Archive for the 'Buyers' Category
Me and My Big Why
May 28th, 2008 Categories: Buyers, Keller Williams Culture, Sellers
At Keller Williams, We Are Encouraged to Think About Our Mission and Purpose in Life. It’s Called Our Big Why, and Here’s Why I Think It Matters
Several years back, on my first day in real estate, I sat down with the team leader of the Keller Williams office here in Annapolis. I signed some papers, had a stack of books and a training schedule handed to me, and then this:
So Ken - tell me about your Big Why.
Sorry? It sounded like she thought I owned a ranch in Montana, The Big Y.
Your Big Why. Why are you here? What’s the one thing that gives meaning and purpose to your life more than any other?
Well, I hadn’t really considered it. And truth be told, I thought the question was a bit lofty for someone who hadn’t even learned to use the office copier yet, let alone sell a single house. But I was new, eager to make my mark, and vaguely recall mumbling something about the opportunity to help people and make a decent living in the process.
Read pages 72 and 73 in there, she said, pointing at one of the books she had just handed me. That will help you figure it out.
Gary Keller, on The Focusing Power of a Big Why
The book in question is one we at Keller Williams refer to as “the red book” - The Millionaire Real Estate Agent, written by our company’s co-founder, Gary Keller.
Sure enough, right there on page 72 was this: “…we’ve discovered that the one thing that all high achievers have in common is they are working for a Big Why. The Big Why is about having a purpose, a mission, or a need, that in turn gives you focus. High achievers always have a Big Why powering their actions.”
I was intrigued, and followed the exercise Gary outlined, writing down everything that motivated me. I was underwhelmed: to my eye, what I had written looked like a ragtag group of Little and Medium Whys. There wasn’t a Big Why in sight. A life of insignificance loomed before me. I had better get digging for a Big Why, and fast, if I wanted to be a high achiever too.
The Power Behind Being the Best You Can Be
I didn’t realize it at the time, but - as Gary went on to explain - there is nothing wrong with a collection of lesser whys: we all have to pay our mortgage or rent, fund retirement accounts, help put our kids through college.
But those - and all of our smaller whys, says Gary - will fall into place naturally if we simply put this one Big Why at the forefront of all others: to be the best we can possibly be. A powerful Big Why like this, he points out, gives foundational support to all of your other whys. It’s like geese flying in formation: the lead goose expends all the energy, while the others draft behind with much less effort.
“Being your best” he goes on to say, “is actually a goal-less pursuit. You can never really reach a point where you can truthfully say, ‘I just can’t grow anymore.’ And what is so exciting about that is this kind of Big Why can create a life that literally explodes with limitless possibility and unlimited growth.”
All Those Big Whys Help Build Stronger Communities
One of the things I love about Keller Williams is the large number of individuals we attract who have a Be the Best You Can Be mentality. That’s not really surprising, given the fact that KW agents have - at their disposal - all of the tools and training necessary for achieving greatness. Read the rest of this entry »
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April Real Estate Market Sales and Statistics for Annapolis and Anne Arundel County
May 21st, 2008 Categories: Buyers, Neighborhood Sales & Stats, Real Estate News, Sellers
Do the Numbers Reveal an Upturn in the Annapolis Real Estate Market? Plus…Here’s What the NAR (National Assn of Realtors) is Forecasting for the Second Half of 2008
Around the 10th of every month, the local MLS - ours is known as the Metropolitan Regional Information System - publishes real estate market sales statistics for the previous month. Here are some notable statistics for April 2008 for Anne Arundel County:
Average Sold Price: $398,231 - a slight decrease from the April 2007 figure of $398,754.
Median Sold Price: $320,000 - a 7.25% decrease from the April 2007 figure of $345,000.
Total Units Sold: 420 homes, a 30% decrease over the April 2007 figure of 600.
Average Days on Market: 137, an increase of 28.04% over the April 2007 figure of 107 days.
Those numbers may not seem too encouraging, the total units sold does represent an increase over the 331 sold in February 2008 and the 418 sold in March 2008.
