From atn0930 at gmail.com  Thu Jan  1 05:02:30 2009
From: atn0930 at gmail.com (Anthony Norton)
Date: Thu, 1 Jan 2009 04:02:30 -0600
Subject: [5-DayForum] Sale diary day 2
In-Reply-To: <BAY135-W48DCA3B4E9E0FDEAF54EB6AEE40@phx.gbl>
References: <003f01c96ad9$b1da48d0$0201a8c0@RCCutcher>
	<d2b697900812301719t13ad7b17p497ef92939ffca2a@mail.gmail.com>
	<2EE10414388549D98CEA17503E4B0707@jamesfleming>
	<BAY135-W520D29D2F25E0877993BFAEE40@phx.gbl>
	<000f01c96b73$d1f51240$4101a8c0@liz>
	<BAY135-W48DCA3B4E9E0FDEAF54EB6AEE40@phx.gbl>
Message-ID: <3fbb3f20901010202g393dac83n73ad3dd410b080c3@mail.gmail.com>

j,

Liz is partially right.  You NEED to READ the book, you seem to want to
write your own...I don't understand why you keep wanting to change
EVERYTHING in the program.  However, the diary of your sale is helpful.  I
am interested in the outcome, especially since you are doing it your way.

Tony
On Wed, Dec 31, 2008 at 1:57 PM, j crafor <jcrafor at hotmail.com> wrote:

> Oh, gee,
> As I read through the archives, Bill constantly asked people to post every
> day as they approached and completed their sale.
>
> The reason for being of every forum is discussion. If the discussion
> weren't appropriate and desireable, Bill would not have opened the forum,
> and people would not read/question/respond.
>
> JCrafor
> ------------------------------
>
> From: liz at lizbacall.com
>
> Holy Cow. I continuously see your emails, and I'm trying to think of what
> to suggest.
>
>  There are a ton of people who receive every single email we submit,
> and we can see how many questions you have and how you are struggling with
> every single aspect of the process.
>
>  ------------------------------
> Send e-mail faster without improving your typing skills. Get your Hotmail(R)
> account.<http://windowslive.com/online/hotmail?ocid=TXT_TAGLM_WL_hotmail_acq_speed_122008>
>
> _______________________________________________
> 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 Jan  1 11:18:36 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 01 Jan 2009 11:18:36 -0500
Subject: [5-DayForum] Fourth Edition
Message-ID: <495CECDC.2090909@effros.com>

Thanks to all who have been minding the store while I've been away.

I am working on the Fourth Edition of How to Sell Your Home in 5-Days.

It's not very different from the Third Edition, it just addresses 
concerns people have relating to changed market conditions, and tries to 
clear up more areas that either I didn't understand when I wrote the 
previous text, or didn't explain well enough, as suggested by questions 
to this Forum.

As always, everything I've got to say is open to challenge.

I will be providing more and more "stock answers" as I develop the new 
text, and I appreciate your feedback on market conditions, your 
experiences, etc.

Thanks especially to those who maintained order in my absence,

Bill Effros





From sheritorres at yahoo.com  Thu Jan  1 12:02:48 2009
From: sheritorres at yahoo.com (Sheri Torres)
Date: Thu, 1 Jan 2009 09:02:48 -0800 (PST)
Subject: [5-DayForum] Please remove me from your mailing lists.
In-Reply-To: <mailman.2.1230829208.29840.5-dayforum@mailman.howtosellyourhomein5days.com>
Message-ID: <82916.32343.qm@web37303.mail.mud.yahoo.com>











--- On Thu, 1/1/09, 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 22, Issue 1
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thursday, January 1, 2009, 12:00 PM

Send 5-DayForum mailing list submissions 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. Re: Buyer Agency (Keith R. Pinster)
   2. Re: Buyer Agency (Keith R. Pinster)
   3. Re: staging and Craigslist (Keith R. Pinster)
   4. Re: staging and Craigslist (Dutch Revenboer)
   5. Re: Sale diary day 2 (rocky at oceanrei.com)
   6. Re: Sale diary day 2 (Liz Bacall)
   7. Re: Buyer Agency (James Fleming)
   8. Re: Buyer Agency (Dutch Revenboer)
   9. Re: Sale diary day 2 (j crafor)
  10. Re: Sale diary day 2 (Anthony Norton)
  11. Fourth Edition (Bill Effros)







Hi Dutch.? I think you missed the part where I said I would get my realtor license before starting this.
?




From: Dutch Revenboer [mailto:flyingnutjob at gmail.com] 
Sent: Tuesday, December 30, 2008 5:20 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Buyer Agency
?
I believe what he is proposing breaks the law in all 50 states.? You can't sell real estate without a license unless you have equitable interest in the property.? Nor can you represent a buyer or a seller in the transaction.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com



On Tue, Dec 30, 2008 at 5:52 PM, RC Cutcher <rcutcher at austin.rr.com> wrote:


Keith states:

?

Well, my concept here is to actually find the buyer in the first place.? Not
to bring an existing buyer into the sale.? Like I said, my concept is to do
this for REO properties that are not moving, and this wouldn't be much more
than an open house to get a group of potential buyers into a property.? The
person with the highest offer would then become my buyer.? 

Keith,

Well, ?based on the previous paragraph you wouldn't actually start representing the buyer until he/she won the bid.?? If you are aiming to do this for REO Companies and their Listing Agent, then they are basically your main interest, focus, and client. If you don't see a problem with that, it is probably because you haven't?reviewed in detail the buyer agency responsibility owed to clients by?the Realtor.? There are several potential legal?problems in representing a buyer for one particular house with one particular listing agent, with the goal of getting that one house under contract.? It probably is sometimes done with good?intentions and good ethics, but it would certainly be an exception for a buyer to choose an agent based on the fact that you convinced them that you had somehow looked out after their interest to single out that one home, and have a relationship developed with the Listing Company.?

?

?The example of it appears to be?out of bounds of good real estate practice, in my?view.? Maybe we can get some other comments.? Thanks.

?

RC Cutcher

Austin Texas Homes, LLC

www.austintexashomes.com

? 

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






Hi James.? I think you and Dutch missed the part where I said I was going to get my license before doing this.? I understand that I can?t represent a buyer if I?m not licensed.? As far as I?m concerned, this is obvious.? If the property is listed, the listing agent would have no compunction, desire, or requirement to share the commission with me if I am not an agent.
?




From: James Fleming [mailto:jamesfleming.realestate at gmail.com] 
Sent: Tuesday, December 30, 2008 5:43 PM
To: ' How To Sell Your Home in 5-Days '
Subject: Re: [5-DayForum] Buyer Agency
?
I agree with Dutch.? If you have any doubt about this, you do not have to take our word for it.? Simply contact your state?s real estate division.? Explain your plan and ask if it requires you to be licensed.
?

James Fleming, NAR
Realtor Partner?| Keller Williams Premier Partners Realty
915 Broadway, First Floor, Vancouver WA 98660 ??? 
' 360.771.3003 |? 7?360.702.0777 
* jamesfleming.realestate at gmail.com




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 Dutch Revenboer
Sent: Tuesday, December 30, 2008 5:20 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Buyer Agency
?
I believe what he is proposing breaks the law in all 50 states.? You can't sell real estate without a license unless you have equitable interest in the property.? Nor can you represent a buyer or a seller in the transaction.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com

On Tue, Dec 30, 2008 at 5:52 PM, RC Cutcher <rcutcher at austin.rr.com> wrote:


Keith states:

?

Well, my concept here is to actually find the buyer in the first place.? Not
to bring an existing buyer into the sale.? Like I said, my concept is to do
this for REO properties that are not moving, and this wouldn't be much more
than an open house to get a group of potential buyers into a property.? The
person with the highest offer would then become my buyer.? 

Keith,

Well, ?based on the previous paragraph you wouldn't actually start representing the buyer until he/she won the bid.?? If you are aiming to do this for REO Companies and their Listing Agent, then they are basically your main interest, focus, and client. If you don't see a problem with that, it is probably because you haven't?reviewed in detail the buyer agency responsibility owed to clients by?the Realtor.? There are several potential legal?problems in representing a buyer for one particular house with one particular listing agent, with the goal of getting that one house under contract.? It probably is sometimes done with good?intentions and good ethics, but it would certainly be an exception for a buyer to choose an agent based on the fact that you convinced them that you had somehow looked out after their interest to single out that one home, and have a relationship developed with the Listing Company.?

?

?The example of it appears to be?out of bounds of good real estate practice, in my?view.? Maybe we can get some other comments.? Thanks.

?

RC Cutcher

Austin Texas Homes, LLC

www.austintexashomes.com

? 

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






I was at a seminar a while back where the speaker was saying that minimal staging is critical.? He gave an example of 2 condos that he was selling.? Both were in exactly the same shape, the exact same size, 1 floor apart (something like the 10th and 11th floors of the building), same side of the building.? One was completely empty and the other had minimal staging.? After several showings of both condos, the one with staging sold first and for about $9k more than the other.? He said he always stages minimally and as far as he is concerned, it always makes a difference.? But he specifically emphasized MINIMAL staging.? I?m not sure what you mean by ?partial?, but I would suspect that would be the most that he would advocate.
?
I think realtors who don?t think it makes a difference, don?t really know how to take advantage of those kind of things.? Or there are other factors involved with the property not selling.
?




From: j crafor [mailto:jcrafor at hotmail.com] 
Sent: Wednesday, December 31, 2008 7:38 AM
To: 5-dayforum at mailman.how tosellyour home
Subject: [5-DayForum] staging and Craigslist
?
Are your houses empty when selling? Do you leave them empty, or do you stage them completely, partially, or minimally? Does staging help an empty house?
?
When talking with realtors, none approved much staging, a few thought a few pieces would be good, while others?disagreed, saying that a few pieces would do more harm than good.
?
I have towels and shower curtain in the baths,?fake flowers for the kitchen shelf, candles in the fireplace to light. There are two tables?with cloths to hold the paperwork, 2 chairs at one so buyers can sit and study the books if they want, and two other chairs for the greeters as needed.?
?
?
Craigslist: Tried several times yesterday to improve my craigslist ad, and couldn't see how to do it, even in the help section. How does one change or delete the ad? I did update my hotpads ad.
?
JCrafor



It?s the same Hotmail?. If by ?same? you mean up to 70% faster. Get your account now.

my suggestion and what we do here for our own properties:? I go to a local rental agency, like Aaron Rents or Rent-A-Center, or check with local builders to see who they use.? I almost always stage the dining room, living room and one bedroom, 
?
RENT:?dining table, 4 chairs, sofa, loveseat, coffie table, 2 end tables, queen bed with 2 nightstands and 1 dresser.
?
then, add a? place setting with charger plates, wine?glasses, etc.?add lamps to all the end tables, hang a few cheap paintings around, shower curtain is a positive, lots of knick-knacks that my wife has collected over the years, including some books.? She is also an Arbonne Rep so the bath has some of those products.? ALWAYS have toilet paper on the rolls.

Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com



On Wed, Dec 31, 2008 at 11:33 AM, Keith R. Pinster <keith.pinster at comcast.net> wrote:




I was at a seminar a while back where the speaker was saying that minimal staging is critical.? He gave an example of 2 condos that he was selling.? Both were in exactly the same shape, the exact same size, 1 floor apart (something like the 10th and 11th floors of the building), same side of the building.? One was completely empty and the other had minimal staging.? After several showings of both condos, the one with staging sold first and for about $9k more than the other.? He said he always stages minimally and as far as he is concerned, it always makes a difference.? But he specifically emphasized MINIMAL staging.? I'm not sure what you mean by "partial", but I would suspect that would be the most that he would advocate.
?
I think realtors who don't think it makes a difference, don't really know how to take advantage of those kind of things.? Or there are other factors involved with the property not selling.
?




From: j crafor [mailto:jcrafor at hotmail.com] 
Sent: Wednesday, December 31, 2008 7:38 AM
To: 5-dayforum at mailman.how tosellyour home
Subject: [5-DayForum] staging and Craigslist



?
Are your houses empty when selling? Do you leave them empty, or do you stage them completely, partially, or minimally? Does staging help an empty house?
?
When talking with realtors, none approved much staging, a few thought a few pieces would be good, while others?disagreed, saying that a few pieces would do more harm than good.
?
I have towels and shower curtain in the baths,?fake flowers for the kitchen shelf, candles in the fireplace to light. There are two tables?with cloths to hold the paperwork, 2 chairs at one so buyers can sit and study the books if they want, and two other chairs for the greeters as needed.?
?
?
Craigslist: Tried several times yesterday to improve my craigslist ad, and couldn't see how to do it, even in the help section. How does one change or delete the ad? I did update my hotpads ad.
?
JCrafor



It's the same Hotmail?. If by "same" you mean up to 70% faster. Get your account now.
_______________________________________________
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5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


How do I unsubscribe to all these emails? 
Rocky
Ocean Real Estate Ibvestnents, LLC.
Sent from my Verizon Wireless BlackBerry

-----Original Message-----
From: j crafor <jcrafor at hotmail.com>

Date: Wed, 31 Dec 2008 15:41:38 
To: 5-dayforum at mailman.how tosellyour
home<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: [5-DayForum] Sale diary day 2


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#yiv519112951 .hmmessage P {
PADDING-RIGHT:0px;PADDING-LEFT:0px;PADDING-BOTTOM:0px;MARGIN:0px;PADDING-TOP:0px;}
#yiv519112951 {
FONT-SIZE:10pt;FONT-FAMILY:Verdana;}


Holy Cow. I continuously see your emails, and I'm trying to think of what to suggest.
?
Please go to Craigslist to learn how to use Craigslist. All the info you seek is there. I know, because that is how I learned it.
?
Please use the sample ad from the book or don't, but there are just so many times we on the forum can tell you to use the ad in the book.
?
Please do not feel that you need to submit a daily sale diary of what you are doing; if we all did that, none of us would get anything done reading them all and our incoming mail would be filled with diary info.
?
Please do go take the real estate classes so you can get the license you say you want, for whatever state you live in?will know the answers to many of the questions you ask. Every state is different. Dual agency is illegal, but in Florida we have Transaction Agency and Buyer Agents. Your realtor board will know what is/isn't legal in your state. Right now your cart if before your horse. The laws for a home-owner are different than for a Realtor. As it appears your intention is to sell a home now, and you are not licensed, then just follow the book.
?
If you have read the book only once, please read it again -- at least twice. Each time you read it, you will remember more of the system and you will not feel so lost.
?
There are a ton of people who receive every single email we submit, and?we can see how many questions you have and how you are struggling with every single aspect of the process. With all my heart I want to encourage you to stop everything and re-re-read the book.?If you are doing one home as a home-owner, we still request you read the book several times. But especially since you are asking Realtor questions, it would help you more than words can say if you would go ahead and get those classes and your license. If you are seriously wanting to get your license, may I respectfully suggest you make this your New Year's Resolution?
?
HAPPY NEW YEAR TO EVERYONE!? Here's to a great 2009!!!
?
Warmest regards,
Liz Bacall
Palm Beach, FL



From: 5-dayforum-bounces+liz=lizbacall.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+liz=lizbacall.com at mailman.howtosellyourhomein5days.com] On Behalf Of j crafor
Sent: Wednesday, December 31, 2008 10:42 AM
To: 5-dayforum at mailman.how tosellyour home
Subject: [5-DayForum] Sale diary day 2


Craigslist: Tried several times yesterday to improve my craigslist ad, and couldn't see how to do it, even in the help section. How does one change or delete the ad? My ad is already lost in the second page of houses... I have a new ad ready for Thursday.
?
I did update my hotpads ad this morning.
?
Didn't get the copies made, will do it today.
?
Should I do more staging if I can?
?
The handyman never showed up, so need to call another one.
?
Might do a little yard work today.
?
JCrafor



It?s the same Hotmail?. If by ?same? you mean up to 70% faster. Get your account now. 






Hi Keith ? 
?
You are right; I missed the part where you plan to get your license.? Doing so will make all the difference for what you have in mind.? You are also right about the listing agent not being required to pay a commission to a non-licensed agent.? It even goes further than that ? it is illegal for a listing agent to pay a commission in the scenario you describe.? The penalty for such a violation is substantial.
?
On the issue of staging ? I heartily agree that staging helps sell property.? In my experience, properly priced and well staged properties always enjoy a competitive edge.? 
?
Good luck with your plan.? 
?

James Fleming
Realtor Partner?| Keller Williams Premier Partners Realty
915 Broadway, First Floor, Vancouver WA 98660 ??? 
' 360.771.3003 |? 7?360.702.0777 
* jamesfleming.realestate at gmail.com




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 Keith R. Pinster
Sent: Wednesday, December 31, 2008 9:25 AM
To: 'How To Sell Your Home in 5-Days'
Subject: Re: [5-DayForum] Buyer Agency
?
Hi James.? I think you and Dutch missed the part where I said I was going to get my license before doing this.? I understand that I can?t represent a buyer if I?m not licensed.? As far as I?m concerned, this is obvious.? If the property is listed, the listing agent would have no compunction, desire, or requirement to share the commission with me if I am not an agent.
?




From: James Fleming [mailto:jamesfleming.realestate at gmail.com] 
Sent: Tuesday, December 30, 2008 5:43 PM
To: ' How To Sell Your Home in 5-Days '
Subject: Re: [5-DayForum] Buyer Agency
?
I agree with Dutch.? If you have any doubt about this, you do not have to take our word for it.? Simply contact your state?s real estate division.? Explain your plan and ask if it requires you to be licensed.
?

James Fleming, NAR
Realtor Partner?| Keller Williams Premier Partners Realty
915 Broadway, First Floor, Vancouver WA 98660 ??? 
' 360.771.3003 |? 7?360.702.0777 
* jamesfleming.realestate at gmail.com




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 Dutch Revenboer
Sent: Tuesday, December 30, 2008 5:20 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Buyer Agency
?
I believe what he is proposing breaks the law in all 50 states.? You can't sell real estate without a license unless you have equitable interest in the property.? Nor can you represent a buyer or a seller in the transaction.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com

On Tue, Dec 30, 2008 at 5:52 PM, RC Cutcher <rcutcher at austin.rr.com> wrote:


Keith states:

?

Well, my concept here is to actually find the buyer in the first place.? Not
to bring an existing buyer into the sale.? Like I said, my concept is to do
this for REO properties that are not moving, and this wouldn't be much more
than an open house to get a group of potential buyers into a property.? The
person with the highest offer would then become my buyer.? 

Keith,

Well, ?based on the previous paragraph you wouldn't actually start representing the buyer until he/she won the bid.?? If you are aiming to do this for REO Companies and their Listing Agent, then they are basically your main interest, focus, and client. If you don't see a problem with that, it is probably because you haven't?reviewed in detail the buyer agency responsibility owed to clients by?the Realtor.? There are several potential legal?problems in representing a buyer for one particular house with one particular listing agent, with the goal of getting that one house under contract.? It probably is sometimes done with good?intentions and good ethics, but it would certainly be an exception for a buyer to choose an agent based on the fact that you convinced them that you had somehow looked out after their interest to single out that one home, and have a relationship developed with the Listing Company.?

?

?The example of it appears to be?out of bounds of good real estate practice, in my?view.? Maybe we can get some other comments.? Thanks.

?

RC Cutcher

Austin Texas Homes, LLC

www.austintexashomes.com

? 

_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
?
Yes I missed it too.? Best of luck in your new venture.? As the Chinese Proverb says, "May you live in interesting times".? Well, these definitely are!? Especially for Realtors :-)

Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com



On Wed, Dec 31, 2008 at 12:25 PM, James Fleming <jamesfleming.realestate at gmail.com> wrote:




Hi Keith ? 
?
You are right; I missed the part where you plan to get your license.? Doing so will make all the difference for what you have in mind.? You are also right about the listing agent not being required to pay a commission to a non-licensed agent.? It even goes further than that ? it is illegal for a listing agent to pay a commission in the scenario you describe.? The penalty for such a violation is substantial.
?
On the issue of staging ? I heartily agree that staging helps sell property.? In my experience, properly priced and well staged properties always enjoy a competitive edge.? 
?
Good luck with your plan.? 
?

James Fleming

Realtor Partner?| Keller Williams Premier Partners Realty
915 Broadway, First Floor, Vancouver WA 98660??? 
' 360.771.3003 |? 7?360.702.0777 
* jamesfleming.realestate at gmail.com




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 Keith R. Pinster
Sent: Wednesday, December 31, 2008 9:25 AM



To: 'How To Sell Your Home in 5-Days'
Subject: Re: [5-DayForum] Buyer Agency



?
Hi James.? I think you and Dutch missed the part where I said I was going to get my license before doing this.? I understand that I can't represent a buyer if I'm not licensed.? As far as I'm concerned, this is obvious.? If the property is listed, the listing agent would have no compunction, desire, or requirement to share the commission with me if I am not an agent.
?




From: James Fleming [mailto:jamesfleming.realestate at gmail.com] 
Sent: Tuesday, December 30, 2008 5:43 PM
To: 'How To Sell Your Home in 5-Days'
Subject: Re: [5-DayForum] Buyer Agency
?
I agree with Dutch.? If you have any doubt about this, you do not have to take our word for it.? Simply contact your state's real estate division.? Explain your plan and ask if it requires you to be licensed.
?

James Fleming, NAR
Realtor Partner?| Keller Williams Premier Partners Realty
915 Broadway, First Floor, Vancouver WA 98660??? 
' 360.771.3003 |? 7?360.702.0777 
* jamesfleming.realestate at gmail.com




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 Dutch Revenboer
Sent: Tuesday, December 30, 2008 5:20 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Buyer Agency
?
I believe what he is proposing breaks the law in all 50 states.? You can't sell real estate without a license unless you have equitable interest in the property.? Nor can you represent a buyer or a seller in the transaction.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com

On Tue, Dec 30, 2008 at 5:52 PM, RC Cutcher <rcutcher at austin.rr.com> wrote:


Keith states:

?

Well, my concept here is to actually find the buyer in the first place.? Not
to bring an existing buyer into the sale.? Like I said, my concept is to do
this for REO properties that are not moving, and this wouldn't be much more
than an open house to get a group of potential buyers into a property.? The
person with the highest offer would then become my buyer.? 

Keith,

Well, ?based on the previous paragraph you wouldn't actually start representing the buyer until he/she won the bid.?? If you are aiming to do this for REO Companies and their Listing Agent, then they are basically your main interest, focus, and client. If you don't see a problem with that, it is probably because you haven't?reviewed in detail the buyer agency responsibility owed to clients by?the Realtor.? There are several potential legal?problems in representing a buyer for one particular house with one particular listing agent, with the goal of getting that one house under contract.? It probably is sometimes done with good?intentions and good ethics, but it would certainly be an exception for a buyer to choose an agent based on the fact that you convinced them that you had somehow looked out after their interest to single out that one home, and have a relationship developed with the Listing Company.?

?

?The example of it appears to be?out of bounds of good real estate practice, in my?view.? Maybe we can get some other comments.? Thanks.

?

RC Cutcher

Austin Texas Homes, LLC

www.austintexashomes.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





#yiv773918897 .hmmessage P
{
margin:0px;padding:0px;}
#yiv773918897 {
font-size:10pt;font-family:Verdana;}

Oh, gee,
As I read through the archives, Bill constantly asked people to post every day as they approached and completed their sale. 

The reason for being of?every forum is discussion. If the discussion weren't appropriate and desireable, Bill would not have opened the forum, and people would not read/question/respond.

JCrafor



From: liz at lizbacall.com

Holy Cow. I continuously see your emails, and I'm trying to think of what to suggest.

?
There are a ton of people who receive every single email we submit, and?we can see how many questions you have and how you are struggling with every single aspect of the process. 


Send e-mail faster without improving your typing skills. Get your Hotmail? account. 

j,
?
Liz is partially right.? You NEED to READ the book, you seem to want to write your own...I don't understand why you keep wanting to change EVERYTHING in the program.? However, the diary of your sale is helpful.? I am interested in the outcome, especially since you are doing it your way.
?
Tony

On Wed, Dec 31, 2008 at 1:57 PM, j crafor <jcrafor at hotmail.com> wrote:


Oh, gee,
As I read through the archives, Bill constantly asked people to post every day as they approached and completed their sale. 

The reason for being of?every forum is discussion. If the discussion weren't appropriate and desireable, Bill would not have opened the forum, and people would not read/question/respond.

JCrafor



From: liz at lizbacall.com 


Holy Cow. I continuously see your emails, and I'm trying to think of what to suggest.

?

There are a ton of people who receive every single email we submit, and?we can see how many questions you have and how you are struggling with every single aspect of the process. 



Send e-mail faster without improving your typing skills. Get your Hotmail? account.
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


Thanks to all who have been minding the store while I've been away.

I am working on the Fourth Edition of How to Sell Your Home in 5-Days.

It's not very different from the Third Edition, it just addresses concerns
people have relating to changed market conditions, and tries to clear up more
areas that either I didn't understand when I wrote the previous text, or
didn't explain well enough, as suggested by questions to this Forum.

As always, everything I've got to say is open to challenge.

I will be providing more and more "stock answers" as I develop the
new text, and I appreciate your feedback on market conditions, your experiences,
etc.

Thanks especially to those who maintained order in my absence,

Bill Effros





_______________________________________________
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 Jan  1 12:06:05 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Thu, 1 Jan 2009 12:06:05 -0500
Subject: [5-DayForum] Fourth Edition
References: <495CECDC.2090909@effros.com>
Message-ID: <EB41063A4FDF4A9BA341F1F6291423A5@rosemarifv6onv>

HAPPY NEW YEAR!!
Welcome back, Bill, we have missed you.
Rosemarie

----- Original Message ----- 
From: "Bill Effros" <bill at effros.com>
To: <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, January 01, 2009 11:18 AM
Subject: [5-DayForum] Fourth Edition


> Thanks to all who have been minding the store while I've been away.
>
> I am working on the Fourth Edition of How to Sell Your Home in 5-Days.
>
> It's not very different from the Third Edition, it just addresses
> concerns people have relating to changed market conditions, and tries to
> clear up more areas that either I didn't understand when I wrote the
> previous text, or didn't explain well enough, as suggested by questions
> to this Forum.
>
> As always, everything I've got to say is open to challenge.
>
> I will be providing more and more "stock answers" as I develop the new
> text, and I appreciate your feedback on market conditions, your
> experiences, etc.
>
> Thanks especially to those who maintained order in my absence,
>
> Bill Effros
>
>
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 


From dakotamhh at gmail.com  Thu Jan  1 11:41:00 2009
From: dakotamhh at gmail.com (dakotamhh at gmail.com)
Date: Thu, 1 Jan 2009 10:41:00 -0600
Subject: [5-DayForum] Introduction
Message-ID: <495cf273.c6c1f10a.7be0.5d80@mx.google.com>

Hi

I have just joined the forum & preparing to sell my house in the next few months because we will be moving out East in June.  I am curious as to how sales are going for people currently?  I live in  South Dakota, which hasn't been hit really hard yet with layoffs, although houses have not been moving very well for last 6 months.  I have not talked to anyone in this area who has used the 5 day method, so if anyone has some experience in the upper Midwest I would appreciate.  I look forward to future dialogue, this concept really has made me feel more in charge of this big upcoming transaction. 

Mike 


From bill at effros.com  Thu Jan  1 13:51:34 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 01 Jan 2009 13:51:34 -0500
Subject: [5-DayForum] Fourth Edition
In-Reply-To: <EB41063A4FDF4A9BA341F1F6291423A5@rosemarifv6onv>
References: <495CECDC.2090909@effros.com>
	<EB41063A4FDF4A9BA341F1F6291423A5@rosemarifv6onv>
Message-ID: <495D10B6.2050805@effros.com>

Thanks, Rosemarie,

Happy New Year to you, too.

And thanks for all the work you've done on the list--I've been lurking.

B.



rosemarie-fred wrote:
> HAPPY NEW YEAR!!
> Welcome back, Bill, we have missed you.
> Rosemarie
>
> ----- Original Message ----- 
> From: "Bill Effros" <bill at effros.com>
> To: <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Thursday, January 01, 2009 11:18 AM
> Subject: [5-DayForum] Fourth Edition
>
>
>   
>> Thanks to all who have been minding the store while I've been away.
>>
>> I am working on the Fourth Edition of How to Sell Your Home in 5-Days.
>>
>> It's not very different from the Third Edition, it just addresses
>> concerns people have relating to changed market conditions, and tries to
>> clear up more areas that either I didn't understand when I wrote the
>> previous text, or didn't explain well enough, as suggested by questions
>> to this Forum.
>>
>> As always, everything I've got to say is open to challenge.
>>
>> I will be providing more and more "stock answers" as I develop the new
>> text, and I appreciate your feedback on market conditions, your
>> experiences, etc.
>>
>> Thanks especially to those who maintained order in my absence,
>>
>> Bill Effros
>>
>>
>>
>>
>> _______________________________________________
>> 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 bpauley at a2scolumbiamo.com  Thu Jan  1 14:45:49 2009
From: bpauley at a2scolumbiamo.com (Betty Pauley)
Date: Thu, 1 Jan 2009 13:45:49 -0600
Subject: [5-DayForum] Fourth Edition
References: <495CECDC.2090909@effros.com>
Message-ID: <C4EB7EA197F8C541B94046AE4E552D8801B55110@pandora.socket.net>

When will the Fourth Edition be available?

	-----Original Message----- 
	From: 5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com on behalf of Bill Effros 
	Sent: Thu 1/1/2009 10:18 AM 
	To: 5-dayforum at mailman.howtosellyourhomein5days.com 
	Cc: 
	Subject: [5-DayForum] Fourth Edition
	
	

	Thanks to all who have been minding the store while I've been away.
	
	I am working on the Fourth Edition of How to Sell Your Home in 5-Days.
	
	It's not very different from the Third Edition, it just addresses
	concerns people have relating to changed market conditions, and tries to
	clear up more areas that either I didn't understand when I wrote the
	previous text, or didn't explain well enough, as suggested by questions
	to this Forum.
	
	As always, everything I've got to say is open to challenge.
	
	I will be providing more and more "stock answers" as I develop the new
	text, and I appreciate your feedback on market conditions, your
	experiences, etc.
	
	Thanks especially to those who maintained order in my absence,
	
	Bill Effros
	
	
	
	
	_______________________________________________
	5-DayForum mailing list
	5-DayForum at mailman.howtosellyourhomein5days.com
	http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
	

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From Eltutu1 at aol.com  Thu Jan  1 14:43:35 2009
From: Eltutu1 at aol.com (Eltutu1 at aol.com)
Date: Thu, 1 Jan 2009 14:43:35 EST
Subject: [5-DayForum] Fourth Edition
Message-ID: <c74.43a590e7.368e76e7@aol.com>

Hi Bill,
 
The idea of a fourth edition of your book is definitely way overdue. We  live 
in an environment of virtual marketing where everything have something to  
with automation. It is believed 82% or more people go on line when they want to  
make purchases of any kind. As for the market, things are super slow in  some 
areas of the country. The second half of 2008 was one of the worse markets  
for real estate in more than 20 years.
Like anything, competition is stiff out there. Since the introduction of  
your first book, real estate investors and consultants have produced their own  
versions of auctioning houses in 7 days or less! Some of them claim to be  
selling houses at market values or higher, and they have also deviated from  your 
idea of keeping other professionals at bay. In other words, there's a lot  of 
greed involved with some of those people. I'd like you to include more  
content on internet marketing and automation.
Until next time, a healthy and prosperous 2009.
 
Emmanuel 
**************Stay up-to-date on the latest news - from fashion trends to 
celebrity break-ups and everything in between. 
(http://www.aol.com/?ncid=emlcntaolcom00000024)
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From bill at effros.com  Thu Jan  1 15:26:01 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 01 Jan 2009 15:26:01 -0500
Subject: [5-DayForum] Fourth Edition
In-Reply-To: <C4EB7EA197F8C541B94046AE4E552D8801B55110@pandora.socket.net>
References: <495CECDC.2090909@effros.com>
	<C4EB7EA197F8C541B94046AE4E552D8801B55110@pandora.socket.net>
Message-ID: <495D26D9.7030302@effros.com>

Don't hold your breath!

I'm just starting to set it up now.

You can know what I'm thinking if you ask on this list.  At first I will 
just give you outlines, and listen to feedback.

Bill Effros

PS -- Please sign your name every time so everyone will know who we are 
talking to.



Betty Pauley wrote:
> When will the Fourth Edition be available?
>
> 	-----Original Message----- 
> 	From: 5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com on behalf of Bill Effros 
> 	Sent: Thu 1/1/2009 10:18 AM 
> 	To: 5-dayforum at mailman.howtosellyourhomein5days.com 
> 	Cc: 
> 	Subject: [5-DayForum] Fourth Edition
> 	
> 	
>
> 	Thanks to all who have been minding the store while I've been away.
> 	
> 	I am working on the Fourth Edition of How to Sell Your Home in 5-Days.
> 	
> 	It's not very different from the Third Edition, it just addresses
> 	concerns people have relating to changed market conditions, and tries to
> 	clear up more areas that either I didn't understand when I wrote the
> 	previous text, or didn't explain well enough, as suggested by questions
> 	to this Forum.
> 	
> 	As always, everything I've got to say is open to challenge.
> 	
> 	I will be providing more and more "stock answers" as I develop the new
> 	text, and I appreciate your feedback on market conditions, your
> 	experiences, etc.
> 	
> 	Thanks especially to those who maintained order in my absence,
> 	
> 	Bill Effros
> 	
> 	
> 	
> 	
> 	_______________________________________________
> 	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 PatriciaLone at hotmail.com  Thu Jan  1 15:06:14 2009
From: PatriciaLone at hotmail.com (Patricia)
Date: Thu, 1 Jan 2009 15:06:14 -0500
Subject: [5-DayForum] Archives
Message-ID: <BLU141-DS2EAF49B1D38D1824D8143D2E50@phx.gbl>

Where have the archives gone?

Also wondering if there are any people on this site who have used the 5 Day Sale process in Michigan, and how it has worked for them??

Patricia
 (suffering in Michigan    Help...)
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From Eltutu1 at aol.com  Thu Jan  1 15:34:57 2009
From: Eltutu1 at aol.com (Eltutu1 at aol.com)
Date: Thu, 1 Jan 2009 15:34:57 EST
Subject: [5-DayForum] Fourth Edition
Message-ID: <c17.51710f5f.368e82f1@aol.com>

Hi once again,
 
This is an update about my full name.
 
Emmanuel Laventure
**************Stay up-to-date on the latest news - from fashion trends to 
celebrity break-ups and everything in between. 
(http://www.aol.com/?ncid=emlcntaolcom00000024)
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From dboger06 at comcast.net  Thu Jan  1 16:44:33 2009
From: dboger06 at comcast.net (dan boger)
Date: Thu, 1 Jan 2009 15:44:33 -0600
Subject: [5-DayForum] delete my name
Message-ID: <000801c96c5a$228ecc50$67ac64f0$@net>

 

 

Please delete my name from your email address

 

 

Dan Boger

12912 Sturbridge Rd.

Woodbridge, VA 22192

H 571-408-4319

C 571-264-1752

DBoger06 at comcast.net

 

 

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From Eltutu1 at aol.com  Thu Jan  1 15:45:58 2009
From: Eltutu1 at aol.com (Eltutu1 at aol.com)
Date: Thu, 1 Jan 2009 15:45:58 EST
Subject: [5-DayForum] Please remove me from your mailing lists.
Message-ID: <d10.40e5eb18.368e8586@aol.com>

Hi there guys,
 
I live in one of the most business unfriendly state of the Union: New York.  
It doesn't required owners to have a Real Estate License to sell their own  
homes. If that's the case in some other states, their laws need to be repealed.  
Also, such laws are tantamount to losing some of our civil liberties!
 
Emmanuel Laventure
**************Stay up-to-date on the latest news - from fashion trends to 
celebrity break-ups and everything in between. 
(http://www.aol.com/?ncid=emlcntaolcom00000024)
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From patricialone at hotmail.com  Thu Jan  1 15:51:13 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Thu, 1 Jan 2009 15:51:13 -0500
Subject: [5-DayForum] Fourth Edition
In-Reply-To: <495D26D9.7030302@effros.com>
References: <495CECDC.2090909@effros.com>
	<C4EB7EA197F8C541B94046AE4E552D8801B55110@pandora.socket.net> 
	<495D26D9.7030302@effros.com>
Message-ID: <BLU141-W2144A37AEDFE3051A6DAE5D2E50@phx.gbl>


Hi Bill,New here and glad to hear that since I just purchased your Third Edition book on the 31st.Patricia  

Date: Thu, 1 Jan 2009 15:26:01 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Fourth EditionDon't hold your breath!I'm just starting to set it up now.You can know what I'm thinking if you ask on this list.  At first I will just give you outlines, and listen to feedback.Bill EffrosPS -- Please sign your name every time so everyone will know who we are talking to.Betty Pauley wrote: 
When will the Fourth Edition be available?

	-----Original Message----- 
	From: 5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com on behalf of Bill Effros 
	Sent: Thu 1/1/2009 10:18 AM 
	To: 5-dayforum at mailman.howtosellyourhomein5days.com 
	Cc: 
	Subject: [5-DayForum] Fourth Edition
	
	

	Thanks to all who have been minding the store while I've been away.
	
	I am working on the Fourth Edition of How to Sell Your Home in 5-Days.
	
	It's not very different from the Third Edition, it just addresses
	concerns people have relating to changed market conditions, and tries to
	clear up more areas that either I didn't understand when I wrote the
	previous text, or didn't explain well enough, as suggested by questions
	to this Forum.
	
	As always, everything I've got to say is open to challenge.
	
	I will be providing more and more "stock answers" as I develop the new
	text, and I appreciate your feedback on market conditions, your
	experiences, etc.
	
	Thanks especially to those who maintained order in my absence,
	
	Bill Effros
	
	
	
	
	_______________________________________________
	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 Jan  1 16:02:00 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 01 Jan 2009 16:02:00 -0500
Subject: [5-DayForum] Lets Sort Ourselves Out
Message-ID: <495D2F48.5060703@effros.com>

This list is huge, and it's likely to become very active over the next 
several months.

Everyone's mailbox is going to bulge with 5-Day Forum postings.

Lets try to observe some strict rules.

1.  I won't permit any more posting to this list by non-members.  If you 
want to interact, you must sign up.

2.  If you sign up and want to leave, you've got to do it for yourself! 
It's the reverse of signing up.  I will post information on how to do 
these things from time to time.

3. Learn how to use "filters" in your email program so that you can move 
5-DayForum email directly into the folder you will view it from, without 
clogging your In Box.  (Again, I will post for those who don't already 
know.)

4.  Put yourself into "Digest Mode" or "Vacation Mode" if you want to 
retain your list privileges without receiving an overwhelming amount of 
daily email.

5.  Use the subject line so others can follow discussions.  Make sure 
the subject line reflects the content.  Multiple short subjects are 
better than huge documents that no one has the time to read all the way 
through.  (The exception is narrative descriptions of sales--Here we ask 
for the following format-- City-State-Day.  In my case that would be 
Greenwich-Ct-Day 1.  Then you would tell in the body what happened that 
day, and people on the list could help you while your sale is in progress.

6.  Let's announce who we are, and why we are here in every email.  So, 
I would be Bill Effros, Author.  And you might be Jane Doe, Seller.  Or 
Mike Smith, Buyer.  Or Bob Cole, Agent.  etc.  Again, this will allow 
people to more easily sort through the daily email and the archives.

I'll formalize the things that work, and drop the things that don't.

Bill Effros, Author



From gary_st_armand at yahoo.com  Thu Jan  1 15:51:00 2009
From: gary_st_armand at yahoo.com (Gary St. Armand)
Date: Thu, 1 Jan 2009 12:51:00 -0800 (PST)
Subject: [5-DayForum] Please remove me from your mailing lists.
In-Reply-To: <d10.40e5eb18.368e8586@aol.com>
Message-ID: <26170.27827.qm@web45012.mail.sp1.yahoo.com>

What the hell are you talking about? What should owners be required to have a license
to sell their own house?

--- On Thu, 1/1/09, Eltutu1 at aol.com <Eltutu1 at aol.com> wrote:
From: Eltutu1 at aol.com <Eltutu1 at aol.com>
Subject: Re: [5-DayForum] Please remove me from your mailing lists.
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thursday, January 1, 2009, 8:45 PM



 

Hi there guys,
?
I live in one of the most business unfriendly state of the Union: New York. 
It doesn't required owners to have a Real Estate License to sell their own 
homes. If that's the case in some other states, their laws need to be repealed. 
Also, such laws are tantamount to losing some of our civil liberties!
?
Emmanuel Laventure


Stay up-to-date on the latest news - from fashion trends to celebrity break-ups and everything in between._______________________________________________
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5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From patricialone at hotmail.com  Thu Jan  1 16:12:07 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Thu, 1 Jan 2009 16:12:07 -0500
Subject: [5-DayForum] Please remove me from your mailing lists.
In-Reply-To: <26170.27827.qm@web45012.mail.sp1.yahoo.com>
References: <d10.40e5eb18.368e8586@aol.com>
	<26170.27827.qm@web45012.mail.sp1.yahoo.com>
Message-ID: <BLU141-W16E4B51D827CC2C724BCBCD2E50@phx.gbl>


Patricia, Michigan, Seller/Landlord, yes, in this day and age, that also equals HELPPP!! That is not a requirement.  Lots of people feel there is a great benefit in it, others do not.  My father was a broker, I have for a limited period of time, been a realtor, I am not licensed and at this time do not plan to become licensed, but I do plan on selling houses.  It is a personal choice really (at least from where I sit... someone correct me if I am wrong).Patricia  

Date: Thu, 1 Jan 2009 12:51:00 -0800From: gary_st_armand at yahoo.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Please remove me from your mailing lists.



What the hell are you talking about? What should owners be required to have a licenseto sell their own house?--- On Thu, 1/1/09, Eltutu1 at aol.com <Eltutu1 at aol.com> wrote:
From: Eltutu1 at aol.com <Eltutu1 at aol.com>Subject: Re: [5-DayForum] Please remove me from your mailing lists.To: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Thursday, January 1, 2009, 8:45 PM

Hi there guys,
 
I live in one of the most business unfriendly state of the Union: New York. It doesn't required owners to have a Real Estate License to sell their own homes. If that's the case in some other states, their laws need to be repealed. Also, such laws are tantamount to losing some of our civil liberties!
 
Emmanuel Laventure


Stay up-to-date on the latest news - from fashion trends to celebrity break-ups and everything in between._______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From jason at jasontropf.com  Thu Jan  1 16:15:48 2009
From: jason at jasontropf.com (Jason Tropf)
Date: Thu, 1 Jan 2009 16:15:48 -0500
Subject: [5-DayForum] Fourth Edition
In-Reply-To: <495D26D9.7030302@effros.com>
References: <495CECDC.2090909@effros.com>	<C4EB7EA197F8C541B94046AE4E552D8801B55110@pandora.socket.net>
	<495D26D9.7030302@effros.com>
Message-ID: <003e01c96c56$1e968ce0$5bc3a6a0$@com>

I?m a Realtor in Orlando, Florida.  I?ve sold an investment property to someone who wanted me to list the home for him after he remodeled it.  Instead of taking 3% which I didn?t see him being able to afford I explained the whole 5 day method to him so that he could save some money and hopefully continue to do business with me instead of sinking. His feedback was that he got  a few phone calls, no one showed up, no offers.  My only thought was it must take 10 times more promotion to get the amount of people looking that it takes to generate an offer.

 

Anyone who has successfully sold a home with this method please tell me the amount of marketing you did to generate enough ?lookers? to find your buyer.

 

Thanks,

Jason Tropf

 

From: 5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Thursday, January 01, 2009 3:26 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Fourth Edition

 

Don't hold your breath!

I'm just starting to set it up now.

You can know what I'm thinking if you ask on this list.  At first I will just give you outlines, and listen to feedback.

Bill Effros

PS -- Please sign your name every time so everyone will know who we are talking to.



Betty Pauley wrote: 

When will the Fourth Edition be available?
 
        -----Original Message----- 
        From: 5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com on behalf of Bill Effros 
        Sent: Thu 1/1/2009 10:18 AM 
        To: 5-dayforum at mailman.howtosellyourhomein5days.com 
        Cc: 
        Subject: [5-DayForum] Fourth Edition
        
        
 
        Thanks to all who have been minding the store while I've been away.
        
        I am working on the Fourth Edition of How to Sell Your Home in 5-Days.
        
        It's not very different from the Third Edition, it just addresses
        concerns people have relating to changed market conditions, and tries to
        clear up more areas that either I didn't understand when I wrote the
        previous text, or didn't explain well enough, as suggested by questions
        to this Forum.
        
        As always, everything I've got to say is open to challenge.
        
        I will be providing more and more "stock answers" as I develop the new
        text, and I appreciate your feedback on market conditions, your
        experiences, etc.
        
        Thanks especially to those who maintained order in my absence,
        
        Bill Effros
        
        
        
        
        _______________________________________________
        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 Jan  1 16:31:39 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 01 Jan 2009 16:31:39 -0500
Subject: [5-DayForum] Fourth Edition
In-Reply-To: <003e01c96c56$1e968ce0$5bc3a6a0$@com>
References: <495CECDC.2090909@effros.com>	<C4EB7EA197F8C541B94046AE4E552D8801B55110@pandora.socket.net>	<495D26D9.7030302@effros.com>
	<003e01c96c56$1e968ce0$5bc3a6a0$@com>
Message-ID: <495D363B.4060107@effros.com>

Jason,

It's not the marketing, it's the price.

Your investor won't be able to get his price in this market no matter 
how much he advertises.

The 5-Day Method does not change the market.  It just gets you the exact 
current market value of a property in 5 days.

If your investor got only a few phone calls, that was because the amount 
he listed was substantially more than 50% of the current market value.

Bill Effros, Author



Jason Tropf wrote:
>
> I?m a Realtor in Orlando, Florida.  I?ve sold an investment property 
> to someone who wanted me to list the home for him after he remodeled 
> it.  Instead of taking 3% which I didn?t see him being able to afford 
> I explained the whole 5 day method to him so that he could save some 
> money and hopefully continue to do business with me instead of 
> sinking. His feedback was that he got  a few phone calls, no one 
> showed up, no offers.  My only thought was it must take 10 times more 
> promotion to get the amount of people looking that it takes to 
> generate an offer.
>
>  
>
> Anyone who has successfully sold a home with this method please tell 
> me the amount of marketing you did to generate enough ?lookers? to 
> find your buyer.
>
>  
>
> Thanks,
>
> Jason Tropf
>
>  
>
> *From:* 
> 5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com 
> [mailto:5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com] 
> *On Behalf Of *Bill Effros
> *Sent:* Thursday, January 01, 2009 3:26 PM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] Fourth Edition
>
>  
>
> Don't hold your breath!
>
> I'm just starting to set it up now.
>
> You can know what I'm thinking if you ask on this list.  At first I 
> will just give you outlines, and listen to feedback.
>
> Bill Effros
>
> PS -- Please sign your name every time so everyone will know who we 
> are talking to.
>
>
>
> Betty Pauley wrote:
>
> When will the Fourth Edition be available?
>  
>         -----Original Message----- 
>         From: 5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com <mailto:5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com> on behalf of Bill Effros 
>         Sent: Thu 1/1/2009 10:18 AM 
>         To: 5-dayforum at mailman.howtosellyourhomein5days.com <mailto:5-dayforum at mailman.howtosellyourhomein5days.com> 
>         Cc: 
>         Subject: [5-DayForum] Fourth Edition
>         
>         
>  
>         Thanks to all who have been minding the store while I've been away.
>         
>         I am working on the Fourth Edition of How to Sell Your Home in 5-Days.
>         
>         It's not very different from the Third Edition, it just addresses
>         concerns people have relating to changed market conditions, and tries to
>         clear up more areas that either I didn't understand when I wrote the
>         previous text, or didn't explain well enough, as suggested by questions
>         to this Forum.
>         
>         As always, everything I've got to say is open to challenge.
>         
>         I will be providing more and more "stock answers" as I develop the new
>         text, and I appreciate your feedback on market conditions, your
>         experiences, etc.
>         
>         Thanks especially to those who maintained order in my absence,
>         
>         Bill Effros
>         
>         
>         
>         
>         _______________________________________________
>         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  Thu Jan  1 16:35:41 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 01 Jan 2009 16:35:41 -0500
Subject: [5-DayForum] How To Unsubscribe -- Scott Ames Version
Message-ID: <495D372D.8050401@effros.com>

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

http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
 
2.  Scroll to the bottom where it says  "5-DayForum Subscribers"

3.  Enter your email address

4.  Press: Unsubscribe or edit options

5.  Press the Unsubscribe Button
 


From bill at effros.com  Thu Jan  1 16:39:26 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 01 Jan 2009 16:39:26 -0500
Subject: [5-DayForum] Archives
Message-ID: <495D380E.8010009@effros.com>

The answer to every question asked to date can be found in the Archives.

To View Prior Months' Archives:

www.5-DayForum.com

Click on "About the Forum" link below the 4 blue buttons on the left
side of the home page

Click on "5-DayForum Archives" in the second paragraph of the first topic.

If you are a list member this should give you access to every question
and answer ever posted on the Forum including a downloadable text
version for each month.

You can sort the archives by thread, date, author and subject.

Bill Effros





From bill at effros.com  Thu Jan  1 16:41:44 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 01 Jan 2009 16:41:44 -0500
Subject: [5-DayForum] Introduction
In-Reply-To: <495cf273.c6c1f10a.7be0.5d80@mx.google.com>
References: <495cf273.c6c1f10a.7be0.5d80@mx.google.com>
Message-ID: <495D3898.3090307@effros.com>

Mike,

The 5-Day Method works everywhere in every market.  You will get the top 
end of the current market value in 5 days if you exactly follow the method.

Bill Effros, Author



dakotamhh at gmail.com wrote:
> Hi
>
> I have just joined the forum & preparing to sell my house in the next few months because we will be moving out East in June.  I am curious as to how sales are going for people currently?  I live in  South Dakota, which hasn't been hit really hard yet with layoffs, although houses have not been moving very well for last 6 months.  I have not talked to anyone in this area who has used the 5 day method, so if anyone has some experience in the upper Midwest I would appreciate.  I look forward to future dialogue, this concept really has made me feel more in charge of this big upcoming transaction. 
>
> Mike 
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>   

From patricialone at hotmail.com  Thu Jan  1 15:49:09 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Thu, 1 Jan 2009 15:49:09 -0500
Subject: [5-DayForum] delete my name
In-Reply-To: <000801c96c5a$228ecc50$67ac64f0$@net>
References: <000801c96c5a$228ecc50$67ac64f0$@net>
Message-ID: <BLU141-W12A1FC21C7F637BDC01C55D2E50@phx.gbl>


To do this it appears you need to do one of the following:
 
To subscribe or unsubscribe via the World Wide Web, visit	http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforumor, via email, send a message with subject or body 'help' to	5-dayforum-request at mailman.howtosellyourhomein5days.comYou can reach the person managing the list at	5-dayforum-owner at mailman.howtosellyourhomein5days.comPatricia
 (still suffering in Michigan... ;P)



From: dboger06 at comcast.netTo: 5-DayForum at mailman.howtosellyourhomein5days.comDate: Thu, 1 Jan 2009 15:44:33 -0600Subject: [5-DayForum] delete my name



 
 
Please delete my name from your email address
 
 
Dan Boger
12912 Sturbridge Rd.
Woodbridge, VA 22192
H 571-408-4319
C 571-264-1752
DBoger06 at comcast.net
 
 
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From bill at effros.com  Thu Jan  1 17:11:31 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 01 Jan 2009 17:11:31 -0500
Subject: [5-DayForum] How To Subscribe
Message-ID: <495D3F93.30105@effros.com>

In order to immediately post to the Forum without moderator approval, or
to get full access to the archives, you must subscribe to the 5-DayForum.

If you want to subscribe to the 5-DayForum you must do it for yourself.

1.  Go to the main website:

www.5-DayForum.com

2.  Click on the blue word "Subscribe" 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


From bill at effros.com  Thu Jan  1 17:13:25 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 01 Jan 2009 17:13:25 -0500
Subject: [5-DayForum] Why Can't I Post?
Message-ID: <495D4005.6080403@effros.com>

You must join the 5-Day Forum to freely post.

Each message posted by non-members must first be cleared by me.  This is
how I filter out the spammers.  Sometimes I'm not on top of all messages
posted to the Forum, so a message waits for me to find it before going
through.

Even after you become a member, the first time you post, it must go
through me.  If I remember to clear your "moderator" flag, all
subsequent posts go directly to the Forum, without waiting for my
approval.  I remember most of the time.

If you are in "Digest" mode, you won't know you have posted until you
get the next Digest.

Once you're a member of the Forum, you can change your subscription
around to suit yourself.  You can go into digest mode so you only get
one e-mail a day.  You can go into vacation mode, so you don't get any
e-mail, but you retain the ability to post to the list when you choose
to do so.

If you look in the subject line and it says within brackets "5-DayForum"
that means it came through the list server, and everyone else on the
list got the same message.

If your e-mail is not posting, even after you're on the list, send
yourself a carbon copy at the same time you send to the list.  If you
don't get the copy, the problem is on your end.  If you do get the copy,
but the email doesn't post to the Forum, it is likely it really did post
to the Forum, as well, and you should get a reply at some point if you
wait, or look around in your own computer.

Check the security settings on your computer.  Because of the high
volume of email, some spam filters will identify the 5-DayForum as spam,
and throw some stuff into your junk folder.  If you find some 5-DayForum
email in your junk folder, set your spam filter to accept all incoming
email from "www.5-DayForum.com".

If my server goes down, which sometimes happens, you won't get
any 5-DayForum email from anyone until we fix my server on my end.  At
that point, you'll get everything posted while we were down.  The server
isn't smart enough to arbitrarily discriminate against you.

Bill Effros


From bill at effros.com  Thu Jan  1 17:15:10 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 01 Jan 2009 17:15:10 -0500
Subject: [5-DayForum] Digest Mode
Message-ID: <495D406E.6060700@effros.com>

If you are getting too much email from this list, you can switch to
"Digest" mode--a single email containing all the email sent back and
forth since the previous digest.


1.  Go to the main website:

www.5-DayForum.com

2.  Click on the blue words "Your Account" on the left side of the home
page.

3.  Fill in the email address of your subscription in the box provided
for "Unsubscribe or edit options" at the bottom of the page.

4.  Follow the instructions.


Please note, you can change several other options to make the 5-Day
Forum work better for you.  You can switch the options back and forth at
will, at any time.


Bill Effros



From lili at lilioday.com  Thu Jan  1 17:14:12 2009
From: lili at lilioday.com (O'Day, Lili)
Date: Thu, 1 Jan 2009 17:14:12 -0500
Subject: [5-DayForum] 5 Day Sale on Pre-Foreclosure Properties
In-Reply-To: <495D10B6.2050805@effros.com>
Message-ID: <E8687DEB9C959E488879896C3F6D00110F724616@winxbeus12.exchange.xchg>

Happy New Year to all!

I'm a real estate broker both in Florida (Naples/Marco Island) and Illinois (Chicagoland) and I'm going to try the 5 day sale method. I'm going to try first selling one of my own properties in the Naples Florida to get the system down, then try to sell some of preforecloure properties that I have listed  that need to be short saled, On pre-foreclosures. the banks want offers on  the property  in default (any offer that is reasonable) to keep foreclosure at bay..In a typical short sale. the bank pays all of the real estate commission  so I think that this method would be ideal. I beleive that  I would just need to disclose to the winning bid that the offer is subject to bank approval  Have any realtors tried this on short sales?  Property values in Florida in our area, have already plummeted to 1/2 of original selling prices, so in setting a price on a 5 day sale, if I understand it correctly, the initial price really doesn't matter, since the market sets the price for a final sale, so If I start at 1/4 of the original price, I should get some decent traffic through the properties. If documented properly, I think there would be a decent chance of getting the round robin price accepted by the asset manager at the bank.

Are there any real estate brokers on this forum who have tried this?   If so, what about advertising and disclosure that a real estate agent is doing this... if repesenting a seller?


Lili O'Day

________________________________
From: 5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Thursday, January 01, 2009 12:52 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Fourth Edition

Thanks, Rosemarie,

Happy New Year to you, too.

And thanks for all the work you've done on the list--I've been lurking.

B.



rosemarie-fred wrote:

HAPPY NEW YEAR!!
Welcome back, Bill, we have missed you.
Rosemarie

----- Original Message -----
From: "Bill Effros" <bill at effros.com><mailto:bill at effros.com>
To: <5-dayforum at mailman.howtosellyourhomein5days.com><mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, January 01, 2009 11:18 AM
Subject: [5-DayForum] Fourth Edition




Thanks to all who have been minding the store while I've been away.

I am working on the Fourth Edition of How to Sell Your Home in 5-Days.

It's not very different from the Third Edition, it just addresses
concerns people have relating to changed market conditions, and tries to
clear up more areas that either I didn't understand when I wrote the
previous text, or didn't explain well enough, as suggested by questions
to this Forum.

As always, everything I've got to say is open to challenge.

I will be providing more and more "stock answers" as I develop the new
text, and I appreciate your feedback on market conditions, your
experiences, etc.

Thanks especially to those who maintained order in my absence,

Bill Effros




_______________________________________________
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


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From bill at effros.com  Thu Jan  1 17:16:31 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 01 Jan 2009 17:16:31 -0500
Subject: [5-DayForum] Vacation Mode
Message-ID: <495D40BF.9040006@effros.com>

If you want to remain a member of this list without getting any mail,
you can switch to "Vacation" mode.  You will retain your membership
status (ability to view all archives and download; ability to post
directly to the Forum without a moderator review) and you will be able
to change back to any non-vacation mode at will.

1.  Go to the main website:

www.5-DayForum.com

2.  Click on the blue words "Your Account" on the left side of the home
page.

3.  Fill in the email address of your subscription in the box provided
for "Unsubscribe or edit options" at the bottom of the page.

4.  Disable the "Mail Delivery" box.


Please note, you can change several other options to make the 5-Day
Forum work better for you.  You can switch the options back and forth at
any time.


Bill Effros


From bill at effros.com  Thu Jan  1 17:21:13 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 01 Jan 2009 17:21:13 -0500
Subject: [5-DayForum] 5 Day Sale on Pre-Foreclosure Properties
In-Reply-To: <E8687DEB9C959E488879896C3F6D00110F724616@winxbeus12.exchange.xchg>
References: <E8687DEB9C959E488879896C3F6D00110F724616@winxbeus12.exchange.xchg>
Message-ID: <495D41D9.8070300@effros.com>

Lili,

Your pricing is right.  If you can't get 25 responses by Friday 1/4 of 
the original price still isn't low enough.

There's a guy on a radio program in Chicago who has been doing Short 
Sales using the 5-Day Method for a couple of years.  He knows what's 
going on in the market up there.

If you don't know who this is (the name "Mark...Eakins?" sort of rings a 
bell) I'll look him up in my publicity file.

LMK,

Bill Effros, Author



O'Day, Lili wrote:
> Happy New Year to all!
>  
> I'm a real estate broker both in Florida (Naples/Marco Island) and 
> Illinois (Chicagoland) and I'm going to try the 5 day sale method. I'm 
> going to try first selling one of my own properties in the Naples 
> Florida to get the system down, then try to sell some of preforecloure 
> properties that I have listed  that need to be short saled, On 
> pre-foreclosures. the banks want offers on  the property  in default 
> (any offer that is reasonable) to keep foreclosure at bay..In a 
> typical short sale. the bank pays all of the real estate 
> commission  so I think that this method would be ideal. I beleive that 
>  I would just need to disclose to the winning bid that the offer is 
> subject to bank approval  Have any realtors tried this on short 
> sales?  Property values in Florida in our area, have already plummeted 
> to 1/2 of original selling prices, so in setting a price on a 5 day 
> sale, if I understand it correctly, the initial price really doesn't 
> matter, since the market sets the price for a final sale, so If I 
> start at 1/4 of the original price, I should get some decent 
> traffic through the properties. If documented properly, I think 
> there would be a decent chance of getting the round robin price 
> accepted by the asset manager at the bank.
>  
> Are there any real estate brokers on this forum who have tried 
> this?   If so, what about advertising and disclosure that a real 
> estate agent is doing this... if repesenting a seller?  
>  
>  
> Lili O'Day
>
> ------------------------------------------------------------------------
> *From:* 
> 5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com 
> [mailto:5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com] 
> *On Behalf Of *Bill Effros
> *Sent:* Thursday, January 01, 2009 12:52 PM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] Fourth Edition
>
> Thanks, Rosemarie,
>
> Happy New Year to you, too.
>
> And thanks for all the work you've done on the list--I've been lurking.
>
> B.
>
>
>
> rosemarie-fred wrote:
>> HAPPY NEW YEAR!!
>> Welcome back, Bill, we have missed you.
>> Rosemarie
>>
>> ----- Original Message ----- 
>> From: "Bill Effros" <bill at effros.com>
>> To: <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Sent: Thursday, January 01, 2009 11:18 AM
>> Subject: [5-DayForum] Fourth Edition
>>
>>
>>   
>>> Thanks to all who have been minding the store while I've been away.
>>>
>>> I am working on the Fourth Edition of How to Sell Your Home in 5-Days.
>>>
>>> It's not very different from the Third Edition, it just addresses
>>> concerns people have relating to changed market conditions, and tries to
>>> clear up more areas that either I didn't understand when I wrote the
>>> previous text, or didn't explain well enough, as suggested by questions
>>> to this Forum.
>>>
>>> As always, everything I've got to say is open to challenge.
>>>
>>> I will be providing more and more "stock answers" as I develop the new
>>> text, and I appreciate your feedback on market conditions, your
>>> experiences, etc.
>>>
>>> Thanks especially to those who maintained order in my absence,
>>>
>>> Bill Effros
>>>
>>>
>>>
>>>
>>> _______________________________________________
>>> 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 Loveandmoney05 at aol.com  Thu Jan  1 18:08:19 2009
From: Loveandmoney05 at aol.com (Loveandmoney05 at aol.com)
Date: Thu, 1 Jan 2009 18:08:19 EST
Subject: [5-DayForum] Fourth Edition
Message-ID: <d59.36049cc4.368ea6e3@aol.com>

Well, it doesn't sound like he followed the book.
Danielle
 
 
In a message dated 1/1/2009 4:17:10 P.M. Eastern Standard Time,  
jason at jasontropf.com writes:

 
I?m  a Realtor in Orlando, Florida.  I?ve sold an investment property to  
someone who wanted me to list the home for him after he remodeled it.   Instead 
of taking 3% which I didn?t see him being able to afford I explained  the 
whole 5 day method to him so that he could save some money and hopefully  continue 
to do business with me instead of sinking. His feedback was that he  got  a 
few phone calls, no one showed up, no offers.  My only  thought was it must 
take 10 times more promotion to get the amount of people  looking that it takes 
to generate an offer. 
Anyone  who has successfully sold a home with this method please tell me the 
amount of  marketing you did to generate enough ?lookers? to find your  
buyer. 
Thanks, 
Jason  Tropf 
 
 
From:  
5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com  
[mailto:5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com]  On Behalf Of Bill Effros
Sent: Thursday, January 01, 2009  3:26 PM
To: How To Sell Your Home in 5-Days
Subject: Re:  [5-DayForum] Fourth Edition

Don't hold your breath!

I'm just starting to set it  up now.

You can know what I'm thinking if you ask on this list.   At first I will 
just give you outlines, and listen to feedback.

Bill  Effros

PS -- Please sign your name every time so everyone will know who  we are 
talking to.



Betty Pauley wrote: 
When will the Fourth Edition be available?
 
        -----Original Message----- 
        From: 
_5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com)  on behalf of Bill Effros 
        Sent: Thu 1/1/2009 10:18 AM 
        To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com)  
        Cc: 
        Subject: [5-DayForum] Fourth Edition
        
        
 
        Thanks to all who have been minding the store while I've been away.
        
        I am working on the Fourth Edition of How to Sell Your Home in 5-Days.
        
        It's not very different from the Third Edition, it just addresses
        concerns people have relating to changed market conditions, and tries 
to
        clear up more areas that either I didn't understand when I wrote the
        previous text, or didn't explain well enough, as suggested by 
questions
        to this Forum.
        
        As always, everything I've got to say is open to challenge.
        
        I will be providing more and more "stock answers" as I develop the new
        text, and I appreciate your feedback on market conditions, your
        experiences, etc.
        
        Thanks especially to those who maintained order in my absence,
        
        Bill Effros
        
        
        
        
        _______________________________________________
        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) 
        
 
  
 
 
____________________________________




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


**************New year...new news.  Be the first to know what is making 
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From patricialone at hotmail.com  Thu Jan  1 18:16:49 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Thu, 1 Jan 2009 18:16:49 -0500
Subject: [5-DayForum] Archives
In-Reply-To: <495D380E.8010009@effros.com>
References: <495D380E.8010009@effros.com>
Message-ID: <BLU141-W16F405FBFF127913076FCDD2E50@phx.gbl>


Patricia, Michigan, Seller/Landlord, in this day and age (for me), that also equals HELPPP!! There it is!  Thank you Bill.Patricia  > Date: Thu, 1 Jan 2009 16:39:26 -0500> From: bill at effros.com> To: 5-dayforum at mailman.howtosellyourhomein5days.com> Subject: [5-DayForum] Archives> > The answer to every question asked to date can be found in the Archives.> > To View Prior Months' Archives:> > www.5-DayForum.com> > Click on "About the Forum" link below the 4 blue buttons on the left> side of the home page> > Click on "5-DayForum Archives" in the second paragraph of the first topic.> > If you are a list member this should give you access to every question> and answer ever posted on the Forum including a downloadable text> version for each month.> > You can sort the archives by thread, date, author and subject.> > Bill Effros> > > > > _______________________________________________> 5-DayForum mailing list> 5-DayForum at mailman.howtosellyourhomein5days.com> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From Loveandmoney05 at aol.com  Thu Jan  1 18:26:21 2009
From: Loveandmoney05 at aol.com (Loveandmoney05 at aol.com)
Date: Thu, 1 Jan 2009 18:26:21 EST
Subject: [5-DayForum] 5 Day Sale on Pre-Foreclosure Properties
Message-ID: <c6c.3e9a29df.368eab1d@aol.com>

Lili,
I'm not an agent/broker.  I'm an investor negitiating short sales for  mysel, 
other investors as well as retail buyers whose broker contracts with  me.  My 
only caution to you is this - pick your buyer carefully.  the  highest bidder 
must be willing to have the patience to not have an answer from  the bank for 
weeks and potentially months.  even the best SS negotiator has  some files 
that cant be closed quickly.  Many of my retail buyers walk  before the process 
is complete as it takes too long.  The banks are getting  better but the 
process is often more than Joe & Sally wish to deal with even  when you do your 
best to prepare them.
Danielle
Buyer/seller/investor
 
 
In a message dated 1/1/2009 5:16:51 P.M. Eastern Standard Time,  
lili at lilioday.com writes:

 
Happy New Year to all!
 
I'm a real estate broker both in Florida  (Naples/Marco Island) and Illinois 
(Chicagoland) and I'm going to  try the 5 day  sale method. I'm going to try 
first selling one of my  own properties in the Naples Florida to get the system 
down, then try to sell  some of preforecloure properties that I  have listed  
that need to be short saled, On pre-foreclosures. the  banks want offers on  
the property  in default (any offer that is reasonable) to keep foreclosure at 
 bay..In a typical short sale. the bank pays all of the real estate 
commission  so I think  that this method would be ideal. I beleive that  I would just 
need to disclose to  the winning bid that the offer is subject to bank approval 
 Have any realtors tried this on short  sales?  Property values in Florida  
in our area, have already plummeted to 1/2 of original selling  prices, so in 
setting a price on a 5 day sale, if I understand it  correctly, the initial 
price  really doesn't matter,  since the market sets the price for a final sale, 
so If I start  at 1/4 of the original price, I should get some decent  traffic 
through the properties. If documented properly, I think there would be a 
decent chance of getting the round robin price accepted by the  asset manager at 
the bank.
 
Are there any real estate brokers on this forum who have tried  this?   If 
so, what about advertising and disclosure  that a real estate agent is doing 
this... if repesenting a  seller?  
 

 
Lili  O'Day

 
____________________________________
 From:  
5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com  
[mailto:5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com]  On Behalf Of Bill Effros
Sent: Thursday, January 01, 2009  12:52 PM
To: How To Sell Your Home in 5-Days
Subject: Re:  [5-DayForum] Fourth Edition



Thanks, Rosemarie,

Happy New Year to you, too.

And  thanks for all the work you've done on the list--I've been  lurking.

B.



rosemarie-fred wrote:  
HAPPY NEW YEAR!!

Welcome back, Bill, we have missed you.

Rosemarie



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

From: "Bill Effros" _<bill at effros.com>_ (mailto:bill at effros.com) 

To: _<5-dayforum at mailman.howtosellyourhomein5days.com>_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 

Sent: Thursday, January 01, 2009 11:18 AM

Subject: [5-DayForum] Fourth Edition





  

Thanks to all who have been minding the store while I've been away.



I am working on the Fourth Edition of How to Sell Your Home in 5-Days.



It's not very different from the Third Edition, it just addresses

concerns people have relating to changed market conditions, and tries to

clear up more areas that either I didn't understand when I wrote the

previous text, or didn't explain well enough, as suggested by questions

to this Forum.



As always, everything I've got to say is open to challenge.



I will be providing more and more "stock answers" as I develop the new

text, and I appreciate your feedback on market conditions, your

experiences, etc.



Thanks especially to those who maintained order in my absence,



Bill Effros









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

    



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_5-DayForum at mailman.howtosellyourhomein5days.com_ 
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_http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum_ 
(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


**************New year...new news.  Be the first to know what is making 
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From bpauley at a2scolumbiamo.com  Thu Jan  1 18:33:46 2009
From: bpauley at a2scolumbiamo.com (Betty Pauley)
Date: Thu, 1 Jan 2009 17:33:46 -0600
Subject: [5-DayForum] Success Ratio
References: <495D380E.8010009@effros.com>
	<BLU141-W16F405FBFF127913076FCDD2E50@phx.gbl>
Message-ID: <C4EB7EA197F8C541B94046AE4E552D8801B55112@pandora.socket.net>

My name is Betty Pauley, I am a Realtor in Columbia Missouri.
 
I have used this method six times, five of the six the homes were sold as a direct result of the sale.  I follow the book very closely, but also utilize the MLS and the Realtor Network.  Two of the five buyers were represented by a Realtor.  I put comments in the MLS remarks section giving information about the sale.  Other Realtors in the community are now starting to copy the method.  I am also getting referrals from other Realtors who do not want to use the method.
 
I make sure that there is equity in the property to pay my fee.  The one home that did not sell had no equity and wound up being reposessed.  I learned my lesson from that one. 
 
I place a small classified ad to run Wednesday thru Sunday, hold the home open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I purchased the sign package and put signs out everywhere.  If the owner is willing and available, I have them with me at the open houses to answer questions.  I also put the owners phone number on the sign and ad to take the calls. 
 
I make it very clear to all potential bidders that nothing is binding until it is in writing on either the buyers or sellers part.  I also state that there is an undisclosed reserve.  When asked what it is,  I just smile sweetly and say 'its undisclosed'....
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From Loveandmoney05 at aol.com  Thu Jan  1 18:34:55 2009
From: Loveandmoney05 at aol.com (Loveandmoney05 at aol.com)
Date: Thu, 1 Jan 2009 18:34:55 EST
Subject: [5-DayForum] Lets Sort Ourselves Out
Message-ID: <c2d.4ef2b722.368ead1f@aol.com>

Bill,
Glad to "see" you again.  you have been missed.  i havent been on  much as i 
just had a baby and have been busy with that and getting some  properties 
rented.  I'm not selling for the time being.
Danielle
 
 
In a message dated 1/1/2009 4:02:43 P.M. Eastern Standard Time,  
bill at effros.com writes:

This  list is huge, and it's likely to become very active over the next 
several  months.

Everyone's mailbox is going to bulge with 5-Day Forum  postings.

