Category: Uncategorized

  • I Will Show You the Way, But Won’t Make You Go

    I Will Show You the Way, But Won’t Make You Go

    You’ve probably noticed I offer the MBR Land Reality Check most days. Pretty much every day except Sunday. Every now and then I skip it, but not often.

    What you don’t see is me pushing people to list. Or even really asking.

    I’ll give you a clear-eyed look at the facts and a straightforward opinion of what I’d do if I were you. A surprising amount of the time, that answer is to wait.

    Most people don’t believe it’s truly no pressure. They’ve heard that before and found out later it wasn’t true.

    But a no-pressure process is what I offer, and what I deliver.

    There are a few reasons for it. Part of it is selfish. It keeps me sane. But it also works better for the people I deal with, even if it doesn’t look like it at first.

    If you’ve ever been on a car lot or sat through a timeshare presentation, you know the feeling. It doesn’t take long before you realize you’re being pulled along. You can technically leave, but now it’s awkward. People are watching. You’re going against what they’re trying to make happen.

    There’s a reason those places operate that way. They know if you leave, you’re probably not coming back. No second chances. So they try to get everything done right there, whether you’re comfortable with it or not.

    I don’t do that.

    I’m not interested in taking control from you. You’re in charge the whole time. I’ll give you the information, walk through the numbers, answer whatever questions you have, and if I think something makes sense, I’ll tell you.

    Once.

    After that, it’s your call. If you don’t want to do it, then we’re not doing it. I’m not trying to talk people into things they don’t want to do.

    What I’ve found is that when someone decides on their own that something makes sense, the whole process is different. They’re not second guessing every step. They don’t get pulled off course by every outside opinion. When something tough comes up, they can deal with it without feeling like they were pushed into the situation.

    Same deal. Different mindset.

    And it shows up in how things actually close.

    Does that mean I’ll list anything at any number you want, whether it’s realistic or not?

    No.

    I have autonomy too. And I have limited time like everyone else. There’s no charge to you on the front end, but it’s not free for me when I list something. By the time a property hits the market, I’m usually $2,000 or more into it between signage, flyers, photos, and drone work.

    So while I’m aggressive, I only take on properties that can realistically sell. And with owners who understand that.


    PS- Most landowners are not planning to sell today.

    But things can change quickly. When the time comes, the people who already understand the market tend to make better decisions.

    That’s what the MBR Land Reality Check is for. It looks at nearby sales, current listings, development pressure, and the details affecting value that aren’t obvious from the road.

    Is it a bad idea to know where things stand?


    PPS- If you’re not ready for a Reality Check but like thinking through land, markets, and negotiation this way, you can sign up below and get these in your inbox.

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  • We All Talk a Good Game

    We All Talk a Good Game

    Most people know the right answers.

    Put God first. Don’t chase money. Be content with what you have. You’ll hear all of that from people who mean it when they say it.

    And most of the time, nothing really tests it. It just sits there as something we agree with and repeat back when it comes up.

    Then something real shows up. An opportunity with a big number attached to it that doesn’t quite line up with how we say we want to live. Or a situation where saying no actually costs something. A job. Status. Comfort.

    That’s where things change.

    Not always out loud, but in practice. Because what we do is what we actually believe, not what we say.

    If someone says God told them not to take a shot, then takes it anyway to keep a job, that’s the answer.

    If someone says money doesn’t matter that much, but keeps pushing for more long after they have enough, that’s the answer.

    If someone says they trust God, but panic shows up the second things get uncertain, same thing.

    Most people don’t lie directly. It’s quieter than that. We say the right things, then make decisions that contradict them and don’t even notice the gap.

    The lottery is a clean example. Everyone’s seen how that tends to go. Not every time, but often enough that it’s predictable. People win, and then things start to come apart. Health slips, relationships get strained, the money goes faster than it should.

    It’s not complicated. When you don’t have to say no anymore, most people don’t become more disciplined. They lose whatever discipline they had. And when you can afford anything, saying no to other people gets harder too. That creates a different set of problems that money doesn’t solve.

    None of this is new information.

    But it doesn’t change behavior. People still line up to buy tickets.

    Which tells you something.

    Most of us don’t actually believe what we say we believe, at least not when there’s something in front of us that we want.

    There’s an easy test. Don’t listen to what you say. Watch what you do when it costs you something.

    That’s the part you actually believe.

