I have made several big mistakes along the way of my real estate career. I am sharing these with you folks so you don’t do them. As I always say, “There are 2 types of people in the world; those who want to learn by their own mistakes and those who want to learn from other people’s mistakes”. The second type will be much more successful.
WE HAVE A BUYER
We had 3 . It was fun being in a bidding war.Everyone has DU (desktop underwriting) approval these days. No decent realtor will even talk to you without it. Pre-qual letters are so yesterday.
Even though we are not done, I decided to list it anyway. We are fast approaching holidays and we need action now. So I bullied through all the workers and my partner and got it done. There is an old saying, “If you want something done right, do it yourself”. So I schlepped out to Covina fri, Sunday and Monday. 4 ½ hours in traffic. As a result the house looks amazing and all of the crap is gone. We have it listed and staged and got 2 offers already. Trying to get an above offer listing. As I tell my students ,expect the buyer to ask for 2 or 3 % closing costs so make sure you figure that in your original estimate of value. Of course both offers did that. Luckily it will appraise higher so there is room to add to the sales price. I used Keith from our club to do a pre-appraisal so I can show value to an inexperienced appraiser.
We are still not done. It looks like the big guns have to come out. My partner is not forceful enough to deal with the workers. You can’t be whimpy in this business. It will cost you money. You are not making friends- you are making money!!!