You Can't Fly The Plane In Panic Mode

By
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291
https://activerain.com/droplet/5gpm

 

You can't fly the plane in panic mode.

 How to relate this to real estate?

How many transactions an agent does IS important. Each time a buyer or seller purchases and goes to closing... is like taking a college course for the agent. Each transaction is a chance to learn.

The more you list the more you sell the more proficient you become.

So just like flying... the more landings and takeoffs that you do...the better pilot one becomes.

You don't learn much from a perfectly smooth landing

or

from a  perfectly smooth cash settlement.

 

Each bump or bit of turbulence...gives the opportunity to solve another challenge.

 

 

Anyone see the movie, Sully? Check out this quote:

 "This was dual engine loss at 2,800 feet followed by an immediate water landing with 155 souls on board. No one has ever trained for an incident like that."

 

Of course, these real estate bumps are all insignificant compared to what Sully accomplished. This is for December's AR challenge.

 

My recent settlement was 30 days from the contract and there were some behind the scenes challenges. Here are a few.

-The buyer used restricted stock as qualifying income...who knew? 

-The purchaser, under primary residence guidelines, was able to use conventional financing to buy for his parents, get great rates and minimal down payment...who knew?

-An under appraisal was not such a big deal...who knew?

-You can get a property closed with no electricity if you have the right team... who knew?

-Out of state lenders don't usually deal with ground rents. This lender knew.

 

It was an awesome transaction with quite a few bumps that were smoothed with knowledge, patience, persistence, great professionals, buyers, and sellers. Thanks to the dedication, kindness, and expertise of each and everyone.

Love this amazing Real Estate profession!

 

Margaret Rome

 

 

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Topic:
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Groups:
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Cosmic Cow Pie...The Rome Way
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Tags:
homerome
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you cant fly a plane in panic mode
the more transactions the more proficiency
the more take offs and landings the better the pilot
turbulence and bumps

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Rainmaker
2,040,441
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

Excellent message here Margaret. Your clients were lucky to have you on their side.

Dec 04, 2018 04:43 AM #54
Rainmaker
470,288
Terry McCarley
REMAX Realty Team - Cape Coral FL - Cape Coral, FL
REALTOR, SRES, CDPE - Cape Coral, FL

Great post and very true!  I have had a pretty rough year so have spent a great deal of time in panic mode.  Working very hard to over come it

Dec 04, 2018 05:20 AM #55
Rainmaker
3,630,782
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Margaret Rome, Baltimore Maryland ,

What a fantastic entry into the December contest! I'm glad to see it featured! It takes a village working together..that's what true professionals do!!

Dec 04, 2018 05:55 AM #56
Rainer
83,132
Brian DeYoung
Howard Hanna Real Estate Services - Ithaca, NY
Brian DeYoung

Great analogy.
I plan to use that

Dec 04, 2018 07:38 AM #57
Rainmaker
914,848
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Poor planning and lousy anticipation of issues does not constitute panic on my part....

Dec 04, 2018 09:10 AM #58
Rainmaker
468,513
Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Experience Agent in Kansas City Metro area

We learn from every crisis and problem.  All issues get resolved one way or another.

Dec 04, 2018 09:34 AM #59
Rainmaker
261,585
Barbara Le Pine
Advantage Real Estate, serving Lincoln County - Newport, OR
Your agent for the Central Oregon Coast!

Margaret,

My two cents.....A good takeoff (well written offer) does not guarantee a smooth landing, but it certainly helps keep the plane in the air. Unforseen issues, (a Twilight Zone monster on the wing), can happen at any point. 

Excellent and well written post, congrats on the feature!

Dec 04, 2018 12:43 PM #60
Rainmaker
68,518
Elizabeth Y. Foulds
Long & Foster Real Estate - Saint Michaels, MD
Your St Michaels Realtor

Excellent analogy and so true.  We are learning all the time as well as being psychologists.   

Dec 04, 2018 12:48 PM #61
Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Elizabeth Y. Foulds We are learning while doing lots of psychology 

Dec 04, 2018 07:13 PM #62
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Barbara Le Pine This is my favorite comment. Love your analogy.

Dec 04, 2018 07:13 PM #63
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Oh Mary Hutchison, SRES, ABR One way or another...for sure.

Dec 04, 2018 07:15 PM #64
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
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Sam Shueh I am sure you wouldn't panic no matter who was at fault.

Dec 04, 2018 07:16 PM #65
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Margaret Rome, Baltimore Maryland
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Use away Brian DeYoung 

Dec 04, 2018 07:17 PM #66
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
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Dorie Dillard CRS GRI ABR   For sure.....that's what true professionals do!!

Dec 04, 2018 07:18 PM #67
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
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Terry McCarley Please let us know how we can help.

Dec 04, 2018 07:19 PM #68
Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Sharon Tara Love your picture!

Dec 04, 2018 07:20 PM #69
Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Dennis J. Zisa & Associates, Inc. Always something new to learn.

Dec 04, 2018 07:21 PM #70
Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Lottie Kendall So much to learn with each transaction.

Dec 04, 2018 07:21 PM #71
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Oh, I LOVE this, Margaret! Well-written, great analogy too!

I thrive on thinking ahead so there is never a time of panic. It ALWAYS helps to have a Plan-B, C AND D!

Dec 04, 2018 10:12 PM #72
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Debe Maxwell, CRS I think our nursing training was good preparation!

Dec 06, 2018 07:43 PM #73
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