Tuesday, May 27, 2008

MEME'd myself, and you (no tag backs!)


MEME: A unit of cultural information ( in this case, a blogger to blogger to blogger questionaire... ) that represents a basic idea that can be transferred from one individual to another, and subjected to mutation, crossover and adaptation ( in this case, a viral site-to-site drip of Google Page Rank love ).

source The Daily Meme ( rhymes with 'Dream' )


I've been MEME'd before and no doubt, I'll live to be MEME'd again. Mary Mcknight MEME'd Laurie Manny who apparently MEME'd at least two other bloggers I know, Lenore Wilkas and Nick Bastian who, in turn, pinged me yesterday in the middle of a Memorial Day kickball game with the neighborhood kids (see above). I would normally have rolled my eyes..."how queer" but hey, I was playing kickball ( not an Olympic sport ) so I pushed Save instead of Delete and decided to address it later...which is now. No matter how you try and avoid it, later always ends up becoming now.

So I have 8 Questions to answer about myself which I will address below. I will then pass these same 8 questions along to 8 other bloggers who will either do the same or push Delete. And to quote Laurie Manny who basically owns the first page of Google in Long Beach, CA..."Hey, don't complain, you just got hit with some PR5 link love."


1. Who is your favorite musical artist? Van Morrison, hands down.

(I was supposed post a YouTube video but my Blogger platform is weak. "Your platform is weak? Your (beeping) platform is weak? You're weak!)


2. Who is your favorite artist? Pablo Picasso.


(A photo was supposed to linked from Flickr but again, my platform...)



3. Who is your favorite blogger? Greg Swann, also hands down.


4. If you could meet anyone (alive or dead), who would it be and what is the most interesting thing about them? John Updike, the greatest living American novelist and essayist that suits my taste and literary needs.


5. What did you want to be when you grew up? A Philadelphia Phillie.

6. What is the most interesting piece of trivia you know? If you blow into a dog's nose, his tongue will come out.

7. If you could live in any point in history what would it be and why? I wouldn't mind going back 51 years and giving this whole 'life' thing another shot. I think I'll take my Mulligan now, thank you.

8. What is the most interesting job you have ever held? Associate Sports Producer for KDKA-TV 2 in Pittsburgh in the early 1980s. I basically worked for nickles and dimes but witnessing Rocky Blier (former Steeler legend and brand new sportscaster at the time) walk into the Three Rivers Stadium locker room during a press conference smoking a cigarette and Chuck Noll (grim faced Steeler coach and basic hard ass), saying nothing, was worth every penny.


And, there you have it, an hour gone from my life forever. So in the spirit of tit for queer tat, I hereby pass the cooties on to:

Don Reedy

Carole Cohen

Allison Stewart

Susan Zanzonico

Chris Lengquist

Howard Arnoff

Doreen McPherson

Aaron Hofmann


Anyway, I don't have time to email everyone above. Many of you I do not know except for your kind comments here at Chicago's Home Weblog and on BloodhoundBlog. Hopefully your respective Trackback mechanisms are in good working order and you find this project well. Also, be sure to check your Statcounters. And remember...like Ms Manny said..."Don't complain..."

Geno Petro

photo by Kevin's wife, of Kevin's kids (mostly), in Kevin's golf cart. (ps...Kevin has it all)

Monday, May 26, 2008

Memorial Day, 2008


No Chicago Real Estate talk today. Just some reflection on memories of those who have passed... and dreams for the rest of us in the queue. Geno Petro 5/26/08.

photo by my iPhone

Sunday, May 25, 2008

Pole Position


Dude...who stole my car?

I was tooling along, nice and leisurely-like, headed home from my last afternoon appointment in Humboldt Park today when Flash, Zoom, Swoosh...a late 90's model, red, heavy Chevy full of baseball capped smirking passengers passed me on the right almost clipping the right front quarter panel of my Mini Cooper as they suddenly cut left and overtook my second row position heading west on North Avenue toward the finish line...I mean sunset. I always wondered where they got baseball hats with the bill off to the side like that and not in the front like regular baseball caps but with all due respect, that's their own business. Same with their collective Driver's Education certificates but I'm not going there either. (The driver did not have his hands in the proper 10 o'clock/2 o'clock postition nor was anyone buckled up for safety and the music pounding the tinted window glass was a little deafening but that's all I'm going to say about that. No further judgement.)

"Relax Geno," I tell myself. "Don't make eye contact. Don't beep the horn. And don't make a scene (who me?) Mind your own business ..." (Which happens to be real estate and not stock car racing, by the way. Chicago real estate to be precise. North Side Chicago real estate in case you didn't already know.) Anyway, I was featured at ChicagoSunTimes.com once this month already and you know what they say about over-exposure (LOL)... so enough about me. More about the carful of nice gentlemen that almost put my Cooper into the wall on North Avenue.

