Real Estate for Dummies
For real, I am no joke when it comes to my real estate practice. I love the benefits of the profession - the freedom of running your own business and unlimited income potential - but it comes with a price.
Any successful agent knows this gig can be tough on family, as I routinely put in 50+ hours per week. I work nights and weekends on the regular - so sadly, I miss many dinners with the family. Sunday brunch after church? I think not - got an open house from 1-4! Needless to say, my time is valuable, and I don't waste a minute of it.
When talking real estate, I draw a thick line between business and personal. As a friend, I can freely give my personal opinion (like saying I don't see the Virginia suburbs for Lynda's lifestyle). As a realtor, my personal opinion doesn't matter; I work to meet my clients'
objectives wherever (i.e. McLean is a great buy). I am always happy to talk to friends and family about real estate matters, but I also recommend caution when considering hiring an agent you know too personally. As a buyer's agent, that friend must be willing to share their most sensitive financial information with you, which can be difficult for some (mission impossible: Salahi). When listing a friend's home, it can be difficult to explain why you think your friend's place isn't anywhere close to what they think it's worth! This is why I am extremely numbers based as a professional - the market dictates value, not your faux-painted accent wall.
I somewhat reluctantly went out house-hunting with Tareq and Michaele. Defunct (but gorgeous) wineries don't generate cash flow. Michaele doesn't come from wealth that I am aware of - so I am SERIOUSLY doubting their money making mojo! An $8 million dollar home? Are you kidding me?
For perspective, a qualified buyer will need proof of income around $2.0 million annually to even entertain a contract. Regardless of price, my serious buyers are prepared, and quickly produce such documents. Know this: your buy/sell agent's market reputation is a BIG factor at the table. People know that my clients can do the deal. I am baffled about what "business" they can work this deal through. Time is money. I don't have time, and now, I don't believe they have money. See "Salahi-ism" above.
Legitimate clients, please go to www.stacieturnerhomes.com. My team and I are at your service.