Comparing the 130th Rose Parade's Finish & a Real Estate Transaction

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Real Estate Agent with Berkshire Hathaway HomeServices 01238708
https://activerain.com/droplet/5gJH

  Comparing the 130th Tournament of Rose’s Parade’s finish and a Real Estate Transaction...

First you might ask how did the Rose Parade’s Finish, remind me of a Real Estate Transaction? Well, allow me to digress a bit.

“Proper Planning Prevents  P… Poor Performance”, has been pounded in my brain when I was in a Cadet at USMA and it continued to be reinforced in Ranger School and my entire time in the military.

 This concept of proper planning has stayed with me all my life. From planning vacations or handling special or ordinary assignments at work, the concept empowered me to prepare for any situation . I was always prepared for different scenarios, options and potential challenges that might need overcoming. Just like when I used to play chess and planned six or eight options with every move. Yes, it continued to stay with me in a Real Estate Transaction too.

www.endrebarath.com

 Augmenting security for the Boston Marathon the principles were the same. The Boston Marathon entailed a lot of planning and coordination between various agencies, from Security, Police, Fire Dept, First Responders and the list goes on and on.   I was involved in the Command Center and near the finish line, clearly a very small part of the big picture, never the less I was able to see the entire planning, coordination and quality control as the John Hancock Security Leadership provided seamless security to the Marathon.

 www.endrebarath.com

If you watched the entire  Rose Parade  on Tuesday, you might have wondered what a strange finish, what happened? Well there was a float that malfunctioned and caused a traffic jam near the end of the Parade. “The Chinese American Heritage Foundation’s train float”  had what it looked like, either a small fire or their transmission blew (white smoke). This in turn called for a large tow truck to rescue and move them off the middle  of the Parade Route.

The float depicted two locomotives meeting face to face upon the completion of the Transcontinental Railroad. The Tow Truck tried to move it out of the way, but was unable to do it.

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Hence things that ran through my head were, that the organizers were not properly prepared for various contingencies. Clearly someone like me who has watched the Parade year after year. I knew that the planners  did not consider every situation.

Over the years I have seen many floats break down and two or more tow trucks were prepared and stepped in when needed. The size of the floats determined the type of response. Clearly that was not the right response in this case. Inaddition, I noticed that there was a shortage of crowd control and a shortage of communication between the crowd control and the spectators.

 www.endrebarath.com

Numerous floats backed up behind the disabled Float.  Bands  tried to maneuver around the floats,  one of the Norther European Bands from Sweden was in the traffic jam. Not only did they meet the “obstacle of the float” then they were met by spectators who thought that the Parade has ended, due to poor crowd control. They were obstructing traffic as well.

There has been a change at the Leadership Level of the Tournament of Rose’s and clearly the new leader was not a ‘Leader’. The finish was poor. Not wanting to take away from the fantastic floats and the hard work the volunteers and the various teams that made it possible the Parade ended on a poor note.

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This of course reminded me of a Real Estate Transaction, as Realtors we must handle a number of different agencies and if we include them and handled them as a” Team” we end up having a successful finish i.e.: a “ Closing”. If we do not, then it can become an obstacle near the finish line and might result either in poor closing or no closing at all.

Either way, the Buyers and Sellers are seldom aware of all the drama that is involved and all the coordination that is involved in the background when we have a “smooth finish”.

 

If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly!

If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com  I contribute a portion of my commission to local animal rescue organizations.

 

 

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Rainmaker
2,974,855
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Endre.

Always plan for contingencies is just a part of the whole picture.  Can one plan for every possible change, well that depends on the mission

Jan 03, 2019 01:57 AM #3
Rainmaker
3,341,012
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Endre. Being retired it is easy to let the "famous 5-P's" slip your mind. Thanks for the reminder. They were not properly prepared. Enjoy your day!

Jan 03, 2019 04:34 AM #4
Rainmaker
1,461,508
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Yes, planning and having multiple backup/contingency plans in place are key to a smooth transaction, or a smooth parade.

Jan 03, 2019 04:54 AM #5
Rainmaker
1,525,777
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Endre, I wondered what happened and wasn't sure what was going on. Now I know. Your post is creative and spot on. Always having contingency plans in place will achieve a successful finish. 

