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How I Made $100,000 By "Wasting" An Afternoon

By
Real Estate Agent with Karen Parsons-Fiddler, Broker 949-510-2395 BRE# 01494165

How I Made $100,000 By "Wasting" An Afternoon

 

3 years ago I "wasted" an afternoon. (At least that's what many real estate agents would think.) I took out a young couple who had not talked to a lender....did not have a prequal...had no idea what they could afford. Frankly, they were not ready to buy at all.

It was a waste of an afternoon!

Or was it?

We spent the afternoon looking at a few homes and talking about the home buying process. After a couple of hours, they had a solid understanding of the process and the costs of buying a home. I sent them away with a few homes on their mind and the number of my lender. The next day, they called to tell me they were not quite qualified to buy, but now they had a good plan and they would call me when they were ready.

Waste of an afternoon. Right?

A week or so later, I received a call from his father. Thanking me for my time with the "kids" and for helping them understand the process. He said they were very focused and he appreciated that. "Did I also handle listings?"

Yes...I listed the parents' home a few months later, and sold it.

A year later, I received a call from one of the couple's friends. Also a first time home buyer. This young woman was qualified, but nervous about buying. My young couple (who I "wasted" time with) suggested she call me because I made the process seem so easy.

I helped this young woman buy her first home.

Last week, I also closed on the beautiful new home for the original couple. You see they planned well and were eventually able to buy a nice house. They paid off some debt and also saved more money. The home is perfect for them....and the new member on the way. :)

Did I "waste" that afternoon 3 years ago? Only if the only thing I wanted was a "deal" that afternoon. If it's not about instant sales and it really is about customer service...then I've been more than financially rewarded for that afternoon. 

 

Comments(107)

Robert Vegas Bob Swetz
Las Vegas, NV

Hello Karen ... love your story and thanks for sharing

Nov 14, 2014 05:02 AM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Hi, Karen!  You can find this post on today's "Last Week's Favorites".

Nov 16, 2014 12:39 AM
Gay E. Rosen
Julia B. Fee Sotheby's International Realty - Larchmont, NY
As Real as Real Estate Gets!

Karen - Well what a wonderful 'waste' of time! You did everything right and it  has really paid off!

Nov 16, 2014 01:01 AM
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Karen: Good for you. Sometimes, we have to view the time we spend with people who don't immediately buy as an investment with a potential for a return sometime later, or never at all. You lucked out.

Nov 16, 2014 01:59 AM
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Karen: What a great story and it needed to be told. If we all had this type of contact with the public, maybe real estate agents would have a better rep.

Nov 16, 2014 04:13 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Karen - you did a Zig Ziglar say.  You helped people get what they wanted and you ended up getting what you wanted.

Nov 16, 2014 04:45 AM
Jayne Esposito
Coldwell Banker - Morgan Hill, CA
SRES, GREEN

I LOVE this post!!  I have made a lot of money by "wasting" time myself!!  I don't believe anything is a waste of time...the worst that could happen is you make a mistake you can learn from, and the best that can happen is your story!

Nov 16, 2014 05:02 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Karen,

A generous and visionary spirit never goes unrewarded, you have proven that.  The theory of Quantum physics clearly states that there is no waste in the universe.  You understand the vision.  A

Nov 16, 2014 05:03 AM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Karen, a good experience here but that is not always the case as many agents can attest to...perhaps your gut or ouija board gave you the right answer...lol...excellent gut is all I can say!

Nov 16, 2014 05:34 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

What a wonderful story - obviously there was nothing wasteful about your day!

Nov 16, 2014 06:10 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

See, there is still hope! I never burn a bridge, I also try to build them Karen Fiddler, Broker/Realtor 

Nov 16, 2014 07:16 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

I suppose if you have the time and they seem pleasant enough why not offer some assistance. In this  case it offered a lot of referrals

Nov 16, 2014 07:51 AM
June Piper-Brandon
Coldwell Banker Realty - Columbia, MD
Creating Generational Wealth Through Homeownership

Every person you meet is a potential client or future client or a referral source.  

Nov 16, 2014 08:55 AM
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Karen, good for you, a little good will on your part can pay big dividends in the long run.

Nov 16, 2014 09:14 AM
Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

Great story Karen. When we take care of others and do the right things, good things will always come back to us!

Nov 16, 2014 10:57 AM
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Karen, I love following a trail of transactions that began with one satisfied client. Congratulations on many jobs well done!

Nov 16, 2014 12:24 PM
Evelyn Kennedy
Alain Pinel Realtors - Alameda, CA
Alameda, Real Estate, Alameda, CA

Karen:

Its takes patience and the ability to explain in easy to understand language the ins and outs of a real estate transaction.  Spending time with future buyers is never a waste of time.

Nov 17, 2014 11:45 AM
Petra Barbezat
Keller Williams Real Estate

I love this post!  Never judge a book by it's cover - every new client is an investment in your future business.

Nov 20, 2014 05:13 AM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

I missed your post the first time around, Karen -- glad I didn't today. A successful business is built around relationships. Happy Thanksgiving to you and your family.

Nov 27, 2014 01:05 AM
Kaye Swain
Keller Williams Real Estate Roseville CA - Roseville, CA
Your Roseville Real Estate Agent

GREAT article and GREAT POINT :) 

Jul 09, 2015 09:08 AM