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A 50/50 chance...

By
Real Estate Broker/Owner with WHISPERING PINES REALTY 20398180

Have you ever noticed that when you have a 50/50 chance

your guess will be wrong about 75% of the time?

If we have a 50% chance of rain and you have a party, it

is likely to be a 75% chance it will rain.

OR...if you need the rain you will have  a 75% chance it will not rain.

 

So, what is the point?

Playing the guessing game with Real Estate is not a scientific process.

We check out the known and do our best to be 100% right.

Will we be?

Most likely not 100%, but it will be much better than 50/50.

 

 

WE have about a 50% chance of rain later tonight...I am betting on the 75% myself!

 

Comments (13)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

You make an excellent point, William.  Somethings we certainly shouldn't make a guessing game out of.

Sep 19, 2018 05:22 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I always say, wouldn't it be nice to be a metoriologist? You can be wrong 50% of the time and still keep your job!

Happy Wednesday, William!

Sep 19, 2018 06:03 PM
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

William Feela looking at that photo, I think you are safe with a 100% bet on rain in your area tonight!

Sep 19, 2018 06:39 PM
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Love this post, William Feela !  Plan on being wrong and when you are right, it is added blessing!

Sep 19, 2018 09:13 PM
James Dray
Fathom Realty - Bentonville, AR

Morning William.

When I watch the local forecast the weather man/woman have a 50/50 chance on getting it right, they usually do not. Pity

Sep 20, 2018 02:10 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning William.  I think this 50/50 rule holds true for those that predict what will happen in the real estate industry as well.

Sep 20, 2018 05:34 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning William. Interesting analysis of the odds! Enjoy your day!

Sep 20, 2018 05:48 AM
Vern Eaton
Askov, MN
Realtor 651-674-7449

If I have 50-50 odds, there is no way  I will be right or win.   It will be more like 10-90

Sep 20, 2018 06:09 AM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning William. If that is a picture by you I would tend to agree.

Sep 20, 2018 11:17 AM
William Feela

Yes it is.

Sep 20, 2018 02:01 PM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Wow William Feela  I am with you think it is going to rain

Sep 20, 2018 04:18 PM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

We got the rain around Noon William Feela so it's heading your way. We really need it as we are about 5" below normal for the year.

Sep 20, 2018 05:22 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

It helps when we use our knowledge and experience to help make that decision. That increases the chances.

Sep 21, 2018 07:31 PM
JL Boney, III
Coldwell Banker - Columbia, SC
Columbia, SC Real Estate

Usually when my clients listen we do a little better than the 50/50 shot.

Sep 22, 2018 09:17 AM