Significant Career Lesson From A Real Estate Transaction Manager At A Banking Company
As a Real Estate Transaction Manager, one significant lesson Vanessa has learned is the importance of "patience and adapt[ation]" because real estate deals at Financial Banking Company can take a year or even two, and deals can fall through, requiring adaptation to new buyers and prolonged transactions.
Patience, Adaptability, Real Estate Transactions, Deal Negotiation, Problem-Solving
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Job Title
Company
Undergrad
Grad Programs
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Vanessa Corcuchia
Real Estate Transaction Manager
Financial Banking Company
San Francisco State University
Fashion Institute of Design and Merchandising
Business Management & Admin
Finance (Banking, Fintech, Investing), Real Estate
Real Estate
Video Highlights
1. The importance of patience in real estate transactions due to their potentially long duration (up to a year or even two years for selling a building).
2. The need to adapt to changes and unexpected events, such as deals falling through and requiring the search for new buyers.
3. Real estate transactions can be lengthy, with deals potentially lasting from a week to over two years, depending on the complexity of the sale.
Transcript
What is one lesson that you have learned that has proven significant in your career?
Patience and adapting to changes are crucial. My deals don't typically last a week.
Previously, I mentioned deals could take a year. If I'm selling a building, it could take over two years.
If a deal falls through and I have to find another buyer, that can prolong the transaction. So, I would just say patience and adapting to what comes your way.
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