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They Shoot Realtors, Don't They?

By
Real Estate Broker/Owner with Buyers' Choice Realty

For those of you not familiar with the movie "They Shoot Horses, Don't They?" here is the scoop:  http://en.wikipedia.org/wiki/They_Shoot_Horses,_Don't_They%3F

 

After my own personal marathon, I feel like someone needs to put me out of my misery.  This week just about did me in.  I wrote and received over three million dollars worth of offers, and none of them have come to fruition.  Disappointed clients and 16 hour days spent working for naught.  I sincerely gave it my ALL.  It was beyond INTENSE... 

 

I have a big, fat zero to show for all my efforts!  Zilch...  Nada...

 

I've had weeks like this before.  Here is how I usually deal with them: 

 

•1.     I write down a synopsis of each deal.  I critique myself.  I look at every angle and ask myself the hard question: "what could I have done differently, knowing what I know now?"

•2.     The next question asked on each deal is:  "What have I learnt from this experience?"

 

When talking to yourself like this, it is best to do it in writing.  Your subconscious takes over and guides you to places you didn't know existed.  If you don't believe me, do the exercise!  I swear by this methodology!  

 

You will be surprised by the answers.  I am always surprised myself and I have used this to hone my skills for many years.  It probably works with all professional failures, but I've just never tried it on more trivial problems.  I will be performing the exercise tonight or tomorrow.  Much good will be derived from it.  Who knows, maybe some of the deals that are now comatose will be revived by week's end.  That's usually what happens after this exercise. 

 

Remember: each failure brings you that much closer to your goal, if you derive the right lessons from it! 

 

Success without failure is impossible.   So, what are you waiting for:  Hurry up and fail!  Fail often and hard and get to your destination faster!

 

Mirela Monte, Your Myrtle Beach Real Estate Connection                    Join The Optimist Group!

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Show All Comments Sort:
Joshua & Kathy Schmidt
ERA Henley Real Estate - Cabot, AR

Mirela,

     I think that we all have weeks like this(though on a smaller scale) and sometimes it is just the luck of the draw.  However your method of analyzing the transactions could be something that will help others.  Thanks for posting!

Aug 12, 2008 08:57 AM
Jorge Verar
Coldwell Banker Commercial SouthWest - Houston, TX
Commercial Real Estate Broker

I hope you would feel better to know that my $20M deal working for 6 months finally fall out of contract... potential commission $400K... I have an idea... below...

Shoot Realtor

Aug 12, 2008 09:23 AM
Mark Hall
Realty One Group Cascadia - Vancouver, WA
Homes for Sale Vancouver Washington

Great post but I prefer the line, "From the Ashes of Disaster Grow the Roses of Success!" from Chitty Chitty Bang Bang.

Every bursted bubble has a glory!
Each abysmal failure makes a point!
Every glowing path that goes astray,
Shows you how to find a better way.
So every time you stumble never grumble.
Next time you'll bumble even less!
For up from the ashes, up from the ashes, grow the roses of success!
Grow the roses!
Grow the roses!
Grow the roses of success!
...

Of course you have to dance around and sing like Dick Van Dyke to really get your blood going!

mark hall vancouver wa homes www.ernw.org

Aug 12, 2008 09:24 AM
Mirela Monte
Buyers' Choice Realty - North Myrtle Beach, SC
Myrtle Beach Real Estate

George:  Why would I feel better to hear that you lost your deal?  It's very sad to work so hard, for so long and end up with a big, fat zero!  Chin up!  Do that exercise I described in my blog.  Good luck! 

Mark:  this is so cute!  Thank you! 

By the way, I LOVE Dick Van Dyke!

Arnold:  Thank you!  I'm glad you're employing the same method!  Great minds think alike...

Joshua:  Thank you!

 

Cathy:  Good contribution:

"If nothing else, these WAR Stories are great teaching tools in the future.  I have been asked to write a book for REALTORS about my experiences in real estate.  Keep a journal and learn from past mistakes; but don't beat yourself up."

Thank you!

 

 

 

 

Aug 12, 2008 10:15 AM
Pam Pugmire
Silvercreek Realty Group - Meridian, ID
Meridian Idaho Real Estate

Great motivation~  We can't reach our goals if we are so afraid to fail that we won't try! 

Remember to go over what you did right too! 

Aug 12, 2008 10:30 AM
Margaret Mitchell
Coldwell Banker Yorke Realty - York, ME
Seacoast Maine & NH Real Estate

Mirela - Oh my, how frustrating.    Also impressive, but frustrating for you, I'm sure.  I think the "deal autopsy" is a great idea.  Hindsight of course is 20/20 and please don't be hard on yourself.  In this market, you can do everything right but the market won't cooperate. 

Thank you for sharing another great tip!!!

Aug 12, 2008 11:05 AM
Mott Marvin Kornicki
Waterway Realtors® • Notary Public & Apostille - Sunny Isles, FL
Miami Notary & Apostille 786-229-7999

Great Attitude!

