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The Elevator is Broken...Please Take The Steps!

By: Scott McClain
Thursday, August 02, 2007 8:48 AM

It's simple logic.

Dictionary.com Unabridged (v 1.1) -

log·ic   [loj-ik]  –noun
1. the science that investigates the principles governing correct or reliable inference.
2. a particular method of reasoning or argumentation: We were unable to follow his logic.
3. the system or principles of reasoning applicable to any branch of knowledge or study.
4. reason or sound judgment, as in utterances or actions: There wasn't much logic in her move.
5. convincing forcefulness; inexorable truth or persuasiveness: the irresistible logic of the facts.
6. Computers.
 
logic. (n.d.). Dictionary.com Unabridged (v 1.1). Retrieved August 02, 2007, from Dictionary.com website: http://dictionary.reference.com/browse/logic
 
A man was walking down the street when a friend approached him and asked "Hey, where you going?". The man replied "I am going down to the college to take a course in logic." The friend asked "Logic? What's logic?" to which the man replied "Well, do you own a weedeater?" The friend responded with "Yea, I own a weedeater." The man stated "Then that means you have a yard right?" to which the friend responded "Yes, I have a yard." The man said, "Well that means you have a house right?" The friend replied "Yes, I have a house." The man said, "Well that means you have a wife right?" The friend said "Yes, I have a wife." The man retorted "Then that means you are a heterosexual right?" to which the friend responded "Yes, I am a heterosexual." "Well", the man replied, "That is logic!". The friend was so amazed by this reasoning that he stated "WOW! That is really cool! I think I will go sign up for that logic course too!
 
So the friend headed down to the college to get signed up for the course when another of his friends approached him and asked where he was headed. The friend responded that he was going to the college to sign up for the course in logic. His friend asked "Logic? What's logic?" to which the friend asked, "Well, do you own a weedeater?" and his friend responded with "No, I don't own a weedeater." The friend exclaimed "Well, then you must be one of them homosexuals!"
 
It's funny how sometimes our clients think that they have chosen the best course of action for their real estate needs and have placed blinders on that are fogging their vision of the proper and logical steps that they might need to take to best accomplish their goals in real estate.
 
A buyer that insists that they do not wish to speak to any lenders until they have found the home of their dreams basing their pricing on nothing more than the cost of the mortgage and not taking into consideration other factors that will affect the amount of monthly costs for owning the home such as taxes, insurance (homeowner's and/or private mortgage), the amount of interest, closing costs etc, etc.
 
Educating a buyer that is thinking in this manner can sometimes be challenging and even daunting and we MUST as REALTORS® take the time and effort to ensure that the buyer can be not only approved for the funds but to also ensure that they understand all the ramifications and costs involved with purchasing the home but to also keep the home after the sale and maintain it as well.
 
Allowing a buyer to preview homes that might eventually be well out of their price range can have some very damaging effects to both the buyer and the REALTOR. For instance, showing a buyer a home in the $500,000 price range to only find out later that the buyer's income and debt ratios will not support anything more than say $250,000 will waste everyone's time (including the sellers and the listing agents) and the buyer will find that, in most cases, the difference in the style, quality, location of these two different price ranges will never satisfy that buyer and they will be disappointed with any homes you show them in the price range that their ratios will support.
 
Unless the buyer is a cash buyer they will need to get approved at some point anyhow. So the logical thing to do is to take the proper steps in the order that they should be taken to ensure that the least amount of time, effort and stress are properly utilized.
 
It's simple logic...make sure they don't leave out everything in between the decision to buy a home and finding the right home. The right home is the one that the client can logically support without becoming a slave to the home. If after making all the necessary payments to ensure that they keep the home in good standing they cannot afford to fix the transmission that went out, repair the a/c that broke or take the children to the dentist then they can't afford the home.
 
Make sure and ask if they own a weedeater and ensure that they don't think it means they are a homosexual if they don't!
 
THE ELEVATOR IS BROKEN MAKE SURE THEY TAKE THE STEPS!
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Comments

Mark Cohen
Member Since '07

Mark Cohen said:

Logic?  What's that?  The real world runs on Emotion.  Logic exists only in Fantasyland, Ivory Towers, and the planet Vulcan.  In the real estate world Facts are highly over-rated for decision making and Preconceived Notions are great for decision making.  Learn to work with your buyers and sellers by reading their Emotions.  Logic will lose everytime.  If you try to teach Logic to your customers you will become as frustrated as Mr. Spock (Star Trek) was with humans.  If people were able to understand and implement Logic, do you think there would be a subprime mortgage problem today?

August 2, 2007 8:16 AM
Gregory Bain
Member Since '03

Gregory Bain said:

Mark, I'm with you. We both must be homosexuals.

August 2, 2007 8:31 AM
Candice A Donofrio
Member Since '07

Candice A Donofrio said:

It's because they are emotional that we need to be logical.

August 2, 2007 8:43 AM
Scott McClain
Member Since '06

Scott McClain said:

Mark, your point is valid. The buyers run on emotion. The entire point of this post. It is up to us as professionals to check those emotions and get them to think logically.

