Saturday Edition 3/21 - Net Worth versus Self-Worth

By
Real Estate Agent with DFW FINE PROPERTIES 0506509

 

"You gotta know when to hold 'em

Know when to fold 'em

Know when to walk away

Know when to run

You never count your money

When you're sitting at the table

There'll be time enough for counting

When the dealings done...."

In Memory of Kenny Rogers (8/21/1938- 3/20/2020)

 

 

Something everyone who buys or sells real estate wants to know is how much is it worth? When selling property, a good real estate agent will run the comps, explain the numbers, and determine the approximate net worth. It is during the negotiations that I find some people get their approximate net worth confused by their self-worth. Self-worth and net worth are not the same. What a seller perceives are valuable may not be determined as valuable to the buyer and/or an appraiser. Something else buyers and sellers need to understand is that bigger isn't always better, the desire to acquire doesn't make you more powerful, and what you have that is better may not be as valuable as you think. The value of what you paid today for anything you own could either be more or less valuable over time. When you're dealing with valuables, nothing is guaranteed.

 

"To see the world, things dangerous to come, to see behind walls, to draw closer, to find each other and to feel. That is the purpose of life."

---Walter Mitty    

 

 

The way I see it, the purpose of life is to meet challenges head on, and recognize lifes also gives us opportunities. Without failure, there wouldn't be as many success stories and legacies. For example, Kenny Rogers was born poor in Houston, Texas. He was the fourth child of eight with Irish and Native American ancestry.  Kenny Rogers grew up in a Federal Housing Project. There are many people who grew up poor and lived in the projects. But it doesn't mean they remained poor. Kenny Rogers is a great example of someone who achieved wealth and success. 

 

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DFW FINE PROPERTIES

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                                         Patricia (Peace without Panic) Feager (Faith without Fear)
                                                        Cell: 469-951-4758

                                                        Email: patricia.feager@gmail.com

 

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"With self-discipline most anything is possible." --- Theodore Roosevelt 

 

 

  

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Ambassador
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I was sorry to see Kenny Rogers died yesterday. Life is so precious, isn't it? 

Far too important to spend our time squabbling about nickels and dimes and equating power with money, and money with power. For some reason, sensible people tend to get really goofy when it comes to pricing a property. Too much ego involved, as you suggest. 

Mar 21, 2020 02:18 PM #1
Rainmaker
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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

Hi Patricia,
Those words from a Kenny Rogers song was one of my husband's favorite sayings. He would tell the kids that often... know when to hold 'em and when to fold 'em. 

Life does offers up many challenges and it is within them where the opportunities lie, isn't it? 

Stay well!

Mar 21, 2020 05:21 PM #2
Rainmaker
3,590,151
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Patricia. Knowing when to hold'em and when to fold them sticks in my mind as a constant reminder. Enjoy your day!

Mar 22, 2020 04:28 AM #3
Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Patricia - such a good analysis.  There are timely points to consider in your words but also thoughts as well as actions that stand the test of time.  Nicely expressed.  

Mar 22, 2020 05:43 AM #4
Rainmaker
2,903,179
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I never knew much about Kenny Rogers other than I enjoyed his music, my Dad was a big fan.

Mar 22, 2020 05:49 AM #5
Rainmaker
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Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Patricia... it was sad to hear of Kenny Rogers' passing yesterday... but he's left a rich musical legacy behind and won't soon, if ever, be forgtotten. RIP Kenny Rogers.

Mar 22, 2020 06:39 AM #6
Rainmaker
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Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Meeting challenges (opportunities) head on is something we must do if we want to grow and live...

Have a great Sunday!

Mar 22, 2020 08:10 AM #7
Rainmaker
3,433,570
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Patricia, I miss Kenny Rogers and was playing all his songs yesterday in my office for 4 hours.  Saw him in concert 3 times.

 

Mar 22, 2020 09:50 AM #8
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina value is a moving target depending on who we are talking to.  However, when it comes to Real Estate it comes down to the figure placed on an appraisal report.

Mar 22, 2020 03:55 PM #9
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Oh, I so love your analogy, Patricia and was a big Kenny Rogers fan too. Our best 'bet' is to know that we must face challenges head-on...and I'm getting better at the 'hold 'em' part too! 

So sad that he died - in my opinion, he died very young. May he rest in peace. He certainly left a wonderful legacy.

Mar 22, 2020 08:47 PM #10
Rainmaker
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Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Debe Maxwell, CRS - Writing lyrics to songs and everyone knows your name and the words is very impressive. Kenny Rogers was legendary. He made the world more joyful and fun with his music. It was as if, no matter what he wrote or who he partnered with in the music industry, it was a hit and he was loved. He will be memorable long into eternity. 

Mar 23, 2020 03:18 PM #11
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