Turning Yesterday’s Defeat Into Future Real Estate Success

Turning Yesterday’s Defeat Into Future Real Estate Success


Seattle Seahawks fans are all too familiar with the sting of defeat, as the recent Super Bowl loss still resonates in the Pacific Northwest. For all intents and purposes, it is a defeat that will be felt for a while, or at least until there is reason to celebrate again. Between the lead they had in the fourth quarter and their final offensive play, there is certainly plenty to lament. Having said that; many investors are not unfamiliar with the concept of defeat. It is statistically impossible to invest in real estate for a prolonged period of time without facing some form of adversity.  For one reason or another, chances are you have lost a deal at the 11th hour.  However, it is how you confront that loss that will shape your future as a real estate investor. It is important to shake off any defeat, learn from it, and move forward.

What you learn from an unsuccessful deal is more valuable than what you take away from a profitable transaction. When you lose a big deal, it is absolutely imperative that you get back on the horse. We don’t advise rash decisions based on emotion, but do what you can to avoid any sort of sulking. Wallowing in self-pity will get you nowhere. In realty, losing a deal that you have worked hard on is the nature of the beast. No successful investor can tell you they haven’t lost a deal at one point or another. That said; it will do you no good to point fingers or blame someone else. Everyone has been in your situation. The successful investors simply realized that any defeat is a minor setback. The only thing to do is to get back at it. It may be a tough reality, but it is just that – reality.

It should take you no more than a day or two to get over any lost deal. Any more than that and you are hurting your own business. Sometimes things are just out of your control, in spite of your best efforts. There will even be times that you do everything right, but fail to close a deal. There are times when there is nothing you could have done. Just be sure to reflect on the deal enough to make an assessment as to why it didn’t go in your favor. There are plenty of moving parts in a real estate transaction. Find out where things went wrong and address the issue.

Losing a deal can be very emotional. Instead of sending scathing emails or texts that you may end up regretting, you should reach out to all parties and discuss what happened. If someone on your team, or in the deal, really did drop the ball, odds are they didn’t do it on purpose. Instead of lambasting them, work out the problem. More importantly, make sure they are prepared for the next time this issue arises. It is easy to work together when things are going well, but the real test comes in times of trials and tribulations. Your attorney may have had a lot on their plate and failed to reach out to the seller in a timely fashion. You can call and blame them for ruining the deal and throwing away six months of work, or you can get an answer as to why and see if it could happen again. If you are the only one that accepts their apology, you better believe they will remember your acceptance.

The biggest thing in business, and in life, is not to make the same mistake twice. As an investor, you will inevitably be put in the same position on a future deal. If you truly got to the bottom of what went wrong, you can eliminate these mistakes from your business. If you just chalk up a lost deal to bad luck or bad timing, you will make the same mistakes over and over again. As much as you want to give your contacts the benefit of the doubt, you should also make a determination if they are the best fit for your business. If someone else dropped the ball, you should get a sense that they know they made a mistake and want to try to fix it moving forward. If they treat it like just another deal, you know you need to make a change.

To their credit, the Seattle coaches owned up for the play call as soon as the game was over. This doesn’t necessarily make it right, but they didn’t throw the QB or receiver under the bus. If you are the one that caused the deal to blow up, you need to get out in front of it as soon as possible. Don’t wait for texts, emails and voicemails to pile up until you get your story straight. Reach out as soon as possible. If you are the reason, take the blame. Don’t throw anyone else under the bus and don’t point fingers. These calls will be uncomfortable, but you may gain the respect of your team. Remember, real estate is a people business. There is no need to burn any bridges at any point in your career.

Losing a deal you worked hard on is never fun. It is never easy to do at the time, but try to take something out of it.

See more at: http://www.fortunebuilders.com/turning-yesterdays-defeat-future-real-estate-success/

Comments

  1. You got a very wonderful website, Gladiola I noticed it through yahoo.

  2. Look here says:

    Hey! Good stuff, do tell us when you finally post something like this!

