Mike Browning

Tag: Real Estate Transactions

  • Sometimes It Just Works

    Sometimes It Just Works

    But even then, there’s always something when it comes to real estate.

    A few weeks ago one of my clients who’s worked with me over 20 years called and asked me to help him find something pretty specialized. I don’t take that sort of project on all the time, but I did it for him.

    And I’m glad I did.

    I ran a search that day, which flagged two properties. One was basically a perfect fit, so we made a cash offer and closed it yesterday. Less than 30 days from the initial phone call to the closing table.

    Sometimes it just falls into place.

    Thanks to Amin and Perry, listing agent Bill Benton, and the folks at Texas Pioneer Title for making it all go as smoothly as possible.

    When I say as smoothly as possible, I mean everyone was on the same page from end to end. A willing buyer and seller working to get it done.

    But it’s still real estate.

    Even after close to 30 years, it seems like something I’ve never seen before pops up on almost every deal. So you never really know if it’s closing until after it’s done.

    That happened on this one too, but we got it done.

    I don’t do much buyer representation in the way a lot of agents do. For several reasons. I keep my eyes open, and if I see an opportunity I usually know who to take it to. But doing a dedicated search for a specific thing for a specific person, not nearly as often.

    If they were all like the one that closed yesterday, I might change my mind.

    We found exactly what he was looking for, got it under contract quickly, and closed in less than a month.

    Every week I look at hundreds of properties. Most aren’t worth talking about. Some are. And every so often one comes along where my first thought isn’t:

    “Who’s selling this?”

    It’s:

    “Who do I know that should see it?”

    A lot of times I have an answer immediately.

    Sometimes I don’t.

    Wrong area. Wrong deal size. They just bought something else. Whatever the reason, occasionally I end up looking at something I think deserves a closer look and don’t have the right investor to send it to.

    I’m trying to fix that.

    If you’re an investor and would like to hear about opportunities when they come across my desk, click below and tell me what you’re looking for.

    No obligation. No pressure. Just a way for me to know who might be interested when something survives the first round of filtering.

    Is it crazy to think you might want to see the deals I see?

    Learn More Here

  • Professionalism Is a Competitive Advantage

    Professionalism Is a Competitive Advantage

    Working with real pros makes everything better. You should try it.

    I closed a transaction yesterday where I represented the buyer.

    But I also know the sellers well. And I’ve worked with the brokers on the other side of the table. So it was a friendly transaction.

    Friendly doesn’t mean easy.

    There’s always something that comes up on a deal — even when both sides are conscientious, experienced, and pay close attention to the details. And that was the case here. Both sides were “detail guys.” Nobody was asleep at the wheel. Everybody knew what they were doing.

    And still, something unexpected popped up.

    The good news is it was handled it in a way that won’t be an issue for my clients when it’s their turn to sell. And the seller even told me he appreciated how my clients approached it — and that he’ll know to look out for this kind of thing in the future.

    The only bad news is that it added some time. But the main thing is we got across the finish line.

    Unforeseen issues always surprise people who don’t deal with real estate transactions regularly. They assume that if everyone is smart and honest and knows what they’re doing, the deal should unfold like a clean set of instructions.

    In reality, land and real estate deals are more like surgery. Everyone can be careful and competent, and it can still get complicated. There are simply too many moving parts — title history, surveys, legal descriptions, lenders, insurance, funding timelines, utilities, escrow instructions, contract language, etc.

    You don’t avoid problems. You handle them.

    And that’s where this deal was a blessing.

    Not just because my client is sharp. Not just because the sellers are good people. And not just because the brokers involved are the kind who actually return calls and don’t invent drama.

    It’s a blessing because when the issue came up, everyone stayed professional.

    No accusations.
    No panic.
    No ego contests.

    Just: “Okay. Here’s the obstacle. How do we solve it so everyone gets what they agreed to?”

    That sounds simple, but it’s not common.

    So two points:

    First: It’s a gift when the people you’re working with are solid. When both sides want a fair outcome, respect each other, and don’t feel the need to posture, you can work through a lot — even if it takes longer than expected.

    Second: If this is what happens when experienced professionals are on both sides… what does that say about the importance of competent representation when that’s not the case?

    Deals rarely blow up because of the big, obvious things. They blow up because of the small things — deadlines, survey quirks, contract timing, miscommunication.

    Most of the time, the difference between a deal that closes and one that falls apart is whether the people involved can stay level-headed through the surprises.

    Professionalism is a competitive advantage.

    And not just in negotiation — in everything that comes after.

    More like this? Subscribe Here!

    PS — You’re probably not looking to sell today. But the more you prepare ahead of time (when it’s not urgent), the less chance you have a big issue later (when it is urgent).

    I offer a free, no obligation value report on any land/lot properties, including recent sold comps, market trends, and notes on any issues that might need to be addressed.

    All it takes is one click below and I’ll do the rest.

    Is it ever a bad time to start working toward a smooth finish?

    Click below:

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