I had just cancelled my Open House due to...I don't know...Memorial Day Weekend, lack of Buyer interest, hunger... and was only a couple dozen Chicago city blocks away from my own backyard hammock and a grilled steak the size of a first baseman's mitt. Ironically, I suffered a mild form of food poisoning earlier in the week by ingesting a similar slab of steer in Phoenix, Arizona, but you know me--my memory's about as long as my...(at least that's what one Little League coach use to say to me all the time when I forgot the secret base stealing signs. "Petro, your memory is about as..." In defense of myself on all levels in that regard, he had very poor eyesight and I was only 10.) Anyway, I was on my way home.


Karma, karma, karma, karma, karma Chameleon...


With my guardian angel as my witness, four blocks later I'm parked on the side of North Avenue snapping shots (pictured above) with my iPhone. I walk up to the steaming vehicle and look inside expecting side billed baseball caps scattered everywhere. But nothing. Nada. The driver's airbag had detonated and someone's head cracked the windshield on the passenger side (ahh...too bad), but there was not a soul in sight. Bodies either. The red Chevy was empty; crunched, face first into a light pole at the corner of Mozart and North Avenues, with nary a smirk to be found. There were no people gathering around, either. No spectators. No Chicago City Police. No one cared. It was Sunday afternoon as usual in Humboldt and there were cookouts to attend and family and friends to connect with. Nobody cares about no stinkin' Chevy on no stinkin' sidewalk...

I looked at the car a little more closely. I estimated the vehicle (pre-crash) to be worth a couple grand, three tops. The wheels by themselves probably cost then again that much. I couldn't help but wonder why they didn't just spend the money on the actual brakes instead...or a Safe Driving course, or hats that didn't impair their vision. But like I already said, I wasn't even going there. I was going home to Forest Glen to grill myself a steak about the size of Derrek Lee's baseball glove and connect with my own family and friends who wear their hats like civilized people...with the bills in the back.

Geno Petro

photo by me...with a smirk.

Friday, May 23, 2008

Unchained and dog tired


I pulled back the covers an hour ago and finally shook off an intermittent 36 hour slumber. Squinting through sandy eyes at my iPhone, I sat up and quickly took note; Friday, May 23, 11am Central time. Chicago. Temperature 61 F. Battery Low. I'm not quite sure what happened to Thursday, the 22nd or half of Wednesday, the 21st but it's all in the record books now, as they say. I pinched myself, still happy to be among the living--in Chicago with a steady stomach; still in the real estate business, to be sure; and 'in the loop' technically from what I (and others) had just gathered from a 3 day seminar in the desert.

Upon returning from the BloodhoundBlog Unchained Conference in Phoenix (average temperature for the stay BTW---108 F) late Wednesday evening, I finally touched down in Chicago at 9pm, retrieved my checked baggage by 9:45, and managed to remember where I parked my car in Remote Parking by 10:30. An hour later I was laid out prostrate on top of my own bed in Forest Glen, still fully dressed with a fat dog on one side, an unpleasant smelling cat on the other, and an iPhone on my chest instantly pinging like a hail storm the second I finally made the decision to switch the device from Airplane Mode to ON and face the real estate music that awaited me. Everyone/where/thing was requiring more attention than I had the energy to give at that queasy moment. I felt like I might perish in short order from some obscure Southwestern Revenge (one too many chimichangas and local water, the last one being an apparent doozy). I'm pretty sure my wife, nowhere to be found, had staked her own claim in the guest room upstairs for the duration.

I was both shivering and sweaty at the same time, recovering from a cocktail combo of heat stroke, Poblano pepper overdose, and not wanting to leave the red desert, as I scrolled through, and listened to, my 50+ emails and messages for the day. My head was swimming in a queue of incoming and outgoing data from three solid days of brilliant presentations on the future of the real estate business as we are about to know it. Hosts Greg Swann, (and his lovely muse Cathleen Collins) with his elucidating Unchained Epiphany, and the crew-cutted (sans braces) Brian Brady, unchained and East Coast in his own right, set the tone (and the bar) for the multi-day event. Those who followed; Mary McKnight (RSS Pieces), Laurie Manny (Long Beach Real Estate Home), David Gibbons (Zillow), Glenn Kelman (Redfin), were all quite propitious in their own respects, as well. Okay...super-propitious. And the list goes on...

There were other Bald Guys listening, as well as Bawldguys talking, and great new friends to be made (with Don Reedy at the very top of the list). There were really, really smart people everywhere. There were SEOs and CEOs and REOs (or the discussion of) at every turn. There were impromptu brain storms and break-out groups in the side halls, the courtyards and restaurants. In the hotel lobbies. In the asphalt melting parking lots. In the desert. The after hours camaraderie was equally enlightening and only served to tighten the Web that connects us all in this cyber-twisted moving target of real estate marketing.

