[5-DayForum] (no subject)

Tue Jun 5 20:15:51 EDT 2007

Great idea!  A FAQ section of the web site!  The forum right now is hard to follow, I find it much easier to just read the e-mails myself.  

Kimberly G.
  ----- Original Message ----- 
  From: Jay Kaufman 
  To: 'How To Sell Your Home in 5-Days' 
  Sent: Tuesday, June 05, 2007 10:21 AM
  Subject: Re: [5-DayForum] (no subject)

  Hi all.  I've been a forum eaves dropper for a couple of weeks in preparation for my own 5 Day Sale in Atlanta and haven't jumped in with questions or opinions, but after reading Bill Effros's statement that: "

  We can't keep answering the same questions over and over as new people come on the list.  New people should start answering the oft answered questions for the even newer.".  My thought is why not develop a FAQ section to cut down on the redundancy

  Thanks to Bill especially whose daily life seems continually involved with the forum and his concept and thanks to all who have offered to assist the forum's members.

  Jay Kaufman

  jay at onthewallstudio.com 

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  From: 5-dayforum-bounces+kcg007=bellsouth.net at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+kcg007=bellsouth.net at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
  Sent: Tuesday, June 05, 2007 12:55 PM
  To: How To Sell Your Home in 5-Days
  Subject: [5-DayForum] List Mechanics II

  Thanks, Jean,

  And Paul, too.

  We can't keep answering the same questions over and over as new people come on the list.  New people should start answering the oft answered questions for the even newer.

  Meanwhile, the people who have been on the list for a while, and those who bring more experience to the list should answer, on-list, so everyone can expand their horizons.

  It is perfectly acceptable for people to make money plying their trade on this Forum as long as the offer to help for a fee does not become obnoxious.

  Some people are looking for help for a fee.  This question does not have to be asked back-channel.

  Bill Effros

  Jean McCormack wrote: 

  In Illinois there is absolutely a problem with Realtor commissions. If you gave them exclusive right to sell, they collect whether you sell or they sell. If you sell by owner after your listing expires with your agent, the agent has claim to a commission (usually for 30 to 90 days) to any buyer that had seen your home during its time with them. The work around is to re-list with another agent. The first agent then has no claims. And don't think they won't be watching. I've been involved with our local board and seen agents that have enough time to read all the public documents to find such an opportunity. One case I was involved in, the first agent was awarded the money. Be careful, you could do the work and they could collect a commission. So, just cancellation alone is not enough; you'll have to re-sign with another firm to avoid paying the first firm. Read your fine print. Or wait the cooling off period which is 90 days here.

  OK, now you ask, "So, how do I get around those big commissions? How do I avoid the MLS?". Easy, there are real estate firms that do this for a living, nationwide. Many of the discount real estate firms will offer to sell your home for a flat fee, directly to the public. Do you need to pay them what they ask? No, of course not. Everything is negotiable, just make sure you are speaking with the owner. They can wheel and deal. We once got a call from a FSBO asking us to help with paperwork and inspections. They offered about $1000, we said fine. You'll need to sign a contract, and notice of no MLS or something like that in your state.

  Read your contract.

  Good Luck
  Jean McCormack
   (a broker owner agent in Illinois)

  Paul Miller wrote: 

  Julie, 

  I think your realtor or a realtor that brings a client to your inspection could claim a commission.  I'm cancelling my listing before I start. 

  Paul 

  From: "Julie Batt" <Julie at batt.com> 
  Reply-To: How To Sell Your Home in 5-Days<5-dayforum at mailman.howtosellyourhomein5days.com> 
  To: <5-dayforum at howtosellyourhomein5days.com> 
  Subject: [5-DayForum] Using 5 Day after home was listed on MLS 
  Date: Sun, 3 Jun 2007 20:23:21 -0700 

  Finally finished the book, anxiously watching the sales of those in 
  progress, and have a couple questions... 

  Do you see any potential problems or changes for people who want to utilize 
  this 5 day sale method even though their home was previously listed on the 
  MLS with a traditional method? 

  The book mainly speaks from the standpoint of trying the sale BEFORE one 
  lists or INSTEAD of listing.  My house has been listed for 4 months, and I 
  just found this method.  I started out at $475K, what we and my realtor 
  thought was VERY competitive, and have since dropped the price twice.  I've 
  currently been at $435K for 3 weeks.  I seriously can't afford to loose 
  anymore money, else I might be forced to become a renter for a while, but we 
  can't afford to stay in the house either.  My thought is if no one is 
  willing to pay $435 with the wide spread exposure it has now, it doesn't 
  seem very likely someone would be willing to pay $410K ( minus 6% 
  commission) using this 5 day method.  Thoughts? 

  Julie 

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