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title	comments	date
FHA to Announce Significant Changes to Loan Programs	0	Feb 02, 2010
Standardized Short Sale Process	0	Jan 27, 2010
FHA Tightening Standards on Loans	0	Jan 25, 2010
Using the First-Time Buyer Tax Credit As Down Payment	0	Jan 25, 2010
Using the First-Time Buyer Tax Credit As Down Payment	0	Jan 25, 2010
How to Repair Your Home (Arlington, Fairfax, Loudoun County Homes) without Damaging Your Wallet	0	Jan 23, 2010
Investor Report: Defaulted Mortgages	0	Jan 11, 2010
Generating Wealth by Understanding the Complexities of Bank REOs	0	Jan 10, 2010
Mortgage Rates Start the New Year Slightly Lower Than They Ended the Old Year	0	Jan 10, 2010
The Near Future of Interest Rates	0	Dec 11, 2009

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Nov

Realizing “You are not the expert”, is why you are. (An example of real estate leverage)

Posted by Thomas Merical under For Buyers, For Sellers, General Information, Ask a REALTOR

Everyone in life wants to believe that they can do things better than the next person. Whether true or not, I shared this belief and to some extent, still do. However, at some point, you must decide what you Want to be good at. This is why we hire people to help us. Tiger Woods has 4 coaches, lawyers and doctors’ hardly ever answer the phone or do clerical work, and I would be willing to bet that Bill Gates does not write code for Microsoft. The business of Real Estate is a perfect example of this notion.

Lead with revenue and hold back expenses is a key principle for my company at Keller Williams and is a key principle to maximize profits through unnecessary expenses. To leverage oneself and ‘hand over’ responsibilities and/or duties can be tough for a personality that demands excellence. There is a point of diminishing returns on real estate duties and I would like to share with you a perfect example.

Here is the photographer that I have been using for quite some time now.

www.duytranphotography.com/

http://www.flickr.com/photos/duytranhomephotos/show

(For those that are hyper click sensitive, I have included the direct link) I pride myself in my photo taking abilities. Although I might feel like I am doing my clients a great service by purchasing a nice camera, taking classes in photography and looking for that great angle to show the home. As you can probably tell, I can’t compete with this quality.

Whether it is hiring some extra help around the house to spend more quality time with the kids or having “Jiffy Lube” service your vehicle, there are specialists that can help you keep your focus on what you do best. A am a Realtor, a marketing specialist, a contract and negotiation expert among other things, but I will most certainly never buy a $8k camera and am not planning on making a career change. My responsibilities’ and duties to my business and my clients made me realize that I can only do so many things at an expert level. Pick a few things you are really good at in life and delegate the rest to people that are willing and able.

Thomas Merical