From damian_colden at yahoo.com  Sat Aug  1 07:20:28 2009
From: damian_colden at yahoo.com (Damian Colden)
Date: Sat, 1 Aug 2009 04:20:28 -0700 (PDT)
Subject: [5-DayForum] ad size question
In-Reply-To: <992081.89042.qm@web80601.mail.mud.yahoo.com>
References: <073120092028.14031.4A7353E4000733A3000036CF22230650629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<992081.89042.qm@web80601.mail.mud.yahoo.com>
Message-ID: <863034.86545.qm@web53105.mail.re2.yahoo.com>

If that buyer makes an offer after you list the property and  you expect your listing agent to handle the coordination of the transaction, then yes you owe them a commission. 

If you intend to handle the duties of the transaction and not involve the listing agent for a transaction with this person, then you would not owe a commission, but you would have to except this person from the listing contract. This would mean that you know at least their name and preferably their address also.


Dac Colden
Realtor/Investor




________________________________
From: Leslie Michaels <artchr61 at yahoo.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, July 31, 2009 9:48:14 PM
Subject: Re: [5-DayForum] ad size question


Just to let you know, I placed ads in my newspapers and got very little response. I also advertised on Craigslist. I followed the format to the letter that was set up by Bill Effros and spent about 550.00 on the 3 ads and got a grand total of 6 responses. I know my price wasn't too high for my area. Others have said that you need to do flyers and bulk mailings, so you may want to try that in addition to the newspaper ads.  I've been doing the flat fee MLS and have minimal success but someone came by with a realtor for a 2nd showing yesterday. Next week I may just go with the traditional realtor sale. If I go with a traditional realtor and the people who came to see my house for the 2nd time make an offer, would the realtor I sign with get any commission, or does that not apply because it was before the fact? 
 
Leslie

 



________________________________
 From: "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Friday, July 31, 2009 3:28:20 PM
Subject: [5-DayForum] ad size question


Getting ready to place an ad for next week and try the 5 day sale...the book doesn't actually give a size that you should use. Should it be business sized or does it just need to keep the format? Nothing is indicated in the book...the front of the book has a smaller sized ad than the sample listed on page 145? Any advice?
 
Thanks.
Julie


      
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From juliegorman at bellsouth.net  Sat Aug  1 09:33:58 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Sat, 01 Aug 2009 13:33:58 +0000
Subject: [5-DayForum] ad size question
In-Reply-To: <SNT116-W62CDD1AA607AC8A1751451AE110@phx.gbl>
References: <073120092028.14031.4A7353E4000733A3000036CF22230650629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><F36BF25F241A4877A9074BD05714E2EA@rosemarifv6onv>
	<SNT116-W62CDD1AA607AC8A1751451AE110@phx.gbl>
Message-ID: <080120091333.23962.4A74444600090C0400005D9A22230682229B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

Thanks...Let me reclarify...I will sell my home...BUT what I need to know is what SIZE the ad needs to be? I have one osuggestion to do it as cheap as possible...are there any other opinions? I am following the 5 Day Sale to the letter but can't seem to find the SIZE needed!

Thanks for any help!
Julie
-------------- Original message from j crafor <jcrafor at hotmail.com>: -------------- 

A little OT, but you are the first, other than me, that I have ever seen/heard say that. As a teacher, two words my student's were not permitted to use in my classroom was TRY, because it is a word for failure, and CAN'T, for the same reason.
JCrafor
 


From: rosemarie-fred at mindspring.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Fri, 31 Jul 2009 21:02:13 -0400
Subject: Re: [5-DayForum] ad size question


As cheap as you can! A classified ad is fine. FYI  I suggest you not "try" the 5-day sale, but plan to sell your house. "Try" imples failure!  
Rosemarie
----- Original Message ----- 
From: juliegorman at bellsouth.net 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Friday, July 31, 2009 4:28 PM
Subject: [5-DayForum] ad size question


Getting ready to place an ad for next week and try the 5 day sale...the book doesn't actually give a size that you should use. Should it be business sized or does it just need to keep the format? Nothing is indicated in the book...the front of the book has a smaller sized ad than the sample listed on page 145? Any advice?

Thanks.
Julie




_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum




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From Janetislight at aol.com  Sat Aug  1 10:22:58 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Sat, 1 Aug 2009 10:22:58 EDT
Subject: [5-DayForum] (no subject)
Message-ID: <ccd.5cd95f89.37a5a9c2@aol.com>

I bought blank plastic with hardware for $2.50 a piece.  I got them  all 
back except 2.  I had put out 20.  I guess life in Iowa is  different.  And 
you over paid on the signs in my opinion.  How often  are you changing your 
ad?  Maybe they only do so many, and then start  charging?
 
Janet
 
 
In a message dated 7/31/2009 5:06:03 P.M. Central Daylight Time,  
jcrafor at hotmail.com writes:

Okay,  smarty pants, what do those people who make their own signs use? 
I did buy  signs yesterday, spent 30 bucks on 3. I'm on a small fixed 
income.  

I looked at those nice commercial signs and figured they'd last  on the 
street about as long as it took me to turn the corner. I can't afford  that.

Oh, and my flat fee lister said if I want any more changes  on my ad, 
there's a $50 administrative fee. Think I'll call Owner.com to  check that. That 
doesn't seem right to  me.

JCrafor



 
____________________________________
From: Janetislight at aol.com
Date: Fri, 31 Jul 2009 15:51:27 -0400
To:  5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum]  (no subject)

Brown paper bags and boxes.... you are your own worst enemy.   LOLOLOL
 
 
In a message dated 7/31/2009 2:04:09 P.M. Central Daylight Time,  
jcrafor at hotmail.com writes:

Well, this will be interesting, to say the least. 
I have a  few signs made out of both plain brown paper bags and 2 boxes. I  
doubt  anyone will want to steal those, <Grin>

I advertised a  5day sale, and had few responses, so I cancelled it, but 
will still  hold an open house to "piggy-back" with an agent who is holding an 
OH  this weekend or next, a few doors away.

I have my inspection  report, and FINALLY got my insurance report. I asked 
for it on the 17, and  it arrived yesterday. So if you are required to 
provide one, order it  now.
Though I am not doing a 5Day, I will have all the papers there to be  read, 
and will even take several LETTER OF INTENT TO PURCHASE forms to give  out. 


A few houses have finally sold in the immediate  area, so I am hopeful. 

JCrafor

 
____________________________________
Windows Live? Hotmail?: Search, add, and share the web?s latest sports  
videos. _Check  it out._ 
(http://www.windowslive.com/Online/Hotmail/Campaign/QuickAdd?ocid=TXT_TAGLM_WL_QA_HM_sports_videos_072009&cat=sports)   =

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http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



 
____________________________________
A bad credit score is 600 & below. Checking won't affect your score. _See  
now!_ 
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lyBadfooterNO62) 

 
____________________________________
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pics.  _Check it out._ 
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**************A Good Credit Score is 700 or Above. See yours in just 2 easy 
steps! 
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From Janetislight at aol.com  Sat Aug  1 10:38:31 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Sat, 1 Aug 2009 10:38:31 EDT
Subject: [5-DayForum] ad size question
Message-ID: <d09.453e5fe5.37a5ad67@aol.com>

Oh, that can get dicey.  I would probably wait until you know if the  house 
is already sold.
 
Janet
 
 
In a message dated 7/31/2009 8:49:00 P.M. Central Daylight Time,  
artchr61 at yahoo.com writes:

 
Just to let you know, I placed ads in my newspapers and got very little  
response. I also advertised on Craigslist. I followed the format to the letter 
 that was set up by Bill Effros and spent about 550.00 on the 3 ads and  
got a grand total of 6 responses. I know my price wasn't too high for my area. 
 Others have said that you need to do flyers and bulk mailings, so you may 
want  to try that in addition to the newspaper ads.  I've been doing the 
flat  fee MLS and have minimal success but someone came by with a realtor for a 
2nd  showing yesterday. Next week I may just go with the traditional 
realtor sale.  If I go with a traditional realtor and the people who came to see 
my house for  the 2nd time make an offer, would the realtor I sign with get 
any  commission, or does that not apply because it was before the fact? 
 
Leslie



 
____________________________________
 From:  "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
To:  5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Friday, July 31, 2009 3:28:20  PM
Subject: [5-DayForum] ad  size question

Getting ready to place an ad for next week and try the 5 day sale...the  
book doesn't actually give a size that you should use. Should it be business  
sized or does it just need to keep the format? Nothing is indicated in the  
book...the front of the book has a smaller sized ad than the sample listed 
on  page 145? Any advice?
 
Thanks.
Julie





_______________________________________________
5-DayForum  mailing  list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


**************A Good Credit Score is 700 or Above. See yours in just 2 easy 
steps! 
(http://pr.atwola.com/promoclk/100126575x1222846709x1201493018/aol?redir=http://www.freecreditreport.com/pm/default.aspx?sc=668072&hmpgID=115&bcd
=JulystepsfooterNO115)
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From artchr61 at yahoo.com  Sat Aug  1 10:48:03 2009
From: artchr61 at yahoo.com (Leslie Michaels)
Date: Sat, 1 Aug 2009 07:48:03 -0700 (PDT)
Subject: [5-DayForum] ad size question
In-Reply-To: <080120091333.23962.4A74444600090C0400005D9A22230682229B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
References: <073120092028.14031.4A7353E4000733A3000036CF22230650629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><F36BF25F241A4877A9074BD05714E2EA@rosemarifv6onv>
	<SNT116-W62CDD1AA607AC8A1751451AE110@phx.gbl>
	<080120091333.23962.4A74444600090C0400005D9A22230682229B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
Message-ID: <799053.6582.qm@web80608.mail.mud.yahoo.com>

Just have the newspapers put in the typical ad size. They know the size they usually put in for a real estate for sale classified ad. I didn't have to tell them the size when I placed my ad, they just did it for me.
Hope this helps

Leslie




________________________________
From: "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>; "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Saturday, August 1, 2009 8:33:58 AM
Subject: Re: [5-DayForum] ad size question


Thanks...Let me reclarify...I will sell my home...BUT what I need to know is what SIZE?the ad needs to be? I have one osuggestion to do it as cheap as possible...are there any other opinions? I am following the 5 Day Sale to the letter but can't seem to find the SIZE needed!

Thanks for any help!
Julie
-------------- Original message from j crafor <jcrafor at hotmail.com>: -------------- 
>
>A little OT, but you are the first, other than me, that I have ever?seen/heard say that. As a teacher, two words my student's were not permitted to use in my classroom was TRY, because it is?a word for failure, and CAN'T, for the same reason.
>JCrafor
>?
>________________________________
From: rosemarie-fred at mindspring.com
>To: 5-dayforum at mailman.howtosellyourhomein5days.com
>Date: Fri, 31 Jul 2009 21:02:13 -0400
>Subject: Re: [5-DayForum] ad size question
>
>
>As cheap as you can! A classified ad is fine. FYI ?I suggest you not "try" the?5-day sale, but plan to sell your house. "Try" imples failure!? 
>Rosemarie
>----- Original Message ----- 
>>From: juliegorman at bellsouth.net 
>>To: 5-dayforum at mailman.howtosellyourhomein5days.com 
>>Sent: Friday, July 31, 2009 4:28 PM
>>Subject: [5-DayForum] ad size question
>>
>>
>>Getting ready to place an ad for next week and try the 5 day sale...the book doesn't actually give a size that you should use. Should it be business sized or does it just need to keep the format? Nothing is indicated in the book...the front of the book has a smaller sized ad than the sample listed on page 145? Any advice?
>>
>>Thanks.
>>Julie
________________________________

>>
>>_______________________________________________
>>5-DayForum mailing list
>>5-DayForum at mailman.howtosellyourhomein5days.com
>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>________________________________
Windows Live? Hotmail?: Celebrate the moment with your favorite sports pics. Check it out. 
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From artchr61 at yahoo.com  Sat Aug  1 11:02:45 2009
From: artchr61 at yahoo.com (Leslie Michaels)
Date: Sat, 1 Aug 2009 08:02:45 -0700 (PDT)
Subject: [5-DayForum] ad size question
In-Reply-To: <SNT116-W62CDD1AA607AC8A1751451AE110@phx.gbl>
References: <073120092028.14031.4A7353E4000733A3000036CF22230650629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<F36BF25F241A4877A9074BD05714E2EA@rosemarifv6onv>
	<SNT116-W62CDD1AA607AC8A1751451AE110@phx.gbl>
Message-ID: <731574.40674.qm@web80605.mail.mud.yahoo.com>

Well, I didn't 'try' but I did plan...and the plan didn't work. I did the newspaper and internet ads with only a total of 7 phone calls and 1 email. I am doing a traditional open house on Sunday and have told all that contacted me to come and have a look. I, too, am a teacher, and like I tell my students, sometimes you have to have a plan B if plan A doesn't work!

Leslie



________________________________
From: j crafor <jcrafor at hotmail.com>
To: "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, July 31, 2009 9:59:58 PM
Subject: Re: [5-DayForum] ad size question

A little OT, but you are the first, other than me, that I have ever?seen/heard say that. As a teacher, two words my student's were not permitted to use in my classroom was TRY, because it is?a word for failure, and CAN'T, for the same reason.
JCrafor
?
________________________________
From: rosemarie-fred at mindspring.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Fri, 31 Jul 2009 21:02:13 -0400
Subject: Re: [5-DayForum] ad size question


As cheap as you can! A classified ad is fine. FYI ?I suggest you not "try" the?5-day sale, but plan to sell your house. "Try" imples failure!? 
Rosemarie
----- Original Message ----- 
>From: juliegorman at bellsouth.net 
>To: 5-dayforum at mailman.howtosellyourhomein5days.com 
>Sent: Friday, July 31, 2009 4:28 PM
>Subject: [5-DayForum] ad size question
>
>
>Getting ready to place an ad for next week and try the 5 day sale...the book doesn't actually give a size that you should use. Should it be business sized or does it just need to keep the format? Nothing is indicated in the book...the front of the book has a smaller sized ad than the sample listed on page 145? Any advice?
>
>Thanks.
>Julie
________________________________

>
>_______________________________________________
>5-DayForum mailing list
>5-DayForum at mailman.howtosellyourhomein5days.com
>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
________________________________
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From jcrafor at hotmail.com  Sat Aug  1 12:36:37 2009
From: jcrafor at hotmail.com (j crafor)
Date: Sat, 1 Aug 2009 16:36:37 +0000
Subject: [5-DayForum] (no subject)
In-Reply-To: <ccd.5cd95f89.37a5a9c2@aol.com>
References: <ccd.5cd95f89.37a5a9c2@aol.com>
Message-ID: <SNT116-W481E1C49BD0639B1FAAC66AE110@phx.gbl>


I wasn't going to do any signs at all, just newspaper and internet. So this was kind of a surprise.  

 

I chose to do it this way after reading on here of all the signs stolen, and really can't afford that.

Apparently the agent is not having his OH this weekend, but there has been more traffic in the last few weeks than probably the last several months. 

 

I didn't think I made many changes. I haven't had a chance to go back and look, and I don't think they ever said that in the beginning.  

So, now I get to pay them $50 for each change from now on. I guess it's going to stay listed at the price it is now. He asked me recently to let him help me with the contract and I said politely, no thanks. I do not know if he's weorking off that refusal or not. 

 

 

AND, I can't believe I misspelled students! 

JCrafor

 


From: Janetislight at aol.com
Date: Sat, 1 Aug 2009 10:22:58 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] (no subject)


I bought blank plastic with hardware for $2.50 a piece.  I got them all back except 2.  I had put out 20.  I guess life in Iowa is different.  And you over paid on the signs in my opinion.  How often are you changing your ad?  Maybe they only do so many, and then start charging?
 
Janet
 

In a message dated 7/31/2009 5:06:03 P.M. Central Daylight Time, jcrafor at hotmail.com writes:
Okay, smarty pants, what do those people who make their own signs use? 
I did buy signs yesterday, spent 30 bucks on 3. I'm on a small fixed income. 
 
I looked at those nice commercial signs and figured they'd last on the street about as long as it took me to turn the corner. I can't afford that.
 
Oh, and my flat fee lister said if I want any more changes on my ad, there's a $50 administrative fee. Think I'll call Owner.com to check that. That doesn't seem right to me.
 
JCrafor
 

 


From: Janetislight at aol.com
Date: Fri, 31 Jul 2009 15:51:27 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] (no subject)


Brown paper bags and boxes.... you are your own worst enemy.  LOLOLOL
 

In a message dated 7/31/2009 2:04:09 P.M. Central Daylight Time, jcrafor at hotmail.com writes:
Well, this will be interesting, to say the least. 
I have a few signs made out of both plain brown paper bags and 2 boxes. I  doubt anyone will want to steal those, <Grin>
 
I advertised a 5day sale, and had few responses, so I cancelled it, but will still hold an open house to "piggy-back" with an agent who is holding an OH this weekend or next, a few doors away.
 
I have my inspection report, and FINALLY got my insurance report. I asked for it on the 17, and it arrived yesterday. So if you are required to provide one, order it now.
Though I am not doing a 5Day, I will have all the papers there to be read, and will even take several LETTER OF INTENT TO PURCHASE forms to give out. 
 
 
A few houses have finally sold in the immediate area, so I am hopeful. 
 
JCrafor



Windows Live? Hotmail?: Search, add, and share the web?s latest sports videos. Check it out. =

_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum




A bad credit score is 600 & below. Checking won't affect your score. See now!


Windows Live? Hotmail?: Celebrate the moment with your favorite sports pics. Check it out. =

_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum





_________________________________________________________________
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From Janetislight at aol.com  Sat Aug  1 12:41:05 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Sat, 1 Aug 2009 12:41:05 EDT
Subject: [5-DayForum] (no subject)
Message-ID: <cbf.40beb248.37a5ca21@aol.com>

Newspaper and Internet did nothing for me.  I wish you better  luck.  All 
you want to do is change the price?  Pffffft!  That  seems pricey for a 
couple of key strokes.
 
Janet
 
 
In a message dated 8/1/2009 11:37:22 A.M. Central Daylight Time,  
jcrafor at hotmail.com writes:

I wasn't  going to do any signs at all, just newspaper and internet. So 
this  was kind of a surprise.  

I chose to do it this way after  reading on here of all the signs stolen, 
and really can't afford  that.
Apparently the agent is not having his OH this weekend, but there has  been 
more traffic in the last few weeks than probably the last several months.  

I didn't think I made many changes. I haven't had a chance to go  back and 
look, and I don't think they ever said that in the beginning.   
So, now I get to pay them $50 for each change from now on. I guess it's  
going to stay listed at the price it is now. He asked me recently to let him  
help me with the contract and I said politely, no thanks. I do not know if  
he's weorking off that refusal or not. 


AND, I can't  believe I misspelled students! 
JCrafor

 
____________________________________
From: Janetislight at aol.com
Date: Sat, 1 Aug 2009 10:22:58 -0400
To:  5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum]  (no subject)

I bought blank plastic with hardware for $2.50 a piece.  I got them  all 
back except 2.  I had put out 20.  I guess life in Iowa is  different.  And 
you over paid on the signs in my opinion.  How often  are you changing your 
ad?  Maybe they only do so many, and then start  charging?
 
Janet
 
 
In a message dated 7/31/2009 5:06:03 P.M. Central Daylight Time,  
jcrafor at hotmail.com writes:

Okay,  smarty pants, what do those people who make their own signs use? 
I did  buy signs yesterday, spent 30 bucks on 3. I'm on a small fixed 
income.  

I looked at those nice commercial signs and figured they'd  last on the 
street about as long as it took me to turn the corner. I can't  afford that.

Oh, and my flat fee lister said if I want any more  changes on my ad, 
there's a $50 administrative fee. Think I'll call  Owner.com to check that. That 
doesn't seem right to  me.

JCrafor



 
____________________________________
From: Janetislight at aol.com
Date: Fri, 31 Jul 2009 15:51:27 -0400
To:  5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum]  (no subject)

Brown paper bags and boxes.... you are your own worst enemy.   LOLOLOL
 
 
In a message dated 7/31/2009 2:04:09 P.M. Central Daylight Time,  
jcrafor at hotmail.com writes:

Well, this will be interesting, to say the least. 
I have  a few signs made out of both plain brown paper bags and 2 boxes. I  
 doubt anyone will want to steal those, <Grin>

I  advertised a 5day sale, and had few responses, so I cancelled it, but 
will  still hold an open house to "piggy-back" with an agent who is holding  
an OH this weekend or next, a few doors away.

I have my  inspection report, and FINALLY got my insurance report. I asked 
for it on  the 17, and it arrived yesterday. So if you are required to 
provide one,  order it now.
Though I am not doing a 5Day, I will have all the papers  there to be read, 
and will even take several LETTER OF INTENT TO PURCHASE  forms to give out. 


A few houses have finally sold  in the immediate area, so I am hopeful. 

JCrafor

 
____________________________________
Windows Live? Hotmail?: Search, add, and share the web?s latest sports  
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____________________________________


 
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From Janetislight at aol.com  Sat Aug  1 13:27:28 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Sat, 1 Aug 2009 13:27:28 EDT
Subject: [5-DayForum] (no subject)
Message-ID: <c9a.31ac7d9c.37a5d500@aol.com>

My realtor just told me the dollar store has some real cheap signs  also.  
They are big so they would need to be cut in half.  That  shouldn't be a 
problem if they are like the ones I purchased.  Good  luck!!!  And you didn't 
misspell, you had a typo.  I graduated top of  my class with an F in typing 
and band.  LOL
 
Janet
 
 
In a message dated 8/1/2009 11:37:22 A.M. Central Daylight Time,  
jcrafor at hotmail.com writes:

I wasn't  going to do any signs at all, just newspaper and internet. So 
this  was kind of a surprise.  

I chose to do it this way after  reading on here of all the signs stolen, 
and really can't afford  that.
Apparently the agent is not having his OH this weekend, but there has  been 
more traffic in the last few weeks than probably the last several months.  

I didn't think I made many changes. I haven't had a chance to go  back and 
look, and I don't think they ever said that in the beginning.   
So, now I get to pay them $50 for each change from now on. I guess it's  
going to stay listed at the price it is now. He asked me recently to let him  
help me with the contract and I said politely, no thanks. I do not know if  
he's weorking off that refusal or not. 


AND, I can't  believe I misspelled students! 
JCrafor

 
____________________________________
From: Janetislight at aol.com
Date: Sat, 1 Aug 2009 10:22:58 -0400
To:  5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum]  (no subject)

I bought blank plastic with hardware for $2.50 a piece.  I got them  all 
back except 2.  I had put out 20.  I guess life in Iowa is  different.  And 
you over paid on the signs in my opinion.  How often  are you changing your 
ad?  Maybe they only do so many, and then start  charging?
 
Janet
 
 
In a message dated 7/31/2009 5:06:03 P.M. Central Daylight Time,  
jcrafor at hotmail.com writes:

Okay,  smarty pants, what do those people who make their own signs use? 
I did  buy signs yesterday, spent 30 bucks on 3. I'm on a small fixed 
income.  

I looked at those nice commercial signs and figured they'd  last on the 
street about as long as it took me to turn the corner. I can't  afford that.

Oh, and my flat fee lister said if I want any more  changes on my ad, 
there's a $50 administrative fee. Think I'll call  Owner.com to check that. That 
doesn't seem right to  me.

JCrafor



 
____________________________________
From: Janetislight at aol.com
Date: Fri, 31 Jul 2009 15:51:27 -0400
To:  5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum]  (no subject)

Brown paper bags and boxes.... you are your own worst enemy.   LOLOLOL
 
 
In a message dated 7/31/2009 2:04:09 P.M. Central Daylight Time,  
jcrafor at hotmail.com writes:

Well, this will be interesting, to say the least. 
I have  a few signs made out of both plain brown paper bags and 2 boxes. I  
 doubt anyone will want to steal those, <Grin>

I  advertised a 5day sale, and had few responses, so I cancelled it, but 
will  still hold an open house to "piggy-back" with an agent who is holding  
an OH this weekend or next, a few doors away.

I have my  inspection report, and FINALLY got my insurance report. I asked 
for it on  the 17, and it arrived yesterday. So if you are required to 
provide one,  order it now.
Though I am not doing a 5Day, I will have all the papers  there to be read, 
and will even take several LETTER OF INTENT TO PURCHASE  forms to give out. 


A few houses have finally sold  in the immediate area, so I am hopeful. 

JCrafor

 
____________________________________
Windows Live? Hotmail?: Search, add, and share the web?s latest sports  
videos. _Check  it out._ 
(http://www.windowslive.com/Online/Hotmail/Campaign/QuickAdd?ocid=TXT_TAGLM_WL_QA_HM_sports_videos_072009&cat=sports)   =

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____________________________________
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now!_ 
(http://pr.atwola.com/promoclk/100126575x1222846709x1201493018/aol?redir=http://www.freecreditreport.com/pm/default.aspx?sc=668072&hmpgID=62&bcd=J
ulyBadfooterNO62) 

 
____________________________________
Windows Live? Hotmail?: Celebrate the moment with your favorite sports 
pics.  _Check  it out._ 
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____________________________________


 
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Windows Live?: Keep your life in sync. _Check it out._ 
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**************A Good Credit Score is 700 or Above. See yours in just 2 easy 
steps! 
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From jcrafor at hotmail.com  Mon Aug  3 09:16:01 2009
From: jcrafor at hotmail.com (j crafor)
Date: Mon, 3 Aug 2009 13:16:01 +0000
Subject: [5-DayForum] listing flat fee
In-Reply-To: <SNT116-W481E1C49BD0639B1FAAC66AE110@phx.gbl>
References: <ccd.5cd95f89.37a5a9c2@aol.com>
	<SNT116-W481E1C49BD0639B1FAAC66AE110@phx.gbl>
Message-ID: <SNT116-W286A2D9F3422244C2EFE73AE0F0@phx.gbl>


If you list flat fee, consider placing a notice with your agent sign in sheet, that the house is for sale by owner, and ask the agents to present their offers directly to you at your phone numbers.

 

Otherwise they present to  the listing agent, and he is not involved in any transactions. 

 

JCrafor

 


 

_________________________________________________________________
Windows Live?: Keep your life in sync.
http://windowslive.com/explore?ocid=PID23384::T:WLMTAGL:ON:WL:en-US:NF_BR_sync:082009
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From sglazar at yahoo.com  Mon Aug  3 00:19:20 2009
From: sglazar at yahoo.com (Stephanie Glazar)
Date: Sun, 2 Aug 2009 21:19:20 -0700 (PDT)
Subject: [5-DayForum] FEAR
Message-ID: <352651.84383.qm@web51310.mail.re2.yahoo.com>

5-day forum,
I am frightened that we will sell our house for much much less than what it is worth because of the market.? My realtor only showed my home to 3 people in a year.? I fought to have my contract voided because of that and won.? Last year, August 2008, I had hopes of selling my home for $55,000.? According to the book, I should set the price at one-half that, at $27,000 and then drop down to the magic 500 number, so my ad should read $26,500.? I am very worried that this would be what my house would sell at.? I need $23,300.00 to pay off the home equity loan attached to the home.? 
?
The book I bought was copyrighted, 2007.? Does this method hold true for this terrible real estate market in 2009? I would appreciate any positive comment.

Stephanie
?




Stephanie S. Glazar
412-443-5670 (cell)
sglazar at yahoo.com


      
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From donaldb627 at gmail.com  Mon Aug  3 15:32:51 2009
From: donaldb627 at gmail.com (Don Barton)
Date: Mon, 3 Aug 2009 13:32:51 -0600
Subject: [5-DayForum] half price sell
Message-ID: <5F2D0AA08D3C45D58628BAB7B023D5FD@LabDBDesignsPC>

Hi, 

I am getting ready to do a 5 day sale.  I understand the mechanics of the
process, but I don't quite understand how I can advertise a house worth 400K
home for "200K or highest bidder" and then if I don't get any acceptable
bids, just cancel it.  Shouldn't I be morally obliged to sell it for 200K if
that's my highest bid?  Isn't this false advertising?  I can say nothing is
legally binding until a contract is signed, but that makes the 200K a
misleading statement.  Please advise.  I want to do it this weekend.  I have
also sold 4 out of my last 5 homes myself, but without using the 5 day
method.

 

Thanks,

 

Don

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From gnoel88 at yahoo.com  Mon Aug  3 18:06:23 2009
From: gnoel88 at yahoo.com (Gary Noel)
Date: Mon, 3 Aug 2009 15:06:23 -0700 (PDT)
Subject: [5-DayForum] FEAR
In-Reply-To: <352651.84383.qm@web51310.mail.re2.yahoo.com>
References: <352651.84383.qm@web51310.mail.re2.yahoo.com>
Message-ID: <79421.35348.qm@web59509.mail.ac4.yahoo.com>

Hi Stephanie,

We did 2 round robin auctions, one this last week end and?th other?two week ends ago.? The first one was a townhouse in great condition.? Nothing in the complex has sold under $150,000.? Our highest offer was $94,000.? The other property needed work but when fixed up would be worth in the $300's.? I don't even want to tell you what the highest offer was.

We passed out 1500 flyers door to door, put an ad in the paper, put signs on just about every street corner for blocks around the property, had a large orange sign in front of the property, rented a wind dancer to draw attention, had about 8 other signs in front of the property, had the strip of flags streched out. Yah, it was a little disappointing.? But we will probably try it again on another property and try a few things differently to see if we can get better results.? I believe this method should work.? I just don't know what the missing link is yet.


Gary




________________________________
From: Stephanie Glazar <sglazar at yahoo.com>
To: 5-dayforum at howtosellyourhomein5days.com
Sent: Sunday, August 2, 2009 11:19:20 PM
Subject: [5-DayForum] FEAR


5-day forum,
I am frightened that we will sell our house for much much less than what it is worth because of the market.? My realtor only showed my home to 3 people in a year.? I fought to have my contract voided because of that and won.? Last year, August 2008, I had hopes of selling my home for $55,000.? According to the book, I should set the price at one-half that, at $27,000 and then drop down to the magic 500 number, so my ad should read $26,500.? I am very worried that this would be what my house would sell at.? I need $23,300.00 to pay off the home equity loan attached to the home.? 

The book I bought was copyrighted, 2007.? Does this method hold true for this terrible real estate market in 2009? I would appreciate any positive comment.

Stephanie

412-443-5670 (cell)Stephanie S. Glazar 
sglazar at yahoo.com 



      
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From sglazar at yahoo.com  Mon Aug  3 19:57:58 2009
From: sglazar at yahoo.com (Stephanie Glazar)
Date: Mon, 3 Aug 2009 16:57:58 -0700 (PDT)
Subject: [5-DayForum] FEAR
In-Reply-To: <79421.35348.qm@web59509.mail.ac4.yahoo.com>
Message-ID: <135991.53177.qm@web51303.mail.re2.yahoo.com>

Thanks for your story Gary!
After sending the email, I've had some time to think.? The truly scary thing would be to be stuck with the property for another winter with the 200 dollar monthly heating bill and the 600 dollar mortgage and the garbage bill, taxes, etc.!? I'm here at a Panera's reading the book from cover to cover.? I had just read enough to be interested.? My realtor showed my home to only 3 people in a year.....actually, it was one until I complained and in June 2 more people were shown my home.? I got out of my contract and the home's?got to go.? I like your idea about flyers in the neighborhood.? I'm going to do that! 
?
I was aiming for the end of August.? Do you suppose that's a better date than the first week of September?
Stephanie






Stephanie S. Glazar
412-443-5670 (cell)
sglazar at yahoo.com

--- On Mon, 8/3/09, Gary Noel <gnoel88 at yahoo.com> wrote:


From: Gary Noel <gnoel88 at yahoo.com>
Subject: Re: [5-DayForum] FEAR
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Monday, August 3, 2009, 6:06 PM






Hi Stephanie,
?
We did 2 round robin auctions, one this last week end and?th other?two week ends ago.? The first one was a townhouse in great condition.? Nothing in the complex has sold under $150,000.? Our highest offer was $94,000.? The other property needed work but when fixed up would be worth in the $300's.? I don't even want to tell you what the highest offer was.
?
We passed out 1500 flyers door to door, put an ad in the paper, put signs on just about every street corner for blocks around the property, had a large orange sign in front of the property, rented a wind dancer to draw attention, had about 8 other signs in front of the property, had the strip of flags streched out. Yah, it was a little disappointing.? But we will probably try it again on another property and try a few things differently to see if we can get better results.? I believe this method should work.? I just don't know what the missing link is yet.
?
?
Gary





From: Stephanie Glazar <sglazar at yahoo.com>
To: 5-dayforum at howtosellyourhomein5days.com
Sent: Sunday, August 2, 2009 11:19:20 PM
Subject: [5-DayForum] FEAR






5-day forum,
I am frightened that we will sell our house for much much less than what it is worth because of the market.? My realtor only showed my home to 3 people in a year.? I fought to have my contract voided because of that and won.? Last year, August 2008, I had hopes of selling my home for $55,000.? According to the book, I should set the price at one-half that, at $27,000 and then drop down to the magic 500 number, so my ad should read $26,500.? I am very worried that this would be what my house would sell at.? I need $23,300.00 to pay off the home equity loan attached to the home.? 
?
The book I bought was copyrighted, 2007.? Does this method hold true for this terrible real estate market in 2009? I would appreciate any positive comment.

Stephanie
?




Stephanie S. Glazar 
412-443-5670 (cell)
sglazar at yahoo.com


-----Inline Attachment Follows-----


_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



      
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From sglazar at yahoo.com  Mon Aug  3 20:01:51 2009
From: sglazar at yahoo.com (Stephanie Glazar)
Date: Mon, 3 Aug 2009 17:01:51 -0700 (PDT)
Subject: [5-DayForum] half price sell
In-Reply-To: <5F2D0AA08D3C45D58628BAB7B023D5FD@LabDBDesignsPC>
Message-ID: <674292.46047.qm@web51307.mail.re2.yahoo.com>

Hi Don,
When you get the answer to that question, let me know as well.? I had planned on selling my home at the end of August using the 5-day method.? 
?
My question to you is since you've sold homes yourself you obviously know....how do you find settlement agents?? They aren't in my phone book yellow pages.
Thanks in advance,
Stephanie






Stephanie S. Glazar
sglazar at yahoo.com

--- On Mon, 8/3/09, Don Barton <donaldb627 at gmail.com> wrote:


From: Don Barton <donaldb627 at gmail.com>
Subject: [5-DayForum] half price sell
To: 5-dayforum at howtosellyourhomein5days.com
Date: Monday, August 3, 2009, 3:32 PM








Hi, 
I am getting ready to do a 5 day sale.? I understand the mechanics of the process, but I don?t quite understand how I can advertise a house worth 400K home for ?200K or highest bidder? and then if I don?t get any acceptable bids, just cancel it.? Shouldn?t I be morally obliged to sell it for 200K if that?s my highest bid? ?Isn?t this false advertising?? I can say nothing is legally binding until a contract is signed, but that makes the 200K a misleading statement.? Please advise.? I want to do it this weekend.? I have also sold 4 out of my last 5 homes myself, but without using the 5 day method.
?
Thanks,
?
Don
-----Inline Attachment Follows-----


_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



      
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From tara at dastrup.com  Mon Aug  3 22:02:18 2009
From: tara at dastrup.com (Tara Dastrup)
Date: Mon, 3 Aug 2009 20:02:18 -0600
Subject: [5-DayForum] half price sell
In-Reply-To: <674292.46047.qm@web51307.mail.re2.yahoo.com>
References: <5F2D0AA08D3C45D58628BAB7B023D5FD@LabDBDesignsPC>,
	<674292.46047.qm@web51307.mail.re2.yahoo.com>
Message-ID: <7C873605C5CF804EBA9FCE425F4481E759A59BC1@phoo.dastrup.com>

I found out that a settlement agent is just a real estate attorney/lawyer. Just find a good one or ask a friend to recommend one that they've used when buying/selling a home. Let the attorney know you're doing basically a for sale by owner 5 day auction, and that he'll need to be ready to contact the buyer's attorney the next morning (monday) after the highest bid is reached. 

tara
________________________________________
From: 5-dayforum-bounces+tara=dastrup.com at mailman.howtosellyourhomein5days.com [5-dayforum-bounces+tara=dastrup.com at mailman.howtosellyourhomein5days.com] On Behalf Of Stephanie Glazar [sglazar at yahoo.com]
Sent: Monday, August 03, 2009 6:01 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] half price sell

Hi Don,
When you get the answer to that question, let me know as well.  I had planned on selling my home at the end of August using the 5-day method.

My question to you is since you've sold homes yourself you obviously know....how do you find settlement agents?  They aren't in my phone book yellow pages.
Thanks in advance,
Stephanie

Stephanie S. Glazar
sglazar at yahoo.com<mailto:sglazar at yahoo.com>


--- On Mon, 8/3/09, Don Barton <donaldb627 at gmail.com> wrote:

From: Don Barton <donaldb627 at gmail.com>
Subject: [5-DayForum] half price sell
To: 5-dayforum at howtosellyourhomein5days.com
Date: Monday, August 3, 2009, 3:32 PM

Hi,
I am getting ready to do a 5 day sale.  I understand the mechanics of the process, but I don?t quite understand how I can advertise a house worth 400K home for ?200K or highest bidder? and then if I don?t get any acceptable bids, just cancel it.  Shouldn?t I be morally obliged to sell it for 200K if that?s my highest bid?  Isn?t this false advertising?  I can say nothing is legally binding until a contract is signed, but that makes the 200K a misleading statement.  Please advise.  I want to do it this weekend.  I have also sold 4 out of my last 5 homes myself, but without using the 5 day method.

Thanks,

Don

-----Inline Attachment Follows-----

_______________________________________________
5-DayForum mailing list
MailScanner has detected a possible fraud attempt from "us.mc513.mail.yahoo.com" claiming to be 5-DayForum at mailman.howtosellyourhomein5days.com<http://us.mc513.mail.yahoo.com/mc/compose?to=5-DayForum at mailman.howtosellyourhomein5days.com>
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum




From damian_colden at yahoo.com  Mon Aug  3 22:45:31 2009
From: damian_colden at yahoo.com (Damian Colden)
Date: Mon, 3 Aug 2009 19:45:31 -0700 (PDT)
Subject: [5-DayForum] half price sell
In-Reply-To: <7C873605C5CF804EBA9FCE425F4481E759A59BC1@phoo.dastrup.com>
References: <5F2D0AA08D3C45D58628BAB7B023D5FD@LabDBDesignsPC>,
	<674292.46047.qm@web51307.mail.re2.yahoo.com>
	<7C873605C5CF804EBA9FCE425F4481E759A59BC1@phoo.dastrup.com>
Message-ID: <98.91404.qm@web53104.mail.re2.yahoo.com>


A settlement agent may also be a Title company, depending on whether you are in a State that uses Title Companies or Attorneys.

 Dac Colden
Realtor/Investor




----- Original Message ----
From: Tara Dastrup <tara at dastrup.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, August 3, 2009 10:02:18 PM
Subject: Re: [5-DayForum] half price sell

I found out that a settlement agent is just a real estate attorney/lawyer. Just find a good one or ask a friend to recommend one that they've used when buying/selling a home. Let the attorney know you're doing basically a for sale by owner 5 day auction, and that he'll need to be ready to contact the buyer's attorney the next morning (monday) after the highest bid is reached. 

tara
________________________________________
From: 5-dayforum-bounces+tara=dastrup.com at mailman.howtosellyourhomein5days.com [5-dayforum-bounces+tara=dastrup.com at mailman.howtosellyourhomein5days.com] On Behalf Of Stephanie Glazar [sglazar at yahoo.com]
Sent: Monday, August 03, 2009 6:01 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] half price sell

Hi Don,
When you get the answer to that question, let me know as well.  I had planned on selling my home at the end of August using the 5-day method.

My question to you is since you've sold homes yourself you obviously know....how do you find settlement agents?  They aren't in my phone book yellow pages.
Thanks in advance,
Stephanie

Stephanie S. Glazar
sglazar at yahoo.com<mailto:sglazar at yahoo.com>


--- On Mon, 8/3/09, Don Barton <donaldb627 at gmail.com> wrote:

From: Don Barton <donaldb627 at gmail.com>
Subject: [5-DayForum] half price sell
To: 5-dayforum at howtosellyourhomein5days.com
Date: Monday, August 3, 2009, 3:32 PM

Hi,
I am getting ready to do a 5 day sale.  I understand the mechanics of the process, but I don?t quite understand how I can advertise a house worth 400K home for ?200K or highest bidder? and then if I don?t get any acceptable bids, just cancel it.  Shouldn?t I be morally obliged to sell it for 200K if that?s my highest bid?  Isn?t this false advertising?  I can say nothing is legally binding until a contract is signed, but that makes the 200K a misleading statement.  Please advise.  I want to do it this weekend.  I have also sold 4 out of my last 5 homes myself, but without using the 5 day method.

Thanks,

Don

-----Inline Attachment Follows-----

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From donaldb627 at gmail.com  Mon Aug  3 22:48:25 2009
From: donaldb627 at gmail.com (Don Barton)
Date: Mon, 3 Aug 2009 20:48:25 -0600
Subject: [5-DayForum]  half price sell
Message-ID: <CAC825481611454190AF49D1EE62EC39@LabDBDesignsPC>

Hi Stephanie

 

In Colorado, I've always used a Title company.  In California, we used
Escrow agents.  They do all the work for a price, but it is a blessing and
worth every penny.

 

Don

 

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From gnoel88 at yahoo.com  Mon Aug  3 23:25:42 2009
From: gnoel88 at yahoo.com (Gary Noel)
Date: Mon, 3 Aug 2009 20:25:42 -0700 (PDT)
Subject: [5-DayForum] FEAR
In-Reply-To: <135991.53177.qm@web51303.mail.re2.yahoo.com>
References: <135991.53177.qm@web51303.mail.re2.yahoo.com>
Message-ID: <138486.72274.qm@web59514.mail.ac4.yahoo.com>

Actually I'm not sure when would be the best time to have the auction.? But I will add this.? The flyers and signs were by far the biggest draw.? We'll figure out what works and what doesn't.? It may be just doing something completely different that the book does have in it.




________________________________
From: Stephanie Glazar <sglazar at yahoo.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, August 3, 2009 6:57:58 PM
Subject: Re: [5-DayForum] FEAR


Thanks for your story Gary!
After sending the email, I've had some time to think.? The truly scary thing would be to be stuck with the property for another winter with the 200 dollar monthly heating bill and the 600 dollar mortgage and the garbage bill, taxes, etc.!? I'm here at a Panera's reading the book from cover to cover.? I had just read enough to be interested.? My realtor showed my home to only 3 people in a year.....actually, it was one until I complained and in June 2 more people were shown my home.? I got out of my contract and the home's?got to go.? I like your idea about flyers in the neighborhood.? I'm going to do that! 

I was aiming for the end of August.? Do you suppose that's a better date than the first week of September?
Stephanie


412-443-5670 (cell)Stephanie S. Glazar 
sglazar at yahoo.com

--- On Mon, 8/3/09, Gary Noel <gnoel88 at yahoo.com> wrote:


>From: Gary Noel <gnoel88 at yahoo.com>
>Subject: Re: [5-DayForum] FEAR
>To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
>Date: Monday, August 3, 2009, 6:06 PM
>
>
>Hi Stephanie,
>
>We did 2 round robin auctions, one this last week end and?th other?two week ends ago.? The first one was a townhouse in great condition.? Nothing in the complex has sold under $150,000.? Our highest offer was $94,000.? The other property needed work but when fixed up would be worth in the $300's.? I don't even want to tell you what the highest offer was.
>
>We passed out 1500 flyers door to door, put an ad in the paper, put signs on just about every street corner for blocks around the property, had a large orange sign in front of the property, rented a wind dancer to draw attention, had about 8 other signs in front of the property, had the strip of flags streched out. Yah, it was a little disappointing.? But we will probably try it again on another property and try a few things differently to see if we can get better results.? I believe this method should work.? I just don't know what the missing link is yet.
>
>
>Gary
>
>
>
>
________________________________
From: Stephanie Glazar <sglazar at yahoo.com>
>To: 5-dayforum at howtosellyourhomein5days.com
>Sent: Sunday, August 2, 2009 11:19:20 PM
>Subject: [5-DayForum] FEAR
>
>
>5-day forum,
>I am frightened that we will sell our house for much much less than what it is worth because of the market.? My realtor only showed my home to 3 people in a year.? I fought to have my contract voided because of that and won.? Last year, August 2008, I had hopes of selling my home for $55,000.? According to the book, I should set the price at one-half that, at $27,000 and then drop down to the magic 500 number, so my ad should read $26,500.? I am very worried that this would be what my house would sell at.? I need $23,300.00 to pay off the home equity loan attached to the home.? 
>
>The book I bought was copyrighted, 2007.? Does this method hold true for this terrible real estate market in 2009? I would appreciate any positive comment.
>
>Stephanie
>
>412-443-5670 (cell)Stephanie S. Glazar 
>sglazar at yahoo.com 
>
>
>-----Inline Attachment Follows-----
>
>
>_______________________________________________
>5-DayForum mailing list
>5-DayForum at mailman.howtosellyourhomein5days.com
>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>


      
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From artchr61 at yahoo.com  Mon Aug  3 23:39:28 2009
From: artchr61 at yahoo.com (Leslie Michaels)
Date: Mon, 3 Aug 2009 20:39:28 -0700 (PDT)
Subject: [5-DayForum] FEAR
In-Reply-To: <138486.72274.qm@web59514.mail.ac4.yahoo.com>
References: <135991.53177.qm@web51303.mail.re2.yahoo.com>
	<138486.72274.qm@web59514.mail.ac4.yahoo.com>
Message-ID: <675680.49570.qm@web80605.mail.mud.yahoo.com>

I would have to say that the book is very out dated for this real estate economy. I have yet to hear of any real positive feedback in favor of the book and the methods it promotes. I think the forum is a great way to find out what really works, not what Bill Effros wrote...(maybe he should be reading this forum as?well!)?I followed the book with regards to newspaper ads and some signs but it was very disappointing. I spent nearly 600.00 in advertising with nothing to show. Flyers probably wouldn't work in my area since most people around here just throw them away. I live in an upper middle class town near Chicago and I've tried the flat fee MLS with some showings and no offers, Bill's book with no success at all, and now I'm going with?a full service realtor at the end of the month.? Homes in my area are selling with full service realtors, so I'm going that route and hopefully I can sell my house by the end of the year.? I personally won't waste any
 more time or money with Bill's plan, but if anyone out there has a good success story, I'd love to hear it!!

Leslie



________________________________
From: Gary Noel <gnoel88 at yahoo.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, August 3, 2009 10:25:42 PM
Subject: Re: [5-DayForum] FEAR


Actually I'm not sure when would be the best time to have the auction.? But I will add this.? The flyers and signs were by far the biggest draw.? We'll figure out what works and what doesn't.? It may be just doing something completely different that the book does have in it.




________________________________
From: Stephanie Glazar <sglazar at yahoo.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, August 3, 2009 6:57:58 PM
Subject: Re: [5-DayForum] FEAR


Thanks for your story Gary!
After sending the email, I've had some time to think.? The truly scary thing would be to be stuck with the property for another winter with the 200 dollar monthly heating bill and the 600 dollar mortgage and the garbage bill, taxes, etc.!? I'm here at a Panera's reading the book from cover to cover.? I had just read enough to be interested.? My realtor showed my home to only 3 people in a year.....actually, it was one until I complained and in June 2 more people were shown my home.? I got out of my contract and the home's?got to go.? I like your idea about flyers in the neighborhood.? I'm going to do that! 

I was aiming for the end of August.? Do you suppose that's a better date than the first week of September?
Stephanie


412-443-5670 (cell)Stephanie S. Glazar 
sglazar at yahoo.com

--- On Mon, 8/3/09, Gary Noel <gnoel88 at yahoo.com> wrote:


>From: Gary Noel <gnoel88 at yahoo.com>
>Subject: Re: [5-DayForum] FEAR
>To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
>Date: Monday, August 3, 2009, 6:06 PM
>
>
>Hi Stephanie,
>
>We did 2 round robin auctions, one this last week end and?th other?two week ends ago.? The first one was a townhouse in great condition.? Nothing in the complex has sold under $150,000.? Our highest offer was $94,000.? The other property needed work but when fixed up would be worth in the $300's.? I don't even want to tell you what the highest offer was.
>
>We passed out 1500 flyers door to door, put an ad in the paper, put signs on just about every street corner for blocks around the property, had a large orange sign in front of the property, rented a wind dancer to draw attention, had about 8 other signs in front of the property, had the strip of flags streched out. Yah, it was a little disappointing.? But we will probably try it again on another property and try a few things differently to see if we can get better results.? I believe this method should work.? I just don't know what the missing link is yet.
>
>
>Gary
>
>
>
>
________________________________
From: Stephanie Glazar <sglazar at yahoo.com>
>To: 5-dayforum at howtosellyourhomein5days.com
>Sent: Sunday, August 2, 2009 11:19:20 PM
>Subject: [5-DayForum] FEAR
>
>
>5-day forum,
>I am frightened that we will sell our house for much much less than what it is worth because of the market.? My realtor only showed my home to 3 people in a year.? I fought to have my contract voided because of that and won.? Last year, August 2008, I had hopes of selling my home for $55,000.? According to the book, I should set the price at one-half that, at $27,000 and then drop down to the magic 500 number, so my ad should read $26,500.? I am very worried that this would be what my house would sell at.? I need $23,300.00 to pay off the home equity loan attached to the home.? 
>
>The book I bought was copyrighted, 2007.? Does this method hold true for this terrible real estate market in 2009? I would appreciate any positive comment.
>
>Stephanie
>
>412-443-5670 (cell)Stephanie S. Glazar 
>sglazar at yahoo.com 
>
>
>-----Inline Attachment Follows-----
>
>
>_______________________________________________
>5-DayForum mailing list
>5-DayForum at mailman.howtosellyourhomein5days.com
>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
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From rosemarie-fred at mindspring.com  Tue Aug  4 08:01:56 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Tue, 4 Aug 2009 08:01:56 -0400
Subject: [5-DayForum] FEAR
References: <135991.53177.qm@web51303.mail.re2.yahoo.com><138486.72274.qm@web59514.mail.ac4.yahoo.com>
	<675680.49570.qm@web80605.mail.mud.yahoo.com>
Message-ID: <155FC0ADA9B348D0BD535D33CF34BD90@rosemarifv6onv>

Leslie -
There are lots of success stories. You haven't been on this forum very long, or you would know that Bill does read it and weighs in when he thinks it's worth it. Since this forum is about his methods, I think we should be a little more polite about it, at least!
I have had two successful sales, and am planning another. If you read the archives you will find plenty of them. 
There are factors that affect how things work that have nothing to do with the book, but Bill always says that if you run the sale according to his methods you will find out the value of the house to the marketplace at that time. The 5-day sale is usually ahead of the rest of the market.
Bill is now working on the fourth edition, which may be why we are not hearing from him as much as usual. I know we are all interested to know what he will change. I know there will be more emphasis on internet advertising.
Let us know if you are successful with the realtor.
Rosemarie 
  ----- Original Message ----- 
  From: Leslie Michaels 
  To: How To Sell Your Home in 5-Days 
  Sent: Monday, August 03, 2009 11:39 PM
  Subject: Re: [5-DayForum] FEAR


  I would have to say that the book is very out dated for this real estate economy. I have yet to hear of any real positive feedback in favor of the book and the methods it promotes. I think the forum is a great way to find out what really works, not what Bill Effros wrote...(maybe he should be reading this forum as well!) I followed the book with regards to newspaper ads and some signs but it was very disappointing. I spent nearly 600.00 in advertising with nothing to show. Flyers probably wouldn't work in my area since most people around here just throw them away. I live in an upper middle class town near Chicago and I've tried the flat fee MLS with some showings and no offers, Bill's book with no success at all, and now I'm going with a full service realtor at the end of the month.  Homes in my area are selling with full service realtors, so I'm going that route and hopefully I can sell my house by the end of the year.  I personally won't waste any more time or money with Bill's plan, but if anyone out there has a good success story, I'd love to hear it!!

  Leslie



------------------------------------------------------------------------------
  From: Gary Noel <gnoel88 at yahoo.com>
  To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
  Sent: Monday, August 3, 2009 10:25:42 PM
  Subject: Re: [5-DayForum] FEAR


  Actually I'm not sure when would be the best time to have the auction.  But I will add this.  The flyers and signs were by far the biggest draw.  We'll figure out what works and what doesn't.  It may be just doing something completely different that the book does have in it.




------------------------------------------------------------------------------
  From: Stephanie Glazar <sglazar at yahoo.com>
  To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
  Sent: Monday, August 3, 2009 6:57:58 PM
  Subject: Re: [5-DayForum] FEAR

        Thanks for your story Gary!
        After sending the email, I've had some time to think.  The truly scary thing would be to be stuck with the property for another winter with the 200 dollar monthly heating bill and the 600 dollar mortgage and the garbage bill, taxes, etc.!  I'm here at a Panera's reading the book from cover to cover.  I had just read enough to be interested.  My realtor showed my home to only 3 people in a year.....actually, it was one until I complained and in June 2 more people were shown my home.  I got out of my contract and the home's got to go.  I like your idea about flyers in the neighborhood.  I'm going to do that! 

        I was aiming for the end of August.  Do you suppose that's a better date than the first week of September?
        Stephanie




        Stephanie S. Glazar 
        412-443-5670 (cell)

        sglazar at yahoo.com


        --- On Mon, 8/3/09, Gary Noel <gnoel88 at yahoo.com> wrote:


          From: Gary Noel <gnoel88 at yahoo.com>
          Subject: Re: [5-DayForum] FEAR
          To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
          Date: Monday, August 3, 2009, 6:06 PM


          Hi Stephanie,

          We did 2 round robin auctions, one this last week end and th other two week ends ago.  The first one was a townhouse in great condition.  Nothing in the complex has sold under $150,000.  Our highest offer was $94,000.  The other property needed work but when fixed up would be worth in the $300's.  I don't even want to tell you what the highest offer was.

          We passed out 1500 flyers door to door, put an ad in the paper, put signs on just about every street corner for blocks around the property, had a large orange sign in front of the property, rented a wind dancer to draw attention, had about 8 other signs in front of the property, had the strip of flags streched out. Yah, it was a little disappointing.  But we will probably try it again on another property and try a few things differently to see if we can get better results.  I believe this method should work.  I just don't know what the missing link is yet.


          Gary




----------------------------------------------------------------------
          From: Stephanie Glazar <sglazar at yahoo.com>
          To: 5-dayforum at howtosellyourhomein5days.com
          Sent: Sunday, August 2, 2009 11:19:20 PM
          Subject: [5-DayForum] FEAR

                5-day forum,
                I am frightened that we will sell our house for much much less than what it is worth because of the market.  My realtor only showed my home to 3 people in a year.  I fought to have my contract voided because of that and won.  Last year, August 2008, I had hopes of selling my home for $55,000.  According to the book, I should set the price at one-half that, at $27,000 and then drop down to the magic 500 number, so my ad should read $26,500.  I am very worried that this would be what my house would sell at.  I need $23,300.00 to pay off the home equity loan attached to the home.  

                The book I bought was copyrighted, 2007.  Does this method hold true for this terrible real estate market in 2009? I would appreciate any positive comment.

                Stephanie



                Stephanie S. Glazar 
                412-443-5670 (cell)

                sglazar at yahoo.com 




          -----Inline Attachment Follows-----


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          5-DayForum at mailman.howtosellyourhomein5days.com
          http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


       




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From Janetislight at aol.com  Tue Aug  4 08:34:54 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Tue, 4 Aug 2009 08:34:54 EDT
Subject: [5-DayForum] FEAR
Message-ID: <cfa.5f2d5c2c.37a984ee@aol.com>

It is holding true for some, and not so much for others.  The beauty  of 
the method is you don't HAVE to sell your house for anything less than what  
you want for it.  Since your house is at a lower price point, it would seem  
that the bidding could move right on up to what you wish in no time.
 
Good luck!
 
Janet
 
 
In a message dated 8/3/2009 4:18:24 P.M. Central Daylight Time,  
sglazar at yahoo.com writes:

5-day forum,
I am frightened that we will sell our house for much much less than  what 
it is worth because of the market.  My realtor only showed my  home to 3 
people in a year.  I fought to have my contract voided  because of that and won. 
 Last year, August 2008, I had hopes of  selling my home for $55,000.  
According to the book, I should set  the price at one-half that, at $27,000 and 
then drop down to the magic  500 number, so my ad should read $26,500.  I am 
very worried that  this would be what my house would sell at.  I need 
$23,300.00 to  pay off the home equity loan attached to the home.  
 
The book I bought was copyrighted, 2007.  Does this method  hold true for 
this terrible real estate market in 2009? I would  appreciate any positive 
comment.

Stephanie
 
 
 
 

Stephanie S. Glazar  


412-443-5670  (cell)


_sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) 




_______________________________________________
5-DayForum  mailing  list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
**************A Good Credit Score is 700 or Above. See yours in just 2 easy 
steps! 
(http://pr.atwola.com/promoclk/100126575x1222846709x1201493018/aol?redir=http://www.freecreditreport.com/pm/default.aspx?sc=668072&hmpgID=115&bcd
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From Janetislight at aol.com  Tue Aug  4 08:39:25 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Tue, 4 Aug 2009 08:39:25 EDT
Subject: [5-DayForum] FEAR
Message-ID: <c77.4f0dab0f.37a985fd@aol.com>

Avoid holidays and when kids go back to school.  I believe that  was in the 
book.
 
Janet
 
 
 
In a message dated 8/3/2009 6:59:03 P.M. Central Daylight Time,  
sglazar at yahoo.com writes:

Thanks for your story Gary!
After sending the email, I've had some time to think.  The  truly scary 
thing would be to be stuck with the property for another  winter with the 200 
dollar monthly heating bill and the 600 dollar  mortgage and the garbage 
bill, taxes, etc.!  I'm here at a Panera's  reading the book from cover to 
cover.  I had just read enough to be  interested.  My realtor showed my home to 
only 3 people in a  year.....actually, it was one until I complained and in 
June 2 more  people were shown my home.  I got out of my contract and the  
home's got to go.  I like your idea about flyers in the  neighborhood.  I'm 
going to do that! 
 
I was aiming for the end of August.  Do you suppose that's a  better date 
than the first week of September?
Stephanie



 
 

Stephanie S. Glazar  


412-443-5670  (cell)


_sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) 



--- On Mon, 8/3/09, Gary Noel  <gnoel88 at yahoo.com> wrote:


From:  Gary Noel <gnoel88 at yahoo.com>
Subject: Re: [5-DayForum]  FEAR
To: "How To Sell Your Home in 5-Days"  
<5-dayforum at mailman.howtosellyourhomein5days.com>
Date:  Monday, August 3, 2009, 6:06 PM

  
 
Hi Stephanie,
 
We did 2 round robin auctions, one this last week end and th  other two 
week ends ago.  The first one was a townhouse in  great condition.  Nothing in 
the complex has sold under  $150,000.  Our highest offer was $94,000.  The 
other  property needed work but when fixed up would be worth in the  $300's.  
I don't even want to tell you what the highest offer  was.
 
We passed out 1500 flyers door to door, put an ad in the paper,  put signs 
on just about every street corner for blocks around the  property, had a 
large orange sign in front of the property, rented a  wind dancer to draw 
attention, had about 8 other signs in front of the  property, had the strip of 
flags streched out. Yah, it was a little  disappointing.  But we will probably 
try it again on another  property and try a few things differently to see 
if we can get better  results.  I believe this method should work.  I just 
don't  know what the missing link is yet.
 
 
Gary


 
____________________________________
 From: Stephanie Glazar  <sglazar at yahoo.com>
To:  5-dayforum at howtosellyourhomein5days.com
Sent: Sunday, August 2, 2009  11:19:20 PM
Subject:  [5-DayForum] FEAR

5-day forum,
I am frightened that we will sell our house for much much  less than what 
it is worth because of the market.  My  realtor only showed my home to 3 
people in a year.  I  fought to have my contract voided because of that and won. 
  Last year, August 2008, I had hopes of selling my home for  $55,000.  
According to the book, I should set the price at  one-half that, at $27,000 and 
then drop down to the magic 500  number, so my ad should read $26,500.  I 
am very worried  that this would be what my house would sell at.  I need  
$23,300.00 to pay off the home equity loan attached to the  home.  
 
The book I bought was copyrighted, 2007.  Does this  method hold true for 
this terrible real estate market in 2009? I  would appreciate any positive 
comment.

Stephanie
 
 
 
 


Stephanie S.  Glazar  






412-443-5670  (cell) 


_sglazar at yahoo.com_ 
(http://us.mc513.mail.yahoo.com/mc/compose?to=sglazar at yahoo.com) 



-----Inline  Attachment Follows-----

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(http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) 




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From artchr61 at yahoo.com  Tue Aug  4 11:59:55 2009
From: artchr61 at yahoo.com (Leslie Michaels)
Date: Tue, 4 Aug 2009 08:59:55 -0700 (PDT)
Subject: [5-DayForum] half price sell
In-Reply-To: <5F2D0AA08D3C45D58628BAB7B023D5FD@LabDBDesignsPC>
References: <5F2D0AA08D3C45D58628BAB7B023D5FD@LabDBDesignsPC>
Message-ID: <919732.41919.qm@web80601.mail.mud.yahoo.com>

I thought the same thing, but called a couple of attorneys and found that you are under no legal obligation until a contract is signed. True, it does seem misleading, but I explained to people that called me that it is like an auction with a 'reserve price'. No one seemed to be too upset about it after I explained the process. However, since?I only got 8 phone calls?I changed my sale to a traditional open house. Only 1 of the people that was interested in the 5 day sale actually showed up at my open house.? It seems that this method is mainly used by realtors, not John Q Public trying to sell his own house. Just my observation...
Good luck to you

Leslie




________________________________
From: Don Barton <donaldb627 at gmail.com>
To: 5-dayforum at howtosellyourhomein5days.com
Sent: Monday, August 3, 2009 2:32:51 PM
Subject: [5-DayForum] half price sell


Hi, 
I am getting ready to do a 5 day sale.? I understand the mechanics of the process, but I don?t quite understand how I can advertise a house worth 400K home for ?200K or highest bidder? and then if I don?t get any acceptable bids, just cancel it.? Shouldn?t I be morally obliged to sell it for 200K if that?s my highest bid? ?Isn?t this false advertising?? I can say nothing is legally binding until a contract is signed, but that makes the 200K a misleading statement.? Please advise.? I want to do it this weekend.? I have also sold 4 out of my last 5 homes myself, but without using the 5 day method.
?
Thanks,
?
Don
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From jryantist at yahoo.com  Tue Aug  4 11:34:14 2009
From: jryantist at yahoo.com (Jamie Ryan)
Date: Tue, 4 Aug 2009 08:34:14 -0700 (PDT)
Subject: [5-DayForum] Anyone who has done this in Charlotte?
Message-ID: <124237.90806.qm@web54306.mail.re2.yahoo.com>

My husband and I are going to do a 5 day sale for our home near Charlotte, NC.? Has anyone done one around here?? What places are best for advertising, and does anyone have any additional tips?
Thanks!


      
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From gnoel88 at yahoo.com  Tue Aug  4 14:53:54 2009
From: gnoel88 at yahoo.com (Gary Noel)
Date: Tue, 4 Aug 2009 11:53:54 -0700 (PDT)
Subject: [5-DayForum] FEAR
In-Reply-To: <155FC0ADA9B348D0BD535D33CF34BD90@rosemarifv6onv>
References: <135991.53177.qm@web51303.mail.re2.yahoo.com><138486.72274.qm@web59514.mail.ac4.yahoo.com>
	<675680.49570.qm@web80605.mail.mud.yahoo.com>
	<155FC0ADA9B348D0BD535D33CF34BD90@rosemarifv6onv>
Message-ID: <362610.46191.qm@web59515.mail.ac4.yahoo.com>

Hi Rosemarie,

You mentioned something about having two successful auctions.? Can you share with us what you did to have such a wonderful experience?? I've personally tried two so far and advertised in many ways Bills' doesn't mention.? For example, passing out flyers and putting up signs on street corners.? In tracking the calls very few came from the newspaper and internet while most all came from the flyers and signs.? Even though I had 22 people come to the auction with 11 initial biders, the top bid was about one third of the current value.? So my question to anyone who can help is: what can be done to get the bid up to a little closer to market value?? Nothing in the area has sold for less than four times the highest bid we received on this model.




________________________________
From: rosemarie-fred <rosemarie-fred at mindspring.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Tuesday, August 4, 2009 7:01:56 AM
Subject: Re: [5-DayForum] FEAR


Leslie -
There are lots of success stories. You haven't been on this forum very long, or you would know that Bill does read it and weighs in when he thinks it's worth it. Since this forum is about his methods, I think we should be a little more polite about it, at least!
I have had two successful sales, and am planning another. If you read the archives you will find plenty of them. 
There are factors that affect how things work that have nothing to do with the book, but Bill always says that if you run the sale according to his methods you will find out the value of the house to the marketplace at that time. The 5-day sale is usually ahead of the rest of the market.
Bill is now working on the fourth edition, which may be why we are not hearing from him as much as usual. I know we are all interested to know what he will change. I know there will be more emphasis on internet advertising.
Let us know if you are successful with the realtor.
Rosemarie?
----- Original Message ----- 
>From: Leslie Michaels 
>To: How To Sell Your Home in 5-Days 
>Sent: Monday, August 03, 2009 11:39 PM
>Subject: Re: [5-DayForum] FEAR
>
>
>I would have to say that the book is very out dated for this real estate economy. I have yet to hear of any real positive feedback in favor of the book and the methods it promotes. I think the forum is a great way to find out what really works, not what Bill Effros wrote...(maybe he should be reading this forum as?well!)?I followed the book with regards to newspaper ads and some signs but it was very disappointing. I spent nearly 600.00 in advertising with nothing to show. Flyers probably wouldn't work in my area since most people around here just throw them away. I live in an upper middle class town near Chicago and I've tried the flat fee MLS with some showings and no offers, Bill's book with no success at all, and now I'm going with?a full service realtor at the end of the month.? Homes in my area are selling with full service realtors, so I'm going that route and hopefully I can sell my house by the end of the year.? I personally won't waste
 any more time or money with Bill's plan, but if anyone out there has a good success story, I'd love to hear it!!
>?
>Leslie
>
>
>
________________________________
From: Gary Noel <gnoel88 at yahoo.com>
>To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
>Sent: Monday, August 3, 2009 10:25:42 PM
>Subject: Re: [5-DayForum] FEAR
>
>
>Actually I'm not sure when would be the best time to have the auction.? But I will add this.? The flyers and signs were by far the biggest draw.? We'll figure out what works and what doesn't.? It may be just doing something completely different that the book does have in it.
>
>
>
>
________________________________
From: Stephanie Glazar <sglazar at yahoo.com>
>To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
>Sent: Monday, August 3, 2009 6:57:58 PM
>Subject: Re: [5-DayForum] FEAR
>
>
>Thanks for your story Gary!
>After sending the email, I've had some time to think.? The truly scary thing would be to be stuck with the property for another winter with the 200 dollar monthly heating bill and the 600 dollar mortgage and the garbage bill, taxes, etc.!? I'm here at a Panera's reading the book from cover to cover.? I had just read enough to be interested.? My realtor showed my home to only 3 people in a year.....actually, it was one until I complained and in June 2 more people were shown my home.? I got out of my contract and the home's?got to go.? I like your idea about flyers in the neighborhood.? I'm going to do that! 
>
>I was aiming for the end of August.? Do you suppose that's a better date than the first week of September?
>Stephanie
>
>
>412-443-5670 (cell)Stephanie S. Glazar 
>sglazar at yahoo.com
>
>--- On Mon, 8/3/09, Gary Noel <gnoel88 at yahoo.com> wrote:
>
>
>>From: Gary Noel <gnoel88 at yahoo.com>
>>Subject: Re: [5-DayForum] FEAR
>>To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
>>Date: Monday, August 3, 2009, 6:06 PM
>>
>>
>>Hi Stephanie,
>>
>>We did 2 round robin auctions, one this last week end and?th other?two week ends ago.? The first one was a townhouse in great condition.? Nothing in the complex has sold under $150,000.? Our highest offer was $94,000.? The other property needed work but when fixed up would be worth in the $300's.? I don't even want to tell you what the highest offer was.
>>
>>We passed out 1500 flyers door to door, put an ad in the paper, put signs on just about every street corner for blocks around the property, had a large orange sign in front of the property, rented a wind dancer to draw attention, had about 8 other signs in front of the property, had the strip of flags streched out. Yah, it was a little disappointing.? But we will probably try it again on another property and try a few things differently to see if we can get better results.? I believe this method should work.? I just don't know what the missing link is yet.
>>
>>
>>Gary
>>
>>
>>
>>
________________________________
From: Stephanie Glazar <sglazar at yahoo.com>
>>To: 5-dayforum at howtosellyourhomein5days.com
>>Sent: Sunday, August 2, 2009 11:19:20 PM
>>Subject: [5-DayForum] FEAR
>>
>>
>>5-day forum,
>>I am frightened that we will sell our house for much much less than what it is worth because of the market.? My realtor only showed my home to 3 people in a year.? I fought to have my contract voided because of that and won.? Last year, August 2008, I had hopes of selling my home for $55,000.? According to the book, I should set the price at one-half that, at $27,000 and then drop down to the magic 500 number, so my ad should read $26,500.? I am very worried that this would be what my house would sell at.? I need $23,300.00 to pay off the home equity loan attached to the home.? 
>>
>>The book I bought was copyrighted, 2007.? Does this method hold true for this terrible real estate market in 2009? I would appreciate any positive comment.
>>
>>Stephanie
>>
>>412-443-5670 (cell)Stephanie S. Glazar 
>>sglazar at yahoo.com 
>>
>>
>>-----Inline Attachment Follows-----
>>
>>
>>_______________________________________________
>>5-DayForum mailing list
>>5-DayForum at mailman.howtosellyourhomein5days.com
>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
> 
>
________________________________
_______________________________________________
>5-DayForum mailing list
>5-DayForum at mailman.howtosellyourhomein5days.com
>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>


      
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From sapruett at sbcglobal.net  Tue Aug  4 13:37:37 2009
From: sapruett at sbcglobal.net (Sue Pruett)
Date: Tue, 4 Aug 2009 10:37:37 -0700 (PDT)
Subject: [5-DayForum] Had a sale last weekend
Message-ID: <82514.44959.qm@web83804.mail.sp1.yahoo.com>

I am a big fan of this method.? We used the first book back in 1995 to sell our first house, and it worked great!? I always knew we would use this method for our second house.? Well, the time has come to sell our second house!? I purchased the book just about a month ago.? However, I didn't realize there was a third edition until about two weeks ago.? The seller didn't inform me of this fact!? I'm sure there is a lot in the third edition that would have been helpful to us!
?
Well, here's where our story stands right now.? 
?
We live in Southern Illinois, across the Mississippi from St. Louis.? Homes in our neighborhood have been selling in the upper $80's in the past 4 months.? When we compare our home to these, some things are better in ours, some are worse.? Ours is larger than any of them.? We had hoped to get about $90K, but would have been more than satisfied with $85K.? 
?
We tried the sale two weeks ago with ads in the only daily in town.? We got 4 calls.? We postponed the sale.? We were able to advertise in two weeklies, in addition to the daily.? We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.? At least 12 of our callers were so excited about the house, we thought we were good to go.? Don't break that rule!? We only had 5 families come to look, and only two bidders, and one could?not afford our starting price.? We did get a $75K offer, and we agreed to sell it to her.
?
The other thing we did was start at $74,500, because we were scared to start lower.??I'm sure this also contributed to fewer callers.??We arent' sure the current buyer is going to come through.? We should know by tonight.? If she doesn't, we are purchasing the third edition of the book, and doing it right!? We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.? I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.? 
?
I know I've gone on a long time, but?I do have a question -?can anyone point me to which internet advertising you all use.? I've never used anything but ebay to sell over the internet, and not for something like?a house!? ? I'd just like to get a picture of how internet advertising works.? Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL? 62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/
?
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From sterbert at yahoo.com  Tue Aug  4 15:06:55 2009
From: sterbert at yahoo.com (Steven Herbert)
Date: Tue, 4 Aug 2009 12:06:55 -0700 (PDT)
Subject: [5-DayForum] FEAR
In-Reply-To: <362610.46191.qm@web59515.mail.ac4.yahoo.com>
Message-ID: <954750.90828.qm@web30201.mail.mud.yahoo.com>

I'm a little irritated. The BOOK claims that you can get the best possible price by using Bill's method--that hasn't been the case on this forum, for a long while). So SUCCESSES are being defined as any sell for any price ("at least you got an offer" kind of success).

Knowing the best advertising in your area is a complicated process. Advertising rules have changed in Tacoma--Seattle area (1 newspaper just retired itself) and few hits came from Craigslist. No system is perfect so I don't believe as religious truth that "3 real buyers" will show up if you price the house at 50% ... b/c folks actually believe that 50% is a possiblity.

Just my thoughts and opinions. I'm here on the forum listening for info but I listed w/flat-fee MLS just recently.

Steven


--- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com> wrote:

> From: Gary Noel <gnoel88 at yahoo.com>
> Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Tuesday, August 4, 2009, 1:53 PM
> Hi
> Rosemarie,
> ?
> You mentioned something about having two successful
> auctions.? Can you share with us what you did to have
> such a wonderful experience?? I've personally tried
> two so far and advertised in many ways Bills'
> doesn't mention.? For example, passing out flyers
> and putting up signs on street corners.? In tracking
> the calls very few came from the newspaper and internet
> while most all came from the flyers and signs.? Even
> though I had 22 people come to the auction with 11 initial
> biders, the top bid was about one third of the current
> value.? So my question to anyone who can help is: what
> can be done to get the bid up to a little closer to market
> value?? Nothing in the area has sold for less than four
> times the highest bid we received on this model.
> 
> 
> 
> 
> 
> From:
> rosemarie-fred <rosemarie-fred at mindspring.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent:
> Tuesday, August 4, 2009 7:01:56 AM
> Subject: Re:
> [5-DayForum] FEAR
> 
> 
> #yiv206810613 DIV {
> MARGIN:0px;}
> 
> 
> Leslie -
> There are lots of success
> stories. You haven't been on this forum very long, or
> you would know that Bill does read it and weighs in when he
> thinks it's worth it. Since this forum is about his
> methods, I think we should be a little more polite about it,
> at least!
> I have had two successful
> sales, and am planning another. If you read the archives you
> will find plenty of them. 
> There are factors that
> affect how things work that have nothing to do with the
> book, but Bill always says that if you run the sale
> according to his methods you will find out the value of the
> house to the marketplace at that time. The 5-day sale is
> usually ahead of the rest of the market.
> Bill is now working on the
> fourth edition, which may be why we are not hearing from him
> as much as usual. I know we are all interested to know what
> he will change. I know there will be more emphasis on
> internet advertising.
> Let us know if you are
> successful with the realtor.
> Rosemarie?
> 
> ----- Original Message -----
> 
> From: Leslie Michaels
> 
> To: How
> To Sell Your Home in 5-Days 
> Sent: Monday, August
> 03, 2009 11:39 PM
> Subject: Re:
> [5-DayForum] FEAR
> 
> 
> 
> I would have to say that the book is very out dated
> for this real estate economy. I have yet to hear of any real
> positive feedback in favor of the book and the methods it
> promotes. I think the forum is a great way to find out what
> really works, not what Bill Effros wrote...(maybe he should
> be reading this forum as?well!)?I followed the
> book with regards to newspaper ads and some signs but it was
> very disappointing. I spent nearly 600.00 in advertising
> with nothing to show. Flyers probably wouldn't work in
> my area since most people around here just throw them away.
> I live in an upper middle class town near Chicago and
> I've tried the flat fee MLS with some showings and no
> offers, Bill's book with no success at all, and now
> I'm going with?a full service realtor at the end of
> the month.? Homes in my area are selling with full
> service realtors, so I'm going that route and hopefully
> I can sell my house by the end of the year.? I
>  personally won't waste any more time or money with
> Bill's plan, but if anyone out there has a good success
> story, I'd love to hear it!!
> ?
> Leslie
> 
> 
> 
> 
> From: Gary
> Noel <gnoel88 at yahoo.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Monday,
> August 3, 2009 10:25:42 PM
> Subject: Re:
> [5-DayForum] FEAR
> 
> 
> 
> Actually I'm not sure when would be the best time
> to have the auction.? But I will add this.? The
> flyers and signs were by far the biggest draw.?
> We'll figure out what works and what doesn't.?
> It may be just doing something completely different that the
> book does have in it.
> 
> 
> 
> 
> 
> From:
> Stephanie Glazar <sglazar at yahoo.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Monday,
> August 3, 2009 6:57:58 PM
> Subject: Re:
> [5-DayForum] FEAR
> 
> 
> 
> 
> 
> 
> Thanks for your story Gary!
> After sending the email, I've had some time to
> think.? The truly scary thing would be to be stuck with
> the property for another winter with the 200 dollar monthly
> heating bill and the 600 dollar mortgage and the garbage
> bill, taxes, etc.!? I'm here at a Panera's
> reading the book from cover to cover.? I had just read
> enough to be interested.? My realtor showed my home to
> only 3 people in a year.....actually, it was one until I
> complained and in June 2 more people were shown my
> home.? I got out of my contract and the
> home's?got to go.? I like your idea about
> flyers in the neighborhood.? I'm going to do that!
> 
> ?
> I was aiming for the end of August.? Do you
> suppose that's a better date than the first week of
> September?
> Stephanie
> 
> 
> 
> 
> 
> 
> Stephanie S.
> Glazar 
> 412-443-5670
> (cell)
> sglazar at yahoo.com
> 
> --- On Mon, 8/3/09, Gary Noel
> <gnoel88 at yahoo.com> wrote:
> 
> 
> From: Gary Noel <gnoel88 at yahoo.com>
> Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in 5-Days"
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Monday, August 3, 2009, 6:06 PM
> 
> 
> 
> 
> 
> 
> Hi Stephanie,
> ?
> We did 2 round robin auctions, one this last week end
> and?th other?two week ends ago.? The first
> one was a townhouse in great condition.? Nothing in the
> complex has sold under $150,000.? Our highest offer was
> $94,000.? The other property needed work but when fixed
> up would be worth in the $300's.? I don't even
> want to tell you what the highest offer was.
> ?
> We passed out 1500 flyers door to door, put an ad in
> the paper, put signs on just about every street corner for
> blocks around the property, had a large orange sign in front
> of the property, rented a wind dancer to draw attention, had
> about 8 other signs in front of the property, had the strip
> of flags streched out. Yah, it was a little
> disappointing.? But we will probably try it again on
> another property and try a few things differently to see if
> we can get better results.? I believe this method
> should work.? I just don't know what the missing
> link is yet.
> ?
> ?
> Gary
> 
> 
> 
> 
> 
> From:
> Stephanie Glazar <sglazar at yahoo.com>
> To:
> 5-dayforum at howtosellyourhomein5days.com
> Sent: Sunday,
> August 2, 2009 11:19:20 PM
> Subject:
> [5-DayForum] FEAR
> 
> 
> 
> 
> 
> 
> 5-day forum,
> I am frightened that we will sell our house for much
> much less than what it is worth because of the market.?
> My realtor only showed my home to 3 people in a year.?
> I fought to have my contract voided because of that and
> won.? Last year, August 2008, I had hopes of selling my
> home for $55,000.? According to the book, I should set
> the price at one-half that, at $27,000 and then drop down to
> the magic 500 number, so my ad should read $26,500.? I
> am very worried that this would be what my house would sell
> at.? I need $23,300.00 to pay off the home equity loan
> attached to the home.? 
> ?
> The book I bought was copyrighted, 2007.? Does
> this method hold true for this terrible real estate market
> in 2009? I would appreciate any positive comment.
> 
> Stephanie
> ?
> 
> 
> 
> 
> Stephanie S.
> Glazar 
> 412-443-5670
> (cell)
> 
> 
> sglazar at yahoo.com
> 
> 
> -----Inline Attachment Follows-----
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
>       
> -----Inline Attachment Follows-----
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 


      


From Janetislight at aol.com  Tue Aug  4 15:38:27 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Tue, 4 Aug 2009 15:38:27 EDT
Subject: [5-DayForum] Had a sale last weekend
Message-ID: <be4.5c5caf65.37a9e833@aol.com>

The only Internet site I used was Craig's List, which resulted in "zero"  
responses.
 
Janet
 
 
In a message dated 8/4/2009 2:30:07 P.M. Central Daylight Time,  
sapruett at sbcglobal.net writes:

I am a big fan of this method.  We used the first book back in  1995 to 
sell our first house, and it worked great!  I always knew  we would use this 
method for our second house.  Well, the time has  come to sell our second 
house!  I purchased the book just about a  month ago.  However, I didn't realize 
there was a third edition  until about two weeks ago.  The seller didn't 
inform me of this  fact!  I'm sure there is a lot in the third edition that 
would have  been helpful to us!
 
Well, here's where our story stands right now.  
 
We live in Southern Illinois, across the Mississippi from St.  Louis.  
Homes in our neighborhood have been selling in the upper  $80's in the past 4 
months.  When we compare our home to these,  some things are better in ours, 
some are worse.  Ours is larger  than any of them.  We had hoped to get about 
$90K, but would have  been more than satisfied with $85K.  
 
We tried the sale two weeks ago with ads in the only daily in  town.  We 
got 4 calls.  We postponed the sale.  We were  able to advertise in two 
weeklies, in addition to the daily.  We  broke a big rule - we only had 17 calls 
by Friday, but went ahead with  the sale.  At least 12 of our callers were so 
excited about the  house, we thought we were good to go.  Don't break that 
rule!   We only had 5 families come to look, and only two bidders, and one  
could not afford our starting price.  We did get a $75K offer,  and we 
agreed to sell it to her.
 
The other thing we did was start at $74,500, because we were scared  to 
start lower.  I'm sure this also contributed to fewer  callers.  We arent' sure 
the current buyer is going to come  through.  We should know by tonight.  
If she doesn't, we are  purchasing the third edition of the book, and doing 
it right!   We'll start at $49,500, and we'll utilize the other advertising 
methods  discussed in the third edition.  I almost wish the fourth edition  
was already out, as I'm worried we are behind the times with the  internet 
advertising.  
 
I know I've gone on a long time, but I do have a question  - can anyone 
point me to which internet advertising you all  use.  I've never used anything 
but ebay to sell over the internet,  and not for something like a house!    
I'd just like to  get a picture of how internet advertising works.  Thanks 
so much  for sticking with my story!


Sue Pruett
32950 Delhi  Road
Brighton, IL   62012
618-372-3501
Visit my blogs at _http://www.thecharlottemasongirl.com/_ 
(http://www.thecharlottemasongirl.com/) 
and _http://www.illinoisgreenhome.com_ (http://www.illinoisgreenhome.com/) 
and _http://parentingwithstyle.blogspot.com/_ 
(http://parentingwithstyle.blogspot.com/) 
 


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From rosemarie-fred at mindspring.com  Tue Aug  4 15:47:09 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Tue, 4 Aug 2009 15:47:09 -0400
Subject: [5-DayForum] SUCCESS
References: <135991.53177.qm@web51303.mail.re2.yahoo.com><138486.72274.qm@web59514.mail.ac4.yahoo.com><675680.49570.qm@web80605.mail.mud.yahoo.com><155FC0ADA9B348D0BD535D33CF34BD90@rosemarifv6onv>
	<362610.46191.qm@web59515.mail.ac4.yahoo.com>
Message-ID: <58B17FF861DE4BC8BF52DF18473887D7@rosemarifv6onv>

Look back in the forum - I have written lots of stuff!
I advertised as suggested - daily paper, Pennysaver, a couple of weeklies. I used Postlets.com.  I did put up signs the day of the sale, directing people to the house - the signs were the same as the ad, except I put TODAY instead of Sat-Sun. I hand wrote them and used color.
Others have written success stories - check out the archives. I am changing this subject from FEAR - that is not a nice subject to keep coming up!
Rosemarie
  ----- Original Message ----- 
  From: Gary Noel 
  To: How To Sell Your Home in 5-Days 
  Sent: Tuesday, August 04, 2009 2:53 PM
  Subject: Re: [5-DayForum] FEAR


  Hi Rosemarie,

  You mentioned something about having two successful auctions.  Can you share with us what you did to have such a wonderful experience?  I've personally tried two so far and advertised in many ways Bills' doesn't mention.  For example, passing out flyers and putting up signs on street corners.  In tracking the calls very few came from the newspaper and internet while most all came from the flyers and signs.  Even though I had 22 people come to the auction with 11 initial biders, the top bid was about one third of the current value.  So my question to anyone who can help is: what can be done to get the bid up to a little closer to market value?  Nothing in the area has sold for less than four times the highest bid we received on this model.




------------------------------------------------------------------------------
  From: rosemarie-fred <rosemarie-fred at mindspring.com>
  To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
  Sent: Tuesday, August 4, 2009 7:01:56 AM
  Subject: Re: [5-DayForum] FEAR


  Leslie -
  There are lots of success stories. You haven't been on this forum very long, or you would know that Bill does read it and weighs in when he thinks it's worth it. Since this forum is about his methods, I think we should be a little more polite about it, at least!
  I have had two successful sales, and am planning another. If you read the archives you will find plenty of them. 
  There are factors that affect how things work that have nothing to do with the book, but Bill always says that if you run the sale according to his methods you will find out the value of the house to the marketplace at that time. The 5-day sale is usually ahead of the rest of the market.
  Bill is now working on the fourth edition, which may be why we are not hearing from him as much as usual. I know we are all interested to know what he will change. I know there will be more emphasis on internet advertising.
  Let us know if you are successful with the realtor.
  Rosemarie 
    ----- Original Message ----- 
    From: Leslie Michaels 
    To: How To Sell Your Home in 5-Days 
    Sent: Monday, August 03, 2009 11:39 PM
    Subject: Re: [5-DayForum] FEAR


    I would have to say that the book is very out dated for this real estate economy. I have yet to hear of any real positive feedback in favor of the book and the methods it promotes. I think the forum is a great way to find out what really works, not what Bill Effros wrote...(maybe he should be reading this forum as well!) I followed the book with regards to newspaper ads and some signs but it was very disappointing. I spent nearly 600.00 in advertising with nothing to show. Flyers probably wouldn't work in my area since most people around here just throw them away. I live in an upper middle class town near Chicago and I've tried the flat fee MLS with some showings and no offers, Bill's book with no success at all, and now I'm going with a full service realtor at the end of the month.  Homes in my area are selling with full service realtors, so I'm going that route and hopefully I can sell my house by the end of the year.  I personally won't waste any more time or money with Bill's plan, but if anyone out there has a good success story, I'd love to hear it!!

    Leslie



----------------------------------------------------------------------------
    From: Gary Noel <gnoel88 at yahoo.com>
    To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
    Sent: Monday, August 3, 2009 10:25:42 PM
    Subject: Re: [5-DayForum] FEAR


    Actually I'm not sure when would be the best time to have the auction.  But I will add this.  The flyers and signs were by far the biggest draw.  We'll figure out what works and what doesn't.  It may be just doing something completely different that the book does have in it.




----------------------------------------------------------------------------
    From: Stephanie Glazar <sglazar at yahoo.com>
    To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
    Sent: Monday, August 3, 2009 6:57:58 PM
    Subject: Re: [5-DayForum] FEAR

          Thanks for your story Gary!
          After sending the email, I've had some time to think.  The truly scary thing would be to be stuck with the property for another winter with the 200 dollar monthly heating bill and the 600 dollar mortgage and the garbage bill, taxes, etc.!  I'm here at a Panera's reading the book from cover to cover.  I had just read enough to be interested.  My realtor showed my home to only 3 people in a year.....actually, it was one until I complained and in June 2 more people were shown my home.  I got out of my contract and the home's got to go.  I like your idea about flyers in the neighborhood.  I'm going to do that! 

          I was aiming for the end of August.  Do you suppose that's a better date than the first week of September?
          Stephanie




          Stephanie S. Glazar 
          412-443-5670 (cell)

          sglazar at yahoo.com


          --- On Mon, 8/3/09, Gary Noel <gnoel88 at yahoo.com> wrote:


            From: Gary Noel <gnoel88 at yahoo.com>
            Subject: Re: [5-DayForum] FEAR
            To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
            Date: Monday, August 3, 2009, 6:06 PM


            Hi Stephanie,

            We did 2 round robin auctions, one this last week end and th other two week ends ago.  The first one was a townhouse in great condition.  Nothing in the complex has sold under $150,000.  Our highest offer was $94,000.  The other property needed work but when fixed up would be worth in the $300's.  I don't even want to tell you what the highest offer was.

            We passed out 1500 flyers door to door, put an ad in the paper, put signs on just about every street corner for blocks around the property, had a large orange sign in front of the property, rented a wind dancer to draw attention, had about 8 other signs in front of the property, had the strip of flags streched out. Yah, it was a little disappointing.  But we will probably try it again on another property and try a few things differently to see if we can get better results.  I believe this method should work.  I just don't know what the missing link is yet.


            Gary




--------------------------------------------------------------------
            From: Stephanie Glazar <sglazar at yahoo.com>
            To: 5-dayforum at howtosellyourhomein5days.com
            Sent: Sunday, August 2, 2009 11:19:20 PM
            Subject: [5-DayForum] FEAR

                  5-day forum,
                  I am frightened that we will sell our house for much much less than what it is worth because of the market.  My realtor only showed my home to 3 people in a year.  I fought to have my contract voided because of that and won.  Last year, August 2008, I had hopes of selling my home for $55,000.  According to the book, I should set the price at one-half that, at $27,000 and then drop down to the magic 500 number, so my ad should read $26,500.  I am very worried that this would be what my house would sell at.  I need $23,300.00 to pay off the home equity loan attached to the home.  

                  The book I bought was copyrighted, 2007.  Does this method hold true for this terrible real estate market in 2009? I would appreciate any positive comment.

                  Stephanie



                  Stephanie S. Glazar 
                  412-443-5670 (cell)

                  sglazar at yahoo.com 




            -----Inline Attachment Follows-----


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From rosemarie-fred at mindspring.com  Tue Aug  4 15:50:01 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Tue, 4 Aug 2009 15:50:01 -0400
Subject: [5-DayForum] Anyone who has done this in Charlotte?
References: <124237.90806.qm@web54306.mail.re2.yahoo.com>
Message-ID: <549723753DFA4919BC0276211BB6D009@rosemarifv6onv>

I am in Charlotte.
I found the Observer expensive and not too productive. I used the Carolina Nickel, Creative Loafing, Charlotte Weekly, Skirt, and any other papers I could find!
Also I used Postlets.com, which posts your ad on many sites.
Where exactly are you?
Rosemarie
  ----- Original Message ----- 
  From: Jamie Ryan 
  To: 5-dayforum at mailman.howtosellyourhomein5days.com 
  Sent: Tuesday, August 04, 2009 11:34 AM
  Subject: [5-DayForum] Anyone who has done this in Charlotte?


        My husband and I are going to do a 5 day sale for our home near Charlotte, NC.  Has anyone done one around here?  What places are best for advertising, and does anyone have any additional tips?
        Thanks! 




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From Janetislight at aol.com  Tue Aug  4 15:58:58 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Tue, 4 Aug 2009 15:58:58 EDT
Subject: [5-DayForum] FEAR
Message-ID: <c82.4c0d3ebd.37a9ed02@aol.com>

I'm not convinced 1/2 price is the magic number either.  I would  rather 
fewer people come and advertise say, 20% below market.  Then you are  more 
likely to get people who are not only really interested in your home at a  fair 
value, but also "qualify" for the purchase.
 
Janet
 
 
In a message dated 8/4/2009 2:40:52 P.M. Central Daylight Time,  
sterbert at yahoo.com writes:

I'm a  little irritated. The BOOK claims that you can get the best possible 
price by  using Bill's method--that hasn't been the case on this forum, for 
a long  while). So SUCCESSES are being defined as any sell for any price 
("at least  you got an offer" kind of success).

Knowing the best advertising in  your area is a complicated process. 
Advertising rules have changed in  Tacoma--Seattle area (1 newspaper just retired 
itself) and few hits came from  Craigslist. No system is perfect so I don't 
believe as religious truth that "3  real buyers" will show up if you price 
the house at 50% ... b/c folks actually  believe that 50% is a possiblity.

Just my thoughts and opinions. I'm  here on the forum listening for info 
but I listed w/flat-fee MLS just  recently.

Steven


--- On Tue, 8/4/09, Gary Noel  <gnoel88 at yahoo.com> wrote:

> From: Gary Noel  <gnoel88 at yahoo.com>
> Subject: Re: [5-DayForum] FEAR
> To:  "How To Sell Your Home in 5-Days"  
<5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Tuesday,  August 4, 2009, 1:53 PM
> Hi
> Rosemarie,
>  
>  You mentioned something about having two successful
> auctions.   Can you share with us what you did to have
> such a wonderful  experience?  I've personally tried
> two so far and advertised in  many ways Bills'
> doesn't mention.  For example, passing out  flyers
> and putting up signs on street corners.  In  tracking
> the calls very few came from the newspaper and  internet
> while most all came from the flyers and signs.   Even
> though I had 22 people come to the auction with 11  initial
> biders, the top bid was about one third of the current
>  value.  So my question to anyone who can help is: what
> can be  done to get the bid up to a little closer to market
> value?   Nothing in the area has sold for less than four
> times the highest bid  we received on this model.
> 
> 
> 
> 
>  
> From:
> rosemarie-fred  <rosemarie-fred at mindspring.com>
> To: How To
> Sell Your  Home in 5-Days
>  <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent:
>  Tuesday, August 4, 2009 7:01:56 AM
> Subject: Re:
> [5-DayForum]  FEAR
> 
> 
> #yiv206810613 DIV {
>  MARGIN:0px;}
> 
> 
> Leslie -
> There are lots of  success
> stories. You haven't been on this forum very long, or
>  you would know that Bill does read it and weighs in when he
> thinks  it's worth it. Since this forum is about his
> methods, I think we  should be a little more polite about it,
> at least!
> I have had  two successful
> sales, and am planning another. If you read the  archives you
> will find plenty of them. 
> There are factors  that
> affect how things work that have nothing to do with the
>  book, but Bill always says that if you run the sale
> according to his  methods you will find out the value of the
> house to the marketplace at  that time. The 5-day sale is
> usually ahead of the rest of the  market.
> Bill is now working on the
> fourth edition, which may  be why we are not hearing from him
> as much as usual. I know we are all  interested to know what
> he will change. I know there will be more  emphasis on
> internet advertising.
> Let us know if you  are
> successful with the realtor.
> Rosemarie 
>  
> ----- Original Message -----
> 
> From: Leslie  Michaels
> 
> To: How
> To Sell Your Home in 5-Days 
>  Sent: Monday, August
> 03, 2009 11:39 PM
> Subject: Re:
>  [5-DayForum] FEAR
> 
> 
> 
> I would have to say that  the book is very out dated
> for this real estate economy. I have yet to  hear of any real
> positive feedback in favor of the book and the  methods it
> promotes. I think the forum is a great way to find out  what
> really works, not what Bill Effros wrote...(maybe he  should
> be reading this forum as well!) I followed  the
> book with regards to newspaper ads and some signs but it  was
> very disappointing. I spent nearly 600.00 in advertising
>  with nothing to show. Flyers probably wouldn't work in
> my area since  most people around here just throw them away.
> I live in an upper  middle class town near Chicago and
> I've tried the flat fee MLS with  some showings and no
> offers, Bill's book with no success at all, and  now
> I'm going with a full service realtor at the end of
>  the month.  Homes in my area are selling with full
> service  realtors, so I'm going that route and hopefully
> I can sell my house by  the end of the year.  I
>  personally won't waste any more  time or money with
> Bill's plan, but if anyone out there has a good  success
> story, I'd love to hear it!!
>  
>  Leslie
> 
> 
> 
> 
> From: Gary
> Noel  <gnoel88 at yahoo.com>
> To: How To
> Sell Your Home in  5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
>  Sent: Monday,
> August 3, 2009 10:25:42 PM
> Subject: Re:
>  [5-DayForum] FEAR
> 
> 
> 
> Actually I'm not sure  when would be the best time
> to have the auction.  But I will add  this.  The
> flyers and signs were by far the biggest  draw. 
> We'll figure out what works and what  doesn't. 
> It may be just doing something completely different  that the
> book does have in it.
> 
> 
> 
>  
> 
> From:
> Stephanie Glazar  <sglazar at yahoo.com>
> To: How To
> Sell Your Home in  5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
>  Sent: Monday,
> August 3, 2009 6:57:58 PM
> Subject: Re:
>  [5-DayForum] FEAR
> 
> 
> 
> 
> 
>  
> Thanks for your story Gary!
> After sending the email, I've had  some time to
> think.  The truly scary thing would be to be stuck  with
> the property for another winter with the 200 dollar  monthly
> heating bill and the 600 dollar mortgage and the  garbage
> bill, taxes, etc.!  I'm here at a Panera's
>  reading the book from cover to cover.  I had just read
> enough to  be interested.  My realtor showed my home to
> only 3 people in a  year.....actually, it was one until I
> complained and in June 2 more  people were shown my
> home.  I got out of my contract and  the
> home's got to go.  I like your idea about
> flyers  in the neighborhood.  I'm going to do that!
> 
>  
> I was aiming for the end of August.  Do you
>  suppose that's a better date than the first week of
> September?
>  Stephanie
> 
> 
> 
> 
> 
> 
>  Stephanie S.
> Glazar 
> 412-443-5670
> (cell)
>  sglazar at yahoo.com
> 
> --- On Mon, 8/3/09, Gary Noel
>  <gnoel88 at yahoo.com> wrote:
> 
> 
> From: Gary Noel  <gnoel88 at yahoo.com>
> Subject: Re: [5-DayForum] FEAR
> To:  "How To Sell Your Home in 5-Days"
>  <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Monday,  August 3, 2009, 6:06 PM
> 
> 
> 
> 
> 
>  
> Hi Stephanie,
>  
> We did 2 round robin auctions,  one this last week end
> and th other two week ends ago.   The first
> one was a townhouse in great condition.  Nothing in  the
> complex has sold under $150,000.  Our highest offer  was
> $94,000.  The other property needed work but when  fixed
> up would be worth in the $300's.  I don't even
> want  to tell you what the highest offer was.
>  
> We passed out  1500 flyers door to door, put an ad in
> the paper, put signs on just  about every street corner for
> blocks around the property, had a large  orange sign in front
> of the property, rented a wind dancer to draw  attention, had
> about 8 other signs in front of the property, had the  strip
> of flags streched out. Yah, it was a little
>  disappointing.  But we will probably try it again on
> another  property and try a few things differently to see if
> we can get better  results.  I believe this method
> should work.  I just don't  know what the missing
> link is yet.
>  
>  
> Gary
> 
> 
> 
> 
> 
>  From:
> Stephanie Glazar <sglazar at yahoo.com>
> To:
>  5-dayforum at howtosellyourhomein5days.com
> Sent: Sunday,
> August  2, 2009 11:19:20 PM
> Subject:
> [5-DayForum] FEAR
>  
> 
> 
> 
> 
> 
> 5-day forum,
> I  am frightened that we will sell our house for much
> much less than what  it is worth because of the market. 
> My realtor only showed my  home to 3 people in a year. 
> I fought to have my contract voided  because of that and
> won.  Last year, August 2008, I had hopes of  selling my
> home for $55,000.  According to the book, I should  set
> the price at one-half that, at $27,000 and then drop down  to
> the magic 500 number, so my ad should read $26,500.  I
>  am very worried that this would be what my house would sell
> at.   I need $23,300.00 to pay off the home equity loan
> attached to the  home.  
>  
> The book I bought was copyrighted,  2007.  Does
> this method hold true for this terrible real estate  market
> in 2009? I would appreciate any positive comment.
>  
> Stephanie
>  
> 
> 
> 
> 
>  Stephanie S.
> Glazar 
> 412-443-5670
> (cell)
>  
> 
> sglazar at yahoo.com
> 
> 
> -----Inline  Attachment Follows-----
> 
> 
>  _______________________________________________
> 5-DayForum mailing  list
> 5-DayForum at mailman.howtosellyourhomein5days.com
>  
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>  
> 
> 
> 
> 
> 
> 
> 
>  
> 
> 
> 
> 
> 
> 
> 
>  
> 
> 
>  _______________________________________________
> 5-DayForum mailing  list
> 5-DayForum at mailman.howtosellyourhomein5days.com
>  
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>  
> 
> 
> 
> 
> 
> 
> 
>  
> 
> 
> 
>       
>  -----Inline Attachment Follows-----
> 
>  _______________________________________________
> 5-DayForum mailing  list
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>  
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>  




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From barks4444 at comcast.net  Tue Aug  4 16:04:01 2009
From: barks4444 at comcast.net (Bill Barks)
Date: Tue, 4 Aug 2009 13:04:01 -0700
Subject: [5-DayForum] FEAR
References: <954750.90828.qm@web30201.mail.mud.yahoo.com>
Message-ID: <030b01ca153e$b5d6f680$6801a8c0@FAMILYROOM>

I disagree that the process is not working.  I think it is working.  The 
discrepancy in the price delivered through the 5-day sale and the price 
expected by the seller is that  there aren't buyers out there willing to pay 
what the seller thinks it is worth.  therefore the seller is wrong in their 
estimation.  In any market the house is only worth what someone is willing 
to pay for it.  So in fact the process is working .  it is identifying what 
the house is worth in your market at the time the sale is run.  Likely the 
number is what it sold for 10-12 years ago before the unjustified run-up in 
housing prices. -the bubble.

Some experts say the sub-prime mess is nothing compared to the "prime mess 
we are about to see.

I am having first hand experience with this - a 1.2 million dollar purchase 
in Nov '06 of 300' of western-facing waterfront - with a 2900'sq ft well 
constructed fully remodeled ranch house and 650' sq ft guest house. in a 
rural area of the Puget  Sound region of Western Washington state,. 
Currently there are 32 homes on the market in my price range with only 2 
sales since March.    Other than a 5-day sale, which I plan to run next 
week,  it is very difficult to ascertain the value of a property.  I ran 
some hypothetical "bargain" # s by a realtor in the area for 27 years --I 
asked " what about $ 850,000 ?- would that get buyers excited ?- his reply 
was "join the club, there are homes currently listed at 1/2 of what they 
were listed 1 year ago--and no interest.  the buyers just aren't there".

That is the real FEAR issue- buyers a afraid to buy what may likely turn out 
to be a depreciating liability , rather than an asset.  And what bank would 
want to loan in that situation?

So run the 5-day sale --to the book...and there will be your answer as to 
what your house is worth....and then make your plan accordingly --rather 
than on what you "wish" your home would sell for.




----- Original Message ----- 
From: "Steven Herbert" <sterbert at yahoo.com>
To: "How To Sell Your Home in 5-Days" 
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Tuesday, August 04, 2009 12:06 PM
Subject: Re: [5-DayForum] FEAR


I'm a little irritated. The BOOK claims that you can get the best possible 
price by using Bill's method--that hasn't been the case on this forum, for a 
long while). So SUCCESSES are being defined as any sell for any price ("at 
least you got an offer" kind of success).

Knowing the best advertising in your area is a complicated process. 
Advertising rules have changed in Tacoma--Seattle area (1 newspaper just 
retired itself) and few hits came from Craigslist. No system is perfect so I 
don't believe as religious truth that "3 real buyers" will show up if you 
price the house at 50% ... b/c folks actually believe that 50% is a 
possiblity.

Just my thoughts and opinions. I'm here on the forum listening for info but 
I listed w/flat-fee MLS just recently.

Steven


--- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com> wrote:

> From: Gary Noel <gnoel88 at yahoo.com>
> Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in 5-Days" 
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Tuesday, August 4, 2009, 1:53 PM
> Hi
> Rosemarie,
>
> You mentioned something about having two successful
> auctions. Can you share with us what you did to have
> such a wonderful experience? I've personally tried
> two so far and advertised in many ways Bills'
> doesn't mention. For example, passing out flyers
> and putting up signs on street corners. In tracking
> the calls very few came from the newspaper and internet
> while most all came from the flyers and signs. Even
> though I had 22 people come to the auction with 11 initial
> biders, the top bid was about one third of the current
> value. So my question to anyone who can help is: what
> can be done to get the bid up to a little closer to market
> value? Nothing in the area has sold for less than four
> times the highest bid we received on this model.
>
>
>
>
>
> From:
> rosemarie-fred <rosemarie-fred at mindspring.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent:
> Tuesday, August 4, 2009 7:01:56 AM
> Subject: Re:
> [5-DayForum] FEAR
>
>
> #yiv206810613 DIV {
> MARGIN:0px;}
>
>
> Leslie -
> There are lots of success
> stories. You haven't been on this forum very long, or
> you would know that Bill does read it and weighs in when he
> thinks it's worth it. Since this forum is about his
> methods, I think we should be a little more polite about it,
> at least!
> I have had two successful
> sales, and am planning another. If you read the archives you
> will find plenty of them.
> There are factors that
> affect how things work that have nothing to do with the
> book, but Bill always says that if you run the sale
> according to his methods you will find out the value of the
> house to the marketplace at that time. The 5-day sale is
> usually ahead of the rest of the market.
> Bill is now working on the
> fourth edition, which may be why we are not hearing from him
> as much as usual. I know we are all interested to know what
> he will change. I know there will be more emphasis on
> internet advertising.
> Let us know if you are
> successful with the realtor.
> Rosemarie
>
> ----- Original Message -----
>
> From: Leslie Michaels
>
> To: How
> To Sell Your Home in 5-Days
> Sent: Monday, August
> 03, 2009 11:39 PM
> Subject: Re:
> [5-DayForum] FEAR
>
>
>
> I would have to say that the book is very out dated
> for this real estate economy. I have yet to hear of any real
> positive feedback in favor of the book and the methods it
> promotes. I think the forum is a great way to find out what
> really works, not what Bill Effros wrote...(maybe he should
> be reading this forum as well!) I followed the
> book with regards to newspaper ads and some signs but it was
> very disappointing. I spent nearly 600.00 in advertising
> with nothing to show. Flyers probably wouldn't work in
> my area since most people around here just throw them away.
> I live in an upper middle class town near Chicago and
> I've tried the flat fee MLS with some showings and no
> offers, Bill's book with no success at all, and now
> I'm going with a full service realtor at the end of
> the month. Homes in my area are selling with full
> service realtors, so I'm going that route and hopefully
> I can sell my house by the end of the year. I
>  personally won't waste any more time or money with
> Bill's plan, but if anyone out there has a good success
> story, I'd love to hear it!!
>
> Leslie
>
>
>
>
> From: Gary
> Noel <gnoel88 at yahoo.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Monday,
> August 3, 2009 10:25:42 PM
> Subject: Re:
> [5-DayForum] FEAR
>
>
>
> Actually I'm not sure when would be the best time
> to have the auction. But I will add this. The
> flyers and signs were by far the biggest draw.
> We'll figure out what works and what doesn't.
> It may be just doing something completely different that the
> book does have in it.
>
>
>
>
>
> From:
> Stephanie Glazar <sglazar at yahoo.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Monday,
> August 3, 2009 6:57:58 PM
> Subject: Re:
> [5-DayForum] FEAR
>
>
>
>
>
>
> Thanks for your story Gary!
> After sending the email, I've had some time to
> think. The truly scary thing would be to be stuck with
> the property for another winter with the 200 dollar monthly
> heating bill and the 600 dollar mortgage and the garbage
> bill, taxes, etc.! I'm here at a Panera's
> reading the book from cover to cover. I had just read
> enough to be interested. My realtor showed my home to
> only 3 people in a year.....actually, it was one until I
> complained and in June 2 more people were shown my
> home. I got out of my contract and the
> home's got to go. I like your idea about
> flyers in the neighborhood. I'm going to do that!
>
>
> I was aiming for the end of August. Do you
> suppose that's a better date than the first week of
> September?
> Stephanie
>
>
>
>
>
>
> Stephanie S.
> Glazar
> 412-443-5670
> (cell)
> sglazar at yahoo.com
>
> --- On Mon, 8/3/09, Gary Noel
> <gnoel88 at yahoo.com> wrote:
>
>
> From: Gary Noel <gnoel88 at yahoo.com>
> Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in 5-Days"
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Monday, August 3, 2009, 6:06 PM
>
>
>
>
>
>
> Hi Stephanie,
>
> We did 2 round robin auctions, one this last week end
> and th other two week ends ago. The first
> one was a townhouse in great condition. Nothing in the
> complex has sold under $150,000. Our highest offer was
> $94,000. The other property needed work but when fixed
> up would be worth in the $300's. I don't even
> want to tell you what the highest offer was.
>
> We passed out 1500 flyers door to door, put an ad in
> the paper, put signs on just about every street corner for
> blocks around the property, had a large orange sign in front
> of the property, rented a wind dancer to draw attention, had
> about 8 other signs in front of the property, had the strip
> of flags streched out. Yah, it was a little
> disappointing. But we will probably try it again on
> another property and try a few things differently to see if
> we can get better results. I believe this method
> should work. I just don't know what the missing
> link is yet.
>
>
> Gary
>
>
>
>
>
> From:
> Stephanie Glazar <sglazar at yahoo.com>
> To:
> 5-dayforum at howtosellyourhomein5days.com
> Sent: Sunday,
> August 2, 2009 11:19:20 PM
> Subject:
> [5-DayForum] FEAR
>
>
>
>
>
>
> 5-day forum,
> I am frightened that we will sell our house for much
> much less than what it is worth because of the market.
> My realtor only showed my home to 3 people in a year.
> I fought to have my contract voided because of that and
> won. Last year, August 2008, I had hopes of selling my
> home for $55,000. According to the book, I should set
> the price at one-half that, at $27,000 and then drop down to
> the magic 500 number, so my ad should read $26,500. I
> am very worried that this would be what my house would sell
> at. I need $23,300.00 to pay off the home equity loan
> attached to the home.
>
> The book I bought was copyrighted, 2007. Does
> this method hold true for this terrible real estate market
> in 2009? I would appreciate any positive comment.
>
> Stephanie
>
>
>
>
>
> Stephanie S.
> Glazar
> 412-443-5670
> (cell)
>
>
> sglazar at yahoo.com
>
>
> -----Inline Attachment Follows-----
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
>
>
>
>
>
>
>
>
>
>
>
> -----Inline Attachment Follows-----
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>




_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 


From sterbert at yahoo.com  Tue Aug  4 16:54:51 2009
From: sterbert at yahoo.com (Steven Herbert)
Date: Tue, 4 Aug 2009 13:54:51 -0700 (PDT)
Subject: [5-DayForum] FEAR
In-Reply-To: <030b01ca153e$b5d6f680$6801a8c0@FAMILYROOM>
Message-ID: <478237.73416.qm@web30207.mail.mud.yahoo.com>


Bill told me that I over-estimated the value of my home and that's why I didn't get the phone ringing off the hook. 

And for your comment:
 "I think it is working.  The discrepancy in the price delivered through the 5-day sale and the price expected by the seller is that  there aren't buyers out there willing to pay what the seller thinks it is worth." 

Comparable houses are getting bought by buyers willing to pay the expected price. The difference is, the BOOK claims I can sell for that price without paying the REALTOR fees (or still come out ahead). 

So again, I chose to do flat-fee MLS to at least compete w/Realtor advertising.

The most honest comment Bill said about the current trend is "If you don't HAVE to sell now ... don't."

Steven Homeowner
Tacoma, WA

--- On Tue, 8/4/09, Bill Barks <barks4444 at comcast.net> wrote:

> From: Bill Barks <barks4444 at comcast.net>
> Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Tuesday, August 4, 2009, 3:04 PM
> I disagree that the process is not
> working.? I think it is working.? The 
> discrepancy in the price delivered through the 5-day sale
> and the price 
> expected by the seller is that? there aren't buyers
> out there willing to pay 
> what the seller thinks it is worth.? therefore the
> seller is wrong in their 
> estimation.? In any market the house is only worth
> what someone is willing 
> to pay for it.? So in fact the process is working
> .? it is identifying what 
> the house is worth in your market at the time the sale is
> run.? Likely the 
> number is what it sold for 10-12 years ago before the
> unjustified run-up in 
> housing prices. -the bubble.
> 
> Some experts say the sub-prime mess is nothing compared to
> the "prime mess 
> we are about to see.
> 
> I am having first hand experience with this - a 1.2 million
> dollar purchase 
> in Nov '06 of 300' of western-facing waterfront - with a
> 2900'sq ft well 
> constructed fully remodeled ranch house and 650' sq ft
> guest house. in a 
> rural area of the Puget? Sound region of Western
> Washington state,. 
> Currently there are 32 homes on the market in my price
> range with only 2 
> sales since March.? ? Other than a 5-day sale,
> which I plan to run next 
> week,? it is very difficult to ascertain the value of
> a property.? I ran 
> some hypothetical "bargain" # s by a realtor in the area
> for 27 years --I 
> asked " what about $ 850,000 ?- would that get buyers
> excited ?- his reply 
> was "join the club, there are homes currently listed at 1/2
> of what they 
> were listed 1 year ago--and no interest.? the buyers
> just aren't there".
> 
> That is the real FEAR issue- buyers a afraid to buy what
> may likely turn out 
> to be a depreciating liability , rather than an
> asset.? And what bank would 
> want to loan in that situation?
> 
> So run the 5-day sale --to the book...and there will be
> your answer as to 
> what your house is worth....and then make your plan
> accordingly --rather 
> than on what you "wish" your home would sell for.
> 
> 
> 
> 
> ----- Original Message ----- 
> From: "Steven Herbert" <sterbert at yahoo.com>
> To: "How To Sell Your Home in 5-Days" 
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Tuesday, August 04, 2009 12:06 PM
> Subject: Re: [5-DayForum] FEAR
> 
> 
> I'm a little irritated. The BOOK claims that you can get
> the best possible 
> price by using Bill's method--that hasn't been the case on
> this forum, for a 
> long while). So SUCCESSES are being defined as any sell for
> any price ("at 
> least you got an offer" kind of success).
> 
> Knowing the best advertising in your area is a complicated
> process. 
> Advertising rules have changed in Tacoma--Seattle area (1
> newspaper just 
> retired itself) and few hits came from Craigslist. No
> system is perfect so I 
> don't believe as religious truth that "3 real buyers" will
> show up if you 
> price the house at 50% ... b/c folks actually believe that
> 50% is a 
> possiblity.
> 
> Just my thoughts and opinions. I'm here on the forum
> listening for info but 
> I listed w/flat-fee MLS just recently.
> 
> Steven
> 
> 
> --- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com>
> wrote:
> 
> > From: Gary Noel <gnoel88 at yahoo.com>
> > Subject: Re: [5-DayForum] FEAR
> > To: "How To Sell Your Home in 5-Days" 
> > <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Date: Tuesday, August 4, 2009, 1:53 PM
> > Hi
> > Rosemarie,
> >
> > You mentioned something about having two successful
> > auctions. Can you share with us what you did to have
> > such a wonderful experience? I've personally tried
> > two so far and advertised in many ways Bills'
> > doesn't mention. For example, passing out flyers
> > and putting up signs on street corners. In tracking
> > the calls very few came from the newspaper and
> internet
> > while most all came from the flyers and signs. Even
> > though I had 22 people come to the auction with 11
> initial
> > biders, the top bid was about one third of the
> current
> > value. So my question to anyone who can help is: what
> > can be done to get the bid up to a little closer to
> market
> > value? Nothing in the area has sold for less than
> four
> > times the highest bid we received on this model.
> >
> >
> >
> >
> >
> > From:
> > rosemarie-fred <rosemarie-fred at mindspring.com>
> > To: How To
> > Sell Your Home in 5-Days
> > <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Sent:
> > Tuesday, August 4, 2009 7:01:56 AM
> > Subject: Re:
> > [5-DayForum] FEAR
> >
> >
> > #yiv206810613 DIV {
> > MARGIN:0px;}
> >
> >
> > Leslie -
> > There are lots of success
> > stories. You haven't been on this forum very long, or
> > you would know that Bill does read it and weighs in
> when he
> > thinks it's worth it. Since this forum is about his
> > methods, I think we should be a little more polite
> about it,
> > at least!
> > I have had two successful
> > sales, and am planning another. If you read the
> archives you
> > will find plenty of them.
> > There are factors that
> > affect how things work that have nothing to do with
> the
> > book, but Bill always says that if you run the sale
> > according to his methods you will find out the value
> of the
> > house to the marketplace at that time. The 5-day sale
> is
> > usually ahead of the rest of the market.
> > Bill is now working on the
> > fourth edition, which may be why we are not hearing
> from him
> > as much as usual. I know we are all interested to know
> what
> > he will change. I know there will be more emphasis on
> > internet advertising.
> > Let us know if you are
> > successful with the realtor.
> > Rosemarie
> >
> > ----- Original Message -----
> >
> > From: Leslie Michaels
> >
> > To: How
> > To Sell Your Home in 5-Days
> > Sent: Monday, August
> > 03, 2009 11:39 PM
> > Subject: Re:
> > [5-DayForum] FEAR
> >
> >
> >
> > I would have to say that the book is very out dated
> > for this real estate economy. I have yet to hear of
> any real
> > positive feedback in favor of the book and the methods
> it
> > promotes. I think the forum is a great way to find out
> what
> > really works, not what Bill Effros wrote...(maybe he
> should
> > be reading this forum as well!) I followed the
> > book with regards to newspaper ads and some signs but
> it was
> > very disappointing. I spent nearly 600.00 in
> advertising
> > with nothing to show. Flyers probably wouldn't work
> in
> > my area since most people around here just throw them
> away.
> > I live in an upper middle class town near Chicago and
> > I've tried the flat fee MLS with some showings and no
> > offers, Bill's book with no success at all, and now
> > I'm going with a full service realtor at the end of
> > the month. Homes in my area are selling with full
> > service realtors, so I'm going that route and
> hopefully
> > I can sell my house by the end of the year. I
> >? personally won't waste any more time or money
> with
> > Bill's plan, but if anyone out there has a good
> success
> > story, I'd love to hear it!!
> >
> > Leslie
> >
> >
> >
> >
> > From: Gary
> > Noel <gnoel88 at yahoo.com>
> > To: How To
> > Sell Your Home in 5-Days
> > <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Sent: Monday,
> > August 3, 2009 10:25:42 PM
> > Subject: Re:
> > [5-DayForum] FEAR
> >
> >
> >
> > Actually I'm not sure when would be the best time
> > to have the auction. But I will add this. The
> > flyers and signs were by far the biggest draw.
> > We'll figure out what works and what doesn't.
> > It may be just doing something completely different
> that the
> > book does have in it.
> >
> >
> >
> >
> >
> > From:
> > Stephanie Glazar <sglazar at yahoo.com>
> > To: How To
> > Sell Your Home in 5-Days
> > <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Sent: Monday,
> > August 3, 2009 6:57:58 PM
> > Subject: Re:
> > [5-DayForum] FEAR
> >
> >
> >
> >
> >
> >
> > Thanks for your story Gary!
> > After sending the email, I've had some time to
> > think. The truly scary thing would be to be stuck
> with
> > the property for another winter with the 200 dollar
> monthly
> > heating bill and the 600 dollar mortgage and the
> garbage
> > bill, taxes, etc.! I'm here at a Panera's
> > reading the book from cover to cover. I had just read
> > enough to be interested. My realtor showed my home to
> > only 3 people in a year.....actually, it was one until
> I
> > complained and in June 2 more people were shown my
> > home. I got out of my contract and the
> > home's got to go. I like your idea about
> > flyers in the neighborhood. I'm going to do that!
> >
> >
> > I was aiming for the end of August. Do you
> > suppose that's a better date than the first week of
> > September?
> > Stephanie
> >
> >
> >
> >
> >
> >
> > Stephanie S.
> > Glazar
> > 412-443-5670
> > (cell)
> > sglazar at yahoo.com
> >
> > --- On Mon, 8/3/09, Gary Noel
> > <gnoel88 at yahoo.com>
> wrote:
> >
> >
> > From: Gary Noel <gnoel88 at yahoo.com>
> > Subject: Re: [5-DayForum] FEAR
> > To: "How To Sell Your Home in 5-Days"
> > <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Date: Monday, August 3, 2009, 6:06 PM
> >
> >
> >
> >
> >
> >
> > Hi Stephanie,
> >
> > We did 2 round robin auctions, one this last week end
> > and th other two week ends ago. The first
> > one was a townhouse in great condition. Nothing in
> the
> > complex has sold under $150,000. Our highest offer
> was
> > $94,000. The other property needed work but when
> fixed
> > up would be worth in the $300's. I don't even
> > want to tell you what the highest offer was.
> >
> > We passed out 1500 flyers door to door, put an ad in
> > the paper, put signs on just about every street corner
> for
> > blocks around the property, had a large orange sign in
> front
> > of the property, rented a wind dancer to draw
> attention, had
> > about 8 other signs in front of the property, had the
> strip
> > of flags streched out. Yah, it was a little
> > disappointing. But we will probably try it again on
> > another property and try a few things differently to
> see if
> > we can get better results. I believe this method
> > should work. I just don't know what the missing
> > link is yet.
> >
> >
> > Gary
> >
> >
> >
> >
> >
> > From:
> > Stephanie Glazar <sglazar at yahoo.com>
> > To:
> > 5-dayforum at howtosellyourhomein5days.com
> > Sent: Sunday,
> > August 2, 2009 11:19:20 PM
> > Subject:
> > [5-DayForum] FEAR
> >
> >
> >
> >
> >
> >
> > 5-day forum,
> > I am frightened that we will sell our house for much
> > much less than what it is worth because of the
> market.
> > My realtor only showed my home to 3 people in a year.
> > I fought to have my contract voided because of that
> and
> > won. Last year, August 2008, I had hopes of selling
> my
> > home for $55,000. According to the book, I should set
> > the price at one-half that, at $27,000 and then drop
> down to
> > the magic 500 number, so my ad should read $26,500. I
> > am very worried that this would be what my house would
> sell
> > at. I need $23,300.00 to pay off the home equity loan
> > attached to the home.
> >
> > The book I bought was copyrighted, 2007. Does
> > this method hold true for this terrible real estate
> market
> > in 2009? I would appreciate any positive comment.
> >
> > Stephanie
> >
> >
> >
> >
> >
> > Stephanie S.
> > Glazar
> > 412-443-5670
> > (cell)
> >
> >
> > sglazar at yahoo.com
> >
> >
> > -----Inline Attachment Follows-----
> >
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > -----Inline Attachment Follows-----
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> >
> 
> 
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 


      


From artchr61 at yahoo.com  Tue Aug  4 17:09:56 2009
From: artchr61 at yahoo.com (Leslie Michaels)
Date: Tue, 4 Aug 2009 14:09:56 -0700 (PDT)
Subject: [5-DayForum] FEAR
In-Reply-To: <030b01ca153e$b5d6f680$6801a8c0@FAMILYROOM>
References: <954750.90828.qm@web30201.mail.mud.yahoo.com>
	<030b01ca153e$b5d6f680$6801a8c0@FAMILYROOM>
Message-ID: <727907.28464.qm@web80608.mail.mud.yahoo.com>

How can you say that this method is working?? I know homes are selling in my area, I did a lot of research for my neighborhoods, went to the realtor websites and looked at recent sales,?and went to open houses, etc...? People are buying homes around here?but they are all being sold by full service realtors. True, the market isn't what it used to be, and my home could have gotten more 2-3 years ago, but I've taken all that into consideration. I know that even though the sale didn't work for me (and I followed the book) that my home isn't worth $0.00!!!? How far back do you need to go in the forum to find a GOOD success story? 
Good luck to anyone who tries this method. Century 21 here I come!! I'll let you know what I get for my house!

Leslie
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From artchr61 at yahoo.com  Tue Aug  4 17:16:39 2009
From: artchr61 at yahoo.com (Leslie Michaels)
Date: Tue, 4 Aug 2009 14:16:39 -0700 (PDT)
Subject: [5-DayForum] FEAR
In-Reply-To: <478237.73416.qm@web30207.mail.mud.yahoo.com>
References: <478237.73416.qm@web30207.mail.mud.yahoo.com>
Message-ID: <677237.16833.qm@web80601.mail.mud.yahoo.com>

Steve
I did the flat fee MLS but it's?not working for me. I got calls from realtors from nearby towns to show my house, but nothing from my local realtors.? Even though the house was on the MLS (realtor.com, zillow, trulia, etc..)?many people shy away from a no-name realtor's office (at least in my area)?
Good luck

Leslie


________________________________
From: Steven Herbert <sterbert at yahoo.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Tuesday, August 4, 2009 3:54:51 PM
Subject: Re: [5-DayForum] FEAR


Bill told me that I over-estimated the value of my home and that's why I didn't get the phone ringing off the hook. 

And for your comment:
"I think it is working.? The discrepancy in the price delivered through the 5-day sale and the price expected by the seller is that? there aren't buyers out there willing to pay what the seller thinks it is worth." 

Comparable houses are getting bought by buyers willing to pay the expected price. The difference is, the BOOK claims I can sell for that price without paying the REALTOR fees (or still come out ahead). 

So again, I chose to do flat-fee MLS to at least compete w/Realtor advertising.

The most honest comment Bill said about the current trend is "If you don't HAVE to sell now ... don't."

Steven Homeowner
Tacoma, WA

--- On Tue, 8/4/09, Bill Barks <barks4444 at comcast.net> wrote:

> From: Bill Barks <barks4444 at comcast.net>
> Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Tuesday, August 4, 2009, 3:04 PM
> I disagree that the process is not
> working.? I think it is working.? The 
> discrepancy in the price delivered through the 5-day sale
> and the price 
> expected by the seller is that? there aren't buyers
> out there willing to pay 
> what the seller thinks it is worth.? therefore the
> seller is wrong in their 
> estimation.? In any market the house is only worth
> what someone is willing 
> to pay for it.? So in fact the process is working
> .? it is identifying what 
> the house is worth in your market at the time the sale is
> run.? Likely the 
> number is what it sold for 10-12 years ago before the
> unjustified run-up in 
> housing prices. -the bubble.
> 
> Some experts say the sub-prime mess is nothing compared to
> the "prime mess 
> we are about to see.
> 
> I am having first hand experience with this - a 1.2 million
> dollar purchase 
> in Nov '06 of 300' of western-facing waterfront - with a
> 2900'sq ft well 
> constructed fully remodeled ranch house and 650' sq ft
> guest house. in a 
> rural area of the Puget? Sound region of Western
> Washington state,. 
> Currently there are 32 homes on the market in my price
> range with only 2 
> sales since March.? ? Other than a 5-day sale,
> which I plan to run next 
> week,? it is very difficult to ascertain the value of
> a property.? I ran 
> some hypothetical "bargain" # s by a realtor in the area
> for 27 years --I 
> asked " what about $ 850,000 ?- would that get buyers
> excited ?- his reply 
> was "join the club, there are homes currently listed at 1/2
> of what they 
> were listed 1 year ago--and no interest.? the buyers
> just aren't there".
> 
> That is the real FEAR issue- buyers a afraid to buy what
> may likely turn out 
> to be a depreciating liability , rather than an
> asset.? And what bank would 
> want to loan in that situation?
> 
> So run the 5-day sale --to the book...and there will be
> your answer as to 
> what your house is worth....and then make your plan
> accordingly --rather 
> than on what you "wish" your home would sell for.
> 
> 
> 
> 
> ----- Original Message ----- 
> From: "Steven Herbert" <sterbert at yahoo.com>
> To: "How To Sell Your Home in 5-Days" 
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Tuesday, August 04, 2009 12:06 PM
> Subject: Re: [5-DayForum] FEAR
> 
> 
> I'm a little irritated. The BOOK claims that you can get
> the best possible 
> price by using Bill's method--that hasn't been the case on
> this forum, for a 
> long while). So SUCCESSES are being defined as any sell for
> any price ("at 
> least you got an offer" kind of success).
> 
> Knowing the best advertising in your area is a complicated
> process. 
> Advertising rules have changed in Tacoma--Seattle area (1
> newspaper just 
> retired itself) and few hits came from Craigslist. No
> system is perfect so I 
> don't believe as religious truth that "3 real buyers" will
> show up if you 
> price the house at 50% ... b/c folks actually believe that
> 50% is a 
> possiblity.
> 
> Just my thoughts and opinions. I'm here on the forum
> listening for info but 
> I listed w/flat-fee MLS just recently.
> 
> Steven
> 
> 
> --- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com>
> wrote:
> 
> > From: Gary Noel <gnoel88 at yahoo.com>
> > Subject: Re: [5-DayForum] FEAR
> > To: "How To Sell Your Home in 5-Days" 
> > <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Date: Tuesday, August 4, 2009, 1:53 PM
> > Hi
> > Rosemarie,
> >
> > You mentioned something about having two successful
> > auctions. Can you share with us what you did to have
> > such a wonderful experience? I've personally tried
> > two so far and advertised in many ways Bills'
> > doesn't mention. For example, passing out flyers
> > and putting up signs on street corners. In tracking
> > the calls very few came from the newspaper and
> internet
> > while most all came from the flyers and signs. Even
> > though I had 22 people come to the auction with 11
> initial
> > biders, the top bid was about one third of the
> current
> > value. So my question to anyone who can help is: what
> > can be done to get the bid up to a little closer to
> market
> > value? Nothing in the area has sold for less than
> four
> > times the highest bid we received on this model.
> >
> >
> >
> >
> >
> > From:
> > rosemarie-fred <rosemarie-fred at mindspring.com>
> > To: How To
> > Sell Your Home in 5-Days
> > <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Sent:
> > Tuesday, August 4, 2009 7:01:56 AM
> > Subject: Re:
> > [5-DayForum] FEAR
> >
> >
> > #yiv206810613 DIV {
> > MARGIN:0px;}
> >
> >
> > Leslie -
> > There are lots of success
> > stories. You haven't been on this forum very long, or
> > you would know that Bill does read it and weighs in
> when he
> > thinks it's worth it. Since this forum is about his
> > methods, I think we should be a little more polite
> about it,
> > at least!
> > I have had two successful
> > sales, and am planning another. If you read the
> archives you
> > will find plenty of them.
> > There are factors that
> > affect how things work that have nothing to do with
> the
> > book, but Bill always says that if you run the sale
> > according to his methods you will find out the value
> of the
> > house to the marketplace at that time. The 5-day sale
> is
> > usually ahead of the rest of the market.
> > Bill is now working on the
> > fourth edition, which may be why we are not hearing
> from him
> > as much as usual. I know we are all interested to know
> what
> > he will change. I know there will be more emphasis on
> > internet advertising.
> > Let us know if you are
> > successful with the realtor.
> > Rosemarie
> >
> > ----- Original Message -----
> >
> > From: Leslie Michaels
> >
> > To: How
> > To Sell Your Home in 5-Days
> > Sent: Monday, August
> > 03, 2009 11:39 PM
> > Subject: Re:
> > [5-DayForum] FEAR
> >
> >
> >
> > I would have to say that the book is very out dated
> > for this real estate economy. I have yet to hear of
> any real
> > positive feedback in favor of the book and the methods
> it
> > promotes. I think the forum is a great way to find out
> what
> > really works, not what Bill Effros wrote...(maybe he
> should
> > be reading this forum as well!) I followed the
> > book with regards to newspaper ads and some signs but
> it was
> > very disappointing. I spent nearly 600.00 in
> advertising
> > with nothing to show. Flyers probably wouldn't work
> in
> > my area since most people around here just throw them
> away.
> > I live in an upper middle class town near Chicago and
> > I've tried the flat fee MLS with some showings and no
> > offers, Bill's book with no success at all, and now
> > I'm going with a full service realtor at the end of
> > the month. Homes in my area are selling with full
> > service realtors, so I'm going that route and
> hopefully
> > I can sell my house by the end of the year. I
> >? personally won't waste any more time or money
> with
> > Bill's plan, but if anyone out there has a good
> success
> > story, I'd love to hear it!!
> >
> > Leslie
> >
> >
> >
> >
> > From: Gary
> > Noel <gnoel88 at yahoo.com>
> > To: How To
> > Sell Your Home in 5-Days
> > <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Sent: Monday,
> > August 3, 2009 10:25:42 PM
> > Subject: Re:
> > [5-DayForum] FEAR
> >
> >
> >
> > Actually I'm not sure when would be the best time
> > to have the auction. But I will add this. The
> > flyers and signs were by far the biggest draw.
> > We'll figure out what works and what doesn't.
> > It may be just doing something completely different
> that the
> > book does have in it.
> >
> >
> >
> >
> >
> > From:
> > Stephanie Glazar <sglazar at yahoo.com>
> > To: How To
> > Sell Your Home in 5-Days
> > <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Sent: Monday,
> > August 3, 2009 6:57:58 PM
> > Subject: Re:
> > [5-DayForum] FEAR
> >
> >
> >
> >
> >
> >
> > Thanks for your story Gary!
> > After sending the email, I've had some time to
> > think. The truly scary thing would be to be stuck
> with
> > the property for another winter with the 200 dollar
> monthly
> > heating bill and the 600 dollar mortgage and the
> garbage
> > bill, taxes, etc.! I'm here at a Panera's
> > reading the book from cover to cover. I had just read
> > enough to be interested. My realtor showed my home to
> > only 3 people in a year.....actually, it was one until
> I
> > complained and in June 2 more people were shown my
> > home. I got out of my contract and the
> > home's got to go. I like your idea about
> > flyers in the neighborhood. I'm going to do that!
> >
> >
> > I was aiming for the end of August. Do you
> > suppose that's a better date than the first week of
> > September?
> > Stephanie
> >
> >
> >
> >
> >
> >
> > Stephanie S.
> > Glazar
> > 412-443-5670
> > (cell)
> > sglazar at yahoo.com
> >
> > --- On Mon, 8/3/09, Gary Noel
> > <gnoel88 at yahoo.com>
> wrote:
> >
> >
> > From: Gary Noel <gnoel88 at yahoo.com>
> > Subject: Re: [5-DayForum] FEAR
> > To: "How To Sell Your Home in 5-Days"
> > <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Date: Monday, August 3, 2009, 6:06 PM
> >
> >
> >
> >
> >
> >
> > Hi Stephanie,
> >
> > We did 2 round robin auctions, one this last week end
> > and th other two week ends ago. The first
> > one was a townhouse in great condition. Nothing in
> the
> > complex has sold under $150,000. Our highest offer
> was
> > $94,000. The other property needed work but when
> fixed
> > up would be worth in the $300's. I don't even
> > want to tell you what the highest offer was.
> >
> > We passed out 1500 flyers door to door, put an ad in
> > the paper, put signs on just about every street corner
> for
> > blocks around the property, had a large orange sign in
> front
> > of the property, rented a wind dancer to draw
> attention, had
> > about 8 other signs in front of the property, had the
> strip
> > of flags streched out. Yah, it was a little
> > disappointing. But we will probably try it again on
> > another property and try a few things differently to
> see if
> > we can get better results. I believe this method
> > should work. I just don't know what the missing
> > link is yet.
> >
> >
> > Gary
> >
> >
> >
> >
> >
> > From:
> > Stephanie Glazar <sglazar at yahoo.com>
> > To:
> > 5-dayforum at howtosellyourhomein5days.com
> > Sent: Sunday,
> > August 2, 2009 11:19:20 PM
> > Subject:
> > [5-DayForum] FEAR
> >
> >
> >
> >
> >
> >
> > 5-day forum,
> > I am frightened that we will sell our house for much
> > much less than what it is worth because of the
> market.
> > My realtor only showed my home to 3 people in a year.
> > I fought to have my contract voided because of that
> and
> > won. Last year, August 2008, I had hopes of selling
> my
> > home for $55,000. According to the book, I should set
> > the price at one-half that, at $27,000 and then drop
> down to
> > the magic 500 number, so my ad should read $26,500. I
> > am very worried that this would be what my house would
> sell
> > at. I need $23,300.00 to pay off the home equity loan
> > attached to the home.
> >
> > The book I bought was copyrighted, 2007. Does
> > this method hold true for this terrible real estate
> market
> > in 2009? I would appreciate any positive comment.
> >
> > Stephanie
> >
> >
> >
> >
> >
> > Stephanie S.
> > Glazar
> > 412-443-5670
> > (cell)
> >
> >
> > sglazar at yahoo.com
> >
> >
> > -----Inline Attachment Follows-----
> >
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > -----Inline Attachment Follows-----
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> >
> 
> 
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 


? ? ? 

_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
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From tomwilson64 at yahoo.com  Tue Aug  4 17:22:03 2009
From: tomwilson64 at yahoo.com (Tom Wilson)
Date: Tue, 4 Aug 2009 16:22:03 -0500
Subject: [5-DayForum] FEAR
In-Reply-To: <c82.4c0d3ebd.37a9ed02@aol.com>
References: <c82.4c0d3ebd.37a9ed02@aol.com>
Message-ID: <028d01ca1549$9d239070$d76ab150$@com>

It's so funny to watch attempts at improving the method.  I know it may not
be perfect, but I think it works best just as its laid out.  J

 

From:
5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.co
m
[mailto:5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein
5days.com] On Behalf Of Janetislight at aol.com
Sent: Tuesday, August 04, 2009 2:59 PM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] FEAR

 

I'm not convinced 1/2 price is the magic number either.  I would rather
fewer people come and advertise say, 20% below market.  Then you are more
likely to get people who are not only really interested in your home at a
fair value, but also "qualify" for the purchase.

 

Janet

 

In a message dated 8/4/2009 2:40:52 P.M. Central Daylight Time,
sterbert at yahoo.com writes:

I'm a little irritated. The BOOK claims that you can get the best possible
price by using Bill's method--that hasn't been the case on this forum, for a
long while). So SUCCESSES are being defined as any sell for any price ("at
least you got an offer" kind of success).

Knowing the best advertising in your area is a complicated process.
Advertising rules have changed in Tacoma--Seattle area (1 newspaper just
retired itself) and few hits came from Craigslist. No system is perfect so I
don't believe as religious truth that "3 real buyers" will show up if you
price the house at 50% ... b/c folks actually believe that 50% is a
possiblity.

Just my thoughts and opinions. I'm here on the forum listening for info but
I listed w/flat-fee MLS just recently.

Steven


--- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com> wrote:

> From: Gary Noel <gnoel88 at yahoo.com>
> Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in 5-Days"
<5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Tuesday, August 4, 2009, 1:53 PM
> Hi
> Rosemarie,
>  
> You mentioned something about having two successful
> auctions.  Can you share with us what you did to have
> such a wonderful experience?  I've personally tried
> two so far and advertised in many ways Bills'
> doesn't mention.  For example, passing out flyers
> and putting up signs on street corners.  In tracking
> the calls very few came from the newspaper and internet
> while most all came from the flyers and signs.  Even
> though I had 22 people come to the auction with 11 initial
> biders, the top bid was about one third of the current
> value.  So my question to anyone who can help is: what
> can be done to get the bid up to a little closer to market
> value?  Nothing in the area has sold for less than four
> times the highest bid we received on this model.
> 
> 
> 
> 
> 
> From:
> rosemarie-fred <rosemarie-fred at mindspring.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent:
> Tuesday, August 4, 2009 7:01:56 AM
> Subject: Re:
> [5-DayForum] FEAR
> 
> 
> #yiv206810613 DIV {
> MARGIN:0px;}
> 
> 
> Leslie -
> There are lots of success
> stories. You haven't been on this forum very long, or
> you would know that Bill does read it and weighs in when he
> thinks it's worth it. Since this forum is about his
> methods, I think we should be a little more polite about it,
> at least!
> I have had two successful
> sales, and am planning another. If you read the archives you
> will find plenty of them. 
> There are factors that
> affect how things work that have nothing to do with the
> book, but Bill always says that if you run the sale
> according to his methods you will find out the value of the
> house to the marketplace at that time. The 5-day sale is
> usually ahead of the rest of the market.
> Bill is now working on the
> fourth edition, which may be why we are not hearing from him
> as much as usual. I know we are all interested to know what
> he will change. I know there will be more emphasis on
> internet advertising.
> Let us know if you are
> successful with the realtor.
> Rosemarie 
> 
> ----- Original Message -----
> 
> From: Leslie Michaels
> 
> To: How
> To Sell Your Home in 5-Days 
> Sent: Monday, August
> 03, 2009 11:39 PM
> Subject: Re:
> [5-DayForum] FEAR
> 
> 
> 
> I would have to say that the book is very out dated
> for this real estate economy. I have yet to hear of any real
> positive feedback in favor of the book and the methods it
> promotes. I think the forum is a great way to find out what
> really works, not what Bill Effros wrote...(maybe he should
> be reading this forum as well!) I followed the
> book with regards to newspaper ads and some signs but it was
> very disappointing. I spent nearly 600.00 in advertising
> with nothing to show. Flyers probably wouldn't work in
> my area since most people around here just throw them away.
> I live in an upper middle class town near Chicago and
> I've tried the flat fee MLS with some showings and no
> offers, Bill's book with no success at all, and now
> I'm going with a full service realtor at the end of
> the month.  Homes in my area are selling with full
> service realtors, so I'm going that route and hopefully
> I can sell my house by the end of the year.  I
>  personally won't waste any more time or money with
> Bill's plan, but if anyone out there has a good success
> story, I'd love to hear it!!
>  
> Leslie
> 
> 
> 
> 
> From: Gary
> Noel <gnoel88 at yahoo.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Monday,
> August 3, 2009 10:25:42 PM
> Subject: Re:
> [5-DayForum] FEAR
> 
> 
> 
> Actually I'm not sure when would be the best time
> to have the auction.  But I will add this.  The
> flyers and signs were by far the biggest draw. 
> We'll figure out what works and what doesn't. 
> It may be just doing something completely different that the
> book does have in it.
> 
> 
> 
> 
> 
> From:
> Stephanie Glazar <sglazar at yahoo.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Monday,
> August 3, 2009 6:57:58 PM
> Subject: Re:
> [5-DayForum] FEAR
> 
> 
> 
> 
> 
> 
> Thanks for your story Gary!
> After sending the email, I've had some time to
> think.  The truly scary thing would be to be stuck with
> the property for another winter with the 200 dollar monthly
> heating bill and the 600 dollar mortgage and the garbage
> bill, taxes, etc.!  I'm here at a Panera's
> reading the book from cover to cover.  I had just read
> enough to be interested.  My realtor showed my home to
> only 3 people in a year.....actually, it was one until I
> complained and in June 2 more people were shown my
> home.  I got out of my contract and the
> home's got to go.  I like your idea about
> flyers in the neighborhood.  I'm going to do that!
> 
>  
> I was aiming for the end of August.  Do you
> suppose that's a better date than the first week of
> September?
> Stephanie
> 
> 
> 
> 
> 
> 
> Stephanie S.
> Glazar 
> 412-443-5670
> (cell)
> sglazar at yahoo.com
> 
> --- On Mon, 8/3/09, Gary Noel
> <gnoel88 at yahoo.com> wrote:
> 
> 
> From: Gary Noel <gnoel88 at yahoo.com>
> Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in 5-Days"
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Monday, August 3, 2009, 6:06 PM
> 
> 
> 
> 
> 
> 
> Hi Stephanie,
>  
> We did 2 round robin auctions, one this last week end
> and th other two week ends ago.  The first
> one was a townhouse in great condition.  Nothing in the
> complex has sold under $150,000.  Our highest offer was
> $94,000.  The other property needed work but when fixed
> up would be worth in the $300's.  I don't even
> want to tell you what the highest offer was.
>  
> We passed out 1500 flyers door to door, put an ad in
> the paper, put signs on just about every street corner for
> blocks around the property, had a large orange sign in front
> of the property, rented a wind dancer to draw attention, had
> about 8 other signs in front of the property, had the strip
> of flags streched out. Yah, it was a little
> disappointing.  But we will probably try it again on
> another property and try a few things differently to see if
> we can get better results.  I believe this method
> should work.  I just don't know what the missing
> link is yet.
>  
>  
> Gary
> 
> 
> 
> 
> 
> From:
> Stephanie Glazar <sglazar at yahoo.com>
> To:
> 5-dayforum at howtosellyourhomein5days.com
> Sent: Sunday,
> August 2, 2009 11:19:20 PM
> Subject:
> [5-DayForum] FEAR
> 
> 
> 
> 
> 
> 
> 5-day forum,
> I am frightened that we will sell our house for much
> much less than what it is worth because of the market. 
> My realtor only showed my home to 3 people in a year. 
> I fought to have my contract voided because of that and
> won.  Last year, August 2008, I had hopes of selling my
> home for $55,000.  According to the book, I should set
> the price at one-half that, at $27,000 and then drop down to
> the magic 500 number, so my ad should read $26,500.  I
> am very worried that this would be what my house would sell
> at.  I need $23,300.00 to pay off the home equity loan
> attached to the home.  
>  
> The book I bought was copyrighted, 2007.  Does
> this method hold true for this terrible real estate market
> in 2009? I would appreciate any positive comment.
> 
> Stephanie
>  
> 
> 
> 
> 
> Stephanie S.
> Glazar 
> 412-443-5670
> (cell)
> 
> 
> sglazar at yahoo.com
> 
> 
> -----Inline Attachment Follows-----
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
>
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
>
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
>       
> -----Inline Attachment Follows-----
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
>
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 


      

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From jcrafor at hotmail.com  Tue Aug  4 17:32:15 2009
From: jcrafor at hotmail.com (j crafor)
Date: Tue, 4 Aug 2009 21:32:15 +0000
Subject: [5-DayForum] FEAR
In-Reply-To: <677237.16833.qm@web80601.mail.mud.yahoo.com>
References: <478237.73416.qm@web30207.mail.mud.yahoo.com>
	<677237.16833.qm@web80601.mail.mud.yahoo.com>
Message-ID: <SNT116-W35F2F90C52DDEF83699B2AE0C0@phx.gbl>


I advertised both a 5 DAY and a standard open house, and got more calls re the open house, so cancelled the 5Day sale. Had the open house, and no one showed up! 

But I have shown it a few times, and agents have shown it. I'm still hopeful. 

I left the inspection book there, and the hoa book, and the "house" book. 

 

I included in my flat fee, not only the 3% commission, but a $1000 bonus to the agent who brings a client I close with. 

 

JCrafor


 


Date: Tue, 4 Aug 2009 14:16:39 -0700
From: artchr61 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] FEAR





Steve
I did the flat fee MLS but it's not working for me. I got calls from realtors from nearby towns to show my house, but nothing from my local realtors.  Even though the house was on the MLS (realtor.com, zillow, trulia, etc..) many people shy away from a no-name realtor's office (at least in my area) 
Good luck
 
Leslie




From: Steven Herbert <sterbert at yahoo.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Tuesday, August 4, 2009 3:54:51 PM
Subject: Re: [5-DayForum] FEAR


Bill told me that I over-estimated the value of my home and that's why I didn't get the phone ringing off the hook. 

And for your comment:
"I think it is working.  The discrepancy in the price delivered through the 5-day sale and the price expected by the seller is that  there aren't buyers out there willing to pay what the seller thinks it is worth." 

Comparable houses are getting bought by buyers willing to pay the expected price. The difference is, the BOOK claims I can sell for that price without paying the REALTOR fees (or still come out ahead). 

So again, I chose to do flat-fee MLS to at least compete w/Realtor advertising.

The most honest comment Bill said about the current trend is "If you don't HAVE to sell now ... don't."

Steven Homeowner
Tacoma, WA

--- On Tue, 8/4/09, Bill Barks <barks4444 at comcast.net> wrote:

> From: Bill Barks <barks4444 at comcast.net>
> Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Tuesday, August 4, 2009, 3:04 PM
> I disagree that the process is not
> working.  I think it is working.  The 
> discrepancy in the price delivered through the 5-day sale
> and the price 
> expected by the seller is that  there aren't buyers
> out there willing to pay 
> what the seller thinks it is worth.  therefore the
> seller is wrong in their 
> estimation.  In any market the house is only worth
> what someone is willing 
> to pay for it.  So in fact the process is working
> .  it is identifying what 
> the house is worth in your market at the time the sale is
> run.  Likely the 
> number is what it sold for 10-12 years ago before the
> unjustified run-up in 
> housing prices. -the bubble.
> 
> Some experts say the sub-prime mess is nothing compared to
> the "prime mess 
> we are about to see.
> 
> I am having first hand experience with this - a 1.2 million
> dollar purchase 
> in Nov '06 of 300' of western-facing waterfront - with a
> 2900'sq ft well 
> constructed fully remodeled ranch house and 650' sq ft
> guest house. in a 
> rural area of the Puget  Sound region of Western
> Washington state,. 
> Currently there are 32 homes on the market in my price
> range with only 2 
> sales since March.    Other than a 5-day sale,
> which I plan to run next 
> week,  it is very difficult to ascertain the value of
> a property.  I ran 
> some hypothetical "bargain" # s by a realtor in the area
> for 27 years --I 
> asked " what about $ 850,000 ?- would that get buyers
> excited ?- his reply 
> was "join the club, there are homes currently listed at 1/2
> of what they 
> were listed 1 year ago--and no interest.  the buyers
> just aren't there".
> 
> That is the real FEAR issue- buyers a afraid to buy what
> may likely turn out 
> to be a depreciating liability , rather than an
> asset.  And what bank would 
> want to loan in that situation?
> 
> So run the 5-day sale --to the book...and there will be
> your answer as to 
> what your house is worth....and then make your plan
> accordingly --rather 
> than on what you "wish" your home would sell for.
> 
> 
> 
> 
> ----- Original Message ----- 
> From: "Steven Herbert" <sterbert at yahoo.com>
> To: "How To Sell Your Home in 5-Days" 
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Tuesday, August 04, 2009 12:06 PM
> Subject: Re: [5-DayForum] FEAR
> 
> 
> I'm a little irritated. The BOOK claims that you can get
> the best possible 
> price by using Bill's method--that hasn't been the case on
> this forum, for a 
> long while). So SUCCESSES are being defined as any sell for
> any price ("at 
> least you got an offer" kind of success).
> 
> Knowing the best advertising in your area is a complicated
> process. 
> Advertising rules have changed in Tacoma--Seattle area (1
> newspaper just 
> retired itself) and few hits came from Craigslist. No
> system is perfect so I 
> don't believe as religious truth that "3 real buyers" will
> show up if you 
> price the house at 50% ... b/c folks actually believe that
> 50% is a 
> possiblity.
> 
> Just my thoughts and opinions. I'm here on the forum
> listening for info but 
> I listed w/flat-fee MLS just recently.
> 
> Steven
> 
> 
> --- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com>
> wrote:
> 
> > From: Gary Noel <gnoel88 at yahoo.com>
> > Subject: Re: [5-DayForum] FEAR
> > To: "How To Sell Your Home in 5-Days" 
> > <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Date: Tuesday, August 4, 2009, 1:53 PM
> > Hi
> > Rosemarie,
> >
> > You mentioned something about having two successful
> > auctions. Can you share with us what you did to have
> > such a wonderful experience? I've personally tried
> > two so far and advertised in many ways Bills'
> > doesn't mention. For example, passing out flyers
> > and putting up signs on street corners. In tracking
> > the calls very few came from the newspaper and
> internet
> > while most all came from the flyers and signs. Even
> > though I had 22 people come to the auction with 11
> initial
> > biders, the top bid was about one third of the
> current
> > value. So my question to anyone who can help is: what
> > can be done to get the bid up to a little closer to
> market
> > value? Nothing in the area has sold for less than
> four
> > times the highest bid we received on this model.
> >
> >
> >
> >
> >
> > From:
> > rosemarie-fred <rosemarie-fred at mindspring.com>
> > To: How To
> > Sell Your Home in 5-Days
> > <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Sent:
> > Tuesday, August 4, 2009 7:01:56 AM
> > Subject: Re:
> > [5-DayForum] FEAR
> >
> >
> > #yiv206810613 DIV {
> > MARGIN:0px;}
> >
> >
> > Leslie -
> > There are lots of success
> > stories. You haven't been on this forum very long, or
> > you would know that Bill does read it and weighs in
> when he
> > thinks it's worth it. Since this forum is about his
> > methods, I think we should be a little more polite
> about it,
> > at least!
> > I have had two successful
> > sales, and am planning another. If you read the
> archives you
> > will find plenty of them.
> > There are factors that
> > affect how things work that have nothing to do with
> the
> > book, but Bill always says that if you run the sale
> > according to his methods you will find out the value
> of the
> > house to the marketplace at that time. The 5-day sale
> is
> > usually ahead of the rest of the market.
> > Bill is now working on the
> > fourth edition, which may be why we are not hearing
> from him
> > as much as usual. I know we are all interested to know
> what
> > he will change. I know there will be more emphasis on
> > internet advertising.
> > Let us know if you are
> > successful with the realtor.
> > Rosemarie
> >
> > ----- Original Message -----
> >
> > From: Leslie Michaels
> >
> > To: How
> > To Sell Your Home in 5-Days
> > Sent: Monday, August
> > 03, 2009 11:39 PM
> > Subject: Re:
> > [5-DayForum] FEAR
> >
> >
> >
> > I would have to say that the book is very out dated
> > for this real estate economy. I have yet to hear of
> any real
> > positive feedback in favor of the book and the methods
> it
> > promotes. I think the forum is a great way to find out
> what
> > really works, not what Bill Effros wrote...(maybe he
> should
> > be reading this forum as well!) I followed the
> > book with regards to newspaper ads and some signs but
> it was
> > very disappointing. I spent nearly 600.00 in
> advertising
> > with nothing to show. Flyers probably wouldn't work
> in
> > my area since most people around here just throw them
> away.
> > I live in an upper middle class town near Chicago and
> > I've tried the flat fee MLS with some showings and no
> > offers, Bill's book with no success at all, and now
> > I'm going with a full service realtor at the end of
> > the month. Homes in my area are selling with full
> > service realtors, so I'm going that route and
> hopefully
> > I can sell my house by the end of the year. I
> >  personally won't waste any more time or money
> with
> > Bill's plan, but if anyone out there has a good
> success
> > story, I'd love to hear it!!
> >
> > Leslie
> >
> >
> >
> >
> > From: Gary
> > Noel <gnoel88 at yahoo.com>
> > To: How To
> > Sell Your Home in 5-Days
> > <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Sent: Monday,
> > August 3, 2009 10:25:42 PM
> > Subject: Re:
> > [5-DayForum] FEAR
> >
> >
> >
> > Actually I'm not sure when would be the best time
> > to have the auction. But I will add this. The
> > flyers and signs were by far the biggest draw.
> > We'll figure out what works and what doesn't.
> > It may be just doing something completely different
> that the
> > book does have in it.
> >
> >
> >
> >
> >
> > From:
> > Stephanie Glazar <sglazar at yahoo.com>
> > To: How To
> > Sell Your Home in 5-Days
> > <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Sent: Monday,
> > August 3, 2009 6:57:58 PM
> > Subject: Re:
> > [5-DayForum] FEAR
> >
> >
> >
> >
> >
> >
> > Thanks for your story Gary!
> > After sending the email, I've had some time to
> > think. The truly scary thing would be to be stuck
> with
> > the property for another winter with the 200 dollar
> monthly
> > heating bill and the 600 dollar mortgage and the
> garbage
> > bill, taxes, etc.! I'm here at a Panera's
> > reading the book from cover to cover. I had just read
> > enough to be interested. My realtor showed my home to
> > only 3 people in a year.....actually, it was one until
> I
> > complained and in June 2 more people were shown my
> > home. I got out of my contract and the
> > home's got to go. I like your idea about
> > flyers in the neighborhood. I'm going to do that!
> >
> >
> > I was aiming for the end of August. Do you
> > suppose that's a better date than the first week of
> > September?
> > Stephanie
> >
> >
> >
> >
> >
> >
> > Stephanie S.
> > Glazar
> > 412-443-5670
> > (cell)
> > sglazar at yahoo.com
> >
> > --- On Mon, 8/3/09, Gary Noel
> > <gnoel88 at yahoo.com>
> wrote:
> >
> >
> > From: Gary Noel <gnoel88 at yahoo.com>
> > Subject: Re: [5-DayForum] FEAR
> > To: "How To Sell Your Home in 5-Days"
> > <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Date: Monday, August 3, 2009, 6:06 PM
> >
> >
> >
> >
> >
> >
> > Hi Stephanie,
> >
> > We did 2 round robin auctions, one this last week end
> > and th other two week ends ago. The first
> > one was a townhouse in great condition. Nothing in
> the
> > complex has sold under $150,000. Our highest offer
> was
> > $94,000. The other property needed work but when
> fixed
> > up would be worth in the $300's. I don't even
> > want to tell you what the highest offer was.
> >
> > We passed out 1500 flyers door to door, put an ad in
> > the paper, put signs on just about every street corner
> for
> > blocks around the property, had a large orange sign in
> front
> > of the property, rented a wind dancer to draw
> attention, had
> > about 8 other signs in front of the property, had the
> strip
> > of flags streched out. Yah, it was a little
> > disappointing. But we will probably try it again on
> > another property and try a few things differently to
> see if
> > we can get better results. I believe this method
> > should work. I just don't know what the missing
> > link is yet.
> >
> >
> > Gary
> >
> >
> >
> >
> >
> > From:
> > Stephanie Glazar <sglazar at yahoo.com>
> > To:
> > 5-dayforum at howtosellyourhomein5days.com
> > Sent: Sunday,
> > August 2, 2009 11:19:20 PM
> > Subject:
> > [5-DayForum] FEAR
> >
> >
> >
> >
> >
> >
> > 5-day forum,
> > I am frightened that we will sell our house for much
> > much less than what it is worth because of the
> market.
> > My realtor only showed my home to 3 people in a year.
> > I fought to have my contract voided because of that
> and
> > won. Last year, August 2008, I had hopes of selling
> my
> > home for $55,000. According to the book, I should set
> > the price at one-half that, at $27,000 and then drop
> down to
> > the magic 500 number, so my ad should read $26,500. I
> > am very worried that this would be what my house would
> sell
> > at. I need $23,300.00 to pay off the home equity loan
> > attached to the home.
> >
> > The book I bought was copyrighted, 2007. Does
> > this method hold true for this terrible real estate
> market
> > in 2009? I would appreciate any positive comment.
> >
> > Stephanie
> >
> >
> >
> >
> >
> > Stephanie S.
> > Glazar
> > 412-443-5670
> > (cell)
> >
> >
> > sglazar at yahoo.com
> >
> >
> > -----Inline Attachment Follows-----
> >
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > -----Inline Attachment Follows-----
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> >
> 
> 
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 


      

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From Janetislight at aol.com  Tue Aug  4 17:51:03 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Tue, 4 Aug 2009 17:51:03 EDT
Subject: [5-DayForum] FEAR
Message-ID: <cce.55293c7d.37aa0747@aol.com>

That would be very interesting to know.
 
Good Luck!
 
Janet
 
 
In a message dated 8/4/2009 4:13:21 P.M. Central Daylight Time,  
artchr61 at yahoo.com writes:

 
How can you say that this method is working?? I know homes are selling in  
my area, I did a lot of research for my neighborhoods, went to the realtor  
websites and looked at recent sales, and went to open houses,  etc...  
People are buying homes around here but they are all being  sold by full service 
realtors. True, the market isn't what it used to be, and  my home could have 
gotten more 2-3 years ago, but I've taken all that into  consideration. I 
know that even though the sale didn't work for me (and I  followed the book) 
that my home isn't worth $0.00!!!  How far back do you  need to go in the 
forum to find a GOOD success story? 
Good luck to anyone who tries this method. Century 21 here I come!! I'll  
let you know what I get for my house!
 
Leslie



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From bill at effros.com  Tue Aug  4 18:35:13 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 04 Aug 2009 18:35:13 -0400
Subject: [5-DayForum] FEAR
In-Reply-To: <030b01ca153e$b5d6f680$6801a8c0@FAMILYROOM>
References: <954750.90828.qm@web30201.mail.mud.yahoo.com>
	<030b01ca153e$b5d6f680$6801a8c0@FAMILYROOM>
Message-ID: <4A78B7A1.5050904@effros.com>

Right you are, Bill.

You can only teach Econ 101 so many times before you burn out.

It is true that some homes have become unsellable -- something never 
contemplated before more homes were built in this country than there 
were people who could buy them.

But that's where we are now.

Offer your home for $499,500 in Craigslist only.  If you fail to get 25 
responses by Friday night pull the ad, stop the 5-Day Sale, and 
correspond with the people who contacted you to see if it is even 
remotely possible to strike a deal you can live with.

I think we're going to see a lot of inflation, so some people in some 
parts of the country with some homes will be able to get more for their 
homes in the future than they can get now.  But a lot of other homes may 
never be sold again.  I doubt that we have enough money for a "Cash for 
Clunkers" housing program, but I'll bet a lot of nice homes get 
bulldozed before this is over.

The 5-Day Method will tell you what you need to know at no cost in 
5-Days.  If you do get 25 responses and play it out, take what you can 
get!  It's a really really tough market for the kind of home you own at 
the price you paid.  It may be a really really tough market for people 
who paid 1/2 what you paid.

If you can live in that home for a while, it might be your best bet.  
Let us know how things shake out.  There are a lot of people in the same 
boat as you, trying to figure out what to do next.  There are some homes 
that can't be sold in 5 Days.

Bill Effros
Author

Bill Barks wrote:
> I disagree that the process is not working.  I think it is working.  The 
> discrepancy in the price delivered through the 5-day sale and the price 
> expected by the seller is that  there aren't buyers out there willing to pay 
> what the seller thinks it is worth.  therefore the seller is wrong in their 
> estimation.  In any market the house is only worth what someone is willing 
> to pay for it.  So in fact the process is working .  it is identifying what 
> the house is worth in your market at the time the sale is run.  Likely the 
> number is what it sold for 10-12 years ago before the unjustified run-up in 
> housing prices. -the bubble.
>
> Some experts say the sub-prime mess is nothing compared to the "prime mess 
> we are about to see.
>
> I am having first hand experience with this - a 1.2 million dollar purchase 
> in Nov '06 of 300' of western-facing waterfront - with a 2900'sq ft well 
> constructed fully remodeled ranch house and 650' sq ft guest house. in a 
> rural area of the Puget  Sound region of Western Washington state,. 
> Currently there are 32 homes on the market in my price range with only 2 
> sales since March.    Other than a 5-day sale, which I plan to run next 
> week,  it is very difficult to ascertain the value of a property.  I ran 
> some hypothetical "bargain" # s by a realtor in the area for 27 years --I 
> asked " what about $ 850,000 ?- would that get buyers excited ?- his reply 
> was "join the club, there are homes currently listed at 1/2 of what they 
> were listed 1 year ago--and no interest.  the buyers just aren't there".
>
> That is the real FEAR issue- buyers a afraid to buy what may likely turn out 
> to be a depreciating liability , rather than an asset.  And what bank would 
> want to loan in that situation?
>
> So run the 5-day sale --to the book...and there will be your answer as to 
> what your house is worth....and then make your plan accordingly --rather 
> than on what you "wish" your home would sell for.
>
>
>
>
> ----- Original Message ----- 
> From: "Steven Herbert" <sterbert at yahoo.com>
> To: "How To Sell Your Home in 5-Days" 
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Tuesday, August 04, 2009 12:06 PM
> Subject: Re: [5-DayForum] FEAR
>
>
> I'm a little irritated. The BOOK claims that you can get the best possible 
> price by using Bill's method--that hasn't been the case on this forum, for a 
> long while). So SUCCESSES are being defined as any sell for any price ("at 
> least you got an offer" kind of success).
>
> Knowing the best advertising in your area is a complicated process. 
> Advertising rules have changed in Tacoma--Seattle area (1 newspaper just 
> retired itself) and few hits came from Craigslist. No system is perfect so I 
> don't believe as religious truth that "3 real buyers" will show up if you 
> price the house at 50% ... b/c folks actually believe that 50% is a 
> possiblity.
>
> Just my thoughts and opinions. I'm here on the forum listening for info but 
> I listed w/flat-fee MLS just recently.
>
> Steven
>
>
> --- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com> wrote:
>
>   
>> From: Gary Noel <gnoel88 at yahoo.com>
>> Subject: Re: [5-DayForum] FEAR
>> To: "How To Sell Your Home in 5-Days" 
>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Date: Tuesday, August 4, 2009, 1:53 PM
>> Hi
>> Rosemarie,
>>
>> You mentioned something about having two successful
>> auctions. Can you share with us what you did to have
>> such a wonderful experience? I've personally tried
>> two so far and advertised in many ways Bills'
>> doesn't mention. For example, passing out flyers
>> and putting up signs on street corners. In tracking
>> the calls very few came from the newspaper and internet
>> while most all came from the flyers and signs. Even
>> though I had 22 people come to the auction with 11 initial
>> biders, the top bid was about one third of the current
>> value. So my question to anyone who can help is: what
>> can be done to get the bid up to a little closer to market
>> value? Nothing in the area has sold for less than four
>> times the highest bid we received on this model.
>>
>>
>>
>>
>>
>> From:
>> rosemarie-fred <rosemarie-fred at mindspring.com>
>> To: How To
>> Sell Your Home in 5-Days
>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Sent:
>> Tuesday, August 4, 2009 7:01:56 AM
>> Subject: Re:
>> [5-DayForum] FEAR
>>
>>
>> #yiv206810613 DIV {
>> MARGIN:0px;}
>>
>>
>> Leslie -
>> There are lots of success
>> stories. You haven't been on this forum very long, or
>> you would know that Bill does read it and weighs in when he
>> thinks it's worth it. Since this forum is about his
>> methods, I think we should be a little more polite about it,
>> at least!
>> I have had two successful
>> sales, and am planning another. If you read the archives you
>> will find plenty of them.
>> There are factors that
>> affect how things work that have nothing to do with the
>> book, but Bill always says that if you run the sale
>> according to his methods you will find out the value of the
>> house to the marketplace at that time. The 5-day sale is
>> usually ahead of the rest of the market.
>> Bill is now working on the
>> fourth edition, which may be why we are not hearing from him
>> as much as usual. I know we are all interested to know what
>> he will change. I know there will be more emphasis on
>> internet advertising.
>> Let us know if you are
>> successful with the realtor.
>> Rosemarie
>>
>> ----- Original Message -----
>>
>> From: Leslie Michaels
>>
>> To: How
>> To Sell Your Home in 5-Days
>> Sent: Monday, August
>> 03, 2009 11:39 PM
>> Subject: Re:
>> [5-DayForum] FEAR
>>
>>
>>
>> I would have to say that the book is very out dated
>> for this real estate economy. I have yet to hear of any real
>> positive feedback in favor of the book and the methods it
>> promotes. I think the forum is a great way to find out what
>> really works, not what Bill Effros wrote...(maybe he should
>> be reading this forum as well!) I followed the
>> book with regards to newspaper ads and some signs but it was
>> very disappointing. I spent nearly 600.00 in advertising
>> with nothing to show. Flyers probably wouldn't work in
>> my area since most people around here just throw them away.
>> I live in an upper middle class town near Chicago and
>> I've tried the flat fee MLS with some showings and no
>> offers, Bill's book with no success at all, and now
>> I'm going with a full service realtor at the end of
>> the month. Homes in my area are selling with full
>> service realtors, so I'm going that route and hopefully
>> I can sell my house by the end of the year. I
>>  personally won't waste any more time or money with
>> Bill's plan, but if anyone out there has a good success
>> story, I'd love to hear it!!
>>
>> Leslie
>>
>>
>>
>>
>> From: Gary
>> Noel <gnoel88 at yahoo.com>
>> To: How To
>> Sell Your Home in 5-Days
>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Sent: Monday,
>> August 3, 2009 10:25:42 PM
>> Subject: Re:
>> [5-DayForum] FEAR
>>
>>
>>
>> Actually I'm not sure when would be the best time
>> to have the auction. But I will add this. The
>> flyers and signs were by far the biggest draw.
>> We'll figure out what works and what doesn't.
>> It may be just doing something completely different that the
>> book does have in it.
>>
>>
>>
>>
>>
>> From:
>> Stephanie Glazar <sglazar at yahoo.com>
>> To: How To
>> Sell Your Home in 5-Days
>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Sent: Monday,
>> August 3, 2009 6:57:58 PM
>> Subject: Re:
>> [5-DayForum] FEAR
>>
>>
>>
>>
>>
>>
>> Thanks for your story Gary!
>> After sending the email, I've had some time to
>> think. The truly scary thing would be to be stuck with
>> the property for another winter with the 200 dollar monthly
>> heating bill and the 600 dollar mortgage and the garbage
>> bill, taxes, etc.! I'm here at a Panera's
>> reading the book from cover to cover. I had just read
>> enough to be interested. My realtor showed my home to
>> only 3 people in a year.....actually, it was one until I
>> complained and in June 2 more people were shown my
>> home. I got out of my contract and the
>> home's got to go. I like your idea about
>> flyers in the neighborhood. I'm going to do that!
>>
>>
>> I was aiming for the end of August. Do you
>> suppose that's a better date than the first week of
>> September?
>> Stephanie
>>
>>
>>
>>
>>
>>
>> Stephanie S.
>> Glazar
>> 412-443-5670
>> (cell)
>> sglazar at yahoo.com
>>
>> --- On Mon, 8/3/09, Gary Noel
>> <gnoel88 at yahoo.com> wrote:
>>
>>
>> From: Gary Noel <gnoel88 at yahoo.com>
>> Subject: Re: [5-DayForum] FEAR
>> To: "How To Sell Your Home in 5-Days"
>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Date: Monday, August 3, 2009, 6:06 PM
>>
>>
>>
>>
>>
>>
>> Hi Stephanie,
>>
>> We did 2 round robin auctions, one this last week end
>> and th other two week ends ago. The first
>> one was a townhouse in great condition. Nothing in the
>> complex has sold under $150,000. Our highest offer was
>> $94,000. The other property needed work but when fixed
>> up would be worth in the $300's. I don't even
>> want to tell you what the highest offer was.
>>
>> We passed out 1500 flyers door to door, put an ad in
>> the paper, put signs on just about every street corner for
>> blocks around the property, had a large orange sign in front
>> of the property, rented a wind dancer to draw attention, had
>> about 8 other signs in front of the property, had the strip
>> of flags streched out. Yah, it was a little
>> disappointing. But we will probably try it again on
>> another property and try a few things differently to see if
>> we can get better results. I believe this method
>> should work. I just don't know what the missing
>> link is yet.
>>
>>
>> Gary
>>
>>
>>
>>
>>
>> From:
>> Stephanie Glazar <sglazar at yahoo.com>
>> To:
>> 5-dayforum at howtosellyourhomein5days.com
>> Sent: Sunday,
>> August 2, 2009 11:19:20 PM
>> Subject:
>> [5-DayForum] FEAR
>>
>>
>>
>>
>>
>>
>> 5-day forum,
>> I am frightened that we will sell our house for much
>> much less than what it is worth because of the market.
>> My realtor only showed my home to 3 people in a year.
>> I fought to have my contract voided because of that and
>> won. Last year, August 2008, I had hopes of selling my
>> home for $55,000. According to the book, I should set
>> the price at one-half that, at $27,000 and then drop down to
>> the magic 500 number, so my ad should read $26,500. I
>> am very worried that this would be what my house would sell
>> at. I need $23,300.00 to pay off the home equity loan
>> attached to the home.
>>
>> The book I bought was copyrighted, 2007. Does
>> this method hold true for this terrible real estate market
>> in 2009? I would appreciate any positive comment.
>>
>> Stephanie
>>
>>
>>
>>
>>
>> Stephanie S.
>> Glazar
>> 412-443-5670
>> (cell)
>>
>>
>> sglazar at yahoo.com
>>
>>
>> -----Inline Attachment Follows-----
>>
>>
>> _______________________________________________
>> 5-DayForum mailing list
>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>> _______________________________________________
>> 5-DayForum mailing list
>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>> -----Inline Attachment Follows-----
>>
>> _______________________________________________
>> 5-DayForum mailing list
>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>>     
>
>
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 
>
> _______________________________________________
> 5-DayForum mailing list
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From bill at effros.com  Tue Aug  4 18:53:05 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 04 Aug 2009 18:53:05 -0400
Subject: [5-DayForum] Had a sale last weekend
In-Reply-To: <82514.44959.qm@web83804.mail.sp1.yahoo.com>
References: <82514.44959.qm@web83804.mail.sp1.yahoo.com>
Message-ID: <4A78BBD1.5080607@effros.com>

Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 
5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some 
people who say they will never leave St. Louis are going to drive out 
just to see what's going on.  You will get the most you can get for your 
home at the present time.

I have started at absurd prices many times. Literally a zillion people 
show up, and you must be ready for them.  There is no question that most 
of them cannot or will not pay what you are hoping for.  But so what?  3 
people who know what your home is currently worth will pop out of the 
crowd, bid against each other, and you will get the most you can get for 
your home on the weekend you pick.

Enough people have computers so that you no longer have to take 
telephone calls.  You can do everything on the web -- and the response 
is instantaneous.

Prepare materials to email back to people before placing the ad.  You 
can send pictures.  You can explain in detail how you will run the 
sale.  Because you get to write it all out in advance, you can be sure 
everyone gets the same information, and you can be sure you have said 
exactly what you want to say.

I can't tell you exactly what materials to provide in response to 
Craigslist inquiries because I don't know yet.  I do know you will get 
an overwhelming number of responses, and virtually everyone looking for 
a home like yours will know yours is available and REALLY will be sold 
to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like 
Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us 
know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 
5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out 
of Craigslist in the middle of your 5-Day Sale.  I generally try to run 
one ad starting Tuesday night and deleting Thursday.  And an updating ad 
running Friday Saturday and Sunday.  You should have 25 responses by 
Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote:
> I am a big fan of this method.  We used the first book back in 1995 to 
> sell our first house, and it worked great!  I always knew we would use 
> this method for our second house.  Well, the time has come to sell our 
> second house!  I purchased the book just about a month ago.  However, 
> I didn't realize there was a third edition until about two weeks ago.  
> The seller didn't inform me of this fact!  I'm sure there is a lot in 
> the third edition that would have been helpful to us!
>  
> Well, here's where our story stands right now. 
>  
> We live in Southern Illinois, across the Mississippi from St. Louis.  
> Homes in our neighborhood have been selling in the upper $80's in the 
> past 4 months.  When we compare our home to these, some things are 
> better in ours, some are worse.  Ours is larger than any of them.  We 
> had hoped to get about $90K, but would have been more than satisfied 
> with $85K. 
>  
> We tried the sale two weeks ago with ads in the only daily in town.  
> We got 4 calls.  We postponed the sale.  We were able to advertise in 
> two weeklies, in addition to the daily.  We broke a big rule - we only 
> had 17 calls by Friday, but went ahead with the sale.  At least 12 of 
> our callers were so excited about the house, we thought we were good 
> to go.  Don't break that rule!  We only had 5 families come to look, 
> and only two bidders, and one could not afford our starting price.  We 
> did get a $75K offer, and we agreed to sell it to her.
>  
> The other thing we did was start at $74,500, because we were scared to 
> start lower.  I'm sure this also contributed to fewer callers.  We 
> arent' sure the current buyer is going to come through.  We should 
> know by tonight.  If she doesn't, we are purchasing the third edition 
> of the book, and doing it right!  We'll start at $49,500, and we'll 
> utilize the other advertising methods discussed in the third edition.  
> I almost wish the fourth edition was already out, as I'm worried we 
> are behind the times with the internet advertising. 
>  
> I know I've gone on a long time, but I do have a question - can anyone 
> point me to which internet advertising you all use.  I've never used 
> anything but ebay to sell over the internet, and not for something 
> like a house!    I'd just like to get a picture of how internet 
> advertising works.  Thanks so much for sticking with my story!
>
> Sue Pruett
> 32950 Delhi Road
> Brighton, IL  62012
> 618-372-3501
> Visit my blogs at http://www.thecharlottemasongirl.com/
> and http://www.illinoisgreenhome.com <http://www.illinoisgreenhome.com/>
> and http://parentingwithstyle.blogspot.com/
>  
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From tomwilson64 at yahoo.com  Tue Aug  4 21:24:34 2009
From: tomwilson64 at yahoo.com (Tom Wilson)
Date: Tue, 4 Aug 2009 20:24:34 -0500
Subject: [5-DayForum] FEAR
In-Reply-To: <cce.55293c7d.37aa0747@aol.com>
References: <cce.55293c7d.37aa0747@aol.com>
Message-ID: <032101ca156b$7e5d2d00$7b178700$@com>

It worked for me, but that's not even my point.  Most I communicated with
then who were doing them and now just keep it simple.  Simple doesn't mean
assuming anything.  Following the method to the letter isn't as easy as it
sounds.  My own opinion is that the success turns on the people who talk to
callers and the people who talk to folks at the open house.  The key to the
method is the absolute trust that the human interaction creates.  Sometimes
the problem may not even be what's said or how it's said, but some people
simply have facial features that don't engender trust.  It's not fair and is
silly, but the way humans really process at the instinct level is silly
often.   I'm not referring to anyone's outcome in particular.  At the end of
the day, even if people like a house, a bad interaction may be just enough
to change the outcome.  For whatever reason, when I did mine, I just had
fun.  He says in the book that all you are is a referee for the buyers so
relax and enjoy it.  I wasn't committed til there was a contract and there
wasn't anyone nor any question from someone or even a comment that was going
to spoil my fun.  To me it made it even nicer that the method calls for
complete disclosure.  Nothing to hide, nothing to stress about.  Just make
it look good and referee the buyers in a friendly, consistent manner,
assuming you have 25 legit calls by Friday.  

 

The method is really designed to determine true market if sufficient
interest is indicated.  It's not necessarily a guarantee of sale.  Done
right, it's a darn good stab at the truth on that day.  Sometimes the truth
isn't what we wish.  Other times silly competitive bidders bid more than you
ever expected.  Free market!  You gotta love it!

 

 

From:
5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.co
m
[mailto:5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein
5days.com] On Behalf Of Janetislight at aol.com
Sent: Tuesday, August 04, 2009 4:51 PM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] FEAR

 

That would be very interesting to know.

 

Good Luck!

 

Janet

 

In a message dated 8/4/2009 4:13:21 P.M. Central Daylight Time,
artchr61 at yahoo.com writes:

How can you say that this method is working?? I know homes are selling in my
area, I did a lot of research for my neighborhoods, went to the realtor
websites and looked at recent sales, and went to open houses, etc...  People
are buying homes around here but they are all being sold by full service
realtors. True, the market isn't what it used to be, and my home could have
gotten more 2-3 years ago, but I've taken all that into consideration. I
know that even though the sale didn't work for me (and I followed the book)
that my home isn't worth $0.00!!!  How far back do you need to go in the
forum to find a GOOD success story? 

Good luck to anyone who tries this method. Century 21 here I come!! I'll let
you know what I get for my house!

 

Leslie



_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

 

  _____  

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From BarrettAI at aol.com  Tue Aug  4 21:29:23 2009
From: BarrettAI at aol.com (BarrettAI at aol.com)
Date: Tue, 4 Aug 2009 21:29:23 EDT
Subject: [5-DayForum] Anyone who has done this in Charlotte?
Message-ID: <c83.42451161.37aa3a73@aol.com>

Check out the free case studies and video on _www.AuctionBySeller.com_ 
(http://www.AuctionBySeller.com)  
 
Kyle
_www.AuctionBySeller.com_ (http://www.AuctionBySeller.com)  
 
 
In a message dated 8/4/2009 10:11:55 A.M. Mountain Daylight Time,  
jryantist at yahoo.com writes:

My husband and I are going to do a 5 day sale for our home near  Charlotte, 
NC.  Has anyone done one around here?  What places  are best for 
advertising, and does anyone have any additional  tips?
Thanks!



_______________________________________________
5-DayForum  mailing  list
5-DayForum at mailman.howtosellyourhomein5days.com
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From gnoel88 at yahoo.com  Wed Aug  5 00:52:19 2009
From: gnoel88 at yahoo.com (Gary Noel)
Date: Tue, 4 Aug 2009 21:52:19 -0700 (PDT)
Subject: [5-DayForum] FEAR
In-Reply-To: <030b01ca153e$b5d6f680$6801a8c0@FAMILYROOM>
References: <954750.90828.qm@web30201.mail.mud.yahoo.com>
	<030b01ca153e$b5d6f680$6801a8c0@FAMILYROOM>
Message-ID: <689981.77496.qm@web59507.mail.ac4.yahoo.com>

Bill, have you run a 5 day sale in the last month?? I have!? A townhouse where nothing sold in the complex for less than $150,000 in the last 3 months, 6 months or year.? That includes the bank (trashed) REO's that sold in the complex.? There are two?properties that were listed on the MLS for $189,000 that are currently under contract.? We did the 5 day and the highest bid we received was $94,000.? The property is in great condition but yet the highest bid was $94,000.? By the way the trashed REO that sold less than 2 months ago sold for $150,000.? I don't remember how many window were broken nor the number of holes in the wall, etc.

And property number 2 we did a 5 day this last weekend.? No model like this sold for under $300,000 and the last one that sold was for $469,000 in this area.? The highest bid we received was $75,000.? We had a lot more than the 25 minimum calls, 22 people show up, 11 people put bid amounts and a high bid of $75,000 Sunday night.

Let me know how your 5 day goes.




________________________________
From: Bill Barks <barks4444 at comcast.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Tuesday, August 4, 2009 3:04:01 PM
Subject: Re: [5-DayForum] FEAR

I disagree that the process is not working.? I think it is working.? The 
discrepancy in the price delivered through the 5-day sale and the price 
expected by the seller is that? there aren't buyers out there willing to pay 
what the seller thinks it is worth.? therefore the seller is wrong in their 
estimation.? In any market the house is only worth what someone is willing 
to pay for it.? So in fact the process is working .? it is identifying what 
the house is worth in your market at the time the sale is run.? Likely the 
number is what it sold for 10-12 years ago before the unjustified run-up in 
housing prices. -the bubble.

Some experts say the sub-prime mess is nothing compared to the "prime mess 
we are about to see.

I am having first hand experience with this - a 1.2 million dollar purchase 
in Nov '06 of 300' of western-facing waterfront - with a 2900'sq ft well 
constructed fully remodeled ranch house and 650' sq ft guest house. in a 
rural area of the Puget? Sound region of Western Washington state,. 
Currently there are 32 homes on the market in my price range with only 2 
sales since March.? ? Other than a 5-day sale, which I plan to run next 
week,? it is very difficult to ascertain the value of a property.? I ran 
some hypothetical "bargain" # s by a realtor in the area for 27 years --I 
asked " what about $ 850,000 ?- would that get buyers excited ?- his reply 
was "join the club, there are homes currently listed at 1/2 of what they 
were listed 1 year ago--and no interest.? the buyers just aren't there".

That is the real FEAR issue- buyers a afraid to buy what may likely turn out 
to be a depreciating liability , rather than an asset.? And what bank would 
want to loan in that situation?

So run the 5-day sale --to the book...and there will be your answer as to 
what your house is worth....and then make your plan accordingly --rather 
than on what you "wish" your home would sell for.




----- Original Message ----- 
From: "Steven Herbert" <sterbert at yahoo.com>
To: "How To Sell Your Home in 5-Days" 
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Tuesday, August 04, 2009 12:06 PM
Subject: Re: [5-DayForum] FEAR


I'm a little irritated. The BOOK claims that you can get the best possible 
price by using Bill's method--that hasn't been the case on this forum, for a 
long while). So SUCCESSES are being defined as any sell for any price ("at 
least you got an offer" kind of success).

Knowing the best advertising in your area is a complicated process. 
Advertising rules have changed in Tacoma--Seattle area (1 newspaper just 
retired itself) and few hits came from Craigslist. No system is perfect so I 
don't believe as religious truth that "3 real buyers" will show up if you 
price the house at 50% ... b/c folks actually believe that 50% is a 
possiblity.

Just my thoughts and opinions. I'm here on the forum listening for info but 
I listed w/flat-fee MLS just recently.

Steven


--- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com> wrote:

> From: Gary Noel <gnoel88 at yahoo.com>
> Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in 5-Days" 
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Tuesday, August 4, 2009, 1:53 PM
> Hi
> Rosemarie,
>
> You mentioned something about having two successful
> auctions. Can you share with us what you did to have
> such a wonderful experience? I've personally tried
> two so far and advertised in many ways Bills'
> doesn't mention. For example, passing out flyers
> and putting up signs on street corners. In tracking
> the calls very few came from the newspaper and internet
> while most all came from the flyers and signs. Even
> though I had 22 people come to the auction with 11 initial
> biders, the top bid was about one third of the current
> value. So my question to anyone who can help is: what
> can be done to get the bid up to a little closer to market
> value? Nothing in the area has sold for less than four
> times the highest bid we received on this model.
>
>
>
>
>
> From:
> rosemarie-fred <rosemarie-fred at mindspring.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent:
> Tuesday, August 4, 2009 7:01:56 AM
> Subject: Re:
> [5-DayForum] FEAR
>
>
> #yiv206810613 DIV {
> MARGIN:0px;}
>
>
> Leslie -
> There are lots of success
> stories. You haven't been on this forum very long, or
> you would know that Bill does read it and weighs in when he
> thinks it's worth it. Since this forum is about his
> methods, I think we should be a little more polite about it,
> at least!
> I have had two successful
> sales, and am planning another. If you read the archives you
> will find plenty of them.
> There are factors that
> affect how things work that have nothing to do with the
> book, but Bill always says that if you run the sale
> according to his methods you will find out the value of the
> house to the marketplace at that time. The 5-day sale is
> usually ahead of the rest of the market.
> Bill is now working on the
> fourth edition, which may be why we are not hearing from him
> as much as usual. I know we are all interested to know what
> he will change. I know there will be more emphasis on
> internet advertising.
> Let us know if you are
> successful with the realtor.
> Rosemarie
>
> ----- Original Message -----
>
> From: Leslie Michaels
>
> To: How
> To Sell Your Home in 5-Days
> Sent: Monday, August
> 03, 2009 11:39 PM
> Subject: Re:
> [5-DayForum] FEAR
>
>
>
> I would have to say that the book is very out dated
> for this real estate economy. I have yet to hear of any real
> positive feedback in favor of the book and the methods it
> promotes. I think the forum is a great way to find out what
> really works, not what Bill Effros wrote...(maybe he should
> be reading this forum as well!) I followed the
> book with regards to newspaper ads and some signs but it was
> very disappointing. I spent nearly 600.00 in advertising
> with nothing to show. Flyers probably wouldn't work in
> my area since most people around here just throw them away.
> I live in an upper middle class town near Chicago and
> I've tried the flat fee MLS with some showings and no
> offers, Bill's book with no success at all, and now
> I'm going with a full service realtor at the end of
> the month. Homes in my area are selling with full
> service realtors, so I'm going that route and hopefully
> I can sell my house by the end of the year. I
>? personally won't waste any more time or money with
> Bill's plan, but if anyone out there has a good success
> story, I'd love to hear it!!
>
> Leslie
>
>
>
>
> From: Gary
> Noel <gnoel88 at yahoo.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Monday,
> August 3, 2009 10:25:42 PM
> Subject: Re:
> [5-DayForum] FEAR
>
>
>
> Actually I'm not sure when would be the best time
> to have the auction. But I will add this. The
> flyers and signs were by far the biggest draw.
> We'll figure out what works and what doesn't.
> It may be just doing something completely different that the
> book does have in it.
>
>
>
>
>
> From:
> Stephanie Glazar <sglazar at yahoo.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Monday,
> August 3, 2009 6:57:58 PM
> Subject: Re:
> [5-DayForum] FEAR
>
>
>
>
>
>
> Thanks for your story Gary!
> After sending the email, I've had some time to
> think. The truly scary thing would be to be stuck with
> the property for another winter with the 200 dollar monthly
> heating bill and the 600 dollar mortgage and the garbage
> bill, taxes, etc.! I'm here at a Panera's
> reading the book from cover to cover. I had just read
> enough to be interested. My realtor showed my home to
> only 3 people in a year.....actually, it was one until I
> complained and in June 2 more people were shown my
> home. I got out of my contract and the
> home's got to go. I like your idea about
> flyers in the neighborhood. I'm going to do that!
>
>
> I was aiming for the end of August. Do you
> suppose that's a better date than the first week of
> September?
> Stephanie
>
>
>
>
>
>
> Stephanie S.
> Glazar
> 412-443-5670
> (cell)
> sglazar at yahoo.com
>
> --- On Mon, 8/3/09, Gary Noel
> <gnoel88 at yahoo.com> wrote:
>
>
> From: Gary Noel <gnoel88 at yahoo.com>
> Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in 5-Days"
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Monday, August 3, 2009, 6:06 PM
>
>
>
>
>
>
> Hi Stephanie,
>
> We did 2 round robin auctions, one this last week end
> and th other two week ends ago. The first
> one was a townhouse in great condition. Nothing in the
> complex has sold under $150,000. Our highest offer was
> $94,000. The other property needed work but when fixed
> up would be worth in the $300's. I don't even
> want to tell you what the highest offer was.
>
> We passed out 1500 flyers door to door, put an ad in
> the paper, put signs on just about every street corner for
> blocks around the property, had a large orange sign in front
> of the property, rented a wind dancer to draw attention, had
> about 8 other signs in front of the property, had the strip
> of flags streched out. Yah, it was a little
> disappointing. But we will probably try it again on
> another property and try a few things differently to see if
> we can get better results. I believe this method
> should work. I just don't know what the missing
> link is yet.
>
>
> Gary
>
>
>
>
>
> From:
> Stephanie Glazar <sglazar at yahoo.com>
> To:
> 5-dayforum at howtosellyourhomein5days.com
> Sent: Sunday,
> August 2, 2009 11:19:20 PM
> Subject:
> [5-DayForum] FEAR
>
>
>
>
>
>
> 5-day forum,
> I am frightened that we will sell our house for much
> much less than what it is worth because of the market.
> My realtor only showed my home to 3 people in a year.
> I fought to have my contract voided because of that and
> won. Last year, August 2008, I had hopes of selling my
> home for $55,000. According to the book, I should set
> the price at one-half that, at $27,000 and then drop down to
> the magic 500 number, so my ad should read $26,500. I
> am very worried that this would be what my house would sell
> at. I need $23,300.00 to pay off the home equity loan
> attached to the home.
>
> The book I bought was copyrighted, 2007. Does
> this method hold true for this terrible real estate market
> in 2009? I would appreciate any positive comment.
>
> Stephanie
>
>
>
>
>
> Stephanie S.
> Glazar
> 412-443-5670
> (cell)
>
>
> sglazar at yahoo.com
>
>
> -----Inline Attachment Follows-----
>
>
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>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
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From david at gigawatt.com  Wed Aug  5 01:24:40 2009
From: david at gigawatt.com (David Kaufman)
Date: Wed, 05 Aug 2009 01:24:40 -0400
Subject: [5-DayForum] Had a sale last weekend
In-Reply-To: <82514.44959.qm@web83804.mail.sp1.yahoo.com>
References: <82514.44959.qm@web83804.mail.sp1.yahoo.com>
Message-ID: <4A791798.4070807@gigawatt.com>

Hi Sue,

Sue Pruett wrote:
> [...] can anyone
> point me to which internet advertising you all use.  I've never used 
> anything but ebay to sell over the internet, and not for something 
> like a house! I'd just like to get a picture of how internet 
> advertising works.  Thanks so much for sticking with my story!

You should totally conduct your round robin on eBay.  And take whatever 
you can get just to close the sale, because the headlines will be so 
sensational "Mortgage meltdown drives desperate sellers to auction off 
homes on eBay" you might get interviewed by the New York times and then 
sweet book deal offers from publishers clamoring to pay you million 
dollar advances just to be able to (credibly) publish a title such as 
"How to Sell Your Home in 5-minutes!", perhaps subtitled "...in your 
pajamas!"

-dave, only half-joking

From bill at effros.com  Wed Aug  5 08:53:21 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 05 Aug 2009 08:53:21 -0400
Subject: [5-DayForum] FEAR
In-Reply-To: <689981.77496.qm@web59507.mail.ac4.yahoo.com>
References: <954750.90828.qm@web30201.mail.mud.yahoo.com>	<030b01ca153e$b5d6f680$6801a8c0@FAMILYROOM>
	<689981.77496.qm@web59507.mail.ac4.yahoo.com>
Message-ID: <4A7980C1.40203@effros.com>

Gary,

What is the rest of this story?

What do you think these properties are currently worth?

Let's start with property 2.

You had a complete failure with property 1 but you decided to try 
property 2 anyhow.

You imply it is worth at least $300,000, which would mean your starting 
price was $149,500.  22 people showed up, you got 11 bids, and the 
highest one was $75,000.

I've been running 5 Day Sales for more than 20 years, and I've never 
heard of a single instance where people followed the method and the best 
price they were offered was 50% of a starting price that was 50% of 
current market value.

By the way, what did you pay for the property, and when did you buy it?

This Forum seems to have attracted a lot of speculators who paid more 
for properties than they are worth, and now want to blame the market for 
their miscalculations.

The successful speculators are making a fortune using the 5-Day Method, 
and many use it exclusively.  I hear from them constantly--many are 
selling multiple properties every single weekend.  They know what to 
pay, and they immediately turn around and sell.  If you look back in the 
archives, some of them pop up once or twice, but basically they have 
neither time nor interest in explaining what they are doing.  If you 
paid too much for the properties you are trying to sell, neither the  
5-Day Method nor anything else is going to bail you out.

Bill Effros
Author



Gary Noel wrote:
> Bill, have you run a 5 day sale in the last month?  I have!  A 
> townhouse where nothing sold in the complex for less than $150,000 in 
> the last 3 months, 6 months or year.  That includes the bank (trashed) 
> REO's that sold in the complex.  There are two properties that were 
> listed on the MLS for $189,000 that are currently under contract.  We 
> did the 5 day and the highest bid we received was $94,000.  The 
> property is in great condition but yet the highest bid was $94,000.  
> By the way the trashed REO that sold less than 2 months ago sold for 
> $150,000.  I don't remember how many window were broken nor the number 
> of holes in the wall, etc.
>  
> And property number 2 we did a 5 day this last weekend.  No model like 
> this sold for under $300,000 and the last one that sold was for 
> $469,000 in this area.  The highest bid we received was $75,000.  We 
> had a lot more than the 25 minimum calls, 22 people show up, 11 people 
> put bid amounts and a high bid of $75,000 Sunday night.
>  
> Let me know how your 5 day goes.
>
> ------------------------------------------------------------------------
> *From:* Bill Barks <barks4444 at comcast.net>
> *To:* How To Sell Your Home in 5-Days 
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> *Sent:* Tuesday, August 4, 2009 3:04:01 PM
> *Subject:* Re: [5-DayForum] FEAR
>
> I disagree that the process is not working.  I think it is working.  The
> discrepancy in the price delivered through the 5-day sale and the price
> expected by the seller is that  there aren't buyers out there willing 
> to pay
> what the seller thinks it is worth.  therefore the seller is wrong in 
> their
> estimation.  In any market the house is only worth what someone is 
> willing
> to pay for it.  So in fact the process is working .  it is identifying 
> what
> the house is worth in your market at the time the sale is run.  Likely 
> the
> number is what it sold for 10-12 years ago before the unjustified 
> run-up in
> housing prices. -the bubble.
>
> Some experts say the sub-prime mess is nothing compared to the "prime 
> mess
> we are about to see.
>
> I am having first hand experience with this - a 1.2 million dollar 
> purchase
> in Nov '06 of 300' of western-facing waterfront - with a 2900'sq ft well
> constructed fully remodeled ranch house and 650' sq ft guest house. in a
> rural area of the Puget  Sound region of Western Washington state,.
> Currently there are 32 homes on the market in my price range with only 2
> sales since March.    Other than a 5-day sale, which I plan to run next
> week,  it is very difficult to ascertain the value of a property.  I ran
> some hypothetical "bargain" # s by a realtor in the area for 27 years --I
> asked " what about $ 850,000 ?- would that get buyers excited ?- his 
> reply
> was "join the club, there are homes currently listed at 1/2 of what they
> were listed 1 year ago--and no interest.  the buyers just aren't there".
>
> That is the real FEAR issue- buyers a afraid to buy what may likely 
> turn out
> to be a depreciating liability , rather than an asset.  And what bank 
> would
> want to loan in that situation?
>
> So run the 5-day sale --to the book...and there will be your answer as to
> what your house is worth....and then make your plan accordingly --rather
> than on what you "wish" your home would sell for.
>
>
>
>
> ----- Original Message -----
> From: "Steven Herbert" <sterbert at yahoo.com <mailto:sterbert at yahoo.com>>
> To: "How To Sell Your Home in 5-Days"
> <5-dayforum at mailman.howtosellyourhomein5days.com 
> <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
> Sent: Tuesday, August 04, 2009 12:06 PM
> Subject: Re: [5-DayForum] FEAR
>
>
> I'm a little irritated. The BOOK claims that you can get the best 
> possible
> price by using Bill's method--that hasn't been the case on this forum, 
> for a
> long while). So SUCCESSES are being defined as any sell for any price 
> ("at
> least you got an offer" kind of success).
>
> Knowing the best advertising in your area is a complicated process.
> Advertising rules have changed in Tacoma--Seattle area (1 newspaper just
> retired itself) and few hits came from Craigslist. No system is 
> perfect so I
> don't believe as religious truth that "3 real buyers" will show up if you
> price the house at 50% ... b/c folks actually believe that 50% is a
> possiblity.
>
> Just my thoughts and opinions. I'm here on the forum listening for 
> info but
> I listed w/flat-fee MLS just recently.
>
> Steven
>
>
> --- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com 
> <mailto:gnoel88 at yahoo.com>> wrote:
>
> > From: Gary Noel <gnoel88 at yahoo.com <mailto:gnoel88 at yahoo.com>>
> > Subject: Re: [5-DayForum] FEAR
> > To: "How To Sell Your Home in 5-Days"
> > <5-dayforum at mailman.howtosellyourhomein5days.com 
> <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
> > Date: Tuesday, August 4, 2009, 1:53 PM
> > Hi
> > Rosemarie,
> >
> > You mentioned something about having two successful
> > auctions. Can you share with us what you did to have
> > such a wonderful experience? I've personally tried
> > two so far and advertised in many ways Bills'
> > doesn't mention. For example, passing out flyers
> > and putting up signs on street corners. In tracking
> > the calls very few came from the newspaper and internet
> > while most all came from the flyers and signs. Even
> > though I had 22 people come to the auction with 11 initial
> > biders, the top bid was about one third of the current
> > value. So my question to anyone who can help is: what
> > can be done to get the bid up to a little closer to market
> > value? Nothing in the area has sold for less than four
> > times the highest bid we received on this model.
> >
> >
> >
> >
> >
> > From:
> > rosemarie-fred <rosemarie-fred at mindspring.com 
> <mailto:rosemarie-fred at mindspring.com>>
> > To: How To
> > Sell Your Home in 5-Days
> > <5-dayforum at mailman.howtosellyourhomein5days.com 
> <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
> > Sent:
> > Tuesday, August 4, 2009 7:01:56 AM
> > Subject: Re:
> > [5-DayForum] FEAR
> >
> >
> > #yiv206810613 DIV {
> > MARGIN:0px;}
> >
> >
> > Leslie -
> > There are lots of success
> > stories. You haven't been on this forum very long, or
> > you would know that Bill does read it and weighs in when he
> > thinks it's worth it. Since this forum is about his
> > methods, I think we should be a little more polite about it,
> > at least!
> > I have had two successful
> > sales, and am planning another. If you read the archives you
> > will find plenty of them.
> > There are factors that
> > affect how things work that have nothing to do with the
> > book, but Bill always says that if you run the sale
> > according to his methods you will find out the value of the
> > house to the marketplace at that time. The 5-day sale is
> > usually ahead of the rest of the market.
> > Bill is now working on the
> > fourth edition, which may be why we are not hearing from him
> > as much as usual. I know we are all interested to know what
> > he will change. I know there will be more emphasis on
> > internet advertising.
> > Let us know if you are
> > successful with the realtor.
> > Rosemarie
> >
> > ----- Original Message -----
> >
> > From: Leslie Michaels
> >
> > To: How
> > To Sell Your Home in 5-Days
> > Sent: Monday, August
> > 03, 2009 11:39 PM
> > Subject: Re:
> > [5-DayForum] FEAR
> >
> >
> >
> > I would have to say that the book is very out dated
> > for this real estate economy. I have yet to hear of any real
> > positive feedback in favor of the book and the methods it
> > promotes. I think the forum is a great way to find out what
> > really works, not what Bill Effros wrote...(maybe he should
> > be reading this forum as well!) I followed the
> > book with regards to newspaper ads and some signs but it was
> > very disappointing. I spent nearly 600.00 in advertising
> > with nothing to show. Flyers probably wouldn't work in
> > my area since most people around here just throw them away.
> > I live in an upper middle class town near Chicago and
> > I've tried the flat fee MLS with some showings and no
> > offers, Bill's book with no success at all, and now
> > I'm going with a full service realtor at the end of
> > the month. Homes in my area are selling with full
> > service realtors, so I'm going that route and hopefully
> > I can sell my house by the end of the year. I
> >  personally won't waste any more time or money with
> > Bill's plan, but if anyone out there has a good success
> > story, I'd love to hear it!!
> >
> > Leslie
> >
> >
> >
> >
> > From: Gary
> > Noel <gnoel88 at yahoo.com <mailto:gnoel88 at yahoo.com>>
> > To: How To
> > Sell Your Home in 5-Days
> > <5-dayforum at mailman.howtosellyourhomein5days.com 
> <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
> > Sent: Monday,
> > August 3, 2009 10:25:42 PM
> > Subject: Re:
> > [5-DayForum] FEAR
> >
> >
> >
> > Actually I'm not sure when would be the best time
> > to have the auction. But I will add this. The
> > flyers and signs were by far the biggest draw.
> > We'll figure out what works and what doesn't.
> > It may be just doing something completely different that the
> > book does have in it.
> >
> >
> >
> >
> >
> > From:
> > Stephanie Glazar <sglazar at yahoo.com <mailto:sglazar at yahoo.com>>
> > To: How To
> > Sell Your Home in 5-Days
> > <5-dayforum at mailman.howtosellyourhomein5days.com 
> <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
> > Sent: Monday,
> > August 3, 2009 6:57:58 PM
> > Subject: Re:
> > [5-DayForum] FEAR
> >
> >
> >
> >
> >
> >
> > Thanks for your story Gary!
> > After sending the email, I've had some time to
> > think. The truly scary thing would be to be stuck with
> > the property for another winter with the 200 dollar monthly
> > heating bill and the 600 dollar mortgage and the garbage
> > bill, taxes, etc.! I'm here at a Panera's
> > reading the book from cover to cover. I had just read
> > enough to be interested. My realtor showed my home to
> > only 3 people in a year.....actually, it was one until I
> > complained and in June 2 more people were shown my
> > home. I got out of my contract and the
> > home's got to go. I like your idea about
> > flyers in the neighborhood. I'm going to do that!
> >
> >
> > I was aiming for the end of August. Do you
> > suppose that's a better date than the first week of
> > September?
> > Stephanie
> >
> >
> >
> >
> >
> >
> > Stephanie S.
> > Glazar
> > 412-443-5670
> > (cell)
> > sglazar at yahoo.com <mailto:sglazar at yahoo.com>
> >
> > --- On Mon, 8/3/09, Gary Noel
> > <gnoel88 at yahoo.com <mailto:gnoel88 at yahoo.com>> wrote:
> >
> >
> > From: Gary Noel <gnoel88 at yahoo.com <mailto:gnoel88 at yahoo.com>>
> > Subject: Re: [5-DayForum] FEAR
> > To: "How To Sell Your Home in 5-Days"
> > <5-dayforum at mailman.howtosellyourhomein5days.com 
> <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
> > Date: Monday, August 3, 2009, 6:06 PM
> >
> >
> >
> >
> >
> >
> > Hi Stephanie,
> >
> > We did 2 round robin auctions, one this last week end
> > and th other two week ends ago. The first
> > one was a townhouse in great condition. Nothing in the
> > complex has sold under $150,000. Our highest offer was
> > $94,000. The other property needed work but when fixed
> > up would be worth in the $300's. I don't even
> > want to tell you what the highest offer was.
> >
> > We passed out 1500 flyers door to door, put an ad in
> > the paper, put signs on just about every street corner for
> > blocks around the property, had a large orange sign in front
> > of the property, rented a wind dancer to draw attention, had
> > about 8 other signs in front of the property, had the strip
> > of flags streched out. Yah, it was a little
> > disappointing. But we will probably try it again on
> > another property and try a few things differently to see if
> > we can get better results. I believe this method
> > should work. I just don't know what the missing
> > link is yet.
> >
> >
> > Gary
> >
> >
> >
> >
> >
> > From:
> > Stephanie Glazar <sglazar at yahoo.com <mailto:sglazar at yahoo.com>>
> > To:
> > 5-dayforum at howtosellyourhomein5days.com 
> <mailto:5-dayforum at howtosellyourhomein5days.com>
> > Sent: Sunday,
> > August 2, 2009 11:19:20 PM
> > Subject:
> > [5-DayForum] FEAR
> >
> >
> >
> >
> >
> >
> > 5-day forum,
> > I am frightened that we will sell our house for much
> > much less than what it is worth because of the market.
> > My realtor only showed my home to 3 people in a year.
> > I fought to have my contract voided because of that and
> > won. Last year, August 2008, I had hopes of selling my
> > home for $55,000. According to the book, I should set
> > the price at one-half that, at $27,000 and then drop down to
> > the magic 500 number, so my ad should read $26,500. I
> > am very worried that this would be what my house would sell
> > at. I need $23,300.00 to pay off the home equity loan
> > attached to the home.
> >
> > The book I bought was copyrighted, 2007. Does
> > this method hold true for this terrible real estate market
> > in 2009? I would appreciate any positive comment.
> >
> > Stephanie
> >
> >
> >
> >
> >
> > Stephanie S.
> > Glazar
> > 412-443-5670
> > (cell)
> >
> >
> > sglazar at yahoo.com <mailto:sglazar at yahoo.com>
> >
> >
> > -----Inline Attachment Follows-----
> >
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com 
> <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
> > 
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com 
> <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
> > 
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > -----Inline Attachment Follows-----
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com 
> <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
> > 
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> >
>
>
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com 
> <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com 
> <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From bill at effros.com  Wed Aug  5 08:55:10 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 05 Aug 2009 08:55:10 -0400
Subject: [5-DayForum] Had a sale last weekend
In-Reply-To: <4A791798.4070807@gigawatt.com>
References: <82514.44959.qm@web83804.mail.sp1.yahoo.com>
	<4A791798.4070807@gigawatt.com>
Message-ID: <4A79812E.5090702@effros.com>

Dave,

eBay actually tried this several years ago.  It didn't work.