Annapolis Real Estate, By The Numbers
Let’s take a closer look at what’s happening in the Annapolis market, and break it down by price range, active listings, under contract, and sold in the last 30 days. Read the rest of this entry »
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Sometimes, Being in Real Estate in Annapolis is a Real Drain. A Clogged Drain
May 14th, 2008 Categories: Buyers, Sellers, The Realtor's Life
When It Rains in Annapolis, It Pours. And When It Pours, The Moss Haedrich Team of Keller Williams Puts on our Slickers
The rains came to Annapolis this week, biblical rains. Like oil and water, any experienced Realtor will tell you that biblical rains and pending settlements don’t mix well. The combination puts us on high alert.
Which is how I find myself standing barefoot in 4″ of water on a client’s patio, coaxing a sluggish drain. It is 6:00AM and the client - soaking up the sun at her new Arizona condo - is blissfully unaware of my unscheduled visit, long since gone from here in both body and spirit.
They say that a lot of people think agents just drive around in fancy cars and collect big settlement checks. I wish those people could see me now, standing here in drenched jeans, my cup of Dunkin’ Donuts coffee tasting more and more diluted with every passing minute.
Doing What’s Required? Or Doing What Needs to be Done?
We - The Moss Haedrich Team - look great on paper. We have a sheet that describes our Platinum Listing Services in detail, several more that list the 186 transactional items we will take care of for you. But nowhere on any of it will you see ”Stand barefoot on patio in rain and clean clogged drain.” Read the rest of this entry »
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Why Our Annapolis Area Home Sellers Are Opting For Pre-Inspections
May 13th, 2008 Categories: Buyers, Sellers
In This Twitchy, Competitive Real Estate Market, You Need Every Advantage You Can Get. Pre-Inspecting Gives You a Clear Edge
Last night we listed a home in one of the area’s choice subdivisions, the sort of lovely home any agent would be proud to market and sell. The owners have wisely chosen to follow our suggestion and have a pre-inspection done - that is, an inspection prior to getting a contract on the home.
Why now, you may ask. Isn’t that the buyer’s responsibility, once an offer has been accepted?
Indeed, it is. At least that’s the way it’s typically done. But this is no typical market and sellers need to do everything they can, and as early as they can, to pave the way for a smooth settlement. Thus, a pre-inspection.
A Pre-Inspection Identifies Potential Problems Early, Takes Pressure Off the Seller and Reassures a Buyer
A lot of home sales fall apart during the inspection process, especially these days when buyer demands are, well, pretty demanding.
For example: seller accepts what he feels is only a so-so offer - this, after several price reductions already. The buyer orders an inspection and several problems are uncovered. The buyer submits a list of items to the seller that he wants fixed - that, or a $10,000 credit to fix them after the buyer moves in. The buyer needs to settle in 30 days. Read the rest of this entry »
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The Whole World is Waiting for Ourselves
May 6th, 2008 Categories: Buyers, Sellers
In Annapolis, as Elsewhere, the Real Estate Market Has Scared Some of Us Into a Holding Pattern. Maybe It’s Time to Land the Plane
Is it just me, or does it seem like the entire world is on hold lately, waiting. Yesterday I showed a home to a young woman who needs to move soon. Nice house, meets her needs, beautiful neighborhood. Would she be interested in making an offer?
No thanks, I think I’ll wait.
Wait for…?
Prices to drop some more.
How can you be sure they will?
Someone on TV said so.
Perhaps you should consider offering less than asking price. Just think of it as accelerated waiting.
No thanks. I’ll just wait wait.
And so it goes. Buyers are waiting for sellers to lower their prices. Sellers are waiting for buyers to make offers. And agents are waiting for their phones to ring.
Even My Barber is Waiting
Apparently he’s in line somewhere behind the housing waiters. I ask him about business. Not good, he tells me. People are waiting much longer between haircuts.
Really?