    If you want to see it in real time, watch how people act when there’s real money or real pressure involved. Or just pay attention the next time you’re standing in line buying a ticket.

    And don’t tell anyone you saw me.


    P.S.– If you’d like to read through the Bible with us this year, you can join at His Word Together.

    No commentary. No telling you what to think.

    Nothing to pay for. Nothing to buy.

    Nothing fancy. Just steady time in the Word.

  • It’s Easy To Find Clients When They Do The Finding

    It’s Easy To Find Clients When They Do The Finding

    I’ve written several times recently about a deal where everything just kind of fell into place. Maybe too many times.

    Saying it all just came together is probably a slight exaggeration, but it really did feel like a few phone calls and then a closing. The parties mostly dealt directly. After the introduction, I was largely out of the loop.

    That only works when both sides know exactly what they’re doing.

    If I’m representing someone who doesn’t regularly deal in land, it looks different. They need guidance, structure, and protection. But in certain situations, especially when both sides prefer it, it’s better to step back.

    I mentioned before that doing things a certain way can put you in the path of luck. You don’t know when it shows up, but sometimes it does. To someone on the outside, it looks like it just fell out of the sky.

    The buyer from that deal tracked me down earlier this week.

    He called, wanted to talk, said he was looking for more. He liked how I handled things and thought I had a good read on what was going on.

    That’s good business on his part.

    It’s worth talking to people who are actually doing deals, especially the ones who see things clearly and move without a lot of noise.

    It’s good for me too. Knowing someone who is actively buying and can close changes the conversation.

    There’s no shortage of people trying to get in front of buyers like that. Agents, middlemen, people looking for a way to insert themselves.

    Most of those buyers are trying to talk to fewer brokers, not more.

    So when one of them looks you up and reaches out, it means something.

    I wouldn’t say I was expecting to hear from him, but it didn’t surprise me either. It goes back to operating in a way that makes things happen more often than they should.

    Most brokers are wondering where their next client is coming from. I have them coming to me on their own.

    There’s room for more, but it’s nice not having to work with iffy clients. That’s good for my clients too.

    I may never bring him something he hasn’t already seen. He’s focused and already working a tight area.

    Still useful. And still a good sign.


    PS- Most landowners are not planning to sell today.

    But things can change quickly. When the time comes, the people who already understand the market tend to make better decisions.


    That’s what the MBR Land Reality Check is for. It looks at nearby sales, current listings, development pressure, and the details affecting value that aren’t obvious from the road.

    Is it a bad idea to know where things stand?


    PPS- If you’re not ready for a Reality Check but enjoy reading about land, markets, and negotiation, you can sign up below and get these posts in your inbox.

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    By submitting, I understand I will receive marketing emails and blog posts from Mike Browning Realty and/or associated companies. Unsubscribe at any time.

  • The 4-Hour Workweek

    The 4-Hour Workweek

    It’s been a few years now, but Tim Ferriss wrote a book called The 4-Hour Workweek.

    The basic idea was that a lot of work can be automated, delegated, or redesigned so the owner doesn’t have to be involved all the time. If you do it right, the business can keep running even when you’re not there.

    That idea isn’t crazy.

    If your business requires 100 percent of your time just to stay alive, you don’t really have a business. You have a job.

    Dan Kennedy makes a similar point in a different way. He says you should design your business, especially the marketing side, so it can operate independently of you.

    At the same time, Kennedy is also famous for saying something else.

    Successful people work. A lot.

    Those two ideas sound like they contradict each other, but they really don’t.

    The real issue is focus.

    Most people who work “40 hours a week” are not actually working 40 hours. Between office chatter, long lunches, checking their phones, scrolling social media, and a hundred other little distractions, the amount of actual productive effort is a fraction of that.

    Kennedy once joked that most people already have the 4-hour workweek.

    They’ve just spread it across forty hours.

    When you actually concentrate on the task in front of you, something interesting happens. Work compresses. Problems get solved faster. Decisions happen sooner.

    Two focused hours can produce more than an entire distracted day.

    You see this in brokerage all the time.

    A deal often happens because someone noticed something and acted on it. A buyer quietly assembling land. A property that fits a need. A phone call made at the right time.

    That doesn’t usually require eighty hours a week.

    It requires someone who is actually paying attention.

    A distracted broker working twelve hours might miss the opportunity entirely.

    A focused broker working two hours might catch it.

    A lot of people think the secret is escaping work.

    Usually the real secret is doing the work you’re supposed to be doing while you’re (supposedly) doing it.


