Cleaning up in a down market

Letters From the Home Front

Inman News®

I've been sick. It's not the "I couldn't get out of bed to meet the Queen" kind of sick, nor have I been compromised to the point where if the world ceased to exist at noon today I might not catch on until, say, November. I just feel yucky. And for me, yucky can be much worse than incapacitated. This is because it gives me too much time to think.

When I am a blur of productive activity, I tend to not notice or care that the blinds need dusting or that a very large spider has been hard at work recreating a scene from "The Munsters" somewhere near the point my south-facing dining room wall meets the volume ceiling. Yet when I slow down, either by choice or by circumstance, all I notice is the deferred maintenance. I see dirt at the atomic level and I suddenly believe that my highest priority is to either clean the carpets or plant crops.

I see the familiar junk pile near the front door, the one which could easily be mistaken for the U.S. Postal Service's bulk-mail back room, as a hideous monument to my shortcomings as a wife, a mother and a patriot. I become agitated by the fact that my daughter's ninth-grade report card is prominently displayed on my refrigerator. What proud parent doesn't do such things? The problem is that she is in college now. In short, I obsess.

Business has been slower lately. Sure, we still have our handful of listings and escrows and buyers actively looking, but we definitely have a little more time on our hands. Blame it on the calendar, blame it on Freddie, Fannie, the Lehman siblings or any of the other "guys" in the news, but it is what it is, and I learned long ago not to fight the market cycles. If history repeats, I know that when I least expect it, buyers and sellers will resurface. When they do, they typically do so all at once, making me think that they have been secretly meeting and mobilizing for that moment when they will be grabbing their phones or their computer "mouses" in one coordinated attack. Ours is a business of peaks and valleys. The key is to be ready when D-Day comes.

Today, I am getting ready. I have been keeping busy because I have not been as busy, and all I see is deferred maintenance. Now that I have time to look around, I am starting to notice the clutter. And I am a little overwhelmed. Suddenly, in my mind, everyone has a better Web site, my systems are inferior, my files are a mess, and my business plan is the "suxxor." Paranoia sets in and I am convinced my marketing plan is antiquated, my bookkeeping is the source of jokes at the annual tax preparers' holiday party, and my technology became obsolete last Thursday when I was busy ordering a pizza for delivery. Motivated by fear, the fear that I am one bad business decision away from obscurity and forced retirement, I freak out and spring to action.

So, I have been spring cleaning, but my approach is not a methodical, one-room-at-a-time approach. My mind doesn't work in a linear fashion. Rather, I start 17 things at once -- random projects living in parallel universes -- certain that through shear will order will someday be restored. I know this is wrong, but I am forging ahead. My home office has now eclipsed my junk pile on the Stack O' Unfinished Business scale. Yet, I am committed to using my down time to remodel and repair all of those boring business fixtures I am convinced are broken or may be near the end of their serviceable lives.

Sometime during my business cleaning frenzy yesterday, I misplaced my cell phone. I went five hours before realizing that I was operating without my tiny life partner. Luckily I found it -- in the garage next to the untidy files I had been rifling through. The ones seemingly shot from a cannon while wearing 3-D glasses. I missed six calls. And fortunately I am feeling a little better today, which helps me to put things in perspective. As long as I have a business, I will always have unfinished business. The nice man at the front door offering to rototill my carpets will have to wait. And as for my files, who says "A" comes before "M"? That's just obsessing. I have work to do.

Kris Berg is a real estate broker associate for Prudential California Realty in San Diego. She also writes a consumer-focused real estate blog, The San Diego Home Blog.

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Submitted by Sandy Schweiger on September 24, 2008 - 5:34am.

I always enjoy your column you have a lovely way of word smiting the parenting/wife factor in with the realtor go getter. Dust when you can, pay when you must and sell sell sell

Sandy Schweiger
Film Locations Specialist
(530)878-0321

 
Submitted by Shannon Ziccardi on September 24, 2008 - 8:31am.

It seems I laid the groundwork for beefing up my own business infrastructure some time ago. The trouble with people like us is that when we think we have done all the prudent preparation and done it well, we tend to start all over again. It is wonderful to know that others find their way from feeling yucky to seeing that the glass really is half-full. I hope we are all truly ready when that next up cycle arrives...or at least, that I am. ;-)

"A Quick Note" (Notary Signing Agent)
www.aquicknote.net

 
Submitted by Rhonda Porter on September 25, 2008 - 2:06pm.

Kris, I really enjoyed your article (you should see my home office). Slower times are a great opportunity to clean up. We all know that when business is booming, everything else begins to slide. It's the nature of the beast.

 
Submitted by Wayne Harriman on September 25, 2008 - 2:29pm.

Kris, great article and timely in this slow market. We've been doing much the same, and also painting some rooms in our house getting ready to sell it next year. I even misplaced my cell phone the other day. Oh, and you have files that start with letters...?

Jay, I've always found that it's best not to enter into a war of wits with an unarmed person, but sometimes they just stick their chin out and say, "go ahead, give me your best shot", so you just gotta knock 'em out. Nicely answered in any case, as always.

 
Submitted by Elaine Hanson on September 25, 2008 - 2:40pm.

Kris, your article made me feel so much better about my own business systems. I completely understand the feeling of looking around and finding things have gotten, well, "deferred." This line really hit home:
"My mind doesn't work in a linear fashion. Rather, I start 17 things at once -- random projects living in parallel universes -- certain that through shear will order will someday be restored."
It made me know I had a kindred spirit out there :) Your article was a good reminder to look around and take some time to bring our files and systems into good working order so that our businesses are ready for growth. This is a great time for the implementation of new and improved ideas.

 
Submitted by Kristal Kraft on September 26, 2008 - 2:19pm.

I would write a comment on your post, but somehow I have this uncontrollable urge to go home and clean...
Kristal Kraft
Selling Denver Real Estate

 
Submitted by Heinz Ahlborn on September 29, 2008 - 10:18am.

I am getting more and more fed up with Wall Street: The financial markets at Wall Street in combination with the global marketplaces have become such an interwoven, giant, monolithic, extremely complex and as recent history shows, extremely fragile marketplace. Often even financial experts lack insight and comprehensive understanding of all the interdependencies, so it is no surprise that a increasing number of private investors are getting more and more at unease with the lack of transparency.

In my opinion we need to go back to basics: Move the money from this macroscopic, behemoth and abusive market back into small businesses on main street. Brick and mortar businesses with nuts and bolts, that are in expansion mode. It is transparent, easy to understand, you see your money at work, and often, your investment will be secured by the assets of the business. In case your money sits in a 401k, don't think your hands are tied, you can roll it over to a self directed IRA. There are several plan adminstrators out there who allow you to invest into a multitude of assets, way beyond the classic choices of mutual funds.

I'd characterize this back to basics philosophy as Micro Economic Investing.
http://invest4real.biz/financialmarket.html