[5-DayForum] Download the Donahue Video

Sat Oct 20 08:05:05 EDT 2007

Actually you can.

  Here is one tool that allows you to download them:

  http://www.techcrunch.com/get-youtube-movie/

Betty Pauley <bpauley at a2scolumbiamo.com> wrote:
    .hmmessage P {   PADDING-RIGHT: 0px; PADDING-LEFT: 0px; PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-TOP: 0px  }  BODY.hmmessage {   FONT-SIZE: 10pt; FONT-FAMILY: Tahoma  }        I'm sorry but it doesn't help.  The home is vacant, no internet service available. I had hoped to just be able to download a copy that I could play in Windows Media Player on my laptop. You can't download from YouTube.

  **************************************
 Betty Pauley, Columbia, MO 65203

    -----Original Message-----
From: 5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com]On Behalf Of Kyle Cascioli
Sent: Friday, October 19, 2007 10:54 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Download the Donahue Video

Hi Betty:

It's on 'You Tube" at:  http://www.youtube.com/watch?v=jDmh44ctM_Y

However, You Tube videos are encrypted so I can't download them.

You will need to view it directly from the site.

I hope that helps!

Kyle

---------------------------------
  Date: Fri, 19 Oct 2007 22:42:33 -0500
From: bpauley at a2scolumbiamo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Download the Donahue Video

    .ExternalClass .EC_hmmessage P {   PADDING-RIGHT: 0px; PADDING-LEFT: 0px; PADDING-BOTTOM: 0px; PADDING-TOP: 0px  }  .ExternalClass EC_BODY.hmmessage {   FONT-SIZE: 10pt; FONT-FAMILY: Tahoma  }      Can someone tell me where I could download a copy of the Donahue interview, or any of the others.  I'm doing a 5day sale and would like to play it, but won't have internet access at the home. 

**************************************
 Betty Pauley, Columbia MO 

    -----Original Message-----
From: 5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com]On Behalf Of Kyle Cascioli
Sent: Friday, October 19, 2007 11:01 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Round Robbin blues

Okay Bill ... you're the "zen" master and the seller's are firm believers.

Thanks, Kyle

---------------------------------
  Date: Fri, 19 Oct 2007 11:32:16 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Round Robbin blues

Kyle,

Why not simple declarative sentences, with direct, not evasive answers?

If you offer your home for 50% of what it's worth or best offer I'd give you 50% of its value.  But before I could even get my wallet out of my pocket, Max, the high school senior from Illinois, would get wind of what was going on and he'd offer what I offered plus $500.  Then someone standing around would top his offer by $500.  And that would continue until the price was no longer a "no-brainer".

If 25 people call, the price is a "no-brainer" by definition.  If they don't, you don't run the sale.  It's that simple.

The real question is whether you're going to sell to the high bidder even if you don't like the high bid.  If you can't answer that question with a straight answer, you're going to get a lower final bid than if you simply say, and mean "I'm going to sell this home to the high bidder Sunday night, period."

I, too, am very careful about the words I choose, and I choose words that mean the same thing to me as they do to the reader or listener.

If your buyers are not prepared to sell their home to the high bidder on Sunday night, they should use some other method to sell their home.

Bill Effros

Kyle Cascioli wrote:     .ExternalClass .EC_hmmessage P {   PADDING-RIGHT: 0px; PADDING-LEFT: 0px; PADDING-BOTTOM: 0px; PADDING-TOP: 0px  }  .ExternalClass EC_body.hmmessage {   FONT-SIZE: 10pt; FONT-FAMILY: Tahoma  }    Okay Bill ... but I try to be very "precise" about the words I choose.

So, let me take another "crack at it."

Would it be "weaseling" to say it this way?

"We've run this 5 Day Sale by the book, so we are confident that the highest bid will be the fair market value of the home."

Thanks, Kyle

---------------------------------
  Date: Fri, 19 Oct 2007 10:22:19 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Round Robbin blues

Kyle,

My stock answer is "If that's the highest price I'm offered, I'll take it."  And it's true.  No Weaseling!

Bill Effros

Kyle Cascioli wrote:     .ExternalClass .EC_hmmessage P {   PADDING-RIGHT: 0px; PADDING-LEFT: 0px; PADDING-BOTTOM: 0px; PADDING-TOP: 0px  }  .ExternalClass EC_body.hmmessage {   FONT-SIZE: 10pt; FONT-FAMILY: Tahoma  }    Bill:

Great stuff!

If people ask up front whether your really going to to sell at the advertised starting price is it okay to tell them that you believe the process will result in the seller's reaching a fair market price and that that is your goal?

Thank you very much.

Kyle

---------------------------------
  Date: Fri, 19 Oct 2007 08:03:19 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Round Robbin blues

Kyle,

This is the advanced course, I'll fill in details for people who need more at a later time.

The 5-Day Method, properly run, always works.  It will always get you the best offer you can get for your home on the day you pick.  It may not get you what you want, but it can always get you the top end of the current market.  

It works by first attracting everyone in the market with an insanely low starting price.  If you don't get 25 responses from targeted advertising by Friday night, you did something wrong, and you must immediately stop the sale.

Most properly run 5-Day Sales attract between 35 and 100 responses from targeted advertising.  

The Open House allows everyone interested to inspect the home at their leisure.  Less than 100% of people who initially respond will attend the Open House--dragging more people off the street only complicates the sale, and does not increase the ultimate selling price.

