[5-DayForum] 5-day sale in Charlotte

[FKSYBARITE at cs.com]

You MAY be able to get a BIT more, if you are very LUCKY, the question is, do 
you want to take the chance.  The market MAY be dropping even more.  MAYBE 
not.  It's probably not going to get more than $210K, my opinion, IF you are 
LUCKY, and you wait, AND the market doesn't go down any more.  It's still a big 
gamble.  I say, try to get 200K out of the people that made you the offer, or 
somewhere in between. Or wait, if you can, and there is no hurry, but just 
remember, things may not get better, and they MAY get worse. All just my opinions, 
of course. 
Frank

In a message dated 11/14/2007 10:02:32 AM Pacific Standard Time, 
galkag at yahoo.com writes: 
> Bill,
> 
>  The problem is that I didn't have real buyers. Of cause I could tell 
> everybody: "Sorry, but you guys are not real buyers so I'm cancelling Round-Robin". 
> Instead I just told them to offer me what they can and I will consider their 
> offer. Nobody asked me from the beginning: "Are you really selling your home 
> to highest bidder?” So I didn't feel that I broke rules. Ad is too short; 
> everybody understands that there are things behind the ad. I agree, if somebody 
> cannot afford to pay $231,900 then it's not a real offer. But a while ago I 
> had offer $205,000 from a person who was qualified, and my agent admitted 
> that it's not a serious offer. I don't know what percentage of marked price pay 
> companies who buy homes for cash. Probably people on this forum know this. I 
> was offered $170,000 cash right now. I don't think that it would be the offer 
> if my home worth only $200,000. 
> 
> I'm not telling that 5-day method doesn't work. I'm just telling that idea 
> is good but should be adjusted. Sometimes it will work without adjustments, 
> sometimes it won't work even with all possible adjustments. I talked with other 
> people who had 5-day sale in Charlotte on the same day as me. Their 
> situation is similar and even worse. They had more then 50 groups of people and 0 
> real buyers. I think when market is down real buyer is not attracted by formula: 
> Magic number = (Market price)/2 - some amount. Otherwise we wouldn't have so 
> many unsuccessful 5-day sales.
> 
>   
> 
>  Galina
> 
> 
> 
> 
> 
> 
   
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