Mike Browning

Tag: Collin County Land Sales

  • The Highballer

    The Highballer

    You’ve heard of lowball buyers, but others will tell you whatever you want up front.

    I’m sure most people reading here have had the experience of going to a car lot. I kind of like the process, but I’m weird. And I negotiate for a living, so it’s kind of like practice.

    But for most people, it’s like pulling teeth.

    We all know how it goes. You find a car you like and take it for a test drive. Afterwards, the salesman asks this question:

    “If I can get you the right price, would you buy the car today?”

    Well, sure. Who wouldn’t for the “right price?”

    Next step you go in the office, and they ask you for a number. You try to give them a low number, but my experience is most people don’t go low enough. (a good rule of thumb is if you’re not at least a little embarrassed by your initial offer, it’s too high)

    Salesman takes the number, acts excited, and says he’s going to go get it signed off on by his boss.

    You know what happens next. They can’t do it. You start negotiating, and they use every trick they know to play off your neediness. Including dragging the process out for hours. So you feel like you’ve wasted time if you don’t make a deal.

    If they know what they are doing (and they do), you probably end up agreeing to something you regret.

    It’s not necessarily that you shouldn’t play the game, it’s that you need to know what the game is before playing.

    A similar thing happens in land sales, especially in areas that are ripe for development.

    It’s not every buyer, but certain buyers will be very aggressive in trying to get your property under contract. Even if they are pretty sure it won’t work at the number you’re asking.

    They say, “what will it take?” You give them a number, they write it up and you sign. And you start counting the days til you can spend the money.

    Even more than you expected!

    But don’t forget there are contingencies in those contracts. They can get out of the deal, and it doesn’t usually cost them much.

    So even if you’re asking too much, they go ahead and sign it up. Worry about that later.

    Come back to you a couple months down the line, use every trick they know to get the price down, get more time, whatever. They know you have a bunch of time invested, and it’ll feel wasted if you have to start over.

    So you give in more often than not.

    Was it a dumb idea? Not necessarily. Sometimes the game is worth playing.

    But you have to know what the game is, and what to expect.

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    PS — Not every buyer works that way, and it doesn’t always mean they’re dishonest. To buy something, you’ve got to get it under contract first, and some are just more aggressive about getting there.

    The key is knowing what you’re getting into. If you’re not in the business, it’s hard to know who’s who—but you need to. Or have someone in your corner who does.

    Yes, you’ll pay on the back end—but the peace of mind is worth it.

    Is it ever a bad time to start a conversation with someone who knows the players and has the integrity to treat you right?

    Click below,

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  • Sound Good? Keep Your Head On a Swivel

    Sound Good? Keep Your Head On a Swivel

    Win/Win usually means they plan to win twice.

    There are certain phrases that just scream “look out” as soon as you hear them.

    Most guys know that if a woman says “we need to talk,” it’s not an invitation to a discussion. You’re about to be told something—most likely about how you’re being a jerk.

    If someone shows up talking about “fairness?” It’s a pretty safe bet they aren’t about to start listing ways they can improve things for you.

    And if someone tells you “it’s not about the money?” Trust me, it’s about the money.

    If you’re perceptive, you’ve noticed that all three of those things usually come right before a negotiation of some sort.

    There’s another phrase that should set off the same alarm bells: Win/Win.

    For most people, that phrase conjures visions of cooperation, collaboration, and conviviality. But win/win usually isn’t the real goal of those who preach it.

    For a trained negotiator, it’s a tactic—a way to use your good nature (and your neediness) to skin you alive.

    They say win/win, but they mean win/lose. And they don’t intend to be on the losing side.

    What win/win really means in practice is: “I’m about to demand concessions from you and give little or nothing in return.”

    And if you complain afterward? They’ll tell you the deal was fair.

    After all, any agreement you voluntarily sign is technically win/win by definition.

    Negotiation is voluntary. Everyone has the right to say “no.” The fact that you didn’t means you saw yourself as better off with the deal.

