[5-DayForum] Home WILL be sold to HIGHEST BIDDER???????????

[Kyle Cascioli]

Hi All:
 
The value of land is often "imputed" depending upon what will be built on it.
 
Factors such as "improvement" product type (residential, industrial, office, retail, etc.) and the "coverage."
 
Coverage refers to the percentage of improvements (structures) to land.  For example, 50% coverage of industrial product per acre amounts to 21,780 square feet of building to one acre (43,560 SF) of land.
 
When asked what's my land worth, a smart developer will say something like. "It's worth what I can build on it at a given time, and what I can sell what I can build on it when I'm done building it!"
 
Cheers, Kyle


Date: Wed, 17 Oct 2007 11:56:35 -0400From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Home WILL be sold to HIGHEST BIDDER???????????
Yes.  It rarely works.  You can't find 25 potential land buyers in 3 days--nobody really knows how to value land.Bill EffrosNorCalBuyerBroker.Com wrote: 

Bill,
 
Has anyone used this technique to sell land?
 
 
 
 
“If you compare yourself with others, you may become vain and bitter; for always there will be greater and lesser persons than yourself. Enjoy your achievements as well as your plans.”Max Ehrmann
 
Steven Castagnetta916-801-1777 cell

----- Original Message ----- 
From: Bill Effros 
To: How To Sell Your Home in 5-Days 
Sent: Wednesday, October 17, 2007 6:23 AM
Subject: Re: [5-DayForum] Home WILL be sold to HIGHEST BIDDER???????????
Eddy,If a broker advertises a house for a specific amount of money and sells it for a different amount is that a lie?I don't mean to pick on you, because this "false advertising" concept has come up many times before, but please, let's grow up!I don't think anyone should offer their home using the 5-Day Method unless they are really prepared to sell it to the highest bidder on Sunday night.  If the high bidder can't get a mortgage, you may not sell it on Sunday night--but that doesn't make your statement a "lie" and it doesn't make your advertising "false".  If your bank won't take the best deal you can get, you are not going to sell to the highest bidder on Sunday night, but that doesn't make your ad "a lie" or "false" either.Most sellers who cannot complete the sale on Sunday night successfully negotiate with buyers and mortgage holders to find a price all parties can live with, shortly thereafter.  Please note, the ad states only that the home will be sold to the highest bidder, it does not say that the home will be sold to the highest bidder at the bid price.This is weaseling, as far as I'm concerned, and I honestly believe that the high bid on Sunday night after a "by the book" 5-Day Sale is the highest bid you can get on the day you picked to sell your home, and you should always take it.  I always do.Bill EffrosEddy Workinger wrote: 




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If you’re going to say I WILL sell my home to the HIGHEST BIDDER and then the bids that you get aren’t nearly high enough and you decide not to sell……is that not a lie?


Your Real Estate Consultant for Life


I am committed to delivering 'The Ultimate Real Estate Experience' to everyone I serve. So, don't keep me a secret.
Who do you know that needs my help buying or selling property? 

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