Bill Effros
Author

David Kaufman wrote:
> Hi Sue,
>
> Sue Pruett wrote:
>   
>> [...] can anyone
>> point me to which internet advertising you all use.  I've never used 
>> anything but ebay to sell over the internet, and not for something 
>> like a house! I'd just like to get a picture of how internet 
>> advertising works.  Thanks so much for sticking with my story!
>>     
>
> You should totally conduct your round robin on eBay.  And take whatever 
> you can get just to close the sale, because the headlines will be so 
> sensational "Mortgage meltdown drives desperate sellers to auction off 
> homes on eBay" you might get interviewed by the New York times and then 
> sweet book deal offers from publishers clamoring to pay you million 
> dollar advances just to be able to (credibly) publish a title such as 
> "How to Sell Your Home in 5-minutes!", perhaps subtitled "...in your 
> pajamas!"
>
> -dave, only half-joking
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>   
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From ginaherald at carolina.rr.com  Tue Aug  4 16:45:44 2009
From: ginaherald at carolina.rr.com (Gina Herald)
Date: Tue, 4 Aug 2009 16:45:44 -0400
Subject: [5-DayForum] Anyone who has done this in Charlotte?
In-Reply-To: <549723753DFA4919BC0276211BB6D009@rosemarifv6onv>
References: <124237.90806.qm@web54306.mail.re2.yahoo.com>
	<549723753DFA4919BC0276211BB6D009@rosemarifv6onv>
Message-ID: <002101ca1544$89df1b60$0302a8c0@your4105e587b6>

I tried one in Charlotte the last weekend in July for a condo in the
Southpark area. I advertised on Craig's list, the Charlotte Observer, Rock
Hill Herald, Gaston Gazette and the Concord/Lake Norman papers as well.
Only had about 10-11 calls.  Not sure what the right method of advertising
is in Charlotte.  I used a starting price of $124,500 on a condo w/a tax
value of $311,000 (and I paid more than that for it) hoping to get at least
250K but did not get the number of calls that I needed.  Until I figure out
the right way to inform the potential buyers in Charlotte I'm holding off on
a 2nd try.

 

Love the book and the concept. First bought it back in 1997 when I lived in
Baltimore and always wanted to try it.  

 

  _____  

From:
5-dayforum-bounces+ginaherald=carolina.rr.com at mailman.howtosellyourhomein5da
ys.com
[mailto:5-dayforum-bounces+ginaherald=carolina.rr.com at mailman.howtosellyourh
omein5days.com] On Behalf Of rosemarie-fred
Sent: Tuesday, August 04, 2009 3:50 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Anyone who has done this in Charlotte?

 

I am in Charlotte.

I found the Observer expensive and not too productive. I used the Carolina
Nickel, Creative Loafing, Charlotte Weekly, Skirt, and any other papers I
could find!

Also I used Postlets.com, which posts your ad on many sites.

Where exactly are you?
Rosemarie

----- Original Message ----- 

From: Jamie Ryan <mailto:jryantist at yahoo.com>  

To: 5-dayforum at mailman.howtosellyourhomein5days.com 

Sent: Tuesday, August 04, 2009 11:34 AM

Subject: [5-DayForum] Anyone who has done this in Charlotte?

 


My husband and I are going to do a 5 day sale for our home near Charlotte,
NC.  Has anyone done one around here?  What places are best for advertising,
and does anyone have any additional tips?

Thanks!

 


  _____  


_______________________________________________
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5-DayForum at mailman.howtosellyourhomein5days.com
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From jsimmons65 at cox.net  Tue Aug  4 17:40:04 2009
From: jsimmons65 at cox.net (Joe Simmons)
Date: Tue, 4 Aug 2009 14:40:04 -0700
Subject: [5-DayForum] Sale Price Above Market Appraisal
Message-ID: <013501ca154c$20c74af0$6255e0d0$@net>

I live in Phoenix, and am getting ready to sell my parent's house in Sun
City West.  They both passed away in the last year and a half, and as the
only heir, everything is now in my name.  This is a special market, in that
one of the owners has to be 55 years old, or older, and no one can live in
the community who is under 18 years of age.  There is also a mandatory
recreation fee of about $300 per year, per person.  Has anyone had any
experience selling in this type of market?   Also, it appears as though the
market is starting to come back a little, but since my expenses on the house
are quite low, i.e., no mortgage, only utilities and maintenance, I can
afford to sit on it for a while if that is a better idea.

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From lcanimalcradle at yahoo.com  Mon Aug  3 18:08:33 2009
From: lcanimalcradle at yahoo.com (Jannele Walther)
Date: Mon, 3 Aug 2009 15:08:33 -0700 (PDT)
Subject: [5-DayForum] (no subject)
Message-ID: <485623.91779.qm@web39705.mail.mud.yahoo.com>

Please send me info on those who have listed mutli-unit housing in Chicago

A dog's life is a terrible thing to waste.Help give a dog a better one.


      
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From Janetislight at aol.com  Wed Aug  5 09:24:53 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Wed, 5 Aug 2009 09:24:53 EDT
Subject: [5-DayForum] Had a sale last weekend
Message-ID: <c61.5132d2a5.37aae225@aol.com>

Yes, it would be interesting to know how to do this on Craigslist, since I  
has zero responses from an ad placed as laid out in the book.
 
Janet
 
 
 
In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time,  
bill at effros.com writes:

Sue,

You already understand most  of what you've got to know.

The big change in the 4th edition is that  it is now possible to run a 
5-Day sale with zero advertising cost.

All  you need is Craigslist.

Start your home at $24,500.  I know.   It sounds crazy.

But you know you'll get more than 25 responses by  Friday night, and some 
people who say they will never leave St. Louis are  going to drive out just 
to see what's going on.  You will get the most  you can get for your home at 
the present time.

I have started at absurd  prices many times. Literally a zillion people 
show up, and you must be ready  for them.  There is no question that most of 
them cannot or will not pay  what you are hoping for.  But so what?  3 people 
who know what your  home is currently worth will pop out of the crowd, bid 
against each other, and  you will get the most you can get for your home on 
the weekend you  pick.

Enough people have computers so that you no longer have to take  telephone 
calls.  You can do everything on the web -- and the response is  
instantaneous.

Prepare materials to email back to people before placing  the ad.  You can 
send pictures.  You can explain in detail how you  will run the sale.  
Because you get to write it all out in advance, you  can be sure everyone gets 
the same information, and you can be sure you have  said exactly what you want 
to say.

I can't tell you exactly what  materials to provide in response to 
Craigslist inquiries because I don't know  yet.  I do know you will get an 
overwhelming number of responses, and  virtually everyone looking for a home like 
yours will know yours is available  and REALLY will be sold to the high bidder 
Sunday night.

Unlike Bill,  your home can certainly be sold at this time.  Just like 
Bill, you can  know exactly what you've got to do in just 5 Days at no cost.

If you  start to develop "stock" internet responses to Craigslist, let us 
know what  they are, and how they worked.

The Craigslist headline and body copy  work differently than newspaper 
5-Day Ads.  Again, let us know what  works.

Also, watch the resubmission rules -- you don't want' to get  frozen out of 
Craigslist in the middle of your 5-Day Sale.  I generally  try to run one 
ad starting Tuesday night and deleting Thursday.  And an  updating ad running 
Friday Saturday and Sunday.  You should have 25  responses by Thursday 
night.

Let us know how it goes.  You're on  the right track.

Bill Effros
Author



Sue Pruett  wrote:  
I am a big fan of this method.  We used the first book back  in 1995 to 
sell our first house, and it worked great!  I always  knew we would use this 
method for our second house.  Well, the  time has come to sell our second 
house!  I purchased the book  just about a month ago.  However, I didn't realize 
there was a  third edition until about two weeks ago.  The seller didn't  
inform me of this fact!  I'm sure there is a lot in the third  edition that 
would have been helpful to us!
 
Well, here's where our story stands right now.  
 
We live in Southern Illinois, across the Mississippi from St.  Louis.  
Homes in our neighborhood have been selling in the upper  $80's in the past 4 
months.  When we compare our home to these,  some things are better in ours, 
some are worse.  Ours is larger  than any of them.  We had hoped to get about 
$90K, but would have  been more than satisfied with $85K.  
 
We tried the sale two weeks ago with ads in the only daily in  town.  We 
got 4 calls.  We postponed the sale.  We were  able to advertise in two 
weeklies, in addition to the daily.  We  broke a big rule - we only had 17 calls 
by Friday, but went ahead with  the sale.  At least 12 of our callers were so 
excited about the  house, we thought we were good to go.  Don't break that  
rule!  We only had 5 families come to look, and only two bidders,  and one 
could not afford our starting price.  We did get a  $75K offer, and we 
agreed to sell it to her.
 
The other thing we did was start at $74,500, because we were  scared to 
start lower.  I'm sure this also contributed to  fewer callers.  We arent' sure 
the current buyer is going to  come through.  We should know by tonight.  
If she doesn't,  we are purchasing the third edition of the book, and doing 
it  right!  We'll start at $49,500, and we'll utilize the other  advertising 
methods discussed in the third edition.  I almost  wish the fourth edition 
was already out, as I'm worried we are behind  the times with the internet 
advertising.  
 
I know I've gone on a long time, but I do have a question  - can anyone 
point me to which internet advertising you all  use.  I've never used anything 
but ebay to sell over the  internet, and not for something like a house!    
I'd  just like to get a picture of how internet advertising works.   Thanks 
so much for sticking with my story!


Sue Pruett
32950 Delhi  Road
Brighton, IL   62012
618-372-3501
Visit my blogs at _http://www.thecharlottemasongirl.com/_ 
(http://www.thecharlottemasongirl.com/) 
and _http://www.illinoisgreenhome.com_ (http://www.illinoisgreenhome.com/) 
and _http://parentingwithstyle.blogspot.com/_ 
(http://parentingwithstyle.blogspot.com/) 
 
 
____________________________________


_______________________________________________

5-DayForum mailing list

_5-DayForum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-DayForum at mailman.howtosellyourhomein5days.com) 

_http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
_ 
(http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) 

  



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From jcrafor at hotmail.com  Wed Aug  5 09:44:40 2009
From: jcrafor at hotmail.com (j crafor)
Date: Wed, 5 Aug 2009 13:44:40 +0000
Subject: [5-DayForum] Had a sale last weekend
In-Reply-To: <c61.5132d2a5.37aae225@aol.com>
References: <c61.5132d2a5.37aae225@aol.com>
Message-ID: <SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>


I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.

Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...

JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.
 
Janet
 
 

In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 





I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!
 
Well, here's where our story stands right now.  
 
We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  
 
We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.
 
The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  
 
I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/
 
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From jcrafor at hotmail.com  Wed Aug  5 10:03:27 2009
From: jcrafor at hotmail.com (j crafor)
Date: Wed, 5 Aug 2009 14:03:27 +0000
Subject: [5-DayForum] Had a sale last weekend
In-Reply-To: <SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>
References: <c61.5132d2a5.37aae225@aol.com>
	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>
Message-ID: <SNT116-W30875CAE56ACF21EB2769AAE0D0@phx.gbl>


Wanted to clarify: I had only one response for the 5day from Craigslist, and  ONLY TWO for the standard open house on Craigslist.

Jcrafor

 


From: jcrafor at hotmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Wed, 5 Aug 2009 13:44:40 +0000
Subject: Re: [5-DayForum] Had a sale last weekend



I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.
 
Janet
 
 

In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 





I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!
 
Well, here's where our story stands right now.  
 
We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  
 
We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.
 
The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  
 
I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/
 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  

_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum







Get back to school stuff for them and cashback for you. Try BingT now.
_________________________________________________________________
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From bill at effros.com  Wed Aug  5 10:29:13 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 05 Aug 2009 10:29:13 -0400
Subject: [5-DayForum] Had a sale last weekend
In-Reply-To: <c61.5132d2a5.37aae225@aol.com>
References: <c61.5132d2a5.37aae225@aol.com>
Message-ID: <4A799739.8020002@effros.com>

Janet,

If the price is right on Craigslist you will get some responses 
immediately no matter how badly you lay out the ad.

The feedback is so instant (we're talking about 10 minutes in most 
cases) you can tell if you have a problem, and you take the ad off 
Craigslist to figure out what you've got to do next.

When I first started using Craigslist I laid out the ad just as it is in 
the book, too.  It worked fine because the price was right, so I stuck 
with it.   But at some point I realized that I used an all-print ad in 
newspapers primarily to keep the cost low -- I knew the starting price 
would pull in more potential buyers than any picture possibly could.  
But putting photos in Craigslist became easy, so I tried it.

I don't know if it made any difference.  It is so easy to respond to 
Craigslist ads and ask for photos.

In either case, as you start to correspond with people who respond to 
the ad, you learn everything you need to know before Friday night.  I 
now send them pictures, and discuss the property in some detail to avoid 
getting more people than I can handle at a sale.  I've got all their 
email addresses, so I can contact everyone in a flash if I decide to 
cancel.  Also, I use Craigslist to post messages if I need to do so -- I 
know these people are trolling Craigslist constantly.

The essential element in the correspondence is convincing people that 
you will absolutely offer the home to the high bidder no matter what the 
bid price.  If this is not true, you should not run a 5-Day Sale, 
because you will not get the highest possible bid.

I will explain more about that at another time -- just understand that 
as soon as you start weaseling about the meaning of the ad you are 
sunk.  Somebody will flag your ad as a scam.  Real buyers won't bother 
to show up.

Professionals are in a different category than FSBOs.  The book is 
written for FSBOs.  The successful pros develop their own wrinkles over 
the course of multiple successful sales, but these wrinkles are a bad 
idea for FSBOs.  However all the successful pros who contact me say the 
same thing "I always sell the home to the high bidder--ALWAYS!"  (The 
pros develop a following over time -- people who lose a home over $500 
never let that happen again -- provided they know the seller followed 
through and offered the home to the high bidder as promised.  The pros 
have minimal advertising costs; almost no carrying costs; and in these 
times most can buy homes for 60% of market value.  If they sell one for 
90% of what they think it's worth they negotiate harder on the buying 
end -- when you run successful 5-Day sales for a living you come to 
really trust the market.  Professional 5-Day Sellers knew the market was 
starting to collapse more than a year before most people figured it 
out.  They sold "cheap" and got rid of their inventory.  You know what 
happened to all of the people who decided to wait another 6 months to 
see if the market improved.

Bill Effros
Author



Janetislight at aol.com wrote:
> Yes, it would be interesting to know how to do this on Craigslist, 
> since I has zero responses from an ad placed as laid out in the book.
>  
> Janet
>  
>  
> In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, 
> bill at effros.com writes:
>
>     Sue,
>
>     You already understand most of what you've got to know.
>
>     The big change in the 4th edition is that it is now possible to
>     run a 5-Day sale with zero advertising cost.
>
>     All you need is Craigslist.
>
>     Start your home at $24,500.  I know.  It sounds crazy.
>
>     But you know you'll get more than 25 responses by Friday night,
>     and some people who say they will never leave St. Louis are going
>     to drive out just to see what's going on.  You will get the most
>     you can get for your home at the present time.
>
>     I have started at absurd prices many times. Literally a zillion
>     people show up, and you must be ready for them.  There is no
>     question that most of them cannot or will not pay what you are
>     hoping for.  But so what?  3 people who know what your home is
>     currently worth will pop out of the crowd, bid against each other,
>     and you will get the most you can get for your home on the weekend
>     you pick.
>
>     Enough people have computers so that you no longer have to take
>     telephone calls.  You can do everything on the web -- and the
>     response is instantaneous.
>
>     Prepare materials to email back to people before placing the ad. 
>     You can send pictures.  You can explain in detail how you will run
>     the sale.  Because you get to write it all out in advance, you can
>     be sure everyone gets the same information, and you can be sure
>     you have said exactly what you want to say.
>
>     I can't tell you exactly what materials to provide in response to
>     Craigslist inquiries because I don't know yet.  I do know you will
>     get an overwhelming number of responses, and virtually everyone
>     looking for a home like yours will know yours is available and
>     REALLY will be sold to the high bidder Sunday night.
>
>     Unlike Bill, your home can certainly be sold at this time.  Just
>     like Bill, you can know exactly what you've got to do in just 5
>     Days at no cost.
>
>     If you start to develop "stock" internet responses to Craigslist,
>     let us know what they are, and how they worked.
>
>     The Craigslist headline and body copy work differently than
>     newspaper 5-Day Ads.  Again, let us know what works.
>
>     Also, watch the resubmission rules -- you don't want' to get
>     frozen out of Craigslist in the middle of your 5-Day Sale.  I
>     generally try to run one ad starting Tuesday night and deleting
>     Thursday.  And an updating ad running Friday Saturday and Sunday. 
>     You should have 25 responses by Thursday night.
>
>     Let us know how it goes.  You're on the right track.
>
>     Bill Effros
>     Author
>
>
>
>     Sue Pruett wrote:
>>     I am a big fan of this method.  We used the first book back in
>>     1995 to sell our first house, and it worked great!  I always knew
>>     we would use this method for our second house.  Well, the time
>>     has come to sell our second house!  I purchased the book just
>>     about a month ago.  However, I didn't realize there was a third
>>     edition until about two weeks ago.  The seller didn't inform me
>>     of this fact!  I'm sure there is a lot in the third edition that
>>     would have been helpful to us!
>>      
>>     Well, here's where our story stands right now. 
>>      
>>     We live in Southern Illinois, across the Mississippi from St.
>>     Louis.  Homes in our neighborhood have been selling in the upper
>>     $80's in the past 4 months.  When we compare our home to these,
>>     some things are better in ours, some are worse.  Ours is larger
>>     than any of them.  We had hoped to get about $90K, but would have
>>     been more than satisfied with $85K. 
>>      
>>     We tried the sale two weeks ago with ads in the only daily in
>>     town.  We got 4 calls.  We postponed the sale.  We were able to
>>     advertise in two weeklies, in addition to the daily.  We broke a
>>     big rule - we only had 17 calls by Friday, but went ahead with
>>     the sale.  At least 12 of our callers were so excited about the
>>     house, we thought we were good to go.  Don't break that rule!  We
>>     only had 5 families come to look, and only two bidders, and one
>>     could not afford our starting price.  We did get a $75K offer,
>>     and we agreed to sell it to her.
>>      
>>     The other thing we did was start at $74,500, because we were
>>     scared to start lower.  I'm sure this also contributed to fewer
>>     callers.  We arent' sure the current buyer is going to come
>>     through.  We should know by tonight.  If she doesn't, we are
>>     purchasing the third edition of the book, and doing it right! 
>>     We'll start at $49,500, and we'll utilize the other advertising
>>     methods discussed in the third edition.  I almost wish the fourth
>>     edition was already out, as I'm worried we are behind the times
>>     with the internet advertising. 
>>      
>>     I know I've gone on a long time, but I do have a question - can
>>     anyone point me to which internet advertising you all use.  I've
>>     never used anything but ebay to sell over the internet, and not
>>     for something like a house!    I'd just like to get a picture of
>>     how internet advertising works.  Thanks so much for sticking with
>>     my story!
>>
>>     Sue Pruett
>>     32950 Delhi Road
>>     Brighton, IL  62012
>>     618-372-3501
>>     Visit my blogs at http://www.thecharlottemasongirl.com/
>>     and http://www.illinoisgreenhome.com
>>     <http://www.illinoisgreenhome.com/>
>>     and http://parentingwithstyle.blogspot.com/
>>      
>>
>>     ------------------------------------------------------------------------
>>
>>     _______________________________________________
>>     5-DayForum mailing list
>>     5-DayForum at mailman.howtosellyourhomein5days.com
>>     http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>       
>
>
>     _______________________________________________
>     5-DayForum mailing list
>     5-DayForum at mailman.howtosellyourhomein5days.com
>     http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
> ------------------------------------------------------------------------
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From bill at effros.com  Wed Aug  5 10:34:07 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 05 Aug 2009 10:34:07 -0400
Subject: [5-DayForum] Had a sale last weekend
In-Reply-To: <SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>
References: <c61.5132d2a5.37aae225@aol.com>
	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>
Message-ID: <4A79985F.6090604@effros.com>

JCrafor,

Your home is in a place where it has become extremely difficult to sell 
homes -- at any price.  Nobody knows what they are worth at this time.  
List with an agent for a limited time period -- let's say 3 months.  See 
what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places 
will start to rise in selling price.  But other homes will never be sold 
at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote:
> I had only one response for the 5day from Craigslist, and more for the 
> standard open house on Craigslist.
> Was considering doing a 5day this coming weekend (in Tucson) but will 
> have a standard open house instead.  Sort of considering listing with 
> an agent...
> JCrafor
>  
> ------------------------------------------------------------------------
> From: Janetislight at aol.com
> Date: Wed, 5 Aug 2009 09:24:53 -0400
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Had a sale last weekend
>
> Yes, it would be interesting to know how to do this on Craigslist, 
> since I has zero responses from an ad placed as laid out in the book.
>  
> Janet
>  
>  
> In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, 
> bill at effros.com writes:
>
>     Sue,
>
>     You already understand most of what you've got to know.
>
>     The big change in the 4th edition is that it is now possible to
>     run a 5-Day sale with zero advertising cost.
>
>     All you need is Craigslist.
>
>     Start your home at $24,500.  I know.  It sounds crazy.
>
>     But you know you'll get more than 25 responses by Friday night,
>     and some people who say they will never leave St. Louis are going
>     to drive out just to see what's going on.  You will get the most
>     you can get for your home at the present time.
>
>     I have started at absurd prices many times. Literally a zillion
>     people show up, and you must be ready for them.  There is no
>     question that most of them cannot or will not pay what you are
>     hoping for.  But so what?  3 people who know what your home is
>     currently worth will pop out of the crowd, bid against each other,
>     and you will get the most you can get for your home on the weekend
>     you pick.
>
>     Enough people have computers so that you no longer have to take
>     telephone calls.  You can do everything on the web -- and the
>     response is instantaneous.
>
>     Prepare materials to email back to people before placing the ad. 
>     You can send pictures.  You can explain in detail how you will run
>     the sale.  Because you get to write it all out in advance, you can
>     be sure everyone gets the same information, and you can be sure
>     you have said exactly what you want to say.
>
>     I can't tell you exactly what materials to provide in response to
>     Craigslist inquiries because I don't know yet.  I do know you will
>     get an overwhelming number of responses, and virtually everyone
>     looking for a home like yours will know yours is available and
>     REALLY will be sold to the high bidder Sunday night.
>
>     Unlike Bill, your home can certainly be sold at this time.  Just
>     like Bill, you can know exactly what you've got to do in just 5
>     Days at no cost.
>
>     If you start to develop "stock" internet responses to Craigslist,
>     let us know what they are, and how they worked.
>
>     The Craigslist headline and body copy work differently than
>     newspaper 5-Day Ads.  Again, let us know what works.
>
>     Also, watch the resubmission rules -- you don't want' to get
>     frozen out of Craigslist in the middle of your 5-Day Sale.  I
>     generally try to run one ad starting Tuesday night and deleting
>     Thursday.  And an updating ad running Friday Saturday and Sunday. 
>     You should have 25 responses by Thursday night.
>
>     Let us know how it goes.  You're on the right track.
>
>     Bill Effros
>     Author
>
>
>
>     Sue Pruett wrote:
>
>         I am a big fan of this method.  We used the first book back in
>         1995 to sell our first house, and it worked great!  I always
>         knew we would use this method for our second house.  Well, the
>         time has come to sell our second house!  I purchased the book
>         just about a month ago.  However, I didn't realize there was a
>         third edition until about two weeks ago.  The seller didn't
>         inform me of this fact!  I'm sure there is a lot in the third
>         edition that would have been helpful to us!
>          
>         Well, here's where our story stands right now. 
>          
>         We live in Southern Illinois, across the Mississippi from St.
>         Louis.  Homes in our neighborhood have been selling in the
>         upper $80's in the past 4 months.  When we compare our home to
>         these, some things are better in ours, some are worse.  Ours
>         is larger than any of them.  We had hoped to get about $90K,
>         but would have been more than satisfied with $85K. 
>          
>         We tried the sale two weeks ago with ads in the only daily in
>         town.  We got 4 calls.  We postponed the sale.  We were able
>         to advertise in two weeklies, in addition to the daily.  We
>         broke a big rule - we only had 17 calls by Friday, but went
>         ahead with the sale.  At least 12 of our callers were so
>         excited about the house, we thought we were good to go.  Don't
>         break that rule!  We only had 5 families come to look, and
>         only two bidders, and one could not afford our starting
>         price.  We did get a $75K offer, and we agreed to sell it to her.
>          
>         The other thing we did was start at $74,500, because we were
>         scared to start lower.  I'm sure this also contributed to
>         fewer callers.  We arent' sure the current buyer is going to
>         come through.  We should know by tonight.  If she doesn't, we
>         are purchasing the third edition of the book, and doing it
>         right!  We'll start at $49,500, and we'll utilize the other
>         advertising methods discussed in the third edition.  I almost
>         wish the fourth edition was already out, as I'm worried we are
>         behind the times with the internet advertising. 
>          
>         I know I've gone on a long time, but I do have a question
>         - can anyone point me to which internet advertising you all
>         use.  I've never used anything but ebay to sell over the
>         internet, and not for something like a house!    I'd just like
>         to get a picture of how internet advertising works.  Thanks so
>         much for sticking with my story!
>
>         Sue Pruett
>         32950 Delhi Road
>         Brighton, IL  62012
>         618-372-3501
>         Visit my blogs at http://www.thecharlottemasongirl.com/
>         and http://www.illinoisgreenhome.com
>         <http://www.illinoisgreenhome.com/>
>         and http://parentingwithstyle.blogspot.com/
>          
>
>         ------------------------------------------------------------------------
>
>         _______________________________________________
>         5-DayForum mailing list
>         5-DayForum at mailman.howtosellyourhomein5days.com <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
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>
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> ------------------------------------------------------------------------
>
> ------------------------------------------------------------------------
> Get back to school stuff for them and cashback for you. Try BingT now. 
> <http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackToSchool_Cashback_BTSCashback_1x1> 
>
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From bill at effros.com  Wed Aug  5 10:41:01 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 05 Aug 2009 10:41:01 -0400
Subject: [5-DayForum] Had a sale last weekend
In-Reply-To: <SNT116-W30875CAE56ACF21EB2769AAE0D0@phx.gbl>
References: <c61.5132d2a5.37aae225@aol.com>	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>
	<SNT116-W30875CAE56ACF21EB2769AAE0D0@phx.gbl>
Message-ID: <4A7999FD.8010905@effros.com>

Jcrafor,

Just to clarify.  If you don't get responses from Craigslist offering 
your home for 1/2 what you believe it is currently worth, you've got a 
problem, and the problem is NOT Craigslist!

Your problem is that it is very difficult to sell homes in Tuscon right 
now, at any price.

Try the broker -- let us know what the broker has to say.  Will the 
broker take a 3 month listing?  It is easy for a broker to tell you they 
can get you a high price a year from now.  If the market goes up, maybe 
they will.  If the market does not go up the broker says "sorry--I 
thought the market would go up in a year and it didn't, but I'm SURE it 
will go up next year!  Let's lower the selling price on your home..."

Stay in touch.  You have been struggling with this for quite some time.

Bill Effros
Author

j crafor wrote:
> Wanted to clarify: I had only one response for the 5day from 
> Craigslist, and  ONLY TWO for the standard open house on Craigslist.
> Jcrafor
>
>  
> ------------------------------------------------------------------------
> From: jcrafor at hotmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Wed, 5 Aug 2009 13:44:40 +0000
> Subject: Re: [5-DayForum] Had a sale last weekend
>
> I had only one response for the 5day from Craigslist, and more for the 
> standard open house on Craigslist.
> Was considering doing a 5day this coming weekend (in Tucson) but will 
> have a standard open house instead.  Sort of considering listing with 
> an agent...
> JCrafor
>  
> ------------------------------------------------------------------------
> From: Janetislight at aol.com
> Date: Wed, 5 Aug 2009 09:24:53 -0400
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Had a sale last weekend
>
> Yes, it would be interesting to know how to do this on Craigslist, 
> since I has zero responses from an ad placed as laid out in the book.
>  
> Janet
>  
>  
> In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, 
> bill at effros.com writes:
>
>     Sue,
>
>     You already understand most of what you've got to know.
>
>     The big change in the 4th edition is that it is now possible to
>     run a 5-Day sale with zero advertising cost.
>
>     All you need is Craigslist.
>
>     Start your home at $24,500.  I know.  It sounds crazy.
>
>     But you know you'll get more than 25 responses by Friday night,
>     and some people who say they will never leave St. Louis are going
>     to drive out just to see what's going on.  You will get the most
>     you can get for your home at the present time.
>
>     I have started at absurd prices many times. Literally a zillion
>     people show up, and you must be ready for them.  There is no
>     question that most of them cannot or will not pay what you are
>     hoping for.  But so what?  3 people who know what your home is
>     currently worth will pop out of the crowd, bid against each other,
>     and you will get the most you can get for your home on the weekend
>     you pick.
>
>     Enough people have computers so that you no longer have to take
>     telephone calls.  You can do everything on the web -- and the
>     response is instantaneous.
>
>     Prepare materials to email back to people before placing the ad. 
>     You can send pictures.  You can explain in detail how you will run
>     the sale.  Because you get to write it all out in advance, you can
>     be sure everyone gets the same information, and you can be sure
>     you have said exactly what you want to say.
>
>     I can't tell you exactly what materials to provide in response to
>     Craigslist inquiries because I don't know yet.  I do know you will
>     get an overwhelming number of responses, and virtually everyone
>     looking for a home like yours will know yours is available and
>     REALLY will be sold to the high bidder Sunday night.
>
>     Unlike Bill, your home can certainly be sold at this time.  Just
>     like Bill, you can know exactly what you've got to do in just 5
>     Days at no cost.
>
>     If you start to develop "stock" internet responses to Craigslist,
>     let us know what they are, and how they worked.
>
>     The Craigslist headline and body copy work differently than
>     newspaper 5-Day Ads.  Again, let us know what works.
>
>     Also, watch the resubmission rules -- you don't want' to get
>     frozen out of Craigslist in the middle of your 5-Day Sale.  I
>     generally try to run one ad starting Tuesday night and deleting
>     Thursday.  And an updating ad running Friday Saturday and Sunday. 
>     You should have 25 responses by Thursday night.
>
>     Let us know how it goes.  You're on the right track.
>
>     Bill Effros
>     Author
>
>
>
>     Sue Pruett wrote:
>
>         I am a big fan of this method.  We used the first book back in
>         1995 to sell our first house, and it worked great!  I always
>         knew we would use this method for our second house.  Well, the
>         time has come to sell our second house!  I purchased the book
>         just about a month ago.  However, I didn't realize there was a
>         third edition until about two weeks ago.  The seller didn't
>         inform me of this fact!  I'm sure there is a lot in the third
>         edition that would have been helpful to us!
>          
>         Well, here's where our story stands right now. 
>          
>         We live in Southern Illinois, across the Mississippi from St.
>         Louis.  Homes in our neighborhood have been selling in the
>         upper $80's in the past 4 months.  When we compare our home to
>         these, some things are better in ours, some are worse.  Ours
>         is larger than any of them.  We had hoped to get about $90K,
>         but would have been more than satisfied with $85K. 
>          
>         We tried the sale two weeks ago with ads in the only daily in
>         town.  We got 4 calls.  We postponed the sale.  We were able
>         to advertise in two weeklies, in addition to the daily.  We
>         broke a big rule - we only had 17 calls by Friday, but went
>         ahead with the sale.  At least 12 of our callers were so
>         excited about the house, we thought we were good to go.  Don't
>         break that rule!  We only had 5 families come to look, and
>         only two bidders, and one could not afford our starting
>         price.  We did get a $75K offer, and we agreed to sell it to her.
>          
>         The other thing we did was start at $74,500, because we were
>         scared to start lower.  I'm sure this also contributed to
>         fewer callers.  We arent' sure the current buyer is going to
>         come through.  We should know by tonight.  If she doesn't, we
>         are purchasing the third edition of the book, and doing it
>         right!  We'll start at $49,500, and we'll utilize the other
>         advertising methods discussed in the third edition.  I almost
>         wish the fourth edition was already out, as I'm worried we are
>         behind the times with the internet advertising. 
>          
>         I know I've gone on a long time, but I do have a question
>         - can anyone point me to which internet advertising you all
>         use.  I've never used anything but ebay to sell over the
>         internet, and not for something like a house!    I'd just like
>         to get a picture of how internet advertising works.  Thanks so
>         much for sticking with my story!
>
>         Sue Pruett
>         32950 Delhi Road
>         Brighton, IL  62012
>         618-372-3501
>         Visit my blogs at http://www.thecharlottemasongirl.com/
>         and http://www.illinoisgreenhome.com
>         <http://www.illinoisgreenhome.com/>
>         and http://parentingwithstyle.blogspot.com/
>          
>
>         ------------------------------------------------------------------------
>
>         _______________________________________________
>         5-DayForum mailing list
>         5-DayForum at mailman.howtosellyourhomein5days.com <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>         http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>           
>
>
>
>     _______________________________________________
>     5-DayForum mailing list
>     5-DayForum at mailman.howtosellyourhomein5days.com
>     http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
> ------------------------------------------------------------------------
>
> ------------------------------------------------------------------------
> Get back to school stuff for them and cashback for you. Try BingT now. 
> <http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackToSchool_Cashback_BTSCashback_1x1>
> ------------------------------------------------------------------------
> Windows Live?: Keep your life in sync. Check it out. 
> <http://windowslive.com/explore?ocid=PID23384::T:WLMTAGL:ON:WL:en-US:NF_BR_sync:082009> 
>
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From jryantist at yahoo.com  Wed Aug  5 10:55:08 2009
From: jryantist at yahoo.com (Jamie Ryan)
Date: Wed, 5 Aug 2009 07:55:08 -0700 (PDT)
Subject: [5-DayForum] Anyone who has done this in Charlotte?
In-Reply-To: <002101ca1544$89df1b60$0302a8c0@your4105e587b6>
Message-ID: <705768.14445.qm@web54302.mail.re2.yahoo.com>

Thanks for the info so far - Rosemarie - how did your sale go? Did you get enough callers and did your home go for a good price?? I am located in Kannapolis, but close to Concord.? Its a great location, near the Carolina Mall and I85, but in a nice little neighborhood, so I'm hoping that will help with the sale.? 
~Jamie

--- On Tue, 8/4/09, Gina Herald <ginaherald at carolina.rr.com> wrote:


From: Gina Herald <ginaherald at carolina.rr.com>
Subject: Re: [5-DayForum] Anyone who has done this in Charlotte?
To: "'How To Sell Your Home in 5-Days'" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Tuesday, August 4, 2009, 4:45 PM








I tried one in Charlotte the last weekend in July for a condo in the Southpark area. I advertised on Craig?s list, the Charlotte Observer, Rock Hill Herald, Gaston Gazette and the Concord/Lake Norman papers as well.? Only had about 10-11 calls.? Not sure what the right method of advertising is in Charlotte .? I used a starting price of $124,500 on a condo w/a tax value of $311,000 (and I paid more than that for it) hoping to get at least 250K but did not get the number of calls that I needed.? Until I figure out the right way to inform the potential buyers in Charlotte I?m holding off on a 2nd try.
?
Love the book and the concept. First bought it back in 1997 when I lived in Baltimore and always wanted to try it.? 
?




From: 5-dayforum-bounces+ginaherald=carolina.rr.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+ginaherald=carolina.rr.com at mailman.howtosellyourhomein5days.com] On Behalf Of rosemarie-fred
Sent: Tuesday, August 04, 2009 3:50 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Anyone who has done this in Charlotte ?
?

I am in Charlotte .

I found the Observer expensive and not too productive. I used the Carolina Nickel, Creative Loafing, Charlotte Weekly, Skirt, and any other papers I could find!

Also I used Postlets.com, which posts your ad on many sites.

Where exactly are you?
Rosemarie


----- Original Message ----- 

From: Jamie Ryan 

To: 5-dayforum at mailman.howtosellyourhomein5days.com 

Sent: Tuesday, August 04, 2009 11:34 AM

Subject: [5-DayForum] Anyone who has done this in Charlotte ?

?





My husband and I are going to do a 5 day sale for our home near Charlotte , NC .? Has anyone done one around here?? What places are best for advertising, and does anyone have any additional tips?

Thanks!
?



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From juliegorman at bellsouth.net  Wed Aug  5 11:13:31 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Wed, 05 Aug 2009 15:13:31 +0000
Subject: [5-DayForum] Had a sale last weekend
In-Reply-To: <4A79985F.6090604@effros.com>
References: <c61.5132d2a5.37aae225@aol.com><SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>
	<4A79985F.6090604@effros.com>
Message-ID: <080520091513.13138.4A79A19A000DF5710000335222228869349B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

I have a quick question. I'm in the process of the 5 Day sale. I sent emails last night to all my friends on facebook and from my inbox; I received 6 phone calls so far from friends who are making inquiries for their friends. Do I count these as part of my 25 responses?

Thanks:
Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 
I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

Janet


In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 
I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

Well, here's where our story stands right now.  

We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/



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Get back to school stuff for them and cashback for you. Try BingT now. 

_______________________________________________
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From Janetislight at aol.com  Wed Aug  5 11:22:20 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Wed, 5 Aug 2009 11:22:20 EDT
Subject: [5-DayForum] Had a sale last weekend
Message-ID: <ccf.5804eb4f.37aafdac@aol.com>

I think you would count them if their friends call you.  Bill can tell  you 
what counts.  That's just my opinion.
 
Janet
 
 
In a message dated 8/5/2009 10:16:59 A.M. Central Daylight Time,  
juliegorman at bellsouth.net writes:




I have a quick question. I'm in the process of the 5 Day sale. I sent  
emails last night to all my friends on facebook and from my  inbox; I received 6 
phone calls so far from friends who are making  inquiries for their 
friends. Do I count these as part of my 25  responses?
 
Thanks:
Julie from Kentucky

--------------  Original message from Bill Effros <bill at effros.com>: 
--------------  

JCrafor,

Your home  is in a place where it has become extremely difficult to sell 
homes -- at  any price.  Nobody knows what they are worth at this time.  List  
with an agent for a limited time period -- let's say 3 months.  See  what 
happens.  Let us know.

I believe we are headed for a lot of  inflation.  Homes in some places will 
start to rise in selling  price.  But other homes will never be sold at any 
price.

Just my  opinion -- this is not my area of expertise.

Bill  Effros
Author

j crafor wrote:  
I had only one response for the 5day from Craigslist, and more for  the 
standard open house on Craigslist.
Was considering doing a 5day  this coming weekend (in Tucson) but will have 
a standard open house  instead.  Sort of considering listing with an  
agent...
JCrafor

 
____________________________________
From: _Janetislight at aol.com_ (mailto:Janetislight at aol.com) 
Date: Wed,  5 Aug 2009 09:24:53 -0400
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

Yes, it would be interesting to know how to do this on Craigslist,  since I 
has zero responses from an ad placed as laid out in the  book.
 
Janet
 
 
 
In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, 
_bill at effros.com_ (mailto:bill at effros.com)  writes:

Sue,

You  already understand most of what you've got to know.

The big  change in the 4th edition is that it is now possible to run a 
5-Day sale  with zero advertising cost.

All you need is  Craigslist.

Start your home at $24,500.  I know.  It  sounds crazy.

But you know you'll get more than 25 responses by  Friday night, and some 
people who say they will never leave St. Louis  are going to drive out just 
to see what's going on.  You will get  the most you can get for your home at 
the present time.

I have  started at absurd prices many times. Literally a zillion people 
show up,  and you must be ready for them.  There is no question that most of  
them cannot or will not pay what you are hoping for.  But so  what?  3 people 
who know what your home is currently worth will pop  out of the crowd, bid 
against each other, and you will get the most you  can get for your home on 
the weekend you pick.

Enough people have  computers so that you no longer have to take telephone 
calls.  You  can do everything on the web -- and the response is  
instantaneous.

Prepare materials to email back to people before  placing the ad.  You can 
send pictures.  You can explain in  detail how you will run the sale.  
Because you get to write it all  out in advance, you can be sure everyone gets 
the same information, and  you can be sure you have said exactly what you want 
to say.

I  can't tell you exactly what materials to provide in response to  
Craigslist inquiries because I don't know yet.  I do know you will  get an 
overwhelming number of responses, and virtually everyone looking  for a home like 
yours will know yours is available and REALLY will be  sold to the high bidder 
Sunday night.

Unlike Bill, your home can  certainly be sold at this time.  Just like 
Bill, you can know  exactly what you've got to do in just 5 Days at no cost.

If you  start to develop "stock" internet responses to Craigslist, let us 
know  what they are, and how they worked.

The Craigslist headline and  body copy work differently than newspaper 
5-Day Ads.  Again, let us  know what works.

Also, watch the resubmission rules -- you don't  want' to get frozen out of 
Craigslist in the middle of your 5-Day  Sale.  I generally try to run one 
ad starting Tuesday night and  deleting Thursday.  And an updating ad running 
Friday Saturday and  Sunday.  You should have 25 responses by Thursday 
night.

Let  us know how it goes.  You're on the right track.

Bill  Effros
Author



Sue Pruett wrote:  
I am a big fan of this method.  We used the first book  back in 1995 to 
sell our first house, and it worked great!   I always knew we would use this 
method for our second  house.  Well, the time has come to sell our second  
house!  I purchased the book just about a month ago.   However, I didn't 
realize there was a third edition until about  two weeks ago.  The seller didn't 
inform me of this  fact!  I'm sure there is a lot in the third edition that  
would have been helpful to us!
 
Well, here's where our story stands right now.  
 
We live in Southern Illinois, across the Mississippi from  St. Louis.  
Homes in our neighborhood have been selling in  the upper $80's in the past 4 
months.  When we compare our  home to these, some things are better in ours, 
some are  worse.  Ours is larger than any of them.  We had hoped  to get 
about $90K, but would have been more than satisfied with  $85K.  
 
We tried the sale two weeks ago with ads in the only daily  in town.  We 
got 4 calls.  We postponed the  sale.  We were able to advertise in two 
weeklies, in  addition to the daily.  We broke a big rule - we only had  17 calls 
by Friday, but went ahead with the sale.  At least  12 of our callers were 
so excited about the house, we thought we  were good to go.  Don't break that 
rule!  We only had  5 families come to look, and only two bidders, and one  
could not afford our starting price.  We did get a  $75K offer, and we 
agreed to sell it to her.
 
The other thing we did was start at $74,500, because we  were scared to 
start lower.  I'm sure this also  contributed to fewer callers.  We arent' sure 
the  current buyer is going to come through.  We should know by  tonight.  
If she doesn't, we are purchasing the third  edition of the book, and doing 
it right!  We'll start at  $49,500, and we'll utilize the other advertising 
methods  discussed in the third edition.  I almost wish the fourth  edition 
was already out, as I'm worried we are behind the times  with the internet 
advertising.  
 
I know I've gone on a long time, but I do have a  question - can anyone 
point me to which internet  advertising you all use.  I've never used anything 
but ebay  to sell over the internet, and not for something like a  house!    
I'd just like to get a picture of how  internet advertising works.  Thanks 
so much for sticking  with my story!


Sue  Pruett
32950 Delhi  Road
Brighton, IL   62012
618-372-3501
Visit my blogs at  _http://www.thecharlottemasongirl.com/_ 
(http://www.thecharlottemasongirl.com/) 
and _http://www.illinoisgreenhome.com_ (http://www.illinoisgreenhome.com/) 
and _http://parentingwithstyle.blogspot.com/_ 
(http://parentingwithstyle.blogspot.com/) 
 
 
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Get back to school stuff for them and cashback for you. _Try BingT now._ 
(http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackToS
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From artchr61 at yahoo.com  Wed Aug  5 12:13:32 2009
From: artchr61 at yahoo.com (Leslie Michaels)
Date: Wed, 5 Aug 2009 09:13:32 -0700 (PDT)
Subject: [5-DayForum] FEAR
In-Reply-To: <4A7980C1.40203@effros.com>
References: <954750.90828.qm@web30201.mail.mud.yahoo.com>
	<030b01ca153e$b5d6f680$6801a8c0@FAMILYROOM>
	<689981.77496.qm@web59507.mail.ac4.yahoo.com>
	<4A7980C1.40203@effros.com>
Message-ID: <174178.97429.qm@web80608.mail.mud.yahoo.com>

I'm not quite sure what to make of all this right now. I know in?my neighborhood homes are selling and have sold in the 400,000-550,000 range. Some homes in my town are selling currently for quite a bit more, so this is not one of the depressed areas.? (I am in the north suburbs of Chicago) 
I tried the 5 day sale and listed my house in 3 major papers, Craigslist, and Kijiji. The newspapers are not only in print, but online versions as well. I followed Bill's layout exactly.? I have been told by 2?realtors that my home is worth about 500,000 in today's market; it would have been closer to 600,000 a few years ago. I listed my house for 249,500 (magic number!) but got no repsonses from any internet advertising, only from the newspapers. I got 8 calls from people, told them about my house and then emailed to them further information if they wanted more.? I ended up changing my 5 day sale to a traditional open house and informed the 8 people that contacted me about the change. Only 1 of those people showed up a my open house. >From signs I put out on the street I got an additional 6 families.
From what I've read here on the forum, NO ONE is getting responses from Craigslist. Craigslist is not for people looking to spend a large amount of money. Craigslist is for people looking for deals on stuff, not real estate (not to mention all the scams?on Craigslist) I have only had luck on Craigslist when I am selling stuff at a bargain price or giving things away to clean out my garage. That's it.
Bill, if you think that Craigslist is the answer, you're on the wrong track. I don't think anyone here at the forum has had ANY success with Craigslist. And I think that putting a ridiculously low price on the house would just make people suspicious about scams and run down foreclosures, especially on Craigslist.

Leslie




________________________________
From: Bill Effros <bill at effros.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, August 5, 2009 7:53:21 AM
Subject: Re: [5-DayForum] FEAR

Gary,

What is the rest of this story?

What do you think these properties are currently worth?

Let's start with property 2.

You had a complete failure with property 1 but you decided to try property 2 anyhow.

You imply it is worth at least $300,000, which would mean your starting price was $149,500.? 22 people showed up, you got 11 bids, and the highest one was $75,000.

I've been running 5 Day Sales for more than 20 years, and I've never heard of a single instance where people followed the method and the best price they were offered was 50% of a starting price that was 50% of current market value.

By the way, what did you pay for the property, and when did you buy it?

This Forum seems to have attracted a lot of speculators who paid more for properties than they are worth, and now want to blame the market for their miscalculations.

The successful speculators are making a fortune using the 5-Day Method, and many use it exclusively.? I hear from them constantly--many are selling multiple properties every single weekend.? They know what to pay, and they immediately turn around and sell.? If you look back in the archives, some of them pop up once or twice, but basically they have neither time nor interest in explaining what they are doing.? If you paid too much for the properties you are trying to sell, neither the? 5-Day Method nor anything else is going to bail you out.

Bill Effros
Author



Gary Noel wrote: 
Bill, have you run a 5 day sale in the last month?? I have!? A townhouse where nothing sold in the complex for less than $150,000 in the last 3 months, 6 months or year.? That includes the bank (trashed) REO's that sold in the complex.? There are two?properties that were listed on the MLS for $189,000 that are currently under contract.? We did the 5 day and the highest bid we received was $94,000.? The property is in great condition but yet the highest bid was $94,000.? By the way the trashed REO that sold less than 2 months ago sold for $150,000.? I don't remember how many window were broken nor the number of holes in the wall, etc.
>
>And property number 2 we did a 5 day this last weekend.? No model like this sold for under $300,000 and the last one that sold was for $469,000 in this area.? The highest bid we received was $75,000.? We had a lot more than the 25 minimum calls, 22 people show up, 11 people put bid amounts and a high bid of $75,000 Sunday night.
>
>Let me know how your 5 day goes.
>
>
>
>
________________________________
From: Bill Barks <barks4444 at comcast.net>
>To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
>Sent: Tuesday, August 4, 2009 3:04:01 PM
>Subject: Re: [5-DayForum] FEAR
>
>I disagree that the process is not working.? I think it is working.? The 
>discrepancy in the price delivered through the 5-day sale and the price 
>expected by the seller is that? there aren't buyers out there willing to pay 
>what the seller thinks it is worth.? therefore the seller is wrong in their 
>estimation.? In any market the house is only worth what someone is willing 
>to pay for it.? So in fact the process is working .? it is identifying what 
>the house is worth in your market at the time the sale is run.? Likely the 
>number is what it sold for 10-12 years ago before the unjustified run-up in 
>housing prices. -the bubble.
>
>Some experts say the sub-prime mess is nothing compared to the "prime mess 
>we are about to see.
>
>I am having first hand experience with this - a 1.2 million dollar purchase 
>in Nov '06 of 300' of western-facing waterfront - with a 2900'sq ft well 
>constructed fully remodeled ranch house and 650' sq ft guest house. in a 
>rural area of the Puget? Sound region of Western Washington state,. 
>Currently there are 32 homes on the market in my price range with only 2 
>sales since March.? ? Other than a 5-day sale, which I plan to run next 
>week,? it is very difficult to ascertain the value of a property.? I ran 
>some hypothetical "bargain" # s by a realtor in the area for 27 years --I 
>asked " what about $ 850,000 ?- would that get buyers excited ?- his reply 
>was "join the club, there are homes currently listed at 1/2 of what they 
>were listed 1 year ago--and no interest.? the buyers just aren't there".
>
>That is the real FEAR issue- buyers a afraid to buy what may likely turn out 
>to be a depreciating liability , rather than an asset.? And what bank would 
>want to loan in that situation?
>
>So run the 5-day sale --to the book...and there will be your answer as to 
>what your house is worth....and then make your plan accordingly --rather 
>than on what you "wish" your home would sell for.
>
>
>
>
>----- Original Message ----- 
>From: "Steven Herbert" <sterbert at yahoo.com>
>To: "How To Sell Your Home in 5-Days" 
><5-dayforum at mailman.howtosellyourhomein5days.com>
>Sent: Tuesday, August 04, 2009 12:06 PM
>Subject: Re: [5-DayForum] FEAR
>
>
>I'm a little irritated. The BOOK claims that you can get the best possible 
>price by using Bill's method--that hasn't been the case on this forum, for a 
>long while). So SUCCESSES are being defined as any sell for any price ("at 
>least you got an offer" kind of success).
>
>Knowing the best advertising in your area is a complicated process. 
>Advertising rules have changed in Tacoma--Seattle area (1 newspaper just 
>retired itself) and few hits came from Craigslist. No system is perfect so I 
>don't believe as religious truth that "3 real buyers" will show up if you 
>price the house at 50% ... b/c folks actually believe that 50% is a 
>possiblity.
>
>Just my thoughts and opinions. I'm here on the forum listening for info but 
>I listed w/flat-fee MLS just recently.
>
>Steven
>
>
>--- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com> wrote:
>
>> From: Gary Noel <gnoel88 at yahoo.com>
>> Subject: Re: [5-DayForum] FEAR
>> To: "How To Sell Your Home in 5-Days" 
>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Date: Tuesday, August 4, 2009, 1:53 PM
>> Hi
>> Rosemarie,
>>
>> You mentioned something about having two successful
>> auctions. Can you share with us what you did to have
>> such a wonderful experience? I've personally tried
>> two so far and advertised in many ways Bills'
>> doesn't mention. For example, passing out flyers
>> and putting up signs on street corners. In tracking
>> the calls very few came from the newspaper and internet
>> while most all came from the flyers and signs. Even
>> though I had 22 people come to the auction with 11 initial
>> biders, the top bid was about one third of the current
>> value. So my question to anyone who can help is: what
>> can be done to get the bid up to a little closer to market
>> value? Nothing in the area has sold for less than four
>> times the highest bid we received on this model.
>>
>>
>>
>>
>>
>> From:
>> rosemarie-fred <rosemarie-fred at mindspring.com>
>> To: How To
>> Sell Your Home in 5-Days
>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Sent:
>> Tuesday, August 4, 2009 7:01:56 AM
>> Subject: Re:
>> [5-DayForum] FEAR
>>
>>
>> #yiv206810613 DIV {
>> MARGIN:0px;}
>>
>>
>> Leslie -
>> There are lots of success
>> stories. You haven't been on this forum very long, or
>> you would know that Bill does read it and weighs in when he
>> thinks it's worth it. Since this forum is about his
>> methods, I think we should be a little more polite about it,
>> at least!
>> I have had two successful
>> sales, and am planning another. If you read the archives you
>> will find plenty of them.
>> There are factors that
>> affect how things work that have nothing to do with the
>> book, but Bill always says that if you run the sale
>> according to his methods you will find out the value of the
>> house to the marketplace at that time. The 5-day sale is
>> usually ahead of the rest of the market.
>> Bill is now working on the
>> fourth edition, which may be why we are not hearing from him
>> as much as usual. I know we are all interested to know what
>> he will change. I know there will be more emphasis on
>> internet advertising.
>> Let us know if you are
>> successful with the realtor.
>> Rosemarie
>>
>> ----- Original Message -----
>>
>> From: Leslie Michaels
>>
>> To: How
>> To Sell Your Home in 5-Days
>> Sent: Monday, August
>> 03, 2009 11:39 PM
>> Subject: Re:
>> [5-DayForum] FEAR
>>
>>
>>
>> I would have to say that the book is very out dated
>> for this real estate economy. I have yet to hear of any real
>> positive feedback in favor of the book and the methods it
>> promotes. I think the forum is a great way to find out what
>> really works, not what Bill Effros wrote...(maybe he should
>> be reading this forum as well!) I followed the
>> book with regards to newspaper ads and some signs but it was
>> very disappointing. I spent nearly 600.00 in advertising
>> with nothing to show. Flyers probably wouldn't work in
>> my area since most people around here just throw them away.
>> I live in an upper middle class town near Chicago and
>> I've tried the flat fee MLS with some showings and no
>> offers, Bill's book with no success at all, and now
>> I'm going with a full service realtor at the end of
>> the month. Homes in my area are selling with full
>> service realtors, so I'm going that route and hopefully
>> I can sell my house by the end of the year. I
>>? personally won't waste any more time or money with
>> Bill's plan, but if anyone out there has a good success
>> story, I'd love to hear it!!
>>
>> Leslie
>>
>>
>>
>>
>> From: Gary
>> Noel <gnoel88 at yahoo.com>
>> To: How To
>> Sell Your Home in 5-Days
>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Sent: Monday,
>> August 3, 2009 10:25:42 PM
>> Subject: Re:
>> [5-DayForum] FEAR
>>
>>
>>
>> Actually I'm not sure when would be the best time
>> to have the auction. But I will add this. The
>> flyers and signs were by far the biggest draw.
>> We'll figure out what works and what doesn't.
>> It may be just doing something completely different that the
>> book does have in it.
>>
>>
>>
>>
>>
>> From:
>> Stephanie Glazar <sglazar at yahoo.com>
>> To: How To
>> Sell Your Home in 5-Days
>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Sent: Monday,
>> August 3, 2009 6:57:58 PM
>> Subject: Re:
>> [5-DayForum] FEAR
>>
>>
>>
>>
>>
>>
>> Thanks for your story Gary!
>> After sending the email, I've had some time to
>> think. The truly scary thing would be to be stuck with
>> the property for another winter with the 200 dollar monthly
>> heating bill and the 600 dollar mortgage and the garbage
>> bill, taxes, etc.! I'm here at a Panera's
>> reading the book from cover to cover. I had just read
>> enough to be interested. My realtor showed my home to
>> only 3 people in a year.....actually, it was one until I
>> complained and in June 2 more people were shown my
>> home. I got out of my contract and the
>> home's got to go. I like your idea about
>> flyers in the neighborhood. I'm going to do that!
>>
>>
>> I was aiming for the end of August. Do you
>> suppose that's a better date than the first week of
>> September?
>> Stephanie
>>
>>
>>
>>
>>
>>
>> Stephanie S.
>> Glazar
>> 412-443-5670
>> (cell)
>> sglazar at yahoo.com
>>
>> --- On Mon, 8/3/09, Gary Noel
>> <gnoel88 at yahoo.com> wrote:
>>
>>
>> From: Gary Noel <gnoel88 at yahoo.com>
>> Subject: Re: [5-DayForum] FEAR
>> To: "How To Sell Your Home in 5-Days"
>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Date: Monday, August 3, 2009, 6:06 PM
>>
>>
>>
>>
>>
>>
>> Hi Stephanie,
>>
>> We did 2 round robin auctions, one this last week end
>> and th other two week ends ago. The first
>> one was a townhouse in great condition. Nothing in the
>> complex has sold under $150,000. Our highest offer was
>> $94,000. The other property needed work but when fixed
>> up would be worth in the $300's. I don't even
>> want to tell you what the highest offer was.
>>
>> We passed out 1500 flyers door to door, put an ad in
>> the paper, put signs on just about every street corner for
>> blocks around the property, had a large orange sign in front
>> of the property, rented a wind dancer to draw attention, had
>> about 8 other signs in front of the property, had the strip
>> of flags streched out. Yah, it was a little
>> disappointing. But we will probably try it again on
>> another property and try a few things differently to see if
>> we can get better results. I believe this method
>> should work. I just don't know what the missing
>> link is yet.
>>
>>
>> Gary
>>
>>
>>
>>
>>
>> From:
>> Stephanie Glazar <sglazar at yahoo.com>
>> To:
>> 5-dayforum at howtosellyourhomein5days.com
>> Sent: Sunday,
>> August 2, 2009 11:19:20 PM
>> Subject:
>> [5-DayForum] FEAR
>>
>>
>>
>>
>>
>>
>> 5-day forum,
>> I am frightened that we will sell our house for much
>> much less than what it is worth because of the market.
>> My realtor only showed my home to 3 people in a year.
>> I fought to have my contract voided because of that and
>> won. Last year, August 2008, I had hopes of selling my
>> home for $55,000. According to the book, I should set
>> the price at one-half that, at $27,000 and then drop down to
>> the magic 500 number, so my ad should read $26,500. I
>> am very worried that this would be what my house would sell
>> at. I need $23,300.00 to pay off the home equity loan
>> attached to the home.
>>
>> The book I bought was copyrighted, 2007. Does
>> this method hold true for this terrible real estate market
>> in 2009? I would appreciate any positive comment.
>>
>> Stephanie
>>
>>
>>
>>
>>
>> Stephanie S.
>> Glazar
>> 412-443-5670
>> (cell)
>>
>>
>> sglazar at yahoo.com
>>
>>
>> -----Inline Attachment Follows-----
>>
>>
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>> 5-DayForum at mailman.howtosellyourhomein5days.com
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>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>> _______________________________________________
>> 5-DayForum mailing list
>> 5-DayForum at mailman.howtosellyourhomein5days.com
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From Janetislight at aol.com  Wed Aug  5 16:02:06 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Wed, 5 Aug 2009 16:02:06 EDT
Subject: [5-DayForum] FEAR
Message-ID: <c9c.4b04fc80.37ab3f3e@aol.com>

This was my experience Exactly!  I did sell a home on Craigslist  before, 
but it was at market price.  I'm sure those that saw my price on  this last 
property just thought it was bull and moved on because no way would  even a 
foreclosure sell for that amount in the neighborhood that my house was  in.  
If this next book is going to be about Craigslist only..... I'm not  buying 
it.
 
Janet
 
 
In a message dated 8/5/2009 11:27:00 A.M. Central Daylight Time,  
artchr61 at yahoo.com writes:

 
I'm not quite sure what to make of all this right now. I know in my  
neighborhood homes are selling and have sold in the 400,000-550,000 range.  Some 
homes in my town are selling currently for quite a bit more, so this is  not 
one of the depressed areas.  (I am in the north suburbs of Chicago)  
I tried the 5 day sale and listed my house in 3 major papers, Craigslist,  
and Kijiji. The newspapers are not only in print, but online versions as 
well.  I followed Bill's layout exactly.  I have been told by 2 realtors  that 
my home is worth about 500,000 in today's market; it would have been  closer 
to 600,000 a few years ago. I listed my house for 249,500 (magic  number!) 
but got no repsonses from any internet advertising, only from the  
newspapers. I got 8 calls from people, told them about my house and then  emailed to 
them further information if they wanted more.  I ended up  changing my 5 day 
sale to a traditional open house and informed the 8 people  that contacted 
me about the change. Only 1 of those people showed up a my open  house. From 
signs I put out on the street I got an additional 6  families.
>From what I've read here on the forum, NO ONE is getting responses from  
Craigslist. Craigslist is not for people looking to spend a large amount of  
money. Craigslist is for people looking for deals on stuff, not real estate  
(not to mention all the scams on Craigslist) I have only had luck on  
Craigslist when I am selling stuff at a bargain price or giving things away to  
clean out my garage. That's it.
Bill, if you think that Craigslist is the answer, you're on the wrong  
track. I don't think anyone here at the forum has had ANY success with  
Craigslist. And I think that putting a ridiculously low price on the house  would 
just make people suspicious about scams and run down foreclosures,  especially 
on Craigslist.
 
Leslie


 
____________________________________
 From: Bill Effros  <bill at effros.com>
To:  How To Sell Your Home in 5-Days  
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, August 5, 2009 7:53:21  AM
Subject: Re: [5-DayForum]  FEAR

Gary,

What is the rest of this  story?

What do you think these properties are currently  worth?

Let's start with property 2.

You had a complete failure  with property 1 but you decided to try property 
2 anyhow.

You imply it  is worth at least $300,000, which would mean your starting 
price was  $149,500.  22 people showed up, you got 11 bids, and the highest 
one was  $75,000.

I've been running 5 Day Sales for more than 20 years, and I've  never heard 
of a single instance where people followed the method and the best  price 
they were offered was 50% of a starting price that was 50% of current  market 
value.

By the way, what did you pay for the property, and when  did you buy it?

This Forum seems to have attracted a lot of speculators  who paid more for 
properties than they are worth, and now want to blame the  market for their 
miscalculations.

The successful speculators are making  a fortune using the 5-Day Method, 
and many use it exclusively.  I hear  from them constantly--many are selling 
multiple properties every single  weekend.  They know what to pay, and they 
immediately turn around and  sell.  If you look back in the archives, some of 
them pop up once or  twice, but basically they have neither time nor 
interest in explaining what  they are doing.  If you paid too much for the 
properties you are trying  to sell, neither the  5-Day Method nor anything else is 
going to bail you  out.

Bill Effros
Author



Gary Noel wrote:  
 
Bill, have you run a 5 day sale in the last month?  I have!   A townhouse 
where nothing sold in the complex for less than $150,000 in the  last 3 
months, 6 months or year.  That includes the bank (trashed)  REO's that sold in 
the complex.  There are two properties that  were listed on the MLS for 
$189,000 that are currently under contract.   We did the 5 day and the highest 
bid we received was $94,000.  The  property is in great condition but yet the 
highest bid was $94,000.  By  the way the trashed REO that sold less than 2 
months ago sold for  $150,000.  I don't remember how many window were broken 
nor the number  of holes in the wall, etc.
 
And property number 2 we did a 5 day this last weekend.  No model  like 
this sold for under $300,000 and the last one that sold was for  $469,000 in 
this area.  The highest bid we received was $75,000.   We had a lot more than 
the 25 minimum calls, 22 people show up, 11 people  put bid amounts and a 
high bid of $75,000 Sunday night.
 
Let me know how your 5 day goes.


 
____________________________________
 From: Bill Barks _<barks4444 at comcast.net>_ (mailto:barks4444 at comcast.net) 
To: How To Sell Your Home in 5-Days 
_<5-dayforum at mailman.howtosellyourhomein5days.com>_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Sent: Tuesday, August 4, 2009 3:04:01  PM
Subject: Re:  [5-DayForum] FEAR

I disagree that the process is not  working.  I think it is working.  The 
discrepancy in the price  delivered through the 5-day sale and the price 
expected by the seller is  that  there aren't buyers out there willing to 
pay 
what the seller  thinks it is worth.  therefore the seller is wrong in 
their  
estimation.  In any market the house is only worth what someone is  willing 
to pay for it.  So in fact the process is working .   it is identifying 
what 
the house is worth in your market at the time the  sale is run.  Likely the 
number is what it sold for 10-12 years ago  before the unjustified run-up 
in 
housing prices. -the  bubble.

Some experts say the sub-prime mess is nothing compared to  the "prime mess 
we are about to see.

I am having first hand  experience with this - a 1.2 million dollar 
purchase 
in Nov '06 of 300'  of western-facing waterfront - with a 2900'sq ft well 
constructed fully  remodeled ranch house and 650' sq ft guest house. in a 
rural area of the  Puget  Sound region of Western Washington state,. 
Currently there  are 32 homes on the market in my price range with only 2 
sales since  March.    Other than a 5-day sale, which I plan to run next  
week,  it is very difficult to ascertain the value of a  property.  I ran 
some hypothetical "bargain" # s by a realtor in  the area for 27 years --I 
asked " what about $ 850,000 ?- would that get  buyers excited ?- his reply 
was "join the club, there are homes  currently listed at 1/2 of what they 
were listed 1 year ago--and no  interest.  the buyers just aren't there".

That is the real FEAR  issue- buyers a afraid to buy what may likely turn 
out 
to be a  depreciating liability , rather than an asset.  And what bank 
would  
want to loan in that situation?

So run the 5-day sale --to the  book...and there will be your answer as to 
what your house is  worth....and then make your plan accordingly --rather 
than on what you  "wish" your home would sell for.




----- Original Message  ----- 
From: "Steven Herbert" <_sterbert at yahoo.com_ (mailto:sterbert at yahoo.com) >
To: "How  To Sell Your Home in 5-Days" 
<_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
Sent:  Tuesday, August 04, 2009 12:06 PM
Subject: Re: [5-DayForum]  FEAR


I'm a little irritated. The BOOK claims that you can get the  best possible 
price by using Bill's method--that hasn't been the case on  this forum, for 
a 
long while). So SUCCESSES are being defined as any  sell for any price ("at 
least you got an offer" kind of  success).

Knowing the best advertising in your area is a complicated  process. 
Advertising rules have changed in Tacoma--Seattle area (1  newspaper just 
retired itself) and few hits came from Craigslist. No  system is perfect so 
I 
don't believe as religious truth that "3 real  buyers" will show up if you 
price the house at 50% ... b/c folks  actually believe that 50% is a 
possiblity.

Just my thoughts and  opinions. I'm here on the forum listening for info 
but 
I listed  w/flat-fee MLS just recently.

Steven


--- On Tue, 8/4/09,  Gary Noel <_gnoel88 at yahoo.com_ 
(mailto:gnoel88 at yahoo.com) >  wrote:

> From: Gary Noel <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >
>  Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in 5-Days"  
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Date: Tuesday, August 4, 2009, 1:53 PM
> Hi
>  Rosemarie,
>
> You mentioned something about having two  successful
> auctions. Can you share with us what you did to  have
> such a wonderful experience? I've personally tried
> two  so far and advertised in many ways Bills'
> doesn't mention. For  example, passing out flyers
> and putting up signs on street corners.  In tracking
> the calls very few came from the newspaper and  internet
> while most all came from the flyers and signs. Even
>  though I had 22 people come to the auction with 11 initial
> biders,  the top bid was about one third of the current
> value. So my question  to anyone who can help is: what
> can be done to get the bid up to a  little closer to market
> value? Nothing in the area has sold for less  than four
> times the highest bid we received on this  model.
>
>
>
>
>
> From:
>  rosemarie-fred <_rosemarie-fred at mindspring.com_ 
(mailto:rosemarie-fred at mindspring.com) >
>  To: How To
> Sell Your Home in 5-Days
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Sent:
> Tuesday, August 4, 2009 7:01:56 AM
> Subject:  Re:
> [5-DayForum] FEAR
>
>
> #yiv206810613 DIV  {
> MARGIN:0px;}
>
>
> Leslie -
> There are  lots of success
> stories. You haven't been on this forum very long,  or
> you would know that Bill does read it and weighs in when  he
> thinks it's worth it. Since this forum is about his
>  methods, I think we should be a little more polite about it,
> at  least!
> I have had two successful
> sales, and am planning  another. If you read the archives you
> will find plenty of  them.
> There are factors that
> affect how things work that  have nothing to do with the
> book, but Bill always says that if you  run the sale
> according to his methods you will find out the value of  the
> house to the marketplace at that time. The 5-day sale is
>  usually ahead of the rest of the market.
> Bill is now working on  the
> fourth edition, which may be why we are not hearing from  him
> as much as usual. I know we are all interested to know  what
> he will change. I know there will be more emphasis on
>  internet advertising.
> Let us know if you are
> successful with  the realtor.
> Rosemarie
>
> ----- Original Message  -----
>
> From: Leslie Michaels
>
> To: How
>  To Sell Your Home in 5-Days
> Sent: Monday, August
> 03, 2009  11:39 PM
> Subject: Re:
> [5-DayForum]  FEAR
>
>
>
> I would have to say that the book is  very out dated
> for this real estate economy. I have yet to hear of  any real
> positive feedback in favor of the book and the methods  it
> promotes. I think the forum is a great way to find out  what
> really works, not what Bill Effros wrote...(maybe he  should
> be reading this forum as well!) I followed the
> book  with regards to newspaper ads and some signs but it was
> very  disappointing. I spent nearly 600.00 in advertising
> with nothing to  show. Flyers probably wouldn't work in
> my area since most people  around here just throw them away.
> I live in an upper middle class  town near Chicago and
> I've tried the flat fee MLS with some showings  and no
> offers, Bill's book with no success at all, and now
>  I'm going with a full service realtor at the end of
> the month. Homes  in my area are selling with full
> service realtors, so I'm going that  route and hopefully
> I can sell my house by the end of the year.  I
>  personally won't waste any more time or money with
>  Bill's plan, but if anyone out there has a good success
> story, I'd  love to hear it!!
>
>  Leslie
>
>
>
>
> From: Gary
> Noel  <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >
> To: How  To
> Sell Your Home in 5-Days
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Sent: Monday,
> August 3, 2009 10:25:42 PM
> Subject:  Re:
> [5-DayForum] FEAR
>
>
>
> Actually I'm  not sure when would be the best time
> to have the auction. But I will  add this. The
> flyers and signs were by far the biggest draw.
>  We'll figure out what works and what doesn't.
> It may be just doing  something completely different that the
> book does have in  it.
>
>
>
>
>
> From:
> Stephanie  Glazar <_sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) >
> To: How  To
> Sell Your Home in 5-Days
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Sent: Monday,
> August 3, 2009 6:57:58 PM
> Subject: Re:
>  [5-DayForum] FEAR
>
>
>
>
>
>
>  Thanks for your story Gary!
> After sending the email, I've had some  time to
> think. The truly scary thing would be to be stuck  with
> the property for another winter with the 200 dollar  monthly
> heating bill and the 600 dollar mortgage and the  garbage
> bill, taxes, etc.! I'm here at a Panera's
> reading  the book from cover to cover. I had just read
> enough to be  interested. My realtor showed my home to
> only 3 people in a  year.....actually, it was one until I
> complained and in June 2 more  people were shown my
> home. I got out of my contract and the
>  home's got to go. I like your idea about
> flyers in the neighborhood.  I'm going to do that!
>
>
> I was aiming for the end of  August. Do you
> suppose that's a better date than the first week  of
> September?
>  Stephanie
>
>
>
>
>
>
> Stephanie  S.
> Glazar
> 412-443-5670
> (cell)
> _sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) 
>
> ---  On Mon, 8/3/09, Gary Noel
> <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >  wrote:
>
>
> From: Gary Noel <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >
>  Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in  5-Days"
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Date: Monday, August 3, 2009, 6:06  PM
>
>
>
>
>
>
> Hi  Stephanie,
>
> We did 2 round robin auctions, one this last week  end
> and th other two week ends ago. The first
> one was a  townhouse in great condition. Nothing in the
> complex has sold under  $150,000. Our highest offer was
> $94,000. The other property needed  work but when fixed
> up would be worth in the $300's. I don't  even
> want to tell you what the highest offer was.
>
> We  passed out 1500 flyers door to door, put an ad in
> the paper, put  signs on just about every street corner for
> blocks around the  property, had a large orange sign in front
> of the property, rented a  wind dancer to draw attention, had
> about 8 other signs in front of  the property, had the strip
> of flags streched out. Yah, it was a  little
> disappointing. But we will probably try it again on
>  another property and try a few things differently to see if
> we can  get better results. I believe this method
> should work. I just don't  know what the missing
> link is yet.
>
>
>  Gary
>
>
>
>
>
> From:
> Stephanie  Glazar <_sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) >
>  To:
> _5-dayforum at howtosellyourhomein5days.com_ 
(mailto:5-dayforum at howtosellyourhomein5days.com) 
>  Sent: Sunday,
> August 2, 2009 11:19:20 PM
> Subject:
>  [5-DayForum] FEAR
>
>
>
>
>
>
>  5-day forum,
> I am frightened that we will sell our house for  much
> much less than what it is worth because of the market.
>  My realtor only showed my home to 3 people in a year.
> I fought to  have my contract voided because of that and
> won. Last year, August  2008, I had hopes of selling my
> home for $55,000. According to the  book, I should set
> the price at one-half that, at $27,000 and then  drop down to
> the magic 500 number, so my ad should read $26,500.  I
> am very worried that this would be what my house would  sell
> at. I need $23,300.00 to pay off the home equity loan
>  attached to the home.
>
> The book I bought was copyrighted,  2007. Does
> this method hold true for this terrible real estate  market
> in 2009? I would appreciate any positive  comment.
>
>  Stephanie
>
>
>
>
>
> Stephanie  S.
> Glazar
> 412-443-5670
>  (cell)
>
>
> _sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) 
>
>
>  -----Inline Attachment Follows-----
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>  
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>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>  _______________________________________________
> 5-DayForum mailing  list
> _5-DayForum at mailman.howtosellyourhomein5days.com_ 
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From jcrafor at hotmail.com  Wed Aug  5 16:19:56 2009
From: jcrafor at hotmail.com (j crafor)
Date: Wed, 5 Aug 2009 20:19:56 +0000
Subject: [5-DayForum] Tucson Agents will not list for 3 months
In-Reply-To: <4A79985F.6090604@effros.com>
References: <c61.5132d2a5.37aae225@aol.com>
	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>
	<4A79985F.6090604@effros.com>
Message-ID: <SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl>


Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 

 

That IS correct, which is why I decided to do FSBO. 

 

The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....

No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 


I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.
 
Janet
 
 

In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 





I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!
 
Well, here's where our story stands right now.  
 
We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  
 
We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.
 
The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  
 
I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/
 
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From Janetislight at aol.com  Wed Aug  5 16:33:09 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Wed, 5 Aug 2009 16:33:09 EDT
Subject: [5-DayForum] Tucson Agents will not list for 3 months
Message-ID: <ca5.46efb948.37ab4685@aol.com>

I pulled my house from my realtor for the 5-day sale.  He was even a  
greeter.  He had no problem with it.  He has worked with me on several  houses, 
so maybe he felt he owed me one.
 
Janet
 
 
In a message dated 8/5/2009 3:29:38 P.M. Central Daylight Time,  
jcrafor at hotmail.com writes:

Agents  here will NOT list for 3 months, unless there is an automatic 3 
month  extension. THEN, according to one contract I read, there is ANOTHER 
three  months beyond that that the seller cannot sell to anyone without giving 
the  agent a commission, UNLESS it was re-listed with another agent. This was 
a  contract from the agent that I had been working with for 15 years.  

That IS correct, which is why I decided to do FSBO.  

The last agent that I talked to, showed the house to at the  open houes, 
immediately wanted to list it, 7.5% commission, 9 month  listing....
No thanks. 

 
____________________________________
Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To:  5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum]  Had a sale last weekend

JCrafor,

Your home is in a place  where it has become extremely difficult to sell 
homes -- at any price.   Nobody knows what they are worth at this time.  List 
with an agent for a  limited time period -- let's say 3 months.  See what 
happens.  Let  us know.

I believe we are headed for a lot of inflation.  Homes in  some places will 
start to rise in selling price.  But other homes will  never be sold at any 
price.

Just my opinion -- this is not my area of  expertise.

Bill Effros
Author

j crafor wrote:  
I had only one response for the 5day from Craigslist, and more for the  
standard open house on Craigslist.
Was considering doing a 5day this  coming weekend (in Tucson) but will have 
a standard open house  instead.  Sort of considering listing with an  
agent...
JCrafor

 
____________________________________
From: _Janetislight at aol.com_ (mailto:Janetislight at aol.com) 
Date: Wed, 5  Aug 2009 09:24:53 -0400
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

Yes, it would be interesting to know how to do this on Craigslist,  since I 
has zero responses from an ad placed as laid out in the book.
 
Janet
 
 
 
In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, 
_bill at effros.com_ (mailto:bill at effros.com)  writes:

Sue,

You  already understand most of what you've got to know.

The big change  in the 4th edition is that it is now possible to run a 
5-Day sale with  zero advertising cost.

All you need is Craigslist.

Start  your home at $24,500.  I know.  It sounds crazy.

But you  know you'll get more than 25 responses by Friday night, and some 
people  who say they will never leave St. Louis are going to drive out just 
to see  what's going on.  You will get the most you can get for your home at  
the present time.

I have started at absurd prices many times.  Literally a zillion people 
show up, and you must be ready for them.   There is no question that most of 
them cannot or will not pay what you are  hoping for.  But so what?  3 people 
who know what your home is  currently worth will pop out of the crowd, bid 
against each other, and you  will get the most you can get for your home on 
the weekend you  pick.

Enough people have computers so that you no longer have to  take telephone 
calls.  You can do everything on the web -- and the  response is 
instantaneous.

Prepare materials to email back to  people before placing the ad.  You can 
send pictures.  You can  explain in detail how you will run the sale.  
Because you get to  write it all out in advance, you can be sure everyone gets 
the same  information, and you can be sure you have said exactly what you want 
to  say.

I can't tell you exactly what materials to provide in response  to 
Craigslist inquiries because I don't know yet.  I do know you will  get an 
overwhelming number of responses, and virtually everyone looking  for a home like 
yours will know yours is available and REALLY will be sold  to the high bidder 
Sunday night.

Unlike Bill, your home can  certainly be sold at this time.  Just like 
Bill, you can know exactly  what you've got to do in just 5 Days at no cost.

If you start to  develop "stock" internet responses to Craigslist, let us 
know what they  are, and how they worked.

The Craigslist headline and body copy  work differently than newspaper 
5-Day Ads.  Again, let us know what  works.

Also, watch the resubmission rules -- you don't want' to get  frozen out of 
Craigslist in the middle of your 5-Day Sale.  I  generally try to run one 
ad starting Tuesday night and deleting  Thursday.  And an updating ad running 
Friday Saturday and  Sunday.  You should have 25 responses by Thursday 
night.

Let  us know how it goes.  You're on the right track.

Bill  Effros
Author



Sue Pruett wrote:  
I am a big fan of this method.  We used the first book  back in 1995 to 
sell our first house, and it worked great!  I  always knew we would use this 
method for our second house.   Well, the time has come to sell our second 
house!  I  purchased the book just about a month ago.  However, I didn't  
realize there was a third edition until about two weeks ago.   The seller didn't 
inform me of this fact!  I'm sure there is  a lot in the third edition that 
would have been helpful to  us!
 
Well, here's where our story stands right now.  
 
We live in Southern Illinois, across the Mississippi from St.  Louis.  
Homes in our neighborhood have been selling in the  upper $80's in the past 4 
months.  When we compare our home  to these, some things are better in ours, 
some are worse.   Ours is larger than any of them.  We had hoped to get about 
 $90K, but would have been more than satisfied with $85K.   

We tried the sale two weeks ago with ads in the only daily in  town.  We 
got 4 calls.  We postponed the sale.  We  were able to advertise in two 
weeklies, in addition to the  daily.  We broke a big rule - we only had 17 calls 
by Friday,  but went ahead with the sale.  At least 12 of our callers  were 
so excited about the house, we thought we were good to  go.  Don't break that 
rule!  We only had 5 families come  to look, and only two bidders, and one 
could not afford our  starting price.  We did get a $75K offer, and we 
agreed to  sell it to her.
 
The other thing we did was start at $74,500, because we were  scared to 
start lower.  I'm sure this also contributed  to fewer callers.  We arent' sure 
the current buyer is  going to come through.  We should know by tonight.  
If  she doesn't, we are purchasing the third edition of the book, and  doing 
it right!  We'll start at $49,500, and we'll utilize  the other advertising 
methods discussed in the third  edition.  I almost wish the fourth edition 
was already out,  as I'm worried we are behind the times with the internet  
advertising.  
 
I know I've gone on a long time, but I do have a  question - can anyone 
point me to which internet advertising  you all use.  I've never used anything 
but ebay to sell over  the internet, and not for something like a house!   
I'd just like to get a picture of how internet advertising  works.  Thanks so 
much for sticking with my  story!


Sue  Pruett
32950 Delhi  Road
Brighton, IL   62012
618-372-3501
Visit my blogs at _http://www.thecharlottemasongirl.com/_ 
(http://www.thecharlottemasongirl.com/) 
and _http://www.illinoisgreenhome.com_ (http://www.illinoisgreenhome.com/) 
and _http://parentingwithstyle.blogspot.com/_ 
(http://parentingwithstyle.blogspot.com/) 
 
 
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From artchr61 at yahoo.com  Wed Aug  5 16:36:57 2009
From: artchr61 at yahoo.com (Leslie Michaels)
Date: Wed, 5 Aug 2009 13:36:57 -0700 (PDT)
Subject: [5-DayForum] FEAR
In-Reply-To: <c9c.4b04fc80.37ab3f3e@aol.com>
References: <c9c.4b04fc80.37ab3f3e@aol.com>
Message-ID: <619983.97739.qm@web80606.mail.mud.yahoo.com>

Dear Bill,
I second the motion, and I will tell anyone thinking of doing a 5 day sale to think twice about buying your new book. Craigslist is obviously not the holy grail of advertising you're making it out to be. For example, when someone is searching for real estate on Craigslist, they put in a town?AND a price range. If you list your home for 24,500 no one will see it because no one will be searching at that price point.
By the way, Bill, since you've been running successful 5 day sales for the past 20 years, I would be more than happy to pay you a commission to come to my home and help me out!? Just let me know when to expect you!!

Leslie


________________________________

From: "Janetislight at aol.com" <Janetislight at aol.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Wednesday, August 5, 2009 3:02:06 PM
Subject: Re: [5-DayForum] FEAR

This was my experience Exactly!? I did sell a home on Craigslist before, but it was at market price.? I'm sure those that saw my price on this last property just thought it was bull and moved on because no way would even a foreclosure sell for that amount in the neighborhood that my house was in.? If this next book is going to be about Craigslist only..... I'm not buying it.

Janet

In a message dated 8/5/2009 11:27:00 A.M. Central Daylight Time, artchr61 at yahoo.com writes:
I'm not quite sure what to make of all this right now. I know in?my neighborhood homes are selling and have sold in the 400,000-550,000 range. Some homes in my town are selling currently for quite a bit more, so this is not one of the depressed areas.? (I am in the north suburbs of Chicago) 
>I tried the 5 day sale and listed my house in 3 major papers, Craigslist, and Kijiji. The newspapers are not only in print, but online versions as well. I followed Bill's layout exactly.? I have been told by 2?realtors that my home is worth about 500,000 in today's market; it would have been closer to 600,000 a few years ago. I listed my house for 249,500 (magic number!) but got no repsonses from any internet advertising, only from the newspapers. I got 8 calls from people, told them about my house and then emailed to them further information if they wanted more.? I ended up changing my 5 day sale to a traditional open house and informed the 8 people that contacted me about the change. Only 1 of those people showed up a my open house. From signs I put out on the street I got an additional 6 families.
>From what I've read here on the forum, NO ONE is getting responses from Craigslist. Craigslist is not for people looking to spend a large amount of money. Craigslist is for people looking for deals on stuff, not real estate (not to mention all the scams?on Craigslist) I have only had luck on Craigslist when I am selling stuff at a bargain price or giving things away to clean out my garage. That's it.
>Bill, if you think that Craigslist is the answer, you're on the wrong track. I don't think anyone here at the forum has had ANY success with Craigslist. And I think that putting a ridiculously low price on the house would just make people suspicious about scams and run down foreclosures, especially on Craigslist.
>
>Leslie
>
>
>
>
________________________________
From: Bill Effros <bill at effros.com>
>To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
>Sent: Wednesday, August 5, 2009 7:53:21 AM
>Subject: Re: [5-DayForum] FEAR
>
>Gary,
>
>What is the rest of this story?
>
>What do you think these properties are currently worth?
>
>Let's start with property 2.
>
>You had a complete failure with property 1 but you decided to try property 2 anyhow.
>
>You imply it is worth at least $300,000, which would mean your starting price was $149,500.? 22 people showed up, you got 11 bids, and the highest one was $75,000.
>
>I've been running 5 Day Sales for more than 20 years, and I've never heard of a single instance where people followed the method and the best price they were offered was 50% of a starting price that was 50% of current market value.
>
>By the way, what did you pay for the property, and when did you buy it?
>
>This Forum seems to have attracted a lot of speculators who paid more for properties than they are worth, and now want to blame the market for their miscalculations.
>
>The successful speculators are making a fortune using the 5-Day Method, and many use it exclusively.? I hear from them constantly--many are selling multiple properties every single weekend.? They know what to pay, and they immediately turn around and sell.? If you look back in the archives, some of them pop up once or twice, but basically they have neither time nor interest in explaining what they are doing.? If you paid too much for the properties you are trying to sell, neither the? 5-Day Method nor anything else is going to bail you out.
>
>Bill Effros
>Author
>
>
>
>Gary Noel wrote: 
>Bill, have you run a 5 day sale in the last month?? I have!? A townhouse where nothing sold in the complex for less than $150,000 in the last 3 months, 6 months or year.? That includes the bank (trashed) REO's that sold in the complex.? There are two?properties that were listed on the MLS for $189,000 that are currently under contract.? We did the 5 day and the highest bid we received was $94,000.? The property is in great condition but yet the highest bid was $94,000.? By the way the trashed REO that sold less than 2 months ago sold for $150,000.? I don't remember how many window were broken nor the number of holes in the wall, etc.
>>
>>And property number 2 we did a 5 day this last weekend.? No model like this sold for under $300,000 and the last one that sold was for $469,000 in this area.? The highest bid we received was $75,000.? We had a lot more than the 25 minimum calls, 22 people show up, 11 people put bid amounts and a high bid of $75,000 Sunday night.
>>
>>Let me know how your 5 day goes.
>>
>>
>>
>>
________________________________
From: Bill Barks <barks4444 at comcast.net>
>>To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
>>Sent: Tuesday, August 4, 2009 3:04:01 PM
>>Subject: Re: [5-DayForum] FEAR
>>
>>I disagree that the process is not working.? I think it is working.? The 
>>discrepancy in the price delivered through the 5-day sale and the price 
>>expected by the seller is that? there aren't buyers out there willing to pay 
>>what the seller thinks it is worth.? therefore the seller is wrong in their 
>>estimation.? In any market the house is only worth what someone is willing 
>>to pay for it.? So in fact the process is working .? it is identifying what 
>>the house is worth in your market at the time the sale is run.? Likely the 
>>number is what it sold for 10-12 years ago before the unjustified run-up in 
>>housing prices. -the bubble.
>>
>>Some experts say the sub-prime mess is nothing compared to the "prime mess 
>>we are about to see.
>>
>>I am having first hand experience with this - a 1.2 million dollar purchase 
>>in Nov '06 of 300' of western-facing waterfront - with a 2900'sq ft well 
>>constructed fully remodeled ranch house and 650' sq ft guest house. in a 
>>rural area of the Puget? Sound region of Western Washington state,. 
>>Currently there are 32 homes on the market in my price range with only 2 
>>sales since March.? ? Other than a 5-day sale, which I plan to run next 
>>week,? it is very difficult to ascertain the value of a property.? I ran 
>>some hypothetical "bargain" # s by a realtor in the area for 27 years --I 
>>asked " what about $ 850,000 ?- would that get buyers excited ?- his reply 
>>was "join the club, there are homes currently listed at 1/2 of what they 
>>were listed 1 year ago--and no interest.? the buyers just aren't there".
>>
>>That is the real FEAR issue- buyers a afraid to buy what may likely turn out 
>>to be a depreciating liability , rather than an asset.? And what bank would 
>>want to loan in that situation?
>>
>>So run the 5-day sale --to the book...and there will be your answer as to 
>>what your house is worth....and then make your plan accordingly --rather 
>>than on what you "wish" your home would sell for.
>>
>>
>>
>>
>>----- Original Message ----- 
>>From: "Steven Herbert" <sterbert at yahoo.com>
>>To: "How To Sell Your Home in 5-Days" 
>><5-dayforum at mailman.howtosellyourhomein5days.com>
>>Sent: Tuesday, August 04, 2009 12:06 PM
>>Subject: Re: [5-DayForum] FEAR
>>
>>
>>I'm a little irritated. The BOOK claims that you can get the best possible 
>>price by using Bill's method--that hasn't been the case on this forum, for a 
>>long while). So SUCCESSES are being defined as any sell for any price ("at 
>>least you got an offer" kind of success).
>>
>>Knowing the best advertising in your area is a complicated process. 
>>Advertising rules have changed in Tacoma--Seattle area (1 newspaper just 
>>retired itself) and few hits came from Craigslist. No system is perfect so I 
>>don't believe as religious truth that "3 real buyers" will show up if you 
>>price the house at 50% ... b/c folks actually believe that 50% is a 
>>possiblity.
>>
>>Just my thoughts and opinions. I'm here on the forum listening for info but 
>>I listed w/flat-fee MLS just recently.
>>
>>Steven
>>
>>
>>--- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com> wrote:
>>
>>> From: Gary Noel <gnoel88 at yahoo.com>
>>> Subject: Re: [5-DayForum] FEAR
>>> To: "How To Sell Your Home in 5-Days" 
>>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>>> Date: Tuesday, August 4, 2009, 1:53 PM
>>> Hi
>>> Rosemarie,
>>>
>>> You mentioned something about having two successful
>>> auctions. Can you share with us what you did to have
>>> such a wonderful experience? I've personally tried
>>> two so far and advertised in many ways Bills'
>>> doesn't mention. For example, passing out flyers
>>> and putting up signs on street corners. In tracking
>>> the calls very few came from the newspaper and internet
>>> while most all came from the flyers and signs. Even
>>> though I had 22 people come to the auction with 11 initial
>>> biders, the top bid was about one third of the current
>>> value. So my question to anyone who can help is: what
>>> can be done to get the bid up to a little closer to market
>>> value? Nothing in the area has sold for less than four
>>> times the highest bid we received on this model.
>>>
>>>
>>>
>>>
>>>
>>> From:
>>> rosemarie-fred <rosemarie-fred at mindspring.com>
>>> To: How To
>>> Sell Your Home in 5-Days
>>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>>> Sent:
>>> Tuesday, August 4, 2009 7:01:56 AM
>>> Subject: Re:
>>> [5-DayForum] FEAR
>>>
>>>
>>> #yiv206810613 DIV {
>>> MARGIN:0px;}
>>>
>>>
>>> Leslie -
>>> There are lots of success
>>> stories. You haven't been on this forum very long, or
>>> you would know that Bill does read it and weighs in when he
>>> thinks it's worth it. Since this forum is about his
>>> methods, I think we should be a little more polite about it,
>>> at least!
>>> I have had two successful
>>> sales, and am planning another. If you read the archives you
>>> will find plenty of them.
>>> There are factors that
>>> affect how things work that have nothing to do with the
>>> book, but Bill always says that if you run the sale
>>> according to his methods you will find out the value of the
>>> house to the marketplace at that time. The 5-day sale is
>>> usually ahead of the rest of the market.
>>> Bill is now working on the
>>> fourth edition, which may be why we are not hearing from him
>>> as much as usual. I know we are all interested to know what
>>> he will change. I know there will be more emphasis on
>>> internet advertising.
>>> Let us know if you are
>>> successful with the realtor.
>>> Rosemarie
>>>
>>> ----- Original Message -----
>>>
>>> From: Leslie Michaels
>>>
>>> To: How
>>> To Sell Your Home in 5-Days
>>> Sent: Monday, August
>>> 03, 2009 11:39 PM
>>> Subject: Re:
>>> [5-DayForum] FEAR
>>>
>>>
>>>
>>> I would have to say that the book is very out dated
>>> for this real estate economy. I have yet to hear of any real
>>> positive feedback in favor of the book and the methods it
>>> promotes. I think the forum is a great way to find out what
>>> really works, not what Bill Effros wrote...(maybe he should
>>> be reading this forum as well!) I followed the
>>> book with regards to newspaper ads and some signs but it was
>>> very disappointing. I spent nearly 600.00 in advertising
>>> with nothing to show. Flyers probably wouldn't work in
>>> my area since most people around here just throw them away.
>>> I live in an upper middle class town near Chicago and
>>> I've tried the flat fee MLS with some showings and no
>>> offers, Bill's book with no success at all, and now
>>> I'm going with a full service realtor at the end of
>>> the month. Homes in my area are selling with full
>>> service realtors, so I'm going that route and hopefully
>>> I can sell my house by the end of the year. I
>>>? personally won't waste any more time or money with
>>> Bill's plan, but if anyone out there has a good success
>>> story, I'd love to hear it!!
>>>
>>> Leslie
>>>
>>>
>>>
>>>
>>> From: Gary
>>> Noel <gnoel88 at yahoo.com>
>>> To: How To
>>> Sell Your Home in 5-Days
>>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>>> Sent: Monday,
>>> August 3, 2009 10:25:42 PM
>>> Subject: Re:
>>> [5-DayForum] FEAR
>>>
>>>
>>>
>>> Actually I'm not sure when would be the best time
>>> to have the auction. But I will add this. The
>>> flyers and signs were by far the biggest draw.
>>> We'll figure out what works and what doesn't.
>>> It may be just doing something completely different that the
>>> book does have in it.
>>>
>>>
>>>
>>>
>>>
>>> From:
>>> Stephanie Glazar <sglazar at yahoo.com>
>>> To: How To
>>> Sell Your Home in 5-Days
>>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>>> Sent: Monday,
>>> August 3, 2009 6:57:58 PM
>>> Subject: Re:
>>> [5-DayForum] FEAR
>>>
>>>
>>>
>>>
>>>
>>>
>>> Thanks for your story Gary!
>>> After sending the email, I've had some time to
>>> think. The truly scary thing would be to be stuck with
>>> the property for another winter with the 200 dollar monthly
>>> heating bill and the 600 dollar mortgage and the garbage
>>> bill, taxes, etc.! I'm here at a Panera's
>>> reading the book from cover to cover. I had just read
>>> enough to be interested. My realtor showed my home to
>>> only 3 people in a year.....actually, it was one until I
>>> complained and in June 2 more people were shown my
>>> home. I got out of my contract and the
>>> home's got to go. I like your idea about
>>> flyers in the neighborhood. I'm going to do that!
>>>
>>>
>>> I was aiming for the end of August. Do you
>>> suppose that's a better date than the first week of
>>> September?
>>> Stephanie
>>>
>>>
>>>
>>>
>>>
>>>
>>> Stephanie S.
>>> Glazar
>>> 412-443-5670
>>> (cell)
>>> sglazar at yahoo.com
>>>
>>> --- On Mon, 8/3/09, Gary Noel
>>> <gnoel88 at yahoo.com> wrote:
>>>
>>>
>>> From: Gary Noel <gnoel88 at yahoo.com>
>>> Subject: Re: [5-DayForum] FEAR
>>> To: "How To Sell Your Home in 5-Days"
>>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>>> Date: Monday, August 3, 2009, 6:06 PM
>>>
>>>
>>>
>>>
>>>
>>>
>>> Hi Stephanie,
>>>
>>> We did 2 round robin auctions, one this last week end
>>> and th other two week ends ago. The first
>>> one was a townhouse in great condition. Nothing in the
>>> complex has sold under $150,000. Our highest offer was
>>> $94,000. The other property needed work but when fixed
>>> up would be worth in the $300's. I don't even
>>> want to tell you what the highest offer was.
>>>
>>> We passed out 1500 flyers door to door, put an ad in
>>> the paper, put signs on just about every street corner for
>>> blocks around the property, had a large orange sign in front
>>> of the property, rented a wind dancer to draw attention, had
>>> about 8 other signs in front of the property, had the strip
>>> of flags streched out. Yah, it was a little
>>> disappointing. But we will probably try it again on
>>> another property and try a few things differently to see if
>>> we can get better results. I believe this method
>>> should work. I just don't know what the missing
>>> link is yet.
>>>
>>>
>>> Gary
>>>
>>>
>>>
>>>
>>>
>>> From:
>>> Stephanie Glazar <sglazar at yahoo.com>
>>> To:
>>> 5-dayforum at howtosellyourhomein5days.com
>>> Sent: Sunday,
>>> August 2, 2009 11:19:20 PM
>>> Subject:
>>> [5-DayForum] FEAR
>>>
>>>
>>>
>>>
>>>
>>>
>>> 5-day forum,
>>> I am frightened that we will sell our house for much
>>> much less than what it is worth because of the market.
>>> My realtor only showed my home to 3 people in a year.
>>> I fought to have my contract voided because of that and
>>> won. Last year, August 2008, I had hopes of selling my
>>> home for $55,000. According to the book, I should set
>>> the price at one-half that, at $27,000 and then drop down to
>>> the magic 500 number, so my ad should read $26,500. I
>>> am very worried that this would be what my house would sell
>>> at. I need $23,300.00 to pay off the home equity loan
>>> attached to the home.
>>>
>>> The book I bought was copyrighted, 2007. Does
>>> this method hold true for this terrible real estate market
>>> in 2009? I would appreciate any positive comment.
>>>
>>> Stephanie
>>>
>>>
>>>
>>>
>>>
>>> Stephanie S.
>>> Glazar
>>> 412-443-5670
>>> (cell)
>>>
>>>
>>> sglazar at yahoo.com
>>>
>>>
>>> -----Inline Attachment Follows-----
>>>
>>>
>>> _______________________________________________
>>> 5-DayForum mailing list
>>> 5-DayForum at mailman.howtosellyourhomein5days.com
>>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>> _______________________________________________
>>> 5-DayForum mailing list
>>> 5-DayForum at mailman.howtosellyourhomein5days.com
>>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>> -----Inline Attachment Follows-----
>>>
>>> _______________________________________________
>>> 5-DayForum mailing list
>>> 5-DayForum at mailman.howtosellyourhomein5days.com
>>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>
>>
>>
>>
>>
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From Janetislight at aol.com  Wed Aug  5 16:48:53 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Wed, 5 Aug 2009 16:48:53 EDT
Subject: [5-DayForum] FEAR
Message-ID: <d22.49c3494a.37ab4a35@aol.com>

Leslie,
 
Let me know if he takes you up on it.  LOL
 
Janet
 
 
In a message dated 8/5/2009 3:47:02 P.M. Central Daylight Time,  
artchr61 at yahoo.com writes:

 
Dear Bill,
I second the motion, and I will tell anyone thinking of doing a 5 day  sale 
to think twice about buying your new book. Craigslist is obviously not  the 
holy grail of advertising you're making it out to be. For example, when  
someone is searching for real estate on Craigslist, they put in a  town AND a 
price range. If you list your home for 24,500 no one will see  it because no 
one will be searching at that price point.
By the way, Bill, since you've been running successful 5 day sales for  the 
past 20 years, I would be more than happy to pay you a commission to come  
to my home and help me out!  Just let me know when to expect you!!
 
Leslie
  
____________________________________
 
From:  "Janetislight at aol.com" <Janetislight at aol.com>
To:  5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Wednesday, August 5, 2009 3:02:06  PM
Subject: Re: [5-DayForum]  FEAR






 
This was my experience Exactly!  I did sell a home on Craigslist  before, 
but it was at market price.  I'm sure those that saw my price on  this last 
property just thought it was bull and moved on because no way would  even a 
foreclosure sell for that amount in the neighborhood that my house was  in.  
If this next book is going to be about Craigslist only..... I'm not  buying 
it.
 
Janet
 
 
In a message dated 8/5/2009 11:27:00 A.M. Central Daylight Time,  
artchr61 at yahoo.com writes:

 
I'm not quite sure what to make of all this right now. I know  in my 
neighborhood homes are selling and have sold in the  400,000-550,000 range. Some 
homes in my town are selling currently for quite  a bit more, so this is not 
one of the depressed areas.  (I am in the  north suburbs of Chicago) 
I tried the 5 day sale and listed my house in 3 major papers,  Craigslist, 
and Kijiji. The newspapers are not only in print, but online  versions as 
well. I followed Bill's layout exactly.  I have been told  by 2 realtors that 
my home is worth about 500,000 in today's market; it  would have been closer 
to 600,000 a few years ago. I listed my house for  249,500 (magic number!) 
but got no repsonses from any internet advertising,  only from the 
newspapers. I got 8 calls from people, told them about my  house and then emailed to 
them further information if they wanted  more.  I ended up changing my 5 day 
sale to a traditional open house  and informed the 8 people that contacted 
me about the change. Only 1 of  those people showed up a my open house. From 
signs I put out on the street I  got an additional 6 families.
>From what I've read here on the forum, NO ONE is getting responses from  
Craigslist. Craigslist is not for people looking to spend a large amount of  
money. Craigslist is for people looking for deals on stuff, not real estate  
(not to mention all the scams on Craigslist) I have only had luck on  
Craigslist when I am selling stuff at a bargain price or giving things away  to 
clean out my garage. That's it.
Bill, if you think that Craigslist is the answer, you're on the wrong  
track. I don't think anyone here at the forum has had ANY success with  
Craigslist. And I think that putting a ridiculously low price on the house  would 
just make people suspicious about scams and run down foreclosures,  especially 
on Craigslist.
 
Leslie


 
____________________________________
 From: Bill Effros  <bill at effros.com>
To:  How To Sell Your Home in 5-Days  
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, August 5, 2009 7:53:21  AM
Subject: Re:  [5-DayForum] FEAR

Gary,

What is the rest of this  story?

What do you think these properties are currently  worth?

Let's start with property 2.

You had a complete failure  with property 1 but you decided to try property 
2 anyhow.

You imply  it is worth at least $300,000, which would mean your starting 
price was  $149,500.  22 people showed up, you got 11 bids, and the highest 
one  was $75,000.

I've been running 5 Day Sales for more than 20 years,  and I've never heard 
of a single instance where people followed the method  and the best price 
they were offered was 50% of a starting price that was  50% of current market 
value.

By the way, what did you pay for the  property, and when did you buy it?

This Forum seems to have attracted  a lot of speculators who paid more for 
properties than they are worth, and  now want to blame the market for their 
miscalculations.

The  successful speculators are making a fortune using the 5-Day Method, 
and many  use it exclusively.  I hear from them constantly--many are selling  
multiple properties every single weekend.  They know what to pay, and  they 
immediately turn around and sell.  If you look back in the  archives, some 
of them pop up once or twice, but basically they have neither  time nor 
interest in explaining what they are doing.  If you paid too  much for the 
properties you are trying to sell, neither the  5-Day  Method nor anything else is 
going to bail you out.

Bill  Effros
Author



Gary Noel wrote:  
 
Bill, have you run a 5 day sale in the last month?  I  have!  A townhouse 
where nothing sold in the complex for less than  $150,000 in the last 3 
months, 6 months or year.  That includes the  bank (trashed) REO's that sold in 
the complex.  There are  two properties that were listed on the MLS for 
$189,000 that are  currently under contract.  We did the 5 day and the highest 
bid we  received was $94,000.  The property is in great condition but yet the  
highest bid was $94,000.  By the way the trashed REO that sold less  than 2 
months ago sold for $150,000.  I don't remember how many  window were 
broken nor the number of holes in the wall, etc.
 
And property number 2 we did a 5 day this last weekend.  No  model like 
this sold for under $300,000 and the last one that sold was for  $469,000 in 
this area.  The highest bid we received was  $75,000.  We had a lot more than 
the 25 minimum calls, 22 people show  up, 11 people put bid amounts and a 
high bid of $75,000 Sunday  night.
 
Let me know how your 5 day goes.


 
____________________________________
 From: Bill Barks _<barks4444 at comcast.net>_ (mailto:barks4444 at comcast.net) 
To: How To Sell Your Home in 5-Days  
_<5-dayforum at mailman.howtosellyourhomein5days.com>_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Sent: Tuesday, August 4, 2009 3:04:01  PM
Subject: Re:  [5-DayForum] FEAR

I disagree that the process is not  working.  I think it is working.  The 
discrepancy in the  price delivered through the 5-day sale and the price 
expected by the  seller is that  there aren't buyers out there willing to 
pay 
what  the seller thinks it is worth.  therefore the seller is wrong in  
their 
estimation.  In any market the house is only worth what  someone is willing 
to pay for it.  So in fact the process is  working .  it is identifying 
what 
the house is worth in your  market at the time the sale is run.  Likely the 
number is what it  sold for 10-12 years ago before the unjustified run-up 
in 
housing  prices. -the bubble.

Some experts say the sub-prime mess is nothing  compared to the "prime mess 
we are about to see.

I am having  first hand experience with this - a 1.2 million dollar 
purchase 
in Nov  '06 of 300' of western-facing waterfront - with a 2900'sq ft well  
constructed fully remodeled ranch house and 650' sq ft guest house. in  a 
rural area of the Puget  Sound region of Western Washington  state,. 
Currently there are 32 homes on the market in my price range  with only 2 
sales since March.    Other than a 5-day sale,  which I plan to run next 
week,  it is very difficult to ascertain  the value of a property.  I ran 
some hypothetical "bargain" # s  by a realtor in the area for 27 years --I 
asked " what about $ 850,000  ?- would that get buyers excited ?- his reply 
was "join the club,  there are homes currently listed at 1/2 of what they 
were listed 1  year ago--and no interest.  the buyers just aren't  there".

That is the real FEAR issue- buyers a afraid to buy what  may likely turn 
out 
to be a depreciating liability , rather than an  asset.  And what bank 
would 
want to loan in that  situation?

So run the 5-day sale --to the book...and there will be  your answer as to 
what your house is worth....and then make your plan  accordingly --rather 
than on what you "wish" your home would sell  for.




----- Original Message ----- 
From: "Steven  Herbert" <_sterbert at yahoo.com_ (mailto:sterbert at yahoo.com) >
To: "How  To Sell Your Home in 5-Days" 
<_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
Sent:  Tuesday, August 04, 2009 12:06 PM
Subject: Re: [5-DayForum]  FEAR


I'm a little irritated. The BOOK claims that you can get  the best possible 
price by using Bill's method--that hasn't been the  case on this forum, for 
a 
long while). So SUCCESSES are being defined  as any sell for any price ("at 
least you got an offer" kind of  success).

Knowing the best advertising in your area is a  complicated process. 
Advertising rules have changed in Tacoma--Seattle  area (1 newspaper just 
retired itself) and few hits came from  Craigslist. No system is perfect so 
I 
don't believe as religious truth  that "3 real buyers" will show up if you 
price the house at 50% ...  b/c folks actually believe that 50% is a 
possiblity.

Just my  thoughts and opinions. I'm here on the forum listening for info 
but 
I  listed w/flat-fee MLS just recently.

Steven


--- On Tue,  8/4/09, Gary Noel <_gnoel88 at yahoo.com_ 
(mailto:gnoel88 at yahoo.com) >  wrote:

> From: Gary Noel <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >
>  Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in  5-Days" 
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Date: Tuesday, August 4, 2009, 1:53 PM
> Hi
>  Rosemarie,
>
> You mentioned something about having two  successful
> auctions. Can you share with us what you did to  have
> such a wonderful experience? I've personally tried
>  two so far and advertised in many ways Bills'
> doesn't mention. For  example, passing out flyers
> and putting up signs on street  corners. In tracking
> the calls very few came from the newspaper  and internet
> while most all came from the flyers and signs.  Even
> though I had 22 people come to the auction with 11  initial
> biders, the top bid was about one third of the  current
> value. So my question to anyone who can help is:  what
> can be done to get the bid up to a little closer to  market
> value? Nothing in the area has sold for less than  four
> times the highest bid we received on this  model.
>
>
>
>
>
> From:
>  rosemarie-fred <_rosemarie-fred at mindspring.com_ 
(mailto:rosemarie-fred at mindspring.com) >
>  To: How To
> Sell Your Home in 5-Days
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Sent:
> Tuesday, August 4, 2009 7:01:56 AM
> Subject:  Re:
> [5-DayForum] FEAR
>
>
> #yiv206810613 DIV  {
> MARGIN:0px;}
>
>
> Leslie -
> There are  lots of success
> stories. You haven't been on this forum very long,  or
> you would know that Bill does read it and weighs in when  he
> thinks it's worth it. Since this forum is about his
>  methods, I think we should be a little more polite about it,
> at  least!
> I have had two successful
> sales, and am planning  another. If you read the archives you
> will find plenty of  them.
> There are factors that
> affect how things work that  have nothing to do with the
> book, but Bill always says that if you  run the sale
> according to his methods you will find out the value  of the
> house to the marketplace at that time. The 5-day sale  is
> usually ahead of the rest of the market.
> Bill is now  working on the
> fourth edition, which may be why we are not hearing  from him
> as much as usual. I know we are all interested to know  what
> he will change. I know there will be more emphasis on
>  internet advertising.
> Let us know if you are
> successful  with the realtor.
> Rosemarie
>
> ----- Original Message  -----
>
> From: Leslie Michaels
>
> To:  How
> To Sell Your Home in 5-Days
> Sent: Monday,  August
> 03, 2009 11:39 PM
> Subject: Re:
> [5-DayForum]  FEAR
>
>
>
> I would have to say that the book is  very out dated
> for this real estate economy. I have yet to hear of  any real
> positive feedback in favor of the book and the methods  it
> promotes. I think the forum is a great way to find out  what
> really works, not what Bill Effros wrote...(maybe he  should
> be reading this forum as well!) I followed the
> book  with regards to newspaper ads and some signs but it was
> very  disappointing. I spent nearly 600.00 in advertising
> with nothing  to show. Flyers probably wouldn't work in
> my area since most  people around here just throw them away.
> I live in an upper middle  class town near Chicago and
> I've tried the flat fee MLS with some  showings and no
> offers, Bill's book with no success at all, and  now
> I'm going with a full service realtor at the end of
>  the month. Homes in my area are selling with full
> service  realtors, so I'm going that route and hopefully
> I can sell my  house by the end of the year. I
>  personally won't waste any  more time or money with
> Bill's plan, but if anyone out there has a  good success
> story, I'd love to hear it!!
>
>  Leslie
>
>
>
>
> From: Gary
> Noel  <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >
> To:  How To
> Sell Your Home in 5-Days
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Sent: Monday,
> August 3, 2009 10:25:42 PM
> Subject:  Re:
> [5-DayForum] FEAR
>
>
>
> Actually I'm  not sure when would be the best time
> to have the auction. But I  will add this. The
> flyers and signs were by far the biggest  draw.
> We'll figure out what works and what doesn't.
> It may  be just doing something completely different that the
> book does  have in it.
>
>
>
>
>
> From:
>  Stephanie Glazar <_sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) >
> To:  How To
> Sell Your Home in 5-Days
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Sent: Monday,
> August 3, 2009 6:57:58 PM
> Subject:  Re:
> [5-DayForum]  FEAR
>
>
>
>
>
>
> Thanks for  your story Gary!
> After sending the email, I've had some time  to
> think. The truly scary thing would be to be stuck with
>  the property for another winter with the 200 dollar monthly
>  heating bill and the 600 dollar mortgage and the garbage
> bill,  taxes, etc.! I'm here at a Panera's
> reading the book from cover to  cover. I had just read
> enough to be interested. My realtor showed  my home to
> only 3 people in a year.....actually, it was one until  I
> complained and in June 2 more people were shown my
> home.  I got out of my contract and the
> home's got to go. I like your  idea about
> flyers in the neighborhood. I'm going to do  that!
>
>
> I was aiming for the end of August. Do  you
> suppose that's a better date than the first week of
>  September?
>  Stephanie
>
>
>
>
>
>
>  Stephanie S.
> Glazar
> 412-443-5670
> (cell)
> _sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) 
>
>  --- On Mon, 8/3/09, Gary Noel
> <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >  wrote:
>
>
> From: Gary Noel <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >
>  Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in  5-Days"
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Date: Monday, August 3, 2009, 6:06  PM
>
>
>
>
>
>
> Hi  Stephanie,
>
> We did 2 round robin auctions, one this last  week end
> and th other two week ends ago. The first
> one was  a townhouse in great condition. Nothing in the
> complex has sold  under $150,000. Our highest offer was
> $94,000. The other property  needed work but when fixed
> up would be worth in the $300's. I  don't even
> want to tell you what the highest offer  was.
>
> We passed out 1500 flyers door to door, put an ad  in
> the paper, put signs on just about every street corner  for
> blocks around the property, had a large orange sign in  front
> of the property, rented a wind dancer to draw attention,  had
> about 8 other signs in front of the property, had the  strip
> of flags streched out. Yah, it was a little
>  disappointing. But we will probably try it again on
> another  property and try a few things differently to see if
> we can get  better results. I believe this method
> should work. I just don't  know what the missing
> link is yet.
>
>
>  Gary
>
>
>
>
>
> From:
>  Stephanie Glazar <_sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) >
>  To:
> _5-dayforum at howtosellyourhomein5days.com_ 
(mailto:5-dayforum at howtosellyourhomein5days.com) 
>  Sent: Sunday,
> August 2, 2009 11:19:20 PM
> Subject:
>  [5-DayForum] FEAR
>
>
>
>
>
>
>  5-day forum,
> I am frightened that we will sell our house for  much
> much less than what it is worth because of the  market.
> My realtor only showed my home to 3 people in a  year.
> I fought to have my contract voided because of that  and
> won. Last year, August 2008, I had hopes of selling my
>  home for $55,000. According to the book, I should set
> the price at  one-half that, at $27,000 and then drop down to
> the magic 500  number, so my ad should read $26,500. I
> am very worried that this  would be what my house would sell
> at. I need $23,300.00 to pay off  the home equity loan
> attached to the home.
>
> The  book I bought was copyrighted, 2007. Does
> this method hold true  for this terrible real estate market
> in 2009? I would appreciate  any positive comment.
>
>  Stephanie
>
>
>
>
>
> Stephanie  S.
> Glazar
> 412-443-5670
>  (cell)
>
>
> _sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) 
>
>
>  -----Inline Attachment Follows-----
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>  
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>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>  _______________________________________________
> 5-DayForum mailing  list
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From skyhighplanning at gmail.com  Wed Aug  5 18:33:01 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Wed, 5 Aug 2009 18:33:01 -0400
Subject: [5-DayForum] FEAR
In-Reply-To: <d22.49c3494a.37ab4a35@aol.com>
References: <d22.49c3494a.37ab4a35@aol.com>
Message-ID: <1DC593A8-51E5-43DA-B067-7D7C6BEE5F30@gmail.com>

You should all show more respect for the Author of the reason your  
even on this forum.  Many of you are very confused & need professional  
help to achieve the results everyone is looking for.  Do not mistake  
lack of proper implementation with the effectiveness of this method.

Best wishes to all,

Carlos A. Chica
Investor/ Real Estate Solutions Co
Sky High Planning, Inc.
7380 Sand Lake Rd.  #500
Orlando, FL  32819
Office:  (407) 352-3220
Fax:      (407) 738-4816
Cell:      (646) 552-0107
skyhighplanning at gmail.com

Coming Soon:

www.SKYHIGHPLANNING.com

"It's kind of Fun to do the Impossible"

  -  Walt Disney

On Aug 5, 2009, at 4:48 PM, Janetislight at aol.com wrote:

> Leslie,
>
> Let me know if he takes you up on it.  LOL
>
> Janet
>
> In a message dated 8/5/2009 3:47:02 P.M. Central Daylight Time, artchr61 at yahoo.com 
>  writes:
> Dear Bill,
> I second the motion, and I will tell anyone thinking of doing a 5  
> day sale to think twice about buying your new book. Craigslist is  
> obviously not the holy grail of advertising you're making it out to  
> be. For example, when someone is searching for real estate on  
> Craigslist, they put in a town AND a price range. If you list your  
> home for 24,500 no one will see it because no one will be searching  
> at that price point.
> By the way, Bill, since you've been running successful 5 day sales  
> for the past 20 years, I would be more than happy to pay you a  
> commission to come to my home and help me out!  Just let me know  
> when to expect you!!
>
> Leslie
> From: "Janetislight at aol.com" <Janetislight at aol.com>
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Sent: Wednesday, August 5, 2009 3:02:06 PM
> Subject: Re: [5-DayForum] FEAR
>
> This was my experience Exactly!  I did sell a home on Craigslist  
> before, but it was at market price.  I'm sure those that saw my  
> price on this last property just thought it was bull and moved on  
> because no way would even a foreclosure sell for that amount in the  
> neighborhood that my house was in.  If this next book is going to be  
> about Craigslist only..... I'm not buying it.
>
> Janet
>
> In a message dated 8/5/2009 11:27:00 A.M. Central Daylight Time, artchr61 at yahoo.com 
>  writes:
> I'm not quite sure what to make of all this right now. I know in my  
> neighborhood homes are selling and have sold in the 400,000-550,000  
> range. Some homes in my town are selling currently for quite a bit  
> more, so this is not one of the depressed areas.  (I am in the north  
> suburbs of Chicago)
> I tried the 5 day sale and listed my house in 3 major papers,  
> Craigslist, and Kijiji. The newspapers are not only in print, but  
> online versions as well. I followed Bill's layout exactly.  I have  
> been told by 2 realtors that my home is worth about 500,000 in  
> today's market; it would have been closer to 600,000 a few years  
> ago. I listed my house for 249,500 (magic number!) but got no  
> repsonses from any internet advertising, only from the newspapers. I  
> got 8 calls from people, told them about my house and then emailed  
> to them further information if they wanted more.  I ended up  
> changing my 5 day sale to a traditional open house and informed the  
> 8 people that contacted me about the change. Only 1 of those people  
> showed up a my open house. From signs I put out on the street I got  
> an additional 6 families.
> From what I've read here on the forum, NO ONE is getting responses  
> from Craigslist. Craigslist is not for people looking to spend a  
> large amount of money. Craigslist is for people looking for deals on  
> stuff, not real estate (not to mention all the scams on Craigslist)  
> I have only had luck on Craigslist when I am selling stuff at a  
> bargain price or giving things away to clean out my garage. That's it.
> Bill, if you think that Craigslist is the answer, you're on the  
> wrong track. I don't think anyone here at the forum has had ANY  
> success with Craigslist. And I think that putting a ridiculously low  
> price on the house would just make people suspicious about scams and  
> run down foreclosures, especially on Craigslist.
>
> Leslie
>
> From: Bill Effros <bill at effros.com>
> To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com 
> >
> Sent: Wednesday, August 5, 2009 7:53:21 AM
> Subject: Re: [5-DayForum] FEAR
>
> Gary,
>
> What is the rest of this story?
>
> What do you think these properties are currently worth?
>
> Let's start with property 2.
>
> You had a complete failure with property 1 but you decided to try  
> property 2 anyhow.
>
> You imply it is worth at least $300,000, which would mean your  
> starting price was $149,500.  22 people showed up, you got 11 bids,  
> and the highest one was $75,000.
>
> I've been running 5 Day Sales for more than 20 years, and I've never  
> heard of a single instance where people followed the method and the  
> best price they were offered was 50% of a starting price that was  
> 50% of current market value.
>
> By the way, what did you pay for the property, and when did you buy  
> it?
>
> This Forum seems to have attracted a lot of speculators who paid  
> more for properties than they are worth, and now want to blame the  
> market for their miscalculations.
>
> The successful speculators are making a fortune using the 5-Day  
> Method, and many use it exclusively.  I hear from them constantly-- 
> many are selling multiple properties every single weekend.  They  
> know what to pay, and     they immediately turn around and sell.  If  
> you look back in the archives, some of them pop up once or twice,  
> but basically they have neither time nor interest in explaining what  
> they are doing.  If you paid too much for the properties you are  
> trying to sell, neither the  5-Day Method nor anything else is going  
> to bail you out.
>
> Bill Effros
> Author
>
>
>
> Gary Noel wrote:
>>
>> Bill, have you run a 5 day sale in the last month?  I have!  A  
>> townhouse where nothing sold in the complex for less than $150,000  
>> in the last 3 months, 6 months or year.  That includes the bank  
>> (trashed) REO's that sold in the complex.  There are two properties  
>> that were listed on the MLS for $189,000 that are currently under  
>> contract.  We did the 5 day and the highest bid we received was  
>> $94,000.  The property is in great condition but yet the highest  
>> bid was $94,000.  By the way the trashed REO that sold less than 2  
>> months ago sold for $150,000.  I don't remember how many window  
>> were broken nor the number of holes in the wall, etc.
>>
>> And property number 2 we did a 5 day this last weekend.  No model  
>> like this sold for under $300,000 and the last one that sold was  
>> for $469,000 in this area.  The highest bid we received was  
>> $75,000.  We had a lot more than the 25 minimum calls, 22 people  
>> show up, 11 people put bid amounts and a high bid of $75,000 Sunday  
>> night.
>>
>> Let me know how your 5 day goes.
>>
>> From: Bill Barks <barks4444 at comcast.net>
>> To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com 
>> >
>> Sent: Tuesday, August 4, 2009 3:04:01 PM
>> Subject: Re: [5-DayForum] FEAR
>>
>> I disagree that the process is not working.  I think it is  
>> working.  The
>> discrepancy in the price delivered through the 5-day sale and the  
>> price
>> expected by the seller is that  there aren't buyers out there  
>> willing to pay
>> what the seller thinks it is worth.  therefore the seller is wrong  
>> in their
>> estimation.  In any market the house is only worth what someone is  
>> willing
>> to pay for it.  So in fact the process is working .  it is  
>> identifying what
>> the house is worth in your market at the time the sale is run.   
>> Likely the
>> number is what it sold for 10-12 years ago before the unjustified  
>> run-up in
>> housing prices. -the bubble.
>>
>> Some experts say the sub-prime mess is nothing compared to the  
>> "prime mess
>> we are about to see.
>>
>> I am having first hand experience with this - a 1.2 million dollar  
>> purchase
>> in Nov '06 of 300' of western-facing waterfront - with a 2900'sq ft  
>> well
>> constructed fully remodeled ranch house and 650' sq ft guest house.  
>> in a
>> rural area of the Puget  Sound region of Western Washington state,.
>> Currently there are 32 homes on the market in my price range with  
>> only 2
>> sales since March.    Other than a 5-day sale, which I plan to run  
>> next
>> week,  it is very difficult to ascertain the value of a property.   
>> I ran
>> some hypothetical "bargain" # s by a realtor in the area for 27  
>> years --I
>> asked " what about $ 850,000 ?- would that get buyers excited ?-  
>> his reply
>> was "join the club, there are homes currently listed at 1/2 of what  
>> they
>> were listed 1 year ago--and no interest.  the buyers just aren't  
>> there".
>>
>> That is the real FEAR issue- buyers a afraid to buy what may likely  
>> turn out
>> to be a depreciating liability , rather than an asset.  And what  
>> bank would
>> want to loan in that situation?
>>
>> So run the 5-day sale --to the book...and there will be your answer  
>> as to
>> what your house is worth....and then make your plan accordingly -- 
>> rather
>> than on what you "wish" your home would sell for.
>>
>>
>>
>>
>> ----- Original Message -----
>> From: "Steven Herbert" <sterbert at yahoo.com>
>> To: "How To Sell Your Home in 5-Days"
>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Sent: Tuesday, August 04, 2009 12:06 PM
>> Subject: Re: [5-DayForum] FEAR
>>
>>
>> I'm a little irritated. The BOOK claims that you can get the best  
>> possible
>> price by using Bill's method--that hasn't been the case on this  
>> forum, for a
>> long while). So SUCCESSES are being defined as any sell for any  
>> price ("at
>> least you got an offer" kind of success).
>>
>> Knowing the best advertising in your area is a complicated process.
>> Advertising rules have changed in Tacoma--Seattle area (1 newspaper  
>> just
>> retired itself) and few hits came from Craigslist. No system is  
>> perfect so I
>> don't believe as religious truth that "3 real buyers" will show up  
>> if you
>> price the house at 50% ... b/c folks actually believe that 50% is a
>> possiblity.
>>
>> Just my thoughts and opinions. I'm here on the forum listening for  
>> info but
>> I listed w/flat-fee MLS just recently.
>>
>> Steven
>>
>>
>> --- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com> wrote:
>>
>> > From: Gary Noel <gnoel88 at yahoo.com>
>> > Subject: Re: [5-DayForum] FEAR
>> > To: "How To Sell Your Home in 5-Days"
>> > <5-dayforum at mailman.howtosellyourhomein5days.com>
>> > Date: Tuesday, August 4, 2009, 1:53 PM
>> > Hi
>> > Rosemarie,
>> >
>> > You mentioned something about having two successful
>> > auctions. Can you share with us what you did to have
>> > such a wonderful experience? I've personally tried
>> > two so far and advertised in many ways Bills'
>> > doesn't mention. For example, passing out flyers
>> > and putting up signs on street corners. In tracking
>> > the calls very few came from the newspaper and internet
>> > while most all came from the flyers and signs. Even
>> > though I had 22 people come to the auction with 11 initial
>> > biders, the top bid was about one third of the current
>> > value. So my question to anyone who can help is: what
>> > can be done to get the bid up to a little closer to market
>> > value? Nothing in the area has sold for less than four
>> > times the highest bid we received on this model.
>> >
>> >
>> >
>> >
>> >
>> > From:
>> > rosemarie-fred <rosemarie-fred at mindspring.com>
>> > To: How To
>> > Sell Your Home in 5-Days
>> > <5-dayforum at mailman.howtosellyourhomein5days.com>
>> > Sent:
>> > Tuesday, August 4, 2009 7:01:56 AM
>> > Subject: Re:
>> > [5-DayForum] FEAR
>> >
>> >
>> > #yiv206810613 DIV {
>> > MARGIN:0px;}
>> >
>> >
>> > Leslie -
>> > There are lots of success
>> > stories. You haven't been on this forum very long, or
>> > you would know that Bill does read it and weighs in when he
>> > thinks it's worth it. Since this forum is about his
>> > methods, I think we should be a little more polite about it,
>> > at least!
>> > I have had two successful
>> > sales, and am planning another. If you read the archives you
>> > will find plenty of them.
>> > There are factors that
>> > affect how things work that have nothing to do with the
>> > book, but Bill always says that if you run the sale
>> > according to his methods you will find out the value of the
>> > house to the marketplace at that time. The 5-day sale is
>> > usually ahead of the rest of the market.
>> > Bill is now working on the
>> > fourth edition, which may be why we are not hearing from him
>> > as much as usual. I know we are all interested to know what
>> > he will change. I know there will be more emphasis on
>> > internet advertising.
>> > Let us know if you are
>> > successful with the realtor.
>> > Rosemarie
>> >
>> > ----- Original Message -----
>> >
>> > From: Leslie Michaels
>> >
>> > To: How
>> > To Sell Your Home in 5-Days
>> > Sent: Monday, August
>> > 03, 2009 11:39 PM
>> > Subject: Re:
>> > [5-DayForum] FEAR
>> >
>> >
>> >
>> > I would have to say that the book is very out dated
>> > for this real estate economy. I have yet to hear of any real
>> > positive feedback in favor of the book and the methods it
>> > promotes. I think the forum is a great way to find out what
>> > really works, not what Bill Effros wrote...(maybe he should
>> > be reading this forum as well!) I followed the
>> > book with regards to newspaper ads and some signs but it was
>> > very disappointing. I spent nearly 600.00 in advertising
>> > with nothing to show. Flyers probably wouldn't work in
>> > my area since most people around here just throw them away.
>> > I live in an upper middle class town near Chicago and
>> > I've tried the flat fee MLS with some showings and no
>> > offers, Bill's book with no success at all, and now
>> > I'm going with a full service realtor at the end of
>> > the month. Homes in my area are selling with full
>> > service realtors, so I'm going that route and hopefully
>> > I can sell my house by the end of the year. I
>> >  personally won't waste any more time or money with
>> > Bill's plan, but if anyone out there has a good success
>> > story, I'd love to hear it!!
>> >
>> > Leslie
>> >
>> >
>> >
>> >
>> > From: Gary
>> > Noel <gnoel88 at yahoo.com>
>> > To: How To
>> > Sell Your Home in 5-Days
>> > <5-dayforum at mailman.howtosellyourhomein5days.com>
>> > Sent: Monday,
>> > August 3, 2009 10:25:42 PM
>> > Subject: Re:
>> > [5-DayForum] FEAR
>> >
>> >
>> >
>> > Actually I'm not sure when would be the best time
>> > to have the auction. But I will add this. The
>> > flyers and signs were by far the biggest draw.
>> > We'll figure out what works and what doesn't.
>> > It may be just doing something completely different that the
>> > book does have in it.
>> >
>> >
>> >
>> >
>> >
>> > From:
>> > Stephanie Glazar <sglazar at yahoo.com>
>> > To: How To
>> > Sell Your Home in 5-Days
>> > <5-dayforum at mailman.howtosellyourhomein5days.com>
>> > Sent: Monday,
>> > August 3, 2009 6:57:58 PM
>> > Subject: Re:
>> > [5-DayForum] FEAR
>> >
>> >
>> >
>> >
>> >
>> >
>> > Thanks for your story Gary!
>> > After sending the email, I've had some time to
>> > think. The truly scary thing would be to be stuck with
>> > the property for another winter with the 200 dollar monthly
>> > heating bill and the 600 dollar mortgage and the garbage
>> > bill, taxes, etc.! I'm here at a Panera's
>> > reading the book from cover to cover. I had just read
>> > enough to be interested. My realtor showed my home to
>> > only 3 people in a year.....actually, it was one until I
>> > complained and in June 2 more people were shown my
>> > home. I got out of my contract and the
>> > home's got to go. I like your idea about
>> > flyers in the neighborhood. I'm going to do that!
>> >
>> >
>> > I was aiming for the end of August. Do you
>> > suppose that's a better date than the first week of
>> > September?
>> > Stephanie
>> >
>> >
>> >
>> >
>> >
>> >
>> > Stephanie S.
>> > Glazar
>> > 412-443-5670
>> > (cell)
>> > sglazar at yahoo.com
>> >
>> > --- On Mon, 8/3/09, Gary Noel
>> > <gnoel88 at yahoo.com> wrote:
>> >
>> >
>> > From: Gary Noel <gnoel88 at yahoo.com>
>> > Subject: Re: [5-DayForum] FEAR
>> > To: "How To Sell Your Home in 5-Days"
>> > <5-dayforum at mailman.howtosellyourhomein5days.com>
>> > Date: Monday, August 3, 2009, 6:06 PM
>> >
>> >
>> >
>> >
>> >
>> >
>> > Hi Stephanie,
>> >
>> > We did 2 round robin auctions, one this last week end
>> > and th other two week ends ago. The first
>> > one was a townhouse in great condition. Nothing in the
>> > complex has sold under $150,000. Our highest offer was
>> > $94,000. The other property needed work but when fixed
>> > up would be worth in the $300's. I don't even
>> > want to tell you what the highest offer was.
>> >
>> > We passed out 1500 flyers door to door, put an ad in
>> > the paper, put signs on just about every street corner for
>> > blocks around the property, had a large orange sign in front
>> > of the property, rented a wind dancer to draw attention, had
>> > about 8 other signs in front of the property, had the strip
>> > of flags streched out. Yah, it was a little
>> > disappointing. But we will probably try it again on
>> > another property and try a few things differently to see if
>> > we can get better results. I believe this method
>> > should work. I just don't know what the missing
>> > link is yet.
>> >
>> >
>> > Gary
>> >
>> >
>> >
>> >
>> >
>> > From:
>> > Stephanie Glazar <sglazar at yahoo.com>
>> > To:
>> > 5-dayforum at howtosellyourhomein5days.com
>> > Sent: Sunday,
>> > August 2, 2009 11:19:20 PM
>> > Subject:
>> > [5-DayForum] FEAR
>> >
>> >
>> >
>> >
>> >
>> >
>> > 5-day forum,
>> > I am frightened that we will sell our house for much
>> > much less than what it is worth because of the market.
>> > My realtor only showed my home to 3 people in a year.
>> > I fought to have my contract voided because of that and
>> > won. Last year, August 2008, I had hopes of selling my
>> > home for $55,000. According to the book, I should set
>> > the price at one-half that, at $27,000 and then drop down to
>> > the magic 500 number, so my ad should read $26,500. I
>> > am very worried that this would be what my house would sell
>> > at. I need $23,300.00 to pay off the home equity loan
>> > attached to the home.
>> >
>> > The book I bought was copyrighted, 2007. Does
>> > this method hold true for this terrible real estate market
>> > in 2009? I would appreciate any positive comment.
>> >
>> > Stephanie
>> >
>> >
>> >
>> >
>> >
>> > Stephanie S.
>> > Glazar
>> > 412-443-5670
>> > (cell)
>> >
>> >
>> > sglazar at yahoo.com
>> >
>> >
>> > -----Inline Attachment Follows-----
>> >
>> >
>> > _______________________________________________
>> > 5-DayForum mailing list
>> > 5-DayForum at mailman.howtosellyourhomein5days.com
>> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> > _______________________________________________
>> > 5-DayForum mailing list
>> > 5-DayForum at mailman.howtosellyourhomein5days.com
>> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> > -----Inline Attachment Follows-----
>> >
>> > _______________________________________________
>> > 5-DayForum mailing list
>> > 5-DayForum at mailman.howtosellyourhomein5days.com
>> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>> >
>>
>>
>>
>>
>> _______________________________________________
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>
>
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From Janetislight at aol.com  Wed Aug  5 18:59:01 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Wed, 5 Aug 2009 18:59:01 EDT
Subject: [5-DayForum] FEAR
Message-ID: <c8f.4aaa7386.37ab68b5@aol.com>

No disrespect intended, just light-hearted sharing of what did NOT work for 
 us.  To say I need professional help is a slap in my face as I've been in  
real estate for YEARS.  It is what I do for a living.  It's all I  do.  
What works for one home, does not necessarily work for EVERY  home.  Yes, you 
get the market price of that "day."  But maybe your  premium buyer decides on 
the following Tuesday to look for a home.  Yes,  this is a great method for 
getting out of a house quickly.  But, that's not  my intent.  I intend to 
live off of my investments.  So, why would I  settle for an amount that I 
know can quickly change in a heartbeat.   Someone who loves the home I am 
selling and will meet me fairly on a price that  is acceptable to me.  It's 
starting to seem to me like apples and  oranges.  I own all of my real estate for 
sale, (currently 4 homes) free of  mortgages of any kind.  So, I pay the 
utilities, insurance and taxes for a  couple more months and get a higher 
offer.  I'm not saying I will not use  this method.  I have a property right now 
that I bought for an amazingly  low price, renovated it and can sell it far 
below market and still make a nice  little chunk of change.  I'm thinking 
of using this method for that  house.  Anyway, I think that Bill Effros 
appreciates the honest feedback,  as he gives us the same kind of feedback.  
Bottom line, straight to the  point.  This isn't a social forum, it is a 
business forum.
 
At that.....  create a fantastic evening!  :)
 
Janet
 
 
In a message dated 8/5/2009 5:34:49 P.M. Central Daylight Time,  
skyhighplanning at gmail.com writes:

You should all show more respect for the Author of the reason your even  on 
this forum.  Many of you are very confused & need professional  help to 
achieve the results everyone is looking for.  Do not mistake lack  of proper 
implementation with the effectiveness of this method.


Best wishes to all,

Carlos A. Chica
Investor/ Real Estate Solutions Co
Sky High Planning, Inc.
7380 Sand Lake Rd.  #500
Orlando, FL  32819
Office:  (407) 352-3220
Fax:      (407) 738-4816
Cell:      (646) 552-0107
_skyhighplanning at gmail.com_ (mailto:skyhighplanning at gmail.com) 


Coming Soon:


_www.SKYHIGHPLANNING.com_ (http://www.skyhighplanning.com/) 


"It's kind of Fun to do the Impossible"


-  Walt Disney


On Aug 5, 2009, at 4:48 PM, _Janetislight at aol.com_ 
(mailto:Janetislight at aol.com)   wrote:





Leslie,
 
Let me know if he takes you up on it.  LOL
 
Janet
 
 
In a message dated 8/5/2009 3:47:02 P.M. Central Daylight Time, 
_artchr61 at yahoo.com_ (mailto:artchr61 at yahoo.com)  writes:

 
Dear Bill,
I second the motion, and I will tell anyone thinking of doing a 5 day  sale 
to think twice about buying your new book. Craigslist is obviously  not the 
holy grail of advertising you're making it out to be. For example,  when 
someone is searching for real estate on Craigslist, they put in a  town AND a 
price range. If you list your home for 24,500 no one will  see it because no 
one will be searching at that price point.
By the way, Bill, since you've been running successful 5 day sales  for the 
past 20 years, I would be more than happy to pay you a commission  to come 
to my home and help me out!  Just let me know when to expect  you!!
 
Leslie
  
____________________________________
 
From: "_Janetislight at aol.com_ (mailto:Janetislight at aol.com) " 
<_Janetislight at aol.com_ (mailto:Janetislight at aol.com) >
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Sent: Wednesday, August 5, 2009  3:02:06 PM
Subject: Re:  [5-DayForum] FEAR



 
This was my experience Exactly!  I did sell a home on Craigslist  before, 
but it was at market price.  I'm sure those that saw my price  on this last 
property just thought it was bull and moved on because no way  would even a 
foreclosure sell for that amount in the neighborhood that my  house was in.  
If this next book is going to be about Craigslist  only..... I'm not buying 
it.
 
Janet
 
 
In a message dated 8/5/2009 11:27:00 A.M. Central Daylight Time, 
_artchr61 at yahoo.com_ (mailto:artchr61 at yahoo.com)  writes:

 
I'm not quite sure what to make of all this right now. I know  in my 
neighborhood homes are selling and have sold in the  400,000-550,000 range. Some 
homes in my town are selling currently for  quite a bit more, so this is not 
one of the depressed areas.  (I am  in the north suburbs of Chicago) 
I tried the 5 day sale and listed my house in 3 major papers,  Craigslist, 
and Kijiji. The newspapers are not only in print, but online  versions as 
well. I followed Bill's layout exactly.  I have been  told by 2 realtors that 
my home is worth about 500,000 in today's  market; it would have been closer 
to 600,000 a few years ago. I listed  my house for 249,500 (magic number!) 
but got no repsonses from any  internet advertising, only from the 
newspapers. I got 8 calls from  people, told them about my house and then emailed to 
them further  information if they wanted more.  I ended up changing my 5 day 
sale  to a traditional open house and informed the 8 people that contacted 
me  about the change. Only 1 of those people showed up a my open house. From 
 signs I put out on the street I got an additional 6 families.
>From what I've read here on the forum, NO ONE is getting responses  from 
Craigslist. Craigslist is not for people looking to spend a large  amount of 
money. Craigslist is for people looking for deals on stuff,  not real estate 
(not to mention all the scams on Craigslist) I have  only had luck on 
Craigslist when I am selling stuff at a bargain price  or giving things away to 
clean out my garage. That's it.
Bill, if you think that Craigslist is the answer, you're on the  wrong 
track. I don't think anyone here at the forum has had ANY success  with 
Craigslist. And I think that putting a ridiculously low price on  the house would 
just make people suspicious about scams and run down  foreclosures, especially 
on Craigslist.
 
Leslie


 
____________________________________
 From: Bill Effros <_bill at effros.com_ (mailto:bill at effros.com) >
To: How To Sell Your Home in 5-Days  
<_5-dayforum at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
Sent: Wednesday, August 5, 2009  7:53:21 AM
Subject: Re:  [5-DayForum] FEAR

Gary,

What is the rest of  this story?

What do you think these properties are currently  worth?

Let's start with property 2.

You had a complete  failure with property 1 but you decided to try property 
2  anyhow.

You imply it is worth at least $300,000, which would mean  your starting 
price was $149,500.  22 people showed up, you got 11  bids, and the highest 
one was $75,000.

I've been running 5 Day  Sales for more than 20 years, and I've never heard 
of a single instance  where people followed the method and the best price 
they were offered  was 50% of a starting price that was 50% of current market 
 value.

By the way, what did you pay for the property, and when  did you buy it?

This Forum seems to have attracted a lot of  speculators who paid more for 
properties than they are worth, and now  want to blame the market for their 
miscalculations.

The  successful speculators are making a fortune using the 5-Day Method, 
and  many use it exclusively.  I hear from them constantly--many are  selling 
multiple properties every single weekend.  They know what  to pay, and they 
immediately turn around and sell.  If you look  back in the archives, some 
of them pop up once or twice, but basically  they have neither time nor 
interest in explaining what they are  doing.  If you paid too much for the 
properties you are trying to  sell, neither the  5-Day Method nor anything else is 
going to bail  you out.

Bill Effros
Author



Gary Noel  wrote:  
 
Bill, have you run a 5 day sale in the last month?  I  have!  A townhouse 
where nothing sold in the complex for less  than $150,000 in the last 3 
months, 6 months or year.  That  includes the bank (trashed) REO's that sold in 
the complex.   There are two properties that were listed on the MLS for 
$189,000  that are currently under contract.  We did the 5 day and the  highest 
bid we received was $94,000.  The property is in great  condition but yet the 
highest bid was $94,000.  By the way the  trashed REO that sold less than 2 
months ago sold for $150,000.   I don't remember how many window were 
broken nor the number of holes  in the wall, etc.
 
And property number 2 we did a 5 day this last weekend.  No  model like 
this sold for under $300,000 and the last one that sold was  for $469,000 in 
this area.  The highest bid we received was  $75,000.  We had a lot more than 
the 25 minimum calls, 22 people  show up, 11 people put bid amounts and a 
high bid of $75,000 Sunday  night.
 
Let me know how your 5 day goes.


 
____________________________________
 From: Bill Barks _<barks4444 at comcast.net_ (mailto:barks4444 at comcast.net) >
To: How To Sell Your Home in  5-Days 
_<5-dayforum at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
Sent: Tuesday, August 4, 2009  3:04:01 PM
Subject:  Re: [5-DayForum] FEAR

I disagree that the process is not  working.  I think it is working.  The 
discrepancy in the  price delivered through the 5-day sale and the price 
expected by  the seller is that  there aren't buyers out there willing to 
pay  
what the seller thinks it is worth.  therefore the seller is  wrong in 
their 
estimation.  In any market the house is only  worth what someone is willing 
to pay for it.  So in fact the  process is working .  it is identifying 
what 
the house is  worth in your market at the time the sale is run.  Likely the 
 
number is what it sold for 10-12 years ago before the unjustified  run-up 
in 
housing prices. -the bubble.

Some experts say the  sub-prime mess is nothing compared to the "prime mess 
we are about  to see.

I am having first hand experience with this - a 1.2  million dollar 
purchase 
in Nov '06 of 300' of western-facing  waterfront - with a 2900'sq ft well 
constructed fully remodeled  ranch house and 650' sq ft guest house. in a 
rural area of the  Puget  Sound region of Western Washington state,. 
Currently  there are 32 homes on the market in my price range with only 2  
sales since March.    Other than a 5-day sale, which I  plan to run next 
week,  it is very difficult to ascertain the  value of a property.  I ran 
some hypothetical "bargain" # s  by a realtor in the area for 27 years --I 
asked " what about $  850,000 ?- would that get buyers excited ?- his reply 
was "join  the club, there are homes currently listed at 1/2 of what they  
were listed 1 year ago--and no interest.  the buyers just  aren't there".

That is the real FEAR issue- buyers a afraid to  buy what may likely turn 
out 
to be a depreciating liability ,  rather than an asset.  And what bank 
would 
want to loan in  that situation?

So run the 5-day sale --to the book...and there  will be your answer as to 
what your house is worth....and then  make your plan accordingly --rather 
than on what you "wish" your  home would sell for.




----- Original Message -----  
From: "Steven Herbert" <_sterbert at yahoo.com_ (mailto:sterbert at yahoo.com) >
To:  "How To Sell Your Home in 5-Days" 
<_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
Sent:  Tuesday, August 04, 2009 12:06 PM
Subject: Re: [5-DayForum]  FEAR


I'm a little irritated. The BOOK claims that you can  get the best possible 
price by using Bill's method--that hasn't  been the case on this forum, for 
a 
long while). So SUCCESSES are  being defined as any sell for any price ("at 
least you got an  offer" kind of success).

Knowing the best advertising in your  area is a complicated process. 
Advertising rules have changed in  Tacoma--Seattle area (1 newspaper just 
retired itself) and few  hits came from Craigslist. No system is perfect so 
I 
don't believe  as religious truth that "3 real buyers" will show up if you 
price  the house at 50% ... b/c folks actually believe that 50% is a  
possiblity.

Just my thoughts and opinions. I'm here on the  forum listening for info 
but 
I listed w/flat-fee MLS just  recently.

Steven


--- On Tue, 8/4/09, Gary Noel  <_gnoel88 at yahoo.com_ 
(mailto:gnoel88 at yahoo.com) >  wrote:

> From: Gary Noel <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >
>  Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in  5-Days" 
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Date: Tuesday, August 4, 2009, 1:53 PM
> Hi
>  Rosemarie,
>
> You mentioned something about having two  successful
> auctions. Can you share with us what you did to  have
> such a wonderful experience? I've personally  tried
> two so far and advertised in many ways Bills'
>  doesn't mention. For example, passing out flyers
> and putting  up signs on street corners. In tracking
> the calls very few  came from the newspaper and internet
> while most all came from  the flyers and signs. Even
> though I had 22 people come to the  auction with 11 initial
> biders, the top bid was about one  third of the current
> value. So my question to anyone who can  help is: what
> can be done to get the bid up to a little closer  to market
> value? Nothing in the area has sold for less than  four
> times the highest bid we received on this  model.
>
>
>
>
>
> From:
>  rosemarie-fred <_rosemarie-fred at mindspring.com_ 
(mailto:rosemarie-fred at mindspring.com) >
>  To: How To
> Sell Your Home in 5-Days
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Sent:
> Tuesday, August 4, 2009 7:01:56 AM
> Subject:  Re:
> [5-DayForum] FEAR
>
>
> #yiv206810613  DIV {
> MARGIN:0px;}
>
>
> Leslie -
>  There are lots of success
> stories. You haven't been on this  forum very long, or
> you would know that Bill does read it and  weighs in when he
> thinks it's worth it. Since this forum is  about his
> methods, I think we should be a little more polite  about it,
> at least!
> I have had two successful
>  sales, and am planning another. If you read the archives you
>  will find plenty of them.
> There are factors that
>  affect how things work that have nothing to do with the
> book,  but Bill always says that if you run the sale
> according to his  methods you will find out the value of the
> house to the  marketplace at that time. The 5-day sale is
> usually ahead of  the rest of the market.
> Bill is now working on the
>  fourth edition, which may be why we are not hearing from him
>  as much as usual. I know we are all interested to know what
> he  will change. I know there will be more emphasis on
> internet  advertising.
> Let us know if you are
> successful with  the realtor.
> Rosemarie
>
> ----- Original Message  -----
>
> From: Leslie Michaels
>
> To:  How
> To Sell Your Home in 5-Days
> Sent: Monday,  August
> 03, 2009 11:39 PM
> Subject: Re:
>  [5-DayForum] FEAR
>
>
>
> I would have to say  that the book is very out dated
> for this real estate economy.  I have yet to hear of any real
> positive feedback in favor of  the book and the methods it
> promotes. I think the forum is a  great way to find out what
> really works, not what Bill Effros  wrote...(maybe he should
> be reading this forum as well!) I  followed the
> book with regards to newspaper ads and some signs  but it was
> very disappointing. I spent nearly 600.00 in  advertising
> with nothing to show. Flyers probably wouldn't  work in
> my area since most people around here just throw them  away.
> I live in an upper middle class town near Chicago  and
> I've tried the flat fee MLS with some showings and  no
> offers, Bill's book with no success at all, and now
>  I'm going with a full service realtor at the end of
> the month.  Homes in my area are selling with full
> service realtors, so  I'm going that route and hopefully
> I can sell my house by the  end of the year. I
>  personally won't waste any more time  or money with
> Bill's plan, but if anyone out there has a good  success
> story, I'd love to hear it!!
>
>  Leslie
>
>
>
>
> From: Gary
> Noel  <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >
>  To: How To
> Sell Your Home in 5-Days
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Sent: Monday,
> August 3, 2009 10:25:42 PM
> Subject:  Re:
> [5-DayForum] FEAR
>
>
>
> Actually  I'm not sure when would be the best time
> to have the auction.  But I will add this. The
> flyers and signs were by far the  biggest draw.
> We'll figure out what works and what  doesn't.
> It may be just doing something completely different  that the
> book does have in  it.
>
>
>
>
>
> From:
>  Stephanie Glazar <_sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) >
>  To: How To
> Sell Your Home in 5-Days
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Sent: Monday,
> August 3, 2009 6:57:58 PM
> Subject:  Re:
> [5-DayForum]  FEAR
>
>
>
>
>
>
> Thanks  for your story Gary!
> After sending the email, I've had some  time to
> think. The truly scary thing would be to be stuck  with
> the property for another winter with the 200 dollar  monthly
> heating bill and the 600 dollar mortgage and the  garbage
> bill, taxes, etc.! I'm here at a Panera's
>  reading the book from cover to cover. I had just read
> enough  to be interested. My realtor showed my home to
> only 3 people  in a year.....actually, it was one until I
> complained and in  June 2 more people were shown my
> home. I got out of my  contract and the
> home's got to go. I like your idea  about
> flyers in the neighborhood. I'm going to do  that!
>
>
> I was aiming for the end of August. Do  you
> suppose that's a better date than the first week  of
> September?
>  Stephanie
>
>
>
>
>
>
>  Stephanie S.
> Glazar
> 412-443-5670
>  (cell)
> _sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) 
>
>  --- On Mon, 8/3/09, Gary Noel
> <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >  wrote:
>
>
> From: Gary Noel <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >
>  Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in  5-Days"
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Date: Monday, August 3, 2009, 6:06  PM
>
>
>
>
>
>
> Hi  Stephanie,
>
> We did 2 round robin auctions, one this  last week end
> and th other two week ends ago. The  first
> one was a townhouse in great condition. Nothing in  the
> complex has sold under $150,000. Our highest offer  was
> $94,000. The other property needed work but when  fixed
> up would be worth in the $300's. I don't even
>  want to tell you what the highest offer was.
>
> We passed  out 1500 flyers door to door, put an ad in
> the paper, put  signs on just about every street corner for
> blocks around the  property, had a large orange sign in front
> of the property,  rented a wind dancer to draw attention, had
> about 8 other  signs in front of the property, had the strip
> of flags  streched out. Yah, it was a little
> disappointing. But we will  probably try it again on
> another property and try a few things  differently to see if
> we can get better results. I believe  this method
> should work. I just don't know what the  missing
> link is yet.
>
>
>  Gary
>
>
>
>
>
> From:
>  Stephanie Glazar <_sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) >
>  To:
> _5-dayforum at howtosellyourhomein5days.com_ 
(mailto:5-dayforum at howtosellyourhomein5days.com) 
>  Sent: Sunday,
> August 2, 2009 11:19:20 PM
>  Subject:
> [5-DayForum]  FEAR
>
>
>
>
>
>
> 5-day  forum,
> I am frightened that we will sell our house for  much
> much less than what it is worth because of the  market.
> My realtor only showed my home to 3 people in a  year.
> I fought to have my contract voided because of that  and
> won. Last year, August 2008, I had hopes of selling  my
> home for $55,000. According to the book, I should  set
> the price at one-half that, at $27,000 and then drop down  to
> the magic 500 number, so my ad should read $26,500.  I
> am very worried that this would be what my house would  sell
> at. I need $23,300.00 to pay off the home equity  loan
> attached to the home.
>
> The book I bought  was copyrighted, 2007. Does
> this method hold true for this  terrible real estate market
> in 2009? I would appreciate any  positive comment.
>
>  Stephanie
>
>
>
>
>
> Stephanie  S.
> Glazar
> 412-443-5670
>  (cell)
>
>
> _sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) 
>
>
>  -----Inline Attachment Follows-----
>
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>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>  _______________________________________________
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From artchr61 at yahoo.com  Wed Aug  5 22:43:29 2009
From: artchr61 at yahoo.com (Leslie Michaels)
Date: Wed, 5 Aug 2009 19:43:29 -0700 (PDT)
Subject: [5-DayForum] FEAR
In-Reply-To: <1DC593A8-51E5-43DA-B067-7D7C6BEE5F30@gmail.com>
References: <d22.49c3494a.37ab4a35@aol.com>
	<1DC593A8-51E5-43DA-B067-7D7C6BEE5F30@gmail.com>
Message-ID: <814015.72475.qm@web80602.mail.mud.yahoo.com>

I'm not trying to be disrespectful, rather we are just all a bit frustrated and venting about the current situation. We are on the forum to share ideas and discuss our individual situations (positive and negative). The forum is not intended to only talk about the positive results (of yet I've seen almost none) or stroke egos. 
And as for 'proper implementation' I followed Bill's book exactly as he wrote it and had no success. I'm sure that in a better economy his methods work, but we are currently in a place where we have never been before in the real estate market. And I honestly think that Bill needs to do a bit more research about Craigslist before he devotes his entire new book to that website.
As for me, I am not in the real estate business. I am simply a woman whose children have all gone off to college and I am now living in a 4000 sq ft,?6 bedroom 3 bath?house. I am not in financial despair, only looking to move on to something a bit smaller with lower property taxes!? I tried Bill's method, I tried the flat fee MLS, and now I'm moving on to a full service realtor!
Good luck to us all!

Leslie




________________________________
From: SKY HIGH <skyhighplanning at gmail.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, August 5, 2009 5:33:01 PM
Subject: Re: [5-DayForum] FEAR


You should all show more respect for the Author of the reason your even on this forum. ?Many of you are very confused & need professional help to achieve the results everyone is looking for. ?Do not mistake lack of proper implementation with the effectiveness of this method.

Best wishes to all,

Carlos A. Chica
Investor/ Real Estate Solutions Co

Sky High Planning, Inc.
7380 Sand Lake Rd. ?#500
Orlando, FL ?32819
Office: ?(407) 352-3220
Fax: ? ? ?(407) 738-4816
Cell: ? ? ?(646) 552-0107
skyhighplanning at gmail.com

Coming Soon:

www.SKYHIGHPLANNING.com

"It's kind of Fun to do the Impossible"

?- ?Walt Disney

On Aug 5, 2009, at 4:48 PM, Janetislight at aol.com wrote:


Leslie,
>
>Let me know if he takes you up on it.? LOL
>
>Janet
>
>In a message dated 8/5/2009 3:47:02 P.M. Central Daylight Time, artchr61 at yahoo.com writes:
>Dear Bill,
>>I second the motion, and I will tell anyone thinking of doing a 5 day sale to think twice about buying your new book. Craigslist is obviously not the holy grail of advertising you're making it out to be. For example, when someone is searching for real estate on Craigslist, they put in a town?AND a price range. If you list your home for 24,500 no one will see it because no one will be searching at that price point.
>>By the way, Bill, since you've been running successful 5 day sales for the past 20 years, I would be more than happy to pay you a commission to come to my home and help me out!? Just let me know when to expect you!!
>>
>>Leslie
________________________________

>>From: "Janetislight at aol.com" <Janetislight at aol.com>
>>To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>Sent: Wednesday, August 5, 2009 3:02:06 PM
>>Subject: Re: [5-DayForum] FEAR
>>
>>
>>This was my experience Exactly!? I did sell a home on Craigslist before, but it was at market price.? I'm sure those that saw my price on this last property just thought it was bull and moved on because no way would even a foreclosure sell for that amount in the neighborhood that my house was in.? If this next book is going to be about Craigslist only..... I'm not buying it.
>>
>>Janet
>>
>>In a message dated 8/5/2009 11:27:00 A.M. Central Daylight Time, artchr61 at yahoo.com writes:
>>I'm not quite sure what to make of all this right now. I know in?my neighborhood homes are selling and have sold in the 400,000-550,000 range. Some homes in my town are selling currently for quite a bit more, so this is not one of the depressed areas.? (I am in the north suburbs of Chicago) 
>>>I tried the 5 day sale and listed my house in 3 major papers, Craigslist, and Kijiji. The newspapers are not only in print, but online versions as well. I followed Bill's layout exactly.? I have been told by 2?realtors that my home is worth about 500,000 in today's market; it would have been closer to 600,000 a few years ago. I listed my house for 249,500 (magic number!) but got no repsonses from any internet advertising, only from the newspapers. I got 8 calls from people, told them about my house and then emailed to them further information if they wanted more.? I ended up changing my 5 day sale to a traditional open house and informed the 8 people that contacted me about the change. Only 1 of those people showed up a my open house. From signs I put out on the street I got an additional 6 families.
>>>From what I've read here on the forum, NO ONE is getting responses from Craigslist. Craigslist is not for people looking to spend a large amount of money. Craigslist is for people looking for deals on stuff, not real estate (not to mention all the scams?on Craigslist) I have only had luck on Craigslist when I am selling stuff at a bargain price or giving things away to clean out my garage. That's it.
>>>Bill, if you think that Craigslist is the answer, you're on the wrong track. I don't think anyone here at the forum has had ANY success with Craigslist. And I think that putting a ridiculously low price on the house would just make people suspicious about scams and run down foreclosures, especially on Craigslist.
>>>
>>>Leslie
>>>
>>>
>>>
>>>
________________________________
From: Bill Effros <bill at effros.com>
>>>To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
>>>Sent: Wednesday, August 5, 2009 7:53:21 AM
>>>Subject: Re: [5-DayForum] FEAR
>>>
>>>Gary,
>>>
>>>What is the rest of this story?
>>>
>>>What do you think these properties are currently worth?
>>>
>>>Let's start with property 2.
>>>
>>>You had a complete failure with property 1 but you decided to try property 2 anyhow.
>>>
>>>You imply it is worth at least $300,000, which would mean your starting price was $149,500.? 22 people showed up, you got 11 bids, and the highest one was $75,000.
>>>
>>>I've been running 5 Day Sales for more than 20 years, and I've never heard of a single instance where people followed the method and the best price they were offered was 50% of a starting price that was 50% of current market value.
>>>
>>>By the way, what did you pay for the property, and when did you buy it?
>>>
>>>This Forum seems to have attracted a lot of speculators who paid more for properties than they are worth, and now want to blame the market for their miscalculations.
>>>
>>>The successful speculators are making a fortune using the 5-Day Method, and many use it exclusively.? I hear from them constantly--many are selling multiple properties every single weekend.? They know what to pay, and they immediately turn around and sell.? If you look back in the archives, some of them pop up once or twice, but basically they have neither time nor interest in explaining what they are doing.? If you paid too much for the properties you are trying to sell, neither the? 5-Day Method nor anything else is going to bail you out.
>>>
>>>Bill Effros
>>>Author
>>>
>>>
>>>
>>>Gary Noel wrote: 
>>>Bill, have you run a 5 day sale in the last month?? I have!? A townhouse where nothing sold in the complex for less than $150,000 in the last 3 months, 6 months or year.? That includes the bank (trashed) REO's that sold in the complex.? There are two?properties that were listed on the MLS for $189,000 that are currently under contract.? We did the 5 day and the highest bid we received was $94,000.? The property is in great condition but yet the highest bid was $94,000.? By the way the trashed REO that sold less than 2 months ago sold for $150,000.? I don't remember how many window were broken nor the number of holes in the wall, etc.
>>>>
>>>>And property number 2 we did a 5 day this last weekend.? No model like this sold for under $300,000 and the last one that sold was for $469,000 in this area.? The highest bid we received was $75,000.? We had a lot more than the 25 minimum calls, 22 people show up, 11 people put bid amounts and a high bid of $75,000 Sunday night.
>>>>
>>>>Let me know how your 5 day goes.
>>>>
>>>>
>>>>
>>>>
________________________________
From: Bill Barks <barks4444 at comcast.net>
>>>>To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
>>>>Sent: Tuesday, August 4, 2009 3:04:01 PM
>>>>Subject: Re: [5-DayForum] FEAR
>>>>
>>>>I disagree that the process is not working.? I think it is working.? The 
>>>>discrepancy in the price delivered through the 5-day sale and the price 
>>>>expected by the seller is that? there aren't buyers out there willing to pay 
>>>>what the seller thinks it is worth.? therefore the seller is wrong in their 
>>>>estimation.? In any market the house is only worth what someone is willing 
>>>>to pay for it.? So in fact the process is working .? it is identifying what 
>>>>the house is worth in your market at the time the sale is run.? Likely the 
>>>>number is what it sold for 10-12 years ago before the unjustified run-up in 
>>>>housing prices. -the bubble.
>>>>
>>>>Some experts say the sub-prime mess is nothing compared to the "prime mess 
>>>>we are about to see.
>>>>
>>>>I am having first hand experience with this - a 1.2 million dollar purchase 
>>>>in Nov '06 of 300' of western-facing waterfront - with a 2900'sq ft well 
>>>>constructed fully remodeled ranch house and 650' sq ft guest house. in a 
>>>>rural area of the Puget? Sound region of Western Washington state,. 
>>>>Currently there are 32 homes on the market in my price range with only 2 
>>>>sales since March.? ? Other than a 5-day sale, which I plan to run next 
>>>>week,? it is very difficult to ascertain the value of a property.? I ran 
>>>>some hypothetical "bargain" # s by a realtor in the area for 27 years --I 
>>>>asked " what about $ 850,000 ?- would that get buyers excited ?- his reply 
>>>>was "join the club, there are homes currently listed at 1/2 of what they 
>>>>were listed 1 year ago--and no interest.? the buyers just aren't there".
>>>>
>>>>That is the real FEAR issue- buyers a afraid to buy what may likely turn out 
>>>>to be a depreciating liability , rather than an asset.? And what bank would 
>>>>want to loan in that situation?
>>>>
>>>>So run the 5-day sale --to the book...and there will be your answer as to 
>>>>what your house is worth....and then make your plan accordingly --rather 
>>>>than on what you "wish" your home would sell for.
>>>>
>>>>
>>>>
>>>>
>>>>----- Original Message ----- 
>>>>From: "Steven Herbert" <sterbert at yahoo.com>
>>>>To: "How To Sell Your Home in 5-Days" 
>>>><5-dayforum at mailman.howtosellyourhomein5days.com>
>>>>Sent: Tuesday, August 04, 2009 12:06 PM
>>>>Subject: Re: [5-DayForum] FEAR
>>>>
>>>>
>>>>I'm a little irritated. The BOOK claims that you can get the best possible 
>>>>price by using Bill's method--that hasn't been the case on this forum, for a 
>>>>long while). So SUCCESSES are being defined as any sell for any price ("at 
>>>>least you got an offer" kind of success).
>>>>
>>>>Knowing the best advertising in your area is a complicated process. 
>>>>Advertising rules have changed in Tacoma--Seattle area (1 newspaper just 
>>>>retired itself) and few hits came from Craigslist. No system is perfect so I 
>>>>don't believe as religious truth that "3 real buyers" will show up if you 
>>>>price the house at 50% ... b/c folks actually believe that 50% is a 
>>>>possiblity.
>>>>
>>>>Just my thoughts and opinions. I'm here on the forum listening for info but 
>>>>I listed w/flat-fee MLS just recently.
>>>>
>>>>Steven
>>>>
>>>>
>>>>--- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com> wrote:
>>>>
>>>>> From: Gary Noel <gnoel88 at yahoo.com>
>>>>> Subject: Re: [5-DayForum] FEAR
>>>>> To: "How To Sell Your Home in 5-Days" 
>>>>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>>>>> Date: Tuesday, August 4, 2009, 1:53 PM
>>>>> Hi
>>>>> Rosemarie,
>>>>>
>>>>> You mentioned something about having two successful
>>>>> auctions. Can you share with us what you did to have
>>>>> such a wonderful experience? I've personally tried
>>>>> two so far and advertised in many ways Bills'
>>>>> doesn't mention. For example, passing out flyers
>>>>> and putting up signs on street corners. In tracking
>>>>> the calls very few came from the newspaper and internet
>>>>> while most all came from the flyers and signs. Even
>>>>> though I had 22 people come to the auction with 11 initial
>>>>> biders, the top bid was about one third of the current
>>>>> value. So my question to anyone who can help is: what
>>>>> can be done to get the bid up to a little closer to market
>>>>> value? Nothing in the area has sold for less than four
>>>>> times the highest bid we received on this model.
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> From:
>>>>> rosemarie-fred <rosemarie-fred at mindspring.com>
>>>>> To: How To
>>>>> Sell Your Home in 5-Days
>>>>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>>>>> Sent:
>>>>> Tuesday, August 4, 2009 7:01:56 AM
>>>>> Subject: Re:
>>>>> [5-DayForum] FEAR
>>>>>
>>>>>
>>>>> #yiv206810613 DIV {
>>>>> MARGIN:0px;}
>>>>>
>>>>>
>>>>> Leslie -
>>>>> There are lots of success
>>>>> stories. You haven't been on this forum very long, or
>>>>> you would know that Bill does read it and weighs in when he
>>>>> thinks it's worth it. Since this forum is about his
>>>>> methods, I think we should be a little more polite about it,
>>>>> at least!
>>>>> I have had two successful
>>>>> sales, and am planning another. If you read the archives you
>>>>> will find plenty of them.
>>>>> There are factors that
>>>>> affect how things work that have nothing to do with the
>>>>> book, but Bill always says that if you run the sale
>>>>> according to his methods you will find out the value of the
>>>>> house to the marketplace at that time. The 5-day sale is
>>>>> usually ahead of the rest of the market.
>>>>> Bill is now working on the
>>>>> fourth edition, which may be why we are not hearing from him
>>>>> as much as usual. I know we are all interested to know what
>>>>> he will change. I know there will be more emphasis on
>>>>> internet advertising.
>>>>> Let us know if you are
>>>>> successful with the realtor.
>>>>> Rosemarie
>>>>>
>>>>> ----- Original Message -----
>>>>>
>>>>> From: Leslie Michaels
>>>>>
>>>>> To: How
>>>>> To Sell Your Home in 5-Days
>>>>> Sent: Monday, August
>>>>> 03, 2009 11:39 PM
>>>>> Subject: Re:
>>>>> [5-DayForum] FEAR
>>>>>
>>>>>
>>>>>
>>>>> I would have to say that the book is very out dated
>>>>> for this real estate economy. I have yet to hear of any real
>>>>> positive feedback in favor of the book and the methods it
>>>>> promotes. I think the forum is a great way to find out what
>>>>> really works, not what Bill Effros wrote...(maybe he should
>>>>> be reading this forum as well!) I followed the
>>>>> book with regards to newspaper ads and some signs but it was
>>>>> very disappointing. I spent nearly 600.00 in advertising
>>>>> with nothing to show. Flyers probably wouldn't work in
>>>>> my area since most people around here just throw them away.
>>>>> I live in an upper middle class town near Chicago and
>>>>> I've tried the flat fee MLS with some showings and no
>>>>> offers, Bill's book with no success at all, and now
>>>>> I'm going with a full service realtor at the end of
>>>>> the month. Homes in my area are selling with full
>>>>> service realtors, so I'm going that route and hopefully
>>>>> I can sell my house by the end of the year. I
>>>>>? personally won't waste any more time or money with
>>>>> Bill's plan, but if anyone out there has a good success
>>>>> story, I'd love to hear it!!
>>>>>
>>>>> Leslie
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> From: Gary
>>>>> Noel <gnoel88 at yahoo.com>
>>>>> To: How To
>>>>> Sell Your Home in 5-Days
>>>>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>>>>> Sent: Monday,
>>>>> August 3, 2009 10:25:42 PM
>>>>> Subject: Re:
>>>>> [5-DayForum] FEAR
>>>>>
>>>>>
>>>>>
>>>>> Actually I'm not sure when would be the best time
>>>>> to have the auction. But I will add this. The
>>>>> flyers and signs were by far the biggest draw.
>>>>> We'll figure out what works and what doesn't.
>>>>> It may be just doing something completely different that the
>>>>> book does have in it.
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> From:
>>>>> Stephanie Glazar <sglazar at yahoo.com>
>>>>> To: How To
>>>>> Sell Your Home in 5-Days
>>>>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>>>>> Sent: Monday,
>>>>> August 3, 2009 6:57:58 PM
>>>>> Subject: Re:
>>>>> [5-DayForum] FEAR
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> Thanks for your story Gary!
>>>>> After sending the email, I've had some time to
>>>>> think. The truly scary thing would be to be stuck with
>>>>> the property for another winter with the 200 dollar monthly
>>>>> heating bill and the 600 dollar mortgage and the garbage
>>>>> bill, taxes, etc.! I'm here at a Panera's
>>>>> reading the book from cover to cover. I had just read
>>>>> enough to be interested. My realtor showed my home to
>>>>> only 3 people in a year.....actually, it was one until I
>>>>> complained and in June 2 more people were shown my
>>>>> home. I got out of my contract and the
>>>>> home's got to go. I like your idea about
>>>>> flyers in the neighborhood. I'm going to do that!
>>>>>
>>>>>
>>>>> I was aiming for the end of August. Do you
>>>>> suppose that's a better date than the first week of
>>>>> September?
>>>>> Stephanie
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> Stephanie S.
>>>>> Glazar
>>>>> 412-443-5670
>>>>> (cell)
>>>>> sglazar at yahoo.com
>>>>>
>>>>> --- On Mon, 8/3/09, Gary Noel
>>>>> <gnoel88 at yahoo.com> wrote:
>>>>>
>>>>>
>>>>> From: Gary Noel <gnoel88 at yahoo.com>
>>>>> Subject: Re: [5-DayForum] FEAR
>>>>> To: "How To Sell Your Home in 5-Days"
>>>>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>>>>> Date: Monday, August 3, 2009, 6:06 PM
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> Hi Stephanie,
>>>>>
>>>>> We did 2 round robin auctions, one this last week end
>>>>> and th other two week ends ago. The first
>>>>> one was a townhouse in great condition. Nothing in the
>>>>> complex has sold under $150,000. Our highest offer was
>>>>> $94,000. The other property needed work but when fixed
>>>>> up would be worth in the $300's. I don't even
>>>>> want to tell you what the highest offer was.
>>>>>
>>>>> We passed out 1500 flyers door to door, put an ad in
>>>>> the paper, put signs on just about every street corner for
>>>>> blocks around the property, had a large orange sign in front
>>>>> of the property, rented a wind dancer to draw attention, had
>>>>> about 8 other signs in front of the property, had the strip
>>>>> of flags streched out. Yah, it was a little
>>>>> disappointing. But we will probably try it again on
>>>>> another property and try a few things differently to see if
>>>>> we can get better results. I believe this method
>>>>> should work. I just don't know what the missing
>>>>> link is yet.
>>>>>
>>>>>
>>>>> Gary
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> From:
>>>>> Stephanie Glazar <sglazar at yahoo.com>
>>>>> To:
>>>>> 5-dayforum at howtosellyourhomein5days.com
>>>>> Sent: Sunday,
>>>>> August 2, 2009 11:19:20 PM
>>>>> Subject:
>>>>> [5-DayForum] FEAR
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> 5-day forum,
>>>>> I am frightened that we will sell our house for much
>>>>> much less than what it is worth because of the market.
>>>>> My realtor only showed my home to 3 people in a year.
>>>>> I fought to have my contract voided because of that and
>>>>> won. Last year, August 2008, I had hopes of selling my
>>>>> home for $55,000. According to the book, I should set
>>>>> the price at one-half that, at $27,000 and then drop down to
>>>>> the magic 500 number, so my ad should read $26,500. I
>>>>> am very worried that this would be what my house would sell
>>>>> at. I need $23,300.00 to pay off the home equity loan
>>>>> attached to the home.
>>>>>
>>>>> The book I bought was copyrighted, 2007. Does
>>>>> this method hold true for this terrible real estate market
>>>>> in 2009? I would appreciate any positive comment.
>>>>>
>>>>> Stephanie
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> Stephanie S.
>>>>> Glazar
>>>>> 412-443-5670
>>>>> (cell)
>>>>>
>>>>>
>>>>> sglazar at yahoo.com
>>>>>
>>>>>
>>>>> -----Inline Attachment Follows-----
>>>>>
>>>>>
>>>>> _______________________________________________
>>>>> 5-DayForum mailing list
>>>>> 5-DayForum at mailman.howtosellyourhomein5days.com
>>>>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> _______________________________________________
>>>>> 5-DayForum mailing list
>>>>> 5-DayForum at mailman.howtosellyourhomein5days.com
>>>>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> -----Inline Attachment Follows-----
>>>>>
>>>>> _______________________________________________
>>>>> 5-DayForum mailing list
>>>>> 5-DayForum at mailman.howtosellyourhomein5days.com
>>>>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>
>>>>
>>>>
>>>>
>>>>
>>>>_______________________________________________
>>>>5-DayForum mailing list
>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 
>>>>
>>>>_______________________________________________
>>>>5-DayForum mailing list
>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>
>>>>
>>>>
________________________________
  _______________________________________________  5-DayForum mailing list  5-DayForum at mailman.howtosellyourhomein5days.com  http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum    
>>>
>>>_______________________________________________
>>>5-DayForum mailing list
>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>
>>
>>
________________________________

>>
>>_______________________________________________
>>5-DayForum mailing list
>>5-DayForum at mailman.howtosellyourhomein5days.com
>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>
>
________________________________

>_______________________________________________
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From bill at effros.com  Thu Aug  6 00:05:29 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 06 Aug 2009 00:05:29 -0400
Subject: [5-DayForum] Tucson Agents will not list for 3 months
In-Reply-To: <SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl>
References: <c61.5132d2a5.37aae225@aol.com>	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>	<4A79985F.6090604@effros.com>
	<SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl>
Message-ID: <4A7A5689.9060800@effros.com>

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  
No one can say if that price will be higher or lower 3 months from now, 
or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 
responses by noon Wednesday, pull the ad and think over what that 
means.  It doesn't necessarily mean you can't sell your home, and it 
doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are 
hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the 
fast hit you get on Craigslist means failing to get 2 or 3 responses by 
noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I 
have never seen a housing market situation like the one we're in.  I'll 
keep thinking out loud with you, if you like.  At some point you'll know 
what you have to do.

Bill Effros
Author

j crafor wrote:
> Agents here will NOT list for 3 months, unless there is an automatic 3 
> month extension. THEN, according to one contract I read, there is 
> ANOTHER three months beyond that that the seller cannot sell to anyone 
> without giving the agent a commission, UNLESS it was re-listed with 
> another agent. This was a contract from the agent that I had been 
> working with for 15 years.
>  
> That IS correct, which is why I decided to do FSBO.
>  
> The last agent that I talked to, showed the house to at the open 
> houes, immediately wanted to list it, 7.5% commission, 9 month listing....
> No thanks.
>  
> ------------------------------------------------------------------------
> Date: Wed, 5 Aug 2009 10:34:07 -0400
> From: bill at effros.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Had a sale last weekend
>
> JCrafor,
>
> Your home is in a place where it has become extremely difficult to 
> sell homes -- at any price.  Nobody knows what they are worth at this 
> time.  List with an agent for a limited time period -- let's say 3 
> months.  See what happens.  Let us know.
>
> I believe we are headed for a lot of inflation.  Homes in some places 
> will start to rise in selling price.  But other homes will never be 
> sold at any price.
>
> Just my opinion -- this is not my area of expertise.
>
> Bill Effros
> Author
>
> j crafor wrote:
>
>     I had only one response for the 5day from Craigslist, and more for
>     the standard open house on Craigslist.
>     Was considering doing a 5day this coming weekend (in Tucson) but
>     will have a standard open house instead.  Sort of considering
>     listing with an agent...
>     JCrafor
>      
>     ------------------------------------------------------------------------
>     From: Janetislight at aol.com <mailto:Janetislight at aol.com>
>     Date: Wed, 5 Aug 2009 09:24:53 -0400
>     To: 5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>     Subject: Re: [5-DayForum] Had a sale last weekend
>
>     Yes, it would be interesting to know how to do this on Craigslist,
>     since I has zero responses from an ad placed as laid out in the book.
>      
>     Janet
>      
>      
>     In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time,
>     bill at effros.com <mailto:bill at effros.com> writes:
>
>         Sue,
>
>         You already understand most of what you've got to know.
>
>         The big change in the 4th edition is that it is now possible
>         to run a 5-Day sale with zero advertising cost.
>
>         All you need is Craigslist.
>
>         Start your home at $24,500.  I know.  It sounds crazy.
>
>         But you know you'll get more than 25 responses by Friday
>         night, and some people who say they will never leave St. Louis
>         are going to drive out just to see what's going on.  You will
>         get the most you can get for your home at the present time.
>
>         I have started at absurd prices many times. Literally a
>         zillion people show up, and you must be ready for them.  There
>         is no question that most of them cannot or will not pay what
>         you are hoping for.  But so what?  3 people who know what your
>         home is currently worth will pop out of the crowd, bid against
>         each other, and you will get the most you can get for your
>         home on the weekend you pick.
>
>         Enough people have computers so that you no longer have to
>         take telephone calls.  You can do everything on the web -- and
>         the response is instantaneous.
>
>         Prepare materials to email back to people before placing the
>         ad.  You can send pictures.  You can explain in detail how you
>         will run the sale.  Because you get to write it all out in
>         advance, you can be sure everyone gets the same information,
>         and you can be sure you have said exactly what you want to say.
>
>         I can't tell you exactly what materials to provide in response
>         to Craigslist inquiries because I don't know yet.  I do know
>         you will get an overwhelming number of responses, and
>         virtually everyone looking for a home like yours will know
>         yours is available and REALLY will be sold to the high bidder
>         Sunday night.
>
>         Unlike Bill, your home can certainly be sold at this time. 
>         Just like Bill, you can know exactly what you've got to do in
>         just 5 Days at no cost.
>
>         If you start to develop "stock" internet responses to
>         Craigslist, let us know what they are, and how they worked.
>
>         The Craigslist headline and body copy work differently than
>         newspaper 5-Day Ads.  Again, let us know what works.
>
>         Also, watch the resubmission rules -- you don't want' to get
>         frozen out of Craigslist in the middle of your 5-Day Sale.  I
>         generally try to run one ad starting Tuesday night and
>         deleting Thursday.  And an updating ad running Friday Saturday
>         and Sunday.  You should have 25 responses by Thursday night.
>
>         Let us know how it goes.  You're on the right track.
>
>         Bill Effros
>         Author
>
>
>
>         Sue Pruett wrote:
>
>             I am a big fan of this method.  We used the first book
>             back in 1995 to sell our first house, and it worked
>             great!  I always knew we would use this method for our
>             second house.  Well, the time has come to sell our second
>             house!  I purchased the book just about a month ago. 
>             However, I didn't realize there was a third edition until
>             about two weeks ago.  The seller didn't inform me of this
>             fact!  I'm sure there is a lot in the third edition that
>             would have been helpful to us!
>              
>             Well, here's where our story stands right now. 
>              
>             We live in Southern Illinois, across the Mississippi from
>             St. Louis.  Homes in our neighborhood have been selling in
>             the upper $80's in the past 4 months.  When we compare our
>             home to these, some things are better in ours, some are
>             worse.  Ours is larger than any of them.  We had hoped to
>             get about $90K, but would have been more than satisfied
>             with $85K. 
>              
>             We tried the sale two weeks ago with ads in the only daily
>             in town.  We got 4 calls.  We postponed the sale.  We were
>             able to advertise in two weeklies, in addition to the
>             daily.  We broke a big rule - we only had 17 calls by
>             Friday, but went ahead with the sale.  At least 12 of our
>             callers were so excited about the house, we thought we
>             were good to go.  Don't break that rule!  We only had 5
>             families come to look, and only two bidders, and one
>             could not afford our starting price.  We did get a $75K
>             offer, and we agreed to sell it to her.
>              
>             The other thing we did was start at $74,500, because we
>             were scared to start lower.  I'm sure this also
>             contributed to fewer callers.  We arent' sure the current
>             buyer is going to come through.  We should know by
>             tonight.  If she doesn't, we are purchasing the third
>             edition of the book, and doing it right!  We'll start at
>             $49,500, and we'll utilize the other advertising methods
>             discussed in the third edition.  I almost wish the fourth
>             edition was already out, as I'm worried we are behind the
>             times with the internet advertising. 
>              
>             I know I've gone on a long time, but I do have a question
>             - can anyone point me to which internet advertising you
>             all use.  I've never used anything but ebay to sell over
>             the internet, and not for something like a house!    I'd
>             just like to get a picture of how internet advertising
>             works.  Thanks so much for sticking with my story!
>
>             Sue Pruett
>             32950 Delhi Road
>             Brighton, IL  62012
>             618-372-3501
>             Visit my blogs at http://www.thecharlottemasongirl.com/
>             and http://www.illinoisgreenhome.com
>             <http://www.illinoisgreenhome.com/>
>             and http://parentingwithstyle.blogspot.com/
>              
>
>             ------------------------------------------------------------------------
>
>             _______________________________________________
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>               
>
>
>
>         _______________________________________________
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>
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From bill at effros.com  Thu Aug  6 00:38:40 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 06 Aug 2009 00:38:40 -0400
Subject: [5-DayForum] FEAR
In-Reply-To: <d22.49c3494a.37ab4a35@aol.com>
References: <d22.49c3494a.37ab4a35@aol.com>
Message-ID: <4A7A5E50.8010701@effros.com>

Janet,

You know I can't legally do that.  Maybe Leslie doesn't.

In fact, I have never taken money for helping people sell their homes, I 
make no money from maintaining this Forum, I take no advertising, I give 
no endorsements, and while I have probably earned a quarter of million 
dollars from the sale of the book, that is over a 22 year period, and it 
is hardly enough to sustain a family of 4.

I recommend a method I stumbled across when I was in trouble.  I 
honestly believe it is the best way for anyone to sell a home.  Friends 
and family ask for my help whenever they have homes to sell.  I have 
corresponded with literally thousands of people who have successfully 
used the method.  When someone tries something that works, I try it, 
too.  I am constantly modifying the Method as I learn to implement it 
better.  If something consistently fails, I tell everyone I know to not 
use a technique that has a lower success rate.

I am sorry if you and Leslie paid too much for the homes you are trying 
to sell, however you both seem intent on killing the messenger to get 
revenge.  That is really not helpful to FSBOs.

We are all living through difficult times.  The 5-Day Method does not 
change the market.  I answer a lot of questions, but it seems to me I 
told you from the outset that the modification you decided upon would 
not work--or do I have you confused with someone else?

Craigslist costs FSBOs nothing.  If they follow the central concepts in 
my book, and use only Craigslist, they can know in 3 days whether they 
can sell their homes for anything close to what they are hoping for--and 
if they can't, they should cancel the sale right then and there! 

You can't fool the market!

Bill Effros
Author

Janetislight at aol.com wrote:
> Leslie,
>  
> Let me know if he takes you up on it.  LOL
>  
> Janet
>  
> In a message dated 8/5/2009 3:47:02 P.M. Central Daylight Time, 
> artchr61 at yahoo.com writes:
>
>     Dear Bill,
>     I second the motion, and I will tell anyone thinking of doing a 5
>     day sale to think twice about buying your new book. Craigslist is
>     obviously not the holy grail of advertising you're making it out
>     to be. For example, when someone is searching for real estate on
>     Craigslist, they put in a town AND a price range. If you list your
>     home for 24,500 no one will see it because no one will be
>     searching at that price point.
>     By the way, Bill, since you've been running successful 5 day sales
>     for the past 20 years, I would be more than happy to pay you a
>     commission to come to my home and help me out!  Just let me know
>     when to expect you!!
>      
>     Leslie
>     ------------------------------------------------------------------------
>     *From:* "Janetislight at aol.com" <Janetislight at aol.com>
>     *To:* 5-dayforum at mailman.howtosellyourhomein5days.com
>     *Sent:* Wednesday, August 5, 2009 3:02:06 PM
>     *Subject:* Re: [5-DayForum] FEAR
>
>     This was my experience Exactly!  I did sell a home on Craigslist
>     before, but it was at market price.  I'm sure those that saw my
>     price on this last property just thought it was bull and moved on
>     because no way would even a foreclosure sell for that amount in
>     the neighborhood that my house was in.  If this next book is going
>     to be about Craigslist only..... I'm not buying it.
>      
>     Janet
>      
>     In a message dated 8/5/2009 11:27:00 A.M. Central Daylight Time,
>     artchr61 at yahoo.com writes:
>
>         I'm not quite sure what to make of all this right now. I know
>         in my neighborhood homes are selling and have sold in the
>         400,000-550,000 range. Some homes in my town are selling
>         currently for quite a bit more, so this is not one of the
>         depressed areas.  (I am in the north suburbs of Chicago)
>         I tried the 5 day sale and listed my house in 3 major papers,
>         Craigslist, and Kijiji. The newspapers are not only in print,
>         but online versions as well. I followed Bill's layout
>         exactly.  I have been told by 2 realtors that my home is worth
>         about 500,000 in today's market; it would have been closer to
>         600,000 a few years ago. I listed my house for 249,500 (magic
>         number!) but got no repsonses from any internet advertising,
>         only from the newspapers. I got 8 calls from people, told them
>         about my house and then emailed to them further information if
>         they wanted more.  I ended up changing my 5 day sale to a
>         traditional open house and informed the 8 people that
>         contacted me about the change. Only 1 of those people showed
>         up a my open house. From signs I put out on the street I got
>         an additional 6 families.
>         From what I've read here on the forum, NO ONE is getting
>         responses from Craigslist. Craigslist is not for people
>         looking to spend a large amount of money. Craigslist is for
>         people looking for deals on stuff, not real estate (not to
>         mention all the scams on Craigslist) I have only had luck on
>         Craigslist when I am selling stuff at a bargain price or
>         giving things away to clean out my garage. That's it.
>         Bill, if you think that Craigslist is the answer, you're on
>         the wrong track. I don't think anyone here at the forum has
>         had ANY success with Craigslist. And I think that putting a
>         ridiculously low price on the house would just make people
>         suspicious about scams and run down foreclosures, especially
>         on Craigslist.
>          
>         Leslie
>
>         ------------------------------------------------------------------------
>         *From:* Bill Effros <bill at effros.com>
>         *To:* How To Sell Your Home in 5-Days
>         <5-dayforum at mailman.howtosellyourhomein5days.com>
>         *Sent:* Wednesday, August 5, 2009 7:53:21 AM
>         *Subject:* Re: [5-DayForum] FEAR
>
>         Gary,
>
>         What is the rest of this story?
>
>         What do you think these properties are currently worth?
>
>         Let's start with property 2.
>
>         You had a complete failure with property 1 but you decided to
>         try property 2 anyhow.
>
>         You imply it is worth at least $300,000, which would mean your
>         starting price was $149,500.  22 people showed up, you got 11
>         bids, and the highest one was $75,000.
>
>         I've been running 5 Day Sales for more than 20 years, and I've
>         never heard of a single instance where people followed the
>         method and the best price they were offered was 50% of a
>         starting price that was 50% of current market value.
>
>         By the way, what did you pay for the property, and when did
>         you buy it?
>
>         This Forum seems to have attracted a lot of speculators who
>         paid more for properties than they are worth, and now want to
>         blame the market for their miscalculations.
>
>         The successful speculators are making a fortune using the
>         5-Day Method, and many use it exclusively.  I hear from them
>         constantly--many are selling multiple properties every single
>         weekend.  They know what to pay, and they immediately turn
>         around and sell.  If you look back in the archives, some of
>         them pop up once or twice, but basically they have neither
>         time nor interest in explaining what they are doing.  If you
>         paid too much for the properties you are trying to sell,
>         neither the  5-Day Method nor anything else is going to bail
>         you out.
>
>         Bill Effros
>         Author
>
>
>
>         Gary Noel wrote:
>>         Bill, have you run a 5 day sale in the last month?  I have! 
>>         A townhouse where nothing sold in the complex for less than
>>         $150,000 in the last 3 months, 6 months or year.  That
>>         includes the bank (trashed) REO's that sold in the complex. 
>>         There are two properties that were listed on the MLS for
>>         $189,000 that are currently under contract.  We did the 5 day
>>         and the highest bid we received was $94,000.  The property is
>>         in great condition but yet the highest bid was $94,000.  By
>>         the way the trashed REO that sold less than 2 months ago sold
>>         for $150,000.  I don't remember how many window were broken
>>         nor the number of holes in the wall, etc.
>>          
>>         And property number 2 we did a 5 day this last weekend.  No
>>         model like this sold for under $300,000 and the last one that
>>         sold was for $469,000 in this area.  The highest bid we
>>         received was $75,000.  We had a lot more than the 25 minimum
>>         calls, 22 people show up, 11 people put bid amounts and a
>>         high bid of $75,000 Sunday night.
>>          
>>         Let me know how your 5 day goes.
>>
>>         ------------------------------------------------------------------------
>>         *From:* Bill Barks <barks4444 at comcast.net>
>>         *To:* How To Sell Your Home in 5-Days
>>         <5-dayforum at mailman.howtosellyourhomein5days.com>
>>         *Sent:* Tuesday, August 4, 2009 3:04:01 PM
>>         *Subject:* Re: [5-DayForum] FEAR
>>
>>         I disagree that the process is not working.  I think it is
>>         working.  The
>>         discrepancy in the price delivered through the 5-day sale and
>>         the price
>>         expected by the seller is that  there aren't buyers out there
>>         willing to pay
>>         what the seller thinks it is worth.  therefore the seller is
>>         wrong in their
>>         estimation.  In any market the house is only worth what
>>         someone is willing
>>         to pay for it.  So in fact the process is working .  it is
>>         identifying what
>>         the house is worth in your market at the time the sale is
>>         run.  Likely the
>>         number is what it sold for 10-12 years ago before the
>>         unjustified run-up in
>>         housing prices. -the bubble.
>>
>>         Some experts say the sub-prime mess is nothing compared to
>>         the "prime mess
>>         we are about to see.
>>
>>         I am having first hand experience with this - a 1.2 million
>>         dollar purchase
>>         in Nov '06 of 300' of western-facing waterfront - with a
>>         2900'sq ft well
>>         constructed fully remodeled ranch house and 650' sq ft guest
>>         house. in a
>>         rural area of the Puget  Sound region of Western Washington
>>         state,.
>>         Currently there are 32 homes on the market in my price range
>>         with only 2
>>         sales since March.    Other than a 5-day sale, which I plan
>>         to run next
>>         week,  it is very difficult to ascertain the value of a
>>         property.  I ran
>>         some hypothetical "bargain" # s by a realtor in the area for
>>         27 years --I
>>         asked " what about $ 850,000 ?- would that get buyers excited
>>         ?- his reply
>>         was "join the club, there are homes currently listed at 1/2
>>         of what they
>>         were listed 1 year ago--and no interest.  the buyers just
>>         aren't there".
>>
>>         That is the real FEAR issue- buyers a afraid to buy what may
>>         likely turn out
>>         to be a depreciating liability , rather than an asset.  And
>>         what bank would
>>         want to loan in that situation?
>>
>>         So run the 5-day sale --to the book...and there will be your
>>         answer as to
>>         what your house is worth....and then make your plan
>>         accordingly --rather
>>         than on what you "wish" your home would sell for.
>>
>>
>>
>>
>>         ----- Original Message -----
>>         From: "Steven Herbert" <sterbert at yahoo.com
>>         <mailto:sterbert at yahoo.com>>
>>         To: "How To Sell Your Home in 5-Days"
>>         <5-dayforum at mailman.howtosellyourhomein5days.com
>>         <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>>         Sent: Tuesday, August 04, 2009 12:06 PM
>>         Subject: Re: [5-DayForum] FEAR
>>
>>
>>         I'm a little irritated. The BOOK claims that you can get the
>>         best possible
>>         price by using Bill's method--that hasn't been the case on
>>         this forum, for a
>>         long while). So SUCCESSES are being defined as any sell for
>>         any price ("at
>>         least you got an offer" kind of success).
>>
>>         Knowing the best advertising in your area is a complicated
>>         process.
>>         Advertising rules have changed in Tacoma--Seattle area (1
>>         newspaper just
>>         retired itself) and few hits came from Craigslist. No system
>>         is perfect so I
>>         don't believe as religious truth that "3 real buyers" will
>>         show up if you
>>         price the house at 50% ... b/c folks actually believe that
>>         50% is a
>>         possiblity.
>>
>>         Just my thoughts and opinions. I'm here on the forum
>>         listening for info but
>>         I listed w/flat-fee MLS just recently.
>>
>>         Steven
>>
>>
>>         --- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com
>>         <mailto:gnoel88 at yahoo.com>> wrote:
>>
>>         > From: Gary Noel <gnoel88 at yahoo.com <mailto:gnoel88 at yahoo.com>>
>>         > Subject: Re: [5-DayForum] FEAR
>>         > To: "How To Sell Your Home in 5-Days"
>>         > <5-dayforum at mailman.howtosellyourhomein5days.com
>>         <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>>         > Date: Tuesday, August 4, 2009, 1:53 PM
>>         > Hi
>>         > Rosemarie,
>>         >
>>         > You mentioned something about having two successful
>>         > auctions. Can you share with us what you did to have
>>         > such a wonderful experience? I've personally tried
>>         > two so far and advertised in many ways Bills'
>>         > doesn't mention. For example, passing out flyers
>>         > and putting up signs on street corners. In tracking
>>         > the calls very few came from the newspaper and internet
>>         > while most all came from the flyers and signs. Even
>>         > though I had 22 people come to the auction with 11 initial
>>         > biders, the top bid was about one third of the current
>>         > value. So my question to anyone who can help is: what
>>         > can be done to get the bid up to a little closer to market
>>         > value? Nothing in the area has sold for less than four
>>         > times the highest bid we received on this model.
>>         >
>>         >
>>         >
>>         >
>>         >
>>         > From:
>>         > rosemarie-fred <rosemarie-fred at mindspring.com
>>         <mailto:rosemarie-fred at mindspring.com>>
>>         > To: How To
>>         > Sell Your Home in 5-Days
>>         > <5-dayforum at mailman.howtosellyourhomein5days.com
>>         <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>>         > Sent:
>>         > Tuesday, August 4, 2009 7:01:56 AM
>>         > Subject: Re:
>>         > [5-DayForum] FEAR
>>         >
>>         >
>>         > #yiv206810613 DIV {
>>         > MARGIN:0px;}
>>         >
>>         >
>>         > Leslie -
>>         > There are lots of success
>>         > stories. You haven't been on this forum very long, or
>>         > you would know that Bill does read it and weighs in when he
>>         > thinks it's worth it. Since this forum is about his
>>         > methods, I think we should be a little more polite about it,
>>         > at least!
>>         > I have had two successful
>>         > sales, and am planning another. If you read the archives you
>>         > will find plenty of them.
>>         > There are factors that
>>         > affect how things work that have nothing to do with the
>>         > book, but Bill always says that if you run the sale
>>         > according to his methods you will find out the value of the
>>         > house to the marketplace at that time. The 5-day sale is
>>         > usually ahead of the rest of the market.
>>         > Bill is now working on the
>>         > fourth edition, which may be why we are not hearing from him
>>         > as much as usual. I know we are all interested to know what
>>         > he will change. I know there will be more emphasis on
>>         > internet advertising.
>>         > Let us know if you are
>>         > successful with the realtor.
>>         > Rosemarie
>>         >
>>         > ----- Original Message -----
>>         >
>>         > From: Leslie Michaels
>>         >
>>         > To: How
>>         > To Sell Your Home in 5-Days
>>         > Sent: Monday, August
>>         > 03, 2009 11:39 PM
>>         > Subject: Re:
>>         > [5-DayForum] FEAR
>>         >
>>         >
>>         >
>>         > I would have to say that the book is very out dated
>>         > for this real estate economy. I have yet to hear of any real
>>         > positive feedback in favor of the book and the methods it
>>         > promotes. I think the forum is a great way to find out what
>>         > really works, not what Bill Effros wrote...(maybe he should
>>         > be reading this forum as well!) I followed the
>>         > book with regards to newspaper ads and some signs but it was
>>         > very disappointing. I spent nearly 600.00 in advertising
>>         > with nothing to show. Flyers probably wouldn't work in
>>         > my area since most people around here just throw them away.
>>         > I live in an upper middle class town near Chicago and
>>         > I've tried the flat fee MLS with some showings and no
>>         > offers, Bill's book with no success at all, and now
>>         > I'm going with a full service realtor at the end of
>>         > the month. Homes in my area are selling with full
>>         > service realtors, so I'm going that route and hopefully
>>         > I can sell my house by the end of the year. I
>>         >  personally won't waste any more time or money with
>>         > Bill's plan, but if anyone out there has a good success
>>         > story, I'd love to hear it!!
>>         >
>>         > Leslie
>>         >
>>         >
>>         >
>>         >
>>         > From: Gary
>>         > Noel <gnoel88 at yahoo.com <mailto:gnoel88 at yahoo.com>>
>>         > To: How To
>>         > Sell Your Home in 5-Days
>>         > <5-dayforum at mailman.howtosellyourhomein5days.com
>>         <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>>         > Sent: Monday,
>>         > August 3, 2009 10:25:42 PM
>>         > Subject: Re:
>>         > [5-DayForum] FEAR
>>         >
>>         >
>>         >
>>         > Actually I'm not sure when would be the best time
>>         > to have the auction. But I will add this. The
>>         > flyers and signs were by far the biggest draw.
>>         > We'll figure out what works and what doesn't.
>>         > It may be just doing something completely different that the
>>         > book does have in it.
>>         >
>>         >
>>         >
>>         >
>>         >
>>         > From:
>>         > Stephanie Glazar <sglazar at yahoo.com <mailto:sglazar at yahoo.com>>
>>         > To: How To
>>         > Sell Your Home in 5-Days
>>         > <5-dayforum at mailman.howtosellyourhomein5days.com
>>         <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>>         > Sent: Monday,
>>         > August 3, 2009 6:57:58 PM
>>         > Subject: Re:
>>         > [5-DayForum] FEAR
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         > Thanks for your story Gary!
>>         > After sending the email, I've had some time to
>>         > think. The truly scary thing would be to be stuck with
>>         > the property for another winter with the 200 dollar monthly
>>         > heating bill and the 600 dollar mortgage and the garbage
>>         > bill, taxes, etc.! I'm here at a Panera's
>>         > reading the book from cover to cover. I had just read
>>         > enough to be interested. My realtor showed my home to
>>         > only 3 people in a year.....actually, it was one until I
>>         > complained and in June 2 more people were shown my
>>         > home. I got out of my contract and the
>>         > home's got to go. I like your idea about
>>         > flyers in the neighborhood. I'm going to do that!
>>         >
>>         >
>>         > I was aiming for the end of August. Do you
>>         > suppose that's a better date than the first week of
>>         > September?
>>         > Stephanie
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         > Stephanie S.
>>         > Glazar
>>         > 412-443-5670
>>         > (cell)
>>         > sglazar at yahoo.com <mailto:sglazar at yahoo.com>
>>         >
>>         > --- On Mon, 8/3/09, Gary Noel
>>         > <gnoel88 at yahoo.com <mailto:gnoel88 at yahoo.com>> wrote:
>>         >
>>         >
>>         > From: Gary Noel <gnoel88 at yahoo.com <mailto:gnoel88 at yahoo.com>>
>>         > Subject: Re: [5-DayForum] FEAR
>>         > To: "How To Sell Your Home in 5-Days"
>>         > <5-dayforum at mailman.howtosellyourhomein5days.com
>>         <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>>         > Date: Monday, August 3, 2009, 6:06 PM
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         > Hi Stephanie,
>>         >
>>         > We did 2 round robin auctions, one this last week end
>>         > and th other two week ends ago. The first
>>         > one was a townhouse in great condition. Nothing in the
>>         > complex has sold under $150,000. Our highest offer was
>>         > $94,000. The other property needed work but when fixed
>>         > up would be worth in the $300's. I don't even
>>         > want to tell you what the highest offer was.
>>         >
>>         > We passed out 1500 flyers door to door, put an ad in
>>         > the paper, put signs on just about every street corner for
>>         > blocks around the property, had a large orange sign in front
>>         > of the property, rented a wind dancer to draw attention, had
>>         > about 8 other signs in front of the property, had the strip
>>         > of flags streched out. Yah, it was a little
>>         > disappointing. But we will probably try it again on
>>         > another property and try a few things differently to see if
>>         > we can get better results. I believe this method
>>         > should work. I just don't know what the missing
>>         > link is yet.
>>         >
>>         >
>>         > Gary
>>         >
>>         >
>>         >
>>         >
>>         >
>>         > From:
>>         > Stephanie Glazar <sglazar at yahoo.com <mailto:sglazar at yahoo.com>>
>>         > To:
>>         > 5-dayforum at howtosellyourhomein5days.com
>>         <mailto:5-dayforum at howtosellyourhomein5days.com>
>>         > Sent: Sunday,
>>         > August 2, 2009 11:19:20 PM
>>         > Subject:
>>         > [5-DayForum] FEAR
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         > 5-day forum,
>>         > I am frightened that we will sell our house for much
>>         > much less than what it is worth because of the market.
>>         > My realtor only showed my home to 3 people in a year.
>>         > I fought to have my contract voided because of that and
>>         > won. Last year, August 2008, I had hopes of selling my
>>         > home for $55,000. According to the book, I should set
>>         > the price at one-half that, at $27,000 and then drop down to
>>         > the magic 500 number, so my ad should read $26,500. I
>>         > am very worried that this would be what my house would sell
>>         > at. I need $23,300.00 to pay off the home equity loan
>>         > attached to the home.
>>         >
>>         > The book I bought was copyrighted, 2007. Does
>>         > this method hold true for this terrible real estate market
>>         > in 2009? I would appreciate any positive comment.
>>         >
>>         > Stephanie
>>         >
>>         >
>>         >
>>         >
>>         >
>>         > Stephanie S.
>>         > Glazar
>>         > 412-443-5670
>>         > (cell)
>>         >
>>         >
>>         > sglazar at yahoo.com <mailto:sglazar at yahoo.com>
>>         >
>>         >
>>         > -----Inline Attachment Follows-----
>>         >
>>         >
>>         > _______________________________________________
>>         > 5-DayForum mailing list
>>         > 5-DayForum at mailman.howtosellyourhomein5days.com
>>         <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>>         >
>>         http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         > _______________________________________________
>>         > 5-DayForum mailing list
>>         > 5-DayForum at mailman.howtosellyourhomein5days.com
>>         <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>>         >
>>         http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         >
>>         > -----Inline Attachment Follows-----
>>         >
>>         > _______________________________________________
>>         > 5-DayForum mailing list
>>         > 5-DayForum at mailman.howtosellyourhomein5days.com
>>         <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>>         >
>>         http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>         >
>>
>>
>>
>>
>>         _______________________________________________
>>         5-DayForum mailing list
>>         5-DayForum at mailman.howtosellyourhomein5days.com
>>         <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
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>>
>>
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>>         5-DayForum at mailman.howtosellyourhomein5days.com
>>         <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>>         http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
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>>         5-DayForum at mailman.howtosellyourhomein5days.com
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>
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>         5-DayForum at mailman.howtosellyourhomein5days.com
>         http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From artchr61 at yahoo.com  Thu Aug  6 01:39:09 2009
From: artchr61 at yahoo.com (Leslie Michaels)
Date: Wed, 5 Aug 2009 22:39:09 -0700 (PDT)
Subject: [5-DayForum] FEAR
In-Reply-To: <4A7A5E50.8010701@effros.com>
References: <d22.49c3494a.37ab4a35@aol.com> <4A7A5E50.8010701@effros.com>
Message-ID: <318953.87614.qm@web80608.mail.mud.yahoo.com>

Yes Bill, you are confusing me with someone else. I did not modify your methods, in fact I followed your book to the letter! My home is in an area where the market is moving; not like it did in the past, but homes are selling. I didn't pay too much for my house, nor are the upgrades that I've put in over the past year outpricing my home.? All we are saying is that, in this current real estate market, your methods aren't working.? You said yourself that if something consistently fails you would tell everyone not to use it. Well, we are here to tell you that your method is consistently failing, and that Craigslist isn't working either.? I am not looking for revenge, nor am I angry, I am just voicing my opinion, which is what a forum is all about.
BTW, Bill, I was absolutely tongue-in-cheek about having you come out here! You really didn't take me seriously did you?

