The Real Estate Gamble
I was speaking with a past client last week. I helped her buy her house 11 years ago. Her house was built in 1905 and she fell in love the moment she walked in the door. The place had charm, it had character and best of all, to her, it felt good. She is only the fifth owner in over 110 years. That says something about the house. The neighborhood has changed a lot over the years and neighbors are selling to developers and building what we call “tall skinnies” on postage stamp size lots. My client understands people wanting to make money and because of the development, it has greatly increased the value of her home but she is not going anywhere. She receives phone calls, mailers, and personal solicitations frequently and she is not budging. She is determined to protect what is hers – a piece of history. She was so thankful that I was a part of helping her preserve history. She made my day telling me how happy she has been all these years and how she just wants to preserve the house and take great care of it for future generations.
It got me thinking about how much I love what I do. I get to be a part of preserving history, building wealth, new beginnings, and growth. Some may just see it as a transaction. I see it as a lifelong relationship. To some, it may just be a property. I see it as a home or a tool to build wealth. You need someone on your side to look out for your best interest. Are you trying to build wealth or are you trying to find a forever home and preserve a piece of history for future generations? You need someone who is going to be there to help you navigate through the weeds 11 years later when your precious home is being threatened. Just like a financial advisor that you trust to help you make decisions that will affect you for years to come, a great Realtor can be a wonderful resource and member of your personal advisory council.
Next time you are thinking about buying or selling, look at it with a fresh perspective. Have an advisor on your side to help you through the paperwork and possible legal pitfalls. If you wouldn’t take $100,000 or more to Vegas and throw it all down on one number, why would you trust a less-than-professional person with an investment that is likely worth much more than that? Can you do it yourself? Maybe. Should you? Probably not.
Michelle Froedge is a residential Realtor and Principal Broker in the Greater Nashville and Williamson County areas of Tennessee. “Mom” to four-legged fur babies, Tyler and Livvie, Auntie to Zelamie, she is a vegetarian and sings in her spare time. Michelle has lived in Nashville and Franklin since 1997 and has been selling homes since 2004.