  3. this author says:

    F*ckin’ awesome things here. I’m very glad to see your post. Thanks a lot and i’m looking forward to contact you. Will you kindly drop me a mail?

  4. my link says:

    I wanted to tell you how much I actually appreciate every little thing you’ve discussed to help increase the value of the lives of an individual in this theme. Through your own articles, we have gone through just a beginner to a specialist in the area. It is truly a homage to your endeavours. Thanks

  5. there are many greeting card options that you can see in online stores but i love those that generate cute sounds”

  6. moje zródla says:

    Excellent weblog right here! after reading, i decide to buy a sleeping bag ASAP

  7. tego autora says:

    As soon as I detected this internet site I went on reddit to share some of the love with them.

  8. I had been just browsing occasionally along with to see this post. I have to admit that i’m inside hand of luck today if not getting this excellent post to see wouldn’t are achievable in my opinion, at the very least. Really appreciate your articles.

  9. Hi there for your personal broad critique, then again particularly passionate the recent Zune, and additionally intend this specific, not to mention the beneficial feedbacks other sorts of everyone has posted, will determine if is it doesn’t answer you’re looking for.

  10. You produced some decent points there. I looked on the web for that problem and discovered most people is going together with with the internet site.

  11. I’ve just been talking to Sean Gallagher about his upcoming Instant Income Cash Machine course, and he’s been kind enough to fill me in on a few details regarding his upcoming course.

  12. art posters are great for room decoration too, i use art posters on my bedroom as decorations::

  13. kontynuuj says:

    Woh I like your content , saved to favorites ! .

  14. dobra strona says:

    Man! Its like you browse my mind! You seem to grasp so much regarding this, just like you wrote the book in it or one thing. i believe that you can do with some images to drive the content home a little, besides that, this is often informative blog. A outstanding browse. unwell certainly come back again.

  15. I could not refrain from commenting. Well written!|

  16. I saw one more thing concerning this on another blog. Youve obviously spent a while with this. Done well!

  17. An impressive share, I just now given this onto a colleague who has been doing small analysis with this. And that he the fact is bought me breakfast since I found it for him.. smile. So ok, i’ll reword that: Thnx for your treat! But yeah Thnkx for spending enough time go over this, I’m strongly about it and really like reading more about this topic. If at all possible, as you grow expertise, does one mind updating your website with an increase of details? It’s extremely helpful for me. Huge thumb up because of this short article!

  18. I am typically to blogging and i also really appreciate your content. This article has truly peaks my interest. I will bookmark your blog and maintain checking achievable info.

  19. Your website seems to be actually very good. Currently being a weblog writer myself, I really appreciate the time you took in crafting this write-up.

  20. toplist ekle says:

    This excellent website truly has all the information I needed about this subject and didn’t know who to ask.

  21. toplist ekle says:

    I know this web site offers quality based articles and additional material, is there any other website which gives these information in quality?

  22. You have brought up a very great points , regards for the post.

  23. i think that plasma tvs are more expensive than LCD tvs and they are a bit heavier too’

  24. Real superb information can be found on web site.

  25. there are many good family resorts that you can find both online and offline, some are very cheap too..

  26. It’s nearly impossible to find knowledgeable men and women about this topic, however, you appear to be you know what you’re referring to! Thanks

  27. I would like to show thanks to you just for rescuing me from this particular matter. Just after checking throughout the the web and getting notions that were not powerful, I figured my life was done. Living without the approaches to the problems you have sorted out as a result of your guideline is a critical case, as well as ones that would have badly affected my career if I hadn’t noticed your web blog. Your main natural talent and kindness in controlling all the details was invaluable. I don’t know what I would have done if I hadn’t come upon such a solution like this. It’s possible to now relish my future. Thanks very much for this specialized and amazing help. I will not think twice to recommend your site to any person who would need assistance about this topic.

  28. wiecej info says:

    Awesome! I thank you your contribution to this matter. It has been insightful. my blog: master cleanse

  29. Nice post. I learn some thing more difficult on diverse blogs everyday. It will always be stimulating to read content off their writers and use something from their store. I’d would rather use some using the content in this little weblog whether you don’t mind. Natually I’ll provide link in your internet weblog. Many thanks sharing.