Leslie

?



________________________________
From: Bill Effros <bill at effros.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, August 5, 2009 11:38:40 PM
Subject: Re: [5-DayForum] FEAR

Janet,

You know I can't legally do that.? Maybe Leslie doesn't.

In fact, I have never taken money for helping people sell their homes, I make no money from maintaining this Forum, I take no advertising, I give no endorsements, and while I have probably earned a quarter of million dollars from the sale of the book, that is over a 22 year period, and it is hardly enough to sustain a family of 4.

I recommend a method I stumbled across when I was in trouble.? I honestly believe it is the best way for anyone to sell a home.? Friends and family ask for my help whenever they have homes to sell.? I have corresponded with literally thousands of people who have successfully used the method.? When someone tries something that works, I try it, too.? I am constantly modifying the Method as I learn to implement it better.? If something consistently fails, I tell everyone I know to not use a technique that has a lower success rate.

I am sorry if you and Leslie paid too much for the homes you are trying to sell, however you both seem intent on killing the messenger to get revenge.? That is really not helpful to FSBOs.

We are all living through difficult times.? The 5-Day Method does not change the market.? I answer a lot of questions, but it seems to me I told you from the outset that the modification you decided upon would not work--or do I have you confused with someone else?

Craigslist costs FSBOs nothing.? If they follow the central concepts in my book, and use only Craigslist, they can know in 3 days whether they can sell their homes for anything close to what they are hoping for--and if they can't, they should cancel the sale right then and there!? 

You can't fool the market!

Bill Effros
Author

Janetislight at aol.com wrote: 
Leslie,
>
>Let me know if he takes you up on it.? LOL
>
>Janet
>
>In a message dated 8/5/2009 3:47:02 P.M. Central Daylight Time, artchr61 at yahoo.com writes:
>Dear Bill,
>>I second the motion, and I will tell anyone thinking of doing a 5 day sale to think twice about buying your new book. Craigslist is obviously not the holy grail of advertising you're making it out to be. For example, when someone is searching for real estate on Craigslist, they put in a town?AND a price range. If you list your home for 24,500 no one will see it because no one will be searching at that price point.
>>By the way, Bill, since you've been running successful 5 day sales for the past 20 years, I would be more than happy to pay you a commission to come to my home and help me out!? Just let me know when to expect you!!
>>
>>Leslie
>>
________________________________

>>From: "Janetislight at aol.com" <Janetislight at aol.com>
>>To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>Sent: Wednesday, August 5, 2009 3:02:06 PM
>>Subject: Re: [5-DayForum] FEAR
>>
>>
>>This was my experience Exactly!? I did sell a home on Craigslist before, but it was at market price.? I'm sure those that saw my price on this last property just thought it was bull and moved on because no way would even a foreclosure sell for that amount in the neighborhood that my house was in.? If this next book is going to be about Craigslist only..... I'm not buying it.
>>
>>Janet
>>
>>In a message dated 8/5/2009 11:27:00 A.M. Central Daylight Time, artchr61 at yahoo.com writes:
>>I'm not quite sure what to make of all this right now. I know in?my neighborhood homes are selling and have sold in the 400,000-550,000 range. Some homes in my town are selling currently for quite a bit more, so this is not one of the depressed areas.? (I am in the north suburbs of Chicago) 
>>>I tried the 5 day sale and listed my house in 3 major papers, Craigslist, and Kijiji. The newspapers are not only in print, but online versions as well. I followed Bill's layout exactly.? I have been told by 2?realtors that my home is worth about 500,000 in today's market; it would have been closer to 600,000 a few years ago. I listed my house for 249,500 (magic number!) but got no repsonses from any internet advertising, only from the newspapers. I got 8 calls from people, told them about my house and then emailed to them further information if they wanted more.? I ended up changing my 5 day sale to a traditional open house and informed the 8 people that contacted me about the change. Only 1 of those people showed up a my open house. >From signs I put out on the street I got an additional 6 families.
>>>From what I've read here on the forum, NO ONE is getting responses from Craigslist. Craigslist is not for people looking to spend a large amount of money. Craigslist is for people looking for deals on stuff, not real estate (not to mention all the scams?on Craigslist) I have only had luck on Craigslist when I am selling stuff at a bargain price or giving things away to clean out my garage. That's it.
>>>Bill, if you think that Craigslist is the answer, you're on the wrong track. I don't think anyone here at the forum has had ANY success with Craigslist. And I think that putting a ridiculously low price on the house would just make people suspicious about scams and run down foreclosures, especially on Craigslist.
>>>
>>>Leslie
>>>
>>>
>>>
>>>
________________________________
From: Bill Effros <bill at effros.com>
>>>To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
>>>Sent: Wednesday, August 5, 2009 7:53:21 AM
>>>Subject: Re: [5-DayForum] FEAR
>>>
>>>Gary,
>>>
>>>What is the rest of this story?
>>>
>>>What do you think these properties are currently worth?
>>>
>>>Let's start with property 2.
>>>
>>>You had a complete failure with property 1 but you decided to try property 2 anyhow.
>>>
>>>You imply it is worth at least $300,000, which would mean your starting price was $149,500.? 22 people showed up, you got 11 bids, and the highest one was $75,000.
>>>
>>>I've been running 5 Day Sales for more than 20 years, and I've never heard of a single instance where people followed the method and the best price they were offered was 50% of a starting price that was 50% of current market value.
>>>
>>>By the way, what did you pay for the property, and when did you buy it?
>>>
>>>This Forum seems to have attracted a lot of speculators who paid more for properties than they are worth, and now want to blame the market for their miscalculations.
>>>
>>>The successful speculators are making a fortune using the 5-Day Method, and many use it exclusively.? I hear from them constantly--many are selling multiple properties every single weekend.? They know what to pay, and they immediately turn around and sell.? If you look back in the archives, some of them pop up once or twice, but basically they have neither time nor interest in explaining what they are doing.? If you paid too much for the properties you are trying to sell, neither the? 5-Day Method nor anything else is going to bail you out.
>>>
>>>Bill Effros
>>>Author
>>>
>>>
>>>
>>>Gary Noel wrote: 
>>>Bill, have you run a 5 day sale in the last month?? I have!? A townhouse where nothing sold in the complex for less than $150,000 in the last 3 months, 6 months or year.? That includes the bank (trashed) REO's that sold in the complex.? There are two?properties that were listed on the MLS for $189,000 that are currently under contract.? We did the 5 day and the highest bid we received was $94,000.? The property is in great condition but yet the highest bid was $94,000.? By the way the trashed REO that sold less than 2 months ago sold for $150,000.? I don't remember how many window were broken nor the number of holes in the wall, etc.
>>>>
>>>>And property number 2 we did a 5 day this last weekend.? No model like this sold for under $300,000 and the last one that sold was for $469,000 in this area.? The highest bid we received was $75,000.? We had a lot more than the 25 minimum calls, 22 people show up, 11 people put bid amounts and a high bid of $75,000 Sunday night.
>>>>
>>>>Let me know how your 5 day goes.
>>>>
>>>>
>>>>
>>>>
________________________________
From: Bill Barks <barks4444 at comcast.net>
>>>>To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
>>>>Sent: Tuesday, August 4, 2009 3:04:01 PM
>>>>Subject: Re: [5-DayForum] FEAR
>>>>
>>>>I disagree that the process is not working.? I think it is working.? The 
>>>>discrepancy in the price delivered through the 5-day sale and the price 
>>>>expected by the seller is that? there aren't buyers out there willing to pay 
>>>>what the seller thinks it is worth.? therefore the seller is wrong in their 
>>>>estimation.? In any market the house is only worth what someone is willing 
>>>>to pay for it.? So in fact the process is working .? it is identifying what 
>>>>the house is worth in your market at the time the sale is run.? Likely the 
>>>>number is what it sold for 10-12 years ago before the unjustified run-up in 
>>>>housing prices. -the bubble.
>>>>
>>>>Some experts say the sub-prime mess is nothing compared to the "prime mess 
>>>>we are about to see.
>>>>
>>>>I am having first hand experience with this - a 1.2 million dollar purchase 
>>>>in Nov '06 of 300' of western-facing waterfront - with a 2900'sq ft well 
>>>>constructed fully remodeled ranch house and 650' sq ft guest house. in a 
>>>>rural area of the Puget? Sound region of Western Washington state,. 
>>>>Currently there are 32 homes on the market in my price range with only 2 
>>>>sales since March.? ? Other than a 5-day sale, which I plan to run next 
>>>>week,? it is very difficult to ascertain the value of a property.? I ran 
>>>>some hypothetical "bargain" # s by a realtor in the area for 27 years --I 
>>>>asked " what about $ 850,000 ?- would that get buyers excited ?- his reply 
>>>>was "join the club, there are homes currently listed at 1/2 of what they 
>>>>were listed 1 year ago--and no interest.? the buyers just aren't there".
>>>>
>>>>That is the real FEAR issue- buyers a afraid to buy what may likely turn out 
>>>>to be a depreciating liability , rather than an asset.? And what bank would 
>>>>want to loan in that situation?
>>>>
>>>>So run the 5-day sale --to the book...and there will be your answer as to 
>>>>what your house is worth....and then make your plan accordingly --rather 
>>>>than on what you "wish" your home would sell for.
>>>>
>>>>
>>>>
>>>>
>>>>----- Original Message ----- 
>>>>From: "Steven Herbert" <sterbert at yahoo.com>
>>>>To: "How To Sell Your Home in 5-Days" 
>>>><5-dayforum at mailman.howtosellyourhomein5days.com>
>>>>Sent: Tuesday, August 04, 2009 12:06 PM
>>>>Subject: Re: [5-DayForum] FEAR
>>>>
>>>>
>>>>I'm a little irritated. The BOOK claims that you can get the best possible 
>>>>price by using Bill's method--that hasn't been the case on this forum, for a 
>>>>long while). So SUCCESSES are being defined as any sell for any price ("at 
>>>>least you got an offer" kind of success).
>>>>
>>>>Knowing the best advertising in your area is a complicated process. 
>>>>Advertising rules have changed in Tacoma--Seattle area (1 newspaper just 
>>>>retired itself) and few hits came from Craigslist. No system is perfect so I 
>>>>don't believe as religious truth that "3 real buyers" will show up if you 
>>>>price the house at 50% ... b/c folks actually believe that 50% is a 
>>>>possiblity.
>>>>
>>>>Just my thoughts and opinions. I'm here on the forum listening for info but 
>>>>I listed w/flat-fee MLS just recently.
>>>>
>>>>Steven
>>>>
>>>>
>>>>--- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com> wrote:
>>>>
>>>>> From: Gary Noel <gnoel88 at yahoo.com>
>>>>> Subject: Re: [5-DayForum] FEAR
>>>>> To: "How To Sell Your Home in 5-Days" 
>>>>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>>>>> Date: Tuesday, August 4, 2009, 1:53 PM
>>>>> Hi
>>>>> Rosemarie,
>>>>>
>>>>> You mentioned something about having two successful
>>>>> auctions. Can you share with us what you did to have
>>>>> such a wonderful experience? I've personally tried
>>>>> two so far and advertised in many ways Bills'
>>>>> doesn't mention. For example, passing out flyers
>>>>> and putting up signs on street corners. In tracking
>>>>> the calls very few came from the newspaper and internet
>>>>> while most all came from the flyers and signs. Even
>>>>> though I had 22 people come to the auction with 11 initial
>>>>> biders, the top bid was about one third of the current
>>>>> value. So my question to anyone who can help is: what
>>>>> can be done to get the bid up to a little closer to market
>>>>> value? Nothing in the area has sold for less than four
>>>>> times the highest bid we received on this model.
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> From:
>>>>> rosemarie-fred <rosemarie-fred at mindspring.com>
>>>>> To: How To
>>>>> Sell Your Home in 5-Days
>>>>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>>>>> Sent:
>>>>> Tuesday, August 4, 2009 7:01:56 AM
>>>>> Subject: Re:
>>>>> [5-DayForum] FEAR
>>>>>
>>>>>
>>>>> #yiv206810613 DIV {
>>>>> MARGIN:0px;}
>>>>>
>>>>>
>>>>> Leslie -
>>>>> There are lots of success
>>>>> stories. You haven't been on this forum very long, or
>>>>> you would know that Bill does read it and weighs in when he
>>>>> thinks it's worth it. Since this forum is about his
>>>>> methods, I think we should be a little more polite about it,
>>>>> at least!
>>>>> I have had two successful
>>>>> sales, and am planning another. If you read the archives you
>>>>> will find plenty of them.
>>>>> There are factors that
>>>>> affect how things work that have nothing to do with the
>>>>> book, but Bill always says that if you run the sale
>>>>> according to his methods you will find out the value of the
>>>>> house to the marketplace at that time. The 5-day sale is
>>>>> usually ahead of the rest of the market.
>>>>> Bill is now working on the
>>>>> fourth edition, which may be why we are not hearing from him
>>>>> as much as usual. I know we are all interested to know what
>>>>> he will change. I know there will be more emphasis on
>>>>> internet advertising.
>>>>> Let us know if you are
>>>>> successful with the realtor.
>>>>> Rosemarie
>>>>>
>>>>> ----- Original Message -----
>>>>>
>>>>> From: Leslie Michaels
>>>>>
>>>>> To: How
>>>>> To Sell Your Home in 5-Days
>>>>> Sent: Monday, August
>>>>> 03, 2009 11:39 PM
>>>>> Subject: Re:
>>>>> [5-DayForum] FEAR
>>>>>
>>>>>
>>>>>
>>>>> I would have to say that the book is very out dated
>>>>> for this real estate economy. I have yet to hear of any real
>>>>> positive feedback in favor of the book and the methods it
>>>>> promotes. I think the forum is a great way to find out what
>>>>> really works, not what Bill Effros wrote...(maybe he should
>>>>> be reading this forum as well!) I followed the
>>>>> book with regards to newspaper ads and some signs but it was
>>>>> very disappointing. I spent nearly 600.00 in advertising
>>>>> with nothing to show. Flyers probably wouldn't work in
>>>>> my area since most people around here just throw them away.
>>>>> I live in an upper middle class town near Chicago and
>>>>> I've tried the flat fee MLS with some showings and no
>>>>> offers, Bill's book with no success at all, and now
>>>>> I'm going with a full service realtor at the end of
>>>>> the month. Homes in my area are selling with full
>>>>> service realtors, so I'm going that route and hopefully
>>>>> I can sell my house by the end of the year. I
>>>>>? personally won't waste any more time or money with
>>>>> Bill's plan, but if anyone out there has a good success
>>>>> story, I'd love to hear it!!
>>>>>
>>>>> Leslie
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> From: Gary
>>>>> Noel <gnoel88 at yahoo.com>
>>>>> To: How To
>>>>> Sell Your Home in 5-Days
>>>>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>>>>> Sent: Monday,
>>>>> August 3, 2009 10:25:42 PM
>>>>> Subject: Re:
>>>>> [5-DayForum] FEAR
>>>>>
>>>>>
>>>>>
>>>>> Actually I'm not sure when would be the best time
>>>>> to have the auction. But I will add this. The
>>>>> flyers and signs were by far the biggest draw.
>>>>> We'll figure out what works and what doesn't.
>>>>> It may be just doing something completely different that the
>>>>> book does have in it.
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> From:
>>>>> Stephanie Glazar <sglazar at yahoo.com>
>>>>> To: How To
>>>>> Sell Your Home in 5-Days
>>>>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>>>>> Sent: Monday,
>>>>> August 3, 2009 6:57:58 PM
>>>>> Subject: Re:
>>>>> [5-DayForum] FEAR
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> Thanks for your story Gary!
>>>>> After sending the email, I've had some time to
>>>>> think. The truly scary thing would be to be stuck with
>>>>> the property for another winter with the 200 dollar monthly
>>>>> heating bill and the 600 dollar mortgage and the garbage
>>>>> bill, taxes, etc.! I'm here at a Panera's
>>>>> reading the book from cover to cover. I had just read
>>>>> enough to be interested. My realtor showed my home to
>>>>> only 3 people in a year.....actually, it was one until I
>>>>> complained and in June 2 more people were shown my
>>>>> home. I got out of my contract and the
>>>>> home's got to go. I like your idea about
>>>>> flyers in the neighborhood. I'm going to do that!
>>>>>
>>>>>
>>>>> I was aiming for the end of August. Do you
>>>>> suppose that's a better date than the first week of
>>>>> September?
>>>>> Stephanie
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> Stephanie S.
>>>>> Glazar
>>>>> 412-443-5670
>>>>> (cell)
>>>>> sglazar at yahoo.com
>>>>>
>>>>> --- On Mon, 8/3/09, Gary Noel
>>>>> <gnoel88 at yahoo.com> wrote:
>>>>>
>>>>>
>>>>> From: Gary Noel <gnoel88 at yahoo.com>
>>>>> Subject: Re: [5-DayForum] FEAR
>>>>> To: "How To Sell Your Home in 5-Days"
>>>>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>>>>> Date: Monday, August 3, 2009, 6:06 PM
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> Hi Stephanie,
>>>>>
>>>>> We did 2 round robin auctions, one this last week end
>>>>> and th other two week ends ago. The first
>>>>> one was a townhouse in great condition. Nothing in the
>>>>> complex has sold under $150,000. Our highest offer was
>>>>> $94,000. The other property needed work but when fixed
>>>>> up would be worth in the $300's. I don't even
>>>>> want to tell you what the highest offer was.
>>>>>
>>>>> We passed out 1500 flyers door to door, put an ad in
>>>>> the paper, put signs on just about every street corner for
>>>>> blocks around the property, had a large orange sign in front
>>>>> of the property, rented a wind dancer to draw attention, had
>>>>> about 8 other signs in front of the property, had the strip
>>>>> of flags streched out. Yah, it was a little
>>>>> disappointing. But we will probably try it again on
>>>>> another property and try a few things differently to see if
>>>>> we can get better results. I believe this method
>>>>> should work. I just don't know what the missing
>>>>> link is yet.
>>>>>
>>>>>
>>>>> Gary
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> From:
>>>>> Stephanie Glazar <sglazar at yahoo.com>
>>>>> To:
>>>>> 5-dayforum at howtosellyourhomein5days.com
>>>>> Sent: Sunday,
>>>>> August 2, 2009 11:19:20 PM
>>>>> Subject:
>>>>> [5-DayForum] FEAR
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> 5-day forum,
>>>>> I am frightened that we will sell our house for much
>>>>> much less than what it is worth because of the market.
>>>>> My realtor only showed my home to 3 people in a year.
>>>>> I fought to have my contract voided because of that and
>>>>> won. Last year, August 2008, I had hopes of selling my
>>>>> home for $55,000. According to the book, I should set
>>>>> the price at one-half that, at $27,000 and then drop down to
>>>>> the magic 500 number, so my ad should read $26,500. I
>>>>> am very worried that this would be what my house would sell
>>>>> at. I need $23,300.00 to pay off the home equity loan
>>>>> attached to the home.
>>>>>
>>>>> The book I bought was copyrighted, 2007. Does
>>>>> this method hold true for this terrible real estate market
>>>>> in 2009? I would appreciate any positive comment.
>>>>>
>>>>> Stephanie
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> Stephanie S.
>>>>> Glazar
>>>>> 412-443-5670
>>>>> (cell)
>>>>>
>>>>>
>>>>> sglazar at yahoo.com
>>>>>
>>>>>
>>>>> -----Inline Attachment Follows-----
>>>>>
>>>>>
>>>>> _______________________________________________
>>>>> 5-DayForum mailing list
>>>>> 5-DayForum at mailman.howtosellyourhomein5days.com
>>>>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> _______________________________________________
>>>>> 5-DayForum mailing list
>>>>> 5-DayForum at mailman.howtosellyourhomein5days.com
>>>>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> -----Inline Attachment Follows-----
>>>>>
>>>>> _______________________________________________
>>>>> 5-DayForum mailing list
>>>>> 5-DayForum at mailman.howtosellyourhomein5days.com
>>>>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>
>>>>
>>>>
>>>>
>>>>
>>>>_______________________________________________
>>>>5-DayForum mailing list
>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 
>>>>
>>>>_______________________________________________
>>>>5-DayForum mailing list
>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>
>>>>
>>>>
________________________________

>>>>_______________________________________________
>>>>5-DayForum mailing list
>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>  
>>>
>>>_______________________________________________
>>>5-DayForum mailing list
>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>
>>
>>
________________________________

>>
>>_______________________________________________
>>5-DayForum mailing list
>>5-DayForum at mailman.howtosellyourhomein5days.com
>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>
>
________________________________

>
________________________________

>_______________________________________________
>5-DayForum mailing list
>5-DayForum at mailman.howtosellyourhomein5days.com
>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>  
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From juliegorman at bellsouth.net  Thu Aug  6 07:30:07 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Thu, 06 Aug 2009 11:30:07 +0000
Subject: [5-DayForum] How am I doing so far...a little encouragement
	please!?!
In-Reply-To: <4A7A5689.9060800@effros.com>
References: <c61.5132d2a5.37aae225@aol.com>	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>	<4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl>
	<4A7A5689.9060800@effros.com>
Message-ID: <080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 
Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 
I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

Janet


In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 
I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

Well, here's where our story stands right now.  

We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/



_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  


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5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum








Get back to school stuff for them and cashback for you. Try BingT now. 

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5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  



Get back to school stuff for them and cashback for you. Try BingT now. 

_______________________________________________
5-DayForum mailing list
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From jwesterfield at naplesrealtyservices.com  Thu Aug  6 08:26:03 2009
From: jwesterfield at naplesrealtyservices.com (Jim Westerfield)
Date: Thu, 6 Aug 2009 08:26:03 -0400
Subject: [5-DayForum] PLEASE REMOVE ME FROM YOU EMAIL LIST!
Message-ID: <20090806122503.EAE835BED38@obmail01.alamode.com>

 

PLEASE REMOVE ME FROM YOUR EMAIL LIST!

 

THANKS!

 

Jim Westerfield

Naples Realty Services, Inc.

t/a ONESourceT Real Estate Services, Inc.

Cell# (239) 287-6617

 

 

 


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From artchr61 at yahoo.com  Thu Aug  6 09:15:12 2009
From: artchr61 at yahoo.com (Leslie Michaels)
Date: Thu, 6 Aug 2009 06:15:12 -0700 (PDT)
Subject: [5-DayForum] How am I doing so far...a little encouragement
	please!?!
In-Reply-To: <080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
References: <c61.5132d2a5.37aae225@aol.com>
	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>
	<4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl>
	<4A7A5689.9060800@effros.com>
	<080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
Message-ID: <345753.22517.qm@web80601.mail.mud.yahoo.com>

I know what you mean about looking for some positive reinforcement! I think that it's great that you're getting responses to your ads and hopefully your will be one of the success stories on this forum!? From what I found with my research before I tried my 5 day sale, nothing is final until you have a signed?contract and you could accept any bid you want. And I'm sure you can call any of the contacts at a later date if they're still interested.? I only had 8 responses in total, postponed my?5 day sale, changed it to a?traditional open house, and contacted the people who had called me and notified them.? Only 1 of them came to my open house.
I wish I could tell you that the process worked for?me, but maybe in your area things will be different. It can't hurt to give it a try.? I know I feel better knowing that I at least gave it a shot.
Good luck and let us know how it goes!? 

Leslie


________________________________
From: "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, August 6, 2009 6:30:07 AM
Subject: [5-DayForum] How am I doing so far...a little encouragement please!?!


Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are?doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>
>Agreed.
>
>But it tells you everything you need to know.
>
>If you want to sell it now you can only get the current market price.? No one can say if that price will be higher or lower 3 months from now, or 6 months from now.
>
>You can play around with 5 Day ads on Craigslist for nothing.
>
>Always start them late Tuesday night.? If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.? It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.
>
>But would you take twice the starting price? or 90% of what you are hoping for?? or 80%?
>
>At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.
>
>I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.? I'll keep thinking out loud with you, if you like.? At some point you'll know what you have to do.
>
>Bill Effros
>Author
>
>j crafor wrote: 
>Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
>>?
>>That IS correct, which is why I decided to do FSBO. 
>>?
>>The last agent that I talked to, showed the?house to at the open houes, immediately wanted to list it, 7.5% commission,?9 month listing....
>>No thanks. 
>>?
>>________________________________
Date: Wed, 5 Aug 2009 10:34:07 -0400
>>From: bill at effros.com
>>To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>Subject: Re: [5-DayForum] Had a sale last weekend
>>
>>JCrafor,
>>
>>Your home is in a place where it has become extremely difficult to sell homes -- at any price.? Nobody knows what they are worth at this time.? List with an agent for a limited time period -- let's say 3 months.? See what happens.? Let us know.
>>
>>I believe we are headed for a lot of inflation.? Homes in some places will start to rise in selling price.? But other homes will never be sold at any price.
>>
>>Just my opinion -- this is not my area of expertise.
>>
>>Bill Effros
>>Author
>>
>>j crafor wrote: 
>>I?had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
>>>Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.? Sort of considering listing with an agent...
>>>JCrafor
>>>?
>>>________________________________
From: Janetislight at aol.com
>>>Date: Wed, 5 Aug 2009 09:24:53 -0400
>>>To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>>Subject: Re: [5-DayForum] Had a sale last weekend
>>>
>>>Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.
>>>
>>>Janet
>>>
>>>
>>>In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
>>>Sue,
>>>>
>>>>You already understand most of what you've got to know.
>>>>
>>>>The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.
>>>>
>>>>All you need is Craigslist.
>>>>
>>>>Start your home at $24,500.? I know.? It sounds crazy.
>>>>
>>>>But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.? You will get the most you can get for your home at the present time.
>>>>
>>>>I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.? There is no question that most of them cannot or will not pay what you are hoping for.? But so what?? 3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.
>>>>
>>>>Enough people have computers so that you no longer have to take telephone calls.? You can do everything on the web -- and the response is instantaneous.
>>>>
>>>>Prepare materials to email back to people before placing the ad.? You can send pictures.? You can explain in detail how you will run the sale.? Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.
>>>>
>>>>I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.? I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.
>>>>
>>>>Unlike Bill, your home can certainly be sold at this time.? Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.
>>>>
>>>>If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.
>>>>
>>>>The Craigslist headline and body copy work differently than newspaper 5-Day Ads.? Again, let us know what works.
>>>>
>>>>Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.? I generally try to run one ad starting Tuesday night and deleting Thursday.? And an updating ad running Friday Saturday and Sunday.? You should have 25 responses by Thursday night.
>>>>
>>>>Let us know how it goes.? You're on the right track.
>>>>
>>>>Bill Effros
>>>>Author
>>>>
>>>>
>>>>
>>>>Sue Pruett wrote: 
>>>>I am a big fan of this method.? We used the first book back in 1995 to sell our first house, and it worked great!? I always knew we would use this method for our second house.? Well, the time has come to sell our second house!? I purchased the book just about a month ago.? However, I didn't realize there was a third edition until about two weeks ago.? The seller didn't inform me of this fact!? I'm sure there is a lot in the third edition that would have been helpful to us!
>>>>>
>>>>>Well, here's where our story stands right now.? 
>>>>>
>>>>>We live in Southern Illinois, across the Mississippi from St. Louis.? Homes in our neighborhood have been selling in the upper $80's in the past 4 months.? When we compare our home to these, some things are better in ours, some are worse.? Ours is larger than any of them.? We had hoped to get about $90K, but would have been more than satisfied with $85K.? 
>>>>>
>>>>>We tried the sale two weeks ago with ads in the only daily in town.? We got 4 calls.? We postponed the sale.? We were able to advertise in two weeklies, in addition to the daily.? We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.? At least 12 of our callers were so excited about the house, we thought we were good to go.? Don't break that rule!? We only had 5 families come to look, and only two bidders, and one could?not afford our starting price.? We did get a $75K offer, and we agreed to sell it to her.
>>>>>
>>>>>The other thing we did was start at $74,500, because we were scared to start lower.??I'm sure this also contributed to fewer callers.??We arent' sure the current buyer is going to come through.? We should know by tonight.? If she doesn't, we are purchasing the third edition of the book, and doing it right!? We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.? I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.? 
>>>>>
>>>>>I know I've gone on a long time, but?I do have a question -?can anyone point me to which internet advertising you all use.? I've never used anything but ebay to sell over the internet, and not for something like?a house!? ? I'd just like to get a picture of how internet advertising works.? Thanks so much for sticking with my story!
>>>>>
>>>>>
>>>>>Sue Pruett
>>>>>32950 Delhi Road
>>>>>Brighton, IL? 62012
>>>>>618-372-3501
>>>>>Visit my blogs at http://www.thecharlottemasongirl.com/
>>>>>and http://www.illinoisgreenhome.com
>>>>>and http://parentingwithstyle.blogspot.com/
>>>>> 
>>>>>
________________________________

>>>>>_______________________________________________
>>>>>5-DayForum mailing list
>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>  
>>>>
>>>>_______________________________________________
>>>>5-DayForum mailing list
>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>
>>>
>>>
________________________________

>>>________________________________
Get back to school stuff for them and cashback for you. Try BingT now. 
>>>
________________________________

>>>_______________________________________________
>>>5-DayForum mailing list
>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>  
>>________________________________
Get back to school stuff for them and cashback for you. Try BingT now. 
>>
________________________________

>>_______________________________________________
>>5-DayForum mailing list
>>5-DayForum at mailman.howtosellyourhomein5days.com
>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>  
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From Janetislight at aol.com  Thu Aug  6 09:22:12 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Thu, 6 Aug 2009 09:22:12 EDT
Subject: [5-DayForum] FEAR
Message-ID: <cb4.5be28ac3.37ac3304@aol.com>

You must have me confused with someone else.  I sold my house and am  now 
on another.  "The bad apple of the bunch."  My references to  Craigslist is 
my personal experience.
 
Janet
 
 
In a message dated 8/5/2009 11:39:32 P.M. Central Daylight Time,  
bill at effros.com writes:

Janet,

You know I can't legally do  that.  Maybe Leslie doesn't.

In fact, I have never taken money for  helping people sell their homes, I 
make no money from maintaining this Forum,  I take no advertising, I give no 
endorsements, and while I have probably  earned a quarter of million dollars 
from the sale of the book, that is over a  22 year period, and it is hardly 
enough to sustain a family of 4.

I  recommend a method I stumbled across when I was in trouble.  I honestly  
believe it is the best way for anyone to sell a home.  Friends and family  
ask for my help whenever they have homes to sell.  I have corresponded  with 
literally thousands of people who have successfully used the  method.  When 
someone tries something that works, I try it, too.  I  am constantly 
modifying the Method as I learn to implement it better.  If  something 
consistently fails, I tell everyone I know to not use a technique  that has a lower 
success rate.

I am sorry if you and Leslie paid too  much for the homes you are trying to 
sell, however you both seem intent on  killing the messenger to get 
revenge.  That is really not helpful to  FSBOs.

We are all living through difficult times.  The 5-Day  Method does not 
change the market.  I answer a lot of questions, but it  seems to me I told you 
from the outset that the modification you decided upon  would not work--or 
do I have you confused with someone else?

Craigslist  costs FSBOs nothing.  If they follow the central concepts in my 
book, and  use only Craigslist, they can know in 3 days whether they can 
sell their homes  for anything close to what they are hoping for--and if they 
can't, they should  cancel the sale right then and there!  

You can't fool the  market!

Bill Effros
Author

_Janetislight at aol.com_ (mailto:Janetislight at aol.com)  wrote:  
Leslie,
 
Let me know if he takes you up on it.  LOL
 
Janet
 
 
In a message dated 8/5/2009 3:47:02 P.M. Central Daylight Time, 
_artchr61 at yahoo.com_ (mailto:artchr61 at yahoo.com)  writes:

 
Dear Bill,
I second the motion, and I will tell anyone thinking of doing a 5 day  sale 
to think twice about buying your new book. Craigslist is obviously  not the 
holy grail of advertising you're making it out to be. For example,  when 
someone is searching for real estate on Craigslist, they put in a  town AND a 
price range. If you list your home for 24,500 no one will  see it because no 
one will be searching at that price point.
By the way, Bill, since you've been running successful 5 day sales  for the 
past 20 years, I would be more than happy to pay you a commission  to come 
to my home and help me out!  Just let me know when to expect  you!!
 
Leslie
  
____________________________________
 
From: _"Janetislight at aol.com"_ (mailto:Janetislight at aol.com)  
_<Janetislight at aol.com>_ (mailto:Janetislight at aol.com) 
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Sent: Wednesday, August 5, 2009  3:02:06 PM
Subject: Re:  [5-DayForum] FEAR



 
This was my experience Exactly!  I did sell a home on Craigslist  before, 
but it was at market price.  I'm sure those that saw my price  on this last 
property just thought it was bull and moved on because no way  would even a 
foreclosure sell for that amount in the neighborhood that my  house was in.  
If this next book is going to be about Craigslist  only..... I'm not buying 
it.
 
Janet
 
 
In a message dated 8/5/2009 11:27:00 A.M. Central Daylight Time, 
_artchr61 at yahoo.com_ (mailto:artchr61 at yahoo.com)  writes:

 
I'm not quite sure what to make of all this right now. I know  in my 
neighborhood homes are selling and have sold in the  400,000-550,000 range. Some 
homes in my town are selling currently for  quite a bit more, so this is not 
one of the depressed areas.  (I am  in the north suburbs of Chicago) 
I tried the 5 day sale and listed my house in 3 major papers,  Craigslist, 
and Kijiji. The newspapers are not only in print, but online  versions as 
well. I followed Bill's layout exactly.  I have been  told by 2 realtors that 
my home is worth about 500,000 in today's  market; it would have been closer 
to 600,000 a few years ago. I listed  my house for 249,500 (magic number!) 
but got no repsonses from any  internet advertising, only from the 
newspapers. I got 8 calls from  people, told them about my house and then emailed to 
them further  information if they wanted more.  I ended up changing my 5 day 
sale  to a traditional open house and informed the 8 people that contacted 
me  about the change. Only 1 of those people showed up a my open house.  
>From signs I put out on the street I got an additional 6  families.
>From what I've read here on the forum, NO ONE is getting responses  from 
Craigslist. Craigslist is not for people looking to spend a large  amount of 
money. Craigslist is for people looking for deals on stuff,  not real estate 
(not to mention all the scams on Craigslist) I have  only had luck on 
Craigslist when I am selling stuff at a bargain price  or giving things away to 
clean out my garage. That's it.
Bill, if you think that Craigslist is the answer, you're on the  wrong 
track. I don't think anyone here at the forum has had ANY success  with 
Craigslist. And I think that putting a ridiculously low price on  the house would 
just make people suspicious about scams and run down  foreclosures, especially 
on Craigslist.
 
Leslie


 
____________________________________
 From: Bill Effros _<bill at effros.com>_ (mailto:bill at effros.com) 
To: How To Sell Your Home in 5-Days  
_<5-dayforum at mailman.howtosellyourhomein5days.com>_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Sent: Wednesday, August 5, 2009  7:53:21 AM
Subject: Re:  [5-DayForum] FEAR

Gary,

What is the rest of  this story?

What do you think these properties are currently  worth?

Let's start with property 2.

You had a complete  failure with property 1 but you decided to try property 
2  anyhow.

You imply it is worth at least $300,000, which would mean  your starting 
price was $149,500.  22 people showed up, you got 11  bids, and the highest 
one was $75,000.

I've been running 5 Day  Sales for more than 20 years, and I've never heard 
of a single instance  where people followed the method and the best price 
they were offered  was 50% of a starting price that was 50% of current market 
 value.

By the way, what did you pay for the property, and when  did you buy it?

This Forum seems to have attracted a lot of  speculators who paid more for 
properties than they are worth, and now  want to blame the market for their 
miscalculations.

The  successful speculators are making a fortune using the 5-Day Method, 
and  many use it exclusively.  I hear from them constantly--many are  selling 
multiple properties every single weekend.  They know what  to pay, and they 
immediately turn around and sell.  If you look  back in the archives, some 
of them pop up once or twice, but basically  they have neither time nor 
interest in explaining what they are  doing.  If you paid too much for the 
properties you are trying to  sell, neither the  5-Day Method nor anything else is 
going to bail  you out.

Bill Effros
Author



Gary Noel  wrote:  
 
Bill, have you run a 5 day sale in the last month?  I  have!  A townhouse 
where nothing sold in the complex for less  than $150,000 in the last 3 
months, 6 months or year.  That  includes the bank (trashed) REO's that sold in 
the complex.   There are two properties that were listed on the MLS for 
$189,000  that are currently under contract.  We did the 5 day and the  highest 
bid we received was $94,000.  The property is in great  condition but yet the 
highest bid was $94,000.  By the way the  trashed REO that sold less than 2 
months ago sold for $150,000.   I don't remember how many window were 
broken nor the number of holes  in the wall, etc.
 
And property number 2 we did a 5 day this last weekend.  No  model like 
this sold for under $300,000 and the last one that sold was  for $469,000 in 
this area.  The highest bid we received was  $75,000.  We had a lot more than 
the 25 minimum calls, 22 people  show up, 11 people put bid amounts and a 
high bid of $75,000 Sunday  night.
 
Let me know how your 5 day goes.


 
____________________________________
 From: Bill Barks _<barks4444 at comcast.net>_ (mailto:barks4444 at comcast.net) 
To: How To Sell Your Home in  5-Days 
_<5-dayforum at mailman.howtosellyourhomein5days.com>_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Sent: Tuesday, August 4, 2009  3:04:01 PM
Subject:  Re: [5-DayForum] FEAR

I disagree that the process is not  working.  I think it is working.  The 
discrepancy in the  price delivered through the 5-day sale and the price 
expected by  the seller is that  there aren't buyers out there willing to 
pay  
what the seller thinks it is worth.  therefore the seller is  wrong in 
their 
estimation.  In any market the house is only  worth what someone is willing 
to pay for it.  So in fact the  process is working .  it is identifying 
what 
the house is  worth in your market at the time the sale is run.  Likely the 
 
number is what it sold for 10-12 years ago before the unjustified  run-up 
in 
housing prices. -the bubble.

Some experts say the  sub-prime mess is nothing compared to the "prime mess 
we are about  to see.

I am having first hand experience with this - a 1.2  million dollar 
purchase 
in Nov '06 of 300' of western-facing  waterfront - with a 2900'sq ft well 
constructed fully remodeled  ranch house and 650' sq ft guest house. in a 
rural area of the  Puget  Sound region of Western Washington state,. 
Currently  there are 32 homes on the market in my price range with only 2  
sales since March.    Other than a 5-day sale, which I  plan to run next 
week,  it is very difficult to ascertain the  value of a property.  I ran 
some hypothetical "bargain" # s  by a realtor in the area for 27 years --I 
asked " what about $  850,000 ?- would that get buyers excited ?- his reply 
was "join  the club, there are homes currently listed at 1/2 of what they  
were listed 1 year ago--and no interest.  the buyers just  aren't there".

That is the real FEAR issue- buyers a afraid to  buy what may likely turn 
out 
to be a depreciating liability ,  rather than an asset.  And what bank 
would 
want to loan in  that situation?

So run the 5-day sale --to the book...and there  will be your answer as to 
what your house is worth....and then  make your plan accordingly --rather 
than on what you "wish" your  home would sell for.




----- Original Message -----  
From: "Steven Herbert" <_sterbert at yahoo.com_ (mailto:sterbert at yahoo.com) >
To:  "How To Sell Your Home in 5-Days" 
<_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
Sent:  Tuesday, August 04, 2009 12:06 PM
Subject: Re: [5-DayForum]  FEAR


I'm a little irritated. The BOOK claims that you can  get the best possible 
price by using Bill's method--that hasn't  been the case on this forum, for 
a 
long while). So SUCCESSES are  being defined as any sell for any price ("at 
least you got an  offer" kind of success).

Knowing the best advertising in your  area is a complicated process. 
Advertising rules have changed in  Tacoma--Seattle area (1 newspaper just 
retired itself) and few  hits came from Craigslist. No system is perfect so 
I 
don't believe  as religious truth that "3 real buyers" will show up if you 
price  the house at 50% ... b/c folks actually believe that 50% is a  
possiblity.

Just my thoughts and opinions. I'm here on the  forum listening for info 
but 
I listed w/flat-fee MLS just  recently.

Steven


--- On Tue, 8/4/09, Gary Noel  <_gnoel88 at yahoo.com_ 
(mailto:gnoel88 at yahoo.com) >  wrote:

> From: Gary Noel <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >
>  Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in  5-Days" 
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Date: Tuesday, August 4, 2009, 1:53 PM
> Hi
>  Rosemarie,
>
> You mentioned something about having two  successful
> auctions. Can you share with us what you did to  have
> such a wonderful experience? I've personally  tried
> two so far and advertised in many ways Bills'
>  doesn't mention. For example, passing out flyers
> and putting  up signs on street corners. In tracking
> the calls very few  came from the newspaper and internet
> while most all came from  the flyers and signs. Even
> though I had 22 people come to the  auction with 11 initial
> biders, the top bid was about one  third of the current
> value. So my question to anyone who can  help is: what
> can be done to get the bid up to a little closer  to market
> value? Nothing in the area has sold for less than  four
> times the highest bid we received on this  model.
>
>
>
>
>
> From:
>  rosemarie-fred <_rosemarie-fred at mindspring.com_ 
(mailto:rosemarie-fred at mindspring.com) >
>  To: How To
> Sell Your Home in 5-Days
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Sent:
> Tuesday, August 4, 2009 7:01:56 AM
> Subject:  Re:
> [5-DayForum] FEAR
>
>
> #yiv206810613  DIV {
> MARGIN:0px;}
>
>
> Leslie -
>  There are lots of success
> stories. You haven't been on this  forum very long, or
> you would know that Bill does read it and  weighs in when he
> thinks it's worth it. Since this forum is  about his
> methods, I think we should be a little more polite  about it,
> at least!
> I have had two successful
>  sales, and am planning another. If you read the archives you
>  will find plenty of them.
> There are factors that
>  affect how things work that have nothing to do with the
> book,  but Bill always says that if you run the sale
> according to his  methods you will find out the value of the
> house to the  marketplace at that time. The 5-day sale is
> usually ahead of  the rest of the market.
> Bill is now working on the
>  fourth edition, which may be why we are not hearing from him
>  as much as usual. I know we are all interested to know what
> he  will change. I know there will be more emphasis on
> internet  advertising.
> Let us know if you are
> successful with  the realtor.
> Rosemarie
>
> ----- Original Message  -----
>
> From: Leslie Michaels
>
> To:  How
> To Sell Your Home in 5-Days
> Sent: Monday,  August
> 03, 2009 11:39 PM
> Subject: Re:
>  [5-DayForum] FEAR
>
>
>
> I would have to say  that the book is very out dated
> for this real estate economy.  I have yet to hear of any real
> positive feedback in favor of  the book and the methods it
> promotes. I think the forum is a  great way to find out what
> really works, not what Bill Effros  wrote...(maybe he should
> be reading this forum as well!) I  followed the
> book with regards to newspaper ads and some signs  but it was
> very disappointing. I spent nearly 600.00 in  advertising
> with nothing to show. Flyers probably wouldn't  work in
> my area since most people around here just throw them  away.
> I live in an upper middle class town near Chicago  and
> I've tried the flat fee MLS with some showings and  no
> offers, Bill's book with no success at all, and now
>  I'm going with a full service realtor at the end of
> the month.  Homes in my area are selling with full
> service realtors, so  I'm going that route and hopefully
> I can sell my house by the  end of the year. I
>  personally won't waste any more time  or money with
> Bill's plan, but if anyone out there has a good  success
> story, I'd love to hear it!!
>
>  Leslie
>
>
>
>
> From: Gary
> Noel  <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >
>  To: How To
> Sell Your Home in 5-Days
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Sent: Monday,
> August 3, 2009 10:25:42 PM
> Subject:  Re:
> [5-DayForum] FEAR
>
>
>
> Actually  I'm not sure when would be the best time
> to have the auction.  But I will add this. The
> flyers and signs were by far the  biggest draw.
> We'll figure out what works and what  doesn't.
> It may be just doing something completely different  that the
> book does have in  it.
>
>
>
>
>
> From:
>  Stephanie Glazar <_sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) >
>  To: How To
> Sell Your Home in 5-Days
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Sent: Monday,
> August 3, 2009 6:57:58 PM
> Subject:  Re:
> [5-DayForum]  FEAR
>
>
>
>
>
>
> Thanks  for your story Gary!
> After sending the email, I've had some  time to
> think. The truly scary thing would be to be stuck  with
> the property for another winter with the 200 dollar  monthly
> heating bill and the 600 dollar mortgage and the  garbage
> bill, taxes, etc.! I'm here at a Panera's
>  reading the book from cover to cover. I had just read
> enough  to be interested. My realtor showed my home to
> only 3 people  in a year.....actually, it was one until I
> complained and in  June 2 more people were shown my
> home. I got out of my  contract and the
> home's got to go. I like your idea  about
> flyers in the neighborhood. I'm going to do  that!
>
>
> I was aiming for the end of August. Do  you
> suppose that's a better date than the first week  of
> September?
>  Stephanie
>
>
>
>
>
>
>  Stephanie S.
> Glazar
> 412-443-5670
>  (cell)
> _sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) 
>
>  --- On Mon, 8/3/09, Gary Noel
> <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >  wrote:
>
>
> From: Gary Noel <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >
>  Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in  5-Days"
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Date: Monday, August 3, 2009, 6:06  PM
>
>
>
>
>
>
> Hi  Stephanie,
>
> We did 2 round robin auctions, one this  last week end
> and th other two week ends ago. The  first
> one was a townhouse in great condition. Nothing in  the
> complex has sold under $150,000. Our highest offer  was
> $94,000. The other property needed work but when  fixed
> up would be worth in the $300's. I don't even
>  want to tell you what the highest offer was.
>
> We passed  out 1500 flyers door to door, put an ad in
> the paper, put  signs on just about every street corner for
> blocks around the  property, had a large orange sign in front
> of the property,  rented a wind dancer to draw attention, had
> about 8 other  signs in front of the property, had the strip
> of flags  streched out. Yah, it was a little
> disappointing. But we will  probably try it again on
> another property and try a few things  differently to see if
> we can get better results. I believe  this method
> should work. I just don't know what the  missing
> link is yet.
>
>
>  Gary
>
>
>
>
>
> From:
>  Stephanie Glazar <_sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) >
>  To:
> _5-dayforum at howtosellyourhomein5days.com_ 
(mailto:5-dayforum at howtosellyourhomein5days.com) 
>  Sent: Sunday,
> August 2, 2009 11:19:20 PM
>  Subject:
> [5-DayForum]  FEAR
>
>
>
>
>
>
> 5-day  forum,
> I am frightened that we will sell our house for  much
> much less than what it is worth because of the  market.
> My realtor only showed my home to 3 people in a  year.
> I fought to have my contract voided because of that  and
> won. Last year, August 2008, I had hopes of selling  my
> home for $55,000. According to the book, I should  set
> the price at one-half that, at $27,000 and then drop down  to
> the magic 500 number, so my ad should read $26,500.  I
> am very worried that this would be what my house would  sell
> at. I need $23,300.00 to pay off the home equity  loan
> attached to the home.
>
> The book I bought  was copyrighted, 2007. Does
> this method hold true for this  terrible real estate market
> in 2009? I would appreciate any  positive comment.
>
>  Stephanie
>
>
>
>
>
> Stephanie  S.
> Glazar
> 412-443-5670
>  (cell)
>
>
> _sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) 
>
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From bill at effros.com  Thu Aug  6 09:23:55 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 06 Aug 2009 09:23:55 -0400
Subject: [5-DayForum] How am I doing so far...a little
	encouragement	please!?!
In-Reply-To: <080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
References: <c61.5132d2a5.37aae225@aol.com>	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>	<4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl>	<4A7A5689.9060800@effros.com>
	<080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
Message-ID: <4A7AD96B.9050203@effros.com>

Julie,

The process is daunting in the best of times -- whether you do it by 
yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home 
at the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you 
get 25 or 52 doesn't really matter.  The fact that you got 7 from 
Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are 
going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has 
responded that you are going to run the sale next weekend if you get the 
rest of the responses you need, or you are going to tell everyone that 
you cannot sell your home at this time using this method, but you are 
still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you 
would have spent nothing, but you would know a lot more than if you had 
signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one 
else responds, you have located 13 potential buyers at virtually no 
cost.  Very few brokers bring 13 potential buyers to any home for sale 
in a year -- good times or bad -- and their contracts stipulate that 
they "own" those buyers, even if the buyer later buys directly from you 
at a price substantially lower than the price listed in the contract, 
the broker still gets a commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be 
completely honest with them.  See if you can find a fair deal with any 
of them.

If not, wait 3 months and start the 5-Day Method again, to see if the 
market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day 
Sale, you must commit, in your own mind, to following through on Sunday 
night.  Buyers can hear from your answers whether you are truly going to 
sell to the high bidder, or if you view the 5-Day Method as just a "bait 
and switch".  If it sounds like a "bait and switch" the real buyers will 
head for the exit without ever leaving a bid.  You would, too.  You 
can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I 
cannot sell Janet's house for her without putting myself in peril, I 
also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of 
them graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  
You do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and 
you make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and 
seller both want to go through with it.

Nobody can get you the price you want if the market will not support 
that price.  If you use the 5-Day Method you can get the current market 
price in 5-Days--every time--if you just stick closely to the method.  
The method "succeeds" every time for those who use it properly.  The 
negative comments you read on this forum come from people who blame the 
market for their mistakes.  They all could have sold their homes in 5 
Days if they were prepared to take the current market value.

You can, too.  You are well on your way.  I wish you could get today 
what you could have gotten for your home 3 years ago.  But you can't.  
And no one else can either.

5-Day Sales are emotionally draining.  They compress a lot of major 
financial decisions into a short time frame.  It would appear you are 
well on your way to being able to sell your home in 5-Days, provided 
only you work out any difference between the current market value and 
the least you are able to take.  If you view your 5-Day Sale through 
this lens you will be offered the most anyone will offer for your home 
at this time.

Decide now if you are going to take the offer.  If not, do not follow 
through with the Inspection and Round Robin--do something else Friday 
night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote:
> Just thought I'd jump in here...I certainly am not a pro...but I 
> placed an ad on Craigslist today and received 7 responses...Is that good?
>  
> So far, between flyers, an ad in the newspaper, and Craigslist I have 
> 13 responders in one day? I am hoping and praying for at least 40 by 
> Friday night, with a minimum of the necessary 25.
>  
> This process is a little scary. I was hoping to find more 
> encouragement on this Forum. I understand telling the bad with the 
> good. But when you are doing something that you are already fearful 
> about...it sure would be good to have a little more assurance of the 
> truth.
>  
> The truth is until a formal contract is signed neither I nor the buyer 
> are bound to the bidding process.--is that true?
>  
> The truth is if this process doesn't work...I have the names and 
> numbers of realtors...investors...and individuals who have expressed 
> interest in my home that I can respond back to at a later time--is 
> that true?
>  
> The truth is if I commit to this process...I will know by Sunday 
> evening a very close estimate to what buyers say the value of my home 
> is for that time and date...and I have the choice to either accept or 
> reject their evaluation...of course with the understanding that I WILL 
> take the highest bid Sunday evening, as long as it meets the banks 
> highest bid of what I owe on it--is that true?
>  
> Please encourage me! This process is daunting the first time and just 
> need a little encouragement from anyone who has had success.
>  
> Julie from Kentucky
>
>     -------------- Original message from Bill Effros
>     <bill at effros.com>: --------------
>
>     Agreed.
>
>     But it tells you everything you need to know.
>
>     If you want to sell it now you can only get the current market
>     price.  No one can say if that price will be higher or lower 3
>     months from now, or 6 months from now.
>
>     You can play around with 5 Day ads on Craigslist for nothing.
>
>     Always start them late Tuesday night.  If you don't have 2 or 3
>     responses by noon Wednesday, pull the ad and think over what that
>     means.  It doesn't necessarily mean you can't sell your home, and
>     it doesn't necessarily mean you can't get twice the starting price.
>
>     But would you take twice the starting price? or 90% of what you
>     are hoping for?  or 80%?
>
>     At 1/2 current market price there should be a lot of enthusiasm,
>     and the fast hit you get on Craigslist means failing to get 2 or 3
>     responses by noon Sunday must be interpreted as not enough enthusiasm.
>
>     I know you have been honestly trying to work this out, and you
>     know I have never seen a housing market situation like the one
>     we're in.  I'll keep thinking out loud with you, if you like.  At
>     some point you'll know what you have to do.
>
>     Bill Effros
>     Author
>
>     j crafor wrote:
>>     Agents here will NOT list for 3 months, unless there is an
>>     automatic 3 month extension. THEN, according to one contract I
>>     read, there is ANOTHER three months beyond that that the seller
>>     cannot sell to anyone without giving the agent a commission,
>>     UNLESS it was re-listed with another agent. This was a contract
>>     from the agent that I had been working with for 15 years.
>>      
>>     That IS correct, which is why I decided to do FSBO.
>>      
>>     The last agent that I talked to, showed the house to at the open
>>     houes, immediately wanted to list it, 7.5% commission, 9 month
>>     listing....
>>     No thanks.
>>      
>>     ------------------------------------------------------------------------
>>     Date: Wed, 5 Aug 2009 10:34:07 -0400
>>     From: bill at effros.com
>>     To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>     Subject: Re: [5-DayForum] Had a sale last weekend
>>
>>     JCrafor,
>>
>>     Your home is in a place where it has become extremely difficult
>>     to sell homes -- at any price.  Nobody knows what they are worth
>>     at this time.  List with an agent for a limited time period --
>>     let's say 3 months.  See what happens.  Let us know.
>>
>>     I believe we are headed for a lot of inflation.  Homes in some
>>     places will start to rise in selling price.  But other homes will
>>     never be sold at any price.
>>
>>     Just my opinion -- this is not my area of expertise.
>>
>>     Bill Effros
>>     Author
>>
>>     j crafor wrote:
>>
>>         I had only one response for the 5day from Craigslist, and
>>         more for the standard open house on Craigslist.
>>         Was considering doing a 5day this coming weekend (in Tucson)
>>         but will have a standard open house instead.  Sort of
>>         considering listing with an agent...
>>         JCrafor
>>          
>>         ------------------------------------------------------------------------
>>         From: Janetislight at aol.com <mailto:Janetislight at aol.com>
>>         Date: Wed, 5 Aug 2009 09:24:53 -0400
>>         To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>         <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>>         Subject: Re: [5-DayForum] Had a sale last weekend
>>
>>         Yes, it would be interesting to know how to do this on
>>         Craigslist, since I has zero responses from an ad placed as
>>         laid out in the book.
>>          
>>         Janet
>>          
>>          
>>         In a message dated 8/4/2009 5:54:54 P.M. Central Daylight
>>         Time, bill at effros.com <mailto:bill at effros.com> writes:
>>
>>             Sue,
>>
>>             You already understand most of what you've got to know.
>>
>>             The big change in the 4th edition is that it is now
>>             possible to run a 5-Day sale with zero advertising cost.
>>
>>             All you need is Craigslist.
>>
>>             Start your home at $24,500.  I know.  It sounds crazy.
>>
>>             But you know you'll get more than 25 responses by Friday
>>             night, and some people who say they will never leave St.
>>             Louis are going to drive out just to see what's going
>>             on.  You will get the most you can get for your home at
>>             the present time.
>>
>>             I have started at absurd prices many times. Literally a
>>             zillion people show up, and you must be ready for them. 
>>             There is no question that most of them cannot or will not
>>             pay what you are hoping for.  But so what?  3 people who
>>             know what your home is currently worth will pop out of
>>             the crowd, bid against each other, and you will get the
>>             most you can get for your home on the weekend you pick.
>>
>>             Enough people have computers so that you no longer have
>>             to take telephone calls.  You can do everything on the
>>             web -- and the response is instantaneous.
>>
>>             Prepare materials to email back to people before placing
>>             the ad.  You can send pictures.  You can explain in
>>             detail how you will run the sale.  Because you get to
>>             write it all out in advance, you can be sure everyone
>>             gets the same information, and you can be sure you have
>>             said exactly what you want to say.
>>
>>             I can't tell you exactly what materials to provide in
>>             response to Craigslist inquiries because I don't know
>>             yet.  I do know you will get an overwhelming number of
>>             responses, and virtually everyone looking for a home like
>>             yours will know yours is available and REALLY will be
>>             sold to the high bidder Sunday night.
>>
>>             Unlike Bill, your home can certainly be sold at this
>>             time.  Just like Bill, you can know exactly what you've
>>             got to do in just 5 Days at no cost.
>>
>>             If you start to develop "stock" internet responses to
>>             Craigslist, let us know what they are, and how they worked.
>>
>>             The Craigslist headline and body copy work differently
>>             than newspaper 5-Day Ads.  Again, let us know what works.
>>
>>             Also, watch the resubmission rules -- you don't want' to
>>             get frozen out of Craigslist in the middle of your 5-Day
>>             Sale.  I generally try to run one ad starting Tuesday
>>             night and deleting Thursday.  And an updating ad running
>>             Friday Saturday and Sunday.  You should have 25 responses
>>             by Thursday night.
>>
>>             Let us know how it goes.  You're on the right track.
>>
>>             Bill Effros
>>             Author
>>
>>
>>
>>             Sue Pruett wrote:
>>
>>                 I am a big fan of this method.  We used the first
>>                 book back in 1995 to sell our first house, and it
>>                 worked great!  I always knew we would use this method
>>                 for our second house.  Well, the time has come to
>>                 sell our second house!  I purchased the book just
>>                 about a month ago.  However, I didn't realize there
>>                 was a third edition until about two weeks ago.  The
>>                 seller didn't inform me of this fact!  I'm sure there
>>                 is a lot in the third edition that would have been
>>                 helpful to us!
>>                  
>>                 Well, here's where our story stands right now. 
>>                  
>>                 We live in Southern Illinois, across the Mississippi
>>                 from St. Louis.  Homes in our neighborhood have been
>>                 selling in the upper $80's in the past 4 months. 
>>                 When we compare our home to these, some things are
>>                 better in ours, some are worse.  Ours is larger than
>>                 any of them.  We had hoped to get about $90K, but
>>                 would have been more than satisfied with $85K. 
>>                  
>>                 We tried the sale two weeks ago with ads in the only
>>                 daily in town.  We got 4 calls.  We postponed the
>>                 sale.  We were able to advertise in two weeklies, in
>>                 addition to the daily.  We broke a big rule - we only
>>                 had 17 calls by Friday, but went ahead with the
>>                 sale.  At least 12 of our callers were so excited
>>                 about the house, we thought we were good to go. 
>>                 Don't break that rule!  We only had 5 families come
>>                 to look, and only two bidders, and one could not
>>                 afford our starting price.  We did get a $75K offer,
>>                 and we agreed to sell it to her.
>>                  
>>                 The other thing we did was start at $74,500, because
>>                 we were scared to start lower.  I'm sure this also
>>                 contributed to fewer callers.  We arent' sure the
>>                 current buyer is going to come through.  We should
>>                 know by tonight.  If she doesn't, we are purchasing
>>                 the third edition of the book, and doing it right! 
>>                 We'll start at $49,500, and we'll utilize the other
>>                 advertising methods discussed in the third edition. 
>>                 I almost wish the fourth edition was already out, as
>>                 I'm worried we are behind the times with the internet
>>                 advertising. 
>>                  
>>                 I know I've gone on a long time, but I do have a
>>                 question - can anyone point me to which internet
>>                 advertising you all use.  I've never used anything
>>                 but ebay to sell over the internet, and not for
>>                 something like a house!    I'd just like to get a
>>                 picture of how internet advertising works.  Thanks so
>>                 much for sticking with my story!
>>
>>                 Sue Pruett
>>                 32950 Delhi Road
>>                 Brighton, IL  62012
>>                 618-372-3501
>>                 Visit my blogs at http://www.thecharlottemasongirl.com/
>>                 and http://www.illinoisgreenhome.com
>>                 <http://www.illinoisgreenhome.com/>
>>                 and http://parentingwithstyle.blogspot.com/
>>                  
>>
>>                 ------------------------------------------------------------------------
>>
>>                 _______________________________________________
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>>                   
>>
>>
>>
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>>
>>         ------------------------------------------------------------------------
>>
>>         ------------------------------------------------------------------------
>>         Get back to school stuff for them and cashback for you. Try
>>         BingT now.
>>         <http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackToSchool_Cashback_BTSCashback_1x1>
>>
>>
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>>           
>>
>>
>>     ------------------------------------------------------------------------
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>>     now.
>>     <http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackToSchool_Cashback_BTSCashback_1x1>
>>
>>     ------------------------------------------------------------------------
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From Janetislight at aol.com  Thu Aug  6 09:25:27 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Thu, 6 Aug 2009 09:25:27 EDT
Subject: [5-DayForum] How am I doing so far...a little encouragement
	please!?!
Message-ID: <cac.53f6a403.37ac33c7@aol.com>

All true!
 
Tell us how is goes and Great Luck!!!!!
 
Janet
 
 
In a message dated 8/6/2009 6:31:29 A.M. Central Daylight Time,  
juliegorman at bellsouth.net writes:




Just thought I'd jump in here...I certainly am not a pro...but I placed  an 
ad on Craigslist today and received 7 responses...Is that good? 
 
So far, between flyers, an ad in the newspaper, and Craigslist I have 13  
responders in one day? I am hoping and praying for at least 40 by Friday  
night, with a minimum of the necessary 25. 
 
This process is a little scary. I was hoping to find more encouragement  on 
this Forum. I understand telling the bad with the good. But when you  are 
doing something that you are already fearful about...it sure would be  good 
to have a little more assurance of the truth.
 
The truth is until a formal contract is signed neither I nor the buyer  are 
bound to the bidding process.--is that true?
 
The truth is if this process doesn't work...I have the names and numbers  
of realtors...investors...and individuals who have expressed interest in my  
home that I can respond back to at a later time--is that true?
 
The truth is if I commit to this process...I will know by Sunday evening  a 
very close estimate to what buyers say the value of my home is for that 
time  and date...and I have the choice to either accept or reject their  
evaluation...of course with the understanding that I WILL take the highest bid  
Sunday evening, as long as it meets the banks highest bid of what I owe on  
it--is that true?
 
Please encourage me! This process is daunting the first time and just  need 
a little encouragement from anyone who has had success.
 
Julie from Kentucky

--------------  Original message from Bill Effros <bill at effros.com>: 
--------------  

Agreed.

But it  tells you everything you need to know.

If you want to sell it now you  can only get the current market price.  No 
one can say if that price  will be higher or lower 3 months from now, or 6 
months from now.

You  can play around with 5 Day ads on Craigslist for nothing.

Always  start them late Tuesday night.  If you don't have 2 or 3 responses 
by  noon Wednesday, pull the ad and think over what that means.  It doesn't  
necessarily mean you can't sell your home, and it doesn't necessarily mean  
you can't get twice the starting price.

But would you take twice the  starting price? or 90% of what you are hoping 
for?  or 80%?

At  1/2 current market price there should be a lot of enthusiasm, and the 
fast  hit you get on Craigslist means failing to get 2 or 3 responses by noon 
 Sunday must be interpreted as not enough enthusiasm.

I know you have  been honestly trying to work this out, and you know I have 
never seen a  housing market situation like the one we're in.  I'll keep 
thinking out  loud with you, if you like.  At some point you'll know what you 
have to  do.

Bill Effros
Author

j crafor wrote:  
Agents here will NOT list for 3 months, unless there is an automatic 3  
month extension. THEN, according to one contract I read, there is ANOTHER  
three months beyond that that the seller cannot sell to anyone without  giving 
the agent a commission, UNLESS it was re-listed with another agent.  This was 
a contract from the agent that I had been working with for 15  years. 

That IS correct, which is why I decided to do FSBO.  

The last agent that I talked to, showed the house to at  the open houes, 
immediately wanted to list it, 7.5% commission, 9  month listing....
No thanks. 

 
____________________________________
Date: Wed, 5 Aug 2009 10:34:07 -0400
From: _bill at effros.com_ (mailto:bill at effros.com) 
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a  place where it has become extremely difficult to sell 
homes -- at any  price.  Nobody knows what they are worth at this time.  List  
with an agent for a limited time period -- let's say 3 months.  See  what 
happens.  Let us know.

I believe we are headed for a lot  of inflation.  Homes in some places will 
start to rise in selling  price.  But other homes will never be sold at any 
price.

Just  my opinion -- this is not my area of expertise.

Bill  Effros
Author

j crafor wrote:  
I had only one response for the 5day from Craigslist, and more for  the 
standard open house on Craigslist.
Was considering doing a 5day  this coming weekend (in Tucson) but will have 
a standard open house  instead.  Sort of considering listing with an  
agent...
JCrafor

 
____________________________________
From: _Janetislight at aol.com_ (mailto:Janetislight at aol.com) 
Date: Wed, 5 Aug 2009  09:24:53 -0400
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

Yes, it would be interesting to know how to do this on Craigslist,  since I 
has zero responses from an ad placed as laid out in the  book.
 
Janet
 
 
 
In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, 
_bill at effros.com_ (mailto:bill at effros.com)   writes:

Sue,

You  already understand most of what you've got to know.

The big  change in the 4th edition is that it is now possible to run a 
5-Day  sale with zero advertising cost.

All you need is  Craigslist.

Start your home at $24,500.  I know.  It  sounds crazy.

But you know you'll get more than 25 responses by  Friday night, and some 
people who say they will never leave St. Louis  are going to drive out just 
to see what's going on.  You will get  the most you can get for your home at 
the present time.

I have  started at absurd prices many times. Literally a zillion people 
show  up, and you must be ready for them.  There is no question that  most of 
them cannot or will not pay what you are hoping for.  But  so what?  3 people 
who know what your home is currently worth  will pop out of the crowd, bid 
against each other, and you will get  the most you can get for your home on 
the weekend you  pick.

Enough people have computers so that you no longer have  to take telephone 
calls.  You can do everything on the web -- and  the response is 
instantaneous.

Prepare materials to email back  to people before placing the ad.  You can 
send pictures.   You can explain in detail how you will run the sale.  
Because you  get to write it all out in advance, you can be sure everyone gets 
the  same information, and you can be sure you have said exactly what you  
want to say.

I can't tell you exactly what materials to provide  in response to 
Craigslist inquiries because I don't know yet.  I  do know you will get an 
overwhelming number of responses, and  virtually everyone looking for a home like 
yours will know yours is  available and REALLY will be sold to the high bidder 
Sunday  night.

Unlike Bill, your home can certainly be sold at this  time.  Just like 
Bill, you can know exactly what you've got to do  in just 5 Days at no cost.

If you start to develop "stock"  internet responses to Craigslist, let us 
know what they are, and how  they worked.

The Craigslist headline and body copy work  differently than newspaper 
5-Day Ads.  Again, let us know what  works.

Also, watch the resubmission rules -- you don't want' to  get frozen out of 
Craigslist in the middle of your 5-Day Sale.  I  generally try to run one 
ad starting Tuesday night and deleting  Thursday.  And an updating ad running 
Friday Saturday and  Sunday.  You should have 25 responses by Thursday  
night.

Let us know how it goes.  You're on the right  track.

Bill Effros
Author



Sue Pruett  wrote:  
I am a big fan of this method.  We used the first  book back in 1995 to 
sell our first house, and it worked  great!  I always knew we would use this 
method for our  second house.  Well, the time has come to sell our second  
house!  I purchased the book just about a month  ago.  However, I didn't 
realize there was a third edition  until about two weeks ago.  The seller didn't 
inform me  of this fact!  I'm sure there is a lot in the third  edition that 
would have been helpful to us!
 
Well, here's where our story stands right now.   

We live in Southern Illinois, across the Mississippi from  St. Louis.  
Homes in our neighborhood have been selling  in the upper $80's in the past 4 
months.  When we compare  our home to these, some things are better in ours, 
some are  worse.  Ours is larger than any of them.  We had  hoped to get 
about $90K, but would have been more than  satisfied with $85K.  
 
We tried the sale two weeks ago with ads in the only  daily in town.  We 
got 4 calls.  We postponed the  sale.  We were able to advertise in two 
weeklies, in  addition to the daily.  We broke a big rule - we only had  17 calls 
by Friday, but went ahead with the sale.  At  least 12 of our callers were 
so excited about the house, we  thought we were good to go.  Don't break that 
rule!   We only had 5 families come to look, and only two bidders, and  one 
could not afford our starting price.  We did get  a $75K offer, and we 
agreed to sell it to her.
 
The other thing we did was start at $74,500, because we  were scared to 
start lower.  I'm sure this also  contributed to fewer callers.  We arent' sure 
the  current buyer is going to come through.  We should know  by tonight.  
If she doesn't, we are purchasing the third  edition of the book, and doing 
it right!  We'll start at  $49,500, and we'll utilize the other advertising 
methods  discussed in the third edition.  I almost wish the fourth  edition 
was already out, as I'm worried we are behind the  times with the internet 
advertising.  
 
I know I've gone on a long time, but I do have a  question - can anyone 
point me to which internet  advertising you all use.  I've never used anything 
but  ebay to sell over the internet, and not for something  like a house!    
I'd just like to get a picture  of how internet advertising works.  Thanks 
so much for  sticking with my story!


Sue  Pruett
32950 Delhi  Road
Brighton,  IL  62012
618-372-3501
Visit my blogs  at _http://www.thecharlottemasongirl.com/_ 
(http://www.thecharlottemasongirl.com/) 
and _http://www.illinoisgreenhome.com_ (http://www.illinoisgreenhome.com/) 
and _http://parentingwithstyle.blogspot.com/_ (http:
//parentingwithstyle.blogspot.com/) 
 
 
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From bill at effros.com  Thu Aug  6 09:25:43 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 06 Aug 2009 09:25:43 -0400
Subject: [5-DayForum] How to Unsubscribe
In-Reply-To: <4424efe20901240127r1ba45164h70553f4a8513c3d@mail.gmail.com>
References: <4424efe20901240127r1ba45164h70553f4a8513c3d@mail.gmail.com>
Message-ID: <4A7AD9D7.1030000@effros.com>

25 to 30 people a day subscribe and unsubscribe.

If you are having a problem, it is probably on your own computer.  The
confirmation notice is probably going into your junk, trash or spam folder.

Without confirmation that you are you, and that you wish to be
subscribed or unsubscribed, the Forum gets spammed by people who aren't
you, phishing for information about you that we never release.

When you want to unsubscribe from the 5-Day Forum you must do it for
yourself.

It is the reverse of the process you used to subscribe:

1.  Go to the 5-DayForum website:

www.5-DayForum.com

2.  Click on the blue word "unsubscribe" on the left side of the home page.

3.  Fill in the email address of your subscription in the box provided.

4.  Follow the instructions.

Bill Effros
List Administrator




From Janetislight at aol.com  Thu Aug  6 09:30:55 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Thu, 6 Aug 2009 09:30:55 EDT
Subject: [5-DayForum] How am I doing so far...a little encouragement
	please!?!
Message-ID: <be4.5c864b76.37ac350f@aol.com>

Bill,
 
Leslie did not have her sale.  I DID!!!
 
Janet
 
 
In a message dated 8/6/2009 8:26:37 A.M. Central Daylight Time,  
bill at effros.com writes:

Here we get to a tricky part -- I am not your  lawyer.  And just as I 
cannot sell Janet's house for her without putting  myself in peril, I also cannot 
give you legal advise without putting myself in  peril.


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From bill at effros.com  Thu Aug  6 09:34:17 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 06 Aug 2009 09:34:17 -0400
Subject: [5-DayForum] How am I doing so far...a little
	encouragement	please!?!
In-Reply-To: <be4.5c864b76.37ac350f@aol.com>
References: <be4.5c864b76.37ac350f@aol.com>
Message-ID: <4A7ADBD9.10206@effros.com>

Sorry, Janet, Clearly I confused you with someone else.

Bill Effros
Author

Janetislight at aol.com wrote:
> Bill,
>  
> Leslie did not have her sale.  I DID!!!
>  
> Janet
>  
> In a message dated 8/6/2009 8:26:37 A.M. Central Daylight Time, 
> bill at effros.com writes:
>
>     Here we get to a tricky part -- I am not your lawyer.  And just as
>     I cannot sell Janet's house for her without putting myself in
>     peril, I also cannot give you legal advise without putting myself
>     in peril.
>
>
> ------------------------------------------------------------------------
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From Janetislight at aol.com  Thu Aug  6 09:44:13 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Thu, 6 Aug 2009 09:44:13 EDT
Subject: [5-DayForum] How am I doing so far...a little encouragement
	please!?!
Message-ID: <d14.5000a2bb.37ac382d@aol.com>

My comments have been in reference to Craigslist and that it doesn't work  
in every market for every house.  For me, I got zippo from it.  That's  the 
one I am.  Sooooooooo....  I am "thinking" of modifying the  process for 
Craigslist.  I did NOT modify it for the sale of my  house.  My buyer did not 
come from the 5 day sale.  BUT, the sale  motivated a hummer and hawer into 
action and I received a full price contract on  that Sunday.  (The price for 
which I had it listed.)  My experience  was a bit different.  No one on my 
bidding sheet wanted to top the contract  amount.  So, in a backdoor kind of 
way, the method worked  brilliantly!!!
 
PS.  Writing books is arduous.  Hope you are coming along well  with yours.
 
Janet
 
 
 
In a message dated 8/6/2009 8:36:01 A.M. Central Daylight Time,  
bill at effros.com writes:

Sorry, Janet, Clearly I confused you with  someone else.

Bill Effros
Author

_Janetislight at aol.com_ (mailto:Janetislight at aol.com)  wrote:  
Bill,
 
Leslie did not have her sale.  I DID!!!
 
Janet
 
 
In a message dated 8/6/2009 8:26:37 A.M. Central Daylight Time, 
_bill at effros.com_ (mailto:bill at effros.com)  writes:

Here we get to a tricky part -- I am not your  lawyer.  And just as I 
cannot sell Janet's house for her without  putting myself in peril, I also cannot 
give you legal advise without  putting myself in peril.



 
____________________________________

 
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From rosemarie-fred at mindspring.com  Thu Aug  6 09:49:53 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Thu, 6 Aug 2009 09:49:53 -0400
Subject: [5-DayForum] How am I doing so far...a little
	encouragementplease!?!
References: <c61.5132d2a5.37aae225@aol.com>	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>	<4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl><4A7A5689.9060800@effros.com>
	<080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
Message-ID: <3BA6F3939E2645B5B15823F9320C0889@rosemarifv6onv>

Sounds like you're on the right track.
Just be yourself when you are speaking to possible buyers, and have confidence. Greet every visitor to your open house as if they were the buyer you've been waiting for! Let them explore your house and answer their questions truthfully. 
 Sometimes when I read about people not succeeding at this, I sense an underlying attitude that may turn people off. Like calling bargain hunters "bottom feeders" and other impolite names. We are offering a bargain, so we should expect bargain hunters.  
I went to someone's sale once, with every intention of offering to help, and I just turned around and walked out. They didn't know who I was - possibly their buyer - but they did not make me feel welcome.  They used teenagers as greeters - teenagers who obviously wished they were somewhere else!
So, I think you have the knowledge, you have some, at least of the "truth" and there is no reason your sale shouldn't succeed.
I have successfully sold two properties using this method. 
Good luck - keep us up to date on what happens.
Rosemarie
  ----- Original Message ----- 
  From: juliegorman at bellsouth.net 
  To: How To Sell Your Home in5-Days 
  Sent: Thursday, August 06, 2009 7:30 AM
  Subject: [5-DayForum] How am I doing so far...a little encouragementplease!?!


  Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

  So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

  This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

  The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

  The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

  The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

  Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

  Julie from Kentucky
    -------------- Original message from Bill Effros <bill at effros.com>: -------------- 

    Agreed.

    But it tells you everything you need to know.

    If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

    You can play around with 5 Day ads on Craigslist for nothing.

    Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

    But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

    At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

    I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

    Bill Effros
    Author

    j crafor wrote: 
      Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
       
      That IS correct, which is why I decided to do FSBO. 
       
      The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
      No thanks. 
       

--------------------------------------------------------------------------
      Date: Wed, 5 Aug 2009 10:34:07 -0400
      From: bill at effros.com
      To: 5-dayforum at mailman.howtosellyourhomein5days.com
      Subject: Re: [5-DayForum] Had a sale last weekend

      JCrafor,

      Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

      I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

      Just my opinion -- this is not my area of expertise.

      Bill Effros
      Author

      j crafor wrote: 
        I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
        Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
        JCrafor
         

------------------------------------------------------------------------
        From: Janetislight at aol.com
        Date: Wed, 5 Aug 2009 09:24:53 -0400
        To: 5-dayforum at mailman.howtosellyourhomein5days.com
        Subject: Re: [5-DayForum] Had a sale last weekend


        Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

        Janet


        In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
          Sue,

          You already understand most of what you've got to know.

          The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

          All you need is Craigslist.

          Start your home at $24,500.  I know.  It sounds crazy.

          But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

          I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

          Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

          Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

          I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

          Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

          If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

          The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

          Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

          Let us know how it goes.  You're on the right track.

          Bill Effros
          Author



          Sue Pruett wrote: 
                  I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

                  Well, here's where our story stands right now.  

                  We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

                  We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

                  The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

                  I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


                  Sue Pruett
                  32950 Delhi Road
                  Brighton, IL  62012
                  618-372-3501
                  Visit my blogs at http://www.thecharlottemasongirl.com/
                  and http://www.illinoisgreenhome.com
                  and http://parentingwithstyle.blogspot.com/
                 

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From juliegorman at bellsouth.net  Thu Aug  6 11:29:34 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Thu, 06 Aug 2009 15:29:34 +0000
Subject: [5-DayForum] How am I doing so far...a
	littleencouragement	please!?!
In-Reply-To: <4A7AD96B.9050203@effros.com>
References: <c61.5132d2a5.37aae225@aol.com>	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>	<4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl>	<4A7A5689.9060800@effros.com><080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<4A7AD96B.9050203@effros.com>
Message-ID: <080620091529.13134.4A7AF6DC000CFCD40000334E22243323629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?

Julie
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 
Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 
Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 
I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

Janet


In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 
I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

Well, here's where our story stands right now.  

We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/



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From Janetislight at aol.com  Thu Aug  6 11:40:29 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Thu, 6 Aug 2009 11:40:29 EDT
Subject: [5-DayForum] How am I doing so far...a littleencouragement
	please!?!
Message-ID: <be9.589ea0f0.37ac536d@aol.com>

I think you did the right thing.  Fair to everyone.  Looks like  your 25 
will be made and if they really are potential buyers, they will be  there.
 
Rooting for you!!!!  Rah! Rah! Rah!
 
Janet
 
 
In a message dated 8/6/2009 10:37:41 A.M. Central Daylight Time,  
juliegorman at bellsouth.net writes:




YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers.  
So far everyone is really excited and can't wait to find out our address. I  
did run into a situation where 2 of the potential buyers really wanted an  
address because they are looking in my area today...but I held to our 
position  that we are trying to be fair to all potential buyers so we are not 
releasing  our physical location until Friday evening but that I would contact 
them by  phone Friday evening with directions. They seemed frustrated, again 
only 2 out  of 17, but should I have given them more info?
 
Julie

--------------  Original message from Bill Effros <bill at effros.com>: 
--------------  

Julie,

The process  is daunting in the best of times -- whether you do it by 
yourself or  not.

7 responses from Craigslist is a good sign.

It does not  mean you will get what you are hoping for.

It does mean there are  plenty of people interested in buying your home at 
the current market  value.

Stop hoping and praying for 40 responses by Friday  night.  Whether you get 
25 or 52 doesn't really matter.  The fact  that you got 7 from Craigslist 
immediately is the best news you could  get.

If it doesn't fill out to 25 by Friday night you must know what  you are 
going to do.  You are not going to say "well, 23 is good  enough."

You have only 2 viable options -- either you tell everyone  who has 
responded that you are going to run the sale next weekend if you get  the rest of 
the responses you need, or you are going to tell everyone that  you cannot 
sell your home at this time using this method, but you are still  interested 
in selling your home.

So, at the end of day 3, if you had  advertised solely in Craigslist, you 
would have spent nothing, but you would  know a lot more than if you had 
signed up with a broker for 6 months or a  year.

If you decide not to sell your home in 5-Days at this time, and  no one 
else responds, you have located 13 potential buyers at virtually no  cost.  
Very few brokers bring 13 potential buyers to any home for sale  in a year -- 
good times or bad -- and their contracts stipulate that they  "own" those 
buyers, even if the buyer later buys directly from you at a  price 
substantially lower than the price listed in the contract, the broker  still gets a 
commission.

Work with the 13 potential buyers.   Talk to them.  Email them.  Be 
completely honest with them.   See if you can find a fair deal with any of them.

If not, wait 3  months and start the 5-Day Method again, to see if the 
market is any  better.

If you locate 25 potential real buyers, and you decide to run  your 5-Day 
Sale, you must commit, in your own mind, to following through on  Sunday 
night.  Buyers can hear from your answers whether you are truly  going to sell 
to the high bidder, or if you view the 5-Day Method as just a  "bait and 
switch".  If it sounds like a "bait and switch" the real  buyers will head for 
the exit without ever leaving a bid.  You would,  too.  You can't get the 
highest possible bid without honestly  committing to the sale.

Here we get to a tricky part -- I am not your  lawyer.  And just as I 
cannot sell Janet's house for her without  putting myself in peril, I also cannot 
give you legal advise without putting  myself in peril.

Let me just state some facts:

1.  A lot  of lawyers don't know what they are talking about.  (50% of them 
 graduated from law school in the bottom half of their class.)
2.   The laws in most states protect FSBOs.  You are not a  professional.  
You do not have a license.  You are trying to do  things right.
3.  The starting price in an "or best offer" ad is not  legally binding.
4.  Nobody actually "sells" their home until the  "closing".
5.  All you are really trying to do is "make a deal"  Sunday night--and you 
make a non-binding promise to strike that deal with  the high bidder.
6.  The buyer can back out of the deal right up to  the closing.
7.  The seller can back out of the deal right up to the  closing.
8.  Numerous other parties can kill the deal, even if the  buyer and seller 
both want to go through with it.

Nobody can get you  the price you want if the market will not support that 
price.  If you  use the 5-Day Method you can get the current market price in 
5-Days--every  time--if you just stick closely to the method.  The method 
"succeeds"  every time for those who use it properly.  The negative comments 
you  read on this forum come from people who blame the market for their  
mistakes.  They all could have sold their homes in 5 Days if they were  
prepared to take the current market value. 

You can, too.  You  are well on your way.  I wish you could get today what 
you could have  gotten for your home 3 years ago.  But you can't.  And no 
one else  can either.

5-Day Sales are emotionally draining.  They compress  a lot of major 
financial decisions into a short time frame.  It would  appear you are well on 
your way to being able to sell your home in 5-Days,  provided only you work out 
any difference between the current market value  and the least you are able 
to take.  If you view your 5-Day Sale  through this lens you will be 
offered the most anyone will offer for your  home at this time.

Decide now if you are going to take the  offer.  If not, do not follow 
through with the Inspection and Round  Robin--do something else Friday 
night--you are still far ahead of the game  at minimal cost.

Bill  Effros
Author








_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)  wrote:   
Just thought I'd jump in here...I certainly am not a pro...but I  placed an 
ad on Craigslist today and received 7 responses...Is that good?  

So far, between flyers, an ad in the newspaper, and Craigslist I have  13 
responders in one day? I am hoping and praying for at least 40 by  Friday 
night, with a minimum of the necessary 25. 
 
This process is a little scary. I was hoping to find more  encouragement on 
this Forum. I understand telling the bad with the good.  But when you are 
doing something that you are already fearful  about...it sure would be good 
to have a little more assurance of the  truth.
 
The truth is until a formal contract is signed neither I nor the  buyer are 
bound to the bidding process.--is that true?
 
The truth is if this process doesn't work...I have the names and  numbers 
of realtors...investors...and individuals who have expressed  interest in my 
home that I can respond back to at a later time--is that  true?
 
The truth is if I commit to this process...I will know by Sunday  evening a 
very close estimate to what buyers say the value of my home is  for that 
time and date...and I have the choice to either accept or reject  their 
evaluation...of course with the understanding that I WILL take the  highest bid 
Sunday evening, as long as it meets the banks highest bid of  what I owe on 
it--is that true?
 
Please encourage me! This process is daunting the first time and just  need 
a little encouragement from anyone who has had success.
 
Julie from Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Agreed.

But it tells you  everything you need to know.

If you want to sell it now you can  only get the current market price.  No 
one can say if that price  will be higher or lower 3 months from now, or 6 
months from  now.

You can play around with 5 Day ads on Craigslist for  nothing.

Always start them late Tuesday night.  If you don't  have 2 or 3 responses 
by noon Wednesday, pull the ad and think over what  that means.  It doesn't 
necessarily mean you can't sell your home,  and it doesn't necessarily mean 
you can't get twice the starting  price.

But would you take twice the starting price? or 90% of  what you are hoping 
for?  or 80%?

At 1/2 current market  price there should be a lot of enthusiasm, and the 
fast hit you get on  Craigslist means failing to get 2 or 3 responses by noon 
Sunday must be  interpreted as not enough enthusiasm.

I know you have been  honestly trying to work this out, and you know I have 
never seen a  housing market situation like the one we're in.  I'll keep 
thinking  out loud with you, if you like.  At some point you'll know what you  
have to do.

Bill Effros
Author

j crafor wrote:  
Agents here will NOT list for 3 months, unless there is an automatic 3  
month extension. THEN, according to one contract I read, there is  ANOTHER 
three months beyond that that the seller cannot sell to anyone  without giving 
the agent a commission, UNLESS it was re-listed with  another agent. This was 
a contract from the agent that I had been  working with for 15 years. 

That IS correct, which is why  I decided to do FSBO. 

The last agent that I talked to,  showed the house to at the open houes, 
immediately wanted to list  it, 7.5% commission, 9 month listing....
No thanks.  

 
____________________________________
Date: Wed, 5 Aug 2009 10:34:07 -0400
From: _bill at effros.com_ (mailto:bill at effros.com) 
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a  place where it has become extremely difficult to sell 
homes -- at any  price.  Nobody knows what they are worth at this time.  List  
with an agent for a limited time period -- let's say 3 months.   See what 
happens.  Let us know.

I believe we are headed  for a lot of inflation.  Homes in some places will 
start to rise  in selling price.  But other homes will never be sold at any 
 price.

Just my opinion -- this is not my area of  expertise.

Bill Effros
Author

j crafor wrote:  
I had only one response for the 5day from Craigslist, and more  for the 
standard open house on Craigslist.
Was considering doing  a 5day this coming weekend (in Tucson) but will have 
a standard open  house instead.  Sort of considering listing with an  
agent...
JCrafor

 
____________________________________
From: _Janetislight at aol.com_ (mailto:Janetislight at aol.com) 
Date: Wed, 5 Aug  2009 09:24:53 -0400
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

Yes, it would be interesting to know how to do this on  Craigslist, since I 
has zero responses from an ad placed as laid out  in the book.
 
Janet
 
 
 
In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time,  
_bill at effros.com_ (mailto:bill at effros.com)  writes:

Sue,

You already  understand most of what you've got to know.

The big change  in the 4th edition is that it is now possible to run a 
5-Day sale  with zero advertising cost.

All you need is  Craigslist.

Start your home at $24,500.  I know.   It sounds crazy.

But you know you'll get more than 25  responses by Friday night, and some 
people who say they will never  leave St. Louis are going to drive out just 
to see what's going  on.  You will get the most you can get for your home at 
the  present time.

I have started at absurd prices many times.  Literally a zillion people 
show up, and you must be ready for  them.  There is no question that most of 
them cannot or will  not pay what you are hoping for.  But so what?  3 people  
who know what your home is currently worth will pop out of the  crowd, bid 
against each other, and you will get the most you can  get for your home on 
the weekend you pick.

Enough people  have computers so that you no longer have to take telephone  
calls.  You can do everything on the web -- and the response  is 
instantaneous.

Prepare materials to email back to people  before placing the ad.  You can 
send pictures.  You can  explain in detail how you will run the sale.  
Because you get  to write it all out in advance, you can be sure everyone gets 
the  same information, and you can be sure you have said exactly what  you 
want to say.

I can't tell you exactly what materials to  provide in response to 
Craigslist inquiries because I don't know  yet.  I do know you will get an 
overwhelming number of  responses, and virtually everyone looking for a home like 
yours  will know yours is available and REALLY will be sold to the high  bidder 
Sunday night.

Unlike Bill, your home can certainly  be sold at this time.  Just like 
Bill, you can know exactly  what you've got to do in just 5 Days at no cost.

If you  start to develop "stock" internet responses to Craigslist, let us  
know what they are, and how they worked.

The Craigslist  headline and body copy work differently than newspaper 
5-Day  Ads.  Again, let us know what works.

Also, watch the  resubmission rules -- you don't want' to get frozen out of 
 Craigslist in the middle of your 5-Day Sale.  I generally try  to run one 
ad starting Tuesday night and deleting Thursday.   And an updating ad 
running Friday Saturday and Sunday.  You  should have 25 responses by Thursday 
night.

Let us know how  it goes.  You're on the right track.

Bill  Effros
Author



Sue Pruett wrote:  
I am a big fan of this method.  We used the  first book back in 1995 to 
sell our first house, and it  worked great!  I always knew we would use this 
method  for our second house.  Well, the time has come to  sell our second 
house!  I purchased the book just  about a month ago.  However, I didn't 
realize there  was a third edition until about two weeks ago.  The  seller didn't 
inform me of this fact!  I'm sure there  is a lot in the third edition that 
would have been helpful  to us!
 
Well, here's where our story stands right now.   

We live in Southern Illinois, across the Mississippi  from St. Louis.  
Homes in our neighborhood have been  selling in the upper $80's in the past 4 
months.   When we compare our home to these, some things are better  in ours, 
some are worse.  Ours is larger than any of  them.  We had hoped to get 
about $90K, but would have  been more than satisfied with $85K.  
 
We tried the sale two weeks ago with ads in the only  daily in town.  We 
got 4 calls.  We postponed  the sale.  We were able to advertise in two 
weeklies,  in addition to the daily.  We broke a big rule - we  only had 17 calls 
by Friday, but went ahead with the  sale.  At least 12 of our callers were 
so excited  about the house, we thought we were good to go.   Don't break 
that rule!  We only had 5 families come  to look, and only two bidders, and one 
could not  afford our starting price.  We did get a $75K offer,  and we 
agreed to sell it to her.
 
The other thing we did was start at $74,500, because  we were scared to 
start lower.  I'm sure this  also contributed to fewer callers.  We arent'  
sure the current buyer is going to come through.  We  should know by tonight.  
If she doesn't, we are  purchasing the third edition of the book, and doing 
it  right!  We'll start at $49,500, and we'll utilize the  other advertising 
methods discussed in the third  edition.  I almost wish the fourth edition 
was  already out, as I'm worried we are behind the times with  the internet 
advertising.  
 
I know I've gone on a long time, but I do have a  question - can anyone 
point me to which internet  advertising you all use.  I've never used anything  
but ebay to sell over the internet, and not for something  like a house!    
I'd just like to get a  picture of how internet advertising works.  Thanks 
so  much for sticking with my story!


Sue  Pruett
32950 Delhi  Road
Brighton,  IL  62012
618-372-3501
Visit my  blogs at _http://www.thecharlottemasongirl.com/_ 
(http://www.thecharlottemasongirl.com/) 
and _http://www.illinoisgreenhome.com_ (http://www.illinoisgreenhome.com/) 
and _http://parentingwithstyle.blogspot.com/_ 
(http://parentingwithstyle.blogspot.com/) 
 
 
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From jryantist at yahoo.com  Thu Aug  6 14:10:13 2009
From: jryantist at yahoo.com (Jamie Ryan)
Date: Thu, 6 Aug 2009 11:10:13 -0700 (PDT)
Subject: [5-DayForum] How am I doing so far...a little encouragement
	please!?!
In-Reply-To: <4A7AD96B.9050203@effros.com>
Message-ID: <586441.59620.qm@web54304.mail.re2.yahoo.com>

Thanks Bill,
That helps me, too - my husband and I are going to do a 5 day sale in a couple of weeks, and are a little nervous.? We tried a 3-day sale using your method on a car around a month ago, sort of to see how it works, and we were flagged on craigslist every time we posted.? At first we were just listing what you?said to put in a newspaper ad, and it was almost immediately flagged every time.? Then, we added more information about how the sale would work and they stopped flagging it.? Is there anything in the normal newspaper ad that might go against Craigslist's terms or anything?? Despite the flagging issues, our car sold that sunday, for a fair price when we had it posted for months previously.
~Jamie

--- On Thu, 8/6/09, Bill Effros <bill at effros.com> wrote:


From: Bill Effros <bill at effros.com>
Subject: Re: [5-DayForum] How am I doing so far...a little encouragement please!?!
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, August 6, 2009, 9:23 AM


Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.? Whether you get 25 or 52 doesn't really matter.? The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.? You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.? Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.? Talk to them.? Email them.? Be completely honest with them.? See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.? Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".? If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.? You would, too.? You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.? And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.? A lot of lawyers don't know what they are talking about.? (50% of them graduated from law school in the bottom half of their class.)
2.? The laws in most states protect FSBOs.? You are not a professional.? You do not have a license.? You are trying to do things right.
3.? The starting price in an "or best offer" ad is not legally binding.
4.? Nobody actually "sells" their home until the "closing".
5.? All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.? The buyer can back out of the deal right up to the closing.
7.? The seller can back out of the deal right up to the closing.
8.? Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.? If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.? The method "succeeds" every time for those who use it properly.? The negative comments you read on this forum come from people who blame the market for their mistakes.? They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.? You are well on your way.? I wish you could get today what you could have gotten for your home 3 years ago.? But you can't.? And no one else can either.

5-Day Sales are emotionally draining.? They compress a lot of major financial decisions into a short time frame.? It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.? If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.? If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 

Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 
?
So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 
?
This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are?doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.
?
The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?
?
The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?
?
The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?
?
Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.
?
Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.? No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.? If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.? It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?? or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.? I'll keep thinking out loud with you, if you like.? At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 


#yiv1501893691 .hmmessage P
{
margin:0px;padding:0px;}
#yiv1501893691 {
font-size:10pt;font-family:Verdana;}

Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
?
That IS correct, which is why I decided to do FSBO. 
?
The last agent that I talked to, showed the?house to at the open houes, immediately wanted to list it, 7.5% commission,?9 month listing....
No thanks. 
?


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.? Nobody knows what they are worth at this time.? List with an agent for a limited time period -- let's say 3 months.? See what happens.? Let us know.

I believe we are headed for a lot of inflation.? Homes in some places will start to rise in selling price.? But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 


#yiv1501893691 .ExternalClass .EC_hmmessage P
{padding:0px;}
#yiv1501893691 .ExternalClass body.EC_hmmessage
{font-size:10pt;font-family:Verdana;}

I?had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.? Sort of considering listing with an agent...
JCrafor
?


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.
?
Janet
?
?

In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.? I know.? It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.? You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.? There is no question that most of them cannot or will not pay what you are hoping for.? But so what?? 3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.? You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.? You can send pictures.? You can explain in detail how you will run the sale.? Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.? I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.? Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.? Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.? I generally try to run one ad starting Tuesday night and deleting Thursday.? And an updating ad running Friday Saturday and Sunday.? You should have 25 responses by Thursday night.

Let us know how it goes.? You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 





I am a big fan of this method.? We used the first book back in 1995 to sell our first house, and it worked great!? I always knew we would use this method for our second house.? Well, the time has come to sell our second house!? I purchased the book just about a month ago.? However, I didn't realize there was a third edition until about two weeks ago.? The seller didn't inform me of this fact!? I'm sure there is a lot in the third edition that would have been helpful to us!
?
Well, here's where our story stands right now.? 
?
We live in Southern Illinois, across the Mississippi from St. Louis.? Homes in our neighborhood have been selling in the upper $80's in the past 4 months.? When we compare our home to these, some things are better in ours, some are worse.? Ours is larger than any of them.? We had hoped to get about $90K, but would have been more than satisfied with $85K.? 
?
We tried the sale two weeks ago with ads in the only daily in town.? We got 4 calls.? We postponed the sale.? We were able to advertise in two weeklies, in addition to the daily.? We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.? At least 12 of our callers were so excited about the house, we thought we were good to go.? Don't break that rule!? We only had 5 families come to look, and only two bidders, and one could?not afford our starting price.? We did get a $75K offer, and we agreed to sell it to her.
?
The other thing we did was start at $74,500, because we were scared to start lower.??I'm sure this also contributed to fewer callers.??We arent' sure the current buyer is going to come through.? We should know by tonight.? If she doesn't, we are purchasing the third edition of the book, and doing it right!? We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.? I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.? 
?
I know I've gone on a long time, but?I do have a question -?can anyone point me to which internet advertising you all use.? I've never used anything but ebay to sell over the internet, and not for something like?a house!? ? I'd just like to get a picture of how internet advertising works.? Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL? 62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/
?
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From tammytarr at sympatico.ca  Thu Aug  6 14:55:14 2009
From: tammytarr at sympatico.ca (Tammy)
Date: Thu, 6 Aug 2009 14:55:14 -0400
Subject: [5-DayForum] 5-Day Canadian sale - the story ends...
In-Reply-To: <318953.87614.qm@web80608.mail.mud.yahoo.com>
References: <d22.49c3494a.37ab4a35@aol.com> <4A7A5E50.8010701@effros.com>
	<318953.87614.qm@web80608.mail.mud.yahoo.com>
Message-ID: <BLU0-SMTP19586601E9EDF8A90E3E6CC80A0@phx.gbl>

Hey all,

Just thought I'd update everyone on my sale.

As most of you know, I held a 5-Day sale a couple of weekends ago.  As most of you also know, I was freaking out on the last night because the bids weren't very high.  People kept asking me if I had a 'reserve bid' (a minimum figure in my mind below which I would not sell) and also asking me, "what if you don't get a very high bid?"  I kept answering, "Well, I am trying to stay positive.  I hope that people will recognize the value of the home.  But I am a motivated seller and the house WILL be sold Saturday night to the highest bidder!"  (I held my Open House on Friday and Saturday).  

The highest bidder weighed in at $219,000 or something, whereas I bought my house 2 1/2 years ago for $226,000.  I was so tempted to change the rules because I could see myself losing money.  But I had told callers what the process was so I wanted to stay true to my word.  And my first purpose was to sell the house quickly, and that goal was achieved.  So with great sorrow I told the highest bidder I would phone him Monday and we could work the details out.  

On Monday I called him and honestly explained that I would be losing money with the highest bid, and did not want to sell so low, was going to list with an agent, and wondered if he would be willing to go up to $226,000.  I would at least get what I paid for it, and he would get a house.  Unfortunately in the meantine he had changed his mind and decided he wasn't sure if he wanted a house or a condo.  So he backed out.  The second highest bid was something like $212,000 and I just couldn't go there.

I was very despondent, but as a result of the previous weeks' advertising 'blitz', more phone calls started coming in the week after, from people who had heard about the sale from word of mouth, or people who saw the flyer because they had checked their mail after the weekend.  I called each back and explained that I had received a highest bidder, but that the highest bidder backed out and the house was still for sale.  I told them I wanted at least $226,00 for the house.  I emailed whatever info they wanted and answered all their questions.

Out of all that post-5-Day Sale melee, emerged the "Real Buyer" - a young couple with children who loved the house and decided to buy it.  I sat down with them and we mutually agreed on $233,000.  This not only covers what I paid but will also cover lawyers fees plus the mortgage discharge fee my mortgage co. will charge me for breaking the term early.  Again I will not be making any money on this transaction, but my first purpose was to sell the house, as I am undergoing a career change and needed to move quickly.  This is what attracted me about the 5-Day Sale method, because it was fast.  It would have been nice to have gotten a bit more, but if you want to go by looking at 'Comp's' in my area, I would have only been able to get perhaps a couple of thousand more, that's it.  I was never under any illusions in this market that I would be making a huge profit on my house, although I hoped for the best, but I did at very least not want to lose money on it.

...and mission accomplished!

Tammy
Barrie, Ontario
Canada



  ----- Original Message ----- 
  From: Leslie Michaels 
  To: How To Sell Your Home in 5-Days 
  Sent: Thursday, August 06, 2009 1:39 AM
  Subject: Re: [5-DayForum] FEAR


  Yes Bill, you are confusing me with someone else. I did not modify your methods, in fact I followed your book to the letter! My home is in an area where the market is moving; not like it did in the past, but homes are selling. I didn't pay too much for my house, nor are the upgrades that I've put in over the past year outpricing my home.  All we are saying is that, in this current real estate market, your methods aren't working.  You said yourself that if something consistently fails you would tell everyone not to use it. Well, we are here to tell you that your method is consistently failing, and that Craigslist isn't working either.  I am not looking for revenge, nor am I angry, I am just voicing my opinion, which is what a forum is all about.
  BTW, Bill, I was absolutely tongue-in-cheek about having you come out here! You really didn't take me seriously did you?

  Leslie

   



------------------------------------------------------------------------------
  From: Bill Effros <bill at effros.com>
  To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
  Sent: Wednesday, August 5, 2009 11:38:40 PM
  Subject: Re: [5-DayForum] FEAR

  Janet,

  You know I can't legally do that.  Maybe Leslie doesn't.

  In fact, I have never taken money for helping people sell their homes, I make no money from maintaining this Forum, I take no advertising, I give no endorsements, and while I have probably earned a quarter of million dollars from the sale of the book, that is over a 22 year period, and it is hardly enough to sustain a family of 4.

  I recommend a method I stumbled across when I was in trouble.  I honestly believe it is the best way for anyone to sell a home.  Friends and family ask for my help whenever they have homes to sell.  I have corresponded with literally thousands of people who have successfully used the method.  When someone tries something that works, I try it, too.  I am constantly modifying the Method as I learn to implement it better.  If something consistently fails, I tell everyone I know to not use a technique that has a lower success rate.

  I am sorry if you and Leslie paid too much for the homes you are trying to sell, however you both seem intent on killing the messenger to get revenge.  That is really not helpful to FSBOs.

  We are all living through difficult times.  The 5-Day Method does not change the market.  I answer a lot of questions, but it seems to me I told you from the outset that the modification you decided upon would not work--or do I have you confused with someone else?

  Craigslist costs FSBOs nothing.  If they follow the central concepts in my book, and use only Craigslist, they can know in 3 days whether they can sell their homes for anything close to what they are hoping for--and if they can't, they should cancel the sale right then and there!  

  You can't fool the market!

  Bill Effros
  Author

  Janetislight at aol.com wrote: 
    Leslie,

    Let me know if he takes you up on it.  LOL

    Janet

    In a message dated 8/5/2009 3:47:02 P.M. Central Daylight Time, artchr61 at yahoo.com writes:
      Dear Bill,
      I second the motion, and I will tell anyone thinking of doing a 5 day sale to think twice about buying your new book. Craigslist is obviously not the holy grail of advertising you're making it out to be. For example, when someone is searching for real estate on Craigslist, they put in a town AND a price range. If you list your home for 24,500 no one will see it because no one will be searching at that price point.
      By the way, Bill, since you've been running successful 5 day sales for the past 20 years, I would be more than happy to pay you a commission to come to my home and help me out!  Just let me know when to expect you!!

      Leslie

--------------------------------------------------------------------------

      From: "Janetislight at aol.com" <Janetislight at aol.com>
      To: 5-dayforum at mailman.howtosellyourhomein5days.com
      Sent: Wednesday, August 5, 2009 3:02:06 PM
      Subject: Re: [5-DayForum] FEAR


      This was my experience Exactly!  I did sell a home on Craigslist before, but it was at market price.  I'm sure those that saw my price on this last property just thought it was bull and moved on because no way would even a foreclosure sell for that amount in the neighborhood that my house was in.  If this next book is going to be about Craigslist only..... I'm not buying it.

      Janet

      In a message dated 8/5/2009 11:27:00 A.M. Central Daylight Time, artchr61 at yahoo.com writes:
        I'm not quite sure what to make of all this right now. I know in my neighborhood homes are selling and have sold in the 400,000-550,000 range. Some homes in my town are selling currently for quite a bit more, so this is not one of the depressed areas.  (I am in the north suburbs of Chicago) 
        I tried the 5 day sale and listed my house in 3 major papers, Craigslist, and Kijiji. The newspapers are not only in print, but online versions as well. I followed Bill's layout exactly.  I have been told by 2 realtors that my home is worth about 500,000 in today's market; it would have been closer to 600,000 a few years ago. I listed my house for 249,500 (magic number!) but got no repsonses from any internet advertising, only from the newspapers. I got 8 calls from people, told them about my house and then emailed to them further information if they wanted more.  I ended up changing my 5 day sale to a traditional open house and informed the 8 people that contacted me about the change. Only 1 of those people showed up a my open house. >From signs I put out on the street I got an additional 6 families.
        From what I've read here on the forum, NO ONE is getting responses from Craigslist. Craigslist is not for people looking to spend a large amount of money. Craigslist is for people looking for deals on stuff, not real estate (not to mention all the scams on Craigslist) I have only had luck on Craigslist when I am selling stuff at a bargain price or giving things away to clean out my garage. That's it.
        Bill, if you think that Craigslist is the answer, you're on the wrong track. I don't think anyone here at the forum has had ANY success with Craigslist. And I think that putting a ridiculously low price on the house would just make people suspicious about scams and run down foreclosures, especially on Craigslist.

        Leslie




------------------------------------------------------------------------
        From: Bill Effros <bill at effros.com>
        To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
        Sent: Wednesday, August 5, 2009 7:53:21 AM
        Subject: Re: [5-DayForum] FEAR

        Gary,

        What is the rest of this story?

        What do you think these properties are currently worth?

        Let's start with property 2.

        You had a complete failure with property 1 but you decided to try property 2 anyhow.

        You imply it is worth at least $300,000, which would mean your starting price was $149,500.  22 people showed up, you got 11 bids, and the highest one was $75,000.

        I've been running 5 Day Sales for more than 20 years, and I've never heard of a single instance where people followed the method and the best price they were offered was 50% of a starting price that was 50% of current market value.

        By the way, what did you pay for the property, and when did you buy it?

        This Forum seems to have attracted a lot of speculators who paid more for properties than they are worth, and now want to blame the market for their miscalculations.

        The successful speculators are making a fortune using the 5-Day Method, and many use it exclusively.  I hear from them constantly--many are selling multiple properties every single weekend.  They know what to pay, and they immediately turn around and sell.  If you look back in the archives, some of them pop up once or twice, but basically they have neither time nor interest in explaining what they are doing.  If you paid too much for the properties you are trying to sell, neither the  5-Day Method nor anything else is going to bail you out.

        Bill Effros
        Author



        Gary Noel wrote: 
          Bill, have you run a 5 day sale in the last month?  I have!  A townhouse where nothing sold in the complex for less than $150,000 in the last 3 months, 6 months or year.  That includes the bank (trashed) REO's that sold in the complex.  There are two properties that were listed on the MLS for $189,000 that are currently under contract.  We did the 5 day and the highest bid we received was $94,000.  The property is in great condition but yet the highest bid was $94,000.  By the way the trashed REO that sold less than 2 months ago sold for $150,000.  I don't remember how many window were broken nor the number of holes in the wall, etc.

          And property number 2 we did a 5 day this last weekend.  No model like this sold for under $300,000 and the last one that sold was for $469,000 in this area.  The highest bid we received was $75,000.  We had a lot more than the 25 minimum calls, 22 people show up, 11 people put bid amounts and a high bid of $75,000 Sunday night.

          Let me know how your 5 day goes.




----------------------------------------------------------------------
          From: Bill Barks <barks4444 at comcast.net>
          To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
          Sent: Tuesday, August 4, 2009 3:04:01 PM
          Subject: Re: [5-DayForum] FEAR

          I disagree that the process is not working.  I think it is working.  The 
          discrepancy in the price delivered through the 5-day sale and the price 
          expected by the seller is that  there aren't buyers out there willing to pay 
          what the seller thinks it is worth.  therefore the seller is wrong in their 
          estimation.  In any market the house is only worth what someone is willing 
          to pay for it.  So in fact the process is working .  it is identifying what 
          the house is worth in your market at the time the sale is run.  Likely the 
          number is what it sold for 10-12 years ago before the unjustified run-up in 
          housing prices. -the bubble.

          Some experts say the sub-prime mess is nothing compared to the "prime mess 
          we are about to see.

          I am having first hand experience with this - a 1.2 million dollar purchase 
          in Nov '06 of 300' of western-facing waterfront - with a 2900'sq ft well 
          constructed fully remodeled ranch house and 650' sq ft guest house. in a 
          rural area of the Puget  Sound region of Western Washington state,. 
          Currently there are 32 homes on the market in my price range with only 2 
          sales since March.    Other than a 5-day sale, which I plan to run next 
          week,  it is very difficult to ascertain the value of a property.  I ran 
          some hypothetical "bargain" # s by a realtor in the area for 27 years --I 
          asked " what about $ 850,000 ?- would that get buyers excited ?- his reply 
          was "join the club, there are homes currently listed at 1/2 of what they 
          were listed 1 year ago--and no interest.  the buyers just aren't there".

          That is the real FEAR issue- buyers a afraid to buy what may likely turn out 
          to be a depreciating liability , rather than an asset.  And what bank would 
          want to loan in that situation?

          So run the 5-day sale --to the book...and there will be your answer as to 
          what your house is worth....and then make your plan accordingly --rather 
          than on what you "wish" your home would sell for.




          ----- Original Message ----- 
          From: "Steven Herbert" <sterbert at yahoo.com>
          To: "How To Sell Your Home in 5-Days" 
          <5-dayforum at mailman.howtosellyourhomein5days.com>
          Sent: Tuesday, August 04, 2009 12:06 PM
          Subject: Re: [5-DayForum] FEAR


          I'm a little irritated. The BOOK claims that you can get the best possible 
          price by using Bill's method--that hasn't been the case on this forum, for a 
          long while). So SUCCESSES are being defined as any sell for any price ("at 
          least you got an offer" kind of success).

          Knowing the best advertising in your area is a complicated process. 
          Advertising rules have changed in Tacoma--Seattle area (1 newspaper just 
          retired itself) and few hits came from Craigslist. No system is perfect so I 
          don't believe as religious truth that "3 real buyers" will show up if you 
          price the house at 50% ... b/c folks actually believe that 50% is a 
          possiblity.

          Just my thoughts and opinions. I'm here on the forum listening for info but 
          I listed w/flat-fee MLS just recently.

          Steven


          --- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com> wrote:

          > From: Gary Noel <gnoel88 at yahoo.com>
          > Subject: Re: [5-DayForum] FEAR
          > To: "How To Sell Your Home in 5-Days" 
          > <5-dayforum at mailman.howtosellyourhomein5days.com>
          > Date: Tuesday, August 4, 2009, 1:53 PM
          > Hi
          > Rosemarie,
          >
          > You mentioned something about having two successful
          > auctions. Can you share with us what you did to have
          > such a wonderful experience? I've personally tried
          > two so far and advertised in many ways Bills'
          > doesn't mention. For example, passing out flyers
          > and putting up signs on street corners. In tracking
          > the calls very few came from the newspaper and internet
          > while most all came from the flyers and signs. Even
          > though I had 22 people come to the auction with 11 initial
          > biders, the top bid was about one third of the current
          > value. So my question to anyone who can help is: what
          > can be done to get the bid up to a little closer to market
          > value? Nothing in the area has sold for less than four
          > times the highest bid we received on this model.
          >
          >
          >
          >
          >
          > From:
          > rosemarie-fred <rosemarie-fred at mindspring.com>
          > To: How To
          > Sell Your Home in 5-Days
          > <5-dayforum at mailman.howtosellyourhomein5days.com>
          > Sent:
          > Tuesday, August 4, 2009 7:01:56 AM
          > Subject: Re:
          > [5-DayForum] FEAR
          >
          >
          > #yiv206810613 DIV {
          > MARGIN:0px;}
          >
          >
          > Leslie -
          > There are lots of success
          > stories. You haven't been on this forum very long, or
          > you would know that Bill does read it and weighs in when he
          > thinks it's worth it. Since this forum is about his
          > methods, I think we should be a little more polite about it,
          > at least!
          > I have had two successful
          > sales, and am planning another. If you read the archives you
          > will find plenty of them.
          > There are factors that
          > affect how things work that have nothing to do with the
          > book, but Bill always says that if you run the sale
          > according to his methods you will find out the value of the
          > house to the marketplace at that time. The 5-day sale is
          > usually ahead of the rest of the market.
          > Bill is now working on the
          > fourth edition, which may be why we are not hearing from him
          > as much as usual. I know we are all interested to know what
          > he will change. I know there will be more emphasis on
          > internet advertising.
          > Let us know if you are
          > successful with the realtor.
          > Rosemarie
          >
          > ----- Original Message -----
          >
          > From: Leslie Michaels
          >
          > To: How
          > To Sell Your Home in 5-Days
          > Sent: Monday, August
          > 03, 2009 11:39 PM
          > Subject: Re:
          > [5-DayForum] FEAR
          >
          >
          >
          > I would have to say that the book is very out dated
          > for this real estate economy. I have yet to hear of any real
          > positive feedback in favor of the book and the methods it
          > promotes. I think the forum is a great way to find out what
          > really works, not what Bill Effros wrote...(maybe he should
          > be reading this forum as well!) I followed the
          > book with regards to newspaper ads and some signs but it was
          > very disappointing. I spent nearly 600.00 in advertising
          > with nothing to show. Flyers probably wouldn't work in
          > my area since most people around here just throw them away.
          > I live in an upper middle class town near Chicago and
          > I've tried the flat fee MLS with some showings and no
          > offers, Bill's book with no success at all, and now
          > I'm going with a full service realtor at the end of
          > the month. Homes in my area are selling with full
          > service realtors, so I'm going that route and hopefully
          > I can sell my house by the end of the year. I
          >  personally won't waste any more time or money with
          > Bill's plan, but if anyone out there has a good success
          > story, I'd love to hear it!!
          >
          > Leslie
          >
          >
          >
          >
          > From: Gary
          > Noel <gnoel88 at yahoo.com>
          > To: How To
          > Sell Your Home in 5-Days
          > <5-dayforum at mailman.howtosellyourhomein5days.com>
          > Sent: Monday,
          > August 3, 2009 10:25:42 PM
          > Subject: Re:
          > [5-DayForum] FEAR
          >
          >
          >
          > Actually I'm not sure when would be the best time
          > to have the auction. But I will add this. The
          > flyers and signs were by far the biggest draw.
          > We'll figure out what works and what doesn't.
          > It may be just doing something completely different that the
          > book does have in it.
          >
          >
          >
          >
          >
          > From:
          > Stephanie Glazar <sglazar at yahoo.com>
          > To: How To
          > Sell Your Home in 5-Days
          > <5-dayforum at mailman.howtosellyourhomein5days.com>
          > Sent: Monday,
          > August 3, 2009 6:57:58 PM
          > Subject: Re:
          > [5-DayForum] FEAR
          >
          >
          >
          >
          >
          >
          > Thanks for your story Gary!
          > After sending the email, I've had some time to
          > think. The truly scary thing would be to be stuck with
          > the property for another winter with the 200 dollar monthly
          > heating bill and the 600 dollar mortgage and the garbage
          > bill, taxes, etc.! I'm here at a Panera's
          > reading the book from cover to cover. I had just read
          > enough to be interested. My realtor showed my home to
          > only 3 people in a year.....actually, it was one until I
          > complained and in June 2 more people were shown my
          > home. I got out of my contract and the
          > home's got to go. I like your idea about
          > flyers in the neighborhood. I'm going to do that!
          >
          >
          > I was aiming for the end of August. Do you
          > suppose that's a better date than the first week of
          > September?
          > Stephanie
          >
          >
          >
          >
          >
          >
          > Stephanie S.
          > Glazar
          > 412-443-5670
          > (cell)
          > sglazar at yahoo.com
          >
          > --- On Mon, 8/3/09, Gary Noel
          > <gnoel88 at yahoo.com> wrote:
          >
          >
          > From: Gary Noel <gnoel88 at yahoo.com>
          > Subject: Re: [5-DayForum] FEAR
          > To: "How To Sell Your Home in 5-Days"
          > <5-dayforum at mailman.howtosellyourhomein5days.com>
          > Date: Monday, August 3, 2009, 6:06 PM
          >
          >
          >
          >
          >
          >
          > Hi Stephanie,
          >
          > We did 2 round robin auctions, one this last week end
          > and th other two week ends ago. The first
          > one was a townhouse in great condition. Nothing in the
          > complex has sold under $150,000. Our highest offer was
          > $94,000. The other property needed work but when fixed
          > up would be worth in the $300's. I don't even
          > want to tell you what the highest offer was.
          >
          > We passed out 1500 flyers door to door, put an ad in
          > the paper, put signs on just about every street corner for
          > blocks around the property, had a large orange sign in front
          > of the property, rented a wind dancer to draw attention, had
          > about 8 other signs in front of the property, had the strip
          > of flags streched out. Yah, it was a little
          > disappointing. But we will probably try it again on
          > another property and try a few things differently to see if
          > we can get better results. I believe this method
          > should work. I just don't know what the missing
          > link is yet.
          >
          >
          > Gary
          >
          >
          >
          >
          >
          > From:
          > Stephanie Glazar <sglazar at yahoo.com>
          > To:
          > 5-dayforum at howtosellyourhomein5days.com
          > Sent: Sunday,
          > August 2, 2009 11:19:20 PM
          > Subject:
          > [5-DayForum] FEAR
          >
          >
          >
          >
          >
          >
          > 5-day forum,
          > I am frightened that we will sell our house for much
          > much less than what it is worth because of the market.
          > My realtor only showed my home to 3 people in a year.
          > I fought to have my contract voided because of that and
          > won. Last year, August 2008, I had hopes of selling my
          > home for $55,000. According to the book, I should set
          > the price at one-half that, at $27,000 and then drop down to
          > the magic 500 number, so my ad should read $26,500. I
          > am very worried that this would be what my house would sell
          > at. I need $23,300.00 to pay off the home equity loan
          > attached to the home.
          >
          > The book I bought was copyrighted, 2007. Does
          > this method hold true for this terrible real estate market
          > in 2009? I would appreciate any positive comment.
          >
          > Stephanie
          >
          >
          >
          >
          >
          > Stephanie S.
          > Glazar
          > 412-443-5670
          > (cell)
          >
          >
          > sglazar at yahoo.com
          >
          >
          > -----Inline Attachment Follows-----
          >
          >
          > _______________________________________________
          > 5-DayForum mailing list
          > 5-DayForum at mailman.howtosellyourhomein5days.com
          > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
          >
          >
          >
          >
          >
          >
          >
          >
          >
          >
          >
          >
          >
          >
          >
          >
          >
          >
          >
          > _______________________________________________
          > 5-DayForum mailing list
          > 5-DayForum at mailman.howtosellyourhomein5days.com
          > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
          >
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          >
          >
          >
          >
          >
          >
          >
          >
          >
          >
          >
          > -----Inline Attachment Follows-----
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          > _______________________________________________
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          >




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From jcrafor at hotmail.com  Thu Aug  6 15:52:25 2009
From: jcrafor at hotmail.com (j crafor)
Date: Thu, 6 Aug 2009 19:52:25 +0000
Subject: [5-DayForum] little encouragement please!?!
In-Reply-To: <080620091529.13134.4A7AF6DC000CFCD40000334E22243323629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
References: <c61.5132d2a5.37aae225@aol.com>
	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>
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No--you did the aabsolute right thing. Good for you. If you had given them the address, the others could cry foul, anad they would be right. 

There are many people who have a story--I have to be out of town that weekend, puhleeeeeeeze let me see it now...

Respond, "Gee, I'm sorry, you will miss out on this great opportunity!  A-ah,  Do you have someone who can film it and email photos to you on Saturday? They can fax you the paperwork, too, and you can get in on the bidding Sunday night..."

JCrafor
 


From: juliegorman at bellsouth.net
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thu, 6 Aug 2009 15:29:34 +0000
Subject: Re: [5-DayForum] How am I doing so far...a littleencouragement please!?!



YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?
 
Julie
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 

Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 
 
So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 
 
This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.
 
The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?
 
The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?
 
The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?
 
Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.
 
Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 


Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 


I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.
 
Janet
 
 

In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 





I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!
 
Well, here's where our story stands right now.  
 
We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  
 
We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.
 
The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  
 
I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/
 
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From bill at effros.com  Thu Aug  6 15:54:23 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 06 Aug 2009 15:54:23 -0400
Subject: [5-DayForum] How am I doing so
	far...a	littleencouragement	please!?!
In-Reply-To: <080620091529.13134.4A7AF6DC000CFCD40000334E22243323629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
References: <c61.5132d2a5.37aae225@aol.com>	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>	<4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl>	<4A7A5689.9060800@effros.com><080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>	<4A7AD96B.9050203@effros.com>
	<080620091529.13134.4A7AF6DC000CFCD40000334E22243323629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
Message-ID: <4A7B34EF.1060306@effros.com>

Julie,

I have always given the address immediately.  In the old days that would 
result in lines of cars circling the house before the sale, but so 
what?  Nobody got in the front door before 10 on Saturday.

The whole idea here is that you sell your home in 5 days for the most 
you can possibly get on the day you pick.  The Method I pass on has 
worked best for the most people.  That doesn't mean that individual 
variations can't work out, only that I have heard about a lot of sales, 
and tried to come up with one coherent explanation that has had the 
greatest success ratio.

Using the traditional method, people were not averaging 1 response per 
week.  Now you have 17 people to talk to in less than 2 days.  There is 
a fair deal somewhere in this mix, and all you have to do is find it.

Take Rosemarie's advice to heart.  Every buyer wants to buy for the 
lowest price.  There is absolutely nothing wrong with that.  Every 
seller wants to sell for the highest possible price.  There is 
absolutely nothing wrong with that, either.  Most people are incredibly 
honest, and that honesty has an aura anyone can pick up.  And they pick 
up your aura, too.

If you can establish trust in what you are doing, real buyers will step 
up and talk to you.  Listen to everyone.  Treat everyone well.  The 
sharks are buying foreclosures from banks at 60% of current value.  They 
don't need your home at this time.  Most of the people who attend your 
sale will be a lot like you.  Treat them as you would want to be treated.

It is a whole lot of work for 5 days, but you can always make it pay 
off.  You are well on your way.

Bill Effros
Author



juliegorman at bellsouth.net wrote:
> YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from 
> flyers. So far everyone is really excited and can't wait to find out 
> our address. I did run into a situation where 2 of the potential 
> buyers really wanted an address because they are looking in my area 
> today...but I held to our position that we are trying to be fair to 
> all potential buyers so we are not releasing our physical location 
> until Friday evening but that I would contact them by phone Friday 
> evening with directions. They seemed frustrated, again only 2 out of 
> 17, but should I have given them more info?
>  
> Julie
>
>     -------------- Original message from Bill Effros
>     <bill at effros.com>: --------------
>
>     Julie,
>
>     The process is daunting in the best of times -- whether you do it
>     by yourself or not.
>
>     7 responses from Craigslist is a good sign.
>
>     It does not mean you will get what you are hoping for.
>
>     It does mean there are plenty of people interested in buying your
>     home at the current market value.
>
>     Stop hoping and praying for 40 responses by Friday night.  Whether
>     you get 25 or 52 doesn't really matter.  The fact that you got 7
>     from Craigslist immediately is the best news you could get.
>
>     If it doesn't fill out to 25 by Friday night you must know what
>     you are going to do.  You are not going to say "well, 23 is good
>     enough."
>
>     You have only 2 viable options -- either you tell everyone who has
>     responded that you are going to run the sale next weekend if you
>     get the rest of the responses you need, or you are going to tell
>     everyone that you cannot sell your home at this time using this
>     method, but you are still interested in selling your home.
>
>     So, at the end of day 3, if you had advertised solely in
>     Craigslist, you would have spent nothing, but you would know a lot
>     more than if you had signed up with a broker for 6 months or a year.
>
>     If you decide not to sell your home in 5-Days at this time, and no
>     one else responds, you have located 13 potential buyers at
>     virtually no cost.  Very few brokers bring 13 potential buyers to
>     any home for sale in a year -- good times or bad -- and their
>     contracts stipulate that they "own" those buyers, even if the
>     buyer later buys directly from you at a price substantially lower
>     than the price listed in the contract, the broker still gets a
>     commission.
>
>     Work with the 13 potential buyers.  Talk to them.  Email them.  Be
>     completely honest with them.  See if you can find a fair deal with
>     any of them.
>
>     If not, wait 3 months and start the 5-Day Method again, to see if
>     the market is any better.
>
>     If you locate 25 potential real buyers, and you decide to run your
>     5-Day Sale, you must commit, in your own mind, to following
>     through on Sunday night.  Buyers can hear from your answers
>     whether you are truly going to sell to the high bidder, or if you
>     view the 5-Day Method as just a "bait and switch".  If it sounds
>     like a "bait and switch" the real buyers will head for the exit
>     without ever leaving a bid.  You would, too.  You can't get the
>     highest possible bid without honestly committing to the sale.
>
>     Here we get to a tricky part -- I am not your lawyer.  And just as
>     I cannot sell Janet's house for her without putting myself in
>     peril, I also cannot give you legal advise without putting myself
>     in peril.
>
>     Let me just state some facts:
>
>     1.  A lot of lawyers don't know what they are talking about.  (50%
>     of them graduated from law school in the bottom half of their class.)
>     2.  The laws in most states protect FSBOs.  You are not a
>     professional.  You do not have a license.  You are trying to do
>     things right.
>     3.  The starting price in an "or best offer" ad is not legally
>     binding.
>     4.  Nobody actually "sells" their home until the "closing".
>     5.  All you are really trying to do is "make a deal" Sunday
>     night--and you make a non-binding promise to strike that deal with
>     the high bidder.
>     6.  The buyer can back out of the deal right up to the closing.
>     7.  The seller can back out of the deal right up to the closing.
>     8.  Numerous other parties can kill the deal, even if the buyer
>     and seller both want to go through with it.
>
>     Nobody can get you the price you want if the market will not
>     support that price.  If you use the 5-Day Method you can get the
>     current market price in 5-Days--every time--if you just stick
>     closely to the method.  The method "succeeds" every time for those
>     who use it properly.  The negative comments you read on this forum
>     come from people who blame the market for their mistakes.  They
>     all could have sold their homes in 5 Days if they were prepared to
>     take the current market value.
>
>     You can, too.  You are well on your way.  I wish you could get
>     today what you could have gotten for your home 3 years ago.  But
>     you can't.  And no one else can either.
>
>     5-Day Sales are emotionally draining.  They compress a lot of
>     major financial decisions into a short time frame.  It would
>     appear you are well on your way to being able to sell your home in
>     5-Days, provided only you work out any difference between the
>     current market value and the least you are able to take.  If you
>     view your 5-Day Sale through this lens you will be offered the
>     most anyone will offer for your home at this time.
>
>     Decide now if you are going to take the offer.  If not, do not
>     follow through with the Inspection and Round Robin--do something
>     else Friday night--you are still far ahead of the game at minimal
>     cost.
>
>     Bill Effros
>     Author
>
>
>
>
>
>
>
>
>     juliegorman at bellsouth.net wrote:
>>     Just thought I'd jump in here...I certainly am not a pro...but I
>>     placed an ad on Craigslist today and received 7 responses...Is
>>     that good?
>>      
>>     So far, between flyers, an ad in the newspaper, and Craigslist I
>>     have 13 responders in one day? I am hoping and praying for at
>>     least 40 by Friday night, with a minimum of the necessary 25.
>>      
>>     This process is a little scary. I was hoping to find more
>>     encouragement on this Forum. I understand telling the bad with
>>     the good. But when you are doing something that you are already
>>     fearful about...it sure would be good to have a little more
>>     assurance of the truth.
>>      
>>     The truth is until a formal contract is signed neither I nor the
>>     buyer are bound to the bidding process.--is that true?
>>      
>>     The truth is if this process doesn't work...I have the names and
>>     numbers of realtors...investors...and individuals who have
>>     expressed interest in my home that I can respond back to at a
>>     later time--is that true?
>>      
>>     The truth is if I commit to this process...I will know by Sunday
>>     evening a very close estimate to what buyers say the value of my
>>     home is for that time and date...and I have the choice to either
>>     accept or reject their evaluation...of course with the
>>     understanding that I WILL take the highest bid Sunday evening, as
>>     long as it meets the banks highest bid of what I owe on it--is
>>     that true?
>>      
>>     Please encourage me! This process is daunting the first time and
>>     just need a little encouragement from anyone who has had success.
>>      
>>     Julie from Kentucky
>>
>>         -------------- Original message from Bill Effros
>>         <bill at effros.com>: --------------
>>
>>         Agreed.
>>
>>         But it tells you everything you need to know.
>>
>>         If you want to sell it now you can only get the current
>>         market price.  No one can say if that price will be higher or
>>         lower 3 months from now, or 6 months from now.
>>
>>         You can play around with 5 Day ads on Craigslist for nothing.
>>
>>         Always start them late Tuesday night.  If you don't have 2 or
>>         3 responses by noon Wednesday, pull the ad and think over
>>         what that means.  It doesn't necessarily mean you can't sell
>>         your home, and it doesn't necessarily mean you can't get
>>         twice the starting price.
>>
>>         But would you take twice the starting price? or 90% of what
>>         you are hoping for?  or 80%?
>>
>>         At 1/2 current market price there should be a lot of
>>         enthusiasm, and the fast hit you get on Craigslist means
>>         failing to get 2 or 3 responses by noon Sunday must be
>>         interpreted as not enough enthusiasm.
>>
>>         I know you have been honestly trying to work this out, and
>>         you know I have never seen a housing market situation like
>>         the one we're in.  I'll keep thinking out loud with you, if
>>         you like.  At some point you'll know what you have to do.
>>
>>         Bill Effros
>>         Author
>>
>>         j crafor wrote:
>>>         Agents here will NOT list for 3 months, unless there is an
>>>         automatic 3 month extension. THEN, according to one contract
>>>         I read, there is ANOTHER three months beyond that that the
>>>         seller cannot sell to anyone without giving the agent a
>>>         commission, UNLESS it was re-listed with another agent. This
>>>         was a contract from the agent that I had been working with
>>>         for 15 years.
>>>          
>>>         That IS correct, which is why I decided to do FSBO.
>>>          
>>>         The last agent that I talked to, showed the house to at the
>>>         open houes, immediately wanted to list it, 7.5%
>>>         commission, 9 month listing....
>>>         No thanks.
>>>          
>>>         ------------------------------------------------------------------------
>>>         Date: Wed, 5 Aug 2009 10:34:07 -0400
>>>         From: bill at effros.com
>>>         To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>>         Subject: Re: [5-DayForum] Had a sale last weekend
>>>
>>>         JCrafor,
>>>
>>>         Your home is in a place where it has become extremely
>>>         difficult to sell homes -- at any price.  Nobody knows what
>>>         they are worth at this time.  List with an agent for a
>>>         limited time period -- let's say 3 months.  See what
>>>         happens.  Let us know.
>>>
>>>         I believe we are headed for a lot of inflation.  Homes in
>>>         some places will start to rise in selling price.  But other
>>>         homes will never be sold at any price.
>>>
>>>         Just my opinion -- this is not my area of expertise.
>>>
>>>         Bill Effros
>>>         Author
>>>
>>>         j crafor wrote:
>>>
>>>             I had only one response for the 5day from Craigslist,
>>>             and more for the standard open house on Craigslist.
>>>             Was considering doing a 5day this coming weekend (in
>>>             Tucson) but will have a standard open house instead. 
>>>             Sort of considering listing with an agent...
>>>             JCrafor
>>>              
>>>             ------------------------------------------------------------------------
>>>             From: Janetislight at aol.com <mailto:Janetislight at aol.com>
>>>             Date: Wed, 5 Aug 2009 09:24:53 -0400
>>>             To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>>             <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>>>             Subject: Re: [5-DayForum] Had a sale last weekend
>>>
>>>             Yes, it would be interesting to know how to do this on
>>>             Craigslist, since I has zero responses from an ad placed
>>>             as laid out in the book.
>>>              
>>>             Janet
>>>              
>>>              
>>>             In a message dated 8/4/2009 5:54:54 P.M. Central
>>>             Daylight Time, bill at effros.com <mailto:bill at effros.com>
>>>             writes:
>>>
>>>                 Sue,
>>>
>>>                 You already understand most of what you've got to know.
>>>
>>>                 The big change in the 4th edition is that it is now
>>>                 possible to run a 5-Day sale with zero advertising cost.
>>>
>>>                 All you need is Craigslist.
>>>
>>>                 Start your home at $24,500.  I know.  It sounds crazy.
>>>
>>>                 But you know you'll get more than 25 responses by
>>>                 Friday night, and some people who say they will
>>>                 never leave St. Louis are going to drive out just to
>>>                 see what's going on.  You will get the most you can
>>>                 get for your home at the present time.
>>>
>>>                 I have started at absurd prices many times.
>>>                 Literally a zillion people show up, and you must be
>>>                 ready for them.  There is no question that most of
>>>                 them cannot or will not pay what you are hoping
>>>                 for.  But so what?  3 people who know what your home
>>>                 is currently worth will pop out of the crowd, bid
>>>                 against each other, and you will get the most you
>>>                 can get for your home on the weekend you pick.
>>>
>>>                 Enough people have computers so that you no longer
>>>                 have to take telephone calls.  You can do everything
>>>                 on the web -- and the response is instantaneous.
>>>
>>>                 Prepare materials to email back to people before
>>>                 placing the ad.  You can send pictures.  You can
>>>                 explain in detail how you will run the sale. 
>>>                 Because you get to write it all out in advance, you
>>>                 can be sure everyone gets the same information, and
>>>                 you can be sure you have said exactly what you want
>>>                 to say.
>>>
>>>                 I can't tell you exactly what materials to provide
>>>                 in response to Craigslist inquiries because I don't
>>>                 know yet.  I do know you will get an overwhelming
>>>                 number of responses, and virtually everyone looking
>>>                 for a home like yours will know yours is available
>>>                 and REALLY will be sold to the high bidder Sunday night.
>>>
>>>                 Unlike Bill, your home can certainly be sold at this
>>>                 time.  Just like Bill, you can know exactly what
>>>                 you've got to do in just 5 Days at no cost.
>>>
>>>                 If you start to develop "stock" internet responses
>>>                 to Craigslist, let us know what they are, and how
>>>                 they worked.
>>>
>>>                 The Craigslist headline and body copy work
>>>                 differently than newspaper 5-Day Ads.  Again, let us
>>>                 know what works.
>>>
>>>                 Also, watch the resubmission rules -- you don't
>>>                 want' to get frozen out of Craigslist in the middle
>>>                 of your 5-Day Sale.  I generally try to run one ad
>>>                 starting Tuesday night and deleting Thursday.  And
>>>                 an updating ad running Friday Saturday and Sunday. 
>>>                 You should have 25 responses by Thursday night.
>>>
>>>                 Let us know how it goes.  You're on the right track.
>>>
>>>                 Bill Effros
>>>                 Author
>>>
>>>
>>>
>>>                 Sue Pruett wrote:
>>>
>>>                     I am a big fan of this method.  We used the
>>>                     first book back in 1995 to sell our first house,
>>>                     and it worked great!  I always knew we would use
>>>                     this method for our second house.  Well, the
>>>                     time has come to sell our second house!  I
>>>                     purchased the book just about a month ago. 
>>>                     However, I didn't realize there was a third
>>>                     edition until about two weeks ago.  The seller
>>>                     didn't inform me of this fact!  I'm sure there
>>>                     is a lot in the third edition that would have
>>>                     been helpful to us!
>>>                      
>>>                     Well, here's where our story stands right now. 
>>>                      
>>>                     We live in Southern Illinois, across the
>>>                     Mississippi from St. Louis.  Homes in our
>>>                     neighborhood have been selling in the upper
>>>                     $80's in the past 4 months.  When we compare our
>>>                     home to these, some things are better in ours,
>>>                     some are worse.  Ours is larger than any of
>>>                     them.  We had hoped to get about $90K, but would
>>>                     have been more than satisfied with $85K. 
>>>                      
>>>                     We tried the sale two weeks ago with ads in the
>>>                     only daily in town.  We got 4 calls.  We
>>>                     postponed the sale.  We were able to advertise
>>>                     in two weeklies, in addition to the daily.  We
>>>                     broke a big rule - we only had 17 calls by
>>>                     Friday, but went ahead with the sale.  At least
>>>                     12 of our callers were so excited about the
>>>                     house, we thought we were good to go.  Don't
>>>                     break that rule!  We only had 5 families come to
>>>                     look, and only two bidders, and one could not
>>>                     afford our starting price.  We did get a $75K
>>>                     offer, and we agreed to sell it to her.
>>>                      
>>>                     The other thing we did was start at $74,500,
>>>                     because we were scared to start lower.  I'm sure
>>>                     this also contributed to fewer callers.  We
>>>                     arent' sure the current buyer is going to come
>>>                     through.  We should know by tonight.  If she
>>>                     doesn't, we are purchasing the third edition of
>>>                     the book, and doing it right!  We'll start at
>>>                     $49,500, and we'll utilize the other advertising
>>>                     methods discussed in the third edition.  I
>>>                     almost wish the fourth edition was already out,
>>>                     as I'm worried we are behind the times with the
>>>                     internet advertising. 
>>>                      
>>>                     I know I've gone on a long time, but I do have a
>>>                     question - can anyone point me to which internet
>>>                     advertising you all use.  I've never used
>>>                     anything but ebay to sell over the internet, and
>>>                     not for something like a house!    I'd just like
>>>                     to get a picture of how internet advertising
>>>                     works.  Thanks so much for sticking with my story!
>>>
>>>                     Sue Pruett
>>>                     32950 Delhi Road
>>>                     Brighton, IL  62012
>>>                     618-372-3501
>>>                     Visit my blogs at
>>>                     http://www.thecharlottemasongirl.com/
>>>                     and http://www.illinoisgreenhome.com
>>>                     <http://www.illinoisgreenhome.com/>
>>>                     and http://parentingwithstyle.blogspot.com/
>>>                      
>>>
>>>                     ------------------------------------------------------------------------
>>>
>>>                     _______________________________________________
>>>                     5-DayForum mailing list
>>>                     5-DayForum at mailman.howtosellyourhomein5days.com <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>>>                     http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>                       
>>>
>>>
>>>
>>>                 _______________________________________________
>>>                 5-DayForum mailing list
>>>                 5-DayForum at mailman.howtosellyourhomein5days.com
>>>                 <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>>>                 http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>
>>>
>>>             ------------------------------------------------------------------------
>>>
>>>             ------------------------------------------------------------------------
>>>             Get back to school stuff for them and cashback for you.
>>>             Try BingT now.
>>>             <http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackToSchool_Cashback_BTSCashback_1x1>
>>>
>>>
>>>             ------------------------------------------------------------------------
>>>
>>>             _______________________________________________
>>>             5-DayForum mailing list
>>>             5-DayForum at mailman.howtosellyourhomein5days.com <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>>>             http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>               
>>>
>>>
>>>         ------------------------------------------------------------------------
>>>         Get back to school stuff for them and cashback for you. Try
>>>         BingT now.
>>>         <http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackToSchool_Cashback_BTSCashback_1x1>
>>>
>>>         ------------------------------------------------------------------------
>>>
>>>         _______________________________________________
>>>         5-DayForum mailing list
>>>         5-DayForum at mailman.howtosellyourhomein5days.com
>>>         http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>           
>>
>>     ------------------------------------------------------------------------
>>
>>     _______________________________________________
>>     5-DayForum mailing list
>>     5-DayForum at mailman.howtosellyourhomein5days.com
>>     http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>       
>
> ------------------------------------------------------------------------
>
> _______________________________________________
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> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From rosemarie-fred at mindspring.com  Thu Aug  6 15:59:21 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Thu, 6 Aug 2009 15:59:21 -0400
Subject: [5-DayForum] 5-Day Canadian sale - the story ends...
References: <d22.49c3494a.37ab4a35@aol.com>
	<4A7A5E50.8010701@effros.com><318953.87614.qm@web80608.mail.mud.yahoo.com>
	<BLU0-SMTP19586601E9EDF8A90E3E6CC80A0@phx.gbl>
Message-ID: <AA614AF550F24E22802F42A97F962EA6@rosemarifv6onv>

Congratulations! You have achieved your goal, and your buyers got a bargain, and everyone is happy.  It's so good to hear a success story, even though you had to hustle some at the end. I think that probably happens quite a lot. 
Well done.
Rosemarie
  ----- Original Message ----- 
  From: Tammy 
  To: How To Sell Your Home in 5-Days 
  Sent: Thursday, August 06, 2009 2:55 PM
  Subject: Re: [5-DayForum] 5-Day Canadian sale - the story ends...


  Hey all,

  Just thought I'd update everyone on my sale.

  As most of you know, I held a 5-Day sale a couple of weekends ago.  As most of you also know, I was freaking out on the last night because the bids weren't very high.  People kept asking me if I had a 'reserve bid' (a minimum figure in my mind below which I would not sell) and also asking me, "what if you don't get a very high bid?"  I kept answering, "Well, I am trying to stay positive.  I hope that people will recognize the value of the home.  But I am a motivated seller and the house WILL be sold Saturday night to the highest bidder!"  (I held my Open House on Friday and Saturday).  

  The highest bidder weighed in at $219,000 or something, whereas I bought my house 2 1/2 years ago for $226,000.  I was so tempted to change the rules because I could see myself losing money.  But I had told callers what the process was so I wanted to stay true to my word.  And my first purpose was to sell the house quickly, and that goal was achieved.  So with great sorrow I told the highest bidder I would phone him Monday and we could work the details out.  

  On Monday I called him and honestly explained that I would be losing money with the highest bid, and did not want to sell so low, was going to list with an agent, and wondered if he would be willing to go up to $226,000.  I would at least get what I paid for it, and he would get a house.  Unfortunately in the meantine he had changed his mind and decided he wasn't sure if he wanted a house or a condo.  So he backed out.  The second highest bid was something like $212,000 and I just couldn't go there.

  I was very despondent, but as a result of the previous weeks' advertising 'blitz', more phone calls started coming in the week after, from people who had heard about the sale from word of mouth, or people who saw the flyer because they had checked their mail after the weekend.  I called each back and explained that I had received a highest bidder, but that the highest bidder backed out and the house was still for sale.  I told them I wanted at least $226,00 for the house.  I emailed whatever info they wanted and answered all their questions.

  Out of all that post-5-Day Sale melee, emerged the "Real Buyer" - a young couple with children who loved the house and decided to buy it.  I sat down with them and we mutually agreed on $233,000.  This not only covers what I paid but will also cover lawyers fees plus the mortgage discharge fee my mortgage co. will charge me for breaking the term early.  Again I will not be making any money on this transaction, but my first purpose was to sell the house, as I am undergoing a career change and needed to move quickly.  This is what attracted me about the 5-Day Sale method, because it was fast.  It would have been nice to have gotten a bit more, but if you want to go by looking at 'Comp's' in my area, I would have only been able to get perhaps a couple of thousand more, that's it.  I was never under any illusions in this market that I would be making a huge profit on my house, although I hoped for the best, but I did at very least not want to lose money on it.

  ...and mission accomplished!

  Tammy
  Barrie, Ontario
  Canada



    ----- Original Message ----- 
    From: Leslie Michaels 
    To: How To Sell Your Home in 5-Days 
    Sent: Thursday, August 06, 2009 1:39 AM
    Subject: Re: [5-DayForum] FEAR


    Yes Bill, you are confusing me with someone else. I did not modify your methods, in fact I followed your book to the letter! My home is in an area where the market is moving; not like it did in the past, but homes are selling. I didn't pay too much for my house, nor are the upgrades that I've put in over the past year outpricing my home.  All we are saying is that, in this current real estate market, your methods aren't working.  You said yourself that if something consistently fails you would tell everyone not to use it. Well, we are here to tell you that your method is consistently failing, and that Craigslist isn't working either.  I am not looking for revenge, nor am I angry, I am just voicing my opinion, which is what a forum is all about.
    BTW, Bill, I was absolutely tongue-in-cheek about having you come out here! You really didn't take me seriously did you?

    Leslie

     



----------------------------------------------------------------------------
    From: Bill Effros <bill at effros.com>
    To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
    Sent: Wednesday, August 5, 2009 11:38:40 PM
    Subject: Re: [5-DayForum] FEAR

    Janet,

    You know I can't legally do that.  Maybe Leslie doesn't.

    In fact, I have never taken money for helping people sell their homes, I make no money from maintaining this Forum, I take no advertising, I give no endorsements, and while I have probably earned a quarter of million dollars from the sale of the book, that is over a 22 year period, and it is hardly enough to sustain a family of 4.

    I recommend a method I stumbled across when I was in trouble.  I honestly believe it is the best way for anyone to sell a home.  Friends and family ask for my help whenever they have homes to sell.  I have corresponded with literally thousands of people who have successfully used the method.  When someone tries something that works, I try it, too.  I am constantly modifying the Method as I learn to implement it better.  If something consistently fails, I tell everyone I know to not use a technique that has a lower success rate.

    I am sorry if you and Leslie paid too much for the homes you are trying to sell, however you both seem intent on killing the messenger to get revenge.  That is really not helpful to FSBOs.

    We are all living through difficult times.  The 5-Day Method does not change the market.  I answer a lot of questions, but it seems to me I told you from the outset that the modification you decided upon would not work--or do I have you confused with someone else?

    Craigslist costs FSBOs nothing.  If they follow the central concepts in my book, and use only Craigslist, they can know in 3 days whether they can sell their homes for anything close to what they are hoping for--and if they can't, they should cancel the sale right then and there!  

    You can't fool the market!

    Bill Effros
    Author

    Janetislight at aol.com wrote: 
      Leslie,

      Let me know if he takes you up on it.  LOL

      Janet

      In a message dated 8/5/2009 3:47:02 P.M. Central Daylight Time, artchr61 at yahoo.com writes:
        Dear Bill,
        I second the motion, and I will tell anyone thinking of doing a 5 day sale to think twice about buying your new book. Craigslist is obviously not the holy grail of advertising you're making it out to be. For example, when someone is searching for real estate on Craigslist, they put in a town AND a price range. If you list your home for 24,500 no one will see it because no one will be searching at that price point.
        By the way, Bill, since you've been running successful 5 day sales for the past 20 years, I would be more than happy to pay you a commission to come to my home and help me out!  Just let me know when to expect you!!

        Leslie

------------------------------------------------------------------------

        From: "Janetislight at aol.com" <Janetislight at aol.com>
        To: 5-dayforum at mailman.howtosellyourhomein5days.com
        Sent: Wednesday, August 5, 2009 3:02:06 PM
        Subject: Re: [5-DayForum] FEAR


        This was my experience Exactly!  I did sell a home on Craigslist before, but it was at market price.  I'm sure those that saw my price on this last property just thought it was bull and moved on because no way would even a foreclosure sell for that amount in the neighborhood that my house was in.  If this next book is going to be about Craigslist only..... I'm not buying it.

        Janet

        In a message dated 8/5/2009 11:27:00 A.M. Central Daylight Time, artchr61 at yahoo.com writes:
          I'm not quite sure what to make of all this right now. I know in my neighborhood homes are selling and have sold in the 400,000-550,000 range. Some homes in my town are selling currently for quite a bit more, so this is not one of the depressed areas.  (I am in the north suburbs of Chicago) 
          I tried the 5 day sale and listed my house in 3 major papers, Craigslist, and Kijiji. The newspapers are not only in print, but online versions as well. I followed Bill's layout exactly.  I have been told by 2 realtors that my home is worth about 500,000 in today's market; it would have been closer to 600,000 a few years ago. I listed my house for 249,500 (magic number!) but got no repsonses from any internet advertising, only from the newspapers. I got 8 calls from people, told them about my house and then emailed to them further information if they wanted more.  I ended up changing my 5 day sale to a traditional open house and informed the 8 people that contacted me about the change. Only 1 of those people showed up a my open house. >From signs I put out on the street I got an additional 6 families.
          From what I've read here on the forum, NO ONE is getting responses from Craigslist. Craigslist is not for people looking to spend a large amount of money. Craigslist is for people looking for deals on stuff, not real estate (not to mention all the scams on Craigslist) I have only had luck on Craigslist when I am selling stuff at a bargain price or giving things away to clean out my garage. That's it.
          Bill, if you think that Craigslist is the answer, you're on the wrong track. I don't think anyone here at the forum has had ANY success with Craigslist. And I think that putting a ridiculously low price on the house would just make people suspicious about scams and run down foreclosures, especially on Craigslist.

          Leslie




----------------------------------------------------------------------
          From: Bill Effros <bill at effros.com>
          To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
          Sent: Wednesday, August 5, 2009 7:53:21 AM
          Subject: Re: [5-DayForum] FEAR

          Gary,

          What is the rest of this story?

          What do you think these properties are currently worth?

          Let's start with property 2.

          You had a complete failure with property 1 but you decided to try property 2 anyhow.

          You imply it is worth at least $300,000, which would mean your starting price was $149,500.  22 people showed up, you got 11 bids, and the highest one was $75,000.

          I've been running 5 Day Sales for more than 20 years, and I've never heard of a single instance where people followed the method and the best price they were offered was 50% of a starting price that was 50% of current market value.

          By the way, what did you pay for the property, and when did you buy it?

          This Forum seems to have attracted a lot of speculators who paid more for properties than they are worth, and now want to blame the market for their miscalculations.

          The successful speculators are making a fortune using the 5-Day Method, and many use it exclusively.  I hear from them constantly--many are selling multiple properties every single weekend.  They know what to pay, and they immediately turn around and sell.  If you look back in the archives, some of them pop up once or twice, but basically they have neither time nor interest in explaining what they are doing.  If you paid too much for the properties you are trying to sell, neither the  5-Day Method nor anything else is going to bail you out.

          Bill Effros
          Author



          Gary Noel wrote: 
            Bill, have you run a 5 day sale in the last month?  I have!  A townhouse where nothing sold in the complex for less than $150,000 in the last 3 months, 6 months or year.  That includes the bank (trashed) REO's that sold in the complex.  There are two properties that were listed on the MLS for $189,000 that are currently under contract.  We did the 5 day and the highest bid we received was $94,000.  The property is in great condition but yet the highest bid was $94,000.  By the way the trashed REO that sold less than 2 months ago sold for $150,000.  I don't remember how many window were broken nor the number of holes in the wall, etc.

            And property number 2 we did a 5 day this last weekend.  No model like this sold for under $300,000 and the last one that sold was for $469,000 in this area.  The highest bid we received was $75,000.  We had a lot more than the 25 minimum calls, 22 people show up, 11 people put bid amounts and a high bid of $75,000 Sunday night.

            Let me know how your 5 day goes.




--------------------------------------------------------------------
            From: Bill Barks <barks4444 at comcast.net>
            To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
            Sent: Tuesday, August 4, 2009 3:04:01 PM
            Subject: Re: [5-DayForum] FEAR

            I disagree that the process is not working.  I think it is working.  The 
            discrepancy in the price delivered through the 5-day sale and the price 
            expected by the seller is that  there aren't buyers out there willing to pay 
            what the seller thinks it is worth.  therefore the seller is wrong in their 
            estimation.  In any market the house is only worth what someone is willing 
            to pay for it.  So in fact the process is working .  it is identifying what 
            the house is worth in your market at the time the sale is run.  Likely the 
            number is what it sold for 10-12 years ago before the unjustified run-up in 
            housing prices. -the bubble.

            Some experts say the sub-prime mess is nothing compared to the "prime mess 
            we are about to see.

            I am having first hand experience with this - a 1.2 million dollar purchase 
            in Nov '06 of 300' of western-facing waterfront - with a 2900'sq ft well 
            constructed fully remodeled ranch house and 650' sq ft guest house. in a 
            rural area of the Puget  Sound region of Western Washington state,. 
            Currently there are 32 homes on the market in my price range with only 2 
            sales since March.    Other than a 5-day sale, which I plan to run next 
            week,  it is very difficult to ascertain the value of a property.  I ran 
            some hypothetical "bargain" # s by a realtor in the area for 27 years --I 
            asked " what about $ 850,000 ?- would that get buyers excited ?- his reply 
            was "join the club, there are homes currently listed at 1/2 of what they 
            were listed 1 year ago--and no interest.  the buyers just aren't there".

            That is the real FEAR issue- buyers a afraid to buy what may likely turn out 
            to be a depreciating liability , rather than an asset.  And what bank would 
            want to loan in that situation?

            So run the 5-day sale --to the book...and there will be your answer as to 
            what your house is worth....and then make your plan accordingly --rather 
            than on what you "wish" your home would sell for.




            ----- Original Message ----- 
            From: "Steven Herbert" <sterbert at yahoo.com>
            To: "How To Sell Your Home in 5-Days" 
            <5-dayforum at mailman.howtosellyourhomein5days.com>
            Sent: Tuesday, August 04, 2009 12:06 PM
            Subject: Re: [5-DayForum] FEAR


            I'm a little irritated. The BOOK claims that you can get the best possible 
            price by using Bill's method--that hasn't been the case on this forum, for a 
            long while). So SUCCESSES are being defined as any sell for any price ("at 
            least you got an offer" kind of success).

            Knowing the best advertising in your area is a complicated process. 
            Advertising rules have changed in Tacoma--Seattle area (1 newspaper just 
            retired itself) and few hits came from Craigslist. No system is perfect so I 
            don't believe as religious truth that "3 real buyers" will show up if you 
            price the house at 50% ... b/c folks actually believe that 50% is a 
            possiblity.

            Just my thoughts and opinions. I'm here on the forum listening for info but 
            I listed w/flat-fee MLS just recently.

            Steven


            --- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com> wrote:

            > From: Gary Noel <gnoel88 at yahoo.com>
            > Subject: Re: [5-DayForum] FEAR
            > To: "How To Sell Your Home in 5-Days" 
            > <5-dayforum at mailman.howtosellyourhomein5days.com>
            > Date: Tuesday, August 4, 2009, 1:53 PM
            > Hi
            > Rosemarie,
            >
            > You mentioned something about having two successful
            > auctions. Can you share with us what you did to have
            > such a wonderful experience? I've personally tried
            > two so far and advertised in many ways Bills'
            > doesn't mention. For example, passing out flyers
            > and putting up signs on street corners. In tracking
            > the calls very few came from the newspaper and internet
            > while most all came from the flyers and signs. Even
            > though I had 22 people come to the auction with 11 initial
            > biders, the top bid was about one third of the current
            > value. So my question to anyone who can help is: what
            > can be done to get the bid up to a little closer to market
            > value? Nothing in the area has sold for less than four
            > times the highest bid we received on this model.
            >
            >
            >
            >
            >
            > From:
            > rosemarie-fred <rosemarie-fred at mindspring.com>
            > To: How To
            > Sell Your Home in 5-Days
            > <5-dayforum at mailman.howtosellyourhomein5days.com>
            > Sent:
            > Tuesday, August 4, 2009 7:01:56 AM
            > Subject: Re:
            > [5-DayForum] FEAR
            >
            >
            > #yiv206810613 DIV {
            > MARGIN:0px;}
            >
            >
            > Leslie -
            > There are lots of success
            > stories. You haven't been on this forum very long, or
            > you would know that Bill does read it and weighs in when he
            > thinks it's worth it. Since this forum is about his
            > methods, I think we should be a little more polite about it,
            > at least!
            > I have had two successful
            > sales, and am planning another. If you read the archives you
            > will find plenty of them.
            > There are factors that
            > affect how things work that have nothing to do with the
            > book, but Bill always says that if you run the sale
            > according to his methods you will find out the value of the
            > house to the marketplace at that time. The 5-day sale is
            > usually ahead of the rest of the market.
            > Bill is now working on the
            > fourth edition, which may be why we are not hearing from him
            > as much as usual. I know we are all interested to know what
            > he will change. I know there will be more emphasis on
            > internet advertising.
            > Let us know if you are
            > successful with the realtor.
            > Rosemarie
            >
            > ----- Original Message -----
            >
            > From: Leslie Michaels
            >
            > To: How
            > To Sell Your Home in 5-Days
            > Sent: Monday, August
            > 03, 2009 11:39 PM
            > Subject: Re:
            > [5-DayForum] FEAR
            >
            >
            >
            > I would have to say that the book is very out dated
            > for this real estate economy. I have yet to hear of any real
            > positive feedback in favor of the book and the methods it
            > promotes. I think the forum is a great way to find out what
            > really works, not what Bill Effros wrote...(maybe he should
            > be reading this forum as well!) I followed the
            > book with regards to newspaper ads and some signs but it was
            > very disappointing. I spent nearly 600.00 in advertising
            > with nothing to show. Flyers probably wouldn't work in
            > my area since most people around here just throw them away.
            > I live in an upper middle class town near Chicago and
            > I've tried the flat fee MLS with some showings and no
            > offers, Bill's book with no success at all, and now
            > I'm going with a full service realtor at the end of
            > the month. Homes in my area are selling with full
            > service realtors, so I'm going that route and hopefully
            > I can sell my house by the end of the year. I
            >  personally won't waste any more time or money with
            > Bill's plan, but if anyone out there has a good success
            > story, I'd love to hear it!!
            >
            > Leslie
            >
            >
            >
            >
            > From: Gary
            > Noel <gnoel88 at yahoo.com>
            > To: How To
            > Sell Your Home in 5-Days
            > <5-dayforum at mailman.howtosellyourhomein5days.com>
            > Sent: Monday,
            > August 3, 2009 10:25:42 PM
            > Subject: Re:
            > [5-DayForum] FEAR
            >
            >
            >
            > Actually I'm not sure when would be the best time
            > to have the auction. But I will add this. The
            > flyers and signs were by far the biggest draw.
            > We'll figure out what works and what doesn't.
            > It may be just doing something completely different that the
            > book does have in it.
            >
            >
            >
            >
            >
            > From:
            > Stephanie Glazar <sglazar at yahoo.com>
            > To: How To
            > Sell Your Home in 5-Days
            > <5-dayforum at mailman.howtosellyourhomein5days.com>
            > Sent: Monday,
            > August 3, 2009 6:57:58 PM
            > Subject: Re:
            > [5-DayForum] FEAR
            >
            >
            >
            >
            >
            >
            > Thanks for your story Gary!
            > After sending the email, I've had some time to
            > think. The truly scary thing would be to be stuck with
            > the property for another winter with the 200 dollar monthly
            > heating bill and the 600 dollar mortgage and the garbage
            > bill, taxes, etc.! I'm here at a Panera's
            > reading the book from cover to cover. I had just read
            > enough to be interested. My realtor showed my home to
            > only 3 people in a year.....actually, it was one until I
            > complained and in June 2 more people were shown my
            > home. I got out of my contract and the
            > home's got to go. I like your idea about
            > flyers in the neighborhood. I'm going to do that!
            >
            >
            > I was aiming for the end of August. Do you
            > suppose that's a better date than the first week of
            > September?
            > Stephanie
            >
            >
            >
            >
            >
            >
            > Stephanie S.
            > Glazar
            > 412-443-5670
            > (cell)
            > sglazar at yahoo.com
            >
            > --- On Mon, 8/3/09, Gary Noel
            > <gnoel88 at yahoo.com> wrote:
            >
            >
            > From: Gary Noel <gnoel88 at yahoo.com>
            > Subject: Re: [5-DayForum] FEAR
            > To: "How To Sell Your Home in 5-Days"
            > <5-dayforum at mailman.howtosellyourhomein5days.com>
            > Date: Monday, August 3, 2009, 6:06 PM
            >
            >
            >
            >
            >
            >
            > Hi Stephanie,
            >
            > We did 2 round robin auctions, one this last week end
            > and th other two week ends ago. The first
            > one was a townhouse in great condition. Nothing in the
            > complex has sold under $150,000. Our highest offer was
            > $94,000. The other property needed work but when fixed
            > up would be worth in the $300's. I don't even
            > want to tell you what the highest offer was.
            >
            > We passed out 1500 flyers door to door, put an ad in
            > the paper, put signs on just about every street corner for
            > blocks around the property, had a large orange sign in front
            > of the property, rented a wind dancer to draw attention, had
            > about 8 other signs in front of the property, had the strip
            > of flags streched out. Yah, it was a little
            > disappointing. But we will probably try it again on
            > another property and try a few things differently to see if
            > we can get better results. I believe this method
            > should work. I just don't know what the missing
            > link is yet.
            >
            >
            > Gary
            >
            >
            >
            >
            >
            > From:
            > Stephanie Glazar <sglazar at yahoo.com>
            > To:
            > 5-dayforum at howtosellyourhomein5days.com
            > Sent: Sunday,
            > August 2, 2009 11:19:20 PM
            > Subject:
            > [5-DayForum] FEAR
            >
            >
            >
            >
            >
            >
            > 5-day forum,
            > I am frightened that we will sell our house for much
            > much less than what it is worth because of the market.
            > My realtor only showed my home to 3 people in a year.
            > I fought to have my contract voided because of that and
            > won. Last year, August 2008, I had hopes of selling my
            > home for $55,000. According to the book, I should set
            > the price at one-half that, at $27,000 and then drop down to
            > the magic 500 number, so my ad should read $26,500. I
            > am very worried that this would be what my house would sell
            > at. I need $23,300.00 to pay off the home equity loan
            > attached to the home.
            >
            > The book I bought was copyrighted, 2007. Does
            > this method hold true for this terrible real estate market
            > in 2009? I would appreciate any positive comment.
            >
            > Stephanie
            >
            >
            >
            >
            >
            > Stephanie S.
            > Glazar
            > 412-443-5670
            > (cell)
            >
            >
            > sglazar at yahoo.com
            >
            >
            > -----Inline Attachment Follows-----
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            >
            >
            >
            >
            >
            >
            >
            >
            >
            >
            >
            >
            >
            >
            >
            >
            >
            >
            > _______________________________________________
            > 5-DayForum mailing list
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From bill at effros.com  Thu Aug  6 16:10:55 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 06 Aug 2009 16:10:55 -0400
Subject: [5-DayForum] How am I doing so far...a little
	encouragement	please!?!
In-Reply-To: <586441.59620.qm@web54304.mail.re2.yahoo.com>
References: <586441.59620.qm@web54304.mail.re2.yahoo.com>
Message-ID: <4A7B38CF.7030100@effros.com>

Jamie,

One of the things I am trying to work around is the craigslist 
flagging.  In some places there are people who seem to have nothing 
better to do than disrupt other people's sales, and this is the only 
weakness I have found in using craigslist exclusively.  I am trying to 
get in touch with Craig and his people to find out how to resolve this.  
One of the problems has been dishonest people using craigslist and the 
5-Day Method as a bait and switch, but there is little I can do to 
police that.

I must tell you, that with as many 5-Day Sales as I've done, I still get 
a little nervous, too, once the decision is made to "go for it!"  You 
will get a fair offer if you stick closely to book, but the offer will 
be better if you decide in advance you will take whatever you get, and 
if you stick to it.

Keep talking to us about flagging issues on Craigslist as they develop, 
and what you do to get around them.  Craigslist terms change, and it can 
be hard to keep up with what is acceptable.  Also, the way craigslist is 
administered differs from city to city with regard to self-policing.

There are a lot of people lurking on this forum who can help you out.  
There is a huge amount of information in the archives.

Bill Effros
Author

Jamie Ryan wrote:
> Thanks Bill,
> That helps me, too - my husband and I are going to do a 5 day sale in 
> a couple of weeks, and are a little nervous.  We tried a 3-day sale 
> using your method on a car around a month ago, sort of to see how it 
> works, and we were flagged on craigslist every time we posted.  At 
> first we were just listing what you said to put in a newspaper ad, and 
> it was almost immediately flagged every time.  Then, we added more 
> information about how the sale would work and they stopped flagging 
> it.  Is there anything in the normal newspaper ad that might go 
> against Craigslist's terms or anything?  Despite the flagging issues, 
> our car sold that sunday, for a fair price when we had it posted for 
> months previously.
> ~Jamie
>
> --- On *Thu, 8/6/09, Bill Effros /<bill at effros.com>/* wrote:
>
>
>     From: Bill Effros <bill at effros.com>
>     Subject: Re: [5-DayForum] How am I doing so far...a little
>     encouragement please!?!
>     To: "How To Sell Your Home in 5-Days"
>     <5-dayforum at mailman.howtosellyourhomein5days.com>
>     Date: Thursday, August 6, 2009, 9:23 AM
>
>     Julie,
>
>     The process is daunting in the best of times -- whether you do it
>     by yourself or not.
>
>     7 responses from Craigslist is a good sign.
>
>     It does not mean you will get what you are hoping for.
>
>     It does mean there are plenty of people interested in buying your
>     home at the current market value.
>
>     Stop hoping and praying for 40 responses by Friday night.  Whether
>     you get 25 or 52 doesn't really matter.  The fact that you got 7
>     from Craigslist immediately is the best news you could get.
>
>     If it doesn't fill out to 25 by Friday night you must know what
>     you are going to do.  You are not going to say "well, 23 is good
>     enough."
>
>     You have only 2 viable options -- either you tell everyone who has
>     responded that you are going to run the sale next weekend if you
>     get the rest of the responses you need, or you are going to tell
>     everyone that you cannot sell your home at this time using this
>     method, but you are still interested in selling your home.
>
>     So, at the end of day 3, if you had advertised solely in
>     Craigslist, you would have spent nothing, but you would know a lot
>     more than if you had signed up with a broker for 6 months or a year.
>
>     If you decide not to sell your home in 5-Days at this time, and no
>     one else responds, you have located 13 potential buyers at
>     virtually no cost.  Very few brokers bring 13 potential buyers to
>     any home for sale in a year -- good times or bad -- and their
>     contracts stipulate that they "own" those buyers, even if the
>     buyer later buys directly from you at a price substantially lower
>     than the price listed in the contract, the broker still gets a
>     commission.
>
>     Work with the 13 potential buyers.  Talk to them.  Email them.  Be
>     completely honest with them.  See if you can find a fair deal with
>     any of them.
>
>     If not, wait 3 months and start the 5-Day Method again, to see if
>     the market is any better.
>
>     If you locate 25 potential real buyers, and you decide to run your
>     5-Day Sale, you must commit, in your own mind, to following
>     through on Sunday night.  Buyers can hear from your answers
>     whether you are truly going to sell to the high bidder, or if you
>     view the 5-Day Method as just a "bait and switch".  If it sounds
>     like a "bait and switch" the real buyers will head for the exit
>     without ever leaving a bid.  You would, too.  You can't get the
>     highest possible bid without honestly committing to the sale.
>
>     Here we get to a tricky part -- I am not your lawyer.  And just as
>     I cannot sell Janet's house for her without putting myself in
>     peril, I also cannot give you legal advise without putting myself
>     in peril.
>
>     Let me just state some facts:
>
>     1.  A lot of lawyers don't know what they are talking about.  (50%
>     of them graduated from law school in the bottom half of their class.)
>     2.  The laws in most states protect FSBOs.  You are not a
>     professional.  You do not have a license.  You are trying to do
>     things right.
>     3.  The starting price in an "or best offer" ad is not legally
>     binding.
>     4.  Nobody actually "sells" their home until the "closing".
>     5.  All you are really trying to do is "make a deal" Sunday
>     night--and you make a non-binding promise to strike that deal with
>     the high bidder.
>     6.  The buyer can back out of the deal right up to the closing.
>     7.  The seller can back out of the deal right up to the closing.
>     8.  Numerous other parties can kill the deal, even if the buyer
>     and seller both want to go through with it.
>
>     Nobody can get you the price you want if the market will not
>     support that price.  If you use the 5-Day Method you can get the
>     current market price in 5-Days--every time--if you just stick
>     closely to the method.  The method "succeeds" every time for those
>     who use it properly.  The negative comments you read on this forum
>     come from people who blame the market for their mistakes.  They
>     all could have sold their homes in 5 Days if they were prepared to
>     take the current market value.
>
>     You can, too.  You are well on your way.  I wish you could get
>     today what you could have gotten for your home 3 years ago.  But
>     you can't.  And no one else can either.
>
>     5-Day Sales are emotionally draining.  They compress a lot of
>     major financial decisions into a short time frame.  It would
>     appear you are well on your way to being able to sell your home in
>     5-Days, provided only you work out any difference between the
>     current market value and the least you are able to take.  If you
>     view your 5-Day Sale through this lens you will be offered the
>     most anyone will offer for your home at this time.
>
>     Decide now if you are going to take the offer.  If not, do not
>     follow through with the Inspection and Round Robin--do something
>     else Friday night--you are still far ahead of the game at minimal
>     cost.
>
>     Bill Effros
>     Author
>
>
>
>
>
>
>
>
>     juliegorman at bellsouth.net wrote:
>>     Just thought I'd jump in here...I certainly am not a pro...but I
>>     placed an ad on Craigslist today and received 7 responses...Is
>>     that good?
>>      
>>     So far, between flyers, an ad in the newspaper, and Craigslist I
>>     have 13 responders in one day? I am hoping and praying for at
>>     least 40 by Friday night, with a minimum of the necessary 25.
>>      
>>     This process is a little scary. I was hoping to find more
>>     encouragement on this Forum. I understand telling the bad with
>>     the good. But when you are doing something that you are already
>>     fearful about...it sure would be good to have a little more
>>     assurance of the truth.
>>      
>>     The truth is until a formal contract is signed neither I nor the
>>     buyer are bound to the bidding process.--is that true?
>>      
>>     The truth is if this process doesn't work...I have the names and
>>     numbers of realtors...investors...and individuals who have
>>     expressed interest in my home that I can respond back to at a
>>     later time--is that true?
>>      
>>     The truth is if I commit to this process...I will know by Sunday
>>     evening a very close estimate to what buyers say the value of my
>>     home is for that time and date...and I have the choice to either
>>     accept or reject their evaluation...of course with the
>>     understanding that I WILL take the highest bid Sunday evening, as
>>     long as it meets the banks highest bid of what I owe on it--is
>>     that true?
>>      
>>     Please encourage me! This process is daunting the first time and
>>     just need a little encouragement from anyone who has had success.
>>      
>>     Julie from Kentucky
>>
>>         -------------- Original message from Bill Effros
>>         <bill at effros.com>: --------------
>>
>>         Agreed.
>>
>>         But it tells you everything you need to know.
>>
>>         If you want to sell it now you can only get the current
>>         market price.  No one can say if that price will be higher or
>>         lower 3 months from now, or 6 months from now.
>>
>>         You can play around with 5 Day ads on Craigslist for nothing.
>>
>>         Always start them late Tuesday night.  If you don't have 2 or
>>         3 responses by noon Wednesday, pull the ad and think over
>>         what that means.  It doesn't necessarily mean you can't sell
>>         your home, and it doesn't necessarily mean you can't get
>>         twice the starting price.
>>
>>         But would you take twice the starting price? or 90% of what
>>         you are hoping for?  or 80%?
>>
>>         At 1/2 current market price there should be a lot of
>>         enthusiasm, and the fast hit you get on Craigslist means
>>         failing to get 2 or 3 responses by noon Sunday must be
>>         interpreted as not enough enthusiasm.
>>
>>         I know you have been honestly trying to work this out, and
>>         you know I have never seen a housing market situation like
>>         the one we're in.  I'll keep thinking out loud with you, if
>>         you like.  At some point you'll know what you have to do.
>>
>>         Bill Effros
>>         Author
>>
>>         j crafor wrote:
>>>         Agents here will NOT list for 3 months, unless there is an
>>>         automatic 3 month extension. THEN, according to one contract
>>>         I read, there is ANOTHER three months beyond that that the
>>>         seller cannot sell to anyone without giving the agent a
>>>         commission, UNLESS it was re-listed with another agent. This
>>>         was a contract from the agent that I had been working with
>>>         for 15 years.
>>>          
>>>         That IS correct, which is why I decided to do FSBO.
>>>          
>>>         The last agent that I talked to, showed the house to at the
>>>         open houes, immediately wanted to list it, 7.5%
>>>         commission, 9 month listing....
>>>         No thanks.
>>>          
>>>         ------------------------------------------------------------------------
>>>         Date: Wed, 5 Aug 2009 10:34:07 -0400
>>>         From: bill at effros.com
>>>         To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>>         Subject: Re: [5-DayForum] Had a sale last weekend
>>>
>>>         JCrafor,
>>>
>>>         Your home is in a place where it has become extremely
>>>         difficult to sell homes -- at any price.  Nobody knows what
>>>         they are worth at this time.  List with an agent for a
>>>         limited time period -- let's say 3 months.  See what
>>>         happens.  Let us know.
>>>
>>>         I believe we are headed for a lot of inflation.  Homes in
>>>         some places will start to rise in selling price.  But other
>>>         homes will never be sold at any price.
>>>
>>>         Just my opinion -- this is not my area of expertise.
>>>
>>>         Bill Effros
>>>         Author
>>>
>>>         j crafor wrote:
>>>
>>>             I had only one response for the 5day from Craigslist,
>>>             and more for the standard open house on Craigslist.
>>>             Was considering doing a 5day this coming weekend (in
>>>             Tucson) but will have a standard open house instead. 
>>>             Sort of considering listing with an agent...
>>>             JCrafor
>>>              
>>>             ------------------------------------------------------------------------
>>>             From: Janetislight at aol.com
>>>             <http://us.mc543.mail.yahoo.com/mc/compose?to=Janetislight at aol.com>
>>>             Date: Wed, 5 Aug 2009 09:24:53 -0400
>>>             To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>>             <http://us.mc543.mail.yahoo.com/mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
>>>             Subject: Re: [5-DayForum] Had a sale last weekend
>>>
>>>             Yes, it would be interesting to know how to do this on
>>>             Craigslist, since I has zero responses from an ad placed
>>>             as laid out in the book.
>>>              
>>>             Janet
>>>              
>>>              
>>>             In a message dated 8/4/2009 5:54:54 P.M. Central
>>>             Daylight Time, bill at effros.com
>>>             <http://us.mc543.mail.yahoo.com/mc/compose?to=bill at effros.com>
>>>             writes:
>>>
>>>                 Sue,
>>>
>>>                 You already understand most of what you've got to know.
>>>
>>>                 The big change in the 4th edition is that it is now
>>>                 possible to run a 5-Day sale with zero advertising cost.
>>>
>>>                 All you need is Craigslist.
>>>
>>>                 Start your home at $24,500.  I know.  It sounds crazy.
>>>
>>>                 But you know you'll get more than 25 responses by
>>>                 Friday night, and some people who say they will
>>>                 never leave St. Louis are going to drive out just to
>>>                 see what's going on.  You will get the most you can
>>>                 get for your home at the present time.
>>>
>>>                 I have started at absurd prices many times.
>>>                 Literally a zillion people show up, and you must be
>>>                 ready for them.  There is no question that most of
>>>                 them cannot or will not pay what you are hoping
>>>                 for.  But so what?  3 people who know what your home
>>>                 is currently worth will pop out of the crowd, bid
>>>                 against each other, and you will get the most you
>>>                 can get for your home on the weekend you pick.
>>>
>>>                 Enough people have computers so that you no longer
>>>                 have to take telephone calls.  You can do everything
>>>                 on the web -- and the response is instantaneous.
>>>
>>>                 Prepare materials to email back to people before
>>>                 placing the ad.  You can send pictures.  You can
>>>                 explain in detail how you will run the sale. 
>>>                 Because you get to write it all out in advance, you
>>>                 can be sure everyone gets the same information, and
>>>                 you can be sure you have said exactly what you want
>>>                 to say.
>>>
>>>                 I can't tell you exactly what materials to provide
>>>                 in response to Craigslist inquiries because I don't
>>>                 know yet.  I do know you will get an overwhelming
>>>                 number of responses, and virtually everyone looking
>>>                 for a home like yours will know yours is available
>>>                 and REALLY will be sold to the high bidder Sunday night.
>>>
>>>                 Unlike Bill, your home can certainly be sold at this
>>>                 time.  Just like Bill, you can know exactly what
>>>                 you've got to do in just 5 Days at no cost.
>>>
>>>                 If you start to develop "stock" internet responses
>>>                 to Craigslist, let us know what they are, and how
>>>                 they worked.
>>>
>>>                 The Craigslist headline and body copy work
>>>                 differently than newspaper 5-Day Ads.  Again, let us
>>>                 know what works.
>>>
>>>                 Also, watch the resubmission rules -- you don't
>>>                 want' to get frozen out of Craigslist in the middle
>>>                 of your 5-Day Sale.  I generally try to run one ad
>>>                 starting Tuesday night and deleting Thursday.  And
>>>                 an updating ad running Friday Saturday and Sunday. 
>>>                 You should have 25 responses by Thursday night.
>>>
>>>                 Let us know how it goes.  You're on the right track.
>>>
>>>                 Bill Effros
>>>                 Author
>>>
>>>
>>>
>>>                 Sue Pruett wrote:
>>>
>>>                     I am a big fan of this method.  We used the
>>>                     first book back in 1995 to sell our first house,
>>>                     and it worked great!  I always knew we would use
>>>                     this method for our second house.  Well, the
>>>                     time has come to sell our second house!  I
>>>                     purchased the book just about a month ago. 
>>>                     However, I didn't realize there was a third
>>>                     edition until about two weeks ago.  The seller
>>>                     didn't inform me of this fact!  I'm sure there
>>>                     is a lot in the third edition that would have
>>>                     been helpful to us!
>>>                      
>>>                     Well, here's where our story stands right now. 
>>>                      
>>>                     We live in Southern Illinois, across the
>>>                     Mississippi from St. Louis.  Homes in our
>>>                     neighborhood have been selling in the upper
>>>                     $80's in the past 4 months.  When we compare our
>>>                     home to these, some things are better in ours,
>>>                     some are worse.  Ours is larger than any of
>>>                     them.  We had hoped to get about $90K, but would
>>>                     have been more than satisfied with $85K. 
>>>                      
>>>                     We tried the sale two weeks ago with ads in the
>>>                     only daily in town.  We got 4 calls.  We
>>>                     postponed the sale.  We were able to advertise
>>>                     in two weeklies, in addition to the daily.  We
>>>                     broke a big rule - we only had 17 calls by
>>>                     Friday, but went ahead with the sale.  At least
>>>                     12 of our callers were so excited about the
>>>                     house, we thought we were good to go.  Don't
>>>                     break that rule!  We only had 5 families come to
>>>                     look, and only two bidders, and one could not
>>>                     afford our starting price.  We did get a $75K
>>>                     offer, and we agreed to sell it to her.
>>>                      
>>>                     The other thing we did was start at $74,500,
>>>                     because we were scared to start lower.  I'm sure
>>>                     this also contributed to fewer callers.  We
>>>                     arent' sure the current buyer is going to come
>>>                     through.  We should know by tonight.  If she
>>>                     doesn't, we are purchasing the third edition of
>>>                     the book, and doing it right!  We'll start at
>>>                     $49,500, and we'll utilize the other advertising
>>>                     methods discussed in the third edition.  I
>>>                     almost wish the fourth edition was already out,
>>>                     as I'm worried we are behind the times with the
>>>                     internet advertising. 
>>>                      
>>>                     I know I've gone on a long time, but I do have a
>>>                     question - can anyone point me to which internet
>>>                     advertising you all use.  I've never used
>>>                     anything but ebay to sell over the internet, and
>>>                     not for something like a house!    I'd just like
>>>                     to get a picture of how internet advertising
>>>                     works.  Thanks so much for sticking with my story!
>>>
>>>                     Sue Pruett
>>>                     32950 Delhi Road
>>>                     Brighton, IL  62012
>>>                     618-372-3501
>>>                     Visit my blogs at
>>>                     http://www.thecharlottemasongirl.com/
>>>                     and http://www.illinoisgreenhome.com
>>>                     <http://www.illinoisgreenhome.com/>
>>>                     and http://parentingwithstyle.blogspot.com/
>>>                      
>>>
>>>                     ------------------------------------------------------------------------
>>>
>>>                     _______________________________________________
>>>                     5-DayForum mailing list
>>>                     5-DayForum at mailman.howtosellyourhomein5days.com <http://us.mc543.mail.yahoo.com/mc/compose?to=5-DayForum at mailman.howtosellyourhomein5days.com>
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>>>                       
>>>
>>>
>>>
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>>>
>>>
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>>>               
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>>>
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From Janetislight at aol.com  Thu Aug  6 16:23:14 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Thu, 6 Aug 2009 16:23:14 EDT
Subject: [5-DayForum] 5-Day Canadian sale - the story ends...
Message-ID: <c74.55f52418.37ac95b2@aol.com>

Hurray for Tammy!  My high bidder came outside of the actual round  robin 
too.  You just never know...
 
Kudos!
 
Janet
 
 
In a message dated 8/6/2009 2:04:56 P.M. Central Daylight Time,  
tammytarr at sympatico.ca writes:

Hey all,
 
Just thought I'd update everyone on my  sale.
 
As most of you know, I held a 5-Day sale a couple  of weekends ago.  As 
most of you also know, I was freaking out on the  last night because the bids 
weren't very high.  People kept asking me if  I had a 'reserve bid' (a 
minimum figure in my mind below which I would not  sell) and also asking me, "what 
if you don't get a very high bid?"  I  kept answering, "Well, I am trying 
to stay positive.  I hope that people  will recognize the value of the home.  
But I am a motivated seller and  the house WILL be sold Saturday night to 
the highest bidder!"  (I  held my Open House on Friday and Saturday).  
 
The highest bidder weighed in at $219,000 or  something, whereas I bought 
my house 2 1/2 years ago for $226,000.  I was  so tempted to change the rules 
because I could see myself losing money.   But I had told callers what the 
process was so I wanted to stay true  to my word.  And my first purpose was 
to sell the house quickly, and that  goal was achieved.  So with great 
sorrow I told the highest bidder I  would phone him Monday and we could work the 
details out.  
 
On Monday I called him and honestly explained  that I would be losing money 
with the highest bid, and did not want to sell so  low, was going to list 
with an agent, and wondered if he would be willing to  go up to $226,000.  I 
would at least get what I paid for it, and he  would get a house.  
Unfortunately in the meantine he had changed his mind  and decided he wasn't sure if 
he wanted a house or a condo.  So he backed  out.  The second highest bid 
was something like $212,000 and I just  couldn't go there.
 
I was very despondent, but as a result of the  previous weeks' advertising 
'blitz', more phone calls started coming in the  week after, from people who 
had heard about the sale from word of mouth, or  people who saw the flyer 
because they had checked their mail after the  weekend.  I called each back 
and explained that I had received a highest  bidder, but that the highest 
bidder backed out and the house was still for  sale.  I told them I wanted at 
least $226,00 for the house.  I  emailed whatever info they wanted and 
answered all their  questions.
 
Out of all that post-5-Day Sale melee, emerged  the "Real Buyer" - a young 
couple with children who loved the house and  decided to buy it.  I sat down 
with them and we mutually agreed on  $233,000.  This not only covers what I 
paid but will also cover lawyers  fees plus the mortgage discharge fee my 
mortgage co. will charge me for  breaking the term early.  Again I will not 
be making any money on this  transaction, but my first purpose was to sell 
the house, as I am undergoing a  career change and needed to move quickly.  
This is what attracted me  about the 5-Day Sale method, because it was fast.  
It would have been  nice to have gotten a bit more, but if you want to go by 
looking at 'Comp's'  in my area, I would have only been able to get perhaps 
a couple of  thousand more, that's it.  I was never under any illusions in 
this market  that I would be making a huge profit on my house, although I 
hoped for  the best, but I did at very least not want to lose money on it.
 
...and mission accomplished!
 
Tammy
Barrie, Ontario
Canada
 
 
 

----- Original Message ----- 
From:  _Leslie  Michaels_ (mailto:artchr61 at yahoo.com)  
To: _How To Sell  Your Home in 5-Days_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com)  
Sent: Thursday, August 06, 2009 1:39  AM
Subject: Re: [5-DayForum] FEAR



Yes Bill, you are confusing me with someone else. I did not modify your  
methods, in fact I followed your book to the letter! My home is in an area  
where the market is moving; not like it did in the past, but homes are  
selling. I didn't pay too much for my house, nor are the upgrades that I've  put 
in over the past year outpricing my home.  All we are saying is  that, in 
this current real estate market, your methods aren't working.   You said 
yourself that if something consistently fails you would tell  everyone not to use 
it. Well, we are here to tell you that your method is  consistently failing, 
and that Craigslist isn't working either.  I am  not looking for revenge, 
nor am I angry, I am just voicing my opinion, which  is what a forum is all 
about.
BTW, Bill, I was absolutely tongue-in-cheek about having you come out  
here! You really didn't take me seriously did you?
 
Leslie



 
____________________________________
 From: Bill Effros  <bill at effros.com>
To:  How To Sell Your Home in 5-Days  
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, August 5, 2009  11:38:40 PM
Subject: Re:  [5-DayForum] FEAR

Janet,

You know I can't legally  do that.  Maybe Leslie doesn't.

In fact, I have never taken  money for helping people sell their homes, I 
make no money from maintaining  this Forum, I take no advertising, I give no 
endorsements, and while I have  probably earned a quarter of million dollars 
from the sale of the book, that  is over a 22 year period, and it is hardly 
enough to sustain a family of  4.

I recommend a method I stumbled across when I was in  trouble.  I honestly 
believe it is the best way for anyone to sell a  home.  Friends and family 
ask for my help whenever they have homes to  sell.  I have corresponded with 
literally thousands of people who have  successfully used the method.  When 
someone tries something that works,  I try it, too.  I am constantly 
modifying the Method as I learn to  implement it better.  If something consistently 
fails, I tell everyone  I know to not use a technique that has a lower 
success rate.

I am  sorry if you and Leslie paid too much for the homes you are trying to 
sell,  however you both seem intent on killing the messenger to get 
revenge.   That is really not helpful to FSBOs.

We are all living through  difficult times.  The 5-Day Method does not 
change the market.  I  answer a lot of questions, but it seems to me I told you 
from the outset  that the modification you decided upon would not work--or 
do I have you  confused with someone else?

Craigslist costs FSBOs nothing.  If  they follow the central concepts in my 
book, and use only Craigslist, they  can know in 3 days whether they can 
sell their homes for anything close to  what they are hoping for--and if they 
can't, they should cancel the sale  right then and there!  

You can't fool the market!

Bill  Effros
Author

_Janetislight at aol.com_ (mailto:Janetislight at aol.com)  wrote:  
Leslie,
 
Let me know if he takes you up on it.  LOL
 
Janet
 
 
In a message dated 8/5/2009 3:47:02 P.M. Central Daylight Time, 
_artchr61 at yahoo.com_ (mailto:artchr61 at yahoo.com)  writes:

 
Dear Bill,
I second the motion, and I will tell anyone thinking of doing a 5  day sale 
to think twice about buying your new book. Craigslist is  obviously not the 
holy grail of advertising you're making it out to be.  For example, when 
someone is searching for real estate on Craigslist,  they put in a town AND a 
price range. If you list your home for  24,500 no one will see it because no 
one will be searching at that price  point.
By the way, Bill, since you've been running successful 5 day sales  for the 
past 20 years, I would be more than happy to pay you a  commission to come 
to my home and help me out!  Just let me know  when to expect you!!
 
Leslie
  
____________________________________
 
From: _"Janetislight at aol.com"_ (mailto:Janetislight at aol.com)  
_<Janetislight at aol.com>_ (mailto:Janetislight at aol.com) 
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Sent: Wednesday, August 5, 2009  3:02:06 PM
Subject: Re:  [5-DayForum] FEAR



 

This was my experience Exactly!  I did sell a home on  Craigslist before, 
but it was at market price.  I'm sure those that  saw my price on this last 
property just thought it was bull and moved on  because no way would even a 
foreclosure sell for that amount in the  neighborhood that my house was in.  
If this next book is going to  be about Craigslist only..... I'm not buying 
it.
 
Janet
 
 
In a message dated 8/5/2009 11:27:00 A.M. Central Daylight Time, 
_artchr61 at yahoo.com_ (mailto:artchr61 at yahoo.com)  writes:

 
I'm not quite sure what to make of all this right now. I know  in my 
neighborhood homes are selling and have sold in the  400,000-550,000 range. Some 
homes in my town are selling currently for  quite a bit more, so this is not 
one of the depressed areas.  (I  am in the north suburbs of Chicago) 
I tried the 5 day sale and listed my house in 3 major papers,  Craigslist, 
and Kijiji. The newspapers are not only in print, but  online versions as 
well. I followed Bill's layout exactly.  I  have been told by 2 realtors that 
my home is worth about 500,000  in today's market; it would have been closer 
to 600,000 a few years  ago. I listed my house for 249,500 (magic number!) 
but got no  repsonses from any internet advertising, only from the 
newspapers. I  got 8 calls from people, told them about my house and then emailed to  
them further information if they wanted more.  I ended up  changing my 5 
day sale to a traditional open house and informed the 8  people that contacted 
me about the change. Only 1 of those people  showed up a my open house. 
>From signs I put out on the street I  got an additional 6 families.
>From what I've read here on the forum, NO ONE is getting  responses from 
Craigslist. Craigslist is not for people looking to  spend a large amount of 
money. Craigslist is for people looking for  deals on stuff, not real estate 
(not to mention all the scams on  Craigslist) I have only had luck on 
Craigslist when I am selling stuff  at a bargain price or giving things away to 
clean out my garage.  That's it.
Bill, if you think that Craigslist is the answer, you're on the  wrong 
track. I don't think anyone here at the forum has had ANY  success with 
Craigslist. And I think that putting a ridiculously low  price on the house would 
just make people suspicious about scams and  run down foreclosures, especially 
on Craigslist.
 
Leslie


 
____________________________________
 From: Bill Effros _<bill at effros.com>_ (mailto:bill at effros.com) 
To: How To Sell Your Home in  5-Days 
_<5-dayforum at mailman.howtosellyourhomein5days.com>_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Sent: Wednesday, August 5, 2009  7:53:21 AM
Subject:  Re: [5-DayForum] FEAR

Gary,

What is the rest of  this story?

What do you think these properties are currently  worth?

Let's start with property 2.

You had a complete  failure with property 1 but you decided to try property 
2  anyhow.

You imply it is worth at least $300,000, which would  mean your starting 
price was $149,500.  22 people showed up, you  got 11 bids, and the highest 
one was $75,000.

I've been running  5 Day Sales for more than 20 years, and I've never heard 
of a single  instance where people followed the method and the best price 
they were  offered was 50% of a starting price that was 50% of current market 
 value.

By the way, what did you pay for the property, and when  did you buy it?

This Forum seems to have attracted a lot of  speculators who paid more for 
properties than they are worth, and now  want to blame the market for their 
miscalculations.

The  successful speculators are making a fortune using the 5-Day Method,  
and many use it exclusively.  I hear from them constantly--many  are selling 
multiple properties every single weekend.  They know  what to pay, and they 
immediately turn around and sell.  If you  look back in the archives, some 
of them pop up once or twice, but  basically they have neither time nor 
interest in explaining what they  are doing.  If you paid too much for the 
properties you are  trying to sell, neither the  5-Day Method nor anything else is 
 going to bail you out.

Bill  Effros
Author



Gary Noel wrote:  
 
Bill, have you run a 5 day sale in the last month?  I  have!  A townhouse 
where nothing sold in the complex for less  than $150,000 in the last 3 
months, 6 months or year.  That  includes the bank (trashed) REO's that sold in 
the complex.   There are two properties that were listed on the MLS for  
$189,000 that are currently under contract.  We did the 5 day  and the highest 
bid we received was $94,000.  The property is  in great condition but yet the 
highest bid was $94,000.  By the  way the trashed REO that sold less than 2 
months ago sold for  $150,000.  I don't remember how many window were 
broken nor the  number of holes in the wall, etc.
 
And property number 2 we did a 5 day this last weekend.   No model like 
this sold for under $300,000 and the last one that  sold was for $469,000 in 
this area.  The highest bid we  received was $75,000.  We had a lot more than 
the 25 minimum  calls, 22 people show up, 11 people put bid amounts and a 
high bid  of $75,000 Sunday night.
 
Let me know how your 5 day goes.


 
____________________________________
 From: Bill Barks _<barks4444 at comcast.net>_ (mailto:barks4444 at comcast.net) 
To: How To Sell Your Home in  5-Days 
_<5-dayforum at mailman.howtosellyourhomein5days.com>_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Sent: Tuesday, August 4, 2009  3:04:01 PM
Subject:  Re: [5-DayForum] FEAR

I disagree that the process is  not working.  I think it is working.  The 
discrepancy  in the price delivered through the 5-day sale and the price  
expected by the seller is that  there aren't buyers out  there willing to 
pay 
what the seller thinks it is worth.   therefore the seller is wrong in 
their 
estimation.  In any  market the house is only worth what someone is willing 
to pay  for it.  So in fact the process is working .  it is  identifying 
what 
the house is worth in your market at the time  the sale is run.  Likely the 
number is what it sold for  10-12 years ago before the unjustified run-up 
in 
housing prices.  -the bubble.

Some experts say the sub-prime mess is nothing  compared to the "prime mess 
we are about to see.

I am  having first hand experience with this - a 1.2 million dollar  
purchase 
in Nov '06 of 300' of western-facing waterfront - with  a 2900'sq ft well 
constructed fully remodeled ranch house and  650' sq ft guest house. in a 
rural area of the Puget  Sound  region of Western Washington state,. 
Currently there are 32  homes on the market in my price range with only 2 
sales since  March.    Other than a 5-day sale, which I plan to run  next 
week,  it is very difficult to ascertain the value of  a property.  I ran 
some hypothetical "bargain" # s by a  realtor in the area for 27 years --I 
asked " what about $  850,000 ?- would that get buyers excited ?- his reply 
was "join  the club, there are homes currently listed at 1/2 of what they  
were listed 1 year ago--and no interest.  the buyers just  aren't there".

That is the real FEAR issue- buyers a afraid  to buy what may likely turn 
out 
to be a depreciating liability ,  rather than an asset.  And what bank 
would 
want to loan in  that situation?

So run the 5-day sale --to the book...and  there will be your answer as to 
what your house is worth....and  then make your plan accordingly --rather 
than on what you "wish"  your home would sell for.




----- Original Message  ----- 
From: "Steven Herbert" <_sterbert at yahoo.com_ (mailto:sterbert at yahoo.com) >
To:  "How To Sell Your Home in 5-Days" 
<_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
Sent:  Tuesday, August 04, 2009 12:06 PM
Subject: Re: [5-DayForum]  FEAR


I'm a little irritated. The BOOK claims that you can  get the best possible 
price by using Bill's method--that hasn't  been the case on this forum, for 
a 
long while). So SUCCESSES are  being defined as any sell for any price ("at 
least you got an  offer" kind of success).

Knowing the best advertising in your  area is a complicated process. 
Advertising rules have changed in  Tacoma--Seattle area (1 newspaper just 
retired itself) and few  hits came from Craigslist. No system is perfect so 
I 
don't  believe as religious truth that "3 real buyers" will show up if you  
price the house at 50% ... b/c folks actually believe that 50%  is a 
possiblity.

Just my thoughts and opinions. I'm here  on the forum listening for info 
but 
I listed w/flat-fee MLS just  recently.

Steven


--- On Tue, 8/4/09, Gary Noel  <_gnoel88 at yahoo.com_ 
(mailto:gnoel88 at yahoo.com) >  wrote:

> From: Gary Noel <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >
>  Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in  5-Days" 
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Date: Tuesday, August 4, 2009, 1:53 PM
> Hi
>  Rosemarie,
>
> You mentioned something about having two  successful
> auctions. Can you share with us what you did to  have
> such a wonderful experience? I've personally  tried
> two so far and advertised in many ways Bills'
>  doesn't mention. For example, passing out flyers
> and putting  up signs on street corners. In tracking
> the calls very few  came from the newspaper and internet
> while most all came  from the flyers and signs. Even
> though I had 22 people come  to the auction with 11 initial
> biders, the top bid was about  one third of the current
> value. So my question to anyone who  can help is: what
> can be done to get the bid up to a little  closer to market
> value? Nothing in the area has sold for  less than four
> times the highest bid we received on this  model.
>
>
>
>
>
> From:
>  rosemarie-fred <_rosemarie-fred at mindspring.com_ 
(mailto:rosemarie-fred at mindspring.com) >
>  To: How To
> Sell Your Home in 5-Days
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Sent:
> Tuesday, August 4, 2009 7:01:56 AM
> Subject:  Re:
> [5-DayForum] FEAR
>
>
> #yiv206810613  DIV {
> MARGIN:0px;}
>
>
> Leslie -
>  There are lots of success
> stories. You haven't been on this  forum very long, or
> you would know that Bill does read it  and weighs in when he
> thinks it's worth it. Since this forum  is about his
> methods, I think we should be a little more  polite about it,
> at least!
> I have had two  successful
> sales, and am planning another. If you read the  archives you
> will find plenty of them.
> There are  factors that
> affect how things work that have nothing to do  with the
> book, but Bill always says that if you run the  sale
> according to his methods you will find out the value of  the
> house to the marketplace at that time. The 5-day sale  is
> usually ahead of the rest of the market.
> Bill is  now working on the
> fourth edition, which may be why we are  not hearing from him
> as much as usual. I know we are all  interested to know what
> he will change. I know there will be  more emphasis on
> internet advertising.
> Let us know  if you are
> successful with the realtor.
>  Rosemarie
>
> ----- Original Message  -----
>
> From: Leslie Michaels
>
> To:  How
> To Sell Your Home in 5-Days
> Sent: Monday,  August
> 03, 2009 11:39 PM
> Subject: Re:
>  [5-DayForum] FEAR
>
>
>
> I would have to  say that the book is very out dated
> for this real estate  economy. I have yet to hear of any real
> positive feedback in  favor of the book and the methods it
> promotes. I think the  forum is a great way to find out what
> really works, not what  Bill Effros wrote...(maybe he should
> be reading this forum  as well!) I followed the
> book with regards to newspaper ads  and some signs but it was
> very disappointing. I spent nearly  600.00 in advertising
> with nothing to show. Flyers probably  wouldn't work in
> my area since most people around here just  throw them away.
> I live in an upper middle class town near  Chicago and
> I've tried the flat fee MLS with some showings  and no
> offers, Bill's book with no success at all, and  now
> I'm going with a full service realtor at the end  of
> the month. Homes in my area are selling with full
>  service realtors, so I'm going that route and hopefully
> I  can sell my house by the end of the year. I
>  personally  won't waste any more time or money with
> Bill's plan, but if  anyone out there has a good success
> story, I'd love to hear  it!!
>
> Leslie
>
>
>
>
>  From: Gary
> Noel <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >
>  To: How To
> Sell Your Home in 5-Days
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Sent: Monday,
> August 3, 2009 10:25:42 PM
> Subject:  Re:
> [5-DayForum] FEAR
>
>
>
>  Actually I'm not sure when would be the best time
> to have  the auction. But I will add this. The
> flyers and signs were  by far the biggest draw.
> We'll figure out what works and  what doesn't.
> It may be just doing something completely  different that the
> book does have in  it.
>
>
>
>
>
> From:
>  Stephanie Glazar <_sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) >
>  To: How To
> Sell Your Home in 5-Days
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Sent: Monday,
> August 3, 2009 6:57:58 PM
> Subject:  Re:
> [5-DayForum]  FEAR
>
>
>
>
>
>
> Thanks  for your story Gary!
> After sending the email, I've had some  time to
> think. The truly scary thing would be to be stuck  with
> the property for another winter with the 200 dollar  monthly
> heating bill and the 600 dollar mortgage and the  garbage
> bill, taxes, etc.! I'm here at a Panera's
>  reading the book from cover to cover. I had just read
> enough  to be interested. My realtor showed my home to
> only 3 people  in a year.....actually, it was one until I
> complained and in  June 2 more people were shown my
> home. I got out of my  contract and the
> home's got to go. I like your idea  about
> flyers in the neighborhood. I'm going to do  that!
>
>
> I was aiming for the end of August. Do  you
> suppose that's a better date than the first week  of
> September?
>  Stephanie
>
>
>
>
>
>
>  Stephanie S.
> Glazar
> 412-443-5670
>  (cell)
> _sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) 
>
>  --- On Mon, 8/3/09, Gary Noel
> <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >  wrote:
>
>
> From: Gary Noel <_gnoel88 at yahoo.com_ (mailto:gnoel88 at yahoo.com) >
>  Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in  5-Days"
> <_5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) >
>  Date: Monday, August 3, 2009, 6:06  PM
>
>
>
>
>
>
> Hi  Stephanie,
>
> We did 2 round robin auctions, one this  last week end
> and th other two week ends ago. The  first
> one was a townhouse in great condition. Nothing in  the
> complex has sold under $150,000. Our highest offer  was
> $94,000. The other property needed work but when  fixed
> up would be worth in the $300's. I don't even
>  want to tell you what the highest offer was.
>
> We  passed out 1500 flyers door to door, put an ad in
> the paper,  put signs on just about every street corner for
> blocks  around the property, had a large orange sign in front
> of the  property, rented a wind dancer to draw attention, had
> about  8 other signs in front of the property, had the strip
> of  flags streched out. Yah, it was a little
> disappointing. But  we will probably try it again on
> another property and try a  few things differently to see if
> we can get better results.  I believe this method
> should work. I just don't know what  the missing
> link is yet.
>
>
>  Gary
>
>
>
>
>
> From:
>  Stephanie Glazar <_sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) >
>  To:
> _5-dayforum at howtosellyourhomein5days.com_ 
(mailto:5-dayforum at howtosellyourhomein5days.com) 
>  Sent: Sunday,
> August 2, 2009 11:19:20 PM
>  Subject:
> [5-DayForum]  FEAR
>
>
>
>
>
>
> 5-day  forum,
> I am frightened that we will sell our house for  much
> much less than what it is worth because of the  market.
> My realtor only showed my home to 3 people in a  year.
> I fought to have my contract voided because of that  and
> won. Last year, August 2008, I had hopes of selling  my
> home for $55,000. According to the book, I should  set
> the price at one-half that, at $27,000 and then drop  down to
> the magic 500 number, so my ad should read $26,500.  I
> am very worried that this would be what my house would  sell
> at. I need $23,300.00 to pay off the home equity  loan
> attached to the home.
>
> The book I bought  was copyrighted, 2007. Does
> this method hold true for this  terrible real estate market
> in 2009? I would appreciate any  positive comment.
>
>  Stephanie
>
>
>
>
>
> Stephanie  S.
> Glazar
> 412-443-5670
>  (cell)
>
>
> _sglazar at yahoo.com_ (mailto:sglazar at yahoo.com) 
>
>
>  -----Inline Attachment Follows-----
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>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
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From bill at effros.com  Thu Aug  6 16:27:56 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 06 Aug 2009 16:27:56 -0400
Subject: [5-DayForum] 5-Day Canadian sale - the story ends...
In-Reply-To: <BLU0-SMTP19586601E9EDF8A90E3E6CC80A0@phx.gbl>
References: <d22.49c3494a.37ab4a35@aol.com>
	<4A7A5E50.8010701@effros.com>	<318953.87614.qm@web80608.mail.mud.yahoo.com>
	<BLU0-SMTP19586601E9EDF8A90E3E6CC80A0@phx.gbl>
Message-ID: <4A7B3CCC.3090007@effros.com>

Tammy,

Thanks for catching us up.

I'm working on how to best explain the post-round-robin adjustments.  
Your experience is not uncommon.  The point I am trying to make is that 
if you short-circuit the process you give away all the hard work of 
locating real buyers.  If you follow through, you can work things out.

Using the 5-Day Method, and running your sale properly, you will locate 
the 3 best buyers for your property at this time.  Many times people who 
stopped bidding regret having done so, and are only too happy to step in 
if the high bidder, or your bank, refuses to go through with the deal.

Congratulations on working this out!

