Business & Finance Renting & Real Estate

The Golden Rule of Real Estate

The golden rule - do unto others as you would have them do unto you - is the rule we all learn early in life.
It's a valuable life lesson! Perhaps it is as valuable (if not more so) as gold, hence the name, the golden rule.
I tap into this lesson on almost a daily basis.
I let the thought behind the rule be my guide when I am conflicted on how to handle situations, especially when my pride rears its ugly head or I try to find justifiable cause to handle something based on principle alone.
I even hear myself referring to it when I am trying to settle disputes between my twelve year old son and my nine year old daughter.
The golden rule is priceless in a real estate transaction.
Many times unavoidable events can all but ruin a sale.
Option money checks don't get delivered on time, the lender forgets to order an appraisal, a buyer may inadvertently hurt a seller's feelings, agents have conflicts of personalities, and the list goes on.
I've seen both sides of a transaction try to seize the moment when the buyer or seller makes a mistake, or a third party to the transaction, i.
e.
, the lender or the title company takes too long to get something done.
The affected party tries to get the upper hand and use it against the other party.
I find myself wondering why this is.
Do we need to feel so empowered? Have we lost our ability to empathize or forgive? Do we sit around in our daily lives waiting for the moment when we can hold something over someone else to make them squirm? While it's true that tensions do indeed run high in this business - time is of the essence and there is no room for carelessness or lack of diligence - occasional mistakes and oversights happen on a daily basis.
What to do, what to do? I say remember the golden rule, and do unto others as you would have them do unto you.
Sometimes this philosophy may mean swallowing your pride, but remember, it's not always about being right, or coming out on top.
It's about having the grace to allow for oversights and doing the right thing.
Ultimately, the smoothness of a sale or purchase of a home can hinge on your ability to honor the golden rule.
Real estate transactions have become more and more difficult to close.
Pride and lack of empathy by any party involved does nothing to enhance a transaction.
The next time you are asked to extend a courtesy to the other side, perhaps extend a deadline, perform an inspection on a Friday instead of a Thursday, or some other minor concession, I hope you will remember the golden rule and do unto others as you would have them do unto you.
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