  30. Very nice post. I just stumbled upon your weblog and wanted to say that I’ve truly enjoyed browsing your blog posts. After all I will be subscribing to your rss feed and I hope you write again very soon!|

  31. Minoxidil says:

    You can certainly see your expertise within the article you write. The sector hopes for even more passionate writers such as you who aren’t afraid to say how they believe. At all times go after your heart.|

  32. Oksofas says:

    Good day very cool blog!! Man .. Excellent .. Superb .. I will bookmark your website and take the feeds also? I am happy to seek out a lot of helpful info here within the submit, we’d like develop extra strategies on this regard, thanks for sharing. . . . . .|

  33. Thanks so much for this information. I have to let you know I concur on several of the points you make here and others may require some further review, but I can see your viewpoint.

  34. I couldn?t resist commenting. Very well written!|

  35. swivel hook says:

    Just wish to say your article is as amazing. The clearness in your post is just spectacular and i can assume you’re an expert on this subject. Well with your permission let me to grab your RSS feed to keep updated with forthcoming post. Thanks a million and please keep up the enjoyable work.|

  36. click says:

    my sister ordered sofa beds on the internet, they are quite nice and very comfy to sit in~

  37. Youre so cool! I dont suppose Ive read anything like this prior to. So nice to uncover somebody with many original applying for grants this subject. realy thanks for beginning this up. this web site is a thing that is needed on the web, a person with some originality. valuable work for bringing a new challenge towards the internet!

  38. Can I just say what a aid to seek out somebody who really is aware of what theyre talking about on the internet. You positively know how one can bring a problem to light and make it important. More folks need to read this and perceive this aspect of the story. I cant believe youre not more in style because you definitely have the gift.

  39. Greetings! Very helpful advice in this particular post! It’s the little changes which will make the biggest changes. Thanks a lot for sharing!|

  40. Definitely,Chilly place! We stumbled on the cover and I’m your own representative. limewire limewire

  41. porno, says:

    Hey! I know this is kinda off topic however I’d figured I’d ask. Would you be interested in exchanging links or maybe guest writing a blog article or vice-versa? My site addresses a lot of the same subjects as yours and I feel we could greatly benefit from each other. If you might be interested feel free to send me an e-mail. I look forward to hearing from you! Superb blog by the way!|

  42. green hunter says:

    Heya! I just wanted to ask if you ever have any problems with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no data backup. Do you have any solutions to stop hackers?|

  43. I discovered your website site on the search engines and check many of your early posts. Keep up the top notch operate. I just now additional increase Feed to my MSN News Reader. Looking for forward to reading a lot more within you at a later date!…

  44. Its not my first time to pay a visit this web page, i am visiting this web page dailly and take fastidious information from here everyday.|

  45. Spot on with this write-up, I truly feel this site needs much more attention. I’ll probably be back again to see more, thanks for the info!|

  46. Just killing some in between class time on facebook and I discovered your article . Not normally what I desire to examine, nevertheless it was absolutely worth my time. Thanks. How do I subscribe to your blog?

  47. I love your blog.. very nice colors & theme. Did you make this website yourself or did you hire someone to do it for you? Plz respond as I’m looking to construct my own blog and would like to find out where u got this from. thanks

  48. What’s up to all, it’s actually a nice for me to pay a visit this website, it consists of helpful Information.|

  49. sprawdz says:

    My brother recommended I might like this web site. He was totally right. This post actually made my day. You can not imagine simply how much time I had

  50. Somebody essentially help to make seriously posts I would state. This is the very first time I frequented your website page and thus far? I surprised with the research you made to make this particular publish extraordinary. Excellent job!

  51. RonPiectari says:

    Amoxil Generique France [url=http://cialtobuy.com ]cheap cialis[/url] 5 Cc Dose Of Amoxicillin
    Direct Progesterone Pills No Doctor Amex Accepted
    Viagra Versand Service cialis Ou Acheter Du Viagra Pharmacie

  52. Hi, just discovered your own blog through Search engines, and found to ensure that it’s really educational. I’m gonna remain attuned for this tool. Cheers!