    So technically, you “won.” Just not as much as they did.

    So what do you do about it?

    First, lose your neediness. In almost every case, you don’t need to make any particular deal. You may want to, but the sun will come up tomorrow either way.

    Don’t let your need for approval push you into doing things you don’t want to. If your counterpart’s a pro, they might act offended—but that’s just theater. People actually respect those who won’t be pushed around. Once you drop the neediness, everything changes overnight.

    Finally, learn to live in your adversary’s world. You don’t have to agree with their position, but you have to understand it and be able to explain it as well as they can. When you can describe their perspective and get back a calm “That’s right,” (not “You’re right”)—you’re ready to win for real.

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    PS — I talk a lot here about how negotiation touches every part of life. It’s one of the biggest leverage points you can improve. Two of the best books I know on the subject are Start With No by Jim Camp and Never Split the Difference by Chris Voss.

    I recommend both, but you can start with either. You can buy them at the link below.

    Recommended Reading

    Disclosure: As an Amazon Associate I earn from qualifying purchases. If you buy something—anything—after clicking that link, I may receive a small commission. It doesn’t change your price.

  • Don’t Be an AI Lawyer

    Don’t Be an AI Lawyer

    Shortcuts can get you in trouble if you don’t make yourself an expert first.

    Yesterday I wrote about how doing things the hard way is often the best way in the long run. Some things are necessarily complex if you do them right — and if they’re not done right, they don’t help you succeed.

    Hard now, easy later.

    That doesn’t mean you should avoid an easier path if it truly gives you the same result. Or that you shouldn’t look for better ways to do things. It just means the goal should be to get it right first — then evolve from there.

    Like I said yesterday: hard is slow, but slow leads to smooth. Smooth leads to fast. And fast leads to easy.

    A little while after I wrote that post, I read something that said the same thing in fewer words:

    Efficiency is great, but effectiveness comes first.

    If you trade effectiveness for efficiency, you’re playing a losing game.

    There’s something new posted here most days. I try to stay ahead so I don’t have to write daily, but I write these myself. Maybe not the most efficient system — but I’ve found the more I write, the faster and better I get. And the more I write, the more ideas I have.

    If efficiency were the goal, I could hand the writing off to AI. But then you’d be reading “7 Ways to Prepare Your Property for Sale” and “Top 10 Home Staging Tips.” Clickbait.

    You wouldn’t be here if that’s what I did.

    That’s not to say AI tools can’t be useful. Proofreading, formatting, maybe. But you’d still better read the final product yourself and make sure it says what you meant.

    And don’t trust it with facts. It can make up some things that are… creative.

    And for sure don’t use it to write legal briefs. Ask the attorney who did that and ended up submitting fake case law.

    Or worse, the non-attorney who tried to use it to write court motions. I hear that didn’t go great either.

    I don’t know what the future holds, but for now AI is fine for handling some basic tasks.

    Anything that requires accuracy or precision? You’d better check it yourself.

    Which means you’d better be an expert in whatever you’re using it for.

    And how do you get to be an expert? By doing the slow, hard work — at least at first.

    Efficiency is great. But not if it compromises effectiveness.

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    PS – All this is really just a long-winded way of saying that while what I do might look easy, it isn’t. It’s taken decades of slow, hard work to get to this point.

    It’s not rocket science — but it’s not easy either.

    When it’s time to buy or sell land, is it crazy to say you might benefit from someone who’s done the hard work long enough that it’s second nature?

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  • Hard Now, Easy Later

    Hard Now, Easy Later

    Hard is slow, but slow leads to smooth. Smooth leads to fast, and fast leads to easy.

    Everyone broker wants a fast way to find sellers.

    But the fast way and the way that actually works are often two different things.

    I run two direct mail programs geared toward generating listings — one for lot owners, and one for landowners.

    The lot program’s pretty straightforward. Every lot is different, but they’re not that different. I just pick the subdivisions, remove the ones with houses, and I’ve got a list with everything I need.

