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The most influential factor in selling a home is always price. Don't build 'wiggle room' into the asking price. There's a price war out there and you have to win it from the get-go.
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Especially if you're over 40, shortening the term of your loan to pay it off sooner could make you mortgage-free in retirement.
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Refinancing doesn't reduce your debt, it just restructures it, so be clear about what you want to achieve with a refi.
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I did everything in my power to give my brokers brand identity and clout in the market. I saw my job as parent to build them up and if I took care of them, then they would take care of their customer.
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Every single thing I learned about marketing and building my business, I learned from my mom, and she had never been in the workforce. She just had great practical sense.
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I had probably seven agents by the time I became a legitimate real estate broker.
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I wanted to be a 150% entrepreneur and a 150% mom, and I found that I was having a very hard time doing both. I was about 75% and 75% - still better than 100%, but not what I was accustomed to at work.
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Buyers decide in the first eight seconds of seeing a home if they're interested in buying it. Get out of your car, walk in their shoes and see what they see within the first eight seconds.
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I was well motivated. What I wanted to do was work for myself. I had twenty two jobs before I started my business at the age of twenty three and I didn't want one more boss telling me what to do. So I was motivated simply because I didn't want a boss.
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The most expensive hobby a rich man could have is a boat, and the second most expensive hobby he could have is a very old house.
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If a house is priced appropriately, make a bid 10 percent below that amount.
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My mother is an amazing woman. Not only did she manage the entire household, she noticed a gift in each of her kids and instilled confidence in all of us that that gift would take us wherever we wanted to go.
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The best mistake I ever made was believing that I was stupid. It was a childhood thing, but it played out big-time as an adult. It scorned me the rest of my life - in a good way.
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Don't you dare underestimate the power of your own instinct.
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I sat down and collected all of our eleven sales for the past six months and I added them all together and divided by eleven. I then took that average and presented it as the average price for a Manhattan apartment. The media ate it up.
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Buy with your heart, not your head. You can look at all the aspects that make a purchase practical, but that kind of thinking makes it an investment rather than a home.
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I became a larger than life figure for one reason only. When you're quoted in the 'Wall Street Journal', the 'New York Times', constantly as the expert in the business people assume you're a lot bigger than you are. And then I had to run like hell to catch up with my own image.
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No one tells salesmen what they can and can't do.
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My greatest strength as a child, I realize now, was my imagination. While every other kid was reading and writing, I had seven whole hours a day to practice my imagination. When do you get that space in your life, ever?
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I have a theory and I really believe it. I think your worst weakness can become your greatest single strength.
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I built the business exactly the way my mother built and ran her family. I wanted a replication of the big, happy family I grew up in. I wanted happy people having fun.
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Refinancing your mortgage usually makes sense if you can lower your interest rate by at least two points. But the most important question to ask yourself is, how long will it take you to break even?
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Most great entrepreneurs I know are nothing like the other kids. They're almost like tangent lines - those lines that seem to go nowhere. Nothing connects them, until they get out in the real world. Then they connect just fine.
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Everybody thinks that they're going to time the market, they're going to sharpshoot the market, and buy right at the bottom. The truth of the matter is that nobody is good at it.