I’ve closed over $500K in sales for my coaching business… but today I was shaking on the phone.
I had to call a seller in Ohio and renegotiate a price we had already agreed on.
Why? Because I made a rookie mistake…
I underestimated repair costs on my first novation deal.
The agent I’m working with walked the property, sent me videos, and flat-out said,
“You’re going to lose money if you don’t go back and fix the contract.”
I’ve done sales for 4+ years. I’ve closed big cash deals. But calling this seller back — knowing I had to drop the price — had me genuinely nervous.
But guess what?
I did it anyway.
Because this deal is still projected to net $24,000… and this lesson will stick with me for life.
Moral of the story:
• Overestimate repairs.
• Always leave cushion in your numbers.
• And most importantly… don’t freeze when it’s time to face the hard convos.
I’m far from a real estate expert.
I’ve only done one deal so far (a $5K assignment).
But I’m in the game. Learning fast. Making mistakes. Getting better.
If you’re trying to grow, stop waiting until you “know it all.”
Start. Mess up. Adjust. Profit. Repeat.
Let’s work.