  53. felching says:

    Hello my family member! I want to say that this post is amazing, great written and come with approximately all vital infos. I would like to peer extra posts like this .|

  54. I haven’t checked in here for some time as I thought it was getting boring, but the last few posts are great quality so I guess I’ll add you back to my daily bloglist. You deserve it friend

  55. strona firmy says:

    Previously, “Laser Blast” held that title for me, but poor old Laser Blast is an Acadamy Award winner next to this piece of trash.

  56. Primmo says:

    Can I simply just say what a comfort to discover somebody that genuinely understands what they are talking about on the net. You certainly realize how to bring a problem to light and make it important. More people need to read this and understand this side of your story. I was surprised that you aren’t more popular because you surely have the gift.|

  57. You’re making a lot of great points during this blog post however it is very hard in my opinion to concentrate on this article on the complicated page design.

  58. Natalie Hinn says:

    Hello, I read your blogs regularly. Your writing style is awesome, keep doing what you’re doing!|

  59. Asking questions are truly nice thing if you are not understanding something entirely, except this piece of writing offers nice understanding even.|

  60. apostas says:

    It’s going to be finish of mine day, except before finish I am reading this wonderful piece of writing to increase my know-how.|

  61. sportingbet says:

    Its not my first time to visit this site, i am browsing this site dailly and take good information from here every day.|

  62. znajdz tutaj says:

    some genuinely select content on this internet site , saved to fav.

  63. Howdy would you mind letting me know which web host you’re working with? I’ve loaded your blog in 3 different browsers and I must say this blog loads a lot quicker then most. Can you recommend a good hosting provider at a fair price? Many thanks, I appreciate it!|

  64. dezynsekcja says:

    I conceive you have remarked some very interesting points , thanks for the post.

  65. Retro ROMs says:

    Thank you for sharing your thoughts. I really appreciate your efforts and I am waiting for your next post thanks once again.|

  66. Heya exceptional blog! Does running a blog similar to this take a lot of work? I have virtually no understanding of coding however I had been hoping to start my own blog in the near future. Anyhow, if you have any ideas or tips for new blog owners please share. I understand this is off subject however I just needed to ask. Thanks!|

  67. pet service says:

    Hurrah, that’s what I was searching for, what a information! present here at this webpage, thanks admin of this site.|

  68. I visited several blogs but the audio feature for audio songs existing at this web page is genuinely fabulous.|

  69. Because the admin of this web site is working, no doubt very shortly it will be famous, due to its feature contents.|

  70. Hi,. can enybody please tell me other platforms that blogger, wordpress, posterous, dupral where I can make blog posts by email?. I need a list of free blog services that allow you to make your post by email..

  71. excellent points altogether, you just gained a emblem new reader. What could you recommend about your publish that you just made a few days ago? Any positive?|

  72. Very nice post. I just stumbled upon your blog and wished to say that I have truly enjoyed browsing your blog posts. In any case I’ll be subscribing to your rss feed and I hope you write again soon!|

  73. This information is invaluable. How can I find out more?|

  74. Mescaline says:

    For the reason that the admin of this site is working, no question very rapidly it will be famous, due to its quality contents.|

  75. I used to be able to find good advice from your blog posts.|

  76. Merely wanna input on few general things, The website style is perfect, the written content is real fantastic : D.

  77. It’s wonderful that you are getting ideas from this article as well as from our argument made here.|

  78. What’s up, I log on to your blog on a regular basis. Your story-telling style is witty, keep doing what you’re doing!|

  79. certainly like your website but you have to test the spelling on several of your posts. Several of them are rife with spelling problems and I in finding it very bothersome to tell the reality on the other hand I will surely come again again.|

  80. Free porn says:

    Very insteressting, i’m going to add your blog on my directory. Great job !

Leave a Reply

Your email address will not be published.

Top