[5-DayForum] End of Day 2 in Lynnwood

[Bill Effros]

Brian,

I just heard of a real estate broker group's estimate that they expect 
30% of all homes will be sold using competitive bidding within the next 
?  number of years.  (I wasn't listening very closely, I just heard it 
in the background...)

Bill Effros



Brian Coleman wrote:
> Monica,
>  
> If they say NO you say NEXT!!!!  You are not conducting a bidding war 
> but rather a negotiation for the highest bid.  Ask these folks if they 
> have ever participated in an auction of any type.  Auctions are done 
> everyday and are becoming more popular.  Just look at Ebay. 
>  
> Recommend that they pick up a copy of Bill's book as a way for them to 
> better understand.  If they are serious enough, they will come to view 
> the house put in their best offer n hopefully they will win the auction.
>  
> Otherwise, you still have twenty other people or parties interested. 
>  
> Brian
>  
> /-------Original Message-------/
>  
> /*From:*/ monicacal <mailto:monicacal at mac.com>
> /*Date:*/ 8/2/2007 11:04:18 PM
> /*To:*/ How To Sell Your Home in 5-Days 
> <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
> /*Subject:*/ [5-DayForum] End of Day 2 in Lynnwood
>  
> Hi, all, just want to update you on our status.  We have 24 calls and/
> or emails at this point.  My take is two investors, 2 realtors, and
> the rest 'regular folks'.  We were at 25, but the gentleman emailed
> me to bow out after I explained the process to him.
>  
> This raises an interesting question ... This gentleman and his wife
> did not call or email, but I assume, used a reverse directory to
> locate our address.  They did a drive by and THEN emailed, stating
> they were very interested in the house -- they liked the look of it
> and also the neighborhood in which we live.  He stated they're in
> their 60's, and a rembler is 'a must' (for those not from the NW, a
> rambler is a one story home.  I'm from Wisconny originally, and I'd
> never heard this term before movving here).  Anyway, they really
> wanted to come and see the house and were VERY  interested.
>  
> I emailed him back and said we'd love to have he and his wife come to
> view our home during the open house on Sat/Sun.  I also explained a
> bit about the bidding process.   After sending off my email response,
> I said to my husband, "I think this might be one of our 'real buyers.'"
>  
> Just a little while ago, I received an email back from him.  He asked
> me to withdaw his name fom 'our list', as he and his wife are not
> 'interested in a bidding war."  He said he's 'interested in buying,
> not bidding."  He said our type of sale was not for him and his
> wife.  He thanked me and signed off.
>  
> I responded saying I was sorry he felt that way.  I explained that
> Dick and I felt this was the most equitable way to sell our home as
> an owner and that if he changed his mind, we'd love to see him during
> the open house.
>  
> OK, now to my question:  Did I handle this correctly?  Would anyone
> recommend a different response?  I admit, it took the wind out of my
> sils for a bit, until I received 1 phone call and two additional
> emails from interested parties.
>  
> What do you all think?
>  
> 25-1=24 and holding,
> Monica
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