Bill Effros
Author



Tammy wrote:
> Hey all,
>  
> Just thought I'd update everyone on my sale.
>  
> As most of you know, I held a 5-Day sale a couple of weekends ago.  As 
> most of you also know, I was freaking out on the last night because 
> the bids weren't very high.  People kept asking me if I had a 'reserve 
> bid' (a minimum figure in my mind below which I would not sell) and 
> also asking me, "what if you don't get a very high bid?"  I kept 
> answering, "Well, I am trying to stay positive.  I hope that people 
> will recognize the value of the home.  But I am a motivated seller and 
> the house WILL be sold Saturday night to the highest bidder!"  (I held 
> my Open House on Friday and Saturday). 
>  
> The highest bidder weighed in at $219,000 or something, whereas I 
> bought my house 2 1/2 years ago for $226,000.  I was so tempted to 
> change the rules because I could see myself losing money.  But I had 
> told callers what the process was so I wanted to stay true to my 
> word.  And my first purpose was to sell the house quickly, and that 
> goal was achieved.  So with great sorrow I told the highest bidder I 
> would phone him Monday and we could work the details out. 
>  
> On Monday I called him and honestly explained that I would be losing 
> money with the highest bid, and did not want to sell so low, was going 
> to list with an agent, and wondered if he would be willing to go up to 
> $226,000.  I would at least get what I paid for it, and he would get a 
> house.  Unfortunately in the meantine he had changed his mind and 
> decided he wasn't sure if he wanted a house or a condo.  So he backed 
> out.  The second highest bid was something like $212,000 and I just 
> couldn't go there.
>  
> I was very despondent, but as a result of the previous weeks' 
> advertising 'blitz', more phone calls started coming in the week 
> after, from people who had heard about the sale from word of mouth, or 
> people who saw the flyer because they had checked their mail after the 
> weekend.  I called each back and explained that I had received a 
> highest bidder, but that the highest bidder backed out and the house 
> was still for sale.  I told them I wanted at least $226,00 for the 
> house.  I emailed whatever info they wanted and answered all their 
> questions.
>  
> Out of all that post-5-Day Sale melee, emerged the "Real Buyer" - a 
> young couple with children who loved the house and decided to buy it.  
> I sat down with them and we mutually agreed on $233,000.  This not 
> only covers what I paid but will also cover lawyers fees plus the 
> mortgage discharge fee my mortgage co. will charge me for breaking the 
> term early.  Again I will not be making any money on this transaction, 
> but my first purpose was to sell the house, as I am undergoing a 
> career change and needed to move quickly.  This is what attracted me 
> about the 5-Day Sale method, because it was fast.  It would have been 
> nice to have gotten a bit more, but if you want to go by looking at 
> 'Comp's' in my area, I would have only been able to get perhaps a 
> couple of thousand more, that's it.  I was never under any illusions 
> in this market that I would be making a huge profit on my house, 
> although I hoped for the best, but I did at very least not want to 
> lose money on it.
>  
> ...and mission accomplished!
>  
> Tammy
> Barrie, Ontario
> Canada
>  
>  
>  
>
>     ----- Original Message -----
>     *From:* Leslie Michaels <mailto:artchr61 at yahoo.com>
>     *To:* How To Sell Your Home in 5-Days
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>     *Sent:* Thursday, August 06, 2009 1:39 AM
>     *Subject:* Re: [5-DayForum] FEAR
>
>     Yes Bill, you are confusing me with someone else. I did not modify
>     your methods, in fact I followed your book to the letter! My home
>     is in an area where the market is moving; not like it did in the
>     past, but homes are selling. I didn't pay too much for my house,
>     nor are the upgrades that I've put in over the past year
>     outpricing my home.  All we are saying is that, in this current
>     real estate market, your methods aren't working.  You said
>     yourself that if something consistently fails you would tell
>     everyone not to use it. Well, we are here to tell you that your
>     method is consistently failing, and that Craigslist isn't working
>     either.  I am not looking for revenge, nor am I angry, I am just
>     voicing my opinion, which is what a forum is all about.
>     BTW, Bill, I was absolutely tongue-in-cheek about having you come
>     out here! You really didn't take me seriously did you?
>      
>     Leslie
>
>      
>
>     ------------------------------------------------------------------------
>     *From:* Bill Effros <bill at effros.com>
>     *To:* How To Sell Your Home in 5-Days
>     <5-dayforum at mailman.howtosellyourhomein5days.com>
>     *Sent:* Wednesday, August 5, 2009 11:38:40 PM
>     *Subject:* Re: [5-DayForum] FEAR
>
>     Janet,
>
>     You know I can't legally do that.  Maybe Leslie doesn't.
>
>     In fact, I have never taken money for helping people sell their
>     homes, I make no money from maintaining this Forum, I take no
>     advertising, I give no endorsements, and while I have probably
>     earned a quarter of million dollars from the sale of the book,
>     that is over a 22 year period, and it is hardly enough to sustain
>     a family of 4.
>
>     I recommend a method I stumbled across when I was in trouble.  I
>     honestly believe it is the best way for anyone to sell a home. 
>     Friends and family ask for my help whenever they have homes to
>     sell.  I have corresponded with literally thousands of people who
>     have successfully used the method.  When someone tries something
>     that works, I try it, too.  I am constantly modifying the Method
>     as I learn to implement it better.  If something consistently
>     fails, I tell everyone I know to not use a technique that has a
>     lower success rate.
>
>     I am sorry if you and Leslie paid too much for the homes you are
>     trying to sell, however you both seem intent on killing the
>     messenger to get revenge.  That is really not helpful to FSBOs.
>
>     We are all living through difficult times.  The 5-Day Method does
>     not change the market.  I answer a lot of questions, but it seems
>     to me I told you from the outset that the modification you decided
>     upon would not work--or do I have you confused with someone else?
>
>     Craigslist costs FSBOs nothing.  If they follow the central
>     concepts in my book, and use only Craigslist, they can know in 3
>     days whether they can sell their homes for anything close to what
>     they are hoping for--and if they can't, they should cancel the
>     sale right then and there! 
>
>     You can't fool the market!
>
>     Bill Effros
>     Author
>
>     Janetislight at aol.com wrote:
>>     Leslie,
>>      
>>     Let me know if he takes you up on it.  LOL
>>      
>>     Janet
>>      
>>     In a message dated 8/5/2009 3:47:02 P.M. Central Daylight Time,
>>     artchr61 at yahoo.com writes:
>>
>>         Dear Bill,
>>         I second the motion, and I will tell anyone thinking of doing
>>         a 5 day sale to think twice about buying your new book.
>>         Craigslist is obviously not the holy grail of advertising
>>         you're making it out to be. For example, when someone is
>>         searching for real estate on Craigslist, they put in a
>>         town AND a price range. If you list your home for 24,500 no
>>         one will see it because no one will be searching at that
>>         price point.
>>         By the way, Bill, since you've been running successful 5 day
>>         sales for the past 20 years, I would be more than happy to
>>         pay you a commission to come to my home and help me out! 
>>         Just let me know when to expect you!!
>>          
>>         Leslie
>>         ------------------------------------------------------------------------
>>         *From:* "Janetislight at aol.com" <Janetislight at aol.com>
>>         *To:* 5-dayforum at mailman.howtosellyourhomein5days.com
>>         *Sent:* Wednesday, August 5, 2009 3:02:06 PM
>>         *Subject:* Re: [5-DayForum] FEAR
>>
>>         This was my experience Exactly!  I did sell a home on
>>         Craigslist before, but it was at market price.  I'm sure
>>         those that saw my price on this last property just thought it
>>         was bull and moved on because no way would even a foreclosure
>>         sell for that amount in the neighborhood that my house was
>>         in.  If this next book is going to be about Craigslist
>>         only..... I'm not buying it.
>>          
>>         Janet
>>          
>>         In a message dated 8/5/2009 11:27:00 A.M. Central Daylight
>>         Time, artchr61 at yahoo.com writes:
>>
>>             I'm not quite sure what to make of all this right now. I
>>             know in my neighborhood homes are selling and have sold
>>             in the 400,000-550,000 range. Some homes in my town are
>>             selling currently for quite a bit more, so this is not
>>             one of the depressed areas.  (I am in the north suburbs
>>             of Chicago)
>>             I tried the 5 day sale and listed my house in 3 major
>>             papers, Craigslist, and Kijiji. The newspapers are not
>>             only in print, but online versions as well. I followed
>>             Bill's layout exactly.  I have been told by 2 realtors
>>             that my home is worth about 500,000 in today's market; it
>>             would have been closer to 600,000 a few years ago. I
>>             listed my house for 249,500 (magic number!) but got no
>>             repsonses from any internet advertising, only from the
>>             newspapers. I got 8 calls from people, told them about my
>>             house and then emailed to them further information if
>>             they wanted more.  I ended up changing my 5 day sale to a
>>             traditional open house and informed the 8 people that
>>             contacted me about the change. Only 1 of those people
>>             showed up a my open house. >From signs I put out on the
>>             street I got an additional 6 families.
>>             From what I've read here on the forum, NO ONE is getting
>>             responses from Craigslist. Craigslist is not for people
>>             looking to spend a large amount of money. Craigslist is
>>             for people looking for deals on stuff, not real estate
>>             (not to mention all the scams on Craigslist) I have only
>>             had luck on Craigslist when I am selling stuff at a
>>             bargain price or giving things away to clean out my
>>             garage. That's it.
>>             Bill, if you think that Craigslist is the answer, you're
>>             on the wrong track. I don't think anyone here at the
>>             forum has had ANY success with Craigslist. And I think
>>             that putting a ridiculously low price on the house would
>>             just make people suspicious about scams and run down
>>             foreclosures, especially on Craigslist.
>>              
>>             Leslie
>>
>>             ------------------------------------------------------------------------
>>             *From:* Bill Effros <bill at effros.com>
>>             *To:* How To Sell Your Home in 5-Days
>>             <5-dayforum at mailman.howtosellyourhomein5days.com>
>>             *Sent:* Wednesday, August 5, 2009 7:53:21 AM
>>             *Subject:* Re: [5-DayForum] FEAR
>>
>>             Gary,
>>
>>             What is the rest of this story?
>>
>>             What do you think these properties are currently worth?
>>
>>             Let's start with property 2.
>>
>>             You had a complete failure with property 1 but you
>>             decided to try property 2 anyhow.
>>
>>             You imply it is worth at least $300,000, which would mean
>>             your starting price was $149,500.  22 people showed up,
>>             you got 11 bids, and the highest one was $75,000.
>>
>>             I've been running 5 Day Sales for more than 20 years, and
>>             I've never heard of a single instance where people
>>             followed the method and the best price they were offered
>>             was 50% of a starting price that was 50% of current
>>             market value.
>>
>>             By the way, what did you pay for the property, and when
>>             did you buy it?
>>
>>             This Forum seems to have attracted a lot of speculators
>>             who paid more for properties than they are worth, and now
>>             want to blame the market for their miscalculations.
>>
>>             The successful speculators are making a fortune using the
>>             5-Day Method, and many use it exclusively.  I hear from
>>             them constantly--many are selling multiple properties
>>             every single weekend.  They know what to pay, and they
>>             immediately turn around and sell.  If you look back in
>>             the archives, some of them pop up once or twice, but
>>             basically they have neither time nor interest in
>>             explaining what they are doing.  If you paid too much for
>>             the properties you are trying to sell, neither the  5-Day
>>             Method nor anything else is going to bail you out.
>>
>>             Bill Effros
>>             Author
>>
>>
>>
>>             Gary Noel wrote:
>>>             Bill, have you run a 5 day sale in the last month?  I
>>>             have!  A townhouse where nothing sold in the complex for
>>>             less than $150,000 in the last 3 months, 6 months or
>>>             year.  That includes the bank (trashed) REO's that sold
>>>             in the complex.  There are two properties that were
>>>             listed on the MLS for $189,000 that are currently under
>>>             contract.  We did the 5 day and the highest bid we
>>>             received was $94,000.  The property is in great
>>>             condition but yet the highest bid was $94,000.  By the
>>>             way the trashed REO that sold less than 2 months ago
>>>             sold for $150,000.  I don't remember how many window
>>>             were broken nor the number of holes in the wall, etc.
>>>              
>>>             And property number 2 we did a 5 day this last weekend. 
>>>             No model like this sold for under $300,000 and the last
>>>             one that sold was for $469,000 in this area.  The
>>>             highest bid we received was $75,000.  We had a lot more
>>>             than the 25 minimum calls, 22 people show up, 11 people
>>>             put bid amounts and a high bid of $75,000 Sunday night.
>>>              
>>>             Let me know how your 5 day goes.
>>>
>>>             ------------------------------------------------------------------------
>>>             *From:* Bill Barks <barks4444 at comcast.net>
>>>             *To:* How To Sell Your Home in 5-Days
>>>             <5-dayforum at mailman.howtosellyourhomein5days.com>
>>>             *Sent:* Tuesday, August 4, 2009 3:04:01 PM
>>>             *Subject:* Re: [5-DayForum] FEAR
>>>
>>>             I disagree that the process is not working.  I think it
>>>             is working.  The
>>>             discrepancy in the price delivered through the 5-day
>>>             sale and the price
>>>             expected by the seller is that  there aren't buyers out
>>>             there willing to pay
>>>             what the seller thinks it is worth.  therefore the
>>>             seller is wrong in their
>>>             estimation.  In any market the house is only worth what
>>>             someone is willing
>>>             to pay for it.  So in fact the process is working .  it
>>>             is identifying what
>>>             the house is worth in your market at the time the sale
>>>             is run.  Likely the
>>>             number is what it sold for 10-12 years ago before the
>>>             unjustified run-up in
>>>             housing prices. -the bubble.
>>>
>>>             Some experts say the sub-prime mess is nothing compared
>>>             to the "prime mess
>>>             we are about to see.
>>>
>>>             I am having first hand experience with this - a 1.2
>>>             million dollar purchase
>>>             in Nov '06 of 300' of western-facing waterfront - with a
>>>             2900'sq ft well
>>>             constructed fully remodeled ranch house and 650' sq ft
>>>             guest house. in a
>>>             rural area of the Puget  Sound region of Western
>>>             Washington state,.
>>>             Currently there are 32 homes on the market in my price
>>>             range with only 2
>>>             sales since March.    Other than a 5-day sale, which I
>>>             plan to run next
>>>             week,  it is very difficult to ascertain the value of a
>>>             property.  I ran
>>>             some hypothetical "bargain" # s by a realtor in the area
>>>             for 27 years --I
>>>             asked " what about $ 850,000 ?- would that get buyers
>>>             excited ?- his reply
>>>             was "join the club, there are homes currently listed at
>>>             1/2 of what they
>>>             were listed 1 year ago--and no interest.  the buyers
>>>             just aren't there".
>>>
>>>             That is the real FEAR issue- buyers a afraid to buy what
>>>             may likely turn out
>>>             to be a depreciating liability , rather than an asset. 
>>>             And what bank would
>>>             want to loan in that situation?
>>>
>>>             So run the 5-day sale --to the book...and there will be
>>>             your answer as to
>>>             what your house is worth....and then make your plan
>>>             accordingly --rather
>>>             than on what you "wish" your home would sell for.
>>>
>>>
>>>
>>>
>>>             ----- Original Message -----
>>>             From: "Steven Herbert" <sterbert at yahoo.com
>>>             <mailto:sterbert at yahoo.com>>
>>>             To: "How To Sell Your Home in 5-Days"
>>>             <5-dayforum at mailman.howtosellyourhomein5days.com
>>>             <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>>>             Sent: Tuesday, August 04, 2009 12:06 PM
>>>             Subject: Re: [5-DayForum] FEAR
>>>
>>>
>>>             I'm a little irritated. The BOOK claims that you can get
>>>             the best possible
>>>             price by using Bill's method--that hasn't been the case
>>>             on this forum, for a
>>>             long while). So SUCCESSES are being defined as any sell
>>>             for any price ("at
>>>             least you got an offer" kind of success).
>>>
>>>             Knowing the best advertising in your area is a
>>>             complicated process.
>>>             Advertising rules have changed in Tacoma--Seattle area
>>>             (1 newspaper just
>>>             retired itself) and few hits came from Craigslist. No
>>>             system is perfect so I
>>>             don't believe as religious truth that "3 real buyers"
>>>             will show up if you
>>>             price the house at 50% ... b/c folks actually believe
>>>             that 50% is a
>>>             possiblity.
>>>
>>>             Just my thoughts and opinions. I'm here on the forum
>>>             listening for info but
>>>             I listed w/flat-fee MLS just recently.
>>>
>>>             Steven
>>>
>>>
>>>             --- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com
>>>             <mailto:gnoel88 at yahoo.com>> wrote:
>>>
>>>             > From: Gary Noel <gnoel88 at yahoo.com
>>>             <mailto:gnoel88 at yahoo.com>>
>>>             > Subject: Re: [5-DayForum] FEAR
>>>             > To: "How To Sell Your Home in 5-Days"
>>>             > <5-dayforum at mailman.howtosellyourhomein5days.com
>>>             <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>>>             > Date: Tuesday, August 4, 2009, 1:53 PM
>>>             > Hi
>>>             > Rosemarie,
>>>             >
>>>             > You mentioned something about having two successful
>>>             > auctions. Can you share with us what you did to have
>>>             > such a wonderful experience? I've personally tried
>>>             > two so far and advertised in many ways Bills'
>>>             > doesn't mention. For example, passing out flyers
>>>             > and putting up signs on street corners. In tracking
>>>             > the calls very few came from the newspaper and internet
>>>             > while most all came from the flyers and signs. Even
>>>             > though I had 22 people come to the auction with 11 initial
>>>             > biders, the top bid was about one third of the current
>>>             > value. So my question to anyone who can help is: what
>>>             > can be done to get the bid up to a little closer to market
>>>             > value? Nothing in the area has sold for less than four
>>>             > times the highest bid we received on this model.
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             > From:
>>>             > rosemarie-fred <rosemarie-fred at mindspring.com
>>>             <mailto:rosemarie-fred at mindspring.com>>
>>>             > To: How To
>>>             > Sell Your Home in 5-Days
>>>             > <5-dayforum at mailman.howtosellyourhomein5days.com
>>>             <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>>>             > Sent:
>>>             > Tuesday, August 4, 2009 7:01:56 AM
>>>             > Subject: Re:
>>>             > [5-DayForum] FEAR
>>>             >
>>>             >
>>>             > #yiv206810613 DIV {
>>>             > MARGIN:0px;}
>>>             >
>>>             >
>>>             > Leslie -
>>>             > There are lots of success
>>>             > stories. You haven't been on this forum very long, or
>>>             > you would know that Bill does read it and weighs in
>>>             when he
>>>             > thinks it's worth it. Since this forum is about his
>>>             > methods, I think we should be a little more polite
>>>             about it,
>>>             > at least!
>>>             > I have had two successful
>>>             > sales, and am planning another. If you read the
>>>             archives you
>>>             > will find plenty of them.
>>>             > There are factors that
>>>             > affect how things work that have nothing to do with the
>>>             > book, but Bill always says that if you run the sale
>>>             > according to his methods you will find out the value
>>>             of the
>>>             > house to the marketplace at that time. The 5-day sale is
>>>             > usually ahead of the rest of the market.
>>>             > Bill is now working on the
>>>             > fourth edition, which may be why we are not hearing
>>>             from him
>>>             > as much as usual. I know we are all interested to know
>>>             what
>>>             > he will change. I know there will be more emphasis on
>>>             > internet advertising.
>>>             > Let us know if you are
>>>             > successful with the realtor.
>>>             > Rosemarie
>>>             >
>>>             > ----- Original Message -----
>>>             >
>>>             > From: Leslie Michaels
>>>             >
>>>             > To: How
>>>             > To Sell Your Home in 5-Days
>>>             > Sent: Monday, August
>>>             > 03, 2009 11:39 PM
>>>             > Subject: Re:
>>>             > [5-DayForum] FEAR
>>>             >
>>>             >
>>>             >
>>>             > I would have to say that the book is very out dated
>>>             > for this real estate economy. I have yet to hear of
>>>             any real
>>>             > positive feedback in favor of the book and the methods it
>>>             > promotes. I think the forum is a great way to find out
>>>             what
>>>             > really works, not what Bill Effros wrote...(maybe he
>>>             should
>>>             > be reading this forum as well!) I followed the
>>>             > book with regards to newspaper ads and some signs but
>>>             it was
>>>             > very disappointing. I spent nearly 600.00 in advertising
>>>             > with nothing to show. Flyers probably wouldn't work in
>>>             > my area since most people around here just throw them
>>>             away.
>>>             > I live in an upper middle class town near Chicago and
>>>             > I've tried the flat fee MLS with some showings and no
>>>             > offers, Bill's book with no success at all, and now
>>>             > I'm going with a full service realtor at the end of
>>>             > the month. Homes in my area are selling with full
>>>             > service realtors, so I'm going that route and hopefully
>>>             > I can sell my house by the end of the year. I
>>>             >  personally won't waste any more time or money with
>>>             > Bill's plan, but if anyone out there has a good success
>>>             > story, I'd love to hear it!!
>>>             >
>>>             > Leslie
>>>             >
>>>             >
>>>             >
>>>             >
>>>             > From: Gary
>>>             > Noel <gnoel88 at yahoo.com <mailto:gnoel88 at yahoo.com>>
>>>             > To: How To
>>>             > Sell Your Home in 5-Days
>>>             > <5-dayforum at mailman.howtosellyourhomein5days.com
>>>             <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>>>             > Sent: Monday,
>>>             > August 3, 2009 10:25:42 PM
>>>             > Subject: Re:
>>>             > [5-DayForum] FEAR
>>>             >
>>>             >
>>>             >
>>>             > Actually I'm not sure when would be the best time
>>>             > to have the auction. But I will add this. The
>>>             > flyers and signs were by far the biggest draw.
>>>             > We'll figure out what works and what doesn't.
>>>             > It may be just doing something completely different
>>>             that the
>>>             > book does have in it.
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             > From:
>>>             > Stephanie Glazar <sglazar at yahoo.com
>>>             <mailto:sglazar at yahoo.com>>
>>>             > To: How To
>>>             > Sell Your Home in 5-Days
>>>             > <5-dayforum at mailman.howtosellyourhomein5days.com
>>>             <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>>>             > Sent: Monday,
>>>             > August 3, 2009 6:57:58 PM
>>>             > Subject: Re:
>>>             > [5-DayForum] FEAR
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             > Thanks for your story Gary!
>>>             > After sending the email, I've had some time to
>>>             > think. The truly scary thing would be to be stuck with
>>>             > the property for another winter with the 200 dollar
>>>             monthly
>>>             > heating bill and the 600 dollar mortgage and the garbage
>>>             > bill, taxes, etc.! I'm here at a Panera's
>>>             > reading the book from cover to cover. I had just read
>>>             > enough to be interested. My realtor showed my home to
>>>             > only 3 people in a year.....actually, it was one until I
>>>             > complained and in June 2 more people were shown my
>>>             > home. I got out of my contract and the
>>>             > home's got to go. I like your idea about
>>>             > flyers in the neighborhood. I'm going to do that!
>>>             >
>>>             >
>>>             > I was aiming for the end of August. Do you
>>>             > suppose that's a better date than the first week of
>>>             > September?
>>>             > Stephanie
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             > Stephanie S.
>>>             > Glazar
>>>             > 412-443-5670
>>>             > (cell)
>>>             > sglazar at yahoo.com <mailto:sglazar at yahoo.com>
>>>             >
>>>             > --- On Mon, 8/3/09, Gary Noel
>>>             > <gnoel88 at yahoo.com <mailto:gnoel88 at yahoo.com>> wrote:
>>>             >
>>>             >
>>>             > From: Gary Noel <gnoel88 at yahoo.com
>>>             <mailto:gnoel88 at yahoo.com>>
>>>             > Subject: Re: [5-DayForum] FEAR
>>>             > To: "How To Sell Your Home in 5-Days"
>>>             > <5-dayforum at mailman.howtosellyourhomein5days.com
>>>             <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>>>             > Date: Monday, August 3, 2009, 6:06 PM
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             > Hi Stephanie,
>>>             >
>>>             > We did 2 round robin auctions, one this last week end
>>>             > and th other two week ends ago. The first
>>>             > one was a townhouse in great condition. Nothing in the
>>>             > complex has sold under $150,000. Our highest offer was
>>>             > $94,000. The other property needed work but when fixed
>>>             > up would be worth in the $300's. I don't even
>>>             > want to tell you what the highest offer was.
>>>             >
>>>             > We passed out 1500 flyers door to door, put an ad in
>>>             > the paper, put signs on just about every street corner for
>>>             > blocks around the property, had a large orange sign in
>>>             front
>>>             > of the property, rented a wind dancer to draw
>>>             attention, had
>>>             > about 8 other signs in front of the property, had the
>>>             strip
>>>             > of flags streched out. Yah, it was a little
>>>             > disappointing. But we will probably try it again on
>>>             > another property and try a few things differently to
>>>             see if
>>>             > we can get better results. I believe this method
>>>             > should work. I just don't know what the missing
>>>             > link is yet.
>>>             >
>>>             >
>>>             > Gary
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             > From:
>>>             > Stephanie Glazar <sglazar at yahoo.com
>>>             <mailto:sglazar at yahoo.com>>
>>>             > To:
>>>             > 5-dayforum at howtosellyourhomein5days.com
>>>             <mailto:5-dayforum at howtosellyourhomein5days.com>
>>>             > Sent: Sunday,
>>>             > August 2, 2009 11:19:20 PM
>>>             > Subject:
>>>             > [5-DayForum] FEAR
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             > 5-day forum,
>>>             > I am frightened that we will sell our house for much
>>>             > much less than what it is worth because of the market.
>>>             > My realtor only showed my home to 3 people in a year.
>>>             > I fought to have my contract voided because of that and
>>>             > won. Last year, August 2008, I had hopes of selling my
>>>             > home for $55,000. According to the book, I should set
>>>             > the price at one-half that, at $27,000 and then drop
>>>             down to
>>>             > the magic 500 number, so my ad should read $26,500. I
>>>             > am very worried that this would be what my house would
>>>             sell
>>>             > at. I need $23,300.00 to pay off the home equity loan
>>>             > attached to the home.
>>>             >
>>>             > The book I bought was copyrighted, 2007. Does
>>>             > this method hold true for this terrible real estate market
>>>             > in 2009? I would appreciate any positive comment.
>>>             >
>>>             > Stephanie
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             > Stephanie S.
>>>             > Glazar
>>>             > 412-443-5670
>>>             > (cell)
>>>             >
>>>             >
>>>             > sglazar at yahoo.com <mailto:sglazar at yahoo.com>
>>>             >
>>>             >
>>>             > -----Inline Attachment Follows-----
>>>             >
>>>             >
>>>             > _______________________________________________
>>>             > 5-DayForum mailing list
>>>             > 5-DayForum at mailman.howtosellyourhomein5days.com
>>>             <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>>>             >
>>>             http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             > _______________________________________________
>>>             > 5-DayForum mailing list
>>>             > 5-DayForum at mailman.howtosellyourhomein5days.com
>>>             <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>>>             >
>>>             http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             >
>>>             > -----Inline Attachment Follows-----
>>>             >
>>>             > _______________________________________________
>>>             > 5-DayForum mailing list
>>>             > 5-DayForum at mailman.howtosellyourhomein5days.com
>>>             <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>>>             >
>>>             http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>             >
>>>
>>>
>>>
>>>
>>>             _______________________________________________
>>>             5-DayForum mailing list
>>>             5-DayForum at mailman.howtosellyourhomein5days.com
>>>             <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>>>             http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>
>>>
>>>             _______________________________________________
>>>             5-DayForum mailing list
>>>             5-DayForum at mailman.howtosellyourhomein5days.com
>>>             <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>>>             http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>
>>>             ------------------------------------------------------------------------
>>>
>>>             _______________________________________________
>>>             5-DayForum mailing list
>>>             5-DayForum at mailman.howtosellyourhomein5days.com
>>>             http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>               
>>
>>
>>             _______________________________________________
>>             5-DayForum mailing list
>>             5-DayForum at mailman.howtosellyourhomein5days.com
>>             http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>>
>>         ------------------------------------------------------------------------
>>
>>
>>         _______________________________________________
>>         5-DayForum mailing list
>>         5-DayForum at mailman.howtosellyourhomein5days.com
>>         http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>>
>>     ------------------------------------------------------------------------
>>     ------------------------------------------------------------------------
>>
>>     _______________________________________________
>>     5-DayForum mailing list
>>     5-DayForum at mailman.howtosellyourhomein5days.com
>>     http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>       
>
>     ------------------------------------------------------------------------
>     _______________________________________________
>     5-DayForum mailing list
>     5-DayForum at mailman.howtosellyourhomein5days.com
>     http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From juliegorman at bellsouth.net  Thu Aug  6 16:38:09 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Thu, 06 Aug 2009 20:38:09 +0000
Subject: [5-DayForum] How am I doing
	sofar...a	littleencouragement	please!?!
In-Reply-To: <4A7B34EF.1060306@effros.com>
References: <c61.5132d2a5.37aae225@aol.com>	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>	<4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl>	<4A7A5689.9060800@effros.com><080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>	<4A7AD96B.9050203@effros.com><080620091529.13134.4A7AF6DC000CFCD40000334E22243323629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<4A7B34EF.1060306@effros.com>
Message-ID: <080620092038.24213.4A7B3F2F000AED3F00005E9522193100029B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 

>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?

Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)

I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 

I'm SELLING MY HOUSE SUNDAY! YAHOO!

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I have always given the address immediately.  In the old days that would result in lines of cars circling the house before the sale, but so what?  Nobody got in the front door before 10 on Saturday.

The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.  The Method I pass on has worked best for the most people.  That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

Using the traditional method, people were not averaging 1 response per week.  Now you have 17 people to talk to in less than 2 days.  There is a fair deal somewhere in this mix, and all you have to do is find it.

Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest price.  There is absolutely nothing wrong with that.  Every seller wants to sell for the highest possible price.  There is absolutely nothing wrong with that, either.  Most people are incredibly honest, and that honesty has an aura anyone can pick up.  And they pick up your aura, too.

If you can establish trust in what you are doing, real buyers will step up and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are buying foreclosures from banks at 60% of current value.  They don't need your home at this time.  Most of the people who attend your sale will be a lot like you.  Treat them as you would want to be treated.

It is a whole lot of work for 5 days, but you can always make it pay off.  You are well on your way.

Bill Effros
Author



juliegorman at bellsouth.net wrote: 
YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?

Julie
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 
Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 
Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 
I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

Janet


In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 
I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

Well, here's where our story stands right now.  

We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/



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From Janetislight at aol.com  Thu Aug  6 16:55:47 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Thu, 6 Aug 2009 16:55:47 EDT
Subject: [5-DayForum] How am I doing sofar...a littleencouragement
	please!?!
Message-ID: <bec.43e1bdf4.37ac9d53@aol.com>

BIG <GRIN>
 
Janet
 
 
In a message dated 8/6/2009 3:40:31 P.M. Central Daylight Time,  
juliegorman at bellsouth.net writes:




YAHOO! I have 28 calls now...guess that means I'm holding a sale come  
Sunday. 
 
>From your last letter Bill it sounded like it would be ok for me  to 
contact the individuals and let them know the address; is that right? If I  do...I 
guess that means I can begin giving out the physical location to future  
callers as well. Or should I just continue doing what I'm doing and call  
everyone tomorrow night as I originally said I would--I don't want them to  
think I'm changing the rules as I go. Any advice?
 
Thus far (and it's only Thursday afternoon where I live) I have received  
16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're  
running on Saturday and Sunday will be front page of the courier journal (we  
lucked out with some open spaces...again yahoo). there readership is 400,000  
on the weekends...Is it possible we could have too many people show  up? I 
guess I'd love to have to face that hurdle! :)
 
I have been praying very feverishly, following Bill's advice, and  
believing God is really going to bless this sale! Thanks for all the recent  
encouragement. I'll keep you posted as I go! 
 
I'm SELLING MY HOUSE SUNDAY! YAHOO!
 
Julie from Kentucky

--------------  Original message from Bill Effros <bill at effros.com>: 
--------------  

Julie,

I have  always given the address immediately.  In the old days that would  
result in lines of cars circling the house before the sale, but so  what?  
Nobody got in the front door before 10 on Saturday.

The  whole idea here is that you sell your home in 5 days for the most you 
can  possibly get on the day you pick.  The Method I pass on has worked best 
 for the most people.  That doesn't mean that individual variations  can't 
work out, only that I have heard about a lot of sales, and tried to  come up 
with one coherent explanation that has had the greatest success  ratio.

Using the traditional method, people were not averaging 1  response per 
week.  Now you have 17 people to talk to in less than 2  days.  There is a fair 
deal somewhere in this mix, and all you have to  do is find it.

Take Rosemarie's advice to heart.  Every buyer  wants to buy for the lowest 
price.  There is absolutely nothing wrong  with that.  Every seller wants 
to sell for the highest possible  price.  There is absolutely nothing wrong 
with that, either.  Most  people are incredibly honest, and that honesty has 
an aura anyone can pick  up.  And they pick up your aura, too.

If you can establish trust  in what you are doing, real buyers will step up 
and talk to you.   Listen to everyone.  Treat everyone well.  The sharks 
are buying  foreclosures from banks at 60% of current value.  They don't need 
your  home at this time.  Most of the people who attend your sale will be a  
lot like you.  Treat them as you would want to be treated.

It is  a whole lot of work for 5 days, but you can always make it pay off.  
 You are well on your way.

Bill  Effros
Author



_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)  wrote:   
YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from  flyers. 
So far everyone is really excited and can't wait to find out our  address. I 
did run into a situation where 2 of the potential buyers really  wanted an 
address because they are looking in my area today...but I held  to our 
position that we are trying to be fair to all potential buyers so  we are not 
releasing our physical location until Friday evening but that I  would contact 
them by phone Friday evening with directions. They seemed  frustrated, again 
only 2 out of 17, but should I have given them more  info?
 
Julie

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Julie,

The process is  daunting in the best of times -- whether you do it by 
yourself or  not.

7 responses from Craigslist is a good sign.

It does  not mean you will get what you are hoping for.

It does mean there  are plenty of people interested in buying your home at 
the current  market value.

Stop hoping and praying for 40 responses by Friday  night.  Whether you get 
25 or 52 doesn't really matter.  The  fact that you got 7 from Craigslist 
immediately is the best news you  could get.

If it doesn't fill out to 25 by Friday night you must  know what you are 
going to do.  You are not going to say "well, 23  is good enough."

You have only 2 viable options -- either you  tell everyone who has 
responded that you are going to run the sale next  weekend if you get the rest of 
the responses you need, or you are going  to tell everyone that you cannot 
sell your home at this time using this  method, but you are still interested 
in selling your home.

So, at  the end of day 3, if you had advertised solely in Craigslist, you 
would  have spent nothing, but you would know a lot more than if you had 
signed  up with a broker for 6 months or a year.

If you decide not to  sell your home in 5-Days at this time, and no one 
else responds, you  have located 13 potential buyers at virtually no cost.  
Very few  brokers bring 13 potential buyers to any home for sale in a year -- 
good  times or bad -- and their contracts stipulate that they "own" those  
buyers, even if the buyer later buys directly from you at a price  
substantially lower than the price listed in the contract, the broker  still gets a 
commission.

Work with the 13 potential buyers.   Talk to them.  Email them.  Be 
completely honest with  them.  See if you can find a fair deal with any of them.

If  not, wait 3 months and start the 5-Day Method again, to see if the  
market is any better.

If you locate 25 potential real buyers, and  you decide to run your 5-Day 
Sale, you must commit, in your own mind, to  following through on Sunday 
night.  Buyers can hear from your  answers whether you are truly going to sell 
to the high bidder, or if  you view the 5-Day Method as just a "bait and 
switch".  If it  sounds like a "bait and switch" the real buyers will head for 
the exit  without ever leaving a bid.  You would, too.  You can't get  the 
highest possible bid without honestly committing to the  sale.

Here we get to a tricky part -- I am not your lawyer.   And just as I 
cannot sell Janet's house for her without putting myself  in peril, I also cannot 
give you legal advise without putting myself in  peril.

Let me just state some facts:

1.  A lot of  lawyers don't know what they are talking about.  (50% of them 
 graduated from law school in the bottom half of their  class.)
2.  The laws in most states protect FSBOs.  You are  not a professional.  
You do not have a license.  You are  trying to do things right.
3.  The starting price in an "or best  offer" ad is not legally binding.
4.  Nobody actually "sells"  their home until the "closing".
5.  All you are really trying to  do is "make a deal" Sunday night--and you 
make a non-binding promise to  strike that deal with the high bidder.
6.  The buyer can back  out of the deal right up to the closing.
7.  The seller can back  out of the deal right up to the closing.
8.  Numerous other  parties can kill the deal, even if the buyer and seller 
both want to go  through with it.

Nobody can get you the price you want if the  market will not support that 
price.  If you use the 5-Day Method  you can get the current market price in 
5-Days--every time--if you just  stick closely to the method.  The method 
"succeeds" every time for  those who use it properly.  The negative comments 
you read on this  forum come from people who blame the market for their 
mistakes.   They all could have sold their homes in 5 Days if they were prepared 
to  take the current market value. 

You can, too.  You are well  on your way.  I wish you could get today what 
you could have gotten  for your home 3 years ago.  But you can't.  And no 
one else  can either.

5-Day Sales are emotionally draining.  They  compress a lot of major 
financial decisions into a short time  frame.  It would appear you are well on 
your way to being able to  sell your home in 5-Days, provided only you work out 
any difference  between the current market value and the least you are able 
to  take.  If you view your 5-Day Sale through this lens you will be  
offered the most anyone will offer for your home at this  time.

Decide now if you are going to take the offer.  If  not, do not follow 
through with the Inspection and Round Robin--do  something else Friday 
night--you are still far ahead of the game at  minimal cost.

Bill  Effros
Author








_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)  wrote:  
Just thought I'd jump in here...I certainly am not a pro...but I  placed an 
ad on Craigslist today and received 7 responses...Is that  good? 
 
So far, between flyers, an ad in the newspaper, and Craigslist I  have 13 
responders in one day? I am hoping and praying for at least 40  by Friday 
night, with a minimum of the necessary 25. 
 
This process is a little scary. I was hoping to find more  encouragement on 
this Forum. I understand telling the bad with the  good. But when you are 
doing something that you are already  fearful about...it sure would be good 
to have a little more assurance  of the truth.
 
The truth is until a formal contract is signed neither I nor the  buyer are 
bound to the bidding process.--is that true?
 
The truth is if this process doesn't work...I have the names and  numbers 
of realtors...investors...and individuals who have expressed  interest in my 
home that I can respond back to at a later time--is  that true?
 
The truth is if I commit to this process...I will know by Sunday  evening a 
very close estimate to what buyers say the value of my home  is for that 
time and date...and I have the choice to either accept or  reject their 
evaluation...of course with the understanding that I WILL  take the highest bid 
Sunday evening, as long as it meets the banks  highest bid of what I owe on 
it--is that true?
 
Please encourage me! This process is daunting the first time and  just need 
a little encouragement from anyone who has had  success.
 
Julie from Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) : --------------  

Agreed.

But it tells you  everything you need to know.

If you want to sell it now you  can only get the current market price.  No 
one can say if that  price will be higher or lower 3 months from now, or 6 m
onths from  now.

You can play around with 5 Day ads on Craigslist for  nothing.

Always start them late Tuesday night.  If you  don't have 2 or 3 responses 
by noon Wednesday, pull the ad and think  over what that means.  It doesn't 
necessarily mean you can't  sell your home, and it doesn't necessarily mean 
you can't get twice  the starting price.

But would you take twice the starting  price? or 90% of what you are hoping 
for?  or 80%?

At  1/2 current market price there should be a lot of enthusiasm, and  the 
fast hit you get on Craigslist means failing to get 2 or 3  responses by 
noon Sunday must be interpreted as not enough  enthusiasm.

I know you have been honestly trying to work this  out, and you know I have 
never seen a housing market situation like  the one we're in.  I'll keep 
thinking out loud with you, if you  like.  At some point you'll know what you 
have to  do.

Bill Effros
Author

j crafor wrote:  
Agents here will NOT list for 3 months, unless there is an  automatic 3 
month extension. THEN, according to one contract I  read, there is ANOTHER 
three months beyond that that the seller  cannot sell to anyone without giving 
the agent a commission,  UNLESS it was re-listed with another agent. This was 
a contract  from the agent that I had been working with for 15 years.  

That IS correct, which is why I decided to do FSBO.  

The last agent that I talked to, showed  the house to at the open houes, 
immediately wanted to list  it, 7.5% commission, 9 month listing....
No thanks.  

 
____________________________________
Date: Wed, 5 Aug 2009 10:34:07 -0400
From: _bill at effros.com_ (mailto:bill at effros.com) 
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is  in a place where it has become extremely difficult to sell 
homes  -- at any price.  Nobody knows what they are worth at this  time.  List 
with an agent for a limited time period -- let's  say 3 months.  See what 
happens.  Let us know.

I  believe we are headed for a lot of inflation.  Homes in some  places 
will start to rise in selling price.  But other homes  will never be sold at 
any price.

Just my opinion -- this is  not my area of expertise.

Bill  Effros
Author

j crafor wrote:  
I had only one response for the 5day from Craigslist, and  more for the 
standard open house on Craigslist.
Was  considering doing a 5day this coming weekend (in Tucson) but  will 
have a standard open house instead.  Sort of  considering listing with an 
agent...
JCrafor

 
____________________________________
From: _Janetislight at aol.com_ (mailto:Janetislight at aol.com) 
Date: Wed, 5  Aug 2009 09:24:53 -0400
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

Yes, it would be interesting to know how to do this on  Craigslist, since I 
has zero responses from an ad placed as laid  out in the book.
 
Janet
 
 
 
In a message dated 8/4/2009 5:54:54 P.M. Central Daylight  Time, 
_bill at effros.com_ (mailto:bill at effros.com)  writes:

Sue,

You already  understand most of what you've got to know.

The big  change in the 4th edition is that it is now possible to run a  
5-Day sale with zero advertising cost.

All you need is  Craigslist.

Start your home at $24,500.  I  know.  It sounds crazy.

But you know you'll get  more than 25 responses by Friday night, and some 
people who  say they will never leave St. Louis are going to drive out  just 
to see what's going on.  You will get the most you  can get for your home at 
the present time.

I have  started at absurd prices many times. Literally a zillion  people 
show up, and you must be ready for them.  There is  no question that most of 
them cannot or will not pay what you  are hoping for.  But so what?  3 people 
who know  what your home is currently worth will pop out of the crowd,  bid 
against each other, and you will get the most you can get  for your home on 
the weekend you pick.

Enough people  have computers so that you no longer have to take telephone  
calls.  You can do everything on the web -- and the  response is 
instantaneous.

Prepare materials to email  back to people before placing the ad.  You can 
send  pictures.  You can explain in detail how you will run the  sale.  
Because you get to write it all out in advance,  you can be sure everyone gets 
the same information, and you  can be sure you have said exactly what you 
want to  say.

I can't tell you exactly what materials to provide  in response to 
Craigslist inquiries because I don't know  yet.  I do know you will get an 
overwhelming number of  responses, and virtually everyone looking for a home like  
yours will know yours is available and REALLY will be sold to  the high bidder 
Sunday night.

Unlike Bill, your home  can certainly be sold at this time.  Just like 
Bill, you  can know exactly what you've got to do in just 5 Days at no  cost.

If you start to develop "stock" internet  responses to Craigslist, let us 
know what they are, and how  they worked.

The Craigslist headline and body copy work  differently than newspaper 
5-Day Ads.  Again, let us know  what works.

Also, watch the resubmission rules -- you  don't want' to get frozen out of 
Craigslist in the middle of  your 5-Day Sale.  I generally try to run one 
ad starting  Tuesday night and deleting Thursday.  And an updating ad  
running Friday Saturday and Sunday.  You should have 25  responses by Thursday 
night.

Let us know how it  goes.  You're on the right track.

Bill  Effros
Author



Sue Pruett wrote:  
I am a big fan of this method.  We used the  first book back in 1995 to 
sell our first house, and  it worked great!  I always knew we would use this  
method for our second house.  Well, the time has  come to sell our second 
house!  I purchased the  book just about a month ago.  However, I didn't  
realize there was a third edition until about two  weeks ago.  The seller didn't 
inform me of this  fact!  I'm sure there is a lot in the third  edition that 
would have been helpful to us!
 
Well, here's where our story stands right  now.  
 
We live in Southern Illinois, across the  Mississippi from St. Louis.  
Homes in our  neighborhood have been selling in the upper $80's in  the past 4 
months.  When we compare our home to  these, some things are better in ours, 
some are  worse.  Ours is larger than any of them.  We  had hoped to get 
about $90K, but would have been more  than satisfied with $85K.  
 
We tried the sale two weeks ago with ads in the  only daily in town.  We 
got 4 calls.  We  postponed the sale.  We were able to advertise in  two 
weeklies, in addition to the daily.  We broke  a big rule - we only had 17 calls 
by Friday, but went  ahead with the sale.  At least 12 of our callers  were 
so excited about the house, we thought we were  good to go.  Don't break 
that rule!  We only  had 5 families come to look, and only two bidders, and  
one could not afford our starting price.  We  did get a $75K offer, and we 
agreed to sell it to  her.
 
The other thing we did was start at $74,500,  because we were scared to 
start lower.  I'm  sure this also contributed to fewer  callers.  We arent' 
sure the current buyer  is going to come through.  We should know by  tonight.  
If she doesn't, we are purchasing the  third edition of the book, and doing 
it right!   We'll start at $49,500, and we'll utilize the other  
advertising methods discussed in the third  edition.  I almost wish the fourth edition 
was  already out, as I'm worried we are behind the times  with the internet 
advertising.  
 
I know I've gone on a long time, but I do  have a question - can anyone 
point me to which  internet advertising you all use.  I've never  used anything 
but ebay to sell over the internet, and  not for something like a house!    
I'd  just like to get a picture of how internet advertising  works.  Thanks 
so much for sticking with my  story!


Sue  Pruett
32950  Delhi Road
Brighton, IL   62012
618-372-3501
Visit my  blogs at _http://www.thecharlottemasongirl.com/_ 
(http://www.thecharlottemasongirl.com/) 
and _http://www.illinoisgreenhome.com_ (http://www.illinoisgreenhome.com/) 
and _http://parentingwithstyle.blogspot.com/_ 
(http://parentingwithstyle.blogspot.com/) 
 
 
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From bill at effros.com  Thu Aug  6 17:15:36 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 06 Aug 2009 17:15:36 -0400
Subject: [5-DayForum] How am I
	doing	sofar...a	littleencouragement	please!?!
In-Reply-To: <080620092038.24213.4A7B3F2F000AED3F00005E9522193100029B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
References: <c61.5132d2a5.37aae225@aol.com>	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>	<4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl>	<4A7A5689.9060800@effros.com><080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>	<4A7AD96B.9050203@effros.com><080620091529.13134.4A7AF6DC000CFCD40000334E22243323629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>	<4A7B34EF.1060306@effros.com>
	<080620092038.24213.4A7B3F2F000AED3F00005E9522193100029B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
Message-ID: <4A7B47F8.104@effros.com>

Julie,

I would start contacting people now.  Tell them you didn't want to give 
out your address until you were sure you would get 25 responses by 
Friday night, and now you have 28 so you are going to tell everyone 
"it's a go!"

I like busy sales because you never get bored, and you don't start 
second guessing yourself.

Let them all know you're going to sell your home to the high bidder 
Sunday night, and that they are bidding against each other, not against you.

Make sure you have enough help, and that everyone is singing the same tune.

Don't think you can spot the real buyers in the crowd.  You can't.

People will be testing you to see if you're honest.  Be yourself.  
They're just people, and one of them is going to buy your home.

Pace yourself.

Keep the cards and letters coming,

Bill Effros
Author

juliegorman at bellsouth.net wrote:
> YAHOO! I have 28 calls now...guess that means I'm holding a sale come 
> Sunday.
>  
> *From your last letter Bill it sounded like it would be ok for me to 
> contact the individuals and let them know the address; is that right? 
> If I do...I guess that means I can begin giving out the physical 
> location to future callers as well. Or should I just continue doing 
> what I'm doing and call everyone tomorrow night as I originally said I 
> would--I don't want them to think I'm changing the rules as I go. Any 
> advice?*
>  
> Thus far (and it's only Thursday afternoon where I live) I have 
> received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. 
> The ads we're running on Saturday and Sunday will be front page of the 
> courier journal (we lucked out with some open spaces...again yahoo). 
> there readership is 400,000 on the weekends...*Is it possible we could 
> have too many people show up? I guess I'd love to have to face that 
> hurdle! :)*
>  
> I have been praying very feverishly, following Bill's advice, and 
> believing God is really going to bless this sale! Thanks for all the 
> recent encouragement. I'll keep you posted as I go!
>  
> I'm SELLING MY HOUSE SUNDAY! YAHOO!
>  
> Julie from Kentucky
>
>     -------------- Original message from Bill Effros
>     <bill at effros.com>: --------------
>
>     Julie,
>
>     I have always given the address immediately.  In the old days that
>     would result in lines of cars circling the house before the sale,
>     but so what?  Nobody got in the front door before 10 on Saturday.
>
>     The whole idea here is that you sell your home in 5 days for the
>     most you can possibly get on the day you pick.  The Method I pass
>     on has worked best for the most people.  That doesn't mean that
>     individual variations can't work out, only that I have heard about
>     a lot of sales, and tried to come up with one coherent explanation
>     that has had the greatest success ratio.
>
>     Using the traditional method, people were not averaging 1 response
>     per week.  Now you have 17 people to talk to in less than 2 days. 
>     There is a fair deal somewhere in this mix, and all you have to do
>     is find it.
>
>     Take Rosemarie's advice to heart.  Every buyer wants to buy for
>     the lowest price.  There is absolutely nothing wrong with that. 
>     Every seller wants to sell for the highest possible price.  There
>     is absolutely nothing wrong with that, either.  Most people are
>     incredibly honest, and that honesty has an aura anyone can pick
>     up.  And they pick up your aura, too.
>
>     If you can establish trust in what you are doing, real buyers will
>     step up and talk to you.  Listen to everyone.  Treat everyone
>     well.  The sharks are buying foreclosures from banks at 60% of
>     current value.  They don't need your home at this time.  Most of
>     the people who attend your sale will be a lot like you.  Treat
>     them as you would want to be treated.
>
>     It is a whole lot of work for 5 days, but you can always make it
>     pay off.  You are well on your way.
>
>     Bill Effros
>     Author
>
>
>
>     juliegorman at bellsouth.net wrote:
>>     YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from
>>     flyers. So far everyone is really excited and can't wait to find
>>     out our address. I did run into a situation where 2 of the
>>     potential buyers really wanted an address because they are
>>     looking in my area today...but I held to our position that we are
>>     trying to be fair to all potential buyers so we are not releasing
>>     our physical location until Friday evening but that I would
>>     contact them by phone Friday evening with directions. They seemed
>>     frustrated, again only 2 out of 17, but should I have given them
>>     more info?
>>      
>>     Julie
>>
>>         -------------- Original message from Bill Effros
>>         <bill at effros.com>: --------------
>>
>>         Julie,
>>
>>         The process is daunting in the best of times -- whether you
>>         do it by yourself or not.
>>
>>         7 responses from Craigslist is a good sign.
>>
>>         It does not mean you will get what you are hoping for.
>>
>>         It does mean there are plenty of people interested in buying
>>         your home at the current market value.
>>
>>         Stop hoping and praying for 40 responses by Friday night. 
>>         Whether you get 25 or 52 doesn't really matter.  The fact
>>         that you got 7 from Craigslist immediately is the best news
>>         you could get.
>>
>>         If it doesn't fill out to 25 by Friday night you must know
>>         what you are going to do.  You are not going to say "well, 23
>>         is good enough."
>>
>>         You have only 2 viable options -- either you tell everyone
>>         who has responded that you are going to run the sale next
>>         weekend if you get the rest of the responses you need, or you
>>         are going to tell everyone that you cannot sell your home at
>>         this time using this method, but you are still interested in
>>         selling your home.
>>
>>         So, at the end of day 3, if you had advertised solely in
>>         Craigslist, you would have spent nothing, but you would know
>>         a lot more than if you had signed up with a broker for 6
>>         months or a year.
>>
>>         If you decide not to sell your home in 5-Days at this time,
>>         and no one else responds, you have located 13 potential
>>         buyers at virtually no cost.  Very few brokers bring 13
>>         potential buyers to any home for sale in a year -- good times
>>         or bad -- and their contracts stipulate that they "own" those
>>         buyers, even if the buyer later buys directly from you at a
>>         price substantially lower than the price listed in the
>>         contract, the broker still gets a commission.
>>
>>         Work with the 13 potential buyers.  Talk to them.  Email
>>         them.  Be completely honest with them.  See if you can find a
>>         fair deal with any of them.
>>
>>         If not, wait 3 months and start the 5-Day Method again, to
>>         see if the market is any better.
>>
>>         If you locate 25 potential real buyers, and you decide to run
>>         your 5-Day Sale, you must commit, in your own mind, to
>>         following through on Sunday night.  Buyers can hear from your
>>         answers whether you are truly going to sell to the high
>>         bidder, or if you view the 5-Day Method as just a "bait and
>>         switch".  If it sounds like a "bait and switch" the real
>>         buyers will head for the exit without ever leaving a bid. 
>>         You would, too.  You can't get the highest possible bid
>>         without honestly committing to the sale.
>>
>>         Here we get to a tricky part -- I am not your lawyer.  And
>>         just as I cannot sell Janet's house for her without putting
>>         myself in peril, I also cannot give you legal advise without
>>         putting myself in peril.
>>
>>         Let me just state some facts:
>>
>>         1.  A lot of lawyers don't know what they are talking about. 
>>         (50% of them graduated from law school in the bottom half of
>>         their class.)
>>         2.  The laws in most states protect FSBOs.  You are not a
>>         professional.  You do not have a license.  You are trying to
>>         do things right.
>>         3.  The starting price in an "or best offer" ad is not
>>         legally binding.
>>         4.  Nobody actually "sells" their home until the "closing".
>>         5.  All you are really trying to do is "make a deal" Sunday
>>         night--and you make a non-binding promise to strike that deal
>>         with the high bidder.
>>         6.  The buyer can back out of the deal right up to the closing.
>>         7.  The seller can back out of the deal right up to the closing.
>>         8.  Numerous other parties can kill the deal, even if the
>>         buyer and seller both want to go through with it.
>>
>>         Nobody can get you the price you want if the market will not
>>         support that price.  If you use the 5-Day Method you can get
>>         the current market price in 5-Days--every time--if you just
>>         stick closely to the method.  The method "succeeds" every
>>         time for those who use it properly.  The negative comments
>>         you read on this forum come from people who blame the market
>>         for their mistakes.  They all could have sold their homes in
>>         5 Days if they were prepared to take the current market value.
>>
>>         You can, too.  You are well on your way.  I wish you could
>>         get today what you could have gotten for your home 3 years
>>         ago.  But you can't.  And no one else can either.
>>
>>         5-Day Sales are emotionally draining.  They compress a lot of
>>         major financial decisions into a short time frame.  It would
>>         appear you are well on your way to being able to sell your
>>         home in 5-Days, provided only you work out any difference
>>         between the current market value and the least you are able
>>         to take.  If you view your 5-Day Sale through this lens you
>>         will be offered the most anyone will offer for your home at
>>         this time.
>>
>>         Decide now if you are going to take the offer.  If not, do
>>         not follow through with the Inspection and Round Robin--do
>>         something else Friday night--you are still far ahead of the
>>         game at minimal cost.
>>
>>         Bill Effros
>>         Author
>>
>>
>>
>>
>>
>>
>>
>>
>>         juliegorman at bellsouth.net wrote:
>>>         Just thought I'd jump in here...I certainly am not a
>>>         pro...but I placed an ad on Craigslist today and received 7
>>>         responses...Is that good?
>>>          
>>>         So far, between flyers, an ad in the newspaper, and
>>>         Craigslist I have 13 responders in one day? I am hoping and
>>>         praying for at least 40 by Friday night, with a minimum of
>>>         the necessary 25.
>>>          
>>>         This process is a little scary. I was hoping to find more
>>>         encouragement on this Forum. I understand telling the bad
>>>         with the good. But when you are doing something that you are
>>>         already fearful about...it sure would be good to have a
>>>         little more assurance of the truth.
>>>          
>>>         The truth is until a formal contract is signed neither I nor
>>>         the buyer are bound to the bidding process.--is that true?
>>>          
>>>         The truth is if this process doesn't work...I have the names
>>>         and numbers of realtors...investors...and individuals who
>>>         have expressed interest in my home that I can respond back
>>>         to at a later time--is that true?
>>>          
>>>         The truth is if I commit to this process...I will know by
>>>         Sunday evening a very close estimate to what buyers say the
>>>         value of my home is for that time and date...and I have the
>>>         choice to either accept or reject their evaluation...of
>>>         course with the understanding that I WILL take the highest
>>>         bid Sunday evening, as long as it meets the banks highest
>>>         bid of what I owe on it--is that true?
>>>          
>>>         Please encourage me! This process is daunting the first time
>>>         and just need a little encouragement from anyone who has had
>>>         success.
>>>          
>>>         Julie from Kentucky
>>>
>>>             -------------- Original message from Bill Effros
>>>             <bill at effros.com>: --------------
>>>
>>>             Agreed.
>>>
>>>             But it tells you everything you need to know.
>>>
>>>             If you want to sell it now you can only get the current
>>>             market price.  No one can say if that price will be
>>>             higher or lower 3 months from now, or 6 months from now.
>>>
>>>             You can play around with 5 Day ads on Craigslist for
>>>             nothing.
>>>
>>>             Always start them late Tuesday night.  If you don't have
>>>             2 or 3 responses by noon Wednesday, pull the ad and
>>>             think over what that means.  It doesn't necessarily mean
>>>             you can't sell your home, and it doesn't necessarily
>>>             mean you can't get twice the starting price.
>>>
>>>             But would you take twice the starting price? or 90% of
>>>             what you are hoping for?  or 80%?
>>>
>>>             At 1/2 current market price there should be a lot of
>>>             enthusiasm, and the fast hit you get on Craigslist means
>>>             failing to get 2 or 3 responses by noon Sunday must be
>>>             interpreted as not enough enthusiasm.
>>>
>>>             I know you have been honestly trying to work this out,
>>>             and you know I have never seen a housing market
>>>             situation like the one we're in.  I'll keep thinking out
>>>             loud with you, if you like.  At some point you'll know
>>>             what you have to do.
>>>
>>>             Bill Effros
>>>             Author
>>>
>>>             j crafor wrote:
>>>>             Agents here will NOT list for 3 months, unless there is
>>>>             an automatic 3 month extension. THEN, according to one
>>>>             contract I read, there is ANOTHER three months beyond
>>>>             that that the seller cannot sell to anyone without
>>>>             giving the agent a commission, UNLESS it was re-listed
>>>>             with another agent. This was a contract from the agent
>>>>             that I had been working with for 15 years.
>>>>              
>>>>             That IS correct, which is why I decided to do FSBO.
>>>>              
>>>>             The last agent that I talked to, showed the house to at
>>>>             the open houes, immediately wanted to list it, 7.5%
>>>>             commission, 9 month listing....
>>>>             No thanks.
>>>>              
>>>>             ------------------------------------------------------------------------
>>>>             Date: Wed, 5 Aug 2009 10:34:07 -0400
>>>>             From: bill at effros.com
>>>>             To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>>>             Subject: Re: [5-DayForum] Had a sale last weekend
>>>>
>>>>             JCrafor,
>>>>
>>>>             Your home is in a place where it has become extremely
>>>>             difficult to sell homes -- at any price.  Nobody knows
>>>>             what they are worth at this time.  List with an agent
>>>>             for a limited time period -- let's say 3 months.  See
>>>>             what happens.  Let us know.
>>>>
>>>>             I believe we are headed for a lot of inflation.  Homes
>>>>             in some places will start to rise in selling price. 
>>>>             But other homes will never be sold at any price.
>>>>
>>>>             Just my opinion -- this is not my area of expertise.
>>>>
>>>>             Bill Effros
>>>>             Author
>>>>
>>>>             j crafor wrote:
>>>>
>>>>                 I had only one response for the 5day from
>>>>                 Craigslist, and more for the standard open house on
>>>>                 Craigslist.
>>>>                 Was considering doing a 5day this coming weekend
>>>>                 (in Tucson) but will have a standard open house
>>>>                 instead.  Sort of considering listing with an agent...
>>>>                 JCrafor
>>>>                  
>>>>                 ------------------------------------------------------------------------
>>>>                 From: Janetislight at aol.com
>>>>                 <mailto:Janetislight at aol.com>
>>>>                 Date: Wed, 5 Aug 2009 09:24:53 -0400
>>>>                 To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>>>                 <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>>>>                 Subject: Re: [5-DayForum] Had a sale last weekend
>>>>
>>>>                 Yes, it would be interesting to know how to do this
>>>>                 on Craigslist, since I has zero responses from an
>>>>                 ad placed as laid out in the book.
>>>>                  
>>>>                 Janet
>>>>                  
>>>>                  
>>>>                 In a message dated 8/4/2009 5:54:54 P.M. Central
>>>>                 Daylight Time, bill at effros.com
>>>>                 <mailto:bill at effros.com> writes:
>>>>
>>>>                     Sue,
>>>>
>>>>                     You already understand most of what you've got
>>>>                     to know.
>>>>
>>>>                     The big change in the 4th edition is that it is
>>>>                     now possible to run a 5-Day sale with zero
>>>>                     advertising cost.
>>>>
>>>>                     All you need is Craigslist.
>>>>
>>>>                     Start your home at $24,500.  I know.  It sounds
>>>>                     crazy.
>>>>
>>>>                     But you know you'll get more than 25 responses
>>>>                     by Friday night, and some people who say they
>>>>                     will never leave St. Louis are going to drive
>>>>                     out just to see what's going on.  You will get
>>>>                     the most you can get for your home at the
>>>>                     present time.
>>>>
>>>>                     I have started at absurd prices many times.
>>>>                     Literally a zillion people show up, and you
>>>>                     must be ready for them.  There is no question
>>>>                     that most of them cannot or will not pay what
>>>>                     you are hoping for.  But so what?  3 people who
>>>>                     know what your home is currently worth will pop
>>>>                     out of the crowd, bid against each other, and
>>>>                     you will get the most you can get for your home
>>>>                     on the weekend you pick.
>>>>
>>>>                     Enough people have computers so that you no
>>>>                     longer have to take telephone calls.  You can
>>>>                     do everything on the web -- and the response is
>>>>                     instantaneous.
>>>>
>>>>                     Prepare materials to email back to people
>>>>                     before placing the ad.  You can send pictures. 
>>>>                     You can explain in detail how you will run the
>>>>                     sale.  Because you get to write it all out in
>>>>                     advance, you can be sure everyone gets the same
>>>>                     information, and you can be sure you have said
>>>>                     exactly what you want to say.
>>>>
>>>>                     I can't tell you exactly what materials to
>>>>                     provide in response to Craigslist inquiries
>>>>                     because I don't know yet.  I do know you will
>>>>                     get an overwhelming number of responses, and
>>>>                     virtually everyone looking for a home like
>>>>                     yours will know yours is available and REALLY
>>>>                     will be sold to the high bidder Sunday night.
>>>>
>>>>                     Unlike Bill, your home can certainly be sold at
>>>>                     this time.  Just like Bill, you can know
>>>>                     exactly what you've got to do in just 5 Days at
>>>>                     no cost.
>>>>
>>>>                     If you start to develop "stock" internet
>>>>                     responses to Craigslist, let us know what they
>>>>                     are, and how they worked.
>>>>
>>>>                     The Craigslist headline and body copy work
>>>>                     differently than newspaper 5-Day Ads.  Again,
>>>>                     let us know what works.
>>>>
>>>>                     Also, watch the resubmission rules -- you don't
>>>>                     want' to get frozen out of Craigslist in the
>>>>                     middle of your 5-Day Sale.  I generally try to
>>>>                     run one ad starting Tuesday night and deleting
>>>>                     Thursday.  And an updating ad running Friday
>>>>                     Saturday and Sunday.  You should have 25
>>>>                     responses by Thursday night.
>>>>
>>>>                     Let us know how it goes.  You're on the right
>>>>                     track.
>>>>
>>>>                     Bill Effros
>>>>                     Author
>>>>
>>>>
>>>>
>>>>                     Sue Pruett wrote:
>>>>
>>>>                         I am a big fan of this method.  We used the
>>>>                         first book back in 1995 to sell our first
>>>>                         house, and it worked great!  I always knew
>>>>                         we would use this method for our second
>>>>                         house.  Well, the time has come to sell our
>>>>                         second house!  I purchased the book just
>>>>                         about a month ago.  However, I didn't
>>>>                         realize there was a third edition until
>>>>                         about two weeks ago.  The seller didn't
>>>>                         inform me of this fact!  I'm sure there is
>>>>                         a lot in the third edition that would have
>>>>                         been helpful to us!
>>>>                          
>>>>                         Well, here's where our story stands right
>>>>                         now. 
>>>>                          
>>>>                         We live in Southern Illinois, across the
>>>>                         Mississippi from St. Louis.  Homes in our
>>>>                         neighborhood have been selling in the upper
>>>>                         $80's in the past 4 months.  When we
>>>>                         compare our home to these, some things are
>>>>                         better in ours, some are worse.  Ours is
>>>>                         larger than any of them.  We had hoped to
>>>>                         get about $90K, but would have been more
>>>>                         than satisfied with $85K. 
>>>>                          
>>>>                         We tried the sale two weeks ago with ads in
>>>>                         the only daily in town.  We got 4 calls. 
>>>>                         We postponed the sale.  We were able to
>>>>                         advertise in two weeklies, in addition to
>>>>                         the daily.  We broke a big rule - we only
>>>>                         had 17 calls by Friday, but went ahead with
>>>>                         the sale.  At least 12 of our callers were
>>>>                         so excited about the house, we thought we
>>>>                         were good to go.  Don't break that rule! 
>>>>                         We only had 5 families come to look, and
>>>>                         only two bidders, and one could not afford
>>>>                         our starting price.  We did get a $75K
>>>>                         offer, and we agreed to sell it to her.
>>>>                          
>>>>                         The other thing we did was start at
>>>>                         $74,500, because we were scared to start
>>>>                         lower.  I'm sure this also contributed to
>>>>                         fewer callers.  We arent' sure the current
>>>>                         buyer is going to come through.  We should
>>>>                         know by tonight.  If she doesn't, we are
>>>>                         purchasing the third edition of the book,
>>>>                         and doing it right!  We'll start at
>>>>                         $49,500, and we'll utilize the other
>>>>                         advertising methods discussed in the third
>>>>                         edition.  I almost wish the fourth edition
>>>>                         was already out, as I'm worried we are
>>>>                         behind the times with the internet
>>>>                         advertising. 
>>>>                          
>>>>                         I know I've gone on a long time, but I do
>>>>                         have a question - can anyone point me to
>>>>                         which internet advertising you all use. 
>>>>                         I've never used anything but ebay to sell
>>>>                         over the internet, and not for something
>>>>                         like a house!    I'd just like to get a
>>>>                         picture of how internet advertising works. 
>>>>                         Thanks so much for sticking with my story!
>>>>
>>>>                         Sue Pruett
>>>>                         32950 Delhi Road
>>>>                         Brighton, IL  62012
>>>>                         618-372-3501
>>>>                         Visit my blogs at
>>>>                         http://www.thecharlottemasongirl.com/
>>>>                         and http://www.illinoisgreenhome.com
>>>>                         <http://www.illinoisgreenhome.com/>
>>>>                         and http://parentingwithstyle.blogspot.com/
>>>>                          
>>>>
>>>>                         ------------------------------------------------------------------------
>>>>
>>>>                         _______________________________________________
>>>>                         5-DayForum mailing list
>>>>                         5-DayForum at mailman.howtosellyourhomein5days.com <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>>>>                         http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>                           
>>>>
>>>>
>>>>
>>>>                     _______________________________________________
>>>>                     5-DayForum mailing list
>>>>                     5-DayForum at mailman.howtosellyourhomein5days.com
>>>>                     <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>>>>                     http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>
>>>>
>>>>                 ------------------------------------------------------------------------
>>>>
>>>>                 ------------------------------------------------------------------------
>>>>                 Get back to school stuff for them and cashback for
>>>>                 you. Try BingT now.
>>>>                 <http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackToSchool_Cashback_BTSCashback_1x1>
>>>>
>>>>
>>>>                 ------------------------------------------------------------------------
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>>>>                 5-DayForum mailing list
>>>>                 5-DayForum at mailman.howtosellyourhomein5days.com <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>>>>                 http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>                   
>>>>
>>>>
>>>>             ------------------------------------------------------------------------
>>>>             Get back to school stuff for them and cashback for you.
>>>>             Try BingT now.
>>>>             <http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackToSchool_Cashback_BTSCashback_1x1>
>>>>
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>>>>
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>>>>             5-DayForum mailing list
>>>>             5-DayForum at mailman.howtosellyourhomein5days.com
>>>>             http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>               
>>>
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From artchr61 at yahoo.com  Thu Aug  6 18:34:46 2009
From: artchr61 at yahoo.com (Leslie Michaels)
Date: Thu, 6 Aug 2009 15:34:46 -0700 (PDT)
Subject: [5-DayForum] How am I doing sofar...a littleencouragement
	please!?!
In-Reply-To: <bec.43e1bdf4.37ac9d53@aol.com>
References: <bec.43e1bdf4.37ac9d53@aol.com>
Message-ID: <855860.92055.qm@web80608.mail.mud.yahoo.com>

It is so good to hear that this methond?is working in some areas! I just wish it had worked as well for me!
Congratulations!

Leslie




________________________________
From: "Janetislight at aol.com" <Janetislight at aol.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, August 6, 2009 3:55:47 PM
Subject: Re: [5-DayForum] How am I doing sofar...a littleencouragement please!?!

BIG <GRIN>

Janet

In a message dated 8/6/2009 3:40:31 P.M. Central Daylight Time, juliegorman at bellsouth.net writes:

>
>
>YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 
>
>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?
>
>Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)
>
>I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 
>
>I'm SELLING MY HOUSE SUNDAY! YAHOO!
>
>Julie from Kentucky
>-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>>
>>Julie,
>>
>>I have always given the address immediately.? In the old days that would result in lines of cars circling the house before the sale, but so what?? Nobody got in the front door before 10 on Saturday.
>>
>>The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.? The Method I pass on has worked best for the most people.? That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.
>>
>>Using the traditional method, people were not averaging 1 response per week.? Now you have 17 people to talk to in less than 2 days.? There is a fair deal somewhere in this mix, and all you have to do is find it.
>>
>>Take Rosemarie's advice to heart.? Every buyer wants to buy for the lowest price.? There is absolutely nothing wrong with that.? Every seller wants to sell for the highest possible price.? There is absolutely nothing wrong with that, either.? Most people are incredibly honest, and that honesty has an aura anyone can pick up.? And they pick up your aura, too.
>>
>>If you can establish trust in what you are doing, real buyers will step up and talk to you.? Listen to everyone.? Treat everyone well.? The sharks are buying foreclosures from banks at 60% of current value.? They don't need your home at this time.? Most of the people who attend your sale will be a lot like you.? Treat them as you would want to be treated.
>>
>>It is a whole lot of work for 5 days, but you can always make it pay off.? You are well on your way.
>>
>>Bill Effros
>>Author
>>
>>
>>
>>juliegorman at bellsouth.net wrote: 
>>YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?
>>>
>>>Julie
>>>-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>>>>
>>>>Julie,
>>>>
>>>>The process is daunting in the best of times -- whether you do it by yourself or not.
>>>>
>>>>7 responses from Craigslist is a good sign.
>>>>
>>>>It does not mean you will get what you are hoping for.
>>>>
>>>>It does mean there are plenty of people interested in buying your home at the current market value.
>>>>
>>>>Stop hoping and praying for 40 responses by Friday night.? Whether you get 25 or 52 doesn't really matter.? The fact that you got 7 from Craigslist immediately is the best news you could get.
>>>>
>>>>If it doesn't fill out to 25 by Friday night you must know what you are going to do.? You are not going to say "well, 23 is good enough."
>>>>
>>>>You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.
>>>>
>>>>So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.
>>>>
>>>>If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.? Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.
>>>>
>>>>Work with the 13 potential buyers.? Talk to them.? Email them.? Be completely honest with them.? See if you can find a fair deal with any of them.
>>>>
>>>>If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.
>>>>
>>>>If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.? Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".? If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.? You would, too.? You can't get the highest possible bid without honestly committing to the sale.
>>>>
>>>>Here we get to a tricky part -- I am not your lawyer.? And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.
>>>>
>>>>Let me just state some facts:
>>>>
>>>>1.? A lot of lawyers don't know what they are talking about.? (50% of them graduated from law school in the bottom half of their class.)
>>>>2.? The laws in most states protect FSBOs.? You are not a professional.? You do not have a license.? You are trying to do things right.
>>>>3.? The starting price in an "or best offer" ad is not legally binding.
>>>>4.? Nobody actually "sells" their home until the "closing".
>>>>5.? All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
>>>>6.? The buyer can back out of the deal right up to the closing.
>>>>7.? The seller can back out of the deal right up to the closing.
>>>>8.? Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.
>>>>
>>>>Nobody can get you the price you want if the market will not support that price.? If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.? The method "succeeds" every time for those who use it properly.? The negative comments you read on this forum come from people who blame the market for their mistakes.? They all could have sold their homes in 5 Days if they were prepared to take the current market value. 
>>>>
>>>>You can, too.? You are well on your way.? I wish you could get today what you could have gotten for your home 3 years ago.? But you can't.? And no one else can either.
>>>>
>>>>5-Day Sales are emotionally draining.? They compress a lot of major financial decisions into a short time frame.? It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.? If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.
>>>>
>>>>Decide now if you are going to take the offer.? If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.
>>>>
>>>>Bill Effros
>>>>Author
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>juliegorman at bellsouth.net wrote: 
>>>>Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 
>>>>>
>>>>>So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 
>>>>>
>>>>>This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are?doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.
>>>>>
>>>>>The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?
>>>>>
>>>>>The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?
>>>>>
>>>>>The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?
>>>>>
>>>>>Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.
>>>>>
>>>>>Julie from Kentucky
>>>>>-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>>>>>>
>>>>>>Agreed.
>>>>>>
>>>>>>But it tells you everything you need to know.
>>>>>>
>>>>>>If you want to sell it now you can only get the current market price.? No one can say if that price will be higher or lower 3 months from now, or 6 months from now.
>>>>>>
>>>>>>You can play around with 5 Day ads on Craigslist for nothing.
>>>>>>
>>>>>>Always start them late Tuesday night.? If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.? It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.
>>>>>>
>>>>>>But would you take twice the starting price? or 90% of what you are hoping for?? or 80%?
>>>>>>
>>>>>>At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.
>>>>>>
>>>>>>I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.? I'll keep thinking out loud with you, if you like.? At some point you'll know what you have to do.
>>>>>>
>>>>>>Bill Effros
>>>>>>Author
>>>>>>
>>>>>>j crafor wrote: 
>>>>>>Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
>>>>>>>?
>>>>>>>That IS correct, which is why I decided to do FSBO. 
>>>>>>>?
>>>>>>>The last agent that I talked to, showed the?house to at the open houes, immediately wanted to list it, 7.5% commission,?9 month listing....
>>>>>>>No thanks. 
>>>>>>>?
>>>>>>>________________________________
Date: Wed, 5 Aug 2009 10:34:07 -0400
>>>>>>>From: bill at effros.com
>>>>>>>To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>>>>>>Subject: Re: [5-DayForum] Had a sale last weekend
>>>>>>>
>>>>>>>JCrafor,
>>>>>>>
>>>>>>>Your home is in a place where it has become extremely difficult to sell homes -- at any price.? Nobody knows what they are worth at this time.? List with an agent for a limited time period -- let's say 3 months.? See what happens.? Let us know.
>>>>>>>
>>>>>>>I believe we are headed for a lot of inflation.? Homes in some places will start to rise in selling price.? But other homes will never be sold at any price.
>>>>>>>
>>>>>>>Just my opinion -- this is not my area of expertise.
>>>>>>>
>>>>>>>Bill Effros
>>>>>>>Author
>>>>>>>
>>>>>>>j crafor wrote: 
>>>>>>>I?had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
>>>>>>>>Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.? Sort of considering listing with an agent...
>>>>>>>>JCrafor
>>>>>>>>?
>>>>>>>>________________________________
From: Janetislight at aol.com
>>>>>>>>Date: Wed, 5 Aug 2009 09:24:53 -0400
>>>>>>>>To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>>>>>>>Subject: Re: [5-DayForum] Had a sale last weekend
>>>>>>>>
>>>>>>>>Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.
>>>>>>>>
>>>>>>>>Janet
>>>>>>>>
>>>>>>>>
>>>>>>>>In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
>>>>>>>>Sue,
>>>>>>>>>
>>>>>>>>>You already understand most of what you've got to know.
>>>>>>>>>
>>>>>>>>>The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.
>>>>>>>>>
>>>>>>>>>All you need is Craigslist.
>>>>>>>>>
>>>>>>>>>Start your home at $24,500.? I know.? It sounds crazy.
>>>>>>>>>
>>>>>>>>>But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.? You will get the most you can get for your home at the present time.
>>>>>>>>>
>>>>>>>>>I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.? There is no question that most of them cannot or will not pay what you are hoping for.? But so what?? 3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.
>>>>>>>>>
>>>>>>>>>Enough people have computers so that you no longer have to take telephone calls.? You can do everything on the web -- and the response is instantaneous.
>>>>>>>>>
>>>>>>>>>Prepare materials to email back to people before placing the ad.? You can send pictures.? You can explain in detail how you will run the sale.? Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.
>>>>>>>>>
>>>>>>>>>I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.? I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.
>>>>>>>>>
>>>>>>>>>Unlike Bill, your home can certainly be sold at this time.? Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.
>>>>>>>>>
>>>>>>>>>If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.
>>>>>>>>>
>>>>>>>>>The Craigslist headline and body copy work differently than newspaper 5-Day Ads.? Again, let us know what works.
>>>>>>>>>
>>>>>>>>>Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.? I generally try to run one ad starting Tuesday night and deleting Thursday.? And an updating ad running Friday Saturday and Sunday.? You should have 25 responses by Thursday night.
>>>>>>>>>
>>>>>>>>>Let us know how it goes.? You're on the right track.
>>>>>>>>>
>>>>>>>>>Bill Effros
>>>>>>>>>Author
>>>>>>>>>
>>>>>>>>>
>>>>>>>>>
>>>>>>>>>Sue Pruett wrote: 
>>>>>>>>>I am a big fan of this method.? We used the first book back in 1995 to sell our first house, and it worked great!? I always knew we would use this method for our second house.? Well, the time has come to sell our second house!? I purchased the book just about a month ago.? However, I didn't realize there was a third edition until about two weeks ago.? The seller didn't inform me of this fact!? I'm sure there is a lot in the third edition that would have been helpful to us!
>>>>>>>>>>
>>>>>>>>>>Well, here's where our story stands right now.? 
>>>>>>>>>>
>>>>>>>>>>We live in Southern Illinois, across the Mississippi from St. Louis.? Homes in our neighborhood have been selling in the upper $80's in the past 4 months.? When we compare our home to these, some things are better in ours, some are worse.? Ours is larger than any of them.? We had hoped to get about $90K, but would have been more than satisfied with $85K.? 
>>>>>>>>>>
>>>>>>>>>>We tried the sale two weeks ago with ads in the only daily in town.? We got 4 calls.? We postponed the sale.? We were able to advertise in two weeklies, in addition to the daily.? We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.? At least 12 of our callers were so excited about the house, we thought we were good to go.? Don't break that rule!? We only had 5 families come to look, and only two bidders, and one could?not afford our starting price.? We did get a $75K offer, and we agreed to sell it to her.
>>>>>>>>>>
>>>>>>>>>>The other thing we did was start at $74,500, because we were scared to start lower.??I'm sure this also contributed to fewer callers.??We arent' sure the current buyer is going to come through.? We should know by tonight.? If she doesn't, we are purchasing the third edition of the book, and doing it right!? We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.? I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.? 
>>>>>>>>>>
>>>>>>>>>>I know I've gone on a long time, but?I do have a question -?can anyone point me to which internet advertising you all use.? I've never used anything but ebay to sell over the internet, and not for something like?a house!? ? I'd just like to get a picture of how internet advertising works.? Thanks so much for sticking with my story!
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>Sue Pruett
>>>>>>>>>>32950 Delhi Road
>>>>>>>>>>Brighton, IL? 62012
>>>>>>>>>>618-372-3501
>>>>>>>>>>Visit my blogs at http://www.thecharlottemasongirl.com/
>>>>>>>>>>and http://www.illinoisgreenhome.com
>>>>>>>>>>and http://parentingwithstyle.blogspot.com/
>>>>>>>>>> 
>>>>>>>>>>
________________________________

>>>>>>>>>>_______________________________________________
>>>>>>>>>>5-DayForum mailing list
>>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>>>>  
>>>>>>>>>
>>>>>>>>>_______________________________________________
>>>>>>>>>5-DayForum mailing list
>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>>>
>>>>>>>>
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>>>>>>>>________________________________
Get back to school stuff for them and cashback for you. Try BingT now. 
>>>>>>>>
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>>>>>>>>  
>>>>>>>________________________________
Get back to school stuff for them and cashback for you. Try BingT now. 
>>>>>>>
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>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
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>>>
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From barrettai at aol.com  Thu Aug  6 19:02:55 2009
From: barrettai at aol.com (barrettai at aol.com)
Date: Thu, 06 Aug 2009 19:02:55 -0400
Subject: [5-DayForum] 5-Day Canadian sale - the story ends...
In-Reply-To: <BLU0-SMTP19586601E9EDF8A90E3E6CC80A0@phx.gbl>
References: <d22.49c3494a.37ab4a35@aol.com>
	<4A7A5E50.8010701@effros.com><318953.87614.qm@web80608.mail.mud.yahoo.com>
	<BLU0-SMTP19586601E9EDF8A90E3E6CC80A0@phx.gbl>
Message-ID: <8CBE5012AE27852-1368-BE3@webmail-mf07.sysops.aol.com>

Tammy:

Outstanding ... well done!

Kyle
www.AuctionBySeller.com 


-----Original Message-----
From: Tammy <tammytarr at sympatico.ca>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thu, Aug 6, 2009 1:55 pm
Subject: Re: [5-DayForum] 5-Day Canadian sale - the story ends...



Hey all,

?

Just thought I'd update everyone on my sale.

?

As most of you know, I held a 5-Day sale a couple of weekends ago.? As most of you also know, I was freaking out on the last night because the bids weren't very high.? People kept asking me if I had a 'reserve bid' (a minimum figure in my mind below which I would not sell) and also asking me, "what if you don't get a very high bid?"? I kept answering, "Well, I am trying to stay positive.? I hope that people will recognize the value of the home.? But I am a motivated seller and the house?WILL be sold Saturday night to the highest bidder!"? (I held my Open House on Friday and Saturday).? 

?

The highest bidder weighed in at $219,000 or something, whereas I bought my house 2 1/2 years ago for $226,000.? I was so tempted to change the rules because I could see myself losing money.? But I had told?callers what the process was?so I wanted to stay true to my word.? And my first purpose was to sell the house quickly, and that goal was achieved.? So with great sorrow I told the highest bidder I would phone him Monday and we could work the details out.? 

?

On Monday I called him and honestly explained that I would be losing money with the highest bid, and did not want to sell so low, was going to list with an agent, and wondered if he would be willing to go up to $226,000.??I would at least get what I paid for it, and he would get a house.? Unfortunately in the meantine he had changed his mind and decided he wasn't sure if he wanted a house or a condo.? So he backed out.? The second highest bid was something like $212,000 and I just couldn't go there.

?

I was very despondent, but as a result of the previous weeks' advertising 'blitz', more phone calls started coming in the week after, from people who had heard about the sale from word of mouth, or people who saw the flyer because they had checked their mail after the weekend.? I called each back and explained that I had received a highest bidder, but that the highest bidder backed out and the house was still for sale.? I told them I wanted at least $226,00 for the house.? I emailed whatever info they wanted and answered all their questions.

?

Out of all that post-5-Day Sale melee, emerged the "Real Buyer" - a young couple with children who loved the house and decided to buy it.? I sat down with them and we mutually agreed on $233,000.? This not only covers what I paid but will also cover lawyers fees plus the mortgage discharge fee my mortgage co. will charge me for breaking the term early.? Again I will not be making any money on this transaction, but my first purpose was to sell the house, as I am undergoing a career change and needed to move quickly.? This is what attracted me about the 5-Day Sale method, because it was fast.? It would have been nice to have gotten a bit more, but if you want to go by looking at 'Comp's' in my area,?I would have only been able to get perhaps a couple of thousand more, that's it.? I was never under any illusions in this market that I would be making?a huge profit on my house, although I hoped for the best, but I did at very least not want to lose money on it.

?

...and mission accomplished!

?

Tammy

Barrie, Ontario

Canada

?

?

?


----- Original Message ----- 

From: Leslie Michaels 

To: How To Sell Your Home in 5-Days 

Sent: Thursday, August 06, 2009 1:39 AM

Subject: Re: [5-DayForum] FEAR





Yes Bill, you are confusing me with someone else. I did not modify your methods, in fact I followed your book to the letter! My home is in an area where the market is moving; not like it did in the past, but homes are selling. I didn't pay too much for my house, nor are the upgrades that I've put in over the past year outpricing my home.? All we are saying is that, in this current real estate market, your methods aren't working.? You said yourself that if something consistently fails you would tell everyone not to use it. Well, we are here to tell you that your method is consistently failing, and that Craigslist isn't working either.? I am not looking for revenge, nor am I angry, I am just voicing my opinion, which is what a forum is all about.

BTW, Bill, I was absolutely tongue-in-cheek about having you come out here! You really didn't take me seriously did you?

?

Leslie


?



From: Bill Effros <bill at effros.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, August 5, 2009 11:38:40 PM
Subject: Re: [5-DayForum] FEAR

Janet,

You know I can't legally do that.? Maybe Leslie doesn't.

In fact, I have never taken money for helping people sell their homes, I make no money from maintaining this Forum, I take no advertising, I give no endorsements, and while I have probably earned a quarter of million dollars from the sale of the book, that is over a 22 year period, and it is hardly enough to sustain a family of 4.

I recommend a method I stumbled across when I was in trouble.? I honestly believe it is the best way for anyone to sell a home.? Friends and family ask for my help whenever they have homes to sell.? I have corresponded with literally thousands of people who have successfully used the method.? When someone tries something that works, I try it, too.? I am constantly modifying the Method as I learn to implement it better.? If something consistently fails, I tell everyone I know to not use a technique that has a lower success rate.

I am sorry if you and Leslie paid too much for the homes you are trying to sell, however you both seem intent on killing the messenger to get revenge.? That is really not helpful to FSBOs.

We are all living through difficult times.? The 5-Day Method does not change the market.? I answer a lot of questions, but it seems to me I told you from the outset that the modification you decided upon would not work--or do I have you confused with someone else?

Craigslist costs FSBOs nothing.? If they follow the central concepts in my book, and use only Craigslist, they can know in 3 days whether they can sell their homes for anything close to what they are hoping for--and if they can't, they should cancel the sale right then and there!? 

You can't fool the market!

Bill Effros
Author

Janetislight at aol.com wrote: 

Leslie,

?

Let me know if he takes you up on it.? LOL

?

Janet

?


In a message dated 8/5/2009 3:47:02 P.M. Central Daylight Time, artchr61 at yahoo.com writes:



Dear Bill,

I second the motion, and I will tell anyone thinking of doing a 5 day sale to think twice about buying your new book. Craigslist is obviously not the holy grail of advertising you're making it out to be. For example, when someone is searching for real estate on Craigslist, they put in a town?AND a price range. If you list your home for 24,500 no one will see it because no one will be searching at that price point.

By the way, Bill, since you've been running successful 5 day sales for the past 20 years, I would be more than happy to pay you a commission to come to my home and help me out!? Just let me know when to expect you!!

?

Leslie



From: "Janetislight at aol.com" <Janetislight at aol.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Wednesday, August 5, 2009 3:02:06 PM
Subject: Re: [5-DayForum] FEAR





This was my experience Exactly!? I did sell a home on Craigslist before, but it was at market price.? I'm sure those that saw my price on this last property just thought it was bull and moved on because no way would even a foreclosure sell for that amount in the neighborhood that my house was in.? If this next book is going to be about Craigslist only..... I'm not buying it.

?

Janet

?


In a message dated 8/5/2009 11:27:00 A.M. Central Daylight Time, artchr61 at yahoo.com writes:



I'm not quite sure what to make of all this right now. I know in?my neighborhood homes are selling and have sold in the 400,000-550,000 range. Some homes in my town are selling currently for quite a bit more, so this is not one of the depressed areas.? (I am in the north suburbs of Chicago) 

I tried the 5 day sale and listed my house in 3 major papers, Craigslist, and Kijiji. The newspapers are not only in print, but online versions as well. I followed Bill's layout exactly.? I have been told by 2?realtors that my home is worth about 500,000 in today's market; it would have been closer to 600,000 a few years ago. I listed my house for 249,500 (magic number!) but got no repsonses from any internet advertising, only from the newspapers. I got 8 calls from people, told them about my house and then emailed to them further information if they wanted more.? I ended up changing my 5 day sale to a traditional open house and informed the 8 people that contacted me about the change. Only 1 of those people showed up a my open house. >From signs I put out on the street I got an additional 6 families.

>From what I've read here on the forum, NO ONE is getting responses from Craigslist. Craigslist is not for people looking to spend a large amount of money. Craigslist is for people looking for deals on stuff, not real estate (not to mention all the scams?on Craigslist) I have only had luck on Craigslist when I am selling stuff at a bargain price or giving things away to clean out my garage. That's it.

Bill, if you think that Craigslist is the answer, you're on the wrong track. I don't think anyone here at the forum has had ANY success with Craigslist. And I think that putting a ridiculously low price on the house would just make people suspicious about scams and run down foreclosures, especially on Craigslist.

?

Leslie




From: Bill Effros <bill at effros.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, August 5, 2009 7:53:21 AM
Subject: Re: [5-DayForum] FEAR

Gary,

What is the rest of this story?

What do you think these properties are currently worth?

Let's start with property 2.

You had a complete failure with property 1 but you decided to try property 2 anyhow.

You imply it is worth at least $300,000, which would mean your starting price was $149,500.? 22 people showed up, you got 11 bids, and the highest one was $75,000.

I've been running 5 Day Sales for more than 20 years, and I've never heard of a single instance where people followed the method and the best price they were offered was 50% of a starting price that was 50% of current market value.

By the way, what did you pay for the property, and when did you buy it?

This Forum seems to have attracted a lot of speculators who paid more for properties than they are worth, and now want to blame the market for their miscalculations.

The successful speculators are making a fortune using the 5-Day Method, and many use it exclusively.? I hear from them constantly--many are selling multiple properties every single weekend.? They know what to pay, and they immediately turn around and sell.? If you look back in the archives, some of them pop up once or twice, but basically they have neither time nor interest in explaining what they are doing.? If you paid too much for the properties you are trying to sell, neither the? 5-Day Method nor anything else is going to bail you out.

Bill Effros
Author



Gary Noel wrote: 


Bill, have you run a 5 day sale in the last month?? I have!? A townhouse where nothing sold in the complex for less than $150,000 in the last 3 months, 6 months or year.? That includes the bank (trashed) REO's that sold in the complex.? There are two?properties that were listed on the MLS for $189,000 that are currently under contract.? We did the 5 day and the highest bid we received was $94,000.? The property is in great condition but yet the highest bid was $94,000.? By the way the trashed REO that sold less than 2 months ago sold for $150,000.? I don't remember how many window were broken nor the number of holes in the wall, etc.

?

And property number 2 we did a 5 day this last weekend.? No model like this sold for under $300,000 and the last one that sold was for $469,000 in this area.? The highest bid we received was $75,000.? We had a lot more than the 25 minimum calls, 22 people show up, 11 people put bid amounts and a high bid of $75,000 Sunday night.

?

Let me know how your 5 day goes.




From: Bill Barks <barks4444 at comcast.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Tuesday, August 4, 2009 3:04:01 PM
Subject: Re: [5-DayForum] FEAR

I disagree that the process is not working.? I think it is working.? The 
discrepancy in the price delivered through the 5-day sale and the price 
expected by the seller is that? there aren't buyers out there willing to pay 
what the seller thinks it is worth.? therefore the seller is wrong in their 
estimation.? In any market the house is only worth what someone is willing 
to pay for it.? So in fact the process is working .? it is identifying what 
the house is worth in your market at the time the sale is run.? Likely the 
number is what it sold for 10-12 years ago before the unjustified run-up in 
housing prices. -the bubble.

Some experts say the sub-prime mess is nothing compared to the "prime mess 
we are about to see.

I am having first hand experience with this - a 1.2 million dollar purchase 
in Nov '06 of 300' of western-facing waterfront - with a 2900'sq ft well 
constructed fully remodeled ranch house and 650' sq ft guest house. in a 
rural area of the Puget? Sound region of Western Washington state,. 
Currently there are 32 homes on the market in my price range with only 2 
sales since March.? ? Other than a 5-day sale, which I plan to run next 
week,? it is very difficult to ascertain the value of a property.? I ran 
some hypothetical "bargain" # s by a realtor in the area for 27 years --I 
asked " what about $ 850,000 ?- would that get buyers excited ?- his reply 
was "join the club, there are homes currently listed at 1/2 of what they 
were listed 1 year ago--and no interest.? the buyers just aren't there".

That is the real FEAR issue- buyers a afraid to buy what may likely turn out 
to be a depreciating liability , rather than an asset.? And what bank would 
want to loan in that situation?

So run the 5-day sale --to the book...and there will be your answer as to 
what your house is worth....and then make your plan accordingly --rather 
than on what you "wish" your home would sell for.




----- Original Message ----- 
From: "Steven Herbert" <sterbert at yahoo.com>
To: "How To Sell Your Home in 5-Days" 
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Tuesday, August 04, 2009 12:06 PM
Subject: Re: [5-DayForum] FEAR


I'm a little irritated. The BOOK claims that you can get the best possible 
price by using Bill's method--that hasn't been the case on this forum, for a 
long while). So SUCCESSES are being defined as any sell for any price ("at 
least you got an offer" kind of success).

Knowing the best advertising in your area is a complicated process. 
Advertising rules have changed in Tacoma--Seattle area (1 newspaper just 
retired itself) and few hits came from Craigslist. No system is perfect so I 
don't believe as religious truth that "3 real buyers" will show up if you 
price the house at 50% ... b/c folks actually believe that 50% is a 
possiblity.

Just my thoughts and opinions. I'm here on the forum listening for info but 
I listed w/flat-fee MLS just recently.

Steven


--- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com> wrote:

> From: Gary Noel <gnoel88 at yahoo.com>
> Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in 5-Days" 
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Tuesday, August 4, 2009, 1:53 PM
> Hi
> Rosemarie,
>
> You mentioned something about having two successful
> auctions. Can you share with us what you did to have
> such a wonderful experience? I've personally tried
> two so far and advertised in many ways Bills'
> doesn't mention. For example, passing out flyers
> and putting up signs on street corners. In tracking
> the calls very few came from the newspaper and internet
> while most all came from the flyers and signs. Even
> though I had 22 people come to the auction with 11 initial
> biders, the top bid was about one third of the current
> value. So my question to anyone who can help is: what
> can be done to get the bid up to a little closer to market
> value? Nothing in the area has sold for less than four
> times the highest bid we received on this model.
>
>
>
>
>
> From:
> rosemarie-fred <rosemarie-fred at mindspring.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent:
> Tuesday, August 4, 2009 7:01:56 AM
> Subject: Re:
> [5-DayForum] FEAR
>
>
> #yiv206810613 DIV {
> MARGIN:0px;}
>
>
> Leslie -
> There are lots of success
> stories. You haven't been on this forum very long, or
> you would know that Bill does read it and weighs in when he
> thinks it's worth it. Since this forum is about his
> methods, I think we should be a little more polite about it,
> at least!
> I have had two successful
> sales, and am planning another. If you read the archives you
> will find plenty of them.
> There are factors that
> affect how things work that have nothing to do with the
> book, but Bill always says that if you run the sale
> according to his methods you will find out the value of the
> house to the marketplace at that time. The 5-day sale is
> usually ahead of the rest of the market.
> Bill is now working on the
> fourth edition, which may be why we are not hearing from him
> as much as usual. I know we are all interested to know what
> he will change. I know there will be more emphasis on
> internet advertising.
> Let us know if you are
> successful with the realtor.
> Rosemarie
>
> ----- Original Message -----
>
> From: Leslie Michaels
>
> To: How
> To Sell Your Home in 5-Days
> Sent: Monday, August
> 03, 2009 11:39 PM
> Subject: Re:
> [5-DayForum] FEAR
>
>
>
> I would have to say that the book is very out dated
> for this real estate economy. I have yet to hear of any real
> positive feedback in favor of the book and the methods it
> promotes. I think the forum is a great way to find out what
> really works, not what Bill Effros wrote...(maybe he should
> be reading this forum as well!) I followed the
> book with regards to newspaper ads and some signs but it was
> very disappointing. I spent nearly 600.00 in advertising
> with nothing to show. Flyers probably wouldn't work in
> my area since most people around here just throw them away.
> I live in an upper middle class town near Chicago and
> I've tried the flat fee MLS with some showings and no
> offers, Bill's book with no success at all, and now
> I'm going with a full service realtor at the end of
> the month. Homes in my area are selling with full
> service realtors, so I'm going that route and hopefully
> I can sell my house by the end of the year. I
>? personally won't waste any more time or money with
> Bill's plan, but if anyone out there has a good success
> story, I'd love to hear it!!
>
> Leslie
>
>
>
>
> From: Gary
> Noel <gnoel88 at yahoo.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Monday,
> August 3, 2009 10:25:42 PM
> Subject: Re:
> [5-DayForum] FEAR
>
>
>
> Actually I'm not sure when would be the best time
> to have the auction. But I will add this. The
> flyers and signs were by far the biggest draw.
> We'll figure out what works and what doesn't.
> It may be just doing something completely different that the
> book does have in it.
>
>
>
>
>
> From:
> Stephanie Glazar <sglazar at yahoo.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Monday,
> August 3, 2009 6:57:58 PM
> Subject: Re:
> [5-DayForum] FEAR
>
>
>
>
>
>
> Thanks for your story Gary!
> After sending the email, I've had some time to
> think. The truly scary thing would be to be stuck with
> the property for another winter with the 200 dollar monthly
> heating bill and the 600 dollar mortgage and the garbage
> bill, taxes, etc.! I'm here at a Panera's
> reading the book from cover to cover. I had just read
> enough to be interested. My realtor showed my home to
> only 3 people in a year.....actually, it was one until I
> complained and in June 2 more people were shown my
> home. I got out of my contract and the
> home's got to go. I like your idea about
> flyers in the neighborhood. I'm going to do that!
>
>
> I was aiming for the end of August. Do you
> suppose that's a better date than the first week of
> September?
> Stephanie
>
>
>
>
>
>
> Stephanie S.
> Glazar
> 412-443-5670
> (cell)
> sglazar at yahoo.com
>
> --- On Mon, 8/3/09, Gary Noel
> <gnoel88 at yahoo.com> wrote:
>
>
> From: Gary Noel <gnoel88 at yahoo.com>
> Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in 5-Days"
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Monday, August 3, 2009, 6:06 PM
>
>
>
>
>
>
> Hi Stephanie,
>
> We did 2 round robin auctions, one this last week end
> and th other two week ends ago. The first
> one was a townhouse in great condition. Nothing in the
> complex has sold under $150,000. Our highest offer was
> $94,000. The other property needed work but when fixed
> up would be worth in the $300's. I don't even
> want to tell you what the highest offer was.
>
> We passed out 1500 flyers door to door, put an ad in
> the paper, put signs on just about every street corner for
> blocks around the property, had a large orange sign in front
> of the property, rented a wind dancer to draw attention, had
> about 8 other signs in front of the property, had the strip
> of flags streched out. Yah, it was a little
> disappointing. But we will probably try it again on
> another property and try a few things differently to see if
> we can get better results. I believe this method
> should work. I just don't know what the missing
> link is yet.
>
>
> Gary
>
>
>
>
>
> From:
> Stephanie Glazar <sglazar at yahoo.com>
> To:
> 5-dayforum at howtosellyourhomein5days.com
> Sent: Sunday,
> August 2, 2009 11:19:20 PM
> Subject:
> [5-DayForum] FEAR
>
>
>
>
>
>
> 5-day forum,
> I am frightened that we will sell our house for much
> much less than what it is worth because of the market.
> My realtor only showed my home to 3 people in a year.
> I fought to have my contract voided because of that and
> won. Last year, August 2008, I had hopes of selling my
> home for $55,000. According to the book, I should set
> the price at one-half that, at $27,000 and then drop down to
> the magic 500 number, so my ad should read $26,500. I
> am very worried that this would be what my house would sell
> at. I need $23,300.00 to pay off the home equity loan
> attached to the home.
>
> The book I bought was copyrighted, 2007. Does
> this method hold true for this terrible real estate market
> in 2009? I would appreciate any positive comment.
>
> Stephanie
>
>
>
>
>
> Stephanie S.
> Glazar
> 412-443-5670
> (cell)
>
>
> sglazar at yahoo.com
>
>
> -----Inline Attachment Follows-----
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
>
>
>
>
>
>
>
>
>
>
>
> -----Inline Attachment Follows-----
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>




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From gnoel88 at yahoo.com  Thu Aug  6 20:43:16 2009
From: gnoel88 at yahoo.com (Gary Noel)
Date: Thu, 6 Aug 2009 17:43:16 -0700 (PDT)
Subject: [5-DayForum] FEAR
In-Reply-To: <4A7980C1.40203@effros.com>
References: <954750.90828.qm@web30201.mail.mud.yahoo.com>
	<030b01ca153e$b5d6f680$6801a8c0@FAMILYROOM>
	<689981.77496.qm@web59507.mail.ac4.yahoo.com>
	<4A7980C1.40203@effros.com>
Message-ID: <760560.92403.qm@web59508.mail.ac4.yahoo.com>

Bill, property one is a townhouse that has 3 or 4 bedrooms depending on whether you use the room down stairs as a bedroom.? The room on the same level as the garage.? The lowest comp, including the 2 bedroom townhouses in the complex sold for $150,000 which was a trashed bank owned property.? All other properties have sold higher.? There are two properties with contracts pending that were on the market for $189,900.? We won't know what they sold for until they close.

Property two, the last property of this model sold for $469,000.? This property is a two level with 4 bedrooms and 2.5 baths.? Other properties (smaller 3 bedrooms, 1 baths) are selling in the high $200,000's low $300,000's.? The lower priced properties are REO, and short sale properties.? Again, these properties are much less desireable properties.

The property we tried the 5 day on is a short sale and needs work.? But there isn't anything in this area that sold for less than the high $200,000's no matter who was selling it, vacant or occupied, REO or short sale, needs rehab, light work or in good condition.

So the only thing I can think of is we're doing something wrong.? I just have to figure out what it is and correct it.




________________________________
From: Bill Effros <bill at effros.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, August 5, 2009 7:53:21 AM
Subject: Re: [5-DayForum] FEAR

Gary,

What is the rest of this story?

What do you think these properties are currently worth?

Let's start with property 2.

You had a complete failure with property 1 but you decided to try property 2 anyhow.

You imply it is worth at least $300,000, which would mean your starting price was $149,500.? 22 people showed up, you got 11 bids, and the highest one was $75,000.

I've been running 5 Day Sales for more than 20 years, and I've never heard of a single instance where people followed the method and the best price they were offered was 50% of a starting price that was 50% of current market value.

By the way, what did you pay for the property, and when did you buy it?

This Forum seems to have attracted a lot of speculators who paid more for properties than they are worth, and now want to blame the market for their miscalculations.

The successful speculators are making a fortune using the 5-Day Method, and many use it exclusively.? I hear from them constantly--many are selling multiple properties every single weekend.? They know what to pay, and they immediately turn around and sell.? If you look back in the archives, some of them pop up once or twice, but basically they have neither time nor interest in explaining what they are doing.? If you paid too much for the properties you are trying to sell, neither the? 5-Day Method nor anything else is going to bail you out.

Bill Effros
Author



Gary Noel wrote: 
Bill, have you run a 5 day sale in the last month?? I have!? A townhouse where nothing sold in the complex for less than $150,000 in the last 3 months, 6 months or year.? That includes the bank (trashed) REO's that sold in the complex.? There are two?properties that were listed on the MLS for $189,000 that are currently under contract.? We did the 5 day and the highest bid we received was $94,000.? The property is in great condition but yet the highest bid was $94,000.? By the way the trashed REO that sold less than 2 months ago sold for $150,000.? I don't remember how many window were broken nor the number of holes in the wall, etc.
>
>And property number 2 we did a 5 day this last weekend.? No model like this sold for under $300,000 and the last one that sold was for $469,000 in this area.? The highest bid we received was $75,000.? We had a lot more than the 25 minimum calls, 22 people show up, 11 people put bid amounts and a high bid of $75,000 Sunday night.
>
>Let me know how your 5 day goes.
>
>
>
>
________________________________
From: Bill Barks <barks4444 at comcast.net>
>To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
>Sent: Tuesday, August 4, 2009 3:04:01 PM
>Subject: Re: [5-DayForum] FEAR
>
>I disagree that the process is not working.? I think it is working.? The 
>discrepancy in the price delivered through the 5-day sale and the price 
>expected by the seller is that? there aren't buyers out there willing to pay 
>what the seller thinks it is worth.? therefore the seller is wrong in their 
>estimation.? In any market the house is only worth what someone is willing 
>to pay for it.? So in fact the process is working .? it is identifying what 
>the house is worth in your market at the time the sale is run.? Likely the 
>number is what it sold for 10-12 years ago before the unjustified run-up in 
>housing prices. -the bubble.
>
>Some experts say the sub-prime mess is nothing compared to the "prime mess 
>we are about to see.
>
>I am having first hand experience with this - a 1.2 million dollar purchase 
>in Nov '06 of 300' of western-facing waterfront - with a 2900'sq ft well 
>constructed fully remodeled ranch house and 650' sq ft guest house. in a 
>rural area of the Puget? Sound region of Western Washington state,. 
>Currently there are 32 homes on the market in my price range with only 2 
>sales since March.? ? Other than a 5-day sale, which I plan to run next 
>week,? it is very difficult to ascertain the value of a property.? I ran 
>some hypothetical "bargain" # s by a realtor in the area for 27 years --I 
>asked " what about $ 850,000 ?- would that get buyers excited ?- his reply 
>was "join the club, there are homes currently listed at 1/2 of what they 
>were listed 1 year ago--and no interest.? the buyers just aren't there".
>
>That is the real FEAR issue- buyers a afraid to buy what may likely turn out 
>to be a depreciating liability , rather than an asset.? And what bank would 
>want to loan in that situation?
>
>So run the 5-day sale --to the book...and there will be your answer as to 
>what your house is worth....and then make your plan accordingly --rather 
>than on what you "wish" your home would sell for.
>
>
>
>
>----- Original Message ----- 
>From: "Steven Herbert" <sterbert at yahoo.com>
>To: "How To Sell Your Home in 5-Days" 
><5-dayforum at mailman.howtosellyourhomein5days.com>
>Sent: Tuesday, August 04, 2009 12:06 PM
>Subject: Re: [5-DayForum] FEAR
>
>
>I'm a little irritated. The BOOK claims that you can get the best possible 
>price by using Bill's method--that hasn't been the case on this forum, for a 
>long while). So SUCCESSES are being defined as any sell for any price ("at 
>least you got an offer" kind of success).
>
>Knowing the best advertising in your area is a complicated process. 
>Advertising rules have changed in Tacoma--Seattle area (1 newspaper just 
>retired itself) and few hits came from Craigslist. No system is perfect so I 
>don't believe as religious truth that "3 real buyers" will show up if you 
>price the house at 50% ... b/c folks actually believe that 50% is a 
>possiblity.
>
>Just my thoughts and opinions. I'm here on the forum listening for info but 
>I listed w/flat-fee MLS just recently.
>
>Steven
>
>
>--- On Tue, 8/4/09, Gary Noel <gnoel88 at yahoo.com> wrote:
>
>> From: Gary Noel <gnoel88 at yahoo.com>
>> Subject: Re: [5-DayForum] FEAR
>> To: "How To Sell Your Home in 5-Days" 
>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Date: Tuesday, August 4, 2009, 1:53 PM
>> Hi
>> Rosemarie,
>>
>> You mentioned something about having two successful
>> auctions. Can you share with us what you did to have
>> such a wonderful experience? I've personally tried
>> two so far and advertised in many ways Bills'
>> doesn't mention. For example, passing out flyers
>> and putting up signs on street corners. In tracking
>> the calls very few came from the newspaper and internet
>> while most all came from the flyers and signs. Even
>> though I had 22 people come to the auction with 11 initial
>> biders, the top bid was about one third of the current
>> value. So my question to anyone who can help is: what
>> can be done to get the bid up to a little closer to market
>> value? Nothing in the area has sold for less than four
>> times the highest bid we received on this model.
>>
>>
>>
>>
>>
>> From:
>> rosemarie-fred <rosemarie-fred at mindspring.com>
>> To: How To
>> Sell Your Home in 5-Days
>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Sent:
>> Tuesday, August 4, 2009 7:01:56 AM
>> Subject: Re:
>> [5-DayForum] FEAR
>>
>>
>> #yiv206810613 DIV {
>> MARGIN:0px;}
>>
>>
>> Leslie -
>> There are lots of success
>> stories. You haven't been on this forum very long, or
>> you would know that Bill does read it and weighs in when he
>> thinks it's worth it. Since this forum is about his
>> methods, I think we should be a little more polite about it,
>> at least!
>> I have had two successful
>> sales, and am planning another. If you read the archives you
>> will find plenty of them.
>> There are factors that
>> affect how things work that have nothing to do with the
>> book, but Bill always says that if you run the sale
>> according to his methods you will find out the value of the
>> house to the marketplace at that time. The 5-day sale is
>> usually ahead of the rest of the market.
>> Bill is now working on the
>> fourth edition, which may be why we are not hearing from him
>> as much as usual. I know we are all interested to know what
>> he will change. I know there will be more emphasis on
>> internet advertising.
>> Let us know if you are
>> successful with the realtor.
>> Rosemarie
>>
>> ----- Original Message -----
>>
>> From: Leslie Michaels
>>
>> To: How
>> To Sell Your Home in 5-Days
>> Sent: Monday, August
>> 03, 2009 11:39 PM
>> Subject: Re:
>> [5-DayForum] FEAR
>>
>>
>>
>> I would have to say that the book is very out dated
>> for this real estate economy. I have yet to hear of any real
>> positive feedback in favor of the book and the methods it
>> promotes. I think the forum is a great way to find out what
>> really works, not what Bill Effros wrote...(maybe he should
>> be reading this forum as well!) I followed the
>> book with regards to newspaper ads and some signs but it was
>> very disappointing. I spent nearly 600.00 in advertising
>> with nothing to show. Flyers probably wouldn't work in
>> my area since most people around here just throw them away.
>> I live in an upper middle class town near Chicago and
>> I've tried the flat fee MLS with some showings and no
>> offers, Bill's book with no success at all, and now
>> I'm going with a full service realtor at the end of
>> the month. Homes in my area are selling with full
>> service realtors, so I'm going that route and hopefully
>> I can sell my house by the end of the year. I
>>? personally won't waste any more time or money with
>> Bill's plan, but if anyone out there has a good success
>> story, I'd love to hear it!!
>>
>> Leslie
>>
>>
>>
>>
>> From: Gary
>> Noel <gnoel88 at yahoo.com>
>> To: How To
>> Sell Your Home in 5-Days
>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Sent: Monday,
>> August 3, 2009 10:25:42 PM
>> Subject: Re:
>> [5-DayForum] FEAR
>>
>>
>>
>> Actually I'm not sure when would be the best time
>> to have the auction. But I will add this. The
>> flyers and signs were by far the biggest draw.
>> We'll figure out what works and what doesn't.
>> It may be just doing something completely different that the
>> book does have in it.
>>
>>
>>
>>
>>
>> From:
>> Stephanie Glazar <sglazar at yahoo.com>
>> To: How To
>> Sell Your Home in 5-Days
>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Sent: Monday,
>> August 3, 2009 6:57:58 PM
>> Subject: Re:
>> [5-DayForum] FEAR
>>
>>
>>
>>
>>
>>
>> Thanks for your story Gary!
>> After sending the email, I've had some time to
>> think. The truly scary thing would be to be stuck with
>> the property for another winter with the 200 dollar monthly
>> heating bill and the 600 dollar mortgage and the garbage
>> bill, taxes, etc.! I'm here at a Panera's
>> reading the book from cover to cover. I had just read
>> enough to be interested. My realtor showed my home to
>> only 3 people in a year.....actually, it was one until I
>> complained and in June 2 more people were shown my
>> home. I got out of my contract and the
>> home's got to go. I like your idea about
>> flyers in the neighborhood. I'm going to do that!
>>
>>
>> I was aiming for the end of August. Do you
>> suppose that's a better date than the first week of
>> September?
>> Stephanie
>>
>>
>>
>>
>>
>>
>> Stephanie S.
>> Glazar
>> 412-443-5670
>> (cell)
>> sglazar at yahoo.com
>>
>> --- On Mon, 8/3/09, Gary Noel
>> <gnoel88 at yahoo.com> wrote:
>>
>>
>> From: Gary Noel <gnoel88 at yahoo.com>
>> Subject: Re: [5-DayForum] FEAR
>> To: "How To Sell Your Home in 5-Days"
>> <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Date: Monday, August 3, 2009, 6:06 PM
>>
>>
>>
>>
>>
>>
>> Hi Stephanie,
>>
>> We did 2 round robin auctions, one this last week end
>> and th other two week ends ago. The first
>> one was a townhouse in great condition. Nothing in the
>> complex has sold under $150,000. Our highest offer was
>> $94,000. The other property needed work but when fixed
>> up would be worth in the $300's. I don't even
>> want to tell you what the highest offer was.
>>
>> We passed out 1500 flyers door to door, put an ad in
>> the paper, put signs on just about every street corner for
>> blocks around the property, had a large orange sign in front
>> of the property, rented a wind dancer to draw attention, had
>> about 8 other signs in front of the property, had the strip
>> of flags streched out. Yah, it was a little
>> disappointing. But we will probably try it again on
>> another property and try a few things differently to see if
>> we can get better results. I believe this method
>> should work. I just don't know what the missing
>> link is yet.
>>
>>
>> Gary
>>
>>
>>
>>
>>
>> From:
>> Stephanie Glazar <sglazar at yahoo.com>
>> To:
>> 5-dayforum at howtosellyourhomein5days.com
>> Sent: Sunday,
>> August 2, 2009 11:19:20 PM
>> Subject:
>> [5-DayForum] FEAR
>>
>>
>>
>>
>>
>>
>> 5-day forum,
>> I am frightened that we will sell our house for much
>> much less than what it is worth because of the market.
>> My realtor only showed my home to 3 people in a year.
>> I fought to have my contract voided because of that and
>> won. Last year, August 2008, I had hopes of selling my
>> home for $55,000. According to the book, I should set
>> the price at one-half that, at $27,000 and then drop down to
>> the magic 500 number, so my ad should read $26,500. I
>> am very worried that this would be what my house would sell
>> at. I need $23,300.00 to pay off the home equity loan
>> attached to the home.
>>
>> The book I bought was copyrighted, 2007. Does
>> this method hold true for this terrible real estate market
>> in 2009? I would appreciate any positive comment.
>>
>> Stephanie
>>
>>
>>
>>
>>
>> Stephanie S.
>> Glazar
>> 412-443-5670
>> (cell)
>>
>>
>> sglazar at yahoo.com
>>
>>
>> -----Inline Attachment Follows-----
>>
>>
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>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>> _______________________________________________
>> 5-DayForum mailing list
>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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>> _______________________________________________
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From juliegorman at bellsouth.net  Fri Aug  7 11:05:26 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Fri, 07 Aug 2009 15:05:26 +0000
Subject: [5-DayForum] 41 contacts so far!!!
In-Reply-To: <4A7B47F8.104@effros.com>
References: <c61.5132d2a5.37aae225@aol.com>	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>	<4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl>	<4A7A5689.9060800@effros.com><080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>	<4A7AD96B.9050203@effros.com><080620091529.13134.4A7AF6DC000CFCD40000334E22243323629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>	<4A7B34EF.1060306@effros.com><080620092038.24213.4A7B3F2F000AED3F00005E9522193100029B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<4A7B47F8.104@effros.com>
Message-ID: <080720091505.29279.4A7C42B400057CED0000725F22218675169B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

Hello. Just a quick update--we have 41 contacts so far: 25 from Craig's list, 3 from Facebook, 9 From Flyers, and  4 from our ads. 

I do have 3 quick questions--People are wanting to have a title search done. Is that something I should provide at the inspection? Or just let all of them do their own prior to our open house? 

Also, how many copies of the restrictions/covenants for our subdivision should I have printed for the Open House/Inspection?

I've printed 100 copies of the quick description, detailed description, and the rules to the sale, but with this many calls thus far, do you think that will that be enough?

I know there are 3 real buyers in there somewhere. Everyone I've talked to really loves the concept of what we are doing and are looking forward to seeing our home! 

YEAH!  :)
Julie from Kentucky


-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I would start contacting people now.  Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"

I like busy sales because you never get bored, and you don't start second guessing yourself.

Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.

Make sure you have enough help, and that everyone is singing the same tune.

Don't think you can spot the real buyers in the crowd.  You can't.

People will be testing you to see if you're honest.  Be yourself.  They're just people, and one of them is going to buy your home.

Pace yourself.

Keep the cards and letters coming,

Bill Effros
Author

juliegorman at bellsouth.net wrote: 
YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 

>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?

Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)

I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 

I'm SELLING MY HOUSE SUNDAY! YAHOO!

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I have always given the address immediately.  In the old days that would result in lines of cars circling the house before the sale, but so what?  Nobody got in the front door before 10 on Saturday.

The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.  The Method I pass on has worked best for the most people.  That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

Using the traditional method, people were not averaging 1 response per week.  Now you have 17 people to talk to in less than 2 days.  There is a fair deal somewhere in this mix, and all you have to do is find it.

Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest price.  There is absolutely nothing wrong with that.  Every seller wants to sell for the highest possible price.  There is absolutely nothing wrong with that, either.  Most people are incredibly honest, and that honesty has an aura anyone can pick up.  And they pick up your aura, too.

If you can establish trust in what you are doing, real buyers will step up and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are buying foreclosures from banks at 60% of current value.  They don't need your home at this time.  Most of the people who attend your sale will be a lot like you.  Treat them as you would want to be treated.

It is a whole lot of work for 5 days, but you can always make it pay off.  You are well on your way.

Bill Effros
Author



juliegorman at bellsouth.net wrote: 
YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?

Julie
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 
Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 
Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 
I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

Janet


In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 
I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

Well, here's where our story stands right now.  

We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/



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Get back to school stuff for them and cashback for you. Try BingT now. 

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From Janetislight at aol.com  Fri Aug  7 11:14:36 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Fri, 7 Aug 2009 11:14:36 EDT
Subject: [5-DayForum] 41 contacts so far!!!
Message-ID: <be5.5b6f23bd.37ad9edc@aol.com>

They need to do their own title search if they end up buying the  house.  
This is generally a contingency upon buying, just like  financing is for you.
 
I've never heard of the seller paying for the title search, but maybe where 
 you are it's different?  I've been in real estate in 5 states and have not 
 come against that ever.
 
I would make the same number of copies that you have made.  I'd keep  it at 
100 and you can always print more for the second day or have a helper  
print up some.
 
Your excitement is contagious!
 
Janet
 
 
In a message dated 8/7/2009 10:10:09 A.M. Central Daylight Time,  
juliegorman at bellsouth.net writes:




Hello. Just a quick update--we have 41 contacts so far: 25 from  Craig's 
list, 3 from Facebook, 9 From Flyers, and  4 from our ads. 
 
I do have 3 quick questions--People are wanting to have a title  search 
done. Is that something I should provide at the inspection? Or just let  all of 
them do their own prior to our open house? 
 
Also, how many copies of the restrictions/covenants for our subdivision  
should I have printed for the Open House/Inspection?
 
I've printed 100 copies of the quick description, detailed description,  
and the rules to the sale, but with this many calls thus far, do you  think 
that will that be enough?
 
I know there are 3 real buyers in there somewhere. Everyone I've talked  to 
really loves the concept of what we are doing and are looking forward to  
seeing our home! 
 
YEAH!  :)
Julie from Kentucky
 
 

--------------  Original message from Bill Effros <bill at effros.com>: 
--------------  

Julie,

I would  start contacting people now.  Tell them you didn't want to give 
out  your address until you were sure you would get 25 responses by Friday 
night,  and now you have 28 so you are going to tell everyone "it's a go!"

I  like busy sales because you never get bored, and you don't start second  
guessing yourself.

Let them all know you're going to sell your home  to the high bidder Sunday 
night, and that they are bidding against each  other, not against you.

Make sure you have enough help, and that  everyone is singing the same tune.

Don't think you can spot the real  buyers in the crowd.  You can't.

People will be testing you to  see if you're honest.  Be yourself.  They're 
just people, and one  of them is going to buy your home.

Pace yourself.

Keep the  cards and letters coming,

Bill Effros
Author

_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)  wrote:   
YAHOO! I have 28 calls now...guess that means I'm holding a sale come  
Sunday. 
 
>From your last letter Bill it sounded like it would be ok for  me to 
contact the individuals and let them know the address; is that  right? If I do...I 
guess that means I can begin giving out the physical  location to future 
callers as well. Or should I just continue doing what  I'm doing and call 
everyone tomorrow night as I originally said I would--I  don't want them to 
think I'm changing the rules as I go. Any  advice?
 
Thus far (and it's only Thursday afternoon where I live) I have  received 
16 calls from Craig's list, 9 from Flyers, and 3 from ads. The  ads we're 
running on Saturday and Sunday will be front page of the courier  journal (we 
lucked out with some open spaces...again yahoo). there  readership is 400,000 
on the weekends...Is it possible we could  have too many people show up? I 
guess I'd love to have to face that  hurdle! :)
 
I have been praying very feverishly, following Bill's advice, and  
believing God is really going to bless this sale! Thanks for all the  recent 
encouragement. I'll keep you posted as I go! 
 
I'm SELLING MY HOUSE SUNDAY! YAHOO!
 
Julie from Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Julie,

I have always given  the address immediately.  In the old days that would 
result in  lines of cars circling the house before the sale, but so what?   
Nobody got in the front door before 10 on Saturday.

The whole  idea here is that you sell your home in 5 days for the most you 
can  possibly get on the day you pick.  The Method I pass on has worked  
best for the most people.  That doesn't mean that individual  variations can't 
work out, only that I have heard about a lot of sales,  and tried to come up 
with one coherent explanation that has had the  greatest success ratio.

Using the traditional method, people were  not averaging 1 response per 
week.  Now you have 17 people to talk  to in less than 2 days.  There is a fair 
deal somewhere in this  mix, and all you have to do is find it.

Take Rosemarie's advice  to heart.  Every buyer wants to buy for the lowest 
price.   There is absolutely nothing wrong with that.  Every seller wants 
to  sell for the highest possible price.  There is absolutely nothing  wrong 
with that, either.  Most people are incredibly honest, and  that honesty has 
an aura anyone can pick up.  And they pick up your  aura, too.

If you can establish trust in what you are doing, real  buyers will step up 
and talk to you.  Listen to everyone.   Treat everyone well.  The sharks 
are buying foreclosures from banks  at 60% of current value.  They don't need 
your home at this  time.  Most of the people who attend your sale will be a 
lot like  you.  Treat them as you would want to be treated.

It is a  whole lot of work for 5 days, but you can always make it pay off.  
 You are well on your way.

Bill  Effros
Author



_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)  wrote:  
YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from  flyers. 
So far everyone is really excited and can't wait to find out  our address. I 
did run into a situation where 2 of the potential  buyers really wanted an 
address because they are looking in my area  today...but I held to our 
position that we are trying to be fair to  all potential buyers so we are not 
releasing our physical location  until Friday evening but that I would contact 
them by phone Friday  evening with directions. They seemed frustrated, again 
only 2 out of  17, but should I have given them more info?
 
Julie

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) : --------------  

Julie,

The  process is daunting in the best of times -- whether you do it by  
yourself or not.

7 responses from Craigslist is a good  sign.

It does not mean you will get what you are hoping  for.

It does mean there are plenty of people interested in  buying your home at 
the current market value.

Stop hoping and  praying for 40 responses by Friday night.  Whether you get 
25  or 52 doesn't really matter.  The fact that you got 7 from  Craigslist 
immediately is the best news you could get.

If it  doesn't fill out to 25 by Friday night you must know what you are  
going to do.  You are not going to say "well, 23 is good  enough."

You have only 2 viable options -- either you tell  everyone who has 
responded that you are going to run the sale next  weekend if you get the rest of 
the responses you need, or you are  going to tell everyone that you cannot 
sell your home at this time  using this method, but you are still interested 
in selling your  home.

So, at the end of day 3, if you had advertised solely  in Craigslist, you 
would have spent nothing, but you would know a  lot more than if you had 
signed up with a broker for 6 months or a  year.

If you decide not to sell your home in 5-Days at this  time, and no one 
else responds, you have located 13 potential buyers  at virtually no cost.  
Very few brokers bring 13 potential  buyers to any home for sale in a year -- 
good times or bad -- and  their contracts stipulate that they "own" those 
buyers, even if the  buyer later buys directly from you at a price 
substantially lower  than the price listed in the contract, the broker still gets a  
commission.

Work with the 13 potential buyers.  Talk to  them.  Email them.  Be 
completely honest with them.   See if you can find a fair deal with any of them.

If not,  wait 3 months and start the 5-Day Method again, to see if the 
market  is any better.

If you locate 25 potential real buyers, and  you decide to run your 5-Day 
Sale, you must commit, in your own  mind, to following through on Sunday 
night.  Buyers can hear  from your answers whether you are truly going to sell 
to the high  bidder, or if you view the 5-Day Method as just a "bait and  
switch".  If it sounds like a "bait and switch" the real buyers  will head for 
the exit without ever leaving a bid.  You would,  too.  You can't get the 
highest possible bid without honestly  committing to the sale.

Here we get to a tricky part -- I am  not your lawyer.  And just as I 
cannot sell Janet's house for  her without putting myself in peril, I also cannot 
give you legal  advise without putting myself in peril.

Let me just state  some facts:

1.  A lot of lawyers don't know what they  are talking about.  (50% of them 
graduated from law school in  the bottom half of their class.)
2.  The laws in most states  protect FSBOs.  You are not a professional.  
You do not  have a license.  You are trying to do things right.
3.   The starting price in an "or best offer" ad is not legally  binding.
4.  Nobody actually "sells" their home until the  "closing".
5.  All you are really trying to do is "make a  deal" Sunday night--and you 
make a non-binding promise to strike  that deal with the high bidder.
6.  The buyer can back out  of the deal right up to the closing.
7.  The seller can back  out of the deal right up to the closing.
8.  Numerous other  parties can kill the deal, even if the buyer and seller 
both want to  go through with it.

Nobody can get you the price you want if  the market will not support that 
price.  If you use the 5-Day  Method you can get the current market price in 
5-Days--every  time--if you just stick closely to the method.  The method  
"succeeds" every time for those who use it properly.  The  negative comments 
you read on this forum come from people who blame  the market for their 
mistakes.  They all could have sold their  homes in 5 Days if they were 
prepared to take the current market  value. 

You can, too.  You are well on your way.  I  wish you could get today what 
you could have gotten for your home 3  years ago.  But you can't.  And no 
one else can  either.

5-Day Sales are emotionally draining.  They  compress a lot of major 
financial decisions into a short time  frame.  It would appear you are well on 
your way to being able  to sell your home in 5-Days, provided only you work out 
any  difference between the current market value and the least you are  
able to take.  If you view your 5-Day Sale through this lens  you will be 
offered the most anyone will offer for your home at this  time.

Decide now if you are going to take the offer.  If  not, do not follow 
through with the Inspection and Round Robin--do  something else Friday 
night--you are still far ahead of the game at  minimal cost.

Bill  Effros
Author








_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)  wrote:  
Just thought I'd jump in here...I certainly am not a  pro...but I placed an 
ad on Craigslist today and received 7  responses...Is that good? 
 
So far, between flyers, an ad in the newspaper, and  Craigslist I have 13 
responders in one day? I am hoping and  praying for at least 40 by Friday 
night, with a minimum of the  necessary 25. 
 
This process is a little scary. I was hoping to find more  encouragement on 
this Forum. I understand telling the bad with the  good. But when you are 
doing something that you are already  fearful about...it sure would be good 
to have a little more  assurance of the truth.
 
The truth is until a formal contract is signed neither I nor  the buyer are 
bound to the bidding process.--is that true?
 
The truth is if this process doesn't work...I have the names  and numbers 
of realtors...investors...and individuals who have  expressed interest in my 
home that I can respond back to at a  later time--is that true?
 
The truth is if I commit to this process...I will know by  Sunday evening a 
very close estimate to what buyers say the value  of my home is for that 
time and date...and I have the choice to  either accept or reject their 
evaluation...of course with the  understanding that I WILL take the highest bid 
Sunday evening, as  long as it meets the banks highest bid of what I owe on 
it--is  that true?
 
Please encourage me! This process is daunting the first time  and just need 
a little encouragement from anyone who has had  success.
 
Julie from Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Agreed.

But it tells  you everything you need to know.

If you want to sell it  now you can only get the current market price.  No 
one can  say if that price will be higher or lower 3 months from now, or  6 
months from now.

You can play around with 5 Day ads on  Craigslist for nothing.

Always start them late Tuesday  night.  If you don't have 2 or 3 responses 
by noon  Wednesday, pull the ad and think over what that means.  It  doesn't 
necessarily mean you can't sell your home, and it  doesn't necessarily mean 
you can't get twice the starting  price.

But would you take twice the starting price? or  90% of what you are hoping 
for?  or 80%?

At 1/2  current market price there should be a lot of enthusiasm, and  the 
fast hit you get on Craigslist means failing to get 2 or 3  responses by 
noon Sunday must be interpreted as not enough  enthusiasm.

I know you have been honestly trying to work  this out, and you know I have 
never seen a housing market  situation like the one we're in.  I'll keep 
thinking out  loud with you, if you like.  At some point you'll know what  you 
have to do.

Bill Effros
Author

j  crafor wrote:  
Agents here will NOT list for 3 months, unless there is an  automatic 3 
month extension. THEN, according to one contract I  read, there is ANOTHER 
three months beyond that that the  seller cannot sell to anyone without giving 
the agent a  commission, UNLESS it was re-listed with another agent. This  
was a contract from the agent that I had been working with for  15 years. 

That IS correct, which is why I  decided to do FSBO. 

The last agent that I talked  to, showed the house to at the open houes, 
immediately  wanted to list it, 7.5% commission, 9 month  listing....
No thanks. 

 
____________________________________
Date: Wed, 5 Aug 2009 10:34:07 -0400
From: _bill at effros.com_ (mailto:bill at effros.com) 
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home  is in a place where it has become extremely difficult to sell  
homes -- at any price.  Nobody knows what they are worth  at this time.  List 
with an agent for a limited time  period -- let's say 3 months.  See what 
happens.   Let us know.

I believe we are headed for a lot of  inflation.  Homes in some places will 
start to rise in  selling price.  But other homes will never be sold at any 
 price.

Just my opinion -- this is not my area of  expertise.

Bill Effros
Author

j crafor  wrote:  
I had only one response for the 5day from Craigslist,  and more for the 
standard open house on Craigslist.
Was  considering doing a 5day this coming weekend (in Tucson) but  will 
have a standard open house instead.  Sort of  considering listing with an  
agent...
JCrafor

 
____________________________________
From: _Janetislight at aol.com_ (mailto:Janetislight at aol.com) 
Date:  Wed, 5 Aug 2009 09:24:53 -0400
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

Yes, it would be interesting to know how to do this on  Craigslist, since I 
has zero responses from an ad placed as  laid out in the book.
 
Janet
 
 
 
In a message dated 8/4/2009 5:54:54 P.M. Central  Daylight Time, 
_bill at effros.com_ (mailto:bill at effros.com)  writes:

Sue,

You  already understand most of what you've got to  know.

The big change in the 4th edition is that it  is now possible to run a 
5-Day sale with zero advertising  cost.

All you need is Craigslist.

Start your  home at $24,500.  I know.  It sounds  crazy.

But you know you'll get more than 25  responses by Friday night, and some 
people who say they  will never leave St. Louis are going to drive out just 
to  see what's going on.  You will get the most you can  get for your home at 
the present time.

I have  started at absurd prices many times. Literally a zillion  people 
show up, and you must be ready for them.   There is no question that most of 
them cannot or will not  pay what you are hoping for.  But so what?  3  
people who know what your home is currently worth will pop  out of the crowd, bid 
against each other, and you will get  the most you can get for your home on 
the weekend you  pick.

Enough people have computers so that you no  longer have to take telephone 
calls.  You can do  everything on the web -- and the response is  
instantaneous.

Prepare materials to email back to  people before placing the ad.  You can 
send  pictures.  You can explain in detail how you will run  the sale.  
Because you get to write it all out in  advance, you can be sure everyone gets 
the same  information, and you can be sure you have said exactly  what you 
want to say.

I can't tell you exactly what  materials to provide in response to 
Craigslist inquiries  because I don't know yet.  I do know you will get an  
overwhelming number of responses, and virtually everyone  looking for a home like 
yours will know yours is available  and REALLY will be sold to the high bidder 
Sunday  night.

Unlike Bill, your home can certainly be sold  at this time.  Just like 
Bill, you can know exactly  what you've got to do in just 5 Days at no cost.

If  you start to develop "stock" internet responses to  Craigslist, let us 
know what they are, and how they  worked.

The Craigslist headline and body copy work  differently than newspaper 
5-Day Ads.  Again, let us  know what works.

Also, watch the resubmission rules  -- you don't want' to get frozen out of 
Craigslist in the  middle of your 5-Day Sale.  I generally try to run  one 
ad starting Tuesday night and deleting Thursday.   And an updating ad 
running Friday Saturday and  Sunday.  You should have 25 responses by Thursday  
night.

Let us know how it goes.  You're on the  right track.

Bill  Effros
Author



Sue Pruett wrote:  
I am a big fan of this method.  We used  the first book back in 1995 to 
sell our first  house, and it worked great!  I always knew we  would use this 
method for our second house.   Well, the time has come to sell our second  
house!  I purchased the book just about a  month ago.  However, I didn't 
realize there  was a third edition until about two weeks  ago.  The seller didn't 
inform me of this  fact!  I'm sure there is a lot in the third  edition 
that would have been helpful to us!
 
Well, here's where our story stands right  now.  
 
We live in Southern Illinois, across the  Mississippi from St. Louis.  
Homes in our  neighborhood have been selling in the upper $80's  in the past 4 
months.  When we compare our  home to these, some things are better in ours,  
some are worse.  Ours is larger than any of  them.  We had hoped to get 
about $90K, but  would have been more than satisfied with  $85K.  
 
We tried the sale two weeks ago with ads in  the only daily in town.  We 
got 4  calls.  We postponed the sale.  We were  able to advertise in two 
weeklies, in addition to  the daily.  We broke a big rule - we only had  17 calls 
by Friday, but went ahead with the  sale.  At least 12 of our callers were 
so  excited about the house, we thought we were good  to go.  Don't break 
that rule!  We only  had 5 families come to look, and only two bidders,  and 
one could not afford our starting  price.  We did get a $75K offer, and we  
agreed to sell it to her.
 
The other thing we did was start at $74,500,  because we were scared to 
start  lower.  I'm sure this also contributed  to fewer callers.  We arent' 
sure the  current buyer is going to come through.  We  should know by tonight.  
If she doesn't, we  are purchasing the third edition of the book, and  
doing it right!  We'll start at $49,500, and  we'll utilize the other 
advertising methods  discussed in the third edition.  I almost  wish the fourth 
edition was already out, as I'm  worried we are behind the times with the internet 
 advertising.  
 
I know I've gone on a long time, but I  do have a question - can anyone 
point me to  which internet advertising you all use.  I've  never used anything 
but ebay to sell over the  internet, and not for something like a  house!   
 I'd just like to get a picture  of how internet advertising works.  Thanks 
so  much for sticking with my story!


Sue  Pruett
32950 Delhi Road
Brighton, IL   62012
618-372-3501
Visit my blogs at _http://www.thecharlottemasongirl.com/_ 
(http://www.thecharlottemasongirl.com/) 
and  _http://www.illinoisgreenhome.com_ (http://www.illinoisgreenhome.com/) 
and  _http://parentingwithstyle.blogspot.com/_ 
(http://parentingwithstyle.blogspot.com/) 
 
 
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From gnoel88 at yahoo.com  Fri Aug  7 11:36:42 2009
From: gnoel88 at yahoo.com (Gary Noel)
Date: Fri, 7 Aug 2009 08:36:42 -0700 (PDT)
Subject: [5-DayForum] 41 contacts so far!!!
In-Reply-To: <080720091505.29279.4A7C42B400057CED0000725F22218675169B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
References: <c61.5132d2a5.37aae225@aol.com>
	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>
	<4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl>
	<4A7A5689.9060800@effros.com><080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<4A7AD96B.9050203@effros.com><080620091529.13134.4A7AF6DC000CFCD40000334E22243323629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<4A7B34EF.1060306@effros.com><080620092038.24213.4A7B3F2F000AED3F00005E9522193100029B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<4A7B47F8.104@effros.com>
	<080720091505.29279.4A7C42B400057CED0000725F22218675169B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
Message-ID: <284100.77692.qm@web59509.mail.ac4.yahoo.com>

Julie, did you use the ad Bill has in his book exactly the way he has laid it out or did you modify it slightly?? You seem to one of the few who have received more than a couple of calls off Craig's and I'd be interested to know what exactly you did.? I'd like to learn.? Would you be willing to share the ad with us?

Gary




________________________________
From: "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, August 7, 2009 10:05:26 AM
Subject: [5-DayForum] 41 contacts so far!!!


Hello. Just?a quick?update--we have 41 contacts so far: 25 from Craig's list, 3 from Facebook, 9 From Flyers, and? 4 from our ads. 

I do have?3 quick questions--People are wanting to have a title search done. Is that something I should provide at the inspection? Or just let all of them do their own prior to our open house? 

Also, how many copies of the restrictions/covenants for our subdivision should I have printed for the Open House/Inspection?

I've printed 100 copies of the quick description, detailed description, and the?rules to the sale, but with this many calls thus far, do you think that will that be enough?

I know there are 3 real buyers in there somewhere. Everyone I've talked to really loves the concept of what we are doing and are looking forward to seeing our home! 

YEAH!? :)
Julie from Kentucky


-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>
>Julie,
>
>I would start contacting people now.? Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"
>
>I like busy sales because you never get bored, and you don't start second guessing yourself.
>
>Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.
>
>Make sure you have enough help, and that everyone is singing the same tune.
>
>Don't think you can spot the real buyers in the crowd.? You can't.
>
>People will be testing you to see if you're honest.? Be yourself.? They're just people, and one of them is going to buy your home.
>
>Pace yourself.
>
>Keep the cards and letters coming,
>
>Bill Effros
>Author
>
>juliegorman at bellsouth.net wrote: 
>YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 
>>
>>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?
>>
>>Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)
>>
>>I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 
>>
>>I'm SELLING MY HOUSE SUNDAY! YAHOO!
>>
>>Julie from Kentucky
>>-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>>>
>>>Julie,
>>>
>>>I have always given the address immediately.? In the old days that would result in lines of cars circling the house before the sale, but so what?? Nobody got in the front door before 10 on Saturday.
>>>
>>>The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.? The Method I pass on has worked best for the most people.? That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.
>>>
>>>Using the traditional method, people were not averaging 1 response per week.? Now you have 17 people to talk to in less than 2 days.? There is a fair deal somewhere in this mix, and all you have to do is find it.
>>>
>>>Take Rosemarie's advice to heart.? Every buyer wants to buy for the lowest price.? There is absolutely nothing wrong with that.? Every seller wants to sell for the highest possible price.? There is absolutely nothing wrong with that, either.? Most people are incredibly honest, and that honesty has an aura anyone can pick up.? And they pick up your aura, too.
>>>
>>>If you can establish trust in what you are doing, real buyers will step up and talk to you.? Listen to everyone.? Treat everyone well.? The sharks are buying foreclosures from banks at 60% of current value.? They don't need your home at this time.? Most of the people who attend your sale will be a lot like you.? Treat them as you would want to be treated.
>>>
>>>It is a whole lot of work for 5 days, but you can always make it pay off.? You are well on your way.
>>>
>>>Bill Effros
>>>Author
>>>
>>>
>>>
>>>juliegorman at bellsouth.net wrote: 
>>>YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?
>>>>
>>>>Julie
>>>>-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>>>>>
>>>>>Julie,
>>>>>
>>>>>The process is daunting in the best of times -- whether you do it by yourself or not.
>>>>>
>>>>>7 responses from Craigslist is a good sign.
>>>>>
>>>>>It does not mean you will get what you are hoping for.
>>>>>
>>>>>It does mean there are plenty of people interested in buying your home at the current market value.
>>>>>
>>>>>Stop hoping and praying for 40 responses by Friday night.? Whether you get 25 or 52 doesn't really matter.? The fact that you got 7 from Craigslist immediately is the best news you could get.
>>>>>
>>>>>If it doesn't fill out to 25 by Friday night you must know what you are going to do.? You are not going to say "well, 23 is good enough."
>>>>>
>>>>>You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.
>>>>>
>>>>>So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.
>>>>>
>>>>>If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.? Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.
>>>>>
>>>>>Work with the 13 potential buyers.? Talk to them.? Email them.? Be completely honest with them.? See if you can find a fair deal with any of them.
>>>>>
>>>>>If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.
>>>>>
>>>>>If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.? Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".? If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.? You would, too.? You can't get the highest possible bid without honestly committing to the sale.
>>>>>
>>>>>Here we get to a tricky part -- I am not your lawyer.? And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.
>>>>>
>>>>>Let me just state some facts:
>>>>>
>>>>>1.? A lot of lawyers don't know what they are talking about.? (50% of them graduated from law school in the bottom half of their class.)
>>>>>2.? The laws in most states protect FSBOs.? You are not a professional.? You do not have a license.? You are trying to do things right.
>>>>>3.? The starting price in an "or best offer" ad is not legally binding.
>>>>>4.? Nobody actually "sells" their home until the "closing".
>>>>>5.? All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
>>>>>6.? The buyer can back out of the deal right up to the closing.
>>>>>7.? The seller can back out of the deal right up to the closing.
>>>>>8.? Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.
>>>>>
>>>>>Nobody can get you the price you want if the market will not support that price.? If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.? The method "succeeds" every time for those who use it properly.? The negative comments you read on this forum come from people who blame the market for their mistakes.? They all could have sold their homes in 5 Days if they were prepared to take the current market value. 
>>>>>
>>>>>You can, too.? You are well on your way.? I wish you could get today what you could have gotten for your home 3 years ago.? But you can't.? And no one else can either.
>>>>>
>>>>>5-Day Sales are emotionally draining.? They compress a lot of major financial decisions into a short time frame.? It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.? If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.
>>>>>
>>>>>Decide now if you are going to take the offer.? If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.
>>>>>
>>>>>Bill Effros
>>>>>Author
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>juliegorman at bellsouth.net wrote: 
>>>>>Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 
>>>>>>
>>>>>>So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 
>>>>>>
>>>>>>This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are?doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.
>>>>>>
>>>>>>The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?
>>>>>>
>>>>>>The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?
>>>>>>
>>>>>>The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?
>>>>>>
>>>>>>Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.
>>>>>>
>>>>>>Julie from Kentucky
>>>>>>-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>>>>>>>
>>>>>>>Agreed.
>>>>>>>
>>>>>>>But it tells you everything you need to know.
>>>>>>>
>>>>>>>If you want to sell it now you can only get the current market price.? No one can say if that price will be higher or lower 3 months from now, or 6 months from now.
>>>>>>>
>>>>>>>You can play around with 5 Day ads on Craigslist for nothing.
>>>>>>>
>>>>>>>Always start them late Tuesday night.? If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.? It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.
>>>>>>>
>>>>>>>But would you take twice the starting price? or 90% of what you are hoping for?? or 80%?
>>>>>>>
>>>>>>>At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.
>>>>>>>
>>>>>>>I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.? I'll keep thinking out loud with you, if you like.? At some point you'll know what you have to do.
>>>>>>>
>>>>>>>Bill Effros
>>>>>>>Author
>>>>>>>
>>>>>>>j crafor wrote: 
>>>>>>>Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
>>>>>>>>?
>>>>>>>>That IS correct, which is why I decided to do FSBO. 
>>>>>>>>?
>>>>>>>>The last agent that I talked to, showed the?house to at the open houes, immediately wanted to list it, 7.5% commission,?9 month listing....
>>>>>>>>No thanks. 
>>>>>>>>?
>>>>>>>>________________________________
Date: Wed, 5 Aug 2009 10:34:07 -0400
>>>>>>>>From: bill at effros.com
>>>>>>>>To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>>>>>>>Subject: Re: [5-DayForum] Had a sale last weekend
>>>>>>>>
>>>>>>>>JCrafor,
>>>>>>>>
>>>>>>>>Your home is in a place where it has become extremely difficult to sell homes -- at any price.? Nobody knows what they are worth at this time.? List with an agent for a limited time period -- let's say 3 months.? See what happens.? Let us know.
>>>>>>>>
>>>>>>>>I believe we are headed for a lot of inflation.? Homes in some places will start to rise in selling price.? But other homes will never be sold at any price.
>>>>>>>>
>>>>>>>>Just my opinion -- this is not my area of expertise.
>>>>>>>>
>>>>>>>>Bill Effros
>>>>>>>>Author
>>>>>>>>
>>>>>>>>j crafor wrote: 
>>>>>>>>I?had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
>>>>>>>>>Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.? Sort of considering listing with an agent...
>>>>>>>>>JCrafor
>>>>>>>>>?
>>>>>>>>>________________________________
From: Janetislight at aol.com
>>>>>>>>>Date: Wed, 5 Aug 2009 09:24:53 -0400
>>>>>>>>>To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>>>>>>>>Subject: Re: [5-DayForum] Had a sale last weekend
>>>>>>>>>
>>>>>>>>>Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.
>>>>>>>>>
>>>>>>>>>Janet
>>>>>>>>>
>>>>>>>>>
>>>>>>>>>In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
>>>>>>>>>Sue,
>>>>>>>>>>
>>>>>>>>>>You already understand most of what you've got to know.
>>>>>>>>>>
>>>>>>>>>>The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.
>>>>>>>>>>
>>>>>>>>>>All you need is Craigslist.
>>>>>>>>>>
>>>>>>>>>>Start your home at $24,500.? I know.? It sounds crazy.
>>>>>>>>>>
>>>>>>>>>>But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.? You will get the most you can get for your home at the present time.
>>>>>>>>>>
>>>>>>>>>>I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.? There is no question that most of them cannot or will not pay what you are hoping for.? But so what?? 3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.
>>>>>>>>>>
>>>>>>>>>>Enough people have computers so that you no longer have to take telephone calls.? You can do everything on the web -- and the response is instantaneous.
>>>>>>>>>>
>>>>>>>>>>Prepare materials to email back to people before placing the ad.? You can send pictures.? You can explain in detail how you will run the sale.? Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.
>>>>>>>>>>
>>>>>>>>>>I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.? I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.
>>>>>>>>>>
>>>>>>>>>>Unlike Bill, your home can certainly be sold at this time.? Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.
>>>>>>>>>>
>>>>>>>>>>If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.
>>>>>>>>>>
>>>>>>>>>>The Craigslist headline and body copy work differently than newspaper 5-Day Ads.? Again, let us know what works.
>>>>>>>>>>
>>>>>>>>>>Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.? I generally try to run one ad starting Tuesday night and deleting Thursday.? And an updating ad running Friday Saturday and Sunday.? You should have 25 responses by Thursday night.
>>>>>>>>>>
>>>>>>>>>>Let us know how it goes.? You're on the right track.
>>>>>>>>>>
>>>>>>>>>>Bill Effros
>>>>>>>>>>Author
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>Sue Pruett wrote: 
>>>>>>>>>>I am a big fan of this method.? We used the first book back in 1995 to sell our first house, and it worked great!? I always knew we would use this method for our second house.? Well, the time has come to sell our second house!? I purchased the book just about a month ago.? However, I didn't realize there was a third edition until about two weeks ago.? The seller didn't inform me of this fact!? I'm sure there is a lot in the third edition that would have been helpful to us!
>>>>>>>>>>>
>>>>>>>>>>>Well, here's where our story stands right now.? 
>>>>>>>>>>>
>>>>>>>>>>>We live in Southern Illinois, across the Mississippi from St. Louis.? Homes in our neighborhood have been selling in the upper $80's in the past 4 months.? When we compare our home to these, some things are better in ours, some are worse.? Ours is larger than any of them.? We had hoped to get about $90K, but would have been more than satisfied with $85K.? 
>>>>>>>>>>>
>>>>>>>>>>>We tried the sale two weeks ago with ads in the only daily in town.? We got 4 calls.? We postponed the sale.? We were able to advertise in two weeklies, in addition to the daily.? We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.? At least 12 of our callers were so excited about the house, we thought we were good to go.? Don't break that rule!? We only had 5 families come to look, and only two bidders, and one could?not afford our starting price.? We did get a $75K offer, and we agreed to sell it to her.
>>>>>>>>>>>
>>>>>>>>>>>The other thing we did was start at $74,500, because we were scared to start lower.??I'm sure this also contributed to fewer callers.??We arent' sure the current buyer is going to come through.? We should know by tonight.? If she doesn't, we are purchasing the third edition of the book, and doing it right!? We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.? I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.? 
>>>>>>>>>>>
>>>>>>>>>>>I know I've gone on a long time, but?I do have a question -?can anyone point me to which internet advertising you all use.? I've never used anything but ebay to sell over the internet, and not for something like?a house!? ? I'd just like to get a picture of how internet advertising works.? Thanks so much for sticking with my story!
>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>Sue Pruett
>>>>>>>>>>>32950 Delhi Road
>>>>>>>>>>>Brighton, IL? 62012
>>>>>>>>>>>618-372-3501
>>>>>>>>>>>Visit my blogs at http://www.thecharlottemasongirl.com/
>>>>>>>>>>>and http://www.illinoisgreenhome.com
>>>>>>>>>>>and http://parentingwithstyle.blogspot.com/
>>>>>>>>>>> 
>>>>>>>>>>>
________________________________

>>>>>>>>>>>_______________________________________________
>>>>>>>>>>>5-DayForum mailing list
>>>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
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>>>>>>>>>>>  
>>>>>>>>>>
>>>>>>>>>>_______________________________________________
>>>>>>>>>>5-DayForum mailing list
>>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
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>>>>>>>>>>
>>>>>>>>>
>>>>>>>>>
________________________________

>>>>>>>>>________________________________
Get back to school stuff for them and cashback for you. Try BingT now. 
>>>>>>>>>
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>>>>>>>>>_______________________________________________
>>>>>>>>>5-DayForum mailing list
>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
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>>>>>>>>>  
>>>>>>>>________________________________
Get back to school stuff for them and cashback for you. Try BingT now. 
>>>>>>>>
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>>>>>>
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>>>>>>_______________________________________________
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From juliegorman at bellsouth.net  Fri Aug  7 11:57:38 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Fri, 07 Aug 2009 15:57:38 +0000
Subject: [5-DayForum] what if the broker doesn't ask about protecting them???
In-Reply-To: <be5.5b6f23bd.37ad9edc@aol.com>
Message-ID: <080720091557.23838.4A7C4EF000055F9400005D1E22230704929B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

Thanks. The calls are continuing! AGGHHH! This is fun!

I do have another quick question. I have had 2 realtors contact me. They have asked me tons of questions of which I've disclosed everything. They NEVER asked if they would be paid...I didn't bring it up. Should I contact them to let them know they will not be paid realtor fees by me, or should I let them discover that when they bring their client out???

I've had other realtors ask up front and I told them that we were NOT protecting the broker but what if they don't ask???

Any thoughts
Julie from Kentucky
-------------- Original message from Janetislight at aol.com: -------------- 


They need to do their own title search if they end up buying the house.  This is generally a contingency upon buying, just like financing is for you.

I've never heard of the seller paying for the title search, but maybe where you are it's different?  I've been in real estate in 5 states and have not come against that ever.

I would make the same number of copies that you have made.  I'd keep it at 100 and you can always print more for the second day or have a helper print up some.

Your excitement is contagious!

Janet

In a message dated 8/7/2009 10:10:09 A.M. Central Daylight Time, juliegorman at bellsouth.net writes:



Hello. Just a quick update--we have 41 contacts so far: 25 from Craig's list, 3 from Facebook, 9 From Flyers, and  4 from our ads. 

I do have 3 quick questions--People are wanting to have a title search done. Is that something I should provide at the inspection? Or just let all of them do their own prior to our open house? 

Also, how many copies of the restrictions/covenants for our subdivision should I have printed for the Open House/Inspection?

I've printed 100 copies of the quick description, detailed description, and the rules to the sale, but with this many calls thus far, do you think that will that be enough?

I know there are 3 real buyers in there somewhere. Everyone I've talked to really loves the concept of what we are doing and are looking forward to seeing our home! 

YEAH!  :)
Julie from Kentucky


-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I would start contacting people now.  Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"

I like busy sales because you never get bored, and you don't start second guessing yourself.

Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.

Make sure you have enough help, and that everyone is singing the same tune.

Don't think you can spot the real buyers in the crowd.  You can't.

People will be testing you to see if you're honest.  Be yourself.  They're just people, and one of them is going to buy your home.

Pace yourself.

Keep the cards and letters coming,

Bill Effros
Author

juliegorman at bellsouth.net wrote: 
YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 

>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?

Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)

I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 

I'm SELLING MY HOUSE SUNDAY! YAHOO!

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I have always given the address immediately.  In the old days that would result in lines of cars circling the house before the sale, but so what?  Nobody got in the front door before 10 on Saturday.

The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.  The Method I pass on has worked best for the most people.  That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

Using the traditional method, people were not averaging 1 response per week.  Now you have 17 people to talk to in less than 2 days.  There is a fair deal somewhere in this mix, and all you have to do is find it.

Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest price.  There is absolutely nothing wrong with that.  Every seller wants to sell for the highest possible price.  There is absolutely nothing wrong with that, either.  Most people are incredibly honest, and that honesty has an aura anyone can pick up.  And they pick up your aura, too.

If you can establish trust in what you are doing, real buyers will step up and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are buying foreclosures from banks at 60% of current value.  They don't need your home at this time.  Most of the people who attend your sale will be a lot like you.  Treat them as you would want to be treated.

It is a whole lot of work for 5 days, but you can always make it pay off.  You are well on your way.

Bill Effros
Author



juliegorman at bellsouth.net wrote: 
YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?

Julie
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 
Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 
Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 
I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

Janet


In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 
I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

Well, here's where our story stands right now.  

We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/



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Get back to school stuff for them and cashback for you. Try BingT now. 

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Get back to school stuff for them and cashback for you. Try BingT now. 

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From barks4444 at comcast.net  Fri Aug  7 11:53:52 2009
From: barks4444 at comcast.net (Bill Barks)
Date: Fri, 7 Aug 2009 08:53:52 -0700
Subject: [5-DayForum] 41 contacts so far!!!
References: <c61.5132d2a5.37aae225@aol.com><SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl><4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl><4A7A5689.9060800@effros.com><080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><4A7AD96B.9050203@effros.com><080620091529.13134.4A7AF6DC000CFCD40000334E22243323629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><4A7B34EF.1060306@effros.com><080620092038.24213.4A7B3F2F000AED3F00005E9522193100029B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><4A7B47F8.104@effros.com><080720091505.29279.4A7C42B400057CED0000725F22218675169B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<284100.77692.qm@web59509.mail.ac4.yahoo.com>
Message-ID: <038b01ca1777$432d26a0$6901a8c0@FAMILYROOM>

here's the ad  http://louisville.craigslist.org/reo/1306996049.html
Kind Regards,

  ----- Original Message ----- 
  From: Gary Noel 
  To: How To Sell Your Home in 5-Days 
  Sent: Friday, August 07, 2009 8:36 AM
  Subject: Re: [5-DayForum] 41 contacts so far!!!


  Julie, did you use the ad Bill has in his book exactly the way he has laid it out or did you modify it slightly?  You seem to one of the few who have received more than a couple of calls off Craig's and I'd be interested to know what exactly you did.  I'd like to learn.  Would you be willing to share the ad with us?

  Gary




------------------------------------------------------------------------------
  From: "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
  To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
  Sent: Friday, August 7, 2009 10:05:26 AM
  Subject: [5-DayForum] 41 contacts so far!!!


  Hello. Just a quick update--we have 41 contacts so far: 25 from Craig's list, 3 from Facebook, 9 From Flyers, and  4 from our ads. 

  I do have 3 quick questions--People are wanting to have a title search done. Is that something I should provide at the inspection? Or just let all of them do their own prior to our open house? 

  Also, how many copies of the restrictions/covenants for our subdivision should I have printed for the Open House/Inspection?

  I've printed 100 copies of the quick description, detailed description, and the rules to the sale, but with this many calls thus far, do you think that will that be enough?

  I know there are 3 real buyers in there somewhere. Everyone I've talked to really loves the concept of what we are doing and are looking forward to seeing our home! 

  YEAH!  :)
  Julie from Kentucky


    -------------- Original message from Bill Effros <bill at effros.com>: -------------- 

    Julie,

    I would start contacting people now.  Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"

    I like busy sales because you never get bored, and you don't start second guessing yourself.

    Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.

    Make sure you have enough help, and that everyone is singing the same tune.

    Don't think you can spot the real buyers in the crowd.  You can't.

    People will be testing you to see if you're honest.  Be yourself.  They're just people, and one of them is going to buy your home.

    Pace yourself.

    Keep the cards and letters coming,

    Bill Effros
    Author

    juliegorman at bellsouth.net wrote: 
      YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 

      From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?

      Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)

      I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 

      I'm SELLING MY HOUSE SUNDAY! YAHOO!

      Julie from Kentucky
        -------------- Original message from Bill Effros <bill at effros.com>: -------------- 

        Julie,

        I have always given the address immediately.  In the old days that would result in lines of cars circling the house before the sale, but so what?  Nobody got in the front door before 10 on Saturday.

        The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.  The Method I pass on has worked best for the most people.  That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

        Using the traditional method, people were not averaging 1 response per week.  Now you have 17 people to talk to in less than 2 days.  There is a fair deal somewhere in this mix, and all you have to do is find it.

        Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest price.  There is absolutely nothing wrong with that.  Every seller wants to sell for the highest possible price.  There is absolutely nothing wrong with that, either.  Most people are incredibly honest, and that honesty has an aura anyone can pick up.  And they pick up your aura, too.

        If you can establish trust in what you are doing, real buyers will step up and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are buying foreclosures from banks at 60% of current value.  They don't need your home at this time.  Most of the people who attend your sale will be a lot like you.  Treat them as you would want to be treated.

        It is a whole lot of work for 5 days, but you can always make it pay off.  You are well on your way.

        Bill Effros
        Author



        juliegorman at bellsouth.net wrote: 
          YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?

          Julie
            -------------- Original message from Bill Effros <bill at effros.com>: -------------- 

            Julie,

            The process is daunting in the best of times -- whether you do it by yourself or not.

            7 responses from Craigslist is a good sign.

            It does not mean you will get what you are hoping for.

            It does mean there are plenty of people interested in buying your home at the current market value.

            Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

            If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

            You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

            So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

            If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

            Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

            If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

            If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

            Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

            Let me just state some facts:

            1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
            2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
            3.  The starting price in an "or best offer" ad is not legally binding.
            4.  Nobody actually "sells" their home until the "closing".
            5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
            6.  The buyer can back out of the deal right up to the closing.
            7.  The seller can back out of the deal right up to the closing.
            8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

            Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

            You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

            5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

            Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

            Bill Effros
            Author








            juliegorman at bellsouth.net wrote: 
              Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

              So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

              This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

              The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

              The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

              The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

              Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

              Julie from Kentucky
                -------------- Original message from Bill Effros <bill at effros.com>: -------------- 

                Agreed.

                But it tells you everything you need to know.

                If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

                You can play around with 5 Day ads on Craigslist for nothing.

                Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

                But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

                At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

                I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

                Bill Effros
                Author

                j crafor wrote: 
                  Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
                   
                  That IS correct, which is why I decided to do FSBO. 
                   
                  The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
                  No thanks. 
                   

--------------------------------------------------------------
                  Date: Wed, 5 Aug 2009 10:34:07 -0400
                  From: bill at effros.com
                  To: 5-dayforum at mailman.howtosellyourhomein5days.com
                  Subject: Re: [5-DayForum] Had a sale last weekend

                  JCrafor,

                  Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

                  I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

                  Just my opinion -- this is not my area of expertise.

                  Bill Effros
                  Author

                  j crafor wrote: 
                    I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
                    Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
                    JCrafor
                     

------------------------------------------------------------
                    From: Janetislight at aol.com
                    Date: Wed, 5 Aug 2009 09:24:53 -0400
                    To: 5-dayforum at mailman.howtosellyourhomein5days.com
                    Subject: Re: [5-DayForum] Had a sale last weekend


                    Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

                    Janet


                    In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
                      Sue,

                      You already understand most of what you've got to know.

                      The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

                      All you need is Craigslist.

                      Start your home at $24,500.  I know.  It sounds crazy.

                      But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

                      I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

                      Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

                      Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

                      I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

                      Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

                      If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

                      The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

                      Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

                      Let us know how it goes.  You're on the right track.

                      Bill Effros
                      Author



                      Sue Pruett wrote: 
                              I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

                              Well, here's where our story stands right now.  

                              We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

                              We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

                              The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

                              I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


                              Sue Pruett
                              32950 Delhi Road
                              Brighton, IL  62012
                              618-372-3501
                              Visit my blogs at http://www.thecharlottemasongirl.com/
                              and http://www.illinoisgreenhome.com
                              and http://parentingwithstyle.blogspot.com/
                             

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From Janetislight at aol.com  Fri Aug  7 12:00:38 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Fri, 7 Aug 2009 12:00:38 EDT
Subject: [5-DayForum] what if the broker doesn't ask about protecting
	them???
Message-ID: <c54.53b15cf5.37ada9a6@aol.com>

I wouldn't offer the information.  Maybe that's shady to some.   But, I 
would still want their clients to come, and that may be part of your  
negotiations later.
 
Janet
 
 
 
In a message dated 8/7/2009 10:58:54 A.M. Central Daylight Time,  
juliegorman at bellsouth.net writes:




Thanks. The calls are continuing! AGGHHH! This is fun!
 
I do have another quick question. I have had 2 realtors contact me. They  
have asked me tons of questions of which I've disclosed everything. They 
NEVER  asked if they would be paid...I didn't bring it up. Should I contact them 
to  let them know they will not be paid realtor fees by me, or should I let 
them  discover that when they bring their client out???
 
I've had other realtors ask up front and I told them that we were NOT  
protecting the broker but what if they don't ask???
 
Any thoughts
Julie from Kentucky

--------------  Original message from Janetislight at aol.com: -------------- 

They need to do their own title search if they end up buying the  house.  
This is generally a contingency upon buying, just like  financing is for you.
 
I've never heard of the seller paying for the title search, but maybe  
where you are it's different?  I've been in real estate in 5 states and  have 
not come against that ever.
 
I would make the same number of copies that you have made.  I'd  keep it at 
100 and you can always print more for the second day or have a  helper 
print up some.
 
Your excitement is contagious!
 
Janet
 
 
In a message dated 8/7/2009 10:10:09 A.M. Central Daylight Time,  
juliegorman at bellsouth.net writes:




Hello. Just a quick update--we have 41 contacts so far: 25  from Craig's 
list, 3 from Facebook, 9 From Flyers, and  4 from our  ads. 
 
I do have 3 quick questions--People are wanting to have a title  search 
done. Is that something I should provide at the inspection? Or just  let all of 
them do their own prior to our open house? 
 
Also, how many copies of the restrictions/covenants for our  subdivision 
should I have printed for the Open House/Inspection?
 
I've printed 100 copies of the quick description, detailed  description, 
and the rules to the sale, but with this many calls thus  far, do you think 
that will that be enough?
 
I know there are 3 real buyers in there somewhere. Everyone I've  talked to 
really loves the concept of what we are doing and are looking  forward to 
seeing our home! 
 
YEAH!  :)
Julie from Kentucky
 
 

--------------  Original message from Bill Effros <bill at effros.com>:  
-------------- 

Julie,

I would start  contacting people now.  Tell them you didn't want to give 
out your  address until you were sure you would get 25 responses by Friday 
night,  and now you have 28 so you are going to tell everyone "it's a  go!"

I like busy sales because you never get bored, and you don't  start second 
guessing yourself.

Let them all know you're going to  sell your home to the high bidder Sunday 
night, and that they are  bidding against each other, not against you.

Make sure you have  enough help, and that everyone is singing the same tune.

Don't  think you can spot the real buyers in the crowd.  You  can't.

People will be testing you to see if you're honest.   Be yourself.  They're 
just people, and one of them is going to buy  your home.

Pace yourself.

Keep the cards and letters  coming,

Bill Effros
Author

_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)   wrote:  
YAHOO! I have 28 calls now...guess that means I'm holding a sale  come 
Sunday. 
 
>From your last letter Bill it sounded like it would be ok  for me to 
contact the individuals and let them know the address; is  that right? If I do...I 
guess that means I can begin giving out the  physical location to future 
callers as well. Or should I just continue  doing what I'm doing and call 
everyone tomorrow night as I originally  said I would--I don't want them to 
think I'm changing the rules as I  go. Any advice?
 
Thus far (and it's only Thursday afternoon where I live) I have  received 
16 calls from Craig's list, 9 from Flyers, and 3 from ads.  The ads we're 
running on Saturday and Sunday will be front page of the  courier journal (we 
lucked out with some open spaces...again yahoo).  there readership is 400,000 
on the weekends...Is it possible  we could have too many people show up? I 
guess I'd love to have to  face that hurdle! :)
 
I have been praying very feverishly, following Bill's advice, and  
believing God is really going to bless this sale! Thanks for all the  recent 
encouragement. I'll keep you posted as I go! 
 
I'm SELLING MY HOUSE SUNDAY! YAHOO!
 
Julie from Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Julie,

I have always  given the address immediately.  In the old days that would  
result in lines of cars circling the house before the sale, but so  what?  
Nobody got in the front door before 10 on  Saturday.

The whole idea here is that you sell your home in 5  days for the most you 
can possibly get on the day you pick.   The Method I pass on has worked best 
for the most people.  That  doesn't mean that individual variations can't 
work out, only that I  have heard about a lot of sales, and tried to come up 
with one  coherent explanation that has had the greatest success  ratio.

Using the traditional method, people were not  averaging 1 response per 
week.  Now you have 17 people to talk  to in less than 2 days.  There is a fair 
deal somewhere in this  mix, and all you have to do is find it.

Take Rosemarie's  advice to heart.  Every buyer wants to buy for the lowest 
 price.  There is absolutely nothing wrong with that.   Every seller wants 
to sell for the highest possible price.   There is absolutely nothing wrong 
with that, either.  Most  people are incredibly honest, and that honesty has 
an aura anyone  can pick up.  And they pick up your aura, too.

If you  can establish trust in what you are doing, real buyers will step up 
 and talk to you.  Listen to everyone.  Treat everyone  well.  The sharks 
are buying foreclosures from banks at 60% of  current value.  They don't need 
your home at this time.   Most of the people who attend your sale will be a 
lot like  you.  Treat them as you would want to be treated.

It is  a whole lot of work for 5 days, but you can always make it pay  off. 
 You are well on your way.

Bill  Effros
Author



_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)  wrote:  
YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5  from flyers. 
So far everyone is really excited and can't wait to  find out our address. I 
did run into a situation where 2 of the  potential buyers really wanted an 
address because they are looking  in my area today...but I held to our 
position that we are trying  to be fair to all potential buyers so we are not 
releasing our  physical location until Friday evening but that I would contact  
them by phone Friday evening with directions. They seemed  frustrated, 
again only 2 out of 17, but should I have given them  more info?
 
Julie

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Julie,

The process  is daunting in the best of times -- whether you do it by  
yourself or not.

7 responses from Craigslist is a good  sign.

It does not mean you will get what you are hoping  for.

It does mean there are plenty of people interested  in buying your home at 
the current market value.

Stop  hoping and praying for 40 responses by Friday night.   Whether you 
get 25 or 52 doesn't really matter.  The fact  that you got 7 from Craigslist 
immediately is the best news you  could get.

If it doesn't fill out to 25 by Friday night  you must know what you are 
going to do.  You are not going  to say "well, 23 is good enough."

You have only 2 viable  options -- either you tell everyone who has 
responded that you  are going to run the sale next weekend if you get the rest of  
the responses you need, or you are going to tell everyone that  you cannot 
sell your home at this time using this method, but  you are still interested 
in selling your home.

So, at the  end of day 3, if you had advertised solely in Craigslist, you  
would have spent nothing, but you would know a lot more than if  you had 
signed up with a broker for 6 months or a  year.

If you decide not to sell your home in 5-Days at  this time, and no one 
else responds, you have located 13  potential buyers at virtually no cost.  
Very few brokers  bring 13 potential buyers to any home for sale in a year -- 
good  times or bad -- and their contracts stipulate that they "own"  those 
buyers, even if the buyer later buys directly from you at  a price 
substantially lower than the price listed in the  contract, the broker still gets a 
commission.

Work with  the 13 potential buyers.  Talk to them.  Email  them.  Be 
completely honest with them.  See if you can  find a fair deal with any of them.

If not, wait 3 months  and start the 5-Day Method again, to see if the 
market is any  better.

If you locate 25 potential real buyers, and you  decide to run your 5-Day 
Sale, you must commit, in your own  mind, to following through on Sunday 
night.  Buyers can  hear from your answers whether you are truly going to sell 
to  the high bidder, or if you view the 5-Day Method as just a "bait  and 
switch".  If it sounds like a "bait and switch" the  real buyers will head for 
the exit without ever leaving a  bid.  You would, too.  You can't get the 
highest  possible bid without honestly committing to the  sale.

Here we get to a tricky part -- I am not your  lawyer.  And just as I 
cannot sell Janet's house for her  without putting myself in peril, I also cannot 
give you legal  advise without putting myself in peril.

Let me just state  some facts:

1.  A lot of lawyers don't know what  they are talking about.  (50% of them 
graduated from law  school in the bottom half of their class.)
2.  The laws  in most states protect FSBOs.  You are not a  professional.  
You do not have a license.  You are  trying to do things right.
3.  The starting price in an  "or best offer" ad is not legally binding.
4.  Nobody  actually "sells" their home until the "closing".
5.  All  you are really trying to do is "make a deal" Sunday night--and  
you make a non-binding promise to strike that deal with the high  bidder.
6.  The buyer can back out of the deal right up  to the closing.
7.  The seller can back out of the deal  right up to the closing.
8.  Numerous other parties can  kill the deal, even if the buyer and seller 
both want to go  through with it.

Nobody can get you the price you want if  the market will not support that 
price.  If you use the  5-Day Method you can get the current market price in 
 5-Days--every time--if you just stick closely to the  method.  The method 
"succeeds" every time for those who use  it properly.  The negative comments 
you read on this forum  come from people who blame the market for their 
mistakes.   They all could have sold their homes in 5 Days if they were  
prepared to take the current market value. 

You can,  too.  You are well on your way.  I wish you could get  today what 
you could have gotten for your home 3 years  ago.  But you can't.  And no 
one else can  either.

5-Day Sales are emotionally draining.  They  compress a lot of major 
financial decisions into a short time  frame.  It would appear you are well on 
your way to being  able to sell your home in 5-Days, provided only you work out 
any  difference between the current market value and the least you  are 
able to take.  If you view your 5-Day Sale through this  lens you will be 
offered the most anyone will offer for your  home at this time.

Decide now if you are going to take  the offer.  If not, do not follow 
through with the  Inspection and Round Robin--do something else Friday 
night--you  are still far ahead of the game at minimal cost.

Bill  Effros
Author








_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)  wrote:  
Just thought I'd jump in here...I certainly am not a  pro...but I placed an 
ad on Craigslist today and received 7  responses...Is that good? 
 
So far, between flyers, an ad in the newspaper, and  Craigslist I have 13 
responders in one day? I am hoping and  praying for at least 40 by Friday 
night, with a minimum of the  necessary 25. 
 
This process is a little scary. I was hoping to find more  encouragement on 
this Forum. I understand telling the bad with  the good. But when you are 
doing something that you are  already fearful about...it sure would be good 
to have a little  more assurance of the truth.
 
The truth is until a formal contract is signed neither I  nor the buyer are 
bound to the bidding process.--is that  true?
 
The truth is if this process doesn't work...I have the  names and numbers 
of realtors...investors...and individuals  who have expressed interest in my 
home that I can respond back  to at a later time--is that true?
 
The truth is if I commit to this process...I will know by  Sunday evening a 
very close estimate to what buyers say the  value of my home is for that 
time and date...and I have the  choice to either accept or reject their 
evaluation...of course  with the understanding that I WILL take the highest bid 
Sunday  evening, as long as it meets the banks highest bid of what I  owe on 
it--is that true?
 
Please encourage me! This process is daunting the first  time and just need 
a little encouragement from anyone who has  had success.
 
Julie from Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Agreed.

But it  tells you everything you need to know.

If you want to  sell it now you can only get the current market price.   No 
one can say if that price will be higher or lower 3  months from now, or 6 
months from now.

You can play  around with 5 Day ads on Craigslist for  nothing.

Always start them late Tuesday night.   If you don't have 2 or 3 responses 
by noon Wednesday, pull  the ad and think over what that means.  It doesn't  
necessarily mean you can't sell your home, and it doesn't  necessarily mean 
you can't get twice the starting  price.

But would you take twice the starting price?  or 90% of what you are hoping 
for?  or 80%?

At  1/2 current market price there should be a lot of  enthusiasm, and the 
fast hit you get on Craigslist means  failing to get 2 or 3 responses by 
noon Sunday must be  interpreted as not enough enthusiasm.

I know you have  been honestly trying to work this out, and you know I have 
 never seen a housing market situation like the one we're  in.  I'll keep 
thinking out loud with you, if you  like.  At some point you'll know what you 
have to  do.

Bill Effros
Author

j crafor  wrote:  
Agents here will NOT list for 3 months, unless there is an  automatic 3 
month extension. THEN, according to one  contract I read, there is ANOTHER 
three months beyond that  that the seller cannot sell to anyone without giving 
the  agent a commission, UNLESS it was re-listed with another  agent. This 
was a contract from the agent that I had been  working with for 15 years. 

That IS correct,  which is why I decided to do FSBO. 

The last  agent that I talked to, showed the house to at the  open houes, 
immediately wanted to list it, 7.5%  commission, 9 month listing....
No thanks.  

 
____________________________________
Date: Wed, 5 Aug 2009 10:34:07 -0400
From: _bill at effros.com_ (mailto:bill at effros.com) 
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your  home is in a place where it has become extremely difficult  to sell 
homes -- at any price.  Nobody knows what  they are worth at this time.  List 
with an agent for  a limited time period -- let's say 3 months.  See  what 
happens.  Let us know.

I believe we are  headed for a lot of inflation.  Homes in some places  
will start to rise in selling price.  But other homes  will never be sold at 
any price.

Just my opinion --  this is not my area of expertise.

Bill  Effros
Author

j crafor wrote:  
I had only one response for the 5day from  Craigslist, and more for the 
standard open house on  Craigslist.
Was considering doing a 5day this coming  weekend (in Tucson) but will have 
a standard open house  instead.  Sort of considering listing with an  
agent...
JCrafor

 
____________________________________
From: _Janetislight at aol.com_ (mailto:Janetislight at aol.com) 
Date:  Wed, 5 Aug 2009 09:24:53 -0400
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

Yes, it would be interesting to know how to do this  on Craigslist, since I 
has zero responses from an ad  placed as laid out in the book.
 
Janet
 
 
 
In a message dated 8/4/2009 5:54:54 P.M. Central  Daylight Time, 
_bill at effros.com_ (mailto:bill at effros.com)  writes:

Sue,

You  already understand most of what you've got to  know.

The big change in the 4th edition is that  it is now possible to run a 
5-Day sale with zero  advertising cost.

All you need is  Craigslist.

Start your home at $24,500.  I  know.  It sounds crazy.

But you know  you'll get more than 25 responses by Friday night, and  some 
people who say they will never leave St. Louis  are going to drive out just 
to see what's going  on.  You will get the most you can get for your  home 
at the present time.

I have started at  absurd prices many times. Literally a zillion people  
show up, and you must be ready for them.  There  is no question that most of 
them cannot or will not  pay what you are hoping for.  But so what?   3 
people who know what your home is currently worth  will pop out of the crowd, bid 
against each other, and  you will get the most you can get for your home on 
the  weekend you pick.

Enough people have computers  so that you no longer have to take telephone  
calls.  You can do everything on the web -- and  the response is 
instantaneous.

Prepare  materials to email back to people before placing the  ad.  You can 
send pictures.  You can explain  in detail how you will run the sale.  
Because you  get to write it all out in advance, you can be sure  everyone gets 
the same information, and you can be  sure you have said exactly what you 
want to  say.

I can't tell you exactly what materials to  provide in response to 
Craigslist inquiries because I  don't know yet.  I do know you will get an  
overwhelming number of responses, and virtually  everyone looking for a home like 
yours will know yours  is available and REALLY will be sold to the high  
bidder Sunday night.

Unlike Bill, your home can  certainly be sold at this time.  Just like 
Bill,  you can know exactly what you've got to do in just 5  Days at no cost.

If you start to develop  "stock" internet responses to Craigslist, let us 
know  what they are, and how they worked.

The  Craigslist headline and body copy work differently  than newspaper 
5-Day Ads.  Again, let us know  what works.

Also, watch the resubmission rules  -- you don't want' to get frozen out of 
Craigslist in  the middle of your 5-Day Sale.  I generally try  to run one 
ad starting Tuesday night and deleting  Thursday.  And an updating ad 
running Friday  Saturday and Sunday.  You should have 25  responses by Thursday 
night.

Let us know how it  goes.  You're on the right track.

Bill  Effros
Author



Sue Pruett  wrote:  
I am a big fan of this method.  We  used the first book back in 1995 to 
sell our  first house, and it worked great!  I always  knew we would use this 
method for our second  house.  Well, the time has come to sell our  second 
house!  I purchased the book just  about a month ago.  However, I didn't  
realize there was a third edition until about  two weeks ago.  The seller didn't 
inform me  of this fact!  I'm sure there is a lot in  the third edition 
that would have been helpful  to us!
 
Well, here's where our story stands right  now.  
 
We live in Southern Illinois, across the  Mississippi from St. Louis.  
Homes in our  neighborhood have been selling in the upper  $80's in the past 4 
months.  When we  compare our home to these, some things are  better in ours, 
some are worse.  Ours is  larger than any of them.  We had hoped to  get 
about $90K, but would have been more than  satisfied with $85K.  
 
We tried the sale two weeks ago with ads in  the only daily in town.  We 
got 4  calls.  We postponed the sale.  We  were able to advertise in two 
weeklies, in  addition to the daily.  We broke a big rule  - we only had 17 calls 
by Friday, but went ahead  with the sale.  At least 12 of our callers  were 
so excited about the house, we thought we  were good to go.  Don't break 
that  rule!  We only had 5 families come to look,  and only two bidders, and 
one could not  afford our starting price.  We did get a  $75K offer, and we 
agreed to sell it to  her.
 
The other thing we did was start at  $74,500, because we were scared to 
start  lower.  I'm sure this also contributed  to fewer callers.  We arent' 
sure the  current buyer is going to come through.  We  should know by tonight.  
If she doesn't, we  are purchasing the third edition of the book,  and 
doing it right!  We'll start at  $49,500, and we'll utilize the other 
advertising  methods discussed in the third edition.  I  almost wish the fourth 
edition was already out,  as I'm worried we are behind the times with the  
internet advertising.  
 
I know I've gone on a long time, but I  do have a question - can anyone 
point me to  which internet advertising you all use.   I've never used anything 
but ebay to sell over  the internet, and not for something like a  house!   
 I'd just like to get a  picture of how internet advertising works.   
Thanks so much for sticking with my  story!


Sue Pruett
32950 Delhi  Road
Brighton, IL   62012
618-372-3501
Visit my blogs at _http://www.thecharlottemasongirl.com/_ 
(http://www.thecharlottemasongirl.com/) 
and _http://www.illinoisgreenhome.com_ (http://www.illinoisgreenhome.com/) 
and _http://parentingwithstyle.blogspot.com/_ 
(http://parentingwithstyle.blogspot.com/) 
 
 
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From juliegorman at bellsouth.net  Fri Aug  7 12:05:00 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Fri, 07 Aug 2009 16:05:00 +0000
Subject: [5-DayForum] 41 contacts so far!!!
In-Reply-To: <038b01ca1777$432d26a0$6901a8c0@FAMILYROOM>
References: <c61.5132d2a5.37aae225@aol.com><SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl><4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl><4A7A5689.9060800@effros.com><080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><4A7AD96B.9050203@effros.com><080620091529.13134.4A7AF6DC000CFCD40000334E22243323629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><4A7B34EF.1060306@effros.com><080620092038.24213.4A7B3F2F000AED3F00005E9522193100029B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><4A7B47F8.104@effros.com><080720091505.29279.4A7C42B400057CED0000725F22218675169B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><284100.77692.qm@web59509.mail.ac4.yahoo.com>
	<038b01ca1777$432d26a0$6901a8c0@FAMILYROOM>
Message-ID: <080720091605.2566.4A7C50AA000C881A00000A0622230704929B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

Thanks for posting this Bill! I'm up to my ears in phone calls and didn't have time yet to find it. 

One note however I've posted 3 different ads, one each day figuring that some people only look at the day at hand. One of the posts was so to the "t" of what Bill recommended, that a woman in louisville, who just purchased Bill's book, recognized the format and emailed me, requesting that I let her know how the sale goes.

MORE CALLS! :)
Julie

-------------- Original message from "Bill Barks" <barks4444 at comcast.net>: -------------- 


here's the ad  http://louisville.craigslist.org/reo/1306996049.html
Kind Regards,

----- Original Message ----- 
From: Gary Noel 
To: How To Sell Your Home in 5-Days 
Sent: Friday, August 07, 2009 8:36 AM
Subject: Re: [5-DayForum] 41 contacts so far!!!


Julie, did you use the ad Bill has in his book exactly the way he has laid it out or did you modify it slightly?  You seem to one of the few who have received more than a couple of calls off Craig's and I'd be interested to know what exactly you did.  I'd like to learn.  Would you be willing to share the ad with us?

Gary





From: "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, August 7, 2009 10:05:26 AM
Subject: [5-DayForum] 41 contacts so far!!!


Hello. Just a quick update--we have 41 contacts so far: 25 from Craig's list, 3 from Facebook, 9 From Flyers, and  4 from our ads. 

I do have 3 quick questions--People are wanting to have a title search done. Is that something I should provide at the inspection? Or just let all of them do their own prior to our open house? 

Also, how many copies of the restrictions/covenants for our subdivision should I have printed for the Open House/Inspection?

I've printed 100 copies of the quick description, detailed description, and the rules to the sale, but with this many calls thus far, do you think that will that be enough?

I know there are 3 real buyers in there somewhere. Everyone I've talked to really loves the concept of what we are doing and are looking forward to seeing our home! 

YEAH!  :)
Julie from Kentucky


-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I would start contacting people now.  Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"

I like busy sales because you never get bored, and you don't start second guessing yourself.

Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.

Make sure you have enough help, and that everyone is singing the same tune.

Don't think you can spot the real buyers in the crowd.  You can't.

People will be testing you to see if you're honest.  Be yourself.  They're just people, and one of them is going to buy your home.

Pace yourself.

Keep the cards and letters coming,

Bill Effros
Author

juliegorman at bellsouth.net wrote: 
YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 

>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?

Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)

I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 

I'm SELLING MY HOUSE SUNDAY! YAHOO!

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I have always given the address immediately.  In the old days that would result in lines of cars circling the house before the sale, but so what?  Nobody got in the front door before 10 on Saturday.

The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.  The Method I pass on has worked best for the most people.  That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

Using the traditional method, people were not averaging 1 response per week.  Now you have 17 people to talk to in less than 2 days.  There is a fair deal somewhere in this mix, and all you have to do is find it.

Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest price.  There is absolutely nothing wrong with that.  Every seller wants to sell for the highest possible price.  There is absolutely nothing wrong with that, either.  Most people are incredibly honest, and that honesty has an aura anyone can pick up.  And they pick up your aura, too.

If you can establish trust in what you are doing, real buyers will step up and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are buying foreclosures from banks at 60% of current value.  They don't need your home at this time.  Most of the people who attend your sale will be a lot like you.  Treat them as you would want to be treated.

It is a whole lot of work for 5 days, but you can always make it pay off.  You are well on your way.

Bill Effros
Author



juliegorman at bellsouth.net wrote: 
YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?

Julie
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 
Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 
Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 
I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

Janet


In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 
I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

Well, here's where our story stands right now.  

We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/



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From Janetislight at aol.com  Fri Aug  7 12:14:50 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Fri, 7 Aug 2009 12:14:50 EDT
Subject: [5-DayForum] 41 contacts so far!!!
Message-ID: <c11.32e2afd1.37adacfa@aol.com>

You did a full ad!  I was wondering about that.  Thanks for  sharing.  :)

Janet
 
 
In a message dated 8/7/2009 11:01:01 A.M. Central Daylight Time,  
barks4444 at comcast.net writes:

here's the ad  _http://louisville.craigslist.org/reo/1306996049.html_ 
(http://louisville.craigslist.org/reo/1306996049.html) 
Kind Regards,
 

----- Original Message ----- 
From:  _Gary  Noel_ (mailto:gnoel88 at yahoo.com)  
To: _How To Sell  Your Home in 5-Days_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com)  
Sent: Friday, August 07, 2009 8:36  AM
Subject: Re: [5-DayForum] 41 contacts  so far!!!



Julie, did you use the ad Bill has in his book exactly the way he has  laid 
it out or did you modify it slightly?  You seem to one of the few  who have 
received more than a couple of calls off Craig's and I'd be  interested to 
know what exactly you did.  I'd like to learn.   Would you be willing to 
share the ad with us?
 
Gary


 
____________________________________
 From: "_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net) "  
<_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net) >
To: How To Sell Your Home in 5-Days  
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, August 7, 2009 10:05:26  AM
Subject: [5-DayForum] 41  contacts so far!!!


Hello. Just a quick update--we have 41 contacts so far: 25  from Craig's 
list, 3 from Facebook, 9 From Flyers, and  4 from our ads.  

I do have 3 quick questions--People are wanting to have a title  search 
done. Is that something I should provide at the inspection? Or just  let all of 
them do their own prior to our open house? 
 
Also, how many copies of the restrictions/covenants for our subdivision  
should I have printed for the Open House/Inspection?
 
I've printed 100 copies of the quick description, detailed description,  
and the rules to the sale, but with this many calls thus far, do you  think 
that will that be enough?
 
I know there are 3 real buyers in there somewhere. Everyone I've talked  to 
really loves the concept of what we are doing and are looking forward to  
seeing our home! 
 
YEAH!  :)
Julie from Kentucky
 
 

--------------  Original message from Bill Effros <bill at effros.com>: 
--------------  

Julie,

I would  start contacting people now.  Tell them you didn't want to give 
out  your address until you were sure you would get 25 responses by Friday  
night, and now you have 28 so you are going to tell everyone "it's a  go!"

I like busy sales because you never get bored, and you don't  start second 
guessing yourself.

Let them all know you're going to  sell your home to the high bidder Sunday 
night, and that they are bidding  against each other, not against you.

Make sure you have enough  help, and that everyone is singing the same tune.

Don't think you  can spot the real buyers in the crowd.  You can't.

People will  be testing you to see if you're honest.  Be yourself.  They're 
 just people, and one of them is going to buy your home.

Pace  yourself.

Keep the cards and letters coming,

Bill  Effros
Author

_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)   wrote:  
YAHOO! I have 28 calls now...guess that means I'm holding a sale  come 
Sunday. 
 
>From your last letter Bill it sounded like it would be ok  for me to 
contact the individuals and let them know the address; is that  right? If I do...I 
guess that means I can begin giving out the physical  location to future 
callers as well. Or should I just continue doing what  I'm doing and call 
everyone tomorrow night as I originally said I  would--I don't want them to 
think I'm changing the rules as I go. Any  advice?
 
Thus far (and it's only Thursday afternoon where I live) I have  received 
16 calls from Craig's list, 9 from Flyers, and 3 from ads. The  ads we're 
running on Saturday and Sunday will be front page of the  courier journal (we 
lucked out with some open spaces...again yahoo).  there readership is 400,000 
on the weekends...Is it possible we  could have too many people show up? I 
guess I'd love to have to face  that hurdle! :)
 
I have been praying very feverishly, following Bill's advice, and  
believing God is really going to bless this sale! Thanks for all the  recent 
encouragement. I'll keep you posted as I go! 
 
I'm SELLING MY HOUSE SUNDAY! YAHOO!
 
Julie from Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Julie,

I have always given  the address immediately.  In the old days that would 
result in  lines of cars circling the house before the sale, but so what?   
Nobody got in the front door before 10 on Saturday.

The whole  idea here is that you sell your home in 5 days for the most you 
can  possibly get on the day you pick.  The Method I pass on has  worked 
best for the most people.  That doesn't mean that  individual variations can't 
work out, only that I have heard about a  lot of sales, and tried to come up 
with one coherent explanation that  has had the greatest success ratio.

Using the traditional  method, people were not averaging 1 response per 
week.  Now you  have 17 people to talk to in less than 2 days.  There is a fair 
 deal somewhere in this mix, and all you have to do is find  it.

Take Rosemarie's advice to heart.  Every buyer wants  to buy for the lowest 
price.  There is absolutely nothing wrong  with that.  Every seller wants 
to sell for the highest possible  price.  There is absolutely nothing wrong 
with that,  either.  Most people are incredibly honest, and that honesty has  
an aura anyone can pick up.  And they pick up your aura,  too.

If you can establish trust in what you are doing, real  buyers will step up 
and talk to you.  Listen to everyone.   Treat everyone well.  The sharks 
are buying foreclosures from  banks at 60% of current value.  They don't need 
your home at this  time.  Most of the people who attend your sale will be a 
lot like  you.  Treat them as you would want to be treated.

It is a  whole lot of work for 5 days, but you can always make it pay  off. 
 You are well on your way.

Bill  Effros
Author



_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)   wrote:  
YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5  from flyers. 
So far everyone is really excited and can't wait to  find out our address. I 
did run into a situation where 2 of the  potential buyers really wanted an 
address because they are looking  in my area today...but I held to our 
position that we are trying to  be fair to all potential buyers so we are not 
releasing our physical  location until Friday evening but that I would contact 
them by phone  Friday evening with directions. They seemed frustrated, again 
only 2  out of 17, but should I have given them more info?
 
Julie

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Julie,

The process is  daunting in the best of times -- whether you do it by 
yourself or  not.

7 responses from Craigslist is a good sign.

It  does not mean you will get what you are hoping for.

It does  mean there are plenty of people interested in buying your home at  
the current market value.

Stop hoping and praying for 40  responses by Friday night.  Whether you get 
25 or 52 doesn't  really matter.  The fact that you got 7 from Craigslist  
immediately is the best news you could get.

If it doesn't  fill out to 25 by Friday night you must know what you are 
going to  do.  You are not going to say "well, 23 is good  enough."

You have only 2 viable options -- either you tell  everyone who has 
responded that you are going to run the sale next  weekend if you get the rest of 
the responses you need, or you are  going to tell everyone that you cannot 
sell your home at this time  using this method, but you are still interested 
in selling your  home.

So, at the end of day 3, if you had advertised solely  in Craigslist, you 
would have spent nothing, but you would know a  lot more than if you had 
signed up with a broker for 6 months or a  year.

If you decide not to sell your home in 5-Days at this  time, and no one 
else responds, you have located 13 potential  buyers at virtually no cost.  
Very few brokers bring 13  potential buyers to any home for sale in a year -- 
good times or  bad -- and their contracts stipulate that they "own" those 
buyers,  even if the buyer later buys directly from you at a price  
substantially lower than the price listed in the contract, the  broker still gets a 
commission.

Work with the 13 potential  buyers.  Talk to them.  Email them.  Be 
completely  honest with them.  See if you can find a fair deal with any  of them.

If not, wait 3 months and start the 5-Day Method  again, to see if the 
market is any better.

If you locate 25  potential real buyers, and you decide to run your 5-Day 
Sale, you  must commit, in your own mind, to following through on Sunday  
night.  Buyers can hear from your answers whether you are  truly going to sell 
to the high bidder, or if you view the 5-Day  Method as just a "bait and 
switch".  If it sounds like a  "bait and switch" the real buyers will head for 
the exit without  ever leaving a bid.  You would, too.  You can't get the  
highest possible bid without honestly committing to the  sale.

Here we get to a tricky part -- I am not your  lawyer.  And just as I 
cannot sell Janet's house for her  without putting myself in peril, I also cannot 
give you legal  advise without putting myself in peril.

Let me just state  some facts:

1.  A lot of lawyers don't know what they  are talking about.  (50% of them 
graduated from law school in  the bottom half of their class.)
2.  The laws in most  states protect FSBOs.  You are not a professional.  
You  do not have a license.  You are trying to do things  right.
3.  The starting price in an "or best offer" ad is  not legally binding.
4.  Nobody actually "sells" their  home until the "closing".
5.  All you are really trying to  do is "make a deal" Sunday night--and you 
make a non-binding  promise to strike that deal with the high bidder.
6.  The  buyer can back out of the deal right up to the  closing.
7.  The seller can back out of the deal right up  to the closing.
8.  Numerous other parties can kill the  deal, even if the buyer and seller 
both want to go through with  it.

Nobody can get you the price you want if the market  will not support that 
price.  If you use the 5-Day Method you  can get the current market price in 
5-Days--every time--if you  just stick closely to the method.  The method 
"succeeds"  every time for those who use it properly.  The negative  comments 
you read on this forum come from people who blame the  market for their 
mistakes.  They all could have sold their  homes in 5 Days if they were 
prepared to take the current market  value. 

You can, too.  You are well on your way.   I wish you could get today what 
you could have gotten for your  home 3 years ago.  But you can't.  And no 
one else can  either.

5-Day Sales are emotionally draining.  They  compress a lot of major 
financial decisions into a short time  frame.  It would appear you are well on 
your way to being  able to sell your home in 5-Days, provided only you work out 
any  difference between the current market value and the least you are  
able to take.  If you view your 5-Day Sale through this lens  you will be 
offered the most anyone will offer for your home at  this time.

Decide now if you are going to take the  offer.  If not, do not follow 
through with the Inspection and  Round Robin--do something else Friday 
night--you are still far  ahead of the game at minimal cost.

Bill  Effros
Author








_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)   wrote:  
Just thought I'd jump in here...I certainly am not a  pro...but I placed an 
ad on Craigslist today and received 7  responses...Is that good? 
 
So far, between flyers, an ad in the newspaper, and  Craigslist I have 13 
responders in one day? I am hoping and  praying for at least 40 by Friday 
night, with a minimum of the  necessary 25. 
 
This process is a little scary. I was hoping to find more  encouragement on 
this Forum. I understand telling the bad with  the good. But when you are 
doing something that you are  already fearful about...it sure would be good 
to have a little  more assurance of the truth.
 
The truth is until a formal contract is signed neither I  nor the buyer are 
bound to the bidding process.--is that  true?
 
The truth is if this process doesn't work...I have the  names and numbers 
of realtors...investors...and individuals who  have expressed interest in my 
home that I can respond back to at  a later time--is that true?
 
The truth is if I commit to this process...I will know by  Sunday evening a 
very close estimate to what buyers say the  value of my home is for that 
time and date...and I have the  choice to either accept or reject their 
evaluation...of course  with the understanding that I WILL take the highest bid 
Sunday  evening, as long as it meets the banks highest bid of what I owe  on 
it--is that true?
 
Please encourage me! This process is daunting the first  time and just need 
a little encouragement from anyone who has  had success.
 
Julie from Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Agreed.

But it  tells you everything you need to know.

If you want to  sell it now you can only get the current market price.   No 
one can say if that price will be higher or lower 3 months  from now, or 6 
months from now.

You can play around  with 5 Day ads on Craigslist for nothing.

Always start  them late Tuesday night.  If you don't have 2 or 3  responses 
by noon Wednesday, pull the ad and think over what  that means.  It doesn't 
necessarily mean you can't sell  your home, and it doesn't necessarily mean 
you can't get twice  the starting price.

But would you take twice the  starting price? or 90% of what you are hoping 
for?  or  80%?

At 1/2 current market price there should be a lot  of enthusiasm, and the 
fast hit you get on Craigslist means  failing to get 2 or 3 responses by noon 
Sunday must be  interpreted as not enough enthusiasm.

I know you have  been honestly trying to work this out, and you know I have 
 never seen a housing market situation like the one we're  in.  I'll keep 
thinking out loud with you, if you  like.  At some point you'll know what you 
have to  do.

Bill Effros
Author

j crafor wrote:   
Agents here will NOT list for 3 months, unless there is an  automatic 3 
month extension. THEN, according to one contract  I read, there is ANOTHER 
three months beyond that that the  seller cannot sell to anyone without giving 
the agent a  commission, UNLESS it was re-listed with another agent. This  
was a contract from the agent that I had been working with  for 15 years. 

That IS correct, which is why I  decided to do FSBO. 

The last agent that I  talked to, showed the house to at the open houes,  
immediately wanted to list it, 7.5% commission, 9 month  listing....
No thanks. 

 
____________________________________
Date: Wed, 5 Aug 2009 10:34:07 -0400
From: _bill at effros.com_ (mailto:bill at effros.com) 
To:  _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your  home is in a place where it has become extremely difficult  to sell 
homes -- at any price.  Nobody knows what they  are worth at this time.  List 
with an agent for a  limited time period -- let's say 3 months.  See what  
happens.  Let us know.

I believe we are headed  for a lot of inflation.  Homes in some places will 
 start to rise in selling price.  But other homes will  never be sold at 
any price.

Just my opinion -- this  is not my area of expertise.

Bill  Effros
Author

j crafor wrote:  
I had only one response for the 5day from Craigslist,  and more for the 
standard open house on Craigslist.
Was  considering doing a 5day this coming weekend (in Tucson)  but will 
have a standard open house instead.  Sort of  considering listing with an  
agent...
JCrafor

 
____________________________________
From: _Janetislight at aol.com_ (mailto:Janetislight at aol.com) 
Date:  Wed, 5 Aug 2009 09:24:53 -0400
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

Yes, it would be interesting to know how to do this  on Craigslist, since I 
has zero responses from an ad  placed as laid out in the book.
 
Janet
 
 
 
In a message dated 8/4/2009 5:54:54 P.M. Central  Daylight Time, 
_bill at effros.com_ (mailto:bill at effros.com)   writes:

Sue,

You  already understand most of what you've got to  know.

The big change in the 4th edition is that  it is now possible to run a 
5-Day sale with zero  advertising cost.

All you need is  Craigslist.

Start your home at $24,500.  I  know.  It sounds crazy.

But you know you'll  get more than 25 responses by Friday night, and some  
people who say they will never leave St. Louis are going  to drive out just 
to see what's going on.  You will  get the most you can get for your home at 
the present  time.

I have started at absurd prices many times.  Literally a zillion people 
show up, and you must be  ready for them.  There is no question that most of  
them cannot or will not pay what you are hoping  for.  But so what?  3 people 
who know what  your home is currently worth will pop out of the crowd,  bid 
against each other, and you will get the most you  can get for your home on 
the weekend you  pick.

Enough people have computers so that you no  longer have to take telephone 
calls.  You can do  everything on the web -- and the response is  
instantaneous.

Prepare materials to email back to  people before placing the ad.  You can 
send  pictures.  You can explain in detail how you will  run the sale.  
Because you get to write it all out  in advance, you can be sure everyone gets 
the same  information, and you can be sure you have said exactly  what you 
want to say.

I can't tell you exactly  what materials to provide in response to 
Craigslist  inquiries because I don't know yet.  I do know you  will get an 
overwhelming number of responses, and  virtually everyone looking for a home like 
yours will  know yours is available and REALLY will be sold to the  high 
bidder Sunday night.

Unlike Bill, your home  can certainly be sold at this time.  Just like  
Bill, you can know exactly what you've got to do in just  5 Days at no cost.

If you start to develop  "stock" internet responses to Craigslist, let us 
know  what they are, and how they worked.

The  Craigslist headline and body copy work differently than  newspaper 
5-Day Ads.  Again, let us know what  works.

Also, watch the resubmission rules -- you  don't want' to get frozen out of 
Craigslist in the  middle of your 5-Day Sale.  I generally try to run  one 
ad starting Tuesday night and deleting  Thursday.  And an updating ad 
running Friday  Saturday and Sunday.  You should have 25 responses  by Thursday 
night.

Let us know how it goes.   You're on the right track.

Bill  Effros
Author



Sue Pruett wrote:   
I am a big fan of this method.  We  used the first book back in 1995 to 
sell our  first house, and it worked great!  I always  knew we would use this 
method for our second  house.  Well, the time has come to sell our  second 
house!  I purchased the book just  about a month ago.  However, I didn't  
realize there was a third edition until about  two weeks ago.  The seller didn't 
inform me  of this fact!  I'm sure there is a lot in  the third edition 
that would have been helpful  to us!
 
Well, here's where our story stands right  now.  
 
We live in Southern Illinois, across the  Mississippi from St. Louis.  
Homes in our  neighborhood have been selling in the upper  $80's in the past 4 
months.  When we  compare our home to these, some things are  better in ours, 
some are worse.  Ours is  larger than any of them.  We had hoped to  get 
about $90K, but would have been more than  satisfied with $85K.  
 
We tried the sale two weeks ago with ads in  the only daily in town.  We 
got 4  calls.  We postponed the sale.  We  were able to advertise in two 
weeklies, in  addition to the daily.  We broke a big rule  - we only had 17 calls 
by Friday, but went ahead  with the sale.  At least 12 of our callers  were 
so excited about the house, we thought we  were good to go.  Don't break 
that  rule!  We only had 5 families come to look,  and only two bidders, and 
one could not  afford our starting price.  We did get a  $75K offer, and we 
agreed to sell it to  her.
 
The other thing we did was start at  $74,500, because we were scared to 
start  lower.  I'm sure this also contributed  to fewer callers.  We arent' 
sure the  current buyer is going to come through.  We  should know by tonight.  
If she doesn't, we  are purchasing the third edition of the book,  and 
doing it right!  We'll start at  $49,500, and we'll utilize the other 
advertising  methods discussed in the third edition.  I  almost wish the fourth 
edition was already out,  as I'm worried we are behind the times with the  
internet advertising.  
 
I know I've gone on a long time, but I  do have a question - can anyone 
point me to  which internet advertising you all use.   I've never used anything 
but ebay to sell over  the internet, and not for something like a  house!   
 I'd just like to get a  picture of how internet advertising works.   
Thanks so much for sticking with my  story!


Sue Pruett
32950 Delhi  Road
Brighton, IL   62012
618-372-3501
Visit my blogs at _http://www.thecharlottemasongirl.com/_ 
(http://www.thecharlottemasongirl.com/) 
and _http://www.illinoisgreenhome.com_ (http://www.illinoisgreenhome.com/) 
and _http://parentingwithstyle.blogspot.com/_ 
(http://parentingwithstyle.blogspot.com/) 
 
 
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From gnoel88 at yahoo.com  Fri Aug  7 12:22:25 2009
From: gnoel88 at yahoo.com (Gary Noel)
Date: Fri, 7 Aug 2009 09:22:25 -0700 (PDT)
Subject: [5-DayForum] 41 contacts so far!!!
In-Reply-To: <038b01ca1777$432d26a0$6901a8c0@FAMILYROOM>
References: <c61.5132d2a5.37aae225@aol.com><SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl><4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl><4A7A5689.9060800@effros.com><080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><4A7AD96B.9050203@effros.com><080620091529.13134.4A7AF6DC000CFCD40000334E22243323629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><4A7B34EF.1060306@effros.com><080620092038.24213.4A7B3F2F000AED3F00005E9522193100029B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><4A7B47F8.104@effros.com><080720091505.29279.4A7C42B400057CED0000725F22218675169B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<284100.77692.qm@web59509.mail.ac4.yahoo.com>
	<038b01ca1777$432d26a0$6901a8c0@FAMILYROOM>
Message-ID: <391149.54686.qm@web59514.mail.ac4.yahoo.com>

Thank you so much.? I will try using that format next time.




