Confidence Classic: Master CHANGE Without Losing Control with Heather!

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Creating Confidence with Heather Monahan 42 min 2 speakers 8 chapters transcribed 4 months ago
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How do you handle uncertainty in a changing market?

Heather Monahan 0:00
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Heather Monahan 0:45
When you start freaking out and panicking, you will not be able to calm others and save others. You have to be that beacon of light, strength, clarity, and calmness. And when you remain calm, you will find the opportunity around you to solve the problem. Fear and panic will cause you to fail. So it's all about picking your head up from where you are and finding where is the opportunity. And back to lifeguarding, staying calm, not taking on the fear, but keeping calm, and keeping focused on where is that next opportunity. Come on this journey with me. Each week when you join me, we are going to chase down our goals, overcome adversity, and set you up for a better tomorrow. I'm ready for my close-up. Tell me, have you been enjoying these new bonus confidence classics episodes we've been dropping on you every week?
Heather Monahan 1:36
We've literally hundreds of episodes for you to listen to. So these bonuses are a great way to help you find the ones you may have already missed. I hope you love this one as much as I do. Hi, and welcome back. I'm so glad you're back here with me this week. Okay, so things can change so fast in our world. You don't need me to tell you that. I mean, what we've seen, I'm just looking at it from the Miami real estate market standpoint. If you've been listening to the show, then you know exactly what I'm about to say. For those of you who are new to the show, welcome. But what's been happening is out of nowhere, back at the We just sold our place. We're moving. We made a ton of money. The market's on fire. There's so many buyers that want our unit.
Heather Monahan 2:25
Why don't you list your unit and just see? So I spoke to their realtor. He said, oh, I can sell it, you know, within a couple of weeks. No problem. There were so many people coming in to see our condo.

What lessons can be learned from past recessions?

Heather Monahan 2:37
And what's funny is I never thought about selling it just because I've owned it for 16 years. Didn't even cross my mind, just lack of knowledge. I had no idea what I could get for it. And it just so happens my son goes to school really far away. So it would be a gift to be able to sell, make a lot of money and move somewhere closer to where he goes to school so that We have a lot less drive time and it's just easier. So I was super excited about it. We had so many offers at first. And of course, when you first list something or do something and you're excited, you want to get as much as you can. So we turned down a couple of offers. Little did we know that there would be major changes in rate hikes and talk of recession as well.
Heather Monahan 3:19
Everybody knows, you know, just a few weeks later. So we end up accepting an offer. And that offer completely fell apart when the people tried to do something unethical at closing. But the bottom line is I had spent all this time going to find a new place and packing us up to move and everything. And it fell apart in the end. So it was really disappointing. Then we had to go put the condo back on the market again, right? Because we had taken it off. We thought we had a deal. We had to relist it again. Anyways, it took a lot longer than we thought. By the time we got it back up on the market, it was after Memorial Day. And I will tell you, wow, what a difference showing this condo from whatever it was the first week of May for we had it up there for two weeks, I think, before we sold it.
Heather Monahan 4:03
then that fell apart and now it went back up in june and how much slower it is here so again i don't have any experience in real estate market i'm sure that every june it probably slows down in miami because it's june in miami people it's pretty hot okay but i don't have any expertise in the real estate market number one number two no one has expertise in the volatility and what's happening right now in the world with a war going on and inflation and right there's so much craziness

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