    Raw land is a different story. Getting an accurate list takes real work.

    You can pull a quick data list of owners for an area, sure. But here’s the problem: the way land is handled on the tax rolls, one owner might have multiple tracts — some touching, some miles apart.

    So yeah, you can get a list to mail to. It’s fast, it’s cheap.

    But it’s also obvious you don’t really know what those owners have. And to them, it looks like every other “We buy land” letter out there.

    I tried it.

    Response was terrible.

    Those lists are fine for “Just Listed” or “Just Sold” postcards. But for an actual letter asking if they’d like to list? It just doesn’t work.

    I talk a lot about how local knowledge matters. If you’re not dealing with someone who really knows the ropes, you’re asking for trouble.

    So how do you canvas an area and sound like you actually know it?

    Simple — you make sure you do.

    For me, that means manually creating the list while I build a custom aerial and drive the area.

    That way I know exactly how many acres someone owns in a given spot. If they own more than one tract, I know that too. If they’ve got property under different company names, I can see it right away.

    When they call, I can pull up my aerial and know exactly what they’re talking about — and odds are I’ve been out there recently myself.

    Yes, it’s slow. But it’s the only way to really succeed in a relationship business.

    And there’s a compounding effect. Once the work’s done, it doesn’t change much. You benefit for a long time.

    And people notice when someone actually puts in the effort.

    A younger, more technical client once looked at my system and said, “You could do X, Y, and Z and get the same results way faster.”

    Maybe.


    But to me it’s not about speed — it’s about actually knowing the ownerships and boundaries. Without that, you’re just another database user playing a numbers game.

    Maybe I’m missing out on something big.

    But I think the results speak for themselves.

    Besides, that same client still uses my brokerage almost exclusively. So I must be doing something right.

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    Is it crazy to want to deal with someone who actually puts in the effort — instead of throwing around buzzwords to sound like it?

    You know it isn’t.

    I don’t deal in pressure, but is it ever a bad time to talk to an honest expert?

    Click below.

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  • Guaranteed Returns? Guaranteed Trouble.

    Guaranteed Returns? Guaranteed Trouble.

    Experts aren’t free — but getting scammed will cost you more.

    A few years ago, there were radio ads from an investment firm promising a guaranteed 9% return.

    That always struck me as suspicious. There’s no such thing as guaranteed investment returns. Anyone promising that is either dishonest or incompetent.

    And if you really could generate a 9% return with no risk, there wouldn’t be any need to advertise. Money managers would be running each other over to get clients into it.

    Turns out, I was right. A few years later, the guys behind the scheme were sentenced to decades in prison.

    And in the small-world department — the lead investigator who arrested them was also my daughter’s soccer coach.

    But here’s the thing: if you listen to the radio today, you’ll still hear similar promises. I won’t name names (no need to get a call from anyone’s lawyer), but the fact remains:

    There’s no free lunch. Investments carry risk.

    That’s true whether it’s financial instruments, real estate, stocks, or bonds.

    Those “opportunities” were sold through mass media — where they reach the most people, and often the ones least prepared to know what they’re getting.

    The sad part is, if the victims had talked to an honest professional, they probably would’ve been steered clear of the whole thing.

    We’ve all heard the saying: If something sounds too good to be true, it probably is.

    But here’s something else to remember:

    You always have to do your due diligence, but if the deal comes looking for you instead of the other way around, you have to be especially careful.

    So what does that have to do with real estate?

    You know I’m biased, but if it’s done properly, I think there’s much more opportunity in real estate investing than in retail stocks or mutual funds.

    If it’s done properly.

    If you’re not experienced, it’s easy to get in over your head.

    Like I said, I’m biased — but if you’re not using the services of an experienced and honest broker (hello), you’re setting yourself up for trouble.

    Is it free? No.

    Is it cheap? Not really.

    But it is a bargain.

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    If you’re looking to invest/buy or sell, is it crazy to want to have skilled people on your side?