________________________________
From: Bill Barks <barks4444 at comcast.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, August 7, 2009 10:53:52 AM
Subject: Re: [5-DayForum] 41 contacts so far!!!


here's the ad? http://louisville.craigslist.org/reo/1306996049.html
Kind Regards,

----- Original Message ----- 
>From: Gary Noel 
>To: How To Sell Your Home in 5-Days 
>Sent: Friday, August 07, 2009 8:36 AM
>Subject: Re: [5-DayForum] 41 contacts so far!!!
>
>
>Julie, did you use the ad Bill has in his book exactly the way he has laid it out or did you modify it slightly?? You seem to one of the few who have received more than a couple of calls off Craig's and I'd be interested to know what exactly you did.? I'd like to learn.? Would you be willing to share the ad with us?
>
>Gary
>
>
>
>
________________________________
From: "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
>To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
>Sent: Friday, August 7, 2009 10:05:26 AM
>Subject: [5-DayForum] 41 contacts so far!!!
>
>
>Hello. Just?a quick?update--we have 41 contacts so far: 25 from Craig's list, 3 from Facebook, 9 From Flyers, and? 4 from our ads. 
>
>I do have?3 quick questions--People are wanting to have a title search done. Is that something I should provide at the inspection? Or just let all of them do their own prior to our open house? 
>
>Also, how many copies of the restrictions/covenants for our subdivision should I have printed for the Open House/Inspection?
>
>I've printed 100 copies of the quick description, detailed description, and the?rules to the sale, but with this many calls thus far, do you think that will that be enough?
>
>I know there are 3 real buyers in there somewhere. Everyone I've talked to really loves the concept of what we are doing and are looking forward to seeing our home! 
>
>YEAH!? :)
>Julie from Kentucky
>
>
>-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>>
>>Julie,
>>
>>I would start contacting people now.? Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"
>>
>>I like busy sales because you never get bored, and you don't start second guessing yourself.
>>
>>Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.
>>
>>Make sure you have enough help, and that everyone is singing the same tune.
>>
>>Don't think you can spot the real buyers in the crowd.? You can't.
>>
>>People will be testing you to see if you're honest.? Be yourself.? They're just people, and one of them is going to buy your home.
>>
>>Pace yourself.
>>
>>Keep the cards and letters coming,
>>
>>Bill Effros
>>Author
>>
>>juliegorman at bellsouth.net wrote: 
>>YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 
>>>
>>>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?
>>>
>>>Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)
>>>
>>>I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 
>>>
>>>I'm SELLING MY HOUSE SUNDAY! YAHOO!
>>>
>>>Julie from Kentucky
>>>-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>>>>
>>>>Julie,
>>>>
>>>>I have always given the address immediately.? In the old days that would result in lines of cars circling the house before the sale, but so what?? Nobody got in the front door before 10 on Saturday.
>>>>
>>>>The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.? The Method I pass on has worked best for the most people.? That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.
>>>>
>>>>Using the traditional method, people were not averaging 1 response per week.? Now you have 17 people to talk to in less than 2 days.? There is a fair deal somewhere in this mix, and all you have to do is find it.
>>>>
>>>>Take Rosemarie's advice to heart.? Every buyer wants to buy for the lowest price.? There is absolutely nothing wrong with that.? Every seller wants to sell for the highest possible price.? There is absolutely nothing wrong with that, either.? Most people are incredibly honest, and that honesty has an aura anyone can pick up.? And they pick up your aura, too.
>>>>
>>>>If you can establish trust in what you are doing, real buyers will step up and talk to you.? Listen to everyone.? Treat everyone well.? The sharks are buying foreclosures from banks at 60% of current value.? They don't need your home at this time.? Most of the people who attend your sale will be a lot like you.? Treat them as you would want to be treated.
>>>>
>>>>It is a whole lot of work for 5 days, but you can always make it pay off.? You are well on your way.
>>>>
>>>>Bill Effros
>>>>Author
>>>>
>>>>
>>>>
>>>>juliegorman at bellsouth.net wrote: 
>>>>YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?
>>>>>
>>>>>Julie
>>>>>-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>>>>>>
>>>>>>Julie,
>>>>>>
>>>>>>The process is daunting in the best of times -- whether you do it by yourself or not.
>>>>>>
>>>>>>7 responses from Craigslist is a good sign.
>>>>>>
>>>>>>It does not mean you will get what you are hoping for.
>>>>>>
>>>>>>It does mean there are plenty of people interested in buying your home at the current market value.
>>>>>>
>>>>>>Stop hoping and praying for 40 responses by Friday night.? Whether you get 25 or 52 doesn't really matter.? The fact that you got 7 from Craigslist immediately is the best news you could get.
>>>>>>
>>>>>>If it doesn't fill out to 25 by Friday night you must know what you are going to do.? You are not going to say "well, 23 is good enough."
>>>>>>
>>>>>>You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.
>>>>>>
>>>>>>So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.
>>>>>>
>>>>>>If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.? Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.
>>>>>>
>>>>>>Work with the 13 potential buyers.? Talk to them.? Email them.? Be completely honest with them.? See if you can find a fair deal with any of them.
>>>>>>
>>>>>>If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.
>>>>>>
>>>>>>If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.? Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".? If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.? You would, too.? You can't get the highest possible bid without honestly committing to the sale.
>>>>>>
>>>>>>Here we get to a tricky part -- I am not your lawyer.? And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.
>>>>>>
>>>>>>Let me just state some facts:
>>>>>>
>>>>>>1.? A lot of lawyers don't know what they are talking about.? (50% of them graduated from law school in the bottom half of their class.)
>>>>>>2.? The laws in most states protect FSBOs.? You are not a professional.? You do not have a license.? You are trying to do things right.
>>>>>>3.? The starting price in an "or best offer" ad is not legally binding.
>>>>>>4.? Nobody actually "sells" their home until the "closing".
>>>>>>5.? All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
>>>>>>6.? The buyer can back out of the deal right up to the closing.
>>>>>>7.? The seller can back out of the deal right up to the closing.
>>>>>>8.? Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.
>>>>>>
>>>>>>Nobody can get you the price you want if the market will not support that price.? If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.? The method "succeeds" every time for those who use it properly.? The negative comments you read on this forum come from people who blame the market for their mistakes.? They all could have sold their homes in 5 Days if they were prepared to take the current market value. 
>>>>>>
>>>>>>You can, too.? You are well on your way.? I wish you could get today what you could have gotten for your home 3 years ago.? But you can't.? And no one else can either.
>>>>>>
>>>>>>5-Day Sales are emotionally draining.? They compress a lot of major financial decisions into a short time frame.? It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.? If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.
>>>>>>
>>>>>>Decide now if you are going to take the offer.? If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.
>>>>>>
>>>>>>Bill Effros
>>>>>>Author
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>juliegorman at bellsouth.net wrote: 
>>>>>>Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 
>>>>>>>
>>>>>>>So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 
>>>>>>>
>>>>>>>This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are?doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.
>>>>>>>
>>>>>>>The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?
>>>>>>>
>>>>>>>The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?
>>>>>>>
>>>>>>>The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?
>>>>>>>
>>>>>>>Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.
>>>>>>>
>>>>>>>Julie from Kentucky
>>>>>>>-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>>>>>>>>
>>>>>>>>Agreed.
>>>>>>>>
>>>>>>>>But it tells you everything you need to know.
>>>>>>>>
>>>>>>>>If you want to sell it now you can only get the current market price.? No one can say if that price will be higher or lower 3 months from now, or 6 months from now.
>>>>>>>>
>>>>>>>>You can play around with 5 Day ads on Craigslist for nothing.
>>>>>>>>
>>>>>>>>Always start them late Tuesday night.? If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.? It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.
>>>>>>>>
>>>>>>>>But would you take twice the starting price? or 90% of what you are hoping for?? or 80%?
>>>>>>>>
>>>>>>>>At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.
>>>>>>>>
>>>>>>>>I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.? I'll keep thinking out loud with you, if you like.? At some point you'll know what you have to do.
>>>>>>>>
>>>>>>>>Bill Effros
>>>>>>>>Author
>>>>>>>>
>>>>>>>>j crafor wrote: 
>>>>>>>>Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
>>>>>>>>>?
>>>>>>>>>That IS correct, which is why I decided to do FSBO. 
>>>>>>>>>?
>>>>>>>>>The last agent that I talked to, showed the?house to at the open houes, immediately wanted to list it, 7.5% commission,?9 month listing....
>>>>>>>>>No thanks. 
>>>>>>>>>?
>>>>>>>>>________________________________
Date: Wed, 5 Aug 2009 10:34:07 -0400
>>>>>>>>>From: bill at effros.com
>>>>>>>>>To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>>>>>>>>Subject: Re: [5-DayForum] Had a sale last weekend
>>>>>>>>>
>>>>>>>>>JCrafor,
>>>>>>>>>
>>>>>>>>>Your home is in a place where it has become extremely difficult to sell homes -- at any price.? Nobody knows what they are worth at this time.? List with an agent for a limited time period -- let's say 3 months.? See what happens.? Let us know.
>>>>>>>>>
>>>>>>>>>I believe we are headed for a lot of inflation.? Homes in some places will start to rise in selling price.? But other homes will never be sold at any price.
>>>>>>>>>
>>>>>>>>>Just my opinion -- this is not my area of expertise.
>>>>>>>>>
>>>>>>>>>Bill Effros
>>>>>>>>>Author
>>>>>>>>>
>>>>>>>>>j crafor wrote: 
>>>>>>>>>I?had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
>>>>>>>>>>Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.? Sort of considering listing with an agent...
>>>>>>>>>>JCrafor
>>>>>>>>>>?
>>>>>>>>>>________________________________
From: Janetislight at aol.com
>>>>>>>>>>Date: Wed, 5 Aug 2009 09:24:53 -0400
>>>>>>>>>>To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>Subject: Re: [5-DayForum] Had a sale last weekend
>>>>>>>>>>
>>>>>>>>>>Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.
>>>>>>>>>>
>>>>>>>>>>Janet
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
>>>>>>>>>>Sue,
>>>>>>>>>>>
>>>>>>>>>>>You already understand most of what you've got to know.
>>>>>>>>>>>
>>>>>>>>>>>The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.
>>>>>>>>>>>
>>>>>>>>>>>All you need is Craigslist.
>>>>>>>>>>>
>>>>>>>>>>>Start your home at $24,500.? I know.? It sounds crazy.
>>>>>>>>>>>
>>>>>>>>>>>But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.? You will get the most you can get for your home at the present time.
>>>>>>>>>>>
>>>>>>>>>>>I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.? There is no question that most of them cannot or will not pay what you are hoping for.? But so what?? 3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.
>>>>>>>>>>>
>>>>>>>>>>>Enough people have computers so that you no longer have to take telephone calls.? You can do everything on the web -- and the response is instantaneous.
>>>>>>>>>>>
>>>>>>>>>>>Prepare materials to email back to people before placing the ad.? You can send pictures.? You can explain in detail how you will run the sale.? Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.
>>>>>>>>>>>
>>>>>>>>>>>I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.? I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.
>>>>>>>>>>>
>>>>>>>>>>>Unlike Bill, your home can certainly be sold at this time.? Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.
>>>>>>>>>>>
>>>>>>>>>>>If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.
>>>>>>>>>>>
>>>>>>>>>>>The Craigslist headline and body copy work differently than newspaper 5-Day Ads.? Again, let us know what works.
>>>>>>>>>>>
>>>>>>>>>>>Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.? I generally try to run one ad starting Tuesday night and deleting Thursday.? And an updating ad running Friday Saturday and Sunday.? You should have 25 responses by Thursday night.
>>>>>>>>>>>
>>>>>>>>>>>Let us know how it goes.? You're on the right track.
>>>>>>>>>>>
>>>>>>>>>>>Bill Effros
>>>>>>>>>>>Author
>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>Sue Pruett wrote: 
>>>>>>>>>>>I am a big fan of this method.? We used the first book back in 1995 to sell our first house, and it worked great!? I always knew we would use this method for our second house.? Well, the time has come to sell our second house!? I purchased the book just about a month ago.? However, I didn't realize there was a third edition until about two weeks ago.? The seller didn't inform me of this fact!? I'm sure there is a lot in the third edition that would have been helpful to us!
>>>>>>>>>>>>
>>>>>>>>>>>>Well, here's where our story stands right now.? 
>>>>>>>>>>>>
>>>>>>>>>>>>We live in Southern Illinois, across the Mississippi from St. Louis.? Homes in our neighborhood have been selling in the upper $80's in the past 4 months.? When we compare our home to these, some things are better in ours, some are worse.? Ours is larger than any of them.? We had hoped to get about $90K, but would have been more than satisfied with $85K.? 
>>>>>>>>>>>>
>>>>>>>>>>>>We tried the sale two weeks ago with ads in the only daily in town.? We got 4 calls.? We postponed the sale.? We were able to advertise in two weeklies, in addition to the daily.? We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.? At least 12 of our callers were so excited about the house, we thought we were good to go.? Don't break that rule!? We only had 5 families come to look, and only two bidders, and one could?not afford our starting price.? We did get a $75K offer, and we agreed to sell it to her.
>>>>>>>>>>>>
>>>>>>>>>>>>The other thing we did was start at $74,500, because we were scared to start lower.??I'm sure this also contributed to fewer callers.??We arent' sure the current buyer is going to come through.? We should know by tonight.? If she doesn't, we are purchasing the third edition of the book, and doing it right!? We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.? I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.? 
>>>>>>>>>>>>
>>>>>>>>>>>>I know I've gone on a long time, but?I do have a question -?can anyone point me to which internet advertising you all use.? I've never used anything but ebay to sell over the internet, and not for something like?a house!? ? I'd just like to get a picture of how internet advertising works.? Thanks so much for sticking with my story!
>>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>Sue Pruett
>>>>>>>>>>>>32950 Delhi Road
>>>>>>>>>>>>Brighton, IL? 62012
>>>>>>>>>>>>618-372-3501
>>>>>>>>>>>>Visit my blogs at http://www.thecharlottemasongirl.com/
>>>>>>>>>>>>and http://www.illinoisgreenhome.com
>>>>>>>>>>>>and http://parentingwithstyle.blogspot.com/
>>>>>>>>>>>> 
>>>>>>>>>>>>
________________________________

>>>>>>>>>>>>_______________________________________________
>>>>>>>>>>>>5-DayForum mailing list
>>>>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>>>>>>  
>>>>>>>>>>>
>>>>>>>>>>>_______________________________________________
>>>>>>>>>>>5-DayForum mailing list
>>>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>
________________________________

>>>>>>>>>>________________________________
Get back to school stuff for them and cashback for you. Try BingT now. 
>>>>>>>>>>
________________________________

>>>>>>>>>>_______________________________________________
>>>>>>>>>>5-DayForum mailing list
>>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>>>>  
>>>>>>>>>________________________________
Get back to school stuff for them and cashback for you. Try BingT now. 
>>>>>>>>>
________________________________

>>>>>>>>>_______________________________________________
>>>>>>>>>5-DayForum mailing list
>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>>>  
>>>>>>>
________________________________

>>>>>>>_______________________________________________
>>>>>>>5-DayForum mailing list
>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>  
>>>>>
________________________________

>>>>>_______________________________________________
>>>>>5-DayForum mailing list
>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>  
>>>
________________________________

>>>_______________________________________________
>>>5-DayForum mailing list
>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>  
>
________________________________
_______________________________________________
>5-DayForum mailing list
>5-DayForum at mailman.howtosellyourhomein5days.com
>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From barks4444 at comcast.net  Fri Aug  7 12:37:24 2009
From: barks4444 at comcast.net (Bill Barks)
Date: Fri, 7 Aug 2009 09:37:24 -0700
Subject: [5-DayForum] what if the broker doesn't ask about
	protectingthem???
References: <c54.53b15cf5.37ada9a6@aol.com>
Message-ID: <042101ca177d$58031bb0$6901a8c0@FAMILYROOM>

here's the 8/6 ad- appears to be the latest , Posted at 8 Am 
http://louisville.craigslist.org/reo/1308587839.html

this first ad I sent was the 8/5 ad   Posted at 11AM
http://louisville.craigslist.org/reo/1306996049.html
  ----- Original Message ----- 
  From: Janetislight at aol.com 
  To: 5-dayforum at mailman.howtosellyourhomein5days.com 
  Sent: Friday, August 07, 2009 9:00 AM
  Subject: Re: [5-DayForum] what if the broker doesn't ask about protectingthem???


  I wouldn't offer the information.  Maybe that's shady to some.  But, I would still want their clients to come, and that may be part of your negotiations later.

  Janet


  In a message dated 8/7/2009 10:58:54 A.M. Central Daylight Time, juliegorman at bellsouth.net writes:



    Thanks. The calls are continuing! AGGHHH! This is fun!

    I do have another quick question. I have had 2 realtors contact me. They have asked me tons of questions of which I've disclosed everything. They NEVER asked if they would be paid...I didn't bring it up. Should I contact them to let them know they will not be paid realtor fees by me, or should I let them discover that when they bring their client out???

    I've had other realtors ask up front and I told them that we were NOT protecting the broker but what if they don't ask???

    Any thoughts
    Julie from Kentucky
      -------------- Original message from Janetislight at aol.com: -------------- 


      They need to do their own title search if they end up buying the house.  This is generally a contingency upon buying, just like financing is for you.

      I've never heard of the seller paying for the title search, but maybe where you are it's different?  I've been in real estate in 5 states and have not come against that ever.

      I would make the same number of copies that you have made.  I'd keep it at 100 and you can always print more for the second day or have a helper print up some.

      Your excitement is contagious!

      Janet

      In a message dated 8/7/2009 10:10:09 A.M. Central Daylight Time, juliegorman at bellsouth.net writes:



        Hello. Just a quick update--we have 41 contacts so far: 25 from Craig's list, 3 from Facebook, 9 From Flyers, and  4 from our ads. 

        I do have 3 quick questions--People are wanting to have a title search done. Is that something I should provide at the inspection? Or just let all of them do their own prior to our open house? 

        Also, how many copies of the restrictions/covenants for our subdivision should I have printed for the Open House/Inspection?

        I've printed 100 copies of the quick description, detailed description, and the rules to the sale, but with this many calls thus far, do you think that will that be enough?

        I know there are 3 real buyers in there somewhere. Everyone I've talked to really loves the concept of what we are doing and are looking forward to seeing our home! 

        YEAH!  :)
        Julie from Kentucky


          -------------- Original message from Bill Effros <bill at effros.com>: -------------- 

          Julie,

          I would start contacting people now.  Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"

          I like busy sales because you never get bored, and you don't start second guessing yourself.

          Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.

          Make sure you have enough help, and that everyone is singing the same tune.

          Don't think you can spot the real buyers in the crowd.  You can't.

          People will be testing you to see if you're honest.  Be yourself.  They're just people, and one of them is going to buy your home.

          Pace yourself.

          Keep the cards and letters coming,

          Bill Effros
          Author

          juliegorman at bellsouth.net wrote: 
            YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 

            From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?

            Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)

            I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 

            I'm SELLING MY HOUSE SUNDAY! YAHOO!

            Julie from Kentucky
              -------------- Original message from Bill Effros <bill at effros.com>: -------------- 

              Julie,

              I have always given the address immediately.  In the old days that would result in lines of cars circling the house before the sale, but so what?  Nobody got in the front door before 10 on Saturday.

              The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.  The Method I pass on has worked best for the most people.  That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

              Using the traditional method, people were not averaging 1 response per week.  Now you have 17 people to talk to in less than 2 days.  There is a fair deal somewhere in this mix, and all you have to do is find it.

              Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest price.  There is absolutely nothing wrong with that.  Every seller wants to sell for the highest possible price.  There is absolutely nothing wrong with that, either.  Most people are incredibly honest, and that honesty has an aura anyone can pick up.  And they pick up your aura, too.

              If you can establish trust in what you are doing, real buyers will step up and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are buying foreclosures from banks at 60% of current value.  They don't need your home at this time.  Most of the people who attend your sale will be a lot like you.  Treat them as you would want to be treated.

              It is a whole lot of work for 5 days, but you can always make it pay off.  You are well on your way.

              Bill Effros
              Author



              juliegorman at bellsouth.net wrote: 
                YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?

                Julie
                  -------------- Original message from Bill Effros <bill at effros.com>: -------------- 

                  Julie,

                  The process is daunting in the best of times -- whether you do it by yourself or not.

                  7 responses from Craigslist is a good sign.

                  It does not mean you will get what you are hoping for.

                  It does mean there are plenty of people interested in buying your home at the current market value.

                  Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

                  If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

                  You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

                  So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

                  If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

                  Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

                  If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

                  If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

                  Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

                  Let me just state some facts:

                  1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
                  2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
                  3.  The starting price in an "or best offer" ad is not legally binding.
                  4.  Nobody actually "sells" their home until the "closing".
                  5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
                  6.  The buyer can back out of the deal right up to the closing.
                  7.  The seller can back out of the deal right up to the closing.
                  8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

                  Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

                  You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

                  5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

                  Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

                  Bill Effros
                  Author








                  juliegorman at bellsouth.net wrote: 
                    Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

                    So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

                    This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

                    The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

                    The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

                    The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

                    Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

                    Julie from Kentucky
                      -------------- Original message from Bill Effros <bill at effros.com>: -------------- 

                      Agreed.

                      But it tells you everything you need to know.

                      If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

                      You can play around with 5 Day ads on Craigslist for nothing.

                      Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

                      But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

                      At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

                      I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

                      Bill Effros
                      Author

                      j crafor wrote: 
                        Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
                         
                        That IS correct, which is why I decided to do FSBO. 
                         
                        The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
                        No thanks. 
                         

--------------------------------------------------------
                        Date: Wed, 5 Aug 2009 10:34:07 -0400
                        From: bill at effros.com
                        To: 5-dayforum at mailman.howtosellyourhomein5days.com
                        Subject: Re: [5-DayForum] Had a sale last weekend

                        JCrafor,

                        Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

                        I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

                        Just my opinion -- this is not my area of expertise.

                        Bill Effros
                        Author

                        j crafor wrote: 
                          I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
                          Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
                          JCrafor
                           

------------------------------------------------------
                          From: Janetislight at aol.com
                          Date: Wed, 5 Aug 2009 09:24:53 -0400
                          To: 5-dayforum at mailman.howtosellyourhomein5days.com
                          Subject: Re: [5-DayForum] Had a sale last weekend


                          Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

                          Janet


                          In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
                            Sue,

                            You already understand most of what you've got to know.

                            The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

                            All you need is Craigslist.

                            Start your home at $24,500.  I know.  It sounds crazy.

                            But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

                            I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

                            Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

                            Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

                            I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

                            Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

                            If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

                            The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

                            Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

                            Let us know how it goes.  You're on the right track.

                            Bill Effros
                            Author



                            Sue Pruett wrote: 
                                I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

                                Well, here's where our story stands right now.  

                                We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

                                We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

                                The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

                                I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


                                Sue Pruett
                                32950 Delhi Road
                                Brighton, IL  62012
                                618-372-3501
                                Visit my blogs at http://www.thecharlottemasongirl.com/
                                and http://www.illinoisgreenhome.com
                                and http://parentingwithstyle.blogspot.com/
                                 

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From npergakes at hotmail.com  Fri Aug  7 12:49:42 2009
From: npergakes at hotmail.com (nicholas pergakes)
Date: Fri, 7 Aug 2009 12:49:42 -0400
Subject: [5-DayForum] 5-DayForum Digest, Vol 29, Issue 10
In-Reply-To: <mailman.213.1249572621.1680.5-dayforum@mailman.howtosellyourhomein5days.com>
References: <mailman.213.1249572621.1680.5-dayforum@mailman.howtosellyourhomein5days.com>
Message-ID: <BAY144-W646116112F84DF3F167A2BD0B0@phx.gbl>


Please remove me from your email list.
Thanks,Nick

From: 5-dayforum-request at mailman.howtosellyourhomein5days.com
Subject: 5-DayForum Digest, Vol 29, Issue 10
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thu, 6 Aug 2009 11:30:21 -0400

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--Forwarded Message Attachment--
From: artchr61 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thu, 6 Aug 2009 06:15:12 -0700
Subject: Re: [5-DayForum] How am I doing so far...a little encouragement	please!?!



I know what you mean about looking for some positive reinforcement! I think that it's great that you're getting responses to your ads and hopefully your will be one of the success stories on this forum!  From what I found with my research before I tried my 5 day sale, nothing is final until you have a signed contract and you could accept any bid you want. And I'm sure you can call any of the contacts at a later date if they're still interested.  I only had 8 responses in total, postponed my 5 day sale, changed it to a traditional open house, and contacted the people who had called me and notified them.  Only 1 of them came to my open house.
I wish I could tell you that the process worked for me, but maybe in your area things will be different. It can't hurt to give it a try.  I know I feel better knowing that I at least gave it a shot.
Good luck and let us know how it goes!  
 
Leslie



From: "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, August 6, 2009 6:30:07 AM
Subject: [5-DayForum] How am I doing so far...a little encouragement please!?!



Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 
 
So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 
 
This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.
 
The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?
 
The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?
 
The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?
 
Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.
 
Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be
 a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 


Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will
 never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 


I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.
 
Janet
 
 

In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for. 
 But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and
 REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 





I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!
 
Well, here's where our story stands right now.  
 
We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  
 
We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.
 
The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  
 
I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/
 
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--Forwarded Message Attachment--
From: Janetislight at aol.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thu, 6 Aug 2009 09:22:12 -0400
Subject: Re: [5-DayForum] FEAR








You must have me confused with someone else.  I sold my house and am 
now on another.  "The bad apple of the bunch."  My references to 
Craigslist is my personal experience.
 
Janet
 

In a message dated 8/5/2009 11:39:32 P.M. Central Daylight Time, 
bill at effros.com writes:
Janet,

You know I can't legally do 
  that.  Maybe Leslie doesn't.

In fact, I have never taken money for 
  helping people sell their homes, I make no money from maintaining this Forum, 
  I take no advertising, I give no endorsements, and while I have probably 
  earned a quarter of million dollars from the sale of the book, that is over a 
  22 year period, and it is hardly enough to sustain a family of 4.

I 
  recommend a method I stumbled across when I was in trouble.  I honestly 
  believe it is the best way for anyone to sell a home.  Friends and family 
  ask for my help whenever they have homes to sell.  I have corresponded 
  with literally thousands of people who have successfully used the 
  method.  When someone tries something that works, I try it, too.  I 
  am constantly modifying the Method as I learn to implement it better.  If 
  something consistently fails, I tell everyone I know to not use a technique 
  that has a lower success rate.

I am sorry if you and Leslie paid too 
  much for the homes you are trying to sell, however you both seem intent on 
  killing the messenger to get revenge.  That is really not helpful to 
  FSBOs.

We are all living through difficult times.  The 5-Day 
  Method does not change the market.  I answer a lot of questions, but it 
  seems to me I told you from the outset that the modification you decided upon 
  would not work--or do I have you confused with someone else?

Craigslist 
  costs FSBOs nothing.  If they follow the central concepts in my book, and 
  use only Craigslist, they can know in 3 days whether they can sell their homes 
  for anything close to what they are hoping for--and if they can't, they should 
  cancel the sale right then and there!  

You can't fool the 
  market!

Bill Effros
Author

Janetislight at aol.com wrote: 
  
    
    Leslie,
     
    Let me know if he takes you up on it.  LOL
     
    Janet
     
    
    In a message dated 8/5/2009 3:47:02 P.M. Central Daylight Time, artchr61 at yahoo.com writes:
    
      
      Dear Bill,
      I second the motion, and I will tell anyone thinking of doing a 5 day 
      sale to think twice about buying your new book. Craigslist is obviously 
      not the holy grail of advertising you're making it out to be. For example, 
      when someone is searching for real estate on Craigslist, they put in a 
      town AND a price range. If you list your home for 24,500 no one will 
      see it because no one will be searching at that price point.
      By the way, Bill, since you've been running successful 5 day sales 
      for the past 20 years, I would be more than happy to pay you a commission 
      to come to my home and help me out!  Just let me know when to expect 
      you!!
       
      Leslie
      
      
      
      From: "Janetislight at aol.com" <Janetislight at aol.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Wednesday, August 5, 2009 
      3:02:06 PM
Subject: Re: 
      [5-DayForum] FEAR


      
      
      This was my experience Exactly!  I did sell a home on Craigslist 
      before, but it was at market price.  I'm sure those that saw my price 
      on this last property just thought it was bull and moved on because no way 
      would even a foreclosure sell for that amount in the neighborhood that my 
      house was in.  If this next book is going to be about Craigslist 
      only..... I'm not buying it.
       
      Janet
       
      
      In a message dated 8/5/2009 11:27:00 A.M. Central Daylight Time, artchr61 at yahoo.com writes:
      
        
        I'm not quite sure what to make of all this right now. I know 
        in my neighborhood homes are selling and have sold in the 
        400,000-550,000 range. Some homes in my town are selling currently for 
        quite a bit more, so this is not one of the depressed areas.  (I am 
        in the north suburbs of Chicago) 
        I tried the 5 day sale and listed my house in 3 major papers, 
        Craigslist, and Kijiji. The newspapers are not only in print, but online 
        versions as well. I followed Bill's layout exactly.  I have been 
        told by 2 realtors that my home is worth about 500,000 in today's 
        market; it would have been closer to 600,000 a few years ago. I listed 
        my house for 249,500 (magic number!) but got no repsonses from any 
        internet advertising, only from the newspapers. I got 8 calls from 
        people, told them about my house and then emailed to them further 
        information if they wanted more.  I ended up changing my 5 day sale 
        to a traditional open house and informed the 8 people that contacted me 
        about the change. Only 1 of those people showed up a my open house. 
        >From signs I put out on the street I got an additional 6 
        families.
        From what I've read here on the forum, NO ONE is getting responses 
        from Craigslist. Craigslist is not for people looking to spend a large 
        amount of money. Craigslist is for people looking for deals on stuff, 
        not real estate (not to mention all the scams on Craigslist) I have 
        only had luck on Craigslist when I am selling stuff at a bargain price 
        or giving things away to clean out my garage. That's it.
        Bill, if you think that Craigslist is the answer, you're on the 
        wrong track. I don't think anyone here at the forum has had ANY success 
        with Craigslist. And I think that putting a ridiculously low price on 
        the house would just make people suspicious about scams and run down 
        foreclosures, especially on Craigslist.
         
        Leslie

        

        
        
        From: Bill Effros <bill at effros.com>
To: How To Sell Your Home in 5-Days 
        <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, August 5, 2009 
        7:53:21 AM
Subject: Re: 
        [5-DayForum] FEAR

Gary,

What is the rest of 
        this story?

What do you think these properties are currently 
        worth?

Let's start with property 2.

You had a complete 
        failure with property 1 but you decided to try property 2 
        anyhow.

You imply it is worth at least $300,000, which would mean 
        your starting price was $149,500.  22 people showed up, you got 11 
        bids, and the highest one was $75,000.

I've been running 5 Day 
        Sales for more than 20 years, and I've never heard of a single instance 
        where people followed the method and the best price they were offered 
        was 50% of a starting price that was 50% of current market 
        value.

By the way, what did you pay for the property, and when 
        did you buy it?

This Forum seems to have attracted a lot of 
        speculators who paid more for properties than they are worth, and now 
        want to blame the market for their miscalculations.

The 
        successful speculators are making a fortune using the 5-Day Method, and 
        many use it exclusively.  I hear from them constantly--many are 
        selling multiple properties every single weekend.  They know what 
        to pay, and they immediately turn around and sell.  If you look 
        back in the archives, some of them pop up once or twice, but basically 
        they have neither time nor interest in explaining what they are 
        doing.  If you paid too much for the properties you are trying to 
        sell, neither the  5-Day Method nor anything else is going to bail 
        you out.

Bill Effros
Author



Gary Noel 
        wrote: 
        
          
          Bill, have you run a 5 day sale in the last month?  I 
          have!  A townhouse where nothing sold in the complex for less 
          than $150,000 in the last 3 months, 6 months or year.  That 
          includes the bank (trashed) REO's that sold in the complex.  
          There are two properties that were listed on the MLS for $189,000 
          that are currently under contract.  We did the 5 day and the 
          highest bid we received was $94,000.  The property is in great 
          condition but yet the highest bid was $94,000.  By the way the 
          trashed REO that sold less than 2 months ago sold for $150,000.  
          I don't remember how many window were broken nor the number of holes 
          in the wall, etc.
           
          And property number 2 we did a 5 day this last weekend.  No 
          model like this sold for under $300,000 and the last one that sold was 
          for $469,000 in this area.  The highest bid we received was 
          $75,000.  We had a lot more than the 25 minimum calls, 22 people 
          show up, 11 people put bid amounts and a high bid of $75,000 Sunday 
          night.
           
          Let me know how your 5 day goes.

          

          
          
          From: Bill Barks <barks4444 at comcast.net>
To: How To Sell Your Home in 
          5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Tuesday, August 4, 2009 
          3:04:01 PM
Subject: 
          Re: [5-DayForum] FEAR

I disagree that the process is not 
          working.  I think it is working.  The 
discrepancy in the 
          price delivered through the 5-day sale and the price 
expected by 
          the seller is that  there aren't buyers out there willing to pay 
          
what the seller thinks it is worth.  therefore the seller is 
          wrong in their 
estimation.  In any market the house is only 
          worth what someone is willing 
to pay for it.  So in fact the 
          process is working .  it is identifying what 
the house is 
          worth in your market at the time the sale is run.  Likely the 
          
number is what it sold for 10-12 years ago before the unjustified 
          run-up in 
housing prices. -the bubble.

Some experts say the 
          sub-prime mess is nothing compared to the "prime mess 
we are about 
          to see.

I am having first hand experience with this - a 1.2 
          million dollar purchase 
in Nov '06 of 300' of western-facing 
          waterfront - with a 2900'sq ft well 
constructed fully remodeled 
          ranch house and 650' sq ft guest house. in a 
rural area of the 
          Puget  Sound region of Western Washington state,. 
Currently 
          there are 32 homes on the market in my price range with only 2 
          
sales since March.    Other than a 5-day sale, which I 
          plan to run next 
week,  it is very difficult to ascertain the 
          value of a property.  I ran 
some hypothetical "bargain" # s 
          by a realtor in the area for 27 years --I 
asked " what about $ 
          850,000 ?- would that get buyers excited ?- his reply 
was "join 
          the club, there are homes currently listed at 1/2 of what they 
          
were listed 1 year ago--and no interest.  the buyers just 
          aren't there".

That is the real FEAR issue- buyers a afraid to 
          buy what may likely turn out 
to be a depreciating liability , 
          rather than an asset.  And what bank would 
want to loan in 
          that situation?

So run the 5-day sale --to the book...and there 
          will be your answer as to 
what your house is worth....and then 
          make your plan accordingly --rather 
than on what you "wish" your 
          home would sell for.




----- Original Message ----- 
          
From: "Steven Herbert" <sterbert at yahoo.com>
To: 
          "How To Sell Your Home in 5-Days" 
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: 
          Tuesday, August 04, 2009 12:06 PM
Subject: Re: [5-DayForum] 
          FEAR


I'm a little irritated. The BOOK claims that you can 
          get the best possible 
price by using Bill's method--that hasn't 
          been the case on this forum, for a 
long while). So SUCCESSES are 
          being defined as any sell for any price ("at 
least you got an 
          offer" kind of success).

Knowing the best advertising in your 
          area is a complicated process. 
Advertising rules have changed in 
          Tacoma--Seattle area (1 newspaper just 
retired itself) and few 
          hits came from Craigslist. No system is perfect so I 
don't believe 
          as religious truth that "3 real buyers" will show up if you 
price 
          the house at 50% ... b/c folks actually believe that 50% is a 
          
possiblity.

Just my thoughts and opinions. I'm here on the 
          forum listening for info but 
I listed w/flat-fee MLS just 
          recently.

Steven


--- On Tue, 8/4/09, Gary Noel 
          <gnoel88 at yahoo.com> 
          wrote:

> From: Gary Noel <gnoel88 at yahoo.com>
> 
          Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in 
          5-Days" 
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> 
          Date: Tuesday, August 4, 2009, 1:53 PM
> Hi
> 
          Rosemarie,
>
> You mentioned something about having two 
          successful
> auctions. Can you share with us what you did to 
          have
> such a wonderful experience? I've personally 
          tried
> two so far and advertised in many ways Bills'
> 
          doesn't mention. For example, passing out flyers
> and putting 
          up signs on street corners. In tracking
> the calls very few 
          came from the newspaper and internet
> while most all came from 
          the flyers and signs. Even
> though I had 22 people come to the 
          auction with 11 initial
> biders, the top bid was about one 
          third of the current
> value. So my question to anyone who can 
          help is: what
> can be done to get the bid up to a little closer 
          to market
> value? Nothing in the area has sold for less than 
          four
> times the highest bid we received on this 
          model.
>
>
>
>
>
> From:
> 
          rosemarie-fred <rosemarie-fred at mindspring.com>
> 
          To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> 
          Sent:
> Tuesday, August 4, 2009 7:01:56 AM
> Subject: 
          Re:
> [5-DayForum] FEAR
>
>
> #yiv206810613 
          DIV {
> MARGIN:0px;}
>
>
> Leslie -
> 
          There are lots of success
> stories. You haven't been on this 
          forum very long, or
> you would know that Bill does read it and 
          weighs in when he
> thinks it's worth it. Since this forum is 
          about his
> methods, I think we should be a little more polite 
          about it,
> at least!
> I have had two successful
> 
          sales, and am planning another. If you read the archives you
> 
          will find plenty of them.
> There are factors that
> 
          affect how things work that have nothing to do with the
> book, 
          but Bill always says that if you run the sale
> according to his 
          methods you will find out the value of the
> house to the 
          marketplace at that time. The 5-day sale is
> usually ahead of 
          the rest of the market.
> Bill is now working on the
> 
          fourth edition, which may be why we are not hearing from him
> 
          as much as usual. I know we are all interested to know what
> he 
          will change. I know there will be more emphasis on
> internet 
          advertising.
> Let us know if you are
> successful with 
          the realtor.
> Rosemarie
>
> ----- Original Message 
          -----
>
> From: Leslie Michaels
>
> To: 
          How
> To Sell Your Home in 5-Days
> Sent: Monday, 
          August
> 03, 2009 11:39 PM
> Subject: Re:
> 
          [5-DayForum] FEAR
>
>
>
> I would have to say 
          that the book is very out dated
> for this real estate economy. 
          I have yet to hear of any real
> positive feedback in favor of 
          the book and the methods it
> promotes. I think the forum is a 
          great way to find out what
> really works, not what Bill Effros 
          wrote...(maybe he should
> be reading this forum as well!) I 
          followed the
> book with regards to newspaper ads and some signs 
          but it was
> very disappointing. I spent nearly 600.00 in 
          advertising
> with nothing to show. Flyers probably wouldn't 
          work in
> my area since most people around here just throw them 
          away.
> I live in an upper middle class town near Chicago 
          and
> I've tried the flat fee MLS with some showings and 
          no
> offers, Bill's book with no success at all, and now
> 
          I'm going with a full service realtor at the end of
> the month. 
          Homes in my area are selling with full
> service realtors, so 
          I'm going that route and hopefully
> I can sell my house by the 
          end of the year. I
>  personally won't waste any more time 
          or money with
> Bill's plan, but if anyone out there has a good 
          success
> story, I'd love to hear it!!
>
> 
          Leslie
>
>
>
>
> From: Gary
> Noel 
          <gnoel88 at yahoo.com>
> 
          To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> 
          Sent: Monday,
> August 3, 2009 10:25:42 PM
> Subject: 
          Re:
> [5-DayForum] FEAR
>
>
>
> Actually 
          I'm not sure when would be the best time
> to have the auction. 
          But I will add this. The
> flyers and signs were by far the 
          biggest draw.
> We'll figure out what works and what 
          doesn't.
> It may be just doing something completely different 
          that the
> book does have in 
          it.
>
>
>
>
>
> From:
> 
          Stephanie Glazar <sglazar at yahoo.com>
> 
          To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> 
          Sent: Monday,
> August 3, 2009 6:57:58 PM
> Subject: 
          Re:
> [5-DayForum] 
          FEAR
>
>
>
>
>
>
> Thanks 
          for your story Gary!
> After sending the email, I've had some 
          time to
> think. The truly scary thing would be to be stuck 
          with
> the property for another winter with the 200 dollar 
          monthly
> heating bill and the 600 dollar mortgage and the 
          garbage
> bill, taxes, etc.! I'm here at a Panera's
> 
          reading the book from cover to cover. I had just read
> enough 
          to be interested. My realtor showed my home to
> only 3 people 
          in a year.....actually, it was one until I
> complained and in 
          June 2 more people were shown my
> home. I got out of my 
          contract and the
> home's got to go. I like your idea 
          about
> flyers in the neighborhood. I'm going to do 
          that!
>
>
> I was aiming for the end of August. Do 
          you
> suppose that's a better date than the first week 
          of
> September?
> 
          Stephanie
>
>
>
>
>
>
> 
          Stephanie S.
> Glazar
> 412-443-5670
> 
          (cell)
> sglazar at yahoo.com
>
> 
          --- On Mon, 8/3/09, Gary Noel
> <gnoel88 at yahoo.com> 
          wrote:
>
>
> From: Gary Noel <gnoel88 at yahoo.com>
> 
          Subject: Re: [5-DayForum] FEAR
> To: "How To Sell Your Home in 
          5-Days"
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> 
          Date: Monday, August 3, 2009, 6:06 
          PM
>
>
>
>
>
>
> Hi 
          Stephanie,
>
> We did 2 round robin auctions, one this 
          last week end
> and th other two week ends ago. The 
          first
> one was a townhouse in great condition. Nothing in 
          the
> complex has sold under $150,000. Our highest offer 
          was
> $94,000. The other property needed work but when 
          fixed
> up would be worth in the $300's. I don't even
> 
          want to tell you what the highest offer was.
>
> We passed 
          out 1500 flyers door to door, put an ad in
> the paper, put 
          signs on just about every street corner for
> blocks around the 
          property, had a large orange sign in front
> of the property, 
          rented a wind dancer to draw attention, had
> about 8 other 
          signs in front of the property, had the strip
> of flags 
          streched out. Yah, it was a little
> disappointing. But we will 
          probably try it again on
> another property and try a few things 
          differently to see if
> we can get better results. I believe 
          this method
> should work. I just don't know what the 
          missing
> link is yet.
>
>
> 
          Gary
>
>
>
>
>
> From:
> 
          Stephanie Glazar <sglazar at yahoo.com>
> 
          To:
> 5-dayforum at howtosellyourhomein5days.com
> 
          Sent: Sunday,
> August 2, 2009 11:19:20 PM
> 
          Subject:
> [5-DayForum] 
          FEAR
>
>
>
>
>
>
> 5-day 
          forum,
> I am frightened that we will sell our house for 
          much
> much less than what it is worth because of the 
          market.
> My realtor only showed my home to 3 people in a 
          year.
> I fought to have my contract voided because of that 
          and
> won. Last year, August 2008, I had hopes of selling 
          my
> home for $55,000. According to the book, I should 
          set
> the price at one-half that, at $27,000 and then drop down 
          to
> the magic 500 number, so my ad should read $26,500. 
          I
> am very worried that this would be what my house would 
          sell
> at. I need $23,300.00 to pay off the home equity 
          loan
> attached to the home.
>
> The book I bought 
          was copyrighted, 2007. Does
> this method hold true for this 
          terrible real estate market
> in 2009? I would appreciate any 
          positive comment.
>
> 
          Stephanie
>
>
>
>
>
> Stephanie 
          S.
> Glazar
> 412-443-5670
> 
          (cell)
>
>
> sglazar at yahoo.com
>
>
> 
          -----Inline Attachment Follows-----
>
>
> 
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> 
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>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
> 
          _______________________________________________
> 5-DayForum 
          mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> 
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>
>
>
>
>
>
>
>
>
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> 
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>




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--Forwarded Message Attachment--
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thu, 6 Aug 2009 09:23:55 -0400
Subject: Re: [5-DayForum] How am I doing so far...a little	encouragement	please!?!






  


Julie,



The process is daunting in the best of times -- whether you do it by
yourself or not.



7 responses from Craigslist is a good sign.



It does not mean you will get what you are hoping for.



It does mean there are plenty of people interested in buying your home
at the current market value.



Stop hoping and praying for 40 responses by Friday night.  Whether you
get 25 or 52 doesn't really matter.  The fact that you got 7 from
Craigslist immediately is the best news you could get.



If it doesn't fill out to 25 by Friday night you must know what you are
going to do.  You are not going to say "well, 23 is good enough."



You have only 2 viable options -- either you tell everyone who has
responded that you are going to run the sale next weekend if you get
the rest of the responses you need, or you are going to tell everyone
that you cannot sell your home at this time using this method, but you
are still interested in selling your home.



So, at the end of day 3, if you had advertised solely in Craigslist,
you would have spent nothing, but you would know a lot more than if you
had signed up with a broker for 6 months or a year.



If you decide not to sell your home in 5-Days at this time, and no one
else responds, you have located 13 potential buyers at virtually no
cost.  Very few brokers bring 13 potential buyers to any home for sale
in a year -- good times or bad -- and their contracts stipulate that
they "own" those buyers, even if the buyer later buys directly from you
at a price substantially lower than the price listed in the contract,
the broker still gets a commission.



Work with the 13 potential buyers.  Talk to them.  Email them.  Be
completely honest with them.  See if you can find a fair deal with any
of them.



If not, wait 3 months and start the 5-Day Method again, to see if the
market is any better.



If you locate 25 potential real buyers, and you decide to run your
5-Day Sale, you must commit, in your own mind, to following through on
Sunday night.  Buyers can hear from your answers whether you are truly
going to sell to the high bidder, or if you view the 5-Day Method as
just a "bait and switch".  If it sounds like a "bait and switch" the
real buyers will head for the exit without ever leaving a bid.  You
would, too.  You can't get the highest possible bid without honestly
committing to the sale.



Here we get to a tricky part -- I am not your lawyer.  And just as I
cannot sell Janet's house for her without putting myself in peril, I
also cannot give you legal advise without putting myself in peril.



Let me just state some facts:



1.  A lot of lawyers don't know what they are talking about.  (50% of
them graduated from law school in the bottom half of their class.)

2.  The laws in most states protect FSBOs.  You are not a
professional.  You do not have a license.  You are trying to do things
right.

3.  The starting price in an "or best offer" ad is not legally binding.

4.  Nobody actually "sells" their home until the "closing".

5.  All you are really trying to do is "make a deal" Sunday night--and
you make a non-binding promise to strike that deal with the high bidder.

6.  The buyer can back out of the deal right up to the closing.

7.  The seller can back out of the deal right up to the closing.

8.  Numerous other parties can kill the deal, even if the buyer and
seller both want to go through with it.



Nobody can get you the price you want if the market will not support
that price.  If you use the 5-Day Method you can get the current market
price in 5-Days--every time--if you just stick closely to the method. 
The method "succeeds" every time for those who use it properly.  The
negative comments you read on this forum come from people who blame the
market for their mistakes.  They all could have sold their homes in 5
Days if they were prepared to take the current market value. 



You can, too.  You are well on your way.  I wish you could get today
what you could have gotten for your home 3 years ago.  But you can't. 
And no one else can either.



5-Day Sales are emotionally draining.  They compress a lot of major
financial decisions into a short time frame.  It would appear you are
well on your way to being able to sell your home in 5-Days, provided
only you work out any difference between the current market value and
the least you are able to take.  If you view your 5-Day Sale through
this lens you will be offered the most anyone will offer for your home
at this time.



Decide now if you are going to take the offer.  If not, do not follow
through with the Inspection and Round Robin--do something else Friday
night--you are still far ahead of the game at minimal cost.



Bill Effros

Author

















juliegorman at bellsouth.net wrote:


  Just thought I'd jump in here...I certainly am not a pro...but I
placed an ad on Craigslist today and received 7 responses...Is that
good? 
   
  So far, between flyers, an ad in the newspaper, and Craigslist I
have 13 responders in one day? I am hoping and praying for at least 40
by Friday night, with a minimum of the necessary 25. 
   
  This process is a little scary. I was hoping to find more
encouragement on this Forum. I understand telling the bad with the
good. But when you are doing something that you are already fearful
about...it sure would be good to have a little more assurance of the
truth.
   
  The truth is until a formal contract is signed neither I nor the
buyer are bound to the bidding process.--is that true?
   
  The truth is if this process doesn't work...I have the names and
numbers of realtors...investors...and individuals who have expressed
interest in my home that I can respond back to at a later time--is that
true?
   
  The truth is if I commit to this process...I will know by Sunday
evening a very close estimate to what buyers say the value of my home
is for that time and date...and I have the choice to either accept or
reject their evaluation...of course with the understanding that I WILL
take the highest bid Sunday evening, as long as it meets the banks
highest bid of what I owe on it--is that true?
   
  Please encourage me! This process is daunting the first time and
just need a little encouragement from anyone who has had success.
   
  Julie from Kentucky
  --------------
Original message from Bill Effros <bill at effros.com>:
-------------- 

    

    Agreed.

    

But it tells you everything you need to know.

    

If you want to sell it now you can only get the current market price. 
No one can say if that price will be higher or lower 3 months from now,
or 6 months from now.

    

You can play around with 5 Day ads on Craigslist for nothing.

    

Always start them late Tuesday night.  If you don't have 2 or 3
responses by noon Wednesday, pull the ad and think over what that
means.  It doesn't necessarily mean you can't sell your home, and it
doesn't necessarily mean you can't get twice the starting price.

    

But would you take twice the starting price? or 90% of what you are
hoping for?  or 80%?

    

At 1/2 current market price there should be a lot of enthusiasm, and
the fast hit you get on Craigslist means failing to get 2 or 3
responses by noon Sunday must be interpreted as not enough enthusiasm.

    

I know you have been honestly trying to work this out, and you know I
have never seen a housing market situation like the one we're in.  I'll
keep thinking out loud with you, if you like.  At some point you'll
know what you have to do.

    

Bill Effros

Author

    

j crafor wrote:
    
      Agents
here will NOT list for 3 months, unless there is an automatic 3 month
extension. THEN, according to one contract I read, there is ANOTHER
three months beyond that that the seller cannot sell to anyone without
giving the agent a commission, UNLESS it was re-listed with another
agent. This was a contract from the agent that I had been working with
for 15 years. 

 

That IS correct, which is why I decided to do FSBO. 

 

The last agent that I talked to, showed the house to at the open houes,
immediately wanted to list it, 7.5% commission, 9 month listing....

No thanks. 

 

      
Date: Wed, 5 Aug 2009 10:34:07 -0400

From: bill at effros.com

To: 5-dayforum at mailman.howtosellyourhomein5days.com

Subject: Re: [5-DayForum] Had a sale last weekend

      

      JCrafor,

      

Your home is in a place where it has become extremely difficult to sell
homes -- at any price.  Nobody knows what they are worth at this time. 
List with an agent for a limited time period -- let's say 3 months. 
See what happens.  Let us know.

      

I believe we are headed for a lot of inflation.  Homes in some places
will start to rise in selling price.  But other homes will never be
sold at any price.

      

Just my opinion -- this is not my area of expertise.

      

Bill Effros

Author

      

j crafor wrote:
      
        I had
only one response for the 5day from Craigslist, and more for the
standard open house on Craigslist.

Was considering doing a 5day this coming weekend (in Tucson) but will
have a standard open house instead.  Sort of considering listing with
an agent...

JCrafor

 

        
From: Janetislight at aol.com

Date: Wed, 5 Aug 2009 09:24:53 -0400

To: 5-dayforum at mailman.howtosellyourhomein5days.com

Subject: Re: [5-DayForum] Had a sale last weekend

        

        
        Yes, it would be interesting to know how to do this on
Craigslist, since I has zero responses from an ad placed as laid out in
the book.
         
        Janet
         
         
        
        In a message dated 8/4/2009 5:54:54 P.M. Central Daylight
Time, bill at effros.com
writes:
        Sue,

          

You already understand most of what you've got to know.

          

The big change in the 4th edition is that it is now possible to run a
5-Day sale with zero advertising cost.

          

All you need is Craigslist.

          

Start your home at $24,500.  I know.  It sounds crazy.

          

But you know you'll get more than 25 responses by Friday night, and
some people who say they will never leave St. Louis are going to drive
out just to see what's going on.  You will get the most you can get for
your home at the present time.

          

I have started at absurd prices many times. Literally a zillion people
show up, and you must be ready for them.  There is no question that
most of them cannot or will not pay what you are hoping for.  But so
what?  3 people who know what your home is currently worth will pop out
of the crowd, bid against each other, and you will get the most you can
get for your home on the weekend you pick.

          

Enough people have computers so that you no longer have to take
telephone calls.  You can do everything on the web -- and the response
is instantaneous.

          

Prepare materials to email back to people before placing the ad.  You
can send pictures.  You can explain in detail how you will run the
sale.  Because you get to write it all out in advance, you can be sure
everyone gets the same information, and you can be sure you have said
exactly what you want to say.

          

I can't tell you exactly what materials to provide in response to
Craigslist inquiries because I don't know yet.  I do know you will get
an overwhelming number of responses, and virtually everyone looking for
a home like yours will know yours is available and REALLY will be sold
to the high bidder Sunday night.

          

Unlike Bill, your home can certainly be sold at this time.  Just like
Bill, you can know exactly what you've got to do in just 5 Days at no
cost.

          

If you start to develop "stock" internet responses to Craigslist, let
us know what they are, and how they worked.

          

The Craigslist headline and body copy work differently than newspaper
5-Day Ads.  Again, let us know what works.

          

Also, watch the resubmission rules -- you don't want' to get frozen out
of Craigslist in the middle of your 5-Day Sale.  I generally try to run
one ad starting Tuesday night and deleting Thursday.  And an updating
ad running Friday Saturday and Sunday.  You should have 25 responses by
Thursday night.

          

Let us know how it goes.  You're on the right track.

          

Bill Effros

Author

          

          

          

Sue Pruett wrote:
          
            





                                                
                  I am a big fan of this method.  We used the
first book back in 1995 to sell our first house, and it worked great! 
I always knew we would use this method for our second house.  Well, the
time has come to sell our second house!  I purchased the book just
about a month ago.  However, I didn't realize there was a third edition
until about two weeks ago.  The seller didn't inform me of this fact! 
I'm sure there is a lot in the third edition that would have been
helpful to us!
                   
                  Well, here's where our story stands right now.  
                   
                  We live in Southern Illinois, across the
Mississippi from St. Louis.  Homes in our neighborhood have been
selling in the upper $80's in the past 4 months.  When we compare our
home to these, some things are better in ours, some are worse.  Ours is
larger than any of them.  We had hoped to get about $90K, but would
have been more than satisfied with $85K.  
                   
                  We tried the sale two weeks ago with ads in the
only daily in town.  We got 4 calls.  We postponed the sale.  We were
able to advertise in two weeklies, in addition to the daily.  We broke
a big rule - we only had 17 calls by Friday, but went ahead with the
sale.  At least 12 of our callers were so excited about the house, we
thought we were good to go.  Don't break that rule!  We only had 5
families come to look, and only two bidders, and one could not afford
our starting price.  We did get a $75K offer, and we agreed to sell it
to her.
                   
                  The other thing we did was start at $74,500,
because we were scared to start lower.  I'm sure this also contributed
to fewer callers.  We arent' sure the current buyer is going to come
through.  We should know by tonight.  If she doesn't, we are purchasing
the third edition of the book, and doing it right!  We'll start at
$49,500, and we'll utilize the other advertising methods discussed in
the third edition.  I almost wish the fourth edition was already out,
as I'm worried we are behind the times with the internet advertising.  
                   
                  I know I've gone on a long time, but I do have a
question - can anyone point me to which internet advertising you all
use.  I've never used anything but ebay to sell over the internet, and
not for something like a house!    I'd just like to get a picture of
how internet advertising works.  Thanks so much for sticking with my
story!

                  

                  
                  Sue
Pruett
                  32950
Delhi Road
                  Brighton,
IL  62012
                  618-372-3501
                  Visit
my blogs at http://www.thecharlottemasongirl.com/
                  and http://www.illinoisgreenhome.com
                  and http://parentingwithstyle.blogspot.com/
                   
                                                            
            
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Get back to school stuff for them and cashback for you. Try BingT now.
        
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--Forwarded Message Attachment--
From: Janetislight at aol.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thu, 6 Aug 2009 09:25:27 -0400
Subject: Re: [5-DayForum] How am I doing so far...a little encouragement	please!?!








All true!
 
Tell us how is goes and Great Luck!!!!!
 
Janet
 

In a message dated 8/6/2009 6:31:29 A.M. Central Daylight Time, 
juliegorman at bellsouth.net writes:



  
  Just thought I'd jump in here...I certainly am not a pro...but I placed 
  an ad on Craigslist today and received 7 responses...Is that good? 
   
  So far, between flyers, an ad in the newspaper, and Craigslist I have 13 
  responders in one day? I am hoping and praying for at least 40 by Friday 
  night, with a minimum of the necessary 25. 
   
  This process is a little scary. I was hoping to find more encouragement 
  on this Forum. I understand telling the bad with the good. But when you 
  are doing something that you are already fearful about...it sure would be 
  good to have a little more assurance of the truth.
   
  The truth is until a formal contract is signed neither I nor the buyer 
  are bound to the bidding process.--is that true?
   
  The truth is if this process doesn't work...I have the names and numbers 
  of realtors...investors...and individuals who have expressed interest in my 
  home that I can respond back to at a later time--is that true?
   
  The truth is if I commit to this process...I will know by Sunday evening 
  a very close estimate to what buyers say the value of my home is for that time 
  and date...and I have the choice to either accept or reject their 
  evaluation...of course with the understanding that I WILL take the highest bid 
  Sunday evening, as long as it meets the banks highest bid of what I owe on 
  it--is that true?
   
  Please encourage me! This process is daunting the first time and just 
  need a little encouragement from anyone who has had success.
   
  Julie from Kentucky
  -------------- 
    Original message from Bill Effros <bill at effros.com>: -------------- 
    

Agreed.

But it 
    tells you everything you need to know.

If you want to sell it now you 
    can only get the current market price.  No one can say if that price 
    will be higher or lower 3 months from now, or 6 months from now.

You 
    can play around with 5 Day ads on Craigslist for nothing.

Always 
    start them late Tuesday night.  If you don't have 2 or 3 responses by 
    noon Wednesday, pull the ad and think over what that means.  It doesn't 
    necessarily mean you can't sell your home, and it doesn't necessarily mean 
    you can't get twice the starting price.

But would you take twice the 
    starting price? or 90% of what you are hoping for?  or 80%?

At 
    1/2 current market price there should be a lot of enthusiasm, and the fast 
    hit you get on Craigslist means failing to get 2 or 3 responses by noon 
    Sunday must be interpreted as not enough enthusiasm.

I know you have 
    been honestly trying to work this out, and you know I have never seen a 
    housing market situation like the one we're in.  I'll keep thinking out 
    loud with you, if you like.  At some point you'll know what you have to 
    do.

Bill Effros
Author

j crafor wrote: 
    
      
      Agents here will NOT list for 3 months, unless there is an automatic 3 
      month extension. THEN, according to one contract I read, there is ANOTHER 
      three months beyond that that the seller cannot sell to anyone without 
      giving the agent a commission, UNLESS it was re-listed with another agent. 
      This was a contract from the agent that I had been working with for 15 
      years. 
 
That IS correct, which is why I decided to do FSBO. 
      
 
The last agent that I talked to, showed the house to at 
      the open houes, immediately wanted to list it, 7.5% commission, 9 
      month listing....
No thanks. 
 

      
      Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: 
      Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a 
      place where it has become extremely difficult to sell homes -- at any 
      price.  Nobody knows what they are worth at this time.  List 
      with an agent for a limited time period -- let's say 3 months.  See 
      what happens.  Let us know.

I believe we are headed for a lot 
      of inflation.  Homes in some places will start to rise in selling 
      price.  But other homes will never be sold at any price.

Just 
      my opinion -- this is not my area of expertise.

Bill 
      Effros
Author

j crafor wrote: 
      
        
        I had only one response for the 5day from Craigslist, and more for 
        the standard open house on Craigslist.
Was considering doing a 5day 
        this coming weekend (in Tucson) but will have a standard open house 
        instead.  Sort of considering listing with an 
        agent...
JCrafor
 

        
        From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 
        09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: 
        Re: [5-DayForum] Had a sale last weekend


        Yes, it would be interesting to know how to do this on Craigslist, 
        since I has zero responses from an ad placed as laid out in the 
        book.
         
        Janet
         
         
        
        In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com 
        writes:
        Sue,

You 
          already understand most of what you've got to know.

The big 
          change in the 4th edition is that it is now possible to run a 5-Day 
          sale with zero advertising cost.

All you need is 
          Craigslist.

Start your home at $24,500.  I know.  It 
          sounds crazy.

But you know you'll get more than 25 responses by 
          Friday night, and some people who say they will never leave St. Louis 
          are going to drive out just to see what's going on.  You will get 
          the most you can get for your home at the present time.

I have 
          started at absurd prices many times. Literally a zillion people show 
          up, and you must be ready for them.  There is no question that 
          most of them cannot or will not pay what you are hoping for.  But 
          so what?  3 people who know what your home is currently worth 
          will pop out of the crowd, bid against each other, and you will get 
          the most you can get for your home on the weekend you 
          pick.

Enough people have computers so that you no longer have 
          to take telephone calls.  You can do everything on the web -- and 
          the response is instantaneous.

Prepare materials to email back 
          to people before placing the ad.  You can send pictures.  
          You can explain in detail how you will run the sale.  Because you 
          get to write it all out in advance, you can be sure everyone gets the 
          same information, and you can be sure you have said exactly what you 
          want to say.

I can't tell you exactly what materials to provide 
          in response to Craigslist inquiries because I don't know yet.  I 
          do know you will get an overwhelming number of responses, and 
          virtually everyone looking for a home like yours will know yours is 
          available and REALLY will be sold to the high bidder Sunday 
          night.

Unlike Bill, your home can certainly be sold at this 
          time.  Just like Bill, you can know exactly what you've got to do 
          in just 5 Days at no cost.

If you start to develop "stock" 
          internet responses to Craigslist, let us know what they are, and how 
          they worked.

The Craigslist headline and body copy work 
          differently than newspaper 5-Day Ads.  Again, let us know what 
          works.

Also, watch the resubmission rules -- you don't want' to 
          get frozen out of Craigslist in the middle of your 5-Day Sale.  I 
          generally try to run one ad starting Tuesday night and deleting 
          Thursday.  And an updating ad running Friday Saturday and 
          Sunday.  You should have 25 responses by Thursday 
          night.

Let us know how it goes.  You're on the right 
          track.

Bill Effros
Author



Sue Pruett 
          wrote: 
          
            


                                            
                  I am a big fan of this method.  We used the first 
                  book back in 1995 to sell our first house, and it worked 
                  great!  I always knew we would use this method for our 
                  second house.  Well, the time has come to sell our second 
                  house!  I purchased the book just about a month 
                  ago.  However, I didn't realize there was a third edition 
                  until about two weeks ago.  The seller didn't inform me 
                  of this fact!  I'm sure there is a lot in the third 
                  edition that would have been helpful to us!
                   
                  Well, here's where our story stands right now.  
                  
                   
                  We live in Southern Illinois, across the Mississippi from 
                  St. Louis.  Homes in our neighborhood have been selling 
                  in the upper $80's in the past 4 months.  When we compare 
                  our home to these, some things are better in ours, some are 
                  worse.  Ours is larger than any of them.  We had 
                  hoped to get about $90K, but would have been more than 
                  satisfied with $85K.  
                   
                  We tried the sale two weeks ago with ads in the only 
                  daily in town.  We got 4 calls.  We postponed the 
                  sale.  We were able to advertise in two weeklies, in 
                  addition to the daily.  We broke a big rule - we only had 
                  17 calls by Friday, but went ahead with the sale.  At 
                  least 12 of our callers were so excited about the house, we 
                  thought we were good to go.  Don't break that rule!  
                  We only had 5 families come to look, and only two bidders, and 
                  one could not afford our starting price.  We did get 
                  a $75K offer, and we agreed to sell it to her.
                   
                  The other thing we did was start at $74,500, because we 
                  were scared to start lower.  I'm sure this also 
                  contributed to fewer callers.  We arent' sure the 
                  current buyer is going to come through.  We should know 
                  by tonight.  If she doesn't, we are purchasing the third 
                  edition of the book, and doing it right!  We'll start at 
                  $49,500, and we'll utilize the other advertising methods 
                  discussed in the third edition.  I almost wish the fourth 
                  edition was already out, as I'm worried we are behind the 
                  times with the internet advertising.  
                   
                  I know I've gone on a long time, but I do have a 
                  question - can anyone point me to which internet 
                  advertising you all use.  I've never used anything but 
                  ebay to sell over the internet, and not for something 
                  like a house!    I'd just like to get a picture 
                  of how internet advertising works.  Thanks so much for 
                  sticking with my story!


                  Sue 
                  Pruett
                  32950 Delhi 
                  Road
                  Brighton, 
                  IL  62012
                  618-372-3501
                  Visit my blogs 
                  at http://www.thecharlottemasongirl.com/
                  and http://www.illinoisgreenhome.com
                  and http://parentingwithstyle.blogspot.com/
                   
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        Get back to school stuff for them and cashback for you. Try BingT now. 
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      Get back to school stuff for them and cashback for you. Try BingT now. 
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--Forwarded Message Attachment--
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thu, 6 Aug 2009 09:25:43 -0400
Subject: [5-DayForum] How to Unsubscribe

25 to 30 people a day subscribe and unsubscribe.
 
If you are having a problem, it is probably on your own computer.  The
confirmation notice is probably going into your junk, trash or spam folder.
 
Without confirmation that you are you, and that you wish to be
subscribed or unsubscribed, the Forum gets spammed by people who aren't
you, phishing for information about you that we never release.
 
When you want to unsubscribe from the 5-Day Forum you must do it for
yourself.
 
It is the reverse of the process you used to subscribe:
 
1.  Go to the 5-DayForum website:
 
www.5-DayForum.com
 
2.  Click on the blue word "unsubscribe" on the left side of the home page.
 
3.  Fill in the email address of your subscription in the box provided.
 
4.  Follow the instructions.
 
Bill Effros
List Administrator
 
 
 
 


--Forwarded Message Attachment--
From: Janetislight at aol.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thu, 6 Aug 2009 09:30:55 -0400
Subject: Re: [5-DayForum] How am I doing so far...a little encouragement	please!?!








Bill,
 
Leslie did not have her sale.  I DID!!!
 
Janet
 

In a message dated 8/6/2009 8:26:37 A.M. Central Daylight Time, 
bill at effros.com writes:
Here we get to a tricky part -- I am not your 
  lawyer.  And just as I cannot sell Janet's house for her without putting 
  myself in peril, I also cannot give you legal advise without putting myself in 
  peril.

 


--Forwarded Message Attachment--
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thu, 6 Aug 2009 09:34:17 -0400
Subject: Re: [5-DayForum] How am I doing so far...a little	encouragement	please!?!






  
  


Sorry, Janet, Clearly I
confused you with someone else.



Bill Effros

Author



Janetislight at aol.com wrote:

  
  
  
  Bill,
   
  Leslie did not have her sale.  I DID!!!
   
  Janet
   
  
  In a message dated 8/6/2009 8:26:37 A.M. Central Daylight Time,
bill at effros.com writes:
  Here we get to a tricky part -- I am
not your lawyer.  And just as I cannot sell Janet's house for her
without putting myself in peril, I also cannot give you legal advise
without putting myself in peril.

    
  
  
  

  
  
  

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--Forwarded Message Attachment--
From: Janetislight at aol.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thu, 6 Aug 2009 09:44:13 -0400
Subject: Re: [5-DayForum] How am I doing so far...a little encouragement	please!?!








My comments have been in reference to Craigslist and that it doesn't work 
in every market for every house.  For me, I got zippo from it.  That's 
the one I am.  Sooooooooo....  I am "thinking" of modifying the 
process for Craigslist.  I did NOT modify it for the sale of my 
house.  My buyer did not come from the 5 day sale.  BUT, the sale 
motivated a hummer and hawer into action and I received a full price contract on 
that Sunday.  (The price for which I had it listed.)  My experience 
was a bit different.  No one on my bidding sheet wanted to top the contract 
amount.  So, in a backdoor kind of way, the method worked 
brilliantly!!!
 
PS.  Writing books is arduous.  Hope you are coming along well 
with yours.
 
Janet
 
 

In a message dated 8/6/2009 8:36:01 A.M. Central Daylight Time, 
bill at effros.com writes:
Sorry, Janet, Clearly I confused you with 
  someone else.

Bill Effros
Author

Janetislight at aol.com wrote: 
  
    
    Bill,
     
    Leslie did not have her sale.  I DID!!!
     
    Janet
     
    
    In a message dated 8/6/2009 8:26:37 A.M. Central Daylight Time, bill at effros.com writes:
    Here we get to a tricky part -- I am not your 
      lawyer.  And just as I cannot sell Janet's house for her without 
      putting myself in peril, I also cannot give you legal advise without 
      putting myself in peril.

    

    
    
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--Forwarded Message Attachment--
From: rosemarie-fred at mindspring.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thu, 6 Aug 2009 09:49:53 -0400
Subject: Re: [5-DayForum] How am I doing so far...a little	encouragementplease!?!








Sounds like you're on the right 
track.
Just be yourself when you are speaking to 
possible buyers, and have confidence. Greet every visitor to your open house as 
if they were the buyer you've been waiting for! Let them explore your house and 
answer their questions truthfully. 
 Sometimes when I read about people not 
succeeding at this, I sense an underlying attitude that may turn people off. 
Like calling bargain hunters "bottom feeders" and other impolite names. We are 
offering a bargain, so we should expect bargain hunters.  
I went to someone's sale once, with every 
intention of offering to help, and I just turned around and walked out. 
They didn't know who I was - possibly their buyer - but they did not 
make me feel welcome.  They used teenagers as greeters - teenagers who 
obviously wished they were somewhere else!
So, I think you have the knowledge, you have 
some, at least of the "truth" and there is no reason your sale shouldn't 
succeed.
I have successfully sold two properties using 
this method. 
Good luck - keep us up to date on what 
happens.
Rosemarie

  ----- Original Message ----- 
  From: 
  juliegorman at bellsouth.net 
  To: How To Sell Your 
  Home in5-Days 
  Sent: Thursday, August 06, 2009 7:30 
  AM
  Subject: [5-DayForum] How am I doing so 
  far...a little encouragementplease!?!
  

  
  Just thought I'd jump in here...I certainly am not a pro...but I placed 
  an ad on Craigslist today and received 7 responses...Is that good? 
   
  So far, between flyers, an ad in the newspaper, and Craigslist I have 13 
  responders in one day? I am hoping and praying for at least 40 by Friday 
  night, with a minimum of the necessary 25. 
   
  This process is a little scary. I was hoping to find more encouragement 
  on this Forum. I understand telling the bad with the good. But when you 
  are doing something that you are already fearful about...it sure would be 
  good to have a little more assurance of the truth.
   
  The truth is until a formal contract is signed neither I nor the buyer 
  are bound to the bidding process.--is that true?
   
  The truth is if this process doesn't work...I have the names and numbers 
  of realtors...investors...and individuals who have expressed interest in my 
  home that I can respond back to at a later time--is that true?
   
  The truth is if I commit to this process...I will know by Sunday evening 
  a very close estimate to what buyers say the value of my home is for that time 
  and date...and I have the choice to either accept or reject their 
  evaluation...of course with the understanding that I WILL take the highest bid 
  Sunday evening, as long as it meets the banks highest bid of what I owe on 
  it--is that true?
   
  Please encourage me! This process is daunting the first time and just 
  need a little encouragement from anyone who has had success.
   
  Julie from Kentucky
  -------------- 
    Original message from Bill Effros <bill at effros.com>: -------------- 
    

Agreed.

But it 
    tells you everything you need to know.

If you want to sell it now you 
    can only get the current market price.  No one can say if that price 
    will be higher or lower 3 months from now, or 6 months from now.

You 
    can play around with 5 Day ads on Craigslist for nothing.

Always 
    start them late Tuesday night.  If you don't have 2 or 3 responses by 
    noon Wednesday, pull the ad and think over what that means.  It doesn't 
    necessarily mean you can't sell your home, and it doesn't necessarily mean 
    you can't get twice the starting price.

But would you take twice the 
    starting price? or 90% of what you are hoping for?  or 80%?

At 
    1/2 current market price there should be a lot of enthusiasm, and the fast 
    hit you get on Craigslist means failing to get 2 or 3 responses by noon 
    Sunday must be interpreted as not enough enthusiasm.

I know you have 
    been honestly trying to work this out, and you know I have never seen a 
    housing market situation like the one we're in.  I'll keep thinking out 
    loud with you, if you like.  At some point you'll know what you have to 
    do.

Bill Effros
Author

j crafor wrote: 
    
      
      Agents here will NOT list for 3 months, unless there is an automatic 3 
      month extension. THEN, according to one contract I read, there is ANOTHER 
      three months beyond that that the seller cannot sell to anyone without 
      giving the agent a commission, UNLESS it was re-listed with another agent. 
      This was a contract from the agent that I had been working with for 15 
      years. 
 
That IS correct, which is why I decided to do FSBO. 
      
 
The last agent that I talked to, showed the house to at 
      the open houes, immediately wanted to list it, 7.5% commission, 9 
      month listing....
No thanks. 
 

      
      Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: 
      Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a 
      place where it has become extremely difficult to sell homes -- at any 
      price.  Nobody knows what they are worth at this time.  List 
      with an agent for a limited time period -- let's say 3 months.  See 
      what happens.  Let us know.

I believe we are headed for a lot 
      of inflation.  Homes in some places will start to rise in selling 
      price.  But other homes will never be sold at any price.

Just 
      my opinion -- this is not my area of expertise.

Bill 
      Effros
Author

j crafor wrote: 
      
        
        I had only one response for the 5day from Craigslist, and more for 
        the standard open house on Craigslist.
Was considering doing a 5day 
        this coming weekend (in Tucson) but will have a standard open house 
        instead.  Sort of considering listing with an 
        agent...
JCrafor
 

        
        From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 
        09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: 
        Re: [5-DayForum] Had a sale last weekend


        Yes, it would be interesting to know how to do this on Craigslist, 
        since I has zero responses from an ad placed as laid out in the 
        book.
         
        Janet
         
         
        
        In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
        Sue,

You 
          already understand most of what you've got to know.

The big 
          change in the 4th edition is that it is now possible to run a 5-Day 
          sale with zero advertising cost.

All you need is 
          Craigslist.

Start your home at $24,500.  I know.  It 
          sounds crazy.

But you know you'll get more than 25 responses by 
          Friday night, and some people who say they will never leave St. Louis 
          are going to drive out just to see what's going on.  You will get 
          the most you can get for your home at the present time.

I have 
          started at absurd prices many times. Literally a zillion people show 
          up, and you must be ready for them.  There is no question that 
          most of them cannot or will not pay what you are hoping for.  But 
          so what?  3 people who know what your home is currently worth 
          will pop out of the crowd, bid against each other, and you will get 
          the most you can get for your home on the weekend you 
          pick.

Enough people have computers so that you no longer have 
          to take telephone calls.  You can do everything on the web -- and 
          the response is instantaneous.

Prepare materials to email back 
          to people before placing the ad.  You can send pictures.  
          You can explain in detail how you will run the sale.  Because you 
          get to write it all out in advance, you can be sure everyone gets the 
          same information, and you can be sure you have said exactly what you 
          want to say.

I can't tell you exactly what materials to provide 
          in response to Craigslist inquiries because I don't know yet.  I 
          do know you will get an overwhelming number of responses, and 
          virtually everyone looking for a home like yours will know yours is 
          available and REALLY will be sold to the high bidder Sunday 
          night.

Unlike Bill, your home can certainly be sold at this 
          time.  Just like Bill, you can know exactly what you've got to do 
          in just 5 Days at no cost.

If you start to develop "stock" 
          internet responses to Craigslist, let us know what they are, and how 
          they worked.

The Craigslist headline and body copy work 
          differently than newspaper 5-Day Ads.  Again, let us know what 
          works.

Also, watch the resubmission rules -- you don't want' to 
          get frozen out of Craigslist in the middle of your 5-Day Sale.  I 
          generally try to run one ad starting Tuesday night and deleting 
          Thursday.  And an updating ad running Friday Saturday and 
          Sunday.  You should have 25 responses by Thursday 
          night.

Let us know how it goes.  You're on the right 
          track.

Bill Effros
Author



Sue Pruett 
          wrote: 
          
            


                                            
                  I am a big fan of this method.  We used the first 
                  book back in 1995 to sell our first house, and it worked 
                  great!  I always knew we would use this method for our 
                  second house.  Well, the time has come to sell our second 
                  house!  I purchased the book just about a month 
                  ago.  However, I didn't realize there was a third edition 
                  until about two weeks ago.  The seller didn't inform me 
                  of this fact!  I'm sure there is a lot in the third 
                  edition that would have been helpful to us!
                   
                  Well, here's where our story stands right now.  
                  
                   
                  We live in Southern Illinois, across the Mississippi from 
                  St. Louis.  Homes in our neighborhood have been selling 
                  in the upper $80's in the past 4 months.  When we compare 
                  our home to these, some things are better in ours, some are 
                  worse.  Ours is larger than any of them.  We had 
                  hoped to get about $90K, but would have been more than 
                  satisfied with $85K.  
                   
                  We tried the sale two weeks ago with ads in the only 
                  daily in town.  We got 4 calls.  We postponed the 
                  sale.  We were able to advertise in two weeklies, in 
                  addition to the daily.  We broke a big rule - we only had 
                  17 calls by Friday, but went ahead with the sale.  At 
                  least 12 of our callers were so excited about the house, we 
                  thought we were good to go.  Don't break that rule!  
                  We only had 5 families come to look, and only two bidders, and 
                  one could not afford our starting price.  We did get 
                  a $75K offer, and we agreed to sell it to her.
                   
                  The other thing we did was start at $74,500, because we 
                  were scared to start lower.  I'm sure this also 
                  contributed to fewer callers.  We arent' sure the 
                  current buyer is going to come through.  We should know 
                  by tonight.  If she doesn't, we are purchasing the third 
                  edition of the book, and doing it right!  We'll start at 
                  $49,500, and we'll utilize the other advertising methods 
                  discussed in the third edition.  I almost wish the fourth 
                  edition was already out, as I'm worried we are behind the 
                  times with the internet advertising.  
                   
                  I know I've gone on a long time, but I do have a 
                  question - can anyone point me to which internet 
                  advertising you all use.  I've never used anything but 
                  ebay to sell over the internet, and not for something 
                  like a house!    I'd just like to get a picture 
                  of how internet advertising works.  Thanks so much for 
                  sticking with my story!


                  Sue 
                  Pruett
                  32950 Delhi 
                  Road
                  Brighton, 
                  IL  62012
                  618-372-3501
                  Visit my blogs 
                  at http://www.thecharlottemasongirl.com/
                  and http://www.illinoisgreenhome.com
                  and http://parentingwithstyle.blogspot.com/
                   
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--Forwarded Message Attachment--
From: juliegorman at bellsouth.net
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thu, 6 Aug 2009 15:29:34 +0000
Subject: Re: [5-DayForum] How am I doing so far...a	littleencouragement	please!?!









YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?
 
Julie
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 

Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 
 
So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 
 
This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.
 
The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?
 
The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?
 
The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?
 
Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.
 
Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 


Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 


I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.
 
Janet
 
 

In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 





I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!
 
Well, here's where our story stands right now.  
 
We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  
 
We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.
 
The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  
 
I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/
 
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From juliegorman at bellsouth.net  Fri Aug  7 13:41:18 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Fri, 07 Aug 2009 17:41:18 +0000
Subject: [5-DayForum] 41 contacts so far!!!
In-Reply-To: <c11.32e2afd1.37adacfa@aol.com>
Message-ID: <080720091741.1746.4A7C673C00051028000006D222230650629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

Yah...Craig's list is free. So why not include everything except the address...that way they have to contact you!

:)
Julie From Kentucky
-------------- Original message from Janetislight at aol.com: -------------- 


You did a full ad!  I was wondering about that.  Thanks for sharing.  :)

Janet

In a message dated 8/7/2009 11:01:01 A.M. Central Daylight Time, barks4444 at comcast.net writes:
here's the ad  http://louisville.craigslist.org/reo/1306996049.html
Kind Regards,

----- Original Message ----- 
From: Gary Noel 
To: How To Sell Your Home in 5-Days 
Sent: Friday, August 07, 2009 8:36 AM
Subject: Re: [5-DayForum] 41 contacts so far!!!


Julie, did you use the ad Bill has in his book exactly the way he has laid it out or did you modify it slightly?  You seem to one of the few who have received more than a couple of calls off Craig's and I'd be interested to know what exactly you did.  I'd like to learn.  Would you be willing to share the ad with us?

Gary





From: "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, August 7, 2009 10:05:26 AM
Subject: [5-DayForum] 41 contacts so far!!!


Hello. Just a quick update--we have 41 contacts so far: 25 from Craig's list, 3 from Facebook, 9 From Flyers, and  4 from our ads. 

I do have 3 quick questions--People are wanting to have a title search done. Is that something I should provide at the inspection? Or just let all of them do their own prior to our open house? 

Also, how many copies of the restrictions/covenants for our subdivision should I have printed for the Open House/Inspection?

I've printed 100 copies of the quick description, detailed description, and the rules to the sale, but with this many calls thus far, do you think that will that be enough?

I know there are 3 real buyers in there somewhere. Everyone I've talked to really loves the concept of what we are doing and are looking forward to seeing our home! 

YEAH!  :)
Julie from Kentucky


-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I would start contacting people now.  Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"

I like busy sales because you never get bored, and you don't start second guessing yourself.

Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.

Make sure you have enough help, and that everyone is singing the same tune.

Don't think you can spot the real buyers in the crowd.  You can't.

People will be testing you to see if you're honest.  Be yourself.  They're just people, and one of them is going to buy your home.

Pace yourself.

Keep the cards and letters coming,

Bill Effros
Author

juliegorman at bellsouth.net wrote: 
YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 

>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?

Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)

I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 

I'm SELLING MY HOUSE SUNDAY! YAHOO!

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I have always given the address immediately.  In the old days that would result in lines of cars circling the house before the sale, but so what?  Nobody got in the front door before 10 on Saturday.

The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.  The Method I pass on has worked best for the most people.  That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

Using the traditional method, people were not averaging 1 response per week.  Now you have 17 people to talk to in less than 2 days.  There is a fair deal somewhere in this mix, and all you have to do is find it.

Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest price.  There is absolutely nothing wrong with that.  Every seller wants to sell for the highest possible price.  There is absolutely nothing wrong with that, either.  Most people are incredibly honest, and that honesty has an aura anyone can pick up.  And they pick up your aura, too.

If you can establish trust in what you are doing, real buyers will step up and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are buying foreclosures from banks at 60% of current value.  They don't need your home at this time.  Most of the people who attend your sale will be a lot like you.  Treat them as you would want to be treated.

It is a whole lot of work for 5 days, but you can always make it pay off.  You are well on your way.

Bill Effros
Author



juliegorman at bellsouth.net wrote: 
YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?

Julie
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 
Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 
Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 
I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

Janet


In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 
I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

Well, here's where our story stands right now.  

We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/



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From rosemarie-fred at mindspring.com  Fri Aug  7 14:07:15 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Fri, 7 Aug 2009 14:07:15 -0400
Subject: [5-DayForum] what if the broker doesn't ask about protecting
	them???
References: <080720091557.23838.4A7C4EF000055F9400005D1E22230704929B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
Message-ID: <8AFED87514024339B1346DB4A8D3FEE4@rosemarifv6onv>

Realtor commissions are paid by the seller - perhaps you could tell them that if they bring you the buyer the bid will need to be higher by the amount of their commission - probably 3%.
In our state (NC) all sellers have to provide a disclosure form to prospective buyers.
Title searches are part of the closing - no need to think about it until you have your buyer.
Whoopee for you! Hope it goes really well!
All the best
Rosemarie
  ----- Original Message ----- 
  From: juliegorman at bellsouth.net 
  To: How To Sell Your Home in5-Days 
  Sent: Friday, August 07, 2009 11:57 AM
  Subject: [5-DayForum] what if the broker doesn't ask about protecting them???


  Thanks. The calls are continuing! AGGHHH! This is fun!

  I do have another quick question. I have had 2 realtors contact me. They have asked me tons of questions of which I've disclosed everything. They NEVER asked if they would be paid...I didn't bring it up. Should I contact them to let them know they will not be paid realtor fees by me, or should I let them discover that when they bring their client out???

  I've had other realtors ask up front and I told them that we were NOT protecting the broker but what if they don't ask???

  Any thoughts
  Julie from Kentucky
    -------------- Original message from Janetislight at aol.com: -------------- 


    They need to do their own title search if they end up buying the house.  This is generally a contingency upon buying, just like financing is for you.

    I've never heard of the seller paying for the title search, but maybe where you are it's different?  I've been in real estate in 5 states and have not come against that ever.

    I would make the same number of copies that you have made.  I'd keep it at 100 and you can always print more for the second day or have a helper print up some.

    Your excitement is contagious!

    Janet

    In a message dated 8/7/2009 10:10:09 A.M. Central Daylight Time, juliegorman at bellsouth.net writes:



      Hello. Just a quick update--we have 41 contacts so far: 25 from Craig's list, 3 from Facebook, 9 From Flyers, and  4 from our ads. 

      I do have 3 quick questions--People are wanting to have a title search done. Is that something I should provide at the inspection? Or just let all of them do their own prior to our open house? 

      Also, how many copies of the restrictions/covenants for our subdivision should I have printed for the Open House/Inspection?

      I've printed 100 copies of the quick description, detailed description, and the rules to the sale, but with this many calls thus far, do you think that will that be enough?

      I know there are 3 real buyers in there somewhere. Everyone I've talked to really loves the concept of what we are doing and are looking forward to seeing our home! 

      YEAH!  :)
      Julie from Kentucky


        -------------- Original message from Bill Effros <bill at effros.com>: -------------- 

        Julie,

        I would start contacting people now.  Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"

        I like busy sales because you never get bored, and you don't start second guessing yourself.

        Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.

        Make sure you have enough help, and that everyone is singing the same tune.

        Don't think you can spot the real buyers in the crowd.  You can't.

        People will be testing you to see if you're honest.  Be yourself.  They're just people, and one of them is going to buy your home.

        Pace yourself.

        Keep the cards and letters coming,

        Bill Effros
        Author

        juliegorman at bellsouth.net wrote: 
          YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 

          From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?

          Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)

          I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 

          I'm SELLING MY HOUSE SUNDAY! YAHOO!

          Julie from Kentucky
            -------------- Original message from Bill Effros <bill at effros.com>: -------------- 

            Julie,

            I have always given the address immediately.  In the old days that would result in lines of cars circling the house before the sale, but so what?  Nobody got in the front door before 10 on Saturday.

            The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.  The Method I pass on has worked best for the most people.  That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

            Using the traditional method, people were not averaging 1 response per week.  Now you have 17 people to talk to in less than 2 days.  There is a fair deal somewhere in this mix, and all you have to do is find it.

            Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest price.  There is absolutely nothing wrong with that.  Every seller wants to sell for the highest possible price.  There is absolutely nothing wrong with that, either.  Most people are incredibly honest, and that honesty has an aura anyone can pick up.  And they pick up your aura, too.

            If you can establish trust in what you are doing, real buyers will step up and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are buying foreclosures from banks at 60% of current value.  They don't need your home at this time.  Most of the people who attend your sale will be a lot like you.  Treat them as you would want to be treated.

            It is a whole lot of work for 5 days, but you can always make it pay off.  You are well on your way.

            Bill Effros
            Author



            juliegorman at bellsouth.net wrote: 
              YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?

              Julie
                -------------- Original message from Bill Effros <bill at effros.com>: -------------- 

                Julie,

                The process is daunting in the best of times -- whether you do it by yourself or not.

                7 responses from Craigslist is a good sign.

                It does not mean you will get what you are hoping for.

                It does mean there are plenty of people interested in buying your home at the current market value.

                Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

                If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

                You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

                So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

                If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

                Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

                If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

                If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

                Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

                Let me just state some facts:

                1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
                2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
                3.  The starting price in an "or best offer" ad is not legally binding.
                4.  Nobody actually "sells" their home until the "closing".
                5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
                6.  The buyer can back out of the deal right up to the closing.
                7.  The seller can back out of the deal right up to the closing.
                8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

                Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

                You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

                5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

                Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

                Bill Effros
                Author








                juliegorman at bellsouth.net wrote: 
                  Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

                  So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

                  This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

                  The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

                  The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

                  The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

                  Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

                  Julie from Kentucky
                    -------------- Original message from Bill Effros <bill at effros.com>: -------------- 

                    Agreed.

                    But it tells you everything you need to know.

                    If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

                    You can play around with 5 Day ads on Craigslist for nothing.

                    Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

                    But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

                    At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

                    I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

                    Bill Effros
                    Author

                    j crafor wrote: 
                      Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
                       
                      That IS correct, which is why I decided to do FSBO. 
                       
                      The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
                      No thanks. 
                       

----------------------------------------------------------
                      Date: Wed, 5 Aug 2009 10:34:07 -0400
                      From: bill at effros.com
                      To: 5-dayforum at mailman.howtosellyourhomein5days.com
                      Subject: Re: [5-DayForum] Had a sale last weekend

                      JCrafor,

                      Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

                      I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

                      Just my opinion -- this is not my area of expertise.

                      Bill Effros
                      Author

                      j crafor wrote: 
                        I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
                        Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
                        JCrafor
                         

--------------------------------------------------------
                        From: Janetislight at aol.com
                        Date: Wed, 5 Aug 2009 09:24:53 -0400
                        To: 5-dayforum at mailman.howtosellyourhomein5days.com
                        Subject: Re: [5-DayForum] Had a sale last weekend


                        Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

                        Janet


                        In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
                          Sue,

                          You already understand most of what you've got to know.

                          The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

                          All you need is Craigslist.

                          Start your home at $24,500.  I know.  It sounds crazy.

                          But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

                          I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

                          Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

                          Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

                          I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

                          Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

                          If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

                          The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

                          Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

                          Let us know how it goes.  You're on the right track.

                          Bill Effros
                          Author



                          Sue Pruett wrote: 
                                I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

                                Well, here's where our story stands right now.  

                                We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

                                We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

                                The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

                                I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


                                Sue Pruett
                                32950 Delhi Road
                                Brighton, IL  62012
                                618-372-3501
                                Visit my blogs at http://www.thecharlottemasongirl.com/
                                and http://www.illinoisgreenhome.com
                                and http://parentingwithstyle.blogspot.com/
                                 

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From artchr61 at yahoo.com  Fri Aug  7 14:26:20 2009
From: artchr61 at yahoo.com (Leslie Michaels)
Date: Fri, 7 Aug 2009 11:26:20 -0700 (PDT)
Subject: [5-DayForum] 41 contacts so far!!!
In-Reply-To: <080720091605.2566.4A7C50AA000C881A00000A0622230704929B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
References: <c61.5132d2a5.37aae225@aol.com><SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl><4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl><4A7A5689.9060800@effros.com><080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><4A7AD96B.9050203@effros.com><080620091529.13134.4A7AF6DC000CFCD40000334E22243323629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><4A7B34EF.1060306@effros.com><080620092038.24213.4A7B3F2F000AED3F00005E9522193100029B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><4A7B47F8.104@effros.com><080720091505.29279.4A7C42B400057CED0000725F22218675169B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><284100.77692.qm@web59509.mail.ac4.yahoo.com>
	<038b01ca1777$432d26a0$6901a8c0@FAMILYROOM>
	<080720091605.2566.4A7C50AA000C881A00000A0622230704929B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
Message-ID: <186451.48197.qm@web80602.mail.mud.yahoo.com>

I love the way you did your ad! Nothing like the book, but obviously, exactly what is needed for Craigslist! Great pictures too! And what a great idea to put it on Facebook as well! 
I'm looking forward to hearing how your weekend goes. If I decide to try this method again in the near future, I'll be sure to take a page from your book!

Leslie




________________________________
From: "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, August 7, 2009 11:05:00 AM
Subject: Re: [5-DayForum] 41 contacts so far!!!


Thanks for posting this Bill! I'm up to my ears in phone calls and didn't have time yet to find it. 

One note however?I've posted?3 different ads, one?each day figuring that some people only look at the day at hand. One of the posts was so to the "t" of what Bill recommended, that a woman in louisville, who just purchased Bill's book, recognized the format and emailed me, requesting that I let her?know how the sale goes.

MORE CALLS! :)
Julie

-------------- Original message from "Bill Barks" <barks4444 at comcast.net>: -------------- 


here's the ad? http://louisville.craigslist.org/reo/1306996049.html
>Kind Regards,
>
>----- Original Message ----- 
>>From: Gary Noel 
>>To: How To Sell Your Home in 5-Days 
>>Sent: Friday, August 07, 2009 8:36 AM
>>Subject: Re: [5-DayForum] 41 contacts so far!!!
>>
>>
>>Julie, did you use the ad Bill has in his book exactly the way he has laid it out or did you modify it slightly?? You seem to one of the few who have received more than a couple of calls off Craig's and I'd be interested to know what exactly you did.? I'd like to learn.? Would you be willing to share the ad with us?
>>
>>Gary
>>
>>
>>
>>
________________________________
From: "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
>>To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
>>Sent: Friday, August 7, 2009 10:05:26 AM
>>Subject: [5-DayForum] 41 contacts so far!!!
>>
>>
>>Hello. Just?a quick?update--we have 41 contacts so far: 25 from Craig's list, 3 from Facebook, 9 From Flyers, and? 4 from our ads. 
>>
>>I do have?3 quick questions--People are wanting to have a title search done. Is that something I should provide at the inspection? Or just let all of them do their own prior to our open house? 
>>
>>Also, how many copies of the restrictions/covenants for our subdivision should I have printed for the Open House/Inspection?
>>
>>I've printed 100 copies of the quick description, detailed description, and the?rules to the sale, but with this many calls thus far, do you think that will that be enough?
>>
>>I know there are 3 real buyers in there somewhere. Everyone I've talked to really loves the concept of what we are doing and are looking forward to seeing our home! 
>>
>>YEAH!? :)
>>Julie from Kentucky
>>
>>
>>-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>>>
>>>Julie,
>>>
>>>I would start contacting people now.? Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"
>>>
>>>I like busy sales because you never get bored, and you don't start second guessing yourself.
>>>
>>>Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.
>>>
>>>Make sure you have enough help, and that everyone is singing the same tune.
>>>
>>>Don't think you can spot the real buyers in the crowd.? You can't.
>>>
>>>People will be testing you to see if you're honest.? Be yourself.? They're just people, and one of them is going to buy your home.
>>>
>>>Pace yourself.
>>>
>>>Keep the cards and letters coming,
>>>
>>>Bill Effros
>>>Author
>>>
>>>juliegorman at bellsouth.net wrote: 
>>>YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 
>>>>
>>>>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?
>>>>
>>>>Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)
>>>>
>>>>I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 
>>>>
>>>>I'm SELLING MY HOUSE SUNDAY! YAHOO!
>>>>
>>>>Julie from Kentucky
>>>>-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>>>>>
>>>>>Julie,
>>>>>
>>>>>I have always given the address immediately.? In the old days that would result in lines of cars circling the house before the sale, but so what?? Nobody got in the front door before 10 on Saturday.
>>>>>
>>>>>The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.? The Method I pass on has worked best for the most people.? That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.
>>>>>
>>>>>Using the traditional method, people were not averaging 1 response per week.? Now you have 17 people to talk to in less than 2 days.? There is a fair deal somewhere in this mix, and all you have to do is find it.
>>>>>
>>>>>Take Rosemarie's advice to heart.? Every buyer wants to buy for the lowest price.? There is absolutely nothing wrong with that.? Every seller wants to sell for the highest possible price.? There is absolutely nothing wrong with that, either.? Most people are incredibly honest, and that honesty has an aura anyone can pick up.? And they pick up your aura, too.
>>>>>
>>>>>If you can establish trust in what you are doing, real buyers will step up and talk to you.? Listen to everyone.? Treat everyone well.? The sharks are buying foreclosures from banks at 60% of current value.? They don't need your home at this time.? Most of the people who attend your sale will be a lot like you.? Treat them as you would want to be treated.
>>>>>
>>>>>It is a whole lot of work for 5 days, but you can always make it pay off.? You are well on your way.
>>>>>
>>>>>Bill Effros
>>>>>Author
>>>>>
>>>>>
>>>>>
>>>>>juliegorman at bellsouth.net wrote: 
>>>>>YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?
>>>>>>
>>>>>>Julie
>>>>>>-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>>>>>>>
>>>>>>>Julie,
>>>>>>>
>>>>>>>The process is daunting in the best of times -- whether you do it by yourself or not.
>>>>>>>
>>>>>>>7 responses from Craigslist is a good sign.
>>>>>>>
>>>>>>>It does not mean you will get what you are hoping for.
>>>>>>>
>>>>>>>It does mean there are plenty of people interested in buying your home at the current market value.
>>>>>>>
>>>>>>>Stop hoping and praying for 40 responses by Friday night.? Whether you get 25 or 52 doesn't really matter.? The fact that you got 7 from Craigslist immediately is the best news you could get.
>>>>>>>
>>>>>>>If it doesn't fill out to 25 by Friday night you must know what you are going to do.? You are not going to say "well, 23 is good enough."
>>>>>>>
>>>>>>>You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.
>>>>>>>
>>>>>>>So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.
>>>>>>>
>>>>>>>If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.? Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.
>>>>>>>
>>>>>>>Work with the 13 potential buyers.? Talk to them.? Email them.? Be completely honest with them.? See if you can find a fair deal with any of them.
>>>>>>>
>>>>>>>If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.
>>>>>>>
>>>>>>>If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.? Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".? If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.? You would, too.? You can't get the highest possible bid without honestly committing to the sale.
>>>>>>>
>>>>>>>Here we get to a tricky part -- I am not your lawyer.? And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.
>>>>>>>
>>>>>>>Let me just state some facts:
>>>>>>>
>>>>>>>1.? A lot of lawyers don't know what they are talking about.? (50% of them graduated from law school in the bottom half of their class.)
>>>>>>>2.? The laws in most states protect FSBOs.? You are not a professional.? You do not have a license.? You are trying to do things right.
>>>>>>>3.? The starting price in an "or best offer" ad is not legally binding.
>>>>>>>4.? Nobody actually "sells" their home until the "closing".
>>>>>>>5.? All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
>>>>>>>6.? The buyer can back out of the deal right up to the closing.
>>>>>>>7.? The seller can back out of the deal right up to the closing.
>>>>>>>8.? Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.
>>>>>>>
>>>>>>>Nobody can get you the price you want if the market will not support that price.? If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.? The method "succeeds" every time for those who use it properly.? The negative comments you read on this forum come from people who blame the market for their mistakes.? They all could have sold their homes in 5 Days if they were prepared to take the current market value. 
>>>>>>>
>>>>>>>You can, too.? You are well on your way.? I wish you could get today what you could have gotten for your home 3 years ago.? But you can't.? And no one else can either.
>>>>>>>
>>>>>>>5-Day Sales are emotionally draining.? They compress a lot of major financial decisions into a short time frame.? It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.? If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.
>>>>>>>
>>>>>>>Decide now if you are going to take the offer.? If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.
>>>>>>>
>>>>>>>Bill Effros
>>>>>>>Author
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>juliegorman at bellsouth.net wrote: 
>>>>>>>Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 
>>>>>>>>
>>>>>>>>So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 
>>>>>>>>
>>>>>>>>This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are?doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.
>>>>>>>>
>>>>>>>>The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?
>>>>>>>>
>>>>>>>>The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?
>>>>>>>>
>>>>>>>>The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?
>>>>>>>>
>>>>>>>>Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.
>>>>>>>>
>>>>>>>>Julie from Kentucky
>>>>>>>>-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>>>>>>>>>
>>>>>>>>>Agreed.
>>>>>>>>>
>>>>>>>>>But it tells you everything you need to know.
>>>>>>>>>
>>>>>>>>>If you want to sell it now you can only get the current market price.? No one can say if that price will be higher or lower 3 months from now, or 6 months from now.
>>>>>>>>>
>>>>>>>>>You can play around with 5 Day ads on Craigslist for nothing.
>>>>>>>>>
>>>>>>>>>Always start them late Tuesday night.? If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.? It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.
>>>>>>>>>
>>>>>>>>>But would you take twice the starting price? or 90% of what you are hoping for?? or 80%?
>>>>>>>>>
>>>>>>>>>At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.
>>>>>>>>>
>>>>>>>>>I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.? I'll keep thinking out loud with you, if you like.? At some point you'll know what you have to do.
>>>>>>>>>
>>>>>>>>>Bill Effros
>>>>>>>>>Author
>>>>>>>>>
>>>>>>>>>j crafor wrote: 
>>>>>>>>>Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
>>>>>>>>>>?
>>>>>>>>>>That IS correct, which is why I decided to do FSBO. 
>>>>>>>>>>?
>>>>>>>>>>The last agent that I talked to, showed the?house to at the open houes, immediately wanted to list it, 7.5% commission,?9 month listing....
>>>>>>>>>>No thanks. 
>>>>>>>>>>?
>>>>>>>>>>________________________________
Date: Wed, 5 Aug 2009 10:34:07 -0400
>>>>>>>>>>From: bill at effros.com
>>>>>>>>>>To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>Subject: Re: [5-DayForum] Had a sale last weekend
>>>>>>>>>>
>>>>>>>>>>JCrafor,
>>>>>>>>>>
>>>>>>>>>>Your home is in a place where it has become extremely difficult to sell homes -- at any price.? Nobody knows what they are worth at this time.? List with an agent for a limited time period -- let's say 3 months.? See what happens.? Let us know.
>>>>>>>>>>
>>>>>>>>>>I believe we are headed for a lot of inflation.? Homes in some places will start to rise in selling price.? But other homes will never be sold at any price.
>>>>>>>>>>
>>>>>>>>>>Just my opinion -- this is not my area of expertise.
>>>>>>>>>>
>>>>>>>>>>Bill Effros
>>>>>>>>>>Author
>>>>>>>>>>
>>>>>>>>>>j crafor wrote: 
>>>>>>>>>>I?had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
>>>>>>>>>>>Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.? Sort of considering listing with an agent...
>>>>>>>>>>>JCrafor
>>>>>>>>>>>?
>>>>>>>>>>>________________________________
From: Janetislight at aol.com
>>>>>>>>>>>Date: Wed, 5 Aug 2009 09:24:53 -0400
>>>>>>>>>>>To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>>Subject: Re: [5-DayForum] Had a sale last weekend
>>>>>>>>>>>
>>>>>>>>>>>Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.
>>>>>>>>>>>
>>>>>>>>>>>Janet
>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
>>>>>>>>>>>Sue,
>>>>>>>>>>>>
>>>>>>>>>>>>You already understand most of what you've got to know.
>>>>>>>>>>>>
>>>>>>>>>>>>The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.
>>>>>>>>>>>>
>>>>>>>>>>>>All you need is Craigslist.
>>>>>>>>>>>>
>>>>>>>>>>>>Start your home at $24,500.? I know.? It sounds crazy.
>>>>>>>>>>>>
>>>>>>>>>>>>But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.? You will get the most you can get for your home at the present time.
>>>>>>>>>>>>
>>>>>>>>>>>>I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.? There is no question that most of them cannot or will not pay what you are hoping for.? But so what?? 3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.
>>>>>>>>>>>>
>>>>>>>>>>>>Enough people have computers so that you no longer have to take telephone calls.? You can do everything on the web -- and the response is instantaneous.
>>>>>>>>>>>>
>>>>>>>>>>>>Prepare materials to email back to people before placing the ad.? You can send pictures.? You can explain in detail how you will run the sale.? Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.
>>>>>>>>>>>>
>>>>>>>>>>>>I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.? I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.
>>>>>>>>>>>>
>>>>>>>>>>>>Unlike Bill, your home can certainly be sold at this time.? Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.
>>>>>>>>>>>>
>>>>>>>>>>>>If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.
>>>>>>>>>>>>
>>>>>>>>>>>>The Craigslist headline and body copy work differently than newspaper 5-Day Ads.? Again, let us know what works.
>>>>>>>>>>>>
>>>>>>>>>>>>Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.? I generally try to run one ad starting Tuesday night and deleting Thursday.? And an updating ad running Friday Saturday and Sunday.? You should have 25 responses by Thursday night.
>>>>>>>>>>>>
>>>>>>>>>>>>Let us know how it goes.? You're on the right track.
>>>>>>>>>>>>
>>>>>>>>>>>>Bill Effros
>>>>>>>>>>>>Author
>>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>Sue Pruett wrote: 
>>>>>>>>>>>>I am a big fan of this method.? We used the first book back in 1995 to sell our first house, and it worked great!? I always knew we would use this method for our second house.? Well, the time has come to sell our second house!? I purchased the book just about a month ago.? However, I didn't realize there was a third edition until about two weeks ago.? The seller didn't inform me of this fact!? I'm sure there is a lot in the third edition that would have been helpful to us!
>>>>>>>>>>>>>
>>>>>>>>>>>>>Well, here's where our story stands right now.? 
>>>>>>>>>>>>>
>>>>>>>>>>>>>We live in Southern Illinois, across the Mississippi from St. Louis.? Homes in our neighborhood have been selling in the upper $80's in the past 4 months.? When we compare our home to these, some things are better in ours, some are worse.? Ours is larger than any of them.? We had hoped to get about $90K, but would have been more than satisfied with $85K.? 
>>>>>>>>>>>>>
>>>>>>>>>>>>>We tried the sale two weeks ago with ads in the only daily in town.? We got 4 calls.? We postponed the sale.? We were able to advertise in two weeklies, in addition to the daily.? We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.? At least 12 of our callers were so excited about the house, we thought we were good to go.? Don't break that rule!? We only had 5 families come to look, and only two bidders, and one could?not afford our starting price.? We did get a $75K offer, and we agreed to sell it to her.
>>>>>>>>>>>>>
>>>>>>>>>>>>>The other thing we did was start at $74,500, because we were scared to start lower.??I'm sure this also contributed to fewer callers.??We arent' sure the current buyer is going to come through.? We should know by tonight.? If she doesn't, we are purchasing the third edition of the book, and doing it right!? We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.? I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.? 
>>>>>>>>>>>>>
>>>>>>>>>>>>>I know I've gone on a long time, but?I do have a question -?can anyone point me to which internet advertising you all use.? I've never used anything but ebay to sell over the internet, and not for something like?a house!? ? I'd just like to get a picture of how internet advertising works.? Thanks so much for sticking with my story!
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>Sue Pruett
>>>>>>>>>>>>>32950 Delhi Road
>>>>>>>>>>>>>Brighton, IL? 62012
>>>>>>>>>>>>>618-372-3501
>>>>>>>>>>>>>Visit my blogs at http://www.thecharlottemasongirl.com/
>>>>>>>>>>>>>and http://www.illinoisgreenhome.com
>>>>>>>>>>>>>and http://parentingwithstyle.blogspot.com/
>>>>>>>>>>>>> 
>>>>>>>>>>>>>
________________________________

>>>>>>>>>>>>>_______________________________________________
>>>>>>>>>>>>>5-DayForum mailing list
>>>>>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>>>>>>>  
>>>>>>>>>>>>
>>>>>>>>>>>>_______________________________________________
>>>>>>>>>>>>5-DayForum mailing list
>>>>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>
________________________________

>>>>>>>>>>>________________________________
Get back to school stuff for them and cashback for you. Try BingT now. 
>>>>>>>>>>>
________________________________

>>>>>>>>>>>_______________________________________________
>>>>>>>>>>>5-DayForum mailing list
>>>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>>>>>  
>>>>>>>>>>________________________________
Get back to school stuff for them and cashback for you. Try BingT now. 
>>>>>>>>>>
________________________________

>>>>>>>>>>_______________________________________________
>>>>>>>>>>5-DayForum mailing list
>>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>>>>  
>>>>>>>>
________________________________

>>>>>>>>_______________________________________________
>>>>>>>>5-DayForum mailing list
>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>>  
>>>>>>
________________________________

>>>>>>_______________________________________________
>>>>>>5-DayForum mailing list
>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>  
>>>>
________________________________

>>>>_______________________________________________
>>>>5-DayForum mailing list
>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>  
>>
________________________________
_______________________________________________
>>5-DayForum mailing list
>>5-DayForum at mailman.howtosellyourhomein5days.com
>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
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From juliegorman at bellsouth.net  Fri Aug  7 15:04:00 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Fri, 07 Aug 2009 19:04:00 +0000
Subject: [5-DayForum] anybody familiar with myhomesaleassist.com???
In-Reply-To: <186451.48197.qm@web80602.mail.mud.yahoo.com>
References: <c61.5132d2a5.37aae225@aol.com><SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl><4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl><4A7A5689.9060800@effros.com><080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><4A7AD96B.9050203@effros.com><080620091529.13134.4A7AF6DC000CFCD40000334E22243323629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><4A7B34EF.1060306@effros.com><080620092038.24213.4A7B3F2F000AED3F00005E9522193100029B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><4A7B47F8.104@effros.com><080720091505.29279.4A7C42B400057CED0000725F22218675169B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><284100.77692.qm@web59509.mail.ac4.yahoo.com><038b01ca1777$432d26a0$6901a8c0@FAMILYROOM><080720091605.2566.4A7C50AA000C881A00000A0622230704929B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<186451.48197.qm@web80602.mail.mud.yahoo.com>
Message-ID: <080720091904.26034.4A7C7A9E0006849D000065B222230703729B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

Anyone familiar with myhomsaleassist.com? I received the following information and don't know if I should list my home here? Anybody have advice?

What makes me skeptical is that I received another one after the first by a different name but similar message. Both of the messages are below.

First message:
Hi, I read your craigslist ad $199500 amazing oldham county home goes to highest bidder sunday. I have two people in louisville interested in your property. Please add your house to our site http://www.myhomesaleassist.com so that the buyer may contact you directly with any question(s) they want answered through our email system. Basically as far as the picture of the house is what is shown in your ad, the house will be sold within 7 days. After the house has been added please reply with a link of the home so i can give it to the buyer. Thank you. 

2nd Message:
Hi, I saw your craigslist ad 4br - immaculate home open house sat-sun 10-5 (crestwood). I have a family who are near louisville interested in your property. Please add your house to our website http://www.myhomesaleassist.com so that the interested buyer can contact you directly with any question or questions they want answered through our email system. Rest assured that as long as the picture on the ad is the picture of the house, the house will be sold within 7 days. Please reply with a link of the home so i can give it to the buyer. Have a good day. 

Thanks:
Julie
-------------- Original message from Leslie Michaels <artchr61 at yahoo.com>: -------------- 


I love the way you did your ad! Nothing like the book, but obviously, exactly what is needed for Craigslist! Great pictures too! And what a great idea to put it on Facebook as well! 
I'm looking forward to hearing how your weekend goes. If I decide to try this method again in the near future, I'll be sure to take a page from your book!

Leslie





From: "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, August 7, 2009 11:05:00 AM
Subject: Re: [5-DayForum] 41 contacts so far!!!


Thanks for posting this Bill! I'm up to my ears in phone calls and didn't have time yet to find it. 

One note however I've posted 3 different ads, one each day figuring that some people only look at the day at hand. One of the posts was so to the "t" of what Bill recommended, that a woman in louisville, who just purchased Bill's book, recognized the format and emailed me, requesting that I let her know how the sale goes.

MORE CALLS! :)
Julie

-------------- Original message from "Bill Barks" <barks4444 at comcast.net>: -------------- 


here's the ad  http://louisville.craigslist.org/reo/1306996049.html
Kind Regards,

----- Original Message ----- 
From: Gary Noel 
To: How To Sell Your Home in 5-Days 
Sent: Friday, August 07, 2009 8:36 AM
Subject: Re: [5-DayForum] 41 contacts so far!!!


Julie, did you use the ad Bill has in his book exactly the way he has laid it out or did you modify it slightly?  You seem to one of the few who have received more than a couple of calls off Craig's and I'd be interested to know what exactly you did.  I'd like to learn.  Would you be willing to share the ad with us?

Gary





From: "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, August 7, 2009 10:05:26 AM
Subject: [5-DayForum] 41 contacts so far!!!


Hello. Just a quick update--we have 41 contacts so far: 25 from Craig's list, 3 from Facebook, 9 From Flyers, and  4 from our ads. 

I do have 3 quick questions--People are wanting to have a title search done. Is that something I should provide at the inspection? Or just let all of them do their own prior to our open house? 

Also, how many copies of the restrictions/covenants for our subdivision should I have printed for the Open House/Inspection?

I've printed 100 copies of the quick description, detailed description, and the rules to the sale, but with this many calls thus far, do you think that will that be enough?

I know there are 3 real buyers in there somewhere. Everyone I've talked to really loves the concept of what we are doing and are looking forward to seeing our home! 

YEAH!  :)
Julie from Kentucky


-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I would start contacting people now.  Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"

I like busy sales because you never get bored, and you don't start second guessing yourself.

Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.

Make sure you have enough help, and that everyone is singing the same tune.

Don't think you can spot the real buyers in the crowd.  You can't.

People will be testing you to see if you're honest.  Be yourself.  They're just people, and one of them is going to buy your home.

Pace yourself.

Keep the cards and letters coming,

Bill Effros
Author

juliegorman at bellsouth.net wrote: 
YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 

>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?

Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)

I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 

I'm SELLING MY HOUSE SUNDAY! YAHOO!

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I have always given the address immediately.  In the old days that would result in lines of cars circling the house before the sale, but so what?  Nobody got in the front door before 10 on Saturday.

The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.  The Method I pass on has worked best for the most people.  That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

Using the traditional method, people were not averaging 1 response per week.  Now you have 17 people to talk to in less than 2 days.  There is a fair deal somewhere in this mix, and all you have to do is find it.

Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest price.  There is absolutely nothing wrong with that.  Every seller wants to sell for the highest possible price.  There is absolutely nothing wrong with that, either.  Most people are incredibly honest, and that honesty has an aura anyone can pick up.  And they pick up your aura, too.

If you can establish trust in what you are doing, real buyers will step up and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are buying foreclosures from banks at 60% of current value.  They don't need your home at this time.  Most of the people who attend your sale will be a lot like you.  Treat them as you would want to be treated.

It is a whole lot of work for 5 days, but you can always make it pay off.  You are well on your way.

Bill Effros
Author



juliegorman at bellsouth.net wrote: 
YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?

Julie
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 
Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 
Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 
I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

Janet


In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 
I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

Well, here's where our story stands right now.  

We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/



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From juliegorman at bellsouth.net  Fri Aug  7 15:09:27 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Fri, 07 Aug 2009 19:09:27 +0000
Subject: [5-DayForum] 41 contacts so far!!!
In-Reply-To: <186451.48197.qm@web80602.mail.mud.yahoo.com>
References: <c61.5132d2a5.37aae225@aol.com><SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl><4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl><4A7A5689.9060800@effros.com><080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><4A7AD96B.9050203@effros.com><080620091529.13134.4A7AF6DC000CFCD40000334E22243323629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><4A7B34EF.1060306@effros.com><080620092038.24213.4A7B3F2F000AED3F00005E9522193100029B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><4A7B47F8.104@effros.com><080720091505.29279.4A7C42B400057CED0000725F22218675169B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net><284100.77692.qm@web59509.mail.ac4.yahoo.com><038b01ca1777$432d26a0$6901a8c0@FAMILYROOM><080720091605.2566.4A7C50AA000C881A00000A0622230704929B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<186451.48197.qm@web80602.mail.mud.yahoo.com>
Message-ID: <080720091909.2467.4A7C7BE5000596F7000009A322230703729B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

Thanks and LOL...I think Bill has it cornered on this market...I am an author but not about realestate...however, I'd be happy to share the ads I created (Craigslist, Flyers, and Ads), the letters I wrote to family and friends, and I will most definitely share the final success of the sale! Keep your fingers crossed!

Julie in Kentucky
-------------- Original message from Leslie Michaels <artchr61 at yahoo.com>: -------------- 


I love the way you did your ad! Nothing like the book, but obviously, exactly what is needed for Craigslist! Great pictures too! And what a great idea to put it on Facebook as well! 
I'm looking forward to hearing how your weekend goes. If I decide to try this method again in the near future, I'll be sure to take a page from your book!

Leslie





From: "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, August 7, 2009 11:05:00 AM
Subject: Re: [5-DayForum] 41 contacts so far!!!


Thanks for posting this Bill! I'm up to my ears in phone calls and didn't have time yet to find it. 

One note however I've posted 3 different ads, one each day figuring that some people only look at the day at hand. One of the posts was so to the "t" of what Bill recommended, that a woman in louisville, who just purchased Bill's book, recognized the format and emailed me, requesting that I let her know how the sale goes.

MORE CALLS! :)
Julie

-------------- Original message from "Bill Barks" <barks4444 at comcast.net>: -------------- 


here's the ad  http://louisville.craigslist.org/reo/1306996049.html
Kind Regards,

----- Original Message ----- 
From: Gary Noel 
To: How To Sell Your Home in 5-Days 
Sent: Friday, August 07, 2009 8:36 AM
Subject: Re: [5-DayForum] 41 contacts so far!!!


Julie, did you use the ad Bill has in his book exactly the way he has laid it out or did you modify it slightly?  You seem to one of the few who have received more than a couple of calls off Craig's and I'd be interested to know what exactly you did.  I'd like to learn.  Would you be willing to share the ad with us?

Gary





From: "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, August 7, 2009 10:05:26 AM
Subject: [5-DayForum] 41 contacts so far!!!


Hello. Just a quick update--we have 41 contacts so far: 25 from Craig's list, 3 from Facebook, 9 From Flyers, and  4 from our ads. 

I do have 3 quick questions--People are wanting to have a title search done. Is that something I should provide at the inspection? Or just let all of them do their own prior to our open house? 

Also, how many copies of the restrictions/covenants for our subdivision should I have printed for the Open House/Inspection?

I've printed 100 copies of the quick description, detailed description, and the rules to the sale, but with this many calls thus far, do you think that will that be enough?

I know there are 3 real buyers in there somewhere. Everyone I've talked to really loves the concept of what we are doing and are looking forward to seeing our home! 

YEAH!  :)
Julie from Kentucky


-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I would start contacting people now.  Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"

I like busy sales because you never get bored, and you don't start second guessing yourself.

Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.

Make sure you have enough help, and that everyone is singing the same tune.

Don't think you can spot the real buyers in the crowd.  You can't.

People will be testing you to see if you're honest.  Be yourself.  They're just people, and one of them is going to buy your home.

Pace yourself.

Keep the cards and letters coming,

Bill Effros
Author

juliegorman at bellsouth.net wrote: 
YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 

>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?

Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)

I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 

I'm SELLING MY HOUSE SUNDAY! YAHOO!

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I have always given the address immediately.  In the old days that would result in lines of cars circling the house before the sale, but so what?  Nobody got in the front door before 10 on Saturday.

The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.  The Method I pass on has worked best for the most people.  That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

Using the traditional method, people were not averaging 1 response per week.  Now you have 17 people to talk to in less than 2 days.  There is a fair deal somewhere in this mix, and all you have to do is find it.

Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest price.  There is absolutely nothing wrong with that.  Every seller wants to sell for the highest possible price.  There is absolutely nothing wrong with that, either.  Most people are incredibly honest, and that honesty has an aura anyone can pick up.  And they pick up your aura, too.

If you can establish trust in what you are doing, real buyers will step up and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are buying foreclosures from banks at 60% of current value.  They don't need your home at this time.  Most of the people who attend your sale will be a lot like you.  Treat them as you would want to be treated.

It is a whole lot of work for 5 days, but you can always make it pay off.  You are well on your way.

Bill Effros
Author



juliegorman at bellsouth.net wrote: 
YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?

Julie
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 
Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 
Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 
I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

Janet


In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 
I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

Well, here's where our story stands right now.  

We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/



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Get back to school stuff for them and cashback for you. Try BingT now. 

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Get back to school stuff for them and cashback for you. Try BingT now. 

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From Janetislight at aol.com  Fri Aug  7 15:12:57 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Fri, 7 Aug 2009 15:12:57 EDT
Subject: [5-DayForum] anybody familiar with myhomesaleassist.com???
Message-ID: <c53.5357d21a.37add6b9@aol.com>

This is bunk in my book.
 
Janet
 
 
In a message dated 8/7/2009 2:06:08 P.M. Central Daylight Time,  
juliegorman at bellsouth.net writes:




Anyone familiar with myhomsaleassist.com? I received the following  
information and don't know if I should list my home here? Anybody have  advice?
 
What makes me skeptical is that I received another one after the first by  
a different name but similar message. Both of the messages are  below.
 
First message:
Hi, I read your craigslist ad $199500 amazing oldham county home goes to  
highest bidder sunday. I have two people in louisville interested in your  
property. Please add your house to our site _http://www.myhomesaleassist.com_ 
(http://www.myhomesaleassist.com/)  so that the buyer may  contact you 
directly with any question(s) they want answered through our email  system. 
Basically as far as the picture of the house is what is shown in your  ad, the 
house will be sold within 7 days. After the house has been added  please reply 
with a link of the home so i can give it to the buyer. Thank you.  

2nd Message:
Hi, I saw your craigslist ad 4br - immaculate home open house sat-sun  10-5 
(crestwood). I have a family who are near louisville interested in your  
property. Please add your house to our website 
_http://www.myhomesaleassist.com_ (http://www.myhomesaleassist.com/)  so that the interested buyer  can 
contact you directly with any question or questions they want answered  through 
our email system. Rest assured that as long as the picture on the ad  is 
the picture of the house, the house will be sold within 7 days. Please  reply 
with a link of the home so i can give it to the buyer. Have a good day.  

Thanks:
Julie

--------------  Original message from Leslie Michaels <artchr61 at yahoo.com>: 
 -------------- 


I love the way you did your ad! Nothing like the book, but obviously,  
exactly what is needed for Craigslist! Great pictures too! And what a great  
idea to put it on Facebook as well! 
I'm looking forward to hearing how your weekend goes. If I decide to  try 
this method again in the near future, I'll be sure to take a page from  your 
book!
 
Leslie


 
____________________________________
 From:  "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
To: How To Sell Your Home in 5-Days  
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, August 7, 2009 11:05:00  AM
Subject: Re:  [5-DayForum] 41 contacts so far!!!


Thanks for posting this Bill! I'm up to my ears in phone calls and  didn't 
have time yet to find it. 
 
One note however I've posted 3 different ads, one each  day figuring that 
some people only look at the day at hand. One of the posts  was so to the "t" 
of what Bill recommended, that a woman in louisville, who  just purchased 
Bill's book, recognized the format and emailed me, requesting  that I let her 
know how the sale goes.
 
MORE CALLS! :)
Julie
 
-------------- Original message from "Bill Barks"  <barks4444 at comcast.net>: 
-------------- 



here's the ad   http://louisville.craigslist.org/reo/1306996049.html
Kind Regards,
 

----- Original Message ----- 
From: _Gary  Noel_ (mailto:gnoel88 at yahoo.com)  
To: _How To  Sell Your Home in 5-Days_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com)  
Sent: Friday, August 07, 2009 8:36  AM
Subject: Re: [5-DayForum] 41  contacts so far!!!



Julie, did you use the ad Bill has in his book exactly the way he  has laid 
it out or did you modify it slightly?  You seem to one of  the few who have 
received more than a couple of calls off Craig's and  I'd be interested to 
know what exactly you did.  I'd like to  learn.  Would you be willing to 
share the ad with us?
 
Gary


 
____________________________________
 From: "_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net) "  
<_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net) >
To: How To Sell Your Home in 5-Days  
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, August 7, 2009  10:05:26 AM
Subject:  [5-DayForum] 41 contacts so far!!!


Hello. Just a quick update--we have 41 contacts so far:  25 from Craig's 
list, 3 from Facebook, 9 From Flyers, and  4 from  our ads. 
 
I do have 3 quick questions--People are wanting to have a  title search 
done. Is that something I should provide at the inspection?  Or just let all of 
them do their own prior to our open house? 
 
Also, how many copies of the restrictions/covenants for our  subdivision 
should I have printed for the Open House/Inspection?
 
I've printed 100 copies of the quick description, detailed  description, 
and the rules to the sale, but with this many calls  thus far, do you think 
that will that be enough?
 
I know there are 3 real buyers in there somewhere. Everyone I've  talked to 
really loves the concept of what we are doing and are looking  forward to 
seeing our home! 
 
YEAH!  :)
Julie from Kentucky
 
 

--------------  Original message from Bill Effros <bill at effros.com>:  
-------------- 

Julie,

I would start  contacting people now.  Tell them you didn't want to give 
out  your address until you were sure you would get 25 responses by Friday  
night, and now you have 28 so you are going to tell everyone "it's a  go!"

I like busy sales because you never get bored, and you  don't start second 
guessing yourself.

Let them all know you're  going to sell your home to the high bidder Sunday 
night, and that they  are bidding against each other, not against you.

Make sure you  have enough help, and that everyone is singing the same  
tune.

Don't think you can spot the real buyers in the  crowd.  You can't.

People will be testing you to see if  you're honest.  Be yourself.  They're 
just people, and one  of them is going to buy your home.

Pace yourself.

Keep  the cards and letters coming,

Bill  Effros
Author

_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)   wrote:  
YAHOO! I have 28 calls now...guess that means I'm holding a  sale come 
Sunday. 
 
>From your last letter Bill it sounded like it would be  ok for me to 
contact the individuals and let them know the address;  is that right? If I do...I 
guess that means I can begin giving out  the physical location to future 
callers as well. Or should I just  continue doing what I'm doing and call 
everyone tomorrow night as I  originally said I would--I don't want them to 
think I'm changing the  rules as I go. Any advice?
 
Thus far (and it's only Thursday afternoon where I live) I have  received 
16 calls from Craig's list, 9 from Flyers, and 3 from ads.  The ads we're 
running on Saturday and Sunday will be front page of  the courier journal (we 
lucked out with some open spaces...again  yahoo). there readership is 400,000 
on the weekends...Is it  possible we could have too many people show up? I 
guess I'd love to  have to face that hurdle! :)
 
I have been praying very feverishly, following Bill's advice,  and 
believing God is really going to bless this sale! Thanks for all  the recent 
encouragement. I'll keep you posted as I go! 
 
I'm SELLING MY HOUSE SUNDAY! YAHOO!
 
Julie from Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Julie,

I have always  given the address immediately.  In the old days that would  
result in lines of cars circling the house before the sale, but so  what?  
Nobody got in the front door before 10 on  Saturday.

The whole idea here is that you sell your home in  5 days for the most you 
can possibly get on the day you  pick.  The Method I pass on has worked best 
for the most  people.  That doesn't mean that individual variations can't  
work out, only that I have heard about a lot of sales, and tried  to come up 
with one coherent explanation that has had the greatest  success ratio.

Using the traditional method, people were  not averaging 1 response per 
week.  Now you have 17 people to  talk to in less than 2 days.  There is a fair 
deal somewhere  in this mix, and all you have to do is find it.

Take  Rosemarie's advice to heart.  Every buyer wants to buy for  the 
lowest price.  There is absolutely nothing wrong with  that.  Every seller wants 
to sell for the highest possible  price.  There is absolutely nothing wrong 
with that,  either.  Most people are incredibly honest, and that honesty  
has an aura anyone can pick up.  And they pick up your aura,  too.

If you can establish trust in what you are doing, real  buyers will step up 
and talk to you.  Listen to  everyone.  Treat everyone well.  The sharks 
are buying  foreclosures from banks at 60% of current value.  They don't  need 
your home at this time.  Most of the people who attend  your sale will be a 
lot like you.  Treat them as you would  want to be treated.

It is a whole lot of work for 5 days,  but you can always make it pay off.  
You are well on your  way.

Bill Effros
Author



_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)   wrote:  
YEAH! Up to 17 so far...9 from Craig's list...3 from  ads...5 from flyers. 
So far everyone is really excited and can't  wait to find out our address. I 
did run into a situation where 2  of the potential buyers really wanted an 
address because they  are looking in my area today...but I held to our 
position that  we are trying to be fair to all potential buyers so we are not  
releasing our physical location until Friday evening but that I  would contact 
them by phone Friday evening with directions. They  seemed frustrated, 
again only 2 out of 17, but should I have  given them more info?
 
Julie

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Julie,

The process  is daunting in the best of times -- whether you do it by  
yourself or not.

7 responses from Craigslist is a good  sign.

It does not mean you will get what you are hoping  for.

It does mean there are plenty of people interested  in buying your home at 
the current market value.

Stop  hoping and praying for 40 responses by Friday night.   Whether you 
get 25 or 52 doesn't really matter.  The fact  that you got 7 from Craigslist 
immediately is the best news  you could get.

If it doesn't fill out to 25 by Friday  night you must know what you are 
going to do.  You are  not going to say "well, 23 is good enough."

You have  only 2 viable options -- either you tell everyone who has  
responded that you are going to run the sale next weekend if  you get the rest of 
the responses you need, or you are going  to tell everyone that you cannot 
sell your home at this time  using this method, but you are still interested 
in selling  your home.

So, at the end of day 3, if you had  advertised solely in Craigslist, you 
would have spent nothing,  but you would know a lot more than if you had 
signed up with a  broker for 6 months or a year.

If you decide not to  sell your home in 5-Days at this time, and no one 
else  responds, you have located 13 potential buyers at virtually no  cost.  
Very few brokers bring 13 potential buyers to any  home for sale in a year -- 
good times or bad -- and their  contracts stipulate that they "own" those 
buyers, even if the  buyer later buys directly from you at a price 
substantially  lower than the price listed in the contract, the broker still  gets a 
commission.

Work with the 13 potential  buyers.  Talk to them.  Email them.  Be  
completely honest with them.  See if you can find a fair  deal with any of them.

If not, wait 3 months and start  the 5-Day Method again, to see if the 
market is any  better.

If you locate 25 potential real buyers, and you  decide to run your 5-Day 
Sale, you must commit, in your own  mind, to following through on Sunday 
night.  Buyers can  hear from your answers whether you are truly going to sell 
to  the high bidder, or if you view the 5-Day Method as just a  "bait and 
switch".  If it sounds like a "bait and switch"  the real buyers will head for 
the exit without ever leaving a  bid.  You would, too.  You can't get the 
highest  possible bid without honestly committing to the  sale.

Here we get to a tricky part -- I am not your  lawyer.  And just as I 
cannot sell Janet's house for her  without putting myself in peril, I also cannot 
give you legal  advise without putting myself in peril.

Let me just  state some facts:

1.  A lot of lawyers don't know  what they are talking about.  (50% of them 
graduated from  law school in the bottom half of their class.)
2.  The  laws in most states protect FSBOs.  You are not a  professional.  
You do not have a license.  You are  trying to do things right.
3.  The starting price in  an "or best offer" ad is not legally binding.
4.   Nobody actually "sells" their home until the  "closing".
5.  All you are really trying to do is  "make a deal" Sunday night--and you 
make a non-binding promise  to strike that deal with the high bidder.
6.  The  buyer can back out of the deal right up to the  closing.
7.  The seller can back out of the deal right  up to the closing.
8.  Numerous other parties can kill  the deal, even if the buyer and seller 
both want to go through  with it.

Nobody can get you the price you want if the  market will not support that 
price.  If you use the 5-Day  Method you can get the current market price in 
5-Days--every  time--if you just stick closely to the method.  The  method 
"succeeds" every time for those who use it  properly.  The negative comments 
you read on this forum  come from people who blame the market for their  
mistakes.  They all could have sold their homes in 5 Days  if they were 
prepared to take the current market value.  

You can, too.  You are well on your way.  I  wish you could get today what 
you could have gotten for your  home 3 years ago.  But you can't.  And no 
one else  can either.

5-Day Sales are emotionally draining.   They compress a lot of major 
financial decisions into a short  time frame.  It would appear you are well on 
your way to  being able to sell your home in 5-Days, provided only you work  
out any difference between the current market value and the  least you are 
able to take.  If you view your 5-Day Sale  through this lens you will be 
offered the most anyone will  offer for your home at this time.

Decide now if you are  going to take the offer.  If not, do not follow 
through  with the Inspection and Round Robin--do something else Friday  
night--you are still far ahead of the game at minimal  cost.

Bill  Effros
Author








_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)   wrote:  
Just thought I'd jump in here...I certainly am not a  pro...but I placed an 
ad on Craigslist today and received 7  responses...Is that good? 
 
So far, between flyers, an ad in the newspaper, and  Craigslist I have 13 
responders in one day? I am hoping and  praying for at least 40 by Friday 
night, with a minimum of  the necessary 25. 
 
This process is a little scary. I was hoping to find  more encouragement on 
this Forum. I understand telling the  bad with the good. But when you are 
doing something  that you are already fearful about...it sure would be good  
to have a little more assurance of the truth.
 
The truth is until a formal contract is signed neither  I nor the buyer are 
bound to the bidding process.--is that  true?
 
The truth is if this process doesn't work...I have the  names and numbers 
of realtors...investors...and individuals  who have expressed interest in my 
home that I can respond  back to at a later time--is that true?
 
The truth is if I commit to this process...I will know  by Sunday evening a 
very close estimate to what buyers say  the value of my home is for that 
time and date...and I have  the choice to either accept or reject their 
evaluation...of  course with the understanding that I WILL take the highest  bid 
Sunday evening, as long as it meets the banks highest  bid of what I owe on 
it--is that true?
 
Please encourage me! This process is daunting the first  time and just need 
a little encouragement from anyone who  has had success.
 
Julie from Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Agreed.

But it  tells you everything you need to know.

If you want  to sell it now you can only get the current market  price.  No 
one can say if that price will be higher  or lower 3 months from now, or 6 
months from  now.

You can play around with 5 Day ads on  Craigslist for nothing.

Always start them late  Tuesday night.  If you don't have 2 or 3 responses 
by  noon Wednesday, pull the ad and think over what that  means.  It doesn't 
necessarily mean you can't sell  your home, and it doesn't necessarily mean 
you can't get  twice the starting price.

But would you take twice  the starting price? or 90% of what you are hoping 
 for?  or 80%?

At 1/2 current market price  there should be a lot of enthusiasm, and the 
fast hit you  get on Craigslist means failing to get 2 or 3 responses by  
noon Sunday must be interpreted as not enough  enthusiasm.

I know you have been honestly trying to  work this out, and you know I have 
never seen a housing  market situation like the one we're in.  I'll keep  
thinking out loud with you, if you like.  At some  point you'll know what you 
have to do.

Bill  Effros
Author

j crafor wrote:  
Agents here will NOT list for 3 months, unless there is  an automatic 3 
month extension. THEN, according to one  contract I read, there is ANOTHER 
three months beyond  that that the seller cannot sell to anyone without  giving 
the agent a commission, UNLESS it was re-listed  with another agent. This 
was a contract from the agent  that I had been working with for 15 years.  

That IS correct, which is why I decided to  do FSBO. 

The last agent that I talked to,  showed the house to at the open houes, 
immediately  wanted to list it, 7.5% commission, 9 month  listing....
No thanks. 

 
____________________________________
Date: Wed, 5 Aug 2009 10:34:07 -0400
From: _bill at effros.com_ (mailto:bill at effros.com) 
To:  _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your  home is in a place where it has become extremely  difficult to sell 
homes -- at any price.  Nobody  knows what they are worth at this time.  List 
with  an agent for a limited time period -- let's say 3  months.  See what 
happens.  Let us  know.

I believe we are headed for a lot of  inflation.  Homes in some places will 
start to rise  in selling price.  But other homes will never be  sold at 
any price.

Just my opinion -- this is not  my area of expertise.

Bill  Effros
Author

j crafor wrote:  
I had only one response for the 5day from  Craigslist, and more for the 
standard open house on  Craigslist.
Was considering doing a 5day this  coming weekend (in Tucson) but will have 
a standard  open house instead.  Sort of considering listing  with an 
agent...
JCrafor

 
____________________________________
From: _Janetislight at aol.com_ (mailto:Janetislight at aol.com) 
Date:  Wed, 5 Aug 2009 09:24:53 -0400
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

Yes, it would be interesting to know how to do  this on Craigslist, since I 
has zero responses from an  ad placed as laid out in the book.
 
Janet
 
 
 
In a message dated 8/4/2009 5:54:54 P.M. Central  Daylight Time, 
_bill at effros.com_ (mailto:bill at effros.com)   writes:

Sue,

You  already understand most of what you've got to  know.

The big change in the 4th edition is  that it is now possible to run a 
5-Day sale with  zero advertising cost.

All you need is  Craigslist.

Start your home at $24,500.   I know.  It sounds crazy.

But you know  you'll get more than 25 responses by Friday night,  and some 
people who say they will never leave St.  Louis are going to drive out just 
to see what's  going on.  You will get the most you can get  for your home 
at the present time.

I have  started at absurd prices many times. Literally a  zillion people 
show up, and you must be ready for  them.  There is no question that most of 
them  cannot or will not pay what you are hoping  for.  But so what?  3 
people who know what  your home is currently worth will pop out of the  crowd, 
bid against each other, and you will get the  most you can get for your home 
on the weekend you  pick.

Enough people have computers so that  you no longer have to take telephone 
calls.   You can do everything on the web -- and the response  is 
instantaneous.

Prepare materials to email  back to people before placing the ad.  You can  
send pictures.  You can explain in detail how  you will run the sale.  
Because you get to  write it all out in advance, you can be sure  everyone gets 
the same information, and you can be  sure you have said exactly what you 
want to  say.

I can't tell you exactly what materials  to provide in response to 
Craigslist inquiries  because I don't know yet.  I do know you will  get an 
overwhelming number of responses, and  virtually everyone looking for a home like 
yours  will know yours is available and REALLY will be sold  to the high 
bidder Sunday night.

Unlike Bill,  your home can certainly be sold at this time.   Just like 
Bill, you can know exactly what you've got  to do in just 5 Days at no cost.

If you start  to develop "stock" internet responses to Craigslist,  let us 
know what they are, and how they  worked.

The Craigslist headline and body copy  work differently than newspaper 
5-Day Ads.   Again, let us know what works.

Also, watch  the resubmission rules -- you don't want' to get  frozen out 
of Craigslist in the middle of your 5-Day  Sale.  I generally try to run one 
ad starting  Tuesday night and deleting Thursday.  And an  updating ad 
running Friday Saturday and  Sunday.  You should have 25 responses by  Thursday 
night.

Let us know how it  goes.  You're on the right track.

Bill  Effros
Author



Sue Pruett  wrote:  
I am a big fan of this method.  We  used the first book back in 1995 to 
sell our  first house, and it worked great!  I always  knew we would use this 
method for our second  house.  Well, the time has come to sell our  second 
house!  I purchased the book just  about a month ago.  However, I didn't  
realize there was a third edition until about  two weeks ago.  The seller didn't 
inform me  of this fact!  I'm sure there is a lot in  the third edition 
that would have been helpful  to us!
 
Well, here's where our story stands right  now.  
 
We live in Southern Illinois, across the  Mississippi from St. Louis.  
Homes in our  neighborhood have been selling in the upper  $80's in the past 4 
months.  When we  compare our home to these, some things are  better in ours, 
some are worse.  Ours is  larger than any of them.  We had hoped to  get 
about $90K, but would have been more than  satisfied with $85K.  
 
We tried the sale two weeks ago with ads in  the only daily in town.  We 
got 4  calls.  We postponed the sale.  We  were able to advertise in two 
weeklies, in  addition to the daily.  We broke a big rule  - we only had 17 calls 
by Friday, but went ahead  with the sale.  At least 12 of our callers  were 
so excited about the house, we thought we  were good to go.  Don't break 
that  rule!  We only had 5 families come to look,  and only two bidders, and 
one could not  afford our starting price.  We did get a  $75K offer, and we 
agreed to sell it to  her.
 
The other thing we did was start at  $74,500, because we were scared to 
start  lower.  I'm sure this also contributed  to fewer callers.  We arent' 
sure the  current buyer is going to come through.  We  should know by tonight.  
If she doesn't, we  are purchasing the third edition of the book,  and 
doing it right!  We'll start at  $49,500, and we'll utilize the other 
advertising  methods discussed in the third edition.  I  almost wish the fourth 
edition was already out,  as I'm worried we are behind the times with the  
internet advertising.  
 
I know I've gone on a long time, but I  do have a question - can anyone 
point me to  which internet advertising you all use.   I've never used anything 
but ebay to sell over  the internet, and not for something like a  house!   
 I'd just like to get a  picture of how internet advertising works.   
Thanks so much for sticking with my  story!


Sue Pruett
32950 Delhi  Road
Brighton, IL   62012
618-372-3501
Visit my blogs at _http://www.thecharlottemasongirl.com/_ 
(http://www.thecharlottemasongirl.com/) 
and _http://www.illinoisgreenhome.com_ (http://www.illinoisgreenhome.com/) 
and  http://parentingwithstyle.blogspot.com/
 
 
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From Janetislight at aol.com  Fri Aug  7 15:14:03 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Fri, 7 Aug 2009 15:14:03 EDT
Subject: [5-DayForum] 41 contacts so far!!!
Message-ID: <c07.653666ba.37add6fb@aol.com>

No crossing fingers.... just thank you's.  ;)
 
Janet
 
 
In a message dated 8/7/2009 2:12:00 P.M. Central Daylight Time,  
juliegorman at bellsouth.net writes:




Thanks and LOL...I think Bill has it cornered on this market...I am an  
author but not about realestate...however, I'd be happy to share the ads  I 
created (Craigslist, Flyers, and Ads), the letters I wrote to  family and 
friends, and I will most definitely share the final success of  the sale! Keep 
your fingers crossed!
 
Julie in Kentucky

--------------  Original message from Leslie Michaels <artchr61 at yahoo.com>: 
 -------------- 


I love the way you did your ad! Nothing like the book, but obviously,  
exactly what is needed for Craigslist! Great pictures too! And what a great  
idea to put it on Facebook as well! 
I'm looking forward to hearing how your weekend goes. If I decide to  try 
this method again in the near future, I'll be sure to take a page from  your 
book!
 
Leslie


 
____________________________________
 From:  "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
To: How To Sell Your Home in 5-Days  
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, August 7, 2009 11:05:00  AM
Subject: Re:  [5-DayForum] 41 contacts so far!!!


Thanks for posting this Bill! I'm up to my ears in phone calls and  didn't 
have time yet to find it. 
 
One note however I've posted 3 different ads, one each  day figuring that 
some people only look at the day at hand. One of the posts  was so to the "t" 
of what Bill recommended, that a woman in louisville, who  just purchased 
Bill's book, recognized the format and emailed me, requesting  that I let her 
know how the sale goes.
 
MORE CALLS! :)
Julie
 
-------------- Original message from "Bill Barks"  <barks4444 at comcast.net>: 
-------------- 



here's the ad   http://louisville.craigslist.org/reo/1306996049.html
Kind Regards,
 

----- Original Message ----- 
From: _Gary  Noel_ (mailto:gnoel88 at yahoo.com)  
To: _How To  Sell Your Home in 5-Days_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com)  
Sent: Friday, August 07, 2009 8:36  AM
Subject: Re: [5-DayForum] 41  contacts so far!!!



Julie, did you use the ad Bill has in his book exactly the way he  has laid 
it out or did you modify it slightly?  You seem to one of  the few who have 
received more than a couple of calls off Craig's and  I'd be interested to 
know what exactly you did.  I'd like to  learn.  Would you be willing to 
share the ad with us?
 
Gary


 
____________________________________
 From: "_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net) "  
<_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net) >
To: How To Sell Your Home in 5-Days  
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, August 7, 2009  10:05:26 AM
Subject:  [5-DayForum] 41 contacts so far!!!


Hello. Just a quick update--we have 41 contacts so far:  25 from Craig's 
list, 3 from Facebook, 9 From Flyers, and  4 from  our ads. 
 
I do have 3 quick questions--People are wanting to have a  title search 
done. Is that something I should provide at the inspection?  Or just let all of 
them do their own prior to our open house? 
 
Also, how many copies of the restrictions/covenants for our  subdivision 
should I have printed for the Open House/Inspection?
 
I've printed 100 copies of the quick description, detailed  description, 
and the rules to the sale, but with this many calls  thus far, do you think 
that will that be enough?
 
I know there are 3 real buyers in there somewhere. Everyone I've  talked to 
really loves the concept of what we are doing and are looking  forward to 
seeing our home! 
 
YEAH!  :)
Julie from Kentucky
 
 

--------------  Original message from Bill Effros <bill at effros.com>:  
-------------- 

Julie,

I would start  contacting people now.  Tell them you didn't want to give 
out  your address until you were sure you would get 25 responses by Friday  
night, and now you have 28 so you are going to tell everyone "it's a  go!"

I like busy sales because you never get bored, and you  don't start second 
guessing yourself.

Let them all know you're  going to sell your home to the high bidder Sunday 
night, and that they  are bidding against each other, not against you.

Make sure you  have enough help, and that everyone is singing the same  
tune.

Don't think you can spot the real buyers in the  crowd.  You can't.

People will be testing you to see if  you're honest.  Be yourself.  They're 
just people, and one  of them is going to buy your home.

Pace yourself.

Keep  the cards and letters coming,

Bill  Effros
Author

_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)   wrote:  
YAHOO! I have 28 calls now...guess that means I'm holding a  sale come 
Sunday. 
 
>From your last letter Bill it sounded like it would be  ok for me to 
contact the individuals and let them know the address;  is that right? If I do...I 
guess that means I can begin giving out  the physical location to future 
callers as well. Or should I just  continue doing what I'm doing and call 
everyone tomorrow night as I  originally said I would--I don't want them to 
think I'm changing the  rules as I go. Any advice?
 
Thus far (and it's only Thursday afternoon where I live) I have  received 
16 calls from Craig's list, 9 from Flyers, and 3 from ads.  The ads we're 
running on Saturday and Sunday will be front page of  the courier journal (we 
lucked out with some open spaces...again  yahoo). there readership is 400,000 
on the weekends...Is it  possible we could have too many people show up? I 
guess I'd love to  have to face that hurdle! :)
 
I have been praying very feverishly, following Bill's advice,  and 
believing God is really going to bless this sale! Thanks for all  the recent 
encouragement. I'll keep you posted as I go! 
 
I'm SELLING MY HOUSE SUNDAY! YAHOO!
 
Julie from Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Julie,

I have always  given the address immediately.  In the old days that would  
result in lines of cars circling the house before the sale, but so  what?  
Nobody got in the front door before 10 on  Saturday.

The whole idea here is that you sell your home in  5 days for the most you 
can possibly get on the day you  pick.  The Method I pass on has worked best 
for the most  people.  That doesn't mean that individual variations can't  
work out, only that I have heard about a lot of sales, and tried  to come up 
with one coherent explanation that has had the greatest  success ratio.

Using the traditional method, people were  not averaging 1 response per 
week.  Now you have 17 people to  talk to in less than 2 days.  There is a fair 
deal somewhere  in this mix, and all you have to do is find it.

Take  Rosemarie's advice to heart.  Every buyer wants to buy for  the 
lowest price.  There is absolutely nothing wrong with  that.  Every seller wants 
to sell for the highest possible  price.  There is absolutely nothing wrong 
with that,  either.  Most people are incredibly honest, and that honesty  
has an aura anyone can pick up.  And they pick up your aura,  too.

If you can establish trust in what you are doing, real  buyers will step up 
and talk to you.  Listen to  everyone.  Treat everyone well.  The sharks 
are buying  foreclosures from banks at 60% of current value.  They don't  need 
your home at this time.  Most of the people who attend  your sale will be a 
lot like you.  Treat them as you would  want to be treated.

It is a whole lot of work for 5 days,  but you can always make it pay off.  
You are well on your  way.

Bill Effros
Author



_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)   wrote:  
YEAH! Up to 17 so far...9 from Craig's list...3 from  ads...5 from flyers. 
So far everyone is really excited and can't  wait to find out our address. I 
did run into a situation where 2  of the potential buyers really wanted an 
address because they  are looking in my area today...but I held to our 
position that  we are trying to be fair to all potential buyers so we are not  
releasing our physical location until Friday evening but that I  would contact 
them by phone Friday evening with directions. They  seemed frustrated, 
again only 2 out of 17, but should I have  given them more info?
 
Julie

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Julie,

The process  is daunting in the best of times -- whether you do it by  
yourself or not.

7 responses from Craigslist is a good  sign.

It does not mean you will get what you are hoping  for.

It does mean there are plenty of people interested  in buying your home at 
the current market value.

Stop  hoping and praying for 40 responses by Friday night.   Whether you 
get 25 or 52 doesn't really matter.  The fact  that you got 7 from Craigslist 
immediately is the best news  you could get.

If it doesn't fill out to 25 by Friday  night you must know what you are 
going to do.  You are  not going to say "well, 23 is good enough."

You have  only 2 viable options -- either you tell everyone who has  
responded that you are going to run the sale next weekend if  you get the rest of 
the responses you need, or you are going  to tell everyone that you cannot 
sell your home at this time  using this method, but you are still interested 
in selling  your home.

So, at the end of day 3, if you had  advertised solely in Craigslist, you 
would have spent nothing,  but you would know a lot more than if you had 
signed up with a  broker for 6 months or a year.

If you decide not to  sell your home in 5-Days at this time, and no one 
else  responds, you have located 13 potential buyers at virtually no  cost.  
Very few brokers bring 13 potential buyers to any  home for sale in a year -- 
good times or bad -- and their  contracts stipulate that they "own" those 
buyers, even if the  buyer later buys directly from you at a price 
substantially  lower than the price listed in the contract, the broker still  gets a 
commission.

Work with the 13 potential  buyers.  Talk to them.  Email them.  Be  
completely honest with them.  See if you can find a fair  deal with any of them.

If not, wait 3 months and start  the 5-Day Method again, to see if the 
market is any  better.

If you locate 25 potential real buyers, and you  decide to run your 5-Day 
Sale, you must commit, in your own  mind, to following through on Sunday 
night.  Buyers can  hear from your answers whether you are truly going to sell 
to  the high bidder, or if you view the 5-Day Method as just a  "bait and 
switch".  If it sounds like a "bait and switch"  the real buyers will head for 
the exit without ever leaving a  bid.  You would, too.  You can't get the 
highest  possible bid without honestly committing to the  sale.

Here we get to a tricky part -- I am not your  lawyer.  And just as I 
cannot sell Janet's house for her  without putting myself in peril, I also cannot 
give you legal  advise without putting myself in peril.

Let me just  state some facts:

1.  A lot of lawyers don't know  what they are talking about.  (50% of them 
graduated from  law school in the bottom half of their class.)
2.  The  laws in most states protect FSBOs.  You are not a  professional.  
You do not have a license.  You are  trying to do things right.
3.  The starting price in  an "or best offer" ad is not legally binding.
4.   Nobody actually "sells" their home until the  "closing".
5.  All you are really trying to do is  "make a deal" Sunday night--and you 
make a non-binding promise  to strike that deal with the high bidder.
6.  The  buyer can back out of the deal right up to the  closing.
7.  The seller can back out of the deal right  up to the closing.
8.  Numerous other parties can kill  the deal, even if the buyer and seller 
both want to go through  with it.

Nobody can get you the price you want if the  market will not support that 
price.  If you use the 5-Day  Method you can get the current market price in 
5-Days--every  time--if you just stick closely to the method.  The  method 
"succeeds" every time for those who use it  properly.  The negative comments 
you read on this forum  come from people who blame the market for their  
mistakes.  They all could have sold their homes in 5 Days  if they were 
prepared to take the current market value.  

You can, too.  You are well on your way.  I  wish you could get today what 
you could have gotten for your  home 3 years ago.  But you can't.  And no 
one else  can either.

5-Day Sales are emotionally draining.   They compress a lot of major 
financial decisions into a short  time frame.  It would appear you are well on 
your way to  being able to sell your home in 5-Days, provided only you work  
out any difference between the current market value and the  least you are 
able to take.  If you view your 5-Day Sale  through this lens you will be 
offered the most anyone will  offer for your home at this time.

Decide now if you are  going to take the offer.  If not, do not follow 
through  with the Inspection and Round Robin--do something else Friday  
night--you are still far ahead of the game at minimal  cost.

Bill  Effros
Author








_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)   wrote:  
Just thought I'd jump in here...I certainly am not a  pro...but I placed an 
ad on Craigslist today and received 7  responses...Is that good? 
 
So far, between flyers, an ad in the newspaper, and  Craigslist I have 13 
responders in one day? I am hoping and  praying for at least 40 by Friday 
night, with a minimum of  the necessary 25. 
 
This process is a little scary. I was hoping to find  more encouragement on 
this Forum. I understand telling the  bad with the good. But when you are 
doing something  that you are already fearful about...it sure would be good  
to have a little more assurance of the truth.
 
The truth is until a formal contract is signed neither  I nor the buyer are 
bound to the bidding process.--is that  true?
 
The truth is if this process doesn't work...I have the  names and numbers 
of realtors...investors...and individuals  who have expressed interest in my 
home that I can respond  back to at a later time--is that true?
 
The truth is if I commit to this process...I will know  by Sunday evening a 
very close estimate to what buyers say  the value of my home is for that 
time and date...and I have  the choice to either accept or reject their 
evaluation...of  course with the understanding that I WILL take the highest  bid 
Sunday evening, as long as it meets the banks highest  bid of what I owe on 
it--is that true?
 
Please encourage me! This process is daunting the first  time and just need 
a little encouragement from anyone who  has had success.
 
Julie from Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Agreed.

But it  tells you everything you need to know.

If you want  to sell it now you can only get the current market  price.  No 
one can say if that price will be higher  or lower 3 months from now, or 6 
months from  now.

You can play around with 5 Day ads on  Craigslist for nothing.

Always start them late  Tuesday night.  If you don't have 2 or 3 responses 
by  noon Wednesday, pull the ad and think over what that  means.  It doesn't 
necessarily mean you can't sell  your home, and it doesn't necessarily mean 
you can't get  twice the starting price.

But would you take twice  the starting price? or 90% of what you are hoping 
 for?  or 80%?

At 1/2 current market price  there should be a lot of enthusiasm, and the 
fast hit you  get on Craigslist means failing to get 2 or 3 responses by  
noon Sunday must be interpreted as not enough  enthusiasm.

I know you have been honestly trying to  work this out, and you know I have 
never seen a housing  market situation like the one we're in.  I'll keep  
thinking out loud with you, if you like.  At some  point you'll know what you 
have to do.

Bill  Effros
Author

j crafor wrote:  
Agents here will NOT list for 3 months, unless there is  an automatic 3 
month extension. THEN, according to one  contract I read, there is ANOTHER 
three months beyond  that that the seller cannot sell to anyone without  giving 
the agent a commission, UNLESS it was re-listed  with another agent. This 
was a contract from the agent  that I had been working with for 15 years.  

That IS correct, which is why I decided to  do FSBO. 

The last agent that I talked to,  showed the house to at the open houes, 
immediately  wanted to list it, 7.5% commission, 9 month  listing....
No thanks. 

 
____________________________________
Date: Wed, 5 Aug 2009 10:34:07 -0400
From: _bill at effros.com_ (mailto:bill at effros.com) 
To:  _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your  home is in a place where it has become extremely  difficult to sell 
homes -- at any price.  Nobody  knows what they are worth at this time.  List 
with  an agent for a limited time period -- let's say 3  months.  See what 
happens.  Let us  know.

I believe we are headed for a lot of  inflation.  Homes in some places will 
start to rise  in selling price.  But other homes will never be  sold at 
any price.

Just my opinion -- this is not  my area of expertise.

Bill  Effros
Author

j crafor wrote:  
I had only one response for the 5day from  Craigslist, and more for the 
standard open house on  Craigslist.
Was considering doing a 5day this  coming weekend (in Tucson) but will have 
a standard  open house instead.  Sort of considering listing  with an 
agent...
JCrafor

 
____________________________________
From: _Janetislight at aol.com_ (mailto:Janetislight at aol.com) 
Date:  Wed, 5 Aug 2009 09:24:53 -0400
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

Yes, it would be interesting to know how to do  this on Craigslist, since I 
has zero responses from an  ad placed as laid out in the book.
 
Janet
 
 
 
In a message dated 8/4/2009 5:54:54 P.M. Central  Daylight Time, 
_bill at effros.com_ (mailto:bill at effros.com)   writes:

Sue,

You  already understand most of what you've got to  know.

The big change in the 4th edition is  that it is now possible to run a 
5-Day sale with  zero advertising cost.

All you need is  Craigslist.

Start your home at $24,500.   I know.  It sounds crazy.

But you know  you'll get more than 25 responses by Friday night,  and some 
people who say they will never leave St.  Louis are going to drive out just 
to see what's  going on.  You will get the most you can get  for your home 
at the present time.

I have  started at absurd prices many times. Literally a  zillion people 
show up, and you must be ready for  them.  There is no question that most of 
them  cannot or will not pay what you are hoping  for.  But so what?  3 
people who know what  your home is currently worth will pop out of the  crowd, 
bid against each other, and you will get the  most you can get for your home 
on the weekend you  pick.

Enough people have computers so that  you no longer have to take telephone 
calls.   You can do everything on the web -- and the response  is 
instantaneous.

Prepare materials to email  back to people before placing the ad.  You can  
send pictures.  You can explain in detail how  you will run the sale.  
Because you get to  write it all out in advance, you can be sure  everyone gets 
the same information, and you can be  sure you have said exactly what you 
want to  say.

I can't tell you exactly what materials  to provide in response to 
Craigslist inquiries  because I don't know yet.  I do know you will  get an 
overwhelming number of responses, and  virtually everyone looking for a home like 
yours  will know yours is available and REALLY will be sold  to the high 
bidder Sunday night.

Unlike Bill,  your home can certainly be sold at this time.   Just like 
Bill, you can know exactly what you've got  to do in just 5 Days at no cost.

If you start  to develop "stock" internet responses to Craigslist,  let us 
know what they are, and how they  worked.

The Craigslist headline and body copy  work differently than newspaper 
5-Day Ads.   Again, let us know what works.

Also, watch  the resubmission rules -- you don't want' to get  frozen out 
of Craigslist in the middle of your 5-Day  Sale.  I generally try to run one 
ad starting  Tuesday night and deleting Thursday.  And an  updating ad 
running Friday Saturday and  Sunday.  You should have 25 responses by  Thursday 
night.

Let us know how it  goes.  You're on the right track.

Bill  Effros
Author



Sue Pruett  wrote:  
I am a big fan of this method.  We  used the first book back in 1995 to 
sell our  first house, and it worked great!  I always  knew we would use this 
method for our second  house.  Well, the time has come to sell our  second 
house!  I purchased the book just  about a month ago.  However, I didn't  
realize there was a third edition until about  two weeks ago.  The seller didn't 
inform me  of this fact!  I'm sure there is a lot in  the third edition 
that would have been helpful  to us!
 
Well, here's where our story stands right  now.  
 
We live in Southern Illinois, across the  Mississippi from St. Louis.  
Homes in our  neighborhood have been selling in the upper  $80's in the past 4 
months.  When we  compare our home to these, some things are  better in ours, 
some are worse.  Ours is  larger than any of them.  We had hoped to  get 
about $90K, but would have been more than  satisfied with $85K.  
 
We tried the sale two weeks ago with ads in  the only daily in town.  We 
got 4  calls.  We postponed the sale.  We  were able to advertise in two 
weeklies, in  addition to the daily.  We broke a big rule  - we only had 17 calls 
by Friday, but went ahead  with the sale.  At least 12 of our callers  were 
so excited about the house, we thought we  were good to go.  Don't break 
that  rule!  We only had 5 families come to look,  and only two bidders, and 
one could not  afford our starting price.  We did get a  $75K offer, and we 
agreed to sell it to  her.
 
The other thing we did was start at  $74,500, because we were scared to 
start  lower.  I'm sure this also contributed  to fewer callers.  We arent' 
sure the  current buyer is going to come through.  We  should know by tonight.  
If she doesn't, we  are purchasing the third edition of the book,  and 
doing it right!  We'll start at  $49,500, and we'll utilize the other 
advertising  methods discussed in the third edition.  I  almost wish the fourth 
edition was already out,  as I'm worried we are behind the times with the  
internet advertising.  
 
I know I've gone on a long time, but I  do have a question - can anyone 
point me to  which internet advertising you all use.   I've never used anything 
but ebay to sell over  the internet, and not for something like a  house!   
 I'd just like to get a  picture of how internet advertising works.   
Thanks so much for sticking with my  story!


Sue Pruett
32950 Delhi  Road
Brighton, IL   62012
618-372-3501
Visit my blogs at _http://www.thecharlottemasongirl.com/_ 
(http://www.thecharlottemasongirl.com/) 
and _http://www.illinoisgreenhome.com_ (http://www.illinoisgreenhome.com/) 
and  http://parentingwithstyle.blogspot.com/
 
 
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From jcrafor at hotmail.com  Fri Aug  7 17:12:32 2009
From: jcrafor at hotmail.com (j crafor)
Date: Fri, 7 Aug 2009 21:12:32 +0000
Subject: [5-DayForum] anybody familiar with myhomesaleassist.com???
In-Reply-To: <c53.5357d21a.37add6b9@aol.com>
References: <c53.5357d21a.37add6b9@aol.com>
Message-ID: <SNT116-W12B74F76DAB25429C920A8AE0B0@phx.gbl>


I got several of those a few weeks ago. With the second one, I went to the site and didn't enter because I did not fit their parameters. After I got a few more, I responded to one: "Well, then, just give them the Craigslist ad!" Never heard from them again, but keep getting other similar, and numerous solicitations. 

I just delete them. 

I agree, they are bunk. (A word I've never used in this context)

 

JCrafor
 


From: Janetislight at aol.com
Date: Fri, 7 Aug 2009 15:12:57 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] anybody familiar with myhomesaleassist.com???


This is bunk in my book.
 
Janet
 

In a message dated 8/7/2009 2:06:08 P.M. Central Daylight Time, juliegorman at bellsouth.net writes:




Anyone familiar with myhomsaleassist.com? I received the following information and don't know if I should list my home here? Anybody have advice?
 
What makes me skeptical is that I received another one after the first by a different name but similar message. Both of the messages are below.
 
First message:
Hi, I read your craigslist ad $199500 amazing oldham county home goes to highest bidder sunday. I have two people in louisville interested in your property. Please add your house to our site http://www.myhomesaleassist.com so that the buyer may contact you directly with any question(s) they want answered through our email system. Basically as far as the picture of the house is what is shown in your ad, the house will be sold within 7 days. After the house has been added please reply with a link of the home so i can give it to the buyer. Thank you. 
 
2nd Message:
Hi, I saw your craigslist ad 4br - immaculate home open house sat-sun 10-5 (crestwood). I have a family who are near louisville interested in your property. Please add your house to our website http://www.myhomesaleassist.com so that the interested buyer can contact you directly with any question or questions they want answered through our email system. Rest assured that as long as the picture on the ad is the picture of the house, the house will be sold within 7 days. Please reply with a link of the home so i can give it to the buyer. Have a good day. 
 
Thanks:
Julie
-------------- Original message from Leslie Michaels <artchr61 at yahoo.com>: -------------- 





I love the way you did your ad! Nothing like the book, but obviously, exactly what is needed for Craigslist! Great pictures too! And what a great idea to put it on Facebook as well! 
I'm looking forward to hearing how your weekend goes. If I decide to try this method again in the near future, I'll be sure to take a page from your book!
 
Leslie





From: "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, August 7, 2009 11:05:00 AM
Subject: Re: [5-DayForum] 41 contacts so far!!!



Thanks for posting this Bill! I'm up to my ears in phone calls and didn't have time yet to find it. 
 
One note however I've posted 3 different ads, one each day figuring that some people only look at the day at hand. One of the posts was so to the "t" of what Bill recommended, that a woman in louisville, who just purchased Bill's book, recognized the format and emailed me, requesting that I let her know how the sale goes.
 
MORE CALLS! :)
Julie
 
-------------- Original message from "Bill Barks" <barks4444 at comcast.net>: -------------- 





here's the ad  http://louisville.craigslist.org/reo/1306996049.html
Kind Regards,
 

----- Original Message ----- 
From: Gary Noel 
To: How To Sell Your Home in 5-Days 
Sent: Friday, August 07, 2009 8:36 AM
Subject: Re: [5-DayForum] 41 contacts so far!!!



Julie, did you use the ad Bill has in his book exactly the way he has laid it out or did you modify it slightly?  You seem to one of the few who have received more than a couple of calls off Craig's and I'd be interested to know what exactly you did.  I'd like to learn.  Would you be willing to share the ad with us?
 
Gary





From: "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, August 7, 2009 10:05:26 AM
Subject: [5-DayForum] 41 contacts so far!!!



Hello. Just a quick update--we have 41 contacts so far: 25 from Craig's list, 3 from Facebook, 9 From Flyers, and  4 from our ads. 
 
I do have 3 quick questions--People are wanting to have a title search done. Is that something I should provide at the inspection? Or just let all of them do their own prior to our open house? 
 
Also, how many copies of the restrictions/covenants for our subdivision should I have printed for the Open House/Inspection?
 
I've printed 100 copies of the quick description, detailed description, and the rules to the sale, but with this many calls thus far, do you think that will that be enough?
 
I know there are 3 real buyers in there somewhere. Everyone I've talked to really loves the concept of what we are doing and are looking forward to seeing our home! 
 
YEAH!  :)
Julie from Kentucky
 
 
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I would start contacting people now.  Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"

I like busy sales because you never get bored, and you don't start second guessing yourself.

Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.

Make sure you have enough help, and that everyone is singing the same tune.

Don't think you can spot the real buyers in the crowd.  You can't.

People will be testing you to see if you're honest.  Be yourself.  They're just people, and one of them is going to buy your home.

Pace yourself.

Keep the cards and letters coming,

Bill Effros
Author

juliegorman at bellsouth.net wrote: 

YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 
 
>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?
 
Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)
 
I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 
 
I'm SELLING MY HOUSE SUNDAY! YAHOO!
 
Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I have always given the address immediately.  In the old days that would result in lines of cars circling the house before the sale, but so what?  Nobody got in the front door before 10 on Saturday.

The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.  The Method I pass on has worked best for the most people.  That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

Using the traditional method, people were not averaging 1 response per week.  Now you have 17 people to talk to in less than 2 days.  There is a fair deal somewhere in this mix, and all you have to do is find it.

Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest price.  There is absolutely nothing wrong with that.  Every seller wants to sell for the highest possible price.  There is absolutely nothing wrong with that, either.  Most people are incredibly honest, and that honesty has an aura anyone can pick up.  And they pick up your aura, too.

If you can establish trust in what you are doing, real buyers will step up and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are buying foreclosures from banks at 60% of current value.  They don't need your home at this time.  Most of the people who attend your sale will be a lot like you.  Treat them as you would want to be treated.

It is a whole lot of work for 5 days, but you can always make it pay off.  You are well on your way.

Bill Effros
Author



juliegorman at bellsouth.net wrote: 

YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?
 
Julie
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 

Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 
 
So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 
 
This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.
 
The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?
 
The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?
 
The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?
 
Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.
 
Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 


Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 


I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.
 
Janet
 
 

In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 





I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!
 
Well, here's where our story stands right now.  
 
We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  
 
We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.
 
The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  
 
I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/
 
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From juliegorman at bellsouth.net  Sat Aug  8 08:42:03 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Sat, 08 Aug 2009 12:42:03 +0000
Subject: [5-DayForum] How am
	Idoing	sofar...a	littleencouragement	please!?!
In-Reply-To: <4A7B47F8.104@effros.com>
References: <c61.5132d2a5.37aae225@aol.com>	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>	<4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl>	<4A7A5689.9060800@effros.com><080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>	<4A7AD96B.9050203@effros.com><080620091529.13134.4A7AF6DC000CFCD40000334E22243323629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>	<4A7B34EF.1060306@effros.com><080620092038.24213.4A7B3F2F000AED3F00005E9522193100029B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<4A7B47F8.104@effros.com>
Message-ID: <080820091242.1287.4A7D7299000E197B0000050722230650629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

52 SO FAR...our open house is in 1 1/2 hours...YIPPPEE!!!! HERE WE GO! This is SOOOOOO FUN! Last night we had someone offer to bring us a check today...just like Bill said they would. We had people showing up wanting to see the house...just like Bill said they would...

I can't wait for it to turn out with an acceptable price Sunday night...just like Bill says it will!

:)

I know God is going to bless this open house and sale this weekend.

Julie From Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I would start contacting people now.  Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"

I like busy sales because you never get bored, and you don't start second guessing yourself.

Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.

Make sure you have enough help, and that everyone is singing the same tune.

Don't think you can spot the real buyers in the crowd.  You can't.

People will be testing you to see if you're honest.  Be yourself.  They're just people, and one of them is going to buy your home.

Pace yourself.

Keep the cards and letters coming,

Bill Effros
Author

juliegorman at bellsouth.net wrote: 
YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 

>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?

Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)

I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 

I'm SELLING MY HOUSE SUNDAY! YAHOO!

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I have always given the address immediately.  In the old days that would result in lines of cars circling the house before the sale, but so what?  Nobody got in the front door before 10 on Saturday.

The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.  The Method I pass on has worked best for the most people.  That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

Using the traditional method, people were not averaging 1 response per week.  Now you have 17 people to talk to in less than 2 days.  There is a fair deal somewhere in this mix, and all you have to do is find it.

Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest price.  There is absolutely nothing wrong with that.  Every seller wants to sell for the highest possible price.  There is absolutely nothing wrong with that, either.  Most people are incredibly honest, and that honesty has an aura anyone can pick up.  And they pick up your aura, too.

If you can establish trust in what you are doing, real buyers will step up and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are buying foreclosures from banks at 60% of current value.  They don't need your home at this time.  Most of the people who attend your sale will be a lot like you.  Treat them as you would want to be treated.

It is a whole lot of work for 5 days, but you can always make it pay off.  You are well on your way.

Bill Effros
Author



juliegorman at bellsouth.net wrote: 
YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?

Julie
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 
Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 
Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 
I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

Janet


In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 
I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

Well, here's where our story stands right now.  

We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/



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From bill at effros.com  Sat Aug  8 09:08:04 2009
From: bill at effros.com (Bill Effros)
Date: Sat, 08 Aug 2009 09:08:04 -0400
Subject: [5-DayForum] How to Unsubscribe
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25 to 30 people a day subscribe and unsubscribe.

If you are having a problem, it is probably on your own computer.  The
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From Janetislight at aol.com  Sat Aug  8 12:18:32 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Sat, 8 Aug 2009 12:18:32 EDT
Subject: [5-DayForum] How am Idoing sofar...a littleencouragement
	please!?!
Message-ID: <bcb.560d3a0d.37aeff58@aol.com>

Let us know how it goes!!!
 
Janet
 
 
In a message dated 8/8/2009 7:43:12 A.M. Central Daylight Time,  
juliegorman at bellsouth.net writes:




52 SO FAR...our open house is in 1 1/2 hours...YIPPPEE!!!! HERE WE GO!  
This is SOOOOOO FUN! Last night we had someone offer to bring us a check  
today...just like Bill said they would. We had people showing up wanting to  see 
the house...just like Bill said they would...

I can't wait for it  to turn out with an acceptable price Sunday 
night...just like Bill  says it will!
 
:)
 
I know God is going to bless this open house and sale this weekend.
 
Julie From Kentucky

--------------  Original message from Bill Effros <bill at effros.com>: 
--------------  

Julie,

I would  start contacting people now.  Tell them you didn't want to give 
out  your address until you were sure you would get 25 responses by Friday 
night,  and now you have 28 so you are going to tell everyone "it's a go!"

I  like busy sales because you never get bored, and you don't start second  
guessing yourself.

Let them all know you're going to sell your home  to the high bidder Sunday 
night, and that they are bidding against each  other, not against you.

Make sure you have enough help, and that  everyone is singing the same tune.

Don't think you can spot the real  buyers in the crowd.  You can't.

People will be testing you to  see if you're honest.  Be yourself.  They're 
just people, and one  of them is going to buy your home.

Pace yourself.

Keep the  cards and letters coming,

Bill Effros
Author

_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)  wrote:   
YAHOO! I have 28 calls now...guess that means I'm holding a sale come  
Sunday. 
 
>From your last letter Bill it sounded like it would be ok for  me to 
contact the individuals and let them know the address; is that  right? If I do...I 
guess that means I can begin giving out the physical  location to future 
callers as well. Or should I just continue doing what  I'm doing and call 
everyone tomorrow night as I originally said I would--I  don't want them to 
think I'm changing the rules as I go. Any  advice?
 
Thus far (and it's only Thursday afternoon where I live) I have  received 
16 calls from Craig's list, 9 from Flyers, and 3 from ads. The  ads we're 
running on Saturday and Sunday will be front page of the courier  journal (we 
lucked out with some open spaces...again yahoo). there  readership is 400,000 
on the weekends...Is it possible we could  have too many people show up? I 
guess I'd love to have to face that  hurdle! :)
 
I have been praying very feverishly, following Bill's advice, and  
believing God is really going to bless this sale! Thanks for all the  recent 
encouragement. I'll keep you posted as I go! 
 
I'm SELLING MY HOUSE SUNDAY! YAHOO!
 
Julie from Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Julie,

I have always given  the address immediately.  In the old days that would 
result in  lines of cars circling the house before the sale, but so what?   
Nobody got in the front door before 10 on Saturday.

The whole  idea here is that you sell your home in 5 days for the most you 
can  possibly get on the day you pick.  The Method I pass on has worked  
best for the most people.  That doesn't mean that individual  variations can't 
work out, only that I have heard about a lot of sales,  and tried to come up 
with one coherent explanation that has had the  greatest success ratio.

Using the traditional method, people were  not averaging 1 response per 
week.  Now you have 17 people to talk  to in less than 2 days.  There is a fair 
deal somewhere in this  mix, and all you have to do is find it.

Take Rosemarie's advice  to heart.  Every buyer wants to buy for the lowest 
price.   There is absolutely nothing wrong with that.  Every seller wants 
to  sell for the highest possible price.  There is absolutely nothing  wrong 
with that, either.  Most people are incredibly honest, and  that honesty has 
an aura anyone can pick up.  And they pick up your  aura, too.

If you can establish trust in what you are doing, real  buyers will step up 
and talk to you.  Listen to everyone.   Treat everyone well.  The sharks 
are buying foreclosures from banks  at 60% of current value.  They don't need 
your home at this  time.  Most of the people who attend your sale will be a 
lot like  you.  Treat them as you would want to be treated.

It is a  whole lot of work for 5 days, but you can always make it pay off.  
 You are well on your way.

Bill  Effros
Author



_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)  wrote:  
YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from  flyers. 
So far everyone is really excited and can't wait to find out  our address. I 
did run into a situation where 2 of the potential  buyers really wanted an 
address because they are looking in my area  today...but I held to our 
position that we are trying to be fair to  all potential buyers so we are not 
releasing our physical location  until Friday evening but that I would contact 
them by phone Friday  evening with directions. They seemed frustrated, again 
only 2 out of  17, but should I have given them more info?
 
Julie

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) : --------------  

Julie,

The  process is daunting in the best of times -- whether you do it by  
yourself or not.

7 responses from Craigslist is a good  sign.

It does not mean you will get what you are hoping  for.

It does mean there are plenty of people interested in  buying your home at 
the current market value.

Stop hoping and  praying for 40 responses by Friday night.  Whether you get 
25  or 52 doesn't really matter.  The fact that you got 7 from  Craigslist 
immediately is the best news you could get.

If it  doesn't fill out to 25 by Friday night you must know what you are  
going to do.  You are not going to say "well, 23 is good  enough."

You have only 2 viable options -- either you tell  everyone who has 
responded that you are going to run the sale next  weekend if you get the rest of 
the responses you need, or you are  going to tell everyone that you cannot 
sell your home at this time  using this method, but you are still interested 
in selling your  home.

So, at the end of day 3, if you had advertised solely  in Craigslist, you 
would have spent nothing, but you would know a  lot more than if you had 
signed up with a broker for 6 months or a  year.

If you decide not to sell your home in 5-Days at this  time, and no one 
else responds, you have located 13 potential buyers  at virtually no cost.  
Very few brokers bring 13 potential  buyers to any home for sale in a year -- 
good times or bad -- and  their contracts stipulate that they "own" those 
buyers, even if the  buyer later buys directly from you at a price 
substantially lower  than the price listed in the contract, the broker still gets a  
commission.

Work with the 13 potential buyers.  Talk to  them.  Email them.  Be 
completely honest with them.   See if you can find a fair deal with any of them.

If not,  wait 3 months and start the 5-Day Method again, to see if the 
market  is any better.

If you locate 25 potential real buyers, and  you decide to run your 5-Day 
Sale, you must commit, in your own  mind, to following through on Sunday 
night.  Buyers can hear  from your answers whether you are truly going to sell 
to the high  bidder, or if you view the 5-Day Method as just a "bait and  
switch".  If it sounds like a "bait and switch" the real buyers  will head for 
the exit without ever leaving a bid.  You would,  too.  You can't get the 
highest possible bid without honestly  committing to the sale.

Here we get to a tricky part -- I am  not your lawyer.  And just as I 
cannot sell Janet's house for  her without putting myself in peril, I also cannot 
give you legal  advise without putting myself in peril.

Let me just state  some facts:

1.  A lot of lawyers don't know what they  are talking about.  (50% of them 
graduated from law school in  the bottom half of their class.)
2.  The laws in most states  protect FSBOs.  You are not a professional.  
You do not  have a license.  You are trying to do things right.
3.   The starting price in an "or best offer" ad is not legally  binding.
4.  Nobody actually "sells" their home until the  "closing".
5.  All you are really trying to do is "make a  deal" Sunday night--and you 
make a non-binding promise to strike  that deal with the high bidder.
6.  The buyer can back out  of the deal right up to the closing.
7.  The seller can back  out of the deal right up to the closing.
8.  Numerous other  parties can kill the deal, even if the buyer and seller 
both want to  go through with it.

Nobody can get you the price you want if  the market will not support that 
price.  If you use the 5-Day  Method you can get the current market price in 
5-Days--every  time--if you just stick closely to the method.  The method  
"succeeds" every time for those who use it properly.  The  negative comments 
you read on this forum come from people who blame  the market for their 
mistakes.  They all could have sold their  homes in 5 Days if they were 
prepared to take the current market  value. 

You can, too.  You are well on your way.  I  wish you could get today what 
you could have gotten for your home 3  years ago.  But you can't.  And no 
one else can  either.

5-Day Sales are emotionally draining.  They  compress a lot of major 
financial decisions into a short time  frame.  It would appear you are well on 
your way to being able  to sell your home in 5-Days, provided only you work out 
any  difference between the current market value and the least you are  
able to take.  If you view your 5-Day Sale through this lens  you will be 
offered the most anyone will offer for your home at this  time.

Decide now if you are going to take the offer.  If  not, do not follow 
through with the Inspection and Round Robin--do  something else Friday 
night--you are still far ahead of the game at  minimal cost.

Bill  Effros
Author








_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)  wrote:  
Just thought I'd jump in here...I certainly am not a  pro...but I placed an 
ad on Craigslist today and received 7  responses...Is that good? 
 
So far, between flyers, an ad in the newspaper, and  Craigslist I have 13 
responders in one day? I am hoping and  praying for at least 40 by Friday 
night, with a minimum of the  necessary 25. 
 
This process is a little scary. I was hoping to find more  encouragement on 
this Forum. I understand telling the bad with the  good. But when you are 
doing something that you are already  fearful about...it sure would be good 
to have a little more  assurance of the truth.
 
The truth is until a formal contract is signed neither I nor  the buyer are 
bound to the bidding process.--is that true?
 
The truth is if this process doesn't work...I have the names  and numbers 
of realtors...investors...and individuals who have  expressed interest in my 
home that I can respond back to at a  later time--is that true?
 
The truth is if I commit to this process...I will know by  Sunday evening a 
very close estimate to what buyers say the value  of my home is for that 
time and date...and I have the choice to  either accept or reject their 
evaluation...of course with the  understanding that I WILL take the highest bid 
Sunday evening, as  long as it meets the banks highest bid of what I owe on 
it--is  that true?
 
Please encourage me! This process is daunting the first time  and just need 
a little encouragement from anyone who has had  success.
 
Julie from Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Agreed.

But it tells  you everything you need to know.

If you want to sell it  now you can only get the current market price.  No 
one can  say if that price will be higher or lower 3 months from now, or  6 
months from now.

You can play around with 5 Day ads on  Craigslist for nothing.

Always start them late Tuesday  night.  If you don't have 2 or 3 responses 
by noon  Wednesday, pull the ad and think over what that means.  It  doesn't 
necessarily mean you can't sell your home, and it  doesn't necessarily mean 
you can't get twice the starting  price.

But would you take twice the starting price? or  90% of what you are hoping 
for?  or 80%?

At 1/2  current market price there should be a lot of enthusiasm, and  the 
fast hit you get on Craigslist means failing to get 2 or 3  responses by 
noon Sunday must be interpreted as not enough  enthusiasm.

I know you have been honestly trying to work  this out, and you know I have 
never seen a housing market  situation like the one we're in.  I'll keep 
thinking out  loud with you, if you like.  At some point you'll know what  you 
have to do.

Bill Effros
Author

j  crafor wrote:  
Agents here will NOT list for 3 months, unless there is an  automatic 3 
month extension. THEN, according to one contract I  read, there is ANOTHER 
three months beyond that that the  seller cannot sell to anyone without giving 
the agent a  commission, UNLESS it was re-listed with another agent. This  
was a contract from the agent that I had been working with for  15 years. 

That IS correct, which is why I  decided to do FSBO. 

The last agent that I talked  to, showed the house to at the open houes, 
immediately  wanted to list it, 7.5% commission, 9 month  listing....
No thanks. 

 
____________________________________
Date: Wed, 5 Aug 2009 10:34:07 -0400
From: _bill at effros.com_ (mailto:bill at effros.com) 
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home  is in a place where it has become extremely difficult to sell  
homes -- at any price.  Nobody knows what they are worth  at this time.  List 
with an agent for a limited time  period -- let's say 3 months.  See what 
happens.   Let us know.

I believe we are headed for a lot of  inflation.  Homes in some places will 
start to rise in  selling price.  But other homes will never be sold at any 
 price.

Just my opinion -- this is not my area of  expertise.

Bill Effros
Author

j crafor  wrote:  
I had only one response for the 5day from Craigslist,  and more for the 
standard open house on Craigslist.
Was  considering doing a 5day this coming weekend (in Tucson) but  will 
have a standard open house instead.  Sort of  considering listing with an  
agent...
JCrafor

 
____________________________________
From: _Janetislight at aol.com_ (mailto:Janetislight at aol.com) 
Date:  Wed, 5 Aug 2009 09:24:53 -0400
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

Yes, it would be interesting to know how to do this on  Craigslist, since I 
has zero responses from an ad placed as  laid out in the book.
 
Janet
 
 
 
In a message dated 8/4/2009 5:54:54 P.M. Central  Daylight Time, 
_bill at effros.com_ (mailto:bill at effros.com)  writes:

Sue,

You  already understand most of what you've got to  know.

The big change in the 4th edition is that it  is now possible to run a 
5-Day sale with zero advertising  cost.

All you need is Craigslist.

Start your  home at $24,500.  I know.  It sounds  crazy.

But you know you'll get more than 25  responses by Friday night, and some 
people who say they  will never leave St. Louis are going to drive out just 
to  see what's going on.  You will get the most you can  get for your home at 
the present time.

I have  started at absurd prices many times. Literally a zillion  people 
show up, and you must be ready for them.   There is no question that most of 
them cannot or will not  pay what you are hoping for.  But so what?  3  
people who know what your home is currently worth will pop  out of the crowd, bid 
against each other, and you will get  the most you can get for your home on 
the weekend you  pick.

Enough people have computers so that you no  longer have to take telephone 
calls.  You can do  everything on the web -- and the response is  
instantaneous.

Prepare materials to email back to  people before placing the ad.  You can 
send  pictures.  You can explain in detail how you will run  the sale.  
Because you get to write it all out in  advance, you can be sure everyone gets 
the same  information, and you can be sure you have said exactly  what you 
want to say.

I can't tell you exactly what  materials to provide in response to 
Craigslist inquiries  because I don't know yet.  I do know you will get an  
overwhelming number of responses, and virtually everyone  looking for a home like 
yours will know yours is available  and REALLY will be sold to the high bidder 
Sunday  night.

Unlike Bill, your home can certainly be sold  at this time.  Just like 
Bill, you can know exactly  what you've got to do in just 5 Days at no cost.

If  you start to develop "stock" internet responses to  Craigslist, let us 
know what they are, and how they  worked.

The Craigslist headline and body copy work  differently than newspaper 
5-Day Ads.  Again, let us  know what works.

Also, watch the resubmission rules  -- you don't want' to get frozen out of 
Craigslist in the  middle of your 5-Day Sale.  I generally try to run  one 
ad starting Tuesday night and deleting Thursday.   And an updating ad 
running Friday Saturday and  Sunday.  You should have 25 responses by Thursday  
night.

Let us know how it goes.  You're on the  right track.

Bill  Effros
Author



Sue Pruett wrote:  
I am a big fan of this method.  We used  the first book back in 1995 to 
sell our first  house, and it worked great!  I always knew we  would use this 
method for our second house.   Well, the time has come to sell our second  
house!  I purchased the book just about a  month ago.  However, I didn't 
realize there  was a third edition until about two weeks  ago.  The seller didn't 
inform me of this  fact!  I'm sure there is a lot in the third  edition 
that would have been helpful to us!
 
Well, here's where our story stands right  now.  
 
We live in Southern Illinois, across the  Mississippi from St. Louis.  
Homes in our  neighborhood have been selling in the upper $80's  in the past 4 
months.  When we compare our  home to these, some things are better in ours,  
some are worse.  Ours is larger than any of  them.  We had hoped to get 
about $90K, but  would have been more than satisfied with  $85K.  
 
We tried the sale two weeks ago with ads in  the only daily in town.  We 
got 4  calls.  We postponed the sale.  We were  able to advertise in two 
weeklies, in addition to  the daily.  We broke a big rule - we only had  17 calls 
by Friday, but went ahead with the  sale.  At least 12 of our callers were 
so  excited about the house, we thought we were good  to go.  Don't break 
that rule!  We only  had 5 families come to look, and only two bidders,  and 
one could not afford our starting  price.  We did get a $75K offer, and we  
agreed to sell it to her.
 
The other thing we did was start at $74,500,  because we were scared to 
start  lower.  I'm sure this also contributed  to fewer callers.  We arent' 
sure the  current buyer is going to come through.  We  should know by tonight.  
If she doesn't, we  are purchasing the third edition of the book, and  
doing it right!  We'll start at $49,500, and  we'll utilize the other 
advertising methods  discussed in the third edition.  I almost  wish the fourth 
edition was already out, as I'm  worried we are behind the times with the internet 
 advertising.  
 
I know I've gone on a long time, but I  do have a question - can anyone 
point me to  which internet advertising you all use.  I've  never used anything 
but ebay to sell over the  internet, and not for something like a  house!   
 I'd just like to get a picture  of how internet advertising works.  Thanks 
so  much for sticking with my story!


Sue  Pruett
32950 Delhi Road
Brighton, IL   62012
618-372-3501
Visit my blogs at _http://www.thecharlottemasongirl.com/_ 
(http://www.thecharlottemasongirl.com/) 
and  _http://www.illinoisgreenhome.com_ (http://www.illinoisgreenhome.com/) 
and  _http://parentingwithstyle.blogspot.com/_ 
(http://parentingwithstyle.blogspot.com/) 
 
 
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From juliegorman at bellsouth.net  Sat Aug  8 18:27:32 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Sat, 08 Aug 2009 22:27:32 +0000
Subject: [5-DayForum] 132 contacts!?!
In-Reply-To: <bcb.560d3a0d.37aeff58@aol.com>
Message-ID: <080820092227.27730.4A7DFBD2000CD96200006C5222230647629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

AMAZING DAY! 132 phone calls...yes 132 viable realistic potetial buyers! Can't even begin to tell you how many showed today! Expecting even more tomorrow! Another large ad runs tomorrow to over 500,000 customer based circulation! 

The response is UNBELIEVABLE! WOW! 

Little nervous...the bids seem low...but...I know tomorrow is another day and the round robin is still ahead.

We priced our home at $199,500...current bid $276,000...our house appraises at $425,000 willing to take the high bid come Sunday, but just curious if this low bid is normal at this time in the sale?

Thanks...I'm selling my home tomorrow! :)
Julie from Kentucky
-------------- Original message from Janetislight at aol.com: -------------- 


Let us know how it goes!!!

Janet

In a message dated 8/8/2009 7:43:12 A.M. Central Daylight Time, juliegorman at bellsouth.net writes:



52 SO FAR...our open house is in 1 1/2 hours...YIPPPEE!!!! HERE WE GO! This is SOOOOOO FUN! Last night we had someone offer to bring us a check today...just like Bill said they would. We had people showing up wanting to see the house...just like Bill said they would...

I can't wait for it to turn out with an acceptable price Sunday night...just like Bill says it will!

:)

I know God is going to bless this open house and sale this weekend.

Julie From Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I would start contacting people now.  Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"

I like busy sales because you never get bored, and you don't start second guessing yourself.

Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.

Make sure you have enough help, and that everyone is singing the same tune.

Don't think you can spot the real buyers in the crowd.  You can't.

People will be testing you to see if you're honest.  Be yourself.  They're just people, and one of them is going to buy your home.

Pace yourself.

Keep the cards and letters coming,

Bill Effros
Author

juliegorman at bellsouth.net wrote: 
YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 

>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?

Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)

I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 

I'm SELLING MY HOUSE SUNDAY! YAHOO!

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I have always given the address immediately.  In the old days that would result in lines of cars circling the house before the sale, but so what?  Nobody got in the front door before 10 on Saturday.

The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.  The Method I pass on has worked best for the most people.  That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

Using the traditional method, people were not averaging 1 response per week.  Now you have 17 people to talk to in less than 2 days.  There is a fair deal somewhere in this mix, and all you have to do is find it.

Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest price.  There is absolutely nothing wrong with that.  Every seller wants to sell for the highest possible price.  There is absolutely nothing wrong with that, either.  Most people are incredibly honest, and that honesty has an aura anyone can pick up.  And they pick up your aura, too.

If you can establish trust in what you are doing, real buyers will step up and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are buying foreclosures from banks at 60% of current value.  They don't need your home at this time.  Most of the people who attend your sale will be a lot like you.  Treat them as you would want to be treated.

It is a whole lot of work for 5 days, but you can always make it pay off.  You are well on your way.

Bill Effros
Author



juliegorman at bellsouth.net wrote: 
YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?

Julie
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 
Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 
Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 
I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

Janet


In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 
I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

Well, here's where our story stands right now.  

We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/



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Get back to school stuff for them and cashback for you. Try BingT now. 

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From jamesfleming.realestate at gmail.com  Sat Aug  8 19:29:25 2009
From: jamesfleming.realestate at gmail.com (James Fleming)
Date: Sat, 8 Aug 2009 16:29:25 -0700
Subject: [5-DayForum] 132 contacts!?!
In-Reply-To: <080820092227.27730.4A7DFBD2000CD96200006C5222230647629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
References: <bcb.560d3a0d.37aeff58@aol.com>
	<080820092227.27730.4A7DFBD2000CD96200006C5222230647629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
Message-ID: <771C106A308B4AB3BE4D62AA0C5D0263@jamesfleming>

Congratulations, it sounds like your 5-day is going exactly as Bill
describes in his books.  Don?t be concerned about the dollar amounts written
on your registration sheet.  Often potential buyers will give low
registration bids ? I?ve seen them as low as 1? ? so that they are
technically registered but don?t have to actually bid for real until the end
of the first round.  Frankly, I?m surprised to see such a high bid on a
registration sheet.  What are the other bids?  My guess is that this person
doesn?t understand that this sheet is only for the purpose of qualifying for
the Round Robin; he or she may think that the bidding has already begun.

 

Best of luck!

 

Jim ? Realtor

Vancouver WA

 

  _____  

From:
5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourho
mein5days.com
[mailto:5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtose
llyourhomein5days.com] On Behalf Of juliegorman at bellsouth.net
Sent: Saturday, August 08, 2009 3:28 PM
To: How To Sell Your Home in5-Days;
5-dayforum at mailman.howtosellyourhomein5days.com
Cc: Janetislight at aol.com
Subject: [5-DayForum] 132 contacts!?!

 

AMAZING DAY! 132 phone calls...yes 132 viable realistic potetial buyers!
Can't even begin to tell you how many showed today! Expecting even more
tomorrow! Another large ad runs tomorrow to over 500,000 customer based
circulation! 

 

The response is UNBELIEVABLE! WOW! 

 

Little nervous...the bids seem low...but...I know tomorrow is another day
and the round robin is still ahead.

 

We priced our home at $199,500...current bid $276,000...our house appraises
at $425,000 willing to take the high bid come Sunday, but just curious if
this low bid is normal at this time in the sale?

 

Thanks...I'm selling my home tomorrow! :)

Julie from Kentucky

-------------- Original message from Janetislight at aol.com: -------------- 




Let us know how it goes!!!

 

Janet

 

In a message dated 8/8/2009 7:43:12 A.M. Central Daylight Time,
juliegorman at bellsouth.net writes:






52 SO FAR...our open house is in 1 1/2 hours...YIPPPEE!!!! HERE WE GO! This
is SOOOOOO FUN! Last night we had someone offer to bring us a check
today...just like Bill said they would. We had people showing up wanting to
see the house...just like Bill said they would...

I can't wait for it to turn out with an acceptable price Sunday night...just
like Bill says it will!

 

:)

 

I know God is going to bless this open house and sale this weekend.

 

Julie From Kentucky

-------------- Original message from Bill Effros <bill at effros.com>:
-------------- 

Julie,

I would start contacting people now.  Tell them you didn't want to give out
your address until you were sure you would get 25 responses by Friday night,
and now you have 28 so you are going to tell everyone "it's a go!"

I like busy sales because you never get bored, and you don't start second
guessing yourself.

Let them all know you're going to sell your home to the high bidder Sunday
night, and that they are bidding against each other, not against you.

Make sure you have enough help, and that everyone is singing the same tune.

Don't think you can spot the real buyers in the crowd.  You can't.

People will be testing you to see if you're honest.  Be yourself.  They're
just people, and one of them is going to buy your home.

Pace yourself.

Keep the cards and letters coming,

Bill Effros
Author

juliegorman at bellsouth.net wrote: 

YAHOO! I have 28 calls now...guess that means I'm holding a sale come
Sunday. 

 

>From your last letter Bill it sounded like it would be ok for me to contact
the individuals and let them know the address; is that right? If I do...I
guess that means I can begin giving out the physical location to future
callers as well. Or should I just continue doing what I'm doing and call
everyone tomorrow night as I originally said I would--I don't want them to
think I'm changing the rules as I go. Any advice?

 

Thus far (and it's only Thursday afternoon where I live) I have received 16
calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're
running on Saturday and Sunday will be front page of the courier journal (we
lucked out with some open spaces...again yahoo). there readership is 400,000
on the weekends...Is it possible we could have too many people show up? I
guess I'd love to have to face that hurdle! :)

 

I have been praying very feverishly, following Bill's advice, and believing
God is really going to bless this sale! Thanks for all the recent
encouragement. I'll keep you posted as I go! 

 

I'm SELLING MY HOUSE SUNDAY! YAHOO!

 

Julie from Kentucky

-------------- Original message from Bill Effros  <mailto:bill at effros.com>
<bill at effros.com>: -------------- 

Julie,

I have always given the address immediately.  In the old days that would
result in lines of cars circling the house before the sale, but so what?
Nobody got in the front door before 10 on Saturday.

The whole idea here is that you sell your home in 5 days for the most you
can possibly get on the day you pick.  The Method I pass on has worked best
for the most people.  That doesn't mean that individual variations can't
work out, only that I have heard about a lot of sales, and tried to come up
with one coherent explanation that has had the greatest success ratio.

Using the traditional method, people were not averaging 1 response per week.
Now you have 17 people to talk to in less than 2 days.  There is a fair deal
somewhere in this mix, and all you have to do is find it.

Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest
price.  There is absolutely nothing wrong with that.  Every seller wants to
sell for the highest possible price.  There is absolutely nothing wrong with
that, either.  Most people are incredibly honest, and that honesty has an
aura anyone can pick up.  And they pick up your aura, too.

If you can establish trust in what you are doing, real buyers will step up
and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are
buying foreclosures from banks at 60% of current value.  They don't need
your home at this time.  Most of the people who attend your sale will be a
lot like you.  Treat them as you would want to be treated.

It is a whole lot of work for 5 days, but you can always make it pay off.
You are well on your way.

Bill Effros
Author



juliegorman at bellsouth.net wrote: 

YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So
far everyone is really excited and can't wait to find out our address. I did
run into a situation where 2 of the potential buyers really wanted an
address because they are looking in my area today...but I held to our
position that we are trying to be fair to all potential buyers so we are not
releasing our physical location until Friday evening but that I would
contact them by phone Friday evening with directions. They seemed
frustrated, again only 2 out of 17, but should I have given them more info?

 

Julie

-------------- Original message from Bill Effros  <mailto:bill at effros.com>
<bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by
yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at
the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you get
25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist
immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are
going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded
that you are going to run the sale next weekend if you get the rest of the
responses you need, or you are going to tell everyone that you cannot sell
your home at this time using this method, but you are still interested in
selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you
would have spent nothing, but you would know a lot more than if you had
signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else
responds, you have located 13 potential buyers at virtually no cost.  Very
few brokers bring 13 potential buyers to any home for sale in a year -- good
times or bad -- and their contracts stipulate that they "own" those buyers,
even if the buyer later buys directly from you at a price substantially
lower than the price listed in the contract, the broker still gets a
commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be
completely honest with them.  See if you can find a fair deal with any of
them.

If not, wait 3 months and start the 5-Day Method again, to see if the market
is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day
Sale, you must commit, in your own mind, to following through on Sunday
night.  Buyers can hear from your answers whether you are truly going to
sell to the high bidder, or if you view the 5-Day Method as just a "bait and
switch".  If it sounds like a "bait and switch" the real buyers will head
for the exit without ever leaving a bid.  You would, too.  You can't get the
highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I cannot
sell Janet's house for her without putting myself in peril, I also cannot
give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of them
graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  You
do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and you
make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and seller
both want to go through with it.

Nobody can get you the price you want if the market will not support that
price.  If you use the 5-Day Method you can get the current market price in
5-Days--every time--if you just stick closely to the method.  The method
"succeeds" every time for those who use it properly.  The negative comments
you read on this forum come from people who blame the market for their
mistakes.  They all could have sold their homes in 5 Days if they were
prepared to take the current market value. 

You can, too.  You are well on your way.  I wish you could get today what
you could have gotten for your home 3 years ago.  But you can't.  And no one
else can either.

5-Day Sales are emotionally draining.  They compress a lot of major
financial decisions into a short time frame.  It would appear you are well
on your way to being able to sell your home in 5-Days, provided only you
work out any difference between the current market value and the least you
are able to take.  If you view your 5-Day Sale through this lens you will be
offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.  If not, do not follow
through with the Inspection and Round Robin--do something else Friday
night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 

Just thought I'd jump in here...I certainly am not a pro...but I placed an
ad on Craigslist today and received 7 responses...Is that good? 

 

So far, between flyers, an ad in the newspaper, and Craigslist I have 13
responders in one day? I am hoping and praying for at least 40 by Friday
night, with a minimum of the necessary 25. 

 

This process is a little scary. I was hoping to find more encouragement on
this Forum. I understand telling the bad with the good. But when you are
doing something that you are already fearful about...it sure would be good
to have a little more assurance of the truth.

 

The truth is until a formal contract is signed neither I nor the buyer are
bound to the bidding process.--is that true?

 

The truth is if this process doesn't work...I have the names and numbers of
realtors...investors...and individuals who have expressed interest in my
home that I can respond back to at a later time--is that true?

 

The truth is if I commit to this process...I will know by Sunday evening a
very close estimate to what buyers say the value of my home is for that time
and date...and I have the choice to either accept or reject their
evaluation...of course with the understanding that I WILL take the highest
bid Sunday evening, as long as it meets the banks highest bid of what I owe
on it--is that true?

 

Please encourage me! This process is daunting the first time and just need a
little encouragement from anyone who has had success.

 

Julie from Kentucky

-------------- Original message from Bill Effros  <mailto:bill at effros.com>
<bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No
one can say if that price will be higher or lower 3 months from now, or 6
months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by
noon Wednesday, pull the ad and think over what that means.  It doesn't
necessarily mean you can't sell your home, and it doesn't necessarily mean
you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping
for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the
fast hit you get on Craigslist means failing to get 2 or 3 responses by noon
Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have
never seen a housing market situation like the one we're in.  I'll keep
thinking out loud with you, if you like.  At some point you'll know what you
have to do.

Bill Effros
Author

j crafor wrote: 

Agents here will NOT list for 3 months, unless there is an automatic 3 month
extension. THEN, according to one contract I read, there is ANOTHER three
months beyond that that the seller cannot sell to anyone without giving the
agent a commission, UNLESS it was re-listed with another agent. This was a
contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes,
immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


  _____  


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell
homes -- at any price.  Nobody knows what they are worth at this time.  List
with an agent for a limited time period -- let's say 3 months.  See what
happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will
start to rise in selling price.  But other homes will never be sold at any
price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 

I had only one response for the 5day from Craigslist, and more for the
standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a
standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


  _____  


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend




Yes, it would be interesting to know how to do this on Craigslist, since I
has zero responses from an ad placed as laid out in the book.

 

Janet

 

 

In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time,
bill at effros.com writes:

Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day
sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some
people who say they will never leave St. Louis are going to drive out just
to see what's going on.  You will get the most you can get for your home at
the present time.

I have started at absurd prices many times. Literally a zillion people show
up, and you must be ready for them.  There is no question that most of them
cannot or will not pay what you are hoping for.  But so what?  3 people who
know what your home is currently worth will pop out of the crowd, bid
against each other, and you will get the most you can get for your home on
the weekend you pick.

Enough people have computers so that you no longer have to take telephone
calls.  You can do everything on the web -- and the response is
instantaneous.

Prepare materials to email back to people before placing the ad.  You can
send pictures.  You can explain in detail how you will run the sale.
Because you get to write it all out in advance, you can be sure everyone
gets the same information, and you can be sure you have said exactly what
you want to say.

I can't tell you exactly what materials to provide in response to Craigslist
inquiries because I don't know yet.  I do know you will get an overwhelming
number of responses, and virtually everyone looking for a home like yours
will know yours is available and REALLY will be sold to the high bidder
Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill,
you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us
know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day
Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of
Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad
starting Tuesday night and deleting Thursday.  And an updating ad running
Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 


I am a big fan of this method.  We used the first book back in 1995 to sell
our first house, and it worked great!  I always knew we would use this
method for our second house.  Well, the time has come to sell our second
house!  I purchased the book just about a month ago.  However, I didn't
realize there was a third edition until about two weeks ago.  The seller
didn't inform me of this fact!  I'm sure there is a lot in the third edition
that would have been helpful to us!

 

Well, here's where our story stands right now.  

 

We live in Southern Illinois, across the Mississippi from St. Louis.  Homes
in our neighborhood have been selling in the upper $80's in the past 4
months.  When we compare our home to these, some things are better in ours,
some are worse.  Ours is larger than any of them.  We had hoped to get about
$90K, but would have been more than satisfied with $85K.  

 

We tried the sale two weeks ago with ads in the only daily in town.  We got
4 calls.  We postponed the sale.  We were able to advertise in two weeklies,
in addition to the daily.  We broke a big rule - we only had 17 calls by
Friday, but went ahead with the sale.  At least 12 of our callers were so
excited about the house, we thought we were good to go.  Don't break that
rule!  We only had 5 families come to look, and only two bidders, and one
could not afford our starting price.  We did get a $75K offer, and we agreed
to sell it to her.

 

The other thing we did was start at $74,500, because we were scared to start
lower.  I'm sure this also contributed to fewer callers.  We arent' sure the
current buyer is going to come through.  We should know by tonight.  If she
doesn't, we are purchasing the third edition of the book, and doing it
right!  We'll start at $49,500, and we'll utilize the other advertising
methods discussed in the third edition.  I almost wish the fourth edition
was already out, as I'm worried we are behind the times with the internet
advertising.  

 

I know I've gone on a long time, but I do have a question - can anyone point
me to which internet advertising you all use.  I've never used anything but
ebay to sell over the internet, and not for something like a house!    I'd
just like to get a picture of how internet advertising works.  Thanks so
much for sticking with my story!

Sue Pruett

32950 Delhi Road

Brighton, IL  62012

618-372-3501

Visit my blogs at http://www.thecharlottemasongirl.com/

and  <http://www.illinoisgreenhome.com/> http://www.illinoisgreenhome.com

and http://parentingwithstyle.blogspot.com/

 






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Get back to school stuff for them and cashback for you. Try BingT now.
<http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_Back
ToSchool_Cashback_BTSCashback_1x1>  






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http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  

 


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Get back to school stuff for them and cashback for you. Try BingT now.
<http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_Back
ToSchool_Cashback_BTSCashback_1x1>  






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From jcrafor at hotmail.com  Sat Aug  8 20:06:39 2009
From: jcrafor at hotmail.com (j crafor)
Date: Sun, 9 Aug 2009 00:06:39 +0000
Subject: [5-DayForum] Somebody stole my sign!
In-Reply-To: <771C106A308B4AB3BE4D62AA0C5D0263@jamesfleming>
References: <bcb.560d3a0d.37aeff58@aol.com>
	<080820092227.27730.4A7DFBD2000CD96200006C5222230647629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<771C106A308B4AB3BE4D62AA0C5D0263@jamesfleming>
Message-ID: <SNT116-W6805192CCDF18586087C0AE090@phx.gbl>


Sure am glad I didn't put those store bought ones out.

 

They stole the nicely done home-made large cardboard one!

 

They stole my siiiiign!

