Love story - it's all about family

Have you ever had a special business transaction that made you happy, where the glow stayed with you long after the transaction had finished?

Over the years I've had some very special transactions, including one several years ago that doesn't fail to bring a smile to my face whenever I think of it.

A neighbor spotted me in Trader Joe's one day and after we said hello she went on to say, "I've been meaning to call you....."

This woman, who I'll call Grace, is the mother of 6 grown children. Most of the children are out in the world, self-sufficient. One son, let's call him Dan, has some difficulties in life that are simply a part of him, a part of who he is.

Grace and her husband Max (in his late 80s at the time and not in the most robust of health) were getting up in years, and concern for their son Dan was weighing heavily on them. What would become of him when the time came for them to sell the family home? Where would Dan live?

For Dan, being close to familiar surroundings is important; a short well-known commute to his job is necessary. He is a valued employee at this job, where stocking shelves is a big part of his day. This is not a high tech job, no Silicon Valley stock options, huge year-end bonuses or hope of a buy-out to create instant wealth.

And our San Francisco Peninsula is one of the most expensive places to live in the country!

On a very limited budget, we started investigating studio units in condo buildings. The north end of San Mateo County had a couple, but that was too far away from the anchors Dan needs; so was San Jose and Santa Clara with less expensive opportunities.

Finally we found a studio close by, in a location Dan was comfortable with, but the list price was more than the family could afford. Fortunately, our market was slower than it is today, and condos were languishing. We made an offer, about 20% lower than asking; it was all the buyers could do. No dice.

I kept my eye on the property. About 6 months later it still hadn't sold, and the price was reduced a bit. Grace and Max and Dan had found an additional $5,000 so we went back with an offer $5,000 higher than before. Now we were only about 10% lower than the revised asking price.

This time the seller accepted my buyers' offer!

Grace and Max and I have stayed in touch; Dan is very happy at his home; Grace and Max have a huge worry off their shoulders. Their dream was accomplished. And the icing on the cake: with our rapid appreciation in housing prices, the condo is worth today at least 40% more than the purchase price they struggled so hard to reach.

When I think of a lovely transaction, this is the one that pops into mind. But there are others, too!

housing love stories

 

--- 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 13 commentsLottie Kendall • February 26 2014 07:47PM

Comments

What an uplifting post. You are correct some of the most rewarding moments in real estate are when we are able to help someone achieve their goals. It isn't about anything other than the people we are blessed to get to work with in our business. I bet they will never forget how you made them feel and all of your hard work.

 

Posted by Anna Hatridge, Missouri Realtor with Goodson Realty (Goodson Realty) over 3 years ago

Good morning Lottie. I can truly understand why this story has such meaning for you. You made such a difference in all their lives and at this point the parents can rest easier.

Posted by Joe Petrowsky, Your Mortgage Consultant for Life (Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709) over 3 years ago

Good morning, Lottie....I can't imagine you having anything but a happy story for your clients....

Posted by Barbara Todaro, "Franklin MA Homes" (RE/MAX Executive Realty ) over 3 years ago

Perfect story to start my Thursday morning.....what a relief for Grace and Max to know that Dan is settled in a place he is comfortable in, and all because of "Lottie".

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) over 3 years ago

Anna, it is all about the people. Every one of them, buyers and sellers, have hopes for the future; this one seemed extra important to me, and not at all assured we could find the answer.

Joe, as a parent, I know how we worry about our children; helping the parents achieve some peace of mind was a huge deal to me.

Thanks, Barbara. That's the goal!

Roger, many a morning you've started my day off on the right foot--glad I could turn the tables today.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) over 3 years ago

Lottie - You really care about your clients and that's what makes you a very special agent in the San Francisco area!

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) over 3 years ago

Laura, you're right, I do care about my clients. Perhaps because I'm a mother of grown children, but I could really put myself in the parents' shoes, and know how important--and how unlikely another place would come on they had a chance of affording--getting their son into a place was for them.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) over 3 years ago

Lottie  You make my day easier when I read about how you find a way to make it work...thanks for all you do!

Posted by John G. Johnston, An Exclusive Buyer's Agent ~ Westcliffe, CO (John G. Johnston & Associates, LLC) over 3 years ago

John, making it work is what makes our jobs more than a job - especially when it is so important to our clients.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) over 3 years ago

Hello Lottie,

Special needs, such as these, weigh heavily on parents.  You did more than take a load off of their shoulders, well done!

Posted by Lisa Von Domek, ....Experience Isn't Expensive.... It's Priceless! (Lisa Von Domek & Associates LLC Team) over 3 years ago

Hi Lisa, you're right. It was such a joy to see this one come together.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) over 3 years ago

Thanks Lottie for the reminder that real estate is about so much more than buying and selling houses. It's about touching lives and being touched by the lives of others.

Stacey Williams - Experienced Metro Atlanta Real Estate Agent Ken Harris and Associates Realty                                                                                         (678)523-1621 - Direct                                             www.MetroATLRealEstate.com                              Stacey@MetroATLRealEstate.com

Posted by Stacey Williams, Experienced Metro Atlanta Real Estate Agent over 3 years ago

Stacey, you nailed it--real estate does touch lives.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) over 3 years ago

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