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My First Real Estate Transaction & Lessons Learned

By
Real Estate Agent with Palm Properties FL# SL3323876

I remember my first real estate sale, as if it were yesterday. My path to a real estate career had detours along the way, including as an escrow officer and later I became an elementary school teacher. I never forgot my experiences in escrow and my unofficial duties to help agents keep their deals together, often without receiving a thank you when I handed them their commission check.

When my son was born I took a leave of absence from teaching.  While I needed to work, I only wanted to work part time until my son started school.  Remembering my experiences in escrow I decided that real estate would let me be my own boss, give me flexible hours to care for my son, and keep my own deals together from my experiences in escrow.

I was fortunate to join a brokerage in La Jolla and carefully chose a 300-home “farm” to begin my career. After my first mailing I received a phone call to interview for a listing in my farm area.  I dressed in my best suit, grabbed my new briefcase and headed to the listing appointment. Nervously, I knocked on the door and came face to face with Abe and Fanny, an elderly couple in their late 80s. They ushered me into their home filled with photos and memories of the 50+ years they had lived there. They proudly shared each room with me, highlighted their children’s accomplishments, told me animated stories of Abe’s remodeling attempts, and then disclosed their reason for moving. They said, while they weren’t slowing down, they had decided together that downsizing and relocating to a condo lifestyle would allow them more time to enjoy life.  We spent a wonderful afternoon together and they hugged me when I left.

The next day they called and said they had decided to list their home with me and invited my husband, Dan and I over to dinner. We had a great time and my husband and I spent time with them over the next Abe Drivingcouple of weeks helping them prepare their home for sale and making the needed repairs. Dan even took Abe out to practice his driving so he could get his license renewed on his 90th birthday. Dan later revealed to me that it was the scariest thing he had ever done, but by then Abe and Fanny were like family to us.

On the first day that the listing posted in the MLS, we received a full price offer subject to the appraisal. We were in a hot market and La Jolla listings didn’t last long, and Abe and Fanny were thrilled. The transaction was smooth, the appraisal came in at price, the other agent was professional and the deal closed in 30 days without a hitch.  The new family was delightful and Abe and Fanny were excited that they had sold their beloved home to a young family who would appreciate it, as much as they had.  I found Abe and Fanny a new single level condo and with the help of their family moved them into it.

It was the BEST deal I have ever done in my life. Lovely people, easy transaction, professional support, and it set the stage for the most important decision I have ever made, which was to continue my career helping people as a real estate professional.

I learned many things from this first transaction and most have continued to influence my 30-year career in real estate.  One of the unexpected benefits was the size of my commission check for the 30-day transaction. It was more than I made an entire year in teaching. Yes, an entire year teaching! Now I didn’t earn very much teaching, even with a Master’s Degree, and more often than not, I used my salary to buy classroom supplies for my class, so I didn’t take a lot home. But I realized, that my efforts, great or small, Taking a Walkwould be compensated and the more I put into my career, the more I would make. I wasn’t working for anyone else and free to be self-motivated, and the best part I was able to spend time with my son during his younger years. 

Abe and Fanny became lifelong friends until they passed, and they are in my heart forever. They say that God brings people into your life for a reason and I agree. I learned more from Abe and Fanny and their love for living life fully and having gratitude for big and small things than I ever imagined I would.  My real estate career has brought me face to face with many families over the years, but I will never forget my first real estate transaction, the amazing couple I met, the stories they shared, and the lessons I carry with me.

Posted by

SUSAN LAXSON, CRS

Premiere Plus Realty

Direct: 239.778.4984

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Comments(40)

Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The real essence of life with meaningful sharing & purpose found here thank U

Oct 10, 2016 11:48 PM
Susan Laxson CRS

Thank you Richie, your comment means a lot to me.

Oct 10, 2016 11:56 PM
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

What an invaluable first experience. You make me want to jump on the wagon and start my real estate career. It is people like Abe and Fannie that makes our career all worth while. I got tears in my eye just from reading your blog.

Oct 11, 2016 02:37 AM
Susan Laxson CRS

Thank you for your comment!

Oct 11, 2016 08:46 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Susan - what a great story.  Looks like you started off hitting the ground running.

Oct 11, 2016 03:26 AM
Susan Laxson CRS

Thanks Grant, they inspired me with their stories and wonderful ways they viewed life.

Oct 11, 2016 08:47 AM
Kathryn Acciari
Central One Federal Credit Union - Shrewsbury, MA
Mortgage Loan Originator

Susan, your story perfectly depicts what this business is truly about: Helping people. We don't sell properties, do we? We help people make a life change. Beautiful story.