The Bloodhound Unchanined content was raw, organic, and hot to the touch. The cameras were handheld and grainy, like all great documentary platforms, recording history; and the participation, unstructured and at the same time, direct. The floating script allowed for equal time to any and all who chose to raise their hands and the energy in the room was kinetic at all times with a constant buzz of interaction. No one glanced at their watches. We dove into Page Rank and algorithms, with long tails and short heads; we waded through backlinks and whispered keywords in each others ears. We Twittered in the dry Arizona heat and looked up toward the clear blue skies and saw not only future of Web 2.0, but beyond...

I slept until an hour ago. Time to recharge. Time to get up. Time to go. I can't afford to miss another day of the rest of my real estate life....

photo by me (against the wishes of at least one shaded blogger to the left)

Geno Petro

Thursday, May 22, 2008

We hit the South Side, Baby




I recently received some link love from the Chicago Sun Times, courtesy of my literary cyber agent, BlogBurst. I was kind of hoping for a Feature piece in the The New Yorker, but in reality I'm probably a lot more South Side Chicago than I am Upper East Side New York. At any rate, I am grateful for the linkage and all the Google juice it sent my way.

(Note: they do make it a point of mentioning not once but twice..." The views expressed in these blog posts are those of the author and not of the Chicago Sun-Times." Good for them. Smart people.

Geno Petro

logo pictured is property of Chicago Sun Times

Thursday, May 08, 2008

Paint Your Own Wagon, Homey


The Low Art of the Graffito

I've always looked at it this way; as long as it's not painted across the side of my house, I can live with it, even sort of appreciate it. Sort of.

Hey, I reside in a big, grown up city so who am I to judge what is and is not a proper canvas for an aspiring artist? After all, I'm just a Chicago realtor trying to do my own thing in the same concrete jungle and am hardly a patron (of the Arts) myself. Anyway, Art (low or otherwise), iconoclasm, and vandalism have always made for strange bedfellows. Think Jean-Michel Basquiat. Think The Splasher.

And again, as long as it's not scribbled or sprayed across the side of my own crib...or my fence, (or my car, for that matter) I'm Kool and the Gang, nowatimsayin? (Do you know what I'm saying?) You see, true Grafitti, in my opinion, is not a random act of vandalsim. There are a whole heap of obstacles and factors to overcome before the multi-colored Word ever reaches the eyes of the pondering public, those haters. There seems to be some thought behind the ubiquitous late night deed that goes beyond mere 'tagging' (which is vandalism and does warrant a crack in the knees with a ball bat). Kool is not with the Gang on tagging, nowatimean?

First: The young, urban artisan must obtain his materials; aerosol cans of mulit-colored spray paint (a behemoth feat in itself according to City of Chicago ordinance). Clearly, there are laws in place. I tried to buy Rustoleum at Home Depot the other day (to touch up a rusty porch railing, not paint my masterpiece under mercury illumination) and almost got arrested. I was ordered to the city limits then escorted over the township line into the suburb of Skokie where Rustoleum is just another can of something that is marked up double the MSRP because it is not available (10 feet away) in the city. Okay, I exaggerate, but not overly. It's not unlike making a quick trip over the state line to Indiana twice a year for fireworks.

Firecracker in Hammond, big fun.

Firecracker in Chicago, big fine. $200+.

Not that I care one way or another about firecrackers either... although, I actually enjoy them on occasion in small, festive doses. Just so long as they are not exploded inside my: mailbox, front porch Halloween pumpkin, or cat, I am, as well, once again...Kool and the Gang.

Secondly: There has to be a space. The artisan must also seek out his venue. Under a bridge. Across an abandoned warehouse alley. On a billboard. Not on Geno and Mona's fence in Forest Glen; all very good options requiring at least some forethought and planning, I would imagine.

Thirdly: There has to be a degree of covertness. Now think; how much grafitti have you seen in your own lifetime? And now recall... how many times have you actually seen an act of grafitto in progress? My guess to your answers would be, in order... a lot... and none.

Lastly: There has to be the inner vision. The idea. The final twisted images of color, dimension, and phonetic spelling with its blend of loopy and angled penmanship, at the same time balloonish and severe, threatening and poignant, painted across anything I don't personally own or pay property taxes on. As long as it's all that....I am, like I said, Kool and the Gang. (Okay with it.)

postscript...pictures taken by me, under a Forest Preserve viaduct, a little too close to my house for either comfort or appreciation.....

Friday, May 02, 2008

May Day, May Day

I'm cutting the obligatory thousand words short by 900 or so, and going straight to option b)...i.e. the picture (April showers, yadda yadda flowers...). Two things puzzle me, however. First, the fact that there was actually snowfall on May 1st in Chicago and the above garden kept its collective bloom and secondly, that the tulips even bloomed in the first place as my dog Elvis lifted his hind leg on the above pictured corner of real estate at least once a day, every day, for the past 6 months. Take that all you Global Warmers. And judging from the shoddy condition of my own front lawn, acid rain has nothing on old Elvis, either--he's an environmental wrecking ball in, and of, himself...

