My Purpose and Resolve

I've always been taught, "a penny saved is a penny earned", and that everyone has their own "2 cents" to add to how we ought to go through this journey we call life. Imagine if we were to save all those insightful "2 cents", imagine how "rich" our lives would become! I hope this blog will not only inspire, but allow for knowledge and growth in the Treasure Valley Real Estate Market. And PLEASE, share this blog with your friends! When we all add our "2 cents" together, their value truly has no limits!

Tuesday, July 31, 2012

Real Estate Trust...... NO, the OTHER kind of "TRUST".

reliance on the integrity, strength, ability, surety, etc., of a person or thing; confidence.

I wanted to express myself today, on a topic I believe reaches far beyond the scopes of just Real Estate, and speak to the concept of “sticking your neck out there a little bit”, to the notion really allowing yourself to TRUST  the Real Estate professionals that you work with every day in your voyage to purchasing or selling a home.

(Something I believe as a culture we have numbed ourselves to the ability to offer Trust to just about anyone, and many live their lives with a certainty that the world is out to somehow screw them.)

 I want to first say that to have “TRUST”, or displaying trust in an expert (in any line of profession) is not a sign of being naïve, nor is it an excuse to act or be naïve!  You, as the buyer or seller, need to be EDUCATED and understand what is going on. And when working with the Professional in that field (in this instance Real Estate), that professional ought to be able to help further educate you.

So as I stated before, being educated and not NAÏVE, is not what this blog is about. This article is about that moment of uncertainty where you are no longer in the divers seats, when all your “learned reasoning” is no longer aiding you in your purchase process, rather creating walls due to a lack of TRUST. It’s about that moment, that happens oh so many times in Real Estate, where a buyer or seller can push a deal to “fall”, or they can trust in the professionals around them and “JUMP”!!!!! 

I love this scene from Aladdin, and as I watched it again today, I realized how simalar this can be to a Real Estate transaction!

In the scene Jasmine (The Client) is far outside her comfort zone of the "palace" and has placed herself into the world of Aladdin (The Agent).

In the beginning of the scene everything is going great!!! It’s going perfect; in fact Aladdin almost has a kiss (you almost have the house). And then the bad guys show up waiving their swords (and then the lender, or Title Company, or the bank you are buying the house from shows up waiving addendums or additional documents that need to be signed). 

I can honestly say in that moment the Buyer AND the Agent both feel like the bad guys are “After them”. There is nothing worse.

This is obviously a situation neither had saw coming , but the thing that the guards and Jasmine lack the most is KNOWLEDGE OF THE FIELD. Aladdin, although not expecting this surprise, is a PRO in that FIELD!! And although Aladdin may not be able in “BLACK AND WHITE” to PROVE to Jasmine in that moment that he can save her, he with out a doubt gives Jasmine the best chance of survival.  (Sometimes in Real Estate all parties have to have a little TRUST in the others involved. So many times you hear “I need that in writing” when really, a little trust would go along way. Obviously there are MANY aspects of a purchasing process the NEED to be in “BLACK AND WHITE” but there are others that if left at the value of ones words or at the value of one’s hand shake would actually hold more BOND than a piece of paper.)

And finally in the scene Aladdin has to be BLUNT, and he just asks the question “DO YOU TRUST ME?”

I would counsel both Aladdin (the agents) and Jasmine (the Client) to invest in TRUST.  As an AGENT and a PROFESSIONAL in this industry, you need to establish MANY , MANY trust worthy relationships with other PROFESSIONALS in the industry (from title, to lenders, etc., etc.), you have to be educated and skilled and have a passion for what you do, so that when you have to ask the client, “DO YOU TRUST ME?” you know that you actually have the backing to extend forth the request for one’s trust!

And finally as “the Client”, I would advise one to be educated, choose to work with some of character and experience, AND THEN allow yourself to TRUST that individual when the time comes to do so.

I leave you with this:
Do not trust all men, but trust men of worth; the former course is silly, the latter a mark of prudence.

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