All Forum Posts by: Mark Ferguson

 The problem with this is what is a "short delay"? Is it a week, 10 days, 2 weeks, three weeks, 20 days? This seems like a very arbitrary argument and the buyer missed not one, but two extensions. What is the point of a contract if they can be enforced even though the buyer missed their dates and the seller did not agree to extend? I would love to see the court case where the judge agreed to keep a contract binding when this happened.  

If the buyer needed more time to close than the original contract should have been pushed out to accommodate that time. If they needed more time for an extension the original extension should have been longer. Dragging things out over and over shows me the buyers aren't serious or the lender or agent don't know what they are doing. In any case, the chances of closing do not look good. 

I see no possible way the agent has a claim to the commission. 

 Haha, I think it would help if you had a monthly meeting to not just discuss that goal, but other goals you have as well. Then maybe you won't get frustrated as much!

 Are you talking about Think and Grow Rich? 

That is not even a real estate book. It is a book written about 70 years ago on success. 

 Very cool! Do you guys review other goals together and review the progress on your current goal throughout the year?

I am a huge believer that our attitude and mindset helps us succeed. Think and Grow Rich is one of my all time favorite books and I am re-reading it right now. I was curious how many of you think your mindset and attitude are a big part of your success or non success (I don't like the word failure)? 

Over the last year I had a lot of success, but I didn't hit many of my goals. This is not always a bad thing when you have huge massive goals, but I also think I could have done much better. Here is my plan for the next year to change things, especially my mindset.  

1. Last year I got away from doing a daily routine. I used to meditate every night, write in a grateful journal, plan my next day and visualize my future success. I did this almost every night without fail. I went to bed relaxed, thinking about my goals and thinking about future success. In 2015 I stopped doing this as much. Some times I would go a week or two. I figured with 4 year old twins and everything else going on I didn't have to do it every night. The last the few months I have gone back to a daily routine and already seen better results. 

2. Goal setting. I am a huge believer in big goals. I have my goal to purchase 100 rentals by 2023 and I had  a goal to buy a Lamborghini in 2014 which I did! I continue to make new and big goals all year round. It helps to have a blog where I publish my goals to keep me accountable. part of my daily routine was reviewing my big goals every night. I got away from that a little as well. It did help that I was able to publish a four part series on my goals during the year for Realtor Magazine, but I need to do better on my own!

3. Being positive. Yes, I am a huge believer in being positive. There is too much negativity in this world or at least perceived negativity from the media. I try to be as happy as I can every day. It is not easy, but it sure makes me feel better when I can do that. It makes my family happier, which makes people they interact with happier and so on. It also makes me more successful, because I know no matter how grim things may be it will all work out in the end if I keep at it. 

Thoughts? How many of you are doing similar things?

I am motivated by many things. I want to make a difference in the world. I do not want to be average. I want to see that I made at least a small dent in the lives of others. How they think, invest and believe in themselves. 

I also love cars! 

 I agree. You can't assume a market is over priced just because prices are higher than the peak. The natural rules of economics mean prices will always go up in most areas. Denver and Colorado markets are really strong. People have been moving into Colorado for years and years and years. 

 I gotcha now. Very true. Most people also have very vaque and broad goals that can't be measured. If you don't know what you want, you will never get it. 

Actually HUD does supercede some state guidelines like Colorado's law that all houses that sell must have carbon monoxide detectors.

But, I would also argue that HUD does not encourage people to market their homes after they have a contract on them. You can't advertise a different price on Facebook or cragslist before the house is purchased. In fact with HUD it could even be considered a felony since you are dealing with the gov. I am a HUD listing broker. Putting yard signs up anywhere near or on the property advertising it for sale is also not allowed.

the last two short sales I bought had strictions on selling the house. I had to wait either 60 or 30 days to sell it after I bought. You also cannot assign a short sale.