    Didn’t think so.

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  • Respond, Don’t React

    Respond, Don’t React

    Take a breath, and avoid sabotaging yourself.

    I once had a client who went under contract with a developer on what was clearly a longshot deal. The payout would’ve been huge — if it closed.

    Before signing, I told him several times: this is a 50/50 shot at best.

    Don’t start spending the money in your head. Don’t even plan on it closing. If it happens, great — but don’t count on it.

    At first, he took that to heart. But as the process dragged on, he started asking me if maybe it might even close early.

    I warned him again, but he couldn’t help it. He was already counting chickens.

    Then came the dreaded call from the buyer: “The city killed my deal.”

    My client was furious. And instead of just taking the loss in stride, he reacted. He got so angry that the buyer wanted nothing more to do with the property — or with us.

    He slammed the door on what could have been a future opportunity, all because his emotions got the better of him.

    Just another example of an important negotiating principle: the danger usually isn’t what the other party does. It’s how you react and whether you control yourself correctly.

    Real estate deals can be emotional — especially when the numbers are big or the stakes are personal.

    But reacting in the heat of the moment almost always makes things worse. Responding, on the other hand, keeps you in control.

    When someone doesn’t do what you think they should, remember: they’re probably doing exactly what they said they would. It’s in the contract.

    Option periods, title contingencies, financing clauses — all those timelines and outs are there for a reason. Buyers don’t sign contracts because they don’t want to buy. They sign them because they want the right to find out if they can.

    If they discover something that makes the deal fall apart, you’ve just learned something valuable about your property — at no cost to you.

    If they ask for more time or a price change, don’t take it personally. That’s not an insult. It’s a negotiation. You can say yes or no. Either way, you’re still in control.

    The moment you start taking things personally, you lose perspective — and sometimes, the deal.

    The best negotiators don’t stay calm because they’re detached. They stay calm because they know the rules of the game. They read the contract. They act in their own best interest, and they expect others to do the same.

    And when you understand that, it gets a whole lot easier to respond — not react.

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    ****PS – Learning to control yourself is one of the best ways to improve your negotiating outcomes. It’s not about intimidation or chicanery, it’s about following your system. Principles above tactics. The best negotiating book I know of is Jim Camp’s Start With No. I read it once a year, when you understand the system it feels like you’re playing another game entirely.

    Unless your counterpart is using the system too, in which case things get exponentially easier for your both.

    (If that wasn’t the case, would I be telling you about it?)

    Is there any part of your life that wouldn’t improve with better negotiating skills?

    Buy it here on Amazon.

    Disclosure: As an Amazon Associate I earn from qualifying purchases. If you buy something—anything—after clicking that link, I may receive a small commission. It doesn’t change your price.

  • In the Path of Growth? More Like Right in the Middle of It.

    In the Path of Growth? More Like Right in the Middle of It.

    You don’t have to go all the way to Oklahoma to find a good deal.

    Is it crazy to want to invest where growth is already in full swing?

    Check out this ± 25 acres at or near the intersection of Hubbard Road and the future Outer Loop (exact location TBD), with 425 feet of road frontage.

    Collin County – Josephine ETJ

    Utilities nearby

    Flat to rolling terrain, no flood

    This tract is shown on the land-use plan as future residential, but keep in mind: the Outer Loop corridor could change things. And this part of the county? It’s not “on the rise”—it’s already in motion.

    Obviously the city will have major input into the future use. But if this becomes a major corridor you don’t have to squint to see this would be a great spot for destination commercial, a car dealership, or multifamily.

    By the numbers:

    • 2028 population within 5 miles? Over 20,000
    • Average household income nearby? North of $117K
    • Location? On the radar and in the way of progress

    Whether you’re land-banking, building, or just smart enough to know where North Texas growth is headed, this one deserves a closer look.

    You can download the brochure at the link below (please note Loop location shown is not set in stone, it could shift several hundred feet to the west.

