Real Estate is like Reality TV. You never know if you are going to get Jerry Springer or One Life to Live

It does not matter if you are selling a high-end piece of real estate or a lower priced home. Real Estate will offer you the drama and the twists and turns that can stand up to any Reality TV program. I suppose the reason is that people are very emotionally complex and are subtly effected by so many things from the state of the economy to our favorite sporting team performance.  And buying a home has been rated one of the most stressful times in a person's life (up there with loss of a loved one and loss of job). I think that most Realtors would agree that even the sweetest most balanced of individuals can transform from Jekyll to Hide during a real estate transaction. (Realtors included !!)  

When these dramas come (and believe me they will) we have found that it is important not to become just another character in the drama.  

Some things that work Some things that work

remain calm

wear the shoes of both parties

it is never a matter of right and wrong

good will and generosity is a great negotiating tool

never step over dollars to pick up dimes

admit when you are wrong  

 

Some things that do not work Some things that do not work

bullying

losing you temper

blaming and finger-pointing

greed

manipulating the truth

not listening  

The list goes on. I am sure you can think of may more things that work and things that do not work when it comes to working a deal and solving the dramas that can and do pop up pre and post settlement.   I do not think it matters how many settlement tables you have been to and how many years you have been in the business. Every sale and every deal has it's own story.

What is your most recent story ?  Jerry Springer or One Life to Live ?

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43 Comments on Is real estate like Reality TV ?

20 Most Recent Comments Displayed Show All

OCT
06
2008

"Good will and generosity"--I like this. I think this is essentail for any business success. I hate a comppany that always wants to take people to court.

7:49am • #24
377,492 Points 2 Featured Posts Outside Blog Attended Rain Camp

Lately, my transactions have been really smooth. My last closing, in September was contract to close in 8 days! It was fabulous! I love it when a plan comes together.

7:50am • #25
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Carole and Kristen - Thanks !  I guess we were just "on" over the weekend !! : )

Jeff - I hear you.  That is the main reason that we love being in the profession is that every day is different.  Every deal is different.  We learn something on every deal as well.  Good luck on the land loan - you have a great attitude about it - that is the key ! 

Bonita - You are right !  Having a clear head and taking a moment is critical during those intense and/or emotional moments.

Above All - Thanks ! 

Cristal - It is crazy out there.  There is so much that happens to all of us on a daily and weekly basis.  The trick I think is to just have a good attitude as we go through it and help our clients navigate through their stressors and worries as well.

 

7:58am • #26
288,781 Points 38 Featured Posts Outside Blog

"never step over dollars to pick up dimes" - - - I never heard this one - i like it.  As far as your topic, there is something wondeful about a quiet confidence.  Often remaining very calm makes another bully agent look like a stupid jerk.  It ends up being a GREAT time haha.

8:31am • #27
865,595 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

I would suggest group therapy (lol)!  It is incredible how emotional buying and selling can become.  It certainly is good to have a tool box so that you can maintain calm and balance.  Looking to make the transaction a win win vs. a battle is the best one can hope for.

9:39am • #28

Thanks for the great post. No two transactions are ever the same & I still learn something new with every transaction I have. 

9:46am • #29
113,561 Points Localism Sponsor

I loved your post, but Ed's comment made me laugh out loud.  I don't think I've ever heard another agent admitting that they like to watch other agents put on their show.  I love doing that, it is one of my favorite pasttimes.  LOL  CE classes are good as well as the yearly Board gatherings.  Funny, funny, funny.

9:59am • #30

If I had to pick a TV show as an anology for my current situation, I would say "The Dead Zone".  I have three listings, very expensive ones, and not one showing for weeks.

10:20am • #31

I recently had a buyer who went balistic over a utility transfer problem before settlement...omg...that was interesting...after closing though she paid me the best compliment ever - she couldn't believe that I stayed calm and even keeled throughout her tyrade....that was pure satisfaction!

10:23am • #32
878,677 Points 75 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

AHHHH so true and your graphics are great:) There are so many personalities with those we deal with in Real Estate. Keeping an even keel is really important.

10:34am • #33
493,808 Points 75 Featured Posts Outside Blog Called Shot Master

Christopher and Stephanie - Good advice.  I think the Television Industry is missing the boat on what I believe would be a goldmine.  There is rarely a dull day in this gig.

11:07am • #34
162,021 Points 8 Featured Posts Outside Blog

Hi Chris & Stephanie,

The drama of it all & I love every minute of it! LOL! I have been lucky, things have been pretty normal. But it would be really good tv! :)

11:18am • #35
4 Featured Posts

Good post with practical reminders for all of us in this business.  Best wishes to your continued success!

12:53pm • #37
994,904 Points 4 Featured Posts

Defiantly Jerry Springer, I had an agent that told me the law says the buyer has the sole right to choose, title, surveyor, termite etc. regardless of who is paying. I knew it not to be true, but I let her do it as long as it isn't more expensive. But some I guess do push the limit.

1:30pm • #38
690,710 Points 84 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp

Wow !  Thanks everyone for commenting !  Tomorrow when I have a little more time (had a drama filled day !!), will get back to responding to the invidual comments.  I hope everyone had a great productive day without too much drama.  But if there was a lot of drama that you handled it well !  Is easier said than done sometimes !!!

8:59pm • #39

Hey guys...good post! (as usual) A man that my husband worked for a long time ago (mortgage business) said "Your best revenge is a paycheck". I don't know that I agree with the impersonality of that statement, but that *is* the main goal right? So if keep our eyes on the prize .......we can play nice.

9:49pm • #40
OCT
07
2008
229,420 Points 10 Featured Posts Outside Blog Hit Router

It's interesting how the lives of real estate agents has become more and more popular...  In the end, you have to be someone people WANT to work with, if you're not... then why are you in this business anyway?

3:07pm • #41
420,295 Points 13 Featured Posts Localism Sponsor Outside Blog

Nice tips....but would it not be some fun to sell to a few Springer folks to get out of the same box we are in.  I need some drama besides the stock market.  Though I did sell to a true to life wife swap of neighbors next door in $700k homes.  So, perhaps, I did get the Jerry Springer for a month or so.......but they were high tech execs and stay at home moms......maybe not their homes.....

5:48pm • #42
690,710 Points 84 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp

Diane - I welcome all negative folks to read my blog !  I think our blog might be able to jolt some positivity into anyone !

Renee - Glad you have had some smooth deals !  They are a blessing when they occur.  It is great to get a nice run of them in a row !

Huiting - Good will and generosity do go a long way !  And I have found that it comes back to me in different ways as well... whether it be referrals, good karma, or just feeling good about myself that I did a good deed : )

7:32pm • #43

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