & Property Mgmt - Eastvale, CA
Broker, Realtor and Investor

Congratulations on your latest milestone....Job well done!

In real estate, it is always a give and take of suggestions. 

However..."Don't compromise yourself. You are all you've got."

Janis Joplin

Jul 24, 2016 08:01 PM #86
Rainer
207,655
Gary Bellinger
EXIT® Realty Partners - Southbridge, MA
Esq., REALTOR® - Retired

My objective in negotiations is to try to make the outcome a win-win for both parties. Most often, that's not what my clients want. They want to come out on top at any cost. Even if they lose the deal. Getting them to understand otherwise is one of my greatest challenges as an agent/broker. There are many agents who use a tagline that reads something like 'I'll get you the most money for your home.' Nobody really knows what that means anyway, but it does set the wrong tone for the sales process, I think. It can begin with sellers thinking that they should pad their already inflated sense of home value even higher. Then it carries through to the negotiations with potential buyers where the seller stubbornly won't consider getting the sale price down to market value and the talks die. The process is repeated, the home doesn't get sold within the period of the listing contract, and the agent gets fired for incompetence. That's when the light bulb finally goes off for the seller and the next agent has a somewhat better experience working with them.

Jul 25, 2016 12:08 AM #87
Rainmaker
2,609,866
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Thank you, Pat Patricia Kennedy for including my post among your weekly favorites for the week.  I appreciate it very much.    

Jul 25, 2016 08:47 AM #88
Rainmaker
2,609,866
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Marte Cliff - I agree that the interpretations of words like "compromise" can be seen as strange and set off a lot of emotions.   In most areas of life and real estate,  truth is often revealed in those gray areas

Jul 25, 2016 08:51 AM #89
Rainmaker
606,352
Lauren Selinsky Broker CRS
California Coastal Estates - Aliso Viejo, CA
"Your California Real Estate Broker" TM #oclauren

If my husband round compromise ;)

ls

Jul 26, 2016 05:00 PM #90
Rainmaker
534,656
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Michael, Congrats on the Milestone and it seems we need compromise more than ever in politics these days.

Jul 27, 2016 08:38 AM #91
Rainmaker
2,609,866
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Thanks Lauren Selinsky CRS ePro and Kimo Stowell.

Jul 27, 2016 08:47 AM #92
Rainmaker
606,352
Lauren Selinsky Broker CRS
California Coastal Estates - Aliso Viejo, CA
"Your California Real Estate Broker" TM #oclauren

If I could just get my husband to compromise !!! 

Lauren Selinsky 

Jul 27, 2016 04:39 PM #94
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