    Collin County +/-25 ac

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    ***All information provided is believed to be accurate but is not guaranteed. Buyers and lessees should conduct their own due diligence and verify all facts, measurements, zoning, and other details to their own satisfaction before making any purchase or lease decisions.***

    2023-08-14 CR 596 – Concept PlanDownload
  • It Works Both Ways

    It Works Both Ways

    Customers and clients have a say too.

    Yesterday I talked about the importance of avoiding problem customers:

    Life is too short to work with bad clients.

    But smart people know it works both ways. Good customers demand — and deserve — the best.

    If you’ve been reading here for a while, you know I refer often to personal and business development books. If you’ve paid attention, you’ve probably noticed they all focus on principles, not tactics.

    In other words, they aim to shape the kind of person you become. Someone people want to deal with for the long haul. Not someone relying on short-term tricks that may work once, but leave a bad taste.

    Think about buying a car.

    If you hesitate on the deal, the salesman often switches into closing mode. Suddenly the car’s “about to be sold.” Or the higher payment “pays for itself” in lower maintenance.

    It may get the sale. But it also makes you not want to come back.

    And the higher the level of the client, the worse those tactics work.

    A close that might move an average buyer just gets you laughed out of the room by sophisticated operators.

    Those clients know what they’re doing. Most of the time, better than you do. (And even if not, they think they know better.)

    If they seem unwilling to do something, there’s a reason — even if you don’t know what it is.

    Push them, and you won’t change their mind. You’ll just get crossed off their list.

    That’s not to say everyone needs to be handled the same way.

    If my client is someone who inherited a piece of land and doesn’t know much about it, as their broker I’m the expert. I don’t pressure them, but I might need to guide them a little more.

    But if I’m working with a publicly traded homebuilder or a regional developer who’s been through countless complex deals, I’m not the expert. I’m more like a vendor. My job is to make the process as smooth as possible — not to tell them how to run their business.

    It’s one thing to sell cars to the public. It’s another to sell trucks to a construction company.

    That buyer already knows exactly what they need.

    Most of my buyer clients are investors or developers. They know their business. They also know that finding the right deal can take time. I’ve often mentioned how slow that process can be on the front end.

    And just as often, during that slow part, the agent on the other side suggests I try to “apply a little pressure.” Or say something that’s not quite true to move things along.

    No thanks.

    Over time, I’ve realized there’s probably a reason I have the clients I do — and other agents have the ones they have.

    Good customers deserve good representation.

    That’s the standard I want to live up to.

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    Interested in getting on the right side of the Principles Vs. Concepts divide?

    Check out my reading list here.

    Disclosure: As an Amazon Associate I earn from qualifying purchases. That means if you buy something—anything—after clicking that link, I may receive a small commission. It doesn’t change your price.

  • Life Is Too Short to Work With Bad Clients

    Life Is Too Short to Work With Bad Clients

    Not to mention, it’s just bad business.

    I’ve been working several months to help a client purchase a tract of land north of Dallas. The seller’s expectations have been a little too high, but it looks like we might finally be on the same page.

    The funny thing is, we haven’t been that far apart all this time. If they’d just agreed to what we proposed back in May and put the proceeds in the bank, they’d have already made enough in interest to be ahead of what they were holding out for.

    As a wise man once said, good enough today usually beats waiting for perfection later.

    But that’s not really what I want to talk about today. I want to talk about how life is too short for me — or you — to waste time working with problem clients.

    My client on this deal is one of the good ones. They’re responsive, they do what they say they’ll do, they handle things fairly, and they don’t waste people’s time. Most importantly, they treat me the way I like to be treated.

    When I was talking to the agent on the other side this week, he was complaining about how his client is hard to deal with. They keep shifting what they want (or will accept) and are tough to get a straight answer out of. Worse, any time an offer comes in, they want to negotiate his commission lower.

    He told me that after this deal he’s thinking about telling his clients he doesn’t want to represent them any more.

