[5-DayForum] Minneapolis 5-day

Sat Aug 11 10:09:24 EDT 2007

Drew,

Are you having the sales this weekend? Good luck!

Heidi

  _____  

From:
5-dayforum-bounces+hbrandt7=comcast.net at mailman.howtosellyourhomein5days.com
[mailto:5-dayforum-bounces+hbrandt7=comcast.net at mailman.howtosellyourhomein5
days.com] On Behalf Of Bill Effros
Sent: Friday, August 10, 2007 8:18 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Minneapolis 5-day

Drew,

I'm still worried about that bridge.  As you can see from other 5-Day Sales,
that's not a strong response in our terms.

Postpone the sale and regroup if you fail to get a strong response.  We can
help you do that.

Think more like a guy and less like a lawyer -- speak more like a guy and
less like a lawyer.

Right now you are just a home-owner with a home for sale.  Nothing more.
Nothing less.  You are looking for someone willing to pay more than anyone
else will pay on this particular weekend.

Bill Effros

Andrew Nelson wrote: 

Bill, 

Thanks for the insight...I am excited to work with the realtors that are
responding to the ads I have placed and are interested in our
property...that's great!  What I am frustrated with is all the calls from
realtors that came in after we removed our home from the mls last Friday.
Thanks to the advice on this forum, though, I have now begun responding
differently to these "cold calls" and recomending that "while we have no
need for representation, I encourage you to check out our home, in the event
that it would meet the needs of some buyers you represent".   

Thanks again, and we are around 15 responces, so we hope to get more today,
obviously.

Drew Nelson

5702 46th Ave South

Minneapolis, MN 55417

612-990-0813

  _____  

From: Bill Effros  <mailto:bill at effros.com> <bill at effros.com>
Reply-To: How To Sell Your Home in 5-Days
<mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
<5-dayforum at mailman.howtosellyourhomein5days.com>
To: How To Sell Your Home in 5-Days
<mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: Re: [5-DayForum] Minneapolis 5-day
Date: Fri, 10 Aug 2007 08:44:00 -0400

Andrew,

Realtors will bring you good buyers.  If they can convince their clients
that your home is worth the high price + 3%, they can make money for their
effort.  The client pays the commission to the broker, not you.  You get the
highest possible price.  Don't discourage these people, work with them.  You
are trying to sell your home in 5 Days for the  most money you can get.  You
are not trying to score intellectual points.  Even the brokers who don't
participate in the inspection have helped you by responding and validating
your price and media.

Bill Effros

Andrew Nelson wrote: 

No Offense meant, Lynn...Just those realtors that keep calling, wanting us
to list with them, considering we just took our place off the market.  We
have to have recieved at least 30 phone calls and at least a dozen letters
from local realtors, promising everything and anything if we would just list
with them!  Those that call that are interested in the process, I am ok
with...sorry I didn't clarify that.   

Oh, and I'm an attorney, so I am sure everyone on this forum has more than a
few good jabs to toss at my profession...all in good fun, no harm intended!

I have no preference who we sell to, as long as its a good bid!

Drew Nelson

5702 46th Ave South

Minneapolis, MN 55417

612-990-0813

  _____  

From: "lynn Corcoran"  <mailto:lynncorcoranster at gmail.com>
<lynncorcoranster at gmail.com>
Reply-To: How To Sell Your Home in 5-Days
<mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
<5-dayforum at mailman.howtosellyourhomein5days.com>
To: "How To Sell Your Home in 5-Days"
<mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: Re: [5-DayForum] Minneapolis 5-day
Date: Thu, 9 Aug 2007 15:57:36 -0500

Hi Andrew Nelson and All,

  Just a response to the "I feel dirty from talking to realtors" statement.

Guess I'm in the minority here.  I'm a Realtor who also does some investing
so I'm always looking for the best buy out there.  I used the 5 day sale
method for one of my sellers last week.  What is the deal here?  Do you
think Realtors never buy?  Wrong!!  We are people too and live in houses and
have fathers and mothers who live in houses too!!! 

Good luck in your sale but I think your attitude is wrong!!  Lynn    

On 8/9/07, Bill Effros <bill at effros.com  <mailto:bill at effros.com> > wrote: 

Drew,

Todd is right...but you don't count responses from the signs!

Confusing?

The 25-call count is a mechanism for determining if targeted buyers know
your home is available, and will be sold this weekend to the highest bidder.

If the 3 real buyers show up, they are going to bid against each other, and
you will get the most it is possible to get for your home on this weekend.

People who just happen to see your signs are not "targeted".  Real Estate
Broker signs are not "targeted".  This is the "blunderbuss" approach, and is
not recommended for 5-Day Sales.

You just want to get the 3 best buyers who are actively in the market, right
now, to bid against each other.  You take the most you can get.  First you
must make sure they have seen your ad.  Next you must get a response.  Then
you must get them into your home.  

If 25 respond to targeted advertising by Friday night, you can be sure 3
real buyers will show up to inspect your home and bid.  Why wouldn't they?

Bill Effros 

Todd Smith wrote: 

Drew:

I am running my sale this weekend also, so we're kind of "5-Day Buddies"
right now.

Bill says to count the Realtor calls.  You count all calls that response.
The 25-call count is a response mechanism.  Over the years Bill has
determined that if you get 25 responses by Friday night, then you should
have 3 real buyers in your bidding group.

If and when realtors respond to my ads (none have yet), I am encouraging any
realtors who are interested in my sale.  In fact, I have a special sheet (a
few sentences with a headline) as part of my bidding package to encourage
realtors to add their commission on to their clients highest bid.  Why not?
The more bidders the merrier!

Good luck and God bless...  

----- Original Message ----- 

From: Andrew Nelson <mailto:anels943 at hotmail.com>  

To: 5-dayforum at mailman.howtosellyourhomein5days.com 

Sent: Thursday, August 09, 2007 9:19 AM

Subject: Re: [5-DayForum] Minneapolis 5-day

Well, after day one, we had 6 people show interest, 2 phone calls, 2 emails
from craigslist and 2 parties that stopped by and while reading our open
house signs in the yard, asked for more information.  

I had a question about realtors.  We have been inundated with realtor calls
and letters in the mail, offering the world if we would just list with
them...I throw everything away.  What I am not sure of, is the realtors that
call, referencing the open house and have questions about the auction.  I
don't really consider these people potential buyers, so I am leary in
counting them as part of the 25...what have others done in the past?  Both
realtors that called (both from Coldwell Banker) indicated they would stop
by the open house...I told them I looked forward to seeing what the left as
bids!

I feel dirty after talking to them...I need a shower...

Drew Nelson

5702 46th Ave South

Minneapolis, MN 55417

612-990-0813

  _____  

A <http://g.msn.com/8HMBENUS/2737??PS=47575>  new home for Mom, no cleanup
required. All starts here. 

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