[5-DayForum] We had the people but not 3 real buyers only 1-what to do ?

[Bill Effros]

Scott and Lisa,

You are trying to sell your home in one of the most difficult markets in 
the country.  If you were able to sell your home for $190,000 using a 
broker, you would net $178,600.  You have been offered $160,000.

If you believe a broker can get you $190,000 any time soon, try it.  If 
not, see if you can work something out with the buyer.

Don't think of running another 5-Day Sale in the near future with the 
hope of getting a whole lot more than $160,000, as that probably won't 
happen.  You might get a little more, but not a lot.  You might get a 
little less.

Bill Effros



Mary Dykes wrote:
> Bill,
>  We had ads in major medai both print and internet.
> Signs out front and down street to give direction to our house..
> Our ad was at the magic number of $99,500
> Our response was at least 25 people
> Our Saturday was slow 6-7 people came to the house and 3 signed the 
> bid sheet.
> Sunday was quite busy w/15-17 people and 11 signed our bid sheet.
> The round robin started fine.
> and had bids on the intial bidding sheet for $155,000 .
> It went fine the first round but when the second
> round hit $160,000 people started droping out .
>  It seemed out of all our bidders one stood out as a serious buyer.
> They came at 4.55p on Sunday and were the ones to put in $155,000.
> It was getting late and voice mail was put on for several in the 3rd 
> round.
>   Our serious buyers last bid was $160,000. And one other possible bidder
> but feared she couldn't go beyond the $160,000..
>   By not having 3 serious bidders it's hard to determine what the fair 
> market value
> truely is - what do you recommend
>   A house sold this past month for $190,000 not as nice design and no pool
> Help Bill please,
> Scott and Lisa
>
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