    I told him that while it makes sense to finish this deal and get paid, if he doesn’t kick these people to the curb at the first opportunity, he’s making a mistake. If he doesn’t, he’s signaling to everyone that he lacks the self-confidence needed to succeed in this business.

    There are far more clients needing help than any one of us has time to serve. If we spend our time on anything but the best we can find, we’re only hurting ourselves.

    Let the subpar operators work with the subpar clients and customers.

    To be my client, you have to meet the standard.

    From the client’s side, they’re being so shortsighted it’s going to be hard for them to succeed long-term as investors. The old maxim is that you make your money when you buy, not when you sell. To make the most money, you need to be shown the best deals.

    If I have a good deal, I have a list of potential clients it might fit. The best ones get to see it first. The guys who don’t want to pay full commissions? They may not see it at all.

    You probably have problem clients or customers in your business too. Do yourself a favor and fire them — or at least threaten to if they don’t shape up.

    It can be scary. But have faith: there are more clients out there than you have time to serve. Almost every time you let a bad one go, they’re replaced by a better one.

    Happens pretty much every time, assuming you’re operating correctly.

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    If you’ve been reading here awhile and haven’t felt the urge to run away, you’re probably the type who likes straight talk, quiet competence, and fair dealing (going both ways).

    You’re probably not ready to buy or sell today, but it never hurts to be ready. The best opportunities are short lived, and the faster you’re able to move when it’s time, the better.

    Aside from that, is there ever a bad time to begin a conversation with a like minded expert?

    Got a lot you might want to sell?
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  • Don’t Put on a Show

    Don’t Put on a Show

    You save everyone time when you just tell people what you’re going to do.

    I’ve written before about how people make decisions emotionally, then come up with “reasons” afterward.

    Most of us understand this—about “other people.”

    But it’s all of us. We just do it so fast we pretend it didn’t happen.

    When the stakes feel big, we drag out the charade. Take buying a car.

    Most buyers know pretty early which one they want.

    But they’ll still go test-drive three other models, as if the choice is still up in the air. It makes them feel rational and thorough, even though the decision was made in the first hour.

    But it wastes the time of those salesmen, which isn’t right. Not to mention most people don’t like dealing with car salesmen, so why subject yourself to more of that than you need to?

    Hiring is the same.

    My daughter had a second interview lined up this week. A few hours before, the company called to say they’d decided to hire someone else.

    Not fun to hear, but it saved her a trip and a pointless conversation.

    A lot of companies would have gone ahead with the meeting just to look like they were “following procedure.” This company didn’t, and I respect them for it.

    As it turned out, it worked out better for her anyway. Another company called a few minutes later and offered her a better job.

    Real estate is no different.

    A seller will line up three or four brokers, invite us out, and have us give our pitch. But most of the time, the seller already knows who they’re going to hire.

    The presentations just make them feel like they’re being diligent.

    Sometimes the choice is made for them: cousin Karen sells houses, and it would cause family drama not to use her.

    That’s understandable, although selling land isn’t the same as selling a house.

    The rules of the game are different — from pricing and access, to how you market it, to how you negotiate.

    You want someone who plays that game every day, not just someone who’s good at selling houses. Although you may just have to use her anyway. So just do it.

    I try to get to the truth early.

    By asking the right questions, I can usually tell if I’m the Favorite—the one they really want to hire—or the Fool—the one they’re just talking to because they think they should.

    If I’m the Fool, I stop chasing.

    That saves me time and spares them the awkward “we went another direction” call later.

    Sounds callous, but it helps everyone.

    It cuts down on the wasted meetings and long sales pitches.

    It takes some of the stress out of the process for the seller too. They don’t have to pretend to be undecided just to feel like they’ve done their homework.

    Is it perfect? No. Can you ever “win” a listing if they were set on someone else? Sometimes.

    But the time saved, the reduced angst on both sides—that’s worth a lot.

    The truth is, most of us decide faster than we admit.

    There’s no shame in that.

    The trick is to recognize it and move forward, instead of staging a show for appearances.

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