Lets try to observe some strict rules.

1.  I  won't permit any more posting to this list by non-members.  If you  
want to interact, you must sign up.

2.  If you sign up and  want to leave, you've got to do it for yourself! 
It's the reverse of  signing up.  I will post information on how to do 
these things from  time to time.

3. Learn how to use "filters" in your email program so  that you can move 
5-DayForum email directly into the folder you will view  it from, without 
clogging your In Box.  (Again, I will post for those  who don't already 
know.)

4.  Put yourself into "Digest Mode"  or "Vacation Mode" if you want to 
retain your list privileges without  receiving an overwhelming amount of 
daily email.

5.  Use the  subject line so others can follow discussions.  Make sure 
the subject  line reflects the content.  Multiple short subjects are 
better than  huge documents that no one has the time to read all the way 
through.   (The exception is narrative descriptions of sales--Here we ask 
for the  following format-- City-State-Day.  In my case that would be  
Greenwich-Ct-Day 1.  Then you would tell in the body what happened  that 
day, and people on the list could help you while your sale is in  progress.

6.  Let's announce who we are, and why we are here in  every email.  So, 
I would be Bill Effros, Author.  And you might  be Jane Doe, Seller.  Or 
Mike Smith, Buyer.  Or Bob Cole,  Agent.  etc.  Again, this will allow 
people to more easily sort  through the daily email and the archives.

I'll formalize the things  that work, and drop the things that don't.

Bill Effros,  Author


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**************New year...new news.  Be the first to know what is making 
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From sheritorres at yahoo.com  Thu Jan  1 19:17:44 2009
From: sheritorres at yahoo.com (Sheri Torres)
Date: Thu, 1 Jan 2009 16:17:44 -0800 (PST)
Subject: [5-DayForum] Please remove me from your mailing lists.
In-Reply-To: <mailman.581.1230852389.1683.5-dayforum@mailman.howtosellyourhomein5days.com>
Message-ID: <34006.16638.qm@web37308.mail.mud.yahoo.com>











--- On Thu, 1/1/09, 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 22, Issue 2
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thursday, January 1, 2009, 6:26 PM

Send 5-DayForum mailing list submissions to
	5-dayforum at mailman.howtosellyourhomein5days.com

To subscribe or unsubscribe via the World Wide Web, visit
	http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

or, via email, send a message with subject or body 'help' to
	5-dayforum-request at mailman.howtosellyourhomein5days.com

You can reach the person managing the list at
	5-dayforum-owner at mailman.howtosellyourhomein5days.com

When replying, please edit your Subject line so it is more specific
than "Re: Contents of 5-DayForum digest..."
Today's Topics:

   1. Please remove me from your mailing lists. (Sheri Torres)
   2. Re: Fourth Edition (rosemarie-fred)
   3. Introduction (dakotamhh at gmail.com)
   4. Re: Fourth Edition (Bill Effros)
   5. Re: Fourth Edition (Betty Pauley)
   6. Re: Fourth Edition (Eltutu1 at aol.com)
   7. Re: Fourth Edition (Bill Effros)
   8. Archives (Patricia)
   9. Re: Fourth Edition (Eltutu1 at aol.com)
  10. delete my name (dan boger)
  11. Re: Please remove me from your mailing lists. (Eltutu1 at aol.com)
  12. Re: Fourth Edition (Patricia Lone)
  13. Lets Sort Ourselves Out (Bill Effros)
  14. Re: Please remove me from your mailing lists. (Gary St. Armand)
  15. Re: Please remove me from your mailing lists. (Patricia Lone)
  16. Re: Fourth Edition (Jason Tropf)
  17. Re: Fourth Edition (Bill Effros)
  18. How To Unsubscribe -- Scott Ames Version (Bill Effros)
  19. Archives (Bill Effros)
  20. Re: Introduction (Bill Effros)
  21. Re: delete my name (Patricia Lone)
  22. How To Subscribe (Bill Effros)
  23. Why Can't I Post? (Bill Effros)
  24. Digest Mode (Bill Effros)
  25. 5 Day Sale on Pre-Foreclosure Properties (O'Day, Lili)
  26. Vacation Mode (Bill Effros)
  27. Re: 5 Day Sale on Pre-Foreclosure Properties (Bill Effros)
  28. Re: Fourth Edition (Loveandmoney05 at aol.com)
  29. Re: Archives (Patricia Lone)
  30. Re: 5 Day Sale on Pre-Foreclosure Properties
      (Loveandmoney05 at aol.com)















--- On Thu, 1/1/09, 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 22, Issue 1
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thursday, January 1, 2009, 12:00 PM

Send 5-DayForum mailing list submissions to
	5-dayforum at mailman.howtosellyourhomein5days.com

To subscribe or unsubscribe via the World Wide Web, visit
	http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

or, via email, send a message with subject or body 'help' to
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Today's Topics:

   1. Re: Buyer Agency (Keith R. Pinster)
   2. Re: Buyer Agency (Keith R. Pinster)
   3. Re: staging and Craigslist (Keith R. Pinster)
   4. Re: staging and Craigslist (Dutch Revenboer)
   5. Re: Sale diary day 2 (rocky at oceanrei.com)
   6. Re: Sale diary day 2 (Liz Bacall)
   7. Re: Buyer Agency (James Fleming)
   8. Re: Buyer Agency (Dutch Revenboer)
   9. Re: Sale diary day 2 (j crafor)
  10. Re: Sale diary day 2 (Anthony Norton)
  11. Fourth Edition (Bill Effros)







Hi Dutch.? I think you missed the part where I said I would get my realtor license before starting this.
?




From: Dutch Revenboer [mailto:flyingnutjob at gmail.com] 
Sent: Tuesday, December 30, 2008 5:20 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Buyer Agency
? 
I believe what he is proposing breaks the law in all 50 states.? You can't sell real estate without a license unless you have equitable interest in the property.? Nor can you represent a buyer or a seller in the transaction.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com



On Tue, Dec 30, 2008 at 5:52 PM, RC Cutcher <rcutcher at austin.rr.com> wrote:


Keith states:

?

Well, my concept here is to actually find the buyer in the first place.? Not
to bring an existing buyer into the sale.? Like I said, my concept is to do
this for REO properties that are not moving, and this wouldn't be much more
than an open house to get a group of potential buyers into a property.? The
person with the highest offer would then become my buyer.? 

Keith,

Well, ?based on the previous paragraph you wouldn't actually start representing the buyer until he/she won the bid.?? If you are aiming to do this for REO Companies and their Listing Agent, then they are basically your main interest, focus, and client. If you don't see a problem with that, it is probably because you haven't?reviewed in detail the buyer agency responsibility owed to clients by?the Realtor.? There are several potential legal?problems in representing a buyer for one particular house with one particular listing agent, with the goal of getting that one house under contract.? It probably is sometimes done with good?intentions and good ethics, but it would certainly be an exception for a buyer to choose an agent based on the fact that you convinced them that you had somehow looked out after their interest to single out that one home, and have a relationship developed with the Listing Company.?

?

?The example of it appears to be?out of bounds of good real estate practice, in my?view.? Maybe we can get some other comments.? Thanks.

?

RC Cutcher

Austin Texas Homes, LLC

www.austintexashomes.com

? 

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






Hi James.? I think you and Dutch missed the part where I said I was going to get my license before doing this.? I understand that I can?t represent a buyer if I?m not licensed.? As far as I?m concerned, this is obvious.? If the property is listed, the listing agent would have no compunction, desire, or requirement to share the commission with me if I am not an agent.
?




From: James Fleming [mailto:jamesfleming.realestate at gmail.com] 
Sent: Tuesday, December 30, 2008 5:43 PM
To: ' How To Sell Your Home in 5-Days '
Subject: Re: [5-DayForum] Buyer Agency
? 
I agree with Dutch.? If you have any doubt about this, you do not have to take our word for it.? Simply contact your state?s real estate division.? Explain your plan and ask if it requires you to be licensed. 
? 

James Fleming, NAR
Realtor Partner?| Keller Williams Premier Partners Realty 
915 Broadway, First Floor, Vancouver WA 98660 ??? 
' 360.771.3003 |? 7?360.702.0777 
* jamesfleming.realestate at gmail.com 




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 Dutch Revenboer
Sent: Tuesday, December 30, 2008 5:20 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Buyer Agency
? 
I believe what he is proposing breaks the law in all 50 states.? You can't sell real estate without a license unless you have equitable interest in the property.? Nor can you represent a buyer or a seller in the transaction.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com 

On Tue, Dec 30, 2008 at 5:52 PM, RC Cutcher <rcutcher at austin.rr.com> wrote:


Keith states:

?

Well, my concept here is to actually find the buyer in the first place.? Not
to bring an existing buyer into the sale.? Like I said, my concept is to do
this for REO properties that are not moving, and this wouldn't be much more
than an open house to get a group of potential buyers into a property.? The
person with the highest offer would then become my buyer.? 

Keith,

Well, ?based on the previous paragraph you wouldn't actually start representing the buyer until he/she won the bid.?? If you are aiming to do this for REO Companies and their Listing Agent, then they are basically your main interest, focus, and client. If you don't see a problem with that, it is probably because you haven't?reviewed in detail the buyer agency responsibility owed to clients by?the Realtor.? There are several potential legal?problems in representing a buyer for one particular house with one particular listing agent, with the goal of getting that one house under contract.? It probably is sometimes done with good?intentions and good ethics, but it would certainly be an exception for a buyer to choose an agent based on the fact that you convinced them that you had somehow looked out after their interest to single out that one home, and have a relationship developed with the Listing Company.?

?

?The example of it appears to be?out of bounds of good real estate practice, in my?view.? Maybe we can get some other comments.? Thanks.

?

RC Cutcher

Austin Texas Homes, LLC

www.austintexashomes.com

? 

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






I was at a seminar a while back where the speaker was saying that minimal staging is critical.? He gave an example of 2 condos that he was selling.? Both were in exactly the same shape, the exact same size, 1 floor apart (something like the 10th and 11th floors of the building), same side of the building.? One was completely empty and the other had minimal staging.? After several showings of both condos, the one with staging sold first and for about $9k more than the other.? He said he always stages minimally and as far as he is concerned, it always makes a difference.? But he specifically emphasized MINIMAL staging.? I?m not sure what you mean by ?partial?, but I would suspect that would be the most that he would advocate.
?
I think realtors who don?t think it makes a difference, don?t really know how to take advantage of those kind of things.? Or there are other factors involved with the property not selling. 
? 




From: j crafor [mailto:jcrafor at hotmail.com] 
Sent: Wednesday, December 31, 2008 7:38 AM
To: 5-dayforum at mailman.how tosellyour home
Subject: [5-DayForum] staging and Craigslist
? 
Are your houses empty when selling? Do you leave them empty, or do you stage them completely, partially, or minimally? Does staging help an empty house?
?
When talking with realtors, none approved much staging, a few thought a few pieces would be good, while others?disagreed, saying that a few pieces would do more harm than good.
?
I have towels and shower curtain in the baths,?fake flowers for the kitchen shelf, candles in the fireplace to light. There are two tables?with cloths to hold the paperwork, 2 chairs at one so buyers can sit and study the books if they want, and two other chairs for the greeters as needed.?
?
?
Craigslist: Tried several times yesterday to improve my craigslist ad, and couldn't see how to do it, even in the help section. How does one change or delete the ad? I did update my hotpads ad.
?
JCrafor 



It?s the same Hotmail?. If by ?same? you mean up to 70% faster. Get your account now. 

my suggestion and what we do here for our own properties:? I go to a local rental agency, like Aaron Rents or Rent-A-Center, or check with local builders to see who they use.? I almost always stage the dining room, living room and one bedroom, 
?
RENT:?dining table, 4 chairs, sofa, loveseat, coffie table, 2 end tables, queen bed with 2 nightstands and 1 dresser.
?
then, add a? place setting with charger plates, wine?glasses, etc.?add lamps to all the end tables, hang a few cheap paintings around, shower curtain is a positive, lots of knick-knacks that my wife has collected over the years, including some books.? She is also an Arbonne Rep so the bath has some of those products.? ALWAYS have toilet paper on the rolls.

Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com



On Wed, Dec 31, 2008 at 11:33 AM, Keith R. Pinster <keith.pinster at comcast.net> wrote:




I was at a seminar a while back where the speaker was saying that minimal staging is critical.? He gave an example of 2 condos that he was selling.? Both were in exactly the same shape, the exact same size, 1 floor apart (something like the 10th and 11th floors of the building), same side of the building.? One was completely empty and the other had minimal staging.? After several showings of both condos, the one with staging sold first and for about $9k more than the other.? He said he always stages minimally and as far as he is concerned, it always makes a difference.? But he specifically emphasized MINIMAL staging.? I'm not sure what you mean by "partial", but I would suspect that would be the most that he would advocate.
?
I think realtors who don't think it makes a difference, don't really know how to take advantage of those kind of things.? Or there are other factors involved with the property not selling.
?




From: j crafor [mailto:jcrafor at hotmail.com] 
Sent: Wednesday, December 31, 2008 7:38 AM
To: 5-dayforum at mailman.how tosellyour home
Subject: [5-DayForum] staging and Craigslist



?
Are your houses empty when selling? Do you leave them empty, or do you stage them completely, partially, or minimally? Does staging help an empty house?
?
When talking with realtors, none approved much staging, a few thought a few pieces would be good, while others?disagreed, saying that a few pieces would do more harm than good.
?
I have towels and shower curtain in the baths,?fake flowers for the kitchen shelf, candles in the fireplace to light. There are two tables?with cloths to hold the paperwork, 2 chairs at one so buyers can sit and study the books if they want, and two other chairs for the greeters as needed.?
?
?
Craigslist: Tried several times yesterday to improve my craigslist ad, and couldn't see how to do it, even in the help section. How does one change or delete the ad? I did update my hotpads ad.
?
JCrafor



It's the same Hotmail?. If by "same" you mean up to 70% faster. Get your account now.
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



How do I unsubscribe to all these emails? 
Rocky
Ocean Real Estate Ibvestnents, LLC.
Sent from my Verizon Wireless BlackBerry

-----Original Message-----
From: j crafor <jcrafor at hotmail.com>

Date: Wed, 31 Dec 2008 15:41:38 
To: 5-dayforum at mailman.how tosellyour
home<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: [5-DayForum] Sale diary day 2


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#yiv1919110937 #yiv519112951 .hmmessage P {
PADDING-RIGHT:0px;PADDING-LEFT:0px;PADDING-BOTTOM:0px;MARGIN:0px;PADDING-TOP:0px;}
#yiv1919110937 #yiv519112951 {
FONT-SIZE:10pt;FONT-FAMILY:Verdana;}


Holy Cow. I continuously see your emails, and I'm trying to think of what to suggest.
?
Please go to Craigslist to learn how to use Craigslist. All the info you seek is there. I know, because that is how I learned it.
?
Please use the sample ad from the book or don't, but there are just so many times we on the forum can tell you to use the ad in the book.
?
Please do not feel that you need to submit a daily sale diary of what you are doing; if we all did that, none of us would get anything done reading them all and our incoming mail would be filled with diary info.
?
Please do go take the real estate classes so you can get the license you say you want, for whatever state you live in?will know the answers to many of the questions you ask. Every state is different. Dual agency is illegal, but in Florida we have Transaction Agency and Buyer Agents. Your realtor board will know what is/isn't legal in your state. Right now your cart if before your horse. The laws for a home-owner are different than for a Realtor. As it appears your intention is to sell a home now, and you are not licensed, then just follow the book.
?
If you have read the book only once, please read it again -- at least twice. Each time you read it, you will remember more of the system and you will not feel so lost.
?
There are a ton of people who receive every single email we submit, and?we can see how many questions you have and how you are struggling with every single aspect of the process. With all my heart I want to encourage you to stop everything and re-re-read the book.?If you are doing one home as a home-owner, we still request you read the book several times. But especially since you are asking Realtor questions, it would help you more than words can say if you would go ahead and get those classes and your license. If you are seriously wanting to get your license, may I respectfully suggest you make this your New Year's Resolution?
?
HAPPY NEW YEAR TO EVERYONE!? Here's to a great 2009!!!
?
Warmest regards,
Liz Bacall
Palm Beach, FL



From: 5-dayforum-bounces+liz=lizbacall.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+liz=lizbacall.com at mailman.howtosellyourhomein5days.com] On Behalf Of j crafor
Sent: Wednesday, December 31, 2008 10:42 AM
To: 5-dayforum at mailman.how tosellyour home
Subject: [5-DayForum] Sale diary day 2


Craigslist: Tried several times yesterday to improve my craigslist ad, and couldn't see how to do it, even in the help section. How does one change or delete the ad? My ad is already lost in the second page of houses... I have a new ad ready for Thursday.
?
I did update my hotpads ad this morning.
?
Didn't get the copies made, will do it today.
?
Should I do more staging if I can?
?
The handyman never showed up, so need to call another one.
?
Might do a little yard work today.
?
JCrafor



It?s the same Hotmail?. If by ?same? you mean up to 70% faster. Get your account now. 






Hi Keith ? 
?
You are right; I missed the part where you plan to get your license.? Doing so will make all the difference for what you have in mind.? You are also right about the listing agent not being required to pay a commission to a non-licensed agent.? It even goes further than that ? it is illegal for a listing agent to pay a commission in the scenario you describe.? The penalty for such a violation is substantial. 
? 
On the issue of staging ? I heartily agree that staging helps sell property.? In my experience, properly priced and well staged properties always enjoy a competitive edge.? 
? 
Good luck with your plan.? 
? 

James Fleming
Realtor Partner?| Keller Williams Premier Partners Realty 
915 Broadway, First Floor, Vancouver WA 98660 ??? 
' 360.771.3003 |? 7?360.702.0777 
* jamesfleming.realestate at gmail.com 




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 Keith R. Pinster
Sent: Wednesday, December 31, 2008 9:25 AM
To: 'How To Sell Your Home in 5-Days'
Subject: Re: [5-DayForum] Buyer Agency
? 
Hi James.? I think you and Dutch missed the part where I said I was going to get my license before doing this.? I understand that I can?t represent a buyer if I?m not licensed.? As far as I?m concerned, this is obvious.? If the property is listed, the listing agent would have no compunction, desire, or requirement to share the commission with me if I am not an agent. 
? 




From: James Fleming [mailto:jamesfleming.realestate at gmail.com] 
Sent: Tuesday, December 30, 2008 5:43 PM
To: ' How To Sell Your Home in 5-Days '
Subject: Re: [5-DayForum] Buyer Agency
? 
I agree with Dutch.? If you have any doubt about this, you do not have to take our word for it.? Simply contact your state?s real estate division.? Explain your plan and ask if it requires you to be licensed. 
? 

James Fleming, NAR
Realtor Partner?| Keller Williams Premier Partners Realty 
915 Broadway, First Floor, Vancouver WA 98660 ??? 
' 360.771.3003 |? 7?360.702.0777 
* jamesfleming.realestate at gmail.com 




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 Dutch Revenboer
Sent: Tuesday, December 30, 2008 5:20 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Buyer Agency
? 
I believe what he is proposing breaks the law in all 50 states.? You can't sell real estate without a license unless you have equitable interest in the property.? Nor can you represent a buyer or a seller in the transaction.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com 

On Tue, Dec 30, 2008 at 5:52 PM, RC Cutcher <rcutcher at austin.rr.com> wrote:


Keith states:

?

Well, my concept here is to actually find the buyer in the first place.? Not
to bring an existing buyer into the sale.? Like I said, my concept is to do
this for REO properties that are not moving, and this wouldn't be much more
than an open house to get a group of potential buyers into a property.? The
person with the highest offer would then become my buyer.? 

Keith,

Well, ?based on the previous paragraph you wouldn't actually start representing the buyer until he/she won the bid.?? If you are aiming to do this for REO Companies and their Listing Agent, then they are basically your main interest, focus, and client. If you don't see a problem with that, it is probably because you haven't?reviewed in detail the buyer agency responsibility owed to clients by?the Realtor.? There are several potential legal?problems in representing a buyer for one particular house with one particular listing agent, with the goal of getting that one house under contract.? It probably is sometimes done with good?intentions and good ethics, but it would certainly be an exception for a buyer to choose an agent based on the fact that you convinced them that you had somehow looked out after their interest to single out that one home, and have a relationship developed with the Listing Company.?

?

?The example of it appears to be?out of bounds of good real estate practice, in my?view.? Maybe we can get some other comments.? Thanks.

?

RC Cutcher

Austin Texas Homes, LLC

www.austintexashomes.com

? 

_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 
? 
Yes I missed it too.? Best of luck in your new venture.? As the Chinese Proverb says, "May you live in interesting times".? Well, these definitely are!? Especially for Realtors :-)

Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com



On Wed, Dec 31, 2008 at 12:25 PM, James Fleming <jamesfleming.realestate at gmail.com> wrote:




Hi Keith ? 
?
You are right; I missed the part where you plan to get your license.? Doing so will make all the difference for what you have in mind.? You are also right about the listing agent not being required to pay a commission to a non-licensed agent.? It even goes further than that ? it is illegal for a listing agent to pay a commission in the scenario you describe.? The penalty for such a violation is substantial.
?
On the issue of staging ? I heartily agree that staging helps sell property.? In my experience, properly priced and well staged properties always enjoy a competitive edge.? 
?
Good luck with your plan.? 
?

James Fleming

Realtor Partner?| Keller Williams Premier Partners Realty
915 Broadway, First Floor, Vancouver WA 98660??? 
' 360.771.3003 |? 7?360.702.0777 
* jamesfleming.realestate at gmail.com




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 Keith R. Pinster
Sent: Wednesday, December 31, 2008 9:25 AM 



To: 'How To Sell Your Home in 5-Days'
Subject: Re: [5-DayForum] Buyer Agency



?
Hi James.? I think you and Dutch missed the part where I said I was going to get my license before doing this.? I understand that I can't represent a buyer if I'm not licensed.? As far as I'm concerned, this is obvious.? If the property is listed, the listing agent would have no compunction, desire, or requirement to share the commission with me if I am not an agent.
?




From: James Fleming [mailto:jamesfleming.realestate at gmail.com] 
Sent: Tuesday, December 30, 2008 5:43 PM
To: 'How To Sell Your Home in 5-Days'
Subject: Re: [5-DayForum] Buyer Agency
?
I agree with Dutch.? If you have any doubt about this, you do not have to take our word for it.? Simply contact your state's real estate division.? Explain your plan and ask if it requires you to be licensed.
?

James Fleming, NAR
Realtor Partner?| Keller Williams Premier Partners Realty
915 Broadway, First Floor, Vancouver WA 98660??? 
' 360.771.3003 |? 7?360.702.0777 
* jamesfleming.realestate at gmail.com




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 Dutch Revenboer
Sent: Tuesday, December 30, 2008 5:20 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Buyer Agency
?
I believe what he is proposing breaks the law in all 50 states.? You can't sell real estate without a license unless you have equitable interest in the property.? Nor can you represent a buyer or a seller in the transaction.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com

On Tue, Dec 30, 2008 at 5:52 PM, RC Cutcher <rcutcher at austin.rr.com> wrote:


Keith states:

?

Well, my concept here is to actually find the buyer in the first place.? Not
to bring an existing buyer into the sale.? Like I said, my concept is to do
this for REO properties that are not moving, and this wouldn't be much more
than an open house to get a group of potential buyers into a property.? The
person with the highest offer would then become my buyer.? 

Keith,

Well, ?based on the previous paragraph you wouldn't actually start representing the buyer until he/she won the bid.?? If you are aiming to do this for REO Companies and their Listing Agent, then they are basically your main interest, focus, and client. If you don't see a problem with that, it is probably because you haven't?reviewed in detail the buyer agency responsibility owed to clients by?the Realtor.? There are several potential legal?problems in representing a buyer for one particular house with one particular listing agent, with the goal of getting that one house under contract.? It probably is sometimes done with good?intentions and good ethics, but it would certainly be an exception for a buyer to choose an agent based on the fact that you convinced them that you had somehow looked out after their interest to single out that one home, and have a relationship developed with the Listing Company.?

?

?The example of it appears to be?out of bounds of good real estate practice, in my?view.? Maybe we can get some other comments.? Thanks.

?

RC Cutcher

Austin Texas Homes, LLC

www.austintexashomes.com

? 

_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
?
_______________________________________________
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#yiv1919110937 #yiv773918897 .hmmessage P
{
margin:0px;padding:0px;}
#yiv1919110937 #yiv773918897 {
font-size:10pt;font-family:Verdana;}

Oh, gee,
As I read through the archives, Bill constantly asked people to post every day as they approached and completed their sale. 

The reason for being of?every forum is discussion. If the discussion weren't appropriate and desireable, Bill would not have opened the forum, and people would not read/question/respond.

JCrafor



From: liz at lizbacall.com

Holy Cow. I continuously see your emails, and I'm trying to think of what to suggest.

?
There are a ton of people who receive every single email we submit, and?we can see how many questions you have and how you are struggling with every single aspect of the process. 


Send e-mail faster without improving your typing skills. Get your Hotmail? account. 

j,
?
Liz is partially right.? You NEED to READ the book, you seem to want to write your own...I don't understand why you keep wanting to change EVERYTHING in the program.? However, the diary of your sale is helpful.? I am interested in the outcome, especially since you are doing it your way.
?
Tony

On Wed, Dec 31, 2008 at 1:57 PM, j crafor <jcrafor at hotmail.com> wrote:


Oh, gee,
As I read through the archives, Bill constantly asked people to post every day as they approached and completed their sale. 

The reason for being of?every forum is discussion. If the discussion weren't appropriate and desireable, Bill would not have opened the forum, and people would not read/question/respond.

JCrafor



From: liz at lizbacall.com 


Holy Cow. I continuously see your emails, and I'm trying to think of what to suggest.

?

There are a ton of people who receive every single email we submit, and?we can see how many questions you have and how you are struggling with every single aspect of the process. 



Send e-mail faster without improving your typing skills. Get your Hotmail? account.
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


Thanks to all who have been minding the store while I've been away.

I am working on the Fourth Edition of How to Sell Your Home in 5-Days.

It's not very different from the Third Edition, it just addresses concerns
people have relating to changed market conditions, and tries to clear up more
areas that either I didn't understand when I wrote the previous text, or
didn't explain well enough, as suggested by questions to this Forum.

As always, everything I've got to say is open to challenge.

I will be providing more and more "stock answers" as I develop the
new text, and I appreciate your feedback on market conditions, your experiences,
etc.

Thanks especially to those who maintained order in my absence,

Bill Effros





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


HAPPY NEW YEAR!!
Welcome back, Bill, we have missed you.
Rosemarie

----- Original Message ----- 
From: "Bill Effros" <bill at effros.com>
To: <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, January 01, 2009 11:18 AM
Subject: [5-DayForum] Fourth Edition


> Thanks to all who have been minding the store while I've been away.
>
> I am working on the Fourth Edition of How to Sell Your Home in 5-Days.
>
> It's not very different from the Third Edition, it just addresses
> concerns people have relating to changed market conditions, and tries to
> clear up more areas that either I didn't understand when I wrote the
> previous text, or didn't explain well enough, as suggested by
questions
> to this Forum.
>
> As always, everything I've got to say is open to challenge.
>
> I will be providing more and more "stock answers" as I develop
the new
> text, and I appreciate your feedback on market conditions, your
> experiences, etc.
>
> Thanks especially to those who maintained order in my absence,
>
> Bill Effros
>
>
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
>
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 


Hi

I have just joined the forum & preparing to sell my house in the next few
months because we will be moving out East in June.  I am curious as to how sales
are going for people currently?  I live in  South Dakota, which hasn't been
hit really hard yet with layoffs, although houses have not been moving very well
for last 6 months.  I have not talked to anyone in this area who has used the 5
day method, so if anyone has some experience in the upper Midwest I would
appreciate.  I look forward to future dialogue, this concept really has made me
feel more in charge of this big upcoming transaction. 

Mike 



Thanks, Rosemarie,

Happy New Year to you, too.

And thanks for all the work you've done on the list--I've been lurking.

B.



rosemarie-fred wrote: 
HAPPY NEW YEAR!!
Welcome back, Bill, we have missed you.
Rosemarie

----- Original Message ----- 
From: "Bill Effros" <bill at effros.com>
To: <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, January 01, 2009 11:18 AM
Subject: [5-DayForum] Fourth Edition


  
Thanks to all who have been minding the store while I've been away.

I am working on the Fourth Edition of How to Sell Your Home in 5-Days.

It's not very different from the Third Edition, it just addresses
concerns people have relating to changed market conditions, and tries to
clear up more areas that either I didn't understand when I wrote the
previous text, or didn't explain well enough, as suggested by questions
to this Forum.

As always, everything I've got to say is open to challenge.

I will be providing more and more "stock answers" as I develop the new
text, and I appreciate your feedback on market conditions, your
experiences, etc.

Thanks especially to those who maintained order in my absence,

Bill Effros




_______________________________________________
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

  When will the Fourth Edition be available?

	-----Original Message----- 
	From:
5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com
on behalf of Bill Effros 
	Sent: Thu 1/1/2009 10:18 AM 
	To: 5-dayforum at mailman.howtosellyourhomein5days.com 
	Cc: 
	Subject: [5-DayForum] Fourth Edition
	
	

	Thanks to all who have been minding the store while I've been away.
	
	I am working on the Fourth Edition of How to Sell Your Home in 5-Days.
	
	It's not very different from the Third Edition, it just addresses
	concerns people have relating to changed market conditions, and tries to
	clear up more areas that either I didn't understand when I wrote the
	previous text, or didn't explain well enough, as suggested by questions
	to this Forum.
	
	As always, everything I've got to say is open to challenge.
	
	I will be providing more and more "stock answers" as I develop the
new
	text, and I appreciate your feedback on market conditions, your
	experiences, etc.
	
	Thanks especially to those who maintained order in my absence,
	
	Bill Effros
	
	
	
	
	_______________________________________________
	5-DayForum mailing list
	5-DayForum at mailman.howtosellyourhomein5days.com
	http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
	



Hi Bill,
?
The idea of a fourth edition of your book is definitely way overdue. We live in an environment of virtual marketing where everything have something to with automation. It is believed 82% or more people go on line when they want to make purchases of any kind.?As for the market, things are super slow in some areas of the country. The second half of 2008 was one of the worse markets for real estate in more than 20 years.
Like anything, competition is stiff out there. Since the introduction of your first book, real estate investors and consultants have produced their own versions of auctioning houses in 7 days or less!?Some of them claim to be selling houses?at market values or higher, and they have also deviated from your idea of keeping other professionals at bay. In other words, there's a lot of greed involved with some of those people. I'd like you to include more content on internet marketing and automation.
Until next time, a healthy and prosperous 2009.
?
Emmanuel?





Stay up-to-date on the latest news - from fashion trends to celebrity break-ups and everything in between.
Don't hold your breath!

I'm just starting to set it up now.

You can know what I'm thinking if you ask on this list.? At first I will just give you outlines, and listen to feedback.

Bill Effros

PS -- Please sign your name every time so everyone will know who we are talking to.



Betty Pauley wrote: 
When will the Fourth Edition be available?

	-----Original Message----- 
	From: 5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com on behalf of Bill Effros 
	Sent: Thu 1/1/2009 10:18 AM 
	To: 5-dayforum at mailman.howtosellyourhomein5days.com 
	Cc: 
	Subject: [5-DayForum] Fourth Edition
	
	

	Thanks to all who have been minding the store while I've been away.
	
	I am working on the Fourth Edition of How to Sell Your Home in 5-Days.
	
	It's not very different from the Third Edition, it just addresses
	concerns people have relating to changed market conditions, and tries to
	clear up more areas that either I didn't understand when I wrote the
	previous text, or didn't explain well enough, as suggested by questions
	to this Forum.
	
	As always, everything I've got to say is open to challenge.
	
	I will be providing more and more "stock answers" as I develop the new
	text, and I appreciate your feedback on market conditions, your
	experiences, etc.
	
	Thanks especially to those who maintained order in my absence,
	
	Bill Effros
	
	
	
	
	_______________________________________________
	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
  

Where have the archives gone?
?
Also wondering if there are any people on this site who have used the 5 Day Sale process in Michigan, and how it has worked for them??
?
Patricia
?(suffering in Michigan? ? Help...)

Hi once again,
?
This is an update about my full name.
?
Emmanuel Laventure





Stay up-to-date on the latest news - from fashion trends to celebrity break-ups and everything in between.






?
?
Please delete my name from your email address
?
?
Dan Boger
12912 Sturbridge Rd.
Woodbridge, VA 22192
H 571-408-4319
C 571-264-1752
DBoger06 at comcast.net
?
?

Hi there guys,
?
I live in one of the most business unfriendly state of the Union: New York. It doesn't required owners to have a Real Estate License to sell their own homes. If that's the case in some other states, their laws need to be repealed. Also, such laws are tantamount to losing some of our civil liberties!
?
Emmanuel Laventure





Stay up-to-date on the latest news - from fashion trends to celebrity break-ups and everything in between.


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font-size:10pt;font-family:Verdana;}


Hi Bill,

New here and glad to hear that since I just purchased your Third Edition book on the 31st.

Patricia? 



Date: Thu, 1 Jan 2009 15:26:01 -0500
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Fourth Edition

Don't hold your breath!

I'm just starting to set it up now.

You can know what I'm thinking if you ask on this list.? At first I will just give you outlines, and listen to feedback.

Bill Effros

PS -- Please sign your name every time so everyone will know who we are talking to.



Betty Pauley wrote: 

When will the Fourth Edition be available?

	-----Original Message----- 
	From: 5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com on behalf of Bill Effros 
	Sent: Thu 1/1/2009 10:18 AM 
	To: 5-dayforum at mailman.howtosellyourhomein5days.com 
	Cc: 
	Subject: [5-DayForum] Fourth Edition
	
	

	Thanks to all who have been minding the store while I've been away.
	
	I am working on the Fourth Edition of How to Sell Your Home in 5-Days.
	
	It's not very different from the Third Edition, it just addresses
	concerns people have relating to changed market conditions, and tries to
	clear up more areas that either I didn't understand when I wrote the
	previous text, or didn't explain well enough, as suggested by questions
	to this Forum.
	
	As always, everything I've got to say is open to challenge.
	
	I will be providing more and more "stock answers" as I develop the new
	text, and I appreciate your feedback on market conditions, your
	experiences, etc.
	
	Thanks especially to those who maintained order in my absence,
	
	Bill Effros
	
	
	
	
	_______________________________________________
	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
  This list is huge, and it's likely to become very active over the next
several months.

Everyone's mailbox is going to bulge with 5-Day Forum postings.

Lets try to observe some strict rules.

1.  I won't permit any more posting to this list by non-members.  If you
want to interact, you must sign up.

2.  If you sign up and want to leave, you've got to do it for yourself!
It's the reverse of signing up.  I will post information on how to do these
things from time to time.

3. Learn how to use "filters" in your email program so that you can
move 5-DayForum email directly into the folder you will view it from, without
clogging your In Box.  (Again, I will post for those who don't already
know.)

4.  Put yourself into "Digest Mode" or "Vacation Mode" if
you want to retain your list privileges without receiving an overwhelming amount
of daily email.

5.  Use the subject line so others can follow discussions.  Make sure the
subject line reflects the content.  Multiple short subjects are better than huge
documents that no one has the time to read all the way through.  (The exception
is narrative descriptions of sales--Here we ask for the following format--
City-State-Day.  In my case that would be Greenwich-Ct-Day 1.  Then you would
tell in the body what happened that day, and people on the list could help you
while your sale is in progress.

6.  Let's announce who we are, and why we are here in every email.  So, I
would be Bill Effros, Author.  And you might be Jane Doe, Seller.  Or Mike
Smith, Buyer.  Or Bob Cole, Agent.  etc.  Again, this will allow people to more
easily sort through the daily email and the archives.

I'll formalize the things that work, and drop the things that don't.

Bill Effros, Author








What the hell are you talking about? What should owners be required to have a license
to sell their own house?

--- On Thu, 1/1/09, Eltutu1 at aol.com <Eltutu1 at aol.com> wrote:

From: Eltutu1 at aol.com <Eltutu1 at aol.com>
Subject: Re: [5-DayForum] Please remove me from your mailing lists.
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thursday, January 1, 2009, 8:45 PM



Hi there guys,
?
I live in one of the most business unfriendly state of the Union: New York. It doesn't required owners to have a Real Estate License to sell their own homes. If that's the case in some other states, their laws need to be repealed. Also, such laws are tantamount to losing some of our civil liberties!
?
Emmanuel Laventure





Stay up-to-date on the latest news - from fashion trends to celebrity break-ups and everything in between._______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



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Patricia, Michigan, Seller/Landlord, yes, in this day and age, that also equals HELPPP!! 

That is not a requirement.? Lots of people feel there is a great benefit in it, others do not.? My father was a broker, I have for a limited period of time, been a realtor, I am not licensed and at this time do not plan to become licensed, but I do plan on selling houses.? It is a personal choice really (at least from where I sit... someone correct me if I am wrong).

Patricia? 




Date: Thu, 1 Jan 2009 12:51:00 -0800
From: gary_st_armand at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Please remove me from your mailing lists.





What the hell are you talking about? What should owners be required to have a license
to sell their own house?

--- On Thu, 1/1/09, Eltutu1 at aol.com <Eltutu1 at aol.com> wrote:

From: Eltutu1 at aol.com <Eltutu1 at aol.com>
Subject: Re: [5-DayForum] Please remove me from your mailing lists.
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thursday, January 1, 2009, 8:45 PM



Hi there guys,
?
I live in one of the most business unfriendly state of the Union: New York. It doesn't required owners to have a Real Estate License to sell their own homes. If that's the case in some other states, their laws need to be repealed. Also, such laws are tantamount to losing some of our civil liberties!
?
Emmanuel Laventure





Stay up-to-date on the latest news - from fashion trends to celebrity break-ups and everything in between._______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum







I?m a Realtor in Orlando, Florida.? I?ve sold an investment property to someone who wanted me to list the home for him after he remodeled it.? Instead of taking 3% which I didn?t see him being able to afford I explained the whole 5 day method to him so that he could save some money and hopefully continue to do business with me instead of sinking. His feedback was that he got? a few phone calls, no one showed up, no offers.? My only thought was it must take 10 times more promotion to get the amount of people looking that it takes to generate an offer.
?
Anyone who has successfully sold a home with this method please tell me the amount of marketing you did to generate enough ?lookers? to find your buyer.
?
Thanks,
Jason Tropf
?


From: 5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Thursday, January 01, 2009 3:26 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Fourth Edition
?
Don't hold your breath!

I'm just starting to set it up now.

You can know what I'm thinking if you ask on this list.? At first I will just give you outlines, and listen to feedback.

Bill Effros

PS -- Please sign your name every time so everyone will know who we are talking to.



Betty Pauley wrote: When will the Fourth Edition be available? ???????? -----Original Message----- ??????? From: 5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com on behalf of Bill Effros ??????? Sent: Thu 1/1/2009 10:18 AM ??????? To: 5-dayforum at mailman.howtosellyourhomein5days.com ??????? Cc: ??????? Subject: [5-DayForum] Fourth Edition??????? ???????  ???????? Thanks to all who have been minding the store while I've been away.??????? ??????? I am working on the Fourth Edition of How to Sell Your Home in 5-Days.??????? ??????? It's not very different from the Third Edition, it just addresses??????? concerns people have relating to changed market conditions, and tries to??????? clear up more areas that either I didn't understand when I wrote the??????? previous text, or didn't explain well enough, as suggested
 by questions??????? to this Forum.??????? ??????? As always, everything I've got to say is open to challenge.??????? ??????? I will be providing more and more "stock answers" as I develop the new??????? text, and I appreciate your feedback on market conditions, your??????? experiences, etc.??????? ??????? Thanks especially to those who maintained order in my absence,??????? ??????? Bill Effros??????? ??????? ??????? ??????? ??????? _______________________________________________??????? 5-DayForum mailing list??????? 5-DayForum at mailman.howtosellyourhomein5days.com??????? http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum???????  ??  ?


 ?_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum? 
Jason,

It's not the marketing, it's the price.

Your investor won't be able to get his price in this market no matter how much he advertises.

The 5-Day Method does not change the market.? It just gets you the exact current market value of a property in 5 days.

If your investor got only a few phone calls, that was because the amount he listed was substantially more than 50% of the current market value.

Bill Effros, Author



Jason Tropf wrote: 






I?m a Realtor in Orlando, Florida.? I?ve sold an investment property to someone who wanted me to list the home for him after he remodeled it.? Instead of taking 3% which I didn?t see him being able to afford I explained the whole 5 day method to him so that he could save some money and hopefully continue to do business with me instead of sinking. His feedback was that he got? a few phone calls, no one showed up, no offers.? My only thought was it must take 10 times more promotion to get the amount of people looking that it takes to generate an offer.
?
Anyone who has successfully sold a home with this method please tell me the amount of marketing you did to generate enough ?lookers? to find your buyer.
?
Thanks,
Jason Tropf
?


From: 5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Thursday, January 01, 2009 3:26 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Fourth Edition
?
Don't hold your breath!

I'm just starting to set it up now.

You can know what I'm thinking if you ask on this list.? At first I will just give you outlines, and listen to feedback.

Bill Effros

PS -- Please sign your name every time so everyone will know who we are talking to.



Betty Pauley wrote: When will the Fourth Edition be available? ???????? -----Original Message----- ??????? From: 5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com on behalf of Bill Effros ??????? Sent: Thu 1/1/2009 10:18 AM ??????? To: 5-dayforum at mailman.howtosellyourhomein5days.com ??????? Cc: ??????? Subject: [5-DayForum] Fourth Edition??????? ???????  ???????? Thanks to all who have been minding the store while I've been away.??????? ??????? I am working on the Fourth Edition of How to Sell Your Home in 5-Days.??????? ??????? It's not very different from the Third Edition, it just addresses??????? concerns people have relating to changed market conditions, and tries to??????? clear up more areas that either I didn't understand when I wrote the??????? previous text, or didn't explain well enough, as suggested
 by questions??????? to this Forum.??????? ??????? As always, everything I've got to say is open to challenge.??????? ??????? I will be providing more and more "stock answers" as I develop the new??????? text, and I appreciate your feedback on market conditions, your??????? experiences, etc.??????? ??????? Thanks especially to those who maintained order in my absence,??????? ??????? Bill Effros??????? ??????? ??????? ??????? ??????? _______________________________________________??????? 5-DayForum mailing list??????? 5-DayForum at mailman.howtosellyourhomein5days.com??????? http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum???????  ??  ?

   ?_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://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
  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

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

2.  Scroll to the bottom where it says  "5-DayForum Subscribers"

3.  Enter your email address

4.  Press: Unsubscribe or edit options

5.  Press the Unsubscribe Button



The answer to every question asked to date can be found in the Archives.

To View Prior Months' Archives:

www.5-DayForum.com

Click on "About the Forum" link below the 4 blue buttons on the left
side of the home page

Click on "5-DayForum Archives" in the second paragraph of the first
topic.

If you are a list member this should give you access to every question
and answer ever posted on the Forum including a downloadable text
version for each month.

You can sort the archives by thread, date, author and subject.

Bill Effros





Mike,

The 5-Day Method works everywhere in every market.  You will get the top end of
the current market value in 5 days if you exactly follow the method.

Bill Effros, Author



dakotamhh at gmail.com wrote:
> Hi
> 
> I have just joined the forum & preparing to sell my house in the next
few months because we will be moving out East in June.  I am curious as to how
sales are going for people currently?  I live in  South Dakota, which hasn't
been hit really hard yet with layoffs, although houses have not been moving very
well for last 6 months.  I have not talked to anyone in this area who has used
the 5 day method, so if anyone has some experience in the upper Midwest I would
appreciate.  I look forward to future dialogue, this concept really has made me
feel more in charge of this big upcoming transaction. 
> Mike 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
>
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
>   




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To do this it appears you need to do one of the following:
?
To subscribe or unsubscribe via the World Wide Web, visit
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

or, via email, send a message with subject or body 'help' to
5-dayforum-request at mailman.howtosellyourhomein5days.com

You can reach the person managing the list at
5-dayforum-owner at mailman.howtosellyourhomein5days.com

Patricia
?(still suffering in Michigan... ;P)







From: dboger06 at comcast.net
To: 5-DayForum at mailman.howtosellyourhomein5days.com
Date: Thu, 1 Jan 2009 15:44:33 -0600
Subject: [5-DayForum] delete my name



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?
?
Please delete my name from your email address
?
?
Dan Boger
12912 Sturbridge Rd.
Woodbridge, VA 22192
H 571-408-4319
C 571-264-1752
DBoger06 at comcast.net
?
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Happy New Year to all!
?
I'm a real estate broker both in Florida (Naples/Marco Island) and Illinois (Chicagoland)?and I'm going to try?the 5?day sale?method.?I'm going to try?first selling one of my own properties in the Naples Florida to get the system down, then try to sell some of preforecloure properties that I have listed ?that need to be short saled,?On pre-foreclosures. the banks want offers on? the property? in default (any offer that is reasonable) to keep foreclosure at bay..In a typical short sale. the bank pays all of the real estate commission??so I think that this method would be ideal. I beleive that ?I would just need to disclose to the winning bid that the offer is subject to bank approval? Have any?realtors tried this on short sales?? Property values in Florida in our area, have already plummeted to 1/2 of original selling prices,?so in setting a price on a 5 day sale, if I understand it correctly, the initial?price really?doesn't matter,
 since?the market sets the price for a final sale, so If I start at?1/4 of the original price, I should get some decent traffic?through the properties. If documented properly,?I think there?would be a decent chance of getting the?round robin price accepted by the asset manager at the bank.
?
Are there any real estate brokers on this forum who have tried this????If so, what about advertising and?disclosure that a real estate agent is doing this... if repesenting a seller???
?
?
Lili O'Day



From: 5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Thursday, January 01, 2009 12:52 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Fourth Edition


Thanks, Rosemarie,

Happy New Year to you, too.

And thanks for all the work you've done on the list--I've been lurking.

B.



rosemarie-fred wrote: 
HAPPY NEW YEAR!!
Welcome back, Bill, we have missed you.
Rosemarie

----- Original Message ----- 
From: "Bill Effros" <bill at effros.com>
To: <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, January 01, 2009 11:18 AM
Subject: [5-DayForum] Fourth Edition


  
Thanks to all who have been minding the store while I've been away.

I am working on the Fourth Edition of How to Sell Your Home in 5-Days.

It's not very different from the Third Edition, it just addresses
concerns people have relating to changed market conditions, and tries to
clear up more areas that either I didn't understand when I wrote the
previous text, or didn't explain well enough, as suggested by questions
to this Forum.

As always, everything I've got to say is open to challenge.

I will be providing more and more "stock answers" as I develop the new
text, and I appreciate your feedback on market conditions, your
experiences, etc.

Thanks especially to those who maintained order in my absence,

Bill Effros




_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
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Bill Effros



Lili,

Your pricing is right.? If you can't get 25 responses by Friday 1/4 of the original price still isn't low enough.

There's a guy on a radio program in Chicago who has been doing Short Sales using the 5-Day Method for a couple of years.? He knows what's going on in the market up there.

If you don't know who this is (the name "Mark...Eakins?" sort of rings a bell) I'll look him up in my publicity file.

LMK,

Bill Effros, Author



O'Day, Lili wrote: 


Happy New Year to all!
?
I'm a real estate broker both in Florida (Naples/Marco Island) and Illinois (Chicagoland)?and I'm going to try?the 5?day sale?method.?I'm going to try?first selling one of my own properties in the Naples Florida to get the system down, then try to sell some of preforecloure properties that I have listed ?that need to be short saled,?On pre-foreclosures. the banks want offers on? the property? in default (any offer that is reasonable) to keep foreclosure at bay..In a typical short sale. the bank pays all of the real estate commission??so I think that this method would be ideal. I beleive that ?I would just need to disclose to the winning bid that the offer is subject to bank approval? Have any?realtors tried this on short sales?? Property values in Florida in our area, have already plummeted to 1/2 of original selling prices,?so in setting a price on a 5 day sale, if I understand it correctly, the initial?price really?doesn't matter,
 since?the market sets the price for a final sale, so If I start at?1/4 of the original price, I should get some decent traffic?through the properties. If documented properly,?I think there?would be a decent chance of getting the?round robin price accepted by the asset manager at the bank.
?
Are there any real estate brokers on this forum who have tried this????If so, what about advertising and?disclosure that a real estate agent is doing this... if repesenting a seller???
?
?
Lili O'Day



From: 5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Thursday, January 01, 2009 12:52 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Fourth Edition

Thanks, Rosemarie,

Happy New Year to you, too.

And thanks for all the work you've done on the list--I've been lurking.

B.



rosemarie-fred wrote: 
HAPPY NEW YEAR!!
Welcome back, Bill, we have missed you.
Rosemarie

----- Original Message ----- 
From: "Bill Effros" <bill at effros.com>
To: <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, January 01, 2009 11:18 AM
Subject: [5-DayForum] Fourth Edition


  
Thanks to all who have been minding the store while I've been away.

I am working on the Fourth Edition of How to Sell Your Home in 5-Days.

It's not very different from the Third Edition, it just addresses
concerns people have relating to changed market conditions, and tries to
clear up more areas that either I didn't understand when I wrote the
previous text, or didn't explain well enough, as suggested by questions
to this Forum.

As always, everything I've got to say is open to challenge.

I will be providing more and more "stock answers" as I develop the new
text, and I appreciate your feedback on market conditions, your
experiences, etc.

Thanks especially to those who maintained order in my absence,

Bill Effros




_______________________________________________
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
  

Well, it doesn't sound like he followed the book.
Danielle
?

In a message dated 1/1/2009 4:17:10 P.M. Eastern Standard Time, jason at jasontropf.com writes:


I?m a Realtor in Orlando, Florida.? I?ve sold an investment property to someone who wanted me to list the home for him after he remodeled it.? Instead of taking 3% which I didn?t see him being able to afford I explained the whole 5 day method to him so that he could save some money and hopefully continue to do business with me instead of sinking. His feedback was that he got? a few phone calls, no one showed up, no offers.? My only thought was it must take 10 times more promotion to get the amount of people looking that it takes to generate an offer.
?
Anyone who has successfully sold a home with this method please tell me the amount of marketing you did to generate enough ?lookers? to find your buyer.
?
Thanks,
Jason Tropf
?


From: 5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Thursday, January 01, 2009 3:26 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Fourth Edition
?
Don't hold your breath!

I'm just starting to set it up now.

You can know what I'm thinking if you ask on this list.? At first I will just give you outlines, and listen to feedback.

Bill Effros

PS -- Please sign your name every time so everyone will know who we are talking to.



Betty Pauley wrote: When will the Fourth Edition be available? ???????? -----Original Message----- ??????? From: 5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com on behalf of Bill Effros ??????? Sent: Thu 1/1/2009 10:18 AM ??????? To: 5-dayforum at mailman.howtosellyourhomein5days.com ??????? Cc: ??????? Subject: [5-DayForum] Fourth Edition??????? ???????  ???????? Thanks to all who have been minding the store while I've been away.??????? ??????? I am working on the Fourth Edition of How to Sell Your Home in 5-Days.??????? ??????? It's not very different from the Third Edition, it just addresses??????? concerns people have relating to changed market conditions, and tries to??????? clear up more areas that either I didn't understand when I wrote the??????? previous text, or didn't explain well enough, as suggested
 by questions??????? to this Forum.??????? ??????? As always, everything I've got to say is open to challenge.??????? ??????? I will be providing more and more "stock answers" as I develop the new??????? text, and I appreciate your feedback on market conditions, your??????? experiences, etc.??????? ??????? Thanks especially to those who maintained order in my absence,??????? ??????? Bill Effros??????? ??????? ??????? ??????? ??????? _______________________________________________??????? 5-DayForum mailing list??????? 5-DayForum at mailman.howtosellyourhomein5days.com??????? http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum???????  ??  ?

 ?_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum? 

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New year...new news. Be the first to know what is making headlines.


#yiv1378172161 .hmmessage P
{
margin:0px;padding:0px;}
#yiv1378172161 {
font-size:10pt;font-family:Verdana;}


Patricia, Michigan, Seller/Landlord,?in this day and age (for me), that also equals HELPPP!! 

There it is!? Thank you Bill.

Patricia? 



> Date: Thu, 1 Jan 2009 16:39:26 -0500
> From: bill at effros.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Archives
> 
> The answer to every question asked to date can be found in the Archives.
> 
> To View Prior Months' Archives:
> 
> www.5-DayForum.com
> 
> Click on "About the Forum" link below the 4 blue buttons on the left
> side of the home page
> 
> Click on "5-DayForum Archives" in the second paragraph of the first topic.
> 
> If you are a list member this should give you access to every question
> and answer ever posted on the Forum including a downloadable text
> version for each month.
> 
> You can sort the archives by thread, date, author and subject.
> 
> Bill Effros
> 
> 
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


Lili,
I'm not an agent/broker.? I'm an investor negitiating short sales for mysel, other investors as well as retail buyers whose broker contracts with me.? My only caution to you is this - pick your buyer carefully.? the highest bidder must be willing to have the patience to not have an answer from the bank for weeks and potentially months.? even the best SS negotiator has some files that cant be closed quickly.? Many of my retail buyers walk before the process is complete as it takes too long.? The banks are getting better but the process is often more than Joe & Sally wish to deal with even when you do your best to prepare them.
Danielle
Buyer/seller/investor
?

In a message dated 1/1/2009 5:16:51 P.M. Eastern Standard Time, lili at lilioday.com writes:


Happy New Year to all!
?
I'm a real estate broker both in Florida (Naples/Marco Island) and Illinois (Chicagoland)?and I'm going to try?the 5?day sale?method.?I'm going to try?first selling one of my own properties in the Naples Florida to get the system down, then try to sell some of preforecloure properties that I have listed ?that need to be short saled,?On pre-foreclosures. the banks want offers on? the property? in default (any offer that is reasonable) to keep foreclosure at bay..In a typical short sale. the bank pays all of the real estate commission??so I think that this method would be ideal. I beleive that ?I would just need to disclose to the winning bid that the offer is subject to bank approval? Have any?realtors tried this on short sales?? Property values in Florida in our area, have already plummeted to 1/2 of original selling prices,?so in setting a price on a 5 day sale, if I understand it correctly, the initial?price really?doesn't matter,
 since?the market sets the price for a final sale, so If I start at?1/4 of the original price, I should get some decent traffic?through the properties. If documented properly,?I think there?would be a decent chance of getting the?round robin price accepted by the asset manager at the bank.
?
Are there any real estate brokers on this forum who have tried this????If so, what about advertising and?disclosure that a real estate agent is doing this... if repesenting a seller???
?
?
Lili O'Day



From: 5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Thursday, January 01, 2009 12:52 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Fourth Edition


Thanks, Rosemarie,

Happy New Year to you, too.

And thanks for all the work you've done on the list--I've been lurking.

B.



rosemarie-fred wrote: 
HAPPY NEW YEAR!!
Welcome back, Bill, we have missed you.
Rosemarie

----- Original Message ----- 
From: "Bill Effros" <bill at effros.com>
To: <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, January 01, 2009 11:18 AM
Subject: [5-DayForum] Fourth Edition


  
Thanks to all who have been minding the store while I've been away.

I am working on the Fourth Edition of How to Sell Your Home in 5-Days.

It's not very different from the Third Edition, it just addresses
concerns people have relating to changed market conditions, and tries to
clear up more areas that either I didn't understand when I wrote the
previous text, or didn't explain well enough, as suggested by questions
to this Forum.

As always, everything I've got to say is open to challenge.

I will be providing more and more "stock answers" as I develop the new
text, and I appreciate your feedback on market conditions, your
experiences, etc.

Thanks especially to those who maintained order in my absence,

Bill Effros




_______________________________________________
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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New year...new news. Be the first to know what is making headlines._______________________________________________
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From flyingnutjob at gmail.com  Thu Jan  1 19:18:44 2009
From: flyingnutjob at gmail.com (Dutch Revenboer)
Date: Thu, 1 Jan 2009 18:18:44 -0600
Subject: [5-DayForum] Please remove me from your mailing lists.
In-Reply-To: <BLU141-W16E4B51D827CC2C724BCBCD2E50@phx.gbl>
References: <d10.40e5eb18.368e8586@aol.com>
	<26170.27827.qm@web45012.mail.sp1.yahoo.com>
	<BLU141-W16E4B51D827CC2C724BCBCD2E50@phx.gbl>
Message-ID: <d2b697900901011618r6e7795e9oaeed47ee9df3be49@mail.gmail.com>

the law is that you can sell any property that you have an EQUITABLE
interest in (you OWN some or all of it).  There are a few exceptions, like
for hired property managers, lawyers doing probate work, etc (each state has
it's own rules).  But unless you have a Real Estate license or are a member
of one of the Exception Groups, you can not broker a deal without a
license.  I'm pretty sure running a 5-day sale FOR a property which you do
NOT have an equitable interest in would qualify you for a pretty hefty fine
in all 50 states.

Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No
Credit, Bad Credit OK - www.BuySellRentHouses.com


On Thu, Jan 1, 2009 at 3:12 PM, Patricia Lone <patricialone at hotmail.com>wrote:

>  Patricia, Michigan, Seller/Landlord, yes, in this day and age, that also
> equals HELPPP!!
>
> That is not a requirement.  Lots of people feel there is a great benefit in
> it, others do not.  My father was a broker, I have for a limited period of
> time, been a realtor, I am not licensed and at this time do not plan to
> become licensed, but I do plan on selling houses.  It is a personal choice
> really (at least from where I sit... someone correct me if I am wrong).
>
> Patricia
>
>
> ------------------------------
> Date: Thu, 1 Jan 2009 12:51:00 -0800
> From: gary_st_armand at yahoo.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Please remove me from your mailing lists.
>
>   What the hell are you talking about? What should owners be required to
> have a license
> to sell their own house?
>
> --- On *Thu, 1/1/09, Eltutu1 at aol.com <Eltutu1 at aol.com>* wrote:
>
> From: Eltutu1 at aol.com <Eltutu1 at aol.com>
> Subject: Re: [5-DayForum] Please remove me from your mailing lists.
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Thursday, January 1, 2009, 8:45 PM
>
>  Hi there guys,
>
> I live in one of the most business unfriendly state of the Union: New York.
> It doesn't required owners to have a Real Estate License to sell their own
> homes. If that's the case in some other states, their laws need to be
> repealed. Also, such laws are tantamount to losing some of our civil
> liberties!
>
> Emmanuel Laventure
>
>
>
>  ------------------------------
> Stay up-to-date on the latest news<http://www.aol.com/?ncid=emlcntaolcom00000024>- from fashion trends to celebrity break-ups and everything in between.
>
> _______________________________________________
> 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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>
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From patricialone at hotmail.com  Thu Jan  1 19:20:30 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Thu, 1 Jan 2009 19:20:30 -0500
Subject: [5-DayForum] Success Ratio
In-Reply-To: <C4EB7EA197F8C541B94046AE4E552D8801B55112@pandora.socket.net>
References: <495D380E.8010009@effros.com>
	<BLU141-W16F405FBFF127913076FCDD2E50@phx.gbl> 
	<C4EB7EA197F8C541B94046AE4E552D8801B55112@pandora.socket.net>
Message-ID: <BLU141-W2C9650D379FCD30C693CAD2E20@phx.gbl>


Patricia, Michigan, Seller/Landlord, in this day and age (for me), that also equals HELPPP!! Okay, I haven't read through the book entirely, but I'm lost on the "undisclosed reserve."  Can you describe that more for me please... or is that all there is to it?... a sort of tickler, feeler, teaser, or maybe an empty technique to spur more interest?  ... I am just lost on the term.  Can you help me understand that better?Patricia  

Date: Thu, 1 Jan 2009 17:33:46 -0600From: bpauley at a2scolumbiamo.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Success Ratio


My name is Betty Pauley, I am a Realtor in Columbia Missouri.
 
I have used this method six times, five of the six the homes were sold as a direct result of the sale.  I follow the book very closely, but also utilize the MLS and the Realtor Network.  Two of the five buyers were represented by a Realtor.  I put comments in the MLS remarks section giving information about the sale.  Other Realtors in the community are now starting to copy the method.  I am also getting referrals from other Realtors who do not want to use the method.
 
I make sure that there is equity in the property to pay my fee.  The one home that did not sell had no equity and wound up being reposessed.  I learned my lesson from that one. 
 
I place a small classified ad to run Wednesday thru Sunday, hold the home open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I purchased the sign package and put signs out everywhere.  If the owner is willing and available, I have them with me at the open houses to answer questions.  I also put the owners phone number on the sign and ad to take the calls. 
 
I make it very clear to all potential bidders that nothing is binding until it is in writing on either the buyers or sellers part.  I also state that there is an undisclosed reserve.  When asked what it is,  I just smile sweetly and say 'its undisclosed'....
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From flyingnutjob at gmail.com  Thu Jan  1 19:24:01 2009
From: flyingnutjob at gmail.com (Dutch Revenboer)
Date: Thu, 1 Jan 2009 18:24:01 -0600
Subject: [5-DayForum] Success Ratio
In-Reply-To: <BLU141-W2C9650D379FCD30C693CAD2E20@phx.gbl>
References: <495D380E.8010009@effros.com>
	<BLU141-W16F405FBFF127913076FCDD2E50@phx.gbl>
	<C4EB7EA197F8C541B94046AE4E552D8801B55112@pandora.socket.net>
	<BLU141-W2C9650D379FCD30C693CAD2E20@phx.gbl>
Message-ID: <d2b697900901011624s787e42c1wb961843f0e73ceaa@mail.gmail.com>

Exactly what it means.  Example, I'm going to auction a car, but I will not
take less then 5000.  The auction goes off and the highest bidder is 4000.
I don't sell the car.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No
Credit, Bad Credit OK - www.BuySellRentHouses.com


On Thu, Jan 1, 2009 at 6:20 PM, Patricia Lone <patricialone at hotmail.com>wrote:

>  *Patricia, Michigan, Seller/Landlord, in this day and age (for me), that
> also equals HELPPP!! *
>
> Okay, I haven't read through the book entirely, but I'm lost on the
> "undisclosed reserve."  Can you describe that more for me please... or is
> that all there is to it?... a sort of tickler, feeler, teaser, or maybe an
> empty technique to spur more interest?  ... I am just lost on the term.  Can
> you help me understand that better?
>
> Patricia
>
>
> ------------------------------
> Date: Thu, 1 Jan 2009 17:33:46 -0600
> From: bpauley at a2scolumbiamo.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Success Ratio
>
>
> My name is Betty Pauley, I am a Realtor in Columbia Missouri.
>
> I have used this method six times, five of the six the homes were sold as a
> direct result of the sale.  I follow the book very closely, but also utilize
> the MLS and the Realtor Network.  Two of the five buyers were represented by
> a Realtor.  I put comments in the MLS remarks section giving information
> about the sale.  Other Realtors in the community are now starting to copy
> the method.  I am also getting referrals from other Realtors who do not want
> to use the method.
>
> I make sure that there is equity in the property to pay my fee.  The one
> home that did not sell had no equity and wound up being reposessed.  I
> learned my lesson from that one.
>
> I place a small classified ad to run Wednesday thru Sunday, hold the home
> open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I
> purchased the sign package and put signs out everywhere.  If the owner is
> willing and available, I have them with me at the open houses to answer
> questions.  I also put the owners phone number on the sign and ad to take
> the calls.
>
> I make it very clear to all potential bidders that nothing is binding until
> it is in writing on either the buyers or sellers part.  I also state that
> there is an undisclosed reserve.  When asked what it is,  I just smile
> sweetly and say 'its undisclosed'....
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
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From patricialone at hotmail.com  Thu Jan  1 19:34:53 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Thu, 1 Jan 2009 19:34:53 -0500
Subject: [5-DayForum] Success Ratio
In-Reply-To: <d2b697900901011624s787e42c1wb961843f0e73ceaa@mail.gmail.com>
References: <495D380E.8010009@effros.com>
	<BLU141-W16F405FBFF127913076FCDD2E50@phx.gbl>
	<C4EB7EA197F8C541B94046AE4E552D8801B55112@pandora.socket.net>
	<BLU141-W2C9650D379FCD30C693CAD2E20@phx.gbl> 
	<d2b697900901011624s787e42c1wb961843f0e73ceaa@mail.gmail.com>
Message-ID: <BLU141-W435158084894DF1975098FD2E20@phx.gbl>


Patricia, Michigan, Seller/Landlord, in this day and age (for me), that also equals HELPPP!! Okay, I'm understand that and now get the full meaning of her message.  Did not read it correctly the first time.  I perfectly get it now; not sure why that didn't come to mind.  May I blame it on the holiday?Thanks Dutch!Patricia 

Date: Thu, 1 Jan 2009 18:24:01 -0600From: flyingnutjob at gmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Success RatioExactly what it means.  Example, I'm going to auction a car, but I will not take less then 5000.  The auction goes off and the highest bidder is 4000.  I don't sell the car.Dutch RevenboerBroker AssociateMetro Brokers of Oklahomawww.DreamHomesOKC.com405-590-6563We Buy Houses - www.OKCash4Homes.comWe Help Stop Foreclosure - www.OKHomesavers.comWe Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com
On Thu, Jan 1, 2009 at 6:20 PM, Patricia Lone <patricialone at hotmail.com> wrote:


Patricia, Michigan, Seller/Landlord, in this day and age (for me), that also equals HELPPP!! Okay, I haven't read through the book entirely, but I'm lost on the "undisclosed reserve."  Can you describe that more for me please... or is that all there is to it?... a sort of tickler, feeler, teaser, or maybe an empty technique to spur more interest?  ... I am just lost on the term.  Can you help me understand that better?Patricia  

Date: Thu, 1 Jan 2009 17:33:46 -0600From: bpauley at a2scolumbiamo.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Success Ratio



My name is Betty Pauley, I am a Realtor in Columbia Missouri.
 
I have used this method six times, five of the six the homes were sold as a direct result of the sale.  I follow the book very closely, but also utilize the MLS and the Realtor Network.  Two of the five buyers were represented by a Realtor.  I put comments in the MLS remarks section giving information about the sale.  Other Realtors in the community are now starting to copy the method.  I am also getting referrals from other Realtors who do not want to use the method.
 
I make sure that there is equity in the property to pay my fee.  The one home that did not sell had no equity and wound up being reposessed.  I learned my lesson from that one. 
 
I place a small classified ad to run Wednesday thru Sunday, hold the home open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I purchased the sign package and put signs out everywhere.  If the owner is willing and available, I have them with me at the open houses to answer questions.  I also put the owners phone number on the sign and ad to take the calls. 
 
I make it very clear to all potential bidders that nothing is binding until it is in writing on either the buyers or sellers part.  I also state that there is an undisclosed reserve.  When asked what it is,  I just smile sweetly and say 'its undisclosed'...._______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From SONYAEMPOWERMENT at aol.com  Thu Jan  1 19:42:41 2009
From: SONYAEMPOWERMENT at aol.com (SONYAEMPOWERMENT at aol.com)
Date: Thu, 1 Jan 2009 19:42:41 EST
Subject: [5-DayForum] 5-DayForum Digest, Vol 22, Issue 2
Message-ID: <bf3.49fc1949.368ebd01@aol.com>

stop sending me these emails I don;t have this file to download
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From patricialone at hotmail.com  Thu Jan  1 19:54:20 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Thu, 1 Jan 2009 19:54:20 -0500
Subject: [5-DayForum] How To Unsubscribe
In-Reply-To: <bf3.49fc1949.368ebd01@aol.com>
References: <bf3.49fc1949.368ebd01@aol.com>
Message-ID: <BLU141-W1472258B5471E17541EBECD2E20@phx.gbl>


Patricia, Michigan, Seller/Landlord, in this day and age (for me), that also equals HELPPP!! Bill posted unsubscribing rules earlier today.  I will copy and paste it here again for you.Patricia  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 http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 2. Scroll to the bottom where it says "5-DayForum Subscribers" 3. Enter your email address 4. Press: Unsubscribe or edit options 5. Press the Unsubscribe Button 

From: SONYAEMPOWERMENT at aol.comDate: Thu, 1 Jan 2009 19:42:41 -0500To: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] 5-DayForum Digest, Vol 22, Issue 2stop sending me these emails I don;t have this file to download
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From gary_st_armand at yahoo.com  Thu Jan  1 20:05:03 2009
From: gary_st_armand at yahoo.com (Gary St. Armand)
Date: Thu, 1 Jan 2009 17:05:03 -0800 (PST)
Subject: [5-DayForum] Please remove me from your mailing lists.
In-Reply-To: <d2b697900901011618r6e7795e9oaeed47ee9df3be49@mail.gmail.com>
Message-ID: <379316.75116.qm@web45006.mail.sp1.yahoo.com>

What are you saying? there is a federal law that states this. Here i thought that these
affairs were handled at the state level. How about if the person charges a consultant fee?
Is that ok? By the way, who would be levying the fines. 
?
Hmm....Is it possible that a realtor will say anything to protect their livelyhood.

--- On Fri, 1/2/09, Dutch Revenboer <flyingnutjob at gmail.com> wrote:

From: Dutch Revenboer <flyingnutjob at gmail.com>
Subject: Re: [5-DayForum] Please remove me from your mailing lists.
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Friday, January 2, 2009, 12:18 AM


the law is that you can sell any property that you have an EQUITABLE interest in (you OWN some or all of it).? There are a few exceptions, like for hired property managers, lawyers doing probate work, etc (each state has it's own rules).? But unless you have a Real Estate license or are a member of one of the Exception Groups, you can not broker a deal without a license.? I'm pretty sure running a 5-day sale FOR a property which you do NOT have an equitable interest in would qualify you for a pretty hefty fine in all 50 states.

Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com



On Thu, Jan 1, 2009 at 3:12 PM, Patricia Lone <patricialone at hotmail.com> wrote:



Patricia, Michigan, Seller/Landlord, yes, in this day and age, that also equals HELPPP!! 

That is not a requirement.? Lots of people feel there is a great benefit in it, others do not.? My father was a broker, I have for a limited period of time, been a realtor, I am not licensed and at this time do not plan to become licensed, but I do plan on selling houses.? It is a personal choice really (at least from where I sit... someone correct me if I am wrong).

Patricia? 




Date: Thu, 1 Jan 2009 12:51:00 -0800
From: gary_st_armand at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Please remove me from your mailing lists.





What the hell are you talking about? What should owners be required to have a license
to sell their own house?

--- On Thu, 1/1/09, Eltutu1 at aol.com <Eltutu1 at aol.com> wrote:

From: Eltutu1 at aol.com <Eltutu1 at aol.com>
Subject: Re: [5-DayForum] Please remove me from your mailing lists.
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thursday, January 1, 2009, 8:45 PM



Hi there guys,
?
I live in one of the most business unfriendly state of the Union: New York. It doesn't required owners to have a Real Estate License to sell their own homes. If that's the case in some other states, their laws need to be repealed. Also, such laws are tantamount to losing some of our civil liberties!
?
Emmanuel Laventure





Stay up-to-date on the latest news - from fashion trends to celebrity break-ups and everything in between._______________________________________________
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 patricialone at hotmail.com  Thu Jan  1 20:10:15 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Thu, 1 Jan 2009 20:10:15 -0500
Subject: [5-DayForum] Subject to match E-mail
In-Reply-To: <379316.75116.qm@web45006.mail.sp1.yahoo.com>
References: <d2b697900901011618r6e7795e9oaeed47ee9df3be49@mail.gmail.com>
	<379316.75116.qm@web45006.mail.sp1.yahoo.com>
Message-ID: <BLU141-W397424C8494E1CC337108DD2E20@phx.gbl>


Patricia, Michigan, Seller/Landlord, in this day and age (for me), that also equals HELPPP!! But that doesn't have anything to do with your subject line.  I think this is what Bill means about keeping our Subject lines in keeping with what we say in our messages.Patricia Lone             "If you need help, ask God; If you don't, thank God."

Date: Thu, 1 Jan 2009 17:05:03 -0800From: gary_st_armand at yahoo.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Please remove me from your mailing lists.