Oct 11, 2016 04:38 AM
Susan Laxson CRS

Thank you Kathryn and yes, it is about the people we meet in our business.

Oct 11, 2016 08:47 AM
Lacy Rasmussen
Rogers Red Rock Properties - Hurricane, UT

Thank you for sharing your story

Oct 11, 2016 05:15 AM
Jeanne Gregory
RE/MAX Southwest - Sugar Land, TX
The most important home I sell is YOURS!

Great story.  Sad that teachers get paid so little. 

Oct 11, 2016 06:56 AM
Susan Laxson CRS

Thank you Jeanne, and that is so true and over the years I have donated supplies and funds to schools to help the teachers who can't afford to use their salaries to supplement their classrooms. Teaching is a labor of love and society should appreciate teachers and what they do far more than it seems.

Oct 11, 2016 08:50 AM
Brian Rugg
Rugg Realty LLC Sun City Texas 512-818-6700 - Georgetown, TX
Sun City TX Real Estate - Georgetown, TX Real Est

All I can say is that teachers make way too little.  Glad you made the switch and are good at it.

Oct 11, 2016 12:47 PM
Susan Laxson CRS

Thank you Brian!

Oct 12, 2016 12:55 AM
Anne Corbin
Long and Foster - Lake Anna - Spotsylvania, VA
Serving Lake Anna & Central Virginia

Quite lovely, that story of yours! My first transaction was my own home and I had a demanding buyer who hired a settlement company that left a bitter taste in my mouth! My second sale was a listing for a friend who lost her uncle. That transaction went much better, thankfully!

Oct 11, 2016 02:13 PM
Susan Laxson CRS

Thank you Anne and fortunately your second sale went better and you continued with your career in real estate!

Oct 12, 2016 12:56 AM
Terry McCarley
Coastal Real Estate - Cape Coral FL - Cape Coral, FL
REALTOR, SRES, CDPE - Cape Coral, FL

What a beautiful story! It literally brought tears to my eyes reading it.  It's amazing how many of my clients have turned into lifetime friends and I appreciate each and everyone of them

Oct 11, 2016 09:31 PM
Susan Laxson CRS

Thank you Terry and I too feel blessed with the friends I have made from my career.

Oct 12, 2016 12:57 AM
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By Real - Alexandria, VA
Alexandria Virginia Homes For Sale

Susan, such a wonderful story and I know you will never forget Abe and Fanny. I wish they were all like this.

Oct 11, 2016 11:29 PM
Susan Laxson CRS

Me too Amanda! Thank you for your comment!

Oct 12, 2016 12:57 AM
Tom Udvance
Compass - Arlington Heights, IL
North and NW Suburban Chicagoland Broker

Susan, excellent story! It's great with how helpful you were to them and how appreciative they were to you. What may start out as a business transaction can turn into a lifetime friendship.

Oct 12, 2016 02:06 AM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Great story & you are not the only teacher I know that went into real estate. My entire office is full of them.

Oct 12, 2016 06:35 AM
Teresa Hernandez
Keyes Company - Snapper Creek, FL
A Tradition of Trust

AMEN!! That is a great story. I just got my license and signed on with The Keyes Company in South Florida and I pray all my clients are like Abe and Fanny.

Oct 12, 2016 08:41 AM
Theresa Akin
CORPUS CHRISTI REALTY GROUP - Corpus Christi, TX

Great story. You certainly earned and got more than your commission. Something you really can't put a price on.

Oct 12, 2016 09:26 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Susan

What a wonderful story about your first listing.It is those types of transactions and relationships that make this business so rewarding - we often become such a big part of people's lives, don't we? Thank you for sharing this marvelous memory!

Jeff

Oct 12, 2016 10:45 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Susan Laxson CRS - beautiful story.

And I'd consider this as one of the best beginning in this career.

Oct 13, 2016 02:56 PM
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

Your experience with Abe & Fanny was such a blessing. Happy it worked out for all parties and it inspired you to do what you love.

Oct 19, 2016 10:09 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

A great story and  true understanding  of why real estate is such a great career.  Helping people with their lives and caring as well.

Oct 21, 2016 11:25 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Oh my gosh, what a beautiful story, Susan!  I also love what you said about this being YOUR business and putting in what YOU want out of it is something that 90% of agents just don't get!  Abe & Fanny were so fortunate to have had you in their lives as all agents don't have the compassion that you do - but, what a blessing to you they were.  

Nov 01, 2016 11:58 PM
Daniel Dominguez
Realty Connect USA - Hauppauge, NY
I'm an RE agent serving Nassau & Suffolk County

What a beautiful start to your career.

May 29, 2018 08:07 PM