Jan 03, 2019 05:30 AM #6
Rainmaker
3,177,947
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, Endre... now this is an analogy that I wouldn't have thought of, but it's spot on! Your mind works in creative ways!

Jan 03, 2019 05:35 AM #7
Rainmaker
3,394,781
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Endre - Proper preparation matters. Confusion is not a good thing. 

Jan 03, 2019 06:04 AM #8
Rainmaker
4,797,811
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Endre.  I am guessing there will be some changes made prior to next year's Rose Bowl Parade.

Jan 03, 2019 06:56 AM #9
Rainmaker
1,254,610
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Endre Barath, Jr. - Proper planning is essential. 

I don't always have the Rose parade on but I did this year. I watched KTLA through the Hallmark Channel. 

I got to see the planning up close and personal...When I was in high school, I volunteered for 3 years placing the flowers and seeds on the floats. It was a wonderful experience.  Happy New Year!

Jan 03, 2019 07:03 AM #10
Rainmaker
1,969,512
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Endre - so many moving parts in all of these events and, yes, I have had the prior planning pounded into me too.

Jan 03, 2019 08:18 AM #11
Rainmaker
4,537,366
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Endre,

What a glorious analogy, and yes preparation is key...unlike you we do not like parades...we do appreciate the floats and the work that goes into them...A

Jan 03, 2019 09:10 AM #12
Ambassador
3,845,370
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Endre success does not happen by accident in these two endeavors.  It takes lots of planning and even then success is a challenge.

Jan 03, 2019 11:29 AM #13
Rainmaker
3,222,432
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

James Dray  indeed the better the planning and then the practicing before all determine the result:)Endre

Jan 03, 2019 12:08 PM #14
Rainmaker
3,222,432
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wayne Martin  glad I brought a back some memories:))Endre

Jan 03, 2019 12:13 PM #15
Rainmaker
3,222,432
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kat Palmiotti  and proper execution too:)Endre

Jan 03, 2019 12:13 PM #16
Rainmaker
1,347,203
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Big or small... parades or real estate... it all takes a lot of planning, doesn't it?  Nice analogy, Endre!

Jan 03, 2019 01:59 PM #17
Ambassador
4,049,215
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Endre

Well I totally missed the parade but completely get the analogy you are making here. The P word is a big one, and important!

Jef

Jan 03, 2019 08:52 PM #18
Rainmaker
3,222,432
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Amanda S. Davidson  it was a shame what happened and with a bit of proper planning it could have been avoided...just like in Real Estate transactions with proper leadership problems can be resolved...Endre

Jan 03, 2019 09:58 PM #19
Ambassador
3,402,747
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I so love the analogy - great (analytic!) minds once again! Funny but, I joke with my clients when we are discussing negotiations. "If we don't get the to budge with this, be thinking which plan you are going with - Plan-B, Plan-C or Plan-D! That way, when they get back to us, we'll be ready with a response...or we'll make them wait!" They actually write the ideas we discussed down and when I phone them back, they say which one they're going with - Plan b, c or d! LOL 

Preparation is key in everything in life when you always have a back-up plan, things go so much more smoothly, don't they?

Hope you have a fabulous Friday!

Jan 03, 2019 10:41 PM #20
Rainmaker
797,955
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Interesting perspective, I have learnt to nag from my wife through a real estate transaction, rarely do we have problems if at all at closing because of that nagging of others who often are not planning for contingencies. Good reminder, to always consider the options and have a plan. Our clients should always think it is all plain sailing, then we have done our jobs correctly.

Jan 04, 2019 01:18 PM #21
Rainmaker
1,240,087
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Wonderful analogy, Endre Barath, Jr. ... and message!  And one very personal for me ... as the very first band that went around that broken float was my high school alma mater ... the Lincoln-Way High School Marching Band from New Lenox, IL.  Admittedly ... I'm VERY proud that the kids were able to meet the challenge faced so quickly and beautifully ... 

Lincoln-Way Area people are awesome!

Here's a clip of the LWHS band meeting the challenge that day ... https://youtu.be/cdZLt0Lx1s0

 

Gene

Feb 01, 2019 10:37 AM #22
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