[5-DayForum] 2nd 5 day sale in Charlotte

[Glynn Pennington]

Bill or moderator,
Checking with you before I post a response to the request for property locations before a 5 day sale.
You may want to keep this board focused on 5 day sales and not have it become another
place to advertise properties that will be put up for sale. Then again that type of activity
might be a plus for the group. 

I will abide by your decision either way. This is a good forum and I appreciate the time
you spend.

Looking forward to our first 5 day sale, probably weekend of Dec 1 & 2nd.

Glynn
  ----- Original Message ----- 
  From: 4 Real Estate 
  To: How To Sell Your Home in 5-Days 
  Sent: Monday, November 12, 2007 7:09 AM
  Subject: Re: [5-DayForum] 2nd 5 day sale in Charlotte


  Glynn

  Please let me know where they are because I have buyers looking for that price range.

  Thanks
  Tami Gregory
    ----- Original Message ----- 
    From: Glynn Pennington 
    To: How To Sell Your Home in 5-Days 
    Sent: Monday, November 12, 2007 9:58 AM
    Subject: Re: [5-DayForum] 2nd 5 day sale in Charlotte


    Rosemarie,
    Thanks for posting. My wife Franci and I plan to do 5 day sales in Charlotte soon. You mention you attended 2 sales in Charlotte last 
    weekend. What happened at the second one?

    We will be selling lower priced houses, $90,000 to $150,000 that we have rehabbed. Any feedback or suggestions welcome.

    Glynn
      ----- Original Message ----- 
      From: Rosemarie and Fred Belcher 
      To: How To Sell Your Home in 5-Days 
      Sent: Monday, November 12, 2007 6:45 AM
      Subject: [5-DayForum] 2nd 5 day sale in Charlotte


          Last weekend there were two 5 day sales in Charlotte. I went to both, to offer support! Someone I know from the real estate investors' club ran a sale on a house that was appraised recently at $340,000. The house is in a desirable part of Charlotte. He advertised at $149,900. He had insufficient calls on one weekend, so he ran it again. He had 60 calls. The bidding stopped at $205,000.  Since the mortgage is $270,000 he could not afford to sell to the highest bidder, even though that was the intent.
          I know you will say the market is bad, but Charlotte is one of the few places in the country where the market has not dropped lately - we are still growing here. Things are not moving quickly (that's why he ran a 5-day sale) but prices have not dropped the way they have in other places. 
          I have been encouraging this friend to do this and now I feel really bad that I have no good advice left - only sympathy! 
          Is there a big difference in results if the house is empty, or if it's an investor-owned property instead of the homeowner selling?
          He is too busy to write to the forum, but I will pass along any advice anyone can give.
          Thanks
          Rosemarie


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