Hurricanes are Like Real Estate

By
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291

Hurricanes are Like Real Estate

Real Estate is Like a Hurricane! How so you might ask?

 

Hurricane

 

You have to be prepared for the worst and hope for the best..it can't be the other way around. When taking a listing, sellers need to be prepared for the various stages of the transaction. The house has to be assessed for repairs, upgrades and unnecessary items removed. It has to be ready for showing.

Counseling needs to be done at this time regarding the stress of the move.  Are you 100 percent sure  you want to sell? 

What if it sells in a week...where will you go? What if it doesn't sell for six months...will your plans change? When it does sell are you prepared to  say goodbye?  

I have found in my careers of nursing, art, and real estate that when speaking to people with depression, there was some kind of tragedy that happened 18 months to 24 months prior.

Moving may not be a tragedy but it is a major life change. You have to be aware of the stress associated with a move. 

 

You have to be prepared to show the house, sometimes with little or no notice. Then you have to be prepared for showings and no feedback or no showings for a week or buyers who return numerous times but then disappear without an offer. 

 

You have to be prepared for the negotiations of an offer which is not just about price. Can you live with the terms? Can you live with the conditions? Even after the contract is ratified, there are more hurdles. What if it does not appraise, what if the buyers cannot get their loan, what about the 27 minor requests on the home inspection report?    Again more stress!

 

Can you  see how Real Estate is Like a Hurricane?  You have to be prepared for the worst and hope for the best..it can't be the other way around.

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To search the MLS  either to buy a home or to keep an eye on your own neighborhood, I have made it easy to sign up and search the Multiple List System for All Active Maryland ListingsIt is...Like Having Your Own Electronic Agent! You can find all the active listings in Maryland plus the five surrounding states. Try it... a Free Service From HomeRomeSearch the MLS just like Realtors®  Click to search All Active Maryland Listings You can narrow the search down to number of bedrooms, lot size, price range, zip code, etc. Be sure to sign up with your email address to ensure daily updates of properties. These emails will include photos, address and price of the listed homes.  This is a free service to make finding your special  home easier.

 

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I am available to answer any questions or concerns. mrome@HomeRome.com 410-530-2400

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Praful Thakkar 08/28/2011 03:04 PM
Topic:
ActiveRain Community
Location:
Maryland Baltimore City
Groups:
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Club Chaos
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Tags:
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Rainmaker
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Lora "Leah" Stern 914-772-4528
Coldwell Banker, 170 N Main Street, New City NY 10956 - New City, NY
Real Estate Salesperson

Margaret, I wouldn't have thought there was anything at all in about realestate that was like hurricanes, but your suggestion of "being prepared for the worst and hoping for the best" certainly works for realestate as well as almost anything in life.

Aug 27, 2011 06:26 PM #1
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Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495

Margaret,

You draw some accurate analogies.  Great job tying the subject matter to current events!

Mike in Tucson

Aug 27, 2011 10:58 PM #2
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Margaret....we're just experiencing some wind now....we'll have a long day today and hopefully won't lose power.....that's the worst part....

Aug 27, 2011 11:47 PM #3
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Richard Weisser
Richard Weisser Realty - Newnan, GA
Richard Weisser Retired Real Estate Professional

Hi Margaret...

Real estate really is like standing in the middle of the tempest ... nice analogy. I hope that all of my friends and family in the path of the storm fare well.

Aug 28, 2011 01:25 AM #4
Rainmaker
1,036,503
Kathy Clulow
RE/MAX All-Stars Realty Inc. Brokerage - Uxbridge, ON
Trusted For Experience - Respected For Results

Margaret -  great analogy ..... there is much about the weather that is similiar to real estate or terms that we use in real estate or that affects real estate.

Aug 28, 2011 04:34 AM #5
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

We lost power about 5:30 AM..our generator did not work. Waiting for contractor to try and get it started. I'm in the car charging my cell phone. Lot's of debris and downed trees all over...more later... when power is resumed!

Aug 28, 2011 05:11 AM #6
Rainer
478,183
Not a real person
San Diego, CA

You could probably say that hurricanes are also like some home inspectors, full of wind.... LOL

Aug 28, 2011 08:14 AM #7
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Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

I liked Russel's comment.  And, I hope you are okay, and it sounds as if you weathered the storm in pretty good shape.  Just get that generator started!

Aug 28, 2011 11:26 AM #8
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Russell, Some inspectors might be... but not you!

Suzanne, Generator is now working. Fingers crossed to keep it that way.

Aug 28, 2011 12:18 PM #9
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Margaret, you always have something great, something new! Nobody would have ever thought of this. And what a comparision!

Though we were lucky here in Massachusetts as compared to most of the East Coast.

Aug 28, 2011 03:02 PM #10
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Praful, Glad you like the comparrison and thanks for taking time to reblog. You are so darn special1

 

Aug 28, 2011 03:10 PM #11
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Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

This is so true...be prepared for the worst and hope for the best. Hope you are faring well.

Aug 28, 2011 03:11 PM #12
Rainmaker
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Gail C. Harris
Resource Network, LLC SFR, AHWD, ACRE, SMAR Board Director - Chesapeake Beach, MD
Reach the BEACH with Gail C. Harris (cell: 703.868

Your post and your comparison of Real Estate to Irene was very interesting.  I do hope you and Lee are doing okay up there.  I heard the Balmer area had some outages.  We just got our power back.  :) Talk with you soon. :) Gail

Aug 28, 2011 05:31 PM #13
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Tammie, Thanks for stopping by.

Gail, Our neighborhood has been without power for over 24 hours. Very fortunate...our generator is working.

Let's talk soon..it's been way too long.

Aug 28, 2011 11:15 PM #14
Rainmaker
2,742,370
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Another gem! Thank you!!!

 

Leah,

You are very right -- life can "rock you like a hurricane"

 

Blessings to everyone,

Laura

Aug 29, 2011 04:58 PM #15
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Laura, Need to be prepared for the worst. Thanks for stopping by.

Aug 29, 2011 05:16 PM #16
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