    PS – You’re probably not considering selling your land today.

    But having the most current information already on hand allows you to focus and move quickly if the time ever comes.

    The MBR Land Reality Check gets you up to speed on the latest market activity without you having to spend a week digging through listings and sales trying to figure it out yourself.

    It’s still free (for now). No obligation and never any pressure to list.

    Is it a bad idea to know how things stand?


    PPS – If you’re not ready for a Reality Check but like reading this sort of thing, sign up below and get these in your inbox (almost daily).

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  • Everyone’s An Optimist, At Least For Today

    Everyone’s An Optimist, At Least For Today

    Opening day of baseball season. Technically the first game was last night, but for most teams, today is when it starts.

    A lot of people find baseball boring, but this is one of my favorite days of the year. A couple of years ago, the Rangers won the World Series. It hasn’t gone great since, but for today at least, everyone has some level of hope.

    Teams operate with a plan. They build a roster to fill the holes from last year. The goal is simple. Score more runs. Give up fewer. While it’s all playing out, you’ll hear the usual lines about doing the little things, having a strong culture, and taking it one game at a time.

    You’ll also hear a lot about how much teams value defense. Meanwhile, if a guy can hit, he’s going in the lineup ahead of the great fielder who can’t, every time.

    They all talk a good game, but what they say doesn’t always line up with their actual plan. You have to watch what they do, not what they say.

    Otherwise you might start thinking they don’t have a plan. But they do.

    But like Mike Tyson said, everyone has a plan until they get punched in the mouth.

    You’ve got 26 guys on the roster. There will probably be an injury in the first week. Hopefully not, but it happens, and it usually happens to someone you were counting on.

    Some players don’t perform the way you expect. Others you barely thought about end up carrying more of the load than they were ever supposed to. You don’t really know until you play the games, and once you start, the plan starts changing whether you like it or not.

    That’s where patience comes in. You don’t want to overreact too early, but doing nothing isn’t the same as being patient.

    It’s the same in business.

    I know how to value a property. I know what should happen based on the market in front of it.

    The market doesn’t care.

    I’ve got a listing right now that’s priced where it needs to be. I’ve shared it with a number of agents who handle similar properties, and I haven’t gotten a single objection to the price, which if you’ve been around long enough, tells you something.

    Price is usually the first thing agents go after, even when it’s not the real problem.

    So I’m not chasing price.

    Part of it is just the nature of higher-end land. Fewer buyers. Every tract is a little different. It can take time to line up the right one.

    But if something isn’t happening, something is off. Maybe not the number. Could be exposure. Could be positioning. Could be that the right buyer hasn’t seen it yet.

    Most people default to cutting price because it feels like action. It usually isn’t.

    It’s also the one move that’s hardest to undo once you’ve made it.

    So we adjust, just not there yet. We’ll change the marketing, change the exposure, and see what that produces before touching the number.

    Plan A hasn’t worked so far.

    That tells you something.


    P.S. – Most landowners aren’t planning to sell today.

    But things change. Timing shifts, priorities change, or an opportunity shows up and you have to make a decision quicker than you expected.

    The ones who already understand their market tend to handle that better.

    That’s what the MBR Land Reality Check is for. It looks at nearby sales, current listings, and the details that actually move value, not just what people hope something is worth.

    Is it a bad idea to know where you stand?


    P.P.S. – If you’re not looking for numbers right now but you like seeing how this stuff actually plays out, you can sign up below and get these posts when I send them. Or just check back when you feel like it.

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  • Shocking Headline Calculated to Make You Open This

    Shocking Headline Calculated to Make You Open This

    Last week I got an email with the subject line:
    Breaking news: Mortgage demand sinks nearly 11% as rates hit monthslong highs.

    Normally, I try not to consume too much news. It’s a distraction, and the truly important stuff usually finds its way to you anyway.

    But this is kind of what I get paid to know, and it didn’t line up with what I’d been seeing in the real world. So I clicked.

    I mean, an 11% drop in mortgage demand in a week? That can’t be good, right?

    As always, the answer in real estate is: it depends.

    It helps to remember there are two types of customers in the mortgage market.

    People borrowing to buy.
    And people refinancing or pulling equity.

    That second group doesn’t really tell you much about the health of the housing market. It mostly reflects where rates are.

    If rates go up, fewer people refinance.
    That’s not a signal. That’s math.