Thursday, April 24, 2008

Flip This Garage


An earthquake measuring 5.2 on the Richter Scale (the 'It' source when it comes to earthquakes from what everybody says) hit downstate Illinois last Monday with an ensuing aftershock that actually shook the house I live in, 200 miles north in Chicago (not pictured, thank you). This was exactly three days after a 125 pound wild cougar was shot in a nearby neighborhood alley by Chicago police and one fateful day before 20 separate people in 20 separate incidents were shot in a single weekend with handguns on the city's South side. Correction: a few were actually gunned down with an AK-47 which, from what I understand, is more of an assault rifle than a handgun. But what do I know? I only own a baseball bat and a big dog.

The City of Chicago owes me $4300 for an overpaid Property Tax Refund and is making me wait 60 days for the "checks to clear" although the semi-annual bill was paid (TWICE) via electronic transfer and deposited into the city coffers instantly. I have receipts with timestamps. I have bank statements.

The Voice in the County Assessors office speaks after finally locating my file:

"Receipts and bank statements don't make a difference Mr. Genoa Petrol, (the way Spellcheck corrects my name according to Kris Berg and others) ...Everybody waits 60 days. Try back in a few more weeks."

"You're kidding me, right?" I say to The Voice on the phone. "You guys didn't wait 60 seconds to post the deposit. Twice."

"This is the City of Chicago, Mr. Petrol.... Why would I be kidding?" The Voice has the last word.

My Mini Cooper hit a pothole the other morning on Elston Avenue that cracked my head on the glass sunroof and almost shoved the engine up into my lap. I called the City of Chicago Streets and Sanitation number to report the crater. I was put on hold for 10 minutes before getting transferred to The Voice. I hung up.

I'm currently involved in a deal where the buy-side attorney thinks he's prosecuting the Monkey Trial. His paralegal (the real attorney is too busy lawyerin' to take my calls) tells me that 'Realtors' involved in the deal are not the clients of the attorney and thus, are not privy to to all the super secret, very classified, inside information concerning a single Xerox copy of a Water Certification document that I need for my files. Her advice to me was to call the City of Chicago. Which I did...

I called them and told them that I believe the Richter Scale earthquake damaged a structure on my street and could they please send someone out to take a look (see above picture). Now I'm fairly new to the community but neighbors tell me that the delapidated building, (a garage actually) has been in that same lean-to condition for at least 15 years. A mean dog chased me away before I made it to the alley for a sharper angle snapshot (with much more daylight coming through the roof). It was either a dog or a cougar, I'm not certain.

While on the phone I also asked how the cop who shot the other cougar was faring emotionally, inquired about the pothole/sinkhole on Elston and whether or not a baseball bat needed to be registered as a weapon (see The Untouchables). I mentioned that I did have a valid license for my dog, however. I asked if they could check how the Water Cert documentation was coming along for my Supreme Court case studio apartment deal, and also inquired about a certain missing, lost in cyberspace, $4300 Property Tax Refund with my name on it. I got transferred a half dozen times until finally...

The Voice, "Mr. Genoa Petrol...is that you?"

I hung up.

Geno Petro

Tuesday, April 22, 2008

Gray skies and cheap shoes...


First thing, the sky is very gray--the weatherman says it may thunderstorm tonight. Secondly, the red and yellow advertisement on the bus stop bench at Clybourn and Ashland avenues indicates shoes can be had for $9.99. Lastly, Premium gas is $4.09 per gallon--and rising. I'm not even going to mention what else they are reporting on NPR this morning but I'll give you a hint; marshmallows and fairy dust are not in the week's forecast and traffic is, as always, unbearable.

We should have seen this coming. I took the above snapshot only as an ex post facto exercise; simple documentation of an end result of existing fiscal uncertainty in our marketplace. To the untrained urban eye, the image is nothing but a typical north side Chicago intersection on a typical weekday morning. But for those of us in the know-- in other words, those of us who stayed awake during high school Economics class back in 1975--the picture validates what disheveled Mr. Finkle (Sprinkle Dinkle Wrinkle Finkle) in his short sleeve shirt and too-short soup stained necktie tried to warn us about; that according to the pre-printed Lorenze Curve on the back of his laminated pen protector, milk and gasoline would be $5.00 a gallon by the next millennium- a mere 25 years down the road at the time. A loaf of bread, too. Houses would become unaffordable to all but the very wealthy and pollution would kill all the birds and trees. China would rule the world, said he.

Personally, I couldn't care less at the time about any of that. I vaguely recall raising my hand and asking if the pen protector protected the shirt from the pens or the pens from the shirt. After all, five bucks filled up my VW in those days and bought a pack of smokes to boot. High finance meant burning one in the parking lot before class. Still, somehow, the concept stuck in my memory bank along with Meritime Influence, Supply and Demand, and how to recite that ridiculous Middle English Canterbury Tale, "...The droghte of March hath perced to the roote.." thing. Public school education, to be sure.

