Club Chaos Agents - All Things Hollish, Wacked, and Jacked

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When “Plan A” doesn’t work out, it’s time to move on to “Plan B.” That is, if you have a “Plan B” in place!

Having a backup plan is important!There real estate business is fraught with twists and turns that can suddenly derail any transaction. These days, selling real estate is almost like walking on rice paper. You must tread very lightly or you will tear through the paper and have to start over.

So when things go awry, it’s always better to have an alternative plan already in place. It can speed up the process, reduce the stress, and inspire more confidence in the action.

Answering the “what if” question ahead of time also strengthens your negotiating position. The fear of losing a deal becomes less significant if one knows in advance that other options are available.

The fear of the unknown is powerful and leads to anxiety and distress.

But knowing in advance where you are provides a comfort level that can make life easier and more pleasant!

And can help get the deal done!

 

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Comment balloon 24 commentsRichard Weisser • March 30 2010 07:33AM

Comments

Good morning Richard,

What a great post..the picture is perfect for your title!

Posted by Dorie Dillard CRS GRI ABR, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.750.6899) about 9 years ago

Good points Richard.  And lately sometimes a Plan C and D is also needed.  Experience helps us with the plans.  And often we get those little feelings about some deals that something is up, that's when it's time to start working alternatives and contingencies.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) about 9 years ago

Thinking two steps ahead will allay many fears and frustrations...As for the guy in the picture I wonder what his alternative plan was..probably good health insurance!

Posted by Gary L. Waters Broker Associate, Bucci Realty, Fifteen Years Experience in Brevard County (Bucci Realty, Inc.) about 9 years ago

It's always good to have a backup plan in place. I've been working with a client that has her plan B, C, and D in place. She's not even concerned about the tax credit as long as she can get into one of her desired homes. Did I mention that most of them are short sales...

Posted by Home Loan Search.Online (Home Loan Search Online) about 9 years ago

In this business, plan B is a minimum requirement.  Otherwise...NO SLEEP FOR YOU!

Posted by Jenna Dixon, Empowers You With a Better Real Estate Experience (DRA Homes | Cobb County Real Estate ) about 9 years ago

It is always good to have plan "A", "B" and "C" in place while you travel along life's journey.  Typically plan "A" works, but the best laid plans rule will often take over.

Plan "D" is where most people are if plan "A" doesn't work out, or if they never had a plan "A" in the first place.  That "Plan D" is when you have the big D tattooed on your forehead for "DESPERATE".

I used to work around horses a lot.  If you are afraid of them, they can smell it, and they will have fun with you at your expense.  Buyers and Sellers are no different.  If you are desperate, they know it and you are in trouble.

Gerald

Posted by Gerald Mayo, Mr. Estes Park (Prudential Team Realty) about 9 years ago

Hi Richard, I always think ahead. People tell me don't make it a problem until it is a problem. Nothing wrong with seeing possible trouble ahead. It makes you prepared and if there is a problem, Plan B and/or C is there.

Posted by Jackie Connelly-Fornuff, "Moving at The Speed of YOU!" (Douglas Elliman Real Estate in Babylon NY) about 9 years ago

Richard, to avoid stress it is always a good idea to have a backup plan.  Great post and photo!

Posted by Rebecca Gaujot, Realtor®, Lewisburg WV, the go to agent for all real estate (Vision Quest Realty) about 9 years ago

Try to have the the answers to the questions that more then likely will arise. Good post.

Posted by Robert L. Brown, Grand Rapids Real Estate Bellabay Realty, West Mic (www.mrbrownsellsgr.com) about 9 years ago

What on earth could the guy on the ground have as a plan B? LOL

Debi

Posted by Debi Boucher, "Realtor Showcase" - Real Estate Photography/Virtual Tours ( Real Estate Showcase Photography) about 9 years ago

I have a tendency to remain positive in every situation.  But I, also, am prepared with a plan B.  Just because anything can happen.

Posted by Tammie White, Broker, Franklin TN Homes for Sale (Franklin Homes Realty LLC) about 9 years ago

Richard:  These days you need a Plan B, C & D.  It's almost like running some sort of obstacle course with issues popping up in various places.  Preparation the unexpected or unlikely event can be the difference between closing a transaction and starting from scratch.

Posted by Chris Ann Cleland, Associate Broker, Bristow, VA (Long and Foster REALTORS®, Gainesville, VA) about 9 years ago

Having a good idea of what can come and what to do if it gets here can certainly make life a lot easier my friend.

Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) about 9 years ago

Richard,

In addition to having a good alternative plan it's good to be able to think on your feet.

Posted by Terry Chenier (Homelife Glenayre Realty) about 9 years ago

Richard, very timely. I have one that is due to settle tomorrow -- and I am shocked that the rice paper is still intact! I agree with Gabe too, though, sometimes you need C & D!

Posted by Marney Kirk, Towson, Maryland Real Estate (Cummings & Co. Realtors) about 9 years ago

Richard, I will echo Gabe's sentiments. I often jokingly state "You are only as good as your 'PLAN F'"

Posted by Chris Smith, South Simcoe, Caledon, King, Orangeville Real Esta (Re/Max Chay Realty Inc., Brokerage) about 9 years ago

Plan A, plan B, and it's not a bad idea to have a "go-to-hell" plan, too. That's what you do if things go to hell.

Posted by Leslie Prest, Owner, Assoc. Broker, Prest Realty, Payson, (Leslie Prest, Prest Realty, Sales and Rentals in Payson, AZ) about 9 years ago

It also helps to not be relying on one deal.  If you have several in place at once, that one deal doesn't become such a nail biter and you can be more objective.

Posted by Jane Peters, Los Angeles real estate concierge services (Home Jane Realty) about 9 years ago

Richard...I seam to be using both A & B at the moment.  I know A will work, but needs a bit of help from B at times.

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) about 9 years ago

Richard,

I know I'm in deep doo doo if I have to go too far down the alphabet.

Rich

Posted by Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate (Coldwell Banker Residential Brokerage) about 9 years ago

A few years ago almost every deal was a piece of cake.  Now it's like going to the casino.  Snake eyes or seven?

Posted by John Walters, Licensed in Louisiana (Frank Rubi Real Estate) about 9 years ago

Richard we had to use a, b and c all in one day it's been wild. getting ready for e, f and g tomorrow!

Posted by Joan Zappa, Professional treatment of our clients, brings awes (Eagles Wings Realty) about 9 years ago

Richard, this is so true. a flowiing pipeline takes a lot of stress out of life.

Posted by Maria Morton, Kansas City Real Estate 816-560-3758 (Chartwell Kansas City Realty) about 9 years ago

Richard, yes indeed, plan ahead, But I am with Deb Boucher, what is that guys Plan B?????

Posted by Andrea Swiedler, Realtor, Southern Litchfield County CT (Berkshire Hathaway HomeServices New England Properties) about 9 years ago

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