Similarities to Real Estate

[Mustang98]

I am a custom home builder and there is a general rule that if you price a new home right (meaning not too high or too low) you will get your most serious buyers the first ten days. After thirty days of no sale, the market starts to assume there is something inherently wrong with the home (layout, finishes, color, etc.) Can the same be said for this SMU coaching position?

We had real interest from guys like Barnett and Slick Rick, but now the word in the coaching market must be something like "SMU is an impossible place to make it. They have a great AD in Steve Orsini, but the President is handcuffed by the administration. You'll never get what you need to win at SMU."

Back in January 1982 Ron Meyer resigned on a Friday and by Monday morning Bobby Collins was at a press conference in Dallas. Granted we had a superstar team back then, but 40+ days is pushing it don't you think?

[SMU89]

I am a custom home builder and there is a general rule that if you price a new home right (meaning not too high or too low) you will get your most serious buyers the first ten days. After thirty days of no sale, the market starts to assume there is something inherently wrong with the home (layout, finishes, color, etc.) Can the same be said for this SMU coaching position?

Maybe, but there is more too it....

When you sell the home you built:
Do you interview the buyer, look at their background, try to determine if they will successfully manage the house over the next 5 years

or

Do you just sell to whoever has the money?

Different process.

[Buckethead]

I would sell to who ever had the money and could close the quickest!!!!!!!

[Balogna Pony]

I am an Iowa corn farmer/amateur baseball field designer and there is a general rule that – “[i]f you build it, he will come.â€

[smupony]

[quote="Balogna Pony"]I am an Iowa corn farmer/amateur baseball field designer and there is a general rule that – “[i]f you build it, he will come.â€

[Mustang98]

[/quote]
When you sell the home you built:
Do you interview the buyer, look at their background, try to determine if they will successfully manage the house over the next 5 years

or

Do you just sell to whoever has the money?

Different process.[/quote]

Money, good credit, and reasonable close date. We interview the buyer, but usually I found out how crazy and neurotic they are after the contract is signed. Everyone is on their best behavior during the previewing process and then they get a little nuts before closing. After we close, the end up being great clients.

[Mustang98]

[quote="Balogna Pony"]I am an Iowa corn farmer/amateur baseball field designer and there is a general rule that – “[i]f you build it, he will come.â€

[Popped Collar Pony]

The administration should just suck it up, default on its payments, get forced into a foreclosure sale, and allow the wrecking ball to take a demolishing swing at the once historic, yet now dilapidated, mansion that was SMU football. Besides, it would clear up the problem of where the Bush Library should go.

[Mustang98]

The administration should just suck it up, default on its payments, get forced into a foreclosure sale, and allow the wrecking ball to take a demolishing swing at the once historic, yet now dilapidated, mansion that was SMU football. Besides, it would clear up the problem of where the Bush Library should go.

You are obviously part of the militant faculty.

[Balogna Pony]

[quote="Mustang98"][quote="Balogna Pony"]I am an Iowa corn farmer/amateur baseball field designer and there is a general rule that – “[i]f you build it, he will come.â€

[Dutch]

I am a custom home builder and there is a general rule that if you price a new home right (meaning not too high or too low) you will get your most serious buyers the first ten days. After thirty days of no sale, the market starts to assume there is something inherently wrong with the home (layout, finishes, color, etc.) Can the same be said for this SMU coaching position?

We had real interest from guys like Barnett and Slick Rick, but now the word in the coaching market must be something like "SMU is an impossible place to make it. They have a great AD in Steve Orsini, but the President is handcuffed by the administration. You'll never get what you need to win at SMU."

Back in January 1982 Ron Meyer resigned on a Friday and by Monday morning Bobby Collins was at a press conference in Dallas. Granted we had a superstar team back then, but 40+ days is pushing it don't you think?

so think of it this way though, do you wait until after your final clean to put the house on the market? no, not if you know that there may be some buyers out there looking, whether they are the right fit for your property or not, OR (closer to the SMU situation) you have an eager investor who wants to see that you're marketing the house, you list it for sale before you even demo the old house. we just waited until this season was framed up to stick a sign in the yard.

[Mustang98]

I am a custom home builder and there is a general rule that if you price a new home right (meaning not too high or too low) you will get your most serious buyers the first ten days. After thirty days of no sale, the market starts to assume there is something inherently wrong with the home (layout, finishes, color, etc.) Can the same be said for this SMU coaching position?

We had real interest from guys like Barnett and Slick Rick, but now the word in the coaching market must be something like "SMU is an impossible place to make it. They have a great AD in Steve Orsini, but the President is handcuffed by the administration. You'll never get what you need to win at SMU."

Back in January 1982 Ron Meyer resigned on a Friday and by Monday morning Bobby Collins was at a press conference in Dallas. Granted we had a superstar team back then, but 40+ days is pushing it don't you think?

so think of it this way though, do you wait until after your final clean to put the house on the market? no, not if you know that there may be some buyers out there looking, whether they are the right fit for your property or not, OR (closer to the SMU situation) you have an eager investor who wants to see that you're marketing the house, you list it for sale before you even demo the old house. we just waited until this season was framed up to stick a sign in the yard.

Nice! Great point! You are obviously an amigo in the industry. Although we do not list the house until we are closer to finishing, we put our sign out front to invite any potential buyers before demo and as we are building. We totally try to pre sell every house no matter what stage it is in by putting our sign out that it's available. Every now and then you get a customer that can see past the mud and sawdust and can envision the end product. That being said, we need a head coaching candidate that has vision and can see himself being successful at SMU. The only question I have is this: Are there too many blatant obstacles (militant faculty, small alumni base, etc.) that are scaring off the "visionary" candidates that could do wonders for SMU Football otherwise?

[Alaric]

We're not selling a good looking spec house, we're trying to get top dollar for a "remodeler's dream". Better than hiring another Bennett, even if we have to enter into the recruiting season REALLY late and have a worse class than usual.

[Dutch]

Nice! Great point! You are obviously an amigo in the industry. Although we do not list the house until we are closer to finishing, we put our sign out front to invite any potential buyers before demo and as we are building. We totally try to pre sell every house no matter what stage it is in by putting our sign out that it's available. Every now and then you get a customer that can see past the mud and sawdust and can envision the end product. That being said, we need a head coaching candidate that has vision and can see himself being successful at SMU. The only question I have is this: Are there too many blatant obstacles (militant faculty, small alumni base, etc.) that are scaring off the "visionary" candidates that could do wonders for SMU Football otherwise?

Yeah, I know a thing or two about real estate.

to answer your questions, don't most schools have militant faculty in some way shape or form? we are exposed to ours so it's what we know, and they have an air of superiority about them b/c of our checkered past, but they are quickly losing their death grip on OUR University, and they don't like it. If you look at where the majority of donations come from and go to are Business and Arts (usually funded by someone's business), and Athletics.

As for the small alumni base. i've got a stat for you that shocked me when i was told it by a university official privy to both schools. There are more SMU alums in Dallas than UT alums. chew on that for small alumni base.

[Popped Collar Pony]

I tried chewing on it, but it came right back up....take off your blue-and-red colored glasses before your report your "facts," Jeeves.