You see, I knew the price of gasoline would someday hover around where it is today. Mr Finkle told us as much back in the 1970s. And milk? We drank the powdered version at home when I was growing up so the liquid, or anything that resembles it, never touches my lips to this day. I know Lake Michigan will stay cold until July and warm until October (relatively speaking) and what goes up doesn't necesarily come back down. The birds and the trees are on their own--hopefully God will step in on that issue.

Chicago is gray 6 months a year and traffic is always unbearable, this we all know. I am even wrapping my mind (and business plan as a Realtor) around the whole unaffordable housing concept although foreclosures in my particular market have only increased a little above the norm and condo sales, if not brisk, are certainly occurring at a predictable pace. What I wasn't prepared for, and what caught my attention to begin with, is shoes for $9.99. Now that, in my estimation, is something to worry about. That, and possibly China.

Geno Petro

Monday, April 07, 2008

Funny how?



imagery by a.j. pinto
idea by ben osbun
inspired by dennis hopper
edited for content by mona petro
edited for language by american express
directed by joe pinto
featuring geno petro

Having a great group of office mates to work with (and pull my leg)...priceless. Oh wait, that's the other company. What's in your wallet? No...that's not them either. Anyway, I don't leave home without it. And that's the Word on this Chicago street.

Peace,

Tuesday, April 01, 2008

"We'd like to thank The Academy..."


I feel thrice blessed as I enter the second quarter of the business year on this, the first day of April, 2008. No kidding, punchlines, or April fooling around. The sensation I am enjoying this day is one of good old simple gratitude.

For starters, Denver Colorado's Todd Carpenter featured me this past Monday on his Blog Fiesta! Blogger Spotlight series. That was certainly an unexpected honor; to be interviewed by another blogger whose work I admire. I now stand alongside some very good company in his sidebar.

Later that same day, a deal I wrote about just before Easter weekend that was going sideways in quick fashion, regained its cosmic balance and came together like 'peas and carrots' on settlement day. It was raining all kinds of farm animals outside the title company and the wired funds from the Fed were lost in cyberspace for the better part of an entire day but the transaction limped across the finish line and Closed by 6 PM. Everyone left the building on speaking terms and all mixed metaphors aside; checks, keys, and well wishes were exchanged and all animosities, put to bed for good, by sunset.

And finally, this morning I arose to find that indeed, the Sun does also rise and that the latest Bloodhound Blog Odysseus Medal was awarded....Alas! The trifecta! Greg Swann awarded it to me! And just to add a touch of dramatic irony, the piece was entitled, Geno's Wrong (bang a gong).

And
....as if sheer momentum, good fortune and mere praise by my peers is not enough, I am simultaneously typing these words and preparing an Offer for a client referral on a Wrigleyville condominium scheduled to close about the time the Diamondbacks hit town in mid-May to get charmed by the Cubbies. This way I can bring bragging rights down to the Unchained Conference with me the following week, along with a little spending money for the missus.


So dear universe and all the members of the cosmic academy, I thank you.... The real estate gods like me...they really, really like me...for now.


Geno Petro

photo by Mike Kardis

Monday, March 31, 2008

My Man Jake


I work in a business where a lot of people go on record claiming to be the best at what they do. Of course, the opinion is purely subjective. We are our own biggest fans, us Roosters...I mean, Realtors.

The truth is, and I've mentioned this many times before, the hero is the Agent with the Listing at that serendipitous moment a bona fide Buyer walks through the door. In my Real Estate career in Chicago I've been simultaneously 'Hailed the Chief,' and stripped of my rank; promoted to the corner lot office, and given my walking papers. Currently, I'm the 5th (FIFTH!) Listing Agent on a 14 unit project with 6 units left to sale. Recently, I lost a Listing after 180 of the most brutal Market Time in recent housing history. It's all about timing, dear readers.

I believe there are many Realtors in Chicago who work everyday and always put the best interest of their clients first. All things equal, I believe I am one of those Realtors, and in fact, even at the head of the coop. But then again, nobody thinks more about me...than me.

And as far as my buddy on the photographed window sign above ^ is concerned, all I have to say is, "That's a bold statement, Jake. How do the chickens feel about that?"


Geno Petro

Thursday, March 27, 2008

A Sign From God?


Personally, I would have thought for an incumbent, He'd have a slicker marketing plan and a little nicer digs. In fact, His headquarters building, shown here at Elston and Kimball on Chicago's Northwest side, looks a little shopworn to me but hey, who am I to judge? I admittedly haven't read Revelations so I'm not too sure of the 'Economic Stimulus Package He had in mind for this particular generation of Americans. I'm pretty certain though, Sacrifice must be stuck in there somewhere.

Perhaps it was attached as a congressional rider. Think about it; it makes a very good case for line item veto privilages for those in the highest office. But again, it's only me at the keyboard and as I've inferred early and often, Theology wasn't my strongest subject.

