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Real Estate Observations - Perspectives from Experience!

Over the years in real estate business we have to learn something. If not we are fools making hte same mistakes over and over again.  We all must acknowldge that some homes will sell, and others will not!  When you see and sell a lot of homes each year you cannot help but to start connecting the dots.   Then, it all starts to make sense.  It makes your next deal easier. Unreasonable demands, and not facing the facts at hand can create a tough life in the real estate business.  It is smart to build on success, but it is also smart not to build on those things that don't work or will sap you of your time and talent.

I made a small list of items that I compiled in my own mind from a career in real estate that I thought I would share:

  1. Dirty homes never sell at a good price!
  2. Clean homes, priced right sell!
  3. Never underestimate location: commute, schools, convenience.
  4. Curb appeal really does matter!
  5. If a home looks really bad on the outside, the inside will be worse!
  6. Homes that are not well maintained will cost you.
  7. If a home needs work, do it!
  8. This is not a market to try a price for a few weeks!
  9. You learn a lot when you are listening.
  10. The barking dog is really saying, "Do not enter!"  "My bite is worse then my bark!"
  11. You make more money in real estate by not working investors!
  12. Rejecting bad business is smart business.
  13. Dreamers will waste your time!  Why not? They are already wasting theirs.
  14. It's smart to kennel pets when showing homes.
  15. Hope you enjoy your cigarettes more than a "Sold Sign" on the front lawn!
  16. Home inspections are a great thing! 
  17. Never trust a home inspector that refers you to others to get the work done!
  18. Home inspectors need to be code certified, licensed, and bonded! 
  19. Tradesmen need to be licensed and bonded!
  20. It is smart to use your senses when buying a home.  Pay attention to what you see, smell and hear!
  21. Big cracks in masonry, brick, concrete are telling your something.  Pay attention to them.
  22. Too many homes for sale on the same street may indicate something is happening.
  23. It is always a smart idea to further explore the neighborhood, and surrounding community.  
  24. Peace of mind is priceless!
  25. A home warranty is a good thing!
  26. Radon tests are a smart idea.
  27. Check for termites!
  28. A termite bond retreatment repair bond is a great investment
  29. It's always smart to get a survey!
  30. Always buy buyers title insurance!
  31. Use a local lender!
  32. Beware of agents that make promises they can't keep!
  33. It's not smart to buy a home on a major road or if it backs to a road!
  34. Never buy a home under power lines!
  35. EIFS / Synthetic Stucco look nice, but they don't sell well.
  36. "Appointment Only" homes rarely sell quickly at the best price!
  37. First offer is usually the best offer!
  38. Creative financing usually borders being illegal!
  39. If it sounds too good to be true, it is!
  40. "If I can't sell your home, I'll buy it!"  It's a confidence scam!
  41. Homes need a backyard for recreation!
  42. Lease purchases agreements very seldom if ever work out!
  43. Agents that have to be at the home when you show, give me the creeps.
  44. Agents do not like to show homes where the security system is on!
  45. Never pet animals in a home.
  46. Make sure everything you want in a home is in writing, and signed off by all parties.
  47. Never trust anyone's word - this is a business transaction. Put it in writing.
  48. When in doubt don't proceed forward - seek counsel.
  49. If something does not seem right, it isn't!  Trust your gut!
  50. If you feel uncomfortable, that is a good thing!  It is a warning system!
  51. If you hire an agent because they are cheap, it's because they are not worth more!
  52. A creek in the yard is not necessarily a good thing.
  53. Just because the home does not appear to be in a flood zone, doen't mean it isn't!
  54. Full time agents get the best results!
  55. Neighborhoods with an Homeowners Association and a pool are more sought after than those without.
  56. 4 bedroom homes are much better reselling than a 3 bed room home.
  57. Most buyers really don't like loft areas.
  58. Neutral colors are easier to sell.
  59. There is a difference between "Upgrades, and updated!"
  60. Sellers should never be in the home when it is being shown!

Jim Crawford REMAX

RE/MAX Paramount Properties  678-595-5286 Direct

Or  888-940-0074 Toll Free Office

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Comments

Pretty complete A-Z list Jim Crawford.

Posted by Andrew Mooers | Northern Maine Real Estate / Aroostook County Broker (MOOERS REALTY) 6 months ago

Great list. I wonder how many will actually take your advice? Somehow people always seem to think they're exempt.

Posted by Lisa Walston (Atlas Property Group and Abbey Church Properties) 6 months ago

Andrew Mooers | Northern Maine Real Estate / Aroostook County Broker (MOOERS REALTY) Thank you Andrew!  I am sure you you exprience a lot of the same in Northern Maine Real Estate.