 

JCrafor

 


 

_________________________________________________________________
Get your vacation photos on your phone!
http://windowsliveformobile.com/en-us/photos/default.aspx?&OCID=0809TL-HM
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From juliegorman at bellsouth.net  Sat Aug  8 20:55:18 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Sun, 09 Aug 2009 00:55:18 +0000
Subject: [5-DayForum] 132 contacts!?!
In-Reply-To: <771C106A308B4AB3BE4D62AA0C5D0263@jamesfleming>
References: <bcb.560d3a0d.37aeff58@aol.com><080820092227.27730.4A7DFBD2000CD96200006C5222230647629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<771C106A308B4AB3BE4D62AA0C5D0263@jamesfleming>
Message-ID: <080920090055.25664.4A7E1E730004581E0000644022216125569B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

Thanks for the encouragement. All of the bids range from 199,500 to 276,000. We have 14 bidders so far! I have told all of them that they could put a quarter to a more substatial bid...that the inital bid sheets only determined who would be able to participate in the final round robin bidding process. I have specified however that having the top bid positioned them to be the first called in the round robin bidding, which would be beneficial.

Anyway...up to 141 now...it's almost 9 PM my time...and I can't wait to have more fun tomorrow. It's really dawning on me...I'm going to sell my house! :)

Thanks for any other words of encouragement anyone wants to offer! :)

Julie from Kentucky
-------------- Original message from "James Fleming" <jamesfleming.realestate at gmail.com>: -------------- 


Congratulations, it sounds like your 5-day is going exactly as Bill describes in his books.  Don?t be concerned about the dollar amounts written on your registration sheet.  Often potential buyers will give low registration bids ? I?ve seen them as low as 1? ? so that they are technically registered but don?t have to actually bid for real until the end of the first round.  Frankly, I?m surprised to see such a high bid on a registration sheet.  What are the other bids?  My guess is that this person doesn?t understand that this sheet is only for the purpose of qualifying for the Round Robin; he or she may think that the bidding has already begun.
 
Best of luck!
 
Jim ? Realtor
Vancouver WA
 



From: 5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourhomein5days.com] On Behalf Of juliegorman at bellsouth.net
Sent: Saturday, August 08, 2009 3:28 PM
To: How To Sell Your Home in5-Days; 5-dayforum at mailman.howtosellyourhomein5days.com
Cc: Janetislight at aol.com
Subject: [5-DayForum] 132 contacts!?!
 
AMAZING DAY! 132 phone calls...yes 132 viable realistic potetial buyers! Can't even begin to tell you how many showed today! Expecting even more tomorrow! Another large ad runs tomorrow to over 500,000 customer based circulation! 
 
The response is UNBELIEVABLE! WOW! 
 
Little nervous...the bids seem low...but...I know tomorrow is another day and the round robin is still ahead.
 
We priced our home at $199,500...current bid $276,000...our house appraises at $425,000 willing to take the high bid come Sunday, but just curious if this low bid is normal at this time in the sale?
 
Thanks...I'm selling my home tomorrow! :)
Julie from Kentucky
-------------- Original message from Janetislight at aol.com: -------------- 



Let us know how it goes!!!
 
Janet
 
In a message dated 8/8/2009 7:43:12 A.M. Central Daylight Time, juliegorman at bellsouth.net writes:




52 SO FAR...our open house is in 1 1/2 hours...YIPPPEE!!!! HERE WE GO! This is SOOOOOO FUN! Last night we had someone offer to bring us a check today...just like Bill said they would. We had people showing up wanting to see the house...just like Bill said they would...

I can't wait for it to turn out with an acceptable price Sunday night...just like Bill says it will!
 
:)
 
I know God is going to bless this open house and sale this weekend.
 
Julie From Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I would start contacting people now.  Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"

I like busy sales because you never get bored, and you don't start second guessing yourself.

Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.

Make sure you have enough help, and that everyone is singing the same tune.

Don't think you can spot the real buyers in the crowd.  You can't.

People will be testing you to see if you're honest.  Be yourself.  They're just people, and one of them is going to buy your home.

Pace yourself.

Keep the cards and letters coming,

Bill Effros
Author

juliegorman at bellsouth.net wrote: 
YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 
 
>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?
 
Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)
 
I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 
 
I'm SELLING MY HOUSE SUNDAY! YAHOO!
 
Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I have always given the address immediately.  In the old days that would result in lines of cars circling the house before the sale, but so what?  Nobody got in the front door before 10 on Saturday.

The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.  The Method I pass on has worked best for the most people.  That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

Using the traditional method, people were not averaging 1 response per week.  Now you have 17 people to talk to in less than 2 days.  There is a fair deal somewhere in this mix, and all you have to do is find it.

Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest price.  There is absolutely nothing wrong with that.  Every seller wants to sell for the highest possible price.  There is absolutely nothing wrong with that, either.  Most people are incredibly honest, and that honesty has an aura anyone can pick up.  And they pick up your aura, too.

If you can establish trust in what you are doing, real buyers will step up and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are buying foreclosures from banks at 60% of current value.  They don't need your home at this time.  Most of the people who attend your sale will be a lot like you.  Treat them as you would want to be treated.

It is a whole lot of work for 5 days, but you can always make it pay off.  You are well on your way.

Bill Effros
Author



juliegorman at bellsouth.net wrote: 
YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?
 
Julie
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 
Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 
 
So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 
 
This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.
 
The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?
 
The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?
 
The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?
 
Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.
 
Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 
Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 



Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 
I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 



From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend



Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.
 
Janet
 
 
In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 
I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!
 
Well, here's where our story stands right now.  
 
We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  
 
We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.
 
The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  
 
I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!
Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/
 






 
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From bill at effros.com  Sat Aug  8 22:08:09 2009
From: bill at effros.com (Bill Effros)
Date: Sat, 08 Aug 2009 22:08:09 -0400
Subject: [5-DayForum] 132 contacts!?!
In-Reply-To: <080820092227.27730.4A7DFBD2000CD96200006C5222230647629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
References: <080820092227.27730.4A7DFBD2000CD96200006C5222230647629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
Message-ID: <4A7E2F89.6060100@effros.com>

Nice going Julie!

Your sale will be the model for the 4th edition of the book, and we all 
hope you will give us a complete account of everything you feel you did 
right, and everything you feel you did wrong, when you have the time.

But for right now, you must stick to your knitting.

You know how tired you are now.  You must pace yourself tomorrow to 
ensure you are sharp for the round-robin.  It will be more of the same, 
and you will not know who the real buyers are until the end of the 
round-robin.

You have run a successful 5-Day Sale.  Virtually everyone in your 
community knows you will sell your home tomorrow night.  Play fair and 
you will locate the 3 best buyers for your home at this time.

The current high bid is quite high for a Saturday night, but has no 
bearing on the final offer.  You will get a fair offer at the end of the 
day.

You may get too many bidders to be able to finish the Round-Robin on 
Sunday night.  Start exactly at 8:00.  Call the high bidder, explain the 
situation carefully.  The high bidder must understand they can raise 
their own bid, or just sit on it.  They are the only bidder who 
effectively gets 2 bids in the first round.  They are the only bidder 
who can fail to raise the bid, and still get another call.  Unless the 
high bid is a preemptive bid, far above all the other bids, it is 
extremely unlikely that the high bid will remain the high bid at the end 
of the first round.  Unless the high bidder chooses to make an even 
higher bid before anyone else gets the chance.

Preemptive bids are almost always good for the buyer and bad for the 
seller, even though we all rejoice when we meet or exceed our price 
expectations.  But it is not for you to put your thumb on the scale.  
Talk to the bidders.  Get to know them better.  Spend time with them.  
They spent time with you, it is the least you can do.

The Round-Robin is not a race.  Don't do it fast.  Do it well. Plan to 
stop around 9:30, no matter what.  Some people just can't function well 
after that hour, and it is dumb to lose a good buyer because you are a 
night-person and they are a day-person.

On average, expect to spend 5 minutes per bidder.  You may talk to the 
high bidder for 15 minutes, but as you go down the list, some people 
will drop out immediately, and it should average out to around 5 minutes 
per bidder in the first round.  So, if you have 30 bidders (and you 
might) at 5 minutes per bidder, it will be 9:30 by the end of the first 
round.  Explain to everyone that you anticipate extending the 
Round-Robin after tonight (but that nobody new will be able to get into 
the bidding no matter how good their story.)  And tell all bidders who 
remain in the bidding that you will call them again Sunday night to let 
them know the status, and to work out a time for the next round of the 
round-robin that works for everyone.

"How to Sell Your Home in 5-Days" is a good name for a book -- but you 
are not bound by it.  It's great that 132 people contacted you at a time 
when others don't get a single contact in a year -- but that is not the 
point of this exercise.

Cull that list down to the three best, and then work with ALL THREE!  
The best deal you can possibly get at this time is somewhere in this 
mix, and now, you must find it.

No matter what the final offer, offer to sell your home to the high 
bidder Sunday night.  Let the other 2 top bidders (and more if they are 
all bunched together within a few thousand dollars of each other) know 
the status, know that you don't know the high bidder any better than you 
know the bidder you are talking to, that the higher bidder may drop out, 
for any reason, that your bank may refuse to take the high bid...in 
short, that anything can happen from this point forward, but that you 
are going to honor the terms of your 5-Day Sale by offering your home to 
the high bidder as promised, and that if the high bidder does not go 
through with the deal, you will offer your home to other high bidders 
who are so close to the high bid that it would be silly for you to run 
another 5-Day Sale instead of just taking the next fair bid.

Then you must move as fast as possible.  When you "sell" your home in 
5-Days, you have not really "sold" it.  All you have done is to accept a 
verbal, non-binding offer.  The offer is not binding on either side.  
That is what contracts are for.  That is what a closing is for.  Whether 
you like the final offer, or not, you must move quickly to nail down the 
terms.  If the final offer is lower than your mortgage, and you are not 
willing to make up the difference, take the offer to your bank and see 
if they will accept less than the outstanding amount of your loan.  In 
these times they might, but their answer is of little concern to you.  
Either they do, or they don't.  And you must know, right away, so you 
will know what to do next.

If they do, get the contract signed as fast as you can, and let the 
other top bidders know exactly what is happening.  (This you continue to 
do in any case until you have the buyers money in your hands--then you 
call all the people you have been talking to, and let them all know the 
house has actually been sold.  Until then, everything is a "maybe" and 
everyone still has a chance.)

If the bank does not accept a low offer, you must figure out what you 
are going to do next.  You took risks, and spent a lot of time and 
effort to locate the best possible deal for your home at this time.  
Work with the best buyers.  See if you can't find some other deal that 
everyone can accept.  If not, you just can't sell your home right now, 
no matter what you do.  But more likely, someone in the mix wants your 
home for the most anyone will pay for it at this time, and you and the 
buyer can together find some way to make that work.  It may be the top 
bidder.  It may be the second.  It may be the fifth.  It may be someone 
who didn't bid at all.

But you now have a very realistic view of what your home can bring at 
this time.  You have a large number of real buyers who want to buy your 
home.  If it is possible to sell your home right now, you will be able 
to do so, and you will get the most anyone can get for your home at this 
time.

Everyone is rooting for you, and inspired by your success.  There are 
literally hundreds of people on this list.  If you have questions, post 
them, and I'm sure you'll have an answer from one of the "regulars" in 
time to use the advice.

Play fair, be yourself, and you will do fine.  The 5-Day Method cannot 
change the market, but it can help you find the 3 people most likely to 
buy your home for a fair price.  You have clearly succeeded in doing 
that.  Now all you have to do is follow through.  Remember that you are 
not bound by the title of the book.  This is not a contest.  All you are 
trying to do is sell your home, right now, for the most you can possibly 
get.

Again, congratulations! 

Bill Effros
Author









juliegorman at bellsouth.net wrote:
> AMAZING DAY! 132 phone calls...yes 132 viable realistic potetial 
> buyers! Can't even begin to tell you how many showed today! Expecting 
> even more tomorrow! Another large ad runs tomorrow to over 500,000 
> customer based circulation!
>  
> The response is UNBELIEVABLE! WOW!
>  
> Little nervous...the bids seem low...but...I know tomorrow is another 
> day and the round robin is still ahead.
>  
> We priced our home at $199,500...current bid $276,000...our house 
> appraises at $425,000 willing to take the high bid come Sunday, but 
> just curious if this low bid is normal at this time in the sale?
>  
> Thanks...I'm selling my home tomorrow! :)
> Julie from Kentucky
>
>     -------------- Original message from Janetislight at aol.com:
>     --------------
>
>     Let us know how it goes!!!
>      
>     Janet
>      
>     In a message dated 8/8/2009 7:43:12 A.M. Central Daylight Time,
>     juliegorman at bellsouth.net writes:
>
>
>
>         52 SO FAR...our open house is in 1 1/2 hours...YIPPPEE!!!!
>         HERE WE GO! This is SOOOOOO FUN! Last night we had someone
>         offer to bring us a check today...just like Bill said they
>         would. We had people showing up wanting to see the
>         house...just like Bill said they would...
>
>         I can't wait for it to turn out with an acceptable price
>         Sunday night...just like Bill says it will!
>          
>         :)
>          
>         I know God is going to bless this open house and sale this
>         weekend.
>          
>         Julie From Kentucky
>
>             -------------- Original message from Bill Effros
>             <bill at effros.com>: --------------
>
>             Julie,
>
>             I would start contacting people now.  Tell them you didn't
>             want to give out your address until you were sure you
>             would get 25 responses by Friday night, and now you have
>             28 so you are going to tell everyone "it's a go!"
>
>             I like busy sales because you never get bored, and you
>             don't start second guessing yourself.
>
>             Let them all know you're going to sell your home to the
>             high bidder Sunday night, and that they are bidding
>             against each other, not against you.
>
>             Make sure you have enough help, and that everyone is
>             singing the same tune.
>
>             Don't think you can spot the real buyers in the crowd. 
>             You can't.
>
>             People will be testing you to see if you're honest.  Be
>             yourself.  They're just people, and one of them is going
>             to buy your home.
>
>             Pace yourself.
>
>             Keep the cards and letters coming,
>
>             Bill Effros
>             Author
>
>             juliegorman at bellsouth.net wrote:
>>             YAHOO! I have 28 calls now...guess that means I'm holding
>>             a sale come Sunday.
>>              
>>             *From your last letter Bill it sounded like it would be
>>             ok for me to contact the individuals and let them know
>>             the address; is that right? If I do...I guess that means
>>             I can begin giving out the physical location to future
>>             callers as well. Or should I just continue doing what I'm
>>             doing and call everyone tomorrow night as I originally
>>             said I would--I don't want them to think I'm changing the
>>             rules as I go. Any advice?*
>>              
>>             Thus far (and it's only Thursday afternoon where I live)
>>             I have received 16 calls from Craig's list, 9 from
>>             Flyers, and 3 from ads. The ads we're running on Saturday
>>             and Sunday will be front page of the courier journal (we
>>             lucked out with some open spaces...again yahoo). there
>>             readership is 400,000 on the weekends...*Is it possible
>>             we could have too many people show up? I guess I'd love
>>             to have to face that hurdle! :)*
>>              
>>             I have been praying very feverishly, following Bill's
>>             advice, and believing God is really going to bless this
>>             sale! Thanks for all the recent encouragement. I'll keep
>>             you posted as I go!
>>              
>>             I'm SELLING MY HOUSE SUNDAY! YAHOO!
>>              
>>             Julie from Kentucky
>>
>>                 -------------- Original message from Bill Effros
>>                 <bill at effros.com>: --------------
>>
>>                 Julie,
>>
>>                 I have always given the address immediately.  In the
>>                 old days that would result in lines of cars circling
>>                 the house before the sale, but so what?  Nobody got
>>                 in the front door before 10 on Saturday.
>>
>>                 The whole idea here is that you sell your home in 5
>>                 days for the most you can possibly get on the day you
>>                 pick.  The Method I pass on has worked best for the
>>                 most people.  That doesn't mean that individual
>>                 variations can't work out, only that I have heard
>>                 about a lot of sales, and tried to come up with one
>>                 coherent explanation that has had the greatest
>>                 success ratio.
>>
>>                 Using the traditional method, people were not
>>                 averaging 1 response per week.  Now you have 17
>>                 people to talk to in less than 2 days.  There is a
>>                 fair deal somewhere in this mix, and all you have to
>>                 do is find it.
>>
>>                 Take Rosemarie's advice to heart.  Every buyer wants
>>                 to buy for the lowest price.  There is absolutely
>>                 nothing wrong with that.  Every seller wants to sell
>>                 for the highest possible price.  There is absolutely
>>                 nothing wrong with that, either.  Most people are
>>                 incredibly honest, and that honesty has an aura
>>                 anyone can pick up.  And they pick up your aura, too.
>>
>>                 If you can establish trust in what you are doing,
>>                 real buyers will step up and talk to you.  Listen to
>>                 everyone.  Treat everyone well.  The sharks are
>>                 buying foreclosures from banks at 60% of current
>>                 value.  They don't need your home at this time.  Most
>>                 of the people who attend your sale will be a lot like
>>                 you.  Treat them as you would want to be treated.
>>
>>                 It is a whole lot of work for 5 days, but you can
>>                 always make it pay off.  You are well on your way.
>>
>>                 Bill Effros
>>                 Author
>>
>>
>>
>>                 juliegorman at bellsouth.net wrote:
>>>                 YEAH! Up to 17 so far...9 from Craig's list...3 from
>>>                 ads...5 from flyers. So far everyone is really
>>>                 excited and can't wait to find out our address. I
>>>                 did run into a situation where 2 of the potential
>>>                 buyers really wanted an address because they are
>>>                 looking in my area today...but I held to our
>>>                 position that we are trying to be fair to all
>>>                 potential buyers so we are not releasing our
>>>                 physical location until Friday evening but that I
>>>                 would contact them by phone Friday evening with
>>>                 directions. They seemed frustrated, again only 2 out
>>>                 of 17, but should I have given them more info?
>>>                  
>>>                 Julie
>>>
>>>                     -------------- Original message from Bill Effros
>>>                     <bill at effros.com>: --------------
>>>
>>>                     Julie,
>>>
>>>                     The process is daunting in the best of times --
>>>                     whether you do it by yourself or not.
>>>
>>>                     7 responses from Craigslist is a good sign.
>>>
>>>                     It does not mean you will get what you are
>>>                     hoping for.
>>>
>>>                     It does mean there are plenty of people
>>>                     interested in buying your home at the current
>>>                     market value.
>>>
>>>                     Stop hoping and praying for 40 responses by
>>>                     Friday night.  Whether you get 25 or 52 doesn't
>>>                     really matter.  The fact that you got 7 from
>>>                     Craigslist immediately is the best news you
>>>                     could get.
>>>
>>>                     If it doesn't fill out to 25 by Friday night you
>>>                     must know what you are going to do.  You are not
>>>                     going to say "well, 23 is good enough."
>>>
>>>                     You have only 2 viable options -- either you
>>>                     tell everyone who has responded that you are
>>>                     going to run the sale next weekend if you get
>>>                     the rest of the responses you need, or you are
>>>                     going to tell everyone that you cannot sell your
>>>                     home at this time using this method, but you are
>>>                     still interested in selling your home.
>>>
>>>                     So, at the end of day 3, if you had advertised
>>>                     solely in Craigslist, you would have spent
>>>                     nothing, but you would know a lot more than if
>>>                     you had signed up with a broker for 6 months or
>>>                     a year.
>>>
>>>                     If you decide not to sell your home in 5-Days at
>>>                     this time, and no one else responds, you have
>>>                     located 13 potential buyers at virtually no
>>>                     cost.  Very few brokers bring 13 potential
>>>                     buyers to any home for sale in a year -- good
>>>                     times or bad -- and their contracts stipulate
>>>                     that they "own" those buyers, even if the buyer
>>>                     later buys directly from you at a price
>>>                     substantially lower than the price listed in the
>>>                     contract, the broker still gets a commission.
>>>
>>>                     Work with the 13 potential buyers.  Talk to
>>>                     them.  Email them.  Be completely honest with
>>>                     them.  See if you can find a fair deal with any
>>>                     of them.
>>>
>>>                     If not, wait 3 months and start the 5-Day Method
>>>                     again, to see if the market is any better.
>>>
>>>                     If you locate 25 potential real buyers, and you
>>>                     decide to run your 5-Day Sale, you must commit,
>>>                     in your own mind, to following through on Sunday
>>>                     night.  Buyers can hear from your answers
>>>                     whether you are truly going to sell to the high
>>>                     bidder, or if you view the 5-Day Method as just
>>>                     a "bait and switch".  If it sounds like a "bait
>>>                     and switch" the real buyers will head for the
>>>                     exit without ever leaving a bid.  You would,
>>>                     too.  You can't get the highest possible bid
>>>                     without honestly committing to the sale.
>>>
>>>                     Here we get to a tricky part -- I am not your
>>>                     lawyer.  And just as I cannot sell Janet's house
>>>                     for her without putting myself in peril, I also
>>>                     cannot give you legal advise without putting
>>>                     myself in peril.
>>>
>>>                     Let me just state some facts:
>>>
>>>                     1.  A lot of lawyers don't know what they are
>>>                     talking about.  (50% of them graduated from law
>>>                     school in the bottom half of their class.)
>>>                     2.  The laws in most states protect FSBOs.  You
>>>                     are not a professional.  You do not have a
>>>                     license.  You are trying to do things right.
>>>                     3.  The starting price in an "or best offer" ad
>>>                     is not legally binding.
>>>                     4.  Nobody actually "sells" their home until the
>>>                     "closing".
>>>                     5.  All you are really trying to do is "make a
>>>                     deal" Sunday night--and you make a non-binding
>>>                     promise to strike that deal with the high bidder.
>>>                     6.  The buyer can back out of the deal right up
>>>                     to the closing.
>>>                     7.  The seller can back out of the deal right up
>>>                     to the closing.
>>>                     8.  Numerous other parties can kill the deal,
>>>                     even if the buyer and seller both want to go
>>>                     through with it.
>>>
>>>                     Nobody can get you the price you want if the
>>>                     market will not support that price.  If you use
>>>                     the 5-Day Method you can get the current market
>>>                     price in 5-Days--every time--if you just stick
>>>                     closely to the method.  The method "succeeds"
>>>                     every time for those who use it properly.  The
>>>                     negative comments you read on this forum come
>>>                     from people who blame the market for their
>>>                     mistakes.  They all could have sold their homes
>>>                     in 5 Days if they were prepared to take the
>>>                     current market value.
>>>
>>>                     You can, too.  You are well on your way.  I wish
>>>                     you could get today what you could have gotten
>>>                     for your home 3 years ago.  But you can't.  And
>>>                     no one else can either.
>>>
>>>                     5-Day Sales are emotionally draining.  They
>>>                     compress a lot of major financial decisions into
>>>                     a short time frame.  It would appear you are
>>>                     well on your way to being able to sell your home
>>>                     in 5-Days, provided only you work out any
>>>                     difference between the current market value and
>>>                     the least you are able to take.  If you view
>>>                     your 5-Day Sale through this lens you will be
>>>                     offered the most anyone will offer for your home
>>>                     at this time.
>>>
>>>                     Decide now if you are going to take the offer. 
>>>                     If not, do not follow through with the
>>>                     Inspection and Round Robin--do something else
>>>                     Friday night--you are still far ahead of the
>>>                     game at minimal cost.
>>>
>>>                     Bill Effros
>>>                     Author
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>                     juliegorman at bellsouth.net wrote:
>>>>                     Just thought I'd jump in here...I certainly am
>>>>                     not a pro...but I placed an ad on Craigslist
>>>>                     today and received 7 responses...Is that good?
>>>>                      
>>>>                     So far, between flyers, an ad in the newspaper,
>>>>                     and Craigslist I have 13 responders in one day?
>>>>                     I am hoping and praying for at least 40 by
>>>>                     Friday night, with a minimum of the necessary 25.
>>>>                      
>>>>                     This process is a little scary. I was hoping to
>>>>                     find more encouragement on this Forum. I
>>>>                     understand telling the bad with the good. But
>>>>                     when you are doing something that you are
>>>>                     already fearful about...it sure would be good
>>>>                     to have a little more assurance of the truth.
>>>>                      
>>>>                     The truth is until a formal contract is signed
>>>>                     neither I nor the buyer are bound to the
>>>>                     bidding process.--is that true?
>>>>                      
>>>>                     The truth is if this process doesn't work...I
>>>>                     have the names and numbers of
>>>>                     realtors...investors...and individuals who have
>>>>                     expressed interest in my home that I can
>>>>                     respond back to at a later time--is that true?
>>>>                      
>>>>                     The truth is if I commit to this process...I
>>>>                     will know by Sunday evening a very close
>>>>                     estimate to what buyers say the value of my
>>>>                     home is for that time and date...and I have the
>>>>                     choice to either accept or reject their
>>>>                     evaluation...of course with the understanding
>>>>                     that I WILL take the highest bid Sunday
>>>>                     evening, as long as it meets the banks highest
>>>>                     bid of what I owe on it--is that true?
>>>>                      
>>>>                     Please encourage me! This process is daunting
>>>>                     the first time and just need a little
>>>>                     encouragement from anyone who has had success.
>>>>                      
>>>>                     Julie from Kentucky
>>>>
>>>>                         -------------- Original message from Bill
>>>>                         Effros <bill at effros.com>: --------------
>>>>
>>>>                         Agreed.
>>>>
>>>>                         But it tells you everything you need to know.
>>>>
>>>>                         If you want to sell it now you can only get
>>>>                         the current market price.  No one can say
>>>>                         if that price will be higher or lower 3
>>>>                         months from now, or 6 months from now.
>>>>
>>>>                         You can play around with 5 Day ads on
>>>>                         Craigslist for nothing.
>>>>
>>>>                         Always start them late Tuesday night.  If
>>>>                         you don't have 2 or 3 responses by noon
>>>>                         Wednesday, pull the ad and think over what
>>>>                         that means.  It doesn't necessarily mean
>>>>                         you can't sell your home, and it doesn't
>>>>                         necessarily mean you can't get twice the
>>>>                         starting price.
>>>>
>>>>                         But would you take twice the starting
>>>>                         price? or 90% of what you are hoping for? 
>>>>                         or 80%?
>>>>
>>>>                         At 1/2 current market price there should be
>>>>                         a lot of enthusiasm, and the fast hit you
>>>>                         get on Craigslist means failing to get 2 or
>>>>                         3 responses by noon Sunday must be
>>>>                         interpreted as not enough enthusiasm.
>>>>
>>>>                         I know you have been honestly trying to
>>>>                         work this out, and you know I have never
>>>>                         seen a housing market situation like the
>>>>                         one we're in.  I'll keep thinking out loud
>>>>                         with you, if you like.  At some point
>>>>                         you'll know what you have to do.
>>>>
>>>>                         Bill Effros
>>>>                         Author
>>>>
>>>>                         j crafor wrote:
>>>>>                         Agents here will NOT list for 3 months,
>>>>>                         unless there is an automatic 3 month
>>>>>                         extension. THEN, according to one contract
>>>>>                         I read, there is ANOTHER three months
>>>>>                         beyond that that the seller cannot sell to
>>>>>                         anyone without giving the agent a
>>>>>                         commission, UNLESS it was re-listed with
>>>>>                         another agent. This was a contract from
>>>>>                         the agent that I had been working with for
>>>>>                         15 years.
>>>>>                          
>>>>>                         That IS correct, which is why I decided to
>>>>>                         do FSBO.
>>>>>                          
>>>>>                         The last agent that I talked to, showed
>>>>>                         the house to at the open houes,
>>>>>                         immediately wanted to list it, 7.5%
>>>>>                         commission, 9 month listing....
>>>>>                         No thanks.
>>>>>                          
>>>>>                         ------------------------------------------------------------------------
>>>>>                         Date: Wed, 5 Aug 2009 10:34:07 -0400
>>>>>                         From: bill at effros.com
>>>>>                         To:
>>>>>                         5-dayforum at mailman.howtosellyourhomein5days.com
>>>>>                         Subject: Re: [5-DayForum] Had a sale last
>>>>>                         weekend
>>>>>
>>>>>                         JCrafor,
>>>>>
>>>>>                         Your home is in a place where it has
>>>>>                         become extremely difficult to sell homes
>>>>>                         -- at any price.  Nobody knows what they
>>>>>                         are worth at this time.  List with an
>>>>>                         agent for a limited time period -- let's
>>>>>                         say 3 months.  See what happens.  Let us know.
>>>>>
>>>>>                         I believe we are headed for a lot of
>>>>>                         inflation.  Homes in some places will
>>>>>                         start to rise in selling price.  But other
>>>>>                         homes will never be sold at any price.
>>>>>
>>>>>                         Just my opinion -- this is not my area of
>>>>>                         expertise.
>>>>>
>>>>>                         Bill Effros
>>>>>                         Author
>>>>>
>>>>>                         j crafor wrote:
>>>>>
>>>>>                             I had only one response for the 5day
>>>>>                             from Craigslist, and more for the
>>>>>                             standard open house on Craigslist.
>>>>>                             Was considering doing a 5day this
>>>>>                             coming weekend (in Tucson) but will
>>>>>                             have a standard open house instead. 
>>>>>                             Sort of considering listing with an
>>>>>                             agent...
>>>>>                             JCrafor
>>>>>                              
>>>>>                             ------------------------------------------------------------------------
>>>>>                             From: Janetislight at aol.com
>>>>>                             <mailto:Janetislight at aol.com>
>>>>>                             Date: Wed, 5 Aug 2009 09:24:53 -0400
>>>>>                             To:
>>>>>                             5-dayforum at mailman.howtosellyourhomein5days.com
>>>>>                             <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>>>>>                             Subject: Re: [5-DayForum] Had a sale
>>>>>                             last weekend
>>>>>
>>>>>                             Yes, it would be interesting to know
>>>>>                             how to do this on Craigslist, since I
>>>>>                             has zero responses from an ad placed
>>>>>                             as laid out in the book.
>>>>>                              
>>>>>                             Janet
>>>>>                              
>>>>>                              
>>>>>                             In a message dated 8/4/2009 5:54:54
>>>>>                             P.M. Central Daylight Time,
>>>>>                             bill at effros.com
>>>>>                             <mailto:bill at effros.com> writes:
>>>>>
>>>>>                                 Sue,
>>>>>
>>>>>                                 You already understand most of
>>>>>                                 what you've got to know.
>>>>>
>>>>>                                 The big change in the 4th edition
>>>>>                                 is that it is now possible to run
>>>>>                                 a 5-Day sale with zero advertising
>>>>>                                 cost.
>>>>>
>>>>>                                 All you need is Craigslist.
>>>>>
>>>>>                                 Start your home at $24,500.  I
>>>>>                                 know.  It sounds crazy.
>>>>>
>>>>>                                 But you know you'll get more than
>>>>>                                 25 responses by Friday night, and
>>>>>                                 some people who say they will
>>>>>                                 never leave St. Louis are going to
>>>>>                                 drive out just to see what's going
>>>>>                                 on.  You will get the most you can
>>>>>                                 get for your home at the present time.
>>>>>
>>>>>                                 I have started at absurd prices
>>>>>                                 many times. Literally a zillion
>>>>>                                 people show up, and you must be
>>>>>                                 ready for them.  There is no
>>>>>                                 question that most of them cannot
>>>>>                                 or will not pay what you are
>>>>>                                 hoping for.  But so what?  3
>>>>>                                 people who know what your home is
>>>>>                                 currently worth will pop out of
>>>>>                                 the crowd, bid against each other,
>>>>>                                 and you will get the most you can
>>>>>                                 get for your home on the weekend
>>>>>                                 you pick.
>>>>>
>>>>>                                 Enough people have computers so
>>>>>                                 that you no longer have to take
>>>>>                                 telephone calls.  You can do
>>>>>                                 everything on the web -- and the
>>>>>                                 response is instantaneous.
>>>>>
>>>>>                                 Prepare materials to email back to
>>>>>                                 people before placing the ad.  You
>>>>>                                 can send pictures.  You can
>>>>>                                 explain in detail how you will run
>>>>>                                 the sale.  Because you get to
>>>>>                                 write it all out in advance, you
>>>>>                                 can be sure everyone gets the same
>>>>>                                 information, and you can be sure
>>>>>                                 you have said exactly what you
>>>>>                                 want to say.
>>>>>
>>>>>                                 I can't tell you exactly what
>>>>>                                 materials to provide in response
>>>>>                                 to Craigslist inquiries because I
>>>>>                                 don't know yet.  I do know you
>>>>>                                 will get an overwhelming number of
>>>>>                                 responses, and virtually everyone
>>>>>                                 looking for a home like yours will
>>>>>                                 know yours is available and REALLY
>>>>>                                 will be sold to the high bidder
>>>>>                                 Sunday night.
>>>>>
>>>>>                                 Unlike Bill, your home can
>>>>>                                 certainly be sold at this time. 
>>>>>                                 Just like Bill, you can know
>>>>>                                 exactly what you've got to do in
>>>>>                                 just 5 Days at no cost.
>>>>>
>>>>>                                 If you start to develop "stock"
>>>>>                                 internet responses to Craigslist,
>>>>>                                 let us know what they are, and how
>>>>>                                 they worked.
>>>>>
>>>>>                                 The Craigslist headline and body
>>>>>                                 copy work differently than
>>>>>                                 newspaper 5-Day Ads.  Again, let
>>>>>                                 us know what works.
>>>>>
>>>>>                                 Also, watch the resubmission rules
>>>>>                                 -- you don't want' to get frozen
>>>>>                                 out of Craigslist in the middle of
>>>>>                                 your 5-Day Sale.  I generally try
>>>>>                                 to run one ad starting Tuesday
>>>>>                                 night and deleting Thursday.  And
>>>>>                                 an updating ad running Friday
>>>>>                                 Saturday and Sunday.  You should
>>>>>                                 have 25 responses by Thursday night.
>>>>>
>>>>>                                 Let us know how it goes.  You're
>>>>>                                 on the right track.
>>>>>
>>>>>                                 Bill Effros
>>>>>                                 Author
>>>>>
>>>>>
>>>>>
>>>>>                                 Sue Pruett wrote:
>>>>>
>>>>>                                     I am a big fan of this
>>>>>                                     method.  We used the first
>>>>>                                     book back in 1995 to sell our
>>>>>                                     first house, and it worked
>>>>>                                     great!  I always knew we would
>>>>>                                     use this method for our second
>>>>>                                     house.  Well, the time has
>>>>>                                     come to sell our second
>>>>>                                     house!  I purchased the book
>>>>>                                     just about a month ago. 
>>>>>                                     However, I didn't realize
>>>>>                                     there was a third edition
>>>>>                                     until about two weeks ago. 
>>>>>                                     The seller didn't inform me of
>>>>>                                     this fact!  I'm sure there is
>>>>>                                     a lot in the third edition
>>>>>                                     that would have been helpful
>>>>>                                     to us!
>>>>>                                      
>>>>>                                     Well, here's where our story
>>>>>                                     stands right now. 
>>>>>                                      
>>>>>                                     We live in Southern Illinois,
>>>>>                                     across the Mississippi from
>>>>>                                     St. Louis.  Homes in our
>>>>>                                     neighborhood have been selling
>>>>>                                     in the upper $80's in the past
>>>>>                                     4 months.  When we compare our
>>>>>                                     home to these, some things are
>>>>>                                     better in ours, some are
>>>>>                                     worse.  Ours is larger than
>>>>>                                     any of them.  We had hoped to
>>>>>                                     get about $90K, but would have
>>>>>                                     been more than satisfied with
>>>>>                                     $85K. 
>>>>>                                      
>>>>>                                     We tried the sale two weeks
>>>>>                                     ago with ads in the only daily
>>>>>                                     in town.  We got 4 calls.  We
>>>>>                                     postponed the sale.  We were
>>>>>                                     able to advertise in two
>>>>>                                     weeklies, in addition to the
>>>>>                                     daily.  We broke a big rule -
>>>>>                                     we only had 17 calls by
>>>>>                                     Friday, but went ahead with
>>>>>                                     the sale.  At least 12 of our
>>>>>                                     callers were so excited about
>>>>>                                     the house, we thought we were
>>>>>                                     good to go.  Don't break that
>>>>>                                     rule!  We only had 5 families
>>>>>                                     come to look, and only two
>>>>>                                     bidders, and one could not
>>>>>                                     afford our starting price.  We
>>>>>                                     did get a $75K offer, and we
>>>>>                                     agreed to sell it to her.
>>>>>                                      
>>>>>                                     The other thing we did was
>>>>>                                     start at $74,500, because we
>>>>>                                     were scared to start
>>>>>                                     lower.  I'm sure this also
>>>>>                                     contributed to fewer
>>>>>                                     callers.  We arent' sure the
>>>>>                                     current buyer is going to come
>>>>>                                     through.  We should know by
>>>>>                                     tonight.  If she doesn't, we
>>>>>                                     are purchasing the third
>>>>>                                     edition of the book, and doing
>>>>>                                     it right!  We'll start at
>>>>>                                     $49,500, and we'll utilize the
>>>>>                                     other advertising methods
>>>>>                                     discussed in the third
>>>>>                                     edition.  I almost wish the
>>>>>                                     fourth edition was already
>>>>>                                     out, as I'm worried we are
>>>>>                                     behind the times with the
>>>>>                                     internet advertising. 
>>>>>                                      
>>>>>                                     I know I've gone on a long
>>>>>                                     time, but I do have a question
>>>>>                                     - can anyone point me to which
>>>>>                                     internet advertising you all
>>>>>                                     use.  I've never used anything
>>>>>                                     but ebay to sell over the
>>>>>                                     internet, and not for
>>>>>                                     something like a house!    I'd
>>>>>                                     just like to get a picture of
>>>>>                                     how internet advertising
>>>>>                                     works.  Thanks so much for
>>>>>                                     sticking with my story!
>>>>>
>>>>>                                     Sue Pruett
>>>>>                                     32950 Delhi Road
>>>>>                                     Brighton, IL  62012
>>>>>                                     618-372-3501
>>>>>                                     Visit my blogs at
>>>>>                                     http://www.thecharlottemasongirl.com/
>>>>>                                     and
>>>>>                                     http://www.illinoisgreenhome.com
>>>>>                                     <http://www.illinoisgreenhome.com/>
>>>>>                                     and
>>>>>                                     http://parentingwithstyle.blogspot.com/
>>>>>                                      
>>>>>
>>>>>                                     ------------------------------------------------------------------------
>>>>>
>>>>>                                     _______________________________________________
>>>>>                                     5-DayForum mailing list
>>>>>                                     5-DayForum at mailman.howtosellyourhomein5days.com <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>>>>>                                     http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>                                       
>>>>>
>>>>>
>>>>>
>>>>>                                 _______________________________________________
>>>>>                                 5-DayForum mailing list
>>>>>                                 5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>                                 <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>>>>>                                 http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>
>>>>>
>>>>>                             ------------------------------------------------------------------------
>>>>>
>>>>>                             ------------------------------------------------------------------------
>>>>>                             Get back to school stuff for them and
>>>>>                             cashback for you. Try BingT now.
>>>>>                             <http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackToSchool_Cashback_BTSCashback_1x1>
>>>>>
>>>>>
>>>>>                             ------------------------------------------------------------------------
>>>>>
>>>>>                             _______________________________________________
>>>>>                             5-DayForum mailing list
>>>>>                             5-DayForum at mailman.howtosellyourhomein5days.com <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>>>>>                             http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>                               
>>>>>
>>>>>
>>>>>                         ------------------------------------------------------------------------
>>>>>                         Get back to school stuff for them and
>>>>>                         cashback for you. Try BingT now.
>>>>>                         <http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackToSchool_Cashback_BTSCashback_1x1>
>>>>>
>>>>>                         ------------------------------------------------------------------------
>>>>>
>>>>>                         _______________________________________________
>>>>>                         5-DayForum mailing list
>>>>>                         5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>                         http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>                           
>>>>
>>>>                     ------------------------------------------------------------------------
>>>>
>>>>                     _______________________________________________
>>>>                     5-DayForum mailing list
>>>>                     5-DayForum at mailman.howtosellyourhomein5days.com
>>>>                     http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>                       
>>>
>>>                 ------------------------------------------------------------------------
>>>
>>>                 _______________________________________________
>>>                 5-DayForum mailing list
>>>                 5-DayForum at mailman.howtosellyourhomein5days.com
>>>                 http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>                   
>>
>>             ------------------------------------------------------------------------
>>
>>             _______________________________________________
>>             5-DayForum mailing list
>>             5-DayForum at mailman.howtosellyourhomein5days.com
>>             http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>               
>
>
>
>         _______________________________________________
>         5-DayForum mailing list
>         5-DayForum at mailman.howtosellyourhomein5days.com
>         http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
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>
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From juliegorman at bellsouth.net  Sun Aug  9 08:25:05 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Sun, 09 Aug 2009 12:25:05 +0000
Subject: [5-DayForum] 132 contacts!?!
In-Reply-To: <4A7E2F89.6060100@effros.com>
References: <080820092227.27730.4A7DFBD2000CD96200006C5222230647629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<4A7E2F89.6060100@effros.com>
Message-ID: <080920091225.19810.4A7EC0200008AB8400004D6222218675169B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

Thank you! I am awake! Ready! And Excited for the Day! Prayed for the strength that I know I'll need...so here we go!

I'm still getting calls, still getting emails...Now, up to 142! But all I need are the 3 real buyers! I'll keep you all posted!

I'm selling my house today!
Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Nice going Julie!

Your sale will be the model for the 4th edition of the book, and we all hope you will give us a complete account of everything you feel you did right, and everything you feel you did wrong, when you have the time.

But for right now, you must stick to your knitting.

You know how tired you are now.  You must pace yourself tomorrow to ensure you are sharp for the round-robin.  It will be more of the same, and you will not know who the real buyers are until the end of the round-robin.

You have run a successful 5-Day Sale.  Virtually everyone in your community knows you will sell your home tomorrow night.  Play fair and you will locate the 3 best buyers for your home at this time.

The current high bid is quite high for a Saturday night, but has no bearing on the final offer.  You will get a fair offer at the end of the day.

You may get too many bidders to be able to finish the Round-Robin on Sunday night.  Start exactly at 8:00.  Call the high bidder, explain the situation carefully.  The high bidder must understand they can raise their own bid, or just sit on it.  They are the only bidder who effectively gets 2 bids in the first round.  They are the only bidder who can fail to raise the bid, and still get another call.  Unless the high bid is a preemptive bid, far above all the other bids, it is extremely unlikely that the high bid will remain the high bid at the end of the first round.  Unless the high bidder chooses to make an even higher bid before anyone else gets the chance.

Preemptive bids are almost always good for the buyer and bad for the seller, even though we all rejoice when we meet or exceed our price expectations.  But it is not for you to put your thumb on the scale.  Talk to the bidders.  Get to know them better.  Spend time with them.  They spent time with you, it is the least you can do.

The Round-Robin is not a race.  Don't do it fast.  Do it well. Plan to stop around 9:30, no matter what.  Some people just can't function well after that hour, and it is dumb to lose a good buyer because you are a night-person and they are a day-person.

On average, expect to spend 5 minutes per bidder.  You may talk to the high bidder for 15 minutes, but as you go down the list, some people will drop out immediately, and it should average out to around 5 minutes per bidder in the first round.  So, if you have 30 bidders (and you might) at 5 minutes per bidder, it will be 9:30 by the end of the first round.  Explain to everyone that you anticipate extending the Round-Robin after tonight (but that nobody new will be able to get into the bidding no matter how good their story.)  And tell all bidders who remain in the bidding that you will call them again Sunday night to let them know the status, and to work out a time for the next round of the round-robin that works for everyone.

"How to Sell Your Home in 5-Days" is a good name for a book -- but you are not bound by it.  It's great that 132 people contacted you at a time when others don't get a single contact in a year -- but that is not the point of this exercise.

Cull that list down to the three best, and then work with ALL THREE!  The best deal you can possibly get at this time is somewhere in this mix, and now, you must find it.

No matter what the final offer, offer to sell your home to the high bidder Sunday night.  Let the other 2 top bidders (and more if they are all bunched together within a few thousand dollars of each other) know the status, know that you don't know the high bidder any better than you know the bidder you are talking to, that the higher bidder may drop out, for any reason, that your bank may refuse to take the high bid...in short, that anything can happen from this point forward, but that you are going to honor the terms of your 5-Day Sale by offering your home to the high bidder as promised, and that if the high bidder does not go through with the deal, you will offer your home to other high bidders who are so close to the high bid that it would be silly for you to run another 5-Day Sale instead of just taking the next fair bid.

Then you must move as fast as possible.  When you "sell" your home in 5-Days, you have not really "sold" it.  All you have done is to accept a verbal, non-binding offer.  The offer is not binding on either side.  That is what contracts are for.  That is what a closing is for.  Whether you like the final offer, or not, you must move quickly to nail down the terms.  If the final offer is lower than your mortgage, and you are not willing to make up the difference, take the offer to your bank and see if they will accept less than the outstanding amount of your loan.  In these times they might, but their answer is of little concern to you.  Either they do, or they don't.  And you must know, right away, so you will know what to do next.

If they do, get the contract signed as fast as you can, and let the other top bidders know exactly what is happening.  (This you continue to do in any case until you have the buyers money in your hands--then you call all the people you have been talking to, and let them all know the house has actually been sold.  Until then, everything is a "maybe" and everyone still has a chance.)

If the bank does not accept a low offer, you must figure out what you are going to do next.  You took risks, and spent a lot of time and effort to locate the best possible deal for your home at this time.  Work with the best buyers.  See if you can't find some other deal that everyone can accept.  If not, you just can't sell your home right now, no matter what you do.  But more likely, someone in the mix wants your home for the most anyone will pay for it at this time, and you and the buyer can together find some way to make that work.  It may be the top bidder.  It may be the second.  It may be the fifth.  It may be someone who didn't bid at all.

But you now have a very realistic view of what your home can bring at this time.  You have a large number of real buyers who want to buy your home.  If it is possible to sell your home right now, you will be able to do so, and you will get the most anyone can get for your home at this time.

Everyone is rooting for you, and inspired by your success.  There are literally hundreds of people on this list.  If you have questions, post them, and I'm sure you'll have an answer from one of the "regulars" in time to use the advice.

Play fair, be yourself, and you will do fine.  The 5-Day Method cannot change the market, but it can help you find the 3 people most likely to buy your home for a fair price.  You have clearly succeeded in doing that.  Now all you have to do is follow through.  Remember that you are not bound by the title of the book.  This is not a contest.  All you are trying to do is sell your home, right now, for the most you can possibly get.

Again, congratulations!  

Bill Effros
Author









juliegorman at bellsouth.net wrote: 
AMAZING DAY! 132 phone calls...yes 132 viable realistic potetial buyers! Can't even begin to tell you how many showed today! Expecting even more tomorrow! Another large ad runs tomorrow to over 500,000 customer based circulation! 

The response is UNBELIEVABLE! WOW! 

Little nervous...the bids seem low...but...I know tomorrow is another day and the round robin is still ahead.

We priced our home at $199,500...current bid $276,000...our house appraises at $425,000 willing to take the high bid come Sunday, but just curious if this low bid is normal at this time in the sale?

Thanks...I'm selling my home tomorrow! :)
Julie from Kentucky
-------------- Original message from Janetislight at aol.com: -------------- 


Let us know how it goes!!!

Janet

In a message dated 8/8/2009 7:43:12 A.M. Central Daylight Time, juliegorman at bellsouth.net writes:



52 SO FAR...our open house is in 1 1/2 hours...YIPPPEE!!!! HERE WE GO! This is SOOOOOO FUN! Last night we had someone offer to bring us a check today...just like Bill said they would. We had people showing up wanting to see the house...just like Bill said they would...

I can't wait for it to turn out with an acceptable price Sunday night...just like Bill says it will!

:)

I know God is going to bless this open house and sale this weekend.

Julie From Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I would start contacting people now.  Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"

I like busy sales because you never get bored, and you don't start second guessing yourself.

Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.

Make sure you have enough help, and that everyone is singing the same tune.

Don't think you can spot the real buyers in the crowd.  You can't.

People will be testing you to see if you're honest.  Be yourself.  They're just people, and one of them is going to buy your home.

Pace yourself.

Keep the cards and letters coming,

Bill Effros
Author

juliegorman at bellsouth.net wrote: 
YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 

>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?

Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)

I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 

I'm SELLING MY HOUSE SUNDAY! YAHOO!

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I have always given the address immediately.  In the old days that would result in lines of cars circling the house before the sale, but so what?  Nobody got in the front door before 10 on Saturday.

The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.  The Method I pass on has worked best for the most people.  That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

Using the traditional method, people were not averaging 1 response per week.  Now you have 17 people to talk to in less than 2 days.  There is a fair deal somewhere in this mix, and all you have to do is find it.

Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest price.  There is absolutely nothing wrong with that.  Every seller wants to sell for the highest possible price.  There is absolutely nothing wrong with that, either.  Most people are incredibly honest, and that honesty has an aura anyone can pick up.  And they pick up your aura, too.

If you can establish trust in what you are doing, real buyers will step up and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are buying foreclosures from banks at 60% of current value.  They don't need your home at this time.  Most of the people who attend your sale will be a lot like you.  Treat them as you would want to be treated.

It is a whole lot of work for 5 days, but you can always make it pay off.  You are well on your way.

Bill Effros
Author



juliegorman at bellsouth.net wrote: 
YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?

Julie
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 
Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 
Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 
I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

Janet


In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 
I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

Well, here's where our story stands right now.  

We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/



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From Janetislight at aol.com  Sun Aug  9 11:35:49 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Sun, 9 Aug 2009 11:35:49 EDT
Subject: [5-DayForum] 132 contacts!?!
Message-ID: <d26.390d2f20.37b046d5@aol.com>

I experienced bids on the bid sheet that where as high.  When you have  
tons of bids, sometimes people want to be the first one called.
 
Janet
 
 
In a message dated 8/8/2009 6:32:25 P.M. Central Daylight Time,  
jamesfleming.realestate at gmail.com writes:

 
Congratulations, it  sounds like your 5-day is going exactly as Bill 
describes in his books.   Don?t be concerned about the dollar amounts written on 
your registration  sheet.  Often potential buyers will give low registration 
bids ? I?ve  seen them as low as 1? ? so that they are  technically 
registered but don?t have to actually bid for real until the end  of the first 
round.  Frankly, I?m surprised to see such a high bid on a  registration sheet.  
What are the other bids?  My guess is that this  person doesn?t understand 
that this sheet is only for the purpose of  qualifying for the Round Robin; 
he or she may think that the bidding has  already begun. 
Best of  luck! 
Jim ?  Realtor 
Vancouver WA 
 
  
____________________________________
 
From:  
5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourhomein5days.com  
[mailto:5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourhomein5days.com]  On Behalf Of  
juliegorman at bellsouth.net
Sent: Saturday, August 08, 2009 3:28  PM
To: How To Sell Your Home  in5-Days; 
5-dayforum at mailman.howtosellyourhomein5days.com
Cc: Janetislight at aol.com
Subject: [5-DayForum] 132  contacts!?!
 
AMAZING DAY! 132 phone calls...yes 132 viable  realistic potetial buyers! 
Can't even begin to tell you how many showed today!  Expecting even more 
tomorrow! Another large ad runs tomorrow to over  500,000 customer based 
circulation! 
 

 
The response is UNBELIEVABLE! WOW!  
 

 
Little nervous...the bids seem low...but...I know  tomorrow is another day 
and the round robin is still  ahead.
 

 
We priced our home at $199,500...current bid  $276,000...our house 
appraises at $425,000 willing to take the high bid come  Sunday, but just curious if 
this low bid is normal at this time in the  sale?
 

 
Thanks...I'm selling my home tomorrow!  :)
 
Julie from Kentucky

-------------- Original message from  Janetislight at aol.com: -------------- 



Let us know how it  goes!!!
 

 
Janet
 

 
 
In a message dated  8/8/2009 7:43:12 A.M. Central Daylight Time, 
juliegorman at bellsouth.net  writes:





52 SO FAR...our  open house is in 1 1/2 hours...YIPPPEE!!!! HERE WE GO! 
This is SOOOOOO  FUN! Last night we had someone offer to bring us a check 
today...just like  Bill said they would. We had people showing up wanting to see 
the  house...just like Bill said they would...

I can't wait for it to  turn out with an acceptable price Sunday 
night...just like Bill  says it will!
 

 
:)
 

 
I know God is  going to bless this open house and sale this  weekend.
 

 
Julie From  Kentucky

--------------  Original message from Bill Effros <bill at effros.com>:  
-------------- 

Julie,

I would start  contacting people now.  Tell them you didn't want to give 
out your  address until you were sure you would get 25 responses by Friday 
night,  and now you have 28 so you are going to tell everyone "it's a  go!"

I like busy sales because you never get bored, and you don't  start second 
guessing yourself.

Let them all know you're going to  sell your home to the high bidder Sunday 
night, and that they are  bidding against each other, not against you.

Make sure you have  enough help, and that everyone is singing the same tune.

Don't  think you can spot the real buyers in the crowd.  You  can't.

People will be testing you to see if you're honest.   Be yourself.  They're 
just people, and one of them is going to buy  your home.

Pace yourself.

Keep the cards and letters  coming,

Bill Effros
Author

_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)   wrote:  
 
YAHOO!  I have 28 calls now...guess that means I'm holding a sale come 
Sunday.  
 

 
>From your last  letter Bill it sounded like it would be ok for me to 
contact the  individuals and let them know the address; is that right? If I do...I 
 guess that means I can begin giving out the physical location to future  
callers as well. Or should I just continue doing what I'm doing and call  
everyone tomorrow night as I originally said I would--I don't want them  to 
think I'm changing the rules as I go. Any  advice?
 

 
Thus far (and  it's only Thursday afternoon where I live) I have received 
16 calls from  Craig's list, 9 from Flyers, and 3 from ads. The ads we're 
running on  Saturday and Sunday will be front page of the courier journal (we 
lucked  out with some open spaces...again yahoo). there readership is 400,000 
on  the weekends...Is it possible we could have too many people  show up? I 
guess I'd love to have to face that hurdle!  :)
 

 
I have been  praying very feverishly, following Bill's advice, and 
believing God is  really going to bless this sale! Thanks for all the recent  
encouragement. I'll keep you posted as I go!  
 

 
I'm SELLING MY  HOUSE SUNDAY! YAHOO!
 

 
Julie from  Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Julie,

I have always  given the address immediately.  In the old days that would 
result  in lines of cars circling the house before the sale, but so  what?  
Nobody got in the front door before 10 on  Saturday.

The whole idea here is that you sell your home in 5  days for the most you 
can possibly get on the day you pick.  The  Method I pass on has worked best 
for the most people.  That  doesn't mean that individual variations can't 
work out, only that I  have heard about a lot of sales, and tried to come up 
with one  coherent explanation that has had the greatest success  ratio.

Using the traditional method, people were not averaging  1 response per 
week.  Now you have 17 people to talk to in less  than 2 days.  There is a fair 
deal somewhere in this mix, and all  you have to do is find it.

Take Rosemarie's advice to  heart.  Every buyer wants to buy for the lowest 
price.   There is absolutely nothing wrong with that.  Every seller wants  
to sell for the highest possible price.  There is absolutely  nothing wrong 
with that, either.  Most people are incredibly  honest, and that honesty has 
an aura anyone can pick up.  And  they pick up your aura, too.

If you can establish trust in what  you are doing, real buyers will step up 
and talk to you.  Listen  to everyone.  Treat everyone well.  The sharks 
are buying  foreclosures from banks at 60% of current value.  They don't need  
your home at this time.  Most of the people who attend your sale  will be a 
lot like you.  Treat them as you would want to be  treated.

It is a whole lot of work for 5 days, but you can  always make it pay off.  
You are well on your way.

Bill  Effros
Author



_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)  wrote:   
 
YEAH!  Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. 
So  far everyone is really excited and can't wait to find out our address.  
I did run into a situation where 2 of the potential buyers really  wanted an 
address because they are looking in my area today...but I  held to our 
position that we are trying to be fair to all potential  buyers so we are not 
releasing our physical location until Friday  evening but that I would contact 
them by phone Friday evening with  directions. They seemed frustrated, 
again only 2 out of 17, but should  I have given them more info?
 

 
Julie

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) : --------------  

Julie,

The process is  daunting in the best of times -- whether you do it by 
yourself or  not.

7 responses from Craigslist is a good sign.

It  does not mean you will get what you are hoping for.

It does  mean there are plenty of people interested in buying your home at  
the current market value.

Stop hoping and praying for 40  responses by Friday night.  Whether you get 
25 or 52 doesn't  really matter.  The fact that you got 7 from Craigslist  
immediately is the best news you could get.

If it doesn't  fill out to 25 by Friday night you must know what you are 
going to  do.  You are not going to say "well, 23 is good  enough."

You have only 2 viable options -- either you tell  everyone who has 
responded that you are going to run the sale next  weekend if you get the rest of 
the responses you need, or you are  going to tell everyone that you cannot 
sell your home at this time  using this method, but you are still interested 
in selling your  home.

So, at the end of day 3, if you had advertised solely  in Craigslist, you 
would have spent nothing, but you would know a  lot more than if you had 
signed up with a broker for 6 months or a  year.

If you decide not to sell your home in 5-Days at this  time, and no one 
else responds, you have located 13 potential buyers  at virtually no cost.  
Very few brokers bring 13 potential  buyers to any home for sale in a year -- 
good times or bad -- and  their contracts stipulate that they "own" those 
buyers, even if the  buyer later buys directly from you at a price 
substantially lower  than the price listed in the contract, the broker still gets a  
commission.

Work with the 13 potential buyers.  Talk to  them.  Email them.  Be 
completely honest with them.   See if you can find a fair deal with any of them.

If not,  wait 3 months and start the 5-Day Method again, to see if the 
market  is any better.

If you locate 25 potential real buyers, and  you decide to run your 5-Day 
Sale, you must commit, in your own  mind, to following through on Sunday 
night.  Buyers can hear  from your answers whether you are truly going to sell 
to the high  bidder, or if you view the 5-Day Method as just a "bait and  
switch".  If it sounds like a "bait and switch" the real buyers  will head for 
the exit without ever leaving a bid.  You would,  too.  You can't get the 
highest possible bid without honestly  committing to the sale.

Here we get to a tricky part -- I am  not your lawyer.  And just as I 
cannot sell Janet's house for  her without putting myself in peril, I also cannot 
give you legal  advise without putting myself in peril.

Let me just state  some facts:

1.  A lot of lawyers don't know what they  are talking about.  (50% of them 
graduated from law school in  the bottom half of their class.)
2.  The laws in most states  protect FSBOs.  You are not a professional.  
You do not  have a license.  You are trying to do things right.
3.   The starting price in an "or best offer" ad is not legally  binding.
4.  Nobody actually "sells" their home until the  "closing".
5.  All you are really trying to do is "make a  deal" Sunday night--and you 
make a non-binding promise to strike  that deal with the high bidder.
6.  The buyer can back out  of the deal right up to the closing.
7.  The seller can back  out of the deal right up to the closing.
8.  Numerous other  parties can kill the deal, even if the buyer and seller 
both want to  go through with it.

Nobody can get you the price you want if  the market will not support that 
price.  If you use the 5-Day  Method you can get the current market price in 
5-Days--every  time--if you just stick closely to the method.  The method  
"succeeds" every time for those who use it properly.  The  negative comments 
you read on this forum come from people who blame  the market for their 
mistakes.  They all could have sold their  homes in 5 Days if they were 
prepared to take the current market  value. 

You can, too.  You are well on your way.  I  wish you could get today what 
you could have gotten for your home 3  years ago.  But you can't.  And no 
one else can  either.

5-Day Sales are emotionally draining.  They  compress a lot of major 
financial decisions into a short time  frame.  It would appear you are well on 
your way to being able  to sell your home in 5-Days, provided only you work out 
any  difference between the current market value and the least you are  ab
le to take.  If you view your 5-Day Sale through  this lens you will be 
offered the most anyone will offer for your  home at this time.

Decide now if you are going to take the  offer.  If not, do not follow 
through with the Inspection and  Round Robin--do something else Friday 
night--you are still far ahead  of the game at minimal cost.

Bill  Effros
Author








_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)  wrote:   
 
Just  thought I'd jump in here...I certainly am not a pro...but I placed  
an ad on Craigslist today and received 7 responses...Is that good?  
 

 
So far,  between flyers, an ad in the newspaper, and Craigslist I have 13  
responders in one day? I am hoping and praying for at least 40 by  Friday 
night, with a minimum of the necessary 25.  
 

 
This  process is a little scary. I was hoping to find more encouragement  
on this Forum. I understand telling the bad with the good. But when  you are 
doing something that you are already fearful about...it  sure would be good 
to have a little more assurance of the  truth.
 

 
The truth  is until a formal contract is signed neither I nor the buyer are 
 bound to the bidding process.--is that  true?
 

 
The truth  is if this process doesn't work...I have the names and numbers 
of  realtors...investors...and individuals who have expressed interest  in my 
home that I can respond back to at a later time--is that  true?
 

 
The truth  is if I commit to this process...I will know by Sunday evening a 
 very close estimate to what buyers say the value of my home is for  that 
time and date...and I have the choice to either accept or  reject their 
evaluation...of course with the understanding that I  WILL take the highest bid 
Sunday evening, as long as it meets the  banks highest bid of what I owe on 
it--is that  true?
 

 
Please  encourage me! This process is daunting the first time and just need 
 a little encouragement from anyone who has had  success.
 

 
Julie from  Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) : --------------  

Agreed.

But it tells  you everything you need to know.

If you want to sell it now  you can only get the current market price.  No 
one can say if  that price will be higher or lower 3 months from now, or 6 
months  from now.

You can play around with 5 Day ads on Craigslist  for nothing.

Always start them late Tuesday night.  If  you don't have 2 or 3 responses 
by noon Wednesday, pull the ad and  think over what that means.  It doesn't 
necessarily mean you  can't sell your home, and it doesn't necessarily mean 
you can't  get twice the starting price.

But would you take twice the  starting price? or 90% of what you are hoping 
for?  or  80%?

At 1/2 current market price there should be a lot of  enthusiasm, and the 
fast hit you get on Craigslist means failing  to get 2 or 3 responses by noon 
Sunday must be interpreted as not  enough enthusiasm.

I know you have been honestly trying to  work this out, and you know I have 
never seen a housing market  situation like the one we're in.  I'll keep 
thinking out loud  with you, if you like.  At some point you'll know what you  
have to do.

Bill Effros
Author

j  crafor wrote:  
Agents  here will NOT list for 3 months, unless there is an automatic 3  
month extension. THEN, according to one contract I read, there is  ANOTHER 
three months beyond that that the seller cannot sell to  anyone without giving 
the agent a commission, UNLESS it was  re-listed with another agent. This 
was a contract from the agent  that I had been working with for 15 years. 

That IS  correct, which is why I decided to do FSBO. 

The last  agent that I talked to, showed the house to at the open  houes, 
immediately wanted to list it, 7.5% commission, 9  month listing....
No thanks.  
 
____________________________________
 
Date:  Wed, 5 Aug 2009 10:34:07 -0400
From: _bill at effros.com_ (mailto:bill at effros.com) 
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last  weekend

JCrafor,

Your home is  in a place where it has become extremely difficult to sell 
homes  -- at any price.  Nobody knows what they are worth at this  time.  List 
with an agent for a limited time period -- let's  say 3 months.  See what 
happens.  Let us know.

I  believe we are headed for a lot of inflation.  Homes in some  places 
will start to rise in selling price.  But other homes  will never be sold at 
any price.

Just my opinion -- this is  not my area of expertise.

Bill  Effros
Author

j  crafor wrote:  
I had  only one response for the 5day from Craigslist, and more for the  
standard open house on Craigslist.
Was considering doing a 5day  this coming weekend (in Tucson) but will have 
a standard  open house instead.  Sort of considering listing with an  
agent...
JCrafor
 
____________________________________
 
From: _Janetislight at aol.com_ (mailto:Janetislight at aol.com) 
Date: Wed, 5  Aug 2009 09:24:53 -0400
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last  weekend



Yes, it  would be interesting to know how to do this on Craigslist, since I 
 has zero responses from an ad placed as laid out in the  book.
 

 
Janet
 

 

 
 
In a  message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, 
_bill at effros.com_ (mailto:bill at effros.com)   writes:

Sue,

You already  understand most of what you've got to know.

The big  change in the 4th edition is that it is now possible to run a  
5-Day sale with zero advertising cost.

All you need is  Craigslist.

Start your home at $24,500.  I  know.  It sounds crazy.

But you know you'll get more  than 25 responses by Friday night, and some 
people who say they  will never leave St.  Louis are going to drive out just 
to see  what's going on.  You will get the most you can get for  your home 
at the present time.

I have started at absurd  prices many times. Literally a zillion people 
show up, and you  must be ready for them.  There is no question that most of  
them cannot or will not pay what you are hoping for.  But  so what?  3 people 
who know what your home is currently  worth will pop out of the crowd, bid 
against each other, and you  will get the most you can get for your home on 
the weekend you  pick.

Enough people have computers so that you no longer  have to take telephone 
calls.  You can do everything on the  web -- and the response is 
instantaneous.

Prepare  materials to email back to people before placing the ad.   You can 
send pictures.  You can explain in detail how you  will run the sale.  
Because you get to write it all out in  advance, you can be sure everyone gets 
the same information, and  you can be sure you have said exactly what you 
want to  say.

I can't tell you exactly what materials to provide  in response to 
Craigslist inquiries because I don't know  yet.  I do know you will get an 
overwhelming number of  responses, and virtually everyone looking for a home like 
yours  will know yours is available and REALLY will be sold to the high  bidder 
Sunday night.

Unlike Bill, your home can certainly  be sold at this time.  Just like 
Bill, you can know exactly  what you've got to do in just 5 Days at no cost.

If you  start to develop "stock" internet responses to Craigslist, let  us 
know what they are, and how they worked.

The  Craigslist headline and body copy work differently than  newspaper 
5-Day Ads.  Again, let us know what  works.

Also, watch the resubmission rules -- you don't  want' to get frozen out of 
Craigslist in the middle of your  5-Day Sale.  I generally try to  run one 
ad starting Tuesday night and deleting Thursday.   And an updating ad 
running Friday Saturday and Sunday.  You  should have 25 responses by Thursday 
night.

Let us know  how it goes.  You're on the right track.

Bill  Effros
Author



Sue  Pruett wrote:      
 
I am a big  fan of this method.  We used the first book back in  1995 to 
sell our first house, and it worked great!  I  always knew we would use this 
method for our second  house.  Well, the time has come to sell our second  
house!  I purchased the book just about a month  ago.  However, I didn't 
realize there was a third  edition until about two weeks ago.  The seller didn't  
inform me of this fact!  I'm sure there is a lot in  the third edition that 
would have been helpful to  us!
 

 
Well, here's  where our story stands right now.   
 

 
We live in  Southern Illinois, across the Mississippi from St.  Louis.  
Homes in our  neighborhood have been selling in the upper $80's in the  past 4 
months.  When we compare our home to these,  some things are better in ours, 
some are worse.  Ours  is larger than any of them.  We had hoped to get  
about $90K, but would have been more than satisfied with  $85K.  
 

 
We tried the  sale two weeks ago with ads in the only daily in  town.  We 
got 4 calls.  We postponed the  sale.  We were able to advertise in two 
weeklies, in  addition to the daily.  We broke a big rule - we only  had 17 calls 
by Friday, but went ahead with the  sale.  At least 12 of our callers were 
so excited  about the house, we thought we were good to go.   Don't break 
that rule!  We only had 5 families come  to look, and only two bidders, and 
one could not  afford our starting price.  We did get a $75K offer,  and we 
agreed to sell it to  her.
 

 
The other  thing we did was start at $74,500, because we were scared  to 
start lower.  I'm sure this also contributed  to fewer callers.  We arent' 
sure the current  buyer is going to come through.  We should know by  tonight.  
If she doesn't, we are purchasing the third  edition of the book, and doing 
it right!  We'll start  at $49,500, and we'll utilize the other advertising 
 methods discussed in the third edition.  I almost  wish the fourth edition 
was already out, as I'm worried we  are behind the times with the internet 
advertising.   
 

 
I know I've  gone on a long time, but I do have a question  - can anyone 
point me to which internet advertising  you all use.  I've never used anything 
but ebay to  sell over the internet, and not for something like a  house!   
 I'd just like to get a picture of how  internet advertising works.  Thanks 
so much for  sticking with my story!
 
Sue  Pruett
 
32950  Delhi Road
 
Brighton,  IL  62012
 
618-372-3501
 
Visit  my blogs at _http://www.thecharlottemasongirl.com/_ 
(http://www.thecharlottemasongirl.com/) 
 
and  _http://www.illinoisgreenhome.com_ (http://www.illinoisgreenhome.com/) 
 
and  _http://parentingwithstyle.blogspot.com/_ 
(http://parentingwithstyle.blogspot.com/) 
 


 
  
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From juliegorman at bellsouth.net  Sun Aug  9 17:51:15 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Sun, 09 Aug 2009 21:51:15 +0000
Subject: [5-DayForum] 292 contacts!!!!
In-Reply-To: <4A7E2F89.6060100@effros.com>
References: <080820092227.27730.4A7DFBD2000CD96200006C5222230647629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<4A7E2F89.6060100@effros.com>
Message-ID: <080920092151.2363.4A7F44D0000981F00000093B22193100029B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

Yes you heard me...I'm exhausted but excited. 292 contacts, 45 bids, and the round robin ahead! AGGGHHHHH! High bid at $285,000 with everyone knowing that it was only to position them to be part of the bidding process and where they would be placed in the call! 

I don't have time to share any more information but will let you know how it turns out. 2 hours until round robin and I have a lot to do!

I'm selling my home...TONIGHT! :)
Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Nice going Julie!

Your sale will be the model for the 4th edition of the book, and we all hope you will give us a complete account of everything you feel you did right, and everything you feel you did wrong, when you have the time.

But for right now, you must stick to your knitting.

You know how tired you are now.  You must pace yourself tomorrow to ensure you are sharp for the round-robin.  It will be more of the same, and you will not know who the real buyers are until the end of the round-robin.

You have run a successful 5-Day Sale.  Virtually everyone in your community knows you will sell your home tomorrow night.  Play fair and you will locate the 3 best buyers for your home at this time.

The current high bid is quite high for a Saturday night, but has no bearing on the final offer.  You will get a fair offer at the end of the day.

You may get too many bidders to be able to finish the Round-Robin on Sunday night.  Start exactly at 8:00.  Call the high bidder, explain the situation carefully.  The high bidder must understand they can raise their own bid, or just sit on it.  They are the only bidder who effectively gets 2 bids in the first round.  They are the only bidder who can fail to raise the bid, and still get another call.  Unless the high bid is a preemptive bid, far above all the other bids, it is extremely unlikely that the high bid will remain the high bid at the end of the first round.  Unless the high bidder chooses to make an even higher bid before anyone else gets the chance.

Preemptive bids are almost always good for the buyer and bad for the seller, even though we all rejoice when we meet or exceed our price expectations.  But it is not for you to put your thumb on the scale.  Talk to the bidders.  Get to know them better.  Spend time with them.  They spent time with you, it is the least you can do.

The Round-Robin is not a race.  Don't do it fast.  Do it well. Plan to stop around 9:30, no matter what.  Some people just can't function well after that hour, and it is dumb to lose a good buyer because you are a night-person and they are a day-person.

On average, expect to spend 5 minutes per bidder.  You may talk to the high bidder for 15 minutes, but as you go down the list, some people will drop out immediately, and it should average out to around 5 minutes per bidder in the first round.  So, if you have 30 bidders (and you might) at 5 minutes per bidder, it will be 9:30 by the end of the first round.  Explain to everyone that you anticipate extending the Round-Robin after tonight (but that nobody new will be able to get into the bidding no matter how good their story.)  And tell all bidders who remain in the bidding that you will call them again Sunday night to let them know the status, and to work out a time for the next round of the round-robin that works for everyone.

"How to Sell Your Home in 5-Days" is a good name for a book -- but you are not bound by it.  It's great that 132 people contacted you at a time when others don't get a single contact in a year -- but that is not the point of this exercise.

Cull that list down to the three best, and then work with ALL THREE!  The best deal you can possibly get at this time is somewhere in this mix, and now, you must find it.

No matter what the final offer, offer to sell your home to the high bidder Sunday night.  Let the other 2 top bidders (and more if they are all bunched together within a few thousand dollars of each other) know the status, know that you don't know the high bidder any better than you know the bidder you are talking to, that the higher bidder may drop out, for any reason, that your bank may refuse to take the high bid...in short, that anything can happen from this point forward, but that you are going to honor the terms of your 5-Day Sale by offering your home to the high bidder as promised, and that if the high bidder does not go through with the deal, you will offer your home to other high bidders who are so close to the high bid that it would be silly for you to run another 5-Day Sale instead of just taking the next fair bid.

Then you must move as fast as possible.  When you "sell" your home in 5-Days, you have not really "sold" it.  All you have done is to accept a verbal, non-binding offer.  The offer is not binding on either side.  That is what contracts are for.  That is what a closing is for.  Whether you like the final offer, or not, you must move quickly to nail down the terms.  If the final offer is lower than your mortgage, and you are not willing to make up the difference, take the offer to your bank and see if they will accept less than the outstanding amount of your loan.  In these times they might, but their answer is of little concern to you.  Either they do, or they don't.  And you must know, right away, so you will know what to do next.

If they do, get the contract signed as fast as you can, and let the other top bidders know exactly what is happening.  (This you continue to do in any case until you have the buyers money in your hands--then you call all the people you have been talking to, and let them all know the house has actually been sold.  Until then, everything is a "maybe" and everyone still has a chance.)

If the bank does not accept a low offer, you must figure out what you are going to do next.  You took risks, and spent a lot of time and effort to locate the best possible deal for your home at this time.  Work with the best buyers.  See if you can't find some other deal that everyone can accept.  If not, you just can't sell your home right now, no matter what you do.  But more likely, someone in the mix wants your home for the most anyone will pay for it at this time, and you and the buyer can together find some way to make that work.  It may be the top bidder.  It may be the second.  It may be the fifth.  It may be someone who didn't bid at all.

But you now have a very realistic view of what your home can bring at this time.  You have a large number of real buyers who want to buy your home.  If it is possible to sell your home right now, you will be able to do so, and you will get the most anyone can get for your home at this time.

Everyone is rooting for you, and inspired by your success.  There are literally hundreds of people on this list.  If you have questions, post them, and I'm sure you'll have an answer from one of the "regulars" in time to use the advice.

Play fair, be yourself, and you will do fine.  The 5-Day Method cannot change the market, but it can help you find the 3 people most likely to buy your home for a fair price.  You have clearly succeeded in doing that.  Now all you have to do is follow through.  Remember that you are not bound by the title of the book.  This is not a contest.  All you are trying to do is sell your home, right now, for the most you can possibly get.

Again, congratulations!  

Bill Effros
Author









juliegorman at bellsouth.net wrote: 
AMAZING DAY! 132 phone calls...yes 132 viable realistic potetial buyers! Can't even begin to tell you how many showed today! Expecting even more tomorrow! Another large ad runs tomorrow to over 500,000 customer based circulation! 

The response is UNBELIEVABLE! WOW! 

Little nervous...the bids seem low...but...I know tomorrow is another day and the round robin is still ahead.

We priced our home at $199,500...current bid $276,000...our house appraises at $425,000 willing to take the high bid come Sunday, but just curious if this low bid is normal at this time in the sale?

Thanks...I'm selling my home tomorrow! :)
Julie from Kentucky
-------------- Original message from Janetislight at aol.com: -------------- 


Let us know how it goes!!!

Janet

In a message dated 8/8/2009 7:43:12 A.M. Central Daylight Time, juliegorman at bellsouth.net writes:



52 SO FAR...our open house is in 1 1/2 hours...YIPPPEE!!!! HERE WE GO! This is SOOOOOO FUN! Last night we had someone offer to bring us a check today...just like Bill said they would. We had people showing up wanting to see the house...just like Bill said they would...

I can't wait for it to turn out with an acceptable price Sunday night...just like Bill says it will!

:)

I know God is going to bless this open house and sale this weekend.

Julie From Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I would start contacting people now.  Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"

I like busy sales because you never get bored, and you don't start second guessing yourself.

Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.

Make sure you have enough help, and that everyone is singing the same tune.

Don't think you can spot the real buyers in the crowd.  You can't.

People will be testing you to see if you're honest.  Be yourself.  They're just people, and one of them is going to buy your home.

Pace yourself.

Keep the cards and letters coming,

Bill Effros
Author

juliegorman at bellsouth.net wrote: 
YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 

>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?

Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)

I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 

I'm SELLING MY HOUSE SUNDAY! YAHOO!

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I have always given the address immediately.  In the old days that would result in lines of cars circling the house before the sale, but so what?  Nobody got in the front door before 10 on Saturday.

The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.  The Method I pass on has worked best for the most people.  That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

Using the traditional method, people were not averaging 1 response per week.  Now you have 17 people to talk to in less than 2 days.  There is a fair deal somewhere in this mix, and all you have to do is find it.

Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest price.  There is absolutely nothing wrong with that.  Every seller wants to sell for the highest possible price.  There is absolutely nothing wrong with that, either.  Most people are incredibly honest, and that honesty has an aura anyone can pick up.  And they pick up your aura, too.

If you can establish trust in what you are doing, real buyers will step up and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are buying foreclosures from banks at 60% of current value.  They don't need your home at this time.  Most of the people who attend your sale will be a lot like you.  Treat them as you would want to be treated.

It is a whole lot of work for 5 days, but you can always make it pay off.  You are well on your way.

Bill Effros
Author



juliegorman at bellsouth.net wrote: 
YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?

Julie
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 
Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 
Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 
I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

Janet


In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 
I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

Well, here's where our story stands right now.  

We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/



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From Janetislight at aol.com  Sun Aug  9 17:54:03 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Sun, 9 Aug 2009 17:54:03 EDT
Subject: [5-DayForum] 292 contacts!!!!
Message-ID: <cf0.600a4fa8.37b09f7b@aol.com>

Take a moment for a big breath.  You want to be calm and collected for  
your round robin.  Honestly, I don't think that you are going to get it  done 
tonight.
 
Good luck!!!
 
Janet
 
 
In a message dated 8/9/2009 4:52:28 P.M. Central Daylight Time,  
juliegorman at bellsouth.net writes:




Yes you heard me...I'm exhausted but excited. 292 contacts, 45 bids, and  
the round robin ahead! AGGGHHHHH! High bid at $285,000 with everyone knowing  
that it was only to position them to be part of the bidding process and 
where  they would be placed in the call! 
 
I don't have time to share any more information but will let you know how  
it turns out. 2 hours until round robin and I have a lot to do!
 
I'm selling my home...TONIGHT! :)
Julie from Kentucky

--------------  Original message from Bill Effros <bill at effros.com>: 
--------------  

Nice going  Julie!

Your sale will be the model for the 4th edition of the book,  and we all 
hope you will give us a complete account of everything you feel  you did 
right, and everything you feel you did wrong, when you have the  time.

But for right now, you must stick to your knitting.

You  know how tired you are now.  You must pace yourself tomorrow to ensure 
 you are sharp for the round-robin.  It will be more of the same, and  you 
will not know who the real buyers are until the end of the  round-robin.

You have run a successful 5-Day Sale.  Virtually  everyone in your 
community knows you will sell your home tomorrow  night.  Play fair and you will 
locate the 3 best buyers for your home  at this time.

The current high bid is quite high for a Saturday  night, but has no 
bearing on the final offer.  You will get a fair  offer at the end of the day.

You may get too many bidders to be able  to finish the Round-Robin on 
Sunday night.  Start exactly at  8:00.  Call the high bidder, explain the 
situation carefully.  The  high bidder must understand they can raise their own 
bid, or just sit on  it.  They are the only bidder who effectively gets 2 bids 
in the first  round.  They are the only bidder who can fail to raise the 
bid, and  still get another call.  Unless the high bid is a preemptive bid, far 
 above all the other bids, it is extremely unlikely that the high bid will  
remain the high bid at the end of the first round.  Unless the high  bidder 
chooses to make an even higher bid before anyone else gets the  chance.

Preemptive bids are almost always good for the buyer and bad  for the 
seller, even though we all rejoice when we meet or exceed our price  
expectations.  But it is not for you to put your thumb on the  scale.  Talk to the 
bidders.  Get to know them better.  Spend  time with them.  They spent time with 
you, it is the least you can  do.

The Round-Robin is not a race.  Don't do it fast.  Do  it well. Plan to 
stop around 9:30, no matter what.  Some people just  can't function well after 
that hour, and it is dumb to lose a good buyer  because you are a 
night-person and they are a day-person.

On average,  expect to spend 5 minutes per bidder.  You may talk to the 
high bidder  for 15 minutes, but as you go down the list, some people will drop 
out  immediately, and it should average out to around 5 minutes per bidder 
in the  first round.  So, if you have 30 bidders (and you might) at 5 
minutes  per bidder, it will be 9:30 by the end of the first round.  Explain to  
everyone that you anticipate extending the Round-Robin after tonight (but  
that nobody new will be able to get into the bidding no matter how good  their 
story.)  And tell all bidders who remain in the bidding that you  will call 
them again Sunday night to let them know the status, and to work  out a 
time for the next round of the round-robin that works for  everyone.

"How to Sell Your Home in 5-Days" is a good name for a book  -- but you are 
not bound by it.  It's great that 132 people contacted  you at a time when 
others don't get a single contact in a year -- but that  is not the point of 
this exercise.

Cull that list down to the three  best, and then work with ALL THREE!  The 
best deal you can possibly get  at this time is somewhere in this mix, and 
now, you must find it.

No  matter what the final offer, offer to sell your home to the high bidder 
 Sunday night.  Let the other 2 top bidders (and more if they are all  
bunched together within a few thousand dollars of each other) know the  status, 
know that you don't know the high bidder any better than you know  the 
bidder you are talking to, that the higher bidder may drop out, for any  reason, 
that your bank may refuse to take the high bid...in short, that  anything 
can happen from this point forward, but that you are going to honor  the terms 
of your 5-Day Sale by offering your home to the high bidder as  promised, 
and that if the high bidder does not go through with the deal, you  will 
offer your home to other high bidders who are so close to the high bid  that it 
would be silly for you to run another 5-Day Sale instead of just  taking the 
next fair bid.

Then you must move as fast as  possible.  When you "sell" your home in 
5-Days, you have not really  "sold" it.  All you have done is to accept a 
verbal, non-binding  offer.  The offer is not binding on either side.  That is 
what  contracts are for.  That is what a closing is for.  Whether you  like the 
final offer, or not, you must move quickly to nail down the  terms.  If the 
final offer is lower than your mortgage, and you are not  willing to make 
up the difference, take the offer to your bank and see if  they will accept 
less than the outstanding amount of your loan.  In  these times they might, 
but their answer is of little concern to you.   Either they do, or they 
don't.  And you must know, right away, so you  will know what to do next.

If they do, get the contract signed as  fast as you can, and let the other 
top bidders know exactly what is  happening.  (This you continue to do in 
any case until you have the  buyers money in your hands--then you call all the 
people you have been  talking to, and let them all know the house has 
actually been sold.   Until then, everything is a "maybe" and everyone still has 
a  chance.)

If the bank does not accept a low offer, you must figure out  what you are 
going to do next.  You took risks, and spent a lot of time  and effort to 
locate the best possible deal for your home at this  time.  Work with the best 
buyers.  See if you can't find some  other deal that everyone can accept.  
If not, you just can't sell your  home right now, no matter what you do.  
But more likely, someone in the  mix wants your home for the most anyone will 
pay for it at this time, and  you and the buyer can together find some way 
to make that work.  It may  be the top bidder.  It may be the second.  It may 
be the  fifth.  It may be someone who didn't bid at all.

But you now  have a very realistic view of what your home can bring at this 
time.   You have a large number of real buyers who want to buy your home.  
If  it is possible to sell your home right now, you will be able to do so, 
and  you will get the most anyone can get for your home at this  time.

Everyone is rooting for you, and inspired by your  success.  There are 
literally hundreds of people on this list.  If  you have questions, post them, 
and I'm sure you'll have an answer from one  of the "regulars" in time to use 
the advice.

Play fair, be yourself,  and you will do fine.  The 5-Day Method cannot 
change the market, but  it can help you find the 3 people most likely to buy 
your home for a fair  price.  You have clearly succeeded in doing that.  Now 
all you  have to do is follow through.  Remember that you are not bound by 
the  title of the book.  This is not a contest.  All you are trying to  do is 
sell your home, right now, for the most you can possibly  get.

Again, congratulations!  

Bill  Effros
Author









_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)  wrote:   
AMAZING DAY! 132 phone calls...yes 132 viable realistic potetial  buyers! 
Can't even begin to tell you how many showed today! Expecting even  more 
tomorrow! Another large ad runs tomorrow to over 500,000  customer based 
circulation! 
 
The response is UNBELIEVABLE! WOW! 
 
Little nervous...the bids seem low...but...I know tomorrow is another  day 
and the round robin is still ahead.
 
We priced our home at $199,500...current bid $276,000...our house  
appraises at $425,000 willing to take the high bid come Sunday, but just  curious if 
this low bid is normal at this time in the sale?
 
Thanks...I'm selling my home tomorrow! :)
Julie from Kentucky

--------------  Original message from _Janetislight at aol.com:_ 
(mailto:Janetislight at aol.com:)   -------------- 

Let us know how it goes!!!
 
Janet
 
 
In a message dated 8/8/2009 7:43:12 A.M. Central Daylight Time, 
_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)   writes:



52 SO FAR...our open house is in 1 1/2 hours...YIPPPEE!!!! HERE  WE GO! 
This is SOOOOOO FUN! Last night we had someone offer to bring  us a check 
today...just like Bill said they would. We had people  showing up wanting to see 
the house...just like Bill said they  would...

I can't wait for it to turn out with  an acceptable price Sunday 
night...just like Bill says it  will!
 
:)
 
I know God is going to bless this open house and sale this  weekend.
 
Julie From Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Julie,

I would start  contacting people now.  Tell them you didn't want to give 
out  your address until you were sure you would get 25 responses by  Friday 
night, and now you have 28 so you are going to tell everyone  "it's a go!"

I like busy sales because you never get bored,  and you don't start second 
guessing yourself.

Let them all  know you're going to sell your home to the high bidder Sunday 
night,  and that they are bidding against each other, not against  you.

Make sure you have enough help, and that everyone is  singing the same tune.

Don't think you can spot the real  buyers in the crowd.  You can't.

People will be testing  you to see if you're honest.  Be yourself.  They're 
just  people, and one of them is going to buy your home.

Pace  yourself.

Keep the cards and letters coming,

Bill  Effros
Author

_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)  wrote:  
YAHOO! I have 28 calls now...guess that means I'm holding a  sale come 
Sunday. 
 
>From your last letter Bill it sounded like it would  be ok for me to 
contact the individuals and let them know the  address; is that right? If I do...I 
guess that means I can begin  giving out the physical location to future 
callers as well. Or  should I just continue doing what I'm doing and call 
everyone  tomorrow night as I originally said I would--I don't want them to  
think I'm changing the rules as I go. Any advice?
 
Thus far (and it's only Thursday afternoon where I live) I  have received 
16 calls from Craig's list, 9 from Flyers, and 3  from ads. The ads we're 
running on Saturday and Sunday will be  front page of the courier journal (we 
lucked out with some open  spaces...again yahoo). there readership is 400,000 
on the  weekends...Is it possible we could have too many people  show up? I 
guess I'd love to have to face that hurdle!  :)
 
I have been praying very feverishly, following Bill's advice,  and 
believing God is really going to bless this sale! Thanks for  all the recent 
encouragement. I'll keep you posted as I go! 
 
I'm SELLING MY HOUSE SUNDAY! YAHOO!
 
Julie from Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Julie,

I have always  given the address immediately.  In the old days that would  
result in lines of cars circling the house before the sale, but  so what?  
Nobody got in the front door before 10 on  Saturday.

The whole idea here is that you sell your home  in 5 days for the most you 
can possibly get on the day you  pick.  The Method I pass on has worked best 
for the most  people.  That doesn't mean that individual variations can't  
work out, only that I have heard about a lot of sales, and tried  to come up 
with one coherent explanation that has had the  greatest success ratio.

Using the traditional method,  people were not averaging 1 response per 
week.  Now you  have 17 people to talk to in less than 2 days.  There is a  
fair deal somewhere in this mix, and all you have to do is find  it.

Take Rosemarie's advice to heart.  Every buyer  wants to buy for the lowest 
price.  There is absolutely  nothing wrong with that.  Every seller wants 
to sell for  the highest possible price.  There is absolutely nothing  wrong 
with that, either.  Most people are incredibly  honest, and that honesty has 
an aura anyone can pick up.   And they pick up your aura, too.

If you can establish  trust in what you are doing, real buyers will step up 
and talk  to you.  Listen to everyone.  Treat everyone  well.  The sharks 
are buying foreclosures from banks at 60%  of current value.  They don't need 
your home at this  time.  Most of the people who attend your sale will be a 
 lot like you.  Treat them as you would want to be  treated.

It is a whole lot of work for 5 days, but you  can always make it pay off.  
You are well on your  way.

Bill Effros
Author



_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)  wrote:  
YEAH! Up to 17 so far...9 from Craig's list...3 from  ads...5 from flyers. 
So far everyone is really excited and  can't wait to find out our address. I 
did run into a situation  where 2 of the potential buyers really wanted an 
address  because they are looking in my area today...but I held to our  
position that we are trying to be fair to all potential buyers  so we are not 
releasing our physical location until Friday  evening but that I would contact 
them by phone Friday evening  with directions. They seemed frustrated, 
again only 2 out of  17, but should I have given them more info?
 
Julie

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Julie,

The  process is daunting in the best of times -- whether you do  it by 
yourself or not.

7 responses from Craigslist is  a good sign.

It does not mean you will get what you  are hoping for.

It does mean there are plenty of  people interested in buying your home at 
the current market  value.

Stop hoping and praying for 40 responses by  Friday night.  Whether you get 
25 or 52 doesn't really  matter.  The fact that you got 7 from Craigslist  
immediately is the best news you could get.

If it  doesn't fill out to 25 by Friday night you must know what  you are 
going to do.  You are not going to say "well,  23 is good enough."

You have only 2 viable options --  either you tell everyone who has 
responded that you are  going to run the sale next weekend if you get the rest of  
the responses you need, or you are going to tell everyone  that you cannot 
sell your home at this time using this  method, but you are still interested 
in selling your  home.

So, at the end of day 3, if you had advertised  solely in Craigslist, you 
would have spent nothing, but you  would know a lot more than if you had 
signed up with a  broker for 6 months or a year.

If you decide not to  sell your home in 5-Days at this time, and no one 
else  responds, you have located 13 potential buyers at virtually  no cost.  
Very few brokers bring 13 potential buyers to  any home for sale in a year -- 
good times or bad -- and  their contracts stipulate that they "own" those 
buyers, even  if the buyer later buys directly from you at a price  
substantially lower than the price listed in the contract,  the broker still gets a 
commission.

Work with the 13  potential buyers.  Talk to them.  Email  them.  Be 
completely honest with them.  See if you  can find a fair deal with any of them.

If not, wait 3  months and start the 5-Day Method again, to see if the  
market is any better.

If you locate 25 potential real  buyers, and you decide to run your 5-Day 
Sale, you must  commit, in your own mind, to following through on Sunday  
night.  Buyers can hear from your answers whether you  are truly going to sell 
to the high bidder, or if you view  the 5-Day Method as just a "bait and 
switch".  If it  sounds like a "bait and switch" the real buyers will head  for 
the exit without ever leaving a bid.  You would,  too.  You can't get the 
highest possible bid without  honestly committing to the sale.

Here we get to a  tricky part -- I am not your lawyer.  And just as I  
cannot sell Janet's house for her without putting myself in  peril, I also 
cannot give you legal advise without putting  myself in peril.

Let me just state some  facts:

1.  A lot of lawyers don't know what they  are talking about.  (50% of them 
graduated from law  school in the bottom half of their class.)
2.  The  laws in most states protect FSBOs.  You are not a  professional.  
You do not have a license.  You are  trying to do things right.
3.  The starting price in  an "or best offer" ad is not legally binding.
4.   Nobody actually "sells" their home until the  "closing".
5.  All you are really trying to do is  "make a deal" Sunday night--and you 
make a non-binding  promise to strike that deal with the high  bidder.
6.  The buyer can back out of the deal right  up to the closing.
7.  The seller can back out of  the deal right up to the closing.
8.  Numerous other  parties can kill the deal, even if the buyer and seller 
both  want to go through with it.

Nobody can get you the  price you want if the market will not support that  
price.  If you use the 5-Day Method you can get the  current market price 
in 5-Days--every time--if you just  stick closely to the method.  The method 
"succeeds"  every time for those who use it properly.  The negative  
comments you read on this forum come from people who blame  the market for their 
mistakes.  They all could have  sold their homes in 5 Days if they were 
prepared to take the  current market value. 

You can, too.  You are  well on your way.  I wish you could get today what 
you  could have gotten for your home 3 years ago.  But you  can't.  And no 
one else can either.

5-Day Sales  are emotionally draining.  They compress a lot of major  
financial decisions into a short time frame.  It would  appear you are well on 
your way to being able to sell your  home in 5-Days, provided only you work 
out any difference  between the current market value and the least you are 
able  to take.  If you view your 5-Day Sale through this lens  you will be 
offered the most anyone will offer for your home  at this time.

Decide now if you are going to take the  offer.  If not, do not follow 
through with the  Inspection and Round Robin--do something else Friday  
night--you are still far ahead of the game at minimal  cost.

Bill  Effros
Author








_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)  wrote:  
Just thought I'd jump in here...I certainly am not a  pro...but I placed an 
ad on Craigslist today and received  7 responses...Is that good? 
 
So far, between flyers, an ad in the newspaper, and  Craigslist I have 13 
responders in one day? I am hoping  and praying for at least 40 by Friday 
night, with a  minimum of the necessary 25. 
 
This process is a little scary. I was hoping to find  more encouragement on 
this Forum. I understand telling the  bad with the good. But when you are 
doing something  that you are already fearful about...it sure would be good  
to have a little more assurance of the truth.
 
The truth is until a formal contract is signed  neither I nor the buyer are 
bound to the bidding  process.--is that true?
 
The truth is if this process doesn't work...I have  the names and numbers 
of realtors...investors...and  individuals who have expressed interest in my 
home that I  can respond back to at a later time--is that true?
 
The truth is if I commit to this process...I will  know by Sunday evening a 
very close estimate to what  buyers say the value of my home is for that 
time and  date...and I have the choice to either accept or reject  their 
evaluation...of course with the understanding that I  WILL take the highest bid 
Sunday evening, as long as it  meets the banks highest bid of what I owe on 
it--is that  true?
 
Please encourage me! This process is daunting the  first time and just need 
a little encouragement from  anyone who has had success.
 
Julie from Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Agreed.

But  it tells you everything you need to know.

If you  want to sell it now you can only get the current market  price.  No 
one can say if that price will be higher  or lower 3 months from now, or 6 
months from  now.

You can play around with 5 Day ads on  Craigslist for nothing.

Always start them late  Tuesday night.  If you don't have 2 or 3 responses  
by noon Wednesday, pull the ad and think over what that  means.  It doesn't 
necessarily mean you can't sell  your home, and it doesn't necessarily mean 
you can't get  twice the starting price.

But would you take  twice the starting price? or 90% of what you are hoping 
 for?  or 80%?

At 1/2 current market price  there should be a lot of enthusiasm, and the 
fast hit  you get on Craigslist means failing to get 2 or 3  responses by 
noon Sunday must be interpreted as not  enough enthusiasm.

I know you have been honestly  trying to work this out, and you know I have 
never seen  a housing market situation like the one we're in.   I'll keep 
thinking out loud with you, if you like.   At some point you'll know what you 
have to  do.

Bill Effros
Author

j crafor  wrote:  
Agents here will NOT list for 3 months, unless there  is an automatic 3 
month extension. THEN, according to  one contract I read, there is ANOTHER 
three months  beyond that that the seller cannot sell to anyone  without giving 
the agent a commission, UNLESS it was  re-listed with another agent. This 
was a contract from  the agent that I had been working with for 15 years.  

That IS correct, which is why I decided  to do FSBO. 

The last agent that I talked  to, showed the house to at the open houes,  
immediately wanted to list it, 7.5% commission, 9  month listing....
No thanks. 

 
____________________________________
Date: Wed, 5 Aug 2009 10:34:07 -0400
From: _bill at effros.com_ (mailto:bill at effros.com) 
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your  home is in a place where it has become extremely  difficult to sell 
homes -- at any price.  Nobody  knows what they are worth at this time.  List 
 with an agent for a limited time period -- let's say 3  months.  See what 
happens.  Let us  know.

I believe we are headed for a lot of  inflation.  Homes in some places will 
start to  rise in selling price.  But other homes will  never be sold at 
any price.

Just my opinion --  this is not my area of expertise.

Bill  Effros
Author

j crafor wrote:  
I had only one response for the 5day from  Craigslist, and more for the 
standard open house on  Craigslist.
Was considering doing a 5day this  coming weekend (in Tucson) but will have 
a standard  open house instead.  Sort of considering  listing with an 
agent...
JCrafor

 
____________________________________
From: _Janetislight at aol.com_ (mailto:Janetislight at aol.com) 
Date:  Wed, 5 Aug 2009 09:24:53 -0400
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last  weekend

Yes, it would be interesting to know how to do  this on Craigslist, since I 
has zero responses from  an ad placed as laid out in the book.
 
Janet
 
 
 
In a message dated 8/4/2009 5:54:54 P.M.  Central Daylight Time, 
_bill at effros.com_ (mailto:bill at effros.com)   writes:

Sue,

You  already understand most of what you've got to  know.

The big change in the 4th edition is  that it is now possible to run a 
5-Day sale with  zero advertising cost.

All you need is  Craigslist.

Start your home at  $24,500.  I know.  It sounds  crazy.

But you know you'll get more than 25  responses by Friday night, and some 
people who say  they will never leave St. Louis are going to drive  out just 
to see what's going on.  You will  get the most you can get for your home at 
the  present time.

I have started at absurd  prices many times. Literally a zillion people 
show  up, and you must be ready for them.  There is  no question that most of 
them cannot or will not  pay what you are hoping for.  But so  what?  3 
people who know what your home is  currently worth will pop out of the crowd, bid 
 against each other, and you will get the most you  can get for your home 
on the weekend you  pick.

Enough people have computers so that  you no longer have to take telephone 
calls.   You can do everything on the web -- and the  response is 
instantaneous.

Prepare  materials to email back to people before placing  the ad.  You can 
send pictures.  You can  explain in detail how you will run the sale.   
Because you get to write it all out in advance,  you can be sure everyone gets 
the same  information, and you can be sure you have said  exactly what you 
want to say.

I can't tell  you exactly what materials to provide in response  to 
Craigslist inquiries because I don't know  yet.  I do know you will get an 
overwhelming  number of responses, and virtually everyone  looking for a home like 
yours will know yours is  available and REALLY will be sold to the high  
bidder Sunday night.

Unlike Bill, your home  can certainly be sold at this time.  Just  like 
Bill, you can know exactly what you've got to  do in just 5 Days at no cost.

If you start  to develop "stock" internet responses to  Craigslist, let us 
know what they are, and how  they worked.

The Craigslist headline and  body copy work differently than newspaper 
5-Day  Ads.  Again, let us know what  works.

Also, watch the resubmission rules  -- you don't want' to get frozen out of 
Craigslist  in the middle of your 5-Day Sale.  I  generally try to run one 
ad starting Tuesday night  and deleting Thursday.  And an updating ad  
running Friday Saturday and Sunday.  You  should have 25 responses by Thursday  
night.

Let us know how it goes.   You're on the right track.

Bill  Effros
Author



Sue Pruett  wrote:  
I am a big fan of this method.  We  used the first book back in 1995 to 
sell our  first house, and it worked great!  I always  knew we would use this 
method for our second  house.  Well, the time has come to sell our  second 
house!  I purchased the book just  about a month ago.  However, I didn't  
realize there was a third edition until about  two weeks ago.  The seller didn't 
inform me  of this fact!  I'm sure there is a lot in  the third edition 
that would have been helpful  to us!
 
Well, here's where our story stands right  now.  
 
We live in Southern Illinois, across the  Mississippi from St. Louis.  
Homes in our  neighborhood have been selling in the upper  $80's in the past 4 
months.  When we  compare our home to these, some things are  better in ours, 
some are worse.  Ours is  larger than any of them.  We had hoped to  get 
about $90K, but would have been more than  satisfied with $85K.  
 
We tried the sale two weeks ago with ads in  the only daily in town.  We 
got 4  calls.  We postponed the sale.  We  were able to advertise in two 
weeklies, in  addition to the daily.  We broke a big rule  - we only had 17 calls 
by Friday, but went ahead  with the sale.  At least 12 of our callers  were 
so excited about the house, we thought we  were good to go.  Don't break 
that  rule!  We only had 5 families come to look,  and only two bidders, and 
one could not  afford our starting price.  We did get a  $75K offer, and we 
agreed to sell it to  her.
 
The other thing we did was start at  $74,500, because we were scared to 
start  lower.  I'm sure this also contributed  to fewer callers.  We arent' 
sure the  current buyer is going to come through.  We  should know by tonight.  
If she doesn't, we  are purchasing the third edition of the book,  and 
doing it right!  We'll start at  $49,500, and we'll utilize the other 
advertising  methods discussed in the third edition.  I  almost wish the fourth 
edition was already out,  as I'm worried we are behind the times with the  
internet advertising.  
 
I know I've gone on a long time, but I  do have a question - can anyone 
point me to  which internet advertising you all use.   I've never used anything 
but ebay to sell over  the internet, and not for something like a  house!   
 I'd just like to get a  picture of how internet advertising works.   
Thanks so much for sticking with my  story!


Sue Pruett
32950 Delhi  Road
Brighton, IL   62012
618-372-3501
Visit my blogs at _http://www.thecharlottemasongirl.com/_ 
(http://www.thecharlottemasongirl.com/) 
and _http://www.illinoisgreenhome.com_ (http://www.illinoisgreenhome.com/) 
and _http://parentingwithstyle.blogspot.com/_ 
(http://parentingwithstyle.blogspot.com/) 
 
 
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From juliegorman at bellsouth.net  Sun Aug  9 18:32:51 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Sun, 09 Aug 2009 22:32:51 +0000
Subject: [5-DayForum] 292 contacts!!!!
In-Reply-To: <cf0.600a4fa8.37b09f7b@aol.com>
Message-ID: <080920092232.15255.4A7F4E90000ACE3A00003B9722228869349B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

Trying to breathe but I feel like I'm about to puke up my toes with excitement! I actually miscounted...I have 46 bidders. I hope to get through this process tonight...but am not going to be too anxious. I will take a very cool, calm approach.

Thanks for reminding me to breathe...I don't think I've done that since about 2:00 this afternoon...no wonder I feel so light headed! LOL!

I'll let you know how it goes! 

Julie from Kentucky
-------------- Original message from Janetislight at aol.com: -------------- 


Take a moment for a big breath.  You want to be calm and collected for your round robin.  Honestly, I don't think that you are going to get it done tonight.

Good luck!!!

Janet

In a message dated 8/9/2009 4:52:28 P.M. Central Daylight Time, juliegorman at bellsouth.net writes:



Yes you heard me...I'm exhausted but excited. 292 contacts, 45 bids, and the round robin ahead! AGGGHHHHH! High bid at $285,000 with everyone knowing that it was only to position them to be part of the bidding process and where they would be placed in the call! 

I don't have time to share any more information but will let you know how it turns out. 2 hours until round robin and I have a lot to do!

I'm selling my home...TONIGHT! :)
Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Nice going Julie!

Your sale will be the model for the 4th edition of the book, and we all hope you will give us a complete account of everything you feel you did right, and everything you feel you did wrong, when you have the time.

But for right now, you must stick to your knitting.

You know how tired you are now.  You must pace yourself tomorrow to ensure you are sharp for the round-robin.  It will be more of the same, and you will not know who the real buyers are until the end of the round-robin.

You have run a successful 5-Day Sale.  Virtually everyone in your community knows you will sell your home tomorrow night.  Play fair and you will locate the 3 best buyers for your home at this time.

The current high bid is quite high for a Saturday night, but has no bearing on the final offer.  You will get a fair offer at the end of the day.

You may get too many bidders to be able to finish the Round-Robin on Sunday night.  Start exactly at 8:00.  Call the high bidder, explain the situation carefully.  The high bidder must understand they can raise their own bid, or just sit on it.  They are the only bidder who effectively gets 2 bids in the first round.  They are the only bidder who can fail to raise the bid, and still get another call.  Unless the high bid is a preemptive bid, far above all the other bids, it is extremely unlikely that the high bid will remain the high bid at the end of the first round.  Unless the high bidder chooses to make an even higher bid before anyone else gets the chance.

Preemptive bids are almost always good for the buyer and bad for the seller, even though we all rejoice when we meet or exceed our price expectations.  But it is not for you to put your thumb on the scale.  Talk to the bidders.  Get to know them better.  Spend time with them.  They spent time with you, it is the least you can do.

The Round-Robin is not a race.  Don't do it fast.  Do it well. Plan to stop around 9:30, no matter what.  Some people just can't function well after that hour, and it is dumb to lose a good buyer because you are a night-person and they are a day-person.

On average, expect to spend 5 minutes per bidder.  You may talk to the high bidder for 15 minutes, but as you go down the list, some people will drop out immediately, and it should average out to around 5 minutes per bidder in the first round.  So, if you have 30 bidders (and you might) at 5 minutes per bidder, it will be 9:30 by the end of the first round.  Explain to everyone that you anticipate extending the Round-Robin after tonight (but that nobody new will be able to get into the bidding no matter how good their story.)  And tell all bidders who remain in the bidding that you will call them again Sunday night to let them know the status, and to work out a time for the next round of the round-robin that works for everyone.

"How to Sell Your Home in 5-Days" is a good name for a book -- but you are not bound by it.  It's great that 132 people contacted you at a time when others don't get a single contact in a year -- but that is not the point of this exercise.

Cull that list down to the three best, and then work with ALL THREE!  The best deal you can possibly get at this time is somewhere in this mix, and now, you must find it.

No matter what the final offer, offer to sell your home to the high bidder Sunday night.  Let the other 2 top bidders (and more if they are all bunched together within a few thousand dollars of each other) know the status, know that you don't know the high bidder any better than you know the bidder you are talking to, that the higher bidder may drop out, for any reason, that your bank may refuse to take the high bid...in short, that anything can happen from this point forward, but that you are going to honor the terms of your 5-Day Sale by offering your home to the high bidder as promised, and that if the high bidder does not go through with the deal, you will offer your home to other high bidders who are so close to the high bid that it would be silly for you to run another 5-Day Sale instead of just taking the next fair bid.

Then you must move as fast as possible.  When you "sell" your home in 5-Days, you have not really "sold" it.  All you have done is to accept a verbal, non-binding offer.  The offer is not binding on either side.  That is what contracts are for.  That is what a closing is for.  Whether you like the final offer, or not, you must move quickly to nail down the terms.  If the final offer is lower than your mortgage, and you are not willing to make up the difference, take the offer to your bank and see if they will accept less than the outstanding amount of your loan.  In these times they might, but their answer is of little concern to you.  Either they do, or they don't.  And you must know, right away, so you will know what to do next.

If they do, get the contract signed as fast as you can, and let the other top bidders know exactly what is happening.  (This you continue to do in any case until you have the buyers money in your hands--then you call all the people you have been talking to, and let them all know the house has actually been sold.  Until then, everything is a "maybe" and everyone still has a chance.)

If the bank does not accept a low offer, you must figure out what you are going to do next.  You took risks, and spent a lot of time and effort to locate the best possible deal for your home at this time.  Work with the best buyers.  See if you can't find some other deal that everyone can accept.  If not, you just can't sell your home right now, no matter what you do.  But more likely, someone in the mix wants your home for the most anyone will pay for it at this time, and you and the buyer can together find some way to make that work.  It may be the top bidder.  It may be the second.  It may be the fifth.  It may be someone who didn't bid at all.

But you now have a very realistic view of what your home can bring at this time.  You have a large number of real buyers who want to buy your home.  If it is possible to sell your home right now, you will be able to do so, and you will get the most anyone can get for your home at this time.

Everyone is rooting for you, and inspired by your success.  There are literally hundreds of people on this list.  If you have questions, post them, and I'm sure you'll have an answer from one of the "regulars" in time to use the advice.

Play fair, be yourself, and you will do fine.  The 5-Day Method cannot change the market, but it can help you find the 3 people most likely to buy your home for a fair price.  You have clearly succeeded in doing that.  Now all you have to do is follow through.  Remember that you are not bound by the title of the book.  This is not a contest.  All you are trying to do is sell your home, right now, for the most you can possibly get.

Again, congratulations!  

Bill Effros
Author









juliegorman at bellsouth.net wrote: 
AMAZING DAY! 132 phone calls...yes 132 viable realistic potetial buyers! Can't even begin to tell you how many showed today! Expecting even more tomorrow! Another large ad runs tomorrow to over 500,000 customer based circulation! 

The response is UNBELIEVABLE! WOW! 

Little nervous...the bids seem low...but...I know tomorrow is another day and the round robin is still ahead.

We priced our home at $199,500...current bid $276,000...our house appraises at $425,000 willing to take the high bid come Sunday, but just curious if this low bid is normal at this time in the sale?

Thanks...I'm selling my home tomorrow! :)
Julie from Kentucky
-------------- Original message from Janetislight at aol.com: -------------- 


Let us know how it goes!!!

Janet

In a message dated 8/8/2009 7:43:12 A.M. Central Daylight Time, juliegorman at bellsouth.net writes:



52 SO FAR...our open house is in 1 1/2 hours...YIPPPEE!!!! HERE WE GO! This is SOOOOOO FUN! Last night we had someone offer to bring us a check today...just like Bill said they would. We had people showing up wanting to see the house...just like Bill said they would...

I can't wait for it to turn out with an acceptable price Sunday night...just like Bill says it will!

:)

I know God is going to bless this open house and sale this weekend.

Julie From Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I would start contacting people now.  Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"

I like busy sales because you never get bored, and you don't start second guessing yourself.

Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.

Make sure you have enough help, and that everyone is singing the same tune.

Don't think you can spot the real buyers in the crowd.  You can't.

People will be testing you to see if you're honest.  Be yourself.  They're just people, and one of them is going to buy your home.

Pace yourself.

Keep the cards and letters coming,

Bill Effros
Author

juliegorman at bellsouth.net wrote: 
YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 

>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?

Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)

I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 

I'm SELLING MY HOUSE SUNDAY! YAHOO!

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I have always given the address immediately.  In the old days that would result in lines of cars circling the house before the sale, but so what?  Nobody got in the front door before 10 on Saturday.

The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.  The Method I pass on has worked best for the most people.  That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

Using the traditional method, people were not averaging 1 response per week.  Now you have 17 people to talk to in less than 2 days.  There is a fair deal somewhere in this mix, and all you have to do is find it.

Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest price.  There is absolutely nothing wrong with that.  Every seller wants to sell for the highest possible price.  There is absolutely nothing wrong with that, either.  Most people are incredibly honest, and that honesty has an aura anyone can pick up.  And they pick up your aura, too.

If you can establish trust in what you are doing, real buyers will step up and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are buying foreclosures from banks at 60% of current value.  They don't need your home at this time.  Most of the people who attend your sale will be a lot like you.  Treat them as you would want to be treated.

It is a whole lot of work for 5 days, but you can always make it pay off.  You are well on your way.

Bill Effros
Author



juliegorman at bellsouth.net wrote: 
YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?

Julie
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 
Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 
Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 
I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

Janet


In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 
I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

Well, here's where our story stands right now.  

We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/



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From Janetislight at aol.com  Sun Aug  9 20:03:47 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Sun, 9 Aug 2009 20:03:47 EDT
Subject: [5-DayForum] 292 contacts!!!!
Message-ID: <c61.519c869d.37b0bde3@aol.com>

I'm really anxious as to how your sale turns out.   As I said  before, I 
have sold a house on Craig's, but it had pictures and a fairly  detailed 
description as yours did.  I think this tweak in the method is  what we have been 
looking for.
 
Still waiting on your results.  Don't rush because of me, but don't  forget 
about me either!!!
 
 
Janet
 
 
In a message dated 8/9/2009 5:33:59 P.M. Central Daylight Time,  
juliegorman at bellsouth.net writes:




Trying to breathe but I feel like I'm about to puke up my toes with  
excitement! I actually miscounted...I have 46 bidders. I hope to get through  this 
process tonight...but am not going to be too anxious. I will take a very  
cool, calm approach.
 
Thanks for reminding me to breathe...I don't think I've done that since  
about 2:00 this afternoon...no wonder I feel so light headed! LOL!
 
I'll let you know how it goes! 
 
Julie from Kentucky

--------------  Original message from Janetislight at aol.com: -------------- 

Take a moment for a big breath.  You want to be calm and collected  for 
your round robin.  Honestly, I don't think that you are going to  get it done 
tonight.
 
Good luck!!!
 
Janet
 
 
In a message dated 8/9/2009 4:52:28 P.M. Central Daylight Time,  
juliegorman at bellsouth.net writes:




Yes you heard me...I'm exhausted but excited. 292 contacts, 45 bids,  and 
the round robin ahead! AGGGHHHHH! High bid at $285,000 with everyone  knowing 
that it was only to position them to be part of the bidding  process and 
where they would be placed in the call! 
 
I don't have time to share any more information but will let you know  how 
it turns out. 2 hours until round robin and I have a lot to do!
 
I'm selling my home...TONIGHT! :)
Julie from Kentucky

--------------  Original message from Bill Effros <bill at effros.com>:  
-------------- 

Nice  going Julie!

Your sale will be the model for the 4th edition of  the book, and we all 
hope you will give us a complete account of  everything you feel you did 
right, and everything you feel you did  wrong, when you have the time.

But for right now, you must stick  to your knitting.

You know how tired you are now.  You must  pace yourself tomorrow to ensure 
you are sharp for the  round-robin.  It will be more of the same, and you 
will not know  who the real buyers are until the end of the round-robin.

You  have run a successful 5-Day Sale.  Virtually everyone in your  
community knows you will sell your home tomorrow night.  Play fair  and you will 
locate the 3 best buyers for your home at this  time.

The current high bid is quite high for a Saturday night,  but has no 
bearing on the final offer.  You will get a fair offer  at the end of the day.

You may get too many bidders to be able to  finish the Round-Robin on 
Sunday night.  Start exactly at  8:00.  Call the high bidder, explain the 
situation carefully.   The high bidder must understand they can raise their own 
bid, or just  sit on it.  They are the only bidder who effectively gets 2 bids 
in  the first round.  They are the only bidder who can fail to raise  the 
bid, and still get another call.  Unless the high bid is a  preemptive bid, 
far above all the other bids, it is extremely unlikely  that the high bid will 
remain the high bid at the end of the first  round.  Unless the high bidder 
chooses to make an even higher bid  before anyone else gets the chance.

Preemptive bids are almost  always good for the buyer and bad for the 
seller, even though we all  rejoice when we meet or exceed our price 
expectations.  But it is  not for you to put your thumb on the scale.  Talk to the  
bidders.  Get to know them better.  Spend time with  them.  They spent time with 
you, it is the least you can  do.

The Round-Robin is not a race.  Don't do it fast.   Do it well. Plan to 
stop around 9:30, no matter what.  Some people  just can't function well after 
that hour, and it is dumb to lose a good  buyer because you are a 
night-person and they are a  day-person.

On average, expect to spend 5 minutes per  bidder.  You may talk to the 
high bidder for 15 minutes, but as you  go down the list, some people will drop 
out immediately, and it should  average out to around 5 minutes per bidder 
in the first round.  So,  if you have 30 bidders (and you might) at 5 
minutes per bidder, it will  be 9:30 by the end of the first round.  Explain to 
everyone that  you anticipate extending the Round-Robin after tonight (but 
that nobody  new will be able to get into the bidding no matter how good their  
story.)  And tell all bidders who remain in the bidding that you  will call 
them again Sunday night to let them know the status, and to  work out a 
time for the next round of the round-robin that works for  everyone.

"How to Sell Your Home in 5-Days" is a good name for a  book -- but you are 
not bound by it.  It's great that 132 people  contacted you at a time when 
others don't get a single contact in a year  -- but that is not the point of 
this exercise.

Cull that list  down to the three best, and then work with ALL THREE!  The 
best  deal you can possibly get at this time is somewhere in this mix, and  
now, you must find it.

No matter what the final offer, offer to  sell your home to the high bidder 
Sunday night.  Let the other 2  top bidders (and more if they are all 
bunched together within a few  thousand dollars of each other) know the status, 
know that you don't  know the high bidder any better than you know the bidder 
you are talking  to, that the higher bidder may drop out, for any reason, 
that your bank  may refuse to take the high bid...in short, that anything can 
happen  from this point forward, but that you are going to honor the terms 
of  your 5-Day Sale by offering your home to the high bidder as promised,  
and that if the high bidder does not go through with the deal, you will  
offer your home to other high bidders who are so close to the high bid  that it 
would be silly for you to run another 5-Day Sale instead of just  taking the 
next fair bid.

Then you must move as fast as  possible.  When you "sell" your home in 
5-Days, you have not really  "sold" it.  All you have done is to accept a 
verbal, non-binding  offer.  The offer is not binding on either side.  That is 
what  contracts are for.  That is what a closing is for.  Whether  you like the 
final offer, or not, you must move quickly to nail down the  terms.  If the 
final offer is lower than your mortgage, and you are  not willing to make 
up the difference, take the offer to your bank and  see if they will accept 
less than the outstanding amount of your  loan.  In these times they might, 
but their answer is of little  concern to you.  Either they do, or they 
don't.  And you must  know, right away, so you will know what to do next.

If they do,  get the contract signed as fast as you can, and let the other 
top  bidders know exactly what is happening.  (This you continue to do  in 
any case until you have the buyers money in your hands--then you call  all 
the people you have been talking to, and let them all know the house  has 
actually been sold.  Until then, everything is a "maybe" and  everyone still has 
a chance.)

If the bank does not accept a low  offer, you must figure out what you are 
going to do next.  You took  risks, and spent a lot of time and effort to 
locate the best possible  deal for your home at this time.  Work with the best 
buyers.   See if you can't find some other deal that everyone can accept.  
If  not, you just can't sell your home right now, no matter what you  do.  
But more likely, someone in the mix wants your home for the  most anyone will 
pay for it at this time, and you and the buyer can  together find some way 
to make that work.  It may be the top  bidder.  It may be the second.  It 
may be the fifth.  It  may be someone who didn't bid at all.

But you now have a very  realistic view of what your home can bring at this 
time.  You have  a large number of real buyers who want to buy your home.  
If it is  possible to sell your home right now, you will be able to do so, 
and you  will get the most anyone can get for your home at this  time.

Everyone is rooting for you, and inspired by your  success.  There are 
literally hundreds of people on this  list.  If you have questions, post them, 
and I'm sure you'll have  an answer from one of the "regulars" in time to use 
the  advice.

Play fair, be yourself, and you will do fine.  The  5-Day Method cannot 
change the market, but it can help you find the 3  people most likely to buy 
your home for a fair price.  You have  clearly succeeded in doing that.  Now 
all you have to do is follow  through.  Remember that you are not bound by 
the title of the  book.  This is not a contest.  All you are trying to do is  
sell your home, right now, for the most you can possibly  get.

Again, congratulations!  

Bill  Effros
Author









_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)   wrote:  
AMAZING DAY! 132 phone calls...yes 132 viable realistic potetial  buyers! 
Can't even begin to tell you how many showed today! Expecting  even more 
tomorrow! Another large ad runs tomorrow to over  500,000 customer based 
circulation! 
 
The response is UNBELIEVABLE! WOW! 
 
Little nervous...the bids seem low...but...I know tomorrow is  another day 
and the round robin is still ahead.
 
We priced our home at $199,500...current bid $276,000...our house  
appraises at $425,000 willing to take the high bid come Sunday, but  just curious if 
this low bid is normal at this time in the sale?
 
Thanks...I'm selling my home tomorrow! :)
Julie from Kentucky

--------------  Original message from _Janetislight at aol.com:_ 
(mailto:Janetislight at aol.com:)   -------------- 

Let us know how it goes!!!
 
Janet
 
 
In a message dated 8/8/2009 7:43:12 A.M. Central Daylight Time,  
_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)   writes:



52 SO FAR...our open house is in 1 1/2 hours...YIPPPEE!!!!  HERE WE GO! 
This is SOOOOOO FUN! Last night we had someone offer  to bring us a check 
today...just like Bill said they would. We had  people showing up wanting to see 
the house...just like Bill said  they would...

I can't wait for it to turn out with  an acceptable price Sunday 
night...just like Bill says  it will!
 
:)
 
I know God is going to bless this open house and sale this  weekend.
 
Julie From Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Julie,

I would start  contacting people now.  Tell them you didn't want to give  
out your address until you were sure you would get 25 responses  by Friday 
night, and now you have 28 so you are going to tell  everyone "it's a go!"

I like busy sales because you never  get bored, and you don't start second 
guessing  yourself.

Let them all know you're going to sell your  home to the high bidder Sunday 
night, and that they are bidding  against each other, not against you.

Make sure you have  enough help, and that everyone is singing the same  
tune.

Don't think you can spot the real buyers in the  crowd.  You can't.

People will be testing you to see  if you're honest.  Be yourself.  They're 
just people,  and one of them is going to buy your home.

Pace  yourself.

Keep the cards and letters coming,

Bill  Effros
Author

_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)  wrote:  
YAHOO! I have 28 calls now...guess that means I'm holding  a sale come 
Sunday. 
 
>From your last letter Bill it sounded like it  would be ok for me to 
contact the individuals and let them  know the address; is that right? If I do...I 
guess that means  I can begin giving out the physical location to future 
callers  as well. Or should I just continue doing what I'm doing and  call 
everyone tomorrow night as I originally said I would--I  don't want them to 
think I'm changing the rules as I go. Any  advice?
 
Thus far (and it's only Thursday afternoon where I live)  I have received 
16 calls from Craig's list, 9 from Flyers, and  3 from ads. The ads we're 
running on Saturday and Sunday will  be front page of the courier journal (we 
lucked out with some  open spaces...again yahoo). there readership is 400,000 
on the  weekends...Is it possible we could have too many  people show up? I 
guess I'd love to have to face that hurdle!  :)
 
I have been praying very feverishly, following Bill's  advice, and 
believing God is really going to bless this sale!  Thanks for all the recent 
encouragement. I'll keep you posted  as I go! 
 
I'm SELLING MY HOUSE SUNDAY! YAHOO!
 
Julie from Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Julie,

I have  always given the address immediately.  In the old days  that would 
result in lines of cars circling the house before  the sale, but so what?  
Nobody got in the front door  before 10 on Saturday.

The whole idea here is that  you sell your home in 5 days for the most you 
can possibly  get on the day you pick.  The Method I pass on has  worked 
best for the most people.  That doesn't mean  that individual variations can't 
work out, only that I have  heard about a lot of sales, and tried to come up 
with one  coherent explanation that has had the greatest success  ratio.

Using the traditional method, people were not  averaging 1 response per 
week.  Now you have 17 people  to talk to in less than 2 days.  There is a fair 
deal  somewhere in this mix, and all you have to do is find  it.

Take Rosemarie's advice to heart.  Every  buyer wants to buy for the lowest 
price.  There is  absolutely nothing wrong with that.  Every seller wants  
to sell for the highest possible price.  There is  absolutely nothing wrong 
with that, either.  Most  people are incredibly honest, and that honesty has 
an aura  anyone can pick up.  And they pick up your aura,  too.

If you can establish trust in what you are  doing, real buyers will step up 
and talk to you.   Listen to everyone.  Treat everyone well.  The  sharks 
are buying foreclosures from banks at 60% of current  value.  They don't need 
your home at this time.   Most of the people who attend your sale will be a 
lot like  you.  Treat them as you would want to be  treated.

It is a whole lot of work for 5 days, but  you can always make it pay off.  
You are well on your  way.

Bill Effros
Author



_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)  wrote:  
YEAH! Up to 17 so far...9 from Craig's list...3 from  ads...5 from flyers. 
So far everyone is really excited and  can't wait to find out our address. I 
did run into a  situation where 2 of the potential buyers really wanted an  
address because they are looking in my area today...but I  held to our 
position that we are trying to be fair to all  potential buyers so we are not 
releasing our physical  location until Friday evening but that I would contact 
 them by phone Friday evening with directions. They seemed  frustrated, 
again only 2 out of 17, but should I have  given them more info?
 
Julie

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Julie,

The  process is daunting in the best of times -- whether you  do it by 
yourself or not.

7 responses from  Craigslist is a good sign.

It does not mean you  will get what you are hoping for.

It does mean  there are plenty of people interested in buying your  home at 
the current market value.

Stop hoping and  praying for 40 responses by Friday night.  Whether  you 
get 25 or 52 doesn't really matter.  The fact  that you got 7 from Craigslist 
immediately is the best  news you could get.

If it doesn't fill out to 25  by Friday night you must know what you are 
going to  do.  You are not going to say "well, 23 is good  enough."

You have only 2 viable options -- either  you tell everyone who has 
responded that you are going  to run the sale next weekend if you get the rest of 
the  responses you need, or you are going to tell everyone  that you cannot 
sell your home at this time using this  method, but you are still interested 
in selling your  home.

So, at the end of day 3, if you had  advertised solely in Craigslist, you 
would have spent  nothing, but you would know a lot more than if you had  
signed up with a broker for 6 months or a  year.

If you decide not to sell your home in  5-Days at this time, and no one 
else responds, you have  located 13 potential buyers at virtually no cost.   
Very few brokers bring 13 potential buyers to any home  for sale in a year -- 
good times or bad -- and their  contracts stipulate that they "own" those 
buyers, even  if the buyer later buys directly from you at a price  
substantially lower than the price listed in the  contract, the broker still gets a  
commission.

Work with the 13 potential  buyers.  Talk to them.  Email them.  Be  
completely honest with them.  See if you can find a  fair deal with any of them.

If not, wait 3 months  and start the 5-Day Method again, to see if the 
market  is any better.

If you locate 25 potential real  buyers, and you decide to run your 5-Day 
Sale, you must  commit, in your own mind, to following through on Sunday  
night.  Buyers can hear from your answers whether  you are truly going to sell 
to the high bidder, or if  you view the 5-Day Method as just a "bait and  
switch".  If it sounds like a "bait and switch" the  real buyers will head for 
the exit without ever leaving  a bid.  You would, too.  You can't get the  
highest possible bid without honestly committing to the  sale.

Here we get to a tricky part -- I am not  your lawyer.  And just as I 
cannot sell Janet's  house for her without putting myself in peril, I also  
cannot give you legal advise without putting myself in  peril.

Let me just state some  facts:

1.  A lot of lawyers don't know what  they are talking about.  (50% of them 
graduated  from law school in the bottom half of their  class.)
2.  The laws in most states protect  FSBOs.  You are not a professional.  
You do  not have a license.  You are trying to do things  right.
3.  The starting price in an "or best  offer" ad is not legally binding.
4.  Nobody  actually "sells" their home until the  "closing".
5.  All you are really trying to do  is "make a deal" Sunday night--and you 
make a  non-binding promise to strike that deal with the high  bidder.
6.  The buyer can back out of the deal  right up to the closing.
7.  The seller can back  out of the deal right up to the closing.
8.   Numerous other parties can kill the deal, even if the  buyer and 
seller both want to go through with  it.

Nobody can get you the price you want if the  market will not support that 
price.  If you use the  5-Day Method you can get the current market price in 
 5-Days--every time--if you just stick closely to the  method.  The method 
"succeeds" every time for those  who use it properly.  The negative comments 
you  read on this forum come from people who blame the market  for their 
mistakes.  They all could have sold their  homes in 5 Days if they were 
prepared to take the  current market value. 

You can, too.  You  are well on your way.  I wish you could get today  what 
you could have gotten for your home 3 years  ago.  But you can't.  And no 
one else can  either.

5-Day Sales are emotionally  draining.  They compress a lot of major 
financial  decisions into a short time frame.  It would appear  you are well on 
your way to being able to sell your home  in 5-Days, provided only you work 
out any difference  between the current market value and the least you are  
able to take.  If you view your 5-Day Sale through  this lens you will be 
offered the most anyone will offer  for your home at this time.

Decide now if you are  going to take the offer.  If not, do not follow  
through with the Inspection and Round Robin--do  something else Friday 
night--you are still far ahead of  the game at minimal cost.

Bill  Effros
Author








_juliegorman at bellsouth.net_ (mailto:juliegorman at bellsouth.net)   wrote:  
Just thought I'd jump in here...I certainly am  not a pro...but I placed an 
ad on Craigslist today and  received 7 responses...Is that good? 
 
So far, between flyers, an ad in the newspaper,  and Craigslist I have 13 
responders in one day? I am  hoping and praying for at least 40 by Friday 
night,  with a minimum of the necessary 25. 
 
This process is a little scary. I was hoping to  find more encouragement on 
this Forum. I understand  telling the bad with the good. But when you  are 
doing something that you are already fearful  about...it sure would be good 
to have a little more  assurance of the truth.
 
The truth is until a formal contract is signed  neither I nor the buyer are 
bound to the bidding  process.--is that true?
 
The truth is if this process doesn't work...I  have the names and numbers 
of  realtors...investors...and individuals who have  expressed interest in my 
home that I can respond back  to at a later time--is that true?
 
The truth is if I commit to this process...I will  know by Sunday evening a 
very close estimate to what  buyers say the value of my home is for that 
time and  date...and I have the choice to either accept or  reject their 
evaluation...of course with the  understanding that I WILL take the highest bid 
Sunday  evening, as long as it meets the banks highest bid of  what I owe on 
it--is that true?
 
Please encourage me! This process is daunting the  first time and just need 
a little encouragement from  anyone who has had success.
 
Julie from Kentucky

--------------  Original message from Bill Effros _<bill at effros.com>_ 
(mailto:bill at effros.com) :  -------------- 

Agreed.

But  it tells you everything you need to know.

If  you want to sell it now you can only get the current  market price.  No 
one can say if that price  will be higher or lower 3 months from now, or 6  
months from now.

You can play around with 5  Day ads on Craigslist for nothing.

Always  start them late Tuesday night.  If you don't  have 2 or 3 responses 
by noon Wednesday, pull the ad  and think over what that means.  It doesn't 
 necessarily mean you can't sell your home, and it  doesn't necessarily 
mean you can't get twice the  starting price.

But would you take twice the  starting price? or 90% of what you are hoping 
 for?  or 80%?

At 1/2 current market  price there should be a lot of enthusiasm, and the  
fast hit you get on Craigslist means failing to get  2 or 3 responses by 
noon Sunday must be interpreted  as not enough enthusiasm.

I know you have  been honestly trying to work this out, and you know  I 
have never seen a housing market situation like  the one we're in.  I'll keep 
thinking out loud  with you, if you like.  At some point you'll  know what 
you have to do.

Bill  Effros
Author

j crafor wrote:  
Agents here will NOT list for 3 months, unless  there is an automatic 3 
month extension. THEN,  according to one contract I read, there is ANOTHER  
three months beyond that that the seller cannot  sell to anyone without giving 
the agent a  commission, UNLESS it was re-listed with another  agent. This 
was a contract from the agent that I  had been working with for 15 years.  

That IS correct, which is why I  decided to do FSBO. 

The last agent  that I talked to, showed the house to at the  open houes, 
immediately wanted to list it, 7.5%  commission, 9 month listing....
No thanks.  

 
____________________________________
Date: Wed, 5 Aug 2009 10:34:07 -0400
From: _bill at effros.com_ (mailto:bill at effros.com) 
To:  _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last  weekend

JCrafor,

Your  home is in a place where it has become extremely  difficult to sell 
homes -- at any price.   Nobody knows what they are worth at this  time.  
List with an agent for a limited time  period -- let's say 3 months.  See what  
happens.  Let us know.

I believe we  are headed for a lot of inflation.  Homes in  some places 
will start to rise in selling  price.  But other homes will never be sold at  
any price.

Just my opinion -- this is not  my area of expertise.

Bill  Effros
Author

j crafor wrote:  
I had only one response for the 5day from  Craigslist, and more for the 
standard open house  on Craigslist.
Was considering doing a 5day  this coming weekend (in Tucson) but will have 
a  standard open house instead.  Sort of  considering listing with an  
agent...
JCrafor

 
____________________________________
From: _Janetislight at aol.com_ (mailto:Janetislight at aol.com) 
Date:  Wed, 5 Aug 2009 09:24:53 -0400
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Had a sale last  weekend

Yes, it would be interesting to know how to  do this on Craigslist, since I 
has zero  responses from an ad placed as laid out in the  book.
 
Janet
 
 
 
In a message dated 8/4/2009 5:54:54 P.M.  Central Daylight Time, 
_bill at effros.com_ (mailto:bill at effros.com)   writes:

Sue,

You  already understand most of what you've got to  know.

The big change in the 4th edition  is that it is now possible to run a 
5-Day sale  with zero advertising cost.

All you need  is Craigslist.

Start your home at  $24,500.  I know.  It sounds  crazy.

But you know you'll get more than  25 responses by Friday night, and some 
people  who say they will never leave St. Louis are  going to drive out just 
to see what's going  on.  You will get the most you can get for  your home 
at the present time.

I have  started at absurd prices many times. Literally a  zillion people 
show up, and you must be ready  for them.  There is no question that most  of 
them cannot or will not pay what you are  hoping for.  But so what?  3 
people  who know what your home is currently worth will  pop out of the crowd, 
bid against each other,  and you will get the most you can get for your  home 
on the weekend you pick.

Enough  people have computers so that you no longer have  to take telephone 
calls.  You can do  everything on the web -- and the response is  
instantaneous.

Prepare materials to email  back to people before placing the ad.  You  can 
send pictures.  You can explain in  detail how you will run the sale.  
Because  you get to write it all out in advance, you can  be sure everyone gets 
the same information, and  you can be sure you have said exactly what you  
want to say.

I can't tell you exactly  what materials to provide in response to  
Craigslist inquiries because I don't know  yet.  I do know you will get an  
overwhelming number of responses, and virtually  everyone looking for a home like 
yours will know  yours is available and REALLY will be sold to  the high 
bidder Sunday night.

Unlike  Bill, your home can certainly be sold at this  time.  Just like 
Bill, you can know exactly  what you've got to do in just 5 Days at no  cost.

If you start to develop "stock"  internet responses to Craigslist, let us 
know  what they are, and how they worked.

The  Craigslist headline and body copy work  differently than newspaper 
5-Day Ads.   Again, let us know what works.

Also,  watch the resubmission rules -- you don't want'  to get frozen out 
of Craigslist in the middle of  your 5-Day Sale.  I generally try to run  one 
ad starting Tuesday night and deleting  Thursday.  And an updating ad 
running  Friday Saturday and Sunday.  You should  have 25 responses by Thursday 
night.

Let  us know how it goes.  You're on the right  track.

Bill  Effros
Author



Sue  Pruett wrote:  
I am a big fan of this method.  We  used the first book back in 1995 to 
sell our  first house, and it worked great!  I always  knew we would use this 
method for our second  house.  Well, the time has come to sell our  second 
house!  I purchased the book just  about a month ago.  However, I didn't  
realize there was a third edition until about  two weeks ago.  The seller didn't 
inform me  of this fact!  I'm sure there is a lot in  the third edition 
that would have been helpful  to us!
 
Well, here's where our story stands right  now.  
 
We live in Southern Illinois, across the  Mississippi from St. Louis.  
Homes in our  neighborhood have been selling in the upper  $80's in the past 4 
months.  When we  compare our home to these, some things are  better in ours, 
some are worse.  Ours is  larger than any of them.  We had hoped to  get 
about $90K, but would have been more than  satisfied with $85K.  
 
We tried the sale two weeks ago with ads in  the only daily in town.  We 
got 4  calls.  We postponed the sale.  We  were able to advertise in two 
weeklies, in  addition to the daily.  We broke a big rule  - we only had 17 calls 
by Friday, but went ahead  with the sale.  At least 12 of our callers  were 
so excited about the house, we thought we  were good to go.  Don't break 
that  rule!  We only had 5 families come to look,  and only two bidders, and 
one could not  afford our starting price.  We did get a  $75K offer, and we 
agreed to sell it to  her.
 
The other thing we did was start at  $74,500, because we were scared to 
start  lower.  I'm sure this also contributed  to fewer callers.  We arent' s
ure the  current buyer is going to come through.  We  should know by tonight.  
If she doesn't, we  are purchasing the third edition of the book,  and 
doing it right!  We'll start at  $49,500, and we'll utilize the other 
advertising  methods discussed in the third edition.  I  almost wish the fourth 
edition was already out,  as I'm worried we are behind the times with the  
internet advertising.  
 
I know I've gone on a long time, but I  do have a question - can anyone 
point me to  which internet advertising you all use.   I've never used anything 
but ebay to sell over  the internet, and not for something like a  house!   
 I'd just like to get a  picture of how internet advertising works.   
Thanks so much for sticking with my  story!


Sue Pruett
32950 Delhi  Road
Brighton, IL   62012
618-372-3501
Visit my blogs at _http://www.thecharlottemasongirl.com/_ 
(http://www.thecharlottemasongirl.com/) 
and _http://www.illinoisgreenhome.com_ (http://www.illinoisgreenhome.com/) 
and _http://parentingwithstyle.blogspot.com/_ 
(http://parentingwithstyle.blogspot.com/) 
 
 
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From juliegorman at bellsouth.net  Mon Aug 10 00:10:17 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Mon, 10 Aug 2009 04:10:17 +0000
Subject: [5-DayForum] Final results!!!
In-Reply-To: <c61.519c869d.37b0bde3@aol.com>
Message-ID: <081020090410.13388.4A7F9DA6000A9F110000344C22216125569B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

Believe it or not...we received a total of 310 calls...way too many! Had 46 Bids. Came down between 2 bidders. 

Our final outcome...we sold our home for $350,000. Considerably less than we had hoped for...BUT...WE SOLD OUR HOME! 

We are moving to TEXAS. We don't have to clean our home for any more showings. We don't have to pay any more house payments. We don't have to pay a realtor. We have an escrow refund...and we are signing a contract tomorrow with the couple and our settlement agent! 

Praise be to our God. And a big thanks to all of you for your encouragement and especially to you Bill Effros for taking the time to write the book.

We will close within 30 days. The couple is already pre-approved! Looks like a perfect scenario to PROVE this method works every time!

May God bless each and every one of you! By the way, now...that all of this is over (Barring we get the check!)

 :0)  I'll be happy to share any tips that will help you be successful in your sale!

I SOLD MY HOME TONIGHT!
Julie From Kentucky




-------------- Original message from Janetislight at aol.com: -------------- 


I'm really anxious as to how your sale turns out.   As I said before, I have sold a house on Craig's, but it had pictures and a fairly detailed description as yours did.  I think this tweak in the method is what we have been looking for.

Still waiting on your results.  Don't rush because of me, but don't forget about me either!!!


Janet

In a message dated 8/9/2009 5:33:59 P.M. Central Daylight Time, juliegorman at bellsouth.net writes:



Trying to breathe but I feel like I'm about to puke up my toes with excitement! I actually miscounted...I have 46 bidders. I hope to get through this process tonight...but am not going to be too anxious. I will take a very cool, calm approach.

Thanks for reminding me to breathe...I don't think I've done that since about 2:00 this afternoon...no wonder I feel so light headed! LOL!

I'll let you know how it goes! 

Julie from Kentucky
-------------- Original message from Janetislight at aol.com: -------------- 


Take a moment for a big breath.  You want to be calm and collected for your round robin.  Honestly, I don't think that you are going to get it done tonight.

Good luck!!!

Janet

In a message dated 8/9/2009 4:52:28 P.M. Central Daylight Time, juliegorman at bellsouth.net writes:



Yes you heard me...I'm exhausted but excited. 292 contacts, 45 bids, and the round robin ahead! AGGGHHHHH! High bid at $285,000 with everyone knowing that it was only to position them to be part of the bidding process and where they would be placed in the call! 

I don't have time to share any more information but will let you know how it turns out. 2 hours until round robin and I have a lot to do!

I'm selling my home...TONIGHT! :)
Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Nice going Julie!

Your sale will be the model for the 4th edition of the book, and we all hope you will give us a complete account of everything you feel you did right, and everything you feel you did wrong, when you have the time.

But for right now, you must stick to your knitting.

You know how tired you are now.  You must pace yourself tomorrow to ensure you are sharp for the round-robin.  It will be more of the same, and you will not know who the real buyers are until the end of the round-robin.

You have run a successful 5-Day Sale.  Virtually everyone in your community knows you will sell your home tomorrow night.  Play fair and you will locate the 3 best buyers for your home at this time.

The current high bid is quite high for a Saturday night, but has no bearing on the final offer.  You will get a fair offer at the end of the day.

You may get too many bidders to be able to finish the Round-Robin on Sunday night.  Start exactly at 8:00.  Call the high bidder, explain the situation carefully.  The high bidder must understand they can raise their own bid, or just sit on it.  They are the only bidder who effectively gets 2 bids in the first round.  They are the only bidder who can fail to raise the bid, and still get another call.  Unless the high bid is a preemptive bid, far above all the other bids, it is extremely unlikely that the high bid will remain the high bid at the end of the first round.  Unless the high bidder chooses to make an even higher bid before anyone else gets the chance.

Preemptive bids are almost always good for the buyer and bad for the seller, even though we all rejoice when we meet or exceed our price expectations.  But it is not for you to put your thumb on the scale.  Talk to the bidders.  Get to know them better.  Spend time with them.  They spent time with you, it is the least you can do.

The Round-Robin is not a race.  Don't do it fast.  Do it well. Plan to stop around 9:30, no matter what.  Some people just can't function well after that hour, and it is dumb to lose a good buyer because you are a night-person and they are a day-person.

On average, expect to spend 5 minutes per bidder.  You may talk to the high bidder for 15 minutes, but as you go down the list, some people will drop out immediately, and it should average out to around 5 minutes per bidder in the first round.  So, if you have 30 bidders (and you might) at 5 minutes per bidder, it will be 9:30 by the end of the first round.  Explain to everyone that you anticipate extending the Round-Robin after tonight (but that nobody new will be able to get into the bidding no matter how good their story.)  And tell all bidders who remain in the bidding that you will call them again Sunday night to let them know the status, and to work out a time for the next round of the round-robin that works for everyone.

"How to Sell Your Home in 5-Days" is a good name for a book -- but you are not bound by it.  It's great that 132 people contacted you at a time when others don't get a single contact in a year -- but that is not the point of this exercise.

Cull that list down to the three best, and then work with ALL THREE!  The best deal you can possibly get at this time is somewhere in this mix, and now, you must find it.

No matter what the final offer, offer to sell your home to the high bidder Sunday night.  Let the other 2 top bidders (and more if they are all bunched together within a few thousand dollars of each other) know the status, know that you don't know the high bidder any better than you know the bidder you are talking to, that the higher bidder may drop out, for any reason, that your bank may refuse to take the high bid...in short, that anything can happen from this point forward, but that you are going to honor the terms of your 5-Day Sale by offering your home to the high bidder as promised, and that if the high bidder does not go through with the deal, you will offer your home to other high bidders who are so close to the high bid that it would be silly for you to run another 5-Day Sale instead of just taking the next fair bid.

Then you must move as fast as possible.  When you "sell" your home in 5-Days, you have not really "sold" it.  All you have done is to accept a verbal, non-binding offer.  The offer is not binding on either side.  That is what contracts are for.  That is what a closing is for.  Whether you like the final offer, or not, you must move quickly to nail down the terms.  If the final offer is lower than your mortgage, and you are not willing to make up the difference, take the offer to your bank and see if they will accept less than the outstanding amount of your loan.  In these times they might, but their answer is of little concern to you.  Either they do, or they don't.  And you must know, right away, so you will know what to do next.

If they do, get the contract signed as fast as you can, and let the other top bidders know exactly what is happening.  (This you continue to do in any case until you have the buyers money in your hands--then you call all the people you have been talking to, and let them all know the house has actually been sold.  Until then, everything is a "maybe" and everyone still has a chance.)

If the bank does not accept a low offer, you must figure out what you are going to do next.  You took risks, and spent a lot of time and effort to locate the best possible deal for your home at this time.  Work with the best buyers.  See if you can't find some other deal that everyone can accept.  If not, you just can't sell your home right now, no matter what you do.  But more likely, someone in the mix wants your home for the most anyone will pay for it at this time, and you and the buyer can together find some way to make that work.  It may be the top bidder.  It may be the second.  It may be the fifth.  It may be someone who didn't bid at all.

But you now have a very realistic view of what your home can bring at this time.  You have a large number of real buyers who want to buy your home.  If it is possible to sell your home right now, you will be able to do so, and you will get the most anyone can get for your home at this time.

Everyone is rooting for you, and inspired by your success.  There are literally hundreds of people on this list.  If you have questions, post them, and I'm sure you'll have an answer from one of the "regulars" in time to use the advice.

Play fair, be yourself, and you will do fine.  The 5-Day Method cannot change the market, but it can help you find the 3 people most likely to buy your home for a fair price.  You have clearly succeeded in doing that.  Now all you have to do is follow through.  Remember that you are not bound by the title of the book.  This is not a contest.  All you are trying to do is sell your home, right now, for the most you can possibly get.

Again, congratulations!  

Bill Effros
Author









juliegorman at bellsouth.net wrote: 
AMAZING DAY! 132 phone calls...yes 132 viable realistic potetial buyers! Can't even begin to tell you how many showed today! Expecting even more tomorrow! Another large ad runs tomorrow to over 500,000 customer based circulation! 

The response is UNBELIEVABLE! WOW! 

Little nervous...the bids seem low...but...I know tomorrow is another day and the round robin is still ahead.

We priced our home at $199,500...current bid $276,000...our house appraises at $425,000 willing to take the high bid come Sunday, but just curious if this low bid is normal at this time in the sale?

Thanks...I'm selling my home tomorrow! :)
Julie from Kentucky
-------------- Original message from Janetislight at aol.com: -------------- 


Let us know how it goes!!!

Janet

In a message dated 8/8/2009 7:43:12 A.M. Central Daylight Time, juliegorman at bellsouth.net writes:



52 SO FAR...our open house is in 1 1/2 hours...YIPPPEE!!!! HERE WE GO! This is SOOOOOO FUN! Last night we had someone offer to bring us a check today...just like Bill said they would. We had people showing up wanting to see the house...just like Bill said they would...

I can't wait for it to turn out with an acceptable price Sunday night...just like Bill says it will!

:)

I know God is going to bless this open house and sale this weekend.

Julie From Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I would start contacting people now.  Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"

I like busy sales because you never get bored, and you don't start second guessing yourself.

Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.

Make sure you have enough help, and that everyone is singing the same tune.

Don't think you can spot the real buyers in the crowd.  You can't.

People will be testing you to see if you're honest.  Be yourself.  They're just people, and one of them is going to buy your home.

Pace yourself.

Keep the cards and letters coming,

Bill Effros
Author

juliegorman at bellsouth.net wrote: 
YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 

>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?

Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)

I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 

I'm SELLING MY HOUSE SUNDAY! YAHOO!

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I have always given the address immediately.  In the old days that would result in lines of cars circling the house before the sale, but so what?  Nobody got in the front door before 10 on Saturday.

The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.  The Method I pass on has worked best for the most people.  That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

Using the traditional method, people were not averaging 1 response per week.  Now you have 17 people to talk to in less than 2 days.  There is a fair deal somewhere in this mix, and all you have to do is find it.

Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest price.  There is absolutely nothing wrong with that.  Every seller wants to sell for the highest possible price.  There is absolutely nothing wrong with that, either.  Most people are incredibly honest, and that honesty has an aura anyone can pick up.  And they pick up your aura, too.

If you can establish trust in what you are doing, real buyers will step up and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are buying foreclosures from banks at 60% of current value.  They don't need your home at this time.  Most of the people who attend your sale will be a lot like you.  Treat them as you would want to be treated.

It is a whole lot of work for 5 days, but you can always make it pay off.  You are well on your way.

Bill Effros
Author



juliegorman at bellsouth.net wrote: 
YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?

Julie
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
3.  The starting price in an "or best offer" ad is not legally binding.
4.  Nobody actually "sells" their home until the "closing".
5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.  The buyer can back out of the deal right up to the closing.
7.  The seller can back out of the deal right up to the closing.
8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 
Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

Julie from Kentucky
-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 
Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
 
That IS correct, which is why I decided to do FSBO. 
 
The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
No thanks. 
 


Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 
I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
JCrafor
 


From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

Janet


In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.  I know.  It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

Let us know how it goes.  You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 
I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

Well, here's where our story stands right now.  

We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


Sue Pruett
32950 Delhi Road
Brighton, IL  62012
618-372-3501
Visit my blogs at http://www.thecharlottemasongirl.com/
and http://www.illinoisgreenhome.com
and http://parentingwithstyle.blogspot.com/



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From gnoel88 at yahoo.com  Mon Aug 10 01:11:09 2009
From: gnoel88 at yahoo.com (Gary Noel)
Date: Sun, 9 Aug 2009 22:11:09 -0700 (PDT)
Subject: [5-DayForum] Final results!!!
In-Reply-To: <081020090410.13388.4A7F9DA6000A9F110000344C22216125569B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
References: <081020090410.13388.4A7F9DA6000A9F110000344C22216125569B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
Message-ID: <195755.15240.qm@web59513.mail.ac4.yahoo.com>

Julie, I can't express how happy I am for you.? If I were there I'd give you a big hug from all of us following your progress... assuming your husband didn't mind.?LOL ?If you would like to share a blow by blow of everything you did, whether it worked well or not I would be interested in hearing about it.? I'm sure everyone can learn from what didn't work as much as what did work.? Maybe you can coauther the next book with Bill. LOL? Again, congrats!!!

Gary




________________________________
From: "juliegorman at bellsouth.net" <juliegorman at bellsouth.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>; 5-dayforum at mailman.howtosellyourhomein5days.com
Cc: Janetislight at aol.com
Sent: Sunday, August 9, 2009 11:10:17 PM
Subject: [5-DayForum] Final results!!!


Believe it or not...we received a total of 310 calls...way too many!?Had 46 Bids. Came down between 2 bidders. 

Our final outcome...we sold our home for $350,000. Considerably less than we had hoped for...BUT...WE SOLD OUR HOME! 

We are moving to TEXAS. We don't have to clean our home for any more showings. We don't have to pay any more house payments. We don't have to pay a realtor. We have an escrow refund...and we are signing a contract tomorrow with the couple and our settlement agent! 

Praise be to our God. And a big thanks to all of you for your encouragement and especially to you Bill Effros for taking the time to write the book.

We will close within 30 days. The couple is already pre-approved! Looks like a perfect scenario to PROVE this method works every time!

May God bless each and every one of you! By the way, now...that all of this is over (Barring we get the check!)

?:0)? I'll be happy to share any tips that will help you be successful in your sale!

I SOLD MY HOME TONIGHT!
Julie From Kentucky




-------------- Original message from Janetislight at aol.com: -------------- 
>
>I'm really anxious as to how your sale turns out.?? As I said before, I have sold a house on Craig's, but it had pictures and a fairly detailed description as yours did.? I think this tweak in the method is what we have been looking for.
>
>Still waiting on your results.? Don't rush because of me, but don't forget about me either!!!
>
>
>Janet
>
>In a message dated 8/9/2009 5:33:59 P.M. Central Daylight Time, juliegorman at bellsouth.net writes:
>
>>
>>
>>Trying to?breathe but I feel like I'm about to puke up my toes with excitement! I actually miscounted...I have 46 bidders. I hope to get through this process tonight...but am not going to be too anxious. I will take a very cool, calm approach.
>>
>>Thanks for reminding me to breathe...I don't think I've done that since about 2:00 this afternoon...no wonder I feel so light headed! LOL!
>>
>>I'll let you know how it goes! 
>>
>>Julie from Kentucky
>>-------------- Original message from Janetislight at aol.com: -------------- 
>>>
>>>Take a moment for a big breath.? You want to be calm and collected for your round robin.? Honestly, I don't think that you are going to get it done tonight.
>>>
>>>Good luck!!!
>>>
>>>Janet
>>>
>>>In a message dated 8/9/2009 4:52:28 P.M. Central Daylight Time, juliegorman at bellsouth.net writes:
>>>
>>>>
>>>>
>>>>Yes you heard me...I'm exhausted but excited. 292 contacts, 45 bids, and the round robin ahead! AGGGHHHHH! High bid at $285,000 with everyone knowing that it was only to position them to be part of the bidding process and where they would be placed in the call! 
>>>>
>>>>I don't have time to share any more information but will let you know how it turns out. 2 hours until round robin and I have a lot to do!
>>>>
>>>>I'm selling my home...TONIGHT! :)
>>>>Julie from Kentucky
>>>>-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>>>>>
>>>>>Nice going Julie!
>>>>>
>>>>>Your sale will be the model for the 4th edition of the book, and we all hope you will give us a complete account of everything you feel you did right, and everything you feel you did wrong, when you have the time.
>>>>>
>>>>>But for right now, you must stick to your knitting.
>>>>>
>>>>>You know how tired you are now.? You must pace yourself tomorrow to ensure you are sharp for the round-robin.? It will be more of the same, and you will not know who the real buyers are until the end of the round-robin.
>>>>>
>>>>>You have run a successful 5-Day Sale.? Virtually everyone in your community knows you will sell your home tomorrow night.? Play fair and you will locate the 3 best buyers for your home at this time.
>>>>>
>>>>>The current high bid is quite high for a Saturday night, but has no bearing on the final offer.? You will get a fair offer at the end of the day.
>>>>>
>>>>>You may get too many bidders to be able to finish the Round-Robin on Sunday night.? Start exactly at 8:00.? Call the high bidder, explain the situation carefully.? The high bidder must understand they can raise their own bid, or just sit on it.? They are the only bidder who effectively gets 2 bids in the first round.? They are the only bidder who can fail to raise the bid, and still get another call.? Unless the high bid is a preemptive bid, far above all the other bids, it is extremely unlikely that the high bid will remain the high bid at the end of the first round.? Unless the high bidder chooses to make an even higher bid before anyone else gets the chance.
>>>>>
>>>>>Preemptive bids are almost always good for the buyer and bad for the seller, even though we all rejoice when we meet or exceed our price expectations.? But it is not for you to put your thumb on the scale.? Talk to the bidders.? Get to know them better.? Spend time with them.? They spent time with you, it is the least you can do.
>>>>>
>>>>>The Round-Robin is not a race.? Don't do it fast.? Do it well. Plan to stop around 9:30, no matter what.? Some people just can't function well after that hour, and it is dumb to lose a good buyer because you are a night-person and they are a day-person.
>>>>>
>>>>>On average, expect to spend 5 minutes per bidder.? You may talk to the high bidder for 15 minutes, but as you go down the list, some people will drop out immediately, and it should average out to around 5 minutes per bidder in the first round.? So, if you have 30 bidders (and you might) at 5 minutes per bidder, it will be 9:30 by the end of the first round.? Explain to everyone that you anticipate extending the Round-Robin after tonight (but that nobody new will be able to get into the bidding no matter how good their story.)? And tell all bidders who remain in the bidding that you will call them again Sunday night to let them know the status, and to work out a time for the next round of the round-robin that works for everyone.
>>>>>
>>>>>"How to Sell Your Home in 5-Days" is a good name for a book -- but you are not bound by it.? It's great that 132 people contacted you at a time when others don't get a single contact in a year -- but that is not the point of this exercise.
>>>>>
>>>>>Cull that list down to the three best, and then work with ALL THREE!? The best deal you can possibly get at this time is somewhere in this mix, and now, you must find it.
>>>>>
>>>>>No matter what the final offer, offer to sell your home to the high bidder Sunday night.? Let the other 2 top bidders (and more if they are all bunched together within a few thousand dollars of each other) know the status, know that you don't know the high bidder any better than you know the bidder you are talking to, that the higher bidder may drop out, for any reason, that your bank may refuse to take the high bid...in short, that anything can happen from this point forward, but that you are going to honor the terms of your 5-Day Sale by offering your home to the high bidder as promised, and that if the high bidder does not go through with the deal, you will offer your home to other high bidders who are so close to the high bid that it would be silly for you to run another 5-Day Sale instead of just taking the next fair bid.
>>>>>
>>>>>Then you must move as fast as possible.? When you "sell" your home in 5-Days, you have not really "sold" it.? All you have done is to accept a verbal, non-binding offer.? The offer is not binding on either side.? That is what contracts are for.? That is what a closing is for.? Whether you like the final offer, or not, you must move quickly to nail down the terms.? If the final offer is lower than your mortgage, and you are not willing to make up the difference, take the offer to your bank and see if they will accept less than the outstanding amount of your loan.? In these times they might, but their answer is of little concern to you.? Either they do, or they don't.? And you must know, right away, so you will know what to do next.
>>>>>
>>>>>If they do, get the contract signed as fast as you can, and let the other top bidders know exactly what is happening.? (This you continue to do in any case until you have the buyers money in your hands--then you call all the people you have been talking to, and let them all know the house has actually been sold.? Until then, everything is a "maybe" and everyone still has a chance.)
>>>>>
>>>>>If the bank does not accept a low offer, you must figure out what you are going to do next.? You took risks, and spent a lot of time and effort to locate the best possible deal for your home at this time.? Work with the best buyers.? See if you can't find some other deal that everyone can accept.? If not, you just can't sell your home right now, no matter what you do.? But more likely, someone in the mix wants your home for the most anyone will pay for it at this time, and you and the buyer can together find some way to make that work.? It may be the top bidder.? It may be the second.? It may be the fifth.? It may be someone who didn't bid at all.
>>>>>
>>>>>But you now have a very realistic view of what your home can bring at this time.? You have a large number of real buyers who want to buy your home.? If it is possible to sell your home right now, you will be able to do so, and you will get the most anyone can get for your home at this time.
>>>>>
>>>>>Everyone is rooting for you, and inspired by your success.? There are literally hundreds of people on this list.? If you have questions, post them, and I'm sure you'll have an answer from one of the "regulars" in time to use the advice.
>>>>>
>>>>>Play fair, be yourself, and you will do fine.? The 5-Day Method cannot change the market, but it can help you find the 3 people most likely to buy your home for a fair price.? You have clearly succeeded in doing that.? Now all you have to do is follow through.? Remember that you are not bound by the title of the book.? This is not a contest.? All you are trying to do is sell your home, right now, for the most you can possibly get.
>>>>>
>>>>>Again, congratulations!? 
>>>>>
>>>>>Bill Effros
>>>>>Author
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>juliegorman at bellsouth.net wrote: 
>>>>>AMAZING DAY! 132 phone calls...yes 132 viable realistic potetial buyers! Can't even begin to tell you how many showed today! Expecting even more tomorrow! Another large ad runs tomorrow to?over 500,000 customer based circulation! 
>>>>>>
>>>>>>The response is UNBELIEVABLE! WOW! 
>>>>>>
>>>>>>Little nervous...the bids seem low...but...I know tomorrow is another day and the round robin is still ahead.
>>>>>>
>>>>>>We priced our home at $199,500...current bid $276,000...our house appraises at $425,000 willing to take the high bid come Sunday, but just curious if this low bid is normal at this time in the sale?
>>>>>>
>>>>>>Thanks...I'm selling my home tomorrow! :)
>>>>>>Julie from Kentucky
>>>>>>-------------- Original message from Janetislight at aol.com: -------------- 
>>>>>>>
>>>>>>>Let us know how it goes!!!
>>>>>>>
>>>>>>>Janet
>>>>>>>
>>>>>>>In a message dated 8/8/2009 7:43:12 A.M. Central Daylight Time, juliegorman at bellsouth.net writes:
>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>>52 SO FAR...our open house is in 1 1/2 hours...YIPPPEE!!!! HERE WE GO! This is SOOOOOO FUN! Last night we had someone offer to bring us a check today...just like Bill said they would. We had people showing up wanting to see the house...just like Bill said they would...
>>>>>>>>
>>>>>>>>I can't wait for it to turn out with an?acceptable?price Sunday night...just like Bill says it will!
>>>>>>>>
>>>>>>>>:)
>>>>>>>>
>>>>>>>>I know God is going to bless this open house and sale this weekend.
>>>>>>>>
>>>>>>>>Julie From Kentucky
>>>>>>>>-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>>>>>>>>>
>>>>>>>>>Julie,
>>>>>>>>>
>>>>>>>>>I would start contacting people now.? Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"
>>>>>>>>>
>>>>>>>>>I like busy sales because you never get bored, and you don't start second guessing yourself.
>>>>>>>>>
>>>>>>>>>Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.
>>>>>>>>>
>>>>>>>>>Make sure you have enough help, and that everyone is singing the same tune.
>>>>>>>>>
>>>>>>>>>Don't think you can spot the real buyers in the crowd.? You can't.
>>>>>>>>>
>>>>>>>>>People will be testing you to see if you're honest.? Be yourself.? They're just people, and one of them is going to buy your home.
>>>>>>>>>
>>>>>>>>>Pace yourself.
>>>>>>>>>
>>>>>>>>>Keep the cards and letters coming,
>>>>>>>>>
>>>>>>>>>Bill Effros
>>>>>>>>>Author
>>>>>>>>>
>>>>>>>>>juliegorman at bellsouth.net wrote: 
>>>>>>>>>YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 
>>>>>>>>>>
>>>>>>>>>>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?
>>>>>>>>>>
>>>>>>>>>>Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)
>>>>>>>>>>
>>>>>>>>>>I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 
>>>>>>>>>>
>>>>>>>>>>I'm SELLING MY HOUSE SUNDAY! YAHOO!
>>>>>>>>>>
>>>>>>>>>>Julie from Kentucky
>>>>>>>>>>-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>>>>>>>>>>>
>>>>>>>>>>>Julie,
>>>>>>>>>>>
>>>>>>>>>>>I have always given the address immediately.? In the old days that would result in lines of cars circling the house before the sale, but so what?? Nobody got in the front door before 10 on Saturday.
>>>>>>>>>>>
>>>>>>>>>>>The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.? The Method I pass on has worked best for the most people.? That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.
>>>>>>>>>>>
>>>>>>>>>>>Using the traditional method, people were not averaging 1 response per week.? Now you have 17 people to talk to in less than 2 days.? There is a fair deal somewhere in this mix, and all you have to do is find it.
>>>>>>>>>>>
>>>>>>>>>>>Take Rosemarie's advice to heart.? Every buyer wants to buy for the lowest price.? There is absolutely nothing wrong with that.? Every seller wants to sell for the highest possible price.? There is absolutely nothing wrong with that, either.? Most people are incredibly honest, and that honesty has an aura anyone can pick up.? And they pick up your aura, too.
>>>>>>>>>>>
>>>>>>>>>>>If you can establish trust in what you are doing, real buyers will step up and talk to you.? Listen to everyone.? Treat everyone well.? The sharks are buying foreclosures from banks at 60% of current value.? They don't need your home at this time.? Most of the people who attend your sale will be a lot like you.? Treat them as you would want to be treated.
>>>>>>>>>>>
>>>>>>>>>>>It is a whole lot of work for 5 days, but you can always make it pay off.? You are well on your way.
>>>>>>>>>>>
>>>>>>>>>>>Bill Effros
>>>>>>>>>>>Author
>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>juliegorman at bellsouth.net wrote: 
>>>>>>>>>>>YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?
>>>>>>>>>>>>
>>>>>>>>>>>>Julie
>>>>>>>>>>>>-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>>>>>>>>>>>>>
>>>>>>>>>>>>>Julie,
>>>>>>>>>>>>>
>>>>>>>>>>>>>The process is daunting in the best of times -- whether you do it by yourself or not.
>>>>>>>>>>>>>
>>>>>>>>>>>>>7 responses from Craigslist is a good sign.
>>>>>>>>>>>>>
>>>>>>>>>>>>>It does not mean you will get what you are hoping for.
>>>>>>>>>>>>>
>>>>>>>>>>>>>It does mean there are plenty of people interested in buying your home at the current market value.
>>>>>>>>>>>>>
>>>>>>>>>>>>>Stop hoping and praying for 40 responses by Friday night.? Whether you get 25 or 52 doesn't really matter.? The fact that you got 7 from Craigslist immediately is the best news you could get.
>>>>>>>>>>>>>
>>>>>>>>>>>>>If it doesn't fill out to 25 by Friday night you must know what you are going to do.? You are not going to say "well, 23 is good enough."
>>>>>>>>>>>>>
>>>>>>>>>>>>>You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.
>>>>>>>>>>>>>
>>>>>>>>>>>>>So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.
>>>>>>>>>>>>>
>>>>>>>>>>>>>If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.? Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.
>>>>>>>>>>>>>
>>>>>>>>>>>>>Work with the 13 potential buyers.? Talk to them.? Email them.? Be completely honest with them.? See if you can find a fair deal with any of them.
>>>>>>>>>>>>>
>>>>>>>>>>>>>If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.
>>>>>>>>>>>>>
>>>>>>>>>>>>>If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.? Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".? If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.? You would, too.? You can't get the highest possible bid without honestly committing to the sale.
>>>>>>>>>>>>>
>>>>>>>>>>>>>Here we get to a tricky part -- I am not your lawyer.? And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.
>>>>>>>>>>>>>
>>>>>>>>>>>>>Let me just state some facts:
>>>>>>>>>>>>>
>>>>>>>>>>>>>1.? A lot of lawyers don't know what they are talking about.? (50% of them graduated from law school in the bottom half of their class.)
>>>>>>>>>>>>>2.? The laws in most states protect FSBOs.? You are not a professional.? You do not have a license.? You are trying to do things right.
>>>>>>>>>>>>>3.? The starting price in an "or best offer" ad is not legally binding.
>>>>>>>>>>>>>4.? Nobody actually "sells" their home until the "closing".
>>>>>>>>>>>>>5.? All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
>>>>>>>>>>>>>6.? The buyer can back out of the deal right up to the closing.
>>>>>>>>>>>>>7.? The seller can back out of the deal right up to the closing.
>>>>>>>>>>>>>8.? Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.
>>>>>>>>>>>>>
>>>>>>>>>>>>>Nobody can get you the price you want if the market will not support that price.? If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.? The method "succeeds" every time for those who use it properly.? The negative comments you read on this forum come from people who blame the market for their mistakes.? They all could have sold their homes in 5 Days if they were prepared to take the current market value. 
>>>>>>>>>>>>>
>>>>>>>>>>>>>You can, too.? You are well on your way.? I wish you could get today what you could have gotten for your home 3 years ago.? But you can't.? And no one else can either.
>>>>>>>>>>>>>
>>>>>>>>>>>>>5-Day Sales are emotionally draining.? They compress a lot of major financial decisions into a short time frame.? It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.? If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.
>>>>>>>>>>>>>
>>>>>>>>>>>>>Decide now if you are going to take the offer.? If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.
>>>>>>>>>>>>>
>>>>>>>>>>>>>Bill Effros
>>>>>>>>>>>>>Author
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>juliegorman at bellsouth.net wrote: 
>>>>>>>>>>>>>Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are?doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>Julie from Kentucky
>>>>>>>>>>>>>>-------------- Original message from Bill Effros <bill at effros.com>: -------------- 
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>Agreed.
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>But it tells you everything you need to know.
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>If you want to sell it now you can only get the current market price.? No one can say if that price will be higher or lower 3 months from now, or 6 months from now.
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>You can play around with 5 Day ads on Craigslist for nothing.
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>Always start them late Tuesday night.? If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.? It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>But would you take twice the starting price? or 90% of what you are hoping for?? or 80%?
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.? I'll keep thinking out loud with you, if you like.? At some point you'll know what you have to do.
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>Bill Effros
>>>>>>>>>>>>>>>Author
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>j crafor wrote: 
>>>>>>>>>>>>>>>Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
>>>>>>>>>>>>>>>>?
>>>>>>>>>>>>>>>>That IS correct, which is why I decided to do FSBO. 
>>>>>>>>>>>>>>>>?
>>>>>>>>>>>>>>>>The last agent that I talked to, showed the?house to at the open houes, immediately wanted to list it, 7.5% commission,?9 month listing....
>>>>>>>>>>>>>>>>No thanks. 
>>>>>>>>>>>>>>>>?
>>>>>>>>>>>>>>>>________________________________
Date: Wed, 5 Aug 2009 10:34:07 -0400
>>>>>>>>>>>>>>>>From: bill at effros.com
>>>>>>>>>>>>>>>>To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>>>>>>>Subject: Re: [5-DayForum] Had a sale last weekend
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>JCrafor,
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>Your home is in a place where it has become extremely difficult to sell homes -- at any price.? Nobody knows what they are worth at this time.? List with an agent for a limited time period -- let's say 3 months.? See what happens.? Let us know.
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>I believe we are headed for a lot of inflation.? Homes in some places will start to rise in selling price.? But other homes will never be sold at any price.
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>Just my opinion -- this is not my area of expertise.
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>Bill Effros
>>>>>>>>>>>>>>>>Author
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>j crafor wrote: 
>>>>>>>>>>>>>>>>I?had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
>>>>>>>>>>>>>>>>>Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.? Sort of considering listing with an agent...
>>>>>>>>>>>>>>>>>JCrafor
>>>>>>>>>>>>>>>>>?
>>>>>>>>>>>>>>>>>________________________________
From: Janetislight at aol.com
>>>>>>>>>>>>>>>>>Date: Wed, 5 Aug 2009 09:24:53 -0400
>>>>>>>>>>>>>>>>>To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>>>>>>>>Subject: Re: [5-DayForum] Had a sale last weekend
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>Janet
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
>>>>>>>>>>>>>>>>>Sue,
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>You already understand most of what you've got to know.
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>All you need is Craigslist.
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>Start your home at $24,500.? I know.? It sounds crazy.
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.? You will get the most you can get for your home at the present time.
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.? There is no question that most of them cannot or will not pay what you are hoping for.? But so what?? 3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>Enough people have computers so that you no longer have to take telephone calls.? You can do everything on the web -- and the response is instantaneous.
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>Prepare materials to email back to people before placing the ad.? You can send pictures.? You can explain in detail how you will run the sale.? Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.? I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>Unlike Bill, your home can certainly be sold at this time.? Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>The Craigslist headline and body copy work differently than newspaper 5-Day Ads.? Again, let us know what works.
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.? I generally try to run one ad starting Tuesday night and deleting Thursday.? And an updating ad running Friday Saturday and Sunday.? You should have 25 responses by Thursday night.
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>Let us know how it goes.? You're on the right track.
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>Bill Effros
>>>>>>>>>>>>>>>>>>Author
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>Sue Pruett wrote: 
>>>>>>>>>>>>>>>>>>I am a big fan of this method.? We used the first book back in 1995 to sell our first house, and it worked great!? I always knew we would use this method for our second house.? Well, the time has come to sell our second house!? I purchased the book just about a month ago.? However, I didn't realize there was a third edition until about two weeks ago.? The seller didn't inform me of this fact!? I'm sure there is a lot in the third edition that would have been helpful to us!
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>Well, here's where our story stands right now.? 
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>We live in Southern Illinois, across the Mississippi from St. Louis.? Homes in our neighborhood have been selling in the upper $80's in the past 4 months.? When we compare our home to these, some things are better in ours, some are worse.? Ours is larger than any of them.? We had hoped to get about $90K, but would have been more than satisfied with $85K.? 
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>We tried the sale two weeks ago with ads in the only daily in town.? We got 4 calls.? We postponed the sale.? We were able to advertise in two weeklies, in addition to the daily.? We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.? At least 12 of our callers were so excited about the house, we thought we were good to go.? Don't break that rule!? We only had 5 families come to look, and only two bidders, and one could?not afford our starting price.? We did get a $75K offer, and we agreed to sell it to her.
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>The other thing we did was start at $74,500, because we were scared to start lower.??I'm sure this also contributed to fewer callers.??We arent' sure the current buyer is going to come through.? We should know by tonight.? If she doesn't, we are purchasing the third edition of the book, and doing it right!? We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.? I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.? 
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>I know I've gone on a long time, but?I do have a question -?can anyone point me to which internet advertising you all use.? I've never used anything but ebay to sell over the internet, and not for something like?a house!? ? I'd just like to get a picture of how internet advertising works.? Thanks so much for sticking with my story!
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>>Sue Pruett
>>>>>>>>>>>>>>>>>>>32950 Delhi Road
>>>>>>>>>>>>>>>>>>>Brighton, IL? 62012
>>>>>>>>>>>>>>>>>>>618-372-3501
>>>>>>>>>>>>>>>>>>>Visit my blogs at http://www.thecharlottemasongirl.com/
>>>>>>>>>>>>>>>>>>>and http://www.illinoisgreenhome.com
>>>>>>>>>>>>>>>>>>>and http://parentingwithstyle.blogspot.com/
>>>>>>>>>>>>>>>>>>> 
>>>>>>>>>>>>>>>>>>>
________________________________

>>>>>>>>>>>>>>>>>>>_______________________________________________
>>>>>>>>>>>>>>>>>>>5-DayForum mailing list
>>>>>>>>>>>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>>>>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>>>>>>>>>>>>>  
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>>_______________________________________________
>>>>>>>>>>>>>>>>>>5-DayForum mailing list
>>>>>>>>>>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>>>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>>
________________________________

>>>>>>>>>>>>>>>>>________________________________
Get back to school stuff for them and cashback for you. Try BingT now. 
>>>>>>>>>>>>>>>>>
________________________________

>>>>>>>>>>>>>>>>>_______________________________________________
>>>>>>>>>>>>>>>>>5-DayForum mailing list
>>>>>>>>>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>>>>>>>>>>>  
>>>>>>>>>>>>>>>>________________________________
Get back to school stuff for them and cashback for you. Try BingT now. 
>>>>>>>>>>>>>>>>
________________________________

>>>>>>>>>>>>>>>>_______________________________________________
>>>>>>>>>>>>>>>>5-DayForum mailing list
>>>>>>>>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>>>>>>>>>>  
>>>>>>>>>>>>>>
________________________________

>>>>>>>>>>>>>>_______________________________________________
>>>>>>>>>>>>>>5-DayForum mailing list
>>>>>>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>>>>>>>>  
>>>>>>>>>>>>
________________________________

>>>>>>>>>>>>_______________________________________________
>>>>>>>>>>>>5-DayForum mailing list
>>>>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>>>>>>  
>>>>>>>>>>
________________________________

>>>>>>>>>>_______________________________________________
>>>>>>>>>>5-DayForum mailing list
>>>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>>>>  
>>>>>>>>
>>>>>>>>_______________________________________________
>>>>>>>>5-DayForum mailing list
>>>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>>>
>>>>>>>
>>>>>>>
________________________________

>>>>>>
________________________________

>>>>>>_______________________________________________
>>>>>>5-DayForum mailing list
>>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>>  
>>>>
>>>>_______________________________________________
>>>>5-DayForum mailing list
>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>
>>>
>>>
________________________________

>>
>>_______________________________________________
>>5-DayForum mailing list
>>5-DayForum at mailman.howtosellyourhomein5days.com
>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>
>
________________________________



      
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From barrettai at aol.com  Mon Aug 10 08:14:32 2009
From: barrettai at aol.com (barrettai at aol.com)
Date: Mon, 10 Aug 2009 08:14:32 -0400
Subject: [5-DayForum] 292 contacts!!!!
In-Reply-To: <080920092232.15255.4A7F4E90000ACE3A00003B9722228869349B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
Message-ID: <8CBE7CB40AB4B12-930-3E54@WEBMAIL-MY38.sysops.aol.com>

292 contacts and 46 bidders ... I think that's a new record

Best of luck ...

Kyle
www.AuctionBySeller.com 


-----Original Message-----
From: juliegorman at bellsouth.net
To: How To Sell Your Home in5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Sun, Aug 9, 2009 5:32 pm
Subject: Re: [5-DayForum] 292 contacts!!!!





Trying to?breathe but I feel like I'm about to puke up my toes with excitement! I actually miscounted...I have 46 bidders. I hope to get through this process tonight...but am not going to be too anxious. I will take a very cool, calm approach.

?

Thanks for reminding me to breathe...I don't think I've done that since about 2:00 this afternoon...no wonder I feel so light headed! LOL!

?

I'll let you know how it goes! 

?

Julie from Kentucky

-------------- Original message from Janetislight at aol.com: -------------- 


Take a moment for a big breath.? You want to be calm and collected for your round robin.? Honestly, I don't think that you are going to get it done tonight.

?

Good luck!!!

?

Janet

?


In a message dated 8/9/2009 4:52:28 P.M. Central Daylight Time, juliegorman at bellsouth.net writes:






Yes you heard me...I'm exhausted but excited. 292 contacts, 45 bids, and the round robin ahead! AGGGHHHHH! High bid at $285,000 with everyone knowing that it was only to position them to be part of the bidding process and where they would be placed in the call! 

?

I don't have time to share any more information but will let you know how it turns out. 2 hours until round robin and I have a lot to do!

?

I'm selling my home...TONIGHT! :)

Julie from Kentucky

-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Nice going Julie!

Your sale will be the model for the 4th edition of the book, and we all hope you will give us a complete account of everything you feel you did right, and everything you feel you did wrong, when you have the time.

But for right now, you must stick to your knitting.

You know how tired you are now.? You must pace yourself tomorrow to ensure you are sharp for the round-robin.? It will be more of the same, and you will not know who the real buyers are until the end of the round-robin.

You have run a successful 5-Day Sale.? Virtually everyone in your community knows you will sell your home tomorrow night.? Play fair and you will locate the 3 best buyers for your home at this time.

The current high bid is quite high for a Saturday night, but has no bearing on the final offer.? You will get a fair offer at the end of the day.

You may get too many bidders to be able to finish the Round-Robin on Sunday night.? Start exactly at 8:00.? Call the high bidder, explain the situation carefully.? The high bidder must understand they can raise their own bid, or just sit on it.? They are the only bidder who effectively gets 2 bids in the first round.? They are the only bidder who can fail to raise the bid, and still get another call.? Unless the high bid is a preemptive bid, far above all the other bids, it is extremely unlikely that the high bid will remain the high bid at the end of the first round.? Unless the high bidder chooses to make an even higher bid before anyone else gets the chance.

Preemptive bids are almost always good for the buyer and bad for the seller, even though we all rejoice when we meet or exceed our price expectations.? But it is not for you to put your thumb on the scale.? Talk to the bidders.? Get to know them better.? Spend time with them.? They spent time with you, it is the least you can do.

The Round-Robin is not a race.? Don't do it fast.? Do it well. Plan to stop around 9:30, no matter what.? Some people just can't function well after that hour, and it is dumb to lose a good buyer because you are a night-person and they are a day-person.

On average, expect to spend 5 minutes per bidder.? You may talk to the high bidder for 15 minutes, but as you go down the list, some people will drop out immediately, and it should average out to around 5 minutes per bidder in the first round.? So, if you have 30 bidders (and you might) at 5 minutes per bidder, it will be 9:30 by the end of the first round.? Explain to everyone that you anticipate extending the Round-Robin after tonight (but that nobody new will be able to get into the bidding no matter how good their story.)? And tell all bidders who remain in the bidding that you will call them again Sunday night to let them know the status, and to work out a time for the next round of the round-robin that works for everyone.

"How to Sell Your Home in 5-Days" is a good name for a book -- but you are not bound by it.? It's great that 132 people contacted you at a time when others don't get a single contact in a year -- but that is not the point of this exercise.

Cull that list down to the three best, and then work with ALL THREE!? The best deal you can possibly get at this time is somewhere in this mix, and now, you must find it.

No matter what the final offer, offer to sell your home to the high bidder Sunday night.? Let the other 2 top bidders (and more if they are all bunched together within a few thousand dollars of each other) know the status, know that you don't know the high bidder any better than you know the bidder you are talking to, that the higher bidder may drop out, for any reason, that your bank may refuse to take the high bid...in short, that anything can happen from this point forward, but that you are going to honor the terms of your 5-Day Sale by offering your home to the high bidder as promised, and that if the high bidder does not go through with the deal, you will offer your home to other high bidders who are so close to the high bid that it would be silly for you to run another 5-Day Sale instead of just taking the next fair bid.

Then you must move as fast as possible.? When you "sell" your home in 5-Days, you have not really "sold" it.? All you have done is to accept a verbal, non-binding offer.? The offer is not binding on either side.? That is what contracts are for.? That is what a closing is for.? Whether you like the final offer, or not, you must move quickly to nail down the terms.? If the final offer is lower than your mortgage, and you are not willing to make up the difference, take the offer to your bank and see if they will accept less than the outstanding amount of your loan.? In these times they might, but their answer is of little concern to you.? Either they do, or they don't.? And you must know, right away, so you will know what to do next.

If they do, get the contract signed as fast as you can, and let the other top bidders know exactly what is happening.? (This you continue to do in any case until you have the buyers money in your hands--then you call all the people you have been talking to, and let them all know the house has actually been sold.? Until then, everything is a "maybe" and everyone still has a chance.)

If the bank does not accept a low offer, you must figure out what you are going to do next.? You took risks, and spent a lot of time and effort to locate the best possible deal for your home at this time.? Work with the best buyers.? See if you can't find some other deal that everyone can accept.? If not, you just can't sell your home right now, no matter what you do.? But more likely, someone in the mix wants your home for the most anyone will pay for it at this time, and you and the buyer can together find some way to make that work.? It may be the top bidder.? It may be the second.? It may be the fifth.? It may be someone who didn't bid at all.

But you now have a very realistic view of what your home can bring at this time.? You have a large number of real buyers who want to buy your home.? If it is possible to sell your home right now, you will be able to do so, and you will get the most anyone can get for your home at this time.

Everyone is rooting for you, and inspired by your success.? There are literally hundreds of people on this list.? If you have questions, post them, and I'm sure you'll have an answer from one of the "regulars" in time to use the advice.

Play fair, be yourself, and you will do fine.? The 5-Day Method cannot change the market, but it can help you find the 3 people most likely to buy your home for a fair price.? You have clearly succeeded in doing that.? Now all you have to do is follow through.? Remember that you are not bound by the title of the book.? This is not a contest.? All you are trying to do is sell your home, right now, for the most you can possibly get.

Again, congratulations!? 

Bill Effros
Author









juliegorman at bellsouth.net wrote: 

AMAZING DAY! 132 phone calls...yes 132 viable realistic potetial buyers! Can't even begin to tell you how many showed today! Expecting even more tomorrow! Another large ad runs tomorrow to?over 500,000 customer based circulation! 

?

The response is UNBELIEVABLE! WOW! 

?

Little nervous...the bids seem low...but...I know tomorrow is another day and the round robin is still ahead.

?

We priced our home at $199,500...current bid $276,000...our house appraises at $425,000 willing to take the high bid come Sunday, but just curious if this low bid is normal at this time in the sale?

?

Thanks...I'm selling my home tomorrow! :)

Julie from Kentucky

-------------- Original message from Janetislight at aol.com: -------------- 


Let us know how it goes!!!

?

Janet

?


In a message dated 8/8/2009 7:43:12 A.M. Central Daylight Time, juliegorman at bellsouth.net writes:




52 SO FAR...our open house is in 1 1/2 hours...YIPPPEE!!!! HERE WE GO! This is SOOOOOO FUN! Last night we had someone offer to bring us a check today...just like Bill said they would. We had people showing up wanting to see the house...just like Bill said they would...

I can't wait for it to turn out with an?acceptable?price Sunday night...just like Bill says it will!

?

:)

?

I know God is going to bless this open house and sale this weekend.

?

Julie From Kentucky

-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I would start contacting people now.? Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"

I like busy sales because you never get bored, and you don't start second guessing yourself.

Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.

Make sure you have enough help, and that everyone is singing the same tune.

Don't think you can spot the real buyers in the crowd.? You can't.

People will be testing you to see if you're honest.? Be yourself.? They're just people, and one of them is going to buy your home.

Pace yourself.

Keep the cards and letters coming,

Bill Effros
Author

juliegorman at bellsouth.net wrote: 

YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 

?

>From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?

?

Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)

?

I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 

?

I'm SELLING MY HOUSE SUNDAY! YAHOO!

?

Julie from Kentucky

-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

I have always given the address immediately.? In the old days that would result in lines of cars circling the house before the sale, but so what?? Nobody got in the front door before 10 on Saturday.

The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.? The Method I pass on has worked best for the most people.? That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

Using the traditional method, people were not averaging 1 response per week.? Now you have 17 people to talk to in less than 2 days.? There is a fair deal somewhere in this mix, and all you have to do is find it.

Take Rosemarie's advice to heart.? Every buyer wants to buy for the lowest price.? There is absolutely nothing wrong with that.? Every seller wants to sell for the highest possible price.? There is absolutely nothing wrong with that, either.? Most people are incredibly honest, and that honesty has an aura anyone can pick up.? And they pick up your aura, too.

If you can establish trust in what you are doing, real buyers will step up and talk to you.? Listen to everyone.? Treat everyone well.? The sharks are buying foreclosures from banks at 60% of current value.? They don't need your home at this time.? Most of the people who attend your sale will be a lot like you.? Treat them as you would want to be treated.

It is a whole lot of work for 5 days, but you can always make it pay off.? You are well on your way.

Bill Effros
Author



juliegorman at bellsouth.net wrote: 

YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?

?

Julie

-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Julie,

The process is daunting in the best of times -- whether you do it by yourself or not.

7 responses from Craigslist is a good sign.

It does not mean you will get what you are hoping for.

It does mean there are plenty of people interested in buying your home at the current market value.

Stop hoping and praying for 40 responses by Friday night.? Whether you get 25 or 52 doesn't really matter.? The fact that you got 7 from Craigslist immediately is the best news you could get.

If it doesn't fill out to 25 by Friday night you must know what you are going to do.? You are not going to say "well, 23 is good enough."

You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.? Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

Work with the 13 potential buyers.? Talk to them.? Email them.? Be completely honest with them.? See if you can find a fair deal with any of them.

If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.? Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".? If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.? You would, too.? You can't get the highest possible bid without honestly committing to the sale.

Here we get to a tricky part -- I am not your lawyer.? And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

Let me just state some facts:

1.? A lot of lawyers don't know what they are talking about.? (50% of them graduated from law school in the bottom half of their class.)
2.? The laws in most states protect FSBOs.? You are not a professional.? You do not have a license.? You are trying to do things right.
3.? The starting price in an "or best offer" ad is not legally binding.
4.? Nobody actually "sells" their home until the "closing".
5.? All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
6.? The buyer can back out of the deal right up to the closing.
7.? The seller can back out of the deal right up to the closing.
8.? Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

Nobody can get you the price you want if the market will not support that price.? If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.? The method "succeeds" every time for those who use it properly.? The negative comments you read on this forum come from people who blame the market for their mistakes.? They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

You can, too.? You are well on your way.? I wish you could get today what you could have gotten for your home 3 years ago.? But you can't.? And no one else can either.

5-Day Sales are emotionally draining.? They compress a lot of major financial decisions into a short time frame.? It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.? If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

Decide now if you are going to take the offer.? If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

Bill Effros
Author








juliegorman at bellsouth.net wrote: 

Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

?

So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

?

This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are?doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

?

The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

?

The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

?

The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

?

Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

?

Julie from Kentucky

-------------- Original message from Bill Effros <bill at effros.com>: -------------- 

Agreed.

But it tells you everything you need to know.

If you want to sell it now you can only get the current market price.? No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

You can play around with 5 Day ads on Craigslist for nothing.

Always start them late Tuesday night.? If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.? It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

But would you take twice the starting price? or 90% of what you are hoping for?? or 80%?

At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.? I'll keep thinking out loud with you, if you like.? At some point you'll know what you have to do.

Bill Effros
Author

j crafor wrote: 
Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
?
That IS correct, which is why I decided to do FSBO. 
?
The last agent that I talked to, showed the?house to at the open houes, immediately wanted to list it, 7.5% commission,?9 month listing....
No thanks. 
?
Date: Wed, 5 Aug 2009 10:34:07 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend

JCrafor,

Your home is in a place where it has become extremely difficult to sell homes -- at any price.? Nobody knows what they are worth at this time.? List with an agent for a limited time period -- let's say 3 months.? See what happens.? Let us know.

I believe we are headed for a lot of inflation.? Homes in some places will start to rise in selling price.? But other homes will never be sold at any price.

Just my opinion -- this is not my area of expertise.

Bill Effros
Author

j crafor wrote: 
I?had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.? Sort of considering listing with an agent...
JCrafor
?
From: Janetislight at aol.com
Date: Wed, 5 Aug 2009 09:24:53 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Had a sale last weekend


Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

?

Janet

?

?


In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:

Sue,

You already understand most of what you've got to know.

The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

All you need is Craigslist.

Start your home at $24,500.? I know.? It sounds crazy.

But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.? You will get the most you can get for your home at the present time.

I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.? There is no question that most of them cannot or will not pay what you are hoping for.? But so what?? 3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

Enough people have computers so that you no longer have to take telephone calls.? You can do everything on the web -- and the response is instantaneous.

Prepare materials to email back to people before placing the ad.? You can send pictures.? You can explain in detail how you will run the sale.? Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.? I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

Unlike Bill, your home can certainly be sold at this time.? Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

The Craigslist headline and body copy work differently than newspaper 5-Day Ads.? Again, let us know what works.

Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.? I generally try to run one ad starting Tuesday night and deleting Thursday.? And an updating ad running Friday Saturday and Sunday.? You should have 25 responses by Thursday night.

Let us know how it goes.? You're on the right track.

Bill Effros
Author



Sue Pruett wrote: 





I am a big fan of this method.? We used the first book back in 1995 to sell our first house, and it worked great!? I always knew we would use this method for our second house.? Well, the time has come to sell our second house!? I purchased the book just about a month ago.? However, I didn't realize there was a third edition until about two weeks ago.? The seller didn't inform me of this fact!? I'm sure there is a lot in the third edition that would have been helpful to us!

?

Well, here's where our story stands right now.? 

?

We live in Southern Illinois, across the Mississippi from St. Louis.? Homes in our neighborhood have been selling in the upper $80's in the past 4 months.? When we compare our home to these, some things are better in ours, some are worse.? Ours is larger than any of them.? We had hoped to get about $90K, but would have been more than satisfied with $85K.? 

?

We tried the sale two weeks ago with ads in the only daily in town.? We got 4 calls.? We postponed the sale.? We were able to advertise in two weeklies, in addition to the daily.? We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.? At least 12 of our callers were so excited about the house, we thought we were good to go.? Don't break that rule!? We only had 5 families come to look, and only two bidders, and one could?not afford our starting price.? We did get a $75K offer, and we agreed to sell it to her.

?

The other thing we did was start at $74,500, because we were scared to start lower.??I'm sure this also contributed to fewer callers.??We arent' sure the current buyer is going to come through.? We should know by tonight.? If she doesn't, we are purchasing the third edition of the book, and doing it right!? We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.? I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.? 

?

I know I've gone on a long time, but?I do have a question -?can anyone point me to which internet advertising you all use.? I've never used anything but ebay to sell over the internet, and not for something like?a house!? ? I'd just like to get a picture of how internet advertising works.? Thanks so much for sticking with my story!



Sue Pruett

32950 Delhi Road

Brighton, IL? 62012

618-372-3501

Visit my blogs at http://www.thecharlottemasongirl.com/

and http://www.illinoisgreenhome.com

and http://parentingwithstyle.blogspot.com/

?






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From rosemarie-fred at mindspring.com  Mon Aug 10 08:18:46 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Mon, 10 Aug 2009 08:18:46 -0400
Subject: [5-DayForum] Final results!!!
References: <081020090410.13388.4A7F9DA6000A9F110000344C22216125569B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
Message-ID: <0220062CDD7549A28652DFF7115FB46E@rosemarifv6onv>

Well done - congratulations!
What an exciting story! Thanks so much for taking the time to share with us - I know how tiring this can be. Exhilarating too, isn't it?
So glad for you and for all of us to hear of your success. Keep in touch until the closing! And afterwards, so you can encourage others. That is what I have tried to do here.
Rosemarie
  ----- Original Message ----- 
  From: juliegorman at bellsouth.net 
  To: How To Sell Your Home in5-Days ; 5-dayforum at mailman.howtosellyourhomein5days.com 
  Cc: Janetislight at aol.com 
  Sent: Monday, August 10, 2009 12:10 AM
  Subject: [5-DayForum] Final results!!!


  Believe it or not...we received a total of 310 calls...way too many! Had 46 Bids. Came down between 2 bidders. 

  Our final outcome...we sold our home for $350,000. Considerably less than we had hoped for...BUT...WE SOLD OUR HOME! 

  We are moving to TEXAS. We don't have to clean our home for any more showings. We don't have to pay any more house payments. We don't have to pay a realtor. We have an escrow refund...and we are signing a contract tomorrow with the couple and our settlement agent! 

  Praise be to our God. And a big thanks to all of you for your encouragement and especially to you Bill Effros for taking the time to write the book.

  We will close within 30 days. The couple is already pre-approved! Looks like a perfect scenario to PROVE this method works every time!

  May God bless each and every one of you! By the way, now...that all of this is over (Barring we get the check!)

   :0)  I'll be happy to share any tips that will help you be successful in your sale!

  I SOLD MY HOME TONIGHT!
  Julie From Kentucky




    -------------- Original message from Janetislight at aol.com: -------------- 


    I'm really anxious as to how your sale turns out.   As I said before, I have sold a house on Craig's, but it had pictures and a fairly detailed description as yours did.  I think this tweak in the method is what we have been looking for.

    Still waiting on your results.  Don't rush because of me, but don't forget about me either!!!


    Janet

    In a message dated 8/9/2009 5:33:59 P.M. Central Daylight Time, juliegorman at bellsouth.net writes:



      Trying to breathe but I feel like I'm about to puke up my toes with excitement! I actually miscounted...I have 46 bidders. I hope to get through this process tonight...but am not going to be too anxious. I will take a very cool, calm approach.

      Thanks for reminding me to breathe...I don't think I've done that since about 2:00 this afternoon...no wonder I feel so light headed! LOL!

      I'll let you know how it goes! 

      Julie from Kentucky
        -------------- Original message from Janetislight at aol.com: -------------- 


        Take a moment for a big breath.  You want to be calm and collected for your round robin.  Honestly, I don't think that you are going to get it done tonight.

        Good luck!!!

        Janet

        In a message dated 8/9/2009 4:52:28 P.M. Central Daylight Time, juliegorman at bellsouth.net writes:



          Yes you heard me...I'm exhausted but excited. 292 contacts, 45 bids, and the round robin ahead! AGGGHHHHH! High bid at $285,000 with everyone knowing that it was only to position them to be part of the bidding process and where they would be placed in the call! 

          I don't have time to share any more information but will let you know how it turns out. 2 hours until round robin and I have a lot to do!

          I'm selling my home...TONIGHT! :)
          Julie from Kentucky
            -------------- Original message from Bill Effros <bill at effros.com>: -------------- 

            Nice going Julie!

            Your sale will be the model for the 4th edition of the book, and we all hope you will give us a complete account of everything you feel you did right, and everything you feel you did wrong, when you have the time.

            But for right now, you must stick to your knitting.

            You know how tired you are now.  You must pace yourself tomorrow to ensure you are sharp for the round-robin.  It will be more of the same, and you will not know who the real buyers are until the end of the round-robin.

            You have run a successful 5-Day Sale.  Virtually everyone in your community knows you will sell your home tomorrow night.  Play fair and you will locate the 3 best buyers for your home at this time.

            The current high bid is quite high for a Saturday night, but has no bearing on the final offer.  You will get a fair offer at the end of the day.

            You may get too many bidders to be able to finish the Round-Robin on Sunday night.  Start exactly at 8:00.  Call the high bidder, explain the situation carefully.  The high bidder must understand they can raise their own bid, or just sit on it.  They are the only bidder who effectively gets 2 bids in the first round.  They are the only bidder who can fail to raise the bid, and still get another call.  Unless the high bid is a preemptive bid, far above all the other bids, it is extremely unlikely that the high bid will remain the high bid at the end of the first round.  Unless the high bidder chooses to make an even higher bid before anyone else gets the chance.

            Preemptive bids are almost always good for the buyer and bad for the seller, even though we all rejoice when we meet or exceed our price expectations.  But it is not for you to put your thumb on the scale.  Talk to the bidders.  Get to know them better.  Spend time with them.  They spent time with you, it is the least you can do.

            The Round-Robin is not a race.  Don't do it fast.  Do it well. Plan to stop around 9:30, no matter what.  Some people just can't function well after that hour, and it is dumb to lose a good buyer because you are a night-person and they are a day-person.

            On average, expect to spend 5 minutes per bidder.  You may talk to the high bidder for 15 minutes, but as you go down the list, some people will drop out immediately, and it should average out to around 5 minutes per bidder in the first round.  So, if you have 30 bidders (and you might) at 5 minutes per bidder, it will be 9:30 by the end of the first round.  Explain to everyone that you anticipate extending the Round-Robin after tonight (but that nobody new will be able to get into the bidding no matter how good their story.)  And tell all bidders who remain in the bidding that you will call them again Sunday night to let them know the status, and to work out a time for the next round of the round-robin that works for everyone.

            "How to Sell Your Home in 5-Days" is a good name for a book -- but you are not bound by it.  It's great that 132 people contacted you at a time when others don't get a single contact in a year -- but that is not the point of this exercise.

            Cull that list down to the three best, and then work with ALL THREE!  The best deal you can possibly get at this time is somewhere in this mix, and now, you must find it.

            No matter what the final offer, offer to sell your home to the high bidder Sunday night.  Let the other 2 top bidders (and more if they are all bunched together within a few thousand dollars of each other) know the status, know that you don't know the high bidder any better than you know the bidder you are talking to, that the higher bidder may drop out, for any reason, that your bank may refuse to take the high bid...in short, that anything can happen from this point forward, but that you are going to honor the terms of your 5-Day Sale by offering your home to the high bidder as promised, and that if the high bidder does not go through with the deal, you will offer your home to other high bidders who are so close to the high bid that it would be silly for you to run another 5-Day Sale instead of just taking the next fair bid.

            Then you must move as fast as possible.  When you "sell" your home in 5-Days, you have not really "sold" it.  All you have done is to accept a verbal, non-binding offer.  The offer is not binding on either side.  That is what contracts are for.  That is what a closing is for.  Whether you like the final offer, or not, you must move quickly to nail down the terms.  If the final offer is lower than your mortgage, and you are not willing to make up the difference, take the offer to your bank and see if they will accept less than the outstanding amount of your loan.  In these times they might, but their answer is of little concern to you.  Either they do, or they don't.  And you must know, right away, so you will know what to do next.

            If they do, get the contract signed as fast as you can, and let the other top bidders know exactly what is happening.  (This you continue to do in any case until you have the buyers money in your hands--then you call all the people you have been talking to, and let them all know the house has actually been sold.  Until then, everything is a "maybe" and everyone still has a chance.)

            If the bank does not accept a low offer, you must figure out what you are going to do next.  You took risks, and spent a lot of time and effort to locate the best possible deal for your home at this time.  Work with the best buyers.  See if you can't find some other deal that everyone can accept.  If not, you just can't sell your home right now, no matter what you do.  But more likely, someone in the mix wants your home for the most anyone will pay for it at this time, and you and the buyer can together find some way to make that work.  It may be the top bidder.  It may be the second.  It may be the fifth.  It may be someone who didn't bid at all.

            But you now have a very realistic view of what your home can bring at this time.  You have a large number of real buyers who want to buy your home.  If it is possible to sell your home right now, you will be able to do so, and you will get the most anyone can get for your home at this time.

            Everyone is rooting for you, and inspired by your success.  There are literally hundreds of people on this list.  If you have questions, post them, and I'm sure you'll have an answer from one of the "regulars" in time to use the advice.

            Play fair, be yourself, and you will do fine.  The 5-Day Method cannot change the market, but it can help you find the 3 people most likely to buy your home for a fair price.  You have clearly succeeded in doing that.  Now all you have to do is follow through.  Remember that you are not bound by the title of the book.  This is not a contest.  All you are trying to do is sell your home, right now, for the most you can possibly get.

            Again, congratulations!  

            Bill Effros
            Author









            juliegorman at bellsouth.net wrote: 
              AMAZING DAY! 132 phone calls...yes 132 viable realistic potetial buyers! Can't even begin to tell you how many showed today! Expecting even more tomorrow! Another large ad runs tomorrow to over 500,000 customer based circulation! 

              The response is UNBELIEVABLE! WOW! 

              Little nervous...the bids seem low...but...I know tomorrow is another day and the round robin is still ahead.

              We priced our home at $199,500...current bid $276,000...our house appraises at $425,000 willing to take the high bid come Sunday, but just curious if this low bid is normal at this time in the sale?

              Thanks...I'm selling my home tomorrow! :)
              Julie from Kentucky
                -------------- Original message from Janetislight at aol.com: -------------- 


                Let us know how it goes!!!

                Janet

                In a message dated 8/8/2009 7:43:12 A.M. Central Daylight Time, juliegorman at bellsouth.net writes:



                  52 SO FAR...our open house is in 1 1/2 hours...YIPPPEE!!!! HERE WE GO! This is SOOOOOO FUN! Last night we had someone offer to bring us a check today...just like Bill said they would. We had people showing up wanting to see the house...just like Bill said they would...

                  I can't wait for it to turn out with an acceptable price Sunday night...just like Bill says it will!

                  :)

                  I know God is going to bless this open house and sale this weekend.

                  Julie From Kentucky
                    -------------- Original message from Bill Effros <bill at effros.com>: -------------- 

                    Julie,

                    I would start contacting people now.  Tell them you didn't want to give out your address until you were sure you would get 25 responses by Friday night, and now you have 28 so you are going to tell everyone "it's a go!"

                    I like busy sales because you never get bored, and you don't start second guessing yourself.

                    Let them all know you're going to sell your home to the high bidder Sunday night, and that they are bidding against each other, not against you.

                    Make sure you have enough help, and that everyone is singing the same tune.

                    Don't think you can spot the real buyers in the crowd.  You can't.

                    People will be testing you to see if you're honest.  Be yourself.  They're just people, and one of them is going to buy your home.

                    Pace yourself.

                    Keep the cards and letters coming,

                    Bill Effros
                    Author

                    juliegorman at bellsouth.net wrote: 
                      YAHOO! I have 28 calls now...guess that means I'm holding a sale come Sunday. 

                      From your last letter Bill it sounded like it would be ok for me to contact the individuals and let them know the address; is that right? If I do...I guess that means I can begin giving out the physical location to future callers as well. Or should I just continue doing what I'm doing and call everyone tomorrow night as I originally said I would--I don't want them to think I'm changing the rules as I go. Any advice?

                      Thus far (and it's only Thursday afternoon where I live) I have received 16 calls from Craig's list, 9 from Flyers, and 3 from ads. The ads we're running on Saturday and Sunday will be front page of the courier journal (we lucked out with some open spaces...again yahoo). there readership is 400,000 on the weekends...Is it possible we could have too many people show up? I guess I'd love to have to face that hurdle! :)

                      I have been praying very feverishly, following Bill's advice, and believing God is really going to bless this sale! Thanks for all the recent encouragement. I'll keep you posted as I go! 

                      I'm SELLING MY HOUSE SUNDAY! YAHOO!

                      Julie from Kentucky
                        -------------- Original message from Bill Effros <bill at effros.com>: -------------- 

                        Julie,

                        I have always given the address immediately.  In the old days that would result in lines of cars circling the house before the sale, but so what?  Nobody got in the front door before 10 on Saturday.

                        The whole idea here is that you sell your home in 5 days for the most you can possibly get on the day you pick.  The Method I pass on has worked best for the most people.  That doesn't mean that individual variations can't work out, only that I have heard about a lot of sales, and tried to come up with one coherent explanation that has had the greatest success ratio.

                        Using the traditional method, people were not averaging 1 response per week.  Now you have 17 people to talk to in less than 2 days.  There is a fair deal somewhere in this mix, and all you have to do is find it.

                        Take Rosemarie's advice to heart.  Every buyer wants to buy for the lowest price.  There is absolutely nothing wrong with that.  Every seller wants to sell for the highest possible price.  There is absolutely nothing wrong with that, either.  Most people are incredibly honest, and that honesty has an aura anyone can pick up.  And they pick up your aura, too.

                        If you can establish trust in what you are doing, real buyers will step up and talk to you.  Listen to everyone.  Treat everyone well.  The sharks are buying foreclosures from banks at 60% of current value.  They don't need your home at this time.  Most of the people who attend your sale will be a lot like you.  Treat them as you would want to be treated.

                        It is a whole lot of work for 5 days, but you can always make it pay off.  You are well on your way.

                        Bill Effros
                        Author



                        juliegorman at bellsouth.net wrote: 
                          YEAH! Up to 17 so far...9 from Craig's list...3 from ads...5 from flyers. So far everyone is really excited and can't wait to find out our address. I did run into a situation where 2 of the potential buyers really wanted an address because they are looking in my area today...but I held to our position that we are trying to be fair to all potential buyers so we are not releasing our physical location until Friday evening but that I would contact them by phone Friday evening with directions. They seemed frustrated, again only 2 out of 17, but should I have given them more info?

                          Julie
                            -------------- Original message from Bill Effros <bill at effros.com>: -------------- 

                            Julie,

                            The process is daunting in the best of times -- whether you do it by yourself or not.