Anyway, since I've been known to give almost anything a shot, I pulled into the gravel parking lot on my way home, turned down NPR on the radio, and said a heathen's equivalent of a novena for world peace, the health of our own Nation in particular, and a couple of my Listings approaching the 180 day market time benchmark...for my Sellers' collective sakes, of course. (I'm already blessed in a lot of ways so no need going to that wishing well one time too many, if you know what I'm saying. I'm saving up those tokens for a free pass out of a real foxhole situation.)

Geno Petro

Friday, March 21, 2008

Romancing the Deal



I'm in the middle of a deal right now that is a little reminiscent of a plot line from Romancing the Stone---peril lurks around every corner and a single false step will insure either one of those big rocks rolling my way in a catacomb, or me getting yelled at by someone, for sure. At the very least, there's a feeling of impending doom and I'm being portrayed as ill intentioned Ralph, the Danny Devito character who's only in it for the money. "You know, I bet you can buy a great townhouse down here...for around five or six dollars," says poor Ralph in mock sincerity as his Sufi Arab captors drag him across the desert floor and into the darkness...

Actually the deal I'm referring to is already negotiated, out of Attorney Review and clear to Close--sort of. The 'deal' itself is cool...for the most part--only the final appraisal lingers in the wings. The actual condominium that is attached to the deal is what has a Curse on it. You see, it's New Construction. It has the notorious New Construction Curse wherein everything surrounding the transaction begins on a flat note back at Day One, continues off key, pitchy and not quite in tune through all the syncopated stages of completion, until the last and final hour when the heaviest lady at Chicago Title sings Goodnight Irene at the settlement table and everyone is free to pile into the elevator and exit the building in silence, all feeling that they somehow got gypped out of the real treasure along the way.

Even good news seems like bad news when the New Construction Curse has been cast:

Agent: "Good news, folks. The cabinets have arrived. "

Buyers: "Where were they?"

Agent: "I don't know. On the truck? Stuck at the Canadian border? Held up in Customs?" Doesn't matter. They're here now."

Buyers: "Ten years later."

Agent: "Weeks. Ten weeks later"

Buyers: "Seems like years. What color were they again? I think we might want to go with a differrent finish. How hard is that to change?"

Ralph stands at the very edge of the 900 foot craggy cliff contemplating the pros and cons of taking just one more baby step....

At this point he is only in it for the money, it would seem. And while most two-party deals move along as smooth as silk and without high adventure; like carrots and peas or Forrest and Jenny, such is not the case with those deals which are Cursed. It usually starts out with a simple email exchange:

Dear Ralph,

I found your website on Google. May be relocating to Chicago. Please enroll me in your Dream Locator. I want the world and I want it cheap.

Jack T. Colton, Mercenary at Large


**************

Dear Jack,

Not a prob. The world's sucking major wind these days. It's a world buyer's market. Come on down.

Ralph

**************


Ralph,

Roger that. I'll be in town on Saturday. Rock on.

Jack

**************


Then the househunting trip is scheduled, conducted and consumated. Fifteen condominiums are visited in a single weekend and a decision is made within 48 hours:

"I'll take the one by the lake that is almost ready. Tell them to upgrade the cabinets, beef up the lighting allowance and be ready to close in 60 days. I want the preferred parking space, steam showers in all bathrooms and California Closets throughout the unit. Heat the floors, paint it all blue, and pay half my Closing Costs at settlement. Tell them if they do all that, we got a deal..."



I do as I'm instructed and get them to agree. What else can they do? It's a world buyer's market and there's no shortage of world right now, not in Chicago anyway. They always agree to what they can't deliver. That's what 'they' do best. And 'they' know who I'm talking about, too.

It's my belief that such a 'Curse' often begins during the negotiation with unreasonable expectations. Not always, but often. Anyway, here's how the afore-mentioned scenario has played out for me and my client up until this point in time:

January 25-26: Viewed 15 different properties; some resale, some new, some proposed.

January 27: Submitted an offer on a Model unit in a New Construction project in near move-in condition.

January 28: Negotiated details with the Listing Agent and Builder and reached a verbal agreement with only minor changes.

January 29: Another higher offer comes in and is accepted and signed by the Builder. We get bumped out of the Model deal but are offered a 'yet to be built out' unit on the same terms, one floor above.

January 30: We accept the deal on the the condition of a 60 day completion and a close of escrow on April 1st. They agree.

January 31-March 6: My iPhone barely rings. Nothing significant transpires except: Cabinets are delayed. Original lighting is no longer in stock. The wrong color granite is ordered. Paint color is three shades off. Closets are on back order.

March 7: Chicago City Council votes overwhelmingly to increase the Property Tax Stamp on home sales by 40% and passes it on the the Buyer effective April 1st.

March 8: We ask to move up the Closing date one day to March 31st but the Builder is reluctant to do so.

March 9-16: New selections are chosen and things move along at a snail's pace.