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) 6 months ago

Lisa Walston (Hoosier Home Team at Tomorrow Realty, Inc)  You're right.  The rules are too easy.

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) 6 months ago

Hey Jim ~ Great observations and words of wisdom!  I would like to copy and paste them to my website, with your permission of course :)

Posted by Melinda Peterson Grants Pass Southern Oregon Real Estate Cafe (Real Estate Cafe) 6 months ago

Hi Jim, I love #60. Like Melinda, I'd love to share your list. Let me know if you are amenable to the idea.

Posted by Susie Blackmon~Ocala~Horses~Horse Farms~Social Media for Horse Industry. 6 months ago

 Jim, You've done a great job on this list. I think it covers it all!

Posted by Jen Bowman - Decatur GA Real Estate Agent serving metro Atlanta (Keller Williams Realty Atlanta Partners) 6 months ago

Jim I like item #15 about the cigs that is pretty funny! You certainly have put a good list together.

Posted by Bill Gassett Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) 6 months ago

Jim,

Good stuff. This could be the Table of Contents for that book you're writing.

Rich

Posted by Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate (Long and Foster® Real Estate, Inc.) 6 months ago

Jim...you certainly redefined "plethora" with that list...Thanks for the hard work...Cherise

Posted by Colorado Springs Realtor - Cherise Selley (Selley Group Real Estate, LLC) 6 months ago

I thought I read a short list but I think you nailed it sir!
Thanks for making me think today,
Paul

Posted by Paul Henderson, Realtor ® Lacey, DuPont or Hartstene Pointe WA. (RE/MAX Professionals & Four Seasons Inc.) 6 months ago

Melinda Peterson Grants Pass Southern Oregon Real Estate Cafe (Real Estate Cafe)  If you put a credit link back to www.AtlantaBestHomes.com for "Atlanta homes"  that would work!

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) 6 months ago

Susie Blackmon~Maggie Valley~Waynesville Real Estate Broker~Horse Person~WNC (Susie Blackmon LLC)  Glad you liked it.  Yes you can use if you would do me a favor and put a credit link back to www.AtlantaBestHomes.com for "Atlanta homes"!

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) 6 months ago

Jen Bowman - Real Estate Agent in Decatur, GA serving metro Atlanta (Success Realty )  Glad you enjoyed.

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) 6 months ago

Bill Gassett Metrowest Massachusetts Real Estate (RE/MAX Executive Realty)  Bill, the stale smell of cigarettes is overpowering these days.

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) 6 months ago

Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate (Long and Foster® Real Estate, Inc.)  Richard thanks for the idea!

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) 6 months ago

Cherise Selley - Colorado Springs Realtor (Selley Group Real Estate, LLC)  It wasn't hard to put this together this occurs in real estate pretty much every day.

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) 6 months ago

Paul Henderson, Realtor ® Lacey, DuPont or Hartstene Pointe WA. (RE/MAX Professionals & Four Seasons Inc.)  Paul I am glad you enjoyed it!  Have a great day!

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) 6 months ago

Jim, 

Fabulous and completely correct list!  I really enjoyed it and got a chuckle or two! 

All the best, Michelle

Posted by Michelle Francis, Atlanta GA (Tim Francis Realty) 6 months ago

Michelle Francis, Atlanta GA (Tim Francis Realty)  Glad you enjoyed it.  I try to keep it on the lighter side!

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) 6 months ago

Thanks so much for sharing the List Jim,

Number (1) on almost everyone of my lists is always " You Can't Lose Things You Never Had "

If this is your short list, I wonder what the Big list looks like?

 

Posted by Downtown Portland Real Estate Broker~Herb Hamilton (RE/MAX Preferred Inc. Realtors) 6 months ago

Downtown Portland Real Estate Broker~Herb Hamilton (RE/MAX Preferred Inc. Realtors)  Herb, I love it!  "You Can't Lose Things You Never Had! "

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) 6 months ago

Jim- Great list!  I love #50!  And #60 is so true!  I don't even like it if the seller is home while we are doing our weekly agent previews.  It makes things awkward when there is a seller following you through the house.  There are exceptions, but it should never be the rule!  Thanks for sharing!

Posted by Jen Olson (First Weber Group Realtors) 6 months ago

Jen Olson (First Weber Group Realtors)  I agree.  I feel the same way if I am shopping in a store and someone follows me.  I leave the store.

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) 6 months ago

A little humor and a lot of information and good stuff at that. Little surprised at the last one. BTW saw your print in the latest Realtor magazine, congratulations.

Posted by Charles Stallions Real Estate 800-309-3414 Pensacola, Fl. 5 months ago

Charles Stallions Real Estate 800-309-3414 Pensacola, Fl.   The owners cannot be there when the home is shown.  Thanks, I need to see a copy of that.

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) 5 months ago

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