Failure is not final; success is not permanent.

Have NO Fear.

Aug 12, 2008 11:30 AM
Regina Lundeen
Delaware Association of REALTORS® - Rehoboth Beach, DE

It would have been nice if ONE deal went through but then you probably would not have been prompted to do your autopsies.  Hope your vacation is great.

Aug 12, 2008 11:49 AM
Thom Abbott
MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living - Atlanta, GA
Midtown Atlanta GA Condos For Sale

Mirela....I can't say I had that kind of week...but I was with an out-of-town buyer on Friday for 5 hours. Looked at several condo buildings for to get a feel of them and decide which building(s) she liked best. Went to Starbucks, had coffee, chatted, met her son who's a doctor here in Atlanta...and she even asked me, "So, we are working together, right?"  Well, that was 3 days and 3 phone calls ago and no response. UGH! I'm hoping it's nothing! I really liked her AND her son, and was looking forward to working with her!

The joys of our profession!

Aug 12, 2008 12:00 PM
Elizabeth Cooper-Golden
Huntsville Alabama Real Estate, (@ Homes Realty Group) - Huntsville, AL
Huntsville AL MLS

Mirela, I really respect you for looking inward, as to how to improve your skills. Obviously, if you are writing $3,000,000 in one week, you are very professional, IMO.  The only way to fail is to not try!  You go girl!

Aug 12, 2008 12:18 PM
Dean Guadagni
Inner Architect - San Rafael, CA

Mirela,  My first job out of college was in the printing industry as a sales rep responsible for the industrial and Produce Market area of San Francisco. Our Monday sales meetings resembled one of my favorite movies--even when the dread takes over. GlenGarry GlenRoss.

Repeat after me "A-B-C.  .  . Always be closing.  .  . Always be closing" "Coffee's for closers put that cup down-your a loser!"  "You know how much this watch is worth? This watch is worth more than that piece of _hit you drove here in tonight" "I made $900,000 last year whadidyou make?"

It's only a nightmare when you let it be one. You are that much closer to yes--be well!

dean

 

Aug 12, 2008 06:00 PM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

That happened to me last month. Just keep your head up & keep going forward! Things did come around just not like YOU had planned.  Somethings just have to happen in a certain way, in a certain order.  Good luck - fortitude girl!

Aug 13, 2008 01:44 AM
Julie Snyder
Prudential Fox & Roach, Realtors - Yardley, PA

Hang in there. What doesn't kill us makes us stronger!

Aug 13, 2008 03:58 AM
Jorge Verar
Coldwell Banker Commercial SouthWest - Houston, TX
Commercial Real Estate Broker

Thanks Mirela....  I did just what yu prescribe... its part of life ... remember we don't need to close all our transactions so long as we continue to close one transactin at a time.. that's okey... there are more coming yur way... 

Aug 13, 2008 02:32 PM
Ann Casey
John L Scott - Bothell, WA

Mirela, Your perspective is so refreshing. It sounds like your vacation is well needed and deserved.  I too have a deal falling apart (it's supposed to close tomorrow). Kick back and enjoy for both of us (0;.

Ann

Aug 20, 2008 12:15 PM
James Wexler
wexzilla.com - Scottsdale, AZ

any post that can garner now 75 comments deserves reading. however, it was the 75 comments that left me exhausted , great article

Aug 22, 2008 05:20 PM
Susan Peters
Dove Realty Inc. - Seattle, WA
The Better it Looks the Better it Sells

Mirela,

You rock girl! It's easy to be your best when everything is coming up roses but keeping your perspective when everything turns to crap at once is true grace.

I evaluate my business every year just like this when the dust settles and it's a great learning tool.

Aug 22, 2008 06:13 PM
Terrylynn Fisher
Dudum Real Estate Group - BuyStageSell.com - Walnut Creek, CA
HAFA Certified, EcoBroker, CRS, CSP Realtor, Etc.

From beginning to end you've brought yourself back to reality and knowing as Maya Angelou says "and when I knew better I did better".  I love that phrase and in this market am quoting it alot myself.  So, her's to next week.  You know next week it'll all turn around.  Real estate is the only place you can be on again and off again many times an hour or a day.  You just keep on keeping on and it all comes together.  Love your pricepoint missy.  Carry on.

Aug 22, 2008 06:53 PM
Mirela Monte
Buyers' Choice Realty - North Myrtle Beach, SC
Myrtle Beach Real Estate

Terrylynn:  I love Maya Angelou! 

My vacation helped quite a bit, although I'm still reluctant to get back in the rink...

Aug 25, 2008 01:31 PM
Scott Owens
Halifax, NS

I agree with writing everything down when going through problems and making decisions.  I have kept a journal for that purpose since October of 1998.  Not only did this help me solve many problems, but looking back at past years and seeing the history is just plain good fun.

Aug 30, 2008 01:27 PM