    Refinance applications fell 19%. Which is a big number, but it makes perfect sense. If you already have a 3% loan, you’re not jumping into a 6% loan. And even the ones who might consider it are probably waiting to see what rates do next.

    Now look at the part that actually matters.

    Purchase applications?

    Up 1%.

    In other words, basically flat. Maybe even a little stronger.

    That’s not a collapsing market. That’s a steady one with some crosscurrents.

    This is really bad news for people who make their living selling mortgages. The rest of us, not so much.

    This isn’t to say everything is perfect. There could absolutely be challenges ahead. Rates matter. Confidence matters. Inventory matters.

    And yes, something could change tomorrow that makes this look outdated. And hopefully something didn’t happen between the time I wrote this last week and when it posted today. If so then I look pretty silly right now.

    But that’s not the point.

    The point is that most media outlets are not really in the business of providing information.

    They’re in the business of gathering attention and selling it.

    You are the product.

    The more dramatic the headline, the more clicks.
    The more clicks, the more valuable the audience.

    So you get headlines about “demand sinking,” when the part of demand that actually reflects the housing market is holding steady.

    That doesn’t mean ignore the news.

    Just understand the incentives behind it.

    Because once you do, a lot of these “shocking” stories start to look pretty ordinary.


    PS- If you own rural land, your values are (indirectly) tied to the strength of the housing market. But from what you saw above, it’s kind of hard to tell noise from signal at times.

    You’re probably not looking to sell today, but is it a bad idea to stay on top of things?

    Enter the MBR Land Reality Check.

    A current opinion of value based on actual recent sales, market activity and (yes) external factors.

    It’s free this month, never any obligation or pressure to list.


    PPS- If you’re not ready for the MBR Land Reality Check but enjoyed reading, you can get these in your inbox. Usually daily, just enter your info below.

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  • A Legend or an Out-of-Work Bum?

    A Legend or an Out-of-Work Bum?

    I’m an old guy. One of the first movies I remember seeing was Smokey and the Bandit. Late 70s, back when Burt Reynolds was on his first hairpiece.

    There’s a scene where the Burdettes walk up on the Bandit sleeping in a hammock. Little Enos looks at him and says, “Seems like a legend and an out-of-work bum look a lot alike, daddy.”

    It’s a funny line, but there’s a lot of truth in it. A lot of things in life look almost identical from the outside if you don’t know what you’re looking at.

    A legend and a bum. A disciplined person and someone who just got lucky. A successful business owner and someone who “doesn’t seem to work very much.”

    Land can be the same way.

    Two tracts can look almost identical driving down the road. Same pasture. Same fence. Same trees. But one might be sitting in the path of development while the other isn’t.

    One might have access to a nearby sewer line that actually works for the property. Sewer flows downhill, as they say. The other might technically be “near sewer,” but at the wrong elevation to connect without a lift station.

    Or they may be served by different water providers, only one of which has the capacity to add new connections.

    From the road they look the same.

    Until you understand what’s actually going on.

    That’s one reason land prices can surprise people. They’re looking at the grass. Someone else is looking at the context.

    Sometimes a legend and an out-of-work bum really do look the same.

    The difference is knowing what you’re looking at.


    PS – Land markets can be a lot like that scene in the movie.

    Two properties can look identical from the road, but the context around them can make a big difference in value.

    That’s what the MBR Land Reality Check looks at. Actual nearby sales, current listings, development pressure, utilities, and the other details that aren’t obvious just driving by.

    It’s still free this month. No obligation and never any pressure to list.

    Sometimes it helps to know what you’re really looking at.


    PPS – If you’re not ready for a Reality Check but enjoy reading about land, markets, and negotiation, you can sign up below and get these posts in your inbox.

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  • Turn This Lot on Hawk to a Porch Sitting Thing

    Turn This Lot on Hawk to a Porch Sitting Thing

    Some properties make you sort through a lot of noise before you understand what they are.

    This one doesn’t.

    It’s a little over four acres in Flower Mound. No HOA, no build timeline, and no real pressure to do anything with it right away.

    That’s most of the story.

    I’ve noticed over time that a lot of buyers say they want space, but what they usually mean is a slightly bigger lot in a neighborhood.

    This is different.

    You’re not really in a neighborhood in the way most people use that word. You’ve got room, and more importantly, you’ve got separation. That’s the part people don’t always realize they’re looking for until they see it.

    At the current price, it’s not set up as a builder deal. It doesn’t really need to be.

