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Twelve Observations Related To Real Estate

By
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291

Twelve observations related to real estate.

Similar to flying, it is not unusual to encounter a few bumps when buying and selling. This real estate turbulence happens anytime between signing up with a listing agent and the final settlement day.   

I read a list of items that a pilot won't always tell you, and this triggered a list of things that agents may not want you to know about the real estate transaction.      

  Turbulence

 I have encountered all of them and want to share my observations.

Each could be a book chapter or a stand-alone blog post.

 

1. Houses sell houses, and people foul up deals.

2. Avoid settlements early in the morning on Mondays or late  Fridays.

3. Don't turn the keys over until the settlement is funded.

4. Don't let a seller know a contract is coming in... Always wait until the offer is in hand.

5. If a buyer at your listing loves everything... they usually cannot afford the house.

6. If a buyer in your listing complains about the room sizes, price, carpet color, etc., they may be negotiating.

7. Doing a home inspection is like having a colonoscopy and a root canal simultaneously...without anesthesia.

8. Open Houses don't necessarily sell your house., but they may be an effective way to generate new business.

9. Buyers don't care how much the seller needs from the sale.

10. Sellers might use security systems and listening or recording devices while you are viewing their homes.

11. Letting the buyer and seller meet to work things out is not always bad.

12. Don't be offended by a low offer. Be offended by all the others who saw your house and did not make an offer.

 

12 Observations in Real Estate

 

Buying or selling a home

Call Margaret Rome

 

          

 

 

Posted by

Margaret Rome
HomeRome Realty
Broker/Owner/Realtor®

Baltimore, Maryland


Sell Your Home With Margaret Rome

Radio Host ALL ABOUT REAL ESTATE
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Author: Real Estate The Rome Way

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(410) 530-2400
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Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good afternoon Margaret Rome Baltimore 410-530-2400 ,

You nailed it with your 12 Observations. I always follow #4 and #10 is a given now! #12 is definitely true and I've told sellers that before!

Apr 13, 2024 10:52 AM
Margaret Rome Baltimore 410-530-2400

Dorie Dillard Austin TX

You are a smart lady  following those three.

Apr 13, 2024 11:16 AM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, Margaret, for sharing your observations and your advice.

Have an outstanding weekend.

Apr 13, 2024 11:08 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

George Souto 

'That's  solid advice to give sellers: "Be ready for the worst but always hope for the best.''

Apr 13, 2024 11:09 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Margaret - so many excellent observations.  Especially, being aware of observation #5 is crucial for sellers in my opinion.  There is something to be said of the overly enthusiastic buyer and it's usually having nothing to do with an offer that will be accepted.  Beware!

Apr 13, 2024 12:20 PM
Margaret Rome Baltimore 410-530-2400

Michael Jacobs,

Over the years, we have gained valuable insights by observing the reactions of buyers to properties.

Apr 13, 2024 03:58 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Margaret- these are very interesting observations!  I love #1 because it is true. Houses will sell but somehow people get involved and OOPS!

Apr 13, 2024 01:25 PM
Margaret Rome Baltimore 410-530-2400

Kathy Streib

Falling out of a deal due to one person's actions can be disappointing when you've found your perfect home.

Apr 13, 2024 04:06 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Apr 13, 2024 07:32 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Kathy Streib

Thank you so much for featuring me in your weekly group.

Apr 13, 2024 07:39 PM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Haha about #7! These are all excellent observations!

Apr 14, 2024 06:37 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Kat Palmiotti 

Many owners are anxious about the inspection and think they should be there. This is the perfect time for me to say that it's like a colonoscopy and a root canal, and you don't want to be there for either!

Apr 14, 2024 07:11 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Hi Margaret,
Lots of great observations! This might make a fun challenge in the future, for us each to come up with out own observations.

In the old days, I sold many homes out of Open Houses. I don't know if that happens anymore or not.

Apr 14, 2024 08:34 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Carol Williams  I could take each of those observations and make a blog post. I used this list for today’s radio show.  This idea could be a future challenge  


And for some Open Houses have been their business plan. There used to be a few agents that were always available to do OH for other agents in the same office. . 

Apr 14, 2024 04:14 PM
Carol Williams

Good idea, Margaret Rome Baltimore 410-530-2400.

Apr 15, 2024 07:32 AM
Elyse Berman, PA
LoKation Real Estate - Boca Raton, FL
Boca Raton FL (561) 716-7824

This is a great list Margaret Rome Baltimore 410-530-2400 .  And, oh, so true!

Apr 14, 2024 07:24 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Good morning, Elyse Berman, PA Good to see you. I used this list for yesterday's radio show.

Apr 15, 2024 08:31 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

I like your twelve observations, Margaret.  I especially like #11.  I found that to be true many times.

Apr 15, 2024 07:35 PM
Margaret Rome Baltimore 410-530-2400

Sometimes, you have to put the parties together to work things out,

Myrl Jeffcoat 

Apr 16, 2024 09:43 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

CONGRATULATIONS Margaret, on having this blog FEATURED in the Old Farts Club group!  

Apr 15, 2024 07:38 PM
Margaret Rome Baltimore 410-530-2400

I appreciate the feature in your OFC, Myrl Jeffcoat 

Apr 16, 2024 09:43 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Margaret. May be late to the party but read your post with interest as it sure covered the gamut. Enjoy your day. 

Apr 16, 2024 04:27 AM
Margaret Rome Baltimore 410-530-2400

Wayne Martin, Always appreciate your comments, no matter when. 

Apr 16, 2024 09:45 PM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Great list Margaret Rome Baltimore 410-530-2400 -it "speaks" from experience.

#4 is so true and I would add a #13 Don't share bad news until you have a solution to fix it or detrmine there is no solution at all. I never like to make my clients twist and they just blow up your phone until solutions and answers are available.

Apr 16, 2024 07:18 AM
Margaret Rome Baltimore 410-530-2400

Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets That 13 works for you. I want the seller to know when there is a derailment and what we are doing to get back on track.

Apr 16, 2024 09:52 PM
Nick Vandekar, 610-203-4543
Realty ONE Group Advocates 484-237-2055 - Downingtown, PA
Selling the Main Line & Chester County

These are great and all so true.

Apr 16, 2024 07:36 AM
Margaret Rome Baltimore 410-530-2400

Thanks, Nick Vandekar, 610-203-4543  It was good to travel with you on today's Zoom.

Apr 16, 2024 09:54 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

There is lots of wisdom in your post, Margaret. No doubt there are other truisms in this business that we have all seen or experienced.

Jeff

Apr 17, 2024 08:18 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Jeff Dowler, CRS 

It would be interesting to see other's truisms. Do you want to share yours?

Apr 17, 2024 09:00 PM