                            7 responses from Craigslist is a good sign.

                            It does not mean you will get what you are hoping for.

                            It does mean there are plenty of people interested in buying your home at the current market value.

                            Stop hoping and praying for 40 responses by Friday night.  Whether you get 25 or 52 doesn't really matter.  The fact that you got 7 from Craigslist immediately is the best news you could get.

                            If it doesn't fill out to 25 by Friday night you must know what you are going to do.  You are not going to say "well, 23 is good enough."

                            You have only 2 viable options -- either you tell everyone who has responded that you are going to run the sale next weekend if you get the rest of the responses you need, or you are going to tell everyone that you cannot sell your home at this time using this method, but you are still interested in selling your home.

                            So, at the end of day 3, if you had advertised solely in Craigslist, you would have spent nothing, but you would know a lot more than if you had signed up with a broker for 6 months or a year.

                            If you decide not to sell your home in 5-Days at this time, and no one else responds, you have located 13 potential buyers at virtually no cost.  Very few brokers bring 13 potential buyers to any home for sale in a year -- good times or bad -- and their contracts stipulate that they "own" those buyers, even if the buyer later buys directly from you at a price substantially lower than the price listed in the contract, the broker still gets a commission.

                            Work with the 13 potential buyers.  Talk to them.  Email them.  Be completely honest with them.  See if you can find a fair deal with any of them.

                            If not, wait 3 months and start the 5-Day Method again, to see if the market is any better.

                            If you locate 25 potential real buyers, and you decide to run your 5-Day Sale, you must commit, in your own mind, to following through on Sunday night.  Buyers can hear from your answers whether you are truly going to sell to the high bidder, or if you view the 5-Day Method as just a "bait and switch".  If it sounds like a "bait and switch" the real buyers will head for the exit without ever leaving a bid.  You would, too.  You can't get the highest possible bid without honestly committing to the sale.

                            Here we get to a tricky part -- I am not your lawyer.  And just as I cannot sell Janet's house for her without putting myself in peril, I also cannot give you legal advise without putting myself in peril.

                            Let me just state some facts:

                            1.  A lot of lawyers don't know what they are talking about.  (50% of them graduated from law school in the bottom half of their class.)
                            2.  The laws in most states protect FSBOs.  You are not a professional.  You do not have a license.  You are trying to do things right.
                            3.  The starting price in an "or best offer" ad is not legally binding.
                            4.  Nobody actually "sells" their home until the "closing".
                            5.  All you are really trying to do is "make a deal" Sunday night--and you make a non-binding promise to strike that deal with the high bidder.
                            6.  The buyer can back out of the deal right up to the closing.
                            7.  The seller can back out of the deal right up to the closing.
                            8.  Numerous other parties can kill the deal, even if the buyer and seller both want to go through with it.

                            Nobody can get you the price you want if the market will not support that price.  If you use the 5-Day Method you can get the current market price in 5-Days--every time--if you just stick closely to the method.  The method "succeeds" every time for those who use it properly.  The negative comments you read on this forum come from people who blame the market for their mistakes.  They all could have sold their homes in 5 Days if they were prepared to take the current market value. 

                            You can, too.  You are well on your way.  I wish you could get today what you could have gotten for your home 3 years ago.  But you can't.  And no one else can either.

                            5-Day Sales are emotionally draining.  They compress a lot of major financial decisions into a short time frame.  It would appear you are well on your way to being able to sell your home in 5-Days, provided only you work out any difference between the current market value and the least you are able to take.  If you view your 5-Day Sale through this lens you will be offered the most anyone will offer for your home at this time.

                            Decide now if you are going to take the offer.  If not, do not follow through with the Inspection and Round Robin--do something else Friday night--you are still far ahead of the game at minimal cost.

                            Bill Effros
                            Author








                            juliegorman at bellsouth.net wrote: 
                              Just thought I'd jump in here...I certainly am not a pro...but I placed an ad on Craigslist today and received 7 responses...Is that good? 

                              So far, between flyers, an ad in the newspaper, and Craigslist I have 13 responders in one day? I am hoping and praying for at least 40 by Friday night, with a minimum of the necessary 25. 

                              This process is a little scary. I was hoping to find more encouragement on this Forum. I understand telling the bad with the good. But when you are doing something that you are already fearful about...it sure would be good to have a little more assurance of the truth.

                              The truth is until a formal contract is signed neither I nor the buyer are bound to the bidding process.--is that true?

                              The truth is if this process doesn't work...I have the names and numbers of realtors...investors...and individuals who have expressed interest in my home that I can respond back to at a later time--is that true?

                              The truth is if I commit to this process...I will know by Sunday evening a very close estimate to what buyers say the value of my home is for that time and date...and I have the choice to either accept or reject their evaluation...of course with the understanding that I WILL take the highest bid Sunday evening, as long as it meets the banks highest bid of what I owe on it--is that true?

                              Please encourage me! This process is daunting the first time and just need a little encouragement from anyone who has had success.

                              Julie from Kentucky
                                -------------- Original message from Bill Effros <bill at effros.com>: -------------- 

                                Agreed.

                                But it tells you everything you need to know.

                                If you want to sell it now you can only get the current market price.  No one can say if that price will be higher or lower 3 months from now, or 6 months from now.

                                You can play around with 5 Day ads on Craigslist for nothing.

                                Always start them late Tuesday night.  If you don't have 2 or 3 responses by noon Wednesday, pull the ad and think over what that means.  It doesn't necessarily mean you can't sell your home, and it doesn't necessarily mean you can't get twice the starting price.

                                But would you take twice the starting price? or 90% of what you are hoping for?  or 80%?

                                At 1/2 current market price there should be a lot of enthusiasm, and the fast hit you get on Craigslist means failing to get 2 or 3 responses by noon Sunday must be interpreted as not enough enthusiasm.

                                I know you have been honestly trying to work this out, and you know I have never seen a housing market situation like the one we're in.  I'll keep thinking out loud with you, if you like.  At some point you'll know what you have to do.

                                Bill Effros
                                Author

                                j crafor wrote: 
                                Agents here will NOT list for 3 months, unless there is an automatic 3 month extension. THEN, according to one contract I read, there is ANOTHER three months beyond that that the seller cannot sell to anyone without giving the agent a commission, UNLESS it was re-listed with another agent. This was a contract from the agent that I had been working with for 15 years. 
                                 
                                That IS correct, which is why I decided to do FSBO. 
                                 
                                The last agent that I talked to, showed the house to at the open houes, immediately wanted to list it, 7.5% commission, 9 month listing....
                                No thanks. 
                                 

------------------------------------------------
                                Date: Wed, 5 Aug 2009 10:34:07 -0400
                                From: bill at effros.com
                                To: 5-dayforum at mailman.howtosellyourhomein5days.com
                                Subject: Re: [5-DayForum] Had a sale last weekend

                                JCrafor,

                                Your home is in a place where it has become extremely difficult to sell homes -- at any price.  Nobody knows what they are worth at this time.  List with an agent for a limited time period -- let's say 3 months.  See what happens.  Let us know.

                                I believe we are headed for a lot of inflation.  Homes in some places will start to rise in selling price.  But other homes will never be sold at any price.

                                Just my opinion -- this is not my area of expertise.

                                Bill Effros
                                Author

                                j crafor wrote: 
                                I had only one response for the 5day from Craigslist, and more for the standard open house on Craigslist.
                                Was considering doing a 5day this coming weekend (in Tucson) but will have a standard open house instead.  Sort of considering listing with an agent...
                                JCrafor
                                 

------------------------------------------------
                                From: Janetislight at aol.com
                                Date: Wed, 5 Aug 2009 09:24:53 -0400
                                To: 5-dayforum at mailman.howtosellyourhomein5days.com
                                Subject: Re: [5-DayForum] Had a sale last weekend


                                Yes, it would be interesting to know how to do this on Craigslist, since I has zero responses from an ad placed as laid out in the book.

                                Janet


                                In a message dated 8/4/2009 5:54:54 P.M. Central Daylight Time, bill at effros.com writes:
                                Sue,

                                You already understand most of what you've got to know.

                                The big change in the 4th edition is that it is now possible to run a 5-Day sale with zero advertising cost.

                                All you need is Craigslist.

                                Start your home at $24,500.  I know.  It sounds crazy.

                                But you know you'll get more than 25 responses by Friday night, and some people who say they will never leave St. Louis are going to drive out just to see what's going on.  You will get the most you can get for your home at the present time.

                                I have started at absurd prices many times. Literally a zillion people show up, and you must be ready for them.  There is no question that most of them cannot or will not pay what you are hoping for.  But so what?  3 people who know what your home is currently worth will pop out of the crowd, bid against each other, and you will get the most you can get for your home on the weekend you pick.

                                Enough people have computers so that you no longer have to take telephone calls.  You can do everything on the web -- and the response is instantaneous.

                                Prepare materials to email back to people before placing the ad.  You can send pictures.  You can explain in detail how you will run the sale.  Because you get to write it all out in advance, you can be sure everyone gets the same information, and you can be sure you have said exactly what you want to say.

                                I can't tell you exactly what materials to provide in response to Craigslist inquiries because I don't know yet.  I do know you will get an overwhelming number of responses, and virtually everyone looking for a home like yours will know yours is available and REALLY will be sold to the high bidder Sunday night.

                                Unlike Bill, your home can certainly be sold at this time.  Just like Bill, you can know exactly what you've got to do in just 5 Days at no cost.

                                If you start to develop "stock" internet responses to Craigslist, let us know what they are, and how they worked.

                                The Craigslist headline and body copy work differently than newspaper 5-Day Ads.  Again, let us know what works.

                                Also, watch the resubmission rules -- you don't want' to get frozen out of Craigslist in the middle of your 5-Day Sale.  I generally try to run one ad starting Tuesday night and deleting Thursday.  And an updating ad running Friday Saturday and Sunday.  You should have 25 responses by Thursday night.

                                Let us know how it goes.  You're on the right track.

                                Bill Effros
                                Author



                                Sue Pruett wrote: 
                                I am a big fan of this method.  We used the first book back in 1995 to sell our first house, and it worked great!  I always knew we would use this method for our second house.  Well, the time has come to sell our second house!  I purchased the book just about a month ago.  However, I didn't realize there was a third edition until about two weeks ago.  The seller didn't inform me of this fact!  I'm sure there is a lot in the third edition that would have been helpful to us!

                                Well, here's where our story stands right now.  

                                We live in Southern Illinois, across the Mississippi from St. Louis.  Homes in our neighborhood have been selling in the upper $80's in the past 4 months.  When we compare our home to these, some things are better in ours, some are worse.  Ours is larger than any of them.  We had hoped to get about $90K, but would have been more than satisfied with $85K.  

                                We tried the sale two weeks ago with ads in the only daily in town.  We got 4 calls.  We postponed the sale.  We were able to advertise in two weeklies, in addition to the daily.  We broke a big rule - we only had 17 calls by Friday, but went ahead with the sale.  At least 12 of our callers were so excited about the house, we thought we were good to go.  Don't break that rule!  We only had 5 families come to look, and only two bidders, and one could not afford our starting price.  We did get a $75K offer, and we agreed to sell it to her.

                                The other thing we did was start at $74,500, because we were scared to start lower.  I'm sure this also contributed to fewer callers.  We arent' sure the current buyer is going to come through.  We should know by tonight.  If she doesn't, we are purchasing the third edition of the book, and doing it right!  We'll start at $49,500, and we'll utilize the other advertising methods discussed in the third edition.  I almost wish the fourth edition was already out, as I'm worried we are behind the times with the internet advertising.  

                                I know I've gone on a long time, but I do have a question - can anyone point me to which internet advertising you all use.  I've never used anything but ebay to sell over the internet, and not for something like a house!    I'd just like to get a picture of how internet advertising works.  Thanks so much for sticking with my story!


                                Sue Pruett
                                32950 Delhi Road
                                Brighton, IL  62012
                                618-372-3501
                                Visit my blogs at http://www.thecharlottemasongirl.com/
                                and http://www.illinoisgreenhome.com
                                and http://parentingwithstyle.blogspot.com/
                                 

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From jryantist at yahoo.com  Mon Aug 10 09:11:08 2009
From: jryantist at yahoo.com (Jamie Ryan)
Date: Mon, 10 Aug 2009 06:11:08 -0700 (PDT)
Subject: [5-DayForum] Selling This Week!
Message-ID: <757086.1201.qm@web54301.mail.re2.yahoo.com>

My husband and I are going to start advertising tomorrow to sell our home in the Charlotte, NC area.? We bought it for around 90K as a fixer upper three years ago, and have done a ton of improvements - its actually turned out to be quite nice now!? I am planning on advertising in a local weekly paper, craigslist, postlets, zillow, and with street signs (the nice ones at the store were too expensive, so I got these wooden stakes that have adhesive on them for $0.97 each.? I printed signs like Bills example classified ad, and put them in sheet protectors with carboard in them, and they look pretty nice).? Julie previously had such great craigslist feedback that I am probably going to follow the way she laid out her craigslist ad (thanks Julie!).? We have also tossed around the idea of flyers at a nearby apartment building - our current mortgage and taxes are less than most people's rent - the apartment complex might not be too happy about that though
 so I don't know if we'll do it :)? Any other suggestions or advice?would be greatly appreciated, and I'll keep everyone posted as to our progress!
~Jamie


      
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From jcrafor at hotmail.com  Mon Aug 10 09:15:59 2009
From: jcrafor at hotmail.com (j crafor)
Date: Mon, 10 Aug 2009 13:15:59 +0000
Subject: [5-DayForum] Final results!!!
In-Reply-To: <081020090410.13388.4A7F9DA6000A9F110000344C22216125569B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
References: <c61.519c869d.37b0bde3@aol.com>
	<081020090410.13388.4A7F9DA6000A9F110000344C22216125569B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
Message-ID: <SNT116-W501DB00DC51697DCABC3CAE060@phx.gbl>


FANTASTIC! 

Job well done.

 

Congratulations, and best wishes. 

I know we were all rooting for you.

 

JCrafor


 


From: juliegorman at bellsouth.net
To: 5-dayforum at mailman.howtosellyourhomein5days.com; 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Mon, 10 Aug 2009 04:10:17 +0000
CC: Janetislight at aol.com
Subject: [5-DayForum] Final results!!!



Believe it or not...we received a total of 310 calls...way too many! Had 46 Bids. Came down between 2 bidders. 
 
Our final outcome...we sold our home for $350,000. Considerably less than we had hoped for...BUT...WE SOLD OUR HOME! 
 
5
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From bill at effros.com  Mon Aug 10 10:09:53 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 10 Aug 2009 10:09:53 -0400
Subject: [5-DayForum] Selling This Week!
In-Reply-To: <757086.1201.qm@web54301.mail.re2.yahoo.com>
References: <757086.1201.qm@web54301.mail.re2.yahoo.com>
Message-ID: <4A802A31.90206@effros.com>

Jamie,

What do you think you can currently get for this home?

Advertise it on Craigslist, only, late Tuesday night, at 50% of what you 
honestly believe you can get, dropped down to a "Magic Number".

If you don't get a "handful" of responses by noon Wednesday, solely from 
the Craigslist ad, STOP EVERYTHING--and pull the ad!

You have spent nothing.  You are not likely to get anywhere near what 
you think your home is worth if you continue with the 5-Day Method, no 
matter how many additional responses you coax out of the woodwork.  
Rethink the value of your home.  If you are willing to take less than 
you originally thought, recalibrate the 5-Day Ad and run it again in 
Craigslist.  Same drill.  If you don't get immediate response, don't 
proceed.

If you do get responses immediately from Craigslist, as Julie did, you 
can roll out whatever advertising you think you need.  Julie did not 
need to get nearly 400 responses.  She would have received the same 
final price if she had originally advertised in Craigslist at $174,500.  
Enough people know how to read a 5-Day ad these days to know what people 
are hoping to get.

The initial response to Craigslist advertising is an almost infallible 
indication of your ability to sell your home at the present time for an 
amount somewhere around what you are hoping for, utilizing the 5-Day Method.

Don't get your hopes up, only to have them dashed, by advertising in a 
lot of other places, before you can be sure there is a market for your 
home at this time at a price acceptable to you.

If you can't take what you can get, stop the 5-Day Sale.  If you think 
some other method can get you what want, try it.  You can always try the 
5-Day Method again, another time, if the other method doesn't work out.

If you can sell your home this week at a price acceptable to you, you 
can know it by noon Wednesday -- just as Julie did.  If you can't, you 
can learn what you need to know at no cost.

In either case, you can recalibrate your expectations before you spend a 
lot of time, money, and effort.

Bill Effros
Author



Jamie Ryan wrote:
> My husband and I are going to start advertising tomorrow to sell our 
> home in the Charlotte, NC area.  We bought it for around 90K as a 
> fixer upper three years ago, and have done a ton of improvements - its 
> actually turned out to be quite nice now!  I am planning on 
> advertising in a local weekly paper, craigslist, postlets, zillow, and 
> with street signs (the nice ones at the store were too expensive, so I 
> got these wooden stakes that have adhesive on them for $0.97 each.  I 
> printed signs like Bills example classified ad, and put them in sheet 
> protectors with carboard in them, and they look pretty nice).  Julie 
> previously had such great craigslist feedback that I am probably going 
> to follow the way she laid out her craigslist ad (thanks Julie!).  We 
> have also tossed around the idea of flyers at a nearby apartment 
> building - our current mortgage and taxes are less than most people's 
> rent - the apartment complex might not be too happy about that though 
> so I don't know if we'll do it :)  Any other suggestions or 
> advice would be greatly appreciated, and I'll keep everyone posted as 
> to our progress!
> ~Jamie
>
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From jryantist at yahoo.com  Mon Aug 10 12:09:39 2009
From: jryantist at yahoo.com (Jamie Ryan)
Date: Mon, 10 Aug 2009 09:09:39 -0700 (PDT)
Subject: [5-DayForum] Selling This Week!
In-Reply-To: <4A802A31.90206@effros.com>
Message-ID: <257746.84570.qm@web54305.mail.re2.yahoo.com>

Thanks Bill,
We think we can realistically get at least 100K for it currently, 120K at most?- more if the market were better, but we would like to get it sold as soon as we can because we are moving.? Previously on the forum, someone posted about a home that was worth about 90K, and you told her to list it for 24,500 or something like that.? Based on that, we were going to list at 34,500.? Is that too low?? Should we post at more like 54,500?? Thanks for the info - I'll definitely try posting on craigslist first - we are definitely not looking to spend much money on advertising, most of the places that we were planning on posting are free.
Thanks,
Jamie? 

--- On Mon, 8/10/09, Bill Effros <bill at effros.com> wrote:


From: Bill Effros <bill at effros.com>
Subject: Re: [5-DayForum] Selling This Week!
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Monday, August 10, 2009, 10:09 AM


Jamie,

What do you think you can currently get for this home?

Advertise it on Craigslist, only, late Tuesday night, at 50% of what you honestly believe you can get, dropped down to a "Magic Number".

If you don't get a "handful" of responses by noon Wednesday, solely from the Craigslist ad, STOP EVERYTHING--and pull the ad!

You have spent nothing.? You are not likely to get anywhere near what you think your home is worth if you continue with the 5-Day Method, no matter how many additional responses you coax out of the woodwork.? Rethink the value of your home.? If you are willing to take less than you originally thought, recalibrate the 5-Day Ad and run it again in Craigslist.? Same drill.? If you don't get immediate response, don't proceed.

If you do get responses immediately from Craigslist, as Julie did, you can roll out whatever advertising you think you need.? Julie did not need to get nearly 400 responses.? She would have received the same final price if she had originally advertised in Craigslist at $174,500.? Enough people know how to read a 5-Day ad these days to know what people are hoping to get.

The initial response to Craigslist advertising is an almost infallible indication of your ability to sell your home at the present time for an amount somewhere around what you are hoping for, utilizing the 5-Day Method.

Don't get your hopes up, only to have them dashed, by advertising in a lot of other places, before you can be sure there is a market for your home at this time at a price acceptable to you.

If you can't take what you can get, stop the 5-Day Sale.? If you think some other method can get you what want, try it.? You can always try the 5-Day Method again, another time, if the other method doesn't work out.

If you can sell your home this week at a price acceptable to you, you can know it by noon Wednesday -- just as Julie did.? If you can't, you can learn what you need to know at no cost.

In either case, you can recalibrate your expectations before you spend a lot of time, money, and effort.

Bill Effros
Author



Jamie Ryan wrote: 





My husband and I are going to start advertising tomorrow to sell our home in the Charlotte, NC area.? We bought it for around 90K as a fixer upper three years ago, and have done a ton of improvements - its actually turned out to be quite nice now!? I am planning on advertising in a local weekly paper, craigslist, postlets, zillow, and with street signs (the nice ones at the store were too expensive, so I got these wooden stakes that have adhesive on them for $0.97 each.? I printed signs like Bills example classified ad, and put them in sheet protectors with carboard in them, and they look pretty nice).? Julie previously had such great craigslist feedback that I am probably going to follow the way she laid out her craigslist ad (thanks Julie!).? We have also tossed around the idea of flyers at a nearby apartment building - our current mortgage and taxes are less than most people's rent - the apartment complex might not be too happy about that though
 so I don't know if we'll do it :)? Any other suggestions or advice?would be greatly appreciated, and I'll keep everyone posted as to our progress!
~Jamie

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From Janetislight at aol.com  Mon Aug 10 13:00:02 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Mon, 10 Aug 2009 13:00:02 EDT
Subject: [5-DayForum] Selling This Week!
Message-ID: <d09.4658829a.37b1ac12@aol.com>

Half and then reduce by $500.  So you would list at $49,500 for a  house 
selling for $100,000.  However, from what I have seen so far, I  haven't seen 
anyone get "double" their listing price.  Just and FYI.
 
Janet
 
 
In a message dated 8/10/2009 11:11:20 A.M. Central Daylight Time,  
jryantist at yahoo.com writes:

Thanks Bill,
We think we can realistically get at least 100K for it currently,  120K at 
most - more if the market were better, but we would like to  get it sold as 
soon as we can because we are moving.  Previously on  the forum, someone 
posted about a home that was worth about 90K, and you  told her to list it for 
24,500 or something like that.  Based on  that, we were going to list at 
34,500.  Is that too low?   Should we post at more like 54,500?  Thanks for the 
info - I'll  definitely try posting on craigslist first - we are definitely 
not  looking to spend much money on advertising, most of the places that we 
 were planning on posting are free.
Thanks,
Jamie  

--- On Mon, 8/10/09, Bill Effros  <bill at effros.com> wrote:



From:  Bill Effros <bill at effros.com>
Subject: Re: [5-DayForum]  Selling This Week!
To: "How To Sell Your Home in 5-Days"  
<5-dayforum at mailman.howtosellyourhomein5days.com>
Date:  Monday, August 10, 2009, 10:09 AM

Jamie,

What do you think  you can currently get for this home?

Advertise it on  Craigslist, only, late Tuesday night, at 50% of what you 
honestly  believe you can get, dropped down to a "Magic Number".

If you  don't get a "handful" of responses by noon Wednesday, solely from 
the  Craigslist ad, STOP EVERYTHING--and pull the ad!

You have spent  nothing.  You are not likely to get anywhere near what you 
think  your home is worth if you continue with the 5-Day Method, no matter  
how many additional responses you coax out of the woodwork.   Rethink the 
value of your home.  If you are willing to take less  than you originally 
thought, recalibrate the 5-Day Ad and run it again  in Craigslist.  Same drill.  
If you don't get immediate  response, don't proceed.

If you do get responses immediately  from Craigslist, as Julie did, you can 
roll out whatever advertising  you think you need.  Julie did not need to 
get nearly 400  responses.  She would have received the same final price if 
she  had originally advertised in Craigslist at $174,500.  Enough  people 
know how to read a 5-Day ad these days to know what people are  hoping to get.

The initial response to Craigslist advertising  is an almost infallible 
indication of your ability to sell your home  at the present time for an amount 
somewhere around what you are hoping  for, utilizing the 5-Day Method.

Don't get your hopes up, only  to have them dashed, by advertising in a lot 
of other places, before  you can be sure there is a market for your home at 
this time at a  price acceptable to you.

If you can't take what you can get,  stop the 5-Day Sale.  If you think 
some other method can get you  what want, try it.  You can always try the 5-Day 
Method again,  another time, if the other method doesn't work out.

If you can  sell your home this week at a price acceptable to you, you can 
know it  by noon Wednesday -- just as Julie did.  If you can't, you can  
learn what you need to know at no cost.

In either case, you can  recalibrate your expectations before you spend a 
lot of time, money,  and effort.

Bill Effros
Author



Jamie  Ryan wrote:  
My husband and I are going to start advertising tomorrow  to sell our home 
in the Charlotte, NC area.  We bought it  for around 90K as a fixer upper 
three years ago, and have done  a ton of improvements - its actually turned 
out to be quite  nice now!  I am planning on advertising in a local weekly  
paper, craigslist, postlets, zillow, and with street signs  (the nice ones at 
the store were too expensive, so I got these  wooden stakes that have 
adhesive on them for $0.97 each.   I printed signs like Bills example classified 
ad, and put them  in sheet protectors with carboard in them, and they look  
pretty nice).  Julie previously had such great craigslist  feedback that I am 
probably going to follow the way she laid  out her craigslist ad (thanks 
Julie!).  We have also  tossed around the idea of flyers at a nearby apartment 
 building - our current mortgage and taxes are less than most  people's 
rent - the apartment complex might not be too happy  about that though so I 
don't know if we'll do it :)  Any  other suggestions or advice would be greatly 
appreciated,  and I'll keep everyone posted as to our progress!
~Jamie

 
____________________________________


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From Glendda at aol.com  Mon Aug 10 14:33:11 2009
From: Glendda at aol.com (Glendda at aol.com)
Date: Mon, 10 Aug 2009 14:33:11 EDT
Subject: [5-DayForum] settlement agent??
Message-ID: <bcc.51f6fdec.37b1c1e7@aol.com>

We just bought the book yesterday and have been reading it but what I would 
 like to know is what is a "settlement agent"? It is an attorney, a realtor 
or a  real estate attorney? I have no clue maybe someone could answer that 
for me.  That would be very helpful.   
Thanks Glenda
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From lea at pisarik.com  Mon Aug 10 15:11:52 2009
From: lea at pisarik.com (Paul Pisarik)
Date: Mon, 10 Aug 2009 12:11:52 -0700 (PDT)
Subject: [5-DayForum] We've started the process
Message-ID: <409246.61354.qm@web1101.biz.mail.sk1.yahoo.com>

My husband and I live in Tulsa Oklahoma and are planning a 5-day sale this weekend.  We plan to put our ad on Craig's List today but I missed the one that Julie used so successfully and now the link is dead.  Could someone post her ad?  Our big issue is that we do not have help.  We were lucky to find someone to take our two 3 year old sons and our two cats but we don't have anyone who can help us this weekend.  Any suggestions for how to handle that?  After reading Julie's experience, I'm now a bit worried about the lack of help.
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From jryantist at yahoo.com  Mon Aug 10 16:19:34 2009
From: jryantist at yahoo.com (Jamie Ryan)
Date: Mon, 10 Aug 2009 13:19:34 -0700 (PDT)
Subject: [5-DayForum] We've started the process
In-Reply-To: <409246.61354.qm@web1101.biz.mail.sk1.yahoo.com>
Message-ID: <461917.3371.qm@web54305.mail.re2.yahoo.com>

I know how you feel on the help for the weekend - we are still looking for someone to watch our 1.5 year old and dog on sunday, and no one is available to help so far with the sale - hopefully some of?our friends'?schedules will free up soon!

--- On Mon, 8/10/09, Paul Pisarik <lea at pisarik.com> wrote:


From: Paul Pisarik <lea at pisarik.com>
Subject: [5-DayForum] We've started the process
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Monday, August 10, 2009, 3:11 PM






My husband and I live in Tulsa Oklahoma and are planning a 5-day sale this weekend.? We plan to put our ad on Craig's List today but I missed the one that Julie used so successfully and now the link is dead.? Could someone post her ad?? Our big issue is that we do not have help.? We were lucky to find someone to take our two 3 year old sons and our two cats but we don't have anyone who can help us this weekend.? Any suggestions for how to handle that?? After reading Julie's experience, I'm now a bit worried about the lack of help.

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From Janetislight at aol.com  Mon Aug 10 18:08:38 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Mon, 10 Aug 2009 18:08:38 EDT
Subject: [5-DayForum] settlement agent??
Message-ID: <bbc.47cd1721.37b1f466@aol.com>

I could be a real estate attorney or title company depending on where you  
live.  I would call a real estate attorney first.
 
Janet
 
 
In a message dated 8/10/2009 2:44:37 P.M. Central Daylight Time,  
Glendda at aol.com writes:

We just bought the book yesterday and have been reading it but what I  
would like to know is what is a "settlement agent"? It is an attorney, a  
realtor or a real estate attorney? I have no clue maybe someone could answer  that 
for me. That would be very helpful.   
Thanks Glenda

 
____________________________________



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From Janetislight at aol.com  Mon Aug 10 18:15:37 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Mon, 10 Aug 2009 18:15:37 EDT
Subject: [5-DayForum] We've started the process
Message-ID: <cf9.5f14e8bf.37b1f609@aol.com>

You can probably do with three people.  It's better to have less  people 
who understand the process, than more people who don't.  Two people  are 
crucial.  First the person escorting someone to the information you  have 
prepared.  Second the closer.  I had four at mine, and let one go  because he was 
NOT helping.  I'd rather run about a little faster and  establish rapport a 
little more quickly than have someone who is not good for  selling purposes.  
Just my little humble thoughts.
 
Janet
 
 
In a message dated 8/10/2009 3:20:56 P.M. Central Daylight Time,  
jryantist at yahoo.com writes:

I know how you feel on the help for the weekend - we are  still looking for 
someone to watch our 1.5 year old and dog on sunday,  and no one is 
available to help so far with the sale - hopefully some  of our friends' schedules 
will free up soon!

--- On  Mon, 8/10/09, Paul Pisarik <lea at pisarik.com>  wrote:


From:  Paul Pisarik <lea at pisarik.com>
Subject: [5-DayForum] We've  started the process
To:  5-dayforum at mailman.howtosellyourhomein5days.com
Date: Monday,  August 10, 2009, 3:11 PM

  
 
My husband and I live in Tulsa Oklahoma and are planning a 5-day  sale this 
weekend.  We plan to put our ad on Craig's List today  but I missed the one 
that Julie used so successfully and now the link  is dead.  Could someone 
post her ad?  Our big issue is that  we do not have help.  We were lucky to 
find someone to take our  two 3 year old sons and our two cats but we don't 
have anyone who can  help us this weekend.  Any suggestions for how to handle 
 that?  After reading Julie's experience, I'm now a bit worried  about the 
lack of help.




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From lea at pisarik.com  Mon Aug 10 18:55:17 2009
From: lea at pisarik.com (Paul Pisarik)
Date: Mon, 10 Aug 2009 15:55:17 -0700 (PDT)
Subject: [5-DayForum] Julie Goreman's Craig's List Ad
Message-ID: <883760.98549.qm@web1116.biz.mail.sk1.yahoo.com>

I would really like to see how Julie Goreman did her Craig's list ad.  If anyone has a copy of it, could you please post it?  I'm having a hard time navigating the forum and sending quick replies. 
I am creating a new email each time I post and having to remember the
Subject line.  I'm sure I must be doing something wrong here.  Is there an easier way to do this?   
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From jryantist at yahoo.com  Mon Aug 10 19:08:49 2009
From: jryantist at yahoo.com (Jamie Ryan)
Date: Mon, 10 Aug 2009 16:08:49 -0700 (PDT)
Subject: [5-DayForum] Julie Goreman's Craig's List Ad
In-Reply-To: <883760.98549.qm@web1116.biz.mail.sk1.yahoo.com>
Message-ID: <285651.9230.qm@web54302.mail.re2.yahoo.com>

Here's the ad she posted - it also had 4 pics
?
$199500 Amazing Oldham County Home Goes to Highest Bidder Sunday

Date: 2009-08-05, 11:00AM EDT
Reply to: juliegorman at bellsouth.net [Errors when replying to ads?]




Our 3734 sq. ft. 1 1/2 story brick home sits on 1.3 partially wooded acres and has 4 Bedrooms, 3 1/2 Baths, a formal Dining Room, and Eat-in-Kitchen with the Master Bedroom and utility room conveniently located on the first floor. 

The kitchen is fully equipped with cherry wood cabinets and ALL NEW top of the line Stainless Appliances, including an Electrolux Dual Convection Oven and an Advantium Oven/Microwave, making those big family gatherings a breeze. 

The Finished Walk-Out Basement is set for fun with a Bar area, Game Room, Movie Room w/ Fireplace, plus an unfinished area perfect for an Office or Play room. 

The Basement Opens to a Large Outdoor Patio connected to paver stones and leads to a beautiful, heated, 20X40, Fenced In-ground Diving Pool w/ automatic safety cover. The pool is surrounded by a lush tropical garden and thanks to the Polaris cleaning system, you will spend more time relaxing by the pool instead of having to clean it. 

Other features include a 12X 24 Out-Building, Wooden Play set, Vegetable Garden, Full Irrigation System, Mature Landscaping w/ Desert Rose Rock, so you can spend time at the pool, rather than mulching! 

The home is within walking distance of the coveted East Oldham Middle School and Oldham County Locust Grove Elementary School. Just minutes from shopping and I71, 

The Open House will be held this Saturday and Sunday from 10-5. AND, the House will be sold SUNDAY NIGHT to the HIGHEST BIDDER. 

A full inspection report will be provided at the Open House from Pillar to Post. The professional who inspected our home said it was one of the cleanest reports he's ever done. 

For more information call (502) 773-0876 or email juliegorman at bellsouth.net 



it's NOT ok to contact this poster with services or other commercial interests

--- On Mon, 8/10/09, Paul Pisarik <lea at pisarik.com> wrote:


From: Paul Pisarik <lea at pisarik.com>
Subject: [5-DayForum] Julie Goreman's Craig's List Ad
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Monday, August 10, 2009, 6:55 PM






I would really like to see how Julie Goreman did her Craig's list ad.? If anyone has a copy of it, could you please post it?? I'm having a hard time navigating the forum and sending quick replies.? I am creating a new email each time I post and having to remember the Subject line.? I'm sure I must be doing something wrong here.? Is there an easier way to do this??? 
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From jcrafor at hotmail.com  Mon Aug 10 19:12:42 2009
From: jcrafor at hotmail.com (j crafor)
Date: Mon, 10 Aug 2009 23:12:42 +0000
Subject: [5-DayForum] settlement agent?
In-Reply-To: <bcc.51f6fdec.37b1c1e7@aol.com>
References: <bcc.51f6fdec.37b1c1e7@aol.com>
Message-ID: <SNT116-W357F7A57E948DD9B3FB7CDAE060@phx.gbl>


Depends on what your state law says. I'm in Arixona. I called a real estate attorney (one who's business is mainly, or only, real estate). He told me he could do what I need, but it would be a waste of my money and his time. He told me to call a title company, they do the same thing, better, faster, and cheaper. 

 

I called a few title companies, told them what I was doing, and asked them to semd me a copy of the paperwork we would have to fill out. After I got that, I chose the one that seemed to fit better--location, clarity of paperwork, help available over the phone, etc. I made several copies of thosse papers, and filled one out as best as I could for practice, and had to look up info. Doing that beforehand made it easier than in the heat of the moment. And I had a copy for the buyer, too, and a clean copy we both would fill out to take to the title co. 

 

Hope that helps.

JCrafor
 


From: Glendda at aol.com
Date: Mon, 10 Aug 2009 14:33:11 -0400
To: 5-dayforum at howtosellyourhomein5days.com
Subject: [5-DayForum] settlement agent??


We just bought the book yesterday and have been reading it but what I would like to know is what is a "settlement agent"? It is an attorney, a realtor or a real estate attorney? I have no clue maybe someone could answer that for me. That would be very helpful.   
Thanks Glenda




_________________________________________________________________
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From rosemarie-fred at mindspring.com  Mon Aug 10 19:14:23 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Mon, 10 Aug 2009 19:14:23 -0400
Subject: [5-DayForum] settlement agent??
References: <bcc.51f6fdec.37b1c1e7@aol.com>
Message-ID: <16CD23CFD44C44EA9BFED7004EE7DBA7@rosemarifv6onv>

It's an attorney or a title company. Some states use one, some the other. It's the firm that will handle the closing for you.
Rosemarie
(sometime seller)
  ----- Original Message ----- 
  From: Glendda at aol.com 
  To: 5-dayforum at howtosellyourhomein5days.com 
  Sent: Monday, August 10, 2009 2:33 PM
  Subject: [5-DayForum] settlement agent??


  We just bought the book yesterday and have been reading it but what I would like to know is what is a "settlement agent"? It is an attorney, a realtor or a real estate attorney? I have no clue maybe someone could answer that for me. That would be very helpful.   
  Thanks Glenda


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From rosemarie-fred at mindspring.com  Mon Aug 10 19:16:42 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Mon, 10 Aug 2009 19:16:42 -0400
Subject: [5-DayForum] We've started the process
References: <461917.3371.qm@web54305.mail.re2.yahoo.com>
Message-ID: <08396385A789494DA2A6F22ECC201D28@rosemarifv6onv>

Where do you live? It's possible that someone on the forum lives nearby and would lend a hand. We started once to ask people to put their city in the subject line. I think that would be very helpful.
Rosemarie
  ----- Original Message ----- 
  From: Jamie Ryan 
  To: How To Sell Your Home in 5-Days 
  Sent: Monday, August 10, 2009 4:19 PM
  Subject: Re: [5-DayForum] We've started the process


        I know how you feel on the help for the weekend - we are still looking for someone to watch our 1.5 year old and dog on sunday, and no one is available to help so far with the sale - hopefully some of our friends' schedules will free up soon!

        --- On Mon, 8/10/09, Paul Pisarik <lea at pisarik.com> wrote:


          From: Paul Pisarik <lea at pisarik.com>
          Subject: [5-DayForum] We've started the process
          To: 5-dayforum at mailman.howtosellyourhomein5days.com
          Date: Monday, August 10, 2009, 3:11 PM


          My husband and I live in Tulsa Oklahoma and are planning a 5-day sale this weekend.  We plan to put our ad on Craig's List today but I missed the one that Julie used so successfully and now the link is dead.  Could someone post her ad?  Our big issue is that we do not have help.  We were lucky to find someone to take our two 3 year old sons and our two cats but we don't have anyone who can help us this weekend.  Any suggestions for how to handle that?  After reading Julie's experience, I'm now a bit worried about the lack of help.


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From jcrafor at hotmail.com  Mon Aug 10 19:23:29 2009
From: jcrafor at hotmail.com (j crafor)
Date: Mon, 10 Aug 2009 23:23:29 +0000
Subject: [5-DayForum] Julie Goreman's Craig's List Ad
In-Reply-To: <883760.98549.qm@web1116.biz.mail.sk1.yahoo.com>
References: <883760.98549.qm@web1116.biz.mail.sk1.yahoo.com>
Message-ID: <SNT116-W10AE15D9332EFE6B2F48EAAE060@phx.gbl>



 Just click the "reply" link. That puts the email you're responding to below, and you write in the space above if you want. Or, see below, others may respond like this:


Date: Mon, 10 Aug 2009 15:55:17 -0700
From: lea at pisarik.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Julie Goreman's Craig's List Ad





I would really like to see how Julie Goreman did her Craig's list ad.  If anyone has a copy of it, could you please post it?  
One of the members has answered that already. Somebody may be able to find and post the url for it. 
 
I'm having a hard time navigating the forum and sending quick replies. 
As I said above, just click the "reply" link above the box the message is  in.
 
 I am creating a new email each time I post and having to remember the Subject line.  I'm sure I must be doing something wrong here.  Is there an easier way to do this?   
To get the color in the reply so that my responses to your questions stand out, look above here, see the "A" with the red bar under it? Click that, and you get a drop-down menu of color choices. You can either click a color and then type, or, type in black, then highlight what you typed, and click a color choice. 
Hope that helps.
JCrafor  
 
oops!    to insert an emoticon, click the face on the bar above, get the dropdown menu, and click on the face you want in that place. 
_________________________________________________________________
Get back to school stuff for them and cashback for you.
http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackToSchool_Cashback_BTSCashback_1x1
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From jryantist at yahoo.com  Mon Aug 10 20:00:55 2009
From: jryantist at yahoo.com (Jamie Ryan)
Date: Mon, 10 Aug 2009 17:00:55 -0700 (PDT)
Subject: [5-DayForum] We've started the process
In-Reply-To: <461917.3371.qm@web54305.mail.re2.yahoo.com>
Message-ID: <959869.15454.qm@web54304.mail.re2.yahoo.com>

In reponse to Rosemarie's post, I am near Charlotte, in Kannapolis, NC if anyone wants to help out - good experience for your own sale I guess :)
~Jamie

--- On Mon, 8/10/09, Jamie Ryan <jryantist at yahoo.com> wrote:


From: Jamie Ryan <jryantist at yahoo.com>
Subject: Re: [5-DayForum] We've started the process
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Monday, August 10, 2009, 4:19 PM






I know how you feel on the help for the weekend - we are still looking for someone to watch our 1.5 year old and dog on sunday, and no one is available to help so far with the sale - hopefully some of?our friends'?schedules will free up soon!

--- On Mon, 8/10/09, Paul Pisarik <lea at pisarik.com> wrote:


From: Paul Pisarik <lea at pisarik.com>
Subject: [5-DayForum] We've started the process
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Monday, August 10, 2009, 3:11 PM






My husband and I live in Tulsa Oklahoma and are planning a 5-day sale this weekend.? We plan to put our ad on Craig's List today but I missed the one that Julie used so successfully and now the link is dead.? Could someone post her ad?? Our big issue is that we do not have help.? We were lucky to find someone to take our two 3 year old sons and our two cats but we don't have anyone who can help us this weekend.? Any suggestions for how to handle that?? After reading Julie's experience, I'm now a bit worried about the lack of help.

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From Sharonfuria at aol.com  Mon Aug 10 17:03:02 2009
From: Sharonfuria at aol.com (Sharonfuria at aol.com)
Date: Mon, 10 Aug 2009 17:03:02 EDT
Subject: [5-DayForum] 5-DayForum Digest, Vol 29, Issue 24
Message-ID: <cb6.55187e1e.37b1e506@aol.com>

Jamie,  I have friends who have a 70 unit apartment building.   They have a 
waiting list of potential tenants.  You might ask them if they  have a 
waiting list.  If so, you might tell them that you will give them a  finders fee 
of $300 if one of their renters becomes you buyer.   That  might be a very 
good incentive for them to help you. 
 
Sharon Furia
Sharidan Management Services,  Inc
973-615-0542
"Providing Services that Add Value to your Life"  

 
In a message dated 8/10/2009 12:06:46 P.M. Eastern Daylight Time,  
5-dayforum-request at mailman.howtosellyourhomein5days.com writes:

Send  5-DayForum mailing list submissions to
5-dayforum at mailman.howtosellyourhomein5days.com

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or,  via email, send a message with subject or body 'help' to
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When replying,  please edit your Subject line so it is more specific
than "Re: Contents of  5-DayForum digest..."


Today's Topics:

1.  Selling This Week! (Jamie Ryan)
2. Re: Final results!!! (j  crafor)
3. Re: Selling This Week! (Bill  Effros)


----------------------------------------------------------------------

Message:  1
Date: Mon, 10 Aug 2009 06:11:08 -0700 (PDT)
From: Jamie Ryan  <jryantist at yahoo.com>
Subject: [5-DayForum] Selling This Week!
To:  5-dayforum at howtosellyourhomein5days.com
Message-ID:  <757086.1201.qm at web54301.mail.re2.yahoo.com>
Content-Type:  text/plain; charset="iso-8859-1"

My husband and I are going to start  advertising tomorrow to sell our home 
in the Charlotte, NC area.? We bought it  for around 90K as a fixer upper 
three years ago, and have done a ton of  improvements - its actually turned 
out to be quite nice now!? I am planning on  advertising in a local weekly 
paper, craigslist, postlets, zillow, and with  street signs (the nice ones at 
the store were too expensive, so I got these  wooden stakes that have 
adhesive on them for $0.97 each.? I printed signs like  Bills example classified 
ad, and put them in sheet protectors with carboard in  them, and they look 
pretty nice).? Julie previously had such great craigslist  feedback that I am 
probably going to follow the way she laid out her  craigslist ad (thanks 
Julie!).? We have also tossed around the idea of flyers  at a nearby apartment 
building - our current mortgage and taxes are less than  most people's rent - 
the apartment complex might not be too happy about that  though
so I don't know if we'll do it :)? Any other suggestions or  advice?would 
be greatly appreciated, and I'll keep everyone posted as to our  progress!
~Jamie



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Message: 2
Date: Mon, 10 Aug  2009 13:15:59 +0000
From: j crafor <jcrafor at hotmail.com>
Subject:  Re: [5-DayForum] Final results!!!
To: "5-dayforum at mailman.how tosellyour  home"
<5-dayforum at mailman.howtosellyourhomein5days.com>
Message-ID:  <SNT116-W501DB00DC51697DCABC3CAE060 at phx.gbl>
Content-Type:  text/plain; charset="iso-8859-1"


FANTASTIC! 

Job well  done.



Congratulations, and best wishes. 

I know we were  all rooting for you.



JCrafor





From:  juliegorman at bellsouth.net
To:  5-dayforum at mailman.howtosellyourhomein5days.com;  
5-dayforum at mailman.howtosellyourhomein5days.com
Date: Mon, 10 Aug 2009  04:10:17 +0000
CC: Janetislight at aol.com
Subject: [5-DayForum] Final  results!!!



Believe it or not...we received a total of 310  calls...way too many! Had 
46 Bids. Came down between 2 bidders. 

Our  final outcome...we sold our home for $350,000. Considerably less than 
we had  hoped for...BUT...WE SOLD OUR HOME!  

5
_________________________________________________________________
Express  your personality in color! Preview and select themes for Hotmail?. 
 
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Message: 3
Date: Mon, 10 Aug  2009 10:09:53 -0400
From: Bill Effros <bill at effros.com>
Subject:  Re: [5-DayForum] Selling This Week!
To: How To Sell Your Home in  5-Days
<5-dayforum at mailman.howtosellyourhomein5days.com>
Message-ID:  <4A802A31.90206 at effros.com>
Content-Type: text/plain;  charset="iso-8859-1"

Jamie,

What do you think you can currently  get for this home?

Advertise it on Craigslist, only, late Tuesday  night, at 50% of what you 
honestly believe you can get, dropped down to a  "Magic Number".

If you don't get a "handful" of responses by noon  Wednesday, solely from 
the Craigslist ad, STOP EVERYTHING--and pull the  ad!

You have spent nothing.  You are not likely to get anywhere  near what 
you think your home is worth if you continue with the 5-Day  Method, no 
matter how many additional responses you coax out of the  woodwork.  
Rethink the value of your home.  If you are willing  to take less than 
you originally thought, recalibrate the 5-Day Ad and run  it again in 
Craigslist.  Same drill.  If you don't get immediate  response, don't 
proceed.

If you do get responses immediately from  Craigslist, as Julie did, you 
can roll out whatever advertising you think  you need.  Julie did not 
need to get nearly 400 responses.  She  would have received the same 
final price if she had originally advertised  in Craigslist at $174,500.  
Enough people know how to read a 5-Day ad  these days to know what people 
are hoping to get.

The initial  response to Craigslist advertising is an almost infallible 
indication of  your ability to sell your home at the present time for an 
amount somewhere  around what you are hoping for, utilizing the 5-Day 
Method.

Don't get  your hopes up, only to have them dashed, by advertising in a 
lot of other  places, before you can be sure there is a market for your 
home at this  time at a price acceptable to you.

If you can't take what you can get,  stop the 5-Day Sale.  If you think 
some other method can get you what  want, try it.  You can always try the 
5-Day Method again, another  time, if the other method doesn't work out.

If you can sell your home  this week at a price acceptable to you, you 
can know it by noon Wednesday  -- just as Julie did.  If you can't, you 
can learn what you need to  know at no cost.

In either case, you can recalibrate your expectations  before you spend a 
lot of time, money, and effort.

Bill  Effros
Author



Jamie Ryan wrote:
> My husband and I are  going to start advertising tomorrow to sell our 
> home in the  Charlotte, NC area.  We bought it for around 90K as a 
> fixer  upper three years ago, and have done a ton of improvements - its 
>  actually turned out to be quite nice now!  I am planning on 
>  advertising in a local weekly paper, craigslist, postlets, zillow, and  
> with street signs (the nice ones at the store were too expensive, so  I 
> got these wooden stakes that have adhesive on them for $0.97  each.  I 
> printed signs like Bills example classified ad, and put  them in sheet 
> protectors with carboard in them, and they look pretty  nice).  Julie 
> previously had such great craigslist feedback that  I am probably going 
> to follow the way she laid out her craigslist ad  (thanks Julie!).  We 
> have also tossed around the idea of flyers  at a nearby apartment 
> building - our current mortgage and taxes are  less than most people's 
> rent - the apartment complex might not be too  happy about that though 
> so I don't know if we'll do it :)  Any  other suggestions or 
> advice would be greatly appreciated, and I'll  keep everyone posted as 
> to our progress!
>  ~Jamie
>
>
>  ------------------------------------------------------------------------
>
>  _______________________________________________
> 5-DayForum mailing  list
> 5-DayForum at mailman.howtosellyourhomein5days.com
>  
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>    
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End  of 5-DayForum Digest, Vol 29, Issue  24
******************************************



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From bill at effros.com  Mon Aug 10 21:15:48 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 10 Aug 2009 21:15:48 -0400
Subject: [5-DayForum] Julie Goreman's Craig's List Ad
In-Reply-To: <285651.9230.qm@web54302.mail.re2.yahoo.com>
References: <285651.9230.qm@web54302.mail.re2.yahoo.com>
Message-ID: <4A80C644.7020306@effros.com>



Jamie Ryan wrote:
>
>
>     Here's the ad she posted - it also had 4 pics
>
>
>      
>
>
>     $199500 Amazing Oldham County Home Goes to Highest Bidder Sunday
>
> ------------------------------------------------------------------------
> Date: 2009-08-05, 11:00AM EDT
> Reply to: juliegorman at bellsouth.net 
> <mailto:juliegorman at bellsouth.net?subject=%24199500%20Amazing%20Oldham%20County%20Home%20Goes%20to%20Highest%20Bidder%20Sunday&body=%0A%0Ahttp%3A%2F%2Flouisville.craigslist.org%2Freo%2F1306996049.html%0A> 
> ^[Errors when replying to ads? 
> <http://www.craigslist.org/about/help/replying_to_posts>]
> ------------------------------------------------------------------------
>
> Our 3734 sq. ft. 1 1/2 story brick home sits on 1.3 partially wooded 
> acres and has 4 Bedrooms, 3 1/2 Baths, a formal Dining Room, and 
> Eat-in-Kitchen with the Master Bedroom and utility room conveniently 
> located on the first floor.
>
> The kitchen is fully equipped with cherry wood cabinets and ALL NEW 
> top of the line Stainless Appliances, including an Electrolux Dual 
> Convection Oven and an Advantium Oven/Microwave, making those big 
> family gatherings a breeze.
>
> The Finished Walk-Out Basement is set for fun with a Bar area, Game 
> Room, Movie Room w/ Fireplace, plus an unfinished area perfect for an 
> Office or Play room.
>
> The Basement Opens to a Large Outdoor Patio connected to paver stones 
> and leads to a beautiful, heated, 20X40, Fenced In-ground Diving Pool 
> w/ automatic safety cover. The pool is surrounded by a lush tropical 
> garden and thanks to the Polaris cleaning system, you will spend more 
> time relaxing by the pool instead of having to clean it.
>
> Other features include a 12X 24 Out-Building, Wooden Play set, 
> Vegetable Garden, Full Irrigation System, Mature Landscaping w/ Desert 
> Rose Rock, so you can spend time at the pool, rather than mulching!
>
> The home is within walking distance of the coveted East Oldham Middle 
> School and Oldham County Locust Grove Elementary School. Just minutes 
> from shopping and I71,
>
> The Open House will be held this Saturday and Sunday from 10-5. AND, 
> the House will be sold SUNDAY NIGHT to the HIGHEST BIDDER.
>
> A full inspection report will be provided at the Open House from 
> Pillar to Post. The professional who inspected our home said it was 
> one of the cleanest reports he's ever done.
>
> For more information call (502) 773-0876 or email 
> juliegorman at bellsouth.net
>
>     * it's NOT ok to contact this poster with services or other
>       commercial interests
>
>
>
> --- On *Mon, 8/10/09, Paul Pisarik /<lea at pisarik.com>/* wrote:
>
>
>     From: Paul Pisarik <lea at pisarik.com>
>     Subject: [5-DayForum] Julie Goreman's Craig's List Ad
>     To: 5-dayforum at mailman.howtosellyourhomein5days.com
>     Date: Monday, August 10, 2009, 6:55 PM
>
>     I would really like to see how Julie Goreman did her Craig's list
>     ad.  If anyone has a copy of it, could you please post it?  I'm
>     having a hard time navigating the forum and sending quick
>     replies.  I am creating a new email each time I post and having to
>     remember the Subject line.  I'm sure I must be doing something
>     wrong here.  Is there an easier way to do this?  
>
>     -----Inline Attachment Follows-----
>
>     _______________________________________________
>     5-DayForum mailing list
>     5-DayForum at mailman.howtosellyourhomein5days.com
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>     http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
> ------------------------------------------------------------------------
>
> _______________________________________________
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From juliegorman at bellsouth.net  Mon Aug 10 22:00:26 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Tue, 11 Aug 2009 02:00:26 +0000
Subject: [5-DayForum] Here are the ads I ran on craigslist Wednesday through
	Saturday
Message-ID: <081120090200.19414.4A80D0AC000051DE00004BD622230682329B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

Hello everyone! As requested Here are the ads I ran from Wednesday to Saturday

Here is the ad I ran Saturday:
I posted it as--Beautiful Home Will Be Sold Sunday to Highest Bidder

OPEN HOUSE TODAY...DON'T MISS IT 

4509 Northridge Circle Crestwood, KY 40014 

3734 sq ft 1 1/2 story on 1.3 Acres 
4BR, 3?Baths, Fin. Walk-out Basement, 
In-ground Dive Pool w/ automatic safety cover 

$199,500 or Best Offer 
Open House Sat-Sun 10-5 

House will be sold Sunday Night to 

HIGHEST BIDDER (502) 773-0876 


Here is the ad I ran Friday:

Posted it as: Don't miss this opportunity-home will be sold Sund. to highest bidder
OLDHAM COUNTY BY OWNER 

3734 sq. ft. 1? story on 1.3 acres 
4 Bedrooms, 3? Baths, Dining Room, 
Eat in Kitchen 
Finished Walk-Out Basement that includes a Mini Bar, 
Game Room, Full Bath, Living Room with Fireplace, 
Plus an Unfinished Area perfect for an Office or play room. 
Fenced 20x40 In-ground Diving Pool w/Automatic Safety Cover, 
and another Patio surrounded by Tropical Plants. 
Other outdoor features include Mature Landscaping lined with 
Desert Rose Rock Beds and an Irrigation/Sprinkler system, 
a 12x24 Out building/shed, and wooden play set Set. 

$199,500 or Best Offer 

Open House Sat.-Sun. 10-5 
House will be sold this Sunday night to 

HIGHEST BIDDER (502) 773-0876 


Here is the ad I posted also on Friday but in the morning:
I posted it as: Breath taking Home will be sold Sunday to Highest Bidder

CRESTWOOD BY OWNER 

3734 sq. ft. 1? story on 1.3 acres 
4 Bedrooms, 3? Baths, Dining Room, 
Eat in Kitchen has all new Stainless Steel Appliances, 
(Including Electrolux Dual Advantium Oven) 
The Finished Walk-Out Basement includes a Mini Bar, 
Game Room, Full Bath, Living Room with Fireplace, 
Plus an Unfinished Area perfect for an Office or 5th Bedroom. 
The Basement Opens to a Large Outdoor Patio area. 
With Paver-stoned Walkways that lead to a Fenced 
20'X40' In-ground Diving Pool w/Automatic Safety Cover, 
and another Patio surrounded by Tropical Plants. 
Other outdoor features include Mature Landscaping lined with 
Desert Rose Rock Beds and an Irrigation/Sprinkler system, 
Maintenance Free Aluminum Wrapped Exterior Trim, 
a 12x24 Out Building, and Wooden Play Set. 

$199,500 or Best Offer 

Open House Sat.-Sun. 10-5 
House will be sold this Sunday night to 

HIGHEST BIDDER (502) 773-0876 


Here is the ad I ran on Thursday:
I posted it as: Immaculate Home Open House Sat-Sun 10-5

CRESTWOOD BY OWNER 

3734 sq. ft. 
1 ? Story 
1.3 Acres 
4 Bedroom 
3 ? Baths 
Eat-in Kitchen 
Formal Dining Room, 
Finished Walk-out Basement with Game Room, Movie Room w/ Fire Place, Bar area 
Fenced In-ground Diving Pool with automatic safety cover 
12? X 24? Out Building/Shed 
Vegetable Garden and Mature Landscaping with Irrigation/Sprinkler System 

$199,500 or Best Offer 

Open House Sat.-Sun. 10-5 
House will be sold this Sunday Night to HIGHEST BIDDER 

Call or email for more information: 502-773-0876 or juliegorman at bellsouth.net 

Finally, the first ad that I posted was on Wednesday:
I posted it as: Amazing Oldham County Home Goes to Highest Bidder Sunday

Our 3734 sq. ft. 1 1/2 story brick home sits on 1.3 partially wooded acres and has 4 Bedrooms, 3 1/2 Baths, a formal Dining Room, and Eat-in-Kitchen with the Master Bedroom and utility room conveniently located on the first floor. 

The kitchen is fully equipped with cherry wood cabinets and ALL NEW top of the line Stainless Appliances, including an Electrolux Dual Convection Oven and an Advantium Oven/Microwave, making those big family gatherings a breeze. 

The Finished Walk-Out Basement is set for fun with a Bar area, Game Room, Movie Room w/ Fireplace, plus an unfinished area perfect for an Office or Play room. 

The Basement Opens to a Large Outdoor Patio connected to paver stones and leads to a beautiful, heated, 20X40, Fenced In-ground Diving Pool w/ automatic safety cover. The pool is surrounded by a lush tropical garden and thanks to the Polaris cleaning system, you will spend more time relaxing by the pool instead of having to clean it. 

Other features include a 12X 24 Out-Building, Wooden Play set, Vegetable Garden, Full Irrigation System, Mature Landscaping w/ Desert Rose Rock, so you can spend time at the pool, rather than mulching! 

The home is within walking distance of the coveted East Oldham Middle School and Oldham County Locust Grove Elementary School. Just minutes from shopping and I71, 

The Open House will be held this Saturday and Sunday from 10-5. AND, the House will be sold SUNDAY NIGHT to the HIGHEST BIDDER. 

A full inspection report will be provided at the Open House from Pillar to Post. The professional who inspected our home said it was one of the cleanest reports he's ever done. 

For more information call (502) 773-0876 or email juliegorman at bellsouth.net 

I will send the 3 ads I ran in the newspaper.
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From webmaster at pisarik.com  Mon Aug 10 22:16:43 2009
From: webmaster at pisarik.com (Paul Pisarik)
Date: Mon, 10 Aug 2009 19:16:43 -0700 (PDT)
Subject: [5-DayForum] Julie Goreman's Craig's List Ad
Message-ID: <117594.86216.qm@web1105.biz.mail.sk1.yahoo.com>

Thanks for posting the ad.  Much appreciated.  Well, I'm definitely missing something here because I don't see a "reply" button/option when I am reading the forum.  I get a summarized version of the postings in my email box but could not determine which app to open them with so I have been going to the forum archives page and I keep refreshing it.  I am guessing this must not be the most convenient way to do this.  I was concerned my inbox would be inundated if all posts went there.  Believe it or not, I have a degree in Computer Science and worked in the field for over 20 years before retiring to raise my sons.  So much for that:).  Any other tips on a better way to do this will be greatly appreciated, as I will likely be checking back in and updating on our progress as the week goes by.   My husband is a doctor so he cannot respond to any calls/emails for our 5 day sale while he is at work.  So I will be doing this while tending to two 3 year olds who
 are already tired of being put on the back burner (so to speak:) while we prepare the house.  Prayers are greatly appreciated.
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From juliegorman at bellsouth.net  Mon Aug 10 22:22:13 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Tue, 11 Aug 2009 02:22:13 +0000
Subject: [5-DayForum] here are the ads I ran in the newspaper
Message-ID: <081120090222.13384.4A80D5CB0003C6A50000344822230682329B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

Here are some of the ads I ran. Our total cost for 5 days was $1500. Our house sold for $350,000 + we worked it out with our buyers that they would pay for all of the property taxes for 2009...another $4,200 worth of money back in our pocket.

We listed with an agent for 3 months had 7 couples look at our home with 10 showings...3 couples came back twice!

This past week to weekend we received 335 phone calls total (So Far) and the calls are still coming. We showed our home to 119 families (no telling how many people came through...most people at least had their spouse with them some had entire families!

And in 5 short days...we sold our home! True it was less than what we wanted to get but considering we had already reduced our price with our realtor to $400,000 we would have at best only gotten $376,000. And that's if we go full asking price...which never happens. Plus in a typical closing we would have had to prorate property taxes...which in our estimation by the time haggling...and the added property taxes we would have gotten approximately $15,000 more...

However...we don't have to pay another months mortgage payment...we are moving to Texas without having to sit on a house all winter long waiting for the right buyers at a payment of $3,000 a month...Or more property taxes...or worrying about anything that might brake down in our absence...

Putting it all into perspective...we are very happy. We met with the couple. Are getting a non-refundable deposit and signed contract tomorrow...and are looking for boxes to start packing! 

I SOLD MY HOUSE LAST NIGHT!

Thanks again for everyone's help and advice through the process. Let me know if I can help in any way.

Julie from Kentucky

P.S. See the attached PDF files showing our ads.
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From bill at effros.com  Mon Aug 10 21:19:56 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 10 Aug 2009 21:19:56 -0400
Subject: [5-DayForum] Julie Goreman's Craig's List Ad
In-Reply-To: <4A80C644.7020306@effros.com>
References: <285651.9230.qm@web54302.mail.re2.yahoo.com>
	<4A80C644.7020306@effros.com>
Message-ID: <4A80C73C.6000604@effros.com>

Go to the bottom -- Screenshot of Julie's Craigslist Ad.

Bill Effros
Author

Bill Effros wrote:
>
>
> Jamie Ryan wrote:
>>
>>
>>     Here's the ad she posted - it also had 4 pics
>>
>>
>>      
>>
>>
>>     $199500 Amazing Oldham County Home Goes to Highest Bidder Sunday
>>
>> ------------------------------------------------------------------------
>> Date: 2009-08-05, 11:00AM EDT
>> Reply to: juliegorman at bellsouth.net 
>> <mailto:juliegorman at bellsouth.net?subject=%24199500%20Amazing%20Oldham%20County%20Home%20Goes%20to%20Highest%20Bidder%20Sunday&body=%0A%0Ahttp%3A%2F%2Flouisville.craigslist.org%2Freo%2F1306996049.html%0A> 
>> ^[Errors when replying to ads? 
>> <http://www.craigslist.org/about/help/replying_to_posts>]
>> ------------------------------------------------------------------------
>>
>> Our 3734 sq. ft. 1 1/2 story brick home sits on 1.3 partially wooded 
>> acres and has 4 Bedrooms, 3 1/2 Baths, a formal Dining Room, and 
>> Eat-in-Kitchen with the Master Bedroom and utility room conveniently 
>> located on the first floor.
>>
>> The kitchen is fully equipped with cherry wood cabinets and ALL NEW 
>> top of the line Stainless Appliances, including an Electrolux Dual 
>> Convection Oven and an Advantium Oven/Microwave, making those big 
>> family gatherings a breeze.
>>
>> The Finished Walk-Out Basement is set for fun with a Bar area, Game 
>> Room, Movie Room w/ Fireplace, plus an unfinished area perfect for an 
>> Office or Play room.
>>
>> The Basement Opens to a Large Outdoor Patio connected to paver stones 
>> and leads to a beautiful, heated, 20X40, Fenced In-ground Diving Pool 
>> w/ automatic safety cover. The pool is surrounded by a lush tropical 
>> garden and thanks to the Polaris cleaning system, you will spend more 
>> time relaxing by the pool instead of having to clean it.
>>
>> Other features include a 12X 24 Out-Building, Wooden Play set, 
>> Vegetable Garden, Full Irrigation System, Mature Landscaping w/ 
>> Desert Rose Rock, so you can spend time at the pool, rather than 
>> mulching!
>>
>> The home is within walking distance of the coveted East Oldham Middle 
>> School and Oldham County Locust Grove Elementary School. Just minutes 
>> from shopping and I71,
>>
>> The Open House will be held this Saturday and Sunday from 10-5. AND, 
>> the House will be sold SUNDAY NIGHT to the HIGHEST BIDDER.
>>
>> A full inspection report will be provided at the Open House from 
>> Pillar to Post. The professional who inspected our home said it was 
>> one of the cleanest reports he's ever done.
>>
>> For more information call (502) 773-0876 or email 
>> juliegorman at bellsouth.net
>>
>>     * it's NOT ok to contact this poster with services or other
>>       commercial interests
>>
>>
>>
>> --- On *Mon, 8/10/09, Paul Pisarik /<lea at pisarik.com>/* wrote:
>>
>>
>>     From: Paul Pisarik <lea at pisarik.com>
>>     Subject: [5-DayForum] Julie Goreman's Craig's List Ad
>>     To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>     Date: Monday, August 10, 2009, 6:55 PM
>>
>>     I would really like to see how Julie Goreman did her Craig's list
>>     ad.  If anyone has a copy of it, could you please post it?  I'm
>>     having a hard time navigating the forum and sending quick
>>     replies.  I am creating a new email each time I post and having
>>     to remember the Subject line.  I'm sure I must be doing something
>>     wrong here.  Is there an easier way to do this?  
>>
>>     -----Inline Attachment Follows-----
>>
>>     _______________________________________________
>>     5-DayForum mailing list
>>     5-DayForum at mailman.howtosellyourhomein5days.com
>>     <http://us.mc543.mail.yahoo.com/mc/compose?to=5-DayForum at mailman.howtosellyourhomein5days.com>
>>     http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>>
>> ------------------------------------------------------------------------
>>
>> _______________________________________________
>> 5-DayForum mailing list
>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>   
>
> ------------------------------------------------------------------------
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From Janetislight at aol.com  Tue Aug 11 07:28:28 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Tue, 11 Aug 2009 07:28:28 EDT
Subject: [5-DayForum] Julie Goreman's Craig's List Ad
Message-ID: <d05.5e6d42f0.37b2afdc@aol.com>

Hit reply on your browser and boom!  you're there!
 
Janet
 
 
In a message dated 8/10/2009 5:56:25 P.M. Central Daylight Time,  
lea at pisarik.com writes:

 
I would really like to see how Julie Goreman did her Craig's list  ad.  If 
anyone has a copy of it, could you please post it?  I'm  having a hard time 
navigating the forum and sending quick replies.  I am  creating a new email 
each time I post and having to remember the Subject  line.  I'm sure I must 
be doing something wrong here.  Is there an  easier way to do this?    



_______________________________________________
5-DayForum  mailing  list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


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From Janetislight at aol.com  Tue Aug 11 07:37:59 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Tue, 11 Aug 2009 07:37:59 EDT
Subject: [5-DayForum] here are the ads I ran in the newspaper
Message-ID: <cb4.5c3da48d.37b2b217@aol.com>

I like that you added pics and a bit more info.  Greatly appreciated  that 
you shared your tweaks on the process.
 
Janet
 
 
In a message dated 8/10/2009 10:57:40 P.M. Central Daylight Time,  
juliegorman at bellsouth.net writes:



Here are some of the ads I ran. Our total cost for 5 days was $1500. Our  
house sold for $350,000 + we worked it out with our buyers that they would 
pay  for all of the property taxes for 2009...another $4,200 worth of money 
back in  our pocket.
 
We listed with an agent for 3 months had 7 couples look at our home with  
10 showings...3 couples came back twice!
 
This past week to weekend we received 335 phone calls total (So Far) and  
the calls are still coming. We showed our home to 119 families (no telling 
how  many people came through...most people at least had their spouse with 
them  some had entire families!
 
And in 5 short days...we sold our home! True it was less than what we  
wanted to get but considering we had already reduced our price with our  realtor 
to $400,000 we would have at best only gotten $376,000. And that's if  we 
go full asking price...which never happens. Plus in a typical closing we  
would have had to prorate property taxes...which in our estimation by the time  
haggling...and the added property taxes we would have gotten approximately  
$15,000 more...
 
However...we don't have to pay another months mortgage payment...we are  
moving to Texas without having to sit on a house all winter long waiting for  
the right buyers at a payment of $3,000 a month...Or more property 
taxes...or  worrying about anything that might brake down in our absence...
 
Putting it all into perspective...we are very happy. We met with the  
couple. Are getting a non-refundable deposit and signed contract  tomorrow...and 
are looking for boxes to start packing! 

I SOLD MY HOUSE  LAST NIGHT!
 
Thanks again for everyone's help and advice through the process. Let me  
know if I can help in any way.
 
Julie from Kentucky
 
P.S. See the attached PDF files showing our ads.


_______________________________________________
5-DayForum  mailing  list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


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From Andy.Klee at ERPtips.com  Tue Aug 11 07:48:29 2009
From: Andy.Klee at ERPtips.com (Andy Klee)
Date: Tue, 11 Aug 2009 05:48:29 -0600
Subject: [5-DayForum] here are the ads I ran in the newspaper
In-Reply-To: <081120090222.13384.4A80D5CB0003C6A50000344822230682329B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
Message-ID: <LJEOJANGFMFLOLOODJFGGEBMFNAA.Andy.Klee@ERPtips.com>

I've been talking with a friend who has helped two people sell their homes using this method.  One had a high bid of $229,000.  The owners didn't like the bid, so they sold it themselves later using more traditional methods.  Final sales price: $229,000.

I've been following the forum messages for the last 10 days, and the book will arrive tomorrow.

Three questions:

1. We live in a remote, beautiful area in Western Colorado.  I don't think our buyer will be someone local--they might come from Denver (280 miles away), or another major metropolitan area.  How do we attract potential buyers from out of town?  Craig's List in our area (Western Colorado)--might not be seen in another city.  It's the kind of place that someone might buy if they are ready to move to the mountains.  I don't think they would be deliberately looking for a place in Cedaredge (my local town).  

2. Do most of you tell everyone that there is a reserve price, or do you only volunteer that when someone asks?  

3. Has anyone had a professional appraisal done before deciding what price they would like to get?  Nothing has sold in our area in the last year over $350,000.  We started our listing (with a realtor) at $498,000 and reduced it to $463,000.  No showings, and the house has been on the market since June 1.  I don't know what is reasonable to expect to get for the place, since there have been no sales.  I know that we'll find out what the place is worth by running the auction process.  Does a professional appraisal sound like it would give us a better idea of the possible sales price than the realtor's competitive market appraisal?

Here are some links so you can see the place:

Virtual Tour: http://www.tourfactory.com/510167

Listiing: http://www.rmwrealestate.com/residential.aspx?MLSID=624517&ShowForm=Long

Craig's List:  http://westslope.craigslist.org/reb/1314007607.html

Finally, we don't "have to sell" now, but we'd like to move to an area with a higher population densitiy and with less snow in the winter.  We've picked out Rio Rancho, NM as our future home, and we think that we can find a great home there for less than we'll get when we sell the place in Colorado.

Andy 






  -----Original Message-----
  From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On Behalf Of juliegorman at bellsouth.net
  Sent: Monday, August 10, 2009 8:22 PM
  To: 5-dayforum at mailman.howtosellyourhomein5days.com
  Subject: [5-DayForum] here are the ads I ran in the newspaper


  Here are some of the ads I ran. Our total cost for 5 days was $1500. Our house sold for $350,000 + we worked it out with our buyers that they would pay for all of the property taxes for 2009...another $4,200 worth of money back in our pocket.

  We listed with an agent for 3 months had 7 couples look at our home with 10 showings...3 couples came back twice!

  This past week to weekend we received 335 phone calls total (So Far) and the calls are still coming. We showed our home to 119 families (no telling how many people came through...most people at least had their spouse with them some had entire families!

  And in 5 short days...we sold our home! True it was less than what we wanted to get but considering we had already reduced our price with our realtor to $400,000 we would have at best only gotten $376,000. And that's if we go full asking price...which never happens. Plus in a typical closing we would have had to prorate property taxes...which in our estimation by the time haggling...and the added property taxes we would have gotten approximately $15,000 more...

  However...we don't have to pay another months mortgage payment...we are moving to Texas without having to sit on a house all winter long waiting for the right buyers at a payment of $3,000 a month...Or more property taxes...or worrying about anything that might brake down in our absence...

  Putting it all into perspective...we are very happy. We met with the couple. Are getting a non-refundable deposit and signed contract tomorrow...and are looking for boxes to start packing! 

  I SOLD MY HOUSE LAST NIGHT!

  Thanks again for everyone's help and advice through the process. Let me know if I can help in any way.

  Julie from Kentucky

  P.S. See the attached PDF files showing our ads.
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From jcrafor at hotmail.com  Tue Aug 11 08:44:44 2009
From: jcrafor at hotmail.com (j crafor)
Date: Tue, 11 Aug 2009 12:44:44 +0000
Subject: [5-DayForum] Julie Goreman's Craig's List Ad
In-Reply-To: <117594.86216.qm@web1105.biz.mail.sk1.yahoo.com>
References: <117594.86216.qm@web1105.biz.mail.sk1.yahoo.com>
Message-ID: <SNT116-W205F1B6453132F6E35F40BAE070@phx.gbl>


It IS inundated, so I for one set up a free email account for just this forum. The "reply" link is on the email site, as are the other buttons I posted. I get no other mail to this account. 

JCrafor
 


Date: Mon, 10 Aug 2009 19:16:43 -0700
From: webmaster at pisarik.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Julie Goreman's Craig's List Ad





Thanks for posting the ad.  Much appreciated.  Well, I'm definitely missing something here because I don't see a "reply" button/option when I am reading the forum.  I get a summarized version of the postings in my email box but could not determine which app to open them with so I have been going to the forum archives page and I keep refreshing it.  I am guessing this must not be the most convenient way to do this.  I was concerned my inbox would be inundated if all posts went there.  Believe it or not, I have a degree in Computer Science and worked in the field for over 20 years before retiring to raise my sons.  So much for that:).  Any other tips on a better way to do this will be greatly appreciated, as I will likely be checking back in and updating on our progress as the week goes by.   My husband is a doctor so he cannot respond to any calls/emails for our 5 day sale while he is at work.  So I will be doing this while tending to two 3 year olds who are already tired of being put on the back burner (so to speak:) while we prepare the house.  Prayers are greatly appreciated.

_________________________________________________________________
Get back to school stuff for them and cashback for you.
http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackToSchool_Cashback_BTSCashback_1x1
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From rcutcher at austin.rr.com  Tue Aug 11 14:02:27 2009
From: rcutcher at austin.rr.com (RC Cutcher)
Date: Tue, 11 Aug 2009 13:02:27 -0500
Subject: [5-DayForum] here are the ads I ran in the newspaper
References: <LJEOJANGFMFLOLOODJFGGEBMFNAA.Andy.Klee@ERPtips.com>
Message-ID: <00bb01ca1aad$e45069a0$0201a8c0@RCCutcher>

Andy,

Just my two cents, but I think you are wrong to dismiss the idea that certain folks are looking to move to Cedaredge. I would advertise both locally and regionally.  I don't know your area at all, but I have been around real estate long enough to believe that price drives everything. You are looking for a specialty buyer for a specialty house, and you have no comparables solds recently to value your property. How is a 5day buyer supposed to believe an appraisal when the estimate of value is based on old, outdated information from a year or two ago?  If you haven't had any solds, everybody is guessing. 

You do have a history of trying to sell at a certain price, which can be a disadvantage to you.  Almost everyone does research on a property, especially an exotic like yours. Buyers can see what you have been doing... or they can certainly ask at the local coffee shop.  With the history of your property available, I would recommend:

A Reverse Dutch Auction has a fundamental difference with the conventional auction that most of us are used to (the English Auction). In an English Auction, buyers openly compete against one another and item being auctioned off goes to the highest bidder. In a Reverse Dutch Auction, the auctioneer sets a high initial price, and then decreases this price at regular increments until the willing buyer is found.



If you list with a Realtor, make sure your listing agreement contains the wording....Listing Price______$Seller instructs Broker to sell the Property for the Listing Price or any other price acceptable to Seller.  (Texas Exclusive Right To Sell Agreement p2, paragraph 3)

If the listing agreement with Realtors does not contain this provision, feel free to add it to the agreement.  Or just throw away the Realtor listing agreement and start all over with a listing agreement written by you or your attorney. 



By lowering your price 20-30k per weekend, you will find out if anyone is seriously looking in your neck of the woods.  News of a discount travels fast.  Find out where your bottom line is.  Then assure your interested prospect who has offered on your home that you are attempting to make a good decision in a comfortable time frame for you.  Months, if needed. 



Again, just my 2 cents. 

RC Cutcher

Realtor, ABR

www.RCshortsale.com

512-848-4449





  ----- Original Message ----- 
  From: Andy Klee 
  To: How To Sell Your Home in 5-Days 
  Sent: Tuesday, August 11, 2009 6:48 AM
  Subject: Re: [5-DayForum] here are the ads I ran in the newspaper


  I've been talking with a friend who has helped two people sell their homes using this method.  One had a high bid of $229,000.  The owners didn't like the bid, so they sold it themselves later using more traditional methods.  Final sales price: $229,000.

  I've been following the forum messages for the last 10 days, and the book will arrive tomorrow.

  Three questions:

  1. We live in a remote, beautiful area in Western Colorado.  I don't think our buyer will be someone local--they might come from Denver (280 miles away), or another major metropolitan area.  How do we attract potential buyers from out of town?  Craig's List in our area (Western Colorado)--might not be seen in another city.  It's the kind of place that someone might buy if they are ready to move to the mountains.  I don't think they would be deliberately looking for a place in Cedaredge (my local town).  

  2. Do most of you tell everyone that there is a reserve price, or do you only volunteer that when someone asks?  

  3. Has anyone had a professional appraisal done before deciding what price they would like to get?  Nothing has sold in our area in the last year over $350,000.  We started our listing (with a realtor) at $498,000 and reduced it to $463,000.  No showings, and the house has been on the market since June 1.  I don't know what is reasonable to expect to get for the place, since there have been no sales.  I know that we'll find out what the place is worth by running the auction process.  Does a professional appraisal sound like it would give us a better idea of the possible sales price than the realtor's competitive market appraisal?

  Here are some links so you can see the place:

  Virtual Tour: http://www.tourfactory.com/510167

  Listiing: http://www.rmwrealestate.com/residential.aspx?MLSID=624517&ShowForm=Long

  Craig's List:  http://westslope.craigslist.org/reb/1314007607.html

  Finally, we don't "have to sell" now, but we'd like to move to an area with a higher population densitiy and with less snow in the winter.  We've picked out Rio Rancho, NM as our future home, and we think that we can find a great home there for less than we'll get when we sell the place in Colorado.
   
  Andy 






    -----Original Message-----
    From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On Behalf Of juliegorman at bellsouth.net
    Sent: Monday, August 10, 2009 8:22 PM
    To: 5-dayforum at mailman.howtosellyourhomein5days.com
    Subject: [5-DayForum] here are the ads I ran in the newspaper


    Here are some of the ads I ran. Our total cost for 5 days was $1500. Our house sold for $350,000 + we worked it out with our buyers that they would pay for all of the property taxes for 2009...another $4,200 worth of money back in our pocket.

    We listed with an agent for 3 months had 7 couples look at our home with 10 showings...3 couples came back twice!

    This past week to weekend we received 335 phone calls total (So Far) and the calls are still coming. We showed our home to 119 families (no telling how many people came through...most people at least had their spouse with them some had entire families!

    And in 5 short days...we sold our home! True it was less than what we wanted to get but considering we had already reduced our price with our realtor to $400,000 we would have at best only gotten $376,000. And that's if we go full asking price...which never happens. Plus in a typical closing we would have had to prorate property taxes...which in our estimation by the time haggling...and the added property taxes we would have gotten approximately $15,000 more...

    However...we don't have to pay another months mortgage payment...we are moving to Texas without having to sit on a house all winter long waiting for the right buyers at a payment of $3,000 a month...Or more property taxes...or worrying about anything that might brake down in our absence...

    Putting it all into perspective...we are very happy. We met with the couple. Are getting a non-refundable deposit and signed contract tomorrow...and are looking for boxes to start packing! 

    I SOLD MY HOUSE LAST NIGHT!

    Thanks again for everyone's help and advice through the process. Let me know if I can help in any way.

    Julie from Kentucky

    P.S. See the attached PDF files showing our ads.
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From Janetislight at aol.com  Tue Aug 11 14:40:45 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Tue, 11 Aug 2009 14:40:45 EDT
Subject: [5-DayForum] here are the ads I ran in the newspaper
Message-ID: <c18.5f08e029.37b3152d@aol.com>

If your market isn't selling "at all" I would take a break and wait.   You 
need to find your "rock bottom" first.  If it is 226,000 and that is  
totally unacceptable to you, then walk away from it for the time being.  It  
sounds like you are in a place of "second" homes.  NOT a good market right  now.  
I don't know about the reverse Dutch auction method.  I  think you'd be 
lowering your price until it was not what you had hoped.   I've never tried 
this method and don't know as I ever would.  When you get  the book.  Read it.  
Think very HARD about it.  And THEN decide  was is right for you "today."  
That's your bottom line.
 
Janet
 
 
 
In a message dated 8/11/2009 1:08:27 P.M. Central Daylight Time,  
rcutcher at austin.rr.com writes:

Andy,
 
Just my two cents, but I think you are wrong to  dismiss the idea that 
certain folks are looking to move to Cedaredge. I  would advertise both locally 
and regionally.  I don't know your area at  all, but I have been around real 
estate long enough to believe that price  drives everything. You are 
looking for a specialty buyer for a specialty  house, and you have no comparables 
solds recently to value your property. How  is a 5day buyer supposed to 
believe an appraisal when the estimate of  value is based on old, outdated 
information from a year or two ago?   If you haven't had any solds, everybody is 
guessing. 
 
You do have a history of trying to sell at a  certain price, which can be a 
disadvantage to you.  Almost everyone does  research on a property, 
especially an exotic like yours. Buyers can see what  you have been doing... or 
they can certainly ask at the local coffee  shop.  With the history of your 
property available, I would  recommend:
 
 
A Reverse  Dutch Auction has a  fundamental difference with the 
conventional auction that most of us  are used to (the English Auction). In an English  
Auction, buyers  openly compete against one another and item being 
auctioned off goes to the  highest bidder. In a Reverse Dutch Auction, the 
auctioneer  sets a high initial price, and then decreases this price at regular 
increments  until the willing buyer is found. 
If you list with a Realtor, make sure your listing  agreement contains the 
wording....Listing Price______$Seller instructs Broker  to sell the Property 
for the Listing Price or any other price  acceptable to Seller.  (Texas 
Exclusive Right To Sell Agreement p2,  paragraph 3) 
If the listing agreement with Realtors does not  contain this provision, 
feel free to add it to the agreement.  Or just  throw away the Realtor listing 
agreement and start all over with a  listing agreement written by you or 
your attorney.  
By lowering your price 20-30k per weekend, you will  find out if anyone is 
seriously looking in your neck of the woods.   News of a discount travels 
fast.  Find out where your bottom line  is.  Then assure your interested 
prospect who has offered on your  home that you are attempting to make a good 
decision in a comfortable  time frame for you.  Months, if needed.  
Again, just my 2 cents.  
RC Cutcher 
Realtor, ABR 
_www.RCshortsale.com_ (http://www.rcshortsale.com/)  
512-848-4449 


----- Original Message ----- 
From:  _Andy Klee_ (mailto:Andy.Klee at ERPtips.com)  
To: _How To Sell  Your Home in 5-Days_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com)  
Sent: Tuesday, August 11, 2009 6:48  AM
Subject: Re: [5-DayForum] here are the  ads I ran in the newspaper


I've been talking with a friend who has helped two people sell  their homes 
using this method.  One had a high bid of  $229,000.  The owners didn't 
like the bid, so they sold it themselves  later using more traditional methods. 
 Final sales price:  $229,000.
 
I've been following the forum messages for the last 10 days, and  the book 
will arrive tomorrow.
 
Three questions:
 
1.  We live in a remote, beautiful area in Western Colorado.  I don't think 
 our buyer will be someone local--they might come from Denver (280 miles  
away), or another major metropolitan area.  How do we attract potential  
buyers from out of town?  Craig's List in our area (Western  Colorado)--might 
not be seen in another city.  It's the kind of place  that someone might buy 
if they are ready to move to the mountains.  I  don't think they would be 
deliberately looking for a place in Cedaredge (my  local town).  
 
2.  Do most of you tell everyone that there is a reserve price, or do you 
only  volunteer that when someone asks?  
 
3.  Has anyone had a professional appraisal done before deciding what price 
they  would like to get?  Nothing has sold in our area in the last year 
over  $350,000.  We started our listing (with a realtor) at $498,000 and  
reduced it to $463,000.  No showings, and the house has been on the  market since 
June 1.  I don't know what is reasonable to expect to get  for the place, 
since there have been no sales.  I know that we'll find  out what the place 
is worth by running the auction process.  Does a  professional appraisal 
sound like it would give us a better idea of the  possible sales price than the 
realtor's competitive market  appraisal?
 
Here are some links so you can see the place:
 
 
Virtual Tour:  _http://www.tourfactory.com/510167_ 
(http://www.tourfactory.com/510167) 
 
Listiing:  
_http://www.rmwrealestate.com/residential.aspx?MLSID=624517&ShowForm=Long_ 
(http://www.rmwrealestate.com/residential.aspx?MLSID=624517&ShowForm=Long) 
 
Craig's  List:  _http://westslope.craigslist.org/reb/1314007607.html_ 
(http://westslope.craigslist.org/reb/1314007607.html) 
 
Finally, we don't "have to  sell" now, but we'd like to move to an area 
with a higher population  densitiy and with less snow in the winter.  We've 
picked out Rio  Rancho, NM as our future home, and we think that we can find a 
great  home there for less than we'll get when we sell the place in  
Colorado.
 
Andy  








-----Original Message-----
From:  
5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com  
[mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On  Behalf Of juliegorman at bellsouth.net
Sent: Monday, August 10,  2009 8:22 PM
To:  5-dayforum at mailman.howtosellyourhomein5days.com
Subject:  [5-DayForum] here are the ads I ran in the newspaper


Here are some of the ads I ran. Our total cost for 5 days was $1500.  Our 
house sold for $350,000 + we worked it out with our buyers that they  would 
pay for all of the property taxes for 2009...another $4,200 worth of  money 
back in our pocket.
 
We listed with an agent for 3 months had 7 couples look at our home  with 
10 showings...3 couples came back twice!
 
This past week to weekend we received 335 phone calls total (So Far)  and 
the calls are still coming. We showed our home to 119 families (no  telling 
how many people came through...most people at least had their  spouse with 
them some had entire families!
 
And in 5 short days...we sold our home! True it was less than what we  
wanted to get but considering we had already reduced our price with our  realtor 
to $400,000 we would have at best only gotten $376,000. And that's  if we 
go full asking price...which never happens. Plus in a typical  closing we 
would have had to prorate property taxes...which in our  estimation by the time 
haggling...and the added property taxes we would  have gotten approximately 
$15,000 more...
 
However...we don't have to pay another months mortgage payment...we  are mov
ing to Texas without having to sit on a house all winter long  waiting for 
the right buyers at a payment of $3,000 a month...Or more  property 
taxes...or worrying about anything that might brake down in our  absence...
 
Putting it all into perspective...we are very happy. We met with the  
couple. Are getting a non-refundable deposit and signed contract  tomorrow...and 
are looking for boxes to start packing! 

I SOLD MY  HOUSE LAST NIGHT!
 
Thanks again for everyone's help and advice through the process. Let  me 
know if I can help in any way.
 
Julie from Kentucky
 
P.S. See the attached PDF files showing our  ads.




_______________________________________________
5-DayForum  mailing  list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


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From Andy.Klee at ERPtips.com  Tue Aug 11 14:19:28 2009
From: Andy.Klee at ERPtips.com (Andy Klee)
Date: Tue, 11 Aug 2009 12:19:28 -0600
Subject: [5-DayForum] here are the ads I ran in the newspaper
In-Reply-To: <00bb01ca1aad$e45069a0$0201a8c0@RCCutcher>
Message-ID: <LJEOJANGFMFLOLOODJFGKEEFFNAA.Andy.Klee@ERPtips.com>

Thanks, RC.

Actually it's brand new appraisal being done by a certified appraiser, starting tomorrow. 

Why not try to find the right price with the 5 day method?  I'm not sure why you recommend finding the right price by lowering it every weekend, but I understand what you mean about a reverse dutch auction.  If the 5 day process doesn't yield an acceptable price then I think your idea has merit.

Andy 
  -----Original Message-----
  From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On Behalf Of RC Cutcher
  Sent: Tuesday, August 11, 2009 12:02 PM
  To: How To Sell Your Home in 5-Days
  Subject: Re: [5-DayForum] here are the ads I ran in the newspaper


  Andy,

  Just my two cents, but I think you are wrong to dismiss the idea that certain folks are looking to move to Cedaredge. I would advertise both locally and regionally.  I don't know your area at all, but I have been around real estate long enough to believe that price drives everything. You are looking for a specialty buyer for a specialty house, and you have no comparables solds recently to value your property. How is a 5day buyer supposed to believe an appraisal when the estimate of value is based on old, outdated information from a year or two ago?  If you haven't had any solds, everybody is guessing. 

  You do have a history of trying to sell at a certain price, which can be a disadvantage to you.  Almost everyone does research on a property, especially an exotic like yours. Buyers can see what you have been doing... or they can certainly ask at the local coffee shop.  With the history of your property available, I would recommend:

  A Reverse Dutch Auction has a fundamental difference with the conventional auction that most of us are used to (the English Auction). In an English Auction, buyers openly compete against one another and item being auctioned off goes to the highest bidder. In a Reverse Dutch Auction, the auctioneer sets a high initial price, and then decreases this price at regular increments until the willing buyer is found.



  If you list with a Realtor, make sure your listing agreement contains the wording....Listing Price______$Seller instructs Broker to sell the Property for the Listing Price or any other price acceptable to Seller.  (Texas Exclusive Right To Sell Agreement p2, paragraph 3)

  If the listing agreement with Realtors does not contain this provision, feel free to add it to the agreement.  Or just throw away the Realtor listing agreement and start all over with a listing agreement written by you or your attorney. 



  By lowering your price 20-30k per weekend, you will find out if anyone is seriously looking in your neck of the woods.  News of a discount travels fast.  Find out where your bottom line is.  Then assure your interested prospect who has offered on your home that you are attempting to make a good decision in a comfortable time frame for you.  Months, if needed. 



  Again, just my 2 cents. 

  RC Cutcher

  Realtor, ABR

  www.RCshortsale.com

  512-848-4449





    ----- Original Message ----- 
    From: Andy Klee 
    To: How To Sell Your Home in 5-Days 
    Sent: Tuesday, August 11, 2009 6:48 AM
    Subject: Re: [5-DayForum] here are the ads I ran in the newspaper


    I've been talking with a friend who has helped two people sell their homes using this method.  One had a high bid of $229,000.  The owners didn't like the bid, so they sold it themselves later using more traditional methods.  Final sales price: $229,000.

    I've been following the forum messages for the last 10 days, and the book will arrive tomorrow.

    Three questions:

    1. We live in a remote, beautiful area in Western Colorado.  I don't think our buyer will be someone local--they might come from Denver (280 miles away), or another major metropolitan area.  How do we attract potential buyers from out of town?  Craig's List in our area (Western Colorado)--might not be seen in another city.  It's the kind of place that someone might buy if they are ready to move to the mountains.  I don't think they would be deliberately looking for a place in Cedaredge (my local town).  

    2. Do most of you tell everyone that there is a reserve price, or do you only volunteer that when someone asks?  

    3. Has anyone had a professional appraisal done before deciding what price they would like to get?  Nothing has sold in our area in the last year over $350,000.  We started our listing (with a realtor) at $498,000 and reduced it to $463,000.  No showings, and the house has been on the market since June 1.  I don't know what is reasonable to expect to get for the place, since there have been no sales.  I know that we'll find out what the place is worth by running the auction process.  Does a professional appraisal sound like it would give us a better idea of the possible sales price than the realtor's competitive market appraisal?

    Here are some links so you can see the place:

    Virtual Tour: http://www.tourfactory.com/510167

    Listiing: http://www.rmwrealestate.com/residential.aspx?MLSID=624517&ShowForm=Long

    Craig's List:  http://westslope.craigslist.org/reb/1314007607.html

    Finally, we don't "have to sell" now, but we'd like to move to an area with a higher population densitiy and with less snow in the winter.  We've picked out Rio Rancho, NM as our future home, and we think that we can find a great home there for less than we'll get when we sell the place in Colorado.
     
    Andy 






      -----Original Message-----
      From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On Behalf Of juliegorman at bellsouth.net
      Sent: Monday, August 10, 2009 8:22 PM
      To: 5-dayforum at mailman.howtosellyourhomein5days.com
      Subject: [5-DayForum] here are the ads I ran in the newspaper


      Here are some of the ads I ran. Our total cost for 5 days was $1500. Our house sold for $350,000 + we worked it out with our buyers that they would pay for all of the property taxes for 2009...another $4,200 worth of money back in our pocket.

      We listed with an agent for 3 months had 7 couples look at our home with 10 showings...3 couples came back twice!

      This past week to weekend we received 335 phone calls total (So Far) and the calls are still coming. We showed our home to 119 families (no telling how many people came through...most people at least had their spouse with them some had entire families!

      And in 5 short days...we sold our home! True it was less than what we wanted to get but considering we had already reduced our price with our realtor to $400,000 we would have at best only gotten $376,000. And that's if we go full asking price...which never happens. Plus in a typical closing we would have had to prorate property taxes...which in our estimation by the time haggling...and the added property taxes we would have gotten approximately $15,000 more...

      However...we don't have to pay another months mortgage payment...we are moving to Texas without having to sit on a house all winter long waiting for the right buyers at a payment of $3,000 a month...Or more property taxes...or worrying about anything that might brake down in our absence...

      Putting it all into perspective...we are very happy. We met with the couple. Are getting a non-refundable deposit and signed contract tomorrow...and are looking for boxes to start packing! 

      I SOLD MY HOUSE LAST NIGHT!

      Thanks again for everyone's help and advice through the process. Let me know if I can help in any way.

      Julie from Kentucky

      P.S. See the attached PDF files showing our ads.
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From Andy.Klee at ERPtips.com  Tue Aug 11 15:03:33 2009
From: Andy.Klee at ERPtips.com (Andy Klee)
Date: Tue, 11 Aug 2009 13:03:33 -0600
Subject: [5-DayForum] here are the ads I ran in the newspaper
In-Reply-To: <c18.5f08e029.37b3152d@aol.com>
Message-ID: <LJEOJANGFMFLOLOODJFGMEEIFNAA.Andy.Klee@ERPtips.com>

Anything under $380,000 would be hard to accept.  It's not really a 2nd home
area, but there are a good number of retirees living here.  I always say
it's a great place to meet singles if you are in your 70s.   We'll have to
do as you say--read the book carefully, think about it, and then probably
try it.

Andy
  -----Original Message-----
  From:
5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co
m
[mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein
5days.com]On Behalf Of Janetislight at aol.com
  Sent: Tuesday, August 11, 2009 12:41 PM
  To: 5-dayforum at mailman.howtosellyourhomein5days.com
  Subject: Re: [5-DayForum] here are the ads I ran in the newspaper


  If your market isn't selling "at all" I would take a break and wait.  You
need to find your "rock bottom" first.  If it is 226,000 and that is totally
unacceptable to you, then walk away from it for the time being.  It sounds
like you are in a place of "second" homes.  NOT a good market right now.  I
don't know about the reverse Dutch auction method.  I think you'd be
lowering your price until it was not what you had hoped.  I've never tried
this method and don't know as I ever would.  When you get the book.  Read
it.  Think very HARD about it.  And THEN decide was is right for you
"today."  That's your bottom line.

  Janet


  In a message dated 8/11/2009 1:08:27 P.M. Central Daylight Time,
rcutcher at austin.rr.com writes:
    Andy,

    Just my two cents, but I think you are wrong to dismiss the idea that
certain folks are looking to move to Cedaredge. I would advertise both
locally and regionally.  I don't know your area at all, but I have been
around real estate long enough to believe that price drives everything. You
are looking for a specialty buyer for a specialty house, and you have no
comparables solds recently to value your property. How is a 5day buyer
supposed to believe an appraisal when the estimate of value is based on old,
outdated information from a year or two ago?  If you haven't had any solds,
everybody is guessing.

    You do have a history of trying to sell at a certain price, which can be
a disadvantage to you.  Almost everyone does research on a property,
especially an exotic like yours. Buyers can see what you have been doing...
or they can certainly ask at the local coffee shop.  With the history of
your property available, I would recommend:

    A Reverse Dutch Auction has a fundamental difference with the
conventional auction that most of us are used to (the English Auction). In
an English Auction, buyers openly compete against one another and item being
auctioned off goes to the highest bidder. In a Reverse Dutch Auction, the
auctioneer sets a high initial price, and then decreases this price at
regular increments until the willing buyer is found.



    If you list with a Realtor, make sure your listing agreement contains
the wording....Listing Price______$Seller instructs Broker to sell the
Property for the Listing Price or any other price acceptable to Seller.
(Texas Exclusive Right To Sell Agreement p2, paragraph 3)

    If the listing agreement with Realtors does not contain this provision,
feel free to add it to the agreement.  Or just throw away the Realtor
listing agreement and start all over with a listing agreement written by you
or your attorney.



    By lowering your price 20-30k per weekend, you will find out if anyone
is seriously looking in your neck of the woods.  News of a discount travels
fast.  Find out where your bottom line is.  Then assure your interested
prospect who has offered on your home that you are attempting to make a good
decision in a comfortable time frame for you.  Months, if needed.



    Again, just my 2 cents.

    RC Cutcher

    Realtor, ABR

    www.RCshortsale.com

    512-848-4449





      ----- Original Message -----
      From: Andy Klee
      To: How To Sell Your Home in 5-Days
      Sent: Tuesday, August 11, 2009 6:48 AM
      Subject: Re: [5-DayForum] here are the ads I ran in the newspaper


      I've been talking with a friend who has helped two people sell their
homes using this method.  One had a high bid of $229,000.  The owners didn't
like the bid, so they sold it themselves later using more traditional
methods.  Final sales price: $229,000.

      I've been following the forum messages for the last 10 days, and the
book will arrive tomorrow.

      Three questions:

      1. We live in a remote, beautiful area in Western Colorado.  I don't
think our buyer will be someone local--they might come from Denver (280
miles away), or another major metropolitan area.  How do we attract
potential buyers from out of town?  Craig's List in our area (Western
Colorado)--might not be seen in another city.  It's the kind of place that
someone might buy if they are ready to move to the mountains.  I don't think
they would be deliberately looking for a place in Cedaredge (my local town).

      2. Do most of you tell everyone that there is a reserve price, or do
you only volunteer that when someone asks?

      3. Has anyone had a professional appraisal done before deciding what
price they would like to get?  Nothing has sold in our area in the last year
over $350,000.  We started our listing (with a realtor) at $498,000 and
reduced it to $463,000.  No showings, and the house has been on the market
since June 1.  I don't know what is reasonable to expect to get for the
place, since there have been no sales.  I know that we'll find out what the
place is worth by running the auction process.  Does a professional
appraisal sound like it would give us a better idea of the possible sales
price than the realtor's competitive market appraisal?

      Here are some links so you can see the place:

      Virtual Tour: http://www.tourfactory.com/510167

      Listiing:
http://www.rmwrealestate.com/residential.aspx?MLSID=624517&ShowForm=Long

      Craig's List:  http://westslope.craigslist.org/reb/1314007607.html

      Finally, we don't "have to sell" now, but we'd like to move to an area
with a higher population densitiy and with less snow in the winter.  We've
picked out Rio Rancho, NM as our future home, and we think that we can find
a great home there for less than we'll get when we sell the place in
Colorado.

      Andy






        -----Original Message-----
        From:
5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co
m
[mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein
5days.com]On Behalf Of juliegorman at bellsouth.net
        Sent: Monday, August 10, 2009 8:22 PM
        To: 5-dayforum at mailman.howtosellyourhomein5days.com
        Subject: [5-DayForum] here are the ads I ran in the newspaper


        Here are some of the ads I ran. Our total cost for 5 days was $1500.
Our house sold for $350,000 + we worked it out with our buyers that they
would pay for all of the property taxes for 2009...another $4,200 worth of
money back in our pocket.

        We listed with an agent for 3 months had 7 couples look at our home
with 10 showings...3 couples came back twice!

        This past week to weekend we received 335 phone calls total (So Far)
and the calls are still coming. We showed our home to 119 families (no
telling how many people came through...most people at least had their spouse
with them some had entire families!

        And in 5 short days...we sold our home! True it was less than what
we wanted to get but considering we had already reduced our price with our
realtor to $400,000 we would have at best only gotten $376,000. And that's
if we go full asking price...which never happens. Plus in a typical closing
we would have had to prorate property taxes...which in our estimation by the
time haggling...and the added property taxes we would have gotten
approximately $15,000 more...

        However...we don't have to pay another months mortgage payment...we
are moving to Texas without having to sit on a house all winter long waiting
for the right buyers at a payment of $3,000 a month...Or more property
taxes...or worrying about anything that might brake down in our absence...

        Putting it all into perspective...we are very happy. We met with the
couple. Are getting a non-refundable deposit and signed contract
tomorrow...and are looking for boxes to start packing!

        I SOLD MY HOUSE LAST NIGHT!

        Thanks again for everyone's help and advice through the process. Let
me know if I can help in any way.

        Julie from Kentucky

        P.S. See the attached PDF files showing our ads.


    _______________________________________________
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    5-DayForum at mailman.howtosellyourhomein5days.com
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rum



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From webmaster at pisarik.com  Tue Aug 11 13:56:23 2009
From: webmaster at pisarik.com (Paul Pisarik)
Date: Tue, 11 Aug 2009 10:56:23 -0700 (PDT)
Subject: [5-DayForum] our latest
Message-ID: <246753.17111.qm@web1107.biz.mail.sk1.yahoo.com>

We had a bit of an upset last night.  At 10:00pm we found out our child care fell through.  When we went to bed, we were not sure if we would have to postpone or what.  We prayed about it and went to sleep.  This morning the house cleaners came.  Three people spent four hours cleaning our house from top to bottom (Yay!).  I found out while they were here that our child care is back on so we are back on:).  Things are going well.  Our house inspection is this afternoon.  We rented a formal dining room table and chairs yesterday and our ad is set to go into the paper tomorrow.  We are getting ready to make our first post to Craig's List this afternoon.  I feel like we are on a roller coaster, we've been climbing climbing climbing and we are just getting ready to go over the top for the exciting big drop.  Here we go!
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From webmaster at pisarik.com  Tue Aug 11 14:45:42 2009
From: webmaster at pisarik.com (Paul Pisarik)
Date: Tue, 11 Aug 2009 11:45:42 -0700 (PDT)
Subject: [5-DayForum] Question for Julie Goreman
Message-ID: <614483.64546.qm@web1110.biz.mail.sk1.yahoo.com>

Julie, when you posted the new ads each day, did you delete the old ones or just leave them up?
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From webmaster at pisarik.com  Tue Aug 11 16:50:56 2009
From: webmaster at pisarik.com (Paul Pisarik)
Date: Tue, 11 Aug 2009 13:50:56 -0700 (PDT)
Subject: [5-DayForum] False advertising?
Message-ID: <191476.88298.qm@web1102.biz.mail.sk1.yahoo.com>

I was explaining to one of my friends the 5-Day method, including that "Neither the buyer nor the seller is bound by the bid until a contract is signed stating the exact terms and conditions of the sale."  She raised the concern of false advertising, since the ads simply say that the house will be sold to the HIGHEST BIDDER on Sunday night.  I know from reading the forum that there have been sellers who have decided not to accept the final bid and they backed out.  Do you know if anyone has ever had a problem with "false advertising"?
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From juliegorman at bellsouth.net  Tue Aug 11 18:02:30 2009
From: juliegorman at bellsouth.net (juliegorman at bellsouth.net)
Date: Tue, 11 Aug 2009 22:02:30 +0000
Subject: [5-DayForum] Question for Julie Goreman
In-Reply-To: <614483.64546.qm@web1110.biz.mail.sk1.yahoo.com>
Message-ID: <081120092202.5590.4A81EA76000C2758000015D622230682229B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>

Just left the old ones up on Craig's list. And actually on Friday I had 2 ads posted. One in the morning. One at late afternoon.

Good luck on the sale.
Julie
-------------- Original message from Paul Pisarik <webmaster at pisarik.com>: -------------- 


Julie, when you posted the new ads each day, did you delete the old ones or just leave them up?
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From bill at effros.com  Tue Aug 11 18:38:21 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 11 Aug 2009 18:38:21 -0400
Subject: [5-DayForum] Question for Julie Goreman
In-Reply-To: <081120092202.5590.4A81EA76000C2758000015D622230682229B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
References: <081120092202.5590.4A81EA76000C2758000015D622230682229B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
Message-ID: <4A81F2DD.3010102@effros.com>

I've done the same thing, not on purpose.

I don't know what the Craigslist rules are currently, but they are 
ever-changing.  All the ads disappear after 7 days.  You can make them 
disappear sooner.  If you delete an ad there is a waiting period before 
you can put up another.

Some 5-Day Sellers have found themselves off Craigslist without knowing 
it, and unable to get back on.

I have tried, but I don't know how to get a ruling from Craig.

If one 5-Day Seller puts up 2 ads, another is going to put up 3.  Then 
4.  Then 5.  Until finally we are all frozen out of the game.

Any thoughts or experience welcome.  The price is certainly right as 
long as it lasts.

Bill Effros
Author

juliegorman at bellsouth.net wrote:
> Just left the old ones up on Craig's list. And actually on Friday I 
> had 2 ads posted. One in the morning. One at late afternoon.
>  
> Good luck on the sale.
> Julie
>
>     -------------- Original message from Paul Pisarik
>     <webmaster at pisarik.com>: --------------
>
>     Julie, when you posted the new ads each day, did you delete the
>     old ones or just leave them up?
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From webmaster at pisarik.com  Tue Aug 11 22:27:29 2009
From: webmaster at pisarik.com (Pisarik Paul)
Date: Tue, 11 Aug 2009 19:27:29 -0700 (PDT)
Subject: [5-DayForum] Hmmmm, is this concerning?
Message-ID: <889056.2417.qm@web1111.biz.mail.sk1.yahoo.com>

So we posted our ad on Craig's List this afternoon.  I think it was around 2:30ish.  We received the first call within an hour.  We received an email an hour or two later.  Since then, nothing.  I just looked at Craig's List to see where the ad is and it is already way down on the list.  Should we start worrying, since we have only received two contacts all afternoon/evening?  Is there a magic time of day to post the ads on Craig's List, when they might stay towards the top longer?
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From jryantist at yahoo.com  Wed Aug 12 11:42:46 2009
From: jryantist at yahoo.com (Jamie Ryan)
Date: Wed, 12 Aug 2009 08:42:46 -0700 (PDT)
Subject: [5-DayForum] Selling This Week!
In-Reply-To: <257746.84570.qm@web54305.mail.re2.yahoo.com>
Message-ID: <805626.12869.qm@web54302.mail.re2.yahoo.com>

So I'm pretty dissappointed right now - I posted only on?craigslist last night like Bill said to, and have not gotten one response.? I was sure that this would work, and that my house was worth at least 100K, conservatively.? Is it possible that craigslist being a good indicator is only true in certain markets and certain places?? Should I still try some other advertising places and see if I get the 25 contacts by friday?

--- On Mon, 8/10/09, Jamie Ryan <jryantist at yahoo.com> wrote:


From: Jamie Ryan <jryantist at yahoo.com>
Subject: Re: [5-DayForum] Selling This Week!
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Monday, August 10, 2009, 12:09 PM







Thanks Bill,
We think we can realistically get at least 100K for it currently, 120K at most?- more if the market were better, but we would like to get it sold as soon as we can because we are moving.? Previously on the forum, someone posted about a home that was worth about 90K, and you told her to list it for 24,500 or something like that.? Based on that, we were going to list at 34,500.? Is that too low?? Should we post at more like 54,500?? Thanks for the info - I'll definitely try posting on craigslist first - we are definitely not looking to spend much money on advertising, most of the places that we were planning on posting are free.
Thanks,
Jamie? 

--- On Mon, 8/10/09, Bill Effros <bill at effros.com> wrote:


From: Bill Effros <bill at effros.com>
Subject: Re: [5-DayForum] Selling This Week!
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Monday, August 10, 2009, 10:09 AM


Jamie,

What do you think you can currently get for this home?

Advertise it on Craigslist, only, late Tuesday night, at 50% of what you honestly believe you can get, dropped down to a "Magic Number".

If you don't get a "handful" of responses by noon Wednesday, solely from the Craigslist ad, STOP EVERYTHING--and pull the ad!

You have spent nothing.? You are not likely to get anywhere near what you think your home is worth if you continue with the 5-Day Method, no matter how many additional responses you coax out of the woodwork.? Rethink the value of your home.? If you are willing to take less than you originally thought, recalibrate the 5-Day Ad and run it again in Craigslist.? Same drill.? If you don't get immediate response, don't proceed.

If you do get responses immediately from Craigslist, as Julie did, you can roll out whatever advertising you think you need.? Julie did not need to get nearly 400 responses.? She would have received the same final price if she had originally advertised in Craigslist at $174,500.? Enough people know how to read a 5-Day ad these days to know what people are hoping to get.

The initial response to Craigslist advertising is an almost infallible indication of your ability to sell your home at the present time for an amount somewhere around what you are hoping for, utilizing the 5-Day Method.

Don't get your hopes up, only to have them dashed, by advertising in a lot of other places, before you can be sure there is a market for your home at this time at a price acceptable to you.

If you can't take what you can get, stop the 5-Day Sale.? If you think some other method can get you what want, try it.? You can always try the 5-Day Method again, another time, if the other method doesn't work out.

If you can sell your home this week at a price acceptable to you, you can know it by noon Wednesday -- just as Julie did.? If you can't, you can learn what you need to know at no cost.

In either case, you can recalibrate your expectations before you spend a lot of time, money, and effort.

Bill Effros
Author



Jamie Ryan wrote: 





My husband and I are going to start advertising tomorrow to sell our home in the Charlotte, NC area.? We bought it for around 90K as a fixer upper three years ago, and have done a ton of improvements - its actually turned out to be quite nice now!? I am planning on advertising in a local weekly paper, craigslist, postlets, zillow, and with street signs (the nice ones at the store were too expensive, so I got these wooden stakes that have adhesive on them for $0.97 each.? I printed signs like Bills example classified ad, and put them in sheet protectors with carboard in them, and they look pretty nice).? Julie previously had such great craigslist feedback that I am probably going to follow the way she laid out her craigslist ad (thanks Julie!).? We have also tossed around the idea of flyers at a nearby apartment building - our current mortgage and taxes are less than most people's rent - the apartment complex might not be too happy about that though
 so I don't know if we'll do it :)? Any other suggestions or advice?would be greatly appreciated, and I'll keep everyone posted as to our progress!
~Jamie

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From Janetislight at aol.com  Wed Aug 12 13:01:14 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Wed, 12 Aug 2009 13:01:14 EDT
Subject: [5-DayForum] Selling This Week!
Message-ID: <cd2.58ef1b7f.37b44f5a@aol.com>

I didn't get anything from Craig's either.  BUT, I didn't do the fancy  ads 
like Julie did.  I got almost ALL of my contacts from signs.  You  may try 
that.  I put out 20.
 
Janet
 
 
In a message dated 8/12/2009 10:44:10 A.M. Central Daylight Time,  
jryantist at yahoo.com writes:

So I'm pretty dissappointed right now - I posted only  on craigslist last 
night like Bill said to, and have not gotten one  response.  I was sure that 
this would work, and that my house was  worth at least 100K, conservatively. 
 Is it possible that  craigslist being a good indicator is only true in 
certain markets and  certain places?  Should I still try some other advertising 
places  and see if I get the 25 contacts by friday?

--- On Mon,  8/10/09, Jamie Ryan <jryantist at yahoo.com> wrote:


From:  Jamie Ryan <jryantist at yahoo.com>
Subject: Re: [5-DayForum]  Selling This Week!
To: "How To Sell Your Home in 5-Days"  
<5-dayforum at mailman.howtosellyourhomein5days.com>
Date:  Monday, August 10, 2009, 12:09 PM

    
Thanks Bill,
We think we can realistically get at least 100K for it  currently, 120K at 
most - more if the market were better,  but we would like to get it sold as 
soon as we can because we  are moving.  Previously on the forum, someone 
posted about  a home that was worth about 90K, and you told her to list it for  
24,500 or something like that.  Based on that, we were  going to list at 
34,500.  Is that too low?  Should we  post at more like 54,500?  Thanks for 
the info - I'll  definitely try posting on craigslist first - we are 
definitely  not looking to spend much money on advertising, most of the  places that 
we were planning on posting are free.
Thanks,
Jamie  

--- On Mon, 8/10/09, Bill Effros  <bill at effros.com> wrote:



From:  Bill Effros <bill at effros.com>
Subject: Re:  [5-DayForum] Selling This Week!
To: "How To Sell Your Home  in 5-Days"  
<5-dayforum at mailman.howtosellyourhomein5days.com>
Date:  Monday, August 10, 2009, 10:09 AM

Jamie,

What do you  think you can currently get for this home?

Advertise it  on Craigslist, only, late Tuesday night, at 50% of what you  
honestly believe you can get, dropped down to a "Magic  Number".

If you don't get a "handful" of responses by  noon Wednesday, solely from 
the Craigslist ad, STOP  EVERYTHING--and pull the ad!

You have spent  nothing.  You are not likely to get anywhere near what  you 
think your home is worth if you continue with the 5-Day  Method, no matter 
how many additional responses you coax out  of the woodwork.  Rethink the 
value of your home.   If you are willing to take less than you originally 
thought,  recalibrate the 5-Day Ad and run it again in Craigslist.   Same drill. 
 If you don't get immediate response, don't  proceed.

If you do get responses immediately from  Craigslist, as Julie did, you can 
roll out whatever  advertising you think you need.  Julie did not need to  
get nearly 400 responses.  She would have received the  same final price if 
she had originally advertised in  Craigslist at $174,500.  Enough people 
know how to read a  5-Day ad these days to know what people are hoping to  get.

The initial response to Craigslist advertising is  an almost infallible 
indication of your ability to sell your  home at the present time for an amount 
somewhere around what  you are hoping for, utilizing the 5-Day Method.

Don't  get your hopes up, only to have them dashed, by advertising in  a 
lot of other places, before you can be sure there is a  market for your home 
at this time at a price acceptable to  you.

If you can't take what you can get, stop the 5-Day  Sale.  If you think 
some other method can get you what  want, try it.  You can always try the 5-Day 
Method again,  another time, if the other method doesn't work out.

If  you can sell your home this week at a price acceptable to you,  you can 
know it by noon Wednesday -- just as Julie did.   If you can't, you can 
learn what you need to know at no  cost.

In either case, you can recalibrate your  expectations before you spend a 
lot of time, money, and  effort.

Bill  Effros
Author



Jamie Ryan wrote:  
My husband and I are going to start advertising  tomorrow to sell our home 
in the Charlotte, NC  area.  We bought it for around 90K as a fixer  upper 
three years ago, and have done a ton of  improvements - its actually turned 
out to be quite  nice now!  I am planning on advertising in a  local weekly 
paper, craigslist, postlets, zillow, and  with street signs (the nice ones at 
the store were too  expensive, so I got these wooden stakes that have  
adhesive on them for $0.97 each.  I printed signs  like Bills example classified 
ad, and put them in  sheet protectors with carboard in them, and they look  
pretty nice).  Julie previously had such great  craigslist feedback that I 
am probably going to follow  the way she laid out her craigslist ad (thanks  
Julie!).  We have also tossed around the idea of  flyers at a nearby 
apartment building - our current  mortgage and taxes are less than most people's 
rent -  the apartment complex might not be too happy about  that though so I 
don't know if we'll do it :)   Any other suggestions or advice would be 
greatly  appreciated, and I'll keep everyone posted as to our  progress!
~Jamie

 
____________________________________


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From bill at effros.com  Wed Aug 12 14:12:34 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 12 Aug 2009 14:12:34 -0400
Subject: [5-DayForum] Selling This Week!
In-Reply-To: <805626.12869.qm@web54302.mail.re2.yahoo.com>
References: <805626.12869.qm@web54302.mail.re2.yahoo.com>
Message-ID: <4A830612.3070707@effros.com>

Jamie,

Stop and think about what you are trying to do.  Your home may well be 
worth 100K, but you are not likely to get it this weekend, no matter 
what you do.

The point of 25 by Friday night is to learn if there are a sufficient 
number of real buyers interested in immediately buying your home at a 
current fair market price.

The answer, in your case, is "no" -- at least for this weekend.

So now you know, and it cost you nothing.

Things are not likely to get appreciably better in one week or two.  
Some homes have become completely unsellable -- something none of us has 
ever seen before.  I am not saying yours is unsellable, only that you 
are extremely unlikely to get what you are hoping for this weekend.

If you are prepared to take substantially less, come up with a new 
number you are hoping for.  If you are not prepared to take 
substantially less, see if you can find anyone who thinks they can sell 
your home for you for what you are hoping for.  Don't sign up with them, 
just see if you can find anyone who thinks you can get what you are 
hoping for, right now.

Please don't try alternate approaches to the 5-Day Method and then 
report back that the 5-Day Method didn't work.  The 5-Day Method does 
not change the market, and the Craigslist ad you ran for 12 hours has 
proved to be an excellent indicator of current market conditions where 
you live.  The 5-Day Method is not likely to get you what you are hoping 
for this weekend.  Try to find some other way to get what you are hoping 
for in the near future.  If that doesn't work, you can always try the 
5-Day Method again.  Sample the market on Craigslist first.

Julie sold her home because she had a good idea of what her home was 
worth at the current time, and she was prepared to take substantially 
less, if need be, to get on with her life.  We all knew immediately she 
had a good idea of what her home was worth because she got immediate 
feedback from Craigslist.  We all knew she was really going to sell her 
home Sunday night because she kept telling everyone she was going to do 
so.  And she did.

Even if her buyer falls through, for any reason, she will be able to 
sell that home for $350,000 to the second bidder or the third or the 
fourth.  And if not, she will run another 5-Day Sale, starting at 
$174,500, with a lot less advertising, and sell her home for $350,000 5 
days later.

I don't think you can do that right now for an amount you are willing to 
take.

Bill Effros
Author



Jamie Ryan wrote:
> So I'm pretty dissappointed right now - I posted only on craigslist 
> last night like Bill said to, and have not gotten one response.  I was 
> sure that this would work, and that my house was worth at least 100K, 
> conservatively.  Is it possible that craigslist being a good indicator 
> is only true in certain markets and certain places?  Should I still 
> try some other advertising places and see if I get the 25 contacts by 
> friday?
>
> --- On *Mon, 8/10/09, Jamie Ryan /<jryantist at yahoo.com>/* wrote:
>
>
>     From: Jamie Ryan <jryantist at yahoo.com>
>     Subject: Re: [5-DayForum] Selling This Week!
>     To: "How To Sell Your Home in 5-Days"
>     <5-dayforum at mailman.howtosellyourhomein5days.com>
>     Date: Monday, August 10, 2009, 12:09 PM
>
>     Thanks Bill,
>     We think we can realistically get at least 100K for it currently,
>     120K at most - more if the market were better, but we would like
>     to get it sold as soon as we can because we are moving. 
>     Previously on the forum, someone posted about a home that was
>     worth about 90K, and you told her to list it for 24,500 or
>     something like that.  Based on that, we were going to list at
>     34,500.  Is that too low?  Should we post at more like 54,500? 
>     Thanks for the info - I'll definitely try posting on craigslist
>     first - we are definitely not looking to spend much money on
>     advertising, most of the places that we were planning on posting
>     are free.
>     Thanks,
>     Jamie 
>
>     --- On *Mon, 8/10/09, Bill Effros /<bill at effros.com>/* wrote:
>
>
>         From: Bill Effros <bill at effros.com>
>         Subject: Re: [5-DayForum] Selling This Week!
>         To: "How To Sell Your Home in 5-Days"
>         <5-dayforum at mailman.howtosellyourhomein5days.com>
>         Date: Monday, August 10, 2009, 10:09 AM
>
>         Jamie,
>
>         What do you think you can currently get for this home?
>
>         Advertise it on Craigslist, only, late Tuesday night, at 50%
>         of what you honestly believe you can get, dropped down to a
>         "Magic Number".
>
>         If you don't get a "handful" of responses by noon Wednesday,
>         solely from the Craigslist ad, STOP EVERYTHING--and pull the ad!
>
>         You have spent nothing.  You are not likely to get anywhere
>         near what you think your home is worth if you continue with
>         the 5-Day Method, no matter how many additional responses you
>         coax out of the woodwork.  Rethink the value of your home.  If
>         you are willing to take less than you originally thought,
>         recalibrate the 5-Day Ad and run it again in Craigslist.  Same
>         drill.  If you don't get immediate response, don't proceed.
>
>         If you do get responses immediately from Craigslist, as Julie
>         did, you can roll out whatever advertising you think you
>         need.  Julie did not need to get nearly 400 responses.  She
>         would have received the same final price if she had originally
>         advertised in Craigslist at $174,500.  Enough people know how
>         to read a 5-Day ad these days to know what people are hoping
>         to get.
>
>         The initial response to Craigslist advertising is an almost
>         infallible indication of your ability to sell your home at the
>         present time for an amount somewhere around what you are
>         hoping for, utilizing the 5-Day Method.
>
>         Don't get your hopes up, only to have them dashed, by
>         advertising in a lot of other places, before you can be sure
>         there is a market for your home at this time at a price
>         acceptable to you.
>
>         If you can't take what you can get, stop the 5-Day Sale.  If
>         you think some other method can get you what want, try it. 
>         You can always try the 5-Day Method again, another time, if
>         the other method doesn't work out.
>
>         If you can sell your home this week at a price acceptable to
>         you, you can know it by noon Wednesday -- just as Julie did. 
>         If you can't, you can learn what you need to know at no cost.
>
>         In either case, you can recalibrate your expectations before
>         you spend a lot of time, money, and effort.
>
>         Bill Effros
>         Author
>
>
>
>         Jamie Ryan wrote:
>>         My husband and I are going to start advertising tomorrow to
>>         sell our home in the Charlotte, NC area.  We bought it for
>>         around 90K as a fixer upper three years ago, and have done a
>>         ton of improvements - its actually turned out to be quite
>>         nice now!  I am planning on advertising in a local weekly
>>         paper, craigslist, postlets, zillow, and with street signs
>>         (the nice ones at the store were too expensive, so I got
>>         these wooden stakes that have adhesive on them for $0.97
>>         each.  I printed signs like Bills example classified ad, and
>>         put them in sheet protectors with carboard in them, and they
>>         look pretty nice).  Julie previously had such great
>>         craigslist feedback that I am probably going to follow the
>>         way she laid out her craigslist ad (thanks Julie!).  We have
>>         also tossed around the idea of flyers at a nearby apartment
>>         building - our current mortgage and taxes are less than most
>>         people's rent - the apartment complex might not be too happy
>>         about that though so I don't know if we'll do it :)  Any
>>         other suggestions or advice would be greatly appreciated, and
>>         I'll keep everyone posted as to our progress!
>>         ~Jamie
>>
>>
>>         ------------------------------------------------------------------------
>>
>>         _______________________________________________
>>         5-DayForum mailing list
>>         5-DayForum at mailman.howtosellyourhomein5days.com
>>         http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>           
>
>         -----Inline Attachment Follows-----
>
>         _______________________________________________
>         5-DayForum mailing list
>         5-DayForum at mailman.howtosellyourhomein5days.com
>         <http://us.mc543.mail.yahoo.com/mc/compose?to=5-DayForum at mailman.howtosellyourhomein5days.com>
>         http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
>
>     -----Inline Attachment Follows-----
>
>     _______________________________________________
>     5-DayForum mailing list
>     5-DayForum at mailman.howtosellyourhomein5days.com
>     <http://us.mc543.mail.yahoo.com/mc/compose?to=5-DayForum at mailman.howtosellyourhomein5days.com>
>     http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From lea at pisarik.com  Wed Aug 12 14:51:32 2009
From: lea at pisarik.com (Paul Pisarik)
Date: Wed, 12 Aug 2009 11:51:32 -0700 (PDT)
Subject: [5-DayForum] Question for Bill Effros
Message-ID: <460326.48218.qm@web1110.biz.mail.sk1.yahoo.com>

Hi Bill,

I put two posts on this forum yesterday evening, asking some questions about concerns I had (see "Hmmmm, is this concerning?" and "False Advertising?") and I was surprised that I received no response.  I am hoping that maybe you can respond to them?  We put our ad on Craig's List yesterday afternoon and, so far, have only received 4 responses.  Most schools are starting here this week so I am wondering if we just picked a bad week.  We followed your rule of thumb exactly for pricing our house in the ad and also put an ad in the Tulsa World exactly like the one you listed in your book (today is the first day it will run).  Any thoughts?

Thanks,
Lea Pisarik
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From juliegorman at bellsouth.net  Wed Aug 12 15:23:59 2009
From: juliegorman at bellsouth.net (juliegorman)
Date: Wed, 12 Aug 2009 12:23:59 -0700 (PDT)
Subject: [5-DayForum] Selling This Week!
In-Reply-To: <cd2.58ef1b7f.37b44f5a@aol.com>
References: <cd2.58ef1b7f.37b44f5a@aol.com>
Message-ID: <216932.11755.qm@web180514.mail.gq1.yahoo.com>

I think the key for me was following Bill's book to a "T". The only thing I added was flyers (I followed?Bill's ad design + added pics and a few more lines of description). I also sent letters to 210 of my friends on facebook. And another letter to 150 friends on email. I used the same type of flyer description listed above. 

Marketing is always multi-layered. Ironically, after running all of?our ads, the buyer ended up being a friend of a friend. However, the other bidders, which were paramount to drive up the bids,?came from both craig's list and newspaper ads.

Good luck. 
Julie from Kentucky

PS. We have a signed contract. Scheduled to close Sept. 1st. And have a good faith deposit check in hand. ( I have realtors calling me asking me how I did what I did and are going out to buy Bill's Book!)

?



________________________________
From: "Janetislight at aol.com" <Janetislight at aol.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Wednesday, August 12, 2009 1:01:14 PM
Subject: Re: [5-DayForum] Selling This Week!

I didn't get anything from Craig's either.? BUT, I didn't do the fancy ads like Julie did.? I got almost ALL of my contacts from signs.? You may try that.? I put out 20.

Janet

In a message dated 8/12/2009 10:44:10 A.M. Central Daylight Time, jryantist at yahoo.com writes:
So I'm pretty dissappointed right now - I posted only on?craigslist last night like Bill said to, and have not gotten one response.? I was sure that this would work, and that my house was worth at least 100K, conservatively.? Is it possible that craigslist being a good indicator is only true in certain markets and certain places?? Should I still try some other advertising places and see if I get the 25 contacts by friday?
>
>--- On Mon, 8/10/09, Jamie Ryan <jryantist at yahoo.com> wrote:
>
>
>>From: Jamie Ryan <jryantist at yahoo.com>
>>Subject: Re: [5-DayForum] Selling This Week!
>>To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
>>Date: Monday, August 10, 2009, 12:09 PM
>>
>>
>>Thanks Bill,
>>We think we can realistically get at least 100K for it currently, 120K at most?- more if the market were better, but we would like to get it sold as soon as we can because we are moving.? Previously on the forum, someone posted about a home that was worth about 90K, and you told her to list it for 24,500 or something like that.? Based on that, we were going to list at 34,500.? Is that too low?? Should we post at more like 54,500?? Thanks for the info - I'll definitely try posting on craigslist first - we are definitely not looking to spend much money on advertising, most of the places that we were planning on posting are free.
>>Thanks,
>>Jamie? 
>>
>>--- On Mon, 8/10/09, Bill Effros <bill at effros.com> wrote:
>>
>>
>>>From: Bill Effros <bill at effros.com>
>>>Subject: Re: [5-DayForum] Selling This Week!
>>>To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
>>>Date: Monday, August 10, 2009, 10:09 AM
>>>
>>>
>>>Jamie,
>>>
>>>What do you think you can currently get for this home?
>>>
>>>Advertise it on Craigslist, only, late Tuesday night, at 50% of what you honestly believe you can get, dropped down to a "Magic Number".
>>>
>>>If you don't get a "handful" of responses by noon Wednesday, solely from the Craigslist ad, STOP EVERYTHING--and pull the ad!
>>>
>>>You have spent nothing.? You are not likely to get anywhere near what you think your home is worth if you continue with the 5-Day Method, no matter how many additional responses you coax out of the woodwork.? Rethink the value of your home.? If you are willing to take less than you originally thought, recalibrate the 5-Day Ad and run it again in Craigslist.? Same drill.? If you don't get immediate response, don't proceed.
>>>
>>>If you do get responses immediately from Craigslist, as Julie did, you can roll out whatever advertising you think you need.? Julie did not need to get nearly 400 responses.? She would have received the same final price if she had originally advertised in Craigslist at $174,500.? Enough people know how to read a 5-Day ad these days to know what people are hoping to get.
>>>
>>>The initial response to Craigslist advertising is an almost infallible indication of your ability to sell your home at the present time for an amount somewhere around what you are hoping for, utilizing the 5-Day Method.
>>>
>>>Don't get your hopes up, only to have them dashed, by advertising in a lot of other places, before you can be sure there is a market for your home at this time at a price acceptable to you.
>>>
>>>If you can't take what you can get, stop the 5-Day Sale.? If you think some other method can get you what want, try it.? You can always try the 5-Day Method again, another time, if the other method doesn't work out.
>>>
>>>If you can sell your home this week at a price acceptable to you, you can know it by noon Wednesday -- just as Julie did.? If you can't, you can learn what you need to know at no cost.
>>>
>>>In either case, you can recalibrate your expectations before you spend a lot of time, money, and effort.
>>>
>>>Bill Effros
>>>Author
>>>
>>>
>>>
>>>Jamie Ryan wrote: 
>>>My husband and I are going to start advertising tomorrow to sell our home in the Charlotte, NC area.? We bought it for around 90K as a fixer upper three years ago, and have done a ton of improvements - its actually turned out to be quite nice now!? I am planning on advertising in a local weekly paper, craigslist, postlets, zillow, and with street signs (the nice ones at the store were too expensive, so I got these wooden stakes that have adhesive on them for $0.97 each.? I printed signs like Bills example classified ad, and put them in sheet protectors with carboard in them, and they look pretty nice).? Julie previously had such great craigslist feedback that I am probably going to follow the way she laid out her craigslist ad (thanks Julie!).? We have also tossed around the idea of flyers at a nearby apartment building - our current mortgage and taxes are less than most people's rent - the apartment complex might not be too happy about that
 though so I don't know if we'll do it :)? Any other suggestions or advice?would be greatly appreciated, and I'll keep everyone posted as to our progress!
>>>>~Jamie 
>>>>
>>>>
________________________________

>>>>_______________________________________________
>>>>5-DayForum mailing list
>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>  
>>>-----Inline Attachment Follows-----
>>>
>>>
>>>_______________________________________________
>>>5-DayForum mailing list
>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>> 
>>
>>-----Inline Attachment Follows-----
>>
>>
>>_______________________________________________
>>5-DayForum mailing list
>>5-DayForum at mailman.howtosellyourhomein5days.com
>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>> 
>
>
>_______________________________________________
>5-DayForum mailing list
>5-DayForum at mailman.howtosellyourhomein5days.com
>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>


________________________________
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From juliegorman at bellsouth.net  Wed Aug 12 15:25:40 2009
From: juliegorman at bellsouth.net (juliegorman)
Date: Wed, 12 Aug 2009 12:25:40 -0700 (PDT)
Subject: [5-DayForum] Hmmmm, is this concerning?
In-Reply-To: <889056.2417.qm@web1111.biz.mail.sk1.yahoo.com>
References: <889056.2417.qm@web1111.biz.mail.sk1.yahoo.com>
Message-ID: <68306.68137.qm@web180504.mail.gq1.yahoo.com>

I did mine first thing in the morning!
:)
Julie from Kentucky




________________________________
From: Pisarik Paul <webmaster at pisarik.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Tuesday, August 11, 2009 10:27:29 PM
Subject: [5-DayForum] Hmmmm, is this concerning?


So we posted our ad on Craig's List this afternoon.? I think it was around 2:30ish.? We received the first call within an hour.? We received an email an hour or two later.? Since then, nothing.? I just looked at Craig's List to see where the ad is and it is already way down on the list.? Should we start worrying, since we have only received two contacts all afternoon/evening?? Is there a magic time of day to post the ads on Craig's List, when they might stay towards the top longer?
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From lea at pisarik.com  Wed Aug 12 16:30:28 2009
From: lea at pisarik.com (Paul Pisarik)
Date: Wed, 12 Aug 2009 13:30:28 -0700 (PDT)
Subject: [5-DayForum] Just re-posted to Craig's List - Link
Message-ID: <421212.16104.qm@web1110.biz.mail.sk1.yahoo.com>

I just reposted our ad to Craig's List; second Craig's List ad, second day advertising on Craig's List and first day advertising in the Tulsa World.

So far, we have only received 5 contacts.  Here is a link to our latest Craig's List ad:

http://tulsa.craigslist.org/reo/1319767638.html

I just edited it to add pics because I originally forgot to include them.  Last time I looked, they had not shown up yet but hopefully they will be there soon.
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From tara at dastrup.com  Wed Aug 12 16:33:30 2009
From: tara at dastrup.com (Tara Dastrup)
Date: Wed, 12 Aug 2009 14:33:30 -0600
Subject: [5-DayForum] Just re-posted to Craig's List - Link
In-Reply-To: <421212.16104.qm@web1110.biz.mail.sk1.yahoo.com>
References: <421212.16104.qm@web1110.biz.mail.sk1.yahoo.com>
Message-ID: <7C873605C5CF804EBA9FCE425F4481E75E0A7423@phoo.dastrup.com>

Just FYI, I looked at the pictures you posted and I think that you should take all off or leave the kitchen one. Bill said only to include pictures if they are amazing. Not that your house is not nice, but I would not say that they are amazing. you want people to come to your house and see it for themselves on the day of the open house. The kitchen is really nice though. Just my opinion (and Bill says not to unless they're great). 
________________________________________
From: 5-dayforum-bounces+tara=dastrup.com at mailman.howtosellyourhomein5days.com [5-dayforum-bounces+tara=dastrup.com at mailman.howtosellyourhomein5days.com] On Behalf Of Paul Pisarik [lea at pisarik.com]
Sent: Wednesday, August 12, 2009 2:30 PM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Just re-posted to Craig's List - Link

I just reposted our ad to Craig's List; second Craig's List ad, second day advertising on Craig's List and first day advertising in the Tulsa World.

So far, we have only received 5 contacts.  Here is a link to our latest Craig's List ad:

http://tulsa.craigslist.org/reo/1319767638.html

I just edited it to add pics because I originally forgot to include them.  Last time I looked, they had not shown up yet but hopefully they will be there soon.


From Janetislight at aol.com  Wed Aug 12 16:50:07 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Wed, 12 Aug 2009 16:50:07 EDT
Subject: [5-DayForum] Just re-posted to Craig's List - Link
Message-ID: <be8.585b7a58.37b484ff@aol.com>

I agree, but maybe the first two stay.  The others have too much  "stuff."  
Usually when you sell a house, you get rid of book cases,  etc.  Unless it 
is a formal library, then leave them.  There should be  a minimum of 
decorative items and no "stuff."  ;)
 
 
In a message dated 8/12/2009 3:37:33 P.M. Central Daylight Time,  
tara at dastrup.com writes:

Just  FYI, I looked at the pictures you posted and I think that you should 
take all  off or leave the kitchen one. Bill said only to include pictures 
if they are  amazing. Not that your house is not nice, but I would not say 
that they are  amazing. you want people to come to your house and see it for 
themselves on  the day of the open house. The kitchen is really nice though. 
Just my opinion  (and Bill says not to unless they're great).  
________________________________________
From:  5-dayforum-bounces+tara=dastrup.com at mailman.howtose
llyourhomein5days.com  
[5-dayforum-bounces+tara=dastrup.com at mailman.howtosellyourhomein5days.com] On  Behalf Of Paul Pisarik [lea at pisarik.com]
Sent: Wednesday, August 12, 2009  2:30 PM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject:  [5-DayForum] Just re-posted to Craig's List - Link

I just reposted our  ad to Craig's List; second Craig's List ad, second day 
advertising on Craig's  List and first day advertising in the Tulsa World.

So far, we have only  received 5 contacts.  Here is a link to our latest 
Craig's List  ad:

http://tulsa.craigslist.org/reo/1319767638.html

I just  edited it to add pics because I originally forgot to include them.  
Last  time I looked, they had not shown up yet but hopefully they will be 
there  soon.

_______________________________________________
5-DayForum  mailing  list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


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From lea at pisarik.com  Wed Aug 12 16:51:05 2009
From: lea at pisarik.com (Paul Pisarik)
Date: Wed, 12 Aug 2009 13:51:05 -0700 (PDT)
Subject: [5-DayForum] Just re-posted to Craig's List - Link
Message-ID: <674914.18283.qm@web1116.biz.mail.sk1.yahoo.com>

Tara, thanks for the advice!  I just changed it.  Some things are left better to the imagination and look better in person.  Thanks again!
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From bill at effros.com  Wed Aug 12 17:33:18 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 12 Aug 2009 17:33:18 -0400
Subject: [5-DayForum] Question for Bill Effros
In-Reply-To: <460326.48218.qm@web1110.biz.mail.sk1.yahoo.com>
References: <460326.48218.qm@web1110.biz.mail.sk1.yahoo.com>
Message-ID: <4A83351E.4040109@effros.com>

Lea,

When you don't join the list, questions wait for my approval which 
sometimes takes a while.  The list didn't get your questions when you 
asked them.

The schools are not your problem.  There's nothing special about this week.

Yes, I would be concerned.

Look in the archives for False Advertising.

The successful sales all get outrageous numbers of responses from 
targeted advertising.  If the seller commits to taking the high bid, the 
homes can always be sold in 5 Days.  Some homes cannot be sold.  (This 
was not true when I wrote editions 1-3.)

You will be able to sell your home, however you probably won't get as 
much as you are hoping.  If you re-calibrate the ad to reflect the 
lowest amount you would actually take, dropped down to the next lowest 
magic number, you will get a better offer than if you just gut it out, 
and take what you get.

I would pull all advertising, talk to those who responded, move the sale 
to next weekend, and start lower--provided you are willing to commit to 
take the best bid you can get.

See my response to Julie -- Friend of a Friend -- not yet written, but 
coming.

Bill Effros
Author

Paul Pisarik wrote:
> Hi Bill,
>
> I put two posts on this forum yesterday evening, asking some questions 
> about concerns I had (see "Hmmmm, is this concerning?" and "False 
> Advertising?") and I was surprised that I received no response.  I am 
> hoping that maybe you can respond to them?  We put our ad on Craig's 
> List yesterday afternoon and, so far, have only received 4 responses.  
> Most schools are starting here this week so I am wondering if we just 
> picked a bad week.  We followed your rule of thumb exactly for pricing 
> our house in the ad and also put an ad in the Tulsa World exactly like 
> the one you listed in your book (today is the first day it will run).  
> Any thoughts?
>
> Thanks,
> Lea Pisarik
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From bill at effros.com  Wed Aug 12 18:02:30 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 12 Aug 2009 18:02:30 -0400
Subject: [5-DayForum] Friend of a Friend
In-Reply-To: <216932.11755.qm@web180514.mail.gq1.yahoo.com>
References: <cd2.58ef1b7f.37b44f5a@aol.com>
	<216932.11755.qm@web180514.mail.gq1.yahoo.com>
Message-ID: <4A833BF6.2000903@effros.com>

Julie,

Thanks for staying with us.  You must have plenty of other things to do!

The "friend of a friend" and "next door neighbor" phenomena come up all 
the time.

If your friend knows you are asking $450,000 for your home, and that you 
would take $400,000, your friend's friend knows it would be impolite to 
approach you and offer $350,000.  That would be tacky.  Yet, how often 
have we learned that a house we wanted was sold for less than we would 
have offered if only we knew it was available at the selling price.

If your friend, or neighbor, knows you are offering your home for 
$199,500 or best offer, and that you will REALLY take the high bid -- 
that friend of a friend is going to show up and make a bid he or she 
could not make in the "friend of a friend" context.

You nailed the spirit of the 5-Day Sale.  Your friends knew your home, 
they knew what it was worth, and they believed you were going to sell 
your home to the high bidder Sunday night. They knew if they sent their 
friends, you would not embarrass them. And so, everyone did.

The big differences between the 4th edition of the book and the ones 
that came before are:

1.  It is no longer possible to sell every home in 5-Days. 

2.  It is possible to know at no cost whether you can sell YOUR home in 
the next 5-Days.

Thanks for providing all the added detail. It is an inspiration to everyone.

Bill Effros
Author












juliegorman wrote:
> I think the key for me was following Bill's book to a "T". The only 
> thing I added was flyers (I followed Bill's ad design + added pics and 
> a few more lines of description). I also sent letters to 210 of my 
> friends on facebook. And another letter to 150 friends on email. I 
> used the same type of flyer description listed above.
>  
> Marketing is always multi-layered. Ironically, after running all 
> of our ads, the buyer ended up being a friend of a friend. However, 
> the other bidders, which were paramount to drive up the bids, came 
> from both craig's list and newspaper ads.
>  
> Good luck.
> Julie from Kentucky
>  
> PS. We have a signed contract. Scheduled to close Sept. 1st. And have 
> a good faith deposit check in hand. ( I have realtors calling me 
> asking me how I did what I did and are going out to buy Bill's Book!)
>
>  
>
> ------------------------------------------------------------------------
> *From:* "Janetislight at aol.com" <Janetislight at aol.com>
> *To:* 5-dayforum at mailman.howtosellyourhomein5days.com
> *Sent:* Wednesday, August 12, 2009 1:01:14 PM
> *Subject:* Re: [5-DayForum] Selling This Week!
>
> I didn't get anything from Craig's either.  BUT, I didn't do the fancy 
> ads like Julie did.  I got almost ALL of my contacts from signs.  You 
> may try that.  I put out 20.
>  
> Janet
>  
> In a message dated 8/12/2009 10:44:10 A.M. Central Daylight Time, 
> jryantist at yahoo.com writes:
>
>     So I'm pretty dissappointed right now - I posted only
>     on craigslist last night like Bill said to, and have not gotten
>     one response.  I was sure that this would work, and that my house
>     was worth at least 100K, conservatively.  Is it possible that
>     craigslist being a good indicator is only true in certain markets
>     and certain places?  Should I still try some other advertising
>     places and see if I get the 25 contacts by friday?
>
>     --- On *Mon, 8/10/09, Jamie Ryan /<jryantist at yahoo.com>/* wrote:
>
>
>         From: Jamie Ryan <jryantist at yahoo.com>
>         Subject: Re: [5-DayForum] Selling This Week!
>         To: "How To Sell Your Home in 5-Days"
>         <5-dayforum at mailman.howtosellyourhomein5days.com>
>         Date: Monday, August 10, 2009, 12:09 PM
>
>         Thanks Bill,
>         We think we can realistically get at least 100K for it
>         currently, 120K at most - more if the market were better, but
>         we would like to get it sold as soon as we can because we are
>         moving.  Previously on the forum, someone posted about a home
>         that was worth about 90K, and you told her to list it for
>         24,500 or something like that.  Based on that, we were going
>         to list at 34,500.  Is that too low?  Should we post at more
>         like 54,500?  Thanks for the info - I'll definitely try
>         posting on craigslist first - we are definitely not looking to
>         spend much money on advertising, most of the places that we
>         were planning on posting are free.
>         Thanks,
>         Jamie 
>
>         --- On *Mon, 8/10/09, Bill Effros /<bill at effros.com>/* wrote:
>
>
>             From: Bill Effros <bill at effros.com>
>             Subject: Re: [5-DayForum] Selling This Week!
>             To: "How To Sell Your Home in 5-Days"
>             <5-dayforum at mailman.howtosellyourhomein5days.com>
>             Date: Monday, August 10, 2009, 10:09 AM
>
>             Jamie,
>
>             What do you think you can currently get for this home?
>
>             Advertise it on Craigslist, only, late Tuesday night, at
>             50% of what you honestly believe you can get, dropped down
>             to a "Magic Number".
>
>             If you don't get a "handful" of responses by noon
>             Wednesday, solely from the Craigslist ad, STOP
>             EVERYTHING--and pull the ad!
>
>             You have spent nothing.  You are not likely to get
>             anywhere near what you think your home is worth if you
>             continue with the 5-Day Method, no matter how many
>             additional responses you coax out of the woodwork. 
>             Rethink the value of your home.  If you are willing to
>             take less than you originally thought, recalibrate the
>             5-Day Ad and run it again in Craigslist.  Same drill.  If
>             you don't get immediate response, don't proceed.
>
>             If you do get responses immediately from Craigslist, as
>             Julie did, you can roll out whatever advertising you think
>             you need.  Julie did not need to get nearly 400
>             responses.  She would have received the same final price
>             if she had originally advertised in Craigslist at
>             $174,500.  Enough people know how to read a 5-Day ad these
>             days to know what people are hoping to get.
>
>             The initial response to Craigslist advertising is an
>             almost infallible indication of your ability to sell your
>             home at the present time for an amount somewhere around
>             what you are hoping for, utilizing the 5-Day Method.
>
>             Don't get your hopes up, only to have them dashed, by
>             advertising in a lot of other places, before you can be
>             sure there is a market for your home at this time at a
>             price acceptable to you.
>
>             If you can't take what you can get, stop the 5-Day Sale. 
>             If you think some other method can get you what want, try
>             it.  You can always try the 5-Day Method again, another
>             time, if the other method doesn't work out.
>
>             If you can sell your home this week at a price acceptable
>             to you, you can know it by noon Wednesday -- just as Julie
>             did.  If you can't, you can learn what you need to know at
>             no cost.
>
>             In either case, you can recalibrate your expectations
>             before you spend a lot of time, money, and effort.
>
>             Bill Effros
>             Author
>
>
>
>             Jamie Ryan wrote:
>>             My husband and I are going to start advertising tomorrow
>>             to sell our home in the Charlotte, NC area.  We bought it
>>             for around 90K as a fixer upper three years ago, and have
>>             done a ton of improvements - its actually turned out to
>>             be quite nice now!  I am planning on advertising in a
>>             local weekly paper, craigslist, postlets, zillow, and
>>             with street signs (the nice ones at the store were too
>>             expensive, so I got these wooden stakes that have
>>             adhesive on them for $0.97 each.  I printed signs like
>>             Bills example classified ad, and put them in sheet
>>             protectors with carboard in them, and they look pretty
>>             nice).  Julie previously had such great craigslist
>>             feedback that I am probably going to follow the way she
>>             laid out her craigslist ad (thanks Julie!).  We have also
>>             tossed around the idea of flyers at a nearby apartment
>>             building - our current mortgage and taxes are less than
>>             most people's rent - the apartment complex might not be
>>             too happy about that though so I don't know if we'll do
>>             it :)  Any other suggestions or advice would be greatly
>>             appreciated, and I'll keep everyone posted as to our
>>             progress!
>>             ~Jamie
>>
>>
>>             ------------------------------------------------------------------------
>>
>>             _______________________________________________
>>             5-DayForum mailing list
>>             5-DayForum at mailman.howtosellyourhomein5days.com
>>             http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>               
>
>             -----Inline Attachment Follows-----
>
>             _______________________________________________
>             5-DayForum mailing list
>             5-DayForum at mailman.howtosellyourhomein5days.com
>             <http://us.mc543.mail.yahoo.com/mc/compose?to=5-DayForum at mailman.howtosellyourhomein5days.com>
>             http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
>
>         -----Inline Attachment Follows-----
>
>         _______________________________________________
>         5-DayForum mailing list
>         5-DayForum at mailman.howtosellyourhomein5days.com
>         <http://us.mc543.mail.yahoo.com/mc/compose?to=5-DayForum at mailman.howtosellyourhomein5days.com>
>         http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
>
>
>     _______________________________________________
>     5-DayForum mailing list
>     5-DayForum at mailman.howtosellyourhomein5days.com
>     http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
> ------------------------------------------------------------------------
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From webmaster at pisarik.com  Wed Aug 12 15:51:04 2009
From: webmaster at pisarik.com (Paul Pisarik)
Date: Wed, 12 Aug 2009 12:51:04 -0700 (PDT)
Subject: [5-DayForum] Thanks Julie!
Message-ID: <63947.52114.qm@web1113.biz.mail.sk1.yahoo.com>

Julie, Thanks so much for all of your feedback.  We really appreciate it.  Congratulations on your home sale and I hope your move goes as well.  Lea
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From juliegorman at bellsouth.net  Wed Aug 12 15:59:07 2009
From: juliegorman at bellsouth.net (juliegorman)
Date: Wed, 12 Aug 2009 12:59:07 -0700 (PDT)
Subject: [5-DayForum] Hey Bill...check out this footage from our 5 day sale!
In-Reply-To: <4A7B47F8.104@effros.com>
References: <c61.5132d2a5.37aae225@aol.com>
	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>
	<4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl>
	<4A7A5689.9060800@effros.com><080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<4A7AD96B.9050203@effros.com><080620091529.13134.4A7AF6DC000CFCD40000334E22243323629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<4A7B34EF.1060306@effros.com>
	<080620092038.24213.4A7B3F2F000AED3F00005E9522193100029B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<4A7B47F8.104@effros.com>
Message-ID: <116669.64219.qm@web180501.mail.gq1.yahoo.com>

Hey Bill...check out this footage of our 5 day sale! 
?
We ended up showing our house to 119 people.
Had 46 bids.
Sold our home for $350,000 + negotiated the buyers to pay property costs for the year since we didn't get the price we wanted.
We have a signed contract and a good faith deposit check in hand.
?
All in all...
Your method is amazing. I have realtors calling me asking me how I did it. They are going out to buy your book.
?
Thanks for writing How to Sell Your Home in 5 Days. My family and I are moving to Texas and don't have to worry about paying 2 mortgages!
?
Thanks again:
Julie from Kentucky
?
PS. Check out this video footage that our friends created from our sales experience! Hope you like it! I had to install quick time to get it to work...I hope you can view it!
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From lea at pisarik.com  Wed Aug 12 18:08:54 2009
From: lea at pisarik.com (Paul Pisarik)
Date: Wed, 12 Aug 2009 15:08:54 -0700 (PDT)
Subject: [5-DayForum] Question for Bill Effros
Message-ID: <30418.85023.qm@web1111.biz.mail.sk1.yahoo.com>

Thanks Bill.  Actually, I am registered on the site however, for some reason, it always displays my husband's name rather than mine.  Must have something to do with how our email account is set up.  Regardless, when I saw that I assumed that I could send them in his name also and that apparently was not correct.  Now I am ensuring they are sent from me:).

Thanks for the referral to the archives.  That was very helpful.

And thanks also for the advice.  Much appreciated.
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From juliegorman at bellsouth.net  Wed Aug 12 21:22:27 2009
From: juliegorman at bellsouth.net (juliegorman)
Date: Wed, 12 Aug 2009 18:22:27 -0700 (PDT)
Subject: [5-DayForum] Friend of a Friend
In-Reply-To: <4A833BF6.2000903@effros.com>
References: <cd2.58ef1b7f.37b44f5a@aol.com>
	<216932.11755.qm@web180514.mail.gq1.yahoo.com>
	<4A833BF6.2000903@effros.com>
Message-ID: <398442.7594.qm@web180513.mail.gq1.yahoo.com>

You are so more than welcome! Thank you for writing the book!

I'm moving to Texas! :)
Julie from Kentucky




________________________________
From: Bill Effros <bill at effros.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, August 12, 2009 6:02:30 PM
Subject: [5-DayForum] Friend of a Friend

Julie,

Thanks for staying with us.? You must have plenty of other things to do!

The "friend of a friend" and "next door neighbor" phenomena come up all the time.

If your friend knows you are asking $450,000 for your home, and that you would take $400,000, your friend's friend knows it would be impolite to approach you and offer $350,000.? That would be tacky.? Yet, how often have we learned that a house we wanted was sold for less than we would have offered if only we knew it was available at the selling price.

If your friend, or neighbor, knows you are offering your home for $199,500 or best offer, and that you will REALLY take the high bid -- that friend of a friend is going to show up and make a bid he or she could not make in the "friend of a friend" context.

You nailed the spirit of the 5-Day Sale.? Your friends knew your home, they knew what it was worth, and they believed you were going to sell your home to the high bidder Sunday night. They knew if they sent their friends, you would not embarrass them. And so, everyone did.

The big differences between the 4th edition of the book and the ones that came before are: 

1.? It is no longer possible to sell every home in 5-Days.? 

2.? It is possible to know at no cost whether you can sell YOUR home in the next 5-Days.

Thanks for providing all the added detail. It is an inspiration to everyone.

Bill Effros
Author












juliegorman wrote: 
I think the key for me was following Bill's book to a "T". The only thing I added was flyers (I followed?Bill's ad design + added pics and a few more lines of description). I also sent letters to 210 of my friends on facebook. And another letter to 150 friends on email. I used the same type of flyer description listed above. 
>
>Marketing is always multi-layered. Ironically, after running all of?our ads, the buyer ended up being a friend of a friend. However, the other bidders, which were paramount to drive up the bids,?came from both craig's list and newspaper ads.
>
>Good luck. 
>Julie from Kentucky
>
>PS. We have a signed contract. Scheduled to close Sept. 1st. And have a good faith deposit check in hand. ( I have realtors calling me asking me how I did what I did and are going out to buy Bill's Book!)
>
>?
>
>
>
________________________________
From: "Janetislight at aol.com" <Janetislight at aol.com>
>To: 5-dayforum at mailman.howtosellyourhomein5days.com
>Sent: Wednesday, August 12, 2009 1:01:14 PM
>Subject: Re: [5-DayForum] Selling This Week!
>
>I didn't get anything from Craig's either.? BUT, I didn't do the fancy ads like Julie did.? I got almost ALL of my contacts from signs.? You may try that.? I put out 20.
>
>Janet
>
>In a message dated 8/12/2009 10:44:10 A.M. Central Daylight Time, jryantist at yahoo.com writes:
>So I'm pretty dissappointed right now - I posted only on?craigslist last night like Bill said to, and have not gotten one response.? I was sure that this would work, and that my house was worth at least 100K, conservatively.? Is it possible that craigslist being a good indicator is only true in certain markets and certain places?? Should I still try some other advertising places and see if I get the 25 contacts by friday?
>>
>>--- On Mon, 8/10/09, Jamie Ryan <jryantist at yahoo.com> wrote:
>>
>>
>>>From: Jamie Ryan <jryantist at yahoo.com>
>>>Subject: Re: [5-DayForum] Selling This Week!
>>>To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
>>>Date: Monday, August 10, 2009, 12:09 PM
>>>
>>>
>>>Thanks Bill,
>>>We think we can realistically get at least 100K for it currently, 120K at most?- more if the market were better, but we would like to get it sold as soon as we can because we are moving.? Previously on the forum, someone posted about a home that was worth about 90K, and you told her to list it for 24,500 or something like that.? Based on that, we were going to list at 34,500.? Is that too low?? Should we post at more like 54,500?? Thanks for the info - I'll definitely try posting on craigslist first - we are definitely not looking to spend much money on advertising, most of the places that we were planning on posting are free.
>>>Thanks,
>>>Jamie? 
>>>
>>>--- On Mon, 8/10/09, Bill Effros <bill at effros.com> wrote:
>>>
>>>
>>>>From: Bill Effros <bill at effros.com>
>>>>Subject: Re: [5-DayForum] Selling This Week!
>>>>To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
>>>>Date: Monday, August 10, 2009, 10:09 AM
>>>>
>>>>
>>>>Jamie,
>>>>
>>>>What do you think you can currently get for this home?
>>>>
>>>>Advertise it on Craigslist, only, late Tuesday night, at 50% of what you honestly believe you can get, dropped down to a "Magic Number".
>>>>
>>>>If you don't get a "handful" of responses by noon Wednesday, solely from the Craigslist ad, STOP EVERYTHING--and pull the ad!
>>>>
>>>>You have spent nothing.? You are not likely to get anywhere near what you think your home is worth if you continue with the 5-Day Method, no matter how many additional responses you coax out of the woodwork.? Rethink the value of your home.? If you are willing to take less than you originally thought, recalibrate the 5-Day Ad and run it again in Craigslist.? Same drill.? If you don't get immediate response, don't proceed.
>>>>
>>>>If you do get responses immediately from Craigslist, as Julie did, you can roll out whatever advertising you think you need.? Julie did not need to get nearly 400 responses.? She would have received the same final price if she had originally advertised in Craigslist at $174,500.? Enough people know how to read a 5-Day ad these days to know what people are hoping to get.
>>>>
>>>>The initial response to Craigslist advertising is an almost infallible indication of your ability to sell your home at the present time for an amount somewhere around what you are hoping for, utilizing the 5-Day Method.
>>>>
>>>>Don't get your hopes up, only to have them dashed, by advertising in a lot of other places, before you can be sure there is a market for your home at this time at a price acceptable to you.
>>>>
>>>>If you can't take what you can get, stop the 5-Day Sale.? If you think some other method can get you what want, try it.? You can always try the 5-Day Method again, another time, if the other method doesn't work out.
>>>>
>>>>If you can sell your home this week at a price acceptable to you, you can know it by noon Wednesday -- just as Julie did.? If you can't, you can learn what you need to know at no cost.
>>>>
>>>>In either case, you can recalibrate your expectations before you spend a lot of time, money, and effort.
>>>>
>>>>Bill Effros
>>>>Author
>>>>
>>>>
>>>>
>>>>Jamie Ryan wrote: 
>>>>My husband and I are going to start advertising tomorrow to sell our home in the Charlotte, NC area.? We bought it for around 90K as a fixer upper three years ago, and have done a ton of improvements - its actually turned out to be quite nice now!? I am planning on advertising in a local weekly paper, craigslist, postlets, zillow, and with street signs (the nice ones at the store were too expensive, so I got these wooden stakes that have adhesive on them for $0.97 each.? I printed signs like Bills example classified ad, and put them in sheet protectors with carboard in them, and they look pretty nice).? Julie previously had such great craigslist feedback that I am probably going to follow the way she laid out her craigslist ad (thanks Julie!).? We have also tossed around the idea of flyers at a nearby apartment building - our current mortgage and taxes are less than most people's rent - the apartment complex might not be too happy about that
 though so I don't know if we'll do it :)? Any other suggestions or advice?would be greatly appreciated, and I'll keep everyone posted as to our progress!
>>>>>~Jamie 
>>>>>
>>>>>
________________________________

>>>>>_______________________________________________
>>>>>5-DayForum mailing list
>>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>>>  
>>>>-----Inline Attachment Follows-----
>>>>
>>>>
>>>>_______________________________________________
>>>>5-DayForum mailing list
>>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>> 
>>>
>>>-----Inline Attachment Follows-----
>>>
>>>
>>>_______________________________________________
>>>5-DayForum mailing list
>>>5-DayForum at mailman.howtosellyourhomein5days.com
>>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>> 
>>
>>
>>_______________________________________________
>>5-DayForum mailing list
>>5-DayForum at mailman.howtosellyourhomein5days.com
>>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>
>
________________________________

>
________________________________

>_______________________________________________
>5-DayForum mailing list
>5-DayForum at mailman.howtosellyourhomein5days.com
>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>  
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From Andy.Klee at ERPtips.com  Wed Aug 12 22:20:52 2009
From: Andy.Klee at ERPtips.com (Andy Klee)
Date: Wed, 12 Aug 2009 20:20:52 -0600
Subject: [5-DayForum] Reserve price
Message-ID: <LJEOJANGFMFLOLOODJFGAEKOFNAA.Andy.Klee@ERPtips.com>

I've read through Bill's book and can't quite find where he talks about the
"reserve" price concept in detail.

Suppose I think my house is worth $350,000.  I list it at $174,500 and I get
over 25 responses, so everyone comes over to see the place, and then the
round robin bidding commences.

Bill's 3rd edition says to tell people "We'll take the best offer we get as
of Sunday night."

The price I need to get is $260,000.  At the end of the bidding, the highest
bid is $220,000.  At this point, and I think Bill's method and some of the
posts on this forum support this--I can walk away and try another time.

Aren't the highest bidders going to be annoyed and say "but you said the
house would be sold to the highest bidder on Sunday night"?

If we don't publicly state that there is a reserve price, isn't that
misleading?  I'm not saying that we should ever state what the reserve price
is, only that there is a reserve price.

Thoughts?

Andy ?
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From jcrafor at hotmail.com  Thu Aug 13 13:36:25 2009
From: jcrafor at hotmail.com (j crafor)
Date: Thu, 13 Aug 2009 17:36:25 +0000
Subject: [5-DayForum] Reserve price
In-Reply-To: <LJEOJANGFMFLOLOODJFGAEKOFNAA.Andy.Klee@ERPtips.com>
References: <LJEOJANGFMFLOLOODJFGAEKOFNAA.Andy.Klee@ERPtips.com>
Message-ID: <SNT116-W12781EC0003A520C9220E5AE050@phx.gbl>


Your state law may support you. In my state, unless it is specifically stated that there is NO reserve price, there is a reserve price.

 

In my ads, I did not say will be sold, I said, will be offered 

I also stated there was an undisclosed reserve price. 

 

JCrafor
 


From: Andy.Klee at ERPtips.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Wed, 12 Aug 2009 20:20:52 -0600
Subject: [5-DayForum] Reserve price


I've read through Bill's book and can't quite find where he talks about the "reserve" price concept in detail.
 
Suppose I think my house is worth $350,000.  I list it at $174,500 and I get over 25 responses, so everyone comes over to see the place, and then the round robin bidding commences.  
 
Bill's 3rd edition says to tell people "We'll take the best offer we get as of Sunday night."
 
The price I need to get is $260,000.  At the end of the bidding, the highest bid is $220,000.  At this point, and I think Bill's method and some of the posts on this forum support this--I can walk away and try another time.  
 
Aren't the highest bidders going to be annoyed and say "but you said the house would be sold to the highest bidder on Sunday night"?
 
If we don't publicly state that there is a reserve price, isn't that misleading?  I'm not saying that we should ever state what the reserve price is, only that there is a reserve price.
 
Thoughts?
 
Andy ?
_________________________________________________________________
Get back to school stuff for them and cashback for you.
http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackToSchool_Cashback_BTSCashback_1x1
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From Andy.Klee at ERPtips.com  Thu Aug 13 13:53:39 2009
From: Andy.Klee at ERPtips.com (Andy Klee)
Date: Thu, 13 Aug 2009 11:53:39 -0600
Subject: [5-DayForum] Reserve price
In-Reply-To: <SNT116-W12781EC0003A520C9220E5AE050@phx.gbl>
Message-ID: <LJEOJANGFMFLOLOODJFGCEOGFNAA.Andy.Klee@ERPtips.com>

I think that's the right way to do it--state that there is an undisclosed
reserve price.
  -----Original Message-----
  From:
5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co
m
[mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein
5days.com]On Behalf Of j crafor
  Sent: Thursday, August 13, 2009 11:36 AM
  To: 5-dayforum at mailman.how tosellyour home
  Subject: Re: [5-DayForum] Reserve price


  Your state law may support you. In my state, unless it is specifically
stated that there is NO reserve price, there is a reserve price.

  In my ads, I did not say will be sold, I said, will be offered
  I also stated there was an undisclosed reserve price.

  JCrafor


----------------------------------------------------------------------------
--
  From: Andy.Klee at ERPtips.com
  To: 5-dayforum at mailman.howtosellyourhomein5days.com
  Date: Wed, 12 Aug 2009 20:20:52 -0600
  Subject: [5-DayForum] Reserve price


  I've read through Bill's book and can't quite find where he talks about
the "reserve" price concept in detail.

  Suppose I think my house is worth $350,000.  I list it at $174,500 and I
get over 25 responses, so everyone comes over to see the place, and then the
round robin bidding commences.

  Bill's 3rd edition says to tell people "We'll take the best offer we get
as of Sunday night."

  The price I need to get is $260,000.  At the end of the bidding, the
highest bid is $220,000.  At this point, and I think Bill's method and some
of the posts on this forum support this--I can walk away and try another
time.

  Aren't the highest bidders going to be annoyed and say "but you said the
house would be sold to the highest bidder on Sunday night"?

  If we don't publicly state that there is a reserve price, isn't that
misleading?  I'm not saying that we should ever state what the reserve price
is, only that there is a reserve price.

  Thoughts?

  Andy ?


----------------------------------------------------------------------------
--
  Get back to school stuff for them and cashback for you. Try Bing now.
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From Janetislight at aol.com  Thu Aug 13 14:00:40 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Thu, 13 Aug 2009 14:00:40 EDT
Subject: [5-DayForum] Reserve price
Message-ID: <d30.52a22a63.37b5aec8@aol.com>

Really, all you need to do at your inspections is tell everyone that until  
a satisfactory agreement between both buyer and seller is reached and a 
contract  is signed, there is no obligation to close for either party.  This 
was the  job of the closer at my sale.
 
Janet
 
 
In a message dated 8/13/2009 12:54:49 P.M. Central Daylight Time,  
Andy.Klee at erptips.com writes:

I think  that's the right way to do it--state that there is an undisclosed 
reserve  price.  

-----Original Message-----
From:  
5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com  
[mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On  Behalf Of j crafor
Sent: Thursday, August 13, 2009 11:36  AM
To: 5-dayforum at mailman.how tosellyour home
Subject:  Re: [5-DayForum] Reserve price


Your state law may  support you. In my state, unless it is specifically 
stated that there  is NO reserve price, there is a reserve price.

In my ads, I did  not say will be sold, I said, will be offered 
I also stated there was an  undisclosed reserve price. 

JCrafor

 
____________________________________
From: Andy.Klee at ERPtips.com
To:  5-dayforum at mailman.howtosellyourhomein5days.com
Date: Wed, 12 Aug 2009  20:20:52 -0600
Subject: [5-DayForum] Reserve price

I've read through  Bill's book and can't quite find where he talks about 
the "reserve" price  concept in detail.
 
Suppose I think my  house is worth $350,000.  I list it at $174,500 and I 
get over 25  responses, so everyone comes over to see the place, and then the 
round robin  bidding commences.  
 
Bill's 3rd edition says to tell  people "We'll take the best offer we get 
as of Sunday  night."
 
The price I need to  get is $260,000.  At the end of the bidding, the 
highest bid is  $220,000.  At this point, and I think Bill's method and some of 
the  posts on this forum support this--I can walk away and try another  time. 
 
 
Aren't the highest  bidders going to be annoyed and say "but you said the 
house would be sold to  the highest bidder on Sunday night"?
 
If we don't publicly  state that there is a reserve price, isn't that 
misleading?  I'm not  saying that we should ever state what the reserve price is, 
only that there  is a reserve price.
 
Thoughts?
 
Andy  ?

 
____________________________________
Get back to school stuff for them and cashback for you. _Try Bing now._ 
(http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackToSc
hool_Cashback_BTSCashback_1x1)   


_______________________________________________
5-DayForum  mailing  list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


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From bill at effros.com  Thu Aug 13 20:56:38 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 13 Aug 2009 20:56:38 -0400
Subject: [5-DayForum] Hey Bill...check out this footage from our 5 day
 sale!
In-Reply-To: <116669.64219.qm@web180501.mail.gq1.yahoo.com>
References: <c61.5132d2a5.37aae225@aol.com>	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>	<4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl>	<4A7A5689.9060800@effros.com><080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>	<4A7AD96B.9050203@effros.com><080620091529.13134.4A7AF6DC000CFCD40000334E22243323629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>	<4A7B34EF.1060306@effros.com>	<080620092038.24213.4A7B3F2F000AED3F00005E9522193100029B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>	<4A7B47F8.104@effros.com>
	<116669.64219.qm@web180501.mail.gq1.yahoo.com>
Message-ID: <4A84B646.1090804@effros.com>

Thanks, Julie,

Is it OK if I post it to my website?

(It may take a while.)

Bill

juliegorman wrote:
>
> Hey Bill...check out this footage of our 5 day sale!
>
>  
>
> We ended up showing our house to 119 people.
>
> Had 46 bids.
>
> Sold our home for $350,000 + negotiated the buyers to pay property 
> costs for the year since we didn't get the price we wanted.
>
> We have a signed contract and a good faith deposit check in hand.
>
>  
>
> All in all...
>
> Your method is amazing. I have realtors calling me asking me how I did 
> it. They are going out to buy your book.
>
>  
>
> Thanks for writing How to Sell Your Home in 5 Days. My family and I 
> are moving to Texas and don't have to worry about paying 2 mortgages!
>
>  
>
> Thanks again:
>
> Julie from Kentucky
>
>  
>
> PS. Check out this video footage that our friends created from our 
> sales experience! Hope you like it! I had to install quick time to get 
> it to work...I hope you can view it!
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From juliegorman at bellsouth.net  Fri Aug 14 11:14:43 2009
From: juliegorman at bellsouth.net (juliegorman)
Date: Fri, 14 Aug 2009 08:14:43 -0700 (PDT)
Subject: [5-DayForum] Hey Bill...check out this footage from our 5 day
	sale!
In-Reply-To: <4A84B646.1090804@effros.com>
References: <c61.5132d2a5.37aae225@aol.com>
	<SNT116-W95B339BDA83386B755FA9AE0D0@phx.gbl>
	<4A79985F.6090604@effros.com><SNT116-W44B3347AAFE5A36249D9EEAE0D0@phx.gbl>
	<4A7A5689.9060800@effros.com><080620091130.2881.4A7ABEBE0008625400000B4122218683269B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<4A7AD96B.9050203@effros.com><080620091529.13134.4A7AF6DC000CFCD40000334E22243323629B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<4A7B34EF.1060306@effros.com>
	<080620092038.24213.4A7B3F2F000AED3F00005E9522193100029B0A02D2089B9A019C04040A0DBF020E039D01090A07049A06@att.net>
	<4A7B47F8.104@effros.com>
	<116669.64219.qm@web180501.mail.gq1.yahoo.com>
	<4A84B646.1090804@effros.com>
Message-ID: <825965.91605.qm@web180508.mail.gq1.yahoo.com>

Absolutely! You are more than welcome to! My friend did a great job on it! I would love for you to share it.

Julie




________________________________
From: Bill Effros <bill at effros.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, August 13, 2009 7:56:38 PM
Subject: Re: [5-DayForum] Hey Bill...check out this footage from our 5 day sale!

Thanks, Julie,

Is it OK if I post it to my website?

(It may take a while.)

Bill

juliegorman wrote: 
Hey Bill...check out this footage of our 5 day sale! 
>?
>We ended up showing our house to 119 people.
>Had 46 bids.
>Sold our home for $350,000 + negotiated the buyers to pay property costs for the year since we didn't get the price we wanted.
>We have a signed contract and a good faith deposit check in hand.
>?
>All in all...
>Your method is amazing. I have realtors calling me asking me how I did it. They are going out to buy your book.
>?
>Thanks for writing How to Sell Your Home in 5 Days. My family and I are moving to Texas and don't have to worry about paying 2 mortgages!
>?
>Thanks again:
>Julie from Kentucky
>?
>PS. Check out this video footage that our friends created from our sales experience! Hope you like it! I had to install quick time to get it to work...I hope you can view it!
>
________________________________

>_______________________________________________
>5-DayForum mailing list
>5-DayForum at mailman.howtosellyourhomein5days.com
>http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>  
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From hhsamcox at yahoo.com  Fri Aug 14 13:33:49 2009
From: hhsamcox at yahoo.com (Sam Cox)
Date: Fri, 14 Aug 2009 10:33:49 -0700 (PDT)
Subject: [5-DayForum] Hey Bill...check out this footage from our 5 day
	sale!
In-Reply-To: <825965.91605.qm@web180508.mail.gq1.yahoo.com>
Message-ID: <490855.56924.qm@web50501.mail.re2.yahoo.com>

I just finished reading the book. Does starting the ads a week early hurt or help produce the 25 calls by Friday night?

Sam

--- On Fri, 8/14/09, juliegorman <juliegorman at bellsouth.net> wrote:

> From: juliegorman <juliegorman at bellsouth.net>
> Subject: Re: [5-DayForum] Hey Bill...check out this footage from our 5 day sale!
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Friday, August 14, 2009, 11:14 AM
> Absolutely! You are more than
> welcome to! My friend did a great job on it! I would love
> for you to share it.
> 
> Julie
> 
> 
> 
> 
> 
> From: Bill
> Effros <bill at effros.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent:
> Thursday, August 13, 2009 7:56:38 PM
> Subject: Re:
> [5-DayForum] Hey Bill...check out this footage from our 5
> day sale!
> 
> 
> Thanks, Julie,
> 
> Is it OK if I post it to my website?
> 
> (It may take a while.)
> 
> Bill
> 
> juliegorman wrote: 
> 
> 
> Hey Bill...check out this footage of our 5 day sale!
> 
> ?
> We ended up showing our house to 119 people.
> Had 46 bids.
> Sold our home for $350,000 + negotiated the buyers to
> pay property costs for the year since we didn't get the
> price we wanted.
> We have a signed contract and a good faith deposit check
> in hand.
> ?
> All in all...
> Your method is amazing. I have realtors calling me
> asking me how I did it. They are going out to buy your
> book.
> ?
> Thanks for writing How to Sell Your Home in 5 Days. My
> family and I are moving to Texas and don't have to worry
> about paying 2 mortgages!
> ?
> Thanks again:
> Julie from Kentucky
> ?
> PS. Check out this video footage that our friends
> created from our sales experience! Hope you like it! I had
> to install quick time to get it to work...I hope you can
> view it!
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
> 
> -----Inline Attachment Follows-----
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 


From juliegorman at bellsouth.net  Sat Aug 15 08:06:19 2009
From: juliegorman at bellsouth.net (juliegorman)
Date: Sat, 15 Aug 2009 05:06:19 -0700 (PDT)
Subject: [5-DayForum] Hey Bill...check out this footage from our 5 day
	sale!
In-Reply-To: <490855.56924.qm@web50501.mail.re2.yahoo.com>
References: <490855.56924.qm@web50501.mail.re2.yahoo.com>
Message-ID: <880382.55304.qm@web180504.mail.gq1.yahoo.com>

Go by the book exactly...otherwise you create more work for yourself than necessary! Good luck.

Julie




________________________________
From: Sam Cox <hhsamcox at yahoo.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, August 14, 2009 1:33:49 PM
Subject: Re: [5-DayForum] Hey Bill...check out this footage from our 5 day sale!

I just finished reading the book. Does starting the ads a week early hurt or help produce the 25 calls by Friday night?

Sam

--- On Fri, 8/14/09, juliegorman <juliegorman at bellsouth.net> wrote:

> From: juliegorman <juliegorman at bellsouth.net>
> Subject: Re: [5-DayForum] Hey Bill...check out this footage from our 5 day sale!
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Friday, August 14, 2009, 11:14 AM
> Absolutely! You are more than
> welcome to! My friend did a great job on it! I would love
> for you to share it.
> 
> Julie
> 
> 
> 
> 
> 
> From: Bill
> Effros <bill at effros.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent:
> Thursday, August 13, 2009 7:56:38 PM
> Subject: Re:
> [5-DayForum] Hey Bill...check out this footage from our 5
> day sale!
> 
> 
> Thanks, Julie,
> 
> Is it OK if I post it to my website?
> 
> (It may take a while.)
> 
> Bill
> 
> juliegorman wrote: 
> 
> 
> Hey Bill...check out this footage of our 5 day sale!
> 
> ?
> We ended up showing our house to 119 people.
> Had 46 bids.
> Sold our home for $350,000 + negotiated the buyers to
> pay property costs for the year since we didn't get the
> price we wanted.
> We have a signed contract and a good faith deposit check
> in hand.
> ?
> All in all...
> Your method is amazing. I have realtors calling me
> asking me how I did it. They are going out to buy your
> book.
> ?
> Thanks for writing How to Sell Your Home in 5 Days. My
> family and I are moving to Texas and don't have to worry
> about paying 2 mortgages!
> ?
> Thanks again:
> Julie from Kentucky
> ?
> PS. Check out this video footage that our friends
> created from our sales experience! Hope you like it! I had
> to install quick time to get it to work...I hope you can
> view it!
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>? 
> 
> -----Inline Attachment Follows-----
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 

_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From hhsamcox at yahoo.com  Sat Aug 15 21:46:22 2009
From: hhsamcox at yahoo.com (Sam Cox)
Date: Sat, 15 Aug 2009 18:46:22 -0700 (PDT)
Subject: [5-DayForum] Hey Bill...check out this footage from our 5 day
	sale!
In-Reply-To: <880382.55304.qm@web180504.mail.gq1.yahoo.com>
Message-ID: <617593.22095.qm@web50502.mail.re2.yahoo.com>

How did you locate a title company that already knew about the 5-day sale program?

--- On Sat, 8/15/09, juliegorman <juliegorman at bellsouth.net> wrote:

> From: juliegorman <juliegorman at bellsouth.net>
> Subject: Re: [5-DayForum] Hey Bill...check out this footage from our 5 day sale!
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Saturday, August 15, 2009, 8:06 AM
> Go
> by the book exactly...otherwise you create more work for
> yourself than necessary! Good luck.
> ?
> Julie
> 
> 
> 
> 
> 
> From: Sam Cox
> <hhsamcox at yahoo.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Friday,
> August 14, 2009 1:33:49 PM
> Subject: Re:
> [5-DayForum] Hey Bill...check out this footage from our 5
> day sale!
> 
> I just finished reading the book. Does starting the ads a
> week early hurt or help produce the 25 calls by Friday
> night?
> 
> Sam
> 
> --- On Fri, 8/14/09, juliegorman <juliegorman at bellsouth.net>
> wrote:
> 
> > From: juliegorman <juliegorman at bellsouth.net>
> > Subject: Re: [5-DayForum] Hey Bill...check
>  out this footage from our 5 day sale!
> > To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Date: Friday, August 14, 2009, 11:14 AM
> > Absolutely! You are more than
> > welcome to! My friend did a great job on it! I would
> love
> > for you to share it.
> > 
> > Julie
> > 
> > 
> > 
> > 
> > 
> > From: Bill
> > Effros <bill at effros.com>
> > To: How To
> > Sell Your Home in 5-Days
> > <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Sent:
> > Thursday, August 13, 2009 7:56:38 PM
> >
>  Subject: Re:
> > [5-DayForum] Hey Bill...check out this footage from
> our 5
> > day sale!
> > 
> > 
> > Thanks, Julie,
> > 
> > Is it OK if I post it to my website?
> > 
> > (It may take a while.)
> > 
> > Bill
> > 
> > juliegorman wrote: 
> > 
> > 
> > Hey Bill...check out this footage of our 5 day sale!
> > 
> > ?
> > We ended up showing our house to 119 people.
> > Had 46 bids.
> > Sold our home for $350,000 + negotiated the buyers to
> > pay property costs for the year since we didn't
> get the
> > price we wanted.
> > We have a signed contract and a good faith deposit
> check
> > in hand.
> > ?
> > All in all...
> > Your method is amazing. I have realtors calling me
> > asking me how I did it. They are going out to buy
> your
> > book.
> > ?
> > Thanks for writing How to Sell Your Home in 5 Days.
> My
> > family
>  and I are moving to Texas and don't have to worry
> > about paying 2 mortgages!
> > ?
> > Thanks again:
> > Julie from Kentucky
> > ?
> > PS. Check out this video footage that our friends
> > created from our sales experience! Hope you like it! I
> had
> > to install quick time to get it to work...I hope you
> can
> > view it!
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> >? 
> > 
> > -----Inline Attachment Follows-----
> > 
> >
>  _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> > 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
> -----Inline Attachment Follows-----
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 


From damian_colden at yahoo.com  Sat Aug 15 23:05:25 2009
From: damian_colden at yahoo.com (Damian Colden)
Date: Sat, 15 Aug 2009 20:05:25 -0700 (PDT)
Subject: [5-DayForum] Hey Bill...check out this footage from our 5 day
	sale!
In-Reply-To: <617593.22095.qm@web50502.mail.re2.yahoo.com>
References: <617593.22095.qm@web50502.mail.re2.yahoo.com>
Message-ID: <807116.76024.qm@web53112.mail.re2.yahoo.com>

Closing on a 5-day sale is no different than any other sale for a title company. Ask the title company for a FSBO package. Many will have such a package and it has the forms for you to fill out with the buyer.

 Dac Colden
Investor/Realtor



----- Original Message ----
From: Sam Cox <hhsamcox at yahoo.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Saturday, August 15, 2009 9:46:22 PM
Subject: Re: [5-DayForum] Hey Bill...check out this footage from our 5 day sale!

How did you locate a title company that already knew about the 5-day sale program?

--- On Sat, 8/15/09, juliegorman <juliegorman at bellsouth.net> wrote:

> From: juliegorman <juliegorman at bellsouth.net>
> Subject: Re: [5-DayForum] Hey Bill...check out this footage from our 5 day sale!
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Saturday, August 15, 2009, 8:06 AM
> Go
> by the book exactly...otherwise you create more work for
> yourself than necessary! Good luck.
>  
> Julie
> 
> 
> 
> 
> 
> From: Sam Cox
> <hhsamcox at yahoo.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Friday,
> August 14, 2009 1:33:49 PM
> Subject: Re:
> [5-DayForum] Hey Bill...check out this footage from our 5
> day sale!
> 
> I just finished reading the book. Does starting the ads a
> week early hurt or help produce the 25 calls by Friday
> night?
> 
> Sam
> 
> --- On Fri, 8/14/09, juliegorman <juliegorman at bellsouth.net>
> wrote:
> 
> > From: juliegorman <juliegorman at bellsouth.net>
> > Subject: Re: [5-DayForum] Hey Bill...check
>  out this footage from our 5 day sale!
> > To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Date: Friday, August 14, 2009, 11:14 AM
> > Absolutely! You are more than
> > welcome to! My friend did a great job on it! I would
> love
> > for you to share it.
> > 
> > Julie
> > 
> > 
> > 
> > 
> > 
> > From: Bill
> > Effros <bill at effros.com>
> > To: How To
> > Sell Your Home in 5-Days
> > <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Sent:
> > Thursday, August 13, 2009 7:56:38 PM
> >
>  Subject: Re:
> > [5-DayForum] Hey Bill...check out this footage from
> our 5
> > day sale!
> > 
> > 
> > Thanks, Julie,
> > 
> > Is it OK if I post it to my website?
> > 
> > (It may take a while.)
> > 
> > Bill
> > 
> > juliegorman wrote: 
> > 
> > 
> > Hey Bill...check out this footage of our 5 day sale!
> > 
> >  
> > We ended up showing our house to 119 people.
> > Had 46 bids.
> > Sold our home for $350,000 + negotiated the buyers to
> > pay property costs for the year since we didn't
> get the
> > price we wanted.
> > We have a signed contract and a good faith deposit
> check
> > in hand.
> >  
> > All in all...
> > Your method is amazing. I have realtors calling me
> > asking me how I did it. They are going out to buy
> your
> > book.
> >  
> > Thanks for writing How to Sell Your Home in 5 Days.
> My
> > family
>  and I are moving to Texas and don't have to worry
> > about paying 2 mortgages!
> >  
> > Thanks again:
> > Julie from Kentucky
> >  
> > PS. Check out this video footage that our friends
> > created from our sales experience! Hope you like it! I
> had
> > to install quick time to get it to work...I hope you
> can
> > view it!
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> >  
> > 
> > -----Inline Attachment Follows-----
> > 
> >
>  _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> > 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
> -----Inline Attachment Follows-----
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 

_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



      

From onefunone2205 at hotmail.com  Sun Aug 16 13:37:34 2009
From: onefunone2205 at hotmail.com (K C)
Date: Sun, 16 Aug 2009 13:37:34 -0400
Subject: [5-DayForum] should I mention (or other) to bidders my expected
	price?
Message-ID: <SNT111-W36BA13F75148168AB83751B7000@phx.gbl>


Hello there -- 



First I'd like to add the idea of the 5-day sale. I'm also EXTREMELY
IMPRESSED with it and the idea you guys stay current in your blog... So
I bought your book to have the greeters & the buyers review.



blog improvement comment: I'd like to see that the people who post are
somehow informed of how to add a subject line which would or could be
more beneficial to locating the information sought after and which
would also cut down on your repetitive answers, etc.



My question (centered around the SUBJECT line) is:



How do I otherwise "hint" around about what I am asking for as a price?
what if I have a direct question to that effect? and What about those
who've already seen it through my fsbo signs and have inquired about
the price already?



Note: I have three documented recent sales from a local Realtor -
Should I deliver the three comp sales as documents in the package to be
assembled at the door by the greeter to perhaps steer the bidders in
that direction?
_________________________________________________________________
Get back to school stuff for them and cashback for you.
http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackToSchool_Cashback_BTSCashback_1x1
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From rosemarie-fred at mindspring.com  Sun Aug 16 14:30:53 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Sun, 16 Aug 2009 14:30:53 -0400
Subject: [5-DayForum] should I mention (or other) to bidders my
	expectedprice?
References: <SNT111-W36BA13F75148168AB83751B7000@phx.gbl>
Message-ID: <730E659391B84033B26BEEC824376A1E@rosemarifv6onv>

If you do this you will screw it up completely! It is the opposite of what you should do.
Rosemarie
  ----- Original Message ----- 
  From: K C 
  To: 5-dayforum at howtosellyourhomein5days.com 
  Sent: Sunday, August 16, 2009 1:37 PM
  Subject: [5-DayForum] should I mention (or other) to bidders my expectedprice?


  Hello there -- 

  First I'd like to add the idea of the 5-day sale. I'm also EXTREMELY IMPRESSED with it and the idea you guys stay current in your blog... So I bought your book to have the greeters & the buyers review.

  blog improvement comment: I'd like to see that the people who post are somehow informed of how to add a subject line which would or could be more beneficial to locating the information sought after and which would also cut down on your repetitive answers, etc.

  My question (centered around the SUBJECT line) is:

  How do I otherwise "hint" around about what I am asking for as a price? what if I have a direct question to that effect? and What about those who've already seen it through my fsbo signs and have inquired about the price already?

  Note: I have three documented recent sales from a local Realtor - Should I deliver the three comp sales as documents in the package to be assembled at the door by the greeter to perhaps steer the bidders in that direction?

------------------------------------------------------------------------------
  Get back to school stuff for them and cashback for you. Try BingT now. 


------------------------------------------------------------------------------


  _______________________________________________
  5-DayForum mailing list
  5-DayForum at mailman.howtosellyourhomein5days.com
  http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
-------------- next part --------------
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From Janetislight at aol.com  Sun Aug 16 17:21:32 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Sun, 16 Aug 2009 17:21:32 EDT
Subject: [5-DayForum] should I mention (or other) to bidders my
	expectedprice?
Message-ID: <d28.4efada97.37b9d25c@aol.com>

I don't see the problem with having the comps available if someone asks if  
you have had it appraised, you can show them the copies.
 
As to the price.... the whole thing falls apart when you don't allow people 
 to bid as they would like.  Period.  During my round robin I got an  offer 
from someone my realtor had shown it to before I canceled the  contract.  
So I called the two remaining bidders and told them the price I  was getting, 
which was substantially higher than their current bids and they  dropped 
out.  Could they have gotten there on their own?  Who  knows.  The 5-day sale 
light a fire under someone who "just couldn't make  up their mind."  So, for 
me, my first sale was a little out of the  ordinary.  Some people asked me 
what to bid during the round robin.   Really!!!  I told them to bid what 
they thought the house was worth and  what they were willing to pay.  Bids 
started going up by the thousands  then.  I hope this information helps you.  
But don't, by any means  reveal your reserve price.
 
Janet
 
 
 
In a message dated 8/16/2009 1:31:58 P.M. Central Daylight Time,  
rosemarie-fred at mindspring.com writes:

If you do this you will screw it up  completely! It is the opposite of what 
you should do.
Rosemarie

----- Original Message ----- 
From:  _K C_ (mailto:onefunone2205 at hotmail.com)  
To: _5-dayforum at howtosellyourhomein5days.com_ 
(mailto:5-dayforum at howtosellyourhomein5days.com)   
Sent: Sunday, August 16, 2009 1:37  PM
Subject: [5-DayForum] should I mention  (or other) to bidders my 
expectedprice?


Hello there -- 

First I'd like to add the idea of the  5-day sale. I'm also EXTREMELY 
IMPRESSED with it and the idea you guys stay  current in your blog... So I bought 
your book to have the greeters & the  buyers review.

blog improvement comment: I'd like to see that the  people who post are 
somehow informed of how to add a subject line which  would or could be more 
beneficial to locating the information sought after  and which would also cut 
down on your repetitive answers, etc.

My  question (centered around the SUBJECT line) is:

How do I otherwise  "hint" around about what I am asking for as a price? 
what if I have a direct  question to that effect? and What about those who've 
already seen it through  my fsbo signs and have inquired about the price 
already?

Note: I have  three documented recent sales from a local Realtor - Should I 
deliver the  three comp sales as documents in the package to be assembled 
at the door by  the greeter to perhaps steer the bidders in that direction?
 
____________________________________
Get back to school stuff for them and cashback for you. _Try BingT now._ 
(http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackToS
chool_Cashback_BTSCashback_1x1)   
 
____________________________________
_______________________________________________
5-DayForum mailing  list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



_______________________________________________
5-DayForum  mailing  list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


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From jamesfleming.realestate at gmail.com  Sun Aug 16 18:26:12 2009
From: jamesfleming.realestate at gmail.com (James Fleming)
Date: Sun, 16 Aug 2009 15:26:12 -0700
Subject: [5-DayForum] Hey Bill...check out this footage from our 5
	daysale!
In-Reply-To: <807116.76024.qm@web53112.mail.re2.yahoo.com>
References: <617593.22095.qm@web50502.mail.re2.yahoo.com>
	<807116.76024.qm@web53112.mail.re2.yahoo.com>
Message-ID: <F0D0A7CCD8714E78978A76DC45F7F993@jamesfleming>

Good advice from Dac.  A few of the larger title companies even provide
these forms online as downloads.  

Good luck.

Jim  Realtor
Vancouver WA

-----Original Message-----
From:
5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourho
mein5days.com
[mailto:5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtose
llyourhomein5days.com] On Behalf Of Damian Colden
Sent: Saturday, August 15, 2009 8:05 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Hey Bill...check out this footage from our 5
daysale!

Closing on a 5-day sale is no different than any other sale for a title
company. Ask the title company for a FSBO package. Many will have such a
package and it has the forms for you to fill out with the buyer.

 Dac Colden
Investor/Realtor



----- Original Message ----
From: Sam Cox <hhsamcox at yahoo.com>
To: How To Sell Your Home in 5-Days
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Saturday, August 15, 2009 9:46:22 PM
Subject: Re: [5-DayForum] Hey Bill...check out this footage from our 5 day
sale!

How did you locate a title company that already knew about the 5-day sale
program?

--- On Sat, 8/15/09, juliegorman <juliegorman at bellsouth.net> wrote:

> From: juliegorman <juliegorman at bellsouth.net>
> Subject: Re: [5-DayForum] Hey Bill...check out this footage from our 5 day
sale!
> To: "How To Sell Your Home in 5-Days"
<5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Saturday, August 15, 2009, 8:06 AM
> Go
> by the book exactly...otherwise you create more work for
> yourself than necessary! Good luck.
>  
> Julie
> 
> 
> 
> 
> 
> From: Sam Cox
> <hhsamcox at yahoo.com>
> To: How To
> Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Friday,
> August 14, 2009 1:33:49 PM
> Subject: Re:
> [5-DayForum] Hey Bill...check out this footage from our 5
> day sale!
> 
> I just finished reading the book. Does starting the ads a
> week early hurt or help produce the 25 calls by Friday
> night?
> 
> Sam
> 
> --- On Fri, 8/14/09, juliegorman <juliegorman at bellsouth.net>
> wrote:
> 
> > From: juliegorman <juliegorman at bellsouth.net>
> > Subject: Re: [5-DayForum] Hey Bill...check
>  out this footage from our 5 day sale!
> > To: "How To Sell Your Home in 5-Days"
<5-dayforum at mailman.howtosellyourhomein5days.com>
> > Date: Friday, August 14, 2009, 11:14 AM
> > Absolutely! You are more than
> > welcome to! My friend did a great job on it! I would
> love
> > for you to share it.
> > 
> > Julie
> > 
> > 
> > 
> > 
> > 
> > From: Bill
> > Effros <bill at effros.com>
> > To: How To
> > Sell Your Home in 5-Days
> > <5-dayforum at mailman.howtosellyourhomein5days.com>
> > Sent:
> > Thursday, August 13, 2009 7:56:38 PM
> >
>  Subject: Re:
> > [5-DayForum] Hey Bill...check out this footage from
> our 5
> > day sale!
> > 
> > 
> > Thanks, Julie,
> > 
> > Is it OK if I post it to my website?
> > 
> > (It may take a while.)
> > 
> > Bill
> > 
> > juliegorman wrote: 
> > 
> > 
> > Hey Bill...check out this footage of our 5 day sale!
> > 
> >  
> > We ended up showing our house to 119 people.
> > Had 46 bids.
> > Sold our home for $350,000 + negotiated the buyers to
> > pay property costs for the year since we didn't
> get the
> > price we wanted.
> > We have a signed contract and a good faith deposit
> check
> > in hand.
> >  
> > All in all...
> > Your method is amazing. I have realtors calling me
> > asking me how I did it. They are going out to buy
> your
> > book.
> >  
> > Thanks for writing How to Sell Your Home in 5 Days.
> My
> > family
>  and I are moving to Texas and don't have to worry
> > about paying 2 mortgages!
> >  
> > Thanks again:
> > Julie from Kentucky
> >  
> > PS. Check out this video footage that our friends
> > created from our sales experience! Hope you like it! I
> had
> > to install quick time to get it to work...I hope you
> can
> > view it!
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> >
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> >  
> > 
> > -----Inline Attachment Follows-----
> > 
> >
>  _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> >
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> > 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
>
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
> -----Inline Attachment Follows-----
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
>
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 

_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



      
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


From kromas113 at aol.com  Mon Aug 17 23:19:22 2009
From: kromas113 at aol.com (Joe Lamers)
Date: Mon, 17 Aug 2009 23:19:22 -0400
Subject: [5-DayForum] Need most cost effective in my area?
Message-ID: <8CBEDC9D0AC4DFC-8CC-D5D@webmail-m006.sysops.aol.com>

Thank YOU
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From jotis at leadershipinst.org  Tue Aug 18 18:00:23 2009
From: jotis at leadershipinst.org (Jeff Otis)
Date: Tue, 18 Aug 2009 18:00:23 -0400
Subject: [5-DayForum] DELETE US FROM DATABASE MAILING LIST THANK YOU
In-Reply-To: <8CBEDC9D0AC4DFC-8CC-D5D@webmail-m006.sysops.aol.com>
References: <8CBEDC9D0AC4DFC-8CC-D5D@webmail-m006.sysops.aol.com>
Message-ID: <000001ca204f$4aa89d70$dff9d850$@org>

Please remove us from mailing list

 

 

 

rom:
5-dayforum-bounces+jotis=leadershipinst.org at mailman.howtosellyourhomein5days
.com
[mailto:5-dayforum-bounces+jotis=leadershipinst.org at mailman.howtosellyourhom
ein5days.com] On Behalf Of Joe Lamers
Sent: Monday, August 17, 2009 11:19 PM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Need most cost effective in my area?

 

Thank YOU

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From Andy.Klee at ERPtips.com  Wed Aug 19 14:49:26 2009
From: Andy.Klee at ERPtips.com (Andy Klee)
Date: Wed, 19 Aug 2009 12:49:26 -0600
Subject: [5-DayForum] Appraisals/Working with a Realtor/Attracting Out of
	Town Buyers
Message-ID: <LJEOJANGFMFLOLOODJFGIEONFOAA.Andy.Klee@ERPtips.com>

First, a little background.

Listed my place at $498,350 on May 1.  Using ReMax--they have 50% of the
properties in my area. It's a beautiful mountain area in Western Colorado.
Reduced the price to $462,000 in mid-July. No showings yet.  Nothing with
2000+ square feet has sold in our immediate area for over $300,000 this
year.

I decided to pay for a professional, certified appraiser to do an appraisal.
Report came back at $392,000.  He had to look pretty hard, and pretty far
out to find sold comparables.  He made the comment that nearly all
comparable for sale properties nearby are listed at prices that are $100,000
too high.  And that's probably keeping buyers from even looking in our area.

Questions:

1. If we drop the price to $398,350 and continue to use the realtor, and
then decide to have a 5 day auction, would bidders find out about the
$398,350 price and expect to pay significantly less?

2. Has anyone had any luck finding out of town buyers for higher end
properties?  I'm in Cedaredge, Colorado, and we could advertise locally, and
in Grand Junction, Montrose, Telluride, Aspen, and Denver.   But I'm also
thinking about advertising in a few major metro areas further away.

Here's a Craigslist ad for the property that a realtor is running:
http://denver.craigslist.org/reb/1300772143.html

And here's the Remax listing:
http://www.rmwrealestate.com/residential.aspx?MLSID=624517&ShowForm=Long

Thanks for any advice.

Andy Klee
Andy.Klee at ERPtips.com
970 856 4811
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From Janetislight at aol.com  Wed Aug 19 16:07:27 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Wed, 19 Aug 2009 16:07:27 EDT
Subject: [5-DayForum] Appraisals/Working with a Realtor/Attracting Out
	of Town Buy...
Message-ID: <c5a.51921de7.37bdb57f@aol.com>

Most people one here have come from a realtor listing that didn't work to  
do a 5-day sale instead.  So, I don't think that it would cause a  problem.
 
And I believe Julie's house was in your ballpark.  You can check the  
archives by name.
 
Good Luck!
 
Janet
 
 
In a message dated 8/19/2009 1:50:38 P.M. Central Daylight Time,  
Andy.Klee at erptips.com writes:

First, a little  background.
 
Listed my place at  $498,350 on May 1.  Using ReMax--they have 50% of the 
properties in my  area. It's a beautiful mountain area in Western Colorado.  
Reduced  the price to $462,000 in mid-July. No showings yet.   Nothing with 
2000+ square feet has sold in our immediate area for over  $300,000 this 
year.
 
I decided to pay  for a professional, certified appraiser to do an 
appraisal.  Report came  back at $392,000.  He had to look pretty hard, and pretty 
far out to find  sold comparables.  He made the comment that nearly all 
comparable for  sale properties nearby are listed at prices that are $100,000 too 
high.   And that's probably keeping buyers from even looking in our  area.
 
Questions:
 
1. If we drop the  price to $398,350 and continue to use the realtor, and 
then decide to have a 5  day auction, would bidders find out about the 
$398,350 price and expect to pay  significantly less?  
 
2. Has anyone had  any luck finding out of town buyers for higher end 
properties?  I'm in  Cedaredge, Colorado, and we could advertise locally, and in 
Grand Junction,  Montrose, Telluride, Aspen, and Denver.   But I'm also 
thinking  about advertising in a few major metro areas further away.
 
Here's a  Craigslist ad for the property that a realtor is running: 
_http://denver.craigslist.org/reb/1300772143.html_ 
(http://denver.craigslist.org/reb/1300772143.html) 
 
And here's the  Remax listing:  
_http://www.rmwrealestate.com/residential.aspx?MLSID=624517&ShowForm=Long_ 
(http://www.rmwrealestate.com/residential.aspx?MLSID=624517&ShowForm=Long) 
 
Thanks for any  advice.

Andy Klee
_Andy.Klee at ERPtips.com_ (mailto:Andy.Klee at ERPtips.com) 



970  856  4811


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From larrychase at mchsi.com  Wed Aug 19 18:22:12 2009
From: larrychase at mchsi.com (Larry Chase)
Date: Wed, 19 Aug 2009 17:22:12 -0500
Subject: [5-DayForum] Ad w/ Only 20 Characters?
Message-ID: <45AA4296-9A8F-4ABD-B876-5EA22C6F0FB3@mchsi.com>

The newspapers in my area allow only approximately 20 characters/ 
line.  It's difficult to get some of the information completely on  
one line as shown in the examples from the book which are based on 28  
characters/line.

I could purchase a 2 column ad at a higher price, yet would prefer to  
keep it at 1 column.

What suggestions do you have for producing a good ad with only 20  
characters/line allowed?

Best,
Larry

From onefunone2304 at yahoo.com  Thu Aug 20 07:23:01 2009
From: onefunone2304 at yahoo.com (Carl K)
Date: Thu, 20 Aug 2009 04:23:01 -0700 (PDT)
Subject: [5-DayForum] timing & listing for sale conventionally mean time
	with a upcoming labor day weekend...
Message-ID: <388905.18969.qm@web37102.mail.mud.yahoo.com>

Hello there - thanks for the reposne from my last post - awesome!

Now, here's my dilemma: I wanted to run my 5-day sale the following weekend - well, I'm typically no more a clockwatcher than I am a calendar watcher yet I did take a peek and discovered that would be Labor day weekend - to me this is a h-u-g-e no-no -- especially after watching for sale ads in the newspapers real estate section -- *everyone* (including and especially it seems buyers) dissappear on all the three day weekends... 

Where I am at now with the house - I need to polish the knobs and do some final finish work - the property is VACANT (and has been since May when I renovated after the tenant moved out - where I've had to clean the massive oil stains and sealed the newer driveway which got hammered with stains, filled all the holes in the walls, fresh paint,. etc., etc.,. ). We had a bad storm yesterday and now the storm door got wacked and tore the screen, broke the air piston and I'm not quite certain to do about that since it is the first thing people will see and it is closing kind of funky like - and although I really do not want to put another penny into the house - re-store from habitat for humanity has $300 storms for somewhere between $25-75.00...

Q: what about the vacant house - there's really nothing in there to show - I'm not going to bake cookies or add any spray or other "air scents" especially detrimental if someone who has allergies walks in -- Is there something I can do with minimum expense to help this shell of a (everything else is new) house look more presentable and to perhaps eliminate the echos - other than a real detailed buff-cleaning?

Other dynamics I'm concerned with:

I'd like to see that there's a full 60 days or so for someone with an offer to be able to close on to get their rebate money - as I would like if I were a buyer - is it the beginning of November or the end of November when this stimulus offer ends?

Other background info: The house is located in a very desirable "hub" in a very populr school district which boats a reputation for that as well as low low real estate taxes (only $2k/ year for all - compared to a minimum average of $5-800.00 more/ yr to nearly $8-10k/ year... I started my fsbo expedition about 4 weeks ago and had 14-16 calls and like 4 showings,. one offer at $140k, of which I've politely refused to accept. I've been asking $164,900 and it's worth every penny of it. I also am not being prideful as there are other houses listing at $199K and sold comps at $175; $208K etc. (with not nearly the finish work or the quality which anyone can see (and actually feel) as soon as you walk in the door). Most comments included - it's a real pleasure to walk into a house that's for sale which is actually clean! (there's more other positives -  yet buyers these days are kicking the heck out of the tires and they all want to feel they got one over on
 you - ie a bargin (or vise-versa) - if they do not - then as my experience reveals thus far - they will not even bite - even though everyone who came to look said it was worth every penny and extremely nice.

Bottom line -- with all this in mind (sorry about the novel above!) -- but  I was thinking to go ahead and post my house on craigslist in the mean time for the next three weeks until I can do the 5-day sale following the labor day weekend.

What is your feedback to all the above??

I remain - in the dilemma
Ck


      
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From onefunone2304 at yahoo.com  Thu Aug 20 07:23:01 2009
From: onefunone2304 at yahoo.com (Carl K)
Date: Thu, 20 Aug 2009 04:23:01 -0700 (PDT)
Subject: [5-DayForum] timing & listing for sale conventionally mean time
	with a upcoming labor day weekend...
Message-ID: <388905.18969.qm@web37102.mail.mud.yahoo.com>

Hello there - thanks for the reposne from my last post - awesome!

