Not a Big Deal, or is it? You decide.

Once again, our colleague Debbie Reynolds, the "real" Debbie Reynolds, real estate agent in Clarksville,Tennesee, is challenging us to think about what we consider a Big Deal or Not a Big Deal. Check out her post, and then share your story with us.

For me, my Not A Big Deal/Big Deal, is one of the most memorable sales I've had, and began early in 2010.

One day as I was in our local Trader Joe's (where I always run into someone I know) a neighbor who receives my monthly newsletters was shopping; we stopped to chat briefly and she said, "I've been meaning to call you......"

We set a time to meet and I learned what was weighing on her mind. She and her husband are getting up in years, and were concerned about where one of their sons would live when the time came for his parents to leave their family home. Their son is in his forties, is employed, but has challenges in life that would never allow him to advance to a point where he could have secure housing - our area is simply too expensive.

When I learned what their top dollar was I had that sinking feeling that perhaps I wouldn't be able to find a place where the son would feel comfortable since it had to be near his job and near family and friends. Rarely do condos hit the market at a price anywhere close to what they could afford.

Lo and behold, that summer a studio condo came on the market for $175,000, above their means. I presented their best offer for $150,000, but it was turned down. We brainstormed how to raise additional money--perhaps siblings could each chip in a bit? No, everyone was feeling the financial strain and couldn't take on anything additional. That wasn't an option.

We waited; nothing else came on the market. It seems like John (not his name) would be out of luck. But our condo market was slow, and the condo sat.

One day, early in January 2011, the list price dropped to $170,000; the parents were able to increase their offer to $155,000. I presented it, reminding the agent and seller that we were the earlier offer, that it was perfect for this buyer, that it likely was his only opportunity, that they would have their money in a matter of weeks if they accepted the offer and that they would have the good feeling of knowing they made a huge difference in the life of both parents and son.

It worked! Offer accepted! Transaction closed! Son excited! Parents' worry was lightened. John had secure housing for the future.

Except for a vacation cabin on leased land, this remains the smallest transaction, price-wise, that I've handled. Emotionally, it is one of the biggest, and brings a smile to my face to this day. There's no better feeling than knowing that you helped great people in a challenging situation.

Big Deal or No Big Deal -- you decide.

question mark

 

--- Come for a visit; Stay for a lifetime!

Lottie Kendall, Realtor®

Today | Sotheby's International Realty

San Carlos, California, 94070

CA BRE#01215160; 650-465-4547

Lottie@LottieKendall.com;

www.LottieKendall.com

www.SFCondosForMe.com

 

 

Comment balloon 20 commentsLottie Kendall • December 10 2013 06:02PM

Comments

It was a big deal to your clients!  The amount of commission would be secondary to me.

Posted by Carla Muss-Jacobs, Principal Broker (503) 810-7192, Buyer Focused ~ Buyer Results (BuyersAgentPortland.com | Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% of the Time) almost 4 years ago

Great story Lottie.  Of course it was a big deal to your clients.  Good job!

Posted by Jim Patton, Realtor - Stanislaus & Merced county Realtor. (Century 21 M&M - 209-404-0816) almost 4 years ago

Absolutely, Carla and Jim. Can I call it a big little deal?? One of my favorites!

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) almost 4 years ago

Lottie, I consider this a very big deal and appreciate you for sharing!  It's wonderful when a plan comes together. 

Posted by Rebecca Foresee, Let's foresee the possibilities . and get results! (Alain Pinel Realtors) almost 4 years ago

Rebecca, I could consider this not a big deal--why wouldn't I help my neighbor? But I can also consider it a big deal since it was looking so bleak, and we were able to bring about a wonderful purchase. Real estate isn't about the commission--this was every bit as worthwhile as my larger sales.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) almost 4 years ago

 Good morning Lottie. Yes, depending upon who is viewing the situation, this could be a big deal! Thank you for sharing.

Posted by TeamCHI - Complete Home Inspections, Inc., Home Inspectons - Nashville, TN area - 615.661.029 (Complete Home Inspections, Inc.) almost 4 years ago

Nice job sharing this success story with all of us. The bottom line is you got the job done for your client.

Posted by Joe Petrowsky, Your Mortgage Consultant for Life (Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709) almost 4 years ago

Any time you can help your clients achieve something within their means, it's a big deal.  Great story Lottie.

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) almost 4 years ago

Hi Michael, Joe, Roger -- I'm glad my Active Rain friends think this is a Big Deal; I rather thought you wouild see it that way This 'little deal' really is a 'big deal.'

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) almost 4 years ago

Lottie-They had to wait a while to get the right situation. Sounds like a big deal to me, regardless the price.

Posted by Wayne Johnson, San Antonio REALTOR, San Antonio Homes For Sale (Coldwell Banker D'Ann Harper REALTORS®) almost 4 years ago

Lottie - Your little deal, was a big deal when it comes to the peace of mind of your aging clients, and that is priceless when it comes to our jobs!

Posted by Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com, Tahoe Real Estate Agent Helping Buyers and Sellers (Coldwell Banker, Tahoe City, CA (530) 414-1260) almost 4 years ago

Wayne, you're right. The price isn't what's important.

Laura, peace of mind was a wonderful gift to be able to help bring about.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) almost 4 years ago

Lottie  Price doesn't matter but the heart does.  This one touched their hearts.  Congratulations!

Posted by John G. Johnston, An Exclusive Buyer's Agent ~ Westcliffe, CO (John G. Johnston & Associates, LLC) almost 4 years ago

You've got it, John. This is exactly why we do what we do.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) almost 4 years ago

Lottie, that's a beautiful story AND a very big deal. I can't believe your prices are so high. That price is higher than the average Single Family home in Nashville!

Posted by Connie Harvey, Realtor - Nashville TN Real Estate (Pilkerton Realtors) almost 4 years ago

Hi Connie - yes, our prices are super high, so it creates a huge challenge for buyers in situations like this one. I was SO happy this one came together--it put huge smiles on all of our faces.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) almost 4 years ago

Lottie, It was a very big deal in the lives of those you served. We know it is not about money.  If it were ... it would be no big deal.  Great job!  I am not at all surprised you pulled a rabbit out of a hat and created magic in their lives.

Posted by Kathleen Daniels, San Jose Homes for Sale - Probate Broker (KD Realty - 408.972.1822) almost 4 years ago

Kathleen, you've got it! This 'little deal' is one of my 'big deals' and one of my happiest.

 

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) almost 4 years ago

Lottie, Perserverance wins out and he got his condo. Good Job. Thanks for your entry in the contest.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) almost 4 years ago

Debbie, my thanks to you for putting this together. I've enjoyed participating, but reading so many stories even more.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) almost 4 years ago

Participate