[5-DayForum] completed the process

[Scott Clawson]

Eric,

This was an awesome email. I so appreciate you taking the time to respond.
May I be so bold to ask what your min. reserve price was and then the final
price. I am just curious to see if people bid it up  very far.  Again,
thanks so much.

Scott

On 4/29/07 10:00 AM, "eric huang" <huangeric123 at gmail.com> wrote:

> Scott,
> I sold my San Francisco condo last year using the 5-day method. It was fast,
> it worked, and everything went smoothly. I'm not good of a "story" teller, but
> I'll tell you what worked and what didn't:
> 
> What worked:
> 1. Website created by George Cappony's service. Included listing in
> craigslist.org <http://craigslist.org> , updated every 3 days. Also included
> traffic-tracking software.
> 2. Closing agent - I used Help-U-Sell, they charge $3000 to handle the
> transaction. They also let me borrow A-frame signs
> 3. A-Frame signs to advertise our open-house on the day-of. Decorate the signs
> with helium balloons.
> 4. Walkie-talkies to handle communication between me and my helpers - got lots
> of compliments on this ("You are so organized!)
> 5. Info-signs in each room (lets people do self-guided tour) about size,
> carpeting, blinds, etc
> 6. Cleaning out all of the clutter. Think "minimalism" as your home-decorating
> theme. (got lots of compliments about this). Minimize the number of pieces of
> furniture in each room, get rid of knick-knacks, etc.
> 7. Minimum reserve price made me more confident about putting on the sale, but
> wasn't really necessary.
> 8. Sending info about your sale to every mailing list I belonged to
> 9. Making the reserve so low, people said, "are you crazy?"
> 10. Pre-inspection report
> 
> What didn't work:
> 1. putting up signs around the neighborhood before the day of the open-house.
> Takes a lot of time/energy, but nobody looks for a house by reading signs on
> telephone poles. 
> 2. newspaper ads - it did generate some interest, but I think readership for
> newspapers is way down. If you are going to do this, buy Sunday to Sunday (8
> days)
> 
> What I wish I had done:
> 1. advertise with flat-fee MLS - there is no reason to fear/dislike buyers
> agents. Just say in your materials that people who have a buyers' agent will
> get a 3% fee tacked on to the final bid price. That way everyone is happy.
> 
> By the way, with the website, you don't have to stay home to answer the phone
> before the open house. I just went to work as usual and answered people who
> left message on my answering machine. I got maybe 10 calls by Friday, but
> almost 1000 unique IPs on my website by the end of open house (about 600 by
> Friday night). 
> 
> If you want to know any other details, just ask.
> 
> Eric
> 
>> 
>> 
>> 
>> ---------- Forwarded message ----------
>> From: Scott Clawson <scott at scopeitout.us>
>> To: <5-dayforum at mailman.howtosellyourhomein5days.com
>> <mailto:5-dayforum at mailman.howtosellyourhomein5days.com> >
>> Date: Sun, 29 Apr 2007 07:43:30 -0700
>> Subject: [5-DayForum] I would like to hear from the people that completed the
>> process
>> Hi,
>> My partner and I are going to conduct this 5-day process in the next 3
>> weeks. Unfortunately it has to be on the upcoming holiday weekend but I am
>> praying that turns out to be a positive and not a negative. No choice if we
>> want to have it in May. We live in Seattle, Wa.  I read all these questions
>> about the people who are going to do the 5-day process but what about those
>> who have completed it recently. I would like to hear from you that have been
>> through the process and how it went. Did it go like you thought? Did you get
>> the price that you thought? Recently, One person posted that they were in
>> the bidding stage and was going to get back but I never did see how it went.
>> I would really like to hear the start to finish stories. Are there any out
>> there who are reading these? Thanks.
>> 
>> Scott/Todd
>> 
>> 
>> 
>> 
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> 
> 
> 
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