A little over 18 months ago, Maureen called us to let us know that she would be inheriting a family property. But it wasn't just any property. The property she would be inheriting, once the legal work was complete, would be her childhood home.
Talk about a big bundle of emotions.
Since we'd helped Maureen and her husband Tim buy and sell multiple properties in the past, she wanted our help with exploring her options.
Should she rent it out? Should she list it as-is? Should she go to the extent of renovating and 'flipping' the house for maximum ROI? What made the most sense, from both a financial and emotional standpoint?
A year later, we sat down with Tim and Maureen for a third time still looking to answer that same question. Still trying to diagnose the proper plan of attack.
We've said before and it bears repeating, "Our job is NOT to sell houses. As we see it, our duty is to immerse ourselves in each client’s situation. To help spot the opportunities. To advise from an informed position. To help determine the best course of action. And to use our knowledge, resources and experience to contribute to a better outcome.”
The key word there is “contribute.” At the end of the day, a plan is only as powerful and as profitable as those entrusted to execute it.
You see, at Three Pillars Realty, everything that we do is geared toward getting our clients a superior result. It goes back to Warren Buffett’s common sense approach to investing — something we’ve modeled our approach after.
In particular, the first two rules that Buffett lives by:
Rule Number One: “Never Lose Money”
Rule Number Two: “Never Forget Rule Number One”
And our clients who adopt the same mindset, well they, undoubtedly, enjoy the best results. We think it’s a pretty simple cause and effect equation, right?
You get out of it what you put into it.
Price and value are not the same. Price is what it is but value can be manipulated. Value is what ultimately determines what someone is willing to pay. Therefore, it stands to reason that maximizing profit is about increasing the perceived value of your home.