    This is for someone who already knows what they want to build and doesn’t want to be told how or when to do it.

    There’s a mobile home on the property. It’s livable, which gives you options. You can stay there while you plan, or use it while something else gets built.

    There’s also a chicken coop out back. Not a selling point for everyone, but it tells you how the place has been used.

    The value is still in the land. That part doesn’t change.

    Flower Mound doesn’t have many of these left. Most of what’s left gets turned into something more structured, more controlled.

    This one didn’t.

    That tends to appeal to a pretty specific buyer. Usually they know who they are.


    P.S. Most landowners aren’t planning to sell today.

    But that can change quicker than people expect. When it does, the ones who already understand their market tend to make better decisions.

    That’s what the MBR Land Reality Check is for. It looks at nearby sales, current listings, development pressure, and the things that actually move value.

    You don’t have to do anything with the info, and it can only help you.

    Is it a bad idea to know where things stand?

    It’s free (for now)


    P.P.S. If you’re not ready for that but like reading about how these properties actually work, you can sign up below and get the posts in your inbox.

    Send Me The Info!

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  • Don’t Forget When It Gets Easy

    Don’t Forget When It Gets Easy

    There’s a part of Deuteronomy that’s easy to skip past.

    It’s not about struggle or hardship. It’s about what happens when things go right.

    In Deuteronomy 8, Moses is warning the Israelites before they cross into the promised land. They are going to get there, without him, and everything will be working the way it should. Crops growing, buildings already there from the prior inhabitants, everything they need already provided.

    And he says, in plain terms, when things are going well, you’re going to think you did it.

    “My power and the might of my hand have gotten me this wealth.”

    This is when we are in the most danger. Not when things are falling apart, but when they’re working.

    We all remember to pray when something is wrong. When we’re worried, when something breaks, or when someone we love is in trouble, you don’t have to remind yourself. We start asking God to fix it. Yesterday, if possible.

    A few years ago I was in one of those stretches. I needed help and was asking for it.

    Then an opportunity came along and everything lined up. Timing, people, outcome. One of those deals where it just works.

    I had basically been asking for a miracle, and then something happened I wasn’t expecting. It wasn’t exactly what I was asking for, but it sure came in handy.

    Next thing I know I was telling myself, “Man, I did a great job on that.”

    Not really funny, but I had to laugh at myself.

    It’s easy to see dependence when you need something. It’s harder to see it when you just got it. That’s the warning.

    If you read during the week here, you’ll see I still get close to it sometimes. Like when I talk about how I operate in a way that makes it more likely that things line up.

    And that’s true. I am consciously doing things that put me in the path of what we like to call luck.

    But if I’m not careful, I can forget why it really happens.

    There’s nothing wrong with things going well. There is something wrong with rewriting the story after the fact, forgetting where it came from, how much of it was outside your control, and how quickly things can change.

    Lucky for us, God knows what we’re made of and that we go off course all the time. I think, or at least hope, He laughs sometimes too.

    Most people don’t forget on purpose. They adjust the story a little at a time until they’re the hero of it.

    Deuteronomy calls that out before it even happens.

    If things are going well right now, that’s a good thing.

    Just don’t let your memory get selective.


    P.S. If you’d like to read through the Bible with us this year, you can join at His Word Together.

    No commentary, no telling you what to think.

    Nothing to pay for, nothing to buy.

    Nothing fancy. Just steady time in the Word.

  • You Can Still Do It Your Way Here

    You Can Still Do It Your Way Here

    If you’ve been considering Gunter, you already know Bridges at Preston Crossing.

    It started as a custom home community. That’s changed a bit.

    There are new lots almost ready, but those are controlled by builders. If you want in that section, you’re working within their system.

    For some people, that’s fine.

    For others, it isn’t.

    If you want to choose your own builder, control the design, and build when it actually makes sense for you, there aren’t many options left.

    But there are still a few.

    1148 Stonebridge Pass just came back on the market at a new price.

    .35 acres, now $219K. Golf course lot backing near the 7th tee.

    No timeline to build. Bring your own builder.

    Both neighboring lots are already built, so you’re not guessing what shows up next door.

    In a neighborhood where most of the remaining activity is already locked up, this is one of the few spots left where you still get to make the decisions.

    That’s either important to you or it isn’t.

    If it is, you’ll probably want to take a look sooner rather than later.

    P.S. If you want to see more properties like this, you can sign up below and get these posts in your inbox.

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