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:
Maryland Real Estate and Mortgage Group
Cosmic Cow Pie...The Rome Way
Bananatude
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Tags:
homerome
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beechcraft baron
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
977,198
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
493,559
Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Experienced 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
266,874
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
69,504
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
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Margaret Rome, Baltimore Maryland
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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
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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
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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
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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
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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
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Terry McCarley Please let us know how we can help.

Dec 04, 2018 07:19 PM #68
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Margaret Rome, Baltimore Maryland
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Sharon Tara Love your picture!

Dec 04, 2018 07:20 PM #69
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Margaret Rome, Baltimore Maryland
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Dennis J. Zisa & Associates, Inc. Always something new to learn.

Dec 04, 2018 07:21 PM #70
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Margaret Rome, Baltimore Maryland
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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
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Debe Maxwell, CRS I think our nursing training was good preparation!

Dec 06, 2018 07:43 PM #73
Rainmaker
964,412
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Wow!  that's some list of accomplishments in one transaction.  Good for you, and your team of professionals!  Those are also good points t ponder for the rest of us.  I'll ask my lender about the primary residence gig! 

Dec 16, 2018 06:57 PM #74
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Margaret Rome, Baltimore Maryland
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Jan Green Love to hear what your lender has to say. So good to see you.

Dec 16, 2018 07:06 PM #75
Rainer
5,625
Christopher James
Supercheap Storage (Brisbane North) (Brisbane North) Pty Ltd - Flovilla, GA

I think this concept can be applied not only to the property sector but to our everyday lives as well. We learn new things each day and through every single experience that we go through. We need to know what has happened so as to anticipate what is about to turn up next. Being prepared and picking things up as we go along would make us more knowledgeable regardless of the area of expertise.

Jan 21, 2019 10:17 PM #76
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Margaret Rome, Baltimore Maryland
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Christopher James  Your comment would make a good stand-alone post. Go for it. Let me know if you need any help getting started. Would like to hear more about your business.

Jan 22, 2019 08:30 AM #77
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