What are you saying? there is a federal law that states this. Here i thought that these
affairs were handled at the state level. How about if the person charges a consultant fee?
Is that ok? By the way, who would be levying the fines. 
 
Hmm....Is it possible that a realtor will say anything to protect their livelyhood.--- On Fri, 1/2/09, Dutch Revenboer <flyingnutjob at gmail.com> wrote:
From: Dutch Revenboer <flyingnutjob at gmail.com>Subject: Re: [5-DayForum] Please remove me from your mailing lists.To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>Date: Friday, January 2, 2009, 12:18 AM
the law is that you can sell any property that you have an EQUITABLE interest in (you OWN some or all of it).  There are a few exceptions, like for hired property managers, lawyers doing probate work, etc (each state has it's own rules).  But unless you have a Real Estate license or are a member of one of the Exception Groups, you can not broker a deal without a license.  I'm pretty sure running a 5-day sale FOR a property which you do NOT have an equitable interest in would qualify you for a pretty hefty fine in all 50 states.Dutch RevenboerBroker AssociateMetro Brokers of Oklahomawww.DreamHomesOKC.com405-590-6563We Buy Houses - www.OKCash4Homes.comWe Help Stop Foreclosure - www.OKHomesavers.comWe Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com
On Thu, Jan 1, 2009 at 3:12 PM, Patricia Lone <patricialone at hotmail.com> wrote:


Patricia, Michigan, Seller/Landlord, yes, in this day and age, that also equals HELPPP!! That is not a requirement.  Lots of people feel there is a great benefit in it, others do not.  My father was a broker, I have for a limited period of time, been a realtor, I am not licensed and at this time do not plan to become licensed, but I do plan on selling houses.  It is a personal choice really (at least from where I sit... someone correct me if I am wrong).Patricia  

Date: Thu, 1 Jan 2009 12:51:00 -0800From: gary_st_armand at yahoo.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Please remove me from your mailing lists.



What the hell are you talking about? What should owners be required to have a licenseto sell their own house?--- On Thu, 1/1/09, Eltutu1 at aol.com <Eltutu1 at aol.com> wrote:
From: Eltutu1 at aol.com <Eltutu1 at aol.com>Subject: Re: [5-DayForum] Please remove me from your mailing lists.To: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Thursday, January 1, 2009, 8:45 PM

Hi there guys,
 
I live in one of the most business unfriendly state of the Union: New York. It doesn't required owners to have a Real Estate License to sell their own homes. If that's the case in some other states, their laws need to be repealed. Also, such laws are tantamount to losing some of our civil liberties!
 
Emmanuel Laventure


Stay up-to-date on the latest news - from fashion trends to celebrity break-ups and everything in between._______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://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 skyhighplanning at gmail.com  Thu Jan  1 21:17:31 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Thu, 1 Jan 2009 21:17:31 -0500
Subject: [5-DayForum] Fourth Edition
In-Reply-To: <003e01c96c56$1e968ce0$5bc3a6a0$@com>
References: <495CECDC.2090909@effros.com>
	<C4EB7EA197F8C541B94046AE4E552D8801B55110@pandora.socket.net>
	<495D26D9.7030302@effros.com> <003e01c96c56$1e968ce0$5bc3a6a0$@com>
Message-ID: <E8CD36D1-85A6-4E10-BD4C-296EFFD99099@gmail.com>

If you need any assistance feel free to contact me.

Carlos/ Investor



On Jan 1, 2009, at 4:15 PM, "Jason Tropf" <jason at jasontropf.com> wrote:

> I?m a Realtor in Orlando, Florida.  I?ve sold an investment  
> property to someone who wanted me to list the home for him after he  
> remodeled it.  Instead of taking 3% which I didn?t see him being abl 
> e to afford I explained the whole 5 day method to him so that he cou 
> ld save some money and hopefully continue to do business with me ins 
> tead of sinking. His feedback was that he got  a few phone calls, no 
>  one showed up, no offers.  My only thought was it must take 10 time 
> s more promotion to get the amount of people looking that it takes t 
> o generate an offer.
>
>
>
> Anyone who has successfully sold a home with this method please tell  
> me the amount of marketing you did to generate enough ?lookers?  
> to find your buyer.
>
>
>
> Thanks,
>
> Jason Tropf
>
>
>
> From: 5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com 
>  [mailto:5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com 
> ] On Behalf Of Bill Effros
> Sent: Thursday, January 01, 2009 3:26 PM
> To: How To Sell Your Home in 5-Days
> Subject: Re: [5-DayForum] Fourth Edition
>
>
>
> Don't hold your breath!
>
> I'm just starting to set it up now.
>
> You can know what I'm thinking if you ask on this list.  At first I  
> will just give you outlines, and listen to feedback.
>
> Bill Effros
>
> PS -- Please sign your name every time so everyone will know who we  
> are talking to.
>
>
>
> Betty Pauley wrote:
>
> When will the Fourth Edition be available?
>
>         -----Original Message-----
>         From: 5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com 
>  on behalf of Bill Effros
>         Sent: Thu 1/1/2009 10:18 AM
>         To: 5-dayforum at mailman.howtosellyourhomein5days.com
>         Cc:
>         Subject: [5-DayForum] Fourth Edition
>
>
>
>         Thanks to all who have been minding the store while I've  
> been away.
>
>         I am working on the Fourth Edition of How to Sell Your Home  
> in 5-Days.
>
>         It's not very different from the Third Edition, it just  
> addresses
>         concerns people have relating to changed market conditions,  
> and tries to
>         clear up more areas that either I didn't understand when I  
> wrote the
>         previous text, or didn't explain well enough, as suggested  
> by questions
>         to this Forum.
>
>         As always, everything I've got to say is open to challenge.
>
>         I will be providing more and more "stock answers" as I  
> develop the new
>         text, and I appreciate your feedback on market conditions,  
> your
>         experiences, etc.
>
>         Thanks especially to those who maintained order in my absence,
>
>         Bill Effros
>
>
>
>
>         _______________________________________________
>         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 skyhighplanning at gmail.com  Thu Jan  1 21:26:13 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Thu, 1 Jan 2009 21:26:13 -0500
Subject: [5-DayForum] 5 Day Sale on Pre-Foreclosure Properties
In-Reply-To: <c6c.3e9a29df.368eab1d@aol.com>
References: <c6c.3e9a29df.368eab1d@aol.com>
Message-ID: <09226C51-1427-43A8-BE0B-5E5576F2103D@gmail.com>

You may also want to try negotiating the short sale & selling it  
towards the end of the process that way your buyer will not have to  
wait so long.  I have succesfully done this many times.  This is a big  
selling point as I can advertise no 3rd party approval, quick closing.

Carlos / Investor / Short Sale Specialist
Orlando, FL
&NYC



On Jan 1, 2009, at 6:26 PM, Loveandmoney05 at aol.com wrote:

> Lili,
> I'm not an agent/broker.  I'm an investor negitiating short sales  
> for mysel, other investors as well as retail buyers whose broker  
> contracts with me.  My only caution to you is this - pick your buyer  
> carefully.  the highest bidder must be willing to have the patience  
> to not have an answer from the bank for weeks and potentially  
> months.  even the best SS negotiator has  some files that cant be  
> closed quickly.  Many of my retail buyers walk before the process is  
> complete as it takes too long.  The banks are getting better but the  
> process is often more than Joe & Sally wish to deal with even when  
> you do your best to prepare them.
> Danielle
> Buyer/seller/investor
>
> In a message dated 1/1/2009 5:16:51 P.M. Eastern Standard Time, lili at lilioday.com 
>  writes:
> Happy New Year to all!
>
> I'm a real estate broker both in Florida (Naples/Marco Island) and  
> Illinois (Chicagoland) and I'm going to try the 5 day sale method.  
> I'm going to try first selling one of my own properties in the  
> Naples Florida to get the system down, then try to sell some of  
> preforecloure properties that I have listed  that need to be short  
> saled, On pre-foreclosures. the    banks want offers on  the  
> property  in default (any offer that is reasonable) to keep  
> foreclosure at bay..In a typical short sale. the bank pays all of  
> the real estate commission  so I think that this method would be  
> ideal. I beleive that  I would just need to disclose to the winning  
> bid that the offer is subject to bank approval  Have any realtors  
> tried this on short sales?  Property values in Florida in our area,  
> have already plummeted to 1/2 of original selling prices, so in  
> setting a price on a 5 day sale, if I understand it correctly, the  
> initial price really doesn't matter, since the market sets the price  
> for a final sale, so If I start at 1/4 of the original price, I  
> should get some decent traffic through the properties. If documented  
> properly, I think there would be a decent chance of getting the  
> round robin price accepted by the asset manager at the bank.
>
> Are there any real estate brokers on this forum who have tried  
> this?   If so, what about advertising and disclosure that a real  
> estate agent is doing this... if repesenting a seller?
>
>
> Lili O'Day
>
> From: 5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com 
>  [mailto:5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com 
> ] On Behalf Of Bill Effros
> Sent: Thursday, January 01, 2009 12:52 PM
> To: How To Sell Your Home in 5-Days
> Subject: Re: [5-DayForum] Fourth Edition
>
> Thanks, Rosemarie,
>
> Happy New Year to you, too.
>
> And thanks for all the work you've done on the list--I've been  
> lurking.
>
> B.
>
>
>
> rosemarie-fred wrote:
>>
>> HAPPY NEW YEAR!!
>> Welcome back, Bill, we have missed you.
>> Rosemarie
>>
>> ----- Original Message -----
>> From: "Bill Effros" <bill at effros.com>
>> To: <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Sent: Thursday, January 01, 2009 11:18 AM
>> Subject: [5-DayForum] Fourth Edition
>>
>>
>>
>>> Thanks to all who have been minding the store while I've been away.
>>>
>>> I am working on the Fourth Edition of How to Sell Your Home in 5- 
>>> Days.
>>>
>>> It's not very different from the Third Edition, it just addresses
>>> concerns people have relating to changed market conditions, and  
>>> tries to
>>> clear up more areas that either I didn't understand when I wrote the
>>> previous text, or didn't explain well enough, as suggested by  
>>> questions
>>> to this Forum.
>>>
>>> As always, everything I've got to say is open to challenge.
>>>
>>> I will be providing more and more "stock answers" as I develop the  
>>> new
>>> text, and I appreciate your feedback on market conditions, your
>>> experiences, etc.
>>>
>>> Thanks especially to those who maintained order in my absence,
>>>
>>> Bill Effros
>>>
>>>
>>>
>>>
>>> _______________________________________________
>>> 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
>
>
>
> New year...new news. Be the first to know what is making headlines.
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From keith.pinster at comcast.net  Thu Jan  1 21:45:02 2009
From: keith.pinster at comcast.net (Keith R. Pinster)
Date: Thu, 1 Jan 2009 18:45:02 -0800
Subject: [5-DayForum] 5 Day Sale on Pre-Foreclosure Properties
In-Reply-To: <c6c.3e9a29df.368eab1d@aol.com>
Message-ID: <036301c96c84$1cd3df60$0702a8c0@accentinc.com>

I completely agree.  I had an investment property that ended up in
foreclosure.  I had a great offer on the house early on but the bank moved
at the bank's pace.  Almost 6 WEEKS after we submitted the offer, they
FINALLY got back to us that they were ready to start negotiations.  The
couple who made the offer had already made an offer on another house, bought
it and moved in!  The bank lost about $25k because the next offer was that
much lower (this was almost 3 months after the first offer).  We pretty much
have to assume the banks care much more about moving at their own pace than
getting the best price from an REO.  I've heard other stories that were very
much the same, so we really need to stress to the clients that this is not a
fast process.

 

BTW, Washington state HATES investors so much that they want to see them
suffer regardless of how it hurts everyone else involved.  If you negotiate
a short-sale on a property that is "substantially under value" (whatever
that means) for a property that is a primary residence, even if the house is
in foreclosure and you are helping the people keep their credit cleared by
selling the property before the foreclosure happens, those same people that
you just helped can turn around and sue you.  And by "you" I mean both the
investor AND the realtor that helped with the short-sale.  Not a good state
to actually try to help anyone else!

 

Keith Pinster, (wanna-be) agent, investor

 

  _____  

From: Loveandmoney05 at aol.com [mailto:Loveandmoney05 at aol.com] 
Sent: Thursday, January 01, 2009 3:26 PM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] 5 Day Sale on Pre-Foreclosure Properties

 

Lili,

I'm not an agent/broker.  I'm an investor negitiating short sales for mysel,
other investors as well as retail buyers whose broker contracts with me.  My
only caution to you is this - pick your buyer carefully.  the highest bidder
must be willing to have the patience to not have an answer from the bank for
weeks and potentially months.  even the best SS negotiator has some files
that cant be closed quickly.  Many of my retail buyers walk before the
process is complete as it takes too long.  The banks are getting better but
the process is often more than Joe & Sally wish to deal with even when you
do your best to prepare them.

Danielle

Buyer/seller/investor

 

In a message dated 1/1/2009 5:16:51 P.M. Eastern Standard Time,
lili at lilioday.com writes:

Happy New Year to all!

 

I'm a real estate broker both in Florida (Naples/Marco Island) and Illinois
(Chicagoland) and I'm going to try the 5 day sale method. I'm going to try
first selling one of my own properties in the Naples Florida to get the
system down, then try to sell some of preforecloure properties that I have
listed  that need to be short saled, On pre-foreclosures. the banks want
offers on  the property  in default (any offer that is reasonable) to keep
foreclosure at bay..In a typical short sale. the bank pays all of the real
estate commission  so I think that this method would be ideal. I beleive
that  I would just need to disclose to the winning bid that the offer is
subject to bank approval  Have any realtors tried this on short sales?
Property values in Florida in our area, have already plummeted to 1/2 of
original selling prices, so in setting a price on a 5 day sale, if I
understand it correctly, the initial price really doesn't matter, since the
market sets the price for a final sale, so If I start at 1/4 of the original
price, I should get some decent traffic through the properties. If
documented properly, I think there would be a decent chance of getting the
round robin price accepted by the asset manager at the bank.

 

Are there any real estate brokers on this forum who have tried this?   If
so, what about advertising and disclosure that a real estate agent is doing
this... if repesenting a seller?  

 

 

Lili O'Day

 


  _____  


From:
5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com
[mailto:5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5day
s.com] On Behalf Of Bill Effros
Sent: Thursday, January 01, 2009 12:52 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Fourth Edition

Thanks, Rosemarie,

Happy New Year to you, too.

And thanks for all the work you've done on the list--I've been lurking.

B.



rosemarie-fred wrote: 

HAPPY NEW YEAR!!
Welcome back, Bill, we have missed you.
Rosemarie
 
----- Original Message ----- 
From: "Bill Effros"  <mailto:bill at effros.com> <bill at effros.com>
To:  <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, January 01, 2009 11:18 AM
Subject: [5-DayForum] Fourth Edition
 
 
  

Thanks to all who have been minding the store while I've been away.
 
I am working on the Fourth Edition of How to Sell Your Home in 5-Days.
 
It's not very different from the Third Edition, it just addresses
concerns people have relating to changed market conditions, and tries to
clear up more areas that either I didn't understand when I wrote the
previous text, or didn't explain well enough, as suggested by questions
to this Forum.
 
As always, everything I've got to say is open to challenge.
 
I will be providing more and more "stock answers" as I develop the new
text, and I appreciate your feedback on market conditions, your
experiences, etc.
 
Thanks especially to those who maintained order in my absence,
 
Bill Effros
 
 
 
 
_______________________________________________
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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5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum





  _____  

New year...new news. Be the first to know what is making headlines
<http://www.aol.com/?ncid=emlcntaolcom00000026> .

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From Loveandmoney05 at aol.com  Thu Jan  1 21:53:15 2009
From: Loveandmoney05 at aol.com (Loveandmoney05 at aol.com)
Date: Thu, 1 Jan 2009 21:53:15 EST
Subject: [5-DayForum] Please remove me from your mailing lists.
Message-ID: <cf6.488302cb.368edb9b@aol.com>

It's state law in every state that you must be licensed to "broker" a  deal.  
if you dont own the property in some way, you are  "brokering."  Consultants 
are typically breaking the law.   Depending on your area, your local brokers 
may report the illegal practice to  whatever state commission levies the fines, 
 Here in PA, people get  significant fines every year.  i dont like the law, 
but that is the way it  is.  
Danielle
 
 
In a message dated 1/1/2009 8:05:53 P.M. Eastern Standard Time,  
gary_st_armand at yahoo.com writes:

What are you saying? there is a federal law that states this. Here  i thought 
that these
affairs were handled at the state level. How about if the person  charges a 
consultant fee?
Is that ok? By the way, who would be levying the fines. 
 
Hmm....Is it possible that a realtor will say anything to protect  their 
livelyhood.

--- On Fri, 1/2/09, Dutch Revenboer  <flyingnutjob at gmail.com> wrote:


From:  Dutch Revenboer <flyingnutjob at gmail.com>
Subject: Re:  [5-DayForum] Please remove me from your mailing lists.
To: "How To  Sell Your Home in 5-Days" <5-dayforum at mailman.howtoDepending on  
your areasellyourhomein5days.com>
Date: Friday, January 2, 2009,  12:18 AM

the law is that you can sell any property that  you have an EQUITABLE 
interest in (you OWN some or all of it).   There are a few exceptions, like for hired 
property managers, lawyers  doing probate work, etc (each state has it's own 
rules).  But  unless you have a Real Estate license or are a member of one of 
the  Exception Groups, you can not broker a deal without a license.   I'm 
pretty sure running a 5-day sale FOR a property which you do NOT  have an 
equitable interest in would qualify you for a pretty hefty  fine in all 50 states.

Dutch Revenboer

Broker  Associate
Metro Brokers of Oklahoma
_www.DreamHomesOKC.com_ (http://www.dreamhomesokc.com/) 
405-590-6563

We Buy  Houses - _www.OKCash4Homes.com_ (http://www.okcash4homes.com/) 

We Help Stop Foreclosure  - _www.OKHomesavers.com_ 
(http://www.okhomesavers.com/) 

We Sell / Lease Homes -  Specializing in Low Down Owner Carry Properties - No 
Credit, Bad  Credit OK - _www.BuySellRentHouses.com_ 
(http://www.buysellrenthouses.com/) 


On Thu, Jan 1, 2009 at 3:12 PM, Patricia Lone  <_patricialone at hotmail.com_ 
(mailto:patricialone at hotmail.com) > wrote:


Patricia, Michigan, Seller/Landlord, yes, in this day and  age, that also 
equals HELPPP!! 

That is not a  requirement.  Lots of people feel there is a great benefit in  
it, others do not.  My father was a broker, I have for a  limited period of 
time, been a realtor, I am not licensed and at  this time do not plan to become 
licensed, but I do plan on selling  houses.  It is a personal choice really 
(at least from where I  sit... someone correct me if I am wrong).

Patricia   



 
____________________________________
Date: Thu, 1 Jan 2009 12:51:00 -0800
From: _gary_st_armand at yahoo.com_ (mailto:gary_st_armand at yahoo.com) 
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Subject:  Re: [5-DayForum] Please remove me from your mailing lists.

What the hell are you talking about? What  should owners be required to have 
a license
to sell their  own house?

--- On Thu, 1/1/09, _Eltutu1 at aol.com_ (mailto:Eltutu1 at aol.com)  
<_Eltutu1 at aol.com_ (mailto:Eltutu1 at aol.com) >  wrote:

From: _Eltutu1 at aol.com_ (mailto:Eltutu1 at aol.com)  <_Eltutu1 at aol.com_ 
(mailto:Eltutu1 at aol.com) >
Subject: Re:  [5-DayForum] Please remove me from your mailing  lists.
To: _5-dayforum at mailman.howtosellyourhomein5days.com_ 
(mailto:5-dayforum at mailman.howtosellyourhomein5days.com) 
Date:  Thursday, January 1, 2009, 8:45 PM


Hi there guys,
 
I live in one of the most business unfriendly state of  the Union: New York. 
It doesn't required owners to have a  Real Estate License to sell their own 
homes. If that's the  case in some other states, their laws need to be repealed. 
 Also, such laws are tantamount to losing some of our civil  liberties!
 
Emmanuel Laventure



 
____________________________________
 Stay up-to-date on the _latest news_ 
(http://www.aol.com/?ncid=emlcntaolcom00000024)  - from fashion  trends to celebrity break-ups and everything in  
between.

_______________________________________________
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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(mailto:5-DayForum at mailman.howtosellyourhomein5days.com) 
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(http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) 






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


**************New year...new news.  Be the first to know what is making 
headlines. (http://www.aol.com/?ncid=emlcntaolcom00000026)
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From gary_st_armand at yahoo.com  Thu Jan  1 22:05:39 2009
From: gary_st_armand at yahoo.com (Gary St. Armand)
Date: Thu, 1 Jan 2009 19:05:39 -0800 (PST)
Subject: [5-DayForum] Please remove me from your mailing lists.
In-Reply-To: <cf6.488302cb.368edb9b@aol.com>
Message-ID: <242486.57386.qm@web45006.mail.sp1.yahoo.com>

Really....give me an f&^in break. These so called laws only exist to protect the NAR and realtors. The laws can't be exactly the same in every state. I'm sure that there are ways to
skirt the laws and get away with. There is always a way. The only people who are pissing
in their pants are usually the little guys. 
?
Having said all that, If you live in where they are enforcing the asss backwards laws, then
cut your losses and cut the license. It's not that hard, I had one a few years ago until
I realized that real money lays in owning real property, in the right location, at the right time.


--- On Fri, 1/2/09, Loveandmoney05 at aol.com <Loveandmoney05 at aol.com> wrote:

From: Loveandmoney05 at aol.com <Loveandmoney05 at aol.com>
Subject: Re: [5-DayForum] Please remove me from your mailing lists.
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Friday, January 2, 2009, 2:53 AM



It's state law in every state that you must be licensed to "broker" a deal.? if you dont own the property in some way, you are "brokering."??Consultants are typically breaking the law.? Depending on your area, your local brokers may report the illegal practice to whatever state commission levies the fines,? Here in PA, people get significant fines every year.? i dont like the law, but that is the way it is.? 
Danielle
?

In a message dated 1/1/2009 8:05:53 P.M. Eastern Standard Time, gary_st_armand at yahoo.com writes:





What are you saying? there is a federal law that states this. Here i thought that these
affairs were handled at the state level. How about if the person charges a consultant fee?
Is that ok? By the way, who would be levying the fines. 
?
Hmm....Is it possible that a realtor will say anything to protect their livelyhood.

--- On Fri, 1/2/09, Dutch Revenboer <flyingnutjob at gmail.com> wrote:

From: Dutch Revenboer <flyingnutjob at gmail.com>
Subject: Re: [5-DayForum] Please remove me from your mailing lists.
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtoDepending on your areasellyourhomein5days.com>
Date: Friday, January 2, 2009, 12:18 AM


the law is that you can sell any property that you have an EQUITABLE interest in (you OWN some or all of it).? There are a few exceptions, like for hired property managers, lawyers doing probate work, etc (each state has it's own rules).? But unless you have a Real Estate license or are a member of one of the Exception Groups, you can not broker a deal without a license.? I'm pretty sure running a 5-day sale FOR a property which you do NOT have an equitable interest in would qualify you for a pretty hefty fine in all 50 states.

Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com



On Thu, Jan 1, 2009 at 3:12 PM, Patricia Lone <patricialone at hotmail.com> wrote:



Patricia, Michigan, Seller/Landlord, yes, in this day and age, that also equals HELPPP!! 

That is not a requirement.? Lots of people feel there is a great benefit in it, others do not.? My father was a broker, I have for a limited period of time, been a realtor, I am not licensed and at this time do not plan to become licensed, but I do plan on selling houses.? It is a personal choice really (at least from where I sit... someone correct me if I am wrong).

Patricia? 




Date: Thu, 1 Jan 2009 12:51:00 -0800
From: gary_st_armand at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Please remove me from your mailing lists.





What the hell are you talking about? What should owners be required to have a license
to sell their own house?

--- On Thu, 1/1/09, Eltutu1 at aol.com <Eltutu1 at aol.com> wrote:

From: Eltutu1 at aol.com <Eltutu1 at aol.com>
Subject: Re: [5-DayForum] Please remove me from your mailing lists.
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thursday, January 1, 2009, 8:45 PM



Hi there guys,
?
I live in one of the most business unfriendly state of the Union: New York. It doesn't required owners to have a Real Estate License to sell their own homes. If that's the case in some other states, their laws need to be repealed. Also, such laws are tantamount to losing some of our civil liberties!
?
Emmanuel Laventure





Stay up-to-date on the latest news - from fashion trends to celebrity break-ups and everything in between._______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


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New year...new news. Be the first to know what is making headlines._______________________________________________
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From flyingnutjob at gmail.com  Thu Jan  1 23:21:29 2009
From: flyingnutjob at gmail.com (Dutch Revenboer)
Date: Thu, 1 Jan 2009 22:21:29 -0600
Subject: [5-DayForum] Please remove me from your mailing lists.
In-Reply-To: <242486.57386.qm@web45006.mail.sp1.yahoo.com>
References: <cf6.488302cb.368edb9b@aol.com>
	<242486.57386.qm@web45006.mail.sp1.yahoo.com>
Message-ID: <d2b697900901012021g63c0051dv83cbb053b054f02d@mail.gmail.com>

Gary,

No, I'm not saying this as a realtor to protect anything.  It is state law,
every state has one.  check with your state real estate commission, I'm sure
they are online.  Look up "activities prohibited without a license".  Then
check the penalties.  These change by state also, so yours may be different
than mine, or others.

Why are you so defensive?

Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No
Credit, Bad Credit OK - www.BuySellRentHouses.com


On Thu, Jan 1, 2009 at 9:05 PM, Gary St. Armand <gary_st_armand at yahoo.com>wrote:

> Really....give me an f&^in break. These so called laws only exist to
> protect the NAR and realtors. The laws can't be exactly the same in every
> state. I'm sure that there are ways to
> skirt the laws and get away with. There is always a way. The only people
> who are pissing
> in their pants are usually the little guys.
>
> Having said all that, If you live in where they are enforcing the asss
> backwards laws, then
> cut your losses and cut the license. It's not that hard, I had one a few
> years ago until
> I realized that real money lays in owning real property, in the right
> location, at the right time.
>
>
> --- On *Fri, 1/2/09, Loveandmoney05 at aol.com <Loveandmoney05 at aol.com>*wrote:
>
> From: Loveandmoney05 at aol.com <Loveandmoney05 at aol.com>
> Subject: Re: [5-DayForum] Please remove me from your mailing lists.
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Friday, January 2, 2009, 2:53 AM
>
>
>  It's state law in every state that you must be licensed to "broker" a
> deal.  if you dont own the property in some way, you are
> "brokering."  Consultants are typically breaking the law.  Depending on your
> area, your local brokers may report the illegal practice to whatever state
> commission levies the fines,  Here in PA, people get significant fines every
> year.  i dont like the law, but that is the way it is.
> Danielle
>
>  In a message dated 1/1/2009 8:05:53 P.M. Eastern Standard Time,
> gary_st_armand at yahoo.com writes:
>
>   What are you saying? there is a federal law that states this. Here i
> thought that these
> affairs were handled at the state level. How about if the person charges a
> consultant fee?
> Is that ok? By the way, who would be levying the fines.
>
> Hmm....Is it possible that a realtor will say anything to protect their
> livelyhood.
>
> --- On *Fri, 1/2/09, Dutch Revenboer <flyingnutjob at gmail.com>* wrote:
>
> From: Dutch Revenboer <flyingnutjob at gmail.com>
> Subject: Re: [5-DayForum] Please remove me from your mailing lists.
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtoDependingon your
> areasellyourhomein5days.com>
> Date: Friday, January 2, 2009, 12:18 AM
>
> the law is that you can sell any property that you have an EQUITABLE
> interest in (you OWN some or all of it).  There are a few exceptions, like
> for hired property managers, lawyers doing probate work, etc (each state has
> it's own rules).  But unless you have a Real Estate license or are a member
> of one of the Exception Groups, you can not broker a deal without a
> license.  I'm pretty sure running a 5-day sale FOR a property which you do
> NOT have an equitable interest in would qualify you for a pretty hefty fine
> in all 50 states.
>
> Dutch Revenboer
>
> Broker Associate
> Metro Brokers of Oklahoma
> www.DreamHomesOKC.com <http://www.dreamhomesokc.com/>
> 405-590-6563
>
> We Buy Houses - www.OKCash4Homes.com <http://www.okcash4homes.com/>
>
> We Help Stop Foreclosure - www.OKHomesavers.com<http://www.okhomesavers.com/>
>
> We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties -
> No Credit, Bad Credit OK - www.BuySellRentHouses.com<http://www.buysellrenthouses.com/>
>
>
> On Thu, Jan 1, 2009 at 3:12 PM, Patricia Lone <patricialone at hotmail.com>wrote:
>
>>  Patricia, Michigan, Seller/Landlord, yes, in this day and age, that also
>> equals HELPPP!!
>>
>> That is not a requirement.  Lots of people feel there is a great benefit
>> in it, others do not.  My father was a broker, I have for a limited period
>> of time, been a realtor, I am not licensed and at this time do not plan to
>> become licensed, but I do plan on selling houses.  It is a personal choice
>> really (at least from where I sit... someone correct me if I am wrong).
>>
>> Patricia
>>
>
>
> ------------------------------
> Date: Thu, 1 Jan 2009 12:51:00 -0800
> From: gary_st_armand at yahoo.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Please remove me from your mailing lists.
>
>   What the hell are you talking about? What should owners be required to
> have a license
> to sell their own house?
>
> --- On *Thu, 1/1/09, Eltutu1 at aol.com <Eltutu1 at aol.com>* wrote:
>
> From: Eltutu1 at aol.com <Eltutu1 at aol.com>
> Subject: Re: [5-DayForum] Please remove me from your mailing lists.
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Thursday, January 1, 2009, 8:45 PM
>
>  Hi there guys,
>
> I live in one of the most business unfriendly state of the Union: New York.
> It doesn't required owners to have a Real Estate License to sell their own
> homes. If that's the case in some other states, their laws need to be
> repealed. Also, such laws are tantamount to losing some of our civil
> liberties!
>
> Emmanuel Laventure
>
>
>
>  ------------------------------
> Stay up-to-date on the latest news<http://www.aol.com/?ncid=emlcntaolcom00000024>- from fashion trends to celebrity break-ups and everything in between.
>
> _______________________________________________
> 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 list5-DayForum at mailman.howtosellyourhomein5days.comhttp://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
>
>
>
>  ------------------------------
> New year...new news. Be the first to know what is making headlines<http://www.aol.com/?ncid=emlcntaolcom00000026>
> .
>
> _______________________________________________
> 5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://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 Jan  1 23:54:19 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 01 Jan 2009 23:54:19 -0500
Subject: [5-DayForum] Success Ratio
In-Reply-To: <C4EB7EA197F8C541B94046AE4E552D8801B55112@pandora.socket.net>
References: <495D380E.8010009@effros.com>	<BLU141-W16F405FBFF127913076FCDD2E50@phx.gbl>
	<C4EB7EA197F8C541B94046AE4E552D8801B55112@pandora.socket.net>
Message-ID: <495D9DFB.1070809@effros.com>

Betty,

I believe you will get more money for each sale if you don't use 
undisclosed reserves.  The implied reserve is double the starting price.

Have your fee placed in escrow before the sale (not legal 
everywhere--what's the story in Missouri?)

I assume you base your fee on a percentage of the selling price.  The 
escrow amount should be double the starting price times your 
percentage.  If your client fails to get the implied reserve, your fee 
is your percentage of the actual selling price, and the client gets back 
the difference from the escrow account.

If the client throws in a "ringer" who is jacking up the price beyond 
what anyone else will pay, the client still pays your fee based on the 
shill's bid.  This tends tends to discourage this practice which usually 
winds up with the seller buying the house and refusing to pay a fee to 
the broker who did all the work.

If the bank outbids every other buyer, you get your percentage of the 
bank's price.

The key to the implied reserve is the 25 responses by Friday night 
rule.  If you fail to get 25 responses by Friday night, offering the 
property for 50% of the implied reserve, that property is unlikely to 
sell for more than the implied reserve, and you, as the broker, don't 
have to waste your time and effort.

Of course, since the client has to put up escrow money in advance, there 
is an incentive to start with a low implied reserve.  This works for 
everyone, as it makes it far more likely that the very low starting 
price will attract a high number of potential buyers, and that you will 
not be wasting your time when you set up the sale.  If the property 
sells for more than double the starting price, you get more than the 
escrow amount.

Please note, I am absolutely sure you do not get a lower selling price 
if you use a lower starting price.  You do more work, and see more 
people who will not pay the top price, but the top price is the top 
price no matter where you start.  This is true whether the seller has 
equity in the property or not.

The lower starting prices and lower implied reserve will ensure that you 
don't lose 3 days setting up a sale that won't ever happen.  You will do 
more work at each sale, but you should be able to increase your success 
ratio to 100%.

Bill Effros



Betty Pauley wrote:
> My name is Betty Pauley, I am a Realtor in Columbia Missouri.
>  
> I have used this method six times, five of the six the homes were sold as a direct result of the sale.  I follow the book very closely, but also utilize the MLS and the Realtor Network.  Two of the five buyers were represented by a Realtor.  I put comments in the MLS remarks section giving information about the sale.  Other Realtors in the community are now starting to copy the method.  I am also getting referrals from other Realtors who do not want to use the method.
>  
> I make sure that there is equity in the property to pay my fee.  The one home that did not sell had no equity and wound up being reposessed.  I learned my lesson from that one. 
>  
> I place a small classified ad to run Wednesday thru Sunday, hold the home open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I purchased the sign package and put signs out everywhere.  If the owner is willing and available, I have them with me at the open houses to answer questions.  I also put the owners phone number on the sign and ad to take the calls. 
>  
> I make it very clear to all potential bidders that nothing is binding until it is in writing on either the buyers or sellers part.  I also state that there is an undisclosed reserve.  When asked what it is,  I just smile sweetly and say 'its undisclosed'....
>   
> ------------------------------------------------------------------------
>
> _______________________________________________
> 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 Jan  1 23:59:14 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 01 Jan 2009 23:59:14 -0500
Subject: [5-DayForum] Lets Sort Ourselves Out
In-Reply-To: <c2d.4ef2b722.368ead1f@aol.com>
References: <c2d.4ef2b722.368ead1f@aol.com>
Message-ID: <495D9F22.3020009@effros.com>

Congratulations Danielle!

Your excuse is better than mine.

Thanks for your help while I was off the list.  You and the others held 
it together and allowed it to continue growing.

Do you rent in 5 days?

It's a lot of work, too, but you'll get the highest rents from the best 
tenants.

Bill Effros

PS -- a boy or a girl?

Loveandmoney05 at aol.com wrote:
> Bill,
> Glad to "see" you again.  you have been missed.  i havent been on much 
> as i just had a baby and have been busy with that and getting some 
> properties rented.  I'm not selling for the time being.
> Danielle
>  
> In a message dated 1/1/2009 4:02:43 P.M. Eastern Standard Time, 
> bill at effros.com writes:
>
>     This list is huge, and it's likely to become very active over the
>     next
>     several months.
>
>     Everyone's mailbox is going to bulge with 5-Day Forum postings.
>
>     Lets try to observe some strict rules.
>
>     1.  I won't permit any more posting to this list by non-members. 
>     If you
>     want to interact, you must sign up.
>
>     2.  If you sign up and want to leave, you've got to do it for
>     yourself!
>     It's the reverse of signing up.  I will post information on how to do
>     these things from time to time.
>
>     3. Learn how to use "filters" in your email program so that you
>     can move
>     5-DayForum email directly into the folder you will view it from,
>     without
>     clogging your In Box.  (Again, I will post for those who don't
>     already
>     know.)
>
>     4.  Put yourself into "Digest Mode" or "Vacation Mode" if you want to
>     retain your list privileges without receiving an overwhelming
>     amount of
>     daily email.
>
>     5.  Use the subject line so others can follow discussions.  Make sure
>     the subject line reflects the content.  Multiple short subjects are
>     better than huge documents that no one has the time to read all
>     the way
>     through.  (The exception is narrative descriptions of sales--Here
>     we ask
>     for the following format-- City-State-Day.  In my case that would be
>     Greenwich-Ct-Day 1.  Then you would tell in the body what happened
>     that
>     day, and people on the list could help you while your sale is in
>     progress.
>
>     6.  Let's announce who we are, and why we are here in every
>     email.  So,
>     I would be Bill Effros, Author.  And you might be Jane Doe,
>     Seller.  Or
>     Mike Smith, Buyer.  Or Bob Cole, Agent.  etc.  Again, this will allow
>     people to more easily sort through the daily email and the archives.
>
>     I'll formalize the things that work, and drop the things that don't.
>
>     Bill Effros, Author
>
>
>     _______________________________________________
>     5-DayForum mailing list
>     5-DayForum at mailman.howtosellyourhomein5days.com
>     http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
>
>
> ------------------------------------------------------------------------
> New year...new news. Be the first to know what is making headlines 
> <http://www.aol.com/?ncid=emlcntaolcom00000026>.
> ------------------------------------------------------------------------
>
> _______________________________________________
> 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  Fri Jan  2 00:16:58 2009
From: bill at effros.com (Bill Effros)
Date: Fri, 02 Jan 2009 00:16:58 -0500
Subject: [5-DayForum] Who Can Sell a Home?
In-Reply-To: <d2b697900901011618r6e7795e9oaeed47ee9df3be49@mail.gmail.com>
References: <d10.40e5eb18.368e8586@aol.com>	<26170.27827.qm@web45012.mail.sp1.yahoo.com>	<BLU141-W16E4B51D827CC2C724BCBCD2E50@phx.gbl>
	<d2b697900901011618r6e7795e9oaeed47ee9df3be49@mail.gmail.com>
Message-ID: <495DA34A.3090203@effros.com>

Dutch,

This is a real states' rights issue--the laws vary widely from state to 
state.  Most of the laws were heavily influenced by the Real Estate 
establishment in each state.  In some states at some times it was 
illegal to run ads for real estate in those mall "shoppers" if you 
weren't licensed.

Some states tried to make the sale of books like mine illegal.

In some states any lawyer can sell any property.  Executors can 
generally sell properties whether they are lawyers or not.

In many states banks can sell homes.  Also settlement agents.

In some states builders can sell only a certain number of homes per year 
using the 5-Day Method.

With some restrictions, anyone can "consult" on the use of my book, 
although I no longer recommend this practice.

The thrust of your response is correct in most locations.  Anyone can 
use the technique I recommend in my book to sell their own home anywhere 
in the country.

Bill Effros, Author

PS -- Let's try to change subject lines to make it easier for people who 
join the list later to find these answers in the Archives.

PPS -- Are you from the Netherlands, or is your family from the 
Netherlands.   That's not a Pennsylvania Dutch name?  Are there Oklahoma 
Dutch?




Dutch Revenboer wrote:
> the law is that you can sell any property that you have an EQUITABLE 
> interest in (you OWN some or all of it).  There are a few exceptions, 
> like for hired property managers, lawyers doing probate work, etc 
> (each state has it's own rules).  But unless you have a Real Estate 
> license or are a member of one of the Exception Groups, you can not 
> broker a deal without a license.  I'm pretty sure running a 5-day sale 
> FOR a property which you do NOT have an equitable interest in would 
> qualify you for a pretty hefty fine in all 50 states.
>
> Dutch Revenboer
>
> Broker Associate
> Metro Brokers of Oklahoma
> www.DreamHomesOKC.com <http://www.DreamHomesOKC.com>
> 405-590-6563
>
> We Buy Houses - www.OKCash4Homes.com <http://www.OKCash4Homes.com>
>
> We Help Stop Foreclosure - www.OKHomesavers.com 
> <http://www.OKHomesavers.com>
>
> We Sell / Lease Homes - Specializing in Low Down Owner Carry 
> Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com 
> <http://www.BuySellRentHouses.com>
>
>
> On Thu, Jan 1, 2009 at 3:12 PM, Patricia Lone 
> <patricialone at hotmail.com <mailto:patricialone at hotmail.com>> wrote:
>
>     Patricia, Michigan, Seller/Landlord, yes, in this day and age,
>     that also equals HELPPP!!
>
>     That is not a requirement.  Lots of people feel there is a great
>     benefit in it, others do not.  My father was a broker, I have for
>     a limited period of time, been a realtor, I am not licensed and at
>     this time do not plan to become licensed, but I do plan on selling
>     houses.  It is a personal choice really (at least from where I
>     sit... someone correct me if I am wrong).
>
>     Patricia 
>
>
>
>     ------------------------------------------------------------------------
>     Date: Thu, 1 Jan 2009 12:51:00 -0800
>     From: gary_st_armand at yahoo.com <mailto:gary_st_armand at yahoo.com>
>     To: 5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>     Subject: Re: [5-DayForum] Please remove me from your mailing lists.
>
>     What the hell are you talking about? What should owners be
>     required to have a license
>     to sell their own house?
>
>     --- On *Thu, 1/1/09, Eltutu1 at aol.com <mailto:Eltutu1 at aol.com>
>     /<Eltutu1 at aol.com <mailto:Eltutu1 at aol.com>>/* wrote:
>
>         From: Eltutu1 at aol.com <mailto:Eltutu1 at aol.com>
>         <Eltutu1 at aol.com <mailto:Eltutu1 at aol.com>>
>         Subject: Re: [5-DayForum] Please remove me from your mailing
>         lists.
>         To: 5-dayforum at mailman.howtosellyourhomein5days.com
>         <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>         Date: Thursday, January 1, 2009, 8:45 PM
>
>         Hi there guys,
>          
>         I live in one of the most business unfriendly state of the
>         Union: New York. It doesn't required owners to have a Real
>         Estate License to sell their own homes. If that's the case in
>         some other states, their laws need to be repealed. Also, such
>         laws are tantamount to losing some of our civil liberties!
>          
>         Emmanuel Laventure
>
>
>
>         ------------------------------------------------------------------------
>         Stay up-to-date on the latest news
>         <http://www.aol.com/?ncid=emlcntaolcom00000024> - from fashion
>         trends to celebrity break-ups and everything in between.
>
>         _______________________________________________
>         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 patricialone at hotmail.com  Fri Jan  2 00:20:38 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Fri, 2 Jan 2009 00:20:38 -0500
Subject: [5-DayForum] Lets Sort Ourselves Out
In-Reply-To: <495D9F22.3020009@effros.com>
References: <c2d.4ef2b722.368ead1f@aol.com> <495D9F22.3020009@effros.com>
Message-ID: <BLU141-W20A272B5FC93AC32B76188D2E20@phx.gbl>


Patricia, Michigan, Seller/Landlord.Hi Bill,Being a landlord, the thought of using the 5-day method to find renters intrigues me.  Would you please expound on this?Patricia

Date: Thu, 1 Jan 2009 23:59:14 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Lets Sort Ourselves OutCongratulations Danielle!Your excuse is better than mine.Thanks for your help while I was off the list.  You and the others held it together and allowed it to continue growing.Do you rent in 5 days?It's a lot of work, too, but you'll get the highest rents from the best tenants.Bill EffrosPS -- a boy or a girl?Loveandmoney05 at aol.com wrote: 

Bill,
Glad to "see" you again.  you have been missed.  i havent been on much as i just had a baby and have been busy with that and getting some properties rented.  I'm not selling for the time being.
Danielle
 

In a message dated 1/1/2009 4:02:43 P.M. Eastern Standard Time, bill at effros.com writes:
This list is huge, and it's likely to become very active over the next several months.Everyone's mailbox is going to bulge with 5-Day Forum postings.Lets try to observe some strict rules.1.  I won't permit any more posting to this list by non-members.  If you want to interact, you must sign up.2.  If you sign up and want to leave, you've got to do it for yourself! It's the reverse of signing up.  I will post information on how to do these things from time to time.3. Learn how to use "filters" in your email program so that you can move 5-DayForum email directly into the folder you will view it from, without clogging your In Box.  (Again, I will post for those who don't already know.)4.  Put yourself into "Digest Mode" or "Vacation Mode" if you want to retain your list privileges without receiving an overwhelming amount of daily email.5.  Use the subject line so others can follow discussions.  Make sure the subject line reflects the content.  Multiple short subjects are better than huge documents that no one has the time to read all the way through.  (The exception is narrative descriptions of sales--Here we ask for the following format-- City-State-Day.  In my case that would be Greenwich-Ct-Day 1.  Then you would tell in the body what happened that day, and people on the list could help you while your sale is in progress.6.  Let's announce who we are, and why we are here in every email.  So, I would be Bill Effros, Author.  And you might be Jane Doe, Seller.  Or Mike Smith, Buyer.  Or Bob Cole, Agent.  etc.  Again, this will allow people to more easily sort through the daily email and the archives.I'll formalize the things that work, and drop the things that don't.Bill Effros, Author_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


New year...new news. Be the first to know what is making headlines.
_______________________________________________
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  Fri Jan  2 00:37:13 2009
From: bill at effros.com (Bill Effros)
Date: Fri, 02 Jan 2009 00:37:13 -0500
Subject: [5-DayForum] 5 Day Sale on Pre-Foreclosure Properties
In-Reply-To: <036301c96c84$1cd3df60$0702a8c0@accentinc.com>
References: <036301c96c84$1cd3df60$0702a8c0@accentinc.com>
Message-ID: <495DA809.6060404@effros.com>

Keith,

I've been hearing different versions of this story for the past year.  
It seems to be improving in most places. The banks were originally 
moving slowly to get extra mortgage payments, but that's not working 
anymore so many have become more interesting in structuring the best 
deals they can get.

Many of the foreclosed homes will never be lived in again in some 
places.  Banks now understand they need to keep the homes occupied while 
they sort things out.  The 5-Day Method, properly implemented, will 
establish a fair price for any property in 5 days.  Many banks know 
this, and some will accept a properly run 5-Day sale as historically 
more accurate than a professional "appraisal".

Bill Effros, Author

PS -- Haven't ever tried it, but I'll bet records from a 5-Day Sale 
would make a pretty convincing argument against anyone filing suits 
claiming you negotiated a sale "substantially under value".

Keith R. Pinster wrote:
>
> I completely agree.  I had an investment property that ended up in 
> foreclosure.  I had a great offer on the house early on but the bank 
> moved at the bank's pace.  Almost 6 WEEKS after we submitted the 
> offer, they FINALLY got back to us that they were ready to start 
> negotiations.  The couple who made the offer had already made an offer 
> on another house, bought it and moved in!  The bank lost about $25k 
> because the next offer was that much lower (this was almost 3 months 
> after the first offer).  We pretty much have to assume the banks care 
> much more about moving at their own pace than getting the best price 
> from an REO.  I've heard other stories that were very much the same, 
> so we really need to stress to the clients that this is not a fast 
> process.
>
>  
>
> BTW, Washington state HATES investors so much that they want to see 
> them suffer regardless of how it hurts everyone else involved.  If you 
> negotiate a short-sale on a property that is "substantially under 
> value" (whatever that means) for a property that is a primary 
> residence, even if the house is in foreclosure and you are helping the 
> people keep their credit cleared by selling the property before the 
> foreclosure happens, those same people that you just helped can turn 
> around and sue you.  And by "you" I mean both the investor AND the 
> realtor that helped with the short-sale.  Not a good state to actually 
> try to help anyone else!
>
>  
>
> Keith Pinster, (wanna-be) agent, investor
>
>  
>
> ------------------------------------------------------------------------
>
> *From:* Loveandmoney05 at aol.com [mailto:Loveandmoney05 at aol.com]
> *Sent:* Thursday, January 01, 2009 3:26 PM
> *To:* 5-dayforum at mailman.howtosellyourhomein5days.com
> *Subject:* Re: [5-DayForum] 5 Day Sale on Pre-Foreclosure Properties
>
>  
>
> Lili,
>
> I'm not an agent/broker.  I'm an investor negitiating short sales for 
> mysel, other investors as well as retail buyers whose broker contracts 
> with me.  My only caution to you is this - pick your buyer carefully.  
> the highest bidder must be willing to have the patience to not have an 
> answer from the bank for weeks and potentially months.  even the best 
> SS negotiator has some files that cant be closed quickly.  Many of my 
> retail buyers walk before the process is complete as it takes too 
> long.  The banks are getting better but the process is often more than 
> Joe & Sally wish to deal with even when you do your best to prepare them.
>
> Danielle
>
> Buyer/seller/investor
>
>  
>
> In a message dated 1/1/2009 5:16:51 P.M. Eastern Standard Time, 
> lili at lilioday.com writes:
>
>     Happy New Year to all!
>
>      
>
>     I'm a real estate broker both in Florida (Naples/Marco Island) and
>     Illinois (Chicagoland) and I'm going to try the 5 day
>     sale method. I'm going to try first selling one of my own
>     properties in the Naples Florida to get the system down, then try
>     to sell some of preforecloure properties that I have listed  that
>     need to be short saled, On pre-foreclosures. the banks want offers
>     on  the property  in default (any offer that is reasonable) to
>     keep foreclosure at bay..In a typical short sale. the bank pays
>     all of the real estate commission  so I think that this method
>     would be ideal. I beleive that  I would just need to disclose to
>     the winning bid that the offer is subject to bank approval  Have
>     any realtors tried this on short sales?  Property values in
>     Florida in our area, have already plummeted to 1/2 of original
>     selling prices, so in setting a price on a 5 day sale, if I
>     understand it correctly, the initial price really doesn't matter,
>     since the market sets the price for a final sale, so If I start
>     at 1/4 of the original price, I should get some decent
>     traffic through the properties. If documented properly, I think
>     there would be a decent chance of getting the round robin price
>     accepted by the asset manager at the bank.
>
>      
>
>     Are there any real estate brokers on this forum who have tried
>     this?   If so, what about advertising and disclosure that a real
>     estate agent is doing this... if repesenting a seller?  
>
>      
>
>      
>
>     Lili O'Day
>
>      
>
>     ------------------------------------------------------------------------
>
>     *From:*
>     5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com
>     [mailto:5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com]
>     *On Behalf Of *Bill Effros
>     *Sent:* Thursday, January 01, 2009 12:52 PM
>     *To:* How To Sell Your Home in 5-Days
>     *Subject:* Re: [5-DayForum] Fourth Edition
>
>     Thanks, Rosemarie,
>
>     Happy New Year to you, too.
>
>     And thanks for all the work you've done on the list--I've been
>     lurking.
>
>     B.
>
>
>
>     rosemarie-fred wrote:
>
>     HAPPY NEW YEAR!!
>
>     Welcome back, Bill, we have missed you.
>
>     Rosemarie
>
>      
>
>     ----- Original Message ----- 
>
>     From: "Bill Effros" <bill at effros.com> <mailto:bill at effros.com>
>
>     To: <5-dayforum at mailman.howtosellyourhomein5days.com> <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>
>     Sent: Thursday, January 01, 2009 11:18 AM
>
>     Subject: [5-DayForum] Fourth Edition
>
>      
>
>      
>
>       
>
>>     Thanks to all who have been minding the store while I've been away.
>>      
>>     I am working on the Fourth Edition of How to Sell Your Home in 5-Days.
>>      
>>     It's not very different from the Third Edition, it just addresses
>>     concerns people have relating to changed market conditions, and tries to
>>     clear up more areas that either I didn't understand when I wrote the
>>     previous text, or didn't explain well enough, as suggested by questions
>>     to this Forum.
>>      
>>     As always, everything I've got to say is open to challenge.
>>      
>>     I will be providing more and more "stock answers" as I develop the new
>>     text, and I appreciate your feedback on market conditions, your
>>     experiences, etc.
>>      
>>     Thanks especially to those who maintained order in my absence,
>>      
>>     Bill Effros
>>      
>>      
>>      
>>      
>>     _______________________________________________
>>     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
>
>
>
> ------------------------------------------------------------------------
>
> New year...new news. Be the first to know what is making headlines 
> <http://www.aol.com/?ncid=emlcntaolcom00000026>.
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 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  Fri Jan  2 00:50:31 2009
From: bill at effros.com (Bill Effros)
Date: Fri, 02 Jan 2009 00:50:31 -0500
Subject: [5-DayForum] Rental
In-Reply-To: <BLU141-W20A272B5FC93AC32B76188D2E20@phx.gbl>
References: <c2d.4ef2b722.368ead1f@aol.com> <495D9F22.3020009@effros.com>
	<BLU141-W20A272B5FC93AC32B76188D2E20@phx.gbl>
Message-ID: <495DAB27.4010903@effros.com>

Patricia,

There will be a lot more about this in the 4th Edition.  Go to the 
archives.  Sort them by author. Then look for subject lines where I 
discuss renting.  You can then sort by Subject line to get more comments 
from others.

It may take me a while to get to rental responses.

Note that I changed the subject line to make this response easier to 
find in the future.  Let's all try to change subject lines--it really 
helps down the road.

Bill Effros, Author



Patricia Lone wrote:
>
> *Patricia, Michigan, Seller/Landlord.*
>
> *Hi Bill,
>
> Being a landlord, the thought of using the 5-day method to find 
> renters intrigues me.  Would you please expound on this?*
>
> *Patricia*
>
>
> ------------------------------------------------------------------------
> Date: Thu, 1 Jan 2009 23:59:14 -0500
> From: bill at effros.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Lets Sort Ourselves Out
>
> Congratulations Danielle!
>
> Your excuse is better than mine.
>
> Thanks for your help while I was off the list.  You and the others 
> held it together and allowed it to continue growing.
>
> Do you rent in 5 days?
>
> It's a lot of work, too, but you'll get the highest rents from the 
> best tenants.
>
> Bill Effros
>
> PS -- a boy or a girl?
>
> Loveandmoney05 at aol.com <mailto:Loveandmoney05 at aol.com> wrote:
>
>     Bill,
>     Glad to "see" you again.  you have been missed.  i havent been on
>     much as i just had a baby and have been busy with that and getting
>     some properties rented.  I'm not selling for the time being.
>     Danielle
>      
>     In a message dated 1/1/2009 4:02:43 P.M. Eastern Standard Time,
>     bill at effros.com <mailto:bill at effros.com> writes:
>
>         This list is huge, and it's likely to become very active over
>         the next
>         several months.
>
>         Everyone's mailbox is going to bulge with 5-Day Forum postings.
>
>         Lets try to observe some strict rules.
>
>         1.  I won't permit any more posting to this list by
>         non-members.  If you
>         want to interact, you must sign up.
>
>         2.  If you sign up and want to leave, you've got to do it for
>         yourself!
>         It's the reverse of signing up.  I will post information on
>         how to do
>         these things from time to time.
>
>         3. Learn how to use "filters" in your email program so that
>         you can move
>         5-DayForum email directly into the folder you will view it
>         from, without
>         clogging your In Box.  (Again, I will post for those who don't
>         already
>         know.)
>
>         4.  Put yourself into "Digest Mode" or "Vacation Mode" if you
>         want to
>         retain your list privileges without receiving an overwhelming
>         amount of
>         daily email.
>
>         5.  Use the subject line so others can follow discussions. 
>         Make sure
>         the subject line reflects the content.  Multiple short
>         subjects are
>         better than huge documents that no one has the time to read
>         all the way
>         through.  (The exception is narrative descriptions of
>         sales--Here we ask
>         for the following format-- City-State-Day.  In my case that
>         would be
>         Greenwich-Ct-Day 1.  Then you would tell in the body what
>         happened that
>         day, and people on the list could help you while your sale is
>         in progress.
>
>         6.  Let's announce who we are, and why we are here in every
>         email.  So,
>         I would be Bill Effros, Author.  And you might be Jane Doe,
>         Seller.  Or
>         Mike Smith, Buyer.  Or Bob Cole, Agent.  etc.  Again, this
>         will allow
>         people to more easily sort through the daily email and the
>         archives.
>
>         I'll formalize the things that work, and drop the things that
>         don't.
>
>         Bill Effros, Author
>
>
>         _______________________________________________
>         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
>
>
>
>
>     ------------------------------------------------------------------------
>     New year...new news. Be the first to know what is making headlines
>     <http://www.aol.com/?ncid=emlcntaolcom00000026>.
>
>     ------------------------------------------------------------------------
>
>     _______________________________________________
>     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 flyingnutjob at gmail.com  Fri Jan  2 08:41:18 2009
From: flyingnutjob at gmail.com (Dutch Revenboer)
Date: Fri, 2 Jan 2009 07:41:18 -0600
Subject: [5-DayForum] Who Can Sell a Home?
In-Reply-To: <495DA34A.3090203@effros.com>
References: <d10.40e5eb18.368e8586@aol.com>
	<26170.27827.qm@web45012.mail.sp1.yahoo.com>
	<BLU141-W16E4B51D827CC2C724BCBCD2E50@phx.gbl>
	<d2b697900901011618r6e7795e9oaeed47ee9df3be49@mail.gmail.com>
	<495DA34A.3090203@effros.com>
Message-ID: <d2b697900901020541l6140a934qe75fbb5c90c6651d@mail.gmail.com>

Bill, yes, each state has it's own laws.  the discussions got to be about
doing 5-day sales for others, like a consultant.  Now, I don't profess to be
an attorney or an expert on states law in all 50 states, but I'm pretty sure
conducting a 5-day sale on behalf of someone else without personal
"equitable" interest in the property would be a violation of the law in
every state.  Now, you can TELL someone how to do something, (I tell people
where to go and how to get there all the time :-), no problem) but actually
doing the work falls under the LAW OF AGENCY.

And I also stated that there were exceptions in every state, like you
mentioned, lawyers, etc.  Each state is different.  But I think you do need
to point out that your book is FOR SELLERS OF THEIR OWN PROPERTY.  To
conduct a 5-day sale on behalf of another while NOT one of the exception
groups in your state most likely can and will cause severe penalties.  I can
almost guarantee that a real estate broker will bring down the rain on
anyone setting up this type of business who is not licensed.

My father was from The Netherlands, I'm first generation US.  First name is
Johannes, picked up Dutch as a nickname in high school, it stuck.

Looking forward to Version 4.  You might add a chapter or section about this
topic.

Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No
Credit, Bad Credit OK - www.BuySellRentHouses.com


On Thu, Jan 1, 2009 at 11:16 PM, Bill Effros <bill at effros.com> wrote:

>  Dutch,
>
> This is a real states' rights issue--the laws vary widely from state to
> state.  Most of the laws were heavily influenced by the Real Estate
> establishment in each state.  In some states at some times it was illegal to
> run ads for real estate in those mall "shoppers" if you weren't licensed.
>
> Some states tried to make the sale of books like mine illegal.
>
> In some states any lawyer can sell any property.  Executors can generally
> sell properties whether they are lawyers or not.
>
> In many states banks can sell homes.  Also settlement agents.
>
> In some states builders can sell only a certain number of homes per year
> using the 5-Day Method.
>
> With some restrictions, anyone can "consult" on the use of my book,
> although I no longer recommend this practice.
>
> The thrust of your response is correct in most locations.  Anyone can use
> the technique I recommend in my book to sell their own home anywhere in the
> country.
>
> Bill Effros, Author
>
> PS -- Let's try to change subject lines to make it easier for people who
> join the list later to find these answers in the Archives.
>
> PPS -- Are you from the Netherlands, or is your family from the
> Netherlands.   That's not a Pennsylvania Dutch name?  Are there Oklahoma
> Dutch?
>
>
>
>
> Dutch Revenboer wrote:
>
> the law is that you can sell any property that you have an EQUITABLE
> interest in (you OWN some or all of it).  There are a few exceptions, like
> for hired property managers, lawyers doing probate work, etc (each state has
> it's own rules).  But unless you have a Real Estate license or are a member
> of one of the Exception Groups, you can not broker a deal without a
> license.  I'm pretty sure running a 5-day sale FOR a property which you do
> NOT have an equitable interest in would qualify you for a pretty hefty fine
> in all 50 states.
>
> Dutch Revenboer
>
> Broker Associate
> Metro Brokers of Oklahoma
> www.DreamHomesOKC.com
> 405-590-6563
>
> We Buy Houses - www.OKCash4Homes.com
>
> We Help Stop Foreclosure - www.OKHomesavers.com
>
> We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties -
> No Credit, Bad Credit OK - www.BuySellRentHouses.com
>
>
> On Thu, Jan 1, 2009 at 3:12 PM, Patricia Lone <patricialone at hotmail.com>wrote:
>
>>  Patricia, Michigan, Seller/Landlord, yes, in this day and age, that also
>> equals HELPPP!!
>>
>> That is not a requirement.  Lots of people feel there is a great benefit
>> in it, others do not.  My father was a broker, I have for a limited period
>> of time, been a realtor, I am not licensed and at this time do not plan to
>> become licensed, but I do plan on selling houses.  It is a personal choice
>> really (at least from where I sit... someone correct me if I am wrong).
>>
>> Patricia
>>
>>
>> ------------------------------
>> Date: Thu, 1 Jan 2009 12:51:00 -0800
>> From: gary_st_armand at yahoo.com
>> To: 5-dayforum at mailman.howtosellyourhomein5days.com
>> Subject: Re: [5-DayForum] Please remove me from your mailing lists.
>>
>>   What the hell are you talking about? What should owners be required to
>> have a license
>> to sell their own house?
>>
>> --- On *Thu, 1/1/09, Eltutu1 at aol.com <Eltutu1 at aol.com>* wrote:
>>
>> From: Eltutu1 at aol.com <Eltutu1 at aol.com>
>> Subject: Re: [5-DayForum] Please remove me from your mailing lists.
>> To: 5-dayforum at mailman.howtosellyourhomein5days.com
>> Date: Thursday, January 1, 2009, 8:45 PM
>>
>>  Hi there guys,
>>
>> I live in one of the most business unfriendly state of the Union: New
>> York. It doesn't required owners to have a Real Estate License to sell their
>> own homes. If that's the case in some other states, their laws need to be
>> repealed. Also, such laws are tantamount to losing some of our civil
>> liberties!
>>
>> Emmanuel Laventure
>>
>>
>>
>>  ------------------------------
>> Stay up-to-date on the latest news<http://www.aol.com/?ncid=emlcntaolcom00000024>- from fashion trends to celebrity break-ups and everything in between.
>>
>> _______________________________________________
>> 5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://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 list5-DayForum at mailman.howtosellyourhomein5days.comhttp://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 sheritorres at yahoo.com  Fri Jan  2 08:49:10 2009
From: sheritorres at yahoo.com (Sheri Torres)
Date: Fri, 2 Jan 2009 05:49:10 -0800 (PST)
Subject: [5-DayForum] Please remove me from your mailing lists.
In-Reply-To: <mailman.587.1230856498.1683.5-dayforum@mailman.howtosellyourhomein5days.com>
Message-ID: <652432.29951.qm@web37306.mail.mud.yahoo.com>











--- On Thu, 1/1/09, 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 22, Issue 3
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thursday, January 1, 2009, 7:34 PM

Send 5-DayForum mailing list submissions to
	5-dayforum at mailman.howtosellyourhomein5days.com

To subscribe or unsubscribe via the World Wide Web, visit
	http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

or, via email, send a message with subject or body 'help' to
	5-dayforum-request at mailman.howtosellyourhomein5days.com

You can reach the person managing the list at
	5-dayforum-owner at mailman.howtosellyourhomein5days.com

When replying, please edit your Subject line so it is more specific
than "Re: Contents of 5-DayForum digest..."
Today's Topics:

   1. Success Ratio (Betty Pauley)
   2. Re: Lets Sort Ourselves Out (Loveandmoney05 at aol.com)
   3. Please remove me from your mailing lists. (Sheri Torres)
   4. Re: Please remove me from your mailing lists. (Dutch Revenboer)
   5. Re: Success Ratio (Patricia Lone)
   6. Re: Success Ratio (Dutch Revenboer)
   7. Re: Success Ratio (Patricia Lone)
My name is Betty Pauley, I am a Realtor in Columbia Missouri.
 
I have used this method six times, five of the six the homes were sold as a
direct result of the sale.  I follow the book very closely, but also utilize the
MLS and the Realtor Network.  Two of the five buyers were represented by a
Realtor.  I put comments in the MLS remarks section giving information about the
sale.  Other Realtors in the community are now starting to copy the method.  I
am also getting referrals from other Realtors who do not want to use the
method.
 
I make sure that there is equity in the property to pay my fee.  The one home
that did not sell had no equity and wound up being reposessed.  I learned my
lesson from that one. 
 
I place a small classified ad to run Wednesday thru Sunday, hold the home open
10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I purchased
the sign package and put signs out everywhere.  If the owner is willing and
available, I have them with me at the open houses to answer questions.  I also
put the owners phone number on the sign and ad to take the calls. 
 
I make it very clear to all potential bidders that nothing is binding until it
is in writing on either the buyers or sellers part.  I also state that there is
an undisclosed reserve.  When asked what it is,  I just smile sweetly and say
'its undisclosed'....


Bill,
Glad to "see" you again.? you have been missed. ?i havent been on much as i just had a baby and have been busy with that and getting some properties rented.? I'm not selling for the time being.
Danielle
?

In a message dated 1/1/2009 4:02:43 P.M. Eastern Standard Time, bill at effros.com writes:
This list is huge, and it's likely to become very active over the next 
several months.

Everyone's mailbox is going to bulge with 5-Day Forum postings.

Lets try to observe some strict rules.

1.? I won't permit any more posting to this list by non-members.? If you 
want to interact, you must sign up.

2.? If you sign up and want to leave, you've got to do it for yourself! 
It's the reverse of signing up.? I will post information on how to do 
these things from time to time.

3. Learn how to use "filters" in your email program so that you can move 
5-DayForum email directly into the folder you will view it from, without 
clogging your In Box.? (Again, I will post for those who don't already 
know.)

4.? Put yourself into "Digest Mode" or "Vacation Mode" if you want to 
retain your list privileges without receiving an overwhelming amount of 
daily email.

5.? Use the subject line so others can follow discussions.? Make sure 
the subject line reflects the content.? Multiple short subjects are 
better than huge documents that no one has the time to read all the way 
through.? (The exception is narrative descriptions of sales--Here we ask 
for the following format-- City-State-Day.? In my case that would be 
Greenwich-Ct-Day 1.? Then you would tell in the body what happened that 
day, and people on the list could help you while your sale is in progress.

6.? Let's announce who we are, and why we are here in every email.? So, 
I would be Bill Effros, Author.? And you might be Jane Doe, Seller.? Or 
Mike Smith, Buyer.? Or Bob Cole, Agent.? etc.? Again, this will allow 
people to more easily sort through the daily email and the archives.

I'll formalize the things that work, and drop the things that don't.

Bill Effros, Author


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--- On Thu, 1/1/09, 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 22, Issue 2
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thursday, January 1, 2009, 6:26 PM

Send 5-DayForum mailing list submissions to
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When replying, please edit your Subject line so it is more specific
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Today's Topics:

   1. Please remove me from your mailing lists. (Sheri Torres)
   2. Re: Fourth Edition (rosemarie-fred)
   3. Introduction (dakotamhh at gmail.com)
   4. Re: Fourth Edition (Bill Effros)
   5. Re: Fourth Edition (Betty Pauley)
   6. Re: Fourth Edition (Eltutu1 at aol.com)
   7. Re: Fourth Edition (Bill Effros)
   8. Archives (Patricia)
   9. Re: Fourth Edition (Eltutu1 at aol.com)
  10. delete my name (dan boger)
  11. Re: Please remove me from your mailing lists. (Eltutu1 at aol.com)
  12. Re: Fourth Edition (Patricia Lone)
  13. Lets Sort Ourselves Out (Bill Effros)
  14. Re: Please remove me from your mailing lists. (Gary St. Armand)
  15. Re: Please remove me from your mailing lists. (Patricia Lone)
  16. Re: Fourth Edition (Jason Tropf)
  17. Re: Fourth Edition (Bill Effros)
  18. How To Unsubscribe -- Scott Ames Version (Bill Effros)
  19. Archives (Bill Effros)
  20. Re: Introduction (Bill Effros)
  21. Re: delete my name (Patricia Lone)
  22. How To Subscribe (Bill Effros)
  23. Why Can't I Post? (Bill Effros)
  24. Digest Mode (Bill Effros)
  25. 5 Day Sale on Pre-Foreclosure Properties (O'Day, Lili)
  26. Vacation Mode (Bill Effros)
  27. Re: 5 Day Sale on Pre-Foreclosure Properties (Bill Effros)
  28. Re: Fourth Edition (Loveandmoney05 at aol.com)
  29. Re: Archives (Patricia Lone)
  30. Re: 5 Day Sale on Pre-Foreclosure Properties
      (Loveandmoney05 at aol.com)















--- On Thu, 1/1/09, 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 22, Issue 1
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thursday, January 1, 2009, 12:00 PM

Send 5-DayForum mailing list submissions to
	5-dayforum at mailman.howtosellyourhomein5days.com

To subscribe or unsubscribe via the World Wide Web, visit
	http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

or, via email, send a message with subject or body 'help' to
	5-dayforum-request at mailman.howtosellyourhomein5days.com

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	5-dayforum-owner at mailman.howtosellyourhomein5days.com

When replying, please edit your Subject line so it is more specific
than "Re: Contents of 5-DayForum digest..."
Today's Topics:

   1. Re: Buyer Agency (Keith R. Pinster)
   2. Re: Buyer Agency (Keith R. Pinster)
   3. Re: staging and Craigslist (Keith R. Pinster)
   4. Re: staging and Craigslist (Dutch Revenboer)
   5. Re: Sale diary day 2 (rocky at oceanrei.com)
   6. Re: Sale diary day 2 (Liz Bacall)
   7. Re: Buyer Agency (James Fleming)
   8. Re: Buyer Agency (Dutch Revenboer)
   9. Re: Sale diary day 2 (j crafor)
  10. Re: Sale diary day 2 (Anthony Norton)
  11. Fourth Edition (Bill Effros)







Hi Dutch.? I think you missed the part where I said I would get my realtor license before starting this.
?





From: Dutch Revenboer [mailto:flyingnutjob at gmail.com] 
Sent: Tuesday, December 30, 2008 5:20 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Buyer Agency
? 
I believe what he is proposing breaks the law in all 50 states.? You can't sell real estate without a license unless you have equitable interest in the property.? Nor can you represent a buyer or a seller in the transaction.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com



On Tue, Dec 30, 2008 at 5:52 PM, RC Cutcher <rcutcher at austin.rr.com> wrote:


Keith states:

?

Well, my concept here is to actually find the buyer in the first place.? Not
to bring an existing buyer into the sale.? Like I said, my concept is to do
this for REO properties that are not moving, and this wouldn't be much more
than an open house to get a group of potential buyers into a property.? The
person with the highest offer would then become my buyer.? 

Keith,

Well, ?based on the previous paragraph you wouldn't actually start representing the buyer until he/she won the bid.?? If you are aiming to do this for REO Companies and their Listing Agent, then they are basically your main interest, focus, and client. If you don't see a problem with that, it is probably because you haven't?reviewed in detail the buyer agency responsibility owed to clients by?the Realtor.? There are several potential legal?problems in representing a buyer for one particular house with one particular listing agent, with the goal of getting that one house under contract.? It probably is sometimes done with good?intentions and good ethics, but it would certainly be an exception for a buyer to choose an agent based on the fact that you convinced them that you had somehow looked out after their interest to single out that one home, and have a relationship developed with the Listing Company.?

?

?The example of it appears to be?out of bounds of good real estate practice, in my?view.? Maybe we can get some other comments.? Thanks.

?

RC Cutcher

Austin Texas Homes, LLC

www.austintexashomes.com

? 

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






Hi James.? I think you and Dutch missed the part where I said I was going to get my license before doing this.? I understand that I can?t represent a buyer if I?m not licensed.? As far as I?m concerned, this is obvious.? If the property is listed, the listing agent would have no compunction, desire, or requirement to share the commission with me if I am not an agent.
? 




From: James Fleming [mailto:jamesfleming.realestate at gmail.com] 
Sent: Tuesday, December 30, 2008 5:43 PM
To: ' How To Sell Your Home in 5-Days '
Subject: Re: [5-DayForum] Buyer Agency
? 
I agree with Dutch.? If you have any doubt about this, you do not have to take our word for it.? Simply contact your state?s real estate division.? Explain your plan and ask if it requires you to be licensed. 
? 