March 17: City Council reverses its decision and votes overwhelmingly to pass the 40% Tax Stamp hike onto the Seller instead, effective April 1st.

March 20: The Builder immediately agrees to complete and close by March 31st and all hell suddenly breaks loose. My iPhone rings and pings every few hours, 24/7 for the next 3 days; Builder, Lisiting Agent, Appraiser, Cabinet Guy, Loan Officer, Underwriter, Appraiser, Listing Agent, Buyer, Appraiser, Listing Agent....did I mention the Appraiser?

March 21: Here I sit, frustrated and contemplating walking the earth like Caine in Kung Fu except no Shaolin Monk, am I. In fact, staying in any place with less than a 3 star rating is a little distasteful to me not to mention my martial arts are a little rusty to be hitting the road barefoot, at age 51. The iPhone is ringing and pinging even as we speak. I pause and listen to the voice mails and then read the multiple texts email messages. I have no more answers for this day. I fly out of town at 5:30AM tomorrow morning for a weekend with family and loved ones. What can I say? It's not my only deal. There are also a half dozen other Listings with my name attached that need an equal amount of attention. And again as many Buyers in the car as well. Everybody has questions. I scramble for the correct answers. I let the Sufis have their way with me...

The Curse will be there when I return; of this I'm certain. I also imagine most of my Listings aren't going anywhere between now and Monday either. And just as sure as Michael Douglas, aka Jack T. Colton, gets Kathleen Turner in the final scene and poor, pithy Ralph gets his just desserts in the desert, we will all live to star in another sequel and grapple with another 'Curse' or two before it's lights out for everybody.....Jewel of the Nile, or otherwise. And not to mix movie metaphors but 'That's all I have to say about that..."



Geno Petro






Tuesday, March 11, 2008

The Promo Sapien


The Promo Sapien is a direct descendant of the more popular and easily recognizable species known as the Homo Sapien--latin meaning: "wise or knowing man {or woman}." The PS, while similar in many ways to the HS, is generally a more smiley yet slightly condescending sort of creature who, in recent years, migrated en masse to the real estate business and enjoyed fleeting success until Global Warming and Web 2.0 set in and all the remaining unlicensed regular Sapiens learned how to find properties on their own on Zillow. They usually can be spotted these days in Starbucks with Blackberry in hand and Bluetooth in ear somewhere between the moms and the toddlers. At least, that's where you can usually find me.

This social glacier calving, as it were, spawned yet another subspecies, the Self-Promo Sapien--Chicago meaning: "any Realtor who constantly professes his or her superiority over any other qualified but less self-promoting PS as well as all HSes in general--and can be found on most any page of Chicago Agent Magazine (or any other industry ledger that will publish a 'Feature Article' if enough accompanying ad space is purchased), sic." And again, that's where you might one day find me as well, if someone can ever convince me it's worth the advertising ruble.

But for now I think not. The truth is, if no one else is offering up the accolades, I don't feel the need to make that superlative declaration myself. Now I will publish all compliments and 'attaboys' in my sidebar on the right; verbatim, referenced of course, and unsolicited all-- but I am not inclined to utter the words of praise myself, to be set apart from and above, all other PSes and SPSes with a Blackberry and an earpiece. Besides, the best Realtors in this town have already switched over to iPhone...


Geno Petro

Sunday, February 24, 2008

Taxes Schmaxes (Active Rain re-post)


(This essay originally got 'buried' at Active Rain back in January so hopefully, Google has bigger kids than me to kick duplicate copy sand on before the next page ranking comes out. I used to be featured on AR quite often but now that there are over 70,000 members and HouseValues is involved, an infrequent blogger like myself just gets lost in the multitude of hourly posts. Hey, if I'm going to write for thin, cold air then it might as well be here in sweet cold Chicago.

I'd rather be ignored locally than nationally any time and the truth is, business has so increased that writing at all is a time allotted struggle--thus the recent rash of picture posts and no Sis, I haven't taken up Scrapbooking as a hobby.They're good for a 1,000 words each, I'm told. Also, I've embeded a new video toward the bottom of my sidebar. Of course, it has to do with me and my world. Me, me, me, as I like to say...)

I was half-listening to a lady being interviewed on NPR a few weeks back as I drove in a gazy daze out of the city and toward the general direction of Canada. I was running late for an appointment with my tax Wizard, a fourth generation accountant who fled from the tangle of the city 10 years ago to kick back On Golden Pond and perform his magic in a more bucolic setting. His father was an accountant, his grandfather was an accountant and every first born male for the last 500 years in his family were accountants--all pencil and paper sort of fellows from what I gathered.

My guy however, has flat screen plasmas throughout his office suite with a different financial news channel on each, and the latest in electronic everything to get his fiscal point across to the rest of the universe. He also has an IQ that hovers around the batting average of a Major League 2nd baseman. He barely had time for my call...