The Bidding Sheet allows people who have inspected the home to indicate their interest in purchasing your home.  Less than 100% of people who inspect the home will leave an initial bid.

The entire point of the exercise, whether 25 initially respond, or 250 initially respond, is to narrow down the field to the 2 top bidders and get them to bid against each other in the Round Robin.

Whether you have 5 people on the initial bidding sheet or 90, the first thing you must do in the Round Robin is to sort the wheat from the chaff.  Work the list down to 3 to 6 "real buyers".  That's all there are on any given day.  Your home will only sell for the top end of the current market, no matter how many people you attract, or what you do.  At some point everyone stops, and one of the top bidders will actually buy your home.  5-Day Sales, properly run, always work this way.

So let's say you've got the average American Home worth somewhere around $250,000.  You know it may sell for $225,000, it may sell for $275,000, and unless you have no idea of the current market in your area it will almost certainly sell for somewhere in this range.

You offered your home for $124,500.  You've got bids ranging from one penny to $145,000.  Every bidder knows your home is worth more than $145,000.  How do you conduct your Round Robin?

If you have 10 or fewer bidders it's easy.  You call them from the top down.  They sort themselves out.  Always figure 5 minutes per telephone call in the initial round of Round Robin bidding.  The real buyers will take longer.  The people who gave you the wrong number will take less.  But you can tell everyone how many people left initial bids, the current high bid, and that it will take you 5 minutes per bidder, so they shouldn't worry if they don't hear back from you until roughly ??? o'clock while you make all the initial calls.

In no time you will be down to the 3 real buyers, and the Round Robin becomes fun.  The more exhausted you get, the more money you make.  Work with all the real buyers.  Don't play favorites.  Tell them what you "see".  Give them time to work out what they want to do.  You do better if no one makes a preemptive bid, and they just peck away at each other like ducks, so just play fair.  You will get as much as you can get, and no more.  They will all stop at roughly the same time, and that's it.  Keep them all in play.  Set up the closing with the high bidder is soon as possible.

If you have 15 or more bidders, divide the list into sections.  You take the top 15, telling each it will take you 45 minutes to an hour to get back to them.  Someone else takes the next 25.  Someone else takes the next 25.  And so on.  People taking the bidders below the top 15 tell each that they are calling on your behalf because so many bids were left, and that the top bid is $145,000; are they willing to top it?  These other callers can call from anywhere in the world--they don't have to be on-site.  You will know if you need them from the number of left bids.  One person can handle 15, if you have more, plan to divide the list.

Most of the people below the top 15 will just say they are not interested.  These calls go fast.  The callers call people who failed to answer the first time, a second time.  If anyone is willing to pay more than the top bid on the open bidding sheet, they move to your list, and you slot them into the correct location for their current bid.

You wait until all bidders have been called once, and "no answer" bidders have been called twice before starting the second round.

You handle the Round Robin from there.

In the second Round, more people will sort themselves out.  If you have 10 people in the round, the bidding will jump $5000 a round if no one jumps out.

By the third Round things get serious, no matter how many people were in the initial round.

Don't cajole people to stay in.  Talk to them.  Work with them.  Make sure they all believe you are really going to sell your home to the high bidder, no matter what the bid price.  Don't weasel.  Don't whine.  Don't tell them your problems.  Stay focused on finding the one buyer willing to pay more for your home on the day you have selected than any other buyer in the world will pay.

At the end of the day you will know your buyers quite well, and they will know you.  You will strike a fair deal, and the sale will almost surely go through.  There is rarely buyer's remorse.  There is rarely seller's remorse.  You may be exhausted at the end of the day, but it's the kind of exhaustion that comes with a lot of satisfaction, and the knowledge that no one could have done that job better than you, and no one could have sold your home for more than you got.

Round Robins are emotionally draining for all involved.  They are not as impulsive as Outcry Auctions, and they are far more satisfying.  They are the fairest way I know to arrive at mutually acceptable pricing.  Everyone can approach them with their own style, as long as honesty and respect are maintained throughout.  No one becomes an "expert".   Everyone just does their best, both buyers and sellers, and the Round Robin sorts through all the interested parties to find the one willing to pay you the most.

I love the Round-Robins because I've run a lot of them, and I completely trust them.

Hope that helps.

Bill Effros

Kyle Cascioli wrote:     .ExternalClass .EC_hmmessage P {   PADDING-RIGHT: 0px; PADDING-LEFT: 0px; PADDING-BOTTOM: 0px; PADDING-TOP: 0px  }  .ExternalClass EC_body.hmmessage {   FONT-SIZE: 10pt; FONT-FAMILY: Tahoma  }    Bill ... I'd like a few pointers on that as well.

Even before this Sunday night if possible since we're doing another on in Denver.

Thanks, Kyle

---------------------------------
  Date: Wed, 17 Oct 2007 13:06:21 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Round Robbin blues

Scott,

Please bring this up again next week.  I love the round robins, and I'll tell you why and how to keep them simple when I have more time.

Bill Effros

Scott Ames wrote:     Anyone else get drained and tired and discouraged during the round robin? 

  I'm told there are two personality types. Those that get drained in interactions with people and those that get energized. I'm the former. To me the round robin was a chore.

   If I do this again I need to find someone with the opposite personality that thrives on interaction and have them perform it for me.

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