James Fleming, NAR
Realtor Partner?| Keller Williams Premier Partners Realty 
915 Broadway, First Floor, Vancouver WA 98660 ??? 
' 360.771.3003 |? 7?360.702.0777 
* jamesfleming.realestate at gmail.com 




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 Dutch Revenboer
Sent: Tuesday, December 30, 2008 5:20 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Buyer Agency
? 
I believe what he is proposing breaks the law in all 50 states.? You can't sell real estate without a license unless you have equitable interest in the property.? Nor can you represent a buyer or a seller in the transaction.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com 

On Tue, Dec 30, 2008 at 5:52 PM, RC Cutcher <rcutcher at austin.rr.com> wrote:


Keith states:

?

Well, my concept here is to actually find the buyer in the first place.? Not
to bring an existing buyer into the sale.? Like I said, my concept is to do
this for REO properties that are not moving, and this wouldn't be much more
than an open house to get a group of potential buyers into a property.? The
person with the highest offer would then become my buyer.? 

Keith,

Well, ?based on the previous paragraph you wouldn't actually start representing the buyer until he/she won the bid.?? If you are aiming to do this for REO Companies and their Listing Agent, then they are basically your main interest, focus, and client. If you don't see a problem with that, it is probably because you haven't?reviewed in detail the buyer agency responsibility owed to clients by?the Realtor.? There are several potential legal?problems in representing a buyer for one particular house with one particular listing agent, with the goal of getting that one house under contract.? It probably is sometimes done with good?intentions and good ethics, but it would certainly be an exception for a buyer to choose an agent based on the fact that you convinced them that you had somehow looked out after their interest to single out that one home, and have a relationship developed with the Listing Company.?

?

?The example of it appears to be?out of bounds of good real estate practice, in my?view.? Maybe we can get some other comments.? Thanks.

?

RC Cutcher

Austin Texas Homes, LLC

www.austintexashomes.com

? 

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






I was at a seminar a while back where the speaker was saying that minimal staging is critical.? He gave an example of 2 condos that he was selling.? Both were in exactly the same shape, the exact same size, 1 floor apart (something like the 10th and 11th floors of the building), same side of the building.? One was completely empty and the other had minimal staging.? After several showings of both condos, the one with staging sold first and for about $9k more than the other.? He said he always stages minimally and as far as he is concerned, it always makes a difference.? But he specifically emphasized MINIMAL staging.? I?m not sure what you mean by ?partial?, but I would suspect that would be the most that he would advocate.
? 
I think realtors who don?t think it makes a difference, don?t really know how to take advantage of those kind of things.? Or there are other factors involved with the property not selling. 
? 




From: j crafor [mailto:jcrafor at hotmail.com] 
Sent: Wednesday, December 31, 2008 7:38 AM
To: 5-dayforum at mailman.how tosellyour home
Subject: [5-DayForum] staging and Craigslist
? 
Are your houses empty when selling? Do you leave them empty, or do you stage them completely, partially, or minimally? Does staging help an empty house?
?
When talking with realtors, none approved much staging, a few thought a few pieces would be good, while others?disagreed, saying that a few pieces would do more harm than good.
?
I have towels and shower curtain in the baths,?fake flowers for the kitchen shelf, candles in the fireplace to light. There are two tables?with cloths to hold the paperwork, 2 chairs at one so buyers can sit and study the books if they want, and two other chairs for the greeters as needed.?
?
?
Craigslist: Tried several times yesterday to improve my craigslist ad, and couldn't see how to do it, even in the help section. How does one change or delete the ad? I did update my hotpads ad.
?
JCrafor 



It?s the same Hotmail?. If by ?same? you mean up to 70% faster. Get your account now. 

my suggestion and what we do here for our own properties:? I go to a local rental agency, like Aaron Rents or Rent-A-Center, or check with local builders to see who they use.? I almost always stage the dining room, living room and one bedroom, 
?
RENT:?dining table, 4 chairs, sofa, loveseat, coffie table, 2 end tables, queen bed with 2 nightstands and 1 dresser.
?
then, add a? place setting with charger plates, wine?glasses, etc.?add lamps to all the end tables, hang a few cheap paintings around, shower curtain is a positive, lots of knick-knacks that my wife has collected over the years, including some books.? She is also an Arbonne Rep so the bath has some of those products.? ALWAYS have toilet paper on the rolls.

Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com



On Wed, Dec 31, 2008 at 11:33 AM, Keith R. Pinster <keith.pinster at comcast.net> wrote:




I was at a seminar a while back where the speaker was saying that minimal staging is critical.? He gave an example of 2 condos that he was selling.? Both were in exactly the same shape, the exact same size, 1 floor apart (something like the 10th and 11th floors of the building), same side of the building.? One was completely empty and the other had minimal staging.? After several showings of both condos, the one with staging sold first and for about $9k more than the other.? He said he always stages minimally and as far as he is concerned, it always makes a difference.? But he specifically emphasized MINIMAL staging.? I'm not sure what you mean by "partial", but I would suspect that would be the most that he would advocate.
?
I think realtors who don't think it makes a difference, don't really know how to take advantage of those kind of things.? Or there are other factors involved with the property not selling.
?




From: j crafor [mailto:jcrafor at hotmail.com] 
Sent: Wednesday, December 31, 2008 7:38 AM
To: 5-dayforum at mailman.how tosellyour home
Subject: [5-DayForum] staging and Craigslist



?
Are your houses empty when selling? Do you leave them empty, or do you stage them completely, partially, or minimally? Does staging help an empty house?
?
When talking with realtors, none approved much staging, a few thought a few pieces would be good, while others?disagreed, saying that a few pieces would do more harm than good.
?
I have towels and shower curtain in the baths,?fake flowers for the kitchen shelf, candles in the fireplace to light. There are two tables?with cloths to hold the paperwork, 2 chairs at one so buyers can sit and study the books if they want, and two other chairs for the greeters as needed.?
?
?
Craigslist: Tried several times yesterday to improve my craigslist ad, and couldn't see how to do it, even in the help section. How does one change or delete the ad? I did update my hotpads ad.
?
JCrafor



It's the same Hotmail?. If by "same" you mean up to 70% faster. Get your account now.

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5-DayForum at mailman.howtosellyourhomein5days.com
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How do I unsubscribe to all these emails? 
Rocky
Ocean Real Estate Ibvestnents, LLC.
Sent from my Verizon Wireless BlackBerry

-----Original Message-----
From: j crafor <jcrafor at hotmail.com>

Date: Wed, 31 Dec 2008 15:41:38 
To: 5-dayforum at mailman.how tosellyour
home<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: [5-DayForum] Sale diary day 2


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#yiv1530443394 #yiv1919110937 #yiv519112951 .hmmessage P {
PADDING-RIGHT:0px;PADDING-LEFT:0px;PADDING-BOTTOM:0px;MARGIN:0px;PADDING-TOP:0px;}
#yiv1530443394 #yiv1919110937 #yiv519112951 {
FONT-SIZE:10pt;FONT-FAMILY:Verdana;}


Holy Cow. I continuously see your emails, and I'm trying to think of what to suggest.
?
Please go to Craigslist to learn how to use Craigslist. All the info you seek is there. I know, because that is how I learned it.
?
Please use the sample ad from the book or don't, but there are just so many times we on the forum can tell you to use the ad in the book.
?
Please do not feel that you need to submit a daily sale diary of what you are doing; if we all did that, none of us would get anything done reading them all and our incoming mail would be filled with diary info.
?
Please do go take the real estate classes so you can get the license you say you want, for whatever state you live in?will know the answers to many of the questions you ask. Every state is different. Dual agency is illegal, but in Florida we have Transaction Agency and Buyer Agents. Your realtor board will know what is/isn't legal in your state. Right now your cart if before your horse. The laws for a home-owner are different than for a Realtor. As it appears your intention is to sell a home now, and you are not licensed, then just follow the book.
?
If you have read the book only once, please read it again -- at least twice. Each time you read it, you will remember more of the system and you will not feel so lost.
?
There are a ton of people who receive every single email we submit, and?we can see how many questions you have and how you are struggling with every single aspect of the process. With all my heart I want to encourage you to stop everything and re-re-read the book.?If you are doing one home as a home-owner, we still request you read the book several times. But especially since you are asking Realtor questions, it would help you more than words can say if you would go ahead and get those classes and your license. If you are seriously wanting to get your license, may I respectfully suggest you make this your New Year's Resolution?
?
HAPPY NEW YEAR TO EVERYONE!? Here's to a great 2009!!!
?
Warmest regards,
Liz Bacall
Palm Beach, FL



From: 5-dayforum-bounces+liz=lizbacall.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+liz=lizbacall.com at mailman.howtosellyourhomein5days.com] On Behalf Of j crafor
Sent: Wednesday, December 31, 2008 10:42 AM
To: 5-dayforum at mailman.how tosellyour home
Subject: [5-DayForum] Sale diary day 2


Craigslist: Tried several times yesterday to improve my craigslist ad, and couldn't see how to do it, even in the help section. How does one change or delete the ad? My ad is already lost in the second page of houses... I have a new ad ready for Thursday.
?
I did update my hotpads ad this morning.
?
Didn't get the copies made, will do it today.
?
Should I do more staging if I can?
?
The handyman never showed up, so need to call another one.
?
Might do a little yard work today.
?
JCrafor



It?s the same Hotmail?. If by ?same? you mean up to 70% faster. Get your account now. 






Hi Keith ? 
? 
You are right; I missed the part where you plan to get your license.? Doing so will make all the difference for what you have in mind.? You are also right about the listing agent not being required to pay a commission to a non-licensed agent.? It even goes further than that ? it is illegal for a listing agent to pay a commission in the scenario you describe.? The penalty for such a violation is substantial. 
? 
On the issue of staging ? I heartily agree that staging helps sell property.? In my experience, properly priced and well staged properties always enjoy a competitive edge.? 
? 
Good luck with your plan.? 
? 

James Fleming
Realtor Partner?| Keller Williams Premier Partners Realty 
915 Broadway, First Floor, Vancouver WA 98660 ??? 
' 360.771.3003 |? 7?360.702.0777 
* jamesfleming.realestate at gmail.com 




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 Keith R. Pinster
Sent: Wednesday, December 31, 2008 9:25 AM
To: 'How To Sell Your Home in 5-Days'
Subject: Re: [5-DayForum] Buyer Agency
? 
Hi James.? I think you and Dutch missed the part where I said I was going to get my license before doing this.? I understand that I can?t represent a buyer if I?m not licensed.? As far as I?m concerned, this is obvious.? If the property is listed, the listing agent would have no compunction, desire, or requirement to share the commission with me if I am not an agent. 
? 




From: James Fleming [mailto:jamesfleming.realestate at gmail.com] 
Sent: Tuesday, December 30, 2008 5:43 PM
To: ' How To Sell Your Home in 5-Days '
Subject: Re: [5-DayForum] Buyer Agency
? 
I agree with Dutch.? If you have any doubt about this, you do not have to take our word for it.? Simply contact your state?s real estate division.? Explain your plan and ask if it requires you to be licensed. 
? 

James Fleming, NAR
Realtor Partner?| Keller Williams Premier Partners Realty 
915 Broadway, First Floor, Vancouver WA 98660 ??? 
' 360.771.3003 |? 7?360.702.0777 
* jamesfleming.realestate at gmail.com 




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 Dutch Revenboer
Sent: Tuesday, December 30, 2008 5:20 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Buyer Agency
? 
I believe what he is proposing breaks the law in all 50 states.? You can't sell real estate without a license unless you have equitable interest in the property.? Nor can you represent a buyer or a seller in the transaction.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com 

On Tue, Dec 30, 2008 at 5:52 PM, RC Cutcher <rcutcher at austin.rr.com> wrote:


Keith states:

?

Well, my concept here is to actually find the buyer in the first place.? Not
to bring an existing buyer into the sale.? Like I said, my concept is to do
this for REO properties that are not moving, and this wouldn't be much more
than an open house to get a group of potential buyers into a property.? The
person with the highest offer would then become my buyer.? 

Keith,

Well, ?based on the previous paragraph you wouldn't actually start representing the buyer until he/she won the bid.?? If you are aiming to do this for REO Companies and their Listing Agent, then they are basically your main interest, focus, and client. If you don't see a problem with that, it is probably because you haven't?reviewed in detail the buyer agency responsibility owed to clients by?the Realtor.? There are several potential legal?problems in representing a buyer for one particular house with one particular listing agent, with the goal of getting that one house under contract.? It probably is sometimes done with good?intentions and good ethics, but it would certainly be an exception for a buyer to choose an agent based on the fact that you convinced them that you had somehow looked out after their interest to single out that one home, and have a relationship developed with the Listing Company.?

?

?The example of it appears to be?out of bounds of good real estate practice, in my?view.? Maybe we can get some other comments.? Thanks.

?

RC Cutcher

Austin Texas Homes, LLC

www.austintexashomes.com

? 

_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 
? 
Yes I missed it too.? Best of luck in your new venture.? As the Chinese Proverb says, "May you live in interesting times".? Well, these definitely are!? Especially for Realtors :-)

Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com



On Wed, Dec 31, 2008 at 12:25 PM, James Fleming <jamesfleming.realestate at gmail.com> wrote:




Hi Keith ? 
?
You are right; I missed the part where you plan to get your license.? Doing so will make all the difference for what you have in mind.? You are also right about the listing agent not being required to pay a commission to a non-licensed agent.? It even goes further than that ? it is illegal for a listing agent to pay a commission in the scenario you describe.? The penalty for such a violation is substantial.
?
On the issue of staging ? I heartily agree that staging helps sell property.? In my experience, properly priced and well staged properties always enjoy a competitive edge.? 
?
Good luck with your plan.? 
?

James Fleming

Realtor Partner?| Keller Williams Premier Partners Realty
915 Broadway, First Floor, Vancouver WA 98660??? 
' 360.771.3003 |? 7?360.702.0777 
* jamesfleming.realestate at gmail.com




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 Keith R. Pinster
Sent: Wednesday, December 31, 2008 9:25 AM 



To: 'How To Sell Your Home in 5-Days'
Subject: Re: [5-DayForum] Buyer Agency



?
Hi James.? I think you and Dutch missed the part where I said I was going to get my license before doing this.? I understand that I can't represent a buyer if I'm not licensed.? As far as I'm concerned, this is obvious.? If the property is listed, the listing agent would have no compunction, desire, or requirement to share the commission with me if I am not an agent.
?




From: James Fleming [mailto:jamesfleming.realestate at gmail.com] 
Sent: Tuesday, December 30, 2008 5:43 PM
To: 'How To Sell Your Home in 5-Days'
Subject: Re: [5-DayForum] Buyer Agency
?
I agree with Dutch.? If you have any doubt about this, you do not have to take our word for it.? Simply contact your state's real estate division.? Explain your plan and ask if it requires you to be licensed.
?

James Fleming, NAR
Realtor Partner?| Keller Williams Premier Partners Realty
915 Broadway, First Floor, Vancouver WA 98660??? 
' 360.771.3003 |? 7?360.702.0777 
* jamesfleming.realestate at gmail.com




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 Dutch Revenboer
Sent: Tuesday, December 30, 2008 5:20 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Buyer Agency
?
I believe what he is proposing breaks the law in all 50 states.? You can't sell real estate without a license unless you have equitable interest in the property.? Nor can you represent a buyer or a seller in the transaction.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com

On Tue, Dec 30, 2008 at 5:52 PM, RC Cutcher <rcutcher at austin.rr.com> wrote:


Keith states:

?

Well, my concept here is to actually find the buyer in the first place.? Not
to bring an existing buyer into the sale.? Like I said, my concept is to do
this for REO properties that are not moving, and this wouldn't be much more
than an open house to get a group of potential buyers into a property.? The
person with the highest offer would then become my buyer.? 

Keith,

Well, ?based on the previous paragraph you wouldn't actually start representing the buyer until he/she won the bid.?? If you are aiming to do this for REO Companies and their Listing Agent, then they are basically your main interest, focus, and client. If you don't see a problem with that, it is probably because you haven't?reviewed in detail the buyer agency responsibility owed to clients by?the Realtor.? There are several potential legal?problems in representing a buyer for one particular house with one particular listing agent, with the goal of getting that one house under contract.? It probably is sometimes done with good?intentions and good ethics, but it would certainly be an exception for a buyer to choose an agent based on the fact that you convinced them that you had somehow looked out after their interest to single out that one home, and have a relationship developed with the Listing Company.?

?

?The example of it appears to be?out of bounds of good real estate practice, in my?view.? Maybe we can get some other comments.? Thanks.

?

RC Cutcher

Austin Texas Homes, LLC

www.austintexashomes.com

? 

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?

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Oh, gee,
As I read through the archives, Bill constantly asked people to post every day as they approached and completed their sale. 

The reason for being of?every forum is discussion. If the discussion weren't appropriate and desireable, Bill would not have opened the forum, and people would not read/question/respond.

JCrafor



From: liz at lizbacall.com

Holy Cow. I continuously see your emails, and I'm trying to think of what to suggest.

?
There are a ton of people who receive every single email we submit, and?we can see how many questions you have and how you are struggling with every single aspect of the process. 


Send e-mail faster without improving your typing skills. Get your Hotmail? account. 

j,
?
Liz is partially right.? You NEED to READ the book, you seem to want to write your own...I don't understand why you keep wanting to change EVERYTHING in the program.? However, the diary of your sale is helpful.? I am interested in the outcome, especially since you are doing it your way.
?
Tony

On Wed, Dec 31, 2008 at 1:57 PM, j crafor <jcrafor at hotmail.com> wrote:


Oh, gee,
As I read through the archives, Bill constantly asked people to post every day as they approached and completed their sale. 

The reason for being of?every forum is discussion. If the discussion weren't appropriate and desireable, Bill would not have opened the forum, and people would not read/question/respond.

JCrafor



From: liz at lizbacall.com 


Holy Cow. I continuously see your emails, and I'm trying to think of what to suggest.

?

There are a ton of people who receive every single email we submit, and?we can see how many questions you have and how you are struggling with every single aspect of the process. 



Send e-mail faster without improving your typing skills. Get your Hotmail? account.
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


Thanks to all who have been minding the store while I've been away.

I am working on the Fourth Edition of How to Sell Your Home in 5-Days.

It's not very different from the Third Edition, it just addresses concerns
people have relating to changed market conditions, and tries to clear up more
areas that either I didn't understand when I wrote the previous text, or
didn't explain well enough, as suggested by questions to this Forum.

As always, everything I've got to say is open to challenge.

I will be providing more and more "stock answers" as I develop the
new text, and I appreciate your feedback on market conditions, your experiences,
etc.

Thanks especially to those who maintained order in my absence,

Bill Effros





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


HAPPY NEW YEAR!!
Welcome back, Bill, we have missed you.
Rosemarie

----- Original Message ----- 
From: "Bill Effros" <bill at effros.com>
To: <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, January 01, 2009 11:18 AM
Subject: [5-DayForum] Fourth Edition


> Thanks to all who have been minding the store while I've been away.
>
> I am working on the Fourth Edition of How to Sell Your Home in 5-Days.
>
> It's not very different from the Third Edition, it just addresses
> concerns people have relating to changed market conditions, and tries to
> clear up more areas that either I didn't understand when I wrote the
> previous text, or didn't explain well enough, as suggested by
questions
> to this Forum.
>
> As always, everything I've got to say is open to challenge.
>
> I will be providing more and more "stock answers" as I develop
the new
> text, and I appreciate your feedback on market conditions, your
> experiences, etc.
>
> Thanks especially to those who maintained order in my absence,
>
> Bill Effros
>
>
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
>
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 


Hi

I have just joined the forum & preparing to sell my house in the next few
months because we will be moving out East in June.  I am curious as to how sales
are going for people currently?  I live in  South Dakota, which hasn't been
hit really hard yet with layoffs, although houses have not been moving very well
for last 6 months.  I have not talked to anyone in this area who has used the 5
day method, so if anyone has some experience in the upper Midwest I would
appreciate.  I look forward to future dialogue, this concept really has made me
feel more in charge of this big upcoming transaction. 

Mike 



Thanks, Rosemarie,

Happy New Year to you, too.

And thanks for all the work you've done on the list--I've been lurking.

B.



rosemarie-fred wrote: 
HAPPY NEW YEAR!!
Welcome back, Bill, we have missed you.
Rosemarie

----- Original Message ----- 
From: "Bill Effros" <bill at effros.com>
To: <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, January 01, 2009 11:18 AM
Subject: [5-DayForum] Fourth Edition


  
Thanks to all who have been minding the store while I've been away.

I am working on the Fourth Edition of How to Sell Your Home in 5-Days.

It's not very different from the Third Edition, it just addresses
concerns people have relating to changed market conditions, and tries to
clear up more areas that either I didn't understand when I wrote the
previous text, or didn't explain well enough, as suggested by questions
to this Forum.

As always, everything I've got to say is open to challenge.

I will be providing more and more "stock answers" as I develop the new
text, and I appreciate your feedback on market conditions, your
experiences, etc.

Thanks especially to those who maintained order in my absence,

Bill Effros




_______________________________________________
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

  When will the Fourth Edition be available?

	-----Original Message----- 
	From:
5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com
on behalf of Bill Effros 
	Sent: Thu 1/1/2009 10:18 AM 
	To: 5-dayforum at mailman.howtosellyourhomein5days.com 
	Cc: 
	Subject: [5-DayForum] Fourth Edition
	
	

	Thanks to all who have been minding the store while I've been away.
	
	I am working on the Fourth Edition of How to Sell Your Home in 5-Days.
	
	It's not very different from the Third Edition, it just addresses
	concerns people have relating to changed market conditions, and tries to
	clear up more areas that either I didn't understand when I wrote the
	previous text, or didn't explain well enough, as suggested by questions
	to this Forum.
	
	As always, everything I've got to say is open to challenge.
	
	I will be providing more and more "stock answers" as I develop the
new
	text, and I appreciate your feedback on market conditions, your
	experiences, etc.
	
	Thanks especially to those who maintained order in my absence,
	
	Bill Effros
	
	
	
	
	_______________________________________________
	5-DayForum mailing list
	5-DayForum at mailman.howtosellyourhomein5days.com
	http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
	



Hi Bill,
?
The idea of a fourth edition of your book is definitely way overdue. We live in an environment of virtual marketing where everything have something to with automation. It is believed 82% or more people go on line when they want to make purchases of any kind.?As for the market, things are super slow in some areas of the country. The second half of 2008 was one of the worse markets for real estate in more than 20 years.
Like anything, competition is stiff out there. Since the introduction of your first book, real estate investors and consultants have produced their own versions of auctioning houses in 7 days or less!?Some of them claim to be selling houses?at market values or higher, and they have also deviated from your idea of keeping other professionals at bay. In other words, there's a lot of greed involved with some of those people. I'd like you to include more content on internet marketing and automation.
Until next time, a healthy and prosperous 2009.
?
Emmanuel?





Stay up-to-date on the latest news - from fashion trends to celebrity break-ups and everything in between.
Don't hold your breath!

I'm just starting to set it up now.

You can know what I'm thinking if you ask on this list.? At first I will just give you outlines, and listen to feedback.

Bill Effros

PS -- Please sign your name every time so everyone will know who we are talking to.



Betty Pauley wrote: 
When will the Fourth Edition be available?

	-----Original Message----- 
	From: 5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com on behalf of Bill Effros 
	Sent: Thu 1/1/2009 10:18 AM 
	To: 5-dayforum at mailman.howtosellyourhomein5days.com 
	Cc: 
	Subject: [5-DayForum] Fourth Edition
	
	

	Thanks to all who have been minding the store while I've been away.
	
	I am working on the Fourth Edition of How to Sell Your Home in 5-Days.
	
	It's not very different from the Third Edition, it just addresses
	concerns people have relating to changed market conditions, and tries to
	clear up more areas that either I didn't understand when I wrote the
	previous text, or didn't explain well enough, as suggested by questions
	to this Forum.
	
	As always, everything I've got to say is open to challenge.
	
	I will be providing more and more "stock answers" as I develop the new
	text, and I appreciate your feedback on market conditions, your
	experiences, etc.
	
	Thanks especially to those who maintained order in my absence,
	
	Bill Effros
	
	
	
	
	_______________________________________________
	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
  

Where have the archives gone?
?
Also wondering if there are any people on this site who have used the 5 Day Sale process in Michigan, and how it has worked for them??
?
Patricia
?(suffering in Michigan? ? Help...)

Hi once again,
?
This is an update about my full name.
?
Emmanuel Laventure





Stay up-to-date on the latest news - from fashion trends to celebrity break-ups and everything in between.






?
?
Please delete my name from your email address 
? 
? 
Dan Boger 
12912 Sturbridge Rd. 
Woodbridge, VA 22192 
H 571-408-4319 
C 571-264-1752 
DBoger06 at comcast.net 
? 
? 

Hi there guys,
?
I live in one of the most business unfriendly state of the Union: New York. It doesn't required owners to have a Real Estate License to sell their own homes. If that's the case in some other states, their laws need to be repealed. Also, such laws are tantamount to losing some of our civil liberties!
?
Emmanuel Laventure





Stay up-to-date on the latest news - from fashion trends to celebrity break-ups and everything in between.


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Hi Bill,

New here and glad to hear that since I just purchased your Third Edition book on the 31st.

Patricia? 



Date: Thu, 1 Jan 2009 15:26:01 -0500
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Fourth Edition

Don't hold your breath!

I'm just starting to set it up now.

You can know what I'm thinking if you ask on this list.? At first I will just give you outlines, and listen to feedback.

Bill Effros

PS -- Please sign your name every time so everyone will know who we are talking to.



Betty Pauley wrote: 

When will the Fourth Edition be available?

	-----Original Message----- 
	From: 5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com on behalf of Bill Effros 
	Sent: Thu 1/1/2009 10:18 AM 
	To: 5-dayforum at mailman.howtosellyourhomein5days.com 
	Cc: 
	Subject: [5-DayForum] Fourth Edition
	
	

	Thanks to all who have been minding the store while I've been away.
	
	I am working on the Fourth Edition of How to Sell Your Home in 5-Days.
	
	It's not very different from the Third Edition, it just addresses
	concerns people have relating to changed market conditions, and tries to
	clear up more areas that either I didn't understand when I wrote the
	previous text, or didn't explain well enough, as suggested by questions
	to this Forum.
	
	As always, everything I've got to say is open to challenge.
	
	I will be providing more and more "stock answers" as I develop the new
	text, and I appreciate your feedback on market conditions, your
	experiences, etc.
	
	Thanks especially to those who maintained order in my absence,
	
	Bill Effros
	
	
	
	
	_______________________________________________
	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
  This list is huge, and it's likely to become very active over the next
several months.

Everyone's mailbox is going to bulge with 5-Day Forum postings.

Lets try to observe some strict rules.

1.  I won't permit any more posting to this list by non-members.  If you
want to interact, you must sign up.

2.  If you sign up and want to leave, you've got to do it for yourself!
It's the reverse of signing up.  I will post information on how to do these
things from time to time.

3. Learn how to use "filters" in your email program so that you can
move 5-DayForum email directly into the folder you will view it from, without
clogging your In Box.  (Again, I will post for those who don't already
know.)

4.  Put yourself into "Digest Mode" or "Vacation Mode" if
you want to retain your list privileges without receiving an overwhelming amount
of daily email.

5.  Use the subject line so others can follow discussions.  Make sure the
subject line reflects the content.  Multiple short subjects are better than huge
documents that no one has the time to read all the way through.  (The exception
is narrative descriptions of sales--Here we ask for the following format--
City-State-Day.  In my case that would be Greenwich-Ct-Day 1.  Then you would
tell in the body what happened that day, and people on the list could help you
while your sale is in progress.

6.  Let's announce who we are, and why we are here in every email.  So, I
would be Bill Effros, Author.  And you might be Jane Doe, Seller.  Or Mike
Smith, Buyer.  Or Bob Cole, Agent.  etc.  Again, this will allow people to more
easily sort through the daily email and the archives.

I'll formalize the things that work, and drop the things that don't.

Bill Effros, Author








What the hell are you talking about? What should owners be required to have a license
to sell their own house?

--- On Thu, 1/1/09, Eltutu1 at aol.com <Eltutu1 at aol.com> wrote:

From: Eltutu1 at aol.com <Eltutu1 at aol.com>
Subject: Re: [5-DayForum] Please remove me from your mailing lists.
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thursday, January 1, 2009, 8:45 PM



Hi there guys,
?
I live in one of the most business unfriendly state of the Union: New York. It doesn't required owners to have a Real Estate License to sell their own homes. If that's the case in some other states, their laws need to be repealed. Also, such laws are tantamount to losing some of our civil liberties!
?
Emmanuel Laventure





Stay up-to-date on the latest news - from fashion trends to celebrity break-ups and everything in between._______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



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Patricia, Michigan, Seller/Landlord, yes, in this day and age, that also equals HELPPP!! 

That is not a requirement.? Lots of people feel there is a great benefit in it, others do not.? My father was a broker, I have for a limited period of time, been a realtor, I am not licensed and at this time do not plan to become licensed, but I do plan on selling houses.? It is a personal choice really (at least from where I sit... someone correct me if I am wrong).

Patricia? 




Date: Thu, 1 Jan 2009 12:51:00 -0800
From: gary_st_armand at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Please remove me from your mailing lists.





What the hell are you talking about? What should owners be required to have a license
to sell their own house?

--- On Thu, 1/1/09, Eltutu1 at aol.com <Eltutu1 at aol.com> wrote:

From: Eltutu1 at aol.com <Eltutu1 at aol.com>
Subject: Re: [5-DayForum] Please remove me from your mailing lists.
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thursday, January 1, 2009, 8:45 PM



Hi there guys,
?
I live in one of the most business unfriendly state of the Union: New York. It doesn't required owners to have a Real Estate License to sell their own homes. If that's the case in some other states, their laws need to be repealed. Also, such laws are tantamount to losing some of our civil liberties!
?
Emmanuel Laventure





Stay up-to-date on the latest news - from fashion trends to celebrity break-ups and everything in between._______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum







I?m a Realtor in Orlando, Florida.? I?ve sold an investment property to someone who wanted me to list the home for him after he remodeled it.? Instead of taking 3% which I didn?t see him being able to afford I explained the whole 5 day method to him so that he could save some money and hopefully continue to do business with me instead of sinking. His feedback was that he got? a few phone calls, no one showed up, no offers.? My only thought was it must take 10 times more promotion to get the amount of people looking that it takes to generate an offer.
?
Anyone who has successfully sold a home with this method please tell me the amount of marketing you did to generate enough ?lookers? to find your buyer. 
? 
Thanks, 
Jason Tropf 
? 


From: 5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Thursday, January 01, 2009 3:26 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Fourth Edition
? 
Don't hold your breath!

I'm just starting to set it up now.

You can know what I'm thinking if you ask on this list.? At first I will just give you outlines, and listen to feedback.

Bill Effros

PS -- Please sign your name every time so everyone will know who we are talking to.



Betty Pauley wrote: When will the Fourth Edition be available? ???????? -----Original Message----- ??????? From: 5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com on behalf of Bill Effros ??????? Sent: Thu 1/1/2009 10:18 AM ??????? To: 5-dayforum at mailman.howtosellyourhomein5days.com ??????? Cc: ??????? Subject: [5-DayForum] Fourth Edition??????? ???????  ???????? Thanks to all who have been minding the store while I've been away.??????? ??????? I am working on the Fourth Edition of How to Sell Your Home in 5-Days.??????? ??????? It's not very different from the Third Edition, it just addresses??????? concerns people have
 relating to changed market conditions, and tries to??????? clear up more areas that either I didn't understand when I wrote the??????? previous text, or didn't explain well enough, as suggested by questions??????? to this Forum.??????? ??????? As always, everything I've got to say is open to challenge.??????? ??????? I will be providing more and more "stock answers" as I develop the new??????? text, and I appreciate your feedback on market conditions, your??????? experiences, etc.???????
 ??????? Thanks especially to those who maintained order in my absence,??????? ??????? Bill Effros??????? ??????? ??????? ??????? ??????? _______________________________________________??????? 5-DayForum mailing list??????? 5-DayForum at mailman.howtosellyourhomein5days.com??????? http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum???????  ??  ?

 ?_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum? 
Jason,

It's not the marketing, it's the price.

Your investor won't be able to get his price in this market no matter how much he advertises.

The 5-Day Method does not change the market.? It just gets you the exact current market value of a property in 5 days.

If your investor got only a few phone calls, that was because the amount he listed was substantially more than 50% of the current market value.

Bill Effros, Author



Jason Tropf wrote: 






I?m a Realtor in Orlando, Florida.? I?ve sold an investment property to someone who wanted me to list the home for him after he remodeled it.? Instead of taking 3% which I didn?t see him being able to afford I explained the whole 5 day method to him so that he could save some money and hopefully continue to do business with me instead of sinking. His feedback was that he got? a few phone calls, no one showed up, no offers.? My only thought was it must take 10 times more promotion to get the amount of people looking that it takes to generate an offer.
?
Anyone who has successfully sold a home with this method please tell me the amount of marketing you did to generate enough ?lookers? to find your buyer. 
? 
Thanks, 
Jason Tropf 
? 


From: 5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Thursday, January 01, 2009 3:26 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Fourth Edition
? 
Don't hold your breath!

I'm just starting to set it up now.

You can know what I'm thinking if you ask on this list.? At first I will just give you outlines, and listen to feedback.

Bill Effros

PS -- Please sign your name every time so everyone will know who we are talking to.



Betty Pauley wrote: When will the Fourth Edition be available? ???????? -----Original Message----- ??????? From: 5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com on behalf of Bill Effros ??????? Sent: Thu 1/1/2009 10:18 AM ??????? To: 5-dayforum at mailman.howtosellyourhomein5days.com ??????? Cc: ??????? Subject: [5-DayForum] Fourth Edition??????? ???????  ???????? Thanks to all who have been minding the store while I've been away.??????? ??????? I am working on the Fourth Edition of How to Sell Your Home in 5-Days.??????? ??????? It's not very different from the Third Edition, it just addresses??????? concerns people have
 relating to changed market conditions, and tries to??????? clear up more areas that either I didn't understand when I wrote the??????? previous text, or didn't explain well enough, as suggested by questions??????? to this Forum.??????? ??????? As always, everything I've got to say is open to challenge.??????? ??????? I will be providing more and more "stock answers" as I develop the new??????? text, and I appreciate your feedback on market conditions, your??????? experiences, etc.???????
 ??????? Thanks especially to those who maintained order in my absence,??????? ??????? Bill Effros??????? ??????? ??????? ??????? ??????? _______________________________________________??????? 5-DayForum mailing list??????? 5-DayForum at mailman.howtosellyourhomein5days.com??????? http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum???????  ??  ?

   ?_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum? 
_______________________________________________
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http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  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

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

2.  Scroll to the bottom where it says  "5-DayForum Subscribers"

3.  Enter your email address

4.  Press: Unsubscribe or edit options

5.  Press the Unsubscribe Button



The answer to every question asked to date can be found in the Archives.

To View Prior Months' Archives:

www.5-DayForum.com

Click on "About the Forum" link below the 4 blue buttons on the left
side of the home page

Click on "5-DayForum Archives" in the second paragraph of the first
topic.

If you are a list member this should give you access to every question
and answer ever posted on the Forum including a downloadable text
version for each month.

You can sort the archives by thread, date, author and subject.

Bill Effros





Mike,

The 5-Day Method works everywhere in every market.  You will get the top end of
the current market value in 5 days if you exactly follow the method.

Bill Effros, Author



dakotamhh at gmail.com wrote:
> Hi
> 
> I have just joined the forum & preparing to sell my house in the next
few months because we will be moving out East in June.  I am curious as to how
sales are going for people currently?  I live in  South Dakota, which hasn't
been hit really hard yet with layoffs, although houses have not been moving very
well for last 6 months.  I have not talked to anyone in this area who has used
the 5 day method, so if anyone has some experience in the upper Midwest I would
appreciate.  I look forward to future dialogue, this concept really has made me
feel more in charge of this big upcoming transaction. 
> Mike 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
>
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
>   




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To do this it appears you need to do one of the following:
? 
To subscribe or unsubscribe via the World Wide Web, visit
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

or, via email, send a message with subject or body 'help' to
5-dayforum-request at mailman.howtosellyourhomein5days.com

You can reach the person managing the list at
5-dayforum-owner at mailman.howtosellyourhomein5days.com

Patricia 
?(still suffering in Michigan... ;P)







From: dboger06 at comcast.net
To: 5-DayForum at mailman.howtosellyourhomein5days.com
Date: Thu, 1 Jan 2009 15:44:33 -0600
Subject: [5-DayForum] delete my name



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?
? 
Please delete my name from your email address 
? 
? 
Dan Boger 
12912 Sturbridge Rd. 
Woodbridge, VA 22192 
H 571-408-4319 
C 571-264-1752 
DBoger06 at comcast.net 
? 
?In order to immediately post to the Forum without moderator approval, or
to get full access to the archives, you must subscribe to the 5-DayForum.

If you want to subscribe to the 5-DayForum you must do it for yourself.

1.  Go to the main website:

www.5-DayForum.com

2.  Click on the blue word "Subscribe" 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


You must join the 5-Day Forum to freely post.

Each message posted by non-members must first be cleared by me.  This is
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posted to the Forum, so a message waits for me to find it before going
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Even after you become a member, the first time you post, it must go
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approval.  I remember most of the time.

If you are in "Digest" mode, you won't know you have posted until
you
get the next Digest.

Once you're a member of the Forum, you can change your subscription
around to suit yourself.  You can go into digest mode so you only get
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If you look in the subject line and it says within brackets
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that means it came through the list server, and everyone else on the
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If your e-mail is not posting, even after you're on the list, send
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to the Forum, as well, and you should get a reply at some point if you
wait, or look around in your own computer.

Check the security settings on your computer.  Because of the high
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and throw some stuff into your junk folder.  If you find some 5-DayForum
email in your junk folder, set your spam filter to accept all incoming
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If my server goes down, which sometimes happens, you won't get
any 5-DayForum email from anyone until we fix my server on my end.  At
that point, you'll get everything posted while we were down.  The server
isn't smart enough to arbitrarily discriminate against you.

Bill Effros


If you are getting too much email from this list, you can switch to
"Digest" mode--a single email containing all the email sent back and
forth since the previous digest.


1.  Go to the main website:

www.5-DayForum.com

2.  Click on the blue words "Your Account" on the left side of the
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page.

3.  Fill in the email address of your subscription in the box provided
for "Unsubscribe or edit options" at the bottom of the page.

4.  Follow the instructions.


Please note, you can change several other options to make the 5-Day
Forum work better for you.  You can switch the options back and forth at
will, at any time.


Bill Effros






Happy New Year to all!
?
I'm a real estate broker both in Florida (Naples/Marco Island) and Illinois (Chicagoland)?and I'm going to try?the 5?day sale?method.?I'm going to try?first selling one of my own properties in the Naples Florida to get the system down, then try to sell some of preforecloure properties that I have listed ?that need to be short saled,?On pre-foreclosures. the banks want offers on? the property? in default (any offer that is reasonable) to keep foreclosure at bay..In a typical short sale. the bank pays all of the real estate commission??so I think that this method would be ideal. I beleive that ?I would just need to disclose to the winning bid that the offer is subject to bank approval? Have any?realtors tried this on short sales?? Property values in Florida in our area, have already plummeted to 1/2 of original selling prices,?so in setting a price on a 5 day sale, if I understand it correctly, the initial?price really?doesn't matter,
 since?the market sets the price for a final sale, so If I start at?1/4 of the original price, I should get some decent traffic?through the properties. If documented properly,?I think there?would be a decent chance of getting the?round robin price accepted by the asset manager at the bank.
?
Are there any real estate brokers on this forum who have tried this????If so, what about advertising and?disclosure that a real estate agent is doing this... if repesenting a seller???
?
?
Lili O'Day



From: 5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Thursday, January 01, 2009 12:52 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Fourth Edition


Thanks, Rosemarie,

Happy New Year to you, too.

And thanks for all the work you've done on the list--I've been lurking.

B.



rosemarie-fred wrote: 
HAPPY NEW YEAR!!
Welcome back, Bill, we have missed you.
Rosemarie

----- Original Message ----- 
From: "Bill Effros" <bill at effros.com>
To: <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, January 01, 2009 11:18 AM
Subject: [5-DayForum] Fourth Edition


  
Thanks to all who have been minding the store while I've been away.

I am working on the Fourth Edition of How to Sell Your Home in 5-Days.

It's not very different from the Third Edition, it just addresses
concerns people have relating to changed market conditions, and tries to
clear up more areas that either I didn't understand when I wrote the
previous text, or didn't explain well enough, as suggested by questions
to this Forum.

As always, everything I've got to say is open to challenge.

I will be providing more and more "stock answers" as I develop the new
text, and I appreciate your feedback on market conditions, your
experiences, etc.

Thanks especially to those who maintained order in my absence,

Bill Effros




_______________________________________________
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

  If you want to remain a member of this list without getting any mail,
you can switch to "Vacation" mode.  You will retain your membership
status (ability to view all archives and download; ability to post
directly to the Forum without a moderator review) and you will be able
to change back to any non-vacation mode at will.

1.  Go to the main website:

www.5-DayForum.com

2.  Click on the blue words "Your Account" on the left side of the
home
page.

3.  Fill in the email address of your subscription in the box provided
for "Unsubscribe or edit options" at the bottom of the page.

4.  Disable the "Mail Delivery" box.


Please note, you can change several other options to make the 5-Day
Forum work better for you.  You can switch the options back and forth at
any time.


Bill Effros



Lili,

Your pricing is right.? If you can't get 25 responses by Friday 1/4 of the original price still isn't low enough.

There's a guy on a radio program in Chicago who has been doing Short Sales using the 5-Day Method for a couple of years.? He knows what's going on in the market up there.

If you don't know who this is (the name "Mark...Eakins?" sort of rings a bell) I'll look him up in my publicity file.

LMK,

Bill Effros, Author



O'Day, Lili wrote: 


Happy New Year to all!
?
I'm a real estate broker both in Florida (Naples/Marco Island) and Illinois (Chicagoland)?and I'm going to try?the 5?day sale?method.?I'm going to try?first selling one of my own properties in the Naples Florida to get the system down, then try to sell some of preforecloure properties that I have listed ?that need to be short saled,?On pre-foreclosures. the banks want offers on? the property? in default (any offer that is reasonable) to keep foreclosure at bay..In a typical short sale. the bank pays all of the real estate commission??so I think that this method would be ideal. I beleive that ?I would just need to disclose to the winning bid that the offer is subject to bank approval? Have any?realtors tried this on short sales?? Property values in Florida in our area, have already plummeted to 1/2 of original selling prices,?so in setting a price on a 5 day sale, if I understand it correctly, the initial?price really?doesn't matter,
 since?the market sets the price for a final sale, so If I start at?1/4 of the original price, I should get some decent traffic?through the properties. If documented properly,?I think there?would be a decent chance of getting the?round robin price accepted by the asset manager at the bank.
?
Are there any real estate brokers on this forum who have tried this????If so, what about advertising and?disclosure that a real estate agent is doing this... if repesenting a seller???
?
?
Lili O'Day



From: 5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Thursday, January 01, 2009 12:52 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Fourth Edition

Thanks, Rosemarie,

Happy New Year to you, too.

And thanks for all the work you've done on the list--I've been lurking.

B.



rosemarie-fred wrote: 
HAPPY NEW YEAR!!
Welcome back, Bill, we have missed you.
Rosemarie

----- Original Message ----- 
From: "Bill Effros" <bill at effros.com>
To: <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, January 01, 2009 11:18 AM
Subject: [5-DayForum] Fourth Edition


  
Thanks to all who have been minding the store while I've been away.

I am working on the Fourth Edition of How to Sell Your Home in 5-Days.

It's not very different from the Third Edition, it just addresses
concerns people have relating to changed market conditions, and tries to
clear up more areas that either I didn't understand when I wrote the
previous text, or didn't explain well enough, as suggested by questions
to this Forum.

As always, everything I've got to say is open to challenge.

I will be providing more and more "stock answers" as I develop the new
text, and I appreciate your feedback on market conditions, your
experiences, etc.

Thanks especially to those who maintained order in my absence,

Bill Effros




_______________________________________________
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
  

Well, it doesn't sound like he followed the book.
Danielle
?

In a message dated 1/1/2009 4:17:10 P.M. Eastern Standard Time, jason at jasontropf.com writes:


I?m a Realtor in Orlando, Florida.? I?ve sold an investment property to someone who wanted me to list the home for him after he remodeled it.? Instead of taking 3% which I didn?t see him being able to afford I explained the whole 5 day method to him so that he could save some money and hopefully continue to do business with me instead of sinking. His feedback was that he got? a few phone calls, no one showed up, no offers.? My only thought was it must take 10 times more promotion to get the amount of people looking that it takes to generate an offer.
?
Anyone who has successfully sold a home with this method please tell me the amount of marketing you did to generate enough ?lookers? to find your buyer.
? 
Thanks, 
Jason Tropf 
? 


From: 5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+jason=jasontropf.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Thursday, January 01, 2009 3:26 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Fourth Edition
? 
Don't hold your breath!

I'm just starting to set it up now.

You can know what I'm thinking if you ask on this list.? At first I will just give you outlines, and listen to feedback.

Bill Effros

PS -- Please sign your name every time so everyone will know who we are talking to.



Betty Pauley wrote: When will the Fourth Edition be available? ???????? -----Original Message----- ??????? From: 5-dayforum-bounces+bpauley=a2scolumbiamo.com at mailman.howtosellyourhomein5days.com on behalf of Bill Effros ??????? Sent:
 Thu 1/1/2009 10:18 AM ??????? To: 5-dayforum at mailman.howtosellyourhomein5days.com ??????? Cc: ??????? Subject: [5-DayForum] Fourth Edition??????? ???????  ???????? Thanks to all who have been minding the store while I've been away.??????? ??????? I am working on the Fourth Edition of How to Sell Your Home in 5-Days.??????? ???????
 It's not very different from the Third Edition, it just addresses??????? concerns people have relating to changed market conditions, and tries to??????? clear up more areas that either I didn't understand when I wrote the??????? previous text, or didn't explain well enough, as suggested by questions??????? to this Forum.??????? ??????? As always, everything I've got to say is open to challenge.??????? ??????? I will be providing more and more "stock answers" as I develop the new??????? text, and I appreciate your feedback on market conditions,
 your??????? experiences, etc.??????? ??????? Thanks especially to those who maintained order in my absence,??????? ??????? Bill Effros??????? ??????? ??????? ??????? ??????? _______________________________________________??????? 5-DayForum mailing list??????? 5-DayForum at mailman.howtosellyourhomein5days.com??????? http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum???????  ??  ?

 ?_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://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







New year...new news. Be the first to know what is making headlines.


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Patricia, Michigan, Seller/Landlord,?in this day and age (for me), that also equals HELPPP!! 

There it is!? Thank you Bill.

Patricia? 



> Date: Thu, 1 Jan 2009 16:39:26 -0500
> From: bill at effros.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Archives
> 
> The answer to every question asked to date can be found in the Archives.
> 
> To View Prior Months' Archives:
> 
> www.5-DayForum.com
> 
> Click on "About the Forum" link below the 4 blue buttons on the left
> side of the home page
> 
> Click on "5-DayForum Archives" in the second paragraph of the first topic.
> 
> If you are a list member this should give you access to every question
> and answer ever posted on the Forum including a downloadable text
> version for each month.
> 
> You can sort the archives by thread, date, author and subject.
> 
> Bill Effros
> 
> 
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


Lili,
I'm not an agent/broker.? I'm an investor negitiating short sales for mysel, other investors as well as retail buyers whose broker contracts with me.? My only caution to you is this - pick your buyer carefully.? the highest bidder must be willing to have the patience to not have an answer from the bank for weeks and potentially months.? even the best SS negotiator has some files that cant be closed quickly.? Many of my retail buyers walk before the process is complete as it takes too long.? The banks are getting better but the process is often more than Joe & Sally wish to deal with even when you do your best to prepare them.
Danielle
Buyer/seller/investor
?

In a message dated 1/1/2009 5:16:51 P.M. Eastern Standard Time, lili at lilioday.com writes:


Happy New Year to all!
?
I'm a real estate broker both in Florida (Naples/Marco Island) and Illinois (Chicagoland)?and I'm going to try?the 5?day sale?method.?I'm going to try?first selling one of my own properties in the Naples Florida to get the system down, then try to sell some of preforecloure properties that I have listed ?that need to be short saled,?On pre-foreclosures. the banks want offers on? the property? in default (any offer that is reasonable) to keep foreclosure at bay..In a typical short sale. the bank pays all of the real estate commission??so I think that this method would be ideal. I beleive that ?I would just need to disclose to the winning bid that the offer is subject to bank approval? Have any?realtors tried this on short sales?? Property values in Florida in our area, have already plummeted to 1/2 of original selling prices,?so in setting a price on a 5 day sale, if I understand it correctly, the initial?price really?doesn't matter,
 since?the market sets the price for a final sale, so If I start at?1/4 of the original price, I should get some decent traffic?through the properties. If documented properly,?I think there?would be a decent chance of getting the?round robin price accepted by the asset manager at the bank.
?
Are there any real estate brokers on this forum who have tried this????If so, what about advertising and?disclosure that a real estate agent is doing this... if repesenting a seller???
?
?
Lili O'Day



From: 5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Thursday, January 01, 2009 12:52 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Fourth Edition


Thanks, Rosemarie,

Happy New Year to you, too.

And thanks for all the work you've done on the list--I've been lurking.

B.



rosemarie-fred wrote: 
HAPPY NEW YEAR!!
Welcome back, Bill, we have missed you.
Rosemarie

----- Original Message ----- 
From: "Bill Effros" <bill at effros.com>
To: <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, January 01, 2009 11:18 AM
Subject: [5-DayForum] Fourth Edition


  
Thanks to all who have been minding the store while I've been away.

I am working on the Fourth Edition of How to Sell Your Home in 5-Days.

It's not very different from the Third Edition, it just addresses
concerns people have relating to changed market conditions, and tries to
clear up more areas that either I didn't understand when I wrote the
previous text, or didn't explain well enough, as suggested by questions
to this Forum.

As always, everything I've got to say is open to challenge.

I will be providing more and more "stock answers" as I develop the new
text, and I appreciate your feedback on market conditions, your
experiences, etc.

Thanks especially to those who maintained order in my absence,

Bill Effros




_______________________________________________
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






New year...new news. Be the first to know what is making headlines._______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum




the law is that you can sell any property that you have an EQUITABLE interest in (you OWN some or all of it).? There are a few exceptions, like for hired property managers, lawyers doing probate work, etc (each state has it's own rules).? But unless you have a Real Estate license or are a member of one of the Exception Groups, you can not broker a deal without a license.? I'm pretty sure running a 5-day sale FOR a property which you do NOT have an equitable interest in would qualify you for a pretty hefty fine in all 50 states.

Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com



On Thu, Jan 1, 2009 at 3:12 PM, Patricia Lone <patricialone at hotmail.com> wrote:



Patricia, Michigan, Seller/Landlord, yes, in this day and age, that also equals HELPPP!! 

That is not a requirement.? Lots of people feel there is a great benefit in it, others do not.? My father was a broker, I have for a limited period of time, been a realtor, I am not licensed and at this time do not plan to become licensed, but I do plan on selling houses.? It is a personal choice really (at least from where I sit... someone correct me if I am wrong).

Patricia? 




Date: Thu, 1 Jan 2009 12:51:00 -0800
From: gary_st_armand at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Please remove me from your mailing lists.





What the hell are you talking about? What should owners be required to have a license
to sell their own house?

--- On Thu, 1/1/09, Eltutu1 at aol.com <Eltutu1 at aol.com> wrote:

From: Eltutu1 at aol.com <Eltutu1 at aol.com>
Subject: Re: [5-DayForum] Please remove me from your mailing lists.
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thursday, January 1, 2009, 8:45 PM



Hi there guys,
?
I live in one of the most business unfriendly state of the Union: New York. It doesn't required owners to have a Real Estate License to sell their own homes. If that's the case in some other states, their laws need to be repealed. Also, such laws are tantamount to losing some of our civil liberties!
?
Emmanuel Laventure





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Patricia, Michigan, Seller/Landlord, in this day and age (for me), that also equals HELPPP!! 

Okay, I haven't read through the book entirely, but I'm lost on the "undisclosed reserve."? Can you describe that more for me please... or is that all there is to it?... a sort of tickler, feeler, teaser, or maybe an empty technique to spur more interest?? ... I am just lost on the term.? Can you help me understand that better?

Patricia? 




Date: Thu, 1 Jan 2009 17:33:46 -0600
From: bpauley at a2scolumbiamo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Success Ratio



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My name is Betty Pauley, I am a Realtor in Columbia Missouri.
?
I have used this method six times, five of the six the homes were sold as a direct result of the sale.? I follow the book very closely, but also utilize the MLS and the Realtor Network.? Two of the five buyers were represented by a Realtor.? I put comments in the MLS remarks section giving information about the sale.? Other Realtors in the community are now starting to copy the method.? I am also getting referrals from other Realtors who do not want to use the method.
?
I make sure that there is equity in the property to pay my fee.? The one home that did not sell had no equity and wound up being reposessed.? I learned my lesson from that one. 
?
I place a small classified ad to run Wednesday thru Sunday, hold the home open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.? I purchased the sign package and put signs out everywhere.? If the owner is willing and available, I have them with me at the open houses to answer questions.? I also put the owners phone number on the sign and ad to take the calls. 
?
I make it very clear to all potential bidders that nothing is binding until it is in writing on either the buyers or sellers part.? I also state that there is an undisclosed reserve.? When asked what it is,? I just smile sweetly and say 'its undisclosed'....
Exactly what it means.? Example, I'm going to auction a car, but I will not take less then 5000.? The auction goes off and the highest bidder is 4000.? I don't sell the car.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com



On Thu, Jan 1, 2009 at 6:20 PM, Patricia Lone <patricialone at hotmail.com> wrote:



Patricia, Michigan, Seller/Landlord, in this day and age (for me), that also equals HELPPP!! 

Okay, I haven't read through the book entirely, but I'm lost on the "undisclosed reserve."? Can you describe that more for me please... or is that all there is to it?... a sort of tickler, feeler, teaser, or maybe an empty technique to spur more interest?? ... I am just lost on the term.? Can you help me understand that better?

Patricia? 




Date: Thu, 1 Jan 2009 17:33:46 -0600
From: bpauley at a2scolumbiamo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Success Ratio





My name is Betty Pauley, I am a Realtor in Columbia Missouri.
?
I have used this method six times, five of the six the homes were sold as a direct result of the sale.? I follow the book very closely, but also utilize the MLS and the Realtor Network.? Two of the five buyers were represented by a Realtor.? I put comments in the MLS remarks section giving information about the sale.? Other Realtors in the community are now starting to copy the method.? I am also getting referrals from other Realtors who do not want to use the method.
?
I make sure that there is equity in the property to pay my fee.? The one home that did not sell had no equity and wound up being reposessed.? I learned my lesson from that one. 
?
I place a small classified ad to run Wednesday thru Sunday, hold the home open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.? I purchased the sign package and put signs out everywhere.? If the owner is willing and available, I have them with me at the open houses to answer questions.? I also put the owners phone number on the sign and ad to take the calls. 
?
I make it very clear to all potential bidders that nothing is binding until it is in writing on either the buyers or sellers part.? I also state that there is an undisclosed reserve.? When asked what it is,? I just smile sweetly and say 'its undisclosed'....
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum





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Patricia, Michigan, Seller/Landlord, in this day and age (for me), that also equals HELPPP!! 

Okay, I'm?understand that and now get the full meaning of her message.? Did not read it correctly the first time.? I perfectly get it?now; not sure why that didn't come to mind.? May I blame it on the holiday?

Thanks Dutch!

Patricia 




Date: Thu, 1 Jan 2009 18:24:01 -0600
From: flyingnutjob at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Success Ratio

Exactly what it means.? Example, I'm going to auction a car, but I will not take less then 5000.? The auction goes off and the highest bidder is 4000.? I don't sell the car.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com



On Thu, Jan 1, 2009 at 6:20 PM, Patricia Lone <patricialone at hotmail.com> wrote:



Patricia, Michigan, Seller/Landlord, in this day and age (for me), that also equals HELPPP!! 

Okay, I haven't read through the book entirely, but I'm lost on the "undisclosed reserve."? Can you describe that more for me please... or is that all there is to it?... a sort of tickler, feeler, teaser, or maybe an empty technique to spur more interest?? ... I am just lost on the term.? Can you help me understand that better?

Patricia? 




Date: Thu, 1 Jan 2009 17:33:46 -0600
From: bpauley at a2scolumbiamo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Success Ratio 





My name is Betty Pauley, I am a Realtor in Columbia Missouri.
?
I have used this method six times, five of the six the homes were sold as a direct result of the sale.? I follow the book very closely, but also utilize the MLS and the Realtor Network.? Two of the five buyers were represented by a Realtor.? I put comments in the MLS remarks section giving information about the sale.? Other Realtors in the community are now starting to copy the method.? I am also getting referrals from other Realtors who do not want to use the method.
?
I make sure that there is equity in the property to pay my fee.? The one home that did not sell had no equity and wound up being reposessed.? I learned my lesson from that one. 
?
I place a small classified ad to run Wednesday thru Sunday, hold the home open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.? I purchased the sign package and put signs out everywhere.? If the owner is willing and available, I have them with me at the open houses to answer questions.? I also put the owners phone number on the sign and ad to take the calls. 
?
I make it very clear to all potential bidders that nothing is binding until it is in writing on either the buyers or sellers part.? I also state that there is an undisclosed reserve.? When asked what it is,? I just smile sweetly and say 'its undisclosed'....
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


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From c519512c at hotmail.com  Fri Jan  2 09:01:32 2009
From: c519512c at hotmail.com (kenneth dilkes)
Date: Fri, 2 Jan 2009 09:01:32 -0500
Subject: [5-DayForum] Sale diary day 2
In-Reply-To: <000f01c96b73$d1f51240$4101a8c0@liz>
References: <003f01c96ad9$b1da48d0$0201a8c0@RCCutcher><d2b697900812301719t13ad7b17p497ef92939ffca2a@mail.gmail.com>
	<2EE10414388549D98CEA17503E4B0707@jamesfleming>
	<BAY135-W520D29D2F25E0877993BFAEE40@phx.gbl> 
	<000f01c96b73$d1f51240$4101a8c0@liz>
Message-ID: <BLU149-W364CFE02AA71611D748AD1C4E20@phx.gbl>


well said

From: liz at lizbacall.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Wed, 31 Dec 2008 13:15:38 -0500Subject: Re: [5-DayForum] Sale diary day 2


Holy Cow. I continuously see your emails, and I'm trying to think of what to suggest.
 
Please go to Craigslist to learn how to use Craigslist. All the info you seek is there. I know, because that is how I learned it.
 
Please use the sample ad from the book or don't, but there are just so many times we on the forum can tell you to use the ad in the book.
 
Please do not feel that you need to submit a daily sale diary of what you are doing; if we all did that, none of us would get anything done reading them all and our incoming mail would be filled with diary info.
 
Please do go take the real estate classes so you can get the license you say you want, for whatever state you live in will know the answers to many of the questions you ask. Every state is different. Dual agency is illegal, but in Florida we have Transaction Agency and Buyer Agents. Your realtor board will know what is/isn't legal in your state. Right now your cart if before your horse. The laws for a home-owner are different than for a Realtor. As it appears your intention is to sell a home now, and you are not licensed, then just follow the book.
 
If you have read the book only once, please read it again -- at least twice. Each time you read it, you will remember more of the system and you will not feel so lost.
 
There are a ton of people who receive every single email we submit, and we can see how many questions you have and how you are struggling with every single aspect of the process. With all my heart I want to encourage you to stop everything and re-re-read the book. If you are doing one home as a home-owner, we still request you read the book several times. But especially since you are asking Realtor questions, it would help you more than words can say if you would go ahead and get those classes and your license. If you are seriously wanting to get your license, may I respectfully suggest you make this your New Year's Resolution?
 
HAPPY NEW YEAR TO EVERYONE!  Here's to a great 2009!!!
 
Warmest regards,
Liz Bacall
Palm Beach, FL


From: 5-dayforum-bounces+liz=lizbacall.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+liz=lizbacall.com at mailman.howtosellyourhomein5days.com] On Behalf Of j craforSent: Wednesday, December 31, 2008 10:42 AMTo: 5-dayforum at mailman.how tosellyour homeSubject: [5-DayForum] Sale diary day 2
Craigslist: Tried several times yesterday to improve my craigslist ad, and couldn't see how to do it, even in the help section. How does one change or delete the ad? My ad is already lost in the second page of houses... I have a new ad ready for Thursday. I did update my hotpads ad this morning. Didn't get the copies made, will do it today. Should I do more staging if I can? The handyman never showed up, so need to call another one. Might do a little yard work today. JCrafor

It?s the same Hotmail?. If by ?same? you mean up to 70% faster. Get your account now.
_________________________________________________________________
It?s the same Hotmail?. If by ?same? you mean up to 70% faster.
http://windowslive.com/online/hotmail?ocid=TXT_TAGLM_WL_hotmail_acq_broad1_122008
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From real.estate.professor at hotmail.com  Fri Jan  2 10:53:07 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Fri, 2 Jan 2009 09:53:07 -0600
Subject: [5-DayForum] Welcome Back Bill
Message-ID: <BLU122-W5FAFA98ADF97EE1E83C7DB4E20@phx.gbl>


Happy New Year!
 
Kyle
_________________________________________________________________
Send e-mail faster without improving your typing skills.
http://windowslive.com/online/hotmail?ocid=TXT_TAGLM_WL_hotmail_acq_speed_122008
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From keith.pinster at comcast.net  Fri Jan  2 11:32:03 2009
From: keith.pinster at comcast.net (Keith R. Pinster)
Date: Fri, 2 Jan 2009 08:32:03 -0800
Subject: [5-DayForum] Success Ratio
In-Reply-To: <495D9DFB.1070809@effros.com>
Message-ID: <03c501c96cf7$a5473900$0702a8c0@accentinc.com>

Hi Bill,

 

What do you mean by "The implied reserve is double the starting price"?  I
think the problem most people are having is the "implied lie" that you will
sell the house for anything over the price in the ad, so if they don't get
enough, they think they are "lying" to the public.  What are your thoughts
on this?

 

Keith - Vancouver, WA

 

  _____  

From: Bill Effros [mailto:bill at effros.com] 
Sent: Thursday, January 01, 2009 8:54 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Success Ratio

 

Betty,

I believe you will get more money for each sale if you don't use undisclosed
reserves.  The implied reserve is double the starting price.

Have your fee placed in escrow before the sale (not legal everywhere--what's
the story in Missouri?)

I assume you base your fee on a percentage of the selling price.  The escrow
amount should be double the starting price times your percentage.  If your
client fails to get the implied reserve, your fee is your percentage of the
actual selling price, and the client gets back the difference from the
escrow account.

If the client throws in a "ringer" who is jacking up the price beyond what
anyone else will pay, the client still pays your fee based on the shill's
bid.  This tends tends to discourage this practice which usually winds up
with the seller buying the house and refusing to pay a fee to the broker who
did all the work.

If the bank outbids every other buyer, you get your percentage of the bank's
price.

The key to the implied reserve is the 25 responses by Friday night rule.  If
you fail to get 25 responses by Friday night, offering the property for 50%
of the implied reserve, that property is unlikely to sell for more than the
implied reserve, and you, as the broker, don't have to waste your time and
effort.

Of course, since the client has to put up escrow money in advance, there is
an incentive to start with a low implied reserve.  This works for everyone,
as it makes it far more likely that the very low starting price will attract
a high number of potential buyers, and that you will not be wasting your
time when you set up the sale.  If the property sells for more than double
the starting price, you get more than the escrow amount.

Please note, I am absolutely sure you do not get a lower selling price if
you use a lower starting price.  You do more work, and see more people who
will not pay the top price, but the top price is the top price no matter
where you start.  This is true whether the seller has equity in the property
or not.

The lower starting prices and lower implied reserve will ensure that you
don't lose 3 days setting up a sale that won't ever happen.  You will do
more work at each sale, but you should be able to increase your success
ratio to 100%.

Bill Effros



Betty Pauley wrote: 

My name is Betty Pauley, I am a Realtor in Columbia Missouri.
 
I have used this method six times, five of the six the homes were sold as a
direct result of the sale.  I follow the book very closely, but also utilize
the MLS and the Realtor Network.  Two of the five buyers were represented by
a Realtor.  I put comments in the MLS remarks section giving information
about the sale.  Other Realtors in the community are now starting to copy
the method.  I am also getting referrals from other Realtors who do not want
to use the method.
 
I make sure that there is equity in the property to pay my fee.  The one
home that did not sell had no equity and wound up being reposessed.  I
learned my lesson from that one. 
 
I place a small classified ad to run Wednesday thru Sunday, hold the home
open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I
purchased the sign package and put signs out everywhere.  If the owner is
willing and available, I have them with me at the open houses to answer
questions.  I also put the owners phone number on the sign and ad to take
the calls. 
 
I make it very clear to all potential bidders that nothing is binding until
it is in writing on either the buyers or sellers part.  I also state that
there is an undisclosed reserve.  When asked what it is,  I just smile
sweetly and say 'its undisclosed'....
  
 





  _____  



 
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5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
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From keith.pinster at comcast.net  Fri Jan  2 11:46:00 2009
From: keith.pinster at comcast.net (Keith R. Pinster)
Date: Fri, 2 Jan 2009 08:46:00 -0800
Subject: [5-DayForum] Rental
In-Reply-To: <BLU141-W20A272B5FC93AC32B76188D2E20@phx.gbl>
Message-ID: <03ca01c96cf9$986b86d0$0702a8c0@accentinc.com>

I don't think there is much more to this, Patricia.  Just use the same
method but instead of sale price, the prospects are bidding on the monthly
rent.  

 

Another thing I was thinking (and Bill, you might want to mention this in
the 4th edition you're putting together) is if you are trying to setup a
lease-option (something like Wendy Patten does) you can use this same method
for ether the monthly rent OR the option fee (or maybe even some combination
thereof).  It's an intriguing idea, I think, since lease-options might start
becoming more prevalent.  Just my 2 pennies.

 

Keith - Vancouver, WA

 

  _____  

From: Patricia Lone [mailto:patricialone at hotmail.com] 
Sent: Thursday, January 01, 2009 9:21 PM
To: 5-Day Forum
Subject: Re: [5-DayForum] Lets Sort Ourselves Out

 

Patricia, Michigan, Seller/Landlord.

Hi Bill,

Being a landlord, the thought of using the 5-day method to find renters
intrigues me.  Would you please expound on this?

Patricia

 

  _____  

Date: Thu, 1 Jan 2009 23:59:14 -0500
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Lets Sort Ourselves Out

Congratulations Danielle!

Your excuse is better than mine.

Thanks for your help while I was off the list.  You and the others held it
together and allowed it to continue growing.

Do you rent in 5 days?

It's a lot of work, too, but you'll get the highest rents from the best
tenants.

Bill Effros

PS -- a boy or a girl?

Loveandmoney05 at aol.com wrote: 

Bill,

Glad to "see" you again.  you have been missed.  i havent been on much as i
just had a baby and have been busy with that and getting some properties
rented.  I'm not selling for the time being.

Danielle

 

In a message dated 1/1/2009 4:02:43 P.M. Eastern Standard Time,
bill at effros.com writes:

This list is huge, and it's likely to become very active over the next 
several months.

Everyone's mailbox is going to bulge with 5-Day Forum postings.

Lets try to observe some strict rules.

1.  I won't permit any more posting to this list by non-members.  If you 
want to interact, you must sign up.

2.  If you sign up and want to leave, you've got to do it for yourself! 
It's the reverse of signing up.  I will post information on how to do 
these things from time to time.

3. Learn how to use "filters" in your email program so that you can move 
5-DayForum email directly into the folder you will view it from, without 
clogging your In Box.  (Again, I will post for those who don't already 
know.)

4.  Put yourself into "Digest Mode" or "Vacation Mode" if you want to 
retain your list privileges without receiving an overwhelming amount of 
daily email.

5.  Use the subject line so others can follow discussions.  Make sure 
the subject line reflects the content.  Multiple short subjects are 
better than huge documents that no one has the time to read all the way 
through.  (The exception is narrative descriptions of sales--Here we ask 
for the following format-- City-State-Day.  In my case that would be 
Greenwich-Ct-Day 1.  Then you would tell in the body what happened that 
day, and people on the list could help you while your sale is in progress.

6.  Let's announce who we are, and why we are here in every email.  So, 
I would be Bill Effros, Author.  And you might be Jane Doe, Seller.  Or 
Mike Smith, Buyer.  Or Bob Cole, Agent.  etc.  Again, this will allow 
people to more easily sort through the daily email and the archives.

I'll formalize the things that work, and drop the things that don't.

Bill Effros, Author


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5-DayForum at mailman.howtosellyourhomein5days.com
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  _____  

New year...new news. Be the first to know what is making headlines
<http://www.aol.com/?ncid=emlcntaolcom00000026> .






  _____  



 
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From bill at effros.com  Fri Jan  2 13:01:44 2009
From: bill at effros.com (Bill Effros)
Date: Fri, 02 Jan 2009 13:01:44 -0500
Subject: [5-DayForum] Welcome Back Bill
In-Reply-To: <BLU122-W5FAFA98ADF97EE1E83C7DB4E20@phx.gbl>
References: <BLU122-W5FAFA98ADF97EE1E83C7DB4E20@phx.gbl>
Message-ID: <495E5688.7070909@effros.com>

Thanks, Kyle,

And thanks for all your support all along the way.

I saw that you invited me into something as have others I've known for a 
long time, but I don't join anything anymore because I don't have enough 
time for what I've already got.  I'm also not answering anything 
back-channel for the same reason.

We can speak through this forum.  I'm trying to keep up with it all.

My voice recognition system is currently not working properly, so my 
options are typing out replies slowly, or trying to get the system up 
and running again.

I took the middle course of answering quickly what I can, while trying 
to figure out what happened to my system in my end of year backup.

Naturally, this means I'm not doing either task well.

Sorry.

I'll catch up.  I've got to.

Bill Effros, Author



Kyle Cascioli wrote:
> Happy New Year!
>  
> Kyle
>
> ------------------------------------------------------------------------
> Send e-mail faster without improving your typing skills. Get your 
> Hotmail? account. 
> <http://windowslive.com/online/hotmail?ocid=TXT_TAGLM_WL_hotmail_acq_speed_122008> 
>
> ------------------------------------------------------------------------
>
> _______________________________________________
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>   
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From bill at effros.com  Fri Jan  2 13:32:51 2009
From: bill at effros.com (Bill Effros)
Date: Fri, 02 Jan 2009 13:32:51 -0500
Subject: [5-DayForum] Who Can Sell a Home?
In-Reply-To: <d2b697900901020541l6140a934qe75fbb5c90c6651d@mail.gmail.com>
References: <d10.40e5eb18.368e8586@aol.com>	<26170.27827.qm@web45012.mail.sp1.yahoo.com>	<BLU141-W16E4B51D827CC2C724BCBCD2E50@phx.gbl>	<d2b697900901011618r6e7795e9oaeed47ee9df3be49@mail.gmail.com>	<495DA34A.3090203@effros.com>
	<d2b697900901020541l6140a934qe75fbb5c90c6651d@mail.gmail.com>
Message-ID: <495E5DD3.1020509@effros.com>

Thanks, Dutch,

I have muddied the water on this issue--the 3 previous editions of the 
book don't agree, and I will probably change my position for the 4th.

When I first published the book, real estate boards in some states had 
laws on their books prohibiting even the seller from using the technique 
I advocated--and many states said the Real Estate Board rules controlled 
state law.  Many newspapers refused to carry the 5-Day Ads, claiming 
they were not legal.  Auctioneers had state laws prohibiting the seller 
from conducting an "auction". etc.

Many real estate boards then sent out rulings that licensed brokers 
could not participate in 5-Day Sales.