Are you stating that you run your business on emotion? I would think not.

August 2, 2007 9:25 AM
Mary Welch
Member Since '04

Mary Welch said:

Well I must admit, logic is what my husband comes up with to thwart all my emotional ideas. lol. When it comes to buyers and sellers, it is jam packed with emotions and it is our job to keep the balance.

Well Greg, we never suspected. Can I gift you a weedeater?

August 2, 2007 9:55 AM
Gregory Bain
Member Since '03

Gregory Bain said:

Mary, I have a problem with re-filling the fishing line in those things. And, I can't get the so called "self feed" part to do it's job. Why are weed eaters so loud? Am I showing too much emotion?

Everyone keeps talking about homes as an investment, but most people don't buy it for that reason. We don't buy cars that way either. And, when you go food shopping see what stuff is at the end of the isles or better yet the check out stand. Dollar Store? Next day junk or yard sale. Keep your house in order with logic. Sell by emotion.

August 2, 2007 12:28 PM
Mark Cohen
Member Since '03

Mark Cohen said:

Scott said above, "Mark, your point is valid. The buyers run on emotion. The entire point of this post. It is up to us as professionals to check those emotions and get them to think logically.

Are you stating that you run your business on emotion? I would think not."

My reply to Scott:

Scott, I understand where you are coming from, but I disagree that it is my job, as a professional or anything else, to teach people logic, something the entire human race might not be capable of learning.  Instead of beating my head against the wall trying to check their emotions and force them to use logic, I think it is more beneficial for everyone involved if I work with their emotions to reach a win-win situation.

Also I think that every business is run somewhat on emotions as are every other human activity.  Facts are interpreted differently by people and viewed with emotional bias.  If you can run your business purely by logic then you must have pointy ears.

August 2, 2007 1:36 PM
Lonn Dugan
Member Since '05

Lonn Dugan said:

Deep Water Here.

But it's the old EITHER / OR fallacy rearing it's head.  Some want to argue emotion vs logic.  That's "EITHER / OR".  What works best is "BOTH AND".  

Here is how it works....  Emotions create DESIRE and Logic is how we talk ourselves into doing what our emotions want...

THEREFORE:

If you as REALTOR can discern emotional desires and translate into supporting logical arguments then your prospects will ACT in the direction of the felt need instead of search and hunt and investigate and research and analyze ad nauseum...

August 2, 2007 2:12 PM
Lonn Dugan
Member Since '05

Lonn Dugan said:

BTW:  this post wins my vote!  Give the man $50 !!!!

August 2, 2007 2:13 PM
Mark Cohen
Member Since '03

Mark Cohen said:

I agree with Lonn that Emotion creates Desire.  But I think people use pseudo logic, not genuine logic, to talk themselves into doing what our emotions want.  Self- delusion maybe.  If they used real logic they wouldn't do half of the stupid things they do.  People tend to twist and turn the facts (logic) to make it come out the way they want no matter what result the logic aims at.  

My whole point was that as a realtor we have to work with people's emotions instead of teaching them to be logical as Scott suggests.  While Scott's attempt to teach people to think and act logically is a lofty ideal, I don't believe it is practical.  

August 2, 2007 2:29 PM
Scott McClain
Member Since '06

Scott McClain said:

Well, the other part of this post was a way for me to tell my joke that I find quite funny and educational at the same time.

But since you used the word "stupid" let me take you back to a message I posted regarding my philosophy on that word as it relates to the human race in general..IMHO of course....

There are basically three kinds of people..

1. Dumb

2. Ignorant

3. Stupid

Well, four if you count the smart ones like Lonn and Mark. HAHAHAHA

Anyway....

Dumb: Unable to be taught due to the lack of capacity to learn. i.e. the inability to learn.

Ignorant: Able to be taught and have a willingness to do so. i.e. an openminded person that has not allowed pride to get in the way of being educated.

Stupid: Ignorance w/out the willingness.

Of these three there is only one that is unacceptable and should be quite obvious, but in case it isn't (for the ignorant), STUPID people!

I know what to expect from a dumb person - NOTHING.

I know what to expect from an ignorant person...that I might need to show them a time or two how or what regarding some topic. Once I have taught them I can expect that they will be willing and able to do it. Perhaps even take what they have learned and make it better. (That would, again, be a smart person.)

Stupid is just simply unacceptable. The stupid person will already know it all even when they don't. That makes them very unpredictable and probably in most cases dishonest too.

I will help a dumb person. I will help an ignorant person. And I will probably learn something along the way. But a stupid person already believes they know it all and can't be taught that what they are doing is wrong and will hurt themselves or someone else in the process.

I have no room for stupid people in my life or my business.

So if they can't be "taught" to think logically at some point I say "Buh bye now!"

There is not enough money on the planet for me to work with or be around stupid people.

So, next time I'm going to dump a stupid person Mark I know who I can refer them to don't I? LOL

August 2, 2007 8:34 PM

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