Doomed Deals & Silver Linings

"Recycling" Market Knowledge

It doesn't happen to me that often (fortunately), but it's always a bummer when a deal I'm involved with falls apart -- as happened the other week.

But there's often a silver lining.

In the course of handling what turned out to be a doomed condo purchase in Minnetonka a few weeks ago, I became an expert on virtually every nearby Minnetonka condo and townhouse that had changed hands in the last six months.

I also spent time driving up and down the now-complete Shady Oak Road (much wider and nicer!); pulled up plans for upcoming, nearby light rail routes and stations; and became familiar with all the nearby parks and shopping amenities.

All that fresh market knowledge came in handy barely a week later, when I interviewed to list a condo in the same area.

Impressed (in part) by my state-of-the art command of the market -- the clients hired me over two other Realtors!