Real Estate Brokers conducted co-ordinated campaigns to thwart 
individuals who attempted to run 5-Day Sales for their own homes, 
sometimes attending 5-Day Sales and screaming, at the top of their 
lungs, that the sale was illegal, and that everyone involved would go to 
jail, or was subject to a huge fine. or...

Still, today, Real Estate brokers "flag" 5-Day ads on Craig's List, and 
the ads in some communities get taken down in the middle of the sale.  I 
will try to work this out with Craig before recommending the use of his 
list for 5-Day Sales in the 4th Edition.

There are still many newspapers that refuse to run 5-Day Sales, or won't 
run them as classifieds, or won't place them with the rest of the homes 
for sale.

My publisher's attorneys extensively "vetted" my book prior to 
publication.  They were extremely concerned about the legality of my 
technique, and the publisher's (clear) liability.

They forced me to add the word "reasonable" to the cover advertisement, 
and my publisher and I almost came to blows over this matter.  In the 
end, we compromised by putting the word "reasonable" on the cover if I 
could state in the text that I never put the word in my ad.  If you look 
at the cover of the third edition, you will see that the word 
"reasonable" is gone. 

Federal law, specifically the First Amendment of the Constitution, 
protects my right to publish my technique.  That same amendment protects 
the right of others to interpret my book, and even to "consult" on its 
meaning for hire.

When no self respecting real estate professional would even dream of 
under-cutting the closed commission structure that escalated to almost 
10% in some communities, I advocated the "Consultant" route to 
individuals who wanted to run a 5-Day sale, but wanted a "rabbit's foot" 
nearby.

I was offered substantial sums of money on many occasions to be that 
rabbit's foot, but 5-Day Sales are so emotionally and physically 
draining I quickly determined that no amount of money could ever tempt 
me to leave the fields I had chosen to work in.

Instead, I stayed in touch with the 5-Day Sale community, and wrote the 
book again, and again, .... and again to update the information and make 
the technique available to more people.

My "consultant" scheme turned on me, and professional brokers came to my 
aid over time.  Consultants who had run many sales figured out how to 
"game the system" on behalf of the seller. They were cheating, plain and 
simple--just as the professional real estate boards had predicted.

As selling homes became more difficult than shooting fish in a barrel, 
some real estate professionals started offering
to sell homes using the 5-Day Technique--often for a fee structure that 
made allowance for the fact that every properly run sale succeeded in 
getting a fair current price in exactly 5 days.

When the housing market started going south, some said the 5-Day Method 
wasn't working, because sellers were failing to be offered what 
appraisers said their homes were worth.  I responded that 5-Day sales 
are the best appraisal you could get, that they lead the market by 6 
months, and that neither bank appraisals nor tax assessments could ever 
be trusted for any purpose.  (If you look back at prior books and the 
archives of this Forum, you will see that I made this point over and over.)

Many of the people who have held this list together while I faced the 
fact that I would have to write the book again are real estate 
professionals.  I can't recommend any "consultant" not constrained by 
the real estate laws of the state they are in, based on my experiences, 
and the fact that I do not have any interest in becoming a regulatory or 
licensing agency.

Okay, I've got the speech recognition program working again, but I've 
totally lost my train of thought.

Sorry, Dutch, but you get the idea, I'll get back to this later.

Bill Effros, Author

PS -- my mother's family is from Amsterdam.





Dutch Revenboer wrote:
> Bill, yes, each state has it's own laws.  the discussions got to be 
> about doing 5-day sales for others, like a consultant.  Now, I don't 
> profess to be an attorney or an expert on states law in all 50 states, 
> but I'm pretty sure conducting a 5-day sale on behalf of someone else 
> without personal "equitable" interest in the property would be a 
> violation of the law in every state.  Now, you can TELL someone how to 
> do something, (I tell people where to go and how to get there all the 
> time :-), no problem) but actually doing the work falls under the LAW 
> OF AGENCY.
>
> And I also stated that there were exceptions in every state, like you 
> mentioned, lawyers, etc.  Each state is different.  But I think you do 
> need to point out that your book is FOR SELLERS OF THEIR OWN 
> PROPERTY.  To conduct a 5-day sale on behalf of another while NOT one 
> of the exception groups in your state most likely can and will cause 
> severe penalties.  I can almost guarantee that a real estate broker 
> will bring down the rain on anyone setting up this type of business 
> who is not licensed.
>
> My father was from The Netherlands, I'm first generation US.  First 
> name is Johannes, picked up Dutch as a nickname in high school, it stuck.
>
> Looking forward to Version 4.  You might add a chapter or section 
> about this topic.
>
> Dutch Revenboer
>
> Broker Associate
> Metro Brokers of Oklahoma
> www.DreamHomesOKC.com <http://www.DreamHomesOKC.com>
> 405-590-6563
>
> We Buy Houses - www.OKCash4Homes.com <http://www.OKCash4Homes.com>
>
> We Help Stop Foreclosure - www.OKHomesavers.com 
> <http://www.OKHomesavers.com>
>
> We Sell / Lease Homes - Specializing in Low Down Owner Carry 
> Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com 
> <http://www.BuySellRentHouses.com>
>
>
> On Thu, Jan 1, 2009 at 11:16 PM, Bill Effros <bill at effros.com 
> <mailto:bill at effros.com>> wrote:
>
>     Dutch,
>
>     This is a real states' rights issue--the laws vary widely from
>     state to state.  Most of the laws were heavily influenced by the
>     Real Estate establishment in each state.  In some states at some
>     times it was illegal to run ads for real estate in those mall
>     "shoppers" if you weren't licensed.
>
>     Some states tried to make the sale of books like mine illegal.
>
>     In some states any lawyer can sell any property.  Executors can
>     generally sell properties whether they are lawyers or not.
>
>     In many states banks can sell homes.  Also settlement agents.
>
>     In some states builders can sell only a certain number of homes
>     per year using the 5-Day Method.
>
>     With some restrictions, anyone can "consult" on the use of my
>     book, although I no longer recommend this practice.
>
>     The thrust of your response is correct in most locations.  Anyone
>     can use the technique I recommend in my book to sell their own
>     home anywhere in the country.
>
>     Bill Effros, Author
>
>     PS -- Let's try to change subject lines to make it easier for
>     people who join the list later to find these answers in the Archives.
>
>     PPS -- Are you from the Netherlands, or is your family from the
>     Netherlands.   That's not a Pennsylvania Dutch name?  Are there
>     Oklahoma Dutch?
>
>
>
>
>     Dutch Revenboer wrote:
>>     the law is that you can sell any property that you have an
>>     EQUITABLE interest in (you OWN some or all of it).  There are a
>>     few exceptions, like for hired property managers, lawyers doing
>>     probate work, etc (each state has it's own rules).  But unless
>>     you have a Real Estate license or are a member of one of the
>>     Exception Groups, you can not broker a deal without a license. 
>>     I'm pretty sure running a 5-day sale FOR a property which you do
>>     NOT have an equitable interest in would qualify you for a pretty
>>     hefty fine in all 50 states.
>>
>>     Dutch Revenboer
>>
>>     Broker Associate
>>     Metro Brokers of Oklahoma
>>     www.DreamHomesOKC.com <http://www.DreamHomesOKC.com>
>>     405-590-6563
>>
>>     We Buy Houses - www.OKCash4Homes.com <http://www.OKCash4Homes.com>
>>
>>     We Help Stop Foreclosure - www.OKHomesavers.com
>>     <http://www.OKHomesavers.com>
>>
>>     We Sell / Lease Homes - Specializing in Low Down Owner Carry
>>     Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com
>>     <http://www.BuySellRentHouses.com>
>>
>>
>>     On Thu, Jan 1, 2009 at 3:12 PM, Patricia Lone
>>     <patricialone at hotmail.com <mailto:patricialone at hotmail.com>> wrote:
>>
>>         Patricia, Michigan, Seller/Landlord, yes, in this day and
>>         age, that also equals HELPPP!!
>>
>>         That is not a requirement.  Lots of people feel there is a
>>         great benefit in it, others do not.  My father was a broker,
>>         I have for a limited period of time, been a realtor, I am not
>>         licensed and at this time do not plan to become licensed, but
>>         I do plan on selling houses.  It is a personal choice really
>>         (at least from where I sit... someone correct me if I am wrong).
>>
>>         Patricia 
>>
>>
>>
>>         ------------------------------------------------------------------------
>>         Date: Thu, 1 Jan 2009 12:51:00 -0800
>>         From: gary_st_armand at yahoo.com <mailto:gary_st_armand at yahoo.com>
>>         To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>         <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>>         Subject: Re: [5-DayForum] Please remove me from your mailing
>>         lists.
>>
>>         What the hell are you talking about? What should owners be
>>         required to have a license
>>         to sell their own house?
>>
>>         --- On *Thu, 1/1/09, Eltutu1 at aol.com <mailto:Eltutu1 at aol.com>
>>         /<Eltutu1 at aol.com <mailto:Eltutu1 at aol.com>>/* wrote:
>>
>>             From: Eltutu1 at aol.com <mailto:Eltutu1 at aol.com>
>>             <Eltutu1 at aol.com <mailto:Eltutu1 at aol.com>>
>>             Subject: Re: [5-DayForum] Please remove me from your
>>             mailing lists.
>>             To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>             <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>>             Date: Thursday, January 1, 2009, 8:45 PM
>>
>>             Hi there guys,
>>              
>>             I live in one of the most business unfriendly state of
>>             the Union: New York. It doesn't required owners to have a
>>             Real Estate License to sell their own homes. If that's
>>             the case in some other states, their laws need to be
>>             repealed. Also, such laws are tantamount to losing some
>>             of our civil liberties!
>>              
>>             Emmanuel Laventure
>>
>>
>>
>>             ------------------------------------------------------------------------
>>             Stay up-to-date on the latest news
>>             <http://www.aol.com/?ncid=emlcntaolcom00000024> - from
>>             fashion trends to celebrity break-ups and everything in
>>             between.
>>
>>             _______________________________________________
>>             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
>     <mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
>     http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
> ------------------------------------------------------------------------
>
> _______________________________________________
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From bill at effros.com  Fri Jan  2 14:04:18 2009
From: bill at effros.com (Bill Effros)
Date: Fri, 02 Jan 2009 14:04:18 -0500
Subject: [5-DayForum] Success Ratio
In-Reply-To: <03c501c96cf7$a5473900$0702a8c0@accentinc.com>
References: <03c501c96cf7$a5473900$0702a8c0@accentinc.com>
Message-ID: <495E6532.5040605@effros.com>

Keith,

This is one I'll be hitting heavily as soon as I have the time.

Here's the summary:

The starting price in the ad is supposed to be 50% of what the seller 
honestly believes is the current value. To put it another way, the 
seller's implied reserve is double the starting price.

The statement "will be sold Sunday night to the high bidder" should 
never be a lie -- no matter what the final bid.

I sell every home, every time -- the only escape clause is the unstated 
stipulation that I must get 25 responses by Friday night. If you can't 
find 25 people in three days who believe your home may currently be 
worth twice the starting price, you should not proceed with your inspection.

If you do get 25 people by Friday night, and if you do run your open 
house, and round-robin properly, you will get the high-end of the 
current fair market value. Every single time.

The problems come when people start weaseling about "what they will 
really take"; or when they inflate the number of responses by deploying 
clowns with cattle prods to round up the usual suspects.

More on this to come, -- lots more.

Bill Effros, author

Keith R. Pinster wrote:
>
> Hi Bill,
>
>  
>
> What do you mean by "The implied reserve is double the starting 
> price"?  I think the problem most people are having is the "implied 
> lie" that you will sell the house for anything over the price in the 
> ad, so if they don't get enough, they think they are "lying" to the 
> public.  What are your thoughts on this?
>
>  
>
> Keith -- Vancouver, WA
>
>  
>
> ------------------------------------------------------------------------
>
> *From:* Bill Effros [mailto:bill at effros.com]
> *Sent:* Thursday, January 01, 2009 8:54 PM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] Success Ratio
>
>  
>
> Betty,
>
> I believe you will get more money for each sale if you don't use 
> undisclosed reserves.  The implied reserve is double the starting price.
>
> Have your fee placed in escrow before the sale (not legal 
> everywhere--what's the story in Missouri?)
>
> I assume you base your fee on a percentage of the selling price.  The 
> escrow amount should be double the starting price times your 
> percentage.  If your client fails to get the implied reserve, your fee 
> is your percentage of the actual selling price, and the client gets 
> back the difference from the escrow account.
>
> If the client throws in a "ringer" who is jacking up the price beyond 
> what anyone else will pay, the client still pays your fee based on the 
> shill's bid.  This tends tends to discourage this practice which 
> usually winds up with the seller buying the house and refusing to pay 
> a fee to the broker who did all the work.
>
> If the bank outbids every other buyer, you get your percentage of the 
> bank's price.
>
> The key to the implied reserve is the 25 responses by Friday night 
> rule.  If you fail to get 25 responses by Friday night, offering the 
> property for 50% of the implied reserve, that property is unlikely to 
> sell for more than the implied reserve, and you, as the broker, don't 
> have to waste your time and effort.
>
> Of course, since the client has to put up escrow money in advance, 
> there is an incentive to start with a low implied reserve.  This works 
> for everyone, as it makes it far more likely that the very low 
> starting price will attract a high number of potential buyers, and 
> that you will not be wasting your time when you set up the sale.  If 
> the property sells for more than double the starting price, you get 
> more than the escrow amount.
>
> Please note, I am absolutely sure you do not get a lower selling price 
> if you use a lower starting price.  You do more work, and see more 
> people who will not pay the top price, but the top price is the top 
> price no matter where you start.  This is true whether the seller has 
> equity in the property or not.
>
> The lower starting prices and lower implied reserve will ensure that 
> you don't lose 3 days setting up a sale that won't ever happen.  You 
> will do more work at each sale, but you should be able to increase 
> your success ratio to 100%.
>
> Bill Effros
>
>
>
> Betty Pauley wrote:
>
> My name is Betty Pauley, I am a Realtor in Columbia Missouri.
>  
> I have used this method six times, five of the six the homes were sold as a direct result of the sale.  I follow the book very closely, but also utilize the MLS and the Realtor Network.  Two of the five buyers were represented by a Realtor.  I put comments in the MLS remarks section giving information about the sale.  Other Realtors in the community are now starting to copy the method.  I am also getting referrals from other Realtors who do not want to use the method.
>  
> I make sure that there is equity in the property to pay my fee.  The one home that did not sell had no equity and wound up being reposessed.  I learned my lesson from that one. 
>  
> I place a small classified ad to run Wednesday thru Sunday, hold the home open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I purchased the sign package and put signs out everywhere.  If the owner is willing and available, I have them with me at the open houses to answer questions.  I also put the owners phone number on the sign and ad to take the calls. 
>  
> I make it very clear to all potential bidders that nothing is binding until it is in writing on either the buyers or sellers part.  I also state that there is an undisclosed reserve.  When asked what it is,  I just smile sweetly and say 'its undisclosed'....
>   
>  
>
>
> ------------------------------------------------------------------------
>
>
>  
> _______________________________________________
> 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
>   
> ------------------------------------------------------------------------
>
> _______________________________________________
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> 5-DayForum at mailman.howtosellyourhomein5days.com
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>   
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From real.estate.professor at hotmail.com  Fri Jan  2 14:11:50 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Fri, 2 Jan 2009 13:11:50 -0600
Subject: [5-DayForum] Welcome Back Bill
In-Reply-To: <495E5688.7070909@effros.com>
References: <BLU122-W5FAFA98ADF97EE1E83C7DB4E20@phx.gbl>
	<495E5688.7070909@effros.com>
Message-ID: <BLU122-W3007A8E5D17DCF36E3AE78B4E20@phx.gbl>


No worries ... good wishes with the tech repair.
 
We're all looking forward to the next edition!
 
Kyle



Date: Fri, 2 Jan 2009 13:01:44 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Welcome Back BillThanks, Kyle,And thanks for all your support all along the way.I saw that you invited me into something as have others I've known for a long time, but I don't join anything anymore because I don't have enough time for what I've already got.  I'm also not answering anything back-channel for the same reason.We can speak through this forum.  I'm trying to keep up with it all.My voice recognition system is currently not working properly, so my options are typing out replies slowly, or trying to get the system up and running again.I took the middle course of answering quickly what I can, while trying to figure out what happened to my system in my end of year backup.Naturally, this means I'm not doing either task well.Sorry.I'll catch up.  I've got to.Bill Effros, AuthorKyle Cascioli wrote: 


Happy New Year! Kyle

Send e-mail faster without improving your typing skills. Get your Hotmail? account. 
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From bill at effros.com  Fri Jan  2 14:15:00 2009
From: bill at effros.com (Bill Effros)
Date: Fri, 02 Jan 2009 14:15:00 -0500
Subject: [5-DayForum] Rental
In-Reply-To: <03ca01c96cf9$986b86d0$0702a8c0@accentinc.com>
References: <03ca01c96cf9$986b86d0$0702a8c0@accentinc.com>
Message-ID: <495E67B4.5040808@effros.com>

Keith,

I used to think the same thing, which is why I gave the matter such 
short shrift.

Turns out, it's a little more complicated than that.

I do five-day rentals all the time, so I've had a lot of experience.

Just as with the question about varying state laws concerning who can 
sell a home, rental provisions vary widely concerning everything from 
title eight to the legality of various provisions within a lease. There 
are also matters that must be resolved regarding discrimination, rent 
control, deposits, and a host of other issues easily overlooked when you 
first plunge into this method of temporarily taking a home of the market.

We'll get to it,

Bill Effros, Author

Keith R. Pinster wrote:
>
> I don't think there is much more to this, Patricia.  Just use the same 
> method but instead of sale price, the prospects are bidding on the 
> monthly rent. 
>
>  
>
> Another thing I was thinking (and Bill, you might want to mention this 
> in the 4^th edition you're putting together) is if you are trying to 
> setup a lease-option (something like Wendy Patten does) you can use 
> this same method for ether the monthly rent OR the option fee (or 
> maybe even some combination thereof).  It's an intriguing idea, I 
> think, since lease-options might start becoming more prevalent.  Just 
> my 2 pennies.
>
>  
>
> Keith -- Vancouver, WA
>
>  
>
> ------------------------------------------------------------------------
>
> *From:* Patricia Lone [mailto:patricialone at hotmail.com]
> *Sent:* Thursday, January 01, 2009 9:21 PM
> *To:* 5-Day Forum
> *Subject:* Re: [5-DayForum] Lets Sort Ourselves Out
>
>  
>
> **Patricia****, Michigan****, Seller****/****Landlord.**
>
> **Hi Bill,***
>
> **Being a landlord, the thought of using the 5-day method to find 
> renters intrigues me.  Would you please expound on this?***
>
> **Patricia**
>
>  
>
> ------------------------------------------------------------------------
>
> Date: Thu, 1 Jan 2009 23:59:14 -0500
> From: bill at effros.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Lets Sort Ourselves Out
>
> Congratulations Danielle!
>
> Your excuse is better than mine.
>
> Thanks for your help while I was off the list.  You and the others 
> held it together and allowed it to continue growing.
>
> Do you rent in 5 days?
>
> It's a lot of work, too, but you'll get the highest rents from the 
> best tenants.
>
> Bill Effros
>
> PS -- a boy or a girl?
>
> Loveandmoney05 at aol.com <mailto:Loveandmoney05 at aol.com> wrote:
>
> Bill,
>
> Glad to "see" you again.  you have been missed.  i havent been on much 
> as i just had a baby and have been busy with that and getting some 
> properties rented.  I'm not selling for the time being.
>
> Danielle
>
>  
>
> In a message dated 1/1/2009 4:02:43 P.M. Eastern Standard Time, 
> bill at effros.com <mailto:bill at effros.com> writes:
>
>     This list is huge, and it's likely to become very active over the
>     next
>     several months.
>
>     Everyone's mailbox is going to bulge with 5-Day Forum postings.
>
>     Lets try to observe some strict rules.
>
>     1.  I won't permit any more posting to this list by non-members. 
>     If you
>     want to interact, you must sign up.
>
>     2.  If you sign up and want to leave, you've got to do it for
>     yourself!
>     It's the reverse of signing up.  I will post information on how to do
>     these things from time to time.
>
>     3. Learn how to use "filters" in your email program so that you
>     can move
>     5-DayForum email directly into the folder you will view it from,
>     without
>     clogging your In Box.  (Again, I will post for those who don't
>     already
>     know.)
>
>     4.  Put yourself into "Digest Mode" or "Vacation Mode" if you want to
>     retain your list privileges without receiving an overwhelming
>     amount of
>     daily email.
>
>     5.  Use the subject line so others can follow discussions.  Make sure
>     the subject line reflects the content.  Multiple short subjects are
>     better than huge documents that no one has the time to read all
>     the way
>     through.  (The exception is narrative descriptions of sales--Here
>     we ask
>     for the following format-- City-State-Day.  In my case that would be
>     Greenwich-Ct-Day 1.  Then you would tell in the body what happened
>     that
>     day, and people on the list could help you while your sale is in
>     progress.
>
>     6.  Let's announce who we are, and why we are here in every
>     email.  So,
>     I would be Bill Effros, Author.  And you might be Jane Doe,
>     Seller.  Or
>     Mike Smith, Buyer.  Or Bob Cole, Agent.  etc.  Again, this will allow
>     people to more easily sort through the daily email and the archives.
>
>     I'll formalize the things that work, and drop the things that don't.
>
>     Bill Effros, Author
>
>
>     _______________________________________________
>     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
>
>
>
> ------------------------------------------------------------------------
>
> New year...new news. Be the first to know what is making headlines 
> <http://www.aol.com/?ncid=emlcntaolcom00000026>.
>
>
>
> ------------------------------------------------------------------------
>
>
>  
> _______________________________________________
> 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 loveandmoney05 at aol.com  Fri Jan  2 14:48:24 2009
From: loveandmoney05 at aol.com (loveandmoney05)
Date: Fri,  2 Jan 2009 14:48:24 -0500
Subject: [5-DayForum] Lets Sort Ourselves Out
In-Reply-To: <495D9F22.3020009@effros.com>
References: <c2d.4ef2b722.368ead1f@aol.com>, <495D9F22.3020009@effros.com>
Message-ID: <eb94aa57.7a73.4406.a11a.702acf96a264@aol.com>

Thanks!  It's a girl and she is great.  We even get a bit of sleep.

I want to do the 5-day for rent but my rentals are nearly 2 hours away and throughout most of my pregnancy i felt crappy... and now i have a newborn.  I'm thinking of talking to my partners about doing this method for renting as we have a couple of stubborn vacancies.  We own the building free and clear and can be flexible.

Danielle



In a message dated 01/02/09 00:00:04 Eastern Standard Time, bill at effros.com writes:
Congratulations Danielle!

Your excuse is better than mine.

Thanks for your help while I was off the list.  You and the others held it together and allowed it to continue growing.

Do you rent in 5 days?

It's a lot of work, too, but you'll get the highest rents from the best tenants.

Bill Effros

PS -- a boy or a girl?

Loveandmoney05 at aol.com wrote: 
Bill,
Glad to "see" you again.  you have been missed.  i havent been on much as i just had a baby and have been busy with that and getting some properties rented.  I'm not selling for the time being.
Danielle

In a message dated 1/1/2009 4:02:43 P.M. Eastern Standard Time, bill at effros.com writes:
This list is huge, and it's likely to become very active over the next 
several months.

Everyone's mailbox is going to bulge with 5-Day Forum postings.

Lets try to observe some strict rules.

1.  I won't permit any more posting to this list by non-members.  If you 
want to interact, you must sign up.

2.  If you sign up and want to leave, you've got to do it for yourself! 
It's the reverse of signing up.  I will post information on how to do 
these things from time to time.

3. Learn how to use "filters" in your email program so that you can move 
5-DayForum email directly into the folder you will view it from, without 
clogging your In Box.  (Again, I will post for those who don't already 
know.)

4.  Put yourself into "Digest Mode" or "Vacation Mode" if you want to 
retain your list privileges without receiving an overwhelming amount of 
daily email.

5.  Use the subject line so others can follow discussions.  Make sure 
the subject line reflects the content.  Multiple short subjects are 
better than huge documents that no one has the time to read all the way 
through.  (The exception is narrative descriptions of sales--Here we ask 
for the following format-- City-State-Day.  In my case that would be 
Greenwich-Ct-Day 1.  Then you would tell in the body what happened that 
day, and people on the list could help you while your sale is in progress.

6.  Let's announce who we are, and why we are here in every email.  So, 
I would be Bill Effros, Author.  And you might be Jane Doe, Seller.  Or 
Mike Smith, Buyer.  Or Bob Cole, Agent.  etc.  Again, this will allow 
people to more easily sort through the daily email and the archives.

I'll formalize the things that work, and drop the things that don't.

Bill Effros, Author


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







New year...new news. Be the first to know what is making headlines.

_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  
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From keith.pinster at comcast.net  Fri Jan  2 14:49:00 2009
From: keith.pinster at comcast.net (Keith R. Pinster)
Date: Fri, 2 Jan 2009 11:49:00 -0800
Subject: [5-DayForum] Lease-options
In-Reply-To: <03ca01c96cf9$986b86d0$0702a8c0@accentinc.com>
Message-ID: <03df01c96d13$291f4090$0702a8c0@accentinc.com>

Sorry for the typo.  For those of you who want to look her up, her name is
Wendy Patton, with an O not an E.

 

  _____  

From: Keith R. Pinster [mailto:keith.pinster at comcast.net] 
Sent: Friday, January 02, 2009 8:46 AM
To: 'How To Sell Your Home in 5-Days'
Subject: Re: [5-DayForum] Rental

 

I don't think there is much more to this, Patricia.  Just use the same
method but instead of sale price, the prospects are bidding on the monthly
rent.  

 

Another thing I was thinking (and Bill, you might want to mention this in
the 4th edition you're putting together) is if you are trying to setup a
lease-option (something like Wendy Patten does) you can use this same method
for ether the monthly rent OR the option fee (or maybe even some combination
thereof).  It's an intriguing idea, I think, since lease-options might start
becoming more prevalent.  Just my 2 pennies.

 

Keith - Vancouver, WA

 

  _____  

From: Patricia Lone [mailto:patricialone at hotmail.com] 
Sent: Thursday, January 01, 2009 9:21 PM
To: 5-Day Forum
Subject: Re: [5-DayForum] Lets Sort Ourselves Out

 

Patricia, Michigan, Seller/Landlord.

Hi Bill,

Being a landlord, the thought of using the 5-day method to find renters
intrigues me.  Would you please expound on this?

Patricia

 

  _____  

Date: Thu, 1 Jan 2009 23:59:14 -0500
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Lets Sort Ourselves Out

Congratulations Danielle!

Your excuse is better than mine.

Thanks for your help while I was off the list.  You and the others held it
together and allowed it to continue growing.

Do you rent in 5 days?

It's a lot of work, too, but you'll get the highest rents from the best
tenants.

Bill Effros

PS -- a boy or a girl?

Loveandmoney05 at aol.com wrote: 

Bill,

Glad to "see" you again.  you have been missed.  i havent been on much as i
just had a baby and have been busy with that and getting some properties
rented.  I'm not selling for the time being.

Danielle

 

In a message dated 1/1/2009 4:02:43 P.M. Eastern Standard Time,
bill at effros.com writes:

This list is huge, and it's likely to become very active over the next 
several months.

Everyone's mailbox is going to bulge with 5-Day Forum postings.

Lets try to observe some strict rules.

1.  I won't permit any more posting to this list by non-members.  If you 
want to interact, you must sign up.

2.  If you sign up and want to leave, you've got to do it for yourself! 
It's the reverse of signing up.  I will post information on how to do 
these things from time to time.

3. Learn how to use "filters" in your email program so that you can move 
5-DayForum email directly into the folder you will view it from, without 
clogging your In Box.  (Again, I will post for those who don't already 
know.)

4.  Put yourself into "Digest Mode" or "Vacation Mode" if you want to 
retain your list privileges without receiving an overwhelming amount of 
daily email.

5.  Use the subject line so others can follow discussions.  Make sure 
the subject line reflects the content.  Multiple short subjects are 
better than huge documents that no one has the time to read all the way 
through.  (The exception is narrative descriptions of sales--Here we ask 
for the following format-- City-State-Day.  In my case that would be 
Greenwich-Ct-Day 1.  Then you would tell in the body what happened that 
day, and people on the list could help you while your sale is in progress.

6.  Let's announce who we are, and why we are here in every email.  So, 
I would be Bill Effros, Author.  And you might be Jane Doe, Seller.  Or 
Mike Smith, Buyer.  Or Bob Cole, Agent.  etc.  Again, this will allow 
people to more easily sort through the daily email and the archives.

I'll formalize the things that work, and drop the things that don't.

Bill Effros, Author


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

 

  _____  

New year...new news. Be the first to know what is making headlines
<http://www.aol.com/?ncid=emlcntaolcom00000026> .

 
 





  _____  



 
 
 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  
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From liz at lizbacall.com  Fri Jan  2 14:58:44 2009
From: liz at lizbacall.com (Liz Bacall)
Date: Fri, 2 Jan 2009 14:58:44 -0500
Subject: [5-DayForum] State laws differ for selling real property
Message-ID: <005601c96d14$8ded4340$4101a8c0@liz>

Dutch,
You are absolutely correct, every state has it's own quirks in the laws for
selling property. What is legal in one state can result in a hefty fine in
another. It is vitally important to know your own state's laws. This is why
I wish we could take Bill Effros' suggestion that we say if we are buyer or
seller or agent a step further and mention the city & state where we live.
It matters, and can cause much confusion on this forum if people do not
realize the laws are state-specific. Isn't it fascinating how much the laws
vary?
 
Gary,
I said a prayer for you when I read your entry. To be cursing and negative
on Jan 1 is an interesting way to begin the new year. I hope you are feeling
better today. Many ethical realtors who sincerely wish to help people are on
this forum, and I'm proud to belong. Those of us who are realtors who work
hard to do a good job to the best of our abilities, and do not skirt laws,
will still be in business when the market stabilizes.
 
Here's to a fantastic 2009 when Buyers find the home they want at a
reasonable price, Sellers use this system to sell their homes for the fair
market price, and we who are Realtors get to serve the buyers and sellers
who need us so much in these economically challenging times.
 
Warmest regards to my Forum Friends,
Liz Bacall, Realtor
Palm Beach, Florida
 
Gary,

No, I'm not saying this as a realtor to protect anything.  It is state law,
every state has one.  check with your state real estate commission, I'm sure
they are online.  Look up "activities prohibited without a license".  Then
check the penalties.  These change by state also, so yours may be different
than mine, or others.  

Why are you so defensive?  

Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
 <http://www.dreamhomesokc.com/> www.DreamHomesOKC.com
405-590-6563

We Buy Houses -  <http://www.okcash4homes.com/> www.OKCash4Homes.com

We Help Stop Foreclosure -  <http://www.okhomesavers.com/>
www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No
Credit, Bad Credit OK -  <http://www.buysellrenthouses.com/>
www.BuySellRentHouses.com



On Thu, Jan 1, 2009 at 9:05 PM, Gary St. Armand <gary_st_armand at yahoo.com>
wrote:



Really....give me an f&^in break. These so called laws only exist to protect
the NAR and realtors. The laws can't be exactly the same in every state. I'm
sure that there are ways to
skirt the laws and get away with. There is always a way. The only people who
are pissing
in their pants are usually the little guys. 
 
Having said all that, If you live in where they are enforcing the asss
backwards laws, then
cut your losses and cut the license. It's not that hard, I had one a few
years ago until
I realized that real money lays in owning real property, in the right
location, at the right time.


--- On Fri, 1/2/09, Loveandmoney05 at aol.com <Loveandmoney05 at aol.com> wrote:


From:  <mailto:Loveandmoney05 at aol.com> Loveandmoney05 at aol.com <
<mailto:Loveandmoney05 at aol.com> Loveandmoney05 at aol.com> 

Subject: Re: [5-DayForum] Please remove me from your mailing lists.
To:  <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
5-dayforum at mailman.howtosellyourhomein5days.com

Date: Friday, January 2, 2009, 2:53 AM 




It's state law in every state that you must be licensed to "broker" a deal.
if you dont own the property in some way, you are "brokering."  Consultants
are typically breaking the law.  Depending on your area, your local brokers
may report the illegal practice to whatever state commission levies the
fines,  Here in PA, people get significant fines every year.  i dont like
the law, but that is the way it is.  
Danielle
 
 




 

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From keith.pinster at comcast.net  Fri Jan  2 15:00:10 2009
From: keith.pinster at comcast.net (Keith R. Pinster)
Date: Fri, 2 Jan 2009 12:00:10 -0800
Subject: [5-DayForum] Fair housing laws
Message-ID: <03ed01c96d14$b7ffd4e0$0702a8c0@accentinc.com>

BTW, I just got a message that I thought I should share with y'all.  This is
one of those "tip of the week" things from Wendy Patton.  I know that this
isn't the type of ad we would run, but the same goes for any paperwork we
pass on at the viewing.  PLEASE, PLEASE, PLEASE do NOT put anything in your
paperwork that has ANY reference to age, race, martial status, family
status, sexual orientation, or religion (e.g. "nice quite Jewish
neighborhood").  If you think brokers will come down on you for doing this
method unlicensed, it's nothing compared to the Fair Housing Law.

 

Sample ad: 

Gorgeous, smaller 1 bedroom apartment, in hip neighborhood, perfect for
young couple without children. $900/month. 

Sounds pretty benign doesn't it?  This is based off an actual case in which
the owner was sued and found guilty of violating fair housing law.  Stating
that the apartment was perfect for a young couple without children
discriminates based on familial status and age.  The owner maintained that
he wasn't trying to discriminate.  He argued that he was pointing out to
potentially interested parties that because the apartment was small it would
be too crowded for a family, not that he wouldn't have allowed a family to
live there.  Nevertheless, he was found guilty. 

Fair housing law is enforced VERY strictly and the reality is that it's
quite easy to stay in compliance.  Just make sure that you do stay in
compliance because the penalties are stiff. 

 

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From rcutcher at austin.rr.com  Fri Jan  2 15:00:49 2009
From: rcutcher at austin.rr.com (RC Cutcher)
Date: Fri, 2 Jan 2009 14:00:49 -0600
Subject: [5-DayForum] Success Ratio
References: <495D380E.8010009@effros.com>	<BLU141-W16F405FBFF127913076FCDD2E50@phx.gbl><C4EB7EA197F8C541B94046AE4E552D8801B55112@pandora.socket.net>
	<495D9DFB.1070809@effros.com>
Message-ID: <00c501c96d14$cf937210$0201a8c0@RCCutcher>

Bill,
Mighty fine to see you back. Mighty fine. I love your answers most of the time, and your sense of humor all the time.  Bill, you know everybody believes in Santa CLAUSE, especially when it comes to real estate. You are just in time with the turning of the new year to dust off the red suit and jump into this Run for Your Life Market that we are in. My only suggestion would be that we need some kind of formula that corrects the human behavior to believe that real estate is somehow rock solid. We have gone from the idea that a home is a cherished valuable asset to the place in many areas of the country of being 'a debris field,' with windows.   Still even that works out in the economy of Sell/Buy when the owner gains it back on their hard fought purchase. But it is very rare that anyone on this List has that story of Sell/Buy, so the story continues to be that the 5-Day struggles somehow when it doesn't achieve the perceived value based on Comps that can't be trusted in this crazy market.  I continue to believe that the biggest challenge to your strategy is the scope and price of the book's suggested advertising, which has even the best and brightest minds completely fried.  

I do thank you for all your help in 2008.  Almost everything I sold was the Express Plan and I have a number of Pending to start the year.  God bless.

RC Cutcher
Realtor, ABR
Austin Texas Homes, LLC
www.austintexashomes.com
Texas MCE Education Provider No. 7436
Short Sale/Foreclosure Workshop

----- Original Message ----- 
  From: Bill Effros 
  To: How To Sell Your Home in 5-Days 
  Sent: Thursday, January 01, 2009 10:54 PM
  Subject: Re: [5-DayForum] Success Ratio


  Betty,

  I believe you will get more money for each sale if you don't use undisclosed reserves.  The implied reserve is double the starting price.

  Have your fee placed in escrow before the sale (not legal everywhere--what's the story in Missouri?)

  I assume you base your fee on a percentage of the selling price.  The escrow amount should be double the starting price times your percentage.  If your client fails to get the implied reserve, your fee is your percentage of the actual selling price, and the client gets back the difference from the escrow account.

  If the client throws in a "ringer" who is jacking up the price beyond what anyone else will pay, the client still pays your fee based on the shill's bid.  This tends tends to discourage this practice which usually winds up with the seller buying the house and refusing to pay a fee to the broker who did all the work.

  If the bank outbids every other buyer, you get your percentage of the bank's price.

  The key to the implied reserve is the 25 responses by Friday night rule.  If you fail to get 25 responses by Friday night, offering the property for 50% of the implied reserve, that property is unlikely to sell for more than the implied reserve, and you, as the broker, don't have to waste your time and effort.

  Of course, since the client has to put up escrow money in advance, there is an incentive to start with a low implied reserve.  This works for everyone, as it makes it far more likely that the very low starting price will attract a high number of potential buyers, and that you will not be wasting your time when you set up the sale.  If the property sells for more than double the starting price, you get more than the escrow amount.

  Please note, I am absolutely sure you do not get a lower selling price if you use a lower starting price.  You do more work, and see more people who will not pay the top price, but the top price is the top price no matter where you start.  This is true whether the seller has equity in the property or not.

  The lower starting prices and lower implied reserve will ensure that you don't lose 3 days setting up a sale that won't ever happen.  You will do more work at each sale, but you should be able to increase your success ratio to 100%.

  Bill Effros



  Betty Pauley wrote: 
My name is Betty Pauley, I am a Realtor in Columbia Missouri.
 
I have used this method six times, five of the six the homes were sold as a direct result of the sale.  I follow the book very closely, but also utilize the MLS and the Realtor Network.  Two of the five buyers were represented by a Realtor.  I put comments in the MLS remarks section giving information about the sale.  Other Realtors in the community are now starting to copy the method.  I am also getting referrals from other Realtors who do not want to use the method.
 
I make sure that there is equity in the property to pay my fee.  The one home that did not sell had no equity and wound up being reposessed.  I learned my lesson from that one. 
 
I place a small classified ad to run Wednesday thru Sunday, hold the home open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I purchased the sign package and put signs out everywhere.  If the owner is willing and available, I have them with me at the open houses to answer questions.  I also put the owners phone number on the sign and ad to take the calls. 
 
I make it very clear to all potential bidders that nothing is binding until it is in writing on either the buyers or sellers part.  I also state that there is an undisclosed reserve.  When asked what it is,  I just smile sweetly and say 'its undisclosed'....
  ----------------------------------------------------------------------------
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
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From loveandmoney05 at aol.com  Fri Jan  2 15:06:24 2009
From: loveandmoney05 at aol.com (loveandmoney05)
Date: Fri,  2 Jan 2009 15:06:24 -0500
Subject: [5-DayForum] Please remove me from your mailing lists.
In-Reply-To: <242486.57386.qm@web45006.mail.sp1.yahoo.com>
References: <242486.57386.qm@web45006.mail.sp1.yahoo.com>
Message-ID: <f40b2ef0.b878.4a84.9a4a.669ddec1fe05@aol.com>

Maybe I wasn't clear.  The problem is with consultants that act as a broker without having a license and not with those with a license.  I don't have a license nor desire one as i prefer to make money in the industry in other ways.  I agree that the laws are ass-backwards and not truly to protect the consumer but to protect brokers/agents.
You can skirt the laws, and i planned on finding a way but soon realized that the hassle-factor was too high and that i'd be better off focusing my efforts elsewhere.
Danielle
Buyer/seller/investor/negotiator



In a message dated 01/01/09 22:06:27 Eastern Standard Time, gary_st_armand at yahoo.com writes:
Really....give me an f&^in break. These so called laws only exist to protect the NAR and realtors. The laws can't be exactly the same in every state. I'm sure that there are ways to
skirt the laws and get away with. There is always a way. The only people who are pissing
in their pants are usually the little guys. 

Having said all that, If you live in where they are enforcing the asss backwards laws, then
cut your losses and cut the license. It's not that hard, I had one a few years ago until
I realized that real money lays in owning real property, in the right location, at the right time.


--- On Fri, 1/2/09, Loveandmoney05 at aol.com <Loveandmoney05 at aol.com> wrote:

From: Loveandmoney05 at aol.com <Loveandmoney05 at aol.com>
Subject: Re: [5-DayForum] Please remove me from your mailing lists.
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Friday, January 2, 2009, 2:53 AM


It's state law in every state that you must be licensed to "broker" a deal.  if you dont own the property in some way, you are "brokering."  Consultants are typically breaking the law.  Depending on your area, your local brokers may report the illegal practice to whatever state commission levies the fines,  Here in PA, people get significant fines every year.  i dont like the law, but that is the way it is.  
Danielle

In a message dated 1/1/2009 8:05:53 P.M. Eastern Standard Time, gary_st_armand at yahoo.com writes:
What are you saying? there is a federal law that states this. Here i thought that these
affairs were handled at the state level. How about if the person charges a consultant fee?
Is that ok? By the way, who would be levying the fines. 

Hmm....Is it possible that a realtor will say anything to protect their livelyhood.

--- On Fri, 1/2/09, Dutch Revenboer <flyingnutjob at gmail.com> wrote:

From: Dutch Revenboer <flyingnutjob at gmail.com>
Subject: Re: [5-DayForum] Please remove me from your mailing lists.
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtoDepending on your areasellyourhomein5days.com>
Date: Friday, January 2, 2009, 12:18 AM


the law is that you can sell any property that you have an EQUITABLE interest in (you OWN some or all of it).  There are a few exceptions, like for hired property managers, lawyers doing probate work, etc (each state has it's own rules).  But unless you have a Real Estate license or are a member of one of the Exception Groups, you can not broker a deal without a license.  I'm pretty sure running a 5-day sale FOR a property which you do NOT have an equitable interest in would qualify you for a pretty hefty fine in all 50 states.

Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com



On Thu, Jan 1, 2009 at 3:12 PM, Patricia Lone <patricialone at hotmail.com> wrote:

Patricia, Michigan, Seller/Landlord, yes, in this day and age, that also equals HELPPP!! 

That is not a requirement.  Lots of people feel there is a great benefit in it, others do not.  My father was a broker, I have for a limited period of time, been a realtor, I am not licensed and at this time do not plan to become licensed, but I do plan on selling houses.  It is a personal choice really (at least from where I sit... someone correct me if I am wrong).

Patricia  





Date: Thu, 1 Jan 2009 12:51:00 -0800
From: gary_st_armand at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Please remove me from your mailing lists.

What the hell are you talking about? What should owners be required to have a license
to sell their own house?

--- On Thu, 1/1/09, Eltutu1 at aol.com <Eltutu1 at aol.com> wrote:

From: Eltutu1 at aol.com <Eltutu1 at aol.com>
Subject: Re: [5-DayForum] Please remove me from your mailing lists.
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thursday, January 1, 2009, 8:45 PM


Hi there guys,

I live in one of the most business unfriendly state of the Union: New York. It doesn't required owners to have a Real Estate License to sell their own homes. If that's the case in some other states, their laws need to be repealed. Also, such laws are tantamount to losing some of our civil liberties!

Emmanuel Laventure






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From liz at lizbacall.com  Fri Jan  2 15:22:57 2009
From: liz at lizbacall.com (Liz Bacall)
Date: Fri, 2 Jan 2009 15:22:57 -0500
Subject: [5-DayForum] Success Ratio
In-Reply-To: <00c501c96d14$cf937210$0201a8c0@RCCutcher>
References: <495D380E.8010009@effros.com>	<BLU141-W16F405FBFF127913076FCDD2E50@phx.gbl><C4EB7EA197F8C541B94046AE4E552D8801B55112@pandora.socket.net><495D9DFB.1070809@effros.com>
	<00c501c96d14$cf937210$0201a8c0@RCCutcher>
Message-ID: <007601c96d17$efc96b40$4101a8c0@liz>

RC,
Would you please ellaborate on your comment, "But it is very rare that
anyone on this List has that story of Sell/Buy...."  Is what you mean: yes,
you sell your home right now and you will get less than you paid for it, BUT
then you buy a home and will pay less for it than you would have before, so
it is all relative. Is that what you mean by the story of Sell/Buy?  If not,
please tell us more.
 
And I agree with you, the scope and price of the advertising is daunting.
Personally, even more challenging was figuring out which parts of Bill's
suggested marketing was/wasn't permitted in my area, even different rules
within different gated communities! For example, almost no where are we
permitted (home-owners or agents) to stick all those yard signs in the
lawns. The home-owner will be fined by their HOA. Makes it interesting!
 
Thank you to Bill for writing the book & creating this forum, and thanks to
all who contribute!
 
Liz Bacall, Realtor
Palm Beach, FL 

  _____  

From:
5-dayforum-bounces+liz=lizbacall.com at mailman.howtosellyourhomein5days.com
[mailto:5-dayforum-bounces+liz=lizbacall.com at mailman.howtosellyourhomein5day
s.com] On Behalf Of RC Cutcher
Sent: Friday, January 02, 2009 3:01 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Success Ratio


Bill,
Mighty fine to see you back. Mighty fine. I love your answers most of the
time, and your sense of humor all the time.  Bill, you know everybody
believes in Santa CLAUSE, especially when it comes to real estate. You are
just in time with the turning of the new year to dust off the red suit and
jump into this Run for Your Life Market that we are in. My only suggestion
would be that we need some kind of formula that corrects the human behavior
to believe that real estate is somehow rock solid. We have gone from the
idea that a home is a cherished valuable asset to the place in many areas of
the country of being 'a debris field,' with windows.   Still even that works
out in the economy of Sell/Buy when the owner gains it back on their hard
fought purchase. But it is very rare that anyone on this List has that story
of Sell/Buy, so the story continues to be that the 5-Day struggles somehow
when it doesn't achieve the perceived value based on Comps that can't be
trusted in this crazy market.  I continue to believe that the biggest
challenge to your strategy is the scope and price of the book's suggested
advertising, which has even the best and brightest minds completely fried.  
 
I do thank you for all your help in 2008.  Almost everything I sold was the
Express Plan and I have a number of Pending to start the year.  God bless.
 
RC Cutcher
Realtor, ABR
Austin Texas Homes, LLC
www.austintexashomes.com
Texas MCE Education Provider No. 7436
Short Sale/Foreclosure Workshop
 
----- Original Message ----- 

From: Bill Effros <mailto:bill at effros.com>  
To: How To Sell Your
<mailto:5-dayforum at mailman.howtosellyourhomein5days.com> Home in 5-Days 
Sent: Thursday, January 01, 2009 10:54 PM
Subject: Re: [5-DayForum] Success Ratio

Betty,

I believe you will get more money for each sale if you don't use undisclosed
reserves.  The implied reserve is double the starting price.

Have your fee placed in escrow before the sale (not legal everywhere--what's
the story in Missouri?)

I assume you base your fee on a percentage of the selling price.  The escrow
amount should be double the starting price times your percentage.  If your
client fails to get the implied reserve, your fee is your percentage of the
actual selling price, and the client gets back the difference from the
escrow account.

If the client throws in a "ringer" who is jacking up the price beyond what
anyone else will pay, the client still pays your fee based on the shill's
bid.  This tends tends to discourage this practice which usually winds up
with the seller buying the house and refusing to pay a fee to the broker who
did all the work.

If the bank outbids every other buyer, you get your percentage of the bank's
price.

The key to the implied reserve is the 25 responses by Friday night rule.  If
you fail to get 25 responses by Friday night, offering the property for 50%
of the implied reserve, that property is unlikely to sell for more than the
implied reserve, and you, as the broker, don't have to waste your time and
effort.

Of course, since the client has to put up escrow money in advance, there is
an incentive to start with a low implied reserve.  This works for everyone,
as it makes it far more likely that the very low starting price will attract
a high number of potential buyers, and that you will not be wasting your
time when you set up the sale.  If the property sells for more than double
the starting price, you get more than the escrow amount.

Please note, I am absolutely sure you do not get a lower selling price if
you use a lower starting price.  You do more work, and see more people who
will not pay the top price, but the top price is the top price no matter
where you start.  This is true whether the seller has equity in the property
or not.

The lower starting prices and lower implied reserve will ensure that you
don't lose 3 days setting up a sale that won't ever happen.  You will do
more work at each sale, but you should be able to increase your success
ratio to 100%.

Bill Effros



Betty Pauley wrote: 

My name is Betty Pauley, I am a Realtor in Columbia Missouri.

 

I have used this method six times, five of the six the homes were sold as a
direct result of the sale.  I follow the book very closely, but also utilize
the MLS and the Realtor Network.  Two of the five buyers were represented by
a Realtor.  I put comments in the MLS remarks section giving information
about the sale.  Other Realtors in the community are now starting to copy
the method.  I am also getting referrals from other Realtors who do not want
to use the method.

 

I make sure that there is equity in the property to pay my fee.  The one
home that did not sell had no equity and wound up being reposessed.  I
learned my lesson from that one. 

 

I place a small classified ad to run Wednesday thru Sunday, hold the home
open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I
purchased the sign package and put signs out everywhere.  If the owner is
willing and available, I have them with me at the open houses to answer
questions.  I also put the owners phone number on the sign and ad to take
the calls. 

 

I make it very clear to all potential bidders that nothing is binding until
it is in writing on either the buyers or sellers part.  I also state that
there is an undisclosed reserve.  When asked what it is,  I just smile
sweetly and say 'its undisclosed'....

  


  _____  


_______________________________________________

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5-DayForum at mailman.howtosellyourhomein5days.com

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From sheritorres at yahoo.com  Fri Jan  2 16:13:22 2009
From: sheritorres at yahoo.com (Sheri Torres)
Date: Fri, 2 Jan 2009 13:13:22 -0800 (PST)
Subject: [5-DayForum] please remove me from your lists
In-Reply-To: <mailman.2.1230915614.30859.5-dayforum@mailman.howtosellyourhomein5days.com>
Message-ID: <675671.71318.qm@web37304.mail.mud.yahoo.com>










?

--- On Fri, 1/2/09, 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 22, Issue 5
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Friday, January 2, 2009, 12:00 PM

Send 5-DayForum mailing list submissions 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. Re: Sale diary day 2 (kenneth dilkes)
   2. Welcome Back Bill (Kyle Cascioli)
   3. Re: Success Ratio (Keith R. Pinster)
   4. Re: Rental (Keith R. Pinster)



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well said



From: liz at lizbacall.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Wed, 31 Dec 2008 13:15:38 -0500
Subject: Re: [5-DayForum] Sale diary day 2



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Holy Cow. I continuously see your emails, and I'm trying to think of what to suggest.
?
Please go to Craigslist to learn how to use Craigslist. All the info you seek is there. I know, because that is how I learned it.
?
Please use the sample ad from the book or don't, but there are just so many times we on the forum can tell you to use the ad in the book.
?
Please do not feel that you need to submit a daily sale diary of what you are doing; if we all did that, none of us would get anything done reading them all and our incoming mail would be filled with diary info.
?
Please do go take the real estate classes so you can get the license you say you want, for whatever state you live in?will know the answers to many of the questions you ask. Every state is different. Dual agency is illegal, but in Florida we have Transaction Agency and Buyer Agents. Your realtor board will know what is/isn't legal in your state. Right now your cart if before your horse. The laws for a home-owner are different than for a Realtor. As it appears your intention is to sell a home now, and you are not licensed, then just follow the book.
?
If you have read the book only once, please read it again -- at least twice. Each time you read it, you will remember more of the system and you will not feel so lost.
?
There are a ton of people who receive every single email we submit, and?we can see how many questions you have and how you are struggling with every single aspect of the process. With all my heart I want to encourage you to stop everything and re-re-read the book.?If you are doing one home as a home-owner, we still request you read the book several times. But especially since you are asking Realtor questions, it would help you more than words can say if you would go ahead and get those classes and your license. If you are seriously wanting to get your license, may I respectfully suggest you make this your New Year's Resolution?
?
HAPPY NEW YEAR TO EVERYONE!? Here's to a great 2009!!!
?
Warmest regards,
Liz Bacall
Palm Beach, FL



From: 5-dayforum-bounces+liz=lizbacall.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+liz=lizbacall.com at mailman.howtosellyourhomein5days.com] On Behalf Of j crafor
Sent: Wednesday, December 31, 2008 10:42 AM
To: 5-dayforum at mailman.how tosellyour home
Subject: [5-DayForum] Sale diary day 2


Craigslist: Tried several times yesterday to improve my craigslist ad, and couldn't see how to do it, even in the help section. How does one change or delete the ad? My ad is already lost in the second page of houses... I have a new ad ready for Thursday.
?
I did update my hotpads ad this morning.
?
Didn't get the copies made, will do it today.
?
Should I do more staging if I can?
?
The handyman never showed up, so need to call another one.
?
Might do a little yard work today.
?
JCrafor



It?s the same Hotmail?. If by ?same? you mean up to 70% faster. Get your account now.


It?s the same Hotmail?. If by ?same? you mean up to 70% faster. Get your account now. 


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Happy New Year!
?
Kyle



Send e-mail faster without improving your typing skills. Get your Hotmail? account. 






Hi Bill,
?
What do you mean by ?The implied reserve is double the starting price??? I think the problem most people are having is the ?implied lie? that you will sell the house for anything over the price in the ad, so if they don?t get enough, they think they are ?lying? to the public.? What are your thoughts on this?
?
Keith ? Vancouver, WA
?




From: Bill Effros [mailto:bill at effros.com] 
Sent: Thursday, January 01, 2009 8:54 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Success Ratio
?
Betty,

I believe you will get more money for each sale if you don't use undisclosed reserves.? The implied reserve is double the starting price.

Have your fee placed in escrow before the sale (not legal everywhere--what's the story in Missouri ?)

I assume you base your fee on a percentage of the selling price.? The escrow amount should be double the starting price times your percentage.? If your client fails to get the implied reserve, your fee is your percentage of the actual selling price, and the client gets back the difference from the escrow account.

If the client throws in a "ringer" who is jacking up the price beyond what anyone else will pay, the client still pays your fee based on the shill's bid.? This tends tends to discourage this practice which usually winds up with the seller buying the house and refusing to pay a fee to the broker who did all the work.

If the bank outbids every other buyer, you get your percentage of the bank's price.

The key to the implied reserve is the 25 responses by Friday night rule.? If you fail to get 25 responses by Friday night, offering the property for 50% of the implied reserve, that property is unlikely to sell for more than the implied reserve, and you, as the broker, don't have to waste your time and effort.

Of course, since the client has to put up escrow money in advance, there is an incentive to start with a low implied reserve.? This works for everyone, as it makes it far more likely that the very low starting price will attract a high number of potential buyers, and that you will not be wasting your time when you set up the sale.? If the property sells for more than double the starting price, you get more than the escrow amount.

Please note, I am absolutely sure you do not get a lower selling price if you use a lower starting price.? You do more work, and see more people who will not pay the top price, but the top price is the top price no matter where you start.? This is true whether the seller has equity in the property or not.

The lower starting prices and lower implied reserve will ensure that you don't lose 3 days setting up a sale that won't ever happen.? You will do more work at each sale, but you should be able to increase your success ratio to 100%.

Bill Effros



Betty Pauley wrote: My name is Betty Pauley, I am a Realtor in
 Columbia Missouri . I have used this method six times, five of the six the homes were sold as a direct result of the sale.? I follow the book very closely, but also utilize the MLS and the Realtor Network.? Two of the five buyers were represented by a Realtor.? I put comments in the MLS remarks section giving information about the sale.? Other Realtors in the community are now starting to copy the method.? I am also getting referrals from other Realtors who do not want to use the method. I make sure that there is equity in the property to pay my fee.? The one home that did not sell had no equity and wound up being reposessed.? I learned my lesson from that one. ?I place a small classified ad to run Wednesday thru Sunday, hold the home open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.? I purchased the sign package and put signs out everywhere.? If the owner is willing and available, I have them with me at the open houses to
 answer questions.? I also put the owners phone number on the sign and ad to take the calls. ?I make it very clear to all potential bidders that nothing is binding until it is in writing on either the buyers or sellers part. ?I also state that there is an undisclosed reserve.? When asked what it is,? I just smile sweetly and say 'its undisclosed'....?  ?



 ?_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum? 






I don?t think there is much more to this, Patricia.? Just use the same method but instead of sale price, the prospects are bidding on the monthly rent.? 
?
Another thing I was thinking (and Bill, you might want to mention this in the 4th edition you?re putting together) is if you are trying to setup a lease-option (something like Wendy Patten does) you can use this same method for ether the monthly rent OR the option fee (or maybe even some combination thereof).? It?s an intriguing idea, I think, since lease-options might start becoming more prevalent.? Just my 2 pennies.
?
Keith ? Vancouver, WA
?




From: Patricia Lone [mailto:patricialone at hotmail.com] 
Sent: Thursday, January 01, 2009 9:21 PM
To: 5-Day Forum
Subject: Re: [5-DayForum] Lets Sort Ourselves Out
?
Patricia, Michigan, Seller/Landlord.

Hi Bill,

Being a landlord, the thought of using the 5-day method to find renters intrigues me.? Would you please expound on this?

Patricia
?



Date: Thu, 1 Jan 2009 23:59:14 -0500
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Lets Sort Ourselves Out

Congratulations Danielle!

Your excuse is better than mine.

Thanks for your help while I was off the list.? You and the others held it together and allowed it to continue growing.

Do you rent in 5 days?

It's a lot of work, too, but you'll get the highest rents from the best tenants.

Bill Effros

PS -- a boy or a girl?

Loveandmoney05 at aol.com wrote: 

Bill,

Glad to "see" you again.? you have been missed. ?i havent been on much as i just had a baby and have been busy with that and getting some properties rented.? I'm not selling for the time being.

Danielle

?


In a message dated 1/1/2009 4:02:43 P.M. Eastern Standard Time, bill at effros.com writes:

This list is huge, and it's likely to become very active over the next 
several months.

Everyone's mailbox is going to bulge with 5-Day Forum postings.

Lets try to observe some strict rules.

1.? I won't permit any more posting to this list by non-members.? If you 
want to interact, you must sign up.

2.? If you sign up and want to leave, you've got to do it for yourself! 
It's the reverse of signing up.? I will post information on how to do 
these things from time to time.

3. Learn how to use "filters" in your email program so that you can move 
5-DayForum email directly into the folder you will view it from, without 
clogging your In Box.? (Again, I will post for those who don't already 
know.)

4.? Put yourself into "Digest Mode" or "Vacation Mode" if you want to 
retain your list privileges without receiving an overwhelming amount of 
daily email.

5.? Use the subject line so others can follow discussions.? Make sure 
the subject line reflects the content.? Multiple short subjects are 
better than huge documents that no one has the time to read all the way 
through.? (The exception is narrative descriptions of sales--Here we ask 
for the following format-- City-State-Day.? In my case that would be 
Greenwich-Ct-Day 1.? Then you would tell in the body what happened that 
day, and people on the list could help you while your sale is in progress.

6.? Let's announce who we are, and why we are here in every email.? So, 
I would be Bill Effros, Author.? And you might be Jane Doe, Seller.? Or 
Mike Smith, Buyer.? Or Bob Cole, Agent.? etc.? Again, this will allow 
people to more easily sort through the daily email and the archives.

I'll formalize the things that work, and drop the things that don't.

Bill Effros, Author


_______________________________________________
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5-DayForum at mailman.howtosellyourhomein5days.com
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New year...new news. Be the first to know what is making headlines.



 ?_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum? _______________________________________________
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From flyingnutjob at gmail.com  Fri Jan  2 19:19:26 2009
From: flyingnutjob at gmail.com (Dutch Revenboer)
Date: Fri, 2 Jan 2009 18:19:26 -0600
Subject: [5-DayForum] Who Can Sell a Home?
In-Reply-To: <495E5DD3.1020509@effros.com>
References: <d10.40e5eb18.368e8586@aol.com>
	<26170.27827.qm@web45012.mail.sp1.yahoo.com>
	<BLU141-W16E4B51D827CC2C724BCBCD2E50@phx.gbl>
	<d2b697900901011618r6e7795e9oaeed47ee9df3be49@mail.gmail.com>
	<495DA34A.3090203@effros.com>
	<d2b697900901020541l6140a934qe75fbb5c90c6651d@mail.gmail.com>
	<495E5DD3.1020509@effros.com>
Message-ID: <d2b697900901021619i26322219sb82090d6c3a9e004@mail.gmail.com>

Thanks Bill.  I'm excited about implementing the 5-day sale system AS A
REALTOR for my clients.  I will act as the Realtor or as FSBO consultant,
earning a flat fee or commission, depending if they or I do all the work.

In all reality, all home sales are "auctions".  Specifically a "dutch
auction" (no pun).  So I'm sad to hear that you've run into problems with
brokers and Boards of Realtors.  Like most people, they say NO to anything
they don't understand or thinks infringes on their territory.  Personally, I
think the concept of the 5-day sale is great for FSBO and Realtors both.
Many homeonwers just don't want to do the work or never grasp the entire
process, which opens the door for me.

I'm also excited about the REO and Short Sale markets, which I work a lot
being an investor, as well as Lease/Options and Contract for Deeds.  Your
system can be modified to work in just about any market, with any type of
property or terms.

Keep the flag high.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No
Credit, Bad Credit OK - www.BuySellRentHouses.com


On Fri, Jan 2, 2009 at 12:32 PM, Bill Effros <bill at effros.com> wrote:

>  Thanks, Dutch,
>
> I have muddied the water on this issue--the 3 previous editions of the book
> don't agree, and I will probably change my position for the 4th.
>
> When I first published the book, real estate boards in some states had laws
> on their books prohibiting even the seller from using the technique I
> advocated--and many states said the Real Estate Board rules controlled state
> law.  Many newspapers refused to carry the 5-Day Ads, claiming they were not
> legal.  Auctioneers had state laws prohibiting the seller from conducting an
> "auction". etc.
>
> Many real estate boards then sent out rulings that licensed brokers could
> not participate in 5-Day Sales.
>
> Real Estate Brokers conducted co-ordinated campaigns to thwart individuals
> who attempted to run 5-Day Sales for their own homes, sometimes attending
> 5-Day Sales and screaming, at the top of their lungs, that the sale was
> illegal, and that everyone involved would go to jail, or was subject to a
> huge fine. or...
>
> Still, today, Real Estate brokers "flag" 5-Day ads on Craig's List, and the
> ads in some communities get taken down in the middle of the sale.  I will
> try to work this out with Craig before recommending the use of his list for
> 5-Day Sales in the 4th Edition.
>
> There are still many newspapers that refuse to run 5-Day Sales, or won't
> run them as classifieds, or won't place them with the rest of the homes for
> sale.
>
> My publisher's attorneys extensively "vetted" my book prior to
> publication.  They were extremely concerned about the legality of my
> technique, and the publisher's (clear) liability.
>
> They forced me to add the word "reasonable" to the cover advertisement, and
> my publisher and I almost came to blows over this matter.  In the end, we
> compromised by putting the word "reasonable" on the cover if I could state
> in the text that I never put the word in my ad.  If you look at the cover of
> the third edition, you will see that the word "reasonable" is gone.
>
> Federal law, specifically the First Amendment of the Constitution, protects
> my right to publish my technique.  That same amendment protects the right of
> others to interpret my book, and even to "consult" on its meaning for hire.
>
> When no self respecting real estate professional would even dream of
> under-cutting the closed commission structure that escalated to almost 10%
> in some communities, I advocated the "Consultant" route to individuals who
> wanted to run a 5-Day sale, but wanted a "rabbit's foot" nearby.
>
> I was offered substantial sums of money on many occasions to be that
> rabbit's foot, but 5-Day Sales are so emotionally and physically draining I
> quickly determined that no amount of money could ever tempt me to leave the
> fields I had chosen to work in.
>
> Instead, I stayed in touch with the 5-Day Sale community, and wrote the
> book again, and again, .... and again to update the information and make the
> technique available to more people.
>
> My "consultant" scheme turned on me, and professional brokers came to my
> aid over time.  Consultants who had run many sales figured out how to "game
> the system" on behalf of the seller. They were cheating, plain and
> simple--just as the professional real estate boards had predicted.
>
> As selling homes became more difficult than shooting fish in a barrel, some
> real estate professionals started offering
> to sell homes using the 5-Day Technique--often for a fee structure that
> made allowance for the fact that every properly run sale succeeded in
> getting a fair current price in exactly 5 days.
>
> When the housing market started going south, some said the 5-Day Method
> wasn't working, because sellers were failing to be offered what appraisers
> said their homes were worth.  I responded that 5-Day sales are the best
> appraisal you could get, that they lead the market by 6 months, and that
> neither bank appraisals nor tax assessments could ever be trusted for any
> purpose.  (If you look back at prior books and the archives of this Forum,
> you will see that I made this point over and over.)
>
> Many of the people who have held this list together while I faced the fact
> that I would have to write the book again are real estate professionals.  I
> can't recommend any "consultant" not constrained by the real estate laws of
> the state they are in, based on my experiences, and the fact that I do not
> have any interest in becoming a regulatory or licensing agency.
>
> Okay, I've got the speech recognition program working again, but I've
> totally lost my train of thought.
>
> Sorry, Dutch, but you get the idea, I'll get back to this later.
>
> Bill Effros, Author
>
> PS -- my mother's family is from Amsterdam.
>
>
>
>
>
> Dutch Revenboer wrote:
>
> Bill, yes, each state has it's own laws.  the discussions got to be about
> doing 5-day sales for others, like a consultant.  Now, I don't profess to be
> an attorney or an expert on states law in all 50 states, but I'm pretty sure
> conducting a 5-day sale on behalf of someone else without personal
> "equitable" interest in the property would be a violation of the law in
> every state.  Now, you can TELL someone how to do something, (I tell people
> where to go and how to get there all the time :-), no problem) but actually
> doing the work falls under the LAW OF AGENCY.
>
> And I also stated that there were exceptions in every state, like you
> mentioned, lawyers, etc.  Each state is different.  But I think you do need
> to point out that your book is FOR SELLERS OF THEIR OWN PROPERTY.  To
> conduct a 5-day sale on behalf of another while NOT one of the exception
> groups in your state most likely can and will cause severe penalties.  I can
> almost guarantee that a real estate broker will bring down the rain on
> anyone setting up this type of business who is not licensed.
>
> My father was from The Netherlands, I'm first generation US.  First name is
> Johannes, picked up Dutch as a nickname in high school, it stuck.
>
> Looking forward to Version 4.  You might add a chapter or section about
> this topic.
>
> Dutch Revenboer
>
> Broker Associate
> Metro Brokers of Oklahoma
> www.DreamHomesOKC.com
> 405-590-6563
>
> We Buy Houses - www.OKCash4Homes.com
>
> We Help Stop Foreclosure - www.OKHomesavers.com
>
> We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties -
> No Credit, Bad Credit OK - www.BuySellRentHouses.com
>
>
> On Thu, Jan 1, 2009 at 11:16 PM, Bill Effros <bill at effros.com> wrote:
>
>> Dutch,
>>
>> This is a real states' rights issue--the laws vary widely from state to
>> state.  Most of the laws were heavily influenced by the Real Estate
>> establishment in each state.  In some states at some times it was illegal to
>> run ads for real estate in those mall "shoppers" if you weren't licensed.
>>
>> Some states tried to make the sale of books like mine illegal.
>>
>> In some states any lawyer can sell any property.  Executors can generally
>> sell properties whether they are lawyers or not.
>>
>> In many states banks can sell homes.  Also settlement agents.
>>
>> In some states builders can sell only a certain number of homes per year
>> using the 5-Day Method.
>>
>> With some restrictions, anyone can "consult" on the use of my book,
>> although I no longer recommend this practice.
>>
>> The thrust of your response is correct in most locations.  Anyone can use
>> the technique I recommend in my book to sell their own home anywhere in the
>> country.
>>
>> Bill Effros, Author
>>
>> PS -- Let's try to change subject lines to make it easier for people who
>> join the list later to find these answers in the Archives.
>>
>> PPS -- Are you from the Netherlands, or is your family from the
>> Netherlands.   That's not a Pennsylvania Dutch name?  Are there Oklahoma
>> Dutch?
>>
>>
>>
>>
>> Dutch Revenboer wrote:
>>
>> the law is that you can sell any property that you have an EQUITABLE
>> interest in (you OWN some or all of it).  There are a few exceptions, like
>> for hired property managers, lawyers doing probate work, etc (each state has
>> it's own rules).  But unless you have a Real Estate license or are a member
>> of one of the Exception Groups, you can not broker a deal without a
>> license.  I'm pretty sure running a 5-day sale FOR a property which you do
>> NOT have an equitable interest in would qualify you for a pretty hefty fine
>> in all 50 states.
>>
>> Dutch Revenboer
>>
>> Broker Associate
>> Metro Brokers of Oklahoma
>> www.DreamHomesOKC.com
>> 405-590-6563
>>
>> We Buy Houses - www.OKCash4Homes.com
>>
>> We Help Stop Foreclosure - www.OKHomesavers.com
>>
>> We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties -
>> No Credit, Bad Credit OK - www.BuySellRentHouses.com
>>
>>
>> On Thu, Jan 1, 2009 at 3:12 PM, Patricia Lone <patricialone at hotmail.com>wrote:
>>
>>>  Patricia, Michigan, Seller/Landlord, yes, in this day and age, that
>>> also equals HELPPP!!
>>>
>>> That is not a requirement.  Lots of people feel there is a great benefit
>>> in it, others do not.  My father was a broker, I have for a limited period
>>> of time, been a realtor, I am not licensed and at this time do not plan to
>>> become licensed, but I do plan on selling houses.  It is a personal choice
>>> really (at least from where I sit... someone correct me if I am wrong).
>>>
>>> Patricia
>>>
>>>
>>> ------------------------------
>>> Date: Thu, 1 Jan 2009 12:51:00 -0800
>>> From: gary_st_armand at yahoo.com
>>> To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>> Subject: Re: [5-DayForum] Please remove me from your mailing lists.
>>>
>>>   What the hell are you talking about? What should owners be required to
>>> have a license
>>> to sell their own house?
>>>
>>> --- On *Thu, 1/1/09, Eltutu1 at aol.com <Eltutu1 at aol.com>* wrote:
>>>
>>> From: Eltutu1 at aol.com <Eltutu1 at aol.com>
>>> Subject: Re: [5-DayForum] Please remove me from your mailing lists.
>>> To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>> Date: Thursday, January 1, 2009, 8:45 PM
>>>
>>>  Hi there guys,
>>>
>>> I live in one of the most business unfriendly state of the Union: New
>>> York. It doesn't required owners to have a Real Estate License to sell their
>>> own homes. If that's the case in some other states, their laws need to be
>>> repealed. Also, such laws are tantamount to losing some of our civil
>>> liberties!
>>>
>>> Emmanuel Laventure
>>>
>>>
>>>
>>>  ------------------------------
>>> Stay up-to-date on the latest news<http://www.aol.com/?ncid=emlcntaolcom00000024>- from fashion trends to celebrity break-ups and everything in between.
>>>
>>> _______________________________________________
>>> 5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://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 list5-DayForum at mailman.howtosellyourhomein5days.comhttp://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 list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
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>
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From p.schechter at verizon.net  Fri Jan  2 22:00:27 2009
From: p.schechter at verizon.net (Paul R. Schechter)
Date: Fri, 02 Jan 2009 19:00:27 -0800
Subject: [5-DayForum] Success Ratio
In-Reply-To: <495E6532.5040605@effros.com>
Message-ID: <004701c96d4f$6eeb5410$0301a8c0@PRSDimension>

Hi Bill,

 

I am one of those people who are concerned with the statement "will be sold
Sunday night to the high bidder".  I see in your response below you advocate
the statement never be a lie by selling it to the high bidder "no matter
what the final bid".  How can you maintain that position if the high bid is
not enough to payoff the loan(s)?

 

There are responses in this forum from people who have been in this
situation and had to tell the high bidder their bid was not enough.  They
claim the high bidder understood the situation and increased their bid; to
me, this is unethical & hard to swallow.

