Utter Shit


Poker
March 26, 2007, 10:32 am
Filed under: Work

I have often stated that real estate is much like  a really bad poker game.  And today is proving my little metaphor to the max.

I worked until 10 pm last night on an offer for one of the best homes I have ever seen.  It is so great that on Thursday after seeing it for the first time, I came home and BEGGED the boy to buy it for me.  I freak out when he buys me pizza but a $1.7M house is something I would take and enjoy.   I see maybe a hundred homes a month – so over 1000 year (and this is my 5th year) and this is only the third that has spoken to me on an emotional level.  This one pulls at my guts and says “You could be happy here”.

Needless to say, I am not writing the offer for myself or for the boy, but for some very nice clients who are freaking out over the price tag.

Long story short, we thought we had it in the bag and another offer came in and hosed it all up.  Multiple offers have been scarce around here for the last year.  When the market was hot, we just threw it all in – More money?  Sure!  No repairs? Of course! Have our firstborn wash your car once a week for the next 10 years?  You got it!

Now things have changed.  But seeing as that was the real estate I learned when I got into the biz it is hard to give up.  My gut reaction is to give, give, give.  And it probably does not help that I love the house, too.

The mom and I are psychoanalyzing the other offer and the moves than have been made between that buyer and the sellers.  Like a poker game, we are trying to figure out what the weak point was and why it did not go together before our clients saw the house.   And then make our offer stronger, cleaner, better.  This requires a lot of back and forth and the emails are flying.

Wish me luck people, I need it!


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which is good business poker or real estate ?

Comment by philippine real estate




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