Now, here's my dilemma: I wanted to run my 5-day sale the following weekend - well, I'm typically no more a clockwatcher than I am a calendar watcher yet I did take a peek and discovered that would be Labor day weekend - to me this is a h-u-g-e no-no -- especially after watching for sale ads in the newspapers real estate section -- *everyone* (including and especially it seems buyers) dissappear on all the three day weekends... 

Where I am at now with the house - I need to polish the knobs and do some final finish work - the property is VACANT (and has been since May when I renovated after the tenant moved out - where I've had to clean the massive oil stains and sealed the newer driveway which got hammered with stains, filled all the holes in the walls, fresh paint,. etc., etc.,. ). We had a bad storm yesterday and now the storm door got wacked and tore the screen, broke the air piston and I'm not quite certain to do about that since it is the first thing people will see and it is closing kind of funky like - and although I really do not want to put another penny into the house - re-store from habitat for humanity has $300 storms for somewhere between $25-75.00...

Q: what about the vacant house - there's really nothing in there to show - I'm not going to bake cookies or add any spray or other "air scents" especially detrimental if someone who has allergies walks in -- Is there something I can do with minimum expense to help this shell of a (everything else is new) house look more presentable and to perhaps eliminate the echos - other than a real detailed buff-cleaning?

Other dynamics I'm concerned with:

I'd like to see that there's a full 60 days or so for someone with an offer to be able to close on to get their rebate money - as I would like if I were a buyer - is it the beginning of November or the end of November when this stimulus offer ends?

Other background info: The house is located in a very desirable "hub" in a very populr school district which boats a reputation for that as well as low low real estate taxes (only $2k/ year for all - compared to a minimum average of $5-800.00 more/ yr to nearly $8-10k/ year... I started my fsbo expedition about 4 weeks ago and had 14-16 calls and like 4 showings,. one offer at $140k, of which I've politely refused to accept. I've been asking $164,900 and it's worth every penny of it. I also am not being prideful as there are other houses listing at $199K and sold comps at $175; $208K etc. (with not nearly the finish work or the quality which anyone can see (and actually feel) as soon as you walk in the door). Most comments included - it's a real pleasure to walk into a house that's for sale which is actually clean! (there's more other positives -  yet buyers these days are kicking the heck out of the tires and they all want to feel they got one over on
 you - ie a bargin (or vise-versa) - if they do not - then as my experience reveals thus far - they will not even bite - even though everyone who came to look said it was worth every penny and extremely nice.

Bottom line -- with all this in mind (sorry about the novel above!) -- but  I was thinking to go ahead and post my house on craigslist in the mean time for the next three weeks until I can do the 5-day sale following the labor day weekend.

What is your feedback to all the above??

I remain - in the dilemma
Ck


      
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From Janetislight at aol.com  Thu Aug 20 11:16:26 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Thu, 20 Aug 2009 11:16:26 EDT
Subject: [5-DayForum] timing & listing for sale conventionally mean time
	with a up...
Message-ID: <cb7.57c633b0.37bec2ca@aol.com>

You do have a lot of questions.... I'll do my best to give my insight on  
each.  Labor Day Weekend, no way.  The re-store sounds like a great  idea and 
people expect storm doors anymore.  Since I rehab or build new  houses, 
they are all vacant.  I prefer vacant myself because I can step off  the length 
of my furniture more easily.  Others like "models."  I  wouldn't go to the 
expense of staging the house myself.  Others here  may differ in that 
opinion.  Just make sure everything is sparkling clean  and all light bulbs are 
new or cleaned as well.  As far as your Craig's ad  still running.... heck 
yes!  You may sell prior to your planned 5-day  sale.  I hope this helps.
 
Good luck and let us know how it's going.
 
Janet
 
 
In a message dated 8/20/2009 9:26:48 A.M. Central Daylight Time,  
onefunone2304 at yahoo.com writes:

 
Hello there - thanks for the reposne from my last post -  awesome!

Now, here's my dilemma: I wanted to run my 5-day sale the  following 
weekend - well, I'm typically no more a clockwatcher than I am a  calendar watcher 
yet I did take a peek and discovered that would be Labor day  weekend - to 
me this is a h-u-g-e no-no -- especially after watching for sale  ads in the 
newspapers real estate section -- *everyone* (including and  especially it 
seems buyers) dissappear on all the three day weekends...  

Where I am at now with the house - I need to polish the knobs and do  some 
final finish work - the property is VACANT (and has been since May when I  
renovated after the tenant moved out - where I've had to clean the massive 
oil  stains and sealed the newer driveway which got hammered with stains, 
filled  all the holes in the walls, fresh paint,. etc., etc.,. ). We had a bad 
storm  yesterday and now the storm door got wacked and tore the screen, broke 
the air  piston and I'm not quite certain to do about that since it is the 
first thing  people will see and it is closing kind of funky like - and 
although I really  do not want to put another penny into the house - re-store 
from habitat for  humanity has $300 storms for somewhere between $25-75.00...

Q: what  about the vacant house - there's really nothing in there to show - 
I'm not  going to bake cookies or add any spray or other "air scents" 
especially  detrimental if someone who has allergies walks in -- Is there 
something I can  do with minimum expense to help this shell of a (everything else 
is new) house  look more presentable and to perhaps eliminate the echos - 
other than a real  detailed buff-cleaning?

Other dynamics I'm concerned with:

I'd  like to see that there's a full 60 days or so for someone with an 
offer to be  able to close on to get their rebate money - as I would like if I 
were a buyer  - is it the beginning of November or the end of November when 
this stimulus  offer ends?

Other background info: The house is located in a very  desirable "hub" in a 
very populr school district which boats a reputation for  that as well as 
low low real estate taxes (only $2k/ year for all - compared  to a minimum 
average of $5-800.00 more/ yr to nearly $8-10k/ year... I started  my fsbo 
expedition about 4 weeks ago and had 14-16 calls and like 4 showings,.  one 
offer at $140k, of which I've politely refused to accept. I've been asking  
$164,900 and it's worth every penny of it. I also am not being prideful as  
there are other houses listing at $199K and sold comps at $175; $208K etc.  
(with not nearly the finish work or the quality which anyone can see (and  
actually feel) as soon as you walk in the door). Most comments included - it's  
a real pleasure to walk into a house that's for sale which is actually 
clean!  (there's more other positives -  yet buyers these days are kicking the  
heck out of the tires and they all want to feel they got one over on you - ie 
 a bargin (or vise-versa) - if they do not - then as my experience reveals 
thus  far - they will not even bite - even though everyone who came to look 
said it  was worth every penny and extremely nice.

Bottom line -- with all this  in mind (sorry about the novel above!) -- but 
I was thinking to go ahead and  post my house on craigslist in the mean 
time for the next three weeks until I  can do the 5-day sale following the 
labor day weekend. 

What is your  feedback to all the above??

I remain - in the  dilemma
Ck






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From jcrafor at hotmail.com  Thu Aug 20 15:51:29 2009
From: jcrafor at hotmail.com (j crafor)
Date: Thu, 20 Aug 2009 19:51:29 +0000
Subject: [5-DayForum] SOLD!
In-Reply-To: <cb7.57c633b0.37bec2ca@aol.com>
References: <cb7.57c633b0.37bec2ca@aol.com>
Message-ID: <SNT116-W232C2962F467578AB16683AEFD0@phx.gbl>


I signed papers on my house in Tucson this morning. 

Because I had such low response to the 5Day sale ad, (1 email) and not much more from the open house ad, I didn't do a 5Day. But, one of the people who saw the sign on the yard called several weeks ago, and they are buying it. We hope to close by the end of August, which apparently we should be able to do, as they already had their loan in process. They are happy with the  inspection I had done for a 5Day sale, but the lender may need other inspections. 

These folks are really pleased, and I'm pleased with them. I got the best price I could, and am confident this is good. 

 

Bill, though I didn't use your system to sell, it was you and your book and this forum that gave me confidence that I could do it myself. It was you and your book and this forum that told me how, what steps to take, and when, and I'm grateful.

 

Thank you all. OH, I'm taking back-up offers in case anyone is interested!

Jcrafor

 

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http://www.windowslive.com/Desktop/PhotoGallery
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From bill at effros.com  Thu Aug 20 17:34:55 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 20 Aug 2009 17:34:55 -0400
Subject: [5-DayForum] SOLD!
In-Reply-To: <SNT116-W232C2962F467578AB16683AEFD0@phx.gbl>
References: <cb7.57c633b0.37bec2ca@aol.com>
	<SNT116-W232C2962F467578AB16683AEFD0@phx.gbl>
Message-ID: <4A8DC17F.2060200@effros.com>

Jcrafor,

Congratulations!

You did what you had to do, and took the current market value.  That is 
really the only point.

Tuscon is one tough market right now, and it's good to know anyone can 
do anything in this climate.

You worked hard on this, and you earned your success.

Bill Effros
Author

j crafor wrote:
> I signed papers on my house in Tucson this morning.
> Because I had such low response to the 5Day sale ad, (1 email) and not 
> much more from the open house ad, I didn't do a 5Day. But, one of the 
> people who saw the sign on the yard called several weeks ago, and they 
> are buying it. We hope to close by the end of August, which apparently 
> we should be able to do, as they already had their loan in process. 
> They are happy with the  inspection I had done for a 5Day sale, but 
> the lender may need other inspections.
> These folks are really pleased, and I'm pleased with them. I got the 
> best price I could, and am confident this is good.
>  
> Bill, though I didn't use your system _to sell,_ it was you and your 
> book and this forum that gave me confidence that I could do it myself. 
> It was you and your book and this forum that told me how, what steps 
> to take, and when, and I'm grateful.
>  
> Thank you all. OH, I'm taking back-up offers in case anyone is interested!
> Jcrafor
>  
>
> ------------------------------------------------------------------------
> With Windows Live, you can organize, edit, and share your photos. 
> Click here. <http://www.windowslive.com/Desktop/PhotoGallery>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From jcrafor at hotmail.com  Thu Aug 20 18:21:14 2009
From: jcrafor at hotmail.com (j crafor)
Date: Thu, 20 Aug 2009 22:21:14 +0000
Subject: [5-DayForum] SOLD!
In-Reply-To: <4A8DC17F.2060200@effros.com>
References: <cb7.57c633b0.37bec2ca@aol.com>
	<SNT116-W232C2962F467578AB16683AEFD0@phx.gbl>
	<4A8DC17F.2060200@effros.com>
Message-ID: <SNT116-W14B81E1FF0C5F90453D6DAEFD0@phx.gbl>


"Bill, though I didn't use your system to sell, it was you and your book and this forum that gave me confidence that I could do it myself. It was you and your book and this forum that told me how, what steps to take, and when, and I'm grateful."

 

I'd like to say FIRST, that it was your book that told me HOW to sell my house, the steps, and the whens, then you all supported, helped, guided, chided, etc, and gave me the CONFIDENCE.

Thank you.

JCrafor
 


Date: Thu, 20 Aug 2009 17:34:55 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] SOLD!

Jcrafor,

Congratulations!

You did what you had to do, and took the current market value.  That is really the only point.

Tuscon is one tough market right now, and it's good to know anyone can do anything in this climate.

You worked hard on this, and you earned your success.

Bill Effros
Author

j crafor wrote: 


I signed papers on my house in Tucson this morning. 
Because I had such low response to the 5Day sale ad, (1 email) and not much more from the open house ad, I didn't do a 5Day. But, one of the people who saw the sign on the yard called several weeks ago, and they are buying it. We hope to close by the end of August, which apparently we should be able to do, as they already had their loan in process. They are happy with the  inspection I had done for a 5Day sale, but the lender may need other inspections. 
These folks are really pleased, and I'm pleased with them. I got the best price I could, and am confident this is good. 
 
Bill, though I didn't use your system to sell, it was you and your book and this forum that gave me confidence that I could do it myself. It was you and your book and this forum that told me how, what steps to take, and when, and I'm grateful.
 
Thank you all. OH, I'm taking back-up offers in case anyone is interested!
Jcrafor
 



With Windows Live, you can organize, edit, and share your photos. Click here. 
_______________________________________________
5-DayForum mailing list
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From hhsamcox at yahoo.com  Thu Aug 20 23:29:32 2009
From: hhsamcox at yahoo.com (Sam Cox)
Date: Thu, 20 Aug 2009 20:29:32 -0700 (PDT)
Subject: [5-DayForum] Ad w/ Only 20 Characters?
In-Reply-To: <45AA4296-9A8F-4ABD-B876-5EA22C6F0FB3@mchsi.com>
Message-ID: <669334.22622.qm@web50502.mail.re2.yahoo.com>

I say don't walk over dollars to pick up pennies! Spend the extra money to work the program exactly like it is laid out if you want to get the highest price for your property. 

--- On Wed, 8/19/09, Larry Chase <larrychase at mchsi.com> wrote:

> From: Larry Chase <larrychase at mchsi.com>
> Subject: [5-DayForum] Ad w/ Only 20 Characters?
> To: 5-dayforum at howtosellyourhomein5days.com
> Date: Wednesday, August 19, 2009, 6:22 PM
> The newspapers in my area allow only
> approximately 20 characters/ 
> line.? It's difficult to get some of the information
> completely on? 
> one line as shown in the examples from the book which are
> based on 28? 
> characters/line.
> 
> I could purchase a 2 column ad at a higher price, yet would
> prefer to? 
> keep it at 1 column.
> 
> What suggestions do you have for producing a good ad with
> only 20? 
> characters/line allowed?
> 
> Best,
> Larry
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 


From rosemarie-fred at mindspring.com  Fri Aug 21 07:59:20 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Fri, 21 Aug 2009 07:59:20 -0400
Subject: [5-DayForum] Ad w/ Only 20 Characters?
References: <669334.22622.qm@web50502.mail.re2.yahoo.com>
Message-ID: <261FEFDDD1D648298EF0F4A29D299B6D@rosemarifv6onv>

I disagree! To do the ad as it is in the book would have cost me over $1000. 
Not worth it! Do the best you can depending on the cost. Some people in our 
area have done that and been really disappointed at the results.
It seems as if the latest advice from Bill is to use Craigs list for free - 
if you haven't been seeing the recent emails about that, please check back 
in the forum.
Rosemarie

----- Original Message ----- 
From: "Sam Cox" <hhsamcox at yahoo.com>
To: "How To Sell Your Home in 5-Days" 
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, August 20, 2009 11:29 PM
Subject: Re: [5-DayForum] Ad w/ Only 20 Characters?


I say don't walk over dollars to pick up pennies! Spend the extra money to 
work the program exactly like it is laid out if you want to get the highest 
price for your property.

--- On Wed, 8/19/09, Larry Chase <larrychase at mchsi.com> wrote:

> From: Larry Chase <larrychase at mchsi.com>
> Subject: [5-DayForum] Ad w/ Only 20 Characters?
> To: 5-dayforum at howtosellyourhomein5days.com
> Date: Wednesday, August 19, 2009, 6:22 PM
> The newspapers in my area allow only
> approximately 20 characters/
> line. It's difficult to get some of the information
> completely on
> one line as shown in the examples from the book which are
> based on 28
> characters/line.
>
> I could purchase a 2 column ad at a higher price, yet would
> prefer to
> keep it at 1 column.
>
> What suggestions do you have for producing a good ad with
> only 20
> characters/line allowed?
>
> Best,
> Larry
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>

_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 


From hhsamcox at yahoo.com  Fri Aug 21 13:03:40 2009
From: hhsamcox at yahoo.com (Sam Cox)
Date: Fri, 21 Aug 2009 10:03:40 -0700 (PDT)
Subject: [5-DayForum] Ad w/ Only 20 Characters? Something's fishy...
In-Reply-To: <261FEFDDD1D648298EF0F4A29D299B6D@rosemarifv6onv>
Message-ID: <862923.32997.qm@web50504.mail.re2.yahoo.com>

Just what paper are you considering advertising in at that rate? The Washington Post ad costs less than $500 with the complete layout and few abbreviations. I would be certain to place an ad on every web site I could if I didn't have one in print. What medium will your three buyers come from? Are you certain the print ad is not the one?

--- On Fri, 8/21/09, rosemarie-fred <rosemarie-fred at mindspring.com> wrote:

> From: rosemarie-fred <rosemarie-fred at mindspring.com>
> Subject: Re: [5-DayForum] Ad w/ Only 20 Characters?
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Friday, August 21, 2009, 7:59 AM
> I disagree! To do the ad as it is in
> the book would have cost me over $1000. 
> Not worth it! Do the best you can depending on the cost.
> Some people in our 
> area have done that and been really disappointed at the
> results.
> It seems as if the latest advice from Bill is to use Craigs
> list for free - 
> if you haven't been seeing the recent emails about that,
> please check back 
> in the forum.
> Rosemarie
> 
> ----- Original Message ----- 
> From: "Sam Cox" <hhsamcox at yahoo.com>
> To: "How To Sell Your Home in 5-Days" 
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Thursday, August 20, 2009 11:29 PM
> Subject: Re: [5-DayForum] Ad w/ Only 20 Characters?
> 
> 
> I say don't walk over dollars to pick up pennies! Spend the
> extra money to 
> work the program exactly like it is laid out if you want to
> get the highest 
> price for your property.
> 
> --- On Wed, 8/19/09, Larry Chase <larrychase at mchsi.com>
> wrote:
> 
> > From: Larry Chase <larrychase at mchsi.com>
> > Subject: [5-DayForum] Ad w/ Only 20 Characters?
> > To: 5-dayforum at howtosellyourhomein5days.com
> > Date: Wednesday, August 19, 2009, 6:22 PM
> > The newspapers in my area allow only
> > approximately 20 characters/
> > line. It's difficult to get some of the information
> > completely on
> > one line as shown in the examples from the book which
> are
> > based on 28
> > characters/line.
> >
> > I could purchase a 2 column ad at a higher price, yet
> would
> > prefer to
> > keep it at 1 column.
> >
> > What suggestions do you have for producing a good ad
> with
> > only 20
> > characters/line allowed?
> >
> > Best,
> > Larry
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> >
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 

From Janetislight at aol.com  Fri Aug 21 13:12:25 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Fri, 21 Aug 2009 13:12:25 EDT
Subject: [5-DayForum] Ad w/ Only 20 Characters? Something's fishy...
Message-ID: <d12.28808a86.37c02f79@aol.com>

I would go back into the archives and look at what has worked for  
everyone.  Print has not been king lately.  So, maybe you are  right.  If that is a 
cost you cannot afford, then don't do the print.   This process is supposed 
to ease your financial burdens not create them.
 
Janet
 
 
In a message dated 8/21/2009 12:04:42 P.M. Central Daylight Time,  
hhsamcox at yahoo.com writes:

Just  what paper are you considering advertising in at that rate? The 
Washington  Post ad costs less than $500 with the complete layout and few 
abbreviations. I  would be certain to place an ad on every web site I could if I 
didn't have one  in print. What medium will your three buyers come from? Are 
you certain the  print ad is not the one?

--- On Fri, 8/21/09, rosemarie-fred  <rosemarie-fred at mindspring.com> wrote:

> From: rosemarie-fred  <rosemarie-fred at mindspring.com>
> Subject: Re: [5-DayForum] Ad w/  Only 20 Characters?
> To: "How To Sell Your Home in 5-Days"  
<5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Friday,  August 21, 2009, 7:59 AM
> I disagree! To do the ad as it is in
>  the book would have cost me over $1000. 
> Not worth it! Do the best you  can depending on the cost.
> Some people in our 
> area have done  that and been really disappointed at the
> results.
> It seems as  if the latest advice from Bill is to use Craigs
> list for free -  
> if you haven't been seeing the recent emails about that,
>  please check back 
> in the forum.
> Rosemarie
> 
>  ----- Original Message ----- 
> From: "Sam Cox"  <hhsamcox at yahoo.com>
> To: "How To Sell Your Home in 5-Days"  
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent:  Thursday, August 20, 2009 11:29 PM
> Subject: Re: [5-DayForum] Ad w/  Only 20 Characters?
> 
> 
> I say don't walk over dollars to  pick up pennies! Spend the
> extra money to 
> work the program  exactly like it is laid out if you want to
> get the highest 
>  price for your property.
> 
> --- On Wed, 8/19/09, Larry Chase  <larrychase at mchsi.com>
> wrote:
> 
> > From: Larry  Chase <larrychase at mchsi.com>
> > Subject: [5-DayForum] Ad w/  Only 20 Characters?
> > To:  5-dayforum at howtosellyourhomein5days.com
> > Date: Wednesday, August  19, 2009, 6:22 PM
> > The newspapers in my area allow only
>  > approximately 20 characters/
> > line. It's difficult to get  some of the information
> > completely on
> > one line as  shown in the examples from the book which
> are
> > based on  28
> > characters/line.
> >
> > I could purchase a  2 column ad at a higher price, yet
> would
> > prefer  to
> > keep it at 1 column.
> >
> > What  suggestions do you have for producing a good ad
> with
> > only  20
> > characters/line allowed?
> >
> >  Best,
> > Larry
> >  _______________________________________________
> > 5-DayForum  mailing list
> >  5-DayForum at mailman.howtosellyourhomein5days.com
> >  
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>  >
> 
> _______________________________________________
>  5-DayForum mailing list
>  5-DayForum at mailman.howtosellyourhomein5days.com
>  
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>  
> 
> _______________________________________________
>  5-DayForum mailing list
>  5-DayForum at mailman.howtosellyourhomein5days.com
>  
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>  
_______________________________________________
5-DayForum mailing  list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


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From juliegorman at bellsouth.net  Fri Aug 21 13:14:15 2009
From: juliegorman at bellsouth.net (juliegorman)
Date: Fri, 21 Aug 2009 10:14:15 -0700 (PDT)
Subject: [5-DayForum] Ad w/ Only 20 Characters? Something's fishy...
In-Reply-To: <862923.32997.qm@web50504.mail.re2.yahoo.com>
References: <862923.32997.qm@web50504.mail.re2.yahoo.com>
Message-ID: <507387.37207.qm@web180506.mail.gq1.yahoo.com>

We advertised in 3 different papers. Did business card sized ads and would not scrimp one bit...this is the one chance you have to get people to your house! We sold our home in 5 days just like Bill said we would. We had over 335 phone calls, 46 initial bids, and sold our home. I was tempted to scrimp BUT did not...and had huge success.

Good luck.
Julie from Kentucky




________________________________
From: Sam Cox <hhsamcox at yahoo.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, August 21, 2009 1:03:40 PM
Subject: Re: [5-DayForum] Ad w/ Only 20 Characters? Something's fishy...

Just what paper are you considering advertising in at that rate? The Washington Post ad costs less than $500 with the complete layout and few abbreviations. I would be certain to place an ad on every web site I could if I didn't have one in print. What medium will your three buyers come from? Are you certain the print ad is not the one?

--- On Fri, 8/21/09, rosemarie-fred <rosemarie-fred at mindspring.com> wrote:

> From: rosemarie-fred <rosemarie-fred at mindspring.com>
> Subject: Re: [5-DayForum] Ad w/ Only 20 Characters?
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Friday, August 21, 2009, 7:59 AM
> I disagree! To do the ad as it is in
> the book would have cost me over $1000. 
> Not worth it! Do the best you can depending on the cost.
> Some people in our 
> area have done that and been really disappointed at the
> results.
> It seems as if the latest advice from Bill is to use Craigs
> list for free - 
> if you haven't been seeing the recent emails about that,
> please check back 
> in the forum.
> Rosemarie
> 
> ----- Original Message ----- 
> From: "Sam Cox" <hhsamcox at yahoo.com>
> To: "How To Sell Your Home in 5-Days" 
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Thursday, August 20, 2009 11:29 PM
> Subject: Re: [5-DayForum] Ad w/ Only 20 Characters?
> 
> 
> I say don't walk over dollars to pick up pennies! Spend the
> extra money to 
> work the program exactly like it is laid out if you want to
> get the highest 
> price for your property.
> 
> --- On Wed, 8/19/09, Larry Chase <larrychase at mchsi.com>
> wrote:
> 
> > From: Larry Chase <larrychase at mchsi.com>
> > Subject: [5-DayForum] Ad w/ Only 20 Characters?
> > To: 5-dayforum at howtosellyourhomein5days.com
> > Date: Wednesday, August 19, 2009, 6:22 PM
> > The newspapers in my area allow only
> > approximately 20 characters/
> > line. It's difficult to get some of the information
> > completely on
> > one line as shown in the examples from the book which
> are
> > based on 28
> > characters/line.
> >
> > I could purchase a 2 column ad at a higher price, yet
> would
> > prefer to
> > keep it at 1 column.
> >
> > What suggestions do you have for producing a good ad
> with
> > only 20
> > characters/line allowed?
> >
> > Best,
> > Larry
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> >
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From m.getches at comcast.net  Fri Aug 21 15:41:29 2009
From: m.getches at comcast.net (Matt Getches)
Date: Fri, 21 Aug 2009 13:41:29 -0600
Subject: [5-DayForum] Do I need to make my MLS listing "inactive?"
Message-ID: <000701ca2297$69f52500$3ddf6f00$@getches@comcast.net>

I am going to try a 5 day sale. The home is currently for sale and listed on
the MLS. Before I do the 5 day sale, do I need to remove my MLS listing
(which offers buyer's brokers 3%) or can I leave it active? If it will get
more people in the door, I am fine with paying the buyer's commission.

 

Matthew

Denver, Co

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From Janetislight at aol.com  Sat Aug 22 09:27:33 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Sat, 22 Aug 2009 09:27:33 EDT
Subject: [5-DayForum] Do I need to make my MLS listing "inactive?"
Message-ID: <be9.5a17b162.37c14c45@aol.com>

Matthew,
 
Your MLS listing isn't the same price that you are starting with in the  
5-day sale.  You just need to tweak it to show what you are doing in the  
description.  Do not change the price, as you will be obligated by it on  MLS.  
For me, it's easier not having that out there during the 5-day.   However, 
others on here have used it and hopefully can give you a more detailed  
answer.  Just wanted to make sure you received some feedback.
 
Janet
 
 
In a message dated 8/21/2009 3:00:40 P.M. Central Daylight Time,  
m.getches at comcast.net writes:

 
I am going to try a 5 day sale. The home is currently for  sale and listed 
on the MLS. Before I do the 5 day sale, do I need to remove my  MLS listing 
(which offers buyer?s brokers 3%) or can I leave it active? If it  will get 
more people in the door, I am fine with paying the buyer?s  commission. 
Matthew 
Denver,  Co


_______________________________________________
5-DayForum  mailing  list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


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From jcrafor at hotmail.com  Sat Aug 22 15:38:20 2009
From: jcrafor at hotmail.com (j crafor)
Date: Sat, 22 Aug 2009 19:38:20 +0000
Subject: [5-DayForum] getting closer to your hoped for price
In-Reply-To: <be9.5a17b162.37c14c45@aol.com>
References: <be9.5a17b162.37c14c45@aol.com>
Message-ID: <SNT116-W18E85B2A24829F64B1C660AEFB0@phx.gbl>


When my buyer, an older couple, couldn?t get a loan for the amount of their offer, someone suggested asking them what they had to trade, maybe a cabin in the woods, or?
I did ask her that day, and she said the only thing they had was some antiques. The way she said it, I heard ?old stuff? and she continued with  ?that nobody had the money for anymore?. I didn?t pursue it, I don?t know about antiques, and have no idea of value or sales. 
But he was right, I should have asked more questions, including what could you throw in to make your offer better?
I learned today his hobby is building guns, long guns, black powder guns. He has a couple of beauties on the wall of their den. I have no idea of the value, but when she was showing them to me, she said their kids want one for their husbands, but they can?t afford them. Now that, I might have taken several to get it up to the offer? Getting an idea from gun sites, these hand made replicas might be worth over $1000 each. 
And, it turns out, he operated a plumbing business here for about 20 years, doing all aspects of it. I could have gotten a contract for $xxxx of plumbing work as needed on MY houses. 
So, if your buyer doesn?t have cash enough, maybe he does have something else to add to the pot. Right now, I wish I had pursued it a bit more. 


Just something to consider when you are aat the end of your round robins, and still several thousand short of what you hope to get, and the bidder won't/can't go higher...

 

Thinking outside the box.

 

JCrafor 

_________________________________________________________________
With Windows Live, you can organize, edit, and share your photos.
http://www.windowslive.com/Desktop/PhotoGallery
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From Cetidwell1 at cs.com  Thu Aug 20 16:55:51 2009
From: Cetidwell1 at cs.com (Cetidwell1 at cs.com)
Date: Thu, 20 Aug 2009 16:55:51 EDT
Subject: [5-DayForum] Please remove me from your mailing list
Message-ID: <d68.4a16cb81.37bf1257@cs.com>


     Kindly remove me from your mailing list--thank-you!
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From Mgonz53 at cox.net  Sat Aug 22 20:02:39 2009
From: Mgonz53 at cox.net (Melanie Gonzales)
Date: Sat, 22 Aug 2009 19:02:39 -0500
Subject: [5-DayForum] Confirmation
Message-ID: <F45A4E84B11C473F8A53E53A38D4AD8F@D6W4Q821>

Please add me to the 5-Dayforum
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From alcolefl at gmail.com  Mon Aug 24 09:20:28 2009
From: alcolefl at gmail.com (ARLENE COLE)
Date: Mon, 24 Aug 2009 09:20:28 -0400
Subject: [5-DayForum] getting closer to your hoped for price
In-Reply-To: <SNT116-W18E85B2A24829F64B1C660AEFB0@phx.gbl>
References: <be9.5a17b162.37c14c45@aol.com>
	<SNT116-W18E85B2A24829F64B1C660AEFB0@phx.gbl>
Message-ID: <b238d0c70908240620o5422189tf9155c1a02189e34@mail.gmail.com>

I have not heard anyone mention the possibility of some owner financing to
help sweeten the pot.  There are some good folks out there that in this
economy simply cannot get a conventional loan.  Has anyone used owner
financing in the 5 day sale?  I have not listed yet, still digesting the
book & trying to gain insight from the forum.  Any comments would be greatly
appreciated.

Acole

On Sat, Aug 22, 2009 at 3:38 PM, j crafor <jcrafor at hotmail.com> wrote:

> When my buyer, an older couple, couldn?t get a loan for the amount of their
> offer, someone suggested asking them what they had to trade, maybe a cabin
> in the woods, or?
> I did ask her that day, and she said the only thing they had was some
> antiques. The way she said it, I heard ?old stuff? and she continued with
> ?that nobody had the money for anymore?. I didn?t pursue it, I don?t know
> about antiques, and have no idea of value or sales.
> But he was right, I should have asked more questions, including what could
> you throw in to make your offer better?
> I learned today his hobby is building guns, long guns, black powder guns.
> He has a couple of beauties on the wall of their den. I have no idea of the
> value, but when she was showing them to me, she said their kids want one for
> their husbands, but they can?t afford them. Now that, I might have taken
> several to get it up to the offer? Getting an idea from gun sites, these
> hand made replicas might be worth over $1000 each.
> And, it turns out, he operated a plumbing business here for about 20 years,
> doing all aspects of it. I could have gotten a contract for $xxxx of
> plumbing work as needed on MY houses.
> So, if your buyer doesn?t have cash enough, maybe he does have something
> else to add to the pot. Right now, I wish I had pursued it a bit more.
>
> Just something to consider when you are aat the end of your round robins,
> and still several thousand short of what you hope to get, and the bidder
> won't/can't go higher...
>
> Thinking outside the box.
>
> JCrafor
>
> ------------------------------
> With Windows Live, you can organize, edit, and share your photos. Click
> here. <http://www.windowslive.com/Desktop/PhotoGallery>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
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From Janetislight at aol.com  Mon Aug 24 17:06:31 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Mon, 24 Aug 2009 17:06:31 EDT
Subject: [5-DayForum] getting closer to your hoped for price
Message-ID: <d30.53a9544e.37c45ad7@aol.com>

Personally, my parents did full contracts twice, and had to foreclose both  
times.  The only reason I would do it is if the purchaser was just short on 
 the amount financed.  Then I would make it a balloon contract that  
hopefully they could roll into their original mortgage 3-5 years later.  It  also 
takes diligence in applying the payments to the principal and interest  
correctly based on the date you get the payment.  With consumer lending you  
need to write the contract based on 30 days in the month and 360 days in the  
year, and you need to apply the payment the date received.  You also need  to 
make certain disclosures.  An attorney could easily help you with  this.  
Just pointing out the cons of doing this type of transaction.   However, 
there are some very compelling pros, like selling your house!!!!
 
Janet
 
 
In a message dated 8/24/2009 2:03:29 P.M. Central Daylight Time,  
alcolefl at gmail.com writes:

I have not heard anyone mention the possibility of some owner financing  to 
help sweeten the pot.  There are some good folks out there that in  this 
economy simply cannot get a conventional loan.  Has anyone used  owner 
financing in the 5 day sale?  I have not listed yet, still  digesting the book & 
trying to gain insight from the forum.  Any  comments would be greatly 
appreciated.
 
Acole


On Sat, Aug 22, 2009 at 3:38 PM, j crafor <_jcrafor at hotmail.com_ 
(mailto:jcrafor at hotmail.com) >  wrote:

When my buyer, an older couple, couldn?t get a loan for the amount of  
their offer, someone suggested asking them what they had to trade, maybe a  
cabin in the woods, or?
I did ask her that day, and she said the only  thing they had was some 
antiques. The way she said it, I heard ?old stuff?  and she continued with  ?
that nobody had the money for anymore?. I  didn?t pursue it, I don?t know 
about antiques, and have no idea of value or  sales. 
But he was right, I should have asked more questions, including  what could 
you throw in to make your offer better?
I learned today his  hobby is building guns, long guns, black powder guns. 
He has a couple of  beauties on the wall of their den. I have no idea of the 
value, but when she  was showing them to me, she said their kids want one 
for their husbands, but  they can?t afford them. Now that, I might have taken 
several to get it up to  the offer? Getting an idea from gun sites, these 
hand made replicas might be  worth over $1000 each. 
And, it turns out, he operated a plumbing  business here for about 20 
years, doing all aspects of it. I could have  gotten a contract for $xxxx of 
plumbing work as needed on MY houses. 
So,  if your buyer doesn?t have cash enough, maybe he does have something 
else to  add to the pot. Right now, I wish I had pursued it a bit  more. 

Just something to consider when you are aat the end of  your round robins, 
and still several thousand short of what you hope to get,  and the bidder 
won't/can't go higher...

Thinking outside the  box.

JCrafor 

 
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From jcrafor at hotmail.com  Mon Aug 24 17:33:05 2009
From: jcrafor at hotmail.com (j crafor)
Date: Mon, 24 Aug 2009 21:33:05 +0000
Subject: [5-DayForum] getting closer to your hoped for price
In-Reply-To: <d30.53a9544e.37c45ad7@aol.com>
References: <d30.53a9544e.37c45ad7@aol.com>
Message-ID: <SNT116-W561EEE7E310B450B049520AEF90@phx.gbl>


My buyer is getting an FHA loan. they do not allow another mortgage at the sme time, so i could not do owner financing for that remainder. They came up  a little, and I went down a little--then found out about the guns and the plumbing business...

JCrafor
 


From: Janetislight at aol.com
Date: Mon, 24 Aug 2009 17:06:31 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] getting closer to your hoped for price


Personally, my parents did full contracts twice, and had to foreclose both times.  The only reason I would do it is if the purchaser was just short on the amount financed.  Then I would make it a balloon contract that hopefully they could roll into their original mortgage 3-5 years later.  It also takes diligence in applying the payments to the principal and interest correctly based on the date you get the payment.  With consumer lending you need to write the contract based on 30 days in the month and 360 days in the year, and you need to apply the payment the date received.  You also need to make certain disclosures.  An attorney could easily help you with this.  Just pointing out the cons of doing this type of transaction.  However, there are some very compelling pros, like selling your house!!!!
 
Janet
 

In a message dated 8/24/2009 2:03:29 P.M. Central Daylight Time, alcolefl at gmail.com writes:

I have not heard anyone mention the possibility of some owner financing to help sweeten the pot.  There are some good folks out there that in this economy simply cannot get a conventional loan.  Has anyone used owner financing in the 5 day sale?  I have not listed yet, still digesting the book & trying to gain insight from the forum.  Any comments would be greatly appreciated.
 
Acole


On Sat, Aug 22, 2009 at 3:38 PM, j crafor <jcrafor at hotmail.com> wrote:


When my buyer, an older couple, couldn?t get a loan for the amount of their offer, someone suggested asking them what they had to trade, maybe a cabin in the woods, or?
I did ask her that day, and she said the only thing they had was some antiques. The way she said it, I heard ?old stuff? and she continued with  ?that nobody had the money for anymore?. I didn?t pursue it, I don?t know about antiques, and have no idea of value or sales. 
But he was right, I should have asked more questions, including what could you throw in to make your offer better?
I learned today his hobby is building guns, long guns, black powder guns. He has a couple of beauties on the wall of their den. I have no idea of the value, but when she was showing them to me, she said their kids want one for their husbands, but they can?t afford them. Now that, I might have taken several to get it up to the offer? Getting an idea from gun sites, these hand made replicas might be worth over $1000 each. 
And, it turns out, he operated a plumbing business here for about 20 years, doing all aspects of it. I could have gotten a contract for $xxxx of plumbing work as needed on MY houses. 
So, if your buyer doesn?t have cash enough, maybe he does have something else to add to the pot. Right now, I wish I had pursued it a bit more. 

Just something to consider when you are aat the end of your round robins, and still several thousand short of what you hope to get, and the bidder won't/can't go higher...
 
Thinking outside the box.
 
JCrafor 



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_________________________________________________________________
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From tamrickkleine at gmail.com  Mon Aug 24 17:18:16 2009
From: tamrickkleine at gmail.com (Rick and Tammy Kleine)
Date: Mon, 24 Aug 2009 16:18:16 -0500
Subject: [5-DayForum] Thanks, but need removing
Message-ID: <173083ac0908241418w2e104d62mbe27c7eff92b54ff@mail.gmail.com>

We read the book and enjoyed absorbing the ideas.  Having the forum was very
helpful, because we could digest different ideas being thrown around.

After 1 1/2 years of our house sitting on the market, we used many of the
ideas from Bill's book, had the confidence that we could do this ourselves,
and a realistic view of what the market would handle right now.  We have
sold our house, and thank the Lord for Bill's forum and ideas.... and God's
provision.

We do need to be removed from the forum now though.

-- 
Tammy
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From onefunone2205 at hotmail.com  Mon Aug 24 23:52:36 2009
From: onefunone2205 at hotmail.com (K C)
Date: Mon, 24 Aug 2009 23:52:36 -0400
Subject: [5-DayForum] final questions- round robin + near final advance of
 less than $500.00 + answers to last minute issue?
In-Reply-To: <be9.5a17b162.37c14c45@aol.com>
References: <be9.5a17b162.37c14c45@aol.com>
Message-ID: <SNT111-W5858D21D9A19C778028553B7F80@phx.gbl>


ok-ok -- 

now that I'm getting last minute jitters,. thinking ahead.. I got a couple quick, yet seemingly critically important questions..

Background: I understand that we are trying to get rid of the "tire kickers" in the first round of round robin as the primary objective, yet came up with the following question:

1. In the round Robin do I want to relinquish to the subsequent bidders any prior names (first and or last?) and amounts as I go down the list? How about subsequent and final round robin passes? In other words,. your book almost implies that the buyers have some way of keeping up with the bid amounts... or is otherwise documented by them -- or is this question just running too deep and I should just go to bed and forget about it??

2. What if within the last ten minutes after the high bidder is determined that I get someone who calls back and wants to not increment the top bidder by say only $200.00 due to (whatever reason - not pre-approved for more a penny more, but really expresses a strong interest in the subject property? - not that I need to make excuses for any buyer - lol) The problem that I see with this is that it is breaking the rules (not to mention the obvious - "buyers are liars?") and more so what happens if this party falls out of the buying after being dubbed the high bidder? - Surely If I were now the second highest bidder at taht then time being beat by only $200.00,. I'd be pretty resentful, angry and more..
Questions: How do I handle this bidder (now seemingly first in the top three buyers?)- what do I tell them? Further and more important -- How do I approach the then second highest bidder?? wOw!?!?!??

3. Background: what if I run into a problem which is similar, but not limited to the above questions to which I do not have the answer to and cannot find the answer in the book? (I mean.,. I can use logic to the best of my ability, but it seems it's very reasonable to say these are good questions... and I'm always looking for a way to kill something,. otherwise it lives...
Question: Are you guys looking at this blog on Sunday nights between 8-10 PM (namely this upcoming weekend?)??

4. Should I call back other lookers who did not bite at my full asking price? if so should I count them? What about those who came back versus thos who never inquired once they heard the price? (PS - for what';s out there in this area -- it's smokling hot new and value packed

PS> My Status is:? Craigslist post tomorrow night.,. Newspaper ad to be released Wed- Sun, Inspection this Sat & Sun,. with Round RObin Sunday Night at 8 PM.contract on Monday.

PSS> Background: I just received an email today from my zillow alert with a fact that property values have INCREASED in this neighborhood over the last month (information as of June 30th, 2009).
Questions: Do I have this printed medai avaiable and hand out to all buyers? Do I leave it on the table and not include it unless the inspecting party asks?  

Please respond as soon as possible. I hopes this makes sense I'm beat and calling it a day!

Thanks!
Ck


_________________________________________________________________
Get back to school stuff for them and cashback for you.
http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackToSchool_Cashback_BTSCashback_1x1
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From barrettai at aol.com  Tue Aug 25 09:15:10 2009
From: barrettai at aol.com (barrettai at aol.com)
Date: Tue, 25 Aug 2009 09:15:10 -0400
Subject: [5-DayForum] getting closer to your hoped for price
In-Reply-To: <b238d0c70908240620o5422189tf9155c1a02189e34@mail.gmail.com>
References: <be9.5a17b162.37c14c45@aol.com><SNT116-W18E85B2A24829F64B1C660AEFB0@phx.gbl>
	<b238d0c70908240620o5422189tf9155c1a02189e34@mail.gmail.com>
Message-ID: <8CBF39D3548B75E-A2C-2AEC4@webmail-m035.sysops.aol.com>


Acole:



Owner financing would sweeten the pie.? However, unless your "money-purchase" mortgage is a first, you could risk the amount you finance if they should go into default.



Good luck!



Kyle Cascioli

www.AuctionBySeller.com 


-----Original Message-----
From: ARLENE COLE <alcolefl at gmail.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Mon, Aug 24, 2009 8:20 am
Subject: Re: [5-DayForum] getting closer to your hoped for price




I have not heard anyone mention the possibility of some owner financing to help sweeten the pot.? There are some good folks out there that in this economy simply cannot get a conventional loan.? Has anyone used owner financing in the 5 day sale?? I have not listed yet, still digesting the book & trying to gain insight from the forum.? Any comments would be greatly appreciated.

?

Acole



On Sat, Aug 22, 2009 at 3:38 PM, j crafor <jcrafor at hotmail.com> wrote:


When my buyer, an older couple, couldn?t get a loan for the amount of their offer, someone suggested asking them what they had to trade, maybe a cabin in the woods, or?
I did ask her that day, and she said the only thing they had was some antiques. The way she said it, I heard ?old stuff? and she continued with? ?that nobody had the money for anymore?. I didn?t pursue it, I don?t know about antiques, and have no idea of value or sales. 
But he was right, I sho
uld have asked more questions, including what could you throw in to make your offer better?
I learned today his hobby is building guns, long guns, black powder guns. He has a couple of beauties on the wall of their den. I have no idea of the value, but when she was showing them to me, she said their kids want one for their husbands, but they can?t afford them. Now that, I might have taken several to get it up to the offer? Getting an idea from gun sites, these hand made replicas might be worth over $1000 each. 
And, it turns out, he operated a plumbing business here for about 20 years, doing all aspects of it. I could have gotten a contract for $xxxx of plumbing work as needed on MY houses. 
So, if your buyer doesn?t have cash enough, maybe he does have something else to add to the pot. Right now, I wish I had pursued it a bit more.?

Just something to consider when you are aat the end of your round robins, and still several thousand short of what you hope to get, and the bidder won't/can't go higher...
?
Thinking outside the box.
?
JCrafor?

With Windows Live, you can organize, edit, and share your photos. Click here.

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From rosemarie-fred at mindspring.com  Tue Aug 25 10:13:43 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Tue, 25 Aug 2009 10:13:43 -0400
Subject: [5-DayForum] final questions- round robin + near final advance
	of less than $500.00 + answers to last minute issue?
References: <be9.5a17b162.37c14c45@aol.com>
	<SNT111-W5858D21D9A19C778028553B7F80@phx.gbl>
Message-ID: <ABCFB90E18C34643B3223712B4B56ECA@rosemarifv6onv>

K.C. -
You are full of complicated "what-ifs!" Impossible to get into that when it's hypothetical.
Just FYI - the night of my first sale, the round robin was still going on at 11pm. I was exhausted; all day I was showing people around and being pleasant. The last lookers (actually turned out to be the buyers) did not leave until after 7. So you can imagine I was too tired to carry on. I called back the few who were increasing by $500 at each call and told them we would have to continue the next evening. That was fine with them, and gave me a chance to rest, think, etc.
I would never reveal another bidders info - why would you? Your call simply states: "The bidding is at $XXXXX. Do you want to advance the bidding?" Actually, I think I just said the number after a few calls.
My advice to you is to simplify. From your email I would guess that you probably say too much. Let your buyers talk more than you. Your mind is jumping around with trying to keep all the possibilities in line, and it's like trying to organize a flea circus - sometimes the little devils won't stay in line! 
So. Relax. You have the information you need. Take a few deep breaths. Go with the flow. Do what you think is best - the 5-day police are not watching! 
Good luck!
Rosemarie
  ----- Original Message ----- 
  From: K C 
  To: 5-dayforum at mailman.howtosellyourhomein5days.com 
  Sent: Monday, August 24, 2009 11:52 PM
  Subject: [5-DayForum] final questions- round robin + near final advance of less than $500.00 + answers to last minute issue?


  ok-ok -- 

  now that I'm getting last minute jitters,. thinking ahead.. I got a couple quick, yet seemingly critically important questions..

  Background: I understand that we are trying to get rid of the "tire kickers" in the first round of round robin as the primary objective, yet came up with the following question:

  1. In the round Robin do I want to relinquish to the subsequent bidders any prior names (first and or last?) and amounts as I go down the list? How about subsequent and final round robin passes? In other words,. your book almost implies that the buyers have some way of keeping up with the bid amounts... or is otherwise documented by them -- or is this question just running too deep and I should just go to bed and forget about it??

  2. What if within the last ten minutes after the high bidder is determined that I get someone who calls back and wants to not increment the top bidder by say only $200.00 due to (whatever reason - not pre-approved for more a penny more, but really expresses a strong interest in the subject property? - not that I need to make excuses for any buyer - lol) The problem that I see with this is that it is breaking the rules (not to mention the obvious - "buyers are liars?") and more so what happens if this party falls out of the buying after being dubbed the high bidder? - Surely If I were now the second highest bidder at taht then time being beat by only $200.00,. I'd be pretty resentful, angry and more..
  Questions: How do I handle this bidder (now seemingly first in the top three buyers?)- what do I tell them? Further and more important -- How do I approach the then second highest bidder?? wOw!?!?!??

  3. Background: what if I run into a problem which is similar, but not limited to the above questions to which I do not have the answer to and cannot find the answer in the book? (I mean.,. I can use logic to the best of my ability, but it seems it's very reasonable to say these are good questions... and I'm always looking for a way to kill something,. otherwise it lives...
  Question: Are you guys looking at this blog on Sunday nights between 8-10 PM (namely this upcoming weekend?)??

  4. Should I call back other lookers who did not bite at my full asking price? if so should I count them? What about those who came back versus thos who never inquired once they heard the price? (PS - for what';s out there in this area -- it's smokling hot new and value packed

  PS> My Status is:? Craigslist post tomorrow night.,. Newspaper ad to be released Wed- Sun, Inspection this Sat & Sun,. with Round RObin Sunday Night at 8 PM.contract on Monday.

  PSS> Background: I just received an email today from my zillow alert with a fact that property values have INCREASED in this neighborhood over the last month (information as of June 30th, 2009).
  Questions: Do I have this printed medai avaiable and hand out to all buyers? Do I leave it on the table and not include it unless the inspecting party asks?  

  Please respond as soon as possible. I hopes this makes sense I'm beat and calling it a day!

  Thanks!
  Ck



------------------------------------------------------------------------------
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From Janetislight at aol.com  Tue Aug 25 11:21:34 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Tue, 25 Aug 2009 11:21:34 EDT
Subject: [5-DayForum] final questions- round robin + near final advance
	of less th...
Message-ID: <d11.56f0b896.37c55b7e@aol.com>

Also, there are people who do monitor on Sunday nights.  So, you can  
probably get some answers or advise during the round robin.
 
I agree with the below advice.  Simplify, Simplify, Simplify.
 
Janet
 
 
In a message dated 8/25/2009 9:23:36 A.M. Central Daylight Time,  
rosemarie-fred at mindspring.com writes:

K.C. -
You are full of complicated "what-ifs!"  Impossible to get into that when 
it's hypothetical.
Just FYI - the night of my first sale,  the round robin was still going on 
at 11pm. I was exhausted; all day I was  showing people around and being 
pleasant. The last lookers (actually turned  out to be the buyers) did not 
leave until after 7. So you can  imagine I was too tired to carry on. I called 
back the few who were increasing  by $500 at each call and told them we would 
have to continue the next  evening. That was fine with them, and gave me a 
chance to rest, think,  etc.
I would never reveal another  bidders info - why would you? Your call 
simply states: "The bidding is at  $XXXXX. Do you want to advance the bidding?" 
Actually, I think I just  said the number after a few calls.
My advice to you is to  simplify. From your email I would guess that you 
probably say too much.  Let your buyers talk more than you. Your mind is 
jumping around with trying to  keep all the possibilities in line, and it's like 
trying to organize a flea  circus - sometimes the little devils won't stay 
in line! 
So. Relax. You have the information you  need. Take a few deep breaths. Go 
with the flow. Do what you think is  best - the 5-day police are not 
watching! 
Good luck!
Rosemarie

----- Original Message ----- 
From:  _K C_ (mailto:onefunone2205 at hotmail.com)  
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com)   
Sent: Monday, August 24, 2009 11:52  PM
Subject: [5-DayForum] final questions-  round robin + near final advance of 
less than $500.00 + answers to last  minute issue?


ok-ok -- 

now that I'm getting  last minute jitters,. thinking ahead.. I got a couple 
quick, yet seemingly  critically important questions..

Background: I understand that we are  trying to get rid of the "tire 
kickers" in the first round of round robin as  the primary objective, yet came up 
with the following question:

1. In  the round Robin do I want to relinquish to the subsequent bidders 
any prior  names (first and or last?) and amounts as I go down the list? How 
about  subsequent and final round robin passes? In other words,. your book  
almost implies that the buyers have some way of keeping up with the  bid 
amounts... or is otherwise documented by them -- or is this question  just 
running too deep and I should just go to bed and forget about  it??

2. What if within the last ten minutes after the high bidder is  determined 
that I get someone who calls back and wants to not increment the  top 
bidder by say only $200.00 due to (whatever reason - not pre-approved  for more a 
penny more, but really expresses a strong interest in the subject  
property? - not that I need to make excuses for any buyer - lol) The problem  that I 
see with this is that it is breaking the rules (not to mention the  obvious 
- "buyers are liars?") and more so what happens if this party falls  out of 
the buying after being dubbed the high bidder? - Surely If I were now  the 
second highest bidder at taht then time being beat by only $200.00,. I'd  be 
pretty resentful, angry and more..
Questions: How do I handle this  bidder (now seemingly first in the top 
three buyers?)- what do I tell them?  Further and more important -- How do I 
approach the then second highest  bidder?? wOw!?!?!??

3. Background: what if I run into a problem which  is similar, but not 
limited to the above questions to which I do not have  the answer to and cannot 
find the answer in the book? (I mean.,. I can use  logic to the best of my 
ability, but it seems it's very reasonable to say  these are good 
questions... and I'm always looking for a way to kill  something,. otherwise it lives...
Question: Are you guys looking at this  blog on Sunday nights between 8-10 
PM (namely this upcoming  weekend?)??

4. Should I call back other lookers who did not bite at  my full asking 
price? if so should I count them? What about those who came  back versus thos 
who never inquired once they heard the price? (PS - for  what';s out there in 
this area -- it's smokling hot new and value  packed

PS> My Status is:? Craigslist post tomorrow night.,.  Newspaper ad to be 
released Wed- Sun, Inspection this Sat & Sun,. with  Round RObin Sunday Night 
at 8 PM.contract on Monday.

PSS>  Background: I just received an email today from my zillow alert with 
a fact  that property values have INCREASED in this neighborhood over the 
last month  (information as of June 30th, 2009).
Questions: Do I have this printed  medai avaiable and hand out to all 
buyers? Do I leave it on the table and  not include it unless the inspecting 
party asks?  

Please  respond as soon as possible. I hopes this makes sense I'm beat and 
calling  it a day!

Thanks!
Ck


 
____________________________________
Get back to school stuff for them and cashback for you. _Try BingT now._ 
(http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackToS
chool_Cashback_BTSCashback_1x1)   
 
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From jcrafor at hotmail.com  Tue Aug 25 13:36:38 2009
From: jcrafor at hotmail.com (j crafor)
Date: Tue, 25 Aug 2009 17:36:38 +0000
Subject: [5-DayForum] getting closer to your hoped for price
In-Reply-To: <8CBF39D3548B75E-A2C-2AEC4@webmail-m035.sysops.aol.com>
References: <be9.5a17b162.37c14c45@aol.com><SNT116-W18E85B2A24829F64B1C660AEFB0@phx.gbl>
	<b238d0c70908240620o5422189tf9155c1a02189e34@mail.gmail.com> 
	<8CBF39D3548B75E-A2C-2AEC4@webmail-m035.sysops.aol.com>
Message-ID: <SNT116-W15627FB25B855918A3F538AEF80@phx.gbl>


My original post about getting closer to your price goal was for the BUYER to sweeten the pot by adding something more if he couldn't get a loan for the full amount. 

 

What does HE have to add that you want or can rent or sell? Maybe a cabin someplace in the boonies? A boat? A plane? Valuable paintings or other antiques? Jewelry?

I wouldn't be interested in a boat or a plane, unless I knew I could turn them over quickly, but those hand crafted guns, that I can have assessed and hang on my wall till I need some money, and can sell for a grand or two apiece quickly, or, since I am still living in the same town, his livelihood for the last 40-50 years has been plumbing and HVAC. A $10,000 contract with him for an amount of labor on MY systems would have worked, and gotten me to my desired price.

 

For the SELLER  to do owner financing in this financial climate I think, would be dangerous. In fact, I've gotten so  many calls asking to do owner financing, and me saying no, I just started adding that maybe they can qualify for private lender money, but that I have no idea how to find a private lender: maybe to google it...

They hang up. 

I don't have the expertise to do owner financing, and if they don't want to go to the guys with the money, I'm not going to risk MY assets for them.

 

JCrafor


 


To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 25 Aug 2009 09:15:10 -0400
From: barrettai at aol.com
Subject: Re: [5-DayForum] getting closer to your hoped for price


Acole:
 
Owner financing would sweeten the pie.  However, unless your "money-purchase" mortgage is a first, you could risk the amount you finance if they should go into default.
 
Good luck!
 
Kyle Cascioli
www.AuctionBySeller.com 


-----Original Message-----
From: ARLENE COLE <alcolefl at gmail.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Mon, Aug 24, 2009 8:20 am
Subject: Re: [5-DayForum] getting closer to your hoped for price



I have not heard anyone mention the possibility of some owner financing to help sweeten the pot.  There are some good folks out there that in this economy simply cannot get a conventional loan.  Has anyone used owner financing in the 5 day sale?  I have not listed yet, still digesting the book & trying to gain insight from the forum.  Any comments would be greatly appreciated.
 
Acole


On Sat, Aug 22, 2009 at 3:38 PM, j crafor <jcrafor at hotmail.com> wrote:


When my buyer, an older couple, couldn?t get a l oan for the amount of their offer, someone suggested asking them what they had to trade, maybe a cabin in the woods, or?
I did ask her that day, and she said the only thing they had was some antiques. The way she said it, I heard ?old stuff? and she continued with  ?that nobody had the money for anymore?. I didn?t pursue it, I don?t know about antiques, and have no idea of value or sales. 
But he was right, I should have asked more questions, including what could you throw in to make your offer better?
I learned today his hobby is building guns, long guns, black powder guns. He has a couple of beauties on the wall of their den. I have no idea of the value, but when she was showing them to me, she said their kids want one for their husbands, but they can?t afford them. Now that, I might have taken several to get it up to the offer? Getting an idea from gun sites, these hand made replicas might be worth over $1000 each. 
And, it turns out, he operated a plumbing business here for about 20 years, doing all aspects of it. I could have gotten a contract for $xxxx of plumbing work as needed on MY houses. 
So, if your buyer doesn?t have cash enough, maybe he does have something else to add to the pot. Right now, I wish I had pursued it a bit more. 

Just something to consider when you are aat the end of your round robins, and still several thousand short of what you h ope to get, and the bidder won't/can't go higher...
 
Thinking outside the box.
 
JCrafor 



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From jcrafor at hotmail.com  Tue Aug 25 16:29:04 2009
From: jcrafor at hotmail.com (j crafor)
Date: Tue, 25 Aug 2009 20:29:04 +0000
Subject: [5-DayForum] final questions- round robin + near final
	advance	of less th...
In-Reply-To: <d11.56f0b896.37c55b7e@aol.com>
References: <d11.56f0b896.37c55b7e@aol.com>
Message-ID: <SNT116-W543E470FE7A6D852326183AEF80@phx.gbl>


"the 5-day police are not watching!"

 

 

 

 

 

ooooOOOOOOoooooyesweare!

 

 

 

 

 

 

 

 

 

LOL!

 

 

 

 

 

 

JCrafor

 

 


From: Janetislight at aol.com
Date: Tue, 25 Aug 2009 11:21:34 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] final questions- round robin + near final advance of less th...


Also, there are people who do monitor on Sunday nights.  So, you can probably get some answers or advise during the round robin.
 
I agree with the below advice.  Simplify, Simplify, Simplify.
 
Janet
 

In a message dated 8/25/2009 9:23:36 A.M. Central Daylight Time, rosemarie-fred at mindspring.com writes:

K.C. -
You are full of complicated "what-ifs!" Impossible to get into that when it's hypothetical.
Just FYI - the night of my first sale, the round robin was still going on at 11pm. I was exhausted; all day I was showing people around and being pleasant. The last lookers (actually turned out to be the buyers) did not leave until after 7. So you can imagine I was too tired to carry on. I called back the few who were increasing by $500 at each call and told them we would have to continue the next evening. That was fine with them, and gave me a chance to rest, think, etc.
I would never reveal another bidders info - why would you? Your call simply states: "The bidding is at $XXXXX. Do you want to advance the bidding?" Actually, I think I just said the number after a few calls.
My advice to you is to simplify. From your email I would guess that you probably say too much. Let your buyers talk more than you. Your mind is jumping around with trying to keep all the possibilities in line, and it's like trying to organize a flea circus - sometimes the little devils won't stay in line! 
So. Relax. You have the information you need. Take a few deep breaths. Go with the flow. Do what you think is best - the 5-day police are not watching! 
Good luck!
Rosemarie

----- Original Message ----- 
From: K C 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Monday, August 24, 2009 11:52 PM
Subject: [5-DayForum] final questions- round robin + near final advance of less than $500.00 + answers to last minute issue?

ok-ok -- 

now that I'm getting last minute jitters,. thinking ahead.. I got a couple quick, yet seemingly critically important questions..

Background: I understand that we are trying to get rid of the "tire kickers" in the first round of round robin as the primary objective, yet came up with the following question:

1. In the round Robin do I want to relinquish to the subsequent bidders any prior names (first and or last?) and amounts as I go down the list? How about subsequent and final round robin passes? In other words,. your book almost implies that the buyers have some way of keeping up with the bid amounts... or is otherwise documented by them -- or is this question just running too deep and I should just go to bed and forget about it??

2. What if within the last ten minutes after the high bidder is determined that I get someone who calls back and wants to not increment the top bidder by say only $200.00 due to (whatever reason - not pre-approved for more a penny more, but really expresses a strong interest in the subject property? - not that I need to make excuses for any buyer - lol) The problem that I see with this is that it is breaking the rules (not to mention the obvious - "buyers are liars?") and more so what happens if this party falls out of the buying after being dubbed the high bidder? - Surely If I were now the second highest bidder at taht then time being beat by only $200.00,. I'd be pretty resentful, angry and more..
Questions: How do I handle this bidder (now seemingly first in the top three buyers?)- what do I tell them? Further and more important -- How do I approach the then second highest bidder?? wOw!?!?!??

3. Background: what if I run into a problem which is similar, but not limited to the above questions to which I do not have the answer to and cannot find the answer in the book? (I mean.,. I can use logic to the best of my ability, but it seems it's very reasonable to say these are good questions... and I'm always looking for a way to kill something,. otherwise it lives...
Question: Are you guys looking at this blog on Sunday nights between 8-10 PM (namely this upcoming weekend?)??

4. Should I call back other lookers who did not bite at my full asking price? if so should I count them? What about those who came back versus thos who never inquired once they heard the price? (PS - for what';s out there in this area -- it's smokling hot new and value packed

PS> My Status is:? Craigslist post tomorrow night.,. Newspaper ad to be released Wed- Sun, Inspection this Sat & Sun,. with Round RObin Sunday Night at 8 PM.contract on Monday.

PSS> Background: I just received an email today from my zillow alert with a fact that property values have INCREASED in this neighborhood over the last month (information as of June 30th, 2009).
Questions: Do I have this printed medai avaiable and hand out to all buyers? Do I leave it on the table and not include it unless the inspecting party asks?  

Please respond as soon as possible. I hopes this makes sense I'm beat and calling it a day!

Thanks!
Ck




Get back to school stuff for them and cashback for you. Try BingT now. 




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From hhsamcox at yahoo.com  Tue Aug 25 16:34:39 2009
From: hhsamcox at yahoo.com (Sam Cox)
Date: Tue, 25 Aug 2009 13:34:39 -0700 (PDT)
Subject: [5-DayForum] getting closer to your hoped for price
In-Reply-To: <SNT116-W15627FB25B855918A3F538AEF80@phx.gbl>
Message-ID: <333031.19390.qm@web50501.mail.re2.yahoo.com>

I'm having trouble seeing the risk since all you need to do after a default is to foreclose on the loan, take your house back with all previous profits and then put it on the market again for a higher(?) price. Just what risk is there unless they total the place when you foreclose?

Sam

--- On Tue, 8/25/09, j crafor <jcrafor at hotmail.com> wrote:

> From: j crafor <jcrafor at hotmail.com>
> Subject: Re: [5-DayForum] getting closer to your hoped for price
> To: "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Tuesday, August 25, 2009, 1:36 PM
> 
> 
> 
> #yiv1191955176 .hmmessage P
> {
> margin:0px;padding:0px;}
> #yiv1191955176 {
> font-size:10pt;font-family:Verdana;}
> 
> 
>  
> My original post about getting closer to your price
> goal?was for the BUYER to sweeten the pot by
> adding something more if he couldn't get?a loan for
> the full amount. 
> 
> ?
> 
> What does?HE have to?add that you want or can
> rent or sell? Maybe a cabin someplace in the boonies? A
> boat? A plane? Valuable paintings or other antiques?
> Jewelry?
> 
> I wouldn't be interested in?a boat or a plane,
> unless I knew I could turn them over quickly, but those hand
> crafted guns, that I can?have assessed and hang on my
> wall till I need some money, and can sell for a grand or two
> apiece quickly, or, since I am still living in the same
> town, his livelihood for the last 40-50 years has been
> plumbing and HVAC. A $10,000 contract with him for?an
> amount of labor on MY systems would have worked, and gotten
> me to my desired price.
> 
> ?
> 
> For the SELLER? to do owner financing in this
> financial climate I think, would be dangerous. In fact,
> I've gotten so? many calls asking to do owner
> financing, and me saying no, I just started adding that
> maybe they can qualify for private lender money, but that I
> have no idea how to find a private lender: maybe to google
> it...
> 
> They hang up.?
> 
> I don't have the expertise to do owner financing, and
> if they don't want to go to the guys with the money,
> I'm not going to risk MY assets for them.
> 
> ?
> 
> JCrafor
> 
> 
> ?
> 
> 
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tue, 25 Aug 2009 09:15:10 -0400
> From: barrettai at aol.com
> Subject: Re: [5-DayForum] getting closer to your hoped for
> price
> 
> 
> Acole:
> ?
> Owner financing would sweeten the pie.? However,
> unless your "money-purchase" mortgage is a first,
> you could risk the amount you finance if they should go into
> default.
> ?
> Good luck!
> ?
> Kyle Cascioli
> www.AuctionBySeller.com
> 
> 
> 
> -----Original Message-----
> From: ARLENE COLE <alcolefl at gmail.com>
> To: How To Sell Your Home in 5-Days
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Mon, Aug 24, 2009 8:20 am
> Subject: Re: [5-DayForum] getting closer to your hoped for
> price
> 
> 
> 
> I have not heard anyone mention the possibility of
> some owner financing to help sweeten the pot.? There
> are some good folks out there that in this economy simply
> cannot get a conventional loan.? Has anyone used owner
> financing in the 5 day sale?? I have not listed yet,
> still digesting the book & trying to gain insight from
> the forum.? Any comments would be greatly
> appreciated.
> ?
> Acole
> 
> 
> On Sat, Aug 22, 2009 at 3:38
> PM, j crafor <jcrafor at hotmail.com>
> wrote:
> 
> 
> When my buyer, an older couple, couldn?t get a l oan
> for the amount of their offer, someone suggested asking them
> what they had to trade, maybe a cabin in the woods, or?
> I did ask her that day, and she said the only thing they
> had was some antiques. The way she said it, I heard ?old
> stuff? and she continued with? ?that nobody had the
> money for anymore?. I didn?t pursue it, I don?t know
> about antiques, and have no idea of value or sales. 
> But he was right, I should have asked more questions,
> including what could you throw in to make your offer
> better?
> I learned today his hobby is building guns, long guns,
> black powder guns. He has a couple of beauties on the wall
> of their den. I have no idea of the value, but when she was
> showing them to me, she said their kids want one for their
> husbands, but they can?t afford them. Now that, I might
> have taken several to get it up to the offer? Getting an
> idea from gun sites, these hand made replicas might be worth
> over $1000 each. 
> And, it turns out, he operated a plumbing business here for
> about 20 years, doing all aspects of it. I could have gotten
> a contract for $xxxx of plumbing work as needed on MY
> houses. 
> So, if your buyer doesn?t have cash enough, maybe he does
> have something else to add to the pot. Right now, I wish I
> had pursued it a bit more.?
> 
> Just something to consider when you are aat the end of your
> round robins, and still several thousand short of what you h
> ope to get, and the bidder won't/can't go higher...
> ?
> Thinking outside the box.
> ?
> JCrafor?
> 
> 
> 
> With Windows Live, you can organize, edit, and share your
> photos. Click
> here.
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
> 
> Hotmail? is up
> to 70% faster. Now good news travels really fast.  Try
> it now. 
> 
> -----Inline Attachment Follows-----
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 


From Janetislight at aol.com  Tue Aug 25 16:36:33 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Tue, 25 Aug 2009 16:36:33 EDT
Subject: [5-DayForum] final questions- round robin + near final advance
	of less th...
Message-ID: <be8.59803ef9.37c5a551@aol.com>

Goof!
 
 
In a message dated 8/25/2009 3:32:13 P.M. Central Daylight Time,  
jcrafor at hotmail.com writes:

"the 5-day police are not watching!"





ooooOOOOOOoooooyesweare!









LOL!






JCrafor



 
____________________________________
From: Janetislight at aol.com
Date: Tue, 25 Aug 2009 11:21:34 -0400
To:  5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum]  final questions- round robin + near final 
advance of less th...

Also, there are people who do monitor on Sunday nights.  So, you can  
probably get some answers or advise during the round robin.
 
I agree with the below advice.  Simplify, Simplify, Simplify.
 
Janet
 
 
In a message dated 8/25/2009 9:23:36 A.M. Central Daylight Time,  
rosemarie-fred at mindspring.com writes:

K.C. -
You are full of complicated  "what-ifs!" Impossible to get into that when 
it's hypothetical.
Just FYI - the night of my first sale,  the round robin was still going on 
at 11pm. I was exhausted; all day I was  showing people around and being 
pleasant. The last lookers (actually turned  out to be the buyers) did not 
leave until after 7. So you can  imagine I was too tired to carry on. I called 
back the few who were  increasing by $500 at each call and told them we would 
have to continue  the next evening. That was fine with them, and gave me a 
chance  to rest, think, etc.
I would never reveal another  bidders info - why would you? Your call 
simply states: "The bidding is at  $XXXXX. Do you want to advance the bidding?" 
Actually, I think I just  said the number after a few calls.
My advice to you is to  simplify. From your email I would guess that you 
probably say too much.  Let your buyers talk more than you. Your mind is 
jumping around with trying  to keep all the possibilities in line, and it's like 
trying to organize a  flea circus - sometimes the little devils won't stay 
in line! 
So. Relax. You have the information  you need. Take a few deep breaths. Go 
with the flow. Do what you think is  best - the 5-day police are not 
watching! 
Good luck!
Rosemarie

----- Original Message ----- 
From:  _K C_ (mailto:onefunone2205 at hotmail.com)  
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com)   
Sent: Monday, August 24, 2009 11:52  PM
Subject: [5-DayForum] final  questions- round robin + near final advance of 
less than $500.00 + answers  to last minute issue?


ok-ok -- 

now that I'm getting  last minute jitters,. thinking ahead.. I got a couple 
quick, yet seemingly  critically important questions..

Background: I understand that we  are trying to get rid of the "tire 
kickers" in the first round of round  robin as the primary objective, yet came up 
with the following  question:

1. In the round Robin do I want to relinquish to the  subsequent bidders 
any prior names (first and or last?) and amounts as I  go down the list? How 
about subsequent and final round robin passes? In  other words,. your book 
almost implies that the buyers have some  way of keeping up with the bid 
amounts... or is otherwise documented by  them -- or is this question just 
running too deep and I should just go to  bed and forget about it??

2. What if within the last ten minutes  after the high bidder is determined 
that I get someone who calls back and  wants to not increment the top 
bidder by say only $200.00 due to (whatever  reason - not pre-approved for more a 
penny more, but really expresses a  strong interest in the subject 
property? - not that I need to make excuses  for any buyer - lol) The problem that I 
see with this is that it is  breaking the rules (not to mention the obvious 
- "buyers are liars?") and  more so what happens if this party falls out of 
the buying after being  dubbed the high bidder? - Surely If I were now the 
second highest bidder  at taht then time being beat by only $200.00,. I'd be 
pretty resentful,  angry and more..
Questions: How do I handle this bidder (now seemingly  first in the top 
three buyers?)- what do I tell them? Further and more  important -- How do I 
approach the then second highest bidder??  wOw!?!?!??

3. Background: what if I run into a problem which is  similar, but not 
limited to the above questions to which I do not have the  answer to and cannot 
find the answer in the book? (I mean.,. I can use  logic to the best of my 
ability, but it seems it's very reasonable to say  these are good 
questions... and I'm always looking for a way to kill  something,. otherwise it lives...
Question: Are you guys looking at  this blog on Sunday nights between 8-10 
PM (namely this upcoming  weekend?)??

4. Should I call back other lookers who did not bite at  my full asking 
price? if so should I count them? What about those who came  back versus thos 
who never inquired once they heard the price? (PS - for  what';s out there in 
this area -- it's smokling hot new and value  packed

PS> My Status is:? Craigslist post tomorrow night.,.  Newspaper ad to be 
released Wed- Sun, Inspection this Sat & Sun,. with  Round RObin Sunday Night 
at 8 PM.contract on Monday.

PSS>  Background: I just received an email today from my zillow alert with 
a  fact that property values have INCREASED in this neighborhood over the  
last month (information as of June 30th, 2009).
Questions: Do I have  this printed medai avaiable and hand out to all 
buyers? Do I leave it on  the table and not include it unless the inspecting 
party asks?   

Please respond as soon as possible. I hopes this makes sense I'm  beat and 
calling it a day!

Thanks!
Ck


 
____________________________________
Get back to school stuff for them and cashback for you. _Try  BingT now._ 
(http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackTo
School_Cashback_BTSCashback_1x1)    
____________________________________
  

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____________________________________


 
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here._ (http://www.windowslive.com/Desktop/PhotoGallery)   =

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From Janetislight at aol.com  Tue Aug 25 16:40:27 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Tue, 25 Aug 2009 16:40:27 EDT
Subject: [5-DayForum] getting closer to your hoped for price
Message-ID: <c48.406a6962.37c5a63b@aol.com>

Sam,
 
I have bought many foreclosures.... they do trash the place for the MOST  
part.  People taking dumps on the carpets, busting holes in windows,  
punching holes in walls..... you name it, I've seen it.  Additionally, a  
foreclosure is an expensive endeavor and takes months to complete.  During  which 
time you are getting no income on the property.  They are angry at  their 
situation and take it out on you and the house.  Oh, and I've  seen broken tubs 
and toilets too where they must have taken a sledge hammer to  them.  
Foreclosure is not where you want to be.
 
Janet
 
 
In a message dated 8/25/2009 3:35:49 P.M. Central Daylight Time,  
hhsamcox at yahoo.com writes:

I'm  having trouble seeing the risk since all you need to do after a 
default is to  foreclose on the loan, take your house back with all previous 
profits and then  put it on the market again for a higher(?) price. Just what 
risk is there  unless they total the place when you foreclose?

Sam

--- On Tue,  8/25/09, j crafor <jcrafor at hotmail.com> wrote:

> From: j  crafor <jcrafor at hotmail.com>
> Subject: Re: [5-DayForum] getting  closer to your hoped for price
> To: "5-dayforum at mailman.how tosellyour  home" 
<5-dayforum at mailman.howtosellyourhomein5days.com>
> Date:  Tuesday, August 25, 2009, 1:36 PM
> 
> 
> 
>  #yiv1191955176 .hmmessage P
> {
> margin:0px;padding:0px;}
>  #yiv1191955176 {
> font-size:10pt;font-family:Verdana;}
> 
>  
>  
> My original post about getting closer to your  price
> goal was for the BUYER to sweeten the pot by
> adding  something more if he couldn't get a loan for
> the full amount.  
> 
>  
> 
> What does HE have to add  that you want or can
> rent or sell? Maybe a cabin someplace in the  boonies? A
> boat? A plane? Valuable paintings or other  antiques?
> Jewelry?
> 
> I wouldn't be interested in a  boat or a plane,
> unless I knew I could turn them over quickly, but  those hand
> crafted guns, that I can have assessed and hang on  my
> wall till I need some money, and can sell for a grand or  two
> apiece quickly, or, since I am still living in the same
>  town, his livelihood for the last 40-50 years has been
> plumbing and  HVAC. A $10,000 contract with him for an
> amount of labor on MY  systems would have worked, and gotten
> me to my desired price.
>  
>  
> 
> For the SELLER  to do owner financing in  this
> financial climate I think, would be dangerous. In fact,
>  I've gotten so  many calls asking to do owner
> financing, and me  saying no, I just started adding that
> maybe they can qualify for  private lender money, but that I
> have no idea how to find a private  lender: maybe to google
> it...
> 
> They hang  up. 
> 
> I don't have the expertise to do owner financing,  and
> if they don't want to go to the guys with the money,
> I'm  not going to risk MY assets for them.
> 
>  
> 
>  JCrafor
> 
> 
>  
> 
> 
> To:  5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tue, 25 Aug 2009  09:15:10 -0400
> From: barrettai at aol.com
> Subject: Re:  [5-DayForum] getting closer to your hoped for
> price
> 
>  
> Acole:
>  
> Owner financing would sweeten the  pie.  However,
> unless your "money-purchase" mortgage is a  first,
> you could risk the amount you finance if they should go  into
> default.
>  
> Good luck!
>  
>  Kyle Cascioli
> www.AuctionBySeller.com
> 
> 
>  
> -----Original Message-----
> From: ARLENE COLE  <alcolefl at gmail.com>
> To: How To Sell Your Home in 5-Days
>  <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Mon, Aug  24, 2009 8:20 am
> Subject: Re: [5-DayForum] getting closer to your  hoped for
> price
> 
> 
> 
> I have not heard  anyone mention the possibility of
> some owner financing to help sweeten  the pot.  There
> are some good folks out there that in this  economy simply
> cannot get a conventional loan.  Has anyone used  owner
> financing in the 5 day sale?  I have not listed  yet,
> still digesting the book & trying to gain insight  from
> the forum.  Any comments would be greatly
>  appreciated.
>  
> Acole
> 
> 
> On Sat,  Aug 22, 2009 at 3:38
> PM, j crafor <jcrafor at hotmail.com>
>  wrote:
> 
> 
> When my buyer, an older couple, couldn?t get  a l oan
> for the amount of their offer, someone suggested asking  them
> what they had to trade, maybe a cabin in the woods, or?
> I  did ask her that day, and she said the only thing they
> had was some  antiques. The way she said it, I heard ?old
> stuff? and she continued  with  ?that nobody had the
> money for anymore?. I didn?t pursue  it, I don?t know
> about antiques, and have no idea of value or sales.  
> But he was right, I should have asked more questions,
>  including what could you throw in to make your offer
> better?
> I  learned today his hobby is building guns, long guns,
> black powder  guns. He has a couple of beauties on the wall
> of their den. I have no  idea of the value, but when she was
> showing them to me, she said their  kids want one for their
> husbands, but they can?t afford them. Now  that, I might
> have taken several to get it up to the offer? Getting  an
> idea from gun sites, these hand made replicas might be  worth
> over $1000 each. 
> And, it turns out, he operated a  plumbing business here for
> about 20 years, doing all aspects of it. I  could have gotten
> a contract for $xxxx of plumbing work as needed on  MY
> houses. 
> So, if your buyer doesn?t have cash enough, maybe  he does
> have something else to add to the pot. Right now, I wish  I
> had pursued it a bit more. 
> 
> Just something to  consider when you are aat the end of your
> round robins, and still  several thousand short of what you h
> ope to get, and the bidder  won't/can't go higher...
>  
> Thinking outside the  box.
>  
> JCrafor 
> 
> 
> 
>  With Windows Live, you can organize, edit, and share your
> photos.  Click
> here.
>  _______________________________________________
> 5-DayForum mailing  list
> 5-DayForum at mailman.howtosellyourhomein5days.com
>  
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>  
> 
> 
>  _______________________________________________
> 5-DayForum mailing  list
> 5-DayForum at mailman.howtosellyourhomein5days.com
>  
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>  
> 
> Hotmail? is up
> to 70% faster. Now good news travels  really fast.  Try
> it now. 
> 
> -----Inline  Attachment Follows-----
> 
>  _______________________________________________
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> 5-DayForum at mailman.howtosellyourhomein5days.com
>  http://mailman.howtose
llyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>  

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From matthewgdavis at mac.com  Tue Aug 25 16:34:11 2009
From: matthewgdavis at mac.com (Matthew Davis)
Date: Tue, 25 Aug 2009 16:34:11 -0400
Subject: [5-DayForum] please take me off the emial list.....I want to
	unsubscribe....THANKS
Message-ID: <200EDEFB-4B08-498B-A10C-ACF22393C086@mac.com>



From tamrickkleine at gmail.com  Tue Aug 25 16:42:29 2009
From: tamrickkleine at gmail.com (Rick and Tammy Kleine)
Date: Tue, 25 Aug 2009 15:42:29 -0500
Subject: [5-DayForum] Please remove
Message-ID: <173083ac0908251342y5ec0dfbbifa07ebe00dc315d2@mail.gmail.com>

Please remove me from the forum
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From onefunone2205 at hotmail.com  Tue Aug 25 22:25:27 2009
From: onefunone2205 at hotmail.com (K C)
Date: Tue, 25 Aug 2009 22:25:27 -0400
Subject: [5-DayForum] final questions- round robin + near final
	advance	of less th...
In-Reply-To: <be8.59803ef9.37c5a551@aol.com>
References: <be8.59803ef9.37c5a551@aol.com>
Message-ID: <SNT111-W477148FB53B7E508D75455B7F70@phx.gbl>


ok -got it,. maybe I can come up  with yet one more good question or two:

I have updated the subject properties address in Zillow.com some time ago when I posted the fsbo sign to what I wanted to ask for the house,. there's oodles of everyone online these days - and I have been getting hits on the counter (it's up to 120 or something, but no emails or calls lately. I put the fsbo sign up about 4 weeks ago and had 14 calls and a small handful fof showings, yet no sale as yet... so I am wondering - do I leave my "make me move price" posted on zillow or eliminate it?

I accidentally blew off entering the newspaper ad for tomorrow for a Sunday Round Robin as we got so hammered at work today I couldn't even get a dial tone let alone make that call!! I do intend on doing craigslist - otherwise I will have to wait another three weeks (after Labor day Weekend to go with the show.. well? go with it anyway?) I understand I can cancel by friday night if I do not get the response I need - yet my goal is to sell the home and be done with it!

Thanks for your feedback!


From: Janetislight at aol.com
Date: Tue, 25 Aug 2009 16:36:33 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] final questions- round robin + near final advance	of less th...








Goof!
 

In a message dated 8/25/2009 3:32:13 P.M. Central Daylight Time, 
jcrafor at hotmail.com writes:
"the 5-day police are not watching!"
 
 
 
 
 
ooooOOOOOOoooooyesweare!
 
 
 
 
 
 
 
 
 
LOL!
 
 
 
 
 
 
JCrafor

   
 

  
  From: Janetislight at aol.com
Date: Tue, 25 Aug 2009 11:21:34 -0400
To: 
  5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] 
  final questions- round robin + near final advance of less th...


  Also, there are people who do monitor on Sunday nights.  So, you can 
  probably get some answers or advise during the round robin.
   
  I agree with the below advice.  Simplify, Simplify, Simplify.
   
  Janet
   
  
  In a message dated 8/25/2009 9:23:36 A.M. Central Daylight Time, 
  rosemarie-fred at mindspring.com writes:
  
    K.C. -
    You are full of complicated 
    "what-ifs!" Impossible to get into that when it's hypothetical.
    Just FYI - the night of my first sale, 
    the round robin was still going on at 11pm. I was exhausted; all day I was 
    showing people around and being pleasant. The last lookers (actually turned 
    out to be the buyers) did not leave until after 7. So you can 
    imagine I was too tired to carry on. I called back the few who were 
    increasing by $500 at each call and told them we would have to continue 
    the next evening. That was fine with them, and gave me a chance 
    to rest, think, etc.
    I would never reveal another 
    bidders info - why would you? Your call simply states: "The bidding is at 
    $XXXXX. Do you want to advance the bidding?" Actually, I think I just 
    said the number after a few calls.
    My advice to you is to 
    simplify. From your email I would guess that you probably say too much. 
    Let your buyers talk more than you. Your mind is jumping around with trying 
    to keep all the possibilities in line, and it's like trying to organize a 
    flea circus - sometimes the little devils won't stay in line! 
    So. Relax. You have the information 
    you need. Take a few deep breaths. Go with the flow. Do what you think is 
    best - the 5-day police are not watching! 
    Good luck!
    Rosemarie
    
      ----- Original Message ----- 
      From: 
      K C 
      To: 5-dayforum at mailman.howtosellyourhomein5days.com 
      
      Sent: Monday, August 24, 2009 11:52 
      PM
      Subject: [5-DayForum] final 
      questions- round robin + near final advance of less than $500.00 + answers 
      to last minute issue?
      
ok-ok -- 

now that I'm getting 
      last minute jitters,. thinking ahead.. I got a couple quick, yet seemingly 
      critically important questions..

Background: I understand that we 
      are trying to get rid of the "tire kickers" in the first round of round 
      robin as the primary objective, yet came up with the following 
      question:

1. In the round Robin do I want to relinquish to the 
      subsequent bidders any prior names (first and or last?) and amounts as I 
      go down the list? How about subsequent and final round robin passes? In 
      other words,. your book almost implies that the buyers have some 
      way of keeping up with the bid amounts... or is otherwise documented by 
      them -- or is this question just running too deep and I should just go to 
      bed and forget about it??

2. What if within the last ten minutes 
      after the high bidder is determined that I get someone who calls back and 
      wants to not increment the top bidder by say only $200.00 due to (whatever 
      reason - not pre-approved for more a penny more, but really expresses a 
      strong interest in the subject property? - not that I need to make excuses 
      for any buyer - lol) The problem that I see with this is that it is 
      breaking the rules (not to mention the obvious - "buyers are liars?") and 
      more so what happens if this party falls out of the buying after being 
      dubbed the high bidder? - Surely If I were now the second highest bidder 
      at taht then time being beat by only $200.00,. I'd be pretty resentful, 
      angry and more..
Questions: How do I handle this bidder (now seemingly 
      first in the top three buyers?)- what do I tell them? Further and more 
      important -- How do I approach the then second highest bidder?? 
      wOw!?!?!??

3. Background: what if I run into a problem which is 
      similar, but not limited to the above questions to which I do not have the 
      answer to and cannot find the answer in the book? (I mean.,. I can use 
      logic to the best of my ability, but it seems it's very reasonable to say 
      these are good questions... and I'm always looking for a way to kill 
      something,. otherwise it lives...
Question: Are you guys looking at 
      this blog on Sunday nights between 8-10 PM (namely this upcoming 
      weekend?)??

4. Should I call back other lookers who did not bite at 
      my full asking price? if so should I count them? What about those who came 
      back versus thos who never inquired once they heard the price? (PS - for 
      what';s out there in this area -- it's smokling hot new and value 
      packed

PS> My Status is:? Craigslist post tomorrow night.,. 
      Newspaper ad to be released Wed- Sun, Inspection this Sat & Sun,. with 
      Round RObin Sunday Night at 8 PM.contract on Monday.

PSS> 
      Background: I just received an email today from my zillow alert with a 
      fact that property values have INCREASED in this neighborhood over the 
      last month (information as of June 30th, 2009).
Questions: Do I have 
      this printed medai avaiable and hand out to all buyers? Do I leave it on 
      the table and not include it unless the inspecting party asks?  
      

Please respond as soon as possible. I hopes this makes sense I'm 
      beat and calling it a day!

Thanks!
Ck



      
      Get back to school stuff for them and cashback for you. Try 
      BingT now. 
      

      
_______________________________________________
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      mailing 
      list
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  here. 
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From Janetislight at aol.com  Wed Aug 26 08:52:12 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Wed, 26 Aug 2009 08:52:12 EDT
Subject: [5-DayForum] final questions- round robin + near final advance
	of less th...
Message-ID: <d2f.485191d6.37c689fc@aol.com>

You do not want any conflicting information out there during you 5-day  
sale.  And yes, you have until late Friday night to cancel your sale.   Update 
anything you have to reflect your 5 day sale.  On FSBO sites this  needs to 
be done in the body of the description will your "real" selling price  in 
the listing.
 
Good Luck!
 
Janet 
 
 
In a message dated 8/25/2009 9:27:42 P.M. Central Daylight Time,  
onefunone2205 at hotmail.com writes:

ok -got  it,. maybe I can come up  with yet one more good question or  two:

I have updated the subject properties address in Zillow.com some  time ago 
when I posted the fsbo sign to what I wanted to ask for the house,.  there's 
oodles of everyone online these days - and I have been getting hits on  the 
counter (it's up to 120 or something, but no emails or calls lately. I put  
the fsbo sign up about 4 weeks ago and had 14 calls and a small handful fof 
 showings, yet no sale as yet... so I am wondering - do I leave my "make me 
 move price" posted on zillow or eliminate it?

I accidentally blew off  entering the newspaper ad for tomorrow for a 
Sunday Round Robin as we got so  hammered at work today I couldn't even get a 
dial tone let alone make that  call!! I do intend on doing craigslist - 
otherwise I will have to wait another  three weeks (after Labor day Weekend to go 
with the show.. well? go with it  anyway?) I understand I can cancel by 
friday night if I do not get the  response I need - yet my goal is to sell the 
home and be done with  it!

Thanks for your feedback!


 
____________________________________
From: Janetislight at aol.com
Date: Tue, 25 Aug 2009 16:36:33 -0400
To:  5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum]  final questions- round robin + near final 
advance of less th...

Goof!
 
 
In a message dated 8/25/2009 3:32:13 P.M. Central Daylight Time,  
jcrafor at hotmail.com writes:

"the 5-day police are not  watching!"





ooooOOOOOOoooooyesweare!









LOL!






JCrafor



 
____________________________________
From: Janetislight at aol.com
Date: Tue, 25 Aug 2009 11:21:34 -0400
To:  5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum]  final questions- round robin + near final 
advance of less th...

Also, there are people who do monitor on Sunday nights.  So, you  can 
probably get some answers or advise during the round robin.
 
I agree with the below advice.  Simplify, Simplify,  Simplify.
 
Janet
 
 
In a message dated 8/25/2009 9:23:36 A.M. Central Daylight Time,  
rosemarie-fred at mindspring.com writes:

K.C. -
You are full of complicated  "what-ifs!" Impossible to get into that when 
it's  hypothetical.
Just FYI - the night of my first  sale, the round robin was still going on 
at 11pm. I was exhausted; all day  I was showing people around and being 
pleasant. The last lookers (actually  turned out to be the buyers) did not 
leave until after 7. So you  can imagine I was too tired to carry on. I called 
back the few who were  increasing by $500 at each call and told them we would 
have to  continue the next evening. That was fine with them, and gave me a 
chance  to rest, think, etc.
I would never reveal another  bidders info - why would you? Your call 
simply states: "The bidding is at  $XXXXX. Do you want to advance the bidding?" 
Actually, I think I just  said the number after a few calls.
My advice to you is to  simplify. From your email I would guess that you 
probably say too  much. Let your buyers talk more than you. Your mind is 
jumping around with  trying to keep all the possibilities in line, and it's like 
trying to  organize a flea circus - sometimes the little devils won't stay 
in line!  
So. Relax. You have the information  you need. Take a few deep breaths. Go 
with the flow. Do what you think is  best - the 5-day police are not 
watching! 
Good luck!
Rosemarie

-----  Original Message ----- 
From:  _K C_ (mailto:onefunone2205 at hotmail.com)  
To:  _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com)   
Sent:  Monday, August 24, 2009 11:52 PM
Subject:  [5-DayForum] final questions- round robin + near final advance of 
less  than $500.00 + answers to last minute issue?


ok-ok -- 

now that I'm  getting last minute jitters,. thinking ahead.. I got a couple 
quick, yet  seemingly critically important questions..

Background: I  understand that we are trying to get rid of the "tire 
kickers" in the  first round of round robin as the primary objective, yet came up 
with  the following question:

1. In the round Robin do I want to  relinquish to the subsequent bidders 
any prior names (first and or  last?) and amounts as I go down the list? How 
about subsequent and final  round robin passes? In other words,. your book 
almost implies  that the buyers have some way of keeping up with the bid 
amounts... or  is otherwise documented by them -- or is this question just 
running too  deep and I should just go to bed and forget about it??

2. What if  within the last ten minutes after the high bidder is determined 
that I  get someone who calls back and wants to not increment the top 
bidder by  say only $200.00 due to (whatever reason - not pre-approved for more a 
 penny more, but really expresses a strong interest in the subject  
property? - not that I need to make excuses for any buyer - lol) The  problem that 
I see with this is that it is breaking the rules (not to  mention the 
obvious - "buyers are liars?") and more so what happens if  this party falls out 
of the buying after being dubbed the high bidder? -  Surely If I were now the 
second highest bidder at taht then time being  beat by only $200.00,. I'd 
be pretty resentful, angry and  more..
Questions: How do I handle this bidder (now seemingly first in  the top 
three buyers?)- what do I tell them? Further and more important  -- How do I 
approach the then second highest bidder??  wOw!?!?!??

3. Background: what if I run into a problem which is  similar, but not 
limited to the above questions to which I do not have  the answer to and cannot 
find the answer in the book? (I mean.,. I can  use logic to the best of my 
ability, but it seems it's very reasonable  to say these are good 
questions... and I'm always looking for a way to  kill something,. otherwise it lives...
Question: Are you guys looking  at this blog on Sunday nights between 8-10 
PM (namely this upcoming  weekend?)??

4. Should I call back other lookers who did not bite  at my full asking 
price? if so should I count them? What about those who  came back versus thos 
who never inquired once they heard the price? (PS  - for what';s out there in 
this area -- it's smokling hot new and value  packed

PS> My Status is:? Craigslist post tomorrow night.,.  Newspaper ad to be 
released Wed- Sun, Inspection this Sat & Sun,.  with Round RObin Sunday Night 
at 8 PM.contract on Monday.

PSS>  Background: I just received an email today from my zillow alert with 
a  fact that property values have INCREASED in this neighborhood over the  
last month (information as of June 30th, 2009).
Questions: Do I have  this printed medai avaiable and hand out to all 
buyers? Do I leave it on  the table and not include it unless the inspecting 
party asks?   

Please respond as soon as possible. I hopes this makes sense I'm  beat and 
calling it a day!

Thanks!
Ck


 
____________________________________
Get back to school stuff for them and cashback for you. _Try  BingT now._ 
(http://www.bing.com/cashback?form=MSHYCB&publ=WLHMTAG&crea=TEXT_MSHYCB_BackTo
School_Cashback_BTSCashback_1x1)    
____________________________________
 
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From onefunone2205 at hotmail.com  Wed Aug 26 13:03:54 2009
From: onefunone2205 at hotmail.com (K C)
Date: Wed, 26 Aug 2009 13:03:54 -0400
Subject: [5-DayForum] final questions- round robin + near final
	advance	of less th...
In-Reply-To: <d2f.485191d6.37c689fc@aol.com>
References: <d2f.485191d6.37c689fc@aol.com>
Message-ID: <SNT111-W23100E51420A4304DE0132B7F70@phx.gbl>



Jane, I like to think that I can do acronyms and abbreviations quite well - however, could you please be a little more specific?

I think you are more or less saying: change my current listing from zillow? (i.e. it's only the free version called "set a make me move price" with my price on it - not a paid fsbo) and in addition you are also in saying "make profile on zillow consistent with the 5-day sale garb advertising - This might be difficult as no verbiage would be allowed in the asking price.. ie "or the highest bidder." Will see what I can do.

Also: Once I hit 25 valid inquiries (ie valid inquiry is defined as a request for more information?) or friday night comes then I pass the address? or should I totally wait till friday night to relinquish the address -- I'm thinking the latter is better.

NOTE: So far I've got 31 spam emails from my posting on craigs list with only three real emails -wOw- naturally the content of those real emails are: "where is the property located?" questions.. my answer - "the exact address will not be disclosed until Friday - and yes the ad and the home is real - the property will be sold to the highest bidder on Sunday night." (with not a single letter more -- being the chatter box I am - lol!).

The plan is to provide a brief description *if* they want more and when they reply for more detail - send the pre-set detailed description - after all this is about getting the magic # people which will contain the three real buyers!!! 

got to RUN! will look back later for your reply.

Thanks for your reply in advance!


From: Janetislight at aol.com
Date: Wed, 26 Aug 2009 08:52:12 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] final questions- round robin + near final advance	of less th...








You do not want any conflicting information out there during you 5-day 
sale.  And yes, you have until late Friday night to cancel your sale.  
Update anything you have to reflect your 5 day sale.  On FSBO sites this 
needs to be done in the body of the description will your "real" selling price 
in the listing.
 
Good Luck!
 
Janet 
 

In a message dated 8/25/2009 9:27:42 P.M. Central Daylight Time, 
onefunone2205 at hotmail.com writes:
ok -got 
  it,. maybe I can come up  with yet one more good question or 
  two:

I have updated the subject properties address in Zillow.com some 
  time ago when I posted the fsbo sign to what I wanted to ask for the house,. 
  there's oodles of everyone online these days - and I have been getting hits on 
  the counter (it's up to 120 or something, but no emails or calls lately. I put 
  the fsbo sign up about 4 weeks ago and had 14 calls and a small handful fof 
  showings, yet no sale as yet... so I am wondering - do I leave my "make me 
  move price" posted on zillow or eliminate it?

I accidentally blew off 
  entering the newspaper ad for tomorrow for a Sunday Round Robin as we got so 
  hammered at work today I couldn't even get a dial tone let alone make that 
  call!! I do intend on doing craigslist - otherwise I will have to wait another 
  three weeks (after Labor day Weekend to go with the show.. well? go with it 
  anyway?) I understand I can cancel by friday night if I do not get the 
  response I need - yet my goal is to sell the home and be done with 
  it!

Thanks for your feedback!



  
  From: Janetislight at aol.com
Date: Tue, 25 Aug 2009 16:36:33 -0400
To: 
  5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] 
  final questions- round robin + near final advance of less th...


  Goof!
   
  
  In a message dated 8/25/2009 3:32:13 P.M. Central Daylight Time, 
  jcrafor at hotmail.com writes:
  "the 5-day police are not 
    watching!"
 
 
 
 
 
ooooOOOOOOoooooyesweare!
 
 
 
 
 
 
 
 
 
LOL!
 
 
 
 
 
 
JCrafor

     
 

    
    From: Janetislight at aol.com
Date: Tue, 25 Aug 2009 11:21:34 -0400
To: 
    5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] 
    final questions- round robin + near final advance of less th...


    Also, there are people who do monitor on Sunday nights.  So, you 
    can probably get some answers or advise during the round robin.
     
    I agree with the below advice.  Simplify, Simplify, 
Simplify.
     
    Janet
     
    
    In a message dated 8/25/2009 9:23:36 A.M. Central Daylight Time, 
    rosemarie-fred at mindspring.com writes:
    
      K.C. -
      You are full of complicated 
      "what-ifs!" Impossible to get into that when it's 
      hypothetical.
      Just FYI - the night of my first 
      sale, the round robin was still going on at 11pm. I was exhausted; all day 
      I was showing people around and being pleasant. The last lookers (actually 
      turned out to be the buyers) did not leave until after 7. So you 
      can imagine I was too tired to carry on. I called back the few who were 
      increasing by $500 at each call and told them we would have to 
      continue the next evening. That was fine with them, and gave me a chance 
      to rest, think, etc.
      I would never reveal another 
      bidders info - why would you? Your call simply states: "The bidding is at 
      $XXXXX. Do you want to advance the bidding?" Actually, I think I just 
      said the number after a few calls.
      My advice to you is to 
      simplify. From your email I would guess that you probably say too 
      much. Let your buyers talk more than you. Your mind is jumping around with 
      trying to keep all the possibilities in line, and it's like trying to 
      organize a flea circus - sometimes the little devils won't stay in line! 
      
      So. Relax. You have the information 
      you need. Take a few deep breaths. Go with the flow. Do what you think is 
      best - the 5-day police are not watching! 
      Good luck!
      Rosemarie
      
        ----- 
        Original Message ----- 
        From: 
        K C 
        To: 
        5-dayforum at mailman.howtosellyourhomein5days.com 
        
        Sent: 
        Monday, August 24, 2009 11:52 PM
        Subject: 
        [5-DayForum] final questions- round robin + near final advance of less 
        than $500.00 + answers to last minute issue?
        
ok-ok -- 

now that I'm 
        getting last minute jitters,. thinking ahead.. I got a couple quick, yet 
        seemingly critically important questions..

Background: I 
        understand that we are trying to get rid of the "tire kickers" in the 
        first round of round robin as the primary objective, yet came up with 
        the following question:

1. In the round Robin do I want to 
        relinquish to the subsequent bidders any prior names (first and or 
        last?) and amounts as I go down the list? How about subsequent and final 
        round robin passes? In other words,. your book almost implies 
        that the buyers have some way of keeping up with the bid amounts... or 
        is otherwise documented by them -- or is this question just running too 
        deep and I should just go to bed and forget about it??

2. What if 
        within the last ten minutes after the high bidder is determined that I 
        get someone who calls back and wants to not increment the top bidder by 
        say only $200.00 due to (whatever reason - not pre-approved for more a 
        penny more, but really expresses a strong interest in the subject 
        property? - not that I need to make excuses for any buyer - lol) The 
        problem that I see with this is that it is breaking the rules (not to 
        mention the obvious - "buyers are liars?") and more so what happens if 
        this party falls out of the buying after being dubbed the high bidder? - 
        Surely If I were now the second highest bidder at taht then time being 
        beat by only $200.00,. I'd be pretty resentful, angry and 
        more..
Questions: How do I handle this bidder (now seemingly first in 
        the top three buyers?)- what do I tell them? Further and more important 
        -- How do I approach the then second highest bidder?? 
        wOw!?!?!??

3. Background: what if I run into a problem which is 
        similar, but not limited to the above questions to which I do not have 
        the answer to and cannot find the answer in the book? (I mean.,. I can 
        use logic to the best of my ability, but it seems it's very reasonable 
        to say these are good questions... and I'm always looking for a way to 
        kill something,. otherwise it lives...
Question: Are you guys looking 
        at this blog on Sunday nights between 8-10 PM (namely this upcoming 
        weekend?)??

4. Should I call back other lookers who did not bite 
        at my full asking price? if so should I count them? What about those who 
        came back versus thos who never inquired once they heard the price? (PS 
        - for what';s out there in this area -- it's smokling hot new and value 
        packed

PS> My Status is:? Craigslist post tomorrow night.,. 
        Newspaper ad to be released Wed- Sun, Inspection this Sat & Sun,. 
        with Round RObin Sunday Night at 8 PM.contract on Monday.

PSS> 
        Background: I just received an email today from my zillow alert with a 
        fact that property values have INCREASED in this neighborhood over the 
        last month (information as of June 30th, 2009).
Questions: Do I have 
        this printed medai avaiable and hand out to all buyers? Do I leave it on 
        the table and not include it unless the inspecting party asks?  
        

Please respond as soon as possible. I hopes this makes sense I'm 
        beat and calling it a day!

Thanks!
Ck



        
        Get back to school stuff for them and cashback for you. Try 
        BingT now. 
        
        
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From Janetislight at aol.com  Wed Aug 26 14:13:36 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Wed, 26 Aug 2009 14:13:36 EDT
Subject: [5-DayForum] final questions- round robin + near final advance
	of less th...
Message-ID: <d37.51475d73.37c6d550@aol.com>

I gave the address when I spoke with them.  I think Bill Effros said  he 
did to.  Maybe he'll post to that effect.  If you can't change the  price on 
Zillow, I would remove it until after the sale.  That's just MY  opinion.  I 
don't think there should be any conflicts.
 
Janet
 
 
In a message dated 8/26/2009 12:06:11 P.M. Central Daylight Time,  
onefunone2205 at hotmail.com writes:


Jane, I like to think that I can do acronyms and abbreviations  quite well 
- however, could you please be a little more specific?

I  think you are more or less saying: change my current listing from 
zillow?  (i.e. it's only the free version called "set a make me move price" with 
my  price on it - not a paid fsbo) and in addition you are also in saying 
"make  profile on zillow consistent with the 5-day sale garb advertising - This 
might  be difficult as no verbiage would be allowed in the asking price.. 
ie "or the  highest bidder." Will see what I can do.

Also: Once I hit 25 valid  inquiries (ie valid inquiry is defined as a 
request for more information?) or  friday night comes then I pass the address? 
or should I totally wait till  friday night to relinquish the address -- I'm 
thinking the latter is  better.

NOTE: So far I've got 31 spam emails from my posting on craigs  list with 
only three real emails -wOw- naturally the content of those real  emails are: 
"where is the property located?" questions.. my answer - "the  exact 
address will not be disclosed until Friday - and yes the ad and the home  is real 
- the property will be sold to the highest bidder on Sunday night."  (with 
not a single letter more -- being the chatter box I am -  lol!).

The plan is to provide a brief description *if* they want more  and when 
they reply for more detail - send the pre-set detailed description -  after 
all this is about getting the magic # people which will contain the  three 
real buyers!!! 

got to RUN! will look back later for your  reply.

Thanks for your reply in advance!

 
____________________________________
From: Janetislight at aol.com
Date: Wed, 26 Aug 2009 08:52:12 -0400
To:  5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum]  final questions- round robin + near final 
advance of less th...

You do not want any conflicting information out there during you 5-day  
sale.  And yes, you have until late Friday night to cancel your  sale.  Update 
anything you have to reflect your 5 day sale.  On FSBO  sites this needs to 
be done in the body of the description will your "real"  selling price in 
the listing.
 
Good Luck!
 
Janet 
 
 
In a message dated 8/25/2009 9:27:42 P.M. Central Daylight Time,  
onefunone2205 at hotmail.com writes:

ok  -got it,. maybe I can come up  with yet one more good question or  two:

I have updated the subject properties address in Zillow.com some  time ago 
when I posted the fsbo sign to what I wanted to ask for the house,.  there's 
oodles of everyone online these days - and I have been getting hits  on the 
counter (it's up to 120 or something, but no emails or calls lately.  I put 
the fsbo sign up about 4 weeks ago and had 14 calls and a small  handful 
fof showings, yet no sale as yet... so I am wondering - do I leave  my "make 
me move price" posted on zillow or eliminate it?

I  accidentally blew off entering the newspaper ad for tomorrow for a 
Sunday  Round Robin as we got so hammered at work today I couldn't even get a 
dial  tone let alone make that call!! I do intend on doing craigslist - oth
erwise  I will have to wait another three weeks (after Labor day Weekend to go 
with  the show.. well? go with it anyway?) I understand I can cancel by 
friday  night if I do not get the response I need - yet my goal is to sell the 
home  and be done with it!

Thanks for your feedback!


 
____________________________________
From: Janetislight at aol.com
Date: Tue, 25 Aug 2009 16:36:33 -0400
To:  5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum]  final questions- round robin + near final 
advance of less th...

Goof!
 
 
In a message dated 8/25/2009 3:32:13 P.M. Central Daylight Time,  
jcrafor at hotmail.com writes:

"the 5-day police are not  watching!"





ooooOOOOOOoooooyesweare!









LOL!






JCrafor



 
____________________________________
From: Janetislight at aol.com
Date: Tue, 25 Aug 2009 11:21:34 -0400
To:  5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re:  [5-DayForum] final questions- round robin + near final 
advance of less  th...

Also, there are people who do monitor on Sunday nights.  So, you  can 
probably get some answers or advise during the round robin.
 
I agree with the below advice.  Simplify, Simplify,  Simplify.
 
Janet
 
 
In a message dated 8/25/2009 9:23:36 A.M. Central Daylight Time,  
rosemarie-fred at mindspring.com writes:

K.C. -
You are full of complicated  "what-ifs!" Impossible to get into that when 
it's  hypothetical.
Just FYI - the night of my first  sale, the round robin was still going on 
at 11pm. I was exhausted; all  day I was showing people around and being 
pleasant. The last lookers  (actually turned out to be the buyers) did not 
leave until after  7. So you can imagine I was too tired to carry on. I called 
back  the few who were increasing by $500 at each call and told them we  
would have to continue the next evening. That was fine with them, and  gave me a 
chance to rest, think, etc.
I would never reveal another  bidders info - why would you? Your call 
simply states: "The bidding is  at $XXXXX. Do you want to advance the bidding?" 
Actually, I think I  just said the number after a few calls.
My advice to you is to  simplify. From your email I would guess that you 
probably say too  much. Let your buyers talk more than you. Your mind is 
jumping around  with trying to keep all the possibilities in line, and it's like 
trying  to organize a flea circus - sometimes the little devils won't stay 
in  line! 
So. Relax. You have the  information you need. Take a few deep breaths. Go 
with the flow. Do what  you think is best - the 5-day police are not 
watching! 
Good luck!
Rosemarie

-----  Original Message ----- 
From:  K C 
To:  5-dayforum at mailman.howtosellyourhomein5days.com  
Sent:  Monday, August 24, 2009 11:52 PM
Subject:  [5-DayForum] final questions- round robin + near final advance of 
less  than $500.00 + answers to last minute issue?


ok-ok -- 

now that I'm  getting last minute jitters,. thinking ahead.. I got a couple 
quick,  yet seemingly critically important questions..

Background: I  understand that we are trying to get rid of the "tire 
kickers" in the  first round of round robin as the primary objective, yet came up 
with  the following question:

1. In the round Robin do I want to  relinquish to the subsequent bidders 
any prior names (first and or  last?) and amounts as I go down the list? How 
about subsequent and  final round robin passes? In other words,. your book 
almost  implies that the buyers have some way of keeping up with the bid  
amounts... or is otherwise documented by them -- or is this question  just 
running too deep and I should just go to bed and forget about  it??

2. What if within the last ten minutes after the high  bidder is determined 
that I get someone who calls back and wants to  not increment the top 
bidder by say only $200.00 due to (whatever  reason - not pre-approved for more a 
penny more, but really expresses  a strong interest in the subject 
property? - not that I need to make  excuses for any buyer - lol) The problem that I 
see with this is that  it is breaking the rules (not to mention the obvious 
- "buyers are  liars?") and more so what happens if this party falls out of 
the  buying after being dubbed the high bidder? - Surely If I were now the  
second highest bidder at taht then time being beat by only $200.00,.  I'd 
be pretty resentful, angry and more..
Questions: How do I  handle this bidder (now seemingly first in the top 
three buyers?)-  what do I tell them? Further and more important -- How do I 
approach  the then second highest bidder?? wOw!?!?!??

3. Background: what  if I run into a problem which is similar, but not 
limited to the above  questions to which I do not have the answer to and cannot 
find the  answer in the book? (I mean.,. I can use logic to the best of my  
ability, but it seems it's very reasonable to say these are good  
questions... and I'm always looking for a way to kill something,.  otherwise it 
lives...
Question: Are you guys looking at this blog  on Sunday nights between 8-10 
PM (namely this upcoming  weekend?)??

4. Should I call back other lookers who did not  bite at my full asking 
price? if so should I count them? What about  those who came back versus thos 
who never inquired once they heard the  price? (PS - for what';s out there in 
this area -- it's smokling hot  new and value packed

PS> My Status is:? Craigslist post  tomorrow night.,. Newspaper ad to be 
released Wed- Sun, Inspection  this Sat & Sun,. with Round RObin Sunday Night 
at 8 PM.contract on  Monday.

PSS> Background: I just received an email today from  my zillow alert with 
a fact that property values have INCREASED in  this neighborhood over the 
last month (information as of June 30th,  2009).
Questions: Do I have this printed medai avaiable and hand  out to all 
buyers? Do I leave it on the table and not include it  unless the inspecting 
party asks?  

Please respond as soon  as possible. I hopes this makes sense I'm beat and 
calling it a  day!

Thanks!
Ck


 
____________________________________
Get back to school stuff for them and cashback for you. Try  BingT now.   
____________________________________
 
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From onefunone2205 at hotmail.com  Wed Aug 26 19:18:41 2009
From: onefunone2205 at hotmail.com (K C)
Date: Wed, 26 Aug 2009 19:18:41 -0400
Subject: [5-DayForum] release the adderess prior to friday night or with
 less than 25 hits?
In-Reply-To: <d37.51475d73.37c6d550@aol.com>
References: <d37.51475d73.37c6d550@aol.com>
Message-ID: <SNT111-W35D0C333334FAA51A77DC7B7F70@phx.gbl>



The inquiries I have received so far are from emails from the online advertising at craigslist: 31 total with 28 being spam & 1 having a critical virus attached.

I may be mistaken, but I was under the impression that I read in the book somewhere to NOT release the address until Friday night (or otherwise until at least 25 people have responded.) ...Surely one would not want a swarm of sharks invited into the neighborhood pool now would we? (after all - the house is vacant).

The next question would be regarding the upgrades I've done to my property on Zillow.  Zillow creates an estimate of the property values base on cost vs return on investment from some consumer group or organization data.. this shows a total of $213k in value, which I would suppose could be true, yet the comparable sales which have closed in this neighborhood are more like in the $150-180k range. My make me move price is/ was listed as $164,900 (for what it's worth: "logically speaking anyway" could easily be deduced as being is right on the mark of being a very fair price to list the property at.,.. soon, we shall see what the market thinks (and yes, for once I will keep my big mouth shut and let them tell me!)

Now, I need further clarification on the releasing of the address especially since my phone number will start receiving calls from the newspaper advertising... also particularly problematic is that the newspaper has yet another issue. If I want to cancel an ad or otherwise on the weekend - it pretty much has to be done by Thursday for Friday or Saturday... 


From: Janetislight at aol.com
Date: Wed, 26 Aug 2009 14:13:36 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] final questions- round robin + near final advance	of less th...








I gave the address when I spoke with them.  I think Bill Effros said 
he did to.  Maybe he'll post to that effect.  If you can't change the 
price on Zillow, I would remove it until after the sale.  That's just MY 
opinion.  I don't think there should be any conflicts.
 
Janet
 

In a message dated 8/26/2009 12:06:11 P.M. Central Daylight Time, 
onefunone2205 at hotmail.com writes:

Jane, I like to think that I can do acronyms and abbreviations 
  quite well - however, could you please be a little more specific?

I 
  think you are more or less saying: change my current listing from zillow? 
  (i.e. it's only the free version called "set a make me move price" with my 
  price on it - not a paid fsbo) and in addition you are also in saying "make 
  profile on zillow consistent with the 5-day sale garb advertising - This might 
  be difficult as no verbiage would be allowed in the asking price.. ie "or the 
  highest bidder." Will see what I can do.

Also: Once I hit 25 valid 
  inquiries (ie valid inquiry is defined as a request for more information?) or 
  friday night comes then I pass the address? or should I totally wait till 
  friday night to relinquish the address -- I'm thinking the latter is 
  better.

NOTE: So far I've got 31 spam emails from my posting on craigs 
  list with only three real emails -wOw- naturally the content of those real 
  emails are: "where is the property located?" questions.. my answer - "the 
  exact address will not be disclosed until Friday - and yes the ad and the home 
  is real - the property will be sold to the highest bidder on Sunday night." 
  (with not a single letter more -- being the chatter box I am - 
  lol!).

The plan is to provide a brief description *if* they want more 
  and when they reply for more detail - send the pre-set detailed description - 
  after all this is about getting the magic # people which will contain the 
  three real buyers!!! 

got to RUN! will look back later for your 
  reply.

Thanks for your reply in advance!


  
  From: Janetislight at aol.com
Date: Wed, 26 Aug 2009 08:52:12 -0400
To: 
  5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] 
  final questions- round robin + near final advance of less th...


  You do not want any conflicting information out there during you 5-day 
  sale.  And yes, you have until late Friday night to cancel your 
  sale.  Update anything you have to reflect your 5 day sale.  On FSBO 
  sites this needs to be done in the body of the description will your "real" 
  selling price in the listing.
   
  Good Luck!
   
  Janet 
   
  
  In a message dated 8/25/2009 9:27:42 P.M. Central Daylight Time, 
  onefunone2205 at hotmail.com writes:
  ok 
    -got it,. maybe I can come up  with yet one more good question or 
    two:

I have updated the subject properties address in Zillow.com some 
    time ago when I posted the fsbo sign to what I wanted to ask for the house,. 
    there's oodles of everyone online these days - and I have been getting hits 
    on the counter (it's up to 120 or something, but no emails or calls lately. 
    I put the fsbo sign up about 4 weeks ago and had 14 calls and a small 
    handful fof showings, yet no sale as yet... so I am wondering - do I leave 
    my "make me move price" posted on zillow or eliminate it?

I 
    accidentally blew off entering the newspaper ad for tomorrow for a Sunday 
    Round Robin as we got so hammered at work today I couldn't even get a dial 
    tone let alone make that call!! I do intend on doing craigslist - otherwise 
    I will have to wait another three weeks (after Labor day Weekend to go with 
    the show.. well? go with it anyway?) I understand I can cancel by friday 
    night if I do not get the response I need - yet my goal is to sell the home 
    and be done with it!

Thanks for your feedback!



    
    From: Janetislight at aol.com
Date: Tue, 25 Aug 2009 16:36:33 -0400
To: 
    5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] 
    final questions- round robin + near final advance of less th...


    Goof!
     
    
    In a message dated 8/25/2009 3:32:13 P.M. Central Daylight Time, 
    jcrafor at hotmail.com writes:
    "the 5-day police are not 
      watching!"
 
 
 
 
 
ooooOOOOOOoooooyesweare!
 
 
 
 
 
 
 
 
 
LOL!
 
 
 
 
 
 
JCrafor

       
 

      
      From: Janetislight at aol.com
Date: Tue, 25 Aug 2009 11:21:34 -0400
To: 
      5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: 
      [5-DayForum] final questions- round robin + near final advance of less 
      th...


      Also, there are people who do monitor on Sunday nights.  So, you 
      can probably get some answers or advise during the round robin.
       
      I agree with the below advice.  Simplify, Simplify, 
      Simplify.
       
      Janet
       
      
      In a message dated 8/25/2009 9:23:36 A.M. Central Daylight Time, 
      rosemarie-fred at mindspring.com writes:
      
        K.C. -
        You are full of complicated 
        "what-ifs!" Impossible to get into that when it's 
        hypothetical.
        Just FYI - the night of my first 
        sale, the round robin was still going on at 11pm. I was exhausted; all 
        day I was showing people around and being pleasant. The last lookers 
        (actually turned out to be the buyers) did not leave until after 
        7. So you can imagine I was too tired to carry on. I called back 
        the few who were increasing by $500 at each call and told them we 
        would have to continue the next evening. That was fine with them, and 
        gave me a chance to rest, think, etc.
        I would never reveal another 
        bidders info - why would you? Your call simply states: "The bidding is 
        at $XXXXX. Do you want to advance the bidding?" Actually, I think I 
        just said the number after a few calls.
        My advice to you is to 
        simplify. From your email I would guess that you probably say too 
        much. Let your buyers talk more than you. Your mind is jumping around 
        with trying to keep all the possibilities in line, and it's like trying 
        to organize a flea circus - sometimes the little devils won't stay in 
        line! 
        So. Relax. You have the 
        information you need. Take a few deep breaths. Go with the flow. Do what 
        you think is best - the 5-day police are not watching! 

        Good luck!
        Rosemarie
        
          ----- 
          Original Message ----- 
          From: 
          K C 
          To: 
          5-dayforum at mailman.howtosellyourhomein5days.com 
          
          Sent: 
          Monday, August 24, 2009 11:52 PM
          Subject: 
          [5-DayForum] final questions- round robin + near final advance of less 
          than $500.00 + answers to last minute issue?
          
ok-ok -- 

now that I'm 
          getting last minute jitters,. thinking ahead.. I got a couple quick, 
          yet seemingly critically important questions..

Background: I 
          understand that we are trying to get rid of the "tire kickers" in the 
          first round of round robin as the primary objective, yet came up with 
          the following question:

1. In the round Robin do I want to 
          relinquish to the subsequent bidders any prior names (first and or 
          last?) and amounts as I go down the list? How about subsequent and 
          final round robin passes? In other words,. your book almost 
          implies that the buyers have some way of keeping up with the bid 
          amounts... or is otherwise documented by them -- or is this question 
          just running too deep and I should just go to bed and forget about 
          it??

2. What if within the last ten minutes after the high 
          bidder is determined that I get someone who calls back and wants to 
          not increment the top bidder by say only $200.00 due to (whatever 
          reason - not pre-approved for more a penny more, but really expresses 
          a strong interest in the subject property? - not that I need to make 
          excuses for any buyer - lol) The problem that I see with this is that 
          it is breaking the rules (not to mention the obvious - "buyers are 
          liars?") and more so what happens if this party falls out of the 
          buying after being dubbed the high bidder? - Surely If I were now the 
          second highest bidder at taht then time being beat by only $200.00,. 
          I'd be pretty resentful, angry and more..
Questions: How do I 
          handle this bidder (now seemingly first in the top three buyers?)- 
          what do I tell them? Further and more important -- How do I approach 
          the then second highest bidder?? wOw!?!?!??

3. Background: what 
          if I run into a problem which is similar, but not limited to the above 
          questions to which I do not have the answer to and cannot find the 
          answer in the book? (I mean.,. I can use logic to the best of my 
          ability, but it seems it's very reasonable to say these are good 
          questions... and I'm always looking for a way to kill something,. 
          otherwise it lives...
Question: Are you guys looking at this blog 
          on Sunday nights between 8-10 PM (namely this upcoming 
          weekend?)??

4. Should I call back other lookers who did not 
          bite at my full asking price? if so should I count them? What about 
          those who came back versus thos who never inquired once they heard the 
          price? (PS - for what';s out there in this area -- it's smokling hot 
          new and value packed

PS> My Status is:? Craigslist post 
          tomorrow night.,. Newspaper ad to be released Wed- Sun, Inspection 
          this Sat & Sun,. with Round RObin Sunday Night at 8 PM.contract on 
          Monday.

PSS> Background: I just received an email today from 
          my zillow alert with a fact that property values have INCREASED in 
          this neighborhood over the last month (information as of June 30th, 
          2009).
Questions: Do I have this printed medai avaiable and hand 
          out to all buyers? Do I leave it on the table and not include it 
          unless the inspecting party asks?  

Please respond as soon 
          as possible. I hopes this makes sense I'm beat and calling it a 
          day!

Thanks!
Ck



          
          Get back to school stuff for them and cashback for you. Try 
          BingT now. 
          
          
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From jcrafor at hotmail.com  Wed Aug 26 23:03:58 2009
From: jcrafor at hotmail.com (j crafor)
Date: Thu, 27 Aug 2009 03:03:58 +0000
Subject: [5-DayForum] release the adderess prior to friday night or with
 less than 25 hits?
In-Reply-To: <SNT111-W35D0C333334FAA51A77DC7B7F70@phx.gbl>
References: <d37.51475d73.37c6d550@aol.com>
	<SNT111-W35D0C333334FAA51A77DC7B7F70@phx.gbl>
Message-ID: <SNT116-W61BF36E9AA048D878A6CF9AEF60@phx.gbl>


That's the way I read it too--to NOT give out the address until late Friday night or early Sat AM. 
 And I didn't.

I emailed and called people after dark on Friday night. 

If you don't get the 25, you stop the sale and reschedule.

JCrafor


From: onefunone2205 at hotmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Wed, 26 Aug 2009 19:18:41 -0400
Subject: [5-DayForum] release the adderess prior to friday night or with less than 25 hits?




The inquiries I have received so far are from emails from the online advertising at craigslist: 31 total with 28 being spam & 1 having a critical virus attached.

I may be mistaken, but I was under the impression that I read in the book somewhere to NOT release the address until Friday night (or otherwise until at least 25 people have responded.) ...Surely one would not want a swarm of sharks invited into the neighborhood pool now would we? (after all - the house is vacant).

The next question would be regarding the upgrades I've done to my property on Zillow.  Zillow creates an estimate of the property values base on cost vs return on investment from some consumer group or organization data.. this shows a total of $213k in value, which I would suppose could be true, yet the comparable sales which have closed in this neighborhood are more like in the $150-180k range. My make me move price is/ was listed as $164,900 (for what it's worth: "logically speaking anyway" could easily be deduced as being is right on the mark of being a very fair price to list the property at.,.. soon, we shall see what the market thinks (and yes, for once I will keep my big mouth shut and let them tell me!)

Now, I need further clarification on the releasing of the address especially since my phone number will start receiving calls from the newspaper advertising... also particularly problematic is that the newspaper has yet another issue. If I want to cancel an ad or otherwise on the weekend - it pretty much has to be done by Thursday for Friday or Saturday... 




From: Janetislight at aol.com
Date: Wed, 26 Aug 2009 14:13:36 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] final questions- round robin + near final advance of less th...


I gave the address when I spoke with them.  I think Bill Effros said he did to.  Maybe he'll post to that effect.  If you can't change the price on Zillow, I would remove it until after the sale.  That's just MY opinion.  I don't think there should be any conflicts.
 
Janet
 

In a message dated 8/26/2009 12:06:11 P.M. Central Daylight Time, onefunone2205 at hotmail.com writes:

Jane, I like to think that I can do acronyms and abbreviations quite well - however, could you please be a little more specific?

I think you are more or less saying: change my current listing from zillow? (i.e. it's only the free version called "set a make me move price" with my price on it - not a paid fsbo) and in addition you are also in saying "make profile on zillow consistent with the 5-day sale garb advertising - This might be difficult as no verbiage would be allowed in the asking price.. ie "or the highest bidder." Will see what I can do.

Also: Once I hit 25 valid inquiries (ie valid inquiry is defined as a request for more information?) or friday night comes then I pass the address? or should I totally wait till friday night to relinquish the address -- I'm thinking the latter is better.

NOTE: So far I've got 31 spam emails from my posting on craigs list with only three real emails -wOw- naturally the content of those real emails are: "where is the property located?" questions.. my answer - "the exact address will not be disclosed until Friday - and yes the ad and the home is real - the property will be sold to the highest bidder on Sunday night." (with not a single letter more -- being the chatter box I am - lol!).

The plan is to provide a brief description *if* they want more and when they reply for more detail - send the pre-set detailed description - after all this is about getting the magic # people which will contain the three real buyers!!! 

got to RUN! will look back later for your reply.

Thanks for your reply in advance!



From: Janetislight at aol.com
Date: Wed, 26 Aug 2009 08:52:12 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] final questions- round robin + near final advance of less th...


You do not want any conflicting information out there during you 5-day sale.  And yes, you have until late Friday night to cancel your sale.  Update anything you have to reflect your 5 day sale.  On FSBO sites this needs to be done in the body of the description will your "real" selling price in the listing.
 
Good Luck!
 
Janet 
 

In a message dated 8/25/2009 9:27:42 P.M. Central Daylight Time, onefunone2205 at hotmail.com writes:
ok -got it,. maybe I can come up  with yet one more good question or two:

I have updated the subject properties address in Zillow.com some time ago when I posted the fsbo sign to what I wanted to ask for the house,. there's oodles of everyone online these days - and I have been getting hits on the counter (it's up to 120 or something, but no emails or calls lately. I put the fsbo sign up about 4 weeks ago and had 14 calls and a small handful fof showings, yet no sale as yet... so I am wondering - do I leave my "make me move price" posted on zillow or eliminate it?

I accidentally blew off entering the newspaper ad for tomorrow for a Sunday Round Robin as we got so hammered at work today I couldn't even get a dial tone let alone make that call!! I do intend on doing craigslist - otherwise I will have to wait another three weeks (after Labor day Weekend to go with the show.. well? go with it anyway?) I understand I can cancel by friday night if I do not get the response I need - yet my goal is to sell the home and be done with it!

Thanks for your feedback!




From: Janetislight at aol.com
Date: Tue, 25 Aug 2009 16:36:33 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] final questions- round robin + near final advance of less th...


Goof!
 

In a message dated 8/25/2009 3:32:13 P.M. Central Daylight Time, jcrafor at hotmail.com writes:
"the 5-day police are not watching!"
 
 
 
 
 
ooooOOOOOOoooooyesweare!
 
 
 
 
 
 
 
 
 
LOL!
 
 
 
 
 
 
JCrafor

 
 


From: Janetislight at aol.com
Date: Tue, 25 Aug 2009 11:21:34 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] final questions- round robin + near final advance of less th...


Also, there are people who do monitor on Sunday nights.  So, you can probably get some answers or advise during the round robin.
 
I agree with the below advice.  Simplify, Simplify, Simplify.
 
Janet
 

In a message dated 8/25/2009 9:23:36 A.M. Central Daylight Time, rosemarie-fred at mindspring.com writes:

K.C. -
You are full of complicated "what-ifs!" Impossible to get into that when it's hypothetical.
Just FYI - the night of my first sale, the round robin was still going on at 11pm. I was exhausted; all day I was showing people around and being pleasant. The last lookers (actually turned out to be the buyers) did not leave until after 7. So you can imagine I was too tired to carry on. I called back the few who were increasing by $500 at each call and told them we would have to continue the next evening. That was fine with them, and gave me a chance to rest, think, etc.
I would never reveal another bidders info - why would you? Your call simply states: "The bidding is at $XXXXX. Do you want to advance the bidding?" Actually, I think I just said the number after a few calls.
My advice to you is to simplify. From your email I would guess that you probably say too much. Let your buyers talk more than you. Your mind is jumping around with trying to keep all the possibilities in line, and it's like trying to organize a flea circus - sometimes the little devils won't stay in line! 
So. Relax. You have the information you need. Take a few deep breaths. Go with the flow. Do what you think is best - the 5-day police are not watching! 
Good luck!
Rosemarie

----- Original Message ----- 
From: K C 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Monday, August 24, 2009 11:52 PM
Subject: [5-DayForum] final questions- round robin + near final advance of less than $500.00 + answers to last minute issue?

ok-ok -- 

now that I'm getting last minute jitters,. thinking ahead.. I got a couple quick, yet seemingly critically important questions..

Background: I understand that we are trying to get rid of the "tire kickers" in the first round of round robin as the primary objective, yet came up with the following question:

1. In the round Robin do I want to relinquish to the subsequent bidders any prior names (first and or last?) and amounts as I go down the list? How about subsequent and final round robin passes? In other words,. your book almost implies that the buyers have some way of keeping up with the bid amounts... or is otherwise documented by them -- or is this question just running too deep and I should just go to bed and forget about it??

2. What if within the last ten minutes after the high bidder is determined that I get someone who calls back and wants to not increment the top bidder by say only $200.00 due to (whatever reason - not pre-approved for more a penny more, but really expresses a strong interest in the subject property? - not that I need to make excuses for any buyer - lol) The problem that I see with this is that it is breaking the rules (not to mention the obvious - "buyers are liars?") and more so what happens if this party falls out of the buying after being dubbed the high bidder? - Surely If I were now the second highest bidder at taht then time being beat by only $200.00,. I'd be pretty resentful, angry and more..
Questions: How do I handle this bidder (now seemingly first in the top three buyers?)- what do I tell them? Further and more important -- How do I approach the then second highest bidder?? wOw!?!?!??

3. Background: what if I run into a problem which is similar, but not limited to the above questions to which I do not have the answer to and cannot find the answer in the book? (I mean.,. I can use logic to the best of my ability, but it seems it's very reasonable to say these are good questions... and I'm always looking for a way to kill something,. otherwise it lives...
Question: Are you guys looking at this blog on Sunday nights between 8-10 PM (namely this upcoming weekend?)??

4. Should I call back other lookers who did not bite at my full asking price? if so should I count them? What about those who came back versus thos who never inquired once they heard the price? (PS - for what';s out there in this area -- it's smokling hot new and value packed

PS> My Status is:? Craigslist post tomorrow night.,. Newspaper ad to be released Wed- Sun, Inspection this Sat & Sun,. with Round RObin Sunday Night at 8 PM.contract on Monday.

PSS> Background: I just received an email today from my zillow alert with a fact that property values have INCREASED in this neighborhood over the last month (information as of June 30th, 2009).
Questions: Do I have this printed medai avaiable and hand out to all buyers? Do I leave it on the table and not include it unless the inspecting party asks?  

Please respond as soon as possible. I hopes this makes sense I'm beat and calling it a day!

Thanks!
Ck




Get back to school stuff for them and cashback for you. Try BingT now. 


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From onefunone2205 at hotmail.com  Wed Aug 26 23:53:47 2009
From: onefunone2205 at hotmail.com (K C)
Date: Wed, 26 Aug 2009 23:53:47 -0400
Subject: [5-DayForum] release the adderess prior to friday night or with
 less than 25 hits?
In-Reply-To: <SNT116-W61BF36E9AA048D878A6CF9AEF60@phx.gbl>
References: <d37.51475d73.37c6d550@aol.com>
	<SNT111-W35D0C333334FAA51A77DC7B7F70@phx.gbl> 
	<SNT116-W61BF36E9AA048D878A6CF9AEF60@phx.gbl>
Message-ID: <SNT111-W118DAA4278CF271F103A28B7F60@phx.gbl>


THANK YOU for the feedback!! -- I thought I might be misunderstanding something here..

So far I've got 14 responses... lots of one liners "what's the address?" sort of question with no name or other salutation.,. etc.. three who actually wrote a request for  more information - So I've sent the quick description with photo (with the address stripped) ,. in addition, I've sent out the bidding rules to the mom who inquired for her "daughter" but mom will be "out of town again this weekend..." so she said pass the information onto her daughter (I told her not to limit it there and pass it on to all her friends and family as my home "will be sold to the highest bidder on Sunday night... (Oddly - I'm sure she's already called me prior from my fsbo sign and seen it as she lives in the neighborhood -- just wants to toss the bird from the nest, yet keep her close by.. funny and I am certain she knows the location, but it's not like come of the other sharks in the pool!) 

Of such I've also already attracted two of whom I think are investors - looking forward to their bid!

Bottom line: This cut and paste thing works great!! AND more so - it keeps me grounded seeing the same information again and again. I can see where Sunday night will be a long night -- I'd LOVE to get started at 7 pm!

I seen in the downloaded forms in the site that the bidding rules sheet says:


?      Bids may be left at any level, at any time
prior to 8:00 pm Sunday Evening.

?      No one can enter the bidding after 8:00 pm
Sunday Evening.

The book says no one can enter the bid after 5 PM - What's the beef here,. I'd love to get started around 7 PM and yet would love to have a nice dinner that evening as well... can someone clarify this further?

Thanks again for the feedback!

Ck



From: jcrafor at hotmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thu, 27 Aug 2009 03:03:58 +0000
Subject: Re: [5-DayForum] release the adderess prior to friday night or with less than 25 hits?








That's the way I read it too--to NOT give out the address until late Friday night or early Sat AM. 
 And I didn't.

I emailed and called people after dark on Friday night. 

If you don't get the 25, you stop the sale and reschedule.

JCrafor


From: onefunone2205 at hotmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Wed, 26 Aug 2009 19:18:41 -0400
Subject: [5-DayForum] release the adderess prior to friday night or with less than 25 hits?




The inquiries I have received so far are from emails from the online advertising at craigslist: 31 total with 28 being spam & 1 having a critical virus attached.

I may be mistaken, but I was under the impression that I read in the book somewhere to NOT release the address until Friday night (or otherwise until at least 25 people have responded.) ...Surely one would not want a swarm of sharks invited into the neighborhood pool now would we? (after all - the house is vacant).

The next question would be regarding the upgrades I've done to my property on Zillow.  Zillow creates an estimate of the property values base on cost vs return on investment from some consumer group or organization data.. this shows a total of $213k in value, which I would suppose could be true, yet the comparable sales which have closed in this neighborhood are more like in the $150-180k range. My make me move price is/ was listed as $164,900 (for what it's worth: "logically speaking anyway" could easily be deduced as being is right on the mark of being a very fair price to list the property at.,.. soon, we shall see what the market thinks (and yes, for once I will keep my big mouth shut and let them tell me!)

Now, I need further clarification on the releasing of the address especially since my phone number will start receiving calls from the newspaper advertising... also particularly problematic is that the newspaper has yet another issue. If I want to cancel an ad or otherwise on the weekend - it pretty much has to be done by Thursday for Friday or Saturday... 




From: Janetislight at aol.com
Date: Wed, 26 Aug 2009 14:13:36 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] final questions- round robin + near final advance of less th...


I gave the address when I spoke with them.  I think Bill Effros said he did to.  Maybe he'll post to that effect.  If you can't change the price on Zillow, I would remove it until after the sale.  That's just MY opinion.  I don't think there should be any conflicts.
 
Janet
 

In a message dated 8/26/2009 12:06:11 P.M. Central Daylight Time, onefunone2205 at hotmail.com writes:

Jane, I like to think that I can do acronyms and abbreviations quite well - however, could you please be a little more specific?

I think you are more or less saying: change my current listing from zillow? (i.e. it's only the free version called "set a make me move price" with my price on it - not a paid fsbo) and in addition you are also in saying "make profile on zillow consistent with the 5-day sale garb advertising - This might be difficult as no verbiage would be allowed in the asking price.. ie "or the highest bidder." Will see what I can do.

Also: Once I hit 25 valid inquiries (ie valid inquiry is defined as a request for more information?) or friday night comes then I pass the address? or should I totally wait till friday night to relinquish the address -- I'm thinking the latter is better.

NOTE: So far I've got 31 spam emails from my posting on craigs list with only three real emails -wOw- naturally the content of those real emails are: "where is the property located?" questions.. my answer - "the exact address will not be disclosed until Friday - and yes the ad and the home is real - the property will be sold to the highest bidder on Sunday night." (with not a single letter more -- being the chatter box I am - lol!).

The plan is to provide a brief description *if* they want more and when they reply for more detail - send the pre-set detailed description - after all this is about getting the magic # people which will contain the three real buyers!!! 

got to RUN! will look back later for your reply.

Thanks for your reply in advance!



From: Janetislight at aol.com
Date: Wed, 26 Aug 2009 08:52:12 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] final questions- round robin + near final advance of less th...


You do not want any conflicting information out there during you 5-day sale.  And yes, you have until late Friday night to cancel your sale.  Update anything you have to reflect your 5 day sale.  On FSBO sites this needs to be done in the body of the description will your "real" selling price in the listing.
 
Good Luck!
 
Janet 
 

In a message dated 8/25/2009 9:27:42 P.M. Central Daylight Time, onefunone2205 at hotmail.com writes:
ok -got it,. maybe I can come up  with yet one more good question or two:

I have updated the subject properties address in Zillow.com some time ago when I posted the fsbo sign to what I wanted to ask for the house,. there's oodles of everyone online these days - and I have been getting hits on the counter (it's up to 120 or something, but no emails or calls lately. I put the fsbo sign up about 4 weeks ago and had 14 calls and a small handful fof showings, yet no sale as yet... so I am wondering - do I leave my "make me move price" posted on zillow or eliminate it?

I accidentally blew off entering the newspaper ad for tomorrow for a Sunday Round Robin as we got so hammered at work today I couldn't even get a dial tone let alone make that call!! I do intend on doing craigslist - otherwise I will have to wait another three weeks (after Labor day Weekend to go with the show.. well? go with it anyway?) I understand I can cancel by friday night if I do not get the response I need - yet my goal is to sell the home and be done with it!

Thanks for your feedback!




From: Janetislight at aol.com
Date: Tue, 25 Aug 2009 16:36:33 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] final questions- round robin + near final advance of less th...


Goof!
 

In a message dated 8/25/2009 3:32:13 P.M. Central Daylight Time, jcrafor at hotmail.com writes:
"the 5-day police are not watching!"
 
 
 
 
 
ooooOOOOOOoooooyesweare!
 
 
 
 
 
 
 
 
 
LOL!
 
 
 
 
 
 
JCrafor

 
 


From: Janetislight at aol.com
Date: Tue, 25 Aug 2009 11:21:34 -0400
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] final questions- round robin + near final advance of less th...


Also, there are people who do monitor on Sunday nights.  So, you can probably get some answers or advise during the round robin.
 
I agree with the below advice.  Simplify, Simplify, Simplify.
 
Janet
 

In a message dated 8/25/2009 9:23:36 A.M. Central Daylight Time, rosemarie-fred at mindspring.com writes:

K.C. -
You are full of complicated "what-ifs!" Impossible to get into that when it's hypothetical.
Just FYI - the night of my first sale, the round robin was still going on at 11pm. I was exhausted; all day I was showing people around and being pleasant. The last lookers (actually turned out to be the buyers) did not leave until after 7. So you can imagine I was too tired to carry on. I called back the few who were increasing by $500 at each call and told them we would have to continue the next evening. That was fine with them, and gave me a chance to rest, think, etc.
I would never reveal another bidders info - why would you? Your call simply states: "The bidding is at $XXXXX. Do you want to advance the bidding?" Actually, I think I just said the number after a few calls.
My advice to you is to simplify. From your email I would guess that you probably say too much. Let your buyers talk more than you. Your mind is jumping around with trying to keep all the possibilities in line, and it's like trying to organize a flea circus - sometimes the little devils won't stay in line! 
So. Relax. You have the information you need. Take a few deep breaths. Go with the flow. Do what you think is best - the 5-day police are not watching! 
Good luck!
Rosemarie

----- Original Message ----- 
From: K C 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Monday, August 24, 2009 11:52 PM
Subject: [5-DayForum] final questions- round robin + near final advance of less than $500.00 + answers to last minute issue?

ok-ok -- 

now that I'm getting last minute jitters,. thinking ahead.. I got a couple quick, yet seemingly critically important questions..

Background: I understand that we are trying to get rid of the "tire kickers" in the first round of round robin as the primary objective, yet came up with the following question:

1. In the round Robin do I want to relinquish to the subsequent bidders any prior names (first and or last?) and amounts as I go down the list? How about subsequent and final round robin passes? In other words,. your book almost implies that the buyers have some way of keeping up with the bid amounts... or is otherwise documented by them -- or is this question just running too deep and I should just go to bed and forget about it??

2. What if within the last ten minutes after the high bidder is determined that I get someone who calls back and wants to not increment the top bidder by say only $200.00 due to (whatever reason - not pre-approved for more a penny more, but really expresses a strong interest in the subject property? - not that I need to make excuses for any buyer - lol) The problem that I see with this is that it is breaking the rules (not to mention the obvious - "buyers are liars?") and more so what happens if this party falls out of the buying after being dubbed the high bidder? - Surely If I were now the second highest bidder at taht then time being beat by only $200.00,. I'd be pretty resentful, angry and more..
Questions: How do I handle this bidder (now seemingly first in the top three buyers?)- what do I tell them? Further and more important -- How do I approach the then second highest bidder?? wOw!?!?!??

3. Background: what if I run into a problem which is similar, but not limited to the above questions to which I do not have the answer to and cannot find the answer in the book? (I mean.,. I can use logic to the best of my ability, but it seems it's very reasonable to say these are good questions... and I'm always looking for a way to kill something,. otherwise it lives...
Question: Are you guys looking at this blog on Sunday nights between 8-10 PM (namely this upcoming weekend?)??

4. Should I call back other lookers who did not bite at my full asking price? if so should I count them? What about those who came back versus thos who never inquired once they heard the price? (PS - for what';s out there in this area -- it's smokling hot new and value packed

PS> My Status is:? Craigslist post tomorrow night.,. Newspaper ad to be released Wed- Sun, Inspection this Sat & Sun,. with Round RObin Sunday Night at 8 PM.contract on Monday.

PSS> Background: I just received an email today from my zillow alert with a fact that property values have INCREASED in this neighborhood over the last month (information as of June 30th, 2009).
Questions: Do I have this printed medai avaiable and hand out to all buyers? Do I leave it on the table and not include it unless the inspecting party asks?  

Please respond as soon as possible. I hopes this makes sense I'm beat and calling it a day!

Thanks!
Ck




Get back to school stuff for them and cashback for you. Try BingT now. 


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From barb at smartmovesinc.com  Tue Aug 25 12:12:34 2009
From: barb at smartmovesinc.com (Barbara Spector)
Date: Tue, 25 Aug 2009 09:12:34 -0700
Subject: [5-DayForum] Very disappointing results!
Message-ID: <200908251614.n7PGE25D010938@omr7.networksolutionsemail.com>

I followed the process in the book to the letter, advertised in 3 different
media, had approximately 40 phone calls.  We advertised the property for
$354,500, expecting to get offers in the $600,000 range which is where
comparable properties are currently selling in this neighborhood.  The
subject property is in great shape and shows very well.  About 20 couples
showed up to view the property.  We had just 10 written bids by 5PM on
Sunday night.

 

Almost everyone that came to the property to inspect it was an investor
looking for a "deal" or looking for a home for their kids who couldn't
qualify for a more expensive home.  The highest offer we got during the
bidding was $475,000!  

 

I'm thinking that we priced the home way too low, which encouraged investor
types to respond to the ad.  As you know, we are in a depressed market, but
nonetheless, the leap from an asking price of $324,500 to somewhere in the
$600,000 range is HUGE.

 

Any advice?

 

 

 



  Barbara Spector, President  
415-456-1990 ext.4 
 <mailto:barb at smartmovesinc.com> barb at smartmovesinc.com


 


  

 

"Life is not measured by the number of breaths we take, but by the moments
that take our breath away."  George Carlin 

 

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From barb at smartmovesinc.com  Wed Aug 26 12:21:04 2009
From: barb at smartmovesinc.com (Barbara Spector)
Date: Wed, 26 Aug 2009 09:21:04 -0700
Subject: [5-DayForum] I am still waiting for a reply from my previous inquiry
Message-ID: <200908261621.n7QGLGxB019702@omr8.networksolutionsemail.com>

Please answer my last email.  I've sent it twice now and as you can see from
those emails, I am very discouraged.  Thank you!

 

 





  Barbara Spector, President  
415-456-1990 ext.4 
 <mailto:barb at smartmovesinc.com> barb at smartmovesinc.com




 


  

 

"Life is not measured by the number of breaths we take, but by the moments
that take our breath away."  George Carlin 

 

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From bill at effros.com  Thu Aug 27 08:40:26 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 27 Aug 2009 08:40:26 -0400
Subject: [5-DayForum] How to Unsubscribe
In-Reply-To: <4424efe20901240127r1ba45164h70553f4a8513c3d@mail.gmail.com>
References: <4424efe20901240127r1ba45164h70553f4a8513c3d@mail.gmail.com>
Message-ID: <4A967EBA.5050909@effros.com>

25 to 30 people a day subscribe and unsubscribe.

If you are having a problem, it is probably on your own computer.  The
confirmation notice is probably going into your junk, trash or spam folder.

Without confirmation that you are you, and that you wish to be
subscribed or unsubscribed, the Forum gets spammed by people who aren't
you, phishing for information about you that we never release.

When you want to unsubscribe from the 5-Day Forum you must do it for
yourself.

It is the reverse of the process you used to subscribe:

1.  Go to the 5-DayForum website:

www.5-DayForum.com

2.  Click on the blue word "unsubscribe" on the left side of the home page.

3.  Fill in the email address of your subscription in the box provided.

4.  Follow the instructions.

Bill Effros
List Administrator




From Andy.Klee at ERPtips.com  Thu Aug 27 09:00:22 2009
From: Andy.Klee at ERPtips.com (Andy Klee)
Date: Thu, 27 Aug 2009 07:00:22 -0600
Subject: [5-DayForum] Very disappointing results!
In-Reply-To: <200908251614.n7PGE25D010938@omr7.networksolutionsemail.com>
Message-ID: <LJEOJANGFMFLOLOODJFGEEHLGAAA.Andy.Klee@ERPtips.com>

Bill would say, "you found out what value the market says your property is
worth today".  If you are sure that other comps are actually selling for
$600,000 then why not list it with an agent and sell it that way?  Or sell
it as a FSBO?

I'm preparing to do my first auction in a few weeks.  So far we listed it
with an agent at $498,000, dropped it to $398,000 recently and no showings
since May 1.   I had a certified appraiser do an appraisal and he said every
high end property in my area is listed $100,000 too high--so that's why we
did the big price drop.  I would not take less than $398,000 minus 6% at an
auction.  So we'll either succeed or hold on for another year.

Andy

  -----Original Message-----
  From:
5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co
m
[mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein
5days.com]On Behalf Of Barbara Spector
  Sent: Tuesday, August 25, 2009 10:13 AM
  To: 5-dayforum at mailman.howtosellyourhomein5days.com
  Subject: [5-DayForum] Very disappointing results!


  I followed the process in the book to the letter, advertised in 3
different media, had approximately 40 phone calls.  We advertised the
property for $354,500, expecting to get offers in the $600,000 range which
is where comparable properties are currently selling in this neighborhood.
The subject property is in great shape and shows very well.  About 20
couples showed up to view the property.  We had just 10 written bids by 5PM
on Sunday night.



  Almost everyone that came to the property to inspect it was an investor
looking for a "deal" or looking for a home for their kids who couldn't
qualify for a more expensive home.  The highest offer we got during the
bidding was $475,000!



  I'm thinking that we priced the home way too low, which encouraged
investor types to respond to the ad.  As you know, we are in a depressed
market, but nonetheless, the leap from an asking price of $324,500 to
somewhere in the $600,000 range is HUGE.



  Any advice?








               Barbara Spector, President
              415-456-1990 ext.4
              barb at smartmovesinc.com










  "Life is not measured by the number of breaths we take, but by the moments
  that take our breath away."  George Carlin


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From tomwilson64 at yahoo.com  Thu Aug 27 09:03:10 2009
From: tomwilson64 at yahoo.com (Tom Wilson)
Date: Thu, 27 Aug 2009 08:03:10 -0500
Subject: [5-DayForum] Very disappointing results!
In-Reply-To: <200908251614.n7PGE25D010938@omr7.networksolutionsemail.com>
References: <200908251614.n7PGE25D010938@omr7.networksolutionsemail.com>
Message-ID: <01ac01ca2716$bb4e11e0$31ea35a0$@com>

It sounds like you worked the process.  I would have a few questions.  First
did you enjoy the experience, did you feel like you were simply a referee
for bidders?  If you take an honest inventory, can you say that you were
both fully disclosing even beyond the inspection report and that whoever was
the main person to talk to those who came is someone who engenders absolute
trust from others and was fully doing that on the inspection days.

 

See, in my opinion, this is absolutely key.  If everyone who inspected got a
feeling of genuine trust that, if they had any inclination to bid, they did
so, then the market is just worse than you feared.  If for any reason any of
those who inspected the home had some reason (sometimes reasons you can't
control) to not feel the natural desire to bid because of something besides
the home, then it's possible the one or two real bidders got missed because
something told them it wasn't safe to bid.

 

I think I got lucky because I've always had the personality that puts people
at ease and lets them know everything is revealed and its all on the up and
up.  That's been my whole life.  For whatever reason, people have always
opened up to me.  I have no idea why. 

 

Assuming people who should have bid did, it's a simple process that with the
house priced at half, there weren't enough real buyers in the market on that
weekend which means that the market just wasn't there that weekend.  August
might be a bad month meaning there could be real buyers there, but most
might be busy getting their kids ready for school, shopping on a tax free
weekend or something else.  That's why it pays to be extremely strategic
about your weekend.

 

I don't think there was any fault in advertising at the price you did, the
magic number.  See, advertising a five-day sale is not comparable to other
real estate advertising so you can't compare it apples to apples.  Five-day
sale advertising is to attract attention, not to give readers of the ad an
idea of what you want.  Two totally separate concepts.  I can't say for
others, but I had just as many investors who wanted a steal as you did, but
I also had real bidders.  What I'm saying is that you will always have lots
who want a steal in any market, but if you really didn't have the real
buyers it's either a product of advertising not being seen by enough people
possibly due to the advertising source or to the particular weekend for
whatever reason . or . that the market is really not what you really hoped
it might be that weekend.

 

Sorry the result was disappointing, but if you did work it genuinely, it
does give you a good window into your market.

 

Good luck from here.

 

From:
5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.co
m
[mailto:5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein
5days.com] On Behalf Of Barbara Spector
Sent: Tuesday, August 25, 2009 11:13 AM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Very disappointing results!

 

I followed the process in the book to the letter, advertised in 3 different
media, had approximately 40 phone calls.  We advertised the property for
$354,500, expecting to get offers in the $600,000 range which is where
comparable properties are currently selling in this neighborhood.  The
subject property is in great shape and shows very well.  About 20 couples
showed up to view the property.  We had just 10 written bids by 5PM on
Sunday night.

 

Almost everyone that came to the property to inspect it was an investor
looking for a "deal" or looking for a home for their kids who couldn't
qualify for a more expensive home.  The highest offer we got during the
bidding was $475,000!  

 

I'm thinking that we priced the home way too low, which encouraged investor
types to respond to the ad.  As you know, we are in a depressed market, but
nonetheless, the leap from an asking price of $324,500 to somewhere in the
$600,000 range is HUGE.

 

Any advice?

 

 

 


	
  Barbara Spector, President  
415-456-1990 ext.4 
 <mailto:barb at smartmovesinc.com> barb at smartmovesinc.com


 


  

 

"Life is not measured by the number of breaths we take, but by the moments
that take our breath away."  George Carlin 

 

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From skyhighplanning at gmail.com  Thu Aug 27 09:43:54 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Thu, 27 Aug 2009 09:43:54 -0400
Subject: [5-DayForum] Very disappointing results!
In-Reply-To: <200908251614.n7PGE25D010938@omr7.networksolutionsemail.com>
References: <200908251614.n7PGE25D010938@omr7.networksolutionsemail.com>
Message-ID: <9D7A8216-DB36-4BD6-B2AD-E90DF0C46FF6@gmail.com>

Hello Barbara

I suggest you re-evaluate the comps & make sure they are recent &  
truly comparable.  If the value you have is accurate then it may be  
that the marketing was not aggressive enough.  This is critical to get  
results using this method.  If you have any other questions feel free  
to contact me.

Thanks

Carlos A. Chica
Investor/Real Estate Solutions Co.
Sky High Planning, Inc.
7380 Sand Lake Rd.  #500
Orlando, FL  32819
Office:  (407) 352-3220
Fax:      (407) 738-4816
Cell:      (646) 552-0107
skyhighplanning at gmail.com

Coming Soon:

www.SKYHIGHPLANNING.com

"It's kind of Fun to do the Impossible"

  -  Walt Disney

On Aug 25, 2009, at 12:12 PM, "Barbara Spector"  
<barb at smartmovesinc.com> wrote:

> I followed the process in the book to the letter, advertised in 3  
> different media, had approximately 40 phone calls.  We advertised  
> the property for $354,500, expecting to get offers in the $600,000  
> range which is where comparable properties are currently selling in  
> this neighborhood.  The subject property is in great shape and shows  
> very well.  About 20 couples showed up to view the property.  We had  
> just 10 written bids by 5PM on Sunday night.
>
>
>
> Almost everyone that came to the property to inspect it was an  
> investor looking for a ?deal? or looking for a home for their  
> kids who couldn?t qualify for a more expensive home.  The highest of 
> fer we got during the bidding was $475,000!
>
>
>
> I?m thinking that we priced the home way too low, which encouraged i 
> nvestor types to respond to the ad.  As you know, we are in a depres 
> sed market, but nonetheless, the leap from an asking price of $324,5 
> 00 to somewhere in the $600,000 range is HUGE.
>
>
>
> Any advice?
>
>
>
>
>
>
>
>
>   Barbara Spector, President
> 415-456-1990 ext.4
> barb at smartmovesinc.com
>
>
>
>
>
>
>
>
>
> "Life is not measured by the number of breaths we take, but by the  
> moments
> that take our breath away."  George Carlin
>
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From rosemarie-fred at mindspring.com  Thu Aug 27 10:58:17 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Thu, 27 Aug 2009 10:58:17 -0400
Subject: [5-DayForum] Very disappointing results!
References: <200908251614.n7PGE25D010938@omr7.networksolutionsemail.com>
Message-ID: <6A5A6058B3BE4E0D969FBAADD06E1F1B@rosemarifv6onv>

You haven't mentioned where you are? I think that may make a difference. "Investor types" will almost always respond - they make a living finding "deals." Don't be mad at them - they can make your sale by coming out and making bids, filling out the numbers, etc. Sometimes they may even be the buyer  you want!
Your price wasn't exactly as prescribed - 50% and then down to the next lower "magic number." I think if it's low enough, everyone is clear that they need to start the bidding there - it's kind of the starting point for the process. That number is not real, just the bait to get people through the door.
People have sold homes in the million dollar bracket using this method, so I don't think the size of the jump was the problem. 
There are so many variables that go into one of these sales. It's hard to know what happened. Maybe it was the weekend you chose - who knows!  Can you step back and look at what you said to the people to see if there was anything you might have done differently? I have mantioned on this forum before that I went to a sale where they had the teenagers answering the door and had I been an actual prospect I would not have entered the house - the kids were not at all welcoming. That sale failed, even though they did everything by the book; I think it was the welcoming party!
I would run the sale again with a price of $299,900. Advertise on Craig's list and Postlets (free!) and see if you have any better luck.  
Have you had the home listed with a realtor? If the 5-day method doesn't work for you, then I guess that's what you will need to do.
I am so sorry - this method does not guarantee that you will get full price for your house - just that you will get an offer, which you did. Some folks are so desperate to get out of their mortgage that they will go to the bank with that offer and see if the bank will accept it. 
I hope you end up successfully!
Rosemarie
  ----- Original Message ----- 
  From: Barbara Spector 
  To: 5-dayforum at mailman.howtosellyourhomein5days.com 
  Sent: Tuesday, August 25, 2009 12:12 PM
  Subject: [5-DayForum] Very disappointing results!


  I followed the process in the book to the letter, advertised in 3 different media, had approximately 40 phone calls.  We advertised the property for $354,500, expecting to get offers in the $600,000 range which is where comparable properties are currently selling in this neighborhood.  The subject property is in great shape and shows very well.  About 20 couples showed up to view the property.  We had just 10 written bids by 5PM on Sunday night.

   

  Almost everyone that came to the property to inspect it was an investor looking for a "deal" or looking for a home for their kids who couldn't qualify for a more expensive home.  The highest offer we got during the bidding was $475,000!  

   

  I'm thinking that we priced the home way too low, which encouraged investor types to respond to the ad.  As you know, we are in a depressed market, but nonetheless, the leap from an asking price of $324,500 to somewhere in the $600,000 range is HUGE.

   

  Any advice?

   

   

   


               Barbara Spector, President  
              415-456-1990 ext.4 
              barb at smartmovesinc.com

             
               
             
                
              
             

       

  "Life is not measured by the number of breaths we take, but by the moments
  that take our breath away."  George Carlin 

   



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From jcrafor at hotmail.com  Fri Aug 28 06:26:46 2009
From: jcrafor at hotmail.com (j crafor)
Date: Fri, 28 Aug 2009 10:26:46 +0000
Subject: [5-DayForum] Very disappointing results!
In-Reply-To: <200908251614.n7PGE25D010938@omr7.networksolutionsemail.com>
References: <200908251614.n7PGE25D010938@omr7.networksolutionsemail.com>
Message-ID: <SNT116-W502E15A402F1B9DBFF672BAEF50@phx.gbl>


 


 
Some things to consider--see below:
 
 
I followed the process in the book to the letter, ? approximately 40 phone calls.  We advertised the property for $354,500, expecting to get offers in the $600,000 range ? We had just 10 written bids by 5PM on Sunday night.
 
I recently advertised both a five day sale and a for sale by owner on my former residence (I moved into my rental). I got one response for the 5day, and two for the fsbo. I am under contract (and hoping for back-up offers J) and expect to close before the end of September. The sale price was, I think, higher than would have been bid at a 5day.
 
Almost everyone that came ? was an investor looking for a ?deal? or looking for a home for their kids ?.  The highest offer we got ? was $475,000!  
When I did my first 5day in January 2009, my results were similar. Nice house, nice curb appeal, etc. Most real buyers ?those who wanted it for themselves?came expecting a disaster in the first place, but in a good area, then hoping to buy for the advertised price, or just above or in several cases, below. The investors immediately bid their best price?what they could rent it for at a positive cash flow. Three people bid beyond that, but not by much, and they wanted it for themselves, too. The top bid was still 30K below recent neighborhood comps, below what I could take for it. I did not sell.
 
A couple of years ago, in the archives, I believe it was in a December, two people were talking about auctions: ...people SELL at auction hoping to get more money than a standard sale would bring, while others GO to buy at auctions, expecting to pay for much less than standard sale price. 
 
The other fellow said that sale prices at auction are typically 20% OR MORE, less than what a standard sale would get. 
 
 
I?m thinking that we priced the home way too low, which encouraged investor types to respond to the ad.  ... the leap from an asking price of $_____to somewhere in the $____ range is HUGE.
Any advice?
Some people have been adding that (20%) onto their price before cutting it in half, to make up for that loss. Read back over the last several months in the archives, you may get more understanding.
 
Though I didn?t sell either house via the 5day sale, I did get the information, support, knowledge, and confidence to do an FSBO successfully. I did not get the price I listed (flat fee) on the local MLS, but considering that I did not pay any realtor fee, I did sell for about 88% of it. I had it listed at 149,500, and I sold for 130,500. Personally I believe that is several thousand higher than I would have seen bid at auction. (20% lower would have been about 120K). Yes, the buyers got a really good deal. 
  
If I had sold for 149,500, 6% is 8970, which would give me $140,530. Agents have shown the house to about 25-30 people, resulting in one offer I turned down,(about 125K) and this is with agent incentives and stressing I will consider all reasonable offers. 
 
The buyer indicated she saw the ad on Craigslist, but it could have been via my yard sign: they are renting just up the street.  Their original offer was for 140K, but they couldn?t get the money. They offered way less, and I said no, so they did come up to 130, and I?m glad to have that.
 
I?m in Tucson, AZ, one of the areas really hard hit by overbuilding and few employment opportunities. 
 
Advice? 
Bill?s book includes most of the information one really needs to sell ?by owner?. Consider doing that. I will, in another year, when I put the one I?m living in now, up for sale. I would also suggest these two things if you do that: 
I paid to be listed on Owner.com, and I would not do that again. I would go with a local flat fee lister?be careful of the terms?for almost half that cost. In this economy, for my area, Owner.com did not help me at all. 
The other is the sales contract: We originally used the one the title company gave me, which might have been okay, as the buyers expected to be able to close in a couple of weeks. That didn?t happen. My suggestion is to get a (local) real estate purchase/sale contract, that 12 pages of small print, and go through it pulling out certain protections to put into your ?addendum? to the title co contract. When we had to extend the contract because of the cut-off date, I did go through a standard contract, and pulled out about 12 points to include, one of which was a ?time is of the essence? clause.
 
I chose to sell by owner because I did not want tied into a 9 month contract with an agent, with all her requirements, with no real guarantee it would sell. I listed flat fee in June, I think, and expect to close in a few weeks.  
I am taking back up offers. Are you interested? 
Best wishes to you in whatever path you decide on now.
JCrafor
 
_________________________________________________________________
With Windows Live, you can organize, edit, and share your photos.
http://www.windowslive.com/Desktop/PhotoGallery
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From barb at smartmovesinc.com  Fri Aug 28 17:28:04 2009
From: barb at smartmovesinc.com (Barbara Spector)
Date: Fri, 28 Aug 2009 14:28:04 -0700
Subject: [5-DayForum] Very disappointing results!
In-Reply-To: <SNT116-W502E15A402F1B9DBFF672BAEF50@phx.gbl>
Message-ID: <200908282128.n7SLSN8j031698@omr15.networksolutionsemail.com>

Thanks for your comments.  At least I'm not alone.  The book makes it sound
like the system works every time.  Obviously that is NOT the case.

 

Barbara Spector, President

Smart HR Moves, Inc. dba SmartMoves

415-456-1990 ext. 4

www.smartmovesinc.com

  _____  

From: j crafor [mailto:jcrafor at hotmail.com] 
Sent: Friday, August 28, 2009 3:27 AM
To: 5-dayforum at mailman.how tosellyour home
Subject: Re: [5-DayForum] Very disappointing results!

 

 

 

Some things to consider--see below:

 

 

I followed the process in the book to the letter, . approximately 40 phone
calls.  We advertised the property for $354,500, expecting to get offers in
the $600,000 range . We had just 10 written bids by 5PM on Sunday night.

 

I recently advertised both a five day sale and a for sale by owner on my
former residence (I moved into my rental). I got one response for the 5day,
and two for the fsbo. I am under contract (and hoping for back-up offers
:-)) and expect to close before the end of September. The sale price was, I
think, higher than would have been bid at a 5day.

 

Almost everyone that came . was an investor looking for a "deal" or looking
for a home for their kids ..  The highest offer we got . was $475,000!  

When I did my first 5day in January 2009, my results were similar. Nice
house, nice curb appeal, etc. Most real buyers -those who wanted it for
themselves-came expecting a disaster in the first place, but in a good area,
then hoping to buy for the advertised price, or just above or in several
cases, below. The investors immediately bid their best price-what they could
rent it for at a positive cash flow. Three people bid beyond that, but not
by much, and they wanted it for themselves, too. The top bid was still 30K
below recent neighborhood comps, below what I could take for it. I did not
sell.

 

A couple of years ago, in the archives, I believe it was in a December, two
people were talking about auctions: ...people SELL at auction hoping to get
more money than a standard sale would bring, while others GO to buy at
auctions, expecting to pay for much less than standard sale price. 

 

The other fellow said that sale prices at auction are typically 20% OR MORE,
less than what a standard sale would get. 

 

 

I'm thinking that we priced the home way too low, which encouraged investor
types to respond to the ad.  ... the leap from an asking price of $_____to
somewhere in the $____ range is HUGE.

Any advice?

Some people have been adding that (20%) onto their price before cutting it
in half, to make up for that loss. Read back over the last several months in
the archives, you may get more understanding.

 

Though I didn't sell either house via the 5day sale, I did get the
information, support, knowledge, and confidence to do an FSBO successfully.
I did not get the price I listed (flat fee) on the local MLS, but
considering that I did not pay any realtor fee, I did sell for about 88% of
it. I had it listed at 149,500, and I sold for 130,500. Personally I believe
that is several thousand higher than I would have seen bid at auction. (20%
lower would have been about 120K). Yes, the buyers got a really good deal. 

  

If I had sold for 149,500, 6% is 8970, which would give me $140,530. Agents
have shown the house to about 25-30 people, resulting in one offer I turned
down,(about 125K) and this is with agent incentives and stressing I will
consider all reasonable offers. 

 

The buyer indicated she saw the ad on Craigslist, but it could have been via
my yard sign: they are renting just up the street.  Their original offer was
for 140K, but they couldn't get the money. They offered way less, and I said
no, so they did come up to 130, and I'm glad to have that.

 

I'm in Tucson, AZ, one of the areas really hard hit by overbuilding and few
employment opportunities. 

 

Advice? 

Bill's book includes most of the information one really needs to sell "by
owner". Consider doing that. I will, in another year, when I put the one I'm
living in now, up for sale. I would also suggest these two things if you do
that: 

I paid to be listed on Owner.com, and I would not do that again. I would go
with a local flat fee lister-be careful of the terms-for almost half that
cost. In this economy, for my area, Owner.com did not help me at all. 

The other is the sales contract: We originally used the one the title
company gave me, which might have been okay, as the buyers expected to be
able to close in a couple of weeks. That didn't happen. My suggestion is to
get a (local) real estate purchase/sale contract, that 12 pages of small
print, and go through it pulling out certain protections to put into your
"addendum" to the title co contract. When we had to extend the contract
because of the cut-off date, I did go through a standard contract, and
pulled out about 12 points to include, one of which was a "time is of the
essence" clause.

 

I chose to sell by owner because I did not want tied into a 9 month contract
with an agent, with all her requirements, with no real guarantee it would
sell. I listed flat fee in June, I think, and expect to close in a few
weeks.  

I am taking back up offers. Are you interested? 

Best wishes to you in whatever path you decide on now.

JCrafor

 

 

  _____  

With Windows Live, you can organize, edit, and share your photos. Click
<http://www.windowslive.com/Desktop/PhotoGallery>  here.

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From barrettai at aol.com  Fri Aug 28 17:58:03 2009
From: barrettai at aol.com (barrettai at aol.com)
Date: Fri, 28 Aug 2009 17:58:03 -0400
Subject: [5-DayForum] Very disappointing results!
In-Reply-To: <200908282128.n7SLSN8j031698@omr15.networksolutionsemail.com>
Message-ID: <8CBF641BFFD94AD-10B0-97F5@webmail-m015.sysops.aol.com>


It will work everytime.? You just don;t necessarily get the price you're looking for.



If done correctly, the market will "speak to you."? You just may not like what it has to say.



Best of luck,



Kyle Cascioli

www.AuctionBySeller.com 


-----Original Message-----
From: Barbara Spector <barb at smartmovesinc.com>
To: 'How To Sell Your Home in 5-Days' <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Fri, Aug 28, 2009 4:28 pm
Subject: Re: [5-DayForum] Very disappointing results!





Thanks for your comments.? At least I?m not alone. ?The book makes it sound like the system works every time. ?Obviously that is NOT the case.

?


Barbara Spector, President

Smart HR Moves, Inc. dba SmartMoves

415-456-1990 ext. 4

www.smartmovesinc.com





From: j crafor [mailto:jcrafor at hotmail.com] 
Sent: Friday, August 28, 2009 3:27 AM
To: 5-dayforum at mailman.how tosellyour home
Subject: Re: [5-DayForum] Very disappointing results!


?

?


?

Some things to consider--see below:

?

?

I followed the process in the book to the letter, ? approximately 40 phone calls.? We advertised the property for $354,500, expecting to get offers in the $600,000 range ? We had just 10 written bids by 5PM on Sunday night.

?

I recently advertised both a five day sale and a for sale by owner on my former residence (I moved into my rental). I got one response for the 5day, and two for the fsbo. I am under contract (and hoping for 
back-up offers J) and expect to close before the end of September. The sale price was, I think, higher than would have been bid at a 5day.

?

Almost everyone that came ? was an investor looking for a ?deal? or looking for a home for their kids ?.? The highest offer we got ? was $475,000!? 

When I did my first 5day in January 2009, my results were similar. Nice house, nice curb appeal, etc. Most real buyers ?those who wanted it for themselves?came expecting a disaster in the first place, but in a good area, then hoping to buy for the advertised price, or just above or in several cases, below. The investors immediately bid their best price?what they could rent it for at a positive cash flow. Three people bid beyond that, but not by much, and they wanted it for themselves, too. The top bid was still 30K below recent neighborhood comps, below what I could take for it. I did not sell.

?

A couple of years ago, in the archives, I believe it was in a December, two people were talking about auctions: ...people SELL at auction hoping to get more money than a standard sale would bring, while others GO to buy at auctions, expecting to pay for much less than standard sale price. 

?

The other fellow said that sale prices at auction are typically 20% OR?MORE, less?than what a standard sale would get. 

?

?

I?m thinking that we priced the home way too low, which encouraged inve
stor types to respond to the ad.? ... the leap from an asking price of $_____to somewhere in the $____ range is HUGE.

Any advice?

Some people have been adding that (20%) onto their price before cutting it in half, to make up for that loss. Read back over the last several months in the archives, you may get more understanding.

?

Though I didn?t sell either house via the 5day sale, I did get the information, support, knowledge, and confidence to do an FSBO successfully. I did not get the price I listed (flat fee) on the local MLS, but considering that I did not pay any realtor fee, I did sell for about 88% of it. I had it listed at 149,500, and I sold for 130,500. Personally I believe that is several thousand higher than I would have seen bid at auction. (20% lower would have been about 120K). Yes, the buyers got a really good deal. 

??

If I had sold for 149,500, 6% is 8970, which would give me $140,530. Agents have shown the house to about 25-30 people, resulting in one offer I turned down,(about 125K) and this is with agent incentives and stressing I will consider all reasonable offers. 

?

The buyer indicated she saw the ad on Craigslist, but it could have been via my yard sign: they are renting just up the street.? Their original offer was for 140K, but they couldn?t get the money. They offered way less, and I said no, so they did come up to 130, and I?m glad to have that.

?

I?m in Tucs
on, AZ, one of the areas really hard hit by overbuilding and few employment opportunities. 

?

Advice? 

Bill?s book includes most of the information one really needs to sell ?by owner?. Consider doing that. I will, in another year, when I put the one I?m living in now, up for sale. I would also suggest these two things if you do that: 

I paid to be listed on Owner.com, and I would not do that again. I would go with a local flat fee lister?be careful of the terms?for almost half that cost. In this economy, for my area, Owner.com did not help me at all. 

The other is the sales contract: We originally used the one the title company gave me, which might have been okay, as the buyers expected to be able to close in a couple of weeks. That didn?t happen. My suggestion is to get a (local) real estate purchase/sale contract, that 12 pages of small print, and go through it pulling out certain protections to put into your ?addendum? to the title co contract. When we had to extend the contract because of the cut-off date, I did go through a standard contract, and pulled out about 12 points to include, one of which was a ?time is of the essence? clause.

?

I chose to sell by owner because I did not want tied into a 9 month contract with an agent, with all her requirements, with no real guarantee it would sell. I listed flat fee in June, I think, and expect to close in a few weeks.
 

I am taking back up offers. Are you interested? 

Best wishes to you in whatever path you decide on now.

JCrafor

?


?



With Windows Live, you can organize, edit, and share your photos. Click here.




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From hhsamcox at yahoo.com  Fri Aug 28 18:10:49 2009
From: hhsamcox at yahoo.com (Sam Cox)
Date: Fri, 28 Aug 2009 15:10:49 -0700 (PDT)
Subject: [5-DayForum] Not Enough Interest To Hold Auction!
In-Reply-To: <SNT116-W14B81E1FF0C5F90453D6DAEFD0@phx.gbl>
Message-ID: <938823.95343.qm@web50504.mail.re2.yahoo.com>

First, l screwed up and let my co-owners talk me into a higher price than I thought the book dictated. We managed to get it changed in the paper the next day, but it will not show in the ads until Saturday. The paper had a server failure or malfunction?the day the ad was supposed to run,?so the online classified?ads did not start until Friday at 1PM. We used an 800 number to help manage the time the phone had to be manned, but people appear to be afraid of talking to a Realtor as insinuated by the message on the 800 call in number. The Craigslist and other on-line ads were the only thing that operated without an hitch and even there, there was more Realtor response trying to get a listing than buyers to see the house.?We've decided to halt the 5-day after 8PM tonight and regroup for the week after Labor Day. 
?
Any thoughts or suggestions as to how we can make this work at that time would be greatly appreciated.
?
Sam C.

--- On Thu, 8/20/09, j crafor <jcrafor at hotmail.com> wrote:


From: j crafor <jcrafor at hotmail.com>
Subject: Re: [5-DayForum] SOLD!
To: "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, August 20, 2009, 6:21 PM




#yiv2097828687 .hmmessage P
{
margin:0px;padding:0px;}
#yiv2097828687 {
font-size:10pt;font-family:Verdana;}

"Bill, though I didn't use your system to sell, it was you and your book and this forum that gave me confidence that I could do it myself. It was you and your book and this forum that told me how, what steps to take, and when, and I'm grateful."
?
I'd like to say FIRST, that it was your book that told me HOW to?sell my house, the steps, and the whens, then you all supported, helped, guided, chided, etc, and gave me the CONFIDENCE.
Thank you.
JCrafor
?


Date: Thu, 20 Aug 2009 17:34:55 -0400
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] SOLD!

Jcrafor,

Congratulations!

You did what you had to do, and took the current market value.? That is really the only point.

Tuscon is one tough market right now, and it's good to know anyone can do anything in this climate.

You worked hard on this, and you earned your success.

Bill Effros
Author

j crafor wrote: 


#yiv2097828687 .ExternalClass .EC_hmmessage P
{padding:0px;}
#yiv2097828687 .ExternalClass body.EC_hmmessage
{font-size:10pt;font-family:Verdana;}

I signed papers on my house in Tucson this morning. 
Because I had such low response to the 5Day sale ad, (1 email) and not much more from the open house ad, I didn't do a 5Day. But, one of the people who saw the sign on the yard called several weeks ago, and they are buying it. We hope to close?by the end of August, which apparently we should be able to do, as they already had their loan?in process. They are happy with the? inspection I had done for a 5Day sale, but the lender may need other inspections. 
These folks are really pleased, and I'm pleased with them. I got the best price I could, and am confident this is good. 
?
Bill, though I didn't use your system to sell, it was you and your book and this forum that gave me confidence that I could do it myself. It was you and your book and this forum that told me how, what steps to take, and when, and I'm grateful.
?
Thank you all. OH, I'm taking back-up offers in case anyone is interested!
Jcrafor
?



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Get back to school stuff for them and cashback for you. Try BingT now. 
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From jcrafor at hotmail.com  Fri Aug 28 18:22:41 2009
From: jcrafor at hotmail.com (j crafor)
Date: Fri, 28 Aug 2009 22:22:41 +0000
Subject: [5-DayForum] Very disappointing results!
In-Reply-To: <8CBF641BFFD94AD-10B0-97F5@webmail-m015.sysops.aol.com>
References: <200908282128.n7SLSN8j031698@omr15.networksolutionsemail.com>
	<8CBF641BFFD94AD-10B0-97F5@webmail-m015.sysops.aol.com>
Message-ID: <SNT116-W54138AA5BCC7A6FE2CFFD3AEF50@phx.gbl>


It DID speak to me, saying do it differently. 

ONE person, out of a pop of over  a million, responded to my 5day sale ad. The market said, we're not interested...

 

I did do it differently, and got it sold. 

JCrafor


 


To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Fri, 28 Aug 2009 17:58:03 -0400
From: barrettai at aol.com
Subject: Re: [5-DayForum] Very disappointing results!


It will work everytime.  You just don;t necessarily get the price you're looking for.
 
If done correctly, the market will "speak to you."  You just may not like what it has to say.
 
Best of luck,
 
Kyle Cascioli
www.AuctionBySeller.com 


-----Original Message-----
From: Barbara Spector <barb at smartmovesinc.com>
To: 'How To Sell Your Home in 5-Days' <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Fri, Aug 28, 2009 4:28 pm
Subject: Re: [5-DayForum] Very disappointing results!






Thanks for your comments.  At least I?m not alone.  The book makes it sound like the system works every time.  Obviously that is NOT the case.
 

Barbara Spector, President
Smart HR Moves, Inc. dba SmartMoves=0 A 
415-456-1990 ext. 4
www.smartmovesinc.com




From: j crafor [mailto:jcrafor at hotmail.com] 
Sent: Friday, August 28, 2009 3:27 AM
To: 5-dayforum at mailman.how tosellyour home
Subject: Re: [5-DayForum] Very disappointing results!
 
 

 
Some things to consider--see below:
 
 
I followed the process in the book to the letter, ? approximately 40 phone calls.  We advertised the property for $354,500, expecting to get offers in the $600,000 range ? We had just 10 written bids by 5PM on Sunday night.
 
I recently advertised both a five day sale and a for sale by owner on my former residence (I moved into my rental). I got one response for the 5day, and two for the fsbo. I am under contract (and hoping for back-up offers J) and expect to close before the end of September. The sale price was, I think, higher than would have been bid at a 5day.
 
Almost everyone that came ? was an investor looking for a ?deal? or looking for a home for their kids ?.  The highest offer we got ? was $475,000!  
When I did my first 5day in January 2009, my results were similar. Nice house, nice curb appeal, etc. Most real buyers ?those who wanted it for themselves?came expecting a disaster in the first place, but in a good area, then hoping to buy for the advertised price, or just above or in several cases, below. The investors immediately bid their best price?what they could rent it for at a positive cash flow. Three people bid beyond that, but not by much, and they wanted it for themselves, too. The top bid was still 30K below recent neighborhood comps, below what I could take for it. I did not sell.
 
A couple of years ago, in the archives, I believe it was in a December, two people were talking about auctions: ...people SELL at auction hoping to get more money than a standard sale would bring, while others GO to buy at auctions, expecting to pay for much less than standard sale price. 
 
The other fellow said that sale prices at auction are typically 20% OR MORE, less than what a standard sale would get. 
 
 
I?m thinking that we priced the home way too low, which encouraged investor types to respond to the ad.  ... the leap from an asking price of $_____to somewhere in the $____ range is HUGE.
Any advice?
Some people have been adding that (20%) onto their price before cutting it in half, to make up for that loss. Read back over the last several months in the archives, you may get more understanding.
 
Though I didn?t sell either house via the 5day sale, I did get the information, support, knowledge, and confidence to do an FSBO successfully. I did not get the price I listed (flat fee) on the local MLS, but considering that I did not pay any realtor fee, I did sell for about 88% of it. I had it listed at 149,500, and I sold for 130,500. Personally I believe that is several thousand higher than I would have seen bid at auction. (20% lower would have been about 120K). Yes, the buyers got a really good deal. 
  
If I had sold for 149,500, 6% is 8970, which would give me $140,530. Agents have show n the house to about 25-30 people, resulting in one offer I turned down,(about 125K) and this is with agent incentives and stressing I will consider all reasonable offers. 
 
The buyer indicated she saw the ad on Craigslist, but it could have been via my yard sign: they are renting just up the street.  Their original offer was for 140K, but they couldn?t get the money. They offered way less, and I said no, so they did come up to 130, and I?m glad to have that.
 
I?m in Tucson, AZ, one of the areas really hard hit by overbuilding and few employment opportunities. 
 
Advice? 
Bill?s book includes most of the information one really needs to sell ?by owner?. Consider doing that. I will, in another year, when I put the one I?m living in now, up for sale. I would also suggest these two things if you do that: 
I paid to be listed on Owner.com, and I would not do that again. I would go with a local flat fee lister?be careful of the terms?for almost half that cost. In this economy, for my area, Owner.com did not help me at all. 
The other is the sales contract: We originally used the one the title company gave me, which might have been okay, as the buyers expected to be able to close in a couple of weeks. That didn?t happen. My suggestion is to get a (local) real estate purchase/sale contract, that 12 pages of small print, and go through it pulling out certain protections to put into your ?addendum? to the title co contract. When we had to extend the contract because of the cut-off date, I did go through a standard contract, and pulled out about 12 points to include, one of which was a ?time is of the essence? clause.
 
I chose to sell by owner because I did not want tied into a 9 month contract with an agent, with all her requirements, with no real guarantee it would sell. I listed flat fee in June, I think, and expect to close in a few weeks.  
I am taking back up offers. Are you interested? 
Best wishes to you in whatever path you decide on now.
JCrafor
 
 



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From hhsamcox at yahoo.com  Fri Aug 28 18:28:02 2009
From: hhsamcox at yahoo.com (Sam Cox)
Date: Fri, 28 Aug 2009 15:28:02 -0700 (PDT)
Subject: [5-DayForum] Very disappointing results!
In-Reply-To: <SNT116-W54138AA5BCC7A6FE2CFFD3AEF50@phx.gbl>
Message-ID: <498418.86021.qm@web50508.mail.re2.yahoo.com>

First, l screwed up and let my co-owners talk me into a higher price than I thought the book dictated. We managed to get it changed in the paper the next day, but it will not show in the ads until Saturday. The paper had a server failure or malfunction the day the ad was supposed to run, so the online classified ads did not start until Friday at 1PM. We used an 800 number to help manage the time the phone had to be manned, but people appear to be afraid of talking to a Realtor as insinuated by the message on the 800 call in number. The Craigslist and other on-line ads were the only thing that operated without an hitch and even there, there was more Realtor response trying to get a listing than buyers to see the house. We've decided to halt the 5-day after 8PM tonight and regroup for the week after Labor Day. 
 
Any thoughts or suggestions as to how we can make this work at that time would be greatly appreciated.
 
Sam C.

 


--- On Fri, 8/28/09, j crafor <jcrafor at hotmail.com> wrote:

> From: j crafor <jcrafor at hotmail.com>
> Subject: Re: [5-DayForum] Very disappointing results!
> To: "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Friday, August 28, 2009, 6:22 PM
> 
> 
> 
> #yiv1129826445 .hmmessage P
> {
> margin:0px;padding:0px;}
> #yiv1129826445 {
> font-size:10pt;font-family:Verdana;}
> 
> 
>  
> It DID speak to me, saying do it differently. 
> 
> ONE person, out of a pop of over? a million, responded
> to my 5day sale ad. The market said, we're not
> interested...
> 
> ?
> 
> I did do it differently, and got it sold. 
> 
> JCrafor
> 
> 
> ?
> 
> 
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Fri, 28 Aug 2009 17:58:03 -0400
> From: barrettai at aol.com
> Subject: Re: [5-DayForum] Very disappointing results!
> 
> 
> It will work everytime.? You just don;t
> necessarily get the price you're looking for.
> ?
> If done correctly, the market will "speak to
> you."? You just may not like what it has to
> say.
> ?
> Best of luck,
> ?
> Kyle Cascioli
> www.AuctionBySeller.com
> 
> 
> 
> -----Original Message-----
> From: Barbara Spector <barb at smartmovesinc.com>
> To: 'How To Sell Your Home in 5-Days'
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Fri, Aug 28, 2009 4:28 pm
> Subject: Re: [5-DayForum] Very disappointing results!
> 
> 
> 
> 
> #yiv1129826445 .ExternalClass
> #EC_AOLMsgPart_3_2674e556-ebe3-4b08-a57f-b893cd632e17
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> 
> 
> Thanks
> for your comments.? At least I?m not alone. ?The
> book makes it sound like the system works every time.
> ?Obviously that is NOT the case.
> ?
> 
> Barbara Spector,
> President
> Smart HR Moves, Inc. dba
> SmartMoves=0 A 
> 415-456-1990 ext.
> 4
> www.smartmovesinc.com
> 
> 
> 
> 
> From: j crafor [mailto:jcrafor at hotmail.com]
> 
> Sent: Friday,
> August 28, 2009 3:27 AM
> To: 5-dayforum at mailman.how
> tosellyour home
> Subject: Re:
> [5-DayForum] Very disappointing
> results!
> ?
> ?
> 
> ?
> Some things to
> consider--see below:
> ?
> ?
> I followed the process
> in the book to the letter, ? approximately 40 phone
> calls.? We advertised the property for $354,500,
> expecting to get offers in the $600,000 range ? We had
> just 10 written bids by 5PM on Sunday
> night.
> ?
> I recently advertised
> both a five day sale and a for sale by owner on my former
> residence (I moved into my rental). I got one
> response for the 5day, and two for the fsbo. I am under
> contract (and hoping for back-up offers J) and expect to close before the end of
> September. The sale price was, I think, higher than would
> have been bid at a 5day.
> ?
> Almost everyone that
> came ? was an investor looking for a ?deal? or looking
> for a home for their kids ?.? The highest offer we
> got ? was $475,000!? 
> When I did my first 5day
> in January 2009, my results were similar. Nice house, nice
> curb appeal, etc. Most real buyers ?those who wanted it
> for themselves?came expecting a disaster in the first
> place, but in a good area, then hoping to buy for the
> advertised price, or just above or in several cases, below.
> The investors immediately bid their best price?what they
> could rent it for at a positive cash flow. Three people bid
> beyond that, but not by much, and they wanted it for
> themselves, too. The top bid was still 30K below recent
> neighborhood comps, below what I could take for it. I did
> not sell.
> ?
> A couple of years ago,
> in the archives, I believe it was in a December, two people
> were talking about auctions: ...people SELL at auction
> hoping to get more money than a standard sale would bring,
> while others GO to buy at auctions, expecting to pay for
> much less than standard sale price. 
> ?
> The other fellow said
> that sale prices at auction are typically 20% OR?MORE,
> less?than what a standard sale would get.
> 
> ?
> ?
> I?m thinking that we
> priced the home way too low, which encouraged investor types
> to respond to the ad.? ... the leap from an asking
> price of $_____to somewhere in the $____ range is
> HUGE.
> Any advice?
> Some people have been
> adding that (20%) onto their price before cutting it in
> half, to make up for that loss. Read back over the last
> several months in the archives, you may get more
> understanding.
> ?
> Though I didn?t sell
> either house via the 5day sale, I did get the information,
> support, knowledge, and confidence to do an FSBO
> successfully. I did not get the price I listed (flat fee) on
> the local MLS, but considering that I did not pay any
> realtor fee, I did sell for about 88% of it. I had it listed
> at 149,500, and I sold for 130,500. Personally I believe
> that is several thousand higher than I would have seen bid
> at auction. (20% lower would have been about 120K). Yes, the
> buyers got a really good deal. 
> ??
> If I had sold for
> 149,500, 6% is 8970, which would give me $140,530. Agents
> have show n the house to about 25-30 people, resulting in
> one offer I turned down,(about 125K) and this is with agent
> incentives and stressing I will consider all reasonable
> offers. 
> ?
> The buyer indicated she
> saw the ad on Craigslist, but it could have been via my yard
> sign: they are renting just up the street.? Their
> original offer was for 140K, but they couldn?t get the
> money. They offered way less, and I said no, so they did
> come up to 130, and I?m glad to have
> that.
> ?
> I?m in Tucson, AZ, one
> of the areas really hard hit by overbuilding and few
> employment opportunities. 
> ?
> Advice?
> 
> Bill?s book includes most of the
> information one really needs to sell ?by owner?.
> Consider doing that. I will, in another year, when I put the
> one I?m living in now, up for sale. I would also suggest
> these two things if you do that: 
> I paid to be listed on
> Owner.com, and I would not do that again. I would go with a
> local flat fee lister?be careful of the terms?for almost
> half that cost. In this economy, for my area, Owner.com did
> not help me at all. 
> The other is the sales
> contract: We originally used the one the title company gave
> me, which might have been okay, as the buyers expected to be
> able to close in a couple of weeks. That didn?t happen. My
> suggestion is to get a (local) real estate purchase/sale
> contract, that 12 pages of small print, and go through it
> pulling out certain protections to put into your
> ?addendum? to the title co contract. When we had to
> extend the contract because of the cut-off date, I did go
> through a standard contract, and pulled out about 12 points
> to include, one of which was a ?time is of the essence?
> clause.
> ?
> I chose to sell by owner
> because I did not want tied into a 9 month contract with an
> agent, with all her requirements, with no real guarantee it
> would sell. I listed flat fee in June, I think, and expect
> to close in a few weeks.? 
> I am taking back up
> offers. Are you interested? 
> Best wishes to you in
> whatever path you decide on now.
> JCrafor
> ?
> ?
> 
> 
> 
> With Windows
> Live, you can organize, edit, and share your photos. Click
> here.
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
> Windows Live: Make it easier
> for your friends to see what you?re up to on Facebook. Find
> out more. 
> 
> -----Inline Attachment Follows-----
> 
> _______________________________________________
> 5-DayForum mailing list
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> 


From Janetislight at aol.com  Fri Aug 28 18:32:45 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Fri, 28 Aug 2009 18:32:45 EDT
Subject: [5-DayForum] Very disappointing results!
Message-ID: <cc9.5990141d.37c9b50d@aol.com>

Barbara
 
I've deduced that your three real buyers may or may not be ready the  
weekend that you pick.  I received calls afterward from people who would  have 
paid more, but they didn't hear about it until after all was said and  done.
 
Therefore, if you can hold on to a property a while, then I say try again  
in a month or so.  Your buyers may be looking at that time.
 
I also agree with the starting price should be a bit higher.  As long  as 
it's a number that shocks the senses, then I don't believe it matters.   No 
one knows what house it is or where until after they have talked with  you.
 
Sorry you had a bad experience.  Better luck ahead!
 
Janet
 
 
In a message dated 8/28/2009 4:29:51 P.M. Central Daylight Time,  
barb at smartmovesinc.com writes:

 
Thanks for your  comments.  At least I?m not alone.  The book makes it 
sound like the  system works every time.  Obviously that is NOT the  case. 
 
Barbara  Spector, President 
Smart HR  Moves, Inc. dba SmartMoves 
415-456-1990  ext. 4 
www.smartmovesinc.com
 
  
____________________________________
 
From: j  crafor [mailto:jcrafor at hotmail.com] 
Sent: Friday, August 28, 2009 3:27  AM
To: 5-dayforum at mailman.how  tosellyour home
Subject: Re:  [5-DayForum] Very disappointing results!
 
Some things to consider--see  below: 
I followed the process in the book to  the letter, ? approximately 40 phone 
calls.  We advertised the property  for $354,500, expecting to get offers 
in the $600,000 range ? We had just 10  written bids by 5PM on Sunday night. 
I recently advertised both a five day  sale and a for sale by owner on my 
former residence (I moved into my rental).  I got one response for the 5day, 
and two for the fsbo. I am under  contract (and hoping for back-up offers J) 
and expect to close before the end of  September. The sale price was, I 
think, higher than would have been bid at a  5day. 
Almost everyone that came ? was an  investor looking for a ?deal? or 
looking for a home for their kids ?.   The highest offer we got ? was $475,000!  
 
When I did my first 5day in January  2009, my results were similar. Nice 
house, nice curb appeal, etc. Most real  buyers ?those who wanted it for 
themselves?came expecting a disaster in the  first place, but in a good area, 
then hoping to buy for the advertised price,  or just above or in several 
cases, below. The investors immediately bid their  best price?what they could 
rent it for at a positive cash flow. Three people  bid beyond that, but not by 
much, and they wanted it for themselves, too. The  top bid was still 30K 
below recent neighborhood comps, below what I could take  for it. I did not 
sell. 
A couple of years ago, in the archives,  I believe it was in a December, 
two people were talking about auctions:  ...people SELL at auction hoping to 
get more money than a standard sale would  bring, while others GO to buy at 
auctions, expecting to pay for much less than  standard sale price.  
The other fellow said that sale prices  at auction are typically 20% OR 
MORE, less than what a standard sale  would get.  
I?m thinking that we priced the home way  too low, which encouraged 
investor types to respond to the ad.  ... the  leap from an asking price of 
$_____to somewhere in the $____ range is  HUGE. 
Any advice? 
Some people have been adding that (20%)  onto their price before cutting it 
in half, to make up for that loss. Read  back over the last several months 
in the archives, you may get more  understanding. 
Though I didn?t sell either house via  the 5day sale, I did get the 
information, support, knowledge, and confidence  to do an FSBO successfully. I did 
not get the price I listed (flat fee) on the  local MLS, but considering 
that I did not pay any realtor fee, I did sell for  about 88% of it. I had it 
listed at 149,500, and I sold for 130,500.  Personally I believe that is 
several thousand higher than I would have seen  bid at auction. (20% lower would 
have been about 120K). Yes, the buyers got a  really good deal.  
If I had sold for 149,500, 6% is 8970,  which would give me $140,530. 
Agents have shown the house to about 25-30  people, resulting in one offer I 
turned down,(about 125K) and this is with  agent incentives and stressing I will 
consider all reasonable offers.   
The buyer indicated she saw the ad on  Craigslist, but it could have been 
via my yard sign: they are renting just up  the street.  Their original offer 
was for 140K, but they couldn?t get the  money. They offered way less, and 
I said no, so they did come up to 130, and  I?m glad to have that. 
I?m in Tucson, AZ,  one of the areas really hard hit by overbuilding and 
few employment  opportunities.  
Advice?  
Bill?s book includes most of the  information one really needs to sell ?by 
owner?. Consider doing that. I will,  in another year, when I put the one I?
m living in now, up for sale. I would  also suggest these two things if you 
do that:  
I paid to be listed on Owner.com, and I  would not do that again. I would 
go with a local flat fee lister?be careful of  the terms?for almost half 
that cost. In this economy, for my area, Owner.com  did not help me at all.  
The other is the sales contract: We  originally used the one the title 
company gave me, which might have been okay,  as the buyers expected to be able 
to close in a couple of weeks. That didn?t  happen. My suggestion is to get 
a (local) real estate purchase/sale contract,  that 12 pages of small print, 
and go through it pulling out certain  protections to put into your ?
addendum? to the title co contract. When we had  to extend the contract because of 
the cut-off date, I did go through a  standard contract, and pulled out 
about 12 points to include, one of which was  a ?time is of the essence? 
clause. 
I chose to sell by owner because I did  not want tied into a 9 month 
contract with an agent, with all her  requirements, with no real guarantee it 
would sell. I listed flat fee in June,  I think, and expect to close in a few 
weeks.    
I am taking back up offers. Are you  interested?  
Best wishes to you in whatever path you  decide on now. 
JCrafor 

  
____________________________________
 
With Windows Live, you can  organize, edit, and share your photos. _Click  
here._ (http://www.windowslive.com/Desktop/PhotoGallery) 


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From Janetislight at aol.com  Fri Aug 28 18:41:39 2009
From: Janetislight at aol.com (Janetislight at aol.com)
Date: Fri, 28 Aug 2009 18:41:39 EDT
Subject: [5-DayForum] Very disappointing results!
Message-ID: <c1d.6ca990ac.37c9b723@aol.com>

First, I have determined that people don't use the papers anymore.   There 
are very few listings.  People use the Internet and realtors.  I  think you 
need to plaster all over the Internet, send out some flyers and put  out 
signs.  Seems like that is what has gotten the traffic moving in most  cases.  
With all the "press" about how you can steal a house now, I'm not  sure that 
this method is as useful as it use to be.  If you have a large  profit 
margin that you can play with, then yes.  Some of my houses only  have about 
10,000, the quick fixes and stick a for sale sign back out  front.  Other have 
around 50,000.  Those are my major overhauls.   And others even more.  Those 
are my new construction.  So, if you want  to take a bit less, and free up 
working capital to move on to another then I say  hey, what's 10,000.  I 
work in fairly high volume for a two person company  with contractors... 3 to 4 
houses a month.  This method is new to me and I  only used it once.  There 
was a ton of traffic, but my real buyer came from  a realtor.
 
Janet
 
 
In a message dated 8/28/2009 5:28:43 P.M. Central Daylight Time,  
hhsamcox at yahoo.com writes:

First, l  screwed up and let my co-owners talk me into a higher price than 
I thought the  book dictated. We managed to get it changed in the paper the 
next day, but it  will not show in the ads until Saturday. The paper had a 
server failure or  malfunction the day the ad was supposed to run, so the 
online classified ads  did not start until Friday at 1PM. We used an 800 number 
to help manage the  time the phone had to be manned, but people appear to 
be afraid of talking to  a Realtor as insinuated by the message on the 800 
call in number. The  Craigslist and other on-line ads were the only thing that 
operated without an  hitch and even there, there was more Realtor response 
trying to get a listing  than buyers to see the house. We've decided to halt 
the 5-day after 8PM  tonight and regroup for the week after Labor Day. 

Any thoughts or  suggestions as to how we can make this work at that time 
would be greatly  appreciated.

Sam C.




--- On Fri, 8/28/09, j crafor  <jcrafor at hotmail.com> wrote:

> From: j crafor  <jcrafor at hotmail.com>
> Subject: Re: [5-DayForum] Very  disappointing results!
> To: "5-dayforum at mailman.how tosellyour home"  
<5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Friday,  August 28, 2009, 6:22 PM
> 
> 
> 
> #yiv1129826445  .hmmessage P
> {
> margin:0px;padding:0px;}
> #yiv1129826445  {
> font-size:10pt;font-family:Verdana;}
> 
> 
>   
> It DID speak to me, saying do it differently. 
> 
> ONE  person, out of a pop of over  a million, responded
> to my 5day  sale ad. The market said, we're not
> interested...
> 
>  
> 
> I did do it differently, and got it sold. 
>  
> JCrafor
> 
> 
>  
> 
> 
>  To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Fri, 28 Aug  2009 17:58:03 -0400
> From: barrettai at aol.com
> Subject: Re:  [5-DayForum] Very disappointing results!
> 
> 
> It will  work everytime.  You just don;t
> necessarily get the price you're  looking for.
>  
> If done correctly, the market will "speak  to
> you."  You just may not like what it has to
>  say.
>  
> Best of luck,
>  
> Kyle  Cascioli
> www.AuctionBySeller.com
> 
> 
> 
>  -----Original Message-----
> From: Barbara Spector  <barb at smartmovesinc.com>
> To: 'How To Sell Your Home in  5-Days'
>  <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Fri, Aug  28, 2009 4:28 pm
> Subject: Re: [5-DayForum] Very disappointing  results!
> 
> 
> 
> 
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> 
> 
> Thanks
>  for your comments.  At least I?m not alone.  The
> book makes  it sound like the system works every time.
>  Obviously that is NOT  the case.
>  
> 
> Barbara Spector,
>  President
> Smart HR Moves, Inc. dba
> SmartMoves=0 A 
>  415-456-1990 ext.
> 4
> www.smartmovesinc.com
> 
>  
> 
> 
> From: j crafor [mailto:jcrafor at hotmail.com]
>  
> Sent: Friday,
> August 28, 2009 3:27 AM
> To:  5-dayforum at mailman.how
> tosellyour home
> Subject: Re:
>  [5-DayForum] Very disappointing
> results!
>  
>  
> 
>  
> Some things to
> consider--see  below:
>  
>  
> I followed the process
> in  the book to the letter, ? approximately 40 phone
> calls.  We  advertised the property for $354,500,
> expecting to get offers in the  $600,000 range ? We had
> just 10 written bids by 5PM on Sunday
>  night.
>  
> I recently advertised
> both a five day  sale and a for sale by owner on my former
> residence (I moved into my  rental). I got one
> response for the 5day, and two for the fsbo. I am  under
> contract (and hoping for back-up offers J) and expect to close  before 
the end of
> September. The sale price was, I think, higher than  would
> have been bid at a 5day.
>  
> Almost everyone  that
> came ? was an investor looking for a ?deal? or looking
>  for a home for their kids ?.  The highest offer we
> got ? was  $475,000!  
> When I did my first 5day
> in January 2009, my  results were similar. Nice house, nice
> curb appeal, etc. Most real  buyers ?those who wanted it
> for themselves?came expecting a disaster  in the first
> place, but in a good area, then hoping to buy for  the
> advertised price, or just above or in several cases,  below.
> The investors immediately bid their best price?what  they
> could rent it for at a positive cash flow. Three people  bid
> beyond that, but not by much, and they wanted it for
>  themselves, too. The top bid was still 30K below recent
> neighborhood  comps, below what I could take for it. I did
> not sell.
>  
> A couple of years ago,
> in the archives, I believe it  was in a December, two people
> were talking about auctions: ...people  SELL at auction
> hoping to get more money than a standard sale would  bring,
> while others GO to buy at auctions, expecting to pay  for
> much less than standard sale price. 
>  
> The  other fellow said
> that sale prices at auction are typically 20%  OR MORE,
> less than what a standard sale would get.
>  
>  
>  
> I?m thinking that we
> priced the  home way too low, which encouraged investor types
> to respond to the  ad.  ... the leap from an asking
> price of $_____to somewhere in  the $____ range is
> HUGE.
> Any advice?
> Some people have  been
> adding that (20%) onto their price before cutting it in
>  half, to make up for that loss. Read back over the last
> several months  in the archives, you may get more
> understanding.
>  
> Though I didn?t sell
> either house via the 5day sale, I  did get the information,
> support, knowledge, and confidence to do an  FSBO
> successfully. I did not get the price I listed (flat fee)  on
> the local MLS, but considering that I did not pay any
>  realtor fee, I did sell for about 88% of it. I had it listed
> at  149,500, and I sold for 130,500. Personally I believe
> that is several  thousand higher than I would have seen bid
> at auction. (20% lower  would have been about 120K). Yes, the
> buyers got a really good deal.  
>   
> If I had sold for
> 149,500, 6% is 8970,  which would give me $140,530. Agents
> have show n the house to about  25-30 people, resulting in
> one offer I turned down,(about 125K) and  this is with agent
> incentives and stressing I will consider all  reasonable
> offers. 
>  
> The buyer indicated  she
> saw the ad on Craigslist, but it could have been via my  yard
> sign: they are renting just up the street.  Their
>  original offer was for 140K, but they couldn?t get the
> money. They  offered way less, and I said no, so they did
> come up to 130, and I?m  glad to have
> that.
>  
> I?m in Tucson, AZ,  one
> of the areas really hard hit by overbuilding and few
>  employment opportunities. 
>  
> Advice?
> 
>  Bill?s book includes most of the
> information one really needs to sell  ?by owner?.
> Consider doing that. I will, in another year, when I put  the
> one I?m living in now, up for sale. I would also suggest
>  these two things if you do that: 
> I paid to be listed on
>  Owner.com, and I would not do that again. I would go with a
> local flat  fee lister?be careful of the terms?for almost
> half that cost. In this  economy, for my area, Owner.com did
> not help me at all. 
> The  other is the sales
> contract: We originally used the one the title  company gave
> me, which might have been okay, as the buyers expected to  be
> able to close in a couple of weeks. That didn?t happen. My
>  suggestion is to get a (local) real estate purchase/sale
> contract,  that 12 pages of small print, and go through it
> pulling out certain  protections to put into your
> ?addendum? to the title co contract. When  we had to
> extend the contract because of the cut-off date, I did  go
> through a standard contract, and pulled out about 12 points
>  to include, one of which was a ?time is of the essence?
>  clause.
>  
> I chose to sell by owner
> because I did  not want tied into a 9 month contract with an
> agent, with all her  requirements, with no real guarantee it
> would sell. I listed flat fee  in June, I think, and expect
> to close in a few weeks.  
> I  am taking back up
> offers. Are you interested? 
> Best wishes to  you in
> whatever path you decide on now.
> JCrafor
>  
>  
> 
> 
> 
> With Windows
>  Live, you can organize, edit, and share your photos. Click
>  here.
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From jimclu at sbcglobal.net  Sun Aug 30 02:58:29 2009
From: jimclu at sbcglobal.net (James Larussa)
Date: Sat, 29 Aug 2009 23:58:29 -0700 (PDT)
Subject: [5-DayForum] 5-DayForum Digest, Vol 29, Issue 47
In-Reply-To: <mailman.8.1251561606.10970.5-dayforum@mailman.howtosellyourhomein5days.com>
Message-ID: <141038.36719.qm@web80606.mail.mud.yahoo.com>

please remove me from your blog. thank-you

--- On Sat, 8/29/09, 5-dayforum-request at mailman.howtosellyourhomein5days.com <5-dayforum-request at mailman.howtosellyourhomein5days.com> wrote:


From: 5-dayforum-request at mailman.howtosellyourhomein5days.com <5-dayforum-request at mailman.howtosellyourhomein5days.com>
Subject: 5-DayForum Digest, Vol 29, Issue 47
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Saturday, August 29, 2009, 11:00 AM


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Today's Topics:

???1. Re: Very disappointing results! (Barbara Spector)
???2. Re: Very disappointing results! (barrettai at aol.com)
???3. Re: Not Enough Interest To Hold Auction! (Sam Cox)
???4. Re: Very disappointing results! (j crafor)
???5. Re: Very disappointing results! (Sam Cox)
???6. Re: Very disappointing results! (Janetislight at aol.com)
???7. Re: Very disappointing results! (Janetislight at aol.com)

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