 

Respectfully,

 

Paul

 

-----Original Message-----
From:
5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.
com
[mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhome
in5days.com] On Behalf Of Bill Effros
Sent: Friday, January 02, 2009 11:04 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Success Ratio

 

Keith,

This is one I'll be hitting heavily as soon as I have the time.

Here's the summary:

The starting price in the ad is supposed to be 50% of what the seller
honestly believes is the current value. To put it another way, the seller's
implied reserve is double the starting price.

The statement "will be sold Sunday night to the high bidder" should never be
a lie -- no matter what the final bid.

I sell every home, every time -- the only escape clause is the unstated
stipulation that I must get 25 responses by Friday night. If you can't find
25 people in three days who believe your home may currently be worth twice
the starting price, you should not proceed with your inspection.

If you do get 25 people by Friday night, and if you do run your open house,
and round-robin properly, you will get the high-end of the current fair
market value. Every single time.

The problems come when people start weaseling about "what they will really
take"; or when they inflate the number of responses by deploying clowns with
cattle prods to round up the usual suspects.

More on this to come, -- lots more.

Bill Effros, author

Keith R. Pinster wrote: 

Hi Bill,

 

What do you mean by "The implied reserve is double the starting price"?  I
think the problem most people are having is the "implied lie" that you will
sell the house for anything over the price in the ad, so if they don't get
enough, they think they are "lying" to the public.  What are your thoughts
on this?

 

Keith - Vancouver, WA

 

  _____  

From: Bill Effros [mailto:bill at effros.com] 
Sent: Thursday, January 01, 2009 8:54 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Success Ratio

 

Betty,

I believe you will get more money for each sale if you don't use undisclosed
reserves.  The implied reserve is double the starting price.

Have your fee placed in escrow before the sale (not legal everywhere--what's
the story in Missouri?)

I assume you base your fee on a percentage of the selling price.  The escrow
amount should be double the starting price times your percentage.  If your
client fails to get the implied reserve, your fee is your percentage of the
actual selling price, and the client gets back the difference from the
escrow account.

If the client throws in a "ringer" who is jacking up the price beyond what
anyone else will pay, the client still pays your fee based on the shill's
bid.  This tends tends to discourage this practice which usually winds up
with the seller buying the house and refusing to pay a fee to the broker who
did all the work.

If the bank outbids every other buyer, you get your percentage of the bank's
price.

The key to the implied reserve is the 25 responses by Friday night rule.  If
you fail to get 25 responses by Friday night, offering the property for 50%
of the implied reserve, that property is unlikely to sell for more than the
implied reserve, and you, as the broker, don't have to waste your time and
effort.

Of course, since the client has to put up escrow money in advance, there is
an incentive to start with a low implied reserve.  This works for everyone,
as it makes it far more likely that the very low starting price will attract
a high number of potential buyers, and that you will not be wasting your
time when you set up the sale.  If the property sells for more than double
the starting price, you get more than the escrow amount.

Please note, I am absolutely sure you do not get a lower selling price if
you use a lower starting price.  You do more work, and see more people who
will not pay the top price, but the top price is the top price no matter
where you start.  This is true whether the seller has equity in the property
or not.

The lower starting prices and lower implied reserve will ensure that you
don't lose 3 days setting up a sale that won't ever happen.  You will do
more work at each sale, but you should be able to increase your success
ratio to 100%.

Bill Effros



Betty Pauley wrote: 

My name is Betty Pauley, I am a Realtor in Columbia Missouri.
 
I have used this method six times, five of the six the homes were sold as a
direct result of the sale.  I follow the book very closely, but also utilize
the MLS and the Realtor Network.  Two of the five buyers were represented by
a Realtor.  I put comments in the MLS remarks section giving information
about the sale.  Other Realtors in the community are now starting to copy
the method.  I am also getting referrals from other Realtors who do not want
to use the method.
 
I make sure that there is equity in the property to pay my fee.  The one
home that did not sell had no equity and wound up being reposessed.  I
learned my lesson from that one. 
 
I place a small classified ad to run Wednesday thru Sunday, hold the home
open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I
purchased the sign package and put signs out everywhere.  If the owner is
willing and available, I have them with me at the open houses to answer
questions.  I also put the owners phone number on the sign and ad to take
the calls. 
 
I make it very clear to all potential bidders that nothing is binding until
it is in writing on either the buyers or sellers part.  I also state that
there is an undisclosed reserve.  When asked what it is,  I just smile
sweetly and say 'its undisclosed'....
  
 
 
 





  _____  



 
 
 
_______________________________________________
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 mailing list
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http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  
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From patricialone at hotmail.com  Fri Jan  2 23:34:14 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Fri, 2 Jan 2009 23:34:14 -0500
Subject: [5-DayForum] Rental
In-Reply-To: <03ca01c96cf9$986b86d0$0702a8c0@accentinc.com>
References: <BLU141-W20A272B5FC93AC32B76188D2E20@phx.gbl>
	<03ca01c96cf9$986b86d0$0702a8c0@accentinc.com>
Message-ID: <BLU141-W91ACBB5523718BD89D873D2E30@phx.gbl>


Patricia, Michigan, Seller/Landlord, in this day and age (for me), that also equals HELPPP!! So then what you're saying is that if a person wants, let's grab a number out of the air, $800 a month for rent, they would advertise the property for the 5 days with the rent starting at $400 per month?Patricia Lone             "If you need help, ask God; If you don't, thank God."

From: keith.pinster at comcast.netTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Fri, 2 Jan 2009 08:46:00 -0800Subject: Re: [5-DayForum] Rental







I don?t think there is much more to this, Patricia.  Just use the same method but instead of sale price, the prospects are bidding on the monthly rent.  
 
Another thing I was thinking (and Bill, you might want to mention this in the 4th edition you?re putting together) is if you are trying to setup a lease-option (something like Wendy Patten does) you can use this same method for ether the monthly rent OR the option fee (or maybe even some combination thereof).  It?s an intriguing idea, I think, since lease-options might start becoming more prevalent.  Just my 2 pennies.
 
Keith ? Vancouver, WA
 




From: Patricia Lone [mailto:patricialone at hotmail.com] Sent: Thursday, January 01, 2009 9:21 PMTo: 5-Day ForumSubject: Re: [5-DayForum] Lets Sort Ourselves Out
 
Patricia, Michigan, Seller/Landlord.Hi Bill,Being a landlord, the thought of using the 5-day method to find renters intrigues me.  Would you please expound on this?Patricia
 



Date: Thu, 1 Jan 2009 23:59:14 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Lets Sort Ourselves OutCongratulations Danielle!Your excuse is better than mine.Thanks for your help while I was off the list.  You and the others held it together and allowed it to continue growing.Do you rent in 5 days?It's a lot of work, too, but you'll get the highest rents from the best tenants.Bill EffrosPS -- a boy or a girl?Loveandmoney05 at aol.com wrote: 

Bill,

Glad to "see" you again.  you have been missed.  i havent been on much as i just had a baby and have been busy with that and getting some properties rented.  I'm not selling for the time being.

Danielle

 


In a message dated 1/1/2009 4:02:43 P.M. Eastern Standard Time, bill at effros.com writes:

This list is huge, and it's likely to become very active over the next several months.Everyone's mailbox is going to bulge with 5-Day Forum postings.Lets try to observe some strict rules.1.  I won't permit any more posting to this list by non-members.  If you want to interact, you must sign up.2.  If you sign up and want to leave, you've got to do it for yourself! It's the reverse of signing up.  I will post information on how to do these things from time to time.3. Learn how to use "filters" in your email program so that you can move 5-DayForum email directly into the folder you will view it from, without clogging your In Box.  (Again, I will post for those who don't already know.)4.  Put yourself into "Digest Mode" or "Vacation Mode" if you want to retain your list privileges without receiving an overwhelming amount of daily email.5.  Use the subject line so others can follow discussions.  Make sure the subject line reflects the content.  Multiple short subjects are better than huge documents that no one has the time to read all the way through.  (The exception is narrative descriptions of sales--Here we ask for the following format-- City-State-Day.  In my case that would be Greenwich-Ct-Day 1.  Then you would tell in the body what happened that day, and people on the list could help you while your sale is in progress.6.  Let's announce who we are, and why we are here in every email.  So, I would be Bill Effros, Author.  And you might be Jane Doe, Seller.  Or Mike Smith, Buyer.  Or Bob Cole, Agent.  etc.  Again, this will allow people to more easily sort through the daily email and the archives.I'll formalize the things that work, and drop the things that don't.Bill Effros, Author_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum





New year...new news. Be the first to know what is making headlines.



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From tlginsberg at yahoo.com  Sat Jan  3 01:22:18 2009
From: tlginsberg at yahoo.com (Tanya Ginsberg)
Date: Fri, 2 Jan 2009 22:22:18 -0800 (PST)
Subject: [5-DayForum] Success Ratio
In-Reply-To: <004701c96d4f$6eeb5410$0301a8c0@PRSDimension>
Message-ID: <358872.31281.qm@web33407.mail.mud.yahoo.com>

I am one of those people for whom the high bid was not enough...  I can tell you that in my wildest dreams I did not think that the market had dropped so drastically in my area (at the time I sold my home) that I'd ever have to tell any bidder that the highest bid was not enough.

The truth is, I'd never even considered the possibility that my home would sell for so much less than I'd anticipated, that I had not even come up with any reserve price prior to the sale.  I didn't think about it or do the math until I was down to the final two bidders and waiting for the 10 minute lag time to announce the final bid.

I did fully intend to sell my home at the time of the sale and that is exactly what I did, even though I had to ask the highest bidders to come up in price a little.

I was honest about everything, the buyers bought a fantastic home for a great price and we are both very happy with the way the transaction went.

I'm having trouble seeing where you have an ethics issue here.

Sincerely,
Tanya  
1st time home seller using this method.

--- On Fri, 1/2/09, Paul R. Schechter <p.schechter at verizon.net> wrote:

> From: Paul R. Schechter <p.schechter at verizon.net>
> Subject: Re: [5-DayForum] Success Ratio
> To: "'How To Sell Your Home in 5-Days'" <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Friday, January 2, 2009, 9:00 PM
> Hi Bill,
> 
>  
> 
> I am one of those people who are concerned with the
> statement "will be sold
> Sunday night to the high bidder".  I see in your
> response below you advocate
> the statement never be a lie by selling it to the high
> bidder "no matter
> what the final bid".  How can you maintain that
> position if the high bid is
> not enough to payoff the loan(s)?
> 
>  
> 
> There are responses in this forum from people who have been
> in this
> situation and had to tell the high bidder their bid was not
> enough.  They
> claim the high bidder understood the situation and
> increased their bid; to
> me, this is unethical & hard to swallow.
> 
>  
> 
> Respectfully,
> 
>  
> 
> Paul
> 
>  
> 
> -----Original Message-----
> From:
> 5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.
> com
> [mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhome
> in5days.com] On Behalf Of Bill Effros
> Sent: Friday, January 02, 2009 11:04 AM
> To: How To Sell Your Home in 5-Days
> Subject: Re: [5-DayForum] Success Ratio
> 
>  
> 
> Keith,
> 
> This is one I'll be hitting heavily as soon as I have
> the time.
> 
> Here's the summary:
> 
> The starting price in the ad is supposed to be 50% of what
> the seller
> honestly believes is the current value. To put it another
> way, the seller's
> implied reserve is double the starting price.
> 
> The statement "will be sold Sunday night to the high
> bidder" should never be
> a lie -- no matter what the final bid.
> 
> I sell every home, every time -- the only escape clause is
> the unstated
> stipulation that I must get 25 responses by Friday night.
> If you can't find
> 25 people in three days who believe your home may currently
> be worth twice
> the starting price, you should not proceed with your
> inspection.
> 
> If you do get 25 people by Friday night, and if you do run
> your open house,
> and round-robin properly, you will get the high-end of the
> current fair
> market value. Every single time.
> 
> The problems come when people start weaseling about
> "what they will really
> take"; or when they inflate the number of responses by
> deploying clowns with
> cattle prods to round up the usual suspects.
> 
> More on this to come, -- lots more.
> 
> Bill Effros, author
> 
> Keith R. Pinster wrote: 
> 
> Hi Bill,
> 
>  
> 
> What do you mean by "The implied reserve is double the
> starting price"?  I
> think the problem most people are having is the
> "implied lie" that you will
> sell the house for anything over the price in the ad, so if
> they don't get
> enough, they think they are "lying" to the
> public.  What are your thoughts
> on this?
> 
>  
> 
> Keith - Vancouver, WA
> 
>  
> 
>   _____  
> 
> From: Bill Effros [mailto:bill at effros.com] 
> Sent: Thursday, January 01, 2009 8:54 PM
> To: How To Sell Your Home in 5-Days
> Subject: Re: [5-DayForum] Success Ratio
> 
>  
> 
> Betty,
> 
> I believe you will get more money for each sale if you
> don't use undisclosed
> reserves.  The implied reserve is double the starting
> price.
> 
> Have your fee placed in escrow before the sale (not legal
> everywhere--what's
> the story in Missouri?)
> 
> I assume you base your fee on a percentage of the selling
> price.  The escrow
> amount should be double the starting price times your
> percentage.  If your
> client fails to get the implied reserve, your fee is your
> percentage of the
> actual selling price, and the client gets back the
> difference from the
> escrow account.
> 
> If the client throws in a "ringer" who is jacking
> up the price beyond what
> anyone else will pay, the client still pays your fee based
> on the shill's
> bid.  This tends tends to discourage this practice which
> usually winds up
> with the seller buying the house and refusing to pay a fee
> to the broker who
> did all the work.
> 
> If the bank outbids every other buyer, you get your
> percentage of the bank's
> price.
> 
> The key to the implied reserve is the 25 responses by
> Friday night rule.  If
> you fail to get 25 responses by Friday night, offering the
> property for 50%
> of the implied reserve, that property is unlikely to sell
> for more than the
> implied reserve, and you, as the broker, don't have to
> waste your time and
> effort.
> 
> Of course, since the client has to put up escrow money in
> advance, there is
> an incentive to start with a low implied reserve.  This
> works for everyone,
> as it makes it far more likely that the very low starting
> price will attract
> a high number of potential buyers, and that you will not be
> wasting your
> time when you set up the sale.  If the property sells for
> more than double
> the starting price, you get more than the escrow amount.
> 
> Please note, I am absolutely sure you do not get a lower
> selling price if
> you use a lower starting price.  You do more work, and see
> more people who
> will not pay the top price, but the top price is the top
> price no matter
> where you start.  This is true whether the seller has
> equity in the property
> or not.
> 
> The lower starting prices and lower implied reserve will
> ensure that you
> don't lose 3 days setting up a sale that won't ever
> happen.  You will do
> more work at each sale, but you should be able to increase
> your success
> ratio to 100%.
> 
> Bill Effros
> 
> 
> 
> Betty Pauley wrote: 
> 
> My name is Betty Pauley, I am a Realtor in Columbia
> Missouri.
>  
> I have used this method six times, five of the six the
> homes were sold as a
> direct result of the sale.  I follow the book very closely,
> but also utilize
> the MLS and the Realtor Network.  Two of the five buyers
> were represented by
> a Realtor.  I put comments in the MLS remarks section
> giving information
> about the sale.  Other Realtors in the community are now
> starting to copy
> the method.  I am also getting referrals from other
> Realtors who do not want
> to use the method.
>  
> I make sure that there is equity in the property to pay my
> fee.  The one
> home that did not sell had no equity and wound up being
> reposessed.  I
> learned my lesson from that one. 
>  
> I place a small classified ad to run Wednesday thru Sunday,
> hold the home
> open 10-6 on Sat and Sunday, start the Round Robin at 7:00
> on Sunday.  I
> purchased the sign package and put signs out everywhere. 
> If the owner is
> willing and available, I have them with me at the open
> houses to answer
> questions.  I also put the owners phone number on the sign
> and ad to take
> the calls. 
>  
> I make it very clear to all potential bidders that nothing
> is binding until
> it is in writing on either the buyers or sellers part.  I
> also state that
> there is an undisclosed reserve.  When asked what it is,  I
> just smile
> sweetly and say 'its undisclosed'....
>   
>  
>  
>  
> 
> 
> 
> 
> 
>   _____  
> 
> 
> 
>  
>  
>  
> _______________________________________________
> 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 dboger06 at comcast.net  Sat Jan  3 08:14:37 2009
From: dboger06 at comcast.net (dan boger)
Date: Sat, 3 Jan 2009 07:14:37 -0600
Subject: [5-DayForum] Please remove my name from your list
Message-ID: <019f01c96da5$3ac10710$b0431530$@net>

Please remove my name from the email list

 

 

 

 

Dan Boger

12912 Sturbridge Rd.

Woodbridge, VA 22192

H 571-408-4319

C 571-264-1752

DBoger06 at comcast.net

 

 

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From bill at effros.com  Sat Jan  3 10:43:49 2009
From: bill at effros.com (Bill Effros)
Date: Sat, 03 Jan 2009 10:43:49 -0500
Subject: [5-DayForum] Will Be Sold Sunday Night
In-Reply-To: <004701c96d4f$6eeb5410$0301a8c0@PRSDimension>
References: <004701c96d4f$6eeb5410$0301a8c0@PRSDimension>
Message-ID: <495F87B5.9020401@effros.com>

Paul,

Outline answers for now, I will be filling in the blanks.

We can easily agree that "lying" is not the issue if, in fact, the 
seller always sells to the highest bidder.

Your real issue is what to do if the seller is dissatisfied with the 
high bid.

My answer is that you should not conduct a five-day sale unless you are 
prepared to take the high bid.

The 5-Day Method does not change the market, it will only get you the 
high end of the current market value on the day YOU HAVE SELECTED to 
sell your home.

And it will accomplish that task every single time--provided you make 
absolutely clear that you are REALLY going to sell the home Sunday night 
to the high bidder.

If you fudge this issue, you cannot expect real buyers to give you their 
best bids.

There is absolutely nothing The 5-Day Method, or any other method, can 
do to make your home magically become worth what you paid for it, if it 
is currently worth less.

You must deal with the problem immediately--the sooner the 
better--before things get worse.  (And they will get worse because you 
will continue to incur mortgage, tax, insurance, and maintenance costs.)

So, if the high bid is not sufficient to pay off your mortgage, and you 
are unwilling to make up the difference, you march your buyer down to 
the bank and ask the bank what they want to do.

If the bank and buyer can't work something out between them, then the 
bank has, in effect, outbid the high bidder, and you have sold your home 
to the bank on Sunday night. 

Either way, you sell your home to the high bidder Sunday night, and get 
on with your life.

I would be a rich man if I had a nickel for every seller who came to me 
6 months after turning down the high bid on Sunday night to ask how it 
is possible to sell for the amount refused previously.

If you think things will be better 6 months from now, run your 5-Day 
Sale 6 months from now.  If you think it will be better to sell now, run 
your 5-Day Sale now.  Either way--follow the 5-Day Method EXACTLY and 
you will get the most you can get on the day you picked.

Without ever lying, or doing anything in the smallest way unethical.

Bill Effros, Author



Paul R. Schechter wrote:
>
> Hi Bill,
>
>  
>
> I am one of those people who are concerned with the statement "will be 
> sold Sunday night to the high bidder".  I see in your response below 
> you advocate the statement never be a lie by selling it to the high 
> bidder "no matter what the final bid".  How can you maintain that 
> position if the high bid is not enough to payoff the loan(s)?
>
>  
>
> There are responses in this forum from people who have been in this 
> situation and had to tell the high bidder their bid was not enough.  
> They claim the high bidder understood the situation and increased 
> their bid; to me, this is unethical & hard to swallow.
>
>  
>
> Respectfully,
>
>  
>
> Paul
>
>  
>
> -----Original Message-----
> *From:* 
> 5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com 
> [mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com] 
> *On Behalf Of *Bill Effros
> *Sent:* Friday, January 02, 2009 11:04 AM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] Success Ratio
>
>  
>
> Keith,
>
> This is one I'll be hitting heavily as soon as I have the time.
>
> Here's the summary:
>
> The starting price in the ad is supposed to be 50% of what the seller 
> honestly believes is the current value. To put it another way, the 
> seller's implied reserve is double the starting price.
>
> The statement "will be sold Sunday night to the high bidder" should 
> never be a lie -- no matter what the final bid.
>
> I sell every home, every time -- the only escape clause is the 
> unstated stipulation that I must get 25 responses by Friday night. If 
> you can't find 25 people in three days who believe your home may 
> currently be worth twice the starting price, you should not proceed 
> with your inspection.
>
> If you do get 25 people by Friday night, and if you do run your open 
> house, and round-robin properly, you will get the high-end of the 
> current fair market value. Every single time.
>
> The problems come when people start weaseling about "what they will 
> really take"; or when they inflate the number of responses by 
> deploying clowns with cattle prods to round up the usual suspects.
>
> More on this to come, -- lots more.
>
> Bill Effros, author
>
> Keith R. Pinster wrote:
>
> Hi Bill,
>
>  
>
> What do you mean by "The implied reserve is double the starting 
> price"?  I think the problem most people are having is the "implied 
> lie" that you will sell the house for anything over the price in the 
> ad, so if they don't get enough, they think they are "lying" to the 
> public.  What are your thoughts on this?
>
>  
>
> Keith -- Vancouver, WA
>
>  
>
> ------------------------------------------------------------------------
>
> *From:* Bill Effros [mailto:bill at effros.com]
> *Sent:* Thursday, January 01, 2009 8:54 PM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] Success Ratio
>
>  
>
> Betty,
>
> I believe you will get more money for each sale if you don't use 
> undisclosed reserves.  The implied reserve is double the starting price.
>
> Have your fee placed in escrow before the sale (not legal 
> everywhere--what's the story in Missouri?)
>
> I assume you base your fee on a percentage of the selling price.  The 
> escrow amount should be double the starting price times your 
> percentage.  If your client fails to get the implied reserve, your fee 
> is your percentage of the actual selling price, and the client gets 
> back the difference from the escrow account.
>
> If the client throws in a "ringer" who is jacking up the price beyond 
> what anyone else will pay, the client still pays your fee based on the 
> shill's bid.  This tends tends to discourage this practice which 
> usually winds up with the seller buying the house and refusing to pay 
> a fee to the broker who did all the work.
>
> If the bank outbids every other buyer, you get your percentage of the 
> bank's price.
>
> The key to the implied reserve is the 25 responses by Friday night 
> rule.  If you fail to get 25 responses by Friday night, offering the 
> property for 50% of the implied reserve, that property is unlikely to 
> sell for more than the implied reserve, and you, as the broker, don't 
> have to waste your time and effort.
>
> Of course, since the client has to put up escrow money in advance, 
> there is an incentive to start with a low implied reserve.  This works 
> for everyone, as it makes it far more likely that the very low 
> starting price will attract a high number of potential buyers, and 
> that you will not be wasting your time when you set up the sale.  If 
> the property sells for more than double the starting price, you get 
> more than the escrow amount.
>
> Please note, I am absolutely sure you do not get a lower selling price 
> if you use a lower starting price.  You do more work, and see more 
> people who will not pay the top price, but the top price is the top 
> price no matter where you start.  This is true whether the seller has 
> equity in the property or not.
>
> The lower starting prices and lower implied reserve will ensure that 
> you don't lose 3 days setting up a sale that won't ever happen.  You 
> will do more work at each sale, but you should be able to increase 
> your success ratio to 100%.
>
> Bill Effros
>
>
>
> Betty Pauley wrote:
>
> My name is Betty Pauley, I am a Realtor in Columbia Missouri.
>  
> I have used this method six times, five of the six the homes were sold as a direct result of the sale.  I follow the book very closely, but also utilize the MLS and the Realtor Network.  Two of the five buyers were represented by a Realtor.  I put comments in the MLS remarks section giving information about the sale.  Other Realtors in the community are now starting to copy the method.  I am also getting referrals from other Realtors who do not want to use the method.
>  
> I make sure that there is equity in the property to pay my fee.  The one home that did not sell had no equity and wound up being reposessed.  I learned my lesson from that one. 
>  
> I place a small classified ad to run Wednesday thru Sunday, hold the home open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I purchased the sign package and put signs out everywhere.  If the owner is willing and available, I have them with me at the open houses to answer questions.  I also put the owners phone number on the sign and ad to take the calls. 
>  
> I make it very clear to all potential bidders that nothing is binding until it is in writing on either the buyers or sellers part.  I also state that there is an undisclosed reserve.  When asked what it is,  I just smile sweetly and say 'its undisclosed'....
>   
>  
>  
>  
>
>
> ------------------------------------------------------------------------
>
>
>  
>  
>  
> _______________________________________________
> 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  Sat Jan  3 10:46:31 2009
From: bill at effros.com (Bill Effros)
Date: Sat, 03 Jan 2009 10:46:31 -0500
Subject: [5-DayForum] Rental
In-Reply-To: <BLU141-W91ACBB5523718BD89D873D2E30@phx.gbl>
References: <BLU141-W20A272B5FC93AC32B76188D2E20@phx.gbl>	<03ca01c96cf9$986b86d0$0702a8c0@accentinc.com>
	<BLU141-W91ACBB5523718BD89D873D2E30@phx.gbl>
Message-ID: <495F8857.1000906@effros.com>

Yup,

The lower you start the more people you get.  You don't get any more 
money, you just work harder and fret less.  You have more people to pick 
from, but the high bid remains the same. 

Bill Effros



Patricia Lone wrote:
>
> *Patricia, Michigan, Seller/Landlord, in this day and age (for me), 
> that also equals HELPPP!! *
>
> So then what you're saying is that if a person wants, let's grab a 
> number out of the air, $800 a month for rent, they would advertise the 
> property for the 5 days with the rent starting at $400 per month?
>
> *Patricia Lone  *
> *
>            **"If you need help, ask God; If you don't, thank God."*
>
>
>
> ------------------------------------------------------------------------
> From: keith.pinster at comcast.net
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Fri, 2 Jan 2009 08:46:00 -0800
> Subject: Re: [5-DayForum] Rental
>
> I don?t think there is much more to this, Patricia.  Just use the same 
> method but instead of sale price, the prospects are bidding on the 
> monthly rent. 
>
>  
>
> Another thing I was thinking (and Bill, you might want to mention this 
> in the 4^th edition you?re putting together) is if you are trying to 
> setup a lease-option (something like Wendy Patten does) you can use 
> this same method for ether the monthly rent OR the option fee (or 
> maybe even some combination thereof).  It?s an intriguing idea, I 
> think, since lease-options might start becoming more prevalent.  Just 
> my 2 pennies.
>
>  
>
> Keith ? Vancouver, WA
>
>  
>
> ------------------------------------------------------------------------
>
> *From:* Patricia Lone [mailto:patricialone at hotmail.com]
> *Sent:* Thursday, January 01, 2009 9:21 PM
> *To:* 5-Day Forum
> *Subject:* Re: [5-DayForum] Lets Sort Ourselves Out
>
>  
>
> **Patricia****, Michigan****, Seller****/****Landlord.**
>
> **Hi Bill,***
>
> **Being a landlord, the thought of using the 5-day method to find 
> renters intrigues me.  Would you please expound on this?***
>
> **Patricia**
>
>  
>
> ------------------------------------------------------------------------
>
> Date: Thu, 1 Jan 2009 23:59:14 -0500
> From: bill at effros.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Lets Sort Ourselves Out
>
> Congratulations Danielle!
>
> Your excuse is better than mine.
>
> Thanks for your help while I was off the list.  You and the others 
> held it together and allowed it to continue growing.
>
> Do you rent in 5 days?
>
> It's a lot of work, too, but you'll get the highest rents from the 
> best tenants.
>
> Bill Effros
>
> PS -- a boy or a girl?
>
> Loveandmoney05 at aol.com <mailto:Loveandmoney05 at aol.com> wrote:
>
> Bill,
>
> Glad to "see" you again.  you have been missed.  i havent been on much 
> as i just had a baby and have been busy with that and getting some 
> properties rented.  I'm not selling for the time being.
>
> Danielle
>
>  
>
> In a message dated 1/1/2009 4:02:43 P.M. Eastern Standard Time, 
> bill at effros.com <mailto:bill at effros.com> writes:
>
>     This list is huge, and it's likely to become very active over the
>     next
>     several months.
>
>     Everyone's mailbox is going to bulge with 5-Day Forum postings.
>
>     Lets try to observe some strict rules.
>
>     1.  I won't permit any more posting to this list by non-members. 
>     If you
>     want to interact, you must sign up.
>
>     2.  If you sign up and want to leave, you've got to do it for
>     yourself!
>     It's the reverse of signing up.  I will post information on how to do
>     these things from time to time.
>
>     3. Learn how to use "filters" in your email program so that you
>     can move
>     5-DayForum email directly into the folder you will view it from,
>     without
>     clogging your In Box.  (Again, I will post for those who don't
>     already
>     know.)
>
>     4.  Put yourself into "Digest Mode" or "Vacation Mode" if you want to
>     retain your list privileges without receiving an overwhelming
>     amount of
>     daily email.
>
>     5.  Use the subject line so others can follow discussions.  Make sure
>     the subject line reflects the content.  Multiple short subjects are
>     better than huge documents that no one has the time to read all
>     the way
>     through.  (The exception is narrative descriptions of sales--Here
>     we ask
>     for the following format-- City-State-Day.  In my case that would be
>     Greenwich-Ct-Day 1.  Then you would tell in the body what happened
>     that
>     day, and people on the list could help you while your sale is in
>     progress.
>
>     6.  Let's announce who we are, and why we are here in every
>     email.  So,
>     I would be Bill Effros, Author.  And you might be Jane Doe,
>     Seller.  Or
>     Mike Smith, Buyer.  Or Bob Cole, Agent.  etc.  Again, this will allow
>     people to more easily sort through the daily email and the archives.
>
>     I'll formalize the things that work, and drop the things that don't.
>
>     Bill Effros, Author
>
>
>     _______________________________________________
>     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
>
>
>
> ------------------------------------------------------------------------
>
> New year...new news. Be the first to know what is making headlines 
> <http://www.aol.com/?ncid=emlcntaolcom00000026>.
>
>
>
> ------------------------------------------------------------------------
>
>
>  
> _______________________________________________
> 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
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> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From bill at effros.com  Sat Jan  3 11:01:40 2009
From: bill at effros.com (Bill Effros)
Date: Sat, 03 Jan 2009 11:01:40 -0500
Subject: [5-DayForum] Will Be Sold Sunday Night
In-Reply-To: <358872.31281.qm@web33407.mail.mud.yahoo.com>
References: <358872.31281.qm@web33407.mail.mud.yahoo.com>
Message-ID: <495F8BE4.7070608@effros.com>

Right, Tanya!

In your ad you stated "Will Be Sold Sunday Night to the Highest Bidder" 
-- you did not say you would sell it at the bid price.

While this may seem like "weaseling" to some, the fact of the matter is 
that you cannot sell your home without approval from the bank, and 
numerous other entities.  (If the bidder can't get a mortgage the sale 
won't go through, either -- or if there are discovered defects -- or if 
the home is destroyed prior to the sale -- etc. -- lots of 
contingencies. The high bidder may even get buyer's remorse and simply 
back away from the deal.  Nothing you can do about that, and certainly 
not an ethics issue.)

If the bank won't accept the bid price, you give the house to the bank, 
or the seller makes up the difference.  Either way, there is no ethical 
issue; there is no legal issue; all parties to the deal understand what 
they must do--and you sell your home on Sunday night, as advertised.

Invariably, everyone is satisfied with a fair deal--and the 5-Day Method 
will deliver a fair deal at the lowest possible cost in exactly 5-Days.

Bill Effros

PS -- Nobody ever challenges the ethics of traditional home sales.  The 
seller advertises a price in the paper.  A buyer offers the advertised 
price.  The seller may elect to refuse the bid.





Tanya Ginsberg wrote:
> I am one of those people for whom the high bid was not enough...  I can tell you that in my wildest dreams I did not think that the market had dropped so drastically in my area (at the time I sold my home) that I'd ever have to tell any bidder that the highest bid was not enough.
>
> The truth is, I'd never even considered the possibility that my home would sell for so much less than I'd anticipated, that I had not even come up with any reserve price prior to the sale.  I didn't think about it or do the math until I was down to the final two bidders and waiting for the 10 minute lag time to announce the final bid.
>
> I did fully intend to sell my home at the time of the sale and that is exactly what I did, even though I had to ask the highest bidders to come up in price a little.
>
> I was honest about everything, the buyers bought a fantastic home for a great price and we are both very happy with the way the transaction went.
>
> I'm having trouble seeing where you have an ethics issue here.
>
> Sincerely,
> Tanya  
> 1st time home seller using this method.
>
> --- On Fri, 1/2/09, Paul R. Schechter <p.schechter at verizon.net> wrote:
>
>   
>> From: Paul R. Schechter <p.schechter at verizon.net>
>> Subject: Re: [5-DayForum] Success Ratio
>> To: "'How To Sell Your Home in 5-Days'" <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Date: Friday, January 2, 2009, 9:00 PM
>> Hi Bill,
>>
>>  
>>
>> I am one of those people who are concerned with the
>> statement "will be sold
>> Sunday night to the high bidder".  I see in your
>> response below you advocate
>> the statement never be a lie by selling it to the high
>> bidder "no matter
>> what the final bid".  How can you maintain that
>> position if the high bid is
>> not enough to payoff the loan(s)?
>>
>>  
>>
>> There are responses in this forum from people who have been
>> in this
>> situation and had to tell the high bidder their bid was not
>> enough.  They
>> claim the high bidder understood the situation and
>> increased their bid; to
>> me, this is unethical & hard to swallow.
>>
>>  
>>
>> Respectfully,
>>
>>  
>>
>> Paul
>>
>>  
>>
>> -----Original Message-----
>> From:
>> 5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.
>> com
>> [mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhome
>> in5days.com] On Behalf Of Bill Effros
>> Sent: Friday, January 02, 2009 11:04 AM
>> To: How To Sell Your Home in 5-Days
>> Subject: Re: [5-DayForum] Success Ratio
>>
>>  
>>
>> Keith,
>>
>> This is one I'll be hitting heavily as soon as I have
>> the time.
>>
>> Here's the summary:
>>
>> The starting price in the ad is supposed to be 50% of what
>> the seller
>> honestly believes is the current value. To put it another
>> way, the seller's
>> implied reserve is double the starting price.
>>
>> The statement "will be sold Sunday night to the high
>> bidder" should never be
>> a lie -- no matter what the final bid.
>>
>> I sell every home, every time -- the only escape clause is
>> the unstated
>> stipulation that I must get 25 responses by Friday night.
>> If you can't find
>> 25 people in three days who believe your home may currently
>> be worth twice
>> the starting price, you should not proceed with your
>> inspection.
>>
>> If you do get 25 people by Friday night, and if you do run
>> your open house,
>> and round-robin properly, you will get the high-end of the
>> current fair
>> market value. Every single time.
>>
>> The problems come when people start weaseling about
>> "what they will really
>> take"; or when they inflate the number of responses by
>> deploying clowns with
>> cattle prods to round up the usual suspects.
>>
>> More on this to come, -- lots more.
>>
>> Bill Effros, author
>>
>> Keith R. Pinster wrote: 
>>
>> Hi Bill,
>>
>>  
>>
>> What do you mean by "The implied reserve is double the
>> starting price"?  I
>> think the problem most people are having is the
>> "implied lie" that you will
>> sell the house for anything over the price in the ad, so if
>> they don't get
>> enough, they think they are "lying" to the
>> public.  What are your thoughts
>> on this?
>>
>>  
>>
>> Keith - Vancouver, WA
>>
>>  
>>
>>   _____  
>>
>> From: Bill Effros [mailto:bill at effros.com] 
>> Sent: Thursday, January 01, 2009 8:54 PM
>> To: How To Sell Your Home in 5-Days
>> Subject: Re: [5-DayForum] Success Ratio
>>
>>  
>>
>> Betty,
>>
>> I believe you will get more money for each sale if you
>> don't use undisclosed
>> reserves.  The implied reserve is double the starting
>> price.
>>
>> Have your fee placed in escrow before the sale (not legal
>> everywhere--what's
>> the story in Missouri?)
>>
>> I assume you base your fee on a percentage of the selling
>> price.  The escrow
>> amount should be double the starting price times your
>> percentage.  If your
>> client fails to get the implied reserve, your fee is your
>> percentage of the
>> actual selling price, and the client gets back the
>> difference from the
>> escrow account.
>>
>> If the client throws in a "ringer" who is jacking
>> up the price beyond what
>> anyone else will pay, the client still pays your fee based
>> on the shill's
>> bid.  This tends tends to discourage this practice which
>> usually winds up
>> with the seller buying the house and refusing to pay a fee
>> to the broker who
>> did all the work.
>>
>> If the bank outbids every other buyer, you get your
>> percentage of the bank's
>> price.
>>
>> The key to the implied reserve is the 25 responses by
>> Friday night rule.  If
>> you fail to get 25 responses by Friday night, offering the
>> property for 50%
>> of the implied reserve, that property is unlikely to sell
>> for more than the
>> implied reserve, and you, as the broker, don't have to
>> waste your time and
>> effort.
>>
>> Of course, since the client has to put up escrow money in
>> advance, there is
>> an incentive to start with a low implied reserve.  This
>> works for everyone,
>> as it makes it far more likely that the very low starting
>> price will attract
>> a high number of potential buyers, and that you will not be
>> wasting your
>> time when you set up the sale.  If the property sells for
>> more than double
>> the starting price, you get more than the escrow amount.
>>
>> Please note, I am absolutely sure you do not get a lower
>> selling price if
>> you use a lower starting price.  You do more work, and see
>> more people who
>> will not pay the top price, but the top price is the top
>> price no matter
>> where you start.  This is true whether the seller has
>> equity in the property
>> or not.
>>
>> The lower starting prices and lower implied reserve will
>> ensure that you
>> don't lose 3 days setting up a sale that won't ever
>> happen.  You will do
>> more work at each sale, but you should be able to increase
>> your success
>> ratio to 100%.
>>
>> Bill Effros
>>
>>
>>
>> Betty Pauley wrote: 
>>
>> My name is Betty Pauley, I am a Realtor in Columbia
>> Missouri.
>>  
>> I have used this method six times, five of the six the
>> homes were sold as a
>> direct result of the sale.  I follow the book very closely,
>> but also utilize
>> the MLS and the Realtor Network.  Two of the five buyers
>> were represented by
>> a Realtor.  I put comments in the MLS remarks section
>> giving information
>> about the sale.  Other Realtors in the community are now
>> starting to copy
>> the method.  I am also getting referrals from other
>> Realtors who do not want
>> to use the method.
>>  
>> I make sure that there is equity in the property to pay my
>> fee.  The one
>> home that did not sell had no equity and wound up being
>> reposessed.  I
>> learned my lesson from that one. 
>>  
>> I place a small classified ad to run Wednesday thru Sunday,
>> hold the home
>> open 10-6 on Sat and Sunday, start the Round Robin at 7:00
>> on Sunday.  I
>> purchased the sign package and put signs out everywhere. 
>> If the owner is
>> willing and available, I have them with me at the open
>> houses to answer
>> questions.  I also put the owners phone number on the sign
>> and ad to take
>> the calls. 
>>  
>> I make it very clear to all potential bidders that nothing
>> is binding until
>> it is in writing on either the buyers or sellers part.  I
>> also state that
>> there is an undisclosed reserve.  When asked what it is,  I
>> just smile
>> sweetly and say 'its undisclosed'....
>>   
>>  
>>  
>>  
>>
>>
>>
>>
>>
>>   _____  
>>
>>
>>
>>  
>>  
>>  
>> _______________________________________________
>> 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 jcrafor at hotmail.com  Sat Jan  3 11:19:00 2009
From: jcrafor at hotmail.com (j crafor)
Date: Sat, 3 Jan 2009 16:19:00 +0000
Subject: [5-DayForum] Success Ratio
In-Reply-To: <358872.31281.qm@web33407.mail.mud.yahoo.com>
References: <004701c96d4f$6eeb5410$0301a8c0@PRSDimension>
	<358872.31281.qm@web33407.mail.mud.yahoo.com>
Message-ID: <BAY135-W338B5F2ECA3E7ED95867D3AEE30@phx.gbl>


> Date: Fri, 2 Jan 2009 22:22:18 -0800What was your desired price, what did you accept? 
JCrafaor
 
 
> From: tlginsberg at yahoo.com> To: 5-dayforum at mailman.howtosellyourhomein5days.com> Subject: Re: [5-DayForum] Success Ratio> > I am one of those people for whom the high bid was not enough... I did not think that the market had dropped so drastically ... that I'd ever have to tell any bidder that the highest bid was not enough. I did fully intend to sell my home at the time of the sale and that is exactly what I did, even though I had to ask the highest bidders to come up in price a little.> > I was honest about everything, the buyers bought a fantastic home for a great price and we are both very happy with the way the transaction went.> Tanya > 1st time home seller using this method._____ 
_________________________________________________________________
It?s the same Hotmail?. If by ?same? you mean up to 70% faster.
http://windowslive.com/online/hotmail?ocid=TXT_TAGLM_WL_hotmail_acq_broad1_122008
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From tlginsberg at yahoo.com  Sat Jan  3 12:57:23 2009
From: tlginsberg at yahoo.com (Tanya Ginsberg)
Date: Sat, 3 Jan 2009 09:57:23 -0800 (PST)
Subject: [5-DayForum] Success Ratio
In-Reply-To: <BAY135-W338B5F2ECA3E7ED95867D3AEE30@phx.gbl>
Message-ID: <782453.2510.qm@web33405.mail.mud.yahoo.com>

Initially I thought my home would sell for around 375-400.  I settled at 300 and was very happy to have done so.  

After the fact, I contacted a realtor friend who looked for comps for me too see how badly I'd done, but there had been nothing sold at all for 30 days prior to my sale.  I consider myself lucky.
Tanya


--- On Sat, 1/3/09, j crafor <jcrafor at hotmail.com> wrote:

> From: j crafor <jcrafor at hotmail.com>
> Subject: Re: [5-DayForum] Success Ratio
> To: "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Saturday, January 3, 2009, 10:19 AM
> > Date: Fri, 2 Jan 2009 22:22:18 -0800What was your
> desired price, what did you accept? 
> JCrafaor
>  
>  
> > From: tlginsberg at yahoo.com> To:
> 5-dayforum at mailman.howtosellyourhomein5days.com> Subject:
> Re: [5-DayForum] Success Ratio> > I am one of those
> people for whom the high bid was not enough... I did not
> think that the market had dropped so drastically ... that
> I'd ever have to tell any bidder that the highest bid
> was not enough. I did fully intend to sell my home at the
> time of the sale and that is exactly what I did, even though
> I had to ask the highest bidders to come up in price a
> little.> > I was honest about everything, the buyers
> bought a fantastic home for a great price and we are both
> very happy with the way the transaction went.> Tanya >
> 1st time home seller using this method._____ 
> _________________________________________________________________
> It?s the same Hotmail?. If by ?same? you mean up to
> 70% faster.
> http://windowslive.com/online/hotmail?ocid=TXT_TAGLM_WL_hotmail_acq_broad1_122008_______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


      


From bill at effros.com  Sat Jan  3 14:13:34 2009
From: bill at effros.com (Bill Effros)
Date: Sat, 03 Jan 2009 14:13:34 -0500
Subject: [5-DayForum] Tanya Ginsberg
In-Reply-To: <782453.2510.qm@web33405.mail.mud.yahoo.com>
References: <782453.2510.qm@web33405.mail.mud.yahoo.com>
Message-ID: <495FB8DE.4050701@effros.com>

Tanya,

Thanks for sticking around to share details with others.  You can't 
imagine (or maybe you can) how valuable this is to people who have never 
run a 5-Day Sale.

I would guess your implied reserve was $400,000, and that you offered 
your home for $199,500 or best offer.

That is still a huge discount on a home that actually sells for 
$300,000, and is the reason I insist on starting at 50% of what you 
think your home is currently worth.  Almost everyone thinks their home 
is currently worth more than it is really worth.  This is just as true 
in good times as bad.

It doesn't matter if you start your home too low -- you will still get 
the same final bid, you will just get more responses, and do more work.  
You will surely get 25 responses by Friday night, and it won't be a 
nail-biter.  In all likelihood, you will get your implied reserve, or more.

But, as the starting price gets closer and closer to the actual value, 
the number and quality of responses starts to decline. You can no longer 
be SURE you will get 3 real buyers bidding against each other.  And, 
buyers familiar with the 5-Day Method will immediately know that you do 
not understand the current value of your property, so they will be less 
likely to give you fair bids.  They will expect that you won't know the 
bids are good, and that you will want to negotiate a higher bid, so they 
hold back their best bid.

You were lucky to be able to figure out the true value of your home so 
quickly after a disappointing final bid.  Most people allow this 
opportunity to slip through their fingers.  You didn't.  That part was 
not luck.

Bill Effros







Tanya Ginsberg wrote:
> Initially I thought my home would sell for around 375-400.  I settled at 300 and was very happy to have done so.  
>
> After the fact, I contacted a realtor friend who looked for comps for me too see how badly I'd done, but there had been nothing sold at all for 30 days prior to my sale.  I consider myself lucky.
> Tanya
>
>
> --- On Sat, 1/3/09, j crafor <jcrafor at hotmail.com> wrote:
>
>   
>> From: j crafor <jcrafor at hotmail.com>
>> Subject: Re: [5-DayForum] Success Ratio
>> To: "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
>> Date: Saturday, January 3, 2009, 10:19 AM
>>     
>>> Date: Fri, 2 Jan 2009 22:22:18 -0800What was your
>>>       
>> desired price, what did you accept? 
>> JCrafaor
>>  
>>  
>>     
>>> From: tlginsberg at yahoo.com> To:
>>>       
>> 5-dayforum at mailman.howtosellyourhomein5days.com> Subject:
>> Re: [5-DayForum] Success Ratio> > I am one of those
>> people for whom the high bid was not enough... I did not
>> think that the market had dropped so drastically ... that
>> I'd ever have to tell any bidder that the highest bid
>> was not enough. I did fully intend to sell my home at the
>> time of the sale and that is exactly what I did, even though
>> I had to ask the highest bidders to come up in price a
>> little.> > I was honest about everything, the buyers
>> bought a fantastic home for a great price and we are both
>> very happy with the way the transaction went.> Tanya >
>> 1st time home seller using this method._____ 
>> _________________________________________________________________
>> It?s the same Hotmail?. If by ?same? you mean up to
>> 70% faster.
>> http://windowslive.com/online/hotmail?ocid=TXT_TAGLM_WL_hotmail_acq_broad1_122008_______________________________________________
>> 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 mhh at sio.midco.net  Sat Jan  3 14:43:23 2009
From: mhh at sio.midco.net (Mike Huber)
Date: Sat, 3 Jan 2009 13:43:23 -0600
Subject: [5-DayForum] Sell to Highest Bidder
Message-ID: <879da5d00901031143m23d2b7d1vfdba26ac04d290cf@mail.gmail.com>

I have the same issue as Paul in being honest about the saying "the house
will sell to the highest bidder", when in reality there is a reserve.  When
sharing a little about this method with family members and others to help me
out, that was their first concern; being honest and up front.  In all ways
besides this one it seems this is an up front approach.

Mike Huber
Planning to sell soon.
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From kperry07 at insightbb.com  Sat Jan  3 14:20:19 2009
From: kperry07 at insightbb.com (KRISTEN PERRY)
Date: Sat, 03 Jan 2009 14:20:19 -0500
Subject: [5-DayForum] looking for advice about selling in Michigan
Message-ID: <fc6fafe2b726.495f7423@insightbb.com>


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I?m new to
this forum and am interested in some advice. I own a home in Lansing,
Michigan, but moved to Kentucky a year and a half ago for work. I have
tried to sell the house with a realtor, but without much luck; the house is
currently rented. I am looking for another sale method, have read the 5-day
sale method book, and am intrigued. However, I have concerns about this. Given
the state of the auto industry in Lansing on top
of the general economic malaise, the housing market in Lansing is truly awful. A couple of months
ago, there were more than 15 houses for sale on my street alone, and many of
the houses were foreclosures. Most of the people I?ve talked to are looking for
good foreclosure deals and ?short sales?. As a result, I?m concerned that
advertising my house for half of what it?s worth won?t work in this situation?I?m
worried that people will think it?s a foreclosure. Since the house is rented, I
don?t need to sell at foreclosure prices, but I really don?t want to own this
house any more, either. Any thoughts?
ThanksKristen Perry



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From tlginsberg at yahoo.com  Sat Jan  3 16:42:19 2009
From: tlginsberg at yahoo.com (Tanya Ginsberg)
Date: Sat, 3 Jan 2009 13:42:19 -0800 (PST)
Subject: [5-DayForum] Tanya Ginsberg
In-Reply-To: <495FB8DE.4050701@effros.com>
Message-ID: <601390.88398.qm@web33406.mail.mud.yahoo.com>

As someone who had not run a 5-day before, I was terrified about the process and very anxious in the beginning.  But, I found after people started showing up, and after explaining the process several times, I really enjoyed it.

Legitimate buyers really appreciate the honesty and the method of sale and the lookers enjoyed looking and asking questions.  Unlike the traditional process, you really get to know your buyers and I would be surprised if you (Bill) didn't get some additional book sales from it because the sale method really made sense to most of the people that stopped in.

I cannot thank you enough for putting your practice in writing for the rest of us.  It was a great experience. 
 
P.S. My father, who owns a sizable commercial real estate firm, didn't think it would work.  That made me even happier.  He's a believer now!



--- On Sat, 1/3/09, Bill Effros <bill at effros.com> wrote:

> From: Bill Effros <bill at effros.com>
> Subject: [5-DayForum] Tanya Ginsberg
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Saturday, January 3, 2009, 1:13 PM
> Tanya,
> 
> Thanks for sticking around to share details with others. 
> You can't imagine (or maybe you can) how valuable this
> is to people who have never run a 5-Day Sale.
> 
> I would guess your implied reserve was $400,000, and that
> you offered your home for $199,500 or best offer.
> 
> That is still a huge discount on a home that actually sells
> for $300,000, and is the reason I insist on starting at 50%
> of what you think your home is currently worth.  Almost
> everyone thinks their home is currently worth more than it
> is really worth.  This is just as true in good times as bad.
> 
> It doesn't matter if you start your home too low -- you
> will still get the same final bid, you will just get more
> responses, and do more work.  You will surely get 25
> responses by Friday night, and it won't be a nail-biter.
>  In all likelihood, you will get your implied reserve, or
> more.
> 
> But, as the starting price gets closer and closer to the
> actual value, the number and quality of responses starts to
> decline. You can no longer be SURE you will get 3 real
> buyers bidding against each other.  And, buyers familiar
> with the 5-Day Method will immediately know that you do not
> understand the current value of your property, so they will
> be less likely to give you fair bids.  They will expect that
> you won't know the bids are good, and that you will want
> to negotiate a higher bid, so they hold back their best bid.
> 
> You were lucky to be able to figure out the true value of
> your home so quickly after a disappointing final bid.  Most
> people allow this opportunity to slip through their fingers.
>  You didn't.  That part was not luck.
> 
> Bill Effros
> 
> 
> 
> 
> 
> 
> 
> Tanya Ginsberg wrote:
> > Initially I thought my home would sell for around
> 375-400.  I settled at 300 and was very happy to have done
> so.  
> > After the fact, I contacted a realtor friend who
> looked for comps for me too see how badly I'd done, but
> there had been nothing sold at all for 30 days prior to my
> sale.  I consider myself lucky.
> > Tanya
> > 
> > 
> > --- On Sat, 1/3/09, j crafor
> <jcrafor at hotmail.com> wrote:
> > 
> >   
> >> From: j crafor <jcrafor at hotmail.com>
> >> Subject: Re: [5-DayForum] Success Ratio
> >> To: "5-dayforum at mailman.how tosellyour
> home"
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> >> Date: Saturday, January 3, 2009, 10:19 AM
> >>     
> >>> Date: Fri, 2 Jan 2009 22:22:18 -0800What was
> your
> >>>       
> >> desired price, what did you accept? JCrafaor
> >>       
> >>> From: tlginsberg at yahoo.com> To:
> >>>       
> >>
> 5-dayforum at mailman.howtosellyourhomein5days.com> Subject:
> >> Re: [5-DayForum] Success Ratio> > I am one
> of those
> >> people for whom the high bid was not enough... I
> did not
> >> think that the market had dropped so drastically
> ... that
> >> I'd ever have to tell any bidder that the
> highest bid
> >> was not enough. I did fully intend to sell my home
> at the
> >> time of the sale and that is exactly what I did,
> even though
> >> I had to ask the highest bidders to come up in
> price a
> >> little.> > I was honest about everything,
> the buyers
> >> bought a fantastic home for a great price and we
> are both
> >> very happy with the way the transaction went.>
> Tanya >
> >> 1st time home seller using this method._____
> _________________________________________________________________
> >> It?s the same Hotmail?. If by ?same? you
> mean up to
> >> 70% faster.
> >>
> http://windowslive.com/online/hotmail?ocid=TXT_TAGLM_WL_hotmail_acq_broad1_122008_______________________________________________
> >> 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 rcutcher at austin.rr.com  Sat Jan  3 22:43:22 2009
From: rcutcher at austin.rr.com (RC Cutcher)
Date: Sat, 3 Jan 2009 21:43:22 -0600
Subject: [5-DayForum] Realtor Strategies
Message-ID: <000a01c96e1e$9823ff60$0201a8c0@RCCutcher>

Liz,

Thanks for taking the time to explain much better than I the strategy of Selling, then buying and figuring the total outcome of dollars won or lost. ... again, I would offer up that very few of these type of transactions which result in two transactions ever get reported on this List.  Maybe some of the folks figure nobody is really interested in their Buy side. 

Also, I agree with you that  many things in the 5-Day book cannot be succesfully used by Realtors. The book strategy is  meant for FSBO's, so I'm not quite sure why so many Realtors can't simply make some critical choices to revise their own program.   And to me, the book  seems aimed at  the type of individual who made straight A's in school and who is prepared to do a ton of homework before the big test.

The basic Express Sale that I have developed and that I  recommend to Realtors in Central Texas is to take the lowest possible price acceptable to the Seller and then remove all the usual costs expected by most Buyers to be paid by the Seller, which includes title insurance, survey, and the 1 yr home warranty, etc.   Then I subtract the Commision, then whatever is left  becomes the initial starting price for my Sellers. 

I don't use signs,  no ads other than the MLS,  and no   Sunday night bid. 

I don't think I can remember any recent properties that I have had less than 10 written offers in the first 7-8 Days. It works for me. 

 Good luck on your Sales!

RC Cutcher 
Realtor, ABR
www.austintexashomes.com
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From jcrafor at hotmail.com  Sun Jan  4 12:19:14 2009
From: jcrafor at hotmail.com (j crafor)
Date: Sun, 4 Jan 2009 17:19:14 +0000
Subject: [5-DayForum] bidding question
In-Reply-To: <000a01c96e1e$9823ff60$0201a8c0@RCCutcher>
References: <000a01c96e1e$9823ff60$0201a8c0@RCCutcher>
Message-ID: <BAY135-W39AC113D1920FA3365E89DAEE00@phx.gbl>


I hope there's someone here now--
Got a question this AM about integrity of bids:
How do I know the round robin bids are honest, that the high bid really is the high bid, that the seller is not lying to me so I bid higher?
 
I can't find that in the book or in my notes. How do I respond to that person?
 
Thanks,
JCrafor



_________________________________________________________________
It?s the same Hotmail?. If by ?same? you mean up to 70% faster.
http://windowslive.com/online/hotmail?ocid=TXT_TAGLM_WL_hotmail_acq_broad1_122008
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From jcrafor at hotmail.com  Sun Jan  4 12:38:13 2009
From: jcrafor at hotmail.com (j crafor)
Date: Sun, 4 Jan 2009 17:38:13 +0000
Subject: [5-DayForum] bidding question
In-Reply-To: <BAY135-W39AC113D1920FA3365E89DAEE00@phx.gbl>
References: <000a01c96e1e$9823ff60$0201a8c0@RCCutcher>
	<BAY135-W39AC113D1920FA3365E89DAEE00@phx.gbl>
Message-ID: <BAY135-W435A1F4168C14EA0F040CAAEE00@phx.gbl>


The only thing I've seen is p 307--to tell the bideders to keep their own bid sheet, when they are called to ask how many are in the bidding, and how much each has bid. 
is there a better phone response? 



From: jcrafor at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Sun, 4 Jan 2009 17:19:14 +0000Subject: Re: [5-DayForum] bidding question

I hope there's someone here now--Got a question this AM about integrity of bids:How do I know the round robin bids are honest, that the high bid really is the high bid, that the seller is not lying to me so I bid higher? I can't find that in the book or in my notes. How do I respond to that person? Thanks,JCrafor







It?s the same Hotmail?. If by ?same? you mean up to 70% faster. Get your account now.
_________________________________________________________________
Life on your PC is safer, easier, and more enjoyable with Windows Vista?. 
http://clk.atdmt.com/MRT/go/127032870/direct/01/
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From bill at effros.com  Sun Jan  4 12:44:04 2009
From: bill at effros.com (Bill Effros)
Date: Sun, 04 Jan 2009 12:44:04 -0500
Subject: [5-DayForum] bidding question
In-Reply-To: <BAY135-W39AC113D1920FA3365E89DAEE00@phx.gbl>
References: <000a01c96e1e$9823ff60$0201a8c0@RCCutcher>
	<BAY135-W39AC113D1920FA3365E89DAEE00@phx.gbl>
Message-ID: <4960F564.2050507@effros.com>

They can't know.

Either they trust you, or they don't.

If they don't trust you they should not participate in the Round Robin 
at all.

If they do trust you, they should never bid more than they think the 
home is worth.

Sellers inevitably outbid the top bidder when they try to jack up the 
price.  Then they come back with a story.

If, after listening to the story, the buyer's bid is separated from the 
rest of the pack, the buyer should offer $500 more than the top bid in 
the pack--that's the most the home is worth on the day of the Round Robin.

Bill Effros
Author




j crafor wrote:
> I hope there's someone here now--
> Got a question this AM about integrity of bids:
> How do I know the round robin bids are honest, that the high bid 
> really is the high bid, that the seller is not lying to me so I bid 
> higher?
>  
> I can't find that in the book or in my notes. How do I respond to that 
> person?
>  
> Thanks,
> JCrafor
>
>
> ------------------------------------------------------------------------
>
>
> ------------------------------------------------------------------------
> It?s the same Hotmail?. If by ?same? you mean up to 70% faster. Get 
> your account now. 
> <http://windowslive.com/online/hotmail?ocid=TXT_TAGLM_WL_hotmail_acq_broad1_122008> 
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From gfgoss at gmail.com  Sun Jan  4 12:57:44 2009
From: gfgoss at gmail.com (Glenn Goss)
Date: Sun, 4 Jan 2009 12:57:44 -0500
Subject: [5-DayForum] bidding question
In-Reply-To: <4960F564.2050507@effros.com>
References: <000a01c96e1e$9823ff60$0201a8c0@RCCutcher>
	<BAY135-W39AC113D1920FA3365E89DAEE00@phx.gbl>
	<4960F564.2050507@effros.com>
Message-ID: <eae8cfd80901040957s63ebf0afs47bb110a9b9ac868@mail.gmail.com>

Please remove my email address from you email list.

On Sun, Jan 4, 2009 at 12:44 PM, Bill Effros <bill at effros.com> wrote:

>  They can't know.
>
> Either they trust you, or they don't.
>
> If they don't trust you they should not participate in the Round Robin at
> all.
>
> If they do trust you, they should never bid more than they think the home
> is worth.
>
> Sellers inevitably outbid the top bidder when they try to jack up the
> price.  Then they come back with a story.
>
> If, after listening to the story, the buyer's bid is separated from the
> rest of the pack, the buyer should offer $500 more than the top bid in the
> pack--that's the most the home is worth on the day of the Round Robin.
>
> Bill Effros
> Author
>
>
>
>
> j crafor wrote:
>
> I hope there's someone here now--
> Got a question this AM about integrity of bids:
> How do I know the round robin bids are honest, that the high bid really is
> the high bid, that the seller is not lying to me so I bid higher?
>
> I can't find that in the book or in my notes. How do I respond to that
> person?
>
> Thanks,
> JCrafor
>
>
> ------------------------------
>
>
> ------------------------------
> It's the same Hotmail(R). If by "same" you mean up to 70% faster. Get your
> account now.<http://windowslive.com/online/hotmail?ocid=TXT_TAGLM_WL_hotmail_acq_broad1_122008>
>
> ------------------------------
>
> _______________________________________________
> 5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://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 keith.pinster at comcast.net  Sun Jan  4 14:17:23 2009
From: keith.pinster at comcast.net (Keith R. Pinster)
Date: Sun, 4 Jan 2009 11:17:23 -0800
Subject: [5-DayForum] Sell to Highest Bidder
In-Reply-To: <879da5d00901031143m23d2b7d1vfdba26ac04d290cf@mail.gmail.com>
Message-ID: <048401c96ea1$12fe1040$0702a8c0@accentinc.com>

One other thing about this issue is that you make it very clear up front
that NOTHING IS BINDING until the paperwork is signed.  Yes, yes, yes, you
have "highest bidder" in the ad, but no one bids on the property without
being told UP FRONT that their bid is not biding to either of you until you
accept that bid.  With that concept explained CLEARLY to the bidders, I
don't see how anyone could say you aren't up front about the process.  If
you don't get 25 responses by Friday, you pull the action.  Does that mean
you "lied" in the ad too?  If the buyer can't get financing for a year, are
you still obligated to sell it to him/her?  There are too many contingencies
to specify every little detail in a 7 line ad.

 

I just think people are focused WAY too much on taking one line out of an ad
and out of context.

 

Keith P. - Vancouver, WA

 

  _____  

From: Mike Huber [mailto:mhh at sio.midco.net] 
Sent: Saturday, January 03, 2009 11:43 AM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Sell to Highest Bidder

 

I have the same issue as Paul in being honest about the saying "the house
will sell to the highest bidder", when in reality there is a reserve.  When
sharing a little about this method with family members and others to help me
out, that was their first concern; being honest and up front.  In all ways
besides this one it seems this is an up front approach.

 

Mike Huber

Planning to sell soon.

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From keith.pinster at comcast.net  Sun Jan  4 14:25:02 2009
From: keith.pinster at comcast.net (Keith R. Pinster)
Date: Sun, 4 Jan 2009 11:25:02 -0800
Subject: [5-DayForum] looking for advice about selling in Michigan
In-Reply-To: <fc6fafe2b726.495f7423@insightbb.com>
Message-ID: <048901c96ea2$248086d0$0702a8c0@accentinc.com>

Hi Kristen,

 

I'm sure Bill will respond to your questions about the 5-day sale method.
However, I have an alternative for you, if you either don't want to try that
or you just can't get the method to work for you.

 

That option is to lease-option the house.  This will get you out from under
having to deal with the maintenance and might push the sale out past the
hard economic times we are having.  You can make more money off the property
and be relieved of a lot of headaches with this.  If you have any questions
about it, feel free to contact me directly and I'll try to fill in the
blanks as best as I can.  Being from Michigan, you might have heard of Wendy
Patton.  She's the current guru on how to use this method of sale, if you'd
like to look up her website.  Just a thought.

 

Keith P - Vancouver, WA

 

  _____  

From: KRISTEN PERRY [mailto:kperry07 at insightbb.com] 
Sent: Saturday, January 03, 2009 11:20 AM
To: 5-dayforum at howtosellyourhomein5days.com
Subject: [5-DayForum] looking for advice about selling in Michigan

 

I'm new to this forum and am interested in some advice. I own a home in
Lansing, Michigan, but moved to Kentucky a year and a half ago for work. I
have tried to sell the house with a realtor, but without much luck; the
house is currently rented. I am looking for another sale method, have read
the 5-day sale method book, and am intrigued. However, I have concerns about
this. Given the state of the auto industry in Lansing on top of the general
economic malaise, the housing market in Lansing is truly awful. A couple of
months ago, there were more than 15 houses for sale on my street alone, and
many of the houses were foreclosures. Most of the people I've talked to are
looking for good foreclosure deals and "short sales". As a result, I'm
concerned that advertising my house for half of what it's worth won't work
in this situation-I'm worried that people will think it's a foreclosure.
Since the house is rented, I don't need to sell at foreclosure prices, but I
really don't want to own this house any more, either. Any thoughts?

 

Thanks

Kristen Perry



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From keith.pinster at comcast.net  Sun Jan  4 14:39:37 2009
From: keith.pinster at comcast.net (Keith R. Pinster)
Date: Sun, 4 Jan 2009 11:39:37 -0800
Subject: [5-DayForum] Realtor Strategies
In-Reply-To: <000a01c96e1e$9823ff60$0201a8c0@RCCutcher>
Message-ID: <048e01c96ea4$2e51e260$0702a8c0@accentinc.com>

Hi RC,

 

Don't you mean that you add those costs (seller responsibilities and your
commission) to the lowest acceptable price of the seller to get your
starting point?  If you subtract all those expenses, who would pay for them?
Just wanted to clarify.

 

 

  _____  

From: RC Cutcher [mailto:rcutcher at austin.rr.com] 
Sent: Saturday, January 03, 2009 7:43 PM
To: 5-dayforum at howtosellyourhomein5days.com
Subject: [5-DayForum] Realtor Strategies

 

Liz,

 

Thanks for taking the time to explain much better than I the strategy of
Selling, then buying and figuring the total outcome of dollars won or lost.
... again, I would offer up that very few of these type of transactions
which result in two transactions ever get reported on this List.  Maybe some
of the folks figure nobody is really interested in their Buy side. 

 

Also, I agree with you that  many things in the 5-Day book cannot be
succesfully used by Realtors. The book strategy is  meant for FSBO's, so I'm
not quite sure why so many Realtors can't simply make some critical choices
to revise their own program.   And to me, the book  seems aimed at  the type
of individual who made straight A's in school and who is prepared to do a
ton of homework before the big test.

 

The basic Express Sale that I have developed and that I  recommend to
Realtors in Central Texas is to take the lowest possible price acceptable to
the Seller and then remove all the usual costs expected by most Buyers to be
paid by the Seller, which includes title insurance, survey, and the 1 yr
home warranty, etc.   Then I subtract the Commision, then whatever is left
becomes the initial starting price for my Sellers. 

 

I don't use signs,  no ads other than the MLS,  and no   Sunday night bid. 

 

I don't think I can remember any recent properties that I have had less than
10 written offers in the first 7-8 Days. It works for me. 

 

 Good luck on your Sales!

 

RC Cutcher 

Realtor, ABR

www.austintexashomes.com

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From bill at effros.com  Sun Jan  4 16:11:08 2009
From: bill at effros.com (Bill Effros)
Date: Sun, 04 Jan 2009 16:11:08 -0500
Subject: [5-DayForum] Lease-Option
In-Reply-To: <048901c96ea2$248086d0$0702a8c0@accentinc.com>
References: <048901c96ea2$248086d0$0702a8c0@accentinc.com>
Message-ID: <496125EC.20504@effros.com>

Keith,

Lease options make no sense to me.

If you think the market will go up, lease until it does, if you can 
afford to do so. If you think it's going down, sell.

Don't try to construct a "heads I win/tails you lose" deal with a 
buyer/leaser who thinks he or she also has a "heads I win/tails you 
lose" deal.

No one will come out happy, and your property could come out much the 
worse for the wear.

Bill Effros, Author



Keith R. Pinster wrote:
>
> Hi Kristen,
>
>  
>
> I'm sure Bill will respond to your questions about the 5-day sale 
> method.  However, I have an alternative for you, if you either don't 
> want to try that or you just can't get the method to work for you.
>
>  
>
> That option is to lease-option the house.  This will get you out from 
> under having to deal with the maintenance and might push the sale out 
> past the hard economic times we are having.  You can make more money 
> off the property and be relieved of a lot of headaches with this.  If 
> you have any questions about it, feel free to contact me directly and 
> I'll try to fill in the blanks as best as I can.  Being from Michigan, 
> you might have heard of Wendy Patton.  She's the current guru on how 
> to use this method of sale, if you'd like to look up her website.  
> Just a thought.
>
>  
>
> Keith P -- Vancouver, WA
>
>  
>
> ------------------------------------------------------------------------
>
> *From:* KRISTEN PERRY [mailto:kperry07 at insightbb.com]
> *Sent:* Saturday, January 03, 2009 11:20 AM
> *To:* 5-dayforum at howtosellyourhomein5days.com
> *Subject:* [5-DayForum] looking for advice about selling in Michigan
>
>  
>
> I'm new to this forum and am interested in some advice. I own a home 
> in Lansing, Michigan, but moved to Kentucky a year and a half ago for 
> work. I have tried to sell the house with a realtor, but without much 
> luck; the house is currently rented. I am looking for another sale 
> method, have read the 5-day sale method book, and am intrigued. 
> However, I have concerns about this. Given the state of the auto 
> industry in Lansing on top of the general economic malaise, the 
> housing market in Lansing is truly awful. A couple of months ago, 
> there were more than 15 houses for sale on my street alone, and many 
> of the houses were foreclosures. Most of the people I've talked to are 
> looking for good foreclosure deals and "short sales". As a result, I'm 
> concerned that advertising my house for half of what it's worth won't 
> work in this situation---I'm worried that people will think it's a 
> foreclosure. Since the house is rented, I don't need to sell at 
> foreclosure prices, but I really don't want to own this house any 
> more, either. Any thoughts?
>
>  
>
> Thanks
>
> Kristen Perry
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 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  Sun Jan  4 16:26:43 2009
From: bill at effros.com (Bill Effros)
Date: Sun, 04 Jan 2009 16:26:43 -0500
Subject: [5-DayForum] looking for advice about selling in Michigan
In-Reply-To: <fc6fafe2b726.495f7423@insightbb.com>
References: <fc6fafe2b726.495f7423@insightbb.com>
Message-ID: <49612993.3020909@effros.com>

Kristen,

You are probably going to get killed, no matter what you do.

Your home is almost surely worth less now than it was a year and a half 
ago when you left it.

I don't believe things are going to get much better in Lansing, Michigan 
anytime soon. If you disagree, continue to rent and wait.

If you are prepared to take the current market value, the five-day 
method will get you the most you can get in the current market.

It doesn't matter what people think when they see your ad -- you will be 
advertising your home for less than any other home on your block and 
people will come to see it. They will immediately see it is not a 
foreclosure. You should be able to get more than people will currently 
pay for an identical house on the same block that has been foreclosed.

It's not a pretty picture. But it's realistic.

If you run the 5-Day Sale yourself, you can save the broker fee.

Don't start if you're not prepared to take what you can get. It's much 
less than you think.

Sorry to be so pessimistic about this, but I think we all must face the 
facts, and the sooner the better for our pocketbooks.

Bill Effros, author



KRISTEN PERRY wrote:
>
> I?m new to this forum and am interested in some advice. I own a home 
> in Lansing, Michigan, but moved to Kentucky a year and a half ago for 
> work. I have tried to sell the house with a realtor, but without much 
> luck; the house is currently rented. I am looking for another sale 
> method, have read the 5-day sale method book, and am intrigued. 
> However, I have concerns about this. Given the state of the auto 
> industry in Lansing on top of the general economic malaise, the 
> housing market in Lansing is truly awful. A couple of months ago, 
> there were more than 15 houses for sale on my street alone, and many 
> of the houses were foreclosures. Most of the people I?ve talked to are 
> looking for good foreclosure deals and ?short sales?. As a result, I?m 
> concerned that advertising my house for half of what it?s worth won?t 
> work in this situation?I?m worried that people will think it?s a 
> foreclosure. Since the house is rented, I don?t need to sell at 
> foreclosure prices, but I really don?t want to own this house any 
> more, either. Any thoughts?
>
>
> Thanks
>
> Kristen Perry
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From rcutcher at austin.rr.com  Sun Jan  4 20:07:13 2009
From: rcutcher at austin.rr.com (RC Cutcher)
Date: Sun, 4 Jan 2009 19:07:13 -0600
Subject: [5-DayForum]  Realtor Strategies
Message-ID: <000501c96ed1$f29d11d0$0201a8c0@RCCutcher>

Hi RC,

 

Don't you mean that you add those costs (seller responsibilities and your
commission) to the lowest acceptable price of the seller to get your
starting point?  If you subtract all those expenses, who would pay for them?
Just wanted to clarify.

