[5-DayForum] 5 Day Method Failed but REALTOR got top dollar

[Shawn Moffit]

I'm of the same cloth as Elizabeth - 

Credibility is lost when someone vehemently defends something as much as
Effros and others do on this forum - however I tried the process full
force:

I attempted to run 2 sales this past weekend - advertised everywhere -
spent over $2000 in advertising including signs & flyers, as well as
newspaper ads in the Philadelphia area -

One of the houses attracted 25 calls by Friday - 7 people showed up on
the weekend, very few additional people called after Friday.  We tried
to conduct the sale believing that it would bring us the highest price
and were only able to get in touch with 2 of the "bidders"  the price
didn't even come over 70k, for a rehabbed house appraised for 110k.

The other house only 9 people called so we postponed the sale.

I've consistently seen ulterior motives on the part of real estate
guru's... although it seems as if Effros believes in his product 100%...
so does everyone else selling this kind of stuff...

Nothing works 100% of the time, no matter what someone tries to tell
you.  





> -----Original Message-----
> From: 5-dayforum-
> bounces+shawn=renovahomes.com at mailman.howtosellyourhomein5days.com
> [mailto:5-dayforum-
> bounces+shawn=renovahomes.com at mailman.howtosellyourhomein5days.com] On
> Behalf Of sampamela at comcast.net
> Sent: Tuesday, October 23, 2007 8:11 PM
> To: How To Sell Your Home in 5-Days
> Subject: Re: [5-DayForum] 5 Day Method Failed but REALTOR got top
dollar
> 
> Dear Elizabeth,
> 
> Thank you for your story.  As a Realtor, I appreciate your comments.
> 
> Pam Montero
> Mountain Land Realty
> 801-319-8476
> 
>  -------------- Original message ----------------------
> From: Elizabeth Mora <condosale0807 at yahoo.com>
> > Hello:
> >
> >   Some of you may remember me from a failed sale I held in Glen
Ellyn,
> > IL, in August.
> >
> >   I promised that I would write back with results of our traditional
> > sale using a realtor.  Bill often asks those who don't succeed with
> > the 5 day to write back if they do any better with a realtor.  No
one
> ever does.
> >
> >   Well, I did.  And I think it's an important story to share.  So,
> > while I have nothing to gain by taking time to post this email, I am
> > taking the time in case I can help others.
> >
> >   We felt our home was worth around $170K.  Our 5 day sale brought
us
> $113K.
> > Bill and others told us we were lucky to get that amount.  We
refused
> > to believe them and committed the dreadful act of not accepting the
> > offer.  We simply couldn't do it. So, we listed with a realtor.
> >
> >   We got $174K, less a 4% commission.  We are grateful every day
that
> > we did not listen solely to the advice on this site, but sought
> counsel with a realtor.
> >
> >   I realize not everyone's story is the same.  Markets vary.  We are
> > an entry-level home in a prestigious area, which helped our sale.
This
> > method works for some. But it does not work for all.
> >
> >   I caution those using this method who trust it 100%.  My story
> > clearly shows that the market is not always smart enough to know the
> > value, and this method does not always bring you the top dollar.  I
> > think it is a great avenue for some situations.  BUT NOT ALL.  And
> > that is what always bothered me about the attitude of Bill and
others
> > on the site.  There is no admission that this method might not be
> > perfect.  Nothing is perfect.  Nothing works all the time.  Yet that
> > is the attitude found here, and those that question it are made to
> feel bad.  Heck, I know that this email will be ripped to shreds by 5
> Day proponents.
> > Yet I write it anyway, because my story proves that traditional
> > methods sometimes work better than the 5 day method.  So, I write
this
> > for those out there with nagging doubts, and I care not what others
> > will say. I don't even plan to check back on the site for comments.
I
> > write this in case someone searches some day to see if a realtor did
> > do better, and  they will at least find 1 such story.
> >
> >   So, be careful with this method.  If it's right for you, great.
But
> > if you have doubts, just know that at least one seller out there
> > proved that there may be 2 sides to this story, but you won't often
> hear the other side on this site.
> >
> >   Elizabeth
> >   Glen Ellyn
> >
> >  __________________________________________________
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