back to all articles

The Ups and Downs of Real Estate

by Dan O'Connor

Throwback Thursday to when I had to sell this house for the second time after the first buyer backed out 21 days into escrow. Most of Realtor’s posts (very much including myself) are “New Listings!” or “Just Solds!” But the fact is that a normal transaction is very long and hard from start to finish, and there are lots of ups and downs.
Residential real estate especially is filled with emotions on all sides that can make the decision-making process more challenging.
This house belongs to the parents of a great friend of mine (and client). They are up there in age and have already moved away. This process has been very draining for them. It’s been my job to walk them through this process and give them honest and helpful advice. It’s my duty to not fill them with things they want to hear, but what they need to hear.
It killed me when the first escrow cancelled, but in the end we sold it just one week later, for the same price, and to a much better buyer who actually realized the value in this property and has been amazing to deal with. Looking forward to closing this chapter for my clients so they can move on and focus on their daily lives without this property hanging over their heads.
For me, the ups and downs come with the territory. I have to continue to remind myself that if I continue to learn and try to be a leading expert in my job, then more good will come than bad. There’s always going to be bad stuff in life and in business- the important part is to focus on what you can change and not focus on what you can’t.
I am so grateful to be where I am today and so thankful for the clients that choose to work with me. It drives me to do my very best and that’s all I can do.
Photo: 30 Wharfside, Newport Coast
Listed for $3,599,000