 

Keith,
Well let me ask you a question about using the book method if you use the book?  When and how do you negotiate these costs?  The items I listed are all negotiable and buyers shouldn't make any assumptions about these extra fees, until the offer is negotiated.  

Who would pay for them you ask?  The agents can rebate all or part of their commissions toward these costs on most transactions, except VA.  The Seller can insist that the Buyer pay for all these costs including his or her agent's commission, if the overall terms don't satisfy the Seller.



RC Cutcher
Austin Texas Homes, LLC
www.austintexashomes.com
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From P.Schechter at verizon.net  Sun Jan  4 20:50:39 2009
From: P.Schechter at verizon.net (Paul R. Schechter)
Date: Sun, 04 Jan 2009 17:50:39 -0800
Subject: [5-DayForum] Will Be Sold Sunday Night
In-Reply-To: <495F87B5.9020401@effros.com>
References: <004701c96d4f$6eeb5410$0301a8c0@PRSDimension>
	<495F87B5.9020401@effros.com>
Message-ID: <008401c96ed8$0325a5c0$0970f140$@Schechter@verizon.net>

Bill,

 

Thanks for your reply.  You make good sense.  I guess the reality of
approaching my lender with less than what I owe was so unacceptable to me, I
had dismissed it as a possibility.  In these times, lenders are approached
with these deals frequently so I will have to get over my reluctance to face
that reality.

 

What are your experiences with homes in the million dollar range?  Does an
ad offering a property for $500k generate a lot of responses?

 

Paul

 

From:
5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.
com
[mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhome
in5days.com] On Behalf Of Bill Effros
Sent: Saturday, January 03, 2009 7:44 AM
To: How To Sell Your Home in 5-Days
Subject: [5-DayForum] Will Be Sold Sunday Night

 

Paul,

Outline answers for now, I will be filling in the blanks.

We can easily agree that "lying" is not the issue if, in fact, the seller
always sells to the highest bidder.

Your real issue is what to do if the seller is dissatisfied with the high
bid.

My answer is that you should not conduct a five-day sale unless you are
prepared to take the high bid.

The 5-Day Method does not change the market, it will only get you the high
end of the current market value on the day YOU HAVE SELECTED to sell your
home.

And it will accomplish that task every single time--provided you make
absolutely clear that you are REALLY going to sell the home Sunday night to
the high bidder.

If you fudge this issue, you cannot expect real buyers to give you their
best bids.

There is absolutely nothing The 5-Day Method, or any other method, can do to
make your home magically become worth what you paid for it, if it is
currently worth less.

You must deal with the problem immediately--the sooner the better--before
things get worse.  (And they will get worse because you will continue to
incur mortgage, tax, insurance, and maintenance costs.)

So, if the high bid is not sufficient to pay off your mortgage, and you are
unwilling to make up the difference, you march your buyer down to the bank
and ask the bank what they want to do.

If the bank and buyer can't work something out between them, then the bank
has, in effect, outbid the high bidder, and you have sold your home to the
bank on Sunday night.  

Either way, you sell your home to the high bidder Sunday night, and get on
with your life.

I would be a rich man if I had a nickel for every seller who came to me 6
months after turning down the high bid on Sunday night to ask how it is
possible to sell for the amount refused previously.

If you think things will be better 6 months from now, run your 5-Day Sale 6
months from now.  If you think it will be better to sell now, run your 5-Day
Sale now.  Either way--follow the 5-Day Method EXACTLY and you will get the
most you can get on the day you picked.

Without ever lying, or doing anything in the smallest way unethical.

Bill Effros, Author



Paul R. Schechter wrote: 

Hi Bill,

 

I am one of those people who are concerned with the statement "will be sold
Sunday night to the high bidder".  I see in your response below you advocate
the statement never be a lie by selling it to the high bidder "no matter
what the final bid".  How can you maintain that position if the high bid is
not enough to payoff the loan(s)?

 

There are responses in this forum from people who have been in this
situation and had to tell the high bidder their bid was not enough.  They
claim the high bidder understood the situation and increased their bid; to
me, this is unethical & hard to swallow.

 

Respectfully,

 

Paul

 

-----Original Message-----
From:
5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.
com
[mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhome
in5days.com] On Behalf Of Bill Effros
Sent: Friday, January 02, 2009 11:04 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Success Ratio

 

Keith,

This is one I'll be hitting heavily as soon as I have the time.

Here's the summary:

The starting price in the ad is supposed to be 50% of what the seller
honestly believes is the current value. To put it another way, the seller's
implied reserve is double the starting price.

The statement "will be sold Sunday night to the high bidder" should never be
a lie -- no matter what the final bid.

I sell every home, every time -- the only escape clause is the unstated
stipulation that I must get 25 responses by Friday night. If you can't find
25 people in three days who believe your home may currently be worth twice
the starting price, you should not proceed with your inspection.

If you do get 25 people by Friday night, and if you do run your open house,
and round-robin properly, you will get the high-end of the current fair
market value. Every single time.

The problems come when people start weaseling about "what they will really
take"; or when they inflate the number of responses by deploying clowns with
cattle prods to round up the usual suspects.

More on this to come, -- lots more.

Bill Effros, author

Keith R. Pinster wrote: 

Hi Bill,

 

What do you mean by "The implied reserve is double the starting price"?  I
think the problem most people are having is the "implied lie" that you will
sell the house for anything over the price in the ad, so if they don't get
enough, they think they are "lying" to the public.  What are your thoughts
on this?

 

Keith - Vancouver, WA

 

  _____  

From: Bill Effros [mailto:bill at effros.com] 
Sent: Thursday, January 01, 2009 8:54 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Success Ratio

 

Betty,

I believe you will get more money for each sale if you don't use undisclosed
reserves.  The implied reserve is double the starting price.

Have your fee placed in escrow before the sale (not legal everywhere--what's
the story in Missouri?)

I assume you base your fee on a percentage of the selling price.  The escrow
amount should be double the starting price times your percentage.  If your
client fails to get the implied reserve, your fee is your percentage of the
actual selling price, and the client gets back the difference from the
escrow account.

If the client throws in a "ringer" who is jacking up the price beyond what
anyone else will pay, the client still pays your fee based on the shill's
bid.  This tends tends to discourage this practice which usually winds up
with the seller buying the house and refusing to pay a fee to the broker who
did all the work.

If the bank outbids every other buyer, you get your percentage of the bank's
price.

The key to the implied reserve is the 25 responses by Friday night rule.  If
you fail to get 25 responses by Friday night, offering the property for 50%
of the implied reserve, that property is unlikely to sell for more than the
implied reserve, and you, as the broker, don't have to waste your time and
effort.

Of course, since the client has to put up escrow money in advance, there is
an incentive to start with a low implied reserve.  This works for everyone,
as it makes it far more likely that the very low starting price will attract
a high number of potential buyers, and that you will not be wasting your
time when you set up the sale.  If the property sells for more than double
the starting price, you get more than the escrow amount.

Please note, I am absolutely sure you do not get a lower selling price if
you use a lower starting price.  You do more work, and see more people who
will not pay the top price, but the top price is the top price no matter
where you start.  This is true whether the seller has equity in the property
or not.

The lower starting prices and lower implied reserve will ensure that you
don't lose 3 days setting up a sale that won't ever happen.  You will do
more work at each sale, but you should be able to increase your success
ratio to 100%.

Bill Effros



Betty Pauley wrote: 

My name is Betty Pauley, I am a Realtor in Columbia Missouri.
 
I have used this method six times, five of the six the homes were sold as a
direct result of the sale.  I follow the book very closely, but also utilize
the MLS and the Realtor Network.  Two of the five buyers were represented by
a Realtor.  I put comments in the MLS remarks section giving information
about the sale.  Other Realtors in the community are now starting to copy
the method.  I am also getting referrals from other Realtors who do not want
to use the method.
 
I make sure that there is equity in the property to pay my fee.  The one
home that did not sell had no equity and wound up being reposessed.  I
learned my lesson from that one. 
 
I place a small classified ad to run Wednesday thru Sunday, hold the home
open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I
purchased the sign package and put signs out everywhere.  If the owner is
willing and available, I have them with me at the open houses to answer
questions.  I also put the owners phone number on the sign and ad to take
the calls. 
 
I make it very clear to all potential bidders that nothing is binding until
it is in writing on either the buyers or sellers part.  I also state that
there is an undisclosed reserve.  When asked what it is,  I just smile
sweetly and say 'its undisclosed'....
  
 
 
 
 
 



  _____  



 
 
 
 
 
_______________________________________________
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 ronole at gmail.com  Mon Jan  5 02:03:15 2009
From: ronole at gmail.com (g_ron)
Date: Mon,  5 Jan 2009 01:03:15 -0600 (CST)
Subject: [5-DayForum] Check out this site
Message-ID: <20090105070315.D9CE95524E@109100-web1.realestateinvestor.com>

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From bill at effros.com  Mon Jan  5 12:15:32 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 05 Jan 2009 12:15:32 -0500
Subject: [5-DayForum] Will Be Sold Sunday Night
In-Reply-To: <008401c96ed8$0325a5c0$0970f140$@Schechter@verizon.net>
References: <004701c96d4f$6eeb5410$0301a8c0@PRSDimension>	<495F87B5.9020401@effros.com>
	<008401c96ed8$0325a5c0$0970f140$@Schechter@verizon.net>
Message-ID: <49624034.1030601@effros.com>

Paul,

If your home is worth $1 million, and you advertise it for $500,000, you 
will get more than 25 responses by Friday night. I live in Greenwich 
Connecticut where the average home price is still greater than $2 
million. We run 5-Day sales here all the time. Price is never the issue.

If you advertise a home for half its current value you will always get 
25 responses by Friday night. Most people who respond will not be able 
to afford your home whether it's a $20,000 home, or a $2 million home.  
But you will always attract 3 real buyers who know what your home is 
currently worth, and they will bid against each other.

If the appraiser your bank sent to determine the value of your home 
wildly overestimated its value, and there is no way you can make up the 
difference, then it's the bank's problem, not yours.  Let them decide 
what they are going to do next--you will sell it to the high bidder, 
exactly as stated in your ad--let the bank decide whose bid will be 
accepted.

It's really just as simple as that. 

If you run your 5-Day sale BY THE BOOK you will sell your home in 5 days 
for fair market value.

Bill Effros



Paul R. Schechter wrote:
>
> Bill,
>
>  
>
> Thanks for your reply.  You make good sense.  I guess the reality of 
> approaching my lender with less than what I owe was so unacceptable to 
> me, I had dismissed it as a possibility.  In these times, lenders are 
> approached with these deals frequently so I will have to get over my 
> reluctance to face that reality.
>
>  
>
> What are your experiences with homes in the million dollar range?  
> Does an ad offering a property for $500k generate a lot of responses?
>
>  
>
> Paul
>
>  
>
> *From:* 
> 5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com 
> [mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com] 
> *On Behalf Of *Bill Effros
> *Sent:* Saturday, January 03, 2009 7:44 AM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* [5-DayForum] Will Be Sold Sunday Night
>
>  
>
> Paul,
>
> Outline answers for now, I will be filling in the blanks.
>
> We can easily agree that "lying" is not the issue if, in fact, the 
> seller always sells to the highest bidder.
>
> Your real issue is what to do if the seller is dissatisfied with the 
> high bid.
>
> My answer is that you should not conduct a five-day sale unless you 
> are prepared to take the high bid.
>
> The 5-Day Method does not change the market, it will only get you the 
> high end of the current market value on the day YOU HAVE SELECTED to 
> sell your home.
>
> And it will accomplish that task every single time--provided you make 
> absolutely clear that you are REALLY going to sell the home Sunday 
> night to the high bidder.
>
> If you fudge this issue, you cannot expect real buyers to give you 
> their best bids.
>
> There is absolutely nothing The 5-Day Method, or any other method, can 
> do to make your home magically become worth what you paid for it, if 
> it is currently worth less.
>
> You must deal with the problem immediately--the sooner the 
> better--before things get worse.  (And they will get worse because you 
> will continue to incur mortgage, tax, insurance, and maintenance costs.)
>
> So, if the high bid is not sufficient to pay off your mortgage, and 
> you are unwilling to make up the difference, you march your buyer down 
> to the bank and ask the bank what they want to do.
>
> If the bank and buyer can't work something out between them, then the 
> bank has, in effect, outbid the high bidder, and you have sold your 
> home to the bank on Sunday night. 
>
> Either way, you sell your home to the high bidder Sunday night, and 
> get on with your life.
>
> I would be a rich man if I had a nickel for every seller who came to 
> me 6 months after turning down the high bid on Sunday night to ask how 
> it is possible to sell for the amount refused previously.
>
> If you think things will be better 6 months from now, run your 5-Day 
> Sale 6 months from now.  If you think it will be better to sell now, 
> run your 5-Day Sale now.  Either way--follow the 5-Day Method EXACTLY 
> and you will get the most you can get on the day you picked.
>
> Without ever lying, or doing anything in the smallest way unethical.
>
> Bill Effros, Author
>
>
>
> Paul R. Schechter wrote:
>
> Hi Bill,
>
>  
>
> I am one of those people who are concerned with the statement "will be 
> sold Sunday night to the high bidder".  I see in your response below 
> you advocate the statement never be a lie by selling it to the high 
> bidder "no matter what the final bid".  How can you maintain that 
> position if the high bid is not enough to payoff the loan(s)?
>
>  
>
> There are responses in this forum from people who have been in this 
> situation and had to tell the high bidder their bid was not enough.  
> They claim the high bidder understood the situation and increased 
> their bid; to me, this is unethical & hard to swallow.
>
>  
>
> Respectfully,
>
>  
>
> Paul
>
>  
>
> -----Original Message-----
> *From:* 
> 5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com 
> <mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com> 
> [mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com] 
> *On Behalf Of *Bill Effros
> *Sent:* Friday, January 02, 2009 11:04 AM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] Success Ratio
>
>  
>
> Keith,
>
> This is one I'll be hitting heavily as soon as I have the time.
>
> Here's the summary:
>
> The starting price in the ad is supposed to be 50% of what the seller 
> honestly believes is the current value. To put it another way, the 
> seller's implied reserve is double the starting price.
>
> The statement "will be sold Sunday night to the high bidder" should 
> never be a lie -- no matter what the final bid.
>
> I sell every home, every time -- the only escape clause is the 
> unstated stipulation that I must get 25 responses by Friday night. If 
> you can't find 25 people in three days who believe your home may 
> currently be worth twice the starting price, you should not proceed 
> with your inspection.
>
> If you do get 25 people by Friday night, and if you do run your open 
> house, and round-robin properly, you will get the high-end of the 
> current fair market value. Every single time.
>
> The problems come when people start weaseling about "what they will 
> really take"; or when they inflate the number of responses by 
> deploying clowns with cattle prods to round up the usual suspects.
>
> More on this to come, -- lots more.
>
> Bill Effros, author
>
> Keith R. Pinster wrote:
>
> Hi Bill,
>
>  
>
> What do you mean by "The implied reserve is double the starting 
> price"?  I think the problem most people are having is the "implied 
> lie" that you will sell the house for anything over the price in the 
> ad, so if they don't get enough, they think they are "lying" to the 
> public.  What are your thoughts on this?
>
>  
>
> Keith -- Vancouver, WA
>
>  
>
> ------------------------------------------------------------------------
>
> *From:* Bill Effros [mailto:bill at effros.com]
> *Sent:* Thursday, January 01, 2009 8:54 PM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] Success Ratio
>
>  
>
> Betty,
>
> I believe you will get more money for each sale if you don't use 
> undisclosed reserves.  The implied reserve is double the starting price.
>
> Have your fee placed in escrow before the sale (not legal 
> everywhere--what's the story in Missouri?)
>
> I assume you base your fee on a percentage of the selling price.  The 
> escrow amount should be double the starting price times your 
> percentage.  If your client fails to get the implied reserve, your fee 
> is your percentage of the actual selling price, and the client gets 
> back the difference from the escrow account.
>
> If the client throws in a "ringer" who is jacking up the price beyond 
> what anyone else will pay, the client still pays your fee based on the 
> shill's bid.  This tends tends to discourage this practice which 
> usually winds up with the seller buying the house and refusing to pay 
> a fee to the broker who did all the work.
>
> If the bank outbids every other buyer, you get your percentage of the 
> bank's price.
>
> The key to the implied reserve is the 25 responses by Friday night 
> rule.  If you fail to get 25 responses by Friday night, offering the 
> property for 50% of the implied reserve, that property is unlikely to 
> sell for more than the implied reserve, and you, as the broker, don't 
> have to waste your time and effort.
>
> Of course, since the client has to put up escrow money in advance, 
> there is an incentive to start with a low implied reserve.  This works 
> for everyone, as it makes it far more likely that the very low 
> starting price will attract a high number of potential buyers, and 
> that you will not be wasting your time when you set up the sale.  If 
> the property sells for more than double the starting price, you get 
> more than the escrow amount.
>
> Please note, I am absolutely sure you do not get a lower selling price 
> if you use a lower starting price.  You do more work, and see more 
> people who will not pay the top price, but the top price is the top 
> price no matter where you start.  This is true whether the seller has 
> equity in the property or not.
>
> The lower starting prices and lower implied reserve will ensure that 
> you don't lose 3 days setting up a sale that won't ever happen.  You 
> will do more work at each sale, but you should be able to increase 
> your success ratio to 100%.
>
> Bill Effros
>
>
>
> Betty Pauley wrote:
>
> My name is Betty Pauley, I am a Realtor in Columbia Missouri.
>  
> I have used this method six times, five of the six the homes were sold as a direct result of the sale.  I follow the book very closely, but also utilize the MLS and the Realtor Network.  Two of the five buyers were represented by a Realtor.  I put comments in the MLS remarks section giving information about the sale.  Other Realtors in the community are now starting to copy the method.  I am also getting referrals from other Realtors who do not want to use the method.
>  
> I make sure that there is equity in the property to pay my fee.  The one home that did not sell had no equity and wound up being reposessed.  I learned my lesson from that one. 
>  
> I place a small classified ad to run Wednesday thru Sunday, hold the home open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I purchased the sign package and put signs out everywhere.  If the owner is willing and available, I have them with me at the open houses to answer questions.  I also put the owners phone number on the sign and ad to take the calls. 
>  
> I make it very clear to all potential bidders that nothing is binding until it is in writing on either the buyers or sellers part.  I also state that there is an undisclosed reserve.  When asked what it is,  I just smile sweetly and say 'its undisclosed'....
>   
>  
>  
>  
>  
>  
> ------------------------------------------------------------------------
>
>
>   
>  
>  
>  
>  
>  
> _______________________________________________
> 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  Mon Jan  5 12:20:38 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 05 Jan 2009 12:20:38 -0500
Subject: [5-DayForum] Check out this site
In-Reply-To: <20090105070315.D9CE95524E@109100-web1.realestateinvestor.com>
References: <20090105070315.D9CE95524E@109100-web1.realestateinvestor.com>
Message-ID: <49624166.9030807@effros.com>

Idiotic!

These real estate investors are demonstrably wrong.  Everything they 
have been recommending for the past 10 years amounts to "How not to wind 
up with the hot potato when the music stops."

Well, the music has stopped, and NOBODY knows how to make it start again.

Bill Effros



g_ron wrote:
> http://www.realestateinvestor.com
>
> You should check out RealEstateInvestor.com 
> <http://upgrades.realestateinvestor.com>, it is an online community 
> that I just signed up with for free.
>
> It's a great place to network with real estate investors all around 
> the country and only takes a minute to register.
>
> If you hurry you will even receive a free copy of Think & Grow Rich by 
> Napoleon Hill just for signing 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 pthorn at nc.rr.com  Mon Jan  5 12:24:33 2009
From: pthorn at nc.rr.com (Peter Thorn)
Date: Mon, 5 Jan 2009 12:24:33 -0500
Subject: [5-DayForum] Hudson Invoice 04
Message-ID: <000501c96f5a$7a1b5080$6e51f180$@rr.com>

 

 

Pete Thorn

President

 

Peter Thorn Builders

PO Box 16104

Chapel Hill, NC  27516

 

Broker/Realtor

Keller Williams Chapel Hill

1516 E. Franklin Street, Suite 100

Chapel Hill, NC  27514

 

cell  919 619 6544

desk 919 968 3885

fax 919 967 8714

 

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From bill at effros.com  Mon Jan  5 12:34:31 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 05 Jan 2009 12:34:31 -0500
Subject: [5-DayForum] Hudson Invoice 04
In-Reply-To: <000501c96f5a$7a1b5080$6e51f180$@rr.com>
References: <000501c96f5a$7a1b5080$6e51f180$@rr.com>
Message-ID: <496244A7.1000507@effros.com>

Peter,

Glad you're still here.

Also useful to note that this forum passes PDF files.

(I set it all up a while ago, and I have forgotten which boxes I checked.)

What program do you use to convert to PDF?

Bill Effros, Author



Peter Thorn wrote:
>
>  
>
>  
>
> Pete Thorn
>
> President
>
>  
>
> Peter Thorn Builders
>
> PO Box 16104
>
> Chapel Hill, NC  27516
>
>  
>
> Broker/Realtor
>
> Keller Williams Chapel Hill
>
> 1516 E. Franklin Street, Suite 100
>
> Chapel Hill, NC  27514
>
>  
>
> cell  919 619 6544
>
> desk 919 968 3885
>
> fax 919 967 8714
>
>  
>
>
>
> __________ Information from ESET NOD32 Antivirus, version of virus 
> signature database 3739 (20090105) __________
>
> The message was checked by ESET NOD32 Antivirus.
>
> http://www.eset.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 pthorn at nc.rr.com  Mon Jan  5 13:01:49 2009
From: pthorn at nc.rr.com (Peter Thorn)
Date: Mon, 5 Jan 2009 13:01:49 -0500
Subject: [5-DayForum] Hudson Invoice 04
In-Reply-To: <496244A7.1000507@effros.com>
References: <000501c96f5a$7a1b5080$6e51f180$@rr.com>
	<496244A7.1000507@effros.com>
Message-ID: <000b01c96f5f$ae7e7870$0b7b6950$@rr.com>

Hi Bill,

 

Whoops!  Did Donna Hudson's invoice really hit the 5-day list-serve?

 

Adobe 7.0.  (8.0 was too complicated, so I changed back)

 

Are you really gone from the Rhodes list?  It seems to be improving (from my
viewpoint, anyway).  I think some people actually listen to elle and Mary
Lou.

 

PT

 

 

 

From:
5-dayforum-bounces+pthorn=nc.rr.com at mailman.howtosellyourhomein5days.com
[mailto:5-dayforum-bounces+pthorn=nc.rr.com at mailman.howtosellyourhomein5days
.com] On Behalf Of Bill Effros
Sent: Monday, January 05, 2009 12:35 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Hudson Invoice 04

 

Peter,

Glad you're still here.

Also useful to note that this forum passes PDF files.

(I set it all up a while ago, and I have forgotten which boxes I checked.)

What program do you use to convert to PDF?

Bill Effros, Author



Peter Thorn wrote: 

 

 

Pete Thorn

President

 

Peter Thorn Builders

PO Box 16104

Chapel Hill, NC  27516

 

Broker/Realtor

Keller Williams Chapel Hill

1516 E. Franklin Street, Suite 100

Chapel Hill, NC  27514

 

cell  919 619 6544

desk 919 968 3885

fax 919 967 8714

 



__________ Information from ESET NOD32 Antivirus, version of virus signature
database 3739 (20090105) __________

The message was checked by ESET NOD32 Antivirus.

http://www.eset.com



 



  _____  



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



__________ Information from ESET NOD32 Antivirus, version of virus signature
database 3739 (20090105) __________

The message was checked by ESET NOD32 Antivirus.

http://www.eset.com

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From bill at effros.com  Mon Jan  5 13:10:11 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 05 Jan 2009 13:10:11 -0500
Subject: [5-DayForum] Hudson Invoice 04
In-Reply-To: <000b01c96f5f$ae7e7870$0b7b6950$@rr.com>
References: <000501c96f5a$7a1b5080$6e51f180$@rr.com>	<496244A7.1000507@effros.com>
	<000b01c96f5f$ae7e7870$0b7b6950$@rr.com>
Message-ID: <49624D03.30903@effros.com>

I'm gone from the Rhodes list -- just talking to my friends back-channel.

Have you tried Open Office?

It exports very nice PDFs.

Bill Effros, Author, Sailor



Peter Thorn wrote:
>
> Hi Bill,
>
>  
>
> Whoops!  Did Donna Hudson's invoice really hit the 5-day list-serve?
>
>  
>
> Adobe 7.0.  (8.0 was too complicated, so I changed back)
>
>  
>
> Are you really gone from the Rhodes list?  It seems to be improving 
> (from my viewpoint, anyway).  I think some people actually listen to 
> elle and Mary Lou.
>
>  
>
> PT
>
>  
>
>  
>
>  
>
> *From:* 
> 5-dayforum-bounces+pthorn=nc.rr.com at mailman.howtosellyourhomein5days.com 
> [mailto:5-dayforum-bounces+pthorn=nc.rr.com at mailman.howtosellyourhomein5days.com] 
> *On Behalf Of *Bill Effros
> *Sent:* Monday, January 05, 2009 12:35 PM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] Hudson Invoice 04
>
>  
>
> Peter,
>
> Glad you're still here.
>
> Also useful to note that this forum passes PDF files.
>
> (I set it all up a while ago, and I have forgotten which boxes I checked.)
>
> What program do you use to convert to PDF?
>
> Bill Effros, Author
>
>
>
> Peter Thorn wrote:
>
>  
>
>  
>
> Pete Thorn
>
> President
>
>  
>
> Peter Thorn Builders
>
> PO Box 16104
>
> Chapel Hill, NC  27516
>
>  
>
> Broker/Realtor
>
> Keller Williams Chapel Hill
>
> 1516 E. Franklin Street, Suite 100
>
> Chapel Hill, NC  27514
>
>  
>
> cell  919 619 6544
>
> desk 919 968 3885
>
> fax 919 967 8714
>
>  
>
>
>
> __________ Information from ESET NOD32 Antivirus, version of virus 
> signature database 3739 (20090105) __________
>
> The message was checked by ESET NOD32 Antivirus.
>
> http://www.eset.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
>   
>
>
>
> __________ Information from ESET NOD32 Antivirus, version of virus 
> signature database 3739 (20090105) __________
>
> The message was checked by ESET NOD32 Antivirus.
>
> http://www.eset.com
>
>
>
> __________ Information from ESET NOD32 Antivirus, version of virus 
> signature database 3739 (20090105) __________
>
> The message was checked by ESET NOD32 Antivirus.
>
> http://www.eset.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 jcrafor at hotmail.com  Mon Jan  5 20:17:06 2009
From: jcrafor at hotmail.com (j crafor)
Date: Tue, 6 Jan 2009 01:17:06 +0000
Subject: [5-DayForum] bad credit ok?
In-Reply-To: <49624D03.30903@effros.com>
References: <000501c96f5a$7a1b5080$6e51f180$@rr.com>
	<496244A7.1000507@effros.com>	<000b01c96f5f$ae7e7870$0b7b6950$@rr.com> 
	<49624D03.30903@effros.com>
Message-ID: <BAY135-W5019D982D8218BD6A17320AEDE0@phx.gbl>


do we count the responses that ask if bad credit is okay?
And if the seller is financing?
_________________________________________________________________
Life on your PC is safer, easier, and more enjoyable with Windows Vista?. 
http://clk.atdmt.com/MRT/go/127032870/direct/01/
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From bill at effros.com  Mon Jan  5 21:28:32 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 05 Jan 2009 21:28:32 -0500
Subject: [5-DayForum] bad credit ok?
In-Reply-To: <BAY135-W5019D982D8218BD6A17320AEDE0@phx.gbl>
References: <000501c96f5a$7a1b5080$6e51f180$@rr.com>	<496244A7.1000507@effros.com>	<000b01c96f5f$ae7e7870$0b7b6950$@rr.com>
	<49624D03.30903@effros.com>
	<BAY135-W5019D982D8218BD6A17320AEDE0@phx.gbl>
Message-ID: <4962C1D0.1000501@effros.com>

Absolutely.

You are trying to gauge interest, not credit worthiness.

These people won't turn out to be the real buyers, anyhow, but they will 
drive the real buyers into the fair market value range.

Don't do seller financing, but still count them.  The real buyers will 
have the credit, and you won't get any more money from the people who 
ask about seller financing.

Bill Effros



j crafor wrote:
>
>
> do we count the responses that ask if bad credit is okay?
> And if the seller is financing?
>
> ------------------------------------------------------------------------
> Life on your PC is safer, easier, and more enjoyable with Windows 
> Vista?. See how <http://clk.atdmt.com/MRT/go/127032870/direct/01/>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From patricialone at hotmail.com  Mon Jan  5 22:26:24 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Mon, 5 Jan 2009 22:26:24 -0500
Subject: [5-DayForum] Conservatorship
Message-ID: <BLU141-W4216A3BA1CCC5AB55027F5D2DE0@phx.gbl>


Hi Bill,I am in a bit of a quandry and turmoil with my situation.  My father is quite aged and therefore I have become the conservator if his estate.  I have full authority from the courts to do anything, EXCEPT when selling real estate.  When a sale takes place I have to go to the court and get approval to sell the real estate.  Will the 5-day sale still work with this exception (and delay) in place? ...and please, share any other thoughts you have.  I really need some help to get all of my father's properties back up and running efficiently and profitably.  (I definitely want to sell some as quickly as I can (of course for the most I can get for them in this market and in their present condition).  Right now, there are just too many of them to manage appropriately.  I need help... Patricia Seller/Landlord           "If you need help, ask God; If you don't, thank God."
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From tgarter at comcast.net  Tue Jan  6 00:35:58 2009
From: tgarter at comcast.net (tgarter at comcast.net)
Date: Tue, 6 Jan 2009 05:35:58 +0000 (UTC)
Subject: [5-DayForum] Bill Effros on his 5 Day forum,
 not Realtors & Investors telling us how to sell homes.
In-Reply-To: <4962C1D0.1000501@effros.com>
Message-ID: <994909844.1959681231220158039.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>

Bill, 
I wanted to add my appreciation. Thank you for participating on the forum. I read your book and have been following this site for a few months. I became a believer when I read the book, but the professional realtors and investors had taken over the forum. It's nice to hear the author speak with authority. 
Sincerely, 
Tom Garter 


---- Original Message ----- 
From: "Bill Effros" <bill at effros.com> 
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> 
Sent: Monday, January 5, 2009 9:28:32 PM GMT -05:00 US/Canada Eastern 
Subject: Re: [5-DayForum] bad credit ok? 

Absolutely. 

You are trying to gauge interest, not credit worthiness. 

These people won't turn out to be the real buyers, anyhow, but they will drive the real buyers into the fair market value range. 

Don't do seller financing, but still count them. The real buyers will have the credit, and you won't get any more money from the people who ask about seller financing. 

Bill Effros 



j crafor wrote: 



do we count the responses that ask if bad credit is okay? 
And if the seller is financing? 


Life on your PC is safer, easier, and more enjoyable with Windows Vista?. See how 
_______________________________________________
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 patricialone at hotmail.com  Tue Jan  6 00:45:29 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Tue, 6 Jan 2009 00:45:29 -0500
Subject: [5-DayForum] Bill Effros on his 5 Day forum,
 not Realtors & Investors telling us how to sell homes.
In-Reply-To: <994909844.1959681231220158039.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
References: <4962C1D0.1000501@effros.com>
	<994909844.1959681231220158039.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
Message-ID: <BLU141-W36ACF0AF6252AE0276B0B3D2DE0@phx.gbl>


Very true Tom.  Realtors and Brokers have been in fear for their positions for quite some time now.  Many of them are grasping for straws to hang on... a great number of them have already gone under.  Realtors and Brokers have their place, but let their place be speaking in complete truth about the value of their positions.  People nowaday are getting more wise and willing to take more on themselves... for those who are not willing to take on the extra, that is the perfect place for realtors and brokers to lend a hand and see if they can do something to help out.  A great number of them fail there too, especially in todays market.Patricia   Seller/Landlord           "If you need help, ask God; If you don't, thank God."

Date: Tue, 6 Jan 2009 05:35:58 +0000From: tgarter at comcast.netTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] Bill Effros on his 5 Day forum, not Realtors & Investors telling us how to sell homes.


Bill,I wanted to add my appreciation.  Thank you for participating on the forum.  I read your book and have been following this site for a few months.  I became a believer when I read the book, but the professional realtors and investors had taken over the forum.  It's nice to hear the author speak with authority. Sincerely,Tom Garter---- Original Message -----From: "Bill Effros" <bill at effros.com>To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>Sent: Monday, January 5, 2009 9:28:32 PM GMT -05:00 US/Canada EasternSubject: Re: [5-DayForum] bad credit ok?Absolutely.You are trying to gauge interest, not credit worthiness.These people won't turn out to be the real buyers, anyhow, but they will drive the real buyers into the fair market value range.Don't do seller financing, but still count them.  The real buyers will have the credit, and you won't get any more money from the people who ask about seller financing.Bill Effrosj crafor wrote: 


do we count the responses that ask if bad credit is okay?And if the seller is financing?

Life on your PC is safer, easier, and more enjoyable with Windows Vista?. See how 
_______________________________________________
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 lili at lilioday.com  Tue Jan  6 08:46:55 2009
From: lili at lilioday.com (O'Day, Lili)
Date: Tue, 6 Jan 2009 08:46:55 -0500
Subject: [5-DayForum] Bill Effros on his 5 Day forum,
 not Realtors & Investors telling us how to sell homes.
In-Reply-To: <BLU141-W36ACF0AF6252AE0276B0B3D2DE0@phx.gbl>
Message-ID: <E8687DEB9C959E488879896C3F6D00110F7248E6@winxbeus12.exchange.xchg>

Can we agree that the purpose of the forum is ask questions about the 5 day method and share information about it?  Whether you are an individual owner or a Realtor, I beleive the object is the same....  to get the house sold.  Negativity doesn't  foster cooperation within the forum..

If Bill feels that Realtors should have their own forum about the 5 day method then I'm sure he'll start one.   In this challenging market, we all need a fresh approach and a willingness to share.

I'd like to ask the members who have successfullly completed a 5 day sale what their number one tip would be that wasn't discussed in the book and what they would do differently.

Lili O'Day  Realtor
________________________________
From: 5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+lili=lilioday.com at mailman.howtosellyourhomein5days.com] On Behalf Of Patricia Lone
Sent: Monday, January 05, 2009 11:45 PM
To: 5-Day Forum
Subject: Re: [5-DayForum] Bill Effros on his 5 Day forum, not Realtors & Investors telling us how to sell homes.


Very true Tom.  Realtors and Brokers have been in fear for their positions for quite some time now.  Many of them are grasping for straws to hang on... a great number of them have already gone under.  Realtors and Brokers have their place, but let their place be speaking in complete truth about the value of their positions.  People nowaday are getting more wise and willing to take more on themselves... for those who are not willing to take on the extra, that is the perfect place for realtors and brokers to lend a hand and see if they can do something to help out.  A great number of them fail there too, especially in todays market.

Patricia   [http://gfx1.hotmail.com/mail/w3/emoticons/smile_confused.gif]
Seller/Landlord

           "If you need help, ask God; If you don't, thank God."

________________________________
Date: Tue, 6 Jan 2009 05:35:58 +0000
From: tgarter at comcast.net
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Bill Effros on his 5 Day forum, not Realtors & Investors telling us how to sell homes.

Bill,
I wanted to add my appreciation.  Thank you for participating on the forum.  I read your book and have been following this site for a few months.  I became a believer when I read the book, but the professional realtors and investors had taken over the forum.  It's nice to hear the author speak with authority.
Sincerely,
Tom Garter


---- Original Message -----
From: "Bill Effros" <bill at effros.com>
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, January 5, 2009 9:28:32 PM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] bad credit ok?

Absolutely.

You are trying to gauge interest, not credit worthiness.

These people won't turn out to be the real buyers, anyhow, but they will drive the real buyers into the fair market value range.

Don't do seller financing, but still count them.  The real buyers will have the credit, and you won't get any more money from the people who ask about seller financing.

Bill Effros



j crafor wrote:


do we count the responses that ask if bad credit is okay?
And if the seller is financing?

________________________________
Life on your PC is safer, easier, and more enjoyable with Windows Vista(r). See how <http://clk.atdmt.com/MRT/go/127032870/direct/01/>

________________________________

_______________________________________________
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  Tue Jan  6 09:22:50 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 06 Jan 2009 09:22:50 -0500
Subject: [5-DayForum] Conservatorship
In-Reply-To: <BLU141-W4216A3BA1CCC5AB55027F5D2DE0@phx.gbl>
References: <BLU141-W4216A3BA1CCC5AB55027F5D2DE0@phx.gbl>
Message-ID: <4963693A.5080407@effros.com>

Patricia,

I can't act as your attorney, however it seems to me that your situation 
is no different from that of any other seller.

All 5-Day Sales (in fact, all real estate sales) have unstated 
contingencies.  Records must always be checked and approvals granted 
before the sale can be "closed".  Have all the taxes been paid?  Are 
there any liens? Is the property worth the sale price.  Will the 
mortgage-holding bank agree to the sale price.  Will a new bank provide 
a mortgage for the amount required to the buyers? etc.

You will have to take the deal to a judge for approval.  No big deal.

Take along the book, and all the paperwork you create in the course of 
selling the property in 5-Days.  Show the judge that 25 people responded 
before Friday night, and that 10 left bids and that 3 bid against each 
other and that the highest price you could get for the property at this 
time is $.....

Explain that you pay no commission, and that if the judge knows of any 
way for you to get more for your father's home at the present time, to 
either tell you how he or she thinks you can get 2 in the bush at a time 
when you have 1 in your hand, or approve the sale you have already 
negotiated.

Having a real buyer at a demonstrably fair price is a powerful argument 
that has been used successfully for 20 years.

First you sell.

Then you must close -- it's the same as selling the home any other way.

Bill Effros


Patricia Lone wrote:
>
> Hi Bill,
>
> I am in a bit of a quandry and turmoil with my situation.  My father 
> is quite aged and therefore I have become the conservator if his 
> estate.  I have full authority from the courts to do anything, EXCEPT 
> when selling real estate.  When a sale takes place I have to go to the 
> court and get approval to sell the real estate.  Will the 5-day sale 
> still work with this exception (and delay) in place? ...and please, 
> share any other thoughts you have.  I really need some help to get all 
> of my father's properties back up and running efficiently and 
> profitably.  (I definitely want to sell some as quickly as I can (of 
> course for the most I can get for them in this market and in their 
> present condition).  Right now, there are just too many of them to 
> manage appropriately.  I need help...
>
> *Patricia *
> *Seller/Landlord
>
>            **"If you need help, ask God; If you don't, thank God."*
>
>
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From Loveandmoney05 at aol.com  Tue Jan  6 09:27:06 2009
From: Loveandmoney05 at aol.com (Loveandmoney05 at aol.com)
Date: Tue, 6 Jan 2009 09:27:06 EST
Subject: [5-DayForum] Conservatorship
Message-ID: <c4b.4527c906.3694c43a@aol.com>

I assume Bill will respond, but in my opinion this will not be unlike a  
short sale situation in which you inform the buyer that there will be a delay  for 
an unknown (assumed) period of time, and that there are no guarantees it  
will happen.  You would have this same situation if you sold via a  realtor.  The 
only difference is with a 5-day YOU will be the one informing  the buyer not 
the agent.  As with a short sale, you may lose a buyer if  they dont care to 
wait BUT if the deal is a good one for them, they may be able  to accommodate 
the waiting period.
Good luck to you.
Danielle
buyer/seller/investor
 
 
In a message dated 1/5/2009 10:28:52 P.M. Eastern Standard Time,  
patricialone at hotmail.com writes:

Hi Bill,

I am in a bit of a quandry  and turmoil with my situation.  My father is 
quite aged and therefore I  have become the conservator if his estate.  I have 
full authority from  the courts to do anything, EXCEPT when selling real estate.  
 When a sale takes place I have to go to the court and get  approval to sell 
the real estate.  Will the 5-day sale still work with  this exception (and 
delay) in place? ...and please, share any other thoughts  you have.  I really 
need some help to get all of my father's properties  back up and running 
efficiently and profitably.  (I definitely want to  sell some as quickly as I can (of 
course for the most I can get for  them in this market and in their present 
condition).  Right now,  there are just too many of them to manage 
appropriately.  I  need help... 

Patricia 
Seller/Landlord

"If you  need help, ask God; If you don't, thank  God."

=

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


**************New year...new news.  Be the first to know what is making 
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From bill at effros.com  Tue Jan  6 09:42:46 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 06 Jan 2009 09:42:46 -0500
Subject: [5-DayForum] Bill Effros on his 5 Day forum,
 not Realtors & Investors telling us how to sell homes.
In-Reply-To: <994909844.1959681231220158039.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
References: <994909844.1959681231220158039.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
Message-ID: <49636DE6.9010503@effros.com>

Thanks, Tom,

There isn't enough time in the universe for me to stay on top of all the 
5-Day Home sales.  I came back because some of the professionals asked 
me, back channel, to help them.  A number of professionals have been 
carrying the ball in my absence, and I am very grateful to all of them.

I will write another edition of the book (and quite possibly an edition 
on Renting and another for Buyers) based on the questions asked in this 
Forum.  It will take me less time to write the books, than to answer the 
questions that come in one-by-one as people discover the 5-Day Method.

My biggest single conflict is separating my knowledge of the 5-Day 
Method from my advice on any other aspect of real estate.

My expertise is the 5-Day Method.  I am very sure of myself on this 
topic.  Many of the real estate professionals bring a lot of other 
knowledge and experience to this Forum.  I can do battle with them where 
I think they are wrong, and they think I am wrong, and hopefully we will 
all learn from the discussion.

But be careful not to think I know more than anyone else.  I keep 
learning, too, and you only have to read all 3 editions of the book to 
see how I have changed my mind on many substantive issues over time.

Thanks for your support, and I hope you will continue to participate in 
the discussions.

Bill Effros, Author





tgarter at comcast.net wrote:
> Bill,
> I wanted to add my appreciation.  Thank you for participating on the 
> forum.  I read your book and have been following this site for a few 
> months.  I became a believer when I read the book, but the 
> professional realtors and investors had taken over the forum.  It's 
> nice to hear the author speak with authority.
> Sincerely,
> Tom Garter
>
>
> ---- Original Message -----
> From: "Bill Effros" <bill at effros.com>
> To: "How To Sell Your Home in 5-Days" 
> <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Monday, January 5, 2009 9:28:32 PM GMT -05:00 US/Canada Eastern
> Subject: Re: [5-DayForum] bad credit ok?
>
> Absolutely.
>
> You are trying to gauge interest, not credit worthiness.
>
> These people won't turn out to be the real buyers, anyhow, but they 
> will drive the real buyers into the fair market value range.
>
> Don't do seller financing, but still count them.  The real buyers will 
> have the credit, and you won't get any more money from the people who 
> ask about seller financing.
>
> Bill Effros
>
>
>
> j crafor wrote:
>
>
>
>     do we count the responses that ask if bad credit is okay?
>     And if the seller is financing?
>
>     ------------------------------------------------------------------------
>     Life on your PC is safer, easier, and more enjoyable with Windows
>     Vista?. See how <http://clk.atdmt.com/MRT/go/127032870/direct/01/>
>
>     ------------------------------------------------------------------------
>
>     _______________________________________________
>     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 Loveandmoney05 at aol.com  Tue Jan  6 09:46:39 2009
From: Loveandmoney05 at aol.com (Loveandmoney05 at aol.com)
Date: Tue, 6 Jan 2009 09:46:39 EST
Subject: [5-DayForum] Bill Effros on his 5 Day forum,
	not Realtors & Investors tel...
Message-ID: <cf1.4bbf13d9.3694c8cf@aol.com>

I am very glad Bill is back, as well.  His opinion is very valuable  and he 
keeps things on track.
I must comment on your investor/realtor comment.  I have been on this  forum 
and have been pretty active for about a year.  In that time, i can  recall 
about 2 or 3 individuals who have obviously acted in their own  self-interests as 
investors or realtors.  The overwhelming number of  responses from 
investors/realtors have been helpful.
Speaking for myself, the forum can be very quiet and people dont always get  
answers from other FSBOers.  I help when i can.  I dont speak for the  
realtors here, but i think they have done their best to help others in a very  
difficult market.  They dont follow Bills method exactly, but they cannot  do so 
according to sate laws and MLS rules.
I assume that you'd like to see more sellers share info here.  I would  too, 
but that's not the way it is right now.
Danielle
Buyer/seller/investor
 
 
In a message dated 1/6/2009 12:36:37 A.M. Eastern Standard Time,  
tgarter at comcast.net writes:

Bill,
I  wanted to add my appreciation.  Thank you for participating on the  forum. 
 I read your book and have been following this site for a few  months.  I 
became a believer when I read the book, but the professional  realtors and 
investors had taken over the forum.  It's nice to hear the  author speak with 
authority. 
Sincerely,
Tom Garter


----  Original Message -----
From: "Bill Effros" <bill at effros.com>
To:  "How To Sell Your Home in 5-Days"  
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday,  January 5, 2009 9:28:32 PM GMT -05:00 US/Canada Eastern
Subject: Re:  [5-DayForum] bad credit ok?

Absolutely.

You are trying to gauge  interest, not credit worthiness.

These people won't turn out to be the  real buyers, anyhow, but they will 
drive the real buyers into the fair market  value range.

Don't do seller financing, but still count them.  The  real buyers will have 
the credit, and you won't get any more money from the  people who ask about 
seller financing.

Bill Effros



j  crafor wrote:  


do we count the responses that ask if bad credit is okay?
And if  the seller is financing?

 
____________________________________
Life on your PC is safer, easier, and more enjoyable with Windows Vista?. 
_See  how _ (http://clk.atdmt.com/MRT/go/127032870/direct/01/) 
 
____________________________________


_______________________________________________

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  Tue Jan  6 10:24:51 2009
From: jcrafor at hotmail.com (j crafor)
Date: Tue, 6 Jan 2009 15:24:51 +0000
Subject: [5-DayForum] sellers sharing
In-Reply-To: <cf1.4bbf13d9.3694c8cf@aol.com>
References: <cf1.4bbf13d9.3694c8cf@aol.com>
Message-ID: <BAY135-W2850BF598E19E6C00B0C49AEDE0@phx.gbl>


"I assume that you'd like to see more sellers share info here.  I would too, but that's not the way it is right now."
Danielle
 
Several of you complained recently when I, a seller, shared. 
Which is it? 
JCrafor



From: Loveandmoney05 at aol.comDate: Tue, 6 Jan 2009 09:46:39 -0500To: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Bill Effros on his 5 Day forum, not Realtors & Investors tel...
I am very glad Bill is back, as well.  His opinion is very valuable and he keeps things on track.
I must comment on your investor/realtor comment.  I have been on this forum and have been pretty active for about a year.  In that time, i can recall about 2 or 3 individuals who have obviously acted in their own self-interests as investors or realtors.  The overwhelming number of responses from investors/realtors have been helpful.
Speaking for myself, the forum can be very quiet and people dont always get answers from other FSBOers.  I help when i can.  I dont speak for the realtors here, but i think they have done their best to help others in a very difficult market.  They dont follow Bills method exactly, but they cannot do so according to sate laws and MLS rules.
I assume that you'd like to see more sellers share info here.  I would too, but that's not the way it is right now.
Danielle
Buyer/seller/investor
 

In a message dated 1/6/2009 12:36:37 A.M. Eastern Standard Time, tgarter at comcast.net writes:

Bill,I wanted to add my appreciation.  Thank you for participating on the forum.  I read your book and have been following this site for a few months.  I became a believer when I read the book, but the professional realtors and investors had taken over the forum.  It's nice to hear the author speak with authority. Sincerely,Tom Garter---- Original Message -----From: "Bill Effros" <bill at effros.com>To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>Sent: Monday, January 5, 2009 9:28:32 PM GMT -05:00 US/Canada EasternSubject: Re: [5-DayForum] bad credit ok?Absolutely.You are trying to gauge interest, not credit worthiness.These people won't turn out to be the real buyers, anyhow, but they will drive the real buyers into the fair market value range.Don't do seller financing, but still count them.  The real buyers will have the credit, and you won't get any more money from the people who ask about seller financing.Bill Effrosj crafor wrote: 


do we count the responses that ask if bad credit is okay?And if the seller is financing?

Life on your PC is safer, easier, and more enjoyable with Windows Vista?. See how 
_______________________________________________
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 list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


New year...new news. Be the first to know what is making headlines.
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From bill at effros.com  Tue Jan  6 10:39:20 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 06 Jan 2009 10:39:20 -0500
Subject: [5-DayForum] sellers sharing
In-Reply-To: <BAY135-W2850BF598E19E6C00B0C49AEDE0@phx.gbl>
References: <cf1.4bbf13d9.3694c8cf@aol.com>
	<BAY135-W2850BF598E19E6C00B0C49AEDE0@phx.gbl>
Message-ID: <49637B28.1060707@effros.com>

OK, kids, let's not have a food-fight.

I'm grateful to all for sticking around.  Especially the professionals 
who gave a lot of their time for no gain.

I understand the frustration of individual sellers who got replies only 
from professionals.

But that is not the fault of the professionals.  Really it is my fault 
for not being here to provide counterbalance to some of the views stated.

I simply can't be here as much as is required, and we will have to 
figure out, together, how to make the Forum function in such a way that 
everyone gets something out of it.

I have no idea what that means, and we have time to work it out.

I will continue to use this list to create answers to questions that I 
clearly have not answered satisfactorily in my books.

I will try to develop mechanisms to illustrate that the Method can and 
has worked everywhere on all different kinds of homes in different 
economic climates.

I will change my web site to answer new questions as they are asked.

It will take time.

Meanwhile, lets try not to settle old scores, despite temptation and 
provocation.

Bill Effros, Author





j crafor wrote:
> "I assume that you'd like to see more sellers share info here.  I 
> would too, but that's not the way it is right now."
> Danielle
>  
> Several of you complained recently when I, a seller, shared.
> Which is it?
> JCrafor
>
>
> ------------------------------------------------------------------------
>
> From: Loveandmoney05 at aol.com
> Date: Tue, 6 Jan 2009 09:46:39 -0500
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Bill Effros on his 5 Day forum, not Realtors 
> & Investors tel...
>
>
> I am very glad Bill is back, as well.  His opinion is very valuable 
> and he keeps things on track.
> I must comment on your investor/realtor comment.  I have been on this 
> forum and have been pretty active for about a year.  In that time, i 
> can recall about 2 or 3 individuals who have obviously acted in their 
> own self-interests as investors or realtors.  The overwhelming number 
> of responses from investors/realtors have been helpful.
> Speaking for myself, the forum can be very quiet and people dont 
> always get answers from other FSBOers.  I help when i can.  I dont 
> speak for the realtors here, but i think they have done their best to 
> help others in a very difficult market.  They dont follow Bills method 
> exactly, but they cannot do so according to sate laws and MLS rules.
> I assume that you'd like to see more sellers share info here.  I would 
> too, but that's not the way it is right now.
> Danielle
> Buyer/seller/investor
>  
> In a message dated 1/6/2009 12:36:37 A.M. Eastern Standard Time, 
> tgarter at comcast.net writes:
>
>     Bill,
>     I wanted to add my appreciation.  Thank you for participating on
>     the forum.  I read your book and have been following this site for
>     a few months.  I became a believer when I read the book, but the
>     professional realtors and investors had taken over the forum. 
>     It's nice to hear the author speak with authority.
>     Sincerely,
>     Tom Garter
>
>
>     ---- Original Message -----
>     From: "Bill Effros" <bill at effros.com>
>     To: "How To Sell Your Home in 5-Days"
>     <5-dayforum at mailman.howtosellyourhomein5days.com>
>     Sent: Monday, January 5, 2009 9:28:32 PM GMT -05:00 US/Canada Eastern
>     Subject: Re: [5-DayForum] bad credit ok?
>
>     Absolutely.
>
>     You are trying to gauge interest, not credit worthiness.
>
>     These people won't turn out to be the real buyers, anyhow, but
>     they will drive the real buyers into the fair market value range.
>
>     Don't do seller financing, but still count them.  The real buyers
>     will have the credit, and you won't get any more money from the
>     people who ask about seller financing.
>
>     Bill Effros
>
>
>
>     j crafor wrote:
>
>
>
>         do we count the responses that ask if bad credit is okay?
>         And if the seller is financing?
>
>         ------------------------------------------------------------------------
>         Life on your PC is safer, easier, and more enjoyable with
>         Windows Vista?. See how
>         <http://clk.atdmt.com/MRT/go/127032870/direct/01/>
>
>         ------------------------------------------------------------------------
>
>         _______________________________________________
>         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
>
>
>
>
> ------------------------------------------------------------------------
> New year...new news. Be the first to know what is making headlines 
> <http://www.aol.com/?ncid=emlcntaolcom00000026>.
>
> ------------------------------------------------------------------------
> Life on your PC is safer, easier, and more enjoyable with Windows 
> Vista?. See how <http://clk.atdmt.com/MRT/go/127032870/direct/01/>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 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  Tue Jan  6 10:49:19 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 06 Jan 2009 10:49:19 -0500
Subject: [5-DayForum] Archives
Message-ID: <49637D7F.6040007@effros.com>

The archives this system creates are truly amazing. 

Everything ever said on this Forum is there--instantly.

Want to know what somebody said 6 months ago?  Look it up.  You can do 
it in seconds.

Don't want to get a lot of email--go into vacation mode and just find 
what you need in the archives.

Let's build up the archives to answer questions that get asked over and 
over.

Bill Effros, Author



From djeehs at gmail.com  Sun Jan  4 16:43:28 2009
From: djeehs at gmail.com (David Johnson)
Date: Sun, 4 Jan 2009 16:43:28 -0500
Subject: [5-DayForum] unsubscribe
Message-ID: <4424efe20901041343o46b52ba7g1ae78103fae45370@mail.gmail.com>

Please remove me from the mailing list.

Thank you.
David Johnson
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From dberning at flash.net  Sun Jan  4 20:07:59 2009
From: dberning at flash.net (dberning at flash.net)
Date: Sun, 4 Jan 2009 17:07:59 -0800 (PST)
Subject: [5-DayForum] seeking answers
Message-ID: <314975.85898.qm@web81007.mail.mud.yahoo.com>


I just looked through the book and decided to come home and check the website.? I decided to join the forum and plan to go back and buy the book but thought I would ask some questions.
?
I am in Fort Worth, TX.? I purchased an investment property and did an extensive remodel.? The home is in an old established neighborhood that is quite wealthy.? It has been on the market since July of 2006.? Our initial asking price was $875,000 and was in the middle of the price range of all the active listings at that time.? My last listing just expired and it was listed at $595,000.? As you can see, the traditional?selling method has not worked.? It is baffling because the Dallas/Fort Worth market has been one of?the strongest markets in the U.S. with home prices being very stable.? Homes that are currently listed in this neighborhood are going for $185 sq. ft to upwards of $226 sq. ft.??and includes both new and existing homes.? ?At $595,000, my home is $136 sq. ft.
?
I am intrigued by the 5-day method but concerned about ending up selling my house for?a big loss.? I have had one verbal offer of $500,000 over a year ago and one written but not dated offer of $415,000.? I was not going to give the thing away and declined both offers.? All the agents just shake their heads and are also baffled as to why it has not sold. If you would like to view the property you can go to www.homeworks-llc.com.? My question.? What do I put as the starting bid price?? I am already close to 50% of what the market prices are right now.? The sharks are circling!!!? Any advice or help would be appreciated.
?
David Berning
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From kristen.perry at uky.edu  Sun Jan  4 20:23:41 2009
From: kristen.perry at uky.edu (Perry, Kristen H)
Date: Sun, 4 Jan 2009 20:23:41 -0500
Subject: [5-DayForum]  looking for advice about selling in Michigan
Message-ID: <BC4A03162D17824AB5BF5EEED2DEF204267F62EC@EX7SM01.ad.uky.edu>

Hi Bill,
Thanks for the honest advice. I realize I'm going to probably take a big hit on the sale of this house, and am trying to come to terms with that fact! I'm willing to give this 5-day method a try, since the realtor method didn't work so well for me. My house is rented through July, and the rent covers the mortgage, taxes, and insurance, so there isn't any immediate urgency...other than that I really don't want to own two houses any more. I had originally thought about trying to sell the place in the next few weeks, but I now think it's better for me to wait until May or June. I am not doing this in the hopes that the market will be much better - I know the book says that waiting until spring isn't really a good idea - but it fits better with my schedule. I'm a university professor, and spending a week on trying to sell the house will be a lot easier for me at that time of year than it would be now, especially since I'll have to come up from Kentucky to do it. While Lansing's market isn't great (and probably will just get worse), the summer does have the slight advantage of new faculty and grad students looking for housing (my home is very close to Michigan State University). Also, the weather at this time of the year is unpredictable and often atrocious...I'd hate to spend 5 days advertising the house, only to have few people be able to show up because of a blizzard! I'll stay tuned to the forum for more advice. I appreciate the expertise that's available here...and I think it's REALLY neat that Bill responds to these messages!
Kristen


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From bill at effros.com  Tue Jan  6 11:01:54 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 06 Jan 2009 11:01:54 -0500
Subject: [5-DayForum] Home Sale Photos
Message-ID: <49638072.8070605@effros.com>

Please post photos of homes sold in 5-Days.

1 Exterior Photo per Email is all we need.

The subject line should follow the format:

Photo: Greenwich, Ct--5-Day Home Sold--$1,350,000--07/99

Then attach the photo.

I believe the photo remains attached to the message in the archives and 
can be retrieved by others.

(I have so many permissions in the system that sometimes things work for 
me that don't work if you are not me--please confirm that photos sent to 
the list remain available to all list members.)

Bill Effros





From P.Schechter at verizon.net  Tue Jan  6 12:33:59 2009
From: P.Schechter at verizon.net (Paul R. Schechter)
Date: Tue, 06 Jan 2009 09:33:59 -0800
Subject: [5-DayForum] Will Be Sold Sunday Night
In-Reply-To: <495F87B5.9020401@effros.com>
References: <004701c96d4f$6eeb5410$0301a8c0@PRSDimension>
	<495F87B5.9020401@effros.com>
Message-ID: <005d01c97024$f6295fd0$e27c1f70$@Schechter@verizon.net>

Bill,

 

Thanks again for your responses.

 

I have one more question for you.  I have a property that has been listed
for a few months and there are 3 interested buyers who have to sell their
houses before they can buy mine.  Since I've already found 3 buyers, is the
5day sale still worth pursuing?

 

Paul

 

From:
5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.
com
[mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhome
in5days.com] On Behalf Of Bill Effros
Sent: Saturday, January 03, 2009 7:44 AM
To: How To Sell Your Home in 5-Days
Subject: [5-DayForum] Will Be Sold Sunday Night

 

Paul,

Outline answers for now, I will be filling in the blanks.

We can easily agree that "lying" is not the issue if, in fact, the seller
always sells to the highest bidder.

Your real issue is what to do if the seller is dissatisfied with the high
bid.

My answer is that you should not conduct a five-day sale unless you are
prepared to take the high bid.

The 5-Day Method does not change the market, it will only get you the high
end of the current market value on the day YOU HAVE SELECTED to sell your
home.

And it will accomplish that task every single time--provided you make
absolutely clear that you are REALLY going to sell the home Sunday night to
the high bidder.

If you fudge this issue, you cannot expect real buyers to give you their
best bids.

There is absolutely nothing The 5-Day Method, or any other method, can do to
make your home magically become worth what you paid for it, if it is
currently worth less.

You must deal with the problem immediately--the sooner the better--before
things get worse.  (And they will get worse because you will continue to
incur mortgage, tax, insurance, and maintenance costs.)

So, if the high bid is not sufficient to pay off your mortgage, and you are
unwilling to make up the difference, you march your buyer down to the bank
and ask the bank what they want to do.

If the bank and buyer can't work something out between them, then the bank
has, in effect, outbid the high bidder, and you have sold your home to the
bank on Sunday night.  

Either way, you sell your home to the high bidder Sunday night, and get on
with your life.

I would be a rich man if I had a nickel for every seller who came to me 6
months after turning down the high bid on Sunday night to ask how it is
possible to sell for the amount refused previously.

If you think things will be better 6 months from now, run your 5-Day Sale 6
months from now.  If you think it will be better to sell now, run your 5-Day
Sale now.  Either way--follow the 5-Day Method EXACTLY and you will get the
most you can get on the day you picked.

Without ever lying, or doing anything in the smallest way unethical.

Bill Effros, Author



Paul R. Schechter wrote: 

Hi Bill,

 

I am one of those people who are concerned with the statement "will be sold
Sunday night to the high bidder".  I see in your response below you advocate
the statement never be a lie by selling it to the high bidder "no matter
what the final bid".  How can you maintain that position if the high bid is
not enough to payoff the loan(s)?

 

There are responses in this forum from people who have been in this
situation and had to tell the high bidder their bid was not enough.  They
claim the high bidder understood the situation and increased their bid; to
me, this is unethical & hard to swallow.

 

Respectfully,

 

Paul

 

-----Original Message-----
From:
5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.
com
[mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhome
in5days.com] On Behalf Of Bill Effros
Sent: Friday, January 02, 2009 11:04 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Success Ratio

 

Keith,

This is one I'll be hitting heavily as soon as I have the time.

Here's the summary:

The starting price in the ad is supposed to be 50% of what the seller
honestly believes is the current value. To put it another way, the seller's
implied reserve is double the starting price.

The statement "will be sold Sunday night to the high bidder" should never be
a lie -- no matter what the final bid.

I sell every home, every time -- the only escape clause is the unstated
stipulation that I must get 25 responses by Friday night. If you can't find
25 people in three days who believe your home may currently be worth twice
the starting price, you should not proceed with your inspection.

If you do get 25 people by Friday night, and if you do run your open house,
and round-robin properly, you will get the high-end of the current fair
market value. Every single time.

The problems come when people start weaseling about "what they will really
take"; or when they inflate the number of responses by deploying clowns with
cattle prods to round up the usual suspects.

More on this to come, -- lots more.

Bill Effros, author

Keith R. Pinster wrote: 

Hi Bill,

 

What do you mean by "The implied reserve is double the starting price"?  I
think the problem most people are having is the "implied lie" that you will
sell the house for anything over the price in the ad, so if they don't get
enough, they think they are "lying" to the public.  What are your thoughts
on this?

 

Keith - Vancouver, WA

 

  _____  

From: Bill Effros [mailto:bill at effros.com] 
Sent: Thursday, January 01, 2009 8:54 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Success Ratio

 

Betty,

I believe you will get more money for each sale if you don't use undisclosed
reserves.  The implied reserve is double the starting price.

Have your fee placed in escrow before the sale (not legal everywhere--what's
the story in Missouri?)

I assume you base your fee on a percentage of the selling price.  The escrow
amount should be double the starting price times your percentage.  If your
client fails to get the implied reserve, your fee is your percentage of the
actual selling price, and the client gets back the difference from the
escrow account.

If the client throws in a "ringer" who is jacking up the price beyond what
anyone else will pay, the client still pays your fee based on the shill's
bid.  This tends tends to discourage this practice which usually winds up
with the seller buying the house and refusing to pay a fee to the broker who
did all the work.

If the bank outbids every other buyer, you get your percentage of the bank's
price.

The key to the implied reserve is the 25 responses by Friday night rule.  If
you fail to get 25 responses by Friday night, offering the property for 50%
of the implied reserve, that property is unlikely to sell for more than the
implied reserve, and you, as the broker, don't have to waste your time and
effort.

Of course, since the client has to put up escrow money in advance, there is
an incentive to start with a low implied reserve.  This works for everyone,
as it makes it far more likely that the very low starting price will attract
a high number of potential buyers, and that you will not be wasting your
time when you set up the sale.  If the property sells for more than double
the starting price, you get more than the escrow amount.

Please note, I am absolutely sure you do not get a lower selling price if
you use a lower starting price.  You do more work, and see more people who
will not pay the top price, but the top price is the top price no matter
where you start.  This is true whether the seller has equity in the property
or not.

The lower starting prices and lower implied reserve will ensure that you
don't lose 3 days setting up a sale that won't ever happen.  You will do
more work at each sale, but you should be able to increase your success
ratio to 100%.

Bill Effros



Betty Pauley wrote: 

My name is Betty Pauley, I am a Realtor in Columbia Missouri.
 
I have used this method six times, five of the six the homes were sold as a
direct result of the sale.  I follow the book very closely, but also utilize
the MLS and the Realtor Network.  Two of the five buyers were represented by
a Realtor.  I put comments in the MLS remarks section giving information
about the sale.  Other Realtors in the community are now starting to copy
the method.  I am also getting referrals from other Realtors who do not want
to use the method.
 
I make sure that there is equity in the property to pay my fee.  The one
home that did not sell had no equity and wound up being reposessed.  I
learned my lesson from that one. 
 
I place a small classified ad to run Wednesday thru Sunday, hold the home
open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I
purchased the sign package and put signs out everywhere.  If the owner is
willing and available, I have them with me at the open houses to answer
questions.  I also put the owners phone number on the sign and ad to take
the calls. 
 
I make it very clear to all potential bidders that nothing is binding until
it is in writing on either the buyers or sellers part.  I also state that
there is an undisclosed reserve.  When asked what it is,  I just smile
sweetly and say 'its undisclosed'....
  
 
 
 
 
 



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From keith.pinster at comcast.net  Tue Jan  6 12:36:28 2009
From: keith.pinster at comcast.net (Keith R. Pinster)
Date: Tue, 6 Jan 2009 09:36:28 -0800
Subject: [5-DayForum] Hudson Invoice 04
In-Reply-To: <49624D03.30903@effros.com>
Message-ID: <007401c97025$4f3739d0$0702a8c0@accentinc.com>

Hi guys,

 

There are several PDF writers out there that just create a "printer" that
prints any document from any application to a PDF file so you don't have to
produce your document from a specific program.  A few are free, others you
have to pay for but are very cheap.  I use one called PDFNow.  I think it
cost me about $10.  MUCH cheaper than Adobe.  You can't modify PDFs with it,
but most people don't want to.  Just modify your source doc and reprint to
the PDF Writer.

 

Keith - Vancouver, WA

 

  _____  

From: Bill Effros [mailto:bill at effros.com] 
Sent: Monday, January 05, 2009 10:10 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Hudson Invoice 04

 

I'm gone from the Rhodes list -- just talking to my friends back-channel.

Have you tried Open Office?

It exports very nice PDFs.

Bill Effros, Author, Sailor



Peter Thorn wrote: 

Hi Bill,

 

Whoops!  Did Donna Hudson's invoice really hit the 5-day list-serve?

 

Adobe 7.0.  (8.0 was too complicated, so I changed back)

 

Are you really gone from the Rhodes list?  It seems to be improving (from my
viewpoint, anyway).  I think some people actually listen to elle and Mary
Lou.

 

PT

 

 

 

From:
5-dayforum-bounces+pthorn=nc.rr.com at mailman.howtosellyourhomein5days.com
[mailto:5-dayforum-bounces+pthorn=nc.rr.com at mailman.howtosellyourhomein5days
.com] On Behalf Of Bill Effros
Sent: Monday, January 05, 2009 12:35 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Hudson Invoice 04

 

Peter,

Glad you're still here.

Also useful to note that this forum passes PDF files.

(I set it all up a while ago, and I have forgotten which boxes I checked.)

What program do you use to convert to PDF?

Bill Effros, Author



Peter Thorn wrote: 

 

 

Pete Thorn

President

 

Peter Thorn Builders

PO Box 16104

Chapel Hill, NC  27516

 

Broker/Realtor

Keller Williams Chapel Hill

1516 E. Franklin Street, Suite 100

Chapel Hill, NC  27514

 

cell  919 619 6544

desk 919 968 3885

fax 919 967 8714

 



__________ Information from ESET NOD32 Antivirus, version of virus signature
database 3739 (20090105) __________

The message was checked by ESET NOD32 Antivirus.

http://www.eset.com




 
 





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__________ Information from ESET NOD32 Antivirus, version of virus signature
database 3739 (20090105) __________

The message was checked by ESET NOD32 Antivirus.

http://www.eset.com



__________ Information from ESET NOD32 Antivirus, version of virus signature
database 3739 (20090105) __________

The message was checked by ESET NOD32 Antivirus.

http://www.eset.com



 





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From keith.pinster at comcast.net  Tue Jan  6 12:44:04 2009
From: keith.pinster at comcast.net (Keith R. Pinster)
Date: Tue, 6 Jan 2009 09:44:04 -0800
Subject: [5-DayForum] Conservatorship
In-Reply-To: <BLU141-W4216A3BA1CCC5AB55027F5D2DE0@phx.gbl>
Message-ID: <007901c97026$5e85e070$0702a8c0@accentinc.com>

Hi Patricia,

 

First the answer is yes, just explain to the buyers that the sale requires
court approval.  I did this with a short sale on a property and there were
no issues (wasn't a 5-day sale, but it still went through pretty fast and
easy).

 

Second, I would think that the court would approve this more readily since
you can show the offer list and therefore prove that you are getting as much
as you can for the property as opposed to just selling it for a cheap amount
to get rid of it quickly.  This kind of falls into the category of selling a
property via short sale and getting the bank to approve because you can show
that it is the most you can get for the property under the current
circumstances.  

 

Hope everything goes well for you!

 

Keith - Vancouver, WA

 

  _____  

From: Patricia Lone [mailto:patricialone at hotmail.com] 
Sent: Monday, January 05, 2009 7:26 PM
To: 5-Day Forum
Subject: [5-DayForum] Conservatorship

 

Hi Bill,

I am in a bit of a quandry and turmoil with my situation.  My father is
quite aged and therefore I have become the conservator if his estate.  I
have full authority from the courts to do anything, EXCEPT when selling real
estate.  When a sale takes place I have to go to the court and get approval
to sell the real estate.  Will the 5-day sale still work with this exception
(and delay) in place? ...and please, share any other thoughts you have.  I
really need some help to get all of my father's properties back up and
running efficiently and profitably.  (I definitely want to sell some as
quickly as I can (of course for the most I can get for them in this market
and in their present condition).  Right now, there are just too many of them
to manage appropriately.  I need help... 

Patricia   <http://gfx1.hotmail.com/mail/w3/emoticons/smile_confused.gif> 
Seller/Landlord

           "If you need help, ask God; If you don't, thank God."

 

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From keith.pinster at comcast.net  Tue Jan  6 12:50:55 2009
From: keith.pinster at comcast.net (Keith R. Pinster)
Date: Tue, 6 Jan 2009 09:50:55 -0800
Subject: [5-DayForum] Conservatorship
In-Reply-To: <c4b.4527c906.3694c43a@aol.com>
Message-ID: <007e01c97027$5345f960$0702a8c0@accentinc.com>

Just to note - I've had MUCH greater success getting the court to approve a
sale than getting a bank to move.  Banks on the whole take their own sweet
time and will not move faster no matter what the situation, whereas getting
an approval through the court is much easier and you should know if the sale
is approved on the day you see the judge.  Trust me, you have it easier
going to a judge than doing a short sale.  :-)

 

Keith - Vancouver, WA

 

  _____  

From: Loveandmoney05 at aol.com [mailto:Loveandmoney05 at aol.com] 
Sent: Tuesday, January 06, 2009 6:27 AM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Conservatorship

 

I assume Bill will respond, but in my opinion this will not be unlike a
short sale situation in which you inform the buyer that there will be a
delay for an unknown (assumed) period of time, and that there are no
guarantees it will happen.  You would have this same situation if you sold
via a realtor.  The only difference is with a 5-day YOU will be the one
informing the buyer not the agent.  As with a short sale, you may lose a
buyer if they dont care to wait BUT if the deal is a good one for them, they
may be able to accommodate the waiting period.

