[5-DayForum] Contemplating using the 5-Day Method

[Lisa Castro]

We have a 5400 square foot luxury home, on 3.5 acres, overlooking 180 of
forest land and a view of Mt Hood, 30 minutes from Portland, Oregon. I
created a website for our home that shows a great deal of photos and a
detailed description at http://www.viewcountryestate.com. The home is
currently listed, but the Realtor is a friend that will allow a withdrawal
to use the the 5-Day method. She just wants what¹s best for us. We don¹t
know what that is. The 5-Day Method sounds great for the median-priced home,
but how about a home market-valued at $1,389,900 (at least it was in March
of this year). The high-end homes are not selling in the area, but in
general, Oregon¹s housing market is fairing better than most of the United
States. Our home is in pristine condition and is a perfect situation for an
executive who wants to telecommute (huge office) and enjoys entertaining in
a beautiful environment. Our family has had many large celebrations in the
home, and it allows for a possible separate living quarters. Our home shows
so much better when the sun in shining through the numerous view windows and
the gorgeous landscaping is in full bloom, so I¹m concerned that this time
of year won¹t bring the best price if we do the 5-day Method in a couple of
weeks (our tentative plan is December 1st and 2nd).

We already bought another home in town, but we could possibly continue to
pay two mortgages another 6 months, if it meant at least a $50,000 dollar
increase to the final sales price. But what if the market gets worse instead
of better. We can¹t afford to go too low, because of the first and second
mortgages, and we were expecting to use the profit to pay down the mortgage
on the second home. Such a quandary when we don¹t know what the future
market has in store for us. We get a different answer from different
professionals as to future of our areas housing market. It seems the market
is still appreciating, ever so slightly, but has slowed down tremendously
from the prior years, but there is way more inventory for the high-end
homes, than there are buyers.

We appreciate any suggestions on determining ³targeted² advertising for our
home, the wording of the ad; should it have a picture? How does someone know
it¹s a great price if I just mention a minimal description (like I¹ve seen
in the book and on this forum)? It has already been marketed well for the
last seven months, so the home may be recognizable, does that make any
difference? Does the 25 caller rule, by Friday, still apply to high-end
homes, since there are less possible buyers? I think I¹ve now asked more
than my share of questions (for now), but we¹ve got a lot on the line and
want to have the confidence that we need to pull off the best results, if we
decide to move forward now or next spring. We would appreciate your price
and advertising suggestions and feedback, after you view our website.

Thank you, 
Lisa

-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20071113/d4aced54/attachment.html