[5-DayForum] 5 Day Method Failed but REALTOR got top dollar
Bill Effros
bill at effros.com
Thu Oct 25 12:13:40 EDT 2007
Shawn,
When you run 2 at once they compete with each other, and reduce the high
bid for each.
It's true I'm to the right of Attila the Hun when it comes to Free
Market Economics. I do believe it works (almost) every time, and that
when it doesn't work you can (almost) always pinpoint the factors that
caused the failure.
Bill Effros
Shawn Moffit wrote:
>
> I have a real estate investment company here in Philadelphia....
>
>
>
> 2 of us were at house #1 & 2 of us were at house #2....
>
>
>
> *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 *Bill Effros
> *Sent:* Wednesday, October 24, 2007 7:20 PM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] 5 Day Method Failed but REALTOR got top dollar
>
>
>
> Shawn,
>
> How were you going to run 2 sales at the same time?
>
> Bill Effros
>
>
>
> Shawn Moffit wrote:
>
> 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:bounces+shawn=renovahomes.com at mailman.howtosellyourhomein5days.com>
>
> [mailto:5-dayforum-
>
> bounces+shawn=renovahomes.com at mailman.howtosellyourhomein5days.com <mailto:bounces+shawn=renovahomes.com at mailman.howtosellyourhomein5days.com>] On
>
> Behalf Of sampamela at comcast.net <mailto: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> <mailto: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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>
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