"Taxes, schmaxes," was his response to my initial phone inquiry two months earlier. That, and something about $200 an hour. I thought he was kidding. The mutual business acquaintance who ultimately hooked us up would soon after assure me otherwise.

"He's pricey and a little odd but he's a genius. A tax genius. A wizard, really..." she told me.

"Yeah, but $200 an hour? I don't pay my shrink but half of that," said I, lying about the shrink part.

"Your shrink sounds about as good as your last accountant." Which was true. I was my last accountant.

The lady on the radio, a spry sounding 65 year old, was talking about being 'in oneness with the all,' or maybe it was ‘one with the allness,' I'm still not certain. I immediately shot over to the shoulder of the interstate to enter the lofty, if not misquoted, phrase into the Note section of my new iPhone for later review. This is my biggest gripe with my car radio; no digital replay-no RiVo, as it were.

Normally, I would have just continued along with the 70 mph flow, eyes darting up and over, to and fro, steering with my knees in and out of the morning suburban egression and typing the qwerty with my thumbs, but I have yet to master the nuances of my newest tax-deductible gadget with its slick, electromagnetic glass face and all those colorful, vascillating screens; shrinking, expanding and spinning sideways with even the slightest tilt of the wrist. Ah, iPhone..mere marconian radio is but a relic in comparason.

The truth is, I haven't had an original conveyable thought in weeks so I risked the morning rush triple lane change maneuver and found a semi-safe idling spot alongside the poor, frozen remains of some animal who wasn't nearly as deft at negotiating the northbound lanes of I-94 as me. I looked out the window and half-wondered if it too, was now one with anything besides the pavement and the ice and the rumble of the highway. Bad omen, I thought. I said a prayer in my own way for both of our souls, remembering again, for a quick nauseating second, the box of tax records in my back seat and the IRS auditor waiting my arrival in exactly 37 minutes.

She was attending Maharishi University and studying flying yoga or some type of meditation where one can eventually learn to ‘hover,' continued the lady on the radio. She went on about sitting in silence and levitating in her mind and, well...just becoming one with everything, or allness, and I have to say, at that particular moment, I felt pretty darn mortal. It was snowing very hard, I had a back seat full of bank statements; money long spent and barely accounted for, and to be quite blunt, an IRS agent was the last person I felt like encountering that day. I believe I also experienced a sudden sensation of levitation but it wasn't of the transcendental nature nor was it anything even remotely close to what the lady on the radio was discussing. Traffic screamed by my window while I took a few seconds to gather my senses, enter my notes of oneness onto its proper screen, then push hard and away toward the Illinois/Wisconsin border town of Genoa City for a few hours of fun and games at $200 bucks per copy.

An Accountant, an Italian, and an IRS agent walk into a bar...

It was the wrong day. A Treasury Department representative was in fact, in the conference room but he wasn't there to see me. My own red letter day had been moved 'indefinitely into the future' according to my Wizard. Somehow, even with all the technology on both ends, I never got the message. This was fine. This was oneness, floating above the ground, with sugar on top, as far as I was concerned.

"Let's get some caffeine," said the Wizard, grabbing his hat and overcoat while motioning toward the conference room with a head tilt.

"Tell him he can come, too. His appointment just called to reschedule. Too bad, huh?" He said, chuckling away at 5.5 cents a second.

I froze. Why did I have to break someone else's bad news to the G-Man? I was the one who drove an hour through a blizzard to stick my neck on the block for a tax year ending in a very foggy period of my life from a previous century I barely recall. And, I was on time, too. At $200 an hour I just wanted to about face and bolt.

We made eye contact. The IRS guy got up from the table and approached me just as my iPhone pinged my e-mail with a blast of news alerts; the Dow was fighting hard to recover, the foreign markets were going apeshit, Heath Ledger was found dead...

"How do you like that?"

What? How do I like what? Why is he talking to me? My appointment was rescheduled indefinitely into the future. I was on time. I prayed for a dead animal. My Wizard said everything was cool...

"Your iPhone. How do you like it? Thinking about finally ditching my BlackBerry."

I forgot I was still holding it. The little fellow couldn't have been more than 30 years old. He wore a black shirt and wrinkled black tie with equally wrinkled pants and scuffed-up shoes. He had one of those haircuts that Starbucks baristas and bank tellers in grocery stores like to sport these days--kind of shaved, kind of not--you know what I'm talking about. He had a very soft voice. I handed him my iPhone for examination.

"Heath Ledger just died," was all I could think of to say.

He took my device, read the screen and looked me back in the eye. I thought he was going to cry. He waited a few seconds before speaking. The young civil servant, with his watery blue eyes and stark, unpressed attire indeed, appeared to have a soul. His face showed compassion and remorse. He fiddled with the screen for a moment or two before handing it back to me.

"Tax deductible if you use Schedule C," he said.

"Yeah. I know," I thought to myself. "It's my favorite Schedule. It's the whole reason I'm even here to begin with..."said I.

G.P.



Geno Petro
image by fusilly