Yes, he tells me, especially families. Mom is buying electric clippers and doing it herself. Who’d have imagined that one sign of weak consumer confidence was a nation of kids running around with bad haircuts?
My brother - who manufactures model trains - reports that waiting is alive and well in his industry, too. Track is selling. But people are waiting to buy the expensive stuff like locomotives. Read the rest of this entry »
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What Dinner at the Chart House Says To Us About the State of the Annapolis Real Estate Market
April 30th, 2008 Categories: Buyers, Neighborhood Sales & Stats, Sellers
April Real Estate Market Sales Statistics for Anne Arundel County Will Be Released in 10 Days and We Will Publish the Numbers Here. Until Then, Here’s Our Almost Totally Unscientific Market Story and We’re Stickin’ To It
If the local dining scene is a somewhat reliable barometer of consumer optimism, then our dinner at the Chart House in Annapolis this past Friday would lead one to believe that all the talk of a sagging economy and a housing/mortgage meltdown is falling upon deaf ears.
Indeed, judging by the throngs of diners ordering up $35 steaks, succulent shrimp, good bottles of wine, and $9.00 chocolate lava cakes - our personal favorite - you’d have to say the mood was downright festive, that nobody’s much worrying about their wallets, and things are looking decidedly up.
Who knows? Maybe people are just getting a head-start on spending their tax rebate checks, and exercising their civic duty to stimulate the economy according to our President’s hopes.
Our Boots-on-the-Ground Perspective of the Annapolis Real Estate Market
Then again, maybe - just maybe - things really are starting to turn around. Word on the street - what we’re seeing and our industry colleagues are reporting - is that the local market ”feels” like things are beginning to turn around.
I say “feels” because we can’t really quantify it yet. But phones are starting to ring and showings are up. Gun-shy buyers are starting to pull the trigger and make solid offers. And sellers are getting real about listing price. Together, these factors are breathing life and hope into the local housing market.
But Could This be a Momentary Seasonal Upswing in the Annapolis Area Market?
Sure it could be. But it could also - as I heard one analyst put it on NPR the other day - be the inevitable beginning of the end of a down-turning real estate market. Read the rest of this entry »
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Is Your Real Estate Agent Trustworthy?
April 23rd, 2008 Categories: Buyers, Sellers, The Realtor's Life
In a 2006 Poll Published by Harris Interactive, Real Estate Agents Really Took It On the Chin. Maybe We Can All Learn a Little Something From the Results.
The poll’s intent was to measure the trustworthiness of various professions; real estate agents came in near the bottom, right up there with lawyers, auto mechanics and stockbrokers.
Unfair? To those of us in the industry who put our hearts, heads and soul into this business, and work diligently for our clients - sure, it seems unfair.
But unexpected? Not really. The fact of the matter is, not all agents are created equal. Some set the professional bar extremely low and when they trip over it they make the whole industry look bad.
Marc Davison, a blogger at www.1000wattblog.com had some interesting thoughts on the subject and those things that set trusted and untrustworthy agents apart.
“Are agents untrustworthy? Some are, some aren’t. But most paint themselves with the brush of mistrust by adhering to modes of marketing, branding and verbiage that fail to set them apart and distinguish one from the other.
Untrustworthy agents hear what their clients say. Trustworthy agents listen.
Untrustworthy agents make deals happen. Trusted agents help people buy and sell homes.
Untrustworthy agents work hard and make a case for it. Trusted agents work smart. They perform magic and do it quietly, with grace.
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Annapolis Area Homebuyers: Is Your Real Estate Agent Helping You Find the Shiny Pennies?
April 17th, 2008 Categories: Buyers, The Realtor's Life
We Try Not to Toot Our Own Horn Too Much - Nobody Likes a Braggart. But We Love It When Our Clients Do It For Us, When They Notice and Say Thanks for The Things We Do. Here’s One Such Story.
When we work with an Annapolis area homebuyer, the first step of the process is a meeting at our office that we call the “buyer consultation.”
It’s our opportunity to introduce ourselves, talk about how we work, and to listen. Listening is a big part of this business. My dad used to say that God gave us 2 ears and 1 mouth so we’d listen twice as much as we talk, and that’s a good thing for a Realtor to remember.
One of the things we ask our buyers is to describe, in detail, their dream home - number of bedrooms, bathrooms and all the other obvious stuff. But also the stuff of their dreams. White picket fence? Window seats? Arched doorways? If it means something to you, we want to know. Makes it easier to find you the perfect home.
If a buyer is urgent - and needs to find a home in short order - there’s a good chance they won’t have enough time to preview all the possibilities themselves. Or, the
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In the Market for Annapolis Area Real Estate? Here’s an Easy Way to Get Your First Home for Free!
April 9th, 2008 Categories: Buyers
That Would Be YOUR FIRST HOME: The Proven Path to Home Ownership, a new book by Gary Keller - Visionary Co-Founder of Keller Williams Realty
Let’s face it: buying a home, especially your first one, has to be one of the most perplexing, exhausting, and exhilarating experiences you’ll ever have.
We know: we work with first time homebuyers on a daily basis and most of them start out perplexed, and end up exhausted and exhilarated. It almost can’t be helped. There’s a lot of money involved, financial commitments, not to mention the well-meaning and often contradictory advice of family, friends and colleagues.
Now throw in a market that’s as wild and crazy as the current one is, and buyers’ heads really start to spin.
What’s a first time homebuyer to do?
Go out at once and get a copy of YOUR FIRST HOME, by Gary Keller. It’s the perfect road-map for keeping a steady course in unfamiliar territory.
Nobody can deconstruct and then reassemble the subject of real estate as clearly as Gary Keller can. His is a calm, experienced voice that first time homebuyers will find reassuring.
He takes homebuyers by the hand and leads them through the 8 steps to home-ownership: deciding to buy; hiring your agent; securing financing; finding your home; making an offer; performing due diligence; closing; and protecting your investment. What could potentially be some pretty dry reading isn’t at all, thanks in large part to his engaging style and plenty of real-life anecdotes and informative sidebars.
Gary really wants you to take the leap to home ownership. “Owning a home,” he says, “will not only lay a solid foundation for your financial future but will also set the tone for your own personal lifestyle. It truly enables you to live the ultimate dream. And while it may quite possibly be the most expensive investment you’ve ever made, it will also be one of the smartest.”
Anyway, we’ve just received a case of these books in hardcover and we’re making
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This Guy is Way Smart, Eats Lazy Realtors for Breakfast, and Knows Precisely Why Your Home Isn’t Selling. He’s Happy to Tell You. Anybody Wanna’ Argue?
April 1st, 2008 Categories: Buyers, Faces In The Crowd, Sellers
Tony DiCello is the Vince Lombardi of Keller Williams. He’s Taught His Coaching Clients - Other Realtors - How to Sell Literally Billions of Dollars of Real Estate in Markets Just Like This One. Do I Have Your Attention?
You could do worse than to have Tony DiCello as your real estate agent. Not only has he earned the distinction as one of the top agents in the country, and one of the top 3 in the Denver area during the 90’s. He’s also coached some of the top producing agents in the country, one of whom sold just under $1,000,000,000 a year in real estate. Today, he’s the “head coach” for Keller Williams agents across the country.
After listening to him speak to a packed house of Keller Williams agents last week at the University of Maryland, it’s easy to see how he could have achieved legendary status. He’s forceful, articulate, and knows the real estate industry inside out. And he’s a straight shooter, straight as they come. Among other things, he’s fond of saying, “Always tell your clients the truth about price, no matter how uncomfortable.”
If Tony DiCello told you your home was not selling because it was overpriced, you would not argue. If you did, he’d probably thank you for your time and hand you a list of agents who’d be happy to take an overpriced listing. He says there are plenty out there.
The following is a collection of Tony DiCello-isms, culled from his recent talk, writings, and other seminars. Whether you’re a home seller, buyer, or agent, you should listen up:
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