Good luck to you.

Danielle

buyer/seller/investor

 

In a message dated 1/5/2009 10:28:52 P.M. Eastern Standard Time,
patricialone at hotmail.com writes:

Hi Bill,

I am in a bit of a quandry and turmoil with my situation.  My father is
quite aged and therefore I have become the conservator if his estate.  I
have full authority from the courts to do anything, EXCEPT when selling real
estate.  When a sale takes place I have to go to the court and get approval
to sell the real estate.  Will the 5-day sale still work with this exception
(and delay) in place? ...and please, share any other thoughts you have.  I
really need some help to get all of my father's properties back up and
running efficiently and profitably.  (I definitely want to sell some as
quickly as I can (of course for the most I can get for them in this market
and in their present condition).  Right now, there are just too many of them
to manage appropriately.  I need help... 

Patricia   <http://gfx1.hotmail.com/mail/w3/emoticons/smile_confused.gif> 
Seller/Landlord

           "If you need help, ask God; If you don't, thank God."



=

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From keith.pinster at comcast.net  Tue Jan  6 12:58:57 2009
From: keith.pinster at comcast.net (Keith R. Pinster)
Date: Tue, 6 Jan 2009 09:58:57 -0800
Subject: [5-DayForum] sellers sharing
In-Reply-To: <BAY135-W2850BF598E19E6C00B0C49AEDE0@phx.gbl>
Message-ID: <008301c97028$7329c5d0$0702a8c0@accentinc.com>

Actually, JC, most of us appreciate that you are (or were) giving us a daily
update on your progress and sharing the changes you made to the process.  We
are very interested in seeing how things work out for you.

 

I liked the one suggestion that one of the people made a while ago that
asked you to put the date and city in the subject line so that those of us
who want to follow along with you know what to look for and those who don't
can just skip that message.  Would you be willing to start doing that?  It
would be greatly appreciated.

 

Keith - Vancouver, WA

 

  _____  

From: j crafor [mailto:jcrafor at hotmail.com] 
Sent: Tuesday, January 06, 2009 7:25 AM
To: 5-dayforum at mailman.how tosellyour home
Subject: Re: [5-DayForum] sellers sharing

 

"I assume that you'd like to see more sellers share info here.  I would too,
but that's not the way it is right now."

Danielle

 
Several of you complained recently when I, a seller, shared. 
Which is it? 
JCrafor



  _____  


From: Loveandmoney05 at aol.com
Date: Tue, 6 Jan 2009 09:46:39 -0500
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Bill Effros on his 5 Day forum, not Realtors &
Investors tel...





I am very glad Bill is back, as well.  His opinion is very valuable and he
keeps things on track.

I must comment on your investor/realtor comment.  I have been on this forum
and have been pretty active for about a year.  In that time, i can recall
about 2 or 3 individuals who have obviously acted in their own
self-interests as investors or realtors.  The overwhelming number of
responses from investors/realtors have been helpful.

Speaking for myself, the forum can be very quiet and people dont always get
answers from other FSBOers.  I help when i can.  I dont speak for the
realtors here, but i think they have done their best to help others in a
very difficult market.  They dont follow Bills method exactly, but they
cannot do so according to sate laws and MLS rules.

I assume that you'd like to see more sellers share info here.  I would too,
but that's not the way it is right now.

Danielle

Buyer/seller/investor

 

In a message dated 1/6/2009 12:36:37 A.M. Eastern Standard Time,
tgarter at comcast.net writes:

Bill,
I wanted to add my appreciation.  Thank you for participating on the forum.
I read your book and have been following this site for a few months.  I
became a believer when I read the book, but the professional realtors and
investors had taken over the forum.  It's nice to hear the author speak with
authority. 
Sincerely,
Tom Garter


---- Original Message -----
From: "Bill Effros" <bill at effros.com>
To: "How To Sell Your Home in 5-Days"
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, January 5, 2009 9:28:32 PM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] bad credit ok?

Absolutely.

You are trying to gauge interest, not credit worthiness.

These people won't turn out to be the real buyers, anyhow, but they will
drive the real buyers into the fair market value range.

Don't do seller financing, but still count them.  The real buyers will have
the credit, and you won't get any more money from the people who ask about
seller financing.

Bill Effros



j crafor wrote: 



do we count the responses that ask if bad credit is okay?
And if the seller is financing?


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From bill at effros.com  Tue Jan  6 13:00:43 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 06 Jan 2009 13:00:43 -0500
Subject: [5-DayForum] Will Be Sold Sunday Night
In-Reply-To: <005d01c97024$f6295fd0$e27c1f70$@Schechter@verizon.net>
References: <004701c96d4f$6eeb5410$0301a8c0@PRSDimension>	<495F87B5.9020401@effros.com>
	<005d01c97024$f6295fd0$e27c1f70$@Schechter@verizon.net>
Message-ID: <49639C4B.8010705@effros.com>

Paul!

The 5-Day Method will get you the highest possible price for your 
property at the current time.  Don't take shortcuts.  Don't re-invent 
the wheel!

Bill Effros



Paul R. Schechter wrote:
>
> Bill,
>
>  
>
> Thanks again for your responses.
>
>  
>
> I have one more question for you.  I have a property that has been 
> listed for a few months and there are 3 interested buyers who have to 
> sell their houses before they can buy mine.  Since I've already found 
> 3 buyers, is the 5day sale still worth pursuing?
>
>  
>
> Paul
>
>  
>
> *From:* 
> 5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com 
> [mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com] 
> *On Behalf Of *Bill Effros
> *Sent:* Saturday, January 03, 2009 7:44 AM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* [5-DayForum] Will Be Sold Sunday Night
>
>  
>
> Paul,
>
> Outline answers for now, I will be filling in the blanks.
>
> We can easily agree that "lying" is not the issue if, in fact, the 
> seller always sells to the highest bidder.
>
> Your real issue is what to do if the seller is dissatisfied with the 
> high bid.
>
> My answer is that you should not conduct a five-day sale unless you 
> are prepared to take the high bid.
>
> The 5-Day Method does not change the market, it will only get you the 
> high end of the current market value on the day YOU HAVE SELECTED to 
> sell your home.
>
> And it will accomplish that task every single time--provided you make 
> absolutely clear that you are REALLY going to sell the home Sunday 
> night to the high bidder.
>
> If you fudge this issue, you cannot expect real buyers to give you 
> their best bids.
>
> There is absolutely nothing The 5-Day Method, or any other method, can 
> do to make your home magically become worth what you paid for it, if 
> it is currently worth less.
>
> You must deal with the problem immediately--the sooner the 
> better--before things get worse.  (And they will get worse because you 
> will continue to incur mortgage, tax, insurance, and maintenance costs.)
>
> So, if the high bid is not sufficient to pay off your mortgage, and 
> you are unwilling to make up the difference, you march your buyer down 
> to the bank and ask the bank what they want to do.
>
> If the bank and buyer can't work something out between them, then the 
> bank has, in effect, outbid the high bidder, and you have sold your 
> home to the bank on Sunday night. 
>
> Either way, you sell your home to the high bidder Sunday night, and 
> get on with your life.
>
> I would be a rich man if I had a nickel for every seller who came to 
> me 6 months after turning down the high bid on Sunday night to ask how 
> it is possible to sell for the amount refused previously.
>
> If you think things will be better 6 months from now, run your 5-Day 
> Sale 6 months from now.  If you think it will be better to sell now, 
> run your 5-Day Sale now.  Either way--follow the 5-Day Method EXACTLY 
> and you will get the most you can get on the day you picked.
>
> Without ever lying, or doing anything in the smallest way unethical.
>
> Bill Effros, Author
>
>
>
> Paul R. Schechter wrote:
>
> Hi Bill,
>
>  
>
> I am one of those people who are concerned with the statement "will be 
> sold Sunday night to the high bidder".  I see in your response below 
> you advocate the statement never be a lie by selling it to the high 
> bidder "no matter what the final bid".  How can you maintain that 
> position if the high bid is not enough to payoff the loan(s)?
>
>  
>
> There are responses in this forum from people who have been in this 
> situation and had to tell the high bidder their bid was not enough.  
> They claim the high bidder understood the situation and increased 
> their bid; to me, this is unethical & hard to swallow.
>
>  
>
> Respectfully,
>
>  
>
> Paul
>
>  
>
> -----Original Message-----
> *From:* 
> 5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com 
> <mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com> 
> [mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com] 
> *On Behalf Of *Bill Effros
> *Sent:* Friday, January 02, 2009 11:04 AM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] Success Ratio
>
>  
>
> Keith,
>
> This is one I'll be hitting heavily as soon as I have the time.
>
> Here's the summary:
>
> The starting price in the ad is supposed to be 50% of what the seller 
> honestly believes is the current value. To put it another way, the 
> seller's implied reserve is double the starting price.
>
> The statement "will be sold Sunday night to the high bidder" should 
> never be a lie -- no matter what the final bid.
>
> I sell every home, every time -- the only escape clause is the 
> unstated stipulation that I must get 25 responses by Friday night. If 
> you can't find 25 people in three days who believe your home may 
> currently be worth twice the starting price, you should not proceed 
> with your inspection.
>
> If you do get 25 people by Friday night, and if you do run your open 
> house, and round-robin properly, you will get the high-end of the 
> current fair market value. Every single time.
>
> The problems come when people start weaseling about "what they will 
> really take"; or when they inflate the number of responses by 
> deploying clowns with cattle prods to round up the usual suspects.
>
> More on this to come, -- lots more.
>
> Bill Effros, author
>
> Keith R. Pinster wrote:
>
> Hi Bill,
>
>  
>
> What do you mean by "The implied reserve is double the starting 
> price"?  I think the problem most people are having is the "implied 
> lie" that you will sell the house for anything over the price in the 
> ad, so if they don't get enough, they think they are "lying" to the 
> public.  What are your thoughts on this?
>
>  
>
> Keith -- Vancouver, WA
>
>  
>
> ------------------------------------------------------------------------
>
> *From:* Bill Effros [mailto:bill at effros.com]
> *Sent:* Thursday, January 01, 2009 8:54 PM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] Success Ratio
>
>  
>
> Betty,
>
> I believe you will get more money for each sale if you don't use 
> undisclosed reserves.  The implied reserve is double the starting price.
>
> Have your fee placed in escrow before the sale (not legal 
> everywhere--what's the story in Missouri?)
>
> I assume you base your fee on a percentage of the selling price.  The 
> escrow amount should be double the starting price times your 
> percentage.  If your client fails to get the implied reserve, your fee 
> is your percentage of the actual selling price, and the client gets 
> back the difference from the escrow account.
>
> If the client throws in a "ringer" who is jacking up the price beyond 
> what anyone else will pay, the client still pays your fee based on the 
> shill's bid.  This tends tends to discourage this practice which 
> usually winds up with the seller buying the house and refusing to pay 
> a fee to the broker who did all the work.
>
> If the bank outbids every other buyer, you get your percentage of the 
> bank's price.
>
> The key to the implied reserve is the 25 responses by Friday night 
> rule.  If you fail to get 25 responses by Friday night, offering the 
> property for 50% of the implied reserve, that property is unlikely to 
> sell for more than the implied reserve, and you, as the broker, don't 
> have to waste your time and effort.
>
> Of course, since the client has to put up escrow money in advance, 
> there is an incentive to start with a low implied reserve.  This works 
> for everyone, as it makes it far more likely that the very low 
> starting price will attract a high number of potential buyers, and 
> that you will not be wasting your time when you set up the sale.  If 
> the property sells for more than double the starting price, you get 
> more than the escrow amount.
>
> Please note, I am absolutely sure you do not get a lower selling price 
> if you use a lower starting price.  You do more work, and see more 
> people who will not pay the top price, but the top price is the top 
> price no matter where you start.  This is true whether the seller has 
> equity in the property or not.
>
> The lower starting prices and lower implied reserve will ensure that 
> you don't lose 3 days setting up a sale that won't ever happen.  You 
> will do more work at each sale, but you should be able to increase 
> your success ratio to 100%.
>
> Bill Effros
>
>
>
> Betty Pauley wrote:
>
> My name is Betty Pauley, I am a Realtor in Columbia Missouri.
>  
> I have used this method six times, five of the six the homes were sold as a direct result of the sale.  I follow the book very closely, but also utilize the MLS and the Realtor Network.  Two of the five buyers were represented by a Realtor.  I put comments in the MLS remarks section giving information about the sale.  Other Realtors in the community are now starting to copy the method.  I am also getting referrals from other Realtors who do not want to use the method.
>  
> I make sure that there is equity in the property to pay my fee.  The one home that did not sell had no equity and wound up being reposessed.  I learned my lesson from that one. 
>  
> I place a small classified ad to run Wednesday thru Sunday, hold the home open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I purchased the sign package and put signs out everywhere.  If the owner is willing and available, I have them with me at the open houses to answer questions.  I also put the owners phone number on the sign and ad to take the calls. 
>  
> I make it very clear to all potential bidders that nothing is binding until it is in writing on either the buyers or sellers part.  I also state that there is an undisclosed reserve.  When asked what it is,  I just smile sweetly and say 'its undisclosed'....
>   
>  
>  
>  
>  
>  
> ------------------------------------------------------------------------
>
>
>   
>  
>  
>  
>  
>  
> _______________________________________________
> 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
>   
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>
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From bill at effros.com  Tue Jan  6 13:05:03 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 06 Jan 2009 13:05:03 -0500
Subject: [5-DayForum] PDFs
In-Reply-To: <007401c97025$4f3739d0$0702a8c0@accentinc.com>
References: <007401c97025$4f3739d0$0702a8c0@accentinc.com>
Message-ID: <49639D4F.7030107@effros.com>

Keith,

Different PDF programs (and I have several) produce PDFs of wildly 
different quality.

Open Office is free and directly exports PDFs from an open format that 
will import many different proprietary formats. It will then export a 
high quality PDF.

Bill Effros

PS -- Keith, let's try to change subject lines religiously.  This makes 
it so much easier for newbies to take out of the archives without asking 
the same questions over and over.



Keith R. Pinster wrote:
>
> Hi guys,
>
>  
>
> There are several PDF writers out there that just create a "printer" 
> that prints any document from any application to a PDF file so you 
> don't have to produce your document from a specific program.  A few 
> are free, others you have to pay for but are very cheap.  I use one 
> called PDFNow.  I think it cost me about $10.  MUCH cheaper than 
> Adobe.  You can't modify PDFs with it, but most people don't want to.  
> Just modify your source doc and reprint to the PDF Writer.
>
>  
>
> Keith -- Vancouver, WA
>
>  
>
> ------------------------------------------------------------------------
>
> *From:* Bill Effros [mailto:bill at effros.com]
> *Sent:* Monday, January 05, 2009 10:10 AM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] Hudson Invoice 04
>
>  
>
> I'm gone from the Rhodes list -- just talking to my friends back-channel.
>
> Have you tried Open Office?
>
> It exports very nice PDFs.
>
> Bill Effros, Author, Sailor
>
>
>
> Peter Thorn wrote:
>
> Hi Bill,
>
>  
>
> Whoops!  Did Donna Hudson's invoice really hit the 5-day list-serve?
>
>  
>
> Adobe 7.0.  (8.0 was too complicated, so I changed back)
>
>  
>
> Are you really gone from the Rhodes list?  It seems to be improving 
> (from my viewpoint, anyway).  I think some people actually listen to 
> elle and Mary Lou.
>
>  
>
> PT
>
>  
>
>  
>
>  
>
> *From:* 
> 5-dayforum-bounces+pthorn=nc.rr.com at mailman.howtosellyourhomein5days.com 
> <mailto:5-dayforum-bounces+pthorn=nc.rr.com at mailman.howtosellyourhomein5days.com> 
> [mailto:5-dayforum-bounces+pthorn=nc.rr.com at mailman.howtosellyourhomein5days.com] 
> *On Behalf Of *Bill Effros
> *Sent:* Monday, January 05, 2009 12:35 PM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] Hudson Invoice 04
>
>  
>
> Peter,
>
> Glad you're still here.
>
> Also useful to note that this forum passes PDF files.
>
> (I set it all up a while ago, and I have forgotten which boxes I checked.)
>
> What program do you use to convert to PDF?
>
> Bill Effros, Author
>
>
>
> Peter Thorn wrote:
>
>  
>
>  
>
> Pete Thorn
>
> President
>
>  
>
> Peter Thorn Builders
>
> PO Box 16104
>
> Chapel Hill, NC  27516
>
>  
>
> Broker/Realtor
>
> Keller Williams Chapel Hill
>
> 1516 E. Franklin Street, Suite 100
>
> Chapel Hill, NC  27514
>
>  
>
> cell  919 619 6544
>
> desk 919 968 3885
>
> fax 919 967 8714
>
>  
>
>
>
> __________ Information from ESET NOD32 Antivirus, version of virus 
> signature database 3739 (20090105) __________
>
> The message was checked by ESET NOD32 Antivirus.
>
> http://www.eset.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
>   
>
>
>
> __________ Information from ESET NOD32 Antivirus, version of virus 
> signature database 3739 (20090105) __________
>
> The message was checked by ESET NOD32 Antivirus.
>
> http://www.eset.com
>
>
>
> __________ Information from ESET NOD32 Antivirus, version of virus 
> signature database 3739 (20090105) __________
>
> The message was checked by ESET NOD32 Antivirus.
>
> http://www.eset.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
>   
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>
> _______________________________________________
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From bill at effros.com  Tue Jan  6 13:08:38 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 06 Jan 2009 13:08:38 -0500
Subject: [5-DayForum] Short Sales
In-Reply-To: <007e01c97027$5345f960$0702a8c0@accentinc.com>
References: <007e01c97027$5345f960$0702a8c0@accentinc.com>
Message-ID: <49639E26.50203@effros.com>

Keith,

A lot of banks were playing for extra mortgage payments by slowing down 
short sales.  That's not working any more in many parts of the country 
where buyers are simply sending the keys in an envelope after moving out 
after not making mortgage payments for as long as they can get away with it.

I am hearing from some people that Short Sales are speeding up if the 
bank is serious.

Bill Effros



Keith R. Pinster wrote:
>
> Just to note -- I've had MUCH greater success getting the court to 
> approve a sale than getting a bank to move.  Banks on the whole take 
> their own sweet time and will not move faster no matter what the 
> situation, whereas getting an approval through the court is much 
> easier and you should know if the sale is approved on the day you see 
> the judge.  Trust me, you have it easier going to a judge than doing a 
> short sale.  J
>
>  
>
> Keith -- Vancouver, WA
>
>  
>
> ------------------------------------------------------------------------
>
> *From:* Loveandmoney05 at aol.com [mailto:Loveandmoney05 at aol.com]
> *Sent:* Tuesday, January 06, 2009 6:27 AM
> *To:* 5-dayforum at mailman.howtosellyourhomein5days.com
> *Subject:* Re: [5-DayForum] Conservatorship
>
>  
>
> I assume Bill will respond, but in my opinion this will not be unlike 
> a short sale situation in which you inform the buyer that there will 
> be a delay for an unknown (assumed) period of time, and that there are 
> no guarantees it will happen.  You would have this same situation if 
> you sold via a realtor.  The only difference is with a 5-day YOU will 
> be the one informing the buyer not the agent.  As with a short sale, 
> you may lose a buyer if they dont care to wait BUT if the deal is a 
> good one for them, they may be able to accommodate the waiting period.
>
> Good luck to you.
>
> Danielle
>
> buyer/seller/investor
>
>  
>
> In a message dated 1/5/2009 10:28:52 P.M. Eastern Standard Time, 
> patricialone at hotmail.com writes:
>
>     Hi Bill,
>
>     I am in a bit of a quandry and turmoil with my situation.  My
>     father is quite aged and therefore I have become the conservator
>     if his estate.  I have full authority from the courts to do
>     anything, EXCEPT when selling real estate.  When a sale takes
>     place I have to go to the court and get approval to sell the real
>     estate.  Will the 5-day sale still work with this exception (and
>     delay) in place? ...and please, share any other thoughts you
>     have.  I really need some help to get all of my father's
>     properties back up and running efficiently and profitably.  (I
>     definitely want to sell some as quickly as I can (of course
>     for the most I can get for them in this market and in their
>     present condition).  Right now, there are just too many of them to
>     manage appropriately.  I need help...
>
>     **Patricia **
>     **Seller/Landlord***
>
>     **           "If you need help, ask God; If you don't, thank God."***
>
>
>
>     =
>
>     _______________________________________________
>     5-DayForum mailing list
>     5-DayForum at mailman.howtosellyourhomein5days.com
>     http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
>
> ------------------------------------------------------------------------
>
> New year...new news. Be the first to know what is making headlines 
> <http://www.aol.com/?ncid=emlcntaolcom00000026>.
>
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>
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From bill at effros.com  Tue Jan  6 13:13:02 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 06 Jan 2009 13:13:02 -0500
Subject: [5-DayForum] sellers sharing
In-Reply-To: <008301c97028$7329c5d0$0702a8c0@accentinc.com>
References: <008301c97028$7329c5d0$0702a8c0@accentinc.com>
Message-ID: <49639F2E.8010909@effros.com>

JC --

I don't even know what the issue is here, but the subject line format 
has proved very useful -- just go back into the archives and see how 
easy it is to follow 5-Day Sales in the format

City; State; Day

Every newbie can follow all the ins and outs of as many sales as they 
need to see in any region of the country and homes with many different 
selling prices.

Old timers can follow along without reading everything, and help if they 
are on line while sales are in progress and "things come up".

Bill Effros



Keith R. Pinster wrote:
>
> Actually, JC, most of us appreciate that you are (or were) giving us a 
> daily update on your progress and sharing the changes you made to the 
> process.  We are very interested in seeing how things work out for you.
>
>  
>
> I liked the one suggestion that one of the people made a while ago 
> that asked you to put the date and city in the subject line so that 
> those of us who want to follow along with you know what to look for 
> and those who don't can just skip that message.  Would you be willing 
> to start doing that?  It would be greatly appreciated.
>
>  
>
> Keith -- Vancouver, WA
>
>  
>
> ------------------------------------------------------------------------
>
> *From:* j crafor [mailto:jcrafor at hotmail.com]
> *Sent:* Tuesday, January 06, 2009 7:25 AM
> *To:* 5-dayforum at mailman.how tosellyour home
> *Subject:* Re: [5-DayForum] sellers sharing
>
>  
>
> "I assume that you'd like to see more sellers share info here.  I 
> would too, but that's not the way it is right now."
>
> Danielle
>
>  
> Several of you complained recently when I, a seller, shared.
> Which is it?
> JCrafor
>
> ------------------------------------------------------------------------
>
>
> From: Loveandmoney05 at aol.com
> Date: Tue, 6 Jan 2009 09:46:39 -0500
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Bill Effros on his 5 Day forum, not Realtors 
> & Investors tel...
>
>
>
> I am very glad Bill is back, as well.  His opinion is very valuable 
> and he keeps things on track.
>
> I must comment on your investor/realtor comment.  I have been on this 
> forum and have been pretty active for about a year.  In that time, i 
> can recall about 2 or 3 individuals who have obviously acted in their 
> own self-interests as investors or realtors.  The overwhelming number 
> of responses from investors/realtors have been helpful.
>
> Speaking for myself, the forum can be very quiet and people dont 
> always get answers from other FSBOers.  I help when i can.  I dont 
> speak for the realtors here, but i think they have done their best to 
> help others in a very difficult market.  They dont follow Bills method 
> exactly, but they cannot do so according to sate laws and MLS rules.
>
> I assume that you'd like to see more sellers share info here.  I would 
> too, but that's not the way it is right now.
>
> Danielle
>
> Buyer/seller/investor
>
>  
>
> In a message dated 1/6/2009 12:36:37 A.M. Eastern Standard Time, 
> tgarter at comcast.net writes:
>
>     Bill,
>     I wanted to add my appreciation.  Thank you for participating on
>     the forum.  I read your book and have been following this site for
>     a few months.  I became a believer when I read the book, but the
>     professional realtors and investors had taken over the forum. 
>     It's nice to hear the author speak with authority.
>     Sincerely,
>     Tom Garter
>
>
>     ---- Original Message -----
>     From: "Bill Effros" <bill at effros.com>
>     To: "How To Sell Your Home in 5-Days"
>     <5-dayforum at mailman.howtosellyourhomein5days.com>
>     Sent: Monday, January 5, 2009 9:28:32 PM GMT -05:00 US/Canada Eastern
>     Subject: Re: [5-DayForum] bad credit ok?
>
>     Absolutely.
>
>     You are trying to gauge interest, not credit worthiness.
>
>     These people won't turn out to be the real buyers, anyhow, but
>     they will drive the real buyers into the fair market value range.
>
>     Don't do seller financing, but still count them.  The real buyers
>     will have the credit, and you won't get any more money from the
>     people who ask about seller financing.
>
>     Bill Effros
>
>
>
>     j crafor wrote:
>
>
>
>     do we count the responses that ask if bad credit is okay?
>     And if the seller is financing?
>
>     ------------------------------------------------------------------------
>
>     Life on your PC is safer, easier, and more enjoyable with Windows
>     Vista?. See how <http://clk.atdmt.com/MRT/go/127032870/direct/01/>
>
>
>
>     ------------------------------------------------------------------------
>
>
>      
>
>     _______________________________________________
>
>     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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>     _______________________________________________
>     5-DayForum mailing list
>     5-DayForum at mailman.howtosellyourhomein5days.com
>     http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
>
> ------------------------------------------------------------------------
>
> New year...new news. Be the first to know what is making headlines 
> <http://www.aol.com/?ncid=emlcntaolcom00000026>.
>
>  
>
> ------------------------------------------------------------------------
>
> Life on your PC is safer, easier, and more enjoyable with Windows 
> Vista?. See how <http://clk.atdmt.com/MRT/go/127032870/direct/01/>
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From bill at effros.com  Tue Jan  6 13:34:46 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 06 Jan 2009 13:34:46 -0500
Subject: [5-DayForum] Archives
Message-ID: <4963A446.8070509@effros.com>

The answer to every question asked to date can be found in the Archives.

To View Prior Months' Archives:

www.5-DayForum.com

Click on "About the Forum" link below the 4 blue buttons on the left
side of the home page

Click on "5-DayForum Archives" in the second paragraph of the first topic.

If you are a list member this should give you access to every question
and answer ever posted on the Forum including a downloadable text
version for each month.

You can sort the archives by thread, date, author and subject.

Bill Effros, Author





From rcohn4 at cox.net  Tue Jan  6 13:06:22 2009
From: rcohn4 at cox.net (Rick Cohn)
Date: Tue, 6 Jan 2009 13:06:22 -0500
Subject: [5-DayForum] Archives
In-Reply-To: <49637D7F.6040007@effros.com>
Message-ID: <CGEFKAEGNIMKEIOJCDBDAEOJCLAA.rcohn4@cox.net>

I'm glad you mentioned searching the archives. Can you please direct me to
the search feature? I cannot locate it.
Thank you,
Rick Cohn
PS-This is embarrassing because you have probably answered this question
already.
But, in a good example of irony,  I cannot find the answer to the question
it if I don't know how to search.



-----Original Message-----
From: 5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.com
[mailto:5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.c
om]On Behalf Of Bill Effros
Sent: Tuesday, January 06, 2009 10:49 AM
To: 5-DayForum
Subject: [5-DayForum] Archives


The archives this system creates are truly amazing.

Everything ever said on this Forum is there--instantly.

Want to know what somebody said 6 months ago?  Look it up.  You can do
it in seconds.

Don't want to get a lot of email--go into vacation mode and just find
what you need in the archives.

Let's build up the archives to answer questions that get asked over and
over.

Bill Effros, Author


_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
No virus found in this incoming message.
Checked by AVG - http://www.avg.com
Version: 8.0.176 / Virus Database: 270.10.2/1876 - Release Date: 1/6/2009
7:56 AM


From bill at effros.com  Tue Jan  6 13:44:01 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 06 Jan 2009 13:44:01 -0500
Subject: [5-DayForum] Archives
In-Reply-To: <CGEFKAEGNIMKEIOJCDBDAEOJCLAA.rcohn4@cox.net>
References: <CGEFKAEGNIMKEIOJCDBDAEOJCLAA.rcohn4@cox.net>
Message-ID: <4963A671.9020407@effros.com>

Rick,

I cleared this after posting the archives stock answer which hasn't been 
posted in too long.  From now on your questions will go directly to the 
Forum without needing clearance.

My posting was in response to yours, not the other way around.

Bill Effros, List Administrator



Rick Cohn wrote:
> I'm glad you mentioned searching the archives. Can you please direct me to
> the search feature? I cannot locate it.
> Thank you,
> Rick Cohn
> PS-This is embarrassing because you have probably answered this question
> already.
> But, in a good example of irony,  I cannot find the answer to the question
> it if I don't know how to search.
>
>
>
> -----Original Message-----
> From: 5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.com
> [mailto:5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.c
> om]On Behalf Of Bill Effros
> Sent: Tuesday, January 06, 2009 10:49 AM
> To: 5-DayForum
> Subject: [5-DayForum] Archives
>
>
> The archives this system creates are truly amazing.
>
> Everything ever said on this Forum is there--instantly.
>
> Want to know what somebody said 6 months ago?  Look it up.  You can do
> it in seconds.
>
> Don't want to get a lot of email--go into vacation mode and just find
> what you need in the archives.
>
> Let's build up the archives to answer questions that get asked over and
> over.
>
> Bill Effros, Author
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> No virus found in this incoming message.
> Checked by AVG - http://www.avg.com
> Version: 8.0.176 / Virus Database: 270.10.2/1876 - Release Date: 1/6/2009
> 7:56 AM
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>   

From Loveandmoney05 at aol.com  Tue Jan  6 13:50:54 2009
From: Loveandmoney05 at aol.com (Loveandmoney05 at aol.com)
Date: Tue, 6 Jan 2009 13:50:54 EST
Subject: [5-DayForum] Conservatorship
Message-ID: <cac.477d3772.3695020e@aol.com>

True.  The good news is that short sales are getting faster and easier  due 
to some banks understanding of reality in some markets.
Danielle
 
 
In a message dated 1/6/2009 12:56:31 P.M. Eastern Standard Time,  
keith.pinster at comcast.net writes:

 
Just to note ? I?ve  had MUCH greater success getting the court to approve a 
sale than getting a  bank to move.  Banks on the whole take their own sweet 
time and will not  move faster no matter what the situation, whereas getting an 
approval through  the court is much easier and you should know if the sale is 
approved on the  day you see the judge.  Trust me, you have it easier going 
to a judge  than doing a short sale.  J 
Keith ? Vancouver,  WA 
 
  
____________________________________
 
From:  Loveandmoney05 at aol.com [mailto:Loveandmoney05 at aol.com] 
Sent: Tuesday, January 06, 2009 6:27  AM
To:  5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum]  Conservatorship
 
I assume Bill will  respond, but in my opinion this will not be unlike a 
short sale situation in  which you inform the buyer that there will be a delay for 
an unknown (assumed)  period of time, and that there are no guarantees it 
will happen.  You  would have this same situation if you sold via a realtor.  The 
only  difference is with a 5-day YOU will be the one informing the buyer not 
the  agent.  As with a short sale, you may lose a buyer if they dont care to  
wait BUT if the deal is a good one for them, they may be able to accommodate  
the waiting period.
 
Good luck to  you.
 
Danielle
 
buyer/seller/investor
 

 
 
In a message dated  1/5/2009 10:28:52 P.M. Eastern Standard Time, 
patricialone at hotmail.com  writes:

Hi Bill,

I  am in a bit of a quandry and turmoil with my situation.  My father is  
quite aged and therefore I have become the conservator if his estate.   I have 
full authority from the courts to do anything, EXCEPT when  selling real estate. 
 When a sale takes place I have to  go to the court and get approval to sell 
the real estate.  Will  the 5-day sale still work with this exception (and 
delay) in place? ...and  please, share any other thoughts you have.  I really 
need some help to  get all of my father's properties back up and running 
efficiently and  profitably.  (I definitely want to sell some as quickly as I can (of  
course for the most I can get for them in this market and in their  present 
condition).  Right now, there are just too many of  them to manage 
appropriately.  I need help...  

Patricia  
Seller/Landlord

"If  you need help, ask God; If you don't, thank  God." 


=

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




  
____________________________________
 
New  year...new news. Be the first to know what is making _headlines_ 
(http://www.aol.com/?ncid=emlcntaolcom00000026) .



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


**************New year...new news.  Be the first to know what is making 
headlines. (http://www.aol.com/?ncid=emlcntaolcom00000026)
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From bill at effros.com  Tue Jan  6 13:51:23 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 06 Jan 2009 13:51:23 -0500
Subject: [5-DayForum] looking for advice about selling in Michigan
In-Reply-To: <BC4A03162D17824AB5BF5EEED2DEF204267F62EC@EX7SM01.ad.uky.edu>
References: <BC4A03162D17824AB5BF5EEED2DEF204267F62EC@EX7SM01.ad.uky.edu>
Message-ID: <4963A82B.8020808@effros.com>

Kristen,

Many people have sold homes in 5 days at great distances.  It is 
difficult to control your property when you're not there.  If you think 
home values will go up, and you can afford to hold, don't sell.

When you are ready to sell, start very low to ensure 25 responses by 
Friday night, and just take the high bid on Sunday.

Renters often go out of their way to thwart sellers from selling their 
homes out from under them.  It is usually much better to run a 5-Day 
Sale with no renters in the property.

The 5-Day Method works every time if you follow it exactly.  It doesn't 
matter what time of year.  Just avoid the 3 day weekends on which you 
can get enormous traffic, but can't be sure you'll get the highest price.

Bill Effros



Perry, Kristen H wrote:
>
> Hi Bill,
>
> Thanks for the honest advice. I realize I'm going to probably take a 
> big hit on the sale of this house, and am trying to come to terms with 
> that fact! I'm willing to give this 5-day method a try, since the 
> realtor method didn't work so well for me. My house is rented through 
> July, and the rent covers the mortgage, taxes, and insurance, so there 
> isn't any immediate urgency...other than that I really don't want to 
> own two houses any more. I had originally thought about trying to sell 
> the place in the next few weeks, but I now think it's better for me to 
> wait until May or June. I am not doing this in the hopes that the 
> market will be much better -- I know the book says that waiting until 
> spring isn't really a good idea -- but it fits better with my 
> schedule. I'm a university professor, and spending a week on trying to 
> sell the house will be a lot easier for me at that time of year than 
> it would be now, especially since I'll have to come up from Kentucky 
> to do it. While Lansing's market isn't great (and probably will just 
> get worse), the summer does have the slight advantage of new faculty 
> and grad students looking for housing (my home is very close to 
> Michigan State University). Also, the weather at this time of the year 
> is unpredictable and often atrocious...I'd hate to spend 5 days 
> advertising the house, only to have few people be able to show up 
> because of a blizzard! I'll stay tuned to the forum for more advice. I 
> appreciate the expertise that's available here...and I think it's 
> REALLY neat that Bill responds to these messages!
>
> Kristen
>
>  
>
>  
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 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  Tue Jan  6 14:01:58 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 06 Jan 2009 14:01:58 -0500
Subject: [5-DayForum] seeking answers
In-Reply-To: <314975.85898.qm@web81007.mail.mud.yahoo.com>
References: <314975.85898.qm@web81007.mail.mud.yahoo.com>
Message-ID: <4963AAA6.7060402@effros.com>

David,

Start your home at $249,500.  If it is currently worth $595,000 you will 
get it.  Read the book for details.

The current market price for your home is probably below $500,000 at 
this time--whether you believe it or not.

If you think it will go up, don't use the 5-Day Method until you think 
the market in your area has improved.  You will know when you start 
getting offers in excess of $500,000.

I believe we have entered a depression, where the prices of things 
actually declines.  That will be just about everything from gas to 
houses to clothes to cars.  There is no telling how long it will last.  
It lasted for 10 years in Japan recently, and the Great Depression 
lasted for roughly 10 years, also.

When we come out of the depression we should enter a period of wild 
inflation.  Can you afford to hold your property that long?  Rental 
income will increase, insurance will go down (because the homes are not 
worth as much) taxes will not increase sufficiently to cover government 
costs, but property taxes surely will go up.

Read the book, then get back with questions.  It's not a pretty picture, 
and the 5-Day Method doesn't change market values.  It only will get you 
the top end of the current market value if exactly followed.

Bill Effros, Author



dberning at flash.net wrote:
> I just looked through the book and decided to come home and check the 
> website.  I decided to join the forum and plan to go back and buy the 
> book but thought I would ask some questions.
>  
> I am in Fort Worth, TX.  I purchased an investment property and did an 
> extensive remodel.  The home is in an old established neighborhood 
> that is quite wealthy.  It has been on the market since July of 2006.  
> Our initial asking price was $875,000 and was in the middle of the 
> price range of all the active listings at that time.  My last listing 
> just expired and it was listed at $595,000.  As you can see, the 
> traditional selling method has not worked.  It is baffling because the 
> Dallas/Fort Worth market has been one of the strongest markets in the 
> U.S. with home prices being very stable.  Homes that are currently 
> listed in this neighborhood are going for $185 sq. ft to upwards of 
> $226 sq. ft.  and includes both new and existing homes.   At $595,000, 
> my home is $136 sq. ft.
>  
> I am intrigued by the 5-day method but concerned about ending up 
> selling my house for a big loss.  I have had one verbal offer of 
> $500,000 over a year ago and one written but not dated offer of 
> $415,000.  I was not going to give the thing away and declined both 
> offers.  All the agents just shake their heads and are also baffled as 
> to why it has not sold. If you would like to view the property you can 
> go to www.homeworks-llc.com <http://www.homeworks-llc.com/>.  My 
> question.  What do I put as the starting bid price?  I am already 
> close to 50% of what the market prices are right now.  The sharks are 
> circling!!!  Any advice or help would be appreciated.
>  
> David Berning
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From rocky at oceanrei.com  Tue Jan  6 14:03:41 2009
From: rocky at oceanrei.com (rocky at oceanrei.com)
Date: Tue, 6 Jan 2009 19:03:41 +0000
Subject: [5-DayForum] Archives
In-Reply-To: <4963A671.9020407@effros.com>
References: <CGEFKAEGNIMKEIOJCDBDAEOJCLAA.rcohn4@cox.net><4963A671.9020407@effros.com>
Message-ID: <1893853877-1231268594-cardhu_decombobulator_blackberry.rim.net-1119753220-@bxe015.bisx.prod.on.blackberry>

Take me off of this email list
Thabks
Rocky at oceanrei.com
Sent from my Verizon Wireless BlackBerry

-----Original Message-----
From: Bill Effros <bill at effros.com>

Date: Tue, 06 Jan 2009 13:44:01 
To: How To Sell Your Home in 5-Days<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: Re: [5-DayForum] Archives


Rick,

I cleared this after posting the archives stock answer which hasn't been 
posted in too long.  From now on your questions will go directly to the 
Forum without needing clearance.

My posting was in response to yours, not the other way around.

Bill Effros, List Administrator



Rick Cohn wrote:
> I'm glad you mentioned searching the archives. Can you please direct me to
> the search feature? I cannot locate it.
> Thank you,
> Rick Cohn
> PS-This is embarrassing because you have probably answered this question
> already.
> But, in a good example of irony,  I cannot find the answer to the question
> it if I don't know how to search.
>
>
>
> -----Original Message-----
> From: 5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.com
> [mailto:5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.c
> om]On Behalf Of Bill Effros
> Sent: Tuesday, January 06, 2009 10:49 AM
> To: 5-DayForum
> Subject: [5-DayForum] Archives
>
>
> The archives this system creates are truly amazing.
>
> Everything ever said on this Forum is there--instantly.
>
> Want to know what somebody said 6 months ago?  Look it up.  You can do
> it in seconds.
>
> Don't want to get a lot of email--go into vacation mode and just find
> what you need in the archives.
>
> Let's build up the archives to answer questions that get asked over and
> over.
>
> Bill Effros, Author
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> No virus found in this incoming message.
> Checked by AVG - http://www.avg.com
> Version: 8.0.176 / Virus Database: 270.10.2/1876 - Release Date: 1/6/2009
> 7:56 AM
>
> _______________________________________________
> 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 bill at effros.com  Tue Jan  6 14:06:38 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 06 Jan 2009 14:06:38 -0500
Subject: [5-DayForum] How To Unsubscribe -- Scott Ames Version
Message-ID: <4963ABBE.2060300@effros.com>

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

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

2.  Scroll to the bottom where it says  "5-DayForum Subscribers"

3.  Enter your email address

4.  Press: Unsubscribe or edit options

5.  Press the Unsubscribe Button



From rosemarie-fred at mindspring.com  Tue Jan  6 14:26:57 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Tue, 6 Jan 2009 14:26:57 -0500
Subject: [5-DayForum] Twofer - opinions, please!
Message-ID: <12382DB3B4F645B6AE41B743A99EE65E@rosemarifv6onv>

We have been lease-optioning a house for four years. It has been a money pit. We need to get rid of it. Next door is a similar house, similar problem. Both are nice houses - the neighbor's is fixed up better but we have a garage. Values are about the same - a year ago about $150,000; now about $100,000. We are thinking about running a 5 day sale for both houses. It would cut the cost of advertising, and we could share the work.  An investor might want both, or we could sell separately when buyers show up.  I'm just wondering how we would change the ad, and would we need 50 calls? 
Any advice, ideas, opinions would be gratefully accepted!
Rosemarie
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From rcohn4 at cox.net  Tue Jan  6 14:33:22 2009
From: rcohn4 at cox.net (Rick Cohn)
Date: Tue, 6 Jan 2009 14:33:22 -0500
Subject: [5-DayForum] Archives
In-Reply-To: <4963A671.9020407@effros.com>
Message-ID: <CGEFKAEGNIMKEIOJCDBDIEOLCLAA.rcohn4@cox.net>


My question regards using the Archive Search Feature. I received a response
from Bill, but it confused me. I still do not know the answer to my
question.
If an archive search feature exists, how can I access it?

Thanks again,
Rick Cohn



-----Original Message-----
From: 5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.com
[mailto:5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.c
om]On Behalf Of Bill Effros
Sent: Tuesday, January 06, 2009 1:44 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Archives


Rick,

I cleared this after posting the archives stock answer which hasn't been
posted in too long.  From now on your questions will go directly to the
Forum without needing clearance.

My posting was in response to yours, not the other way around.

Bill Effros, List Administrator



Rick Cohn wrote:
> I'm glad you mentioned searching the archives. Can you please direct me to
> the search feature? I cannot locate it.
> Thank you,
> Rick Cohn
> PS-This is embarrassing because you have probably answered this question
> already.
> But, in a good example of irony,  I cannot find the answer to the question
> it if I don't know how to search.
>
>
>
> -----Original Message-----
> From:
5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.com
>
[mailto:5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.c
> om]On Behalf Of Bill Effros
> Sent: Tuesday, January 06, 2009 10:49 AM
> To: 5-DayForum
> Subject: [5-DayForum] Archives
>
>
> The archives this system creates are truly amazing.
>
> Everything ever said on this Forum is there--instantly.
>
> Want to know what somebody said 6 months ago?  Look it up.  You can do
> it in seconds.
>
> Don't want to get a lot of email--go into vacation mode and just find
> what you need in the archives.
>
> Let's build up the archives to answer questions that get asked over and
> over.
>
> Bill Effros, Author
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
>
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> No virus found in this incoming message.
> Checked by AVG - http://www.avg.com
> Version: 8.0.176 / Virus Database: 270.10.2/1876 - Release Date: 1/6/2009
> 7:56 AM
>
> _______________________________________________
> 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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7:56 AM


From jcrafor at hotmail.com  Tue Jan  6 15:02:37 2009
From: jcrafor at hotmail.com (j crafor)
Date: Tue, 6 Jan 2009 20:02:37 +0000
Subject: [5-DayForum] Archive search feature
In-Reply-To: <CGEFKAEGNIMKEIOJCDBDIEOLCLAA.rcohn4@cox.net>
References: <4963A671.9020407@effros.com>
	<CGEFKAEGNIMKEIOJCDBDIEOLCLAA.rcohn4@cox.net>
Message-ID: <BAY135-W56D21A75F37DD089048037AEDE0@phx.gbl>


I have not had any luck with the archive search feature, either. That seems to be a general problem with various archives.
What I have done, then is go to each separate month and used the "search by subject" link.
 
That MIGHT help, but too often, people don't use appropriate subject headings, or, when changing the subject, don't change the current heading.
 
JCrafor> From: rcohn4 at cox.net> To: 5-dayforum at mailman.howtosellyourhomein5days.com> Date: Tue, 6 Jan 2009 14:33:22 -0500> Subject: Re: [5-DayForum] Archives> > > My question regards using the Archive Search Feature. I received a response> from Bill, but it confused me. I still do not know the answer to my> question.> If an archive search feature exists, how can I access it?> > Thanks again,> Rick Cohn> > > > -----Original Message-----> From: 5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.com> [mailto:5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.c> om]On Behalf Of Bill Effros> Sent: Tuesday, January 06, 2009 1:44 PM> To: How To Sell Your Home in 5-Days> Subject: Re: [5-DayForum] Archives> > > Rick,> > I cleared this after posting the archives stock answer which hasn't been> posted in too long. From now on your questions will go directly to the> Forum without needing clearance.> > My posting was in response to yours, not the other way around.> > Bill Effros, List Administrator> > > > Rick Cohn wrote:> > I'm glad you mentioned searching the archives. Can you please direct me to> > the search feature? I cannot locate it.> > Thank you,> > Rick Cohn> > PS-This is embarrassing because you have probably answered this question> > already.> > But, in a good example of irony, I cannot find the answer to the question> > it if I don't know how to search.> >> >> >> > -----Original Message-----> > From:> 5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.com> >> [mailto:5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.c> > om]On Behalf Of Bill Effros> > Sent: Tuesday, January 06, 2009 10:49 AM> > To: 5-DayForum> > Subject: [5-DayForum] Archives> >> >> > The archives this system creates are truly amazing.> >> > Everything ever said on this Forum is there--instantly.> >> > Want to know what somebody said 6 months ago? Look it up. You can do> > it in seconds.> >> > Don't want to get a lot of email--go into vacation mode and just find> > what you need in the archives.> >> > Let's build up the archives to answer questions that get asked over and> > over.> >> > Bill Effros, Author> >> >> > _______________________________________________> > 5-DayForum mailing list> > 5-DayForum at mailman.howtosellyourhomein5days.com> >> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum> > No virus found in this incoming message.> > Checked by AVG - http://www.avg.com> > Version: 8.0.176 / Virus Database: 270.10.2/1876 - Release Date: 1/6/2009> > 7:56 AM> >> > _______________________________________________> > 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> No virus found in this incoming message.> Checked by AVG - http://www.avg.com> Version: 8.0.176 / Virus Database: 270.10.2/1876 - Release Date: 1/6/2009> 7:56 AM> > _______________________________________________> 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  Tue Jan  6 16:00:26 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 06 Jan 2009 16:00:26 -0500
Subject: [5-DayForum] Archives
In-Reply-To: <CGEFKAEGNIMKEIOJCDBDIEOLCLAA.rcohn4@cox.net>
References: <CGEFKAEGNIMKEIOJCDBDIEOLCLAA.rcohn4@cox.net>
Message-ID: <4963C66A.5030601@effros.com>

Rick,

It used to be possible to simply search the archives using Google.  But 
Google has gotten better at selling things than at finding what you're 
looking for.

Google now offers a paid service for site searching.

Other free services still exist.

I find for my own purposes it takes less time to simply peruse the 
archives--provided people are changing subject lines to reflect content.

Also, look for all the content from any individual you find helpful on 
the Forum.  (Sort by author).  Then follow the threads (Sort by thread) 
you find interesting.

Or, download a month's responses into a word processor, and use the 
search function in the word processor.

Or, download archives into a free form database search engine like 
InfoSelect, and find everything you want.

Bill Effros



Rick Cohn wrote:
> My question regards using the Archive Search Feature. I received a response
> from Bill, but it confused me. I still do not know the answer to my
> question.
> If an archive search feature exists, how can I access it?
>
> Thanks again,
> Rick Cohn
>
>
>
> -----Original Message-----
> From: 5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.com
> [mailto:5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.c
> om]On Behalf Of Bill Effros
> Sent: Tuesday, January 06, 2009 1:44 PM
> To: How To Sell Your Home in 5-Days
> Subject: Re: [5-DayForum] Archives
>
>
> Rick,
>
> I cleared this after posting the archives stock answer which hasn't been
> posted in too long.  From now on your questions will go directly to the
> Forum without needing clearance.
>
> My posting was in response to yours, not the other way around.
>
> Bill Effros, List Administrator
>
>
>
> Rick Cohn wrote:
>   
>> I'm glad you mentioned searching the archives. Can you please direct me to
>> the search feature? I cannot locate it.
>> Thank you,
>> Rick Cohn
>> PS-This is embarrassing because you have probably answered this question
>> already.
>> But, in a good example of irony,  I cannot find the answer to the question
>> it if I don't know how to search.
>>
>>
>>
>> -----Original Message-----
>> From:
>>     
> 5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.com
>   
> [mailto:5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.c
>   
>> om]On Behalf Of Bill Effros
>> Sent: Tuesday, January 06, 2009 10:49 AM
>> To: 5-DayForum
>> Subject: [5-DayForum] Archives
>>
>>
>> The archives this system creates are truly amazing.
>>
>> Everything ever said on this Forum is there--instantly.
>>
>> Want to know what somebody said 6 months ago?  Look it up.  You can do
>> it in seconds.
>>
>> Don't want to get a lot of email--go into vacation mode and just find
>> what you need in the archives.
>>
>> Let's build up the archives to answer questions that get asked over and
>> over.
>>
>> Bill Effros, Author
>>
>>
>> _______________________________________________
>> 5-DayForum mailing list
>> 5-DayForum at mailman.howtosellyourhomein5days.com
>>
>>     
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
>> No virus found in this incoming message.
>> Checked by AVG - http://www.avg.com
>> Version: 8.0.176 / Virus Database: 270.10.2/1876 - Release Date: 1/6/2009
>> 7:56 AM
>>
>> _______________________________________________
>> 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
> No virus found in this incoming message.
> Checked by AVG - http://www.avg.com
> Version: 8.0.176 / Virus Database: 270.10.2/1876 - Release Date: 1/6/2009
> 7:56 AM
>
> _______________________________________________
> 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  Tue Jan  6 16:05:03 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 06 Jan 2009 16:05:03 -0500
Subject: [5-DayForum] Twofer - opinions, please!
In-Reply-To: <12382DB3B4F645B6AE41B743A99EE65E@rosemarifv6onv>
References: <12382DB3B4F645B6AE41B743A99EE65E@rosemarifv6onv>
Message-ID: <4963C77E.30506@effros.com>

Rosemarie,

Lose that idea!

The 2 houses will compete with each other.  Even if you get 50 
responses, you will only get 3 real buyers, and the last 2 will decide 
that one takes one house and the other takes the other, each for far 
less money they would have had to spend if they were bidding against 
each other up until the end.

You must offer the houses on different weekends.  When the market was 
advancing, it generally paid to offer the home you thought would bring 
less money first, and the other home would get more when it was the only 
one left on the market and the buyers saw you really did sell to the 
high bidder.

With homes worth less every day, I'm not sure what to advise.  Keep us 
posted--but don't sell them both at the same time.

Bill



rosemarie-fred wrote:
> We have been lease-optioning a house for four years. It has been a 
> money pit. We need to get rid of it. Next door is a similar house, 
> similar problem. Both are nice houses - the neighbor's is fixed up 
> better but we have a garage. Values are about the same - a year ago 
> about $150,000; now about $100,000. We are thinking about running a 5 
> day sale for both houses. It would cut the cost of advertising, and we 
> could share the work.  An investor might want both, or we could sell 
> separately when buyers show up.  I'm just wondering how we would 
> change the ad, and would we need 50 calls? 
> Any advice, ideas, opinions would be gratefully accepted!
> Rosemarie
>  
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From rcohn4 at cox.net  Tue Jan  6 16:07:52 2009
From: rcohn4 at cox.net (Rick Cohn)
Date: Tue, 6 Jan 2009 16:07:52 -0500
Subject: [5-DayForum] Archives
In-Reply-To: <4963C66A.5030601@effros.com>
Message-ID: <CGEFKAEGNIMKEIOJCDBDKEOMCLAA.rcohn4@cox.net>

You provided some good suggestions.
Thank you.
Rick Cohn
  -----Original Message-----
  From:
5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.com
[mailto:5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.c
om]On Behalf Of Bill Effros
  Sent: Tuesday, January 06, 2009 4:00 PM
  To: How To Sell Your Home in 5-Days
  Subject: Re: [5-DayForum] Archives


  Rick,

  It used to be possible to simply search the archives using Google.  But
Google has gotten better at selling things than at finding what you're
looking for.

  Google now offers a paid service for site searching.

  Other free services still exist.

  I find for my own purposes it takes less time to simply peruse the
archives--provided people are changing subject lines to reflect content.

  Also, look for all the content from any individual you find helpful on the
Forum.  (Sort by author).  Then follow the threads (Sort by thread) you find
interesting.

  Or, download a month's responses into a word processor, and use the search
function in the word processor.

  Or, download archives into a free form database search engine like
InfoSelect, and find everything you want.

  Bill Effros



  Rick Cohn wrote:
My question regards using the Archive Search Feature. I received a response
from Bill, but it confused me. I still do not know the answer to my
question.
If an archive search feature exists, how can I access it?

Thanks again,
Rick Cohn



-----Original Message-----
From: 5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.com
[mailto:5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.c
om]On Behalf Of Bill Effros
Sent: Tuesday, January 06, 2009 1:44 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Archives


Rick,

I cleared this after posting the archives stock answer which hasn't been
posted in too long.  From now on your questions will go directly to the
Forum without needing clearance.

My posting was in response to yours, not the other way around.

Bill Effros, List Administrator



Rick Cohn wrote:
  I'm glad you mentioned searching the archives. Can you please direct me to
the search feature? I cannot locate it.
Thank you,
Rick Cohn
PS-This is embarrassing because you have probably answered this question
already.
But, in a good example of irony,  I cannot find the answer to the question
it if I don't know how to search.



-----Original Message-----
From:
    5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days.com
  [mailto:5-dayforum-bounces+rcohn4=cox.net at mailman.howtosellyourhomein5days
.c
  om]On Behalf Of Bill Effros
Sent: Tuesday, January 06, 2009 10:49 AM
To: 5-DayForum
Subject: [5-DayForum] Archives


The archives this system creates are truly amazing.

Everything ever said on this Forum is there--instantly.

Want to know what somebody said 6 months ago?  Look it up.  You can do
it in seconds.

Don't want to get a lot of email--go into vacation mode and just find
what you need in the archives.

Let's build up the archives to answer questions that get asked over and
over.

Bill Effros, Author


_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com

    http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayfo
rum
  No virus found in this incoming message.
Checked by AVG - http://www.avg.com
Version: 8.0.176 / Virus Database: 270.10.2/1876 - Release Date: 1/6/2009
7:56 AM

_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com

    http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayfo
rum
      _______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
No virus found in this incoming message.
Checked by AVG - http://www.avg.com
Version: 8.0.176 / Virus Database: 270.10.2/1876 - Release Date: 1/6/2009
7:56 AM

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


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From bill at effros.com  Tue Jan  6 17:42:21 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 06 Jan 2009 17:42:21 -0500
Subject: [5-DayForum] Success Ratio
In-Reply-To: <00c501c96d14$cf937210$0201a8c0@RCCutcher>
References: <495D380E.8010009@effros.com>	<BLU141-W16F405FBFF127913076FCDD2E50@phx.gbl><C4EB7EA197F8C541B94046AE4E552D8801B55112@pandora.socket.net>	<495D9DFB.1070809@effros.com>
	<00c501c96d14$cf937210$0201a8c0@RCCutcher>
Message-ID: <4963DE4D.8010208@effros.com>

RC

I've tested all different levels of advertising, and it has never made a 
difference.

If someone bought a home from you in January 08 and wanted to sell it 
today would they be able to get back what they paid for it?

I was in Austin a couple of years ago promoting the book. Drove out to 
Salt Lick Barbecue.  Came over a hill. And there in front of me was the 
most unlikely site (at least as far as a New Yorker with Texas 
stereotypes was concerned.)  Do you know what it was?

Bill Effros, Author



RC Cutcher wrote:
> Bill,
> Mighty fine to see you back. Mighty fine. I love your answers most of 
> the time, and your sense of humor all the time.  Bill, you know 
> everybody believes in Santa CLAUSE, especially when it comes to real 
> estate. You are just in time with the turning of the new year to dust 
> off the red suit and jump into this Run for Your Life Market that we 
> are in. My only suggestion would be that we need some kind of formula 
> that corrects the human behavior to believe that real estate is 
> somehow rock solid. We have gone from the idea that a home is a 
> cherished valuable asset to the place in many areas of the country of 
> being 'a debris field,' with windows.   Still even that works out in 
> the economy of Sell/Buy when the owner gains it back on their hard 
> fought purchase. But it is very rare that anyone on this List has that 
> story of Sell/Buy, so the story continues to be that the 
> 5-Day struggles somehow when it doesn't achieve the perceived value 
> based on Comps that can't be trusted in this crazy market.  I continue 
> to believe that the biggest challenge to your strategy is the scope 
> and price of the book's suggested advertising, which has even the best 
> and brightest minds completely fried.  
>  
> I do thank you for all your help in 2008.  Almost everything I sold 
> was the Express Plan and I have a number of Pending to start the 
> year.  God bless.
>  
> RC Cutcher
> Realtor, ABR
> Austin Texas Homes, LLC
> www.austintexashomes.com <http://www.austintexashomes.com>
> Texas MCE Education Provider No. 7436
> Short Sale/Foreclosure Workshop
>  
> ----- Original Message -----
>
>     *From:* Bill Effros <mailto:bill at effros.com>
>     *To:* How To Sell Your Home in 5-Days
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>     *Sent:* Thursday, January 01, 2009 10:54 PM
>     *Subject:* Re: [5-DayForum] Success Ratio
>
>     Betty,
>
>     I believe you will get more money for each sale if you don't use
>     undisclosed reserves.  The implied reserve is double the starting
>     price.
>
>     Have your fee placed in escrow before the sale (not legal
>     everywhere--what's the story in Missouri?)
>
>     I assume you base your fee on a percentage of the selling price. 
>     The escrow amount should be double the starting price times your
>     percentage.  If your client fails to get the implied reserve, your
>     fee is your percentage of the actual selling price, and the client
>     gets back the difference from the escrow account.
>
>     If the client throws in a "ringer" who is jacking up the price
>     beyond what anyone else will pay, the client still pays your fee
>     based on the shill's bid.  This tends tends to discourage this
>     practice which usually winds up with the seller buying the house
>     and refusing to pay a fee to the broker who did all the work.
>
>     If the bank outbids every other buyer, you get your percentage of
>     the bank's price.
>
>     The key to the implied reserve is the 25 responses by Friday night
>     rule.  If you fail to get 25 responses by Friday night, offering
>     the property for 50% of the implied reserve, that property is
>     unlikely to sell for more than the implied reserve, and you, as
>     the broker, don't have to waste your time and effort.
>
>     Of course, since the client has to put up escrow money in advance,
>     there is an incentive to start with a low implied reserve.  This
>     works for everyone, as it makes it far more likely that the very
>     low starting price will attract a high number of potential buyers,
>     and that you will not be wasting your time when you set up the
>     sale.  If the property sells for more than double the starting
>     price, you get more than the escrow amount.
>
>     Please note, I am absolutely sure you do not get a lower selling
>     price if you use a lower starting price.  You do more work, and
>     see more people who will not pay the top price, but the top price
>     is the top price no matter where you start.  This is true whether
>     the seller has equity in the property or not.
>
>     The lower starting prices and lower implied reserve will ensure
>     that you don't lose 3 days setting up a sale that won't ever
>     happen.  You will do more work at each sale, but you should be
>     able to increase your success ratio to 100%.
>
>     Bill Effros
>
>
>
>     Betty Pauley wrote:
>>     My name is Betty Pauley, I am a Realtor in Columbia Missouri.
>>      
>>     I have used this method six times, five of the six the homes were sold as a direct result of the sale.  I follow the book very closely, but also utilize the MLS and the Realtor Network.  Two of the five buyers were represented by a Realtor.  I put comments in the MLS remarks section giving information about the sale.  Other Realtors in the community are now starting to copy the method.  I am also getting referrals from other Realtors who do not want to use the method.
>>      
>>     I make sure that there is equity in the property to pay my fee.  The one home that did not sell had no equity and wound up being reposessed.  I learned my lesson from that one. 
>>      
>>     I place a small classified ad to run Wednesday thru Sunday, hold the home open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I purchased the sign package and put signs out everywhere.  If the owner is willing and available, I have them with me at the open houses to answer questions.  I also put the owners phone number on the sign and ad to take the calls. 
>>      
>>     I make it very clear to all potential bidders that nothing is binding until it is in writing on either the buyers or sellers part.  I also state that there is an undisclosed reserve.  When asked what it is,  I just smile sweetly and say 'its undisclosed'....
>>       
>>     ------------------------------------------------------------------------
>>
>>     _______________________________________________
>>     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  Tue Jan  6 18:02:45 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 06 Jan 2009 18:02:45 -0500
Subject: [5-DayForum] Realtor Strategies
In-Reply-To: <000a01c96e1e$9823ff60$0201a8c0@RCCutcher>
References: <000a01c96e1e$9823ff60$0201a8c0@RCCutcher>
Message-ID: <4963E315.8000804@effros.com>

RC,

I am someone who believes in homework, and I wish more kids would do 
more of it; if they did, they could all get straight A's; and maybe they 
would know enough to be able to sell houses or do whatever it takes to 
earn a living.

But, alas...

Clearly, you are also someone who does his homework. 

Happily, the book is not aimed at straight A students, nor does anyone 
need to know as much as you to sell their home.

I have met people in bookstores who haven't read a single book since 
graduating from high school who read this book, followed it exactly, and 
sold their homes in 5 Days for more than any broker could get them in 
years of trying.

It's a lot of work, make no mistake about it.  But anyone can price and 
sell their home in 5 Days at the top end of the current market just by 
following the book, and literally tens of thousands of people have done so.

What's more, they put more into their pockets in less time than they 
would have had they paid a substantial commission.

Sometimes the buyer pays less, while the seller gets more by cutting out 
the middle-...person.

Now, I understand that some people just won't do their homework, and 
others are intimidated at the prospect of getting less than an A.  And I 
know and respect the fact that many will elect to hire someone to do 
their homework for them.

But, please note, that while you may be a straight A broker, many are 
not.  And many sellers do much worse with a broker than they would do 
simply by following the proven 5-Day Method.

Bill Effros, Author





RC Cutcher wrote:
> Liz,
>  
> Thanks for taking the time to explain much better than I the strategy 
> of Selling, then buying and figuring the total outcome of dollars won 
> or lost. ... again, I would offer up that very few of these type of 
> transactions which result in two transactions ever get reported on 
> this List.  Maybe some of the folks figure nobody is really interested 
> in their Buy side.
>  
> Also, I agree with you that  many things in the 5-Day book cannot be 
> succesfully used by Realtors. The book strategy is  meant for FSBO's, 
> so I'm not quite sure why so many Realtors can't simply make some 
> critical choices to revise their own program.   And to me, the book  
> seems aimed at  the type of individual who made straight A's in school 
> and who is prepared to do a ton of homework before the big test.
>  
> The basic Express Sale that I have developed and that I  recommend 
> to Realtors in Central Texas is to take the lowest possible price 
> acceptable to the Seller and then remove all the usual costs expected 
> by most Buyers to be paid by the Seller, which includes title 
> insurance, survey, and the 1 yr home warranty, etc.   Then I 
> subtract the Commision, then whatever is left  becomes the initial 
> starting price for my Sellers.
>  
> I don't use signs,  no ads other than the MLS,  and no   Sunday night 
> bid.
>  
> I don't think I can remember any recent properties that I have had 
> less than 10 written offers in the first 7-8 Days. It works for me.
>  
>  Good luck on your Sales!
>  
> RC Cutcher
> Realtor, ABR
> www.austintexashomes.com <http://www.austintexashomes.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 bill at effros.com  Tue Jan  6 18:15:33 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 06 Jan 2009 18:15:33 -0500
Subject: [5-DayForum] Success Ratio
In-Reply-To: <007601c96d17$efc96b40$4101a8c0@liz>
References: <495D380E.8010009@effros.com>	<BLU141-W16F405FBFF127913076FCDD2E50@phx.gbl><C4EB7EA197F8C541B94046AE4E552D8801B55112@pandora.socket.net><495D9DFB.1070809@effros.com>	<00c501c96d14$cf937210$0201a8c0@RCCutcher>
	<007601c96d17$efc96b40$4101a8c0@liz>
Message-ID: <4963E615.4090205@effros.com>

Liz,

I advocate Buy/Sell in the book because if you know how to use the 5-Day 
Method you can sell before you must commit to your Buy, and the sale 
price validates your buy price, instead of working the other way around 
with a series of "educated" (or maybe not) guesses.

The problem with Sell/Buy in the current market is that so many recent 
purchasers have lost all of their equity and are unable to buy after 
selling.

People who bought their homes for less than they can now sell them can 
buy equivalent homes for the same price they sold. So Sell/Buy makes a 
lot of sense for them--there is no shortage of inventory, and the sale 
price dictates current market values.

However, sellers who cannot buy are in a different category--and there 
are a whole lot of them.

I do not advocate lawn signs, and do not put them up.  There are plenty 
of legal ways to advertise 5-Day sales in gated communities.

Bill Effros



Liz Bacall wrote:
> RC,
> Would you please ellaborate on your comment, "But it is very rare that 
> anyone on this List has that story of Sell/Buy...."  Is what you mean: 
> yes, you sell your home right now and you will get less than you paid 
> for it, BUT then you buy a home and will pay less for it than you 
> would have before, so it is all relative. Is that what you mean by the 
> story of Sell/Buy?  If not, please tell us more.
>  
> And I agree with you, the scope and price of the advertising is 
> daunting. Personally, even more challenging was figuring out which 
> parts of Bill's suggested marketing was/wasn't permitted in my area, 
> even different rules within different gated communities! For example, 
> almost no where are we permitted (home-owners or agents) to stick all 
> those yard signs in the lawns. The home-owner will be fined by their 
> HOA. Makes it interesting!
>  
> Thank you to Bill for writing the book & creating this forum, and 
> thanks to all who contribute!
>  
> Liz Bacall, Realtor
> Palm Beach, FL 
>
> ------------------------------------------------------------------------
> *From:* 
> 5-dayforum-bounces+liz=lizbacall.com at mailman.howtosellyourhomein5days.com 
> [mailto:5-dayforum-bounces+liz=lizbacall.com at mailman.howtosellyourhomein5days.com] 
> *On Behalf Of *RC Cutcher
> *Sent:* Friday, January 02, 2009 3:01 PM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] Success Ratio
>
> Bill,
> Mighty fine to see you back. Mighty fine. I love your answers most of 
> the time, and your sense of humor all the time.  Bill, you know 
> everybody believes in Santa CLAUSE, especially when it comes to real 
> estate. You are just in time with the turning of the new year to dust 
> off the red suit and jump into this Run for Your Life Market that we 
> are in. My only suggestion would be that we need some kind of formula 
> that corrects the human behavior to believe that real estate is 
> somehow rock solid. We have gone from the idea that a home is a 
> cherished valuable asset to the place in many areas of the country of 
> being 'a debris field,' with windows.   Still even that works out in 
> the economy of Sell/Buy when the owner gains it back on their hard 
> fought purchase. But it is very rare that anyone on this List has that 
> story of Sell/Buy, so the story continues to be that the 
> 5-Day struggles somehow when it doesn't achieve the perceived value 
> based on Comps that can't be trusted in this crazy market.  I continue 
> to believe that the biggest challenge to your strategy is the scope 
> and price of the book's suggested advertising, which has even the best 
> and brightest minds completely fried.  
>  
> I do thank you for all your help in 2008.  Almost everything I sold 
> was the Express Plan and I have a number of Pending to start the 
> year.  God bless.
>  
> RC Cutcher
> Realtor, ABR
> Austin Texas Homes, LLC
> www.austintexashomes.com <http://www.austintexashomes.com>
> Texas MCE Education Provider No. 7436
> Short Sale/Foreclosure Workshop
>  
> ----- Original Message -----
>
>     *From:* Bill Effros <mailto:bill at effros.com>
>     *To:* How To Sell Your Home in 5-Days
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>     *Sent:* Thursday, January 01, 2009 10:54 PM
>     *Subject:* Re: [5-DayForum] Success Ratio
>
>     Betty,
>
>     I believe you will get more money for each sale if you don't use
>     undisclosed reserves.  The implied reserve is double the starting
>     price.
>
>     Have your fee placed in escrow before the sale (not legal
>     everywhere--what's the story in Missouri?)
>
>     I assume you base your fee on a percentage of the selling price. 
>     The escrow amount should be double the starting price times your
>     percentage.  If your client fails to get the implied reserve, your
>     fee is your percentage of the actual selling price, and the client
>     gets back the difference from the escrow account.
>
>     If the client throws in a "ringer" who is jacking up the price
>     beyond what anyone else will pay, the client still pays your fee
>     based on the shill's bid.  This tends tends to discourage this
>     practice which usually winds up with the seller buying the house
>     and refusing to pay a fee to the broker who did all the work.
>
>     If the bank outbids every other buyer, you get your percentage of
>     the bank's price.
>
>     The key to the implied reserve is the 25 responses by Friday night
>     rule.  If you fail to get 25 responses by Friday night, offering
>     the property for 50% of the implied reserve, that property is
>     unlikely to sell for more than the implied reserve, and you, as
>     the broker, don't have to waste your time and effort.
>
>     Of course, since the client has to put up escrow money in advance,
>     there is an incentive to start with a low implied reserve.  This
>     works for everyone, as it makes it far more likely that the very
>     low starting price will attract a high number of potential buyers,
>     and that you will not be wasting your time when you set up the
>     sale.  If the property sells for more than double the starting
>     price, you get more than the escrow amount.
>
>     Please note, I am absolutely sure you do not get a lower selling
>     price if you use a lower starting price.  You do more work, and
>     see more people who will not pay the top price, but the top price
>     is the top price no matter where you start.  This is true whether
>     the seller has equity in the property or not.
>
>     The lower starting prices and lower implied reserve will ensure
>     that you don't lose 3 days setting up a sale that won't ever
>     happen.  You will do more work at each sale, but you should be
>     able to increase your success ratio to 100%.
>
>     Bill Effros
>
>
>
>     Betty Pauley wrote:
>>     My name is Betty Pauley, I am a Realtor in Columbia Missouri.
>>      
>>     I have used this method six times, five of the six the homes were sold as a direct result of the sale.  I follow the book very closely, but also utilize the MLS and the Realtor Network.  Two of the five buyers were represented by a Realtor.  I put comments in the MLS remarks section giving information about the sale.  Other Realtors in the community are now starting to copy the method.  I am also getting referrals from other Realtors who do not want to use the method.
>>      
>>     I make sure that there is equity in the property to pay my fee.  The one home that did not sell had no equity and wound up being reposessed.  I learned my lesson from that one. 
>>      
>>     I place a small classified ad to run Wednesday thru Sunday, hold the home open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I purchased the sign package and put signs out everywhere.  If the owner is willing and available, I have them with me at the open houses to answer questions.  I also put the owners phone number on the sign and ad to take the calls. 
>>      
>>     I make it very clear to all potential bidders that nothing is binding until it is in writing on either the buyers or sellers part.  I also state that there is an undisclosed reserve.  When asked what it is,  I just smile sweetly and say 'its undisclosed'....
>>       
>>     ------------------------------------------------------------------------
>>
>>     _______________________________________________
>>     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 P.Schechter at verizon.net  Tue Jan  6 19:20:35 2009
From: P.Schechter at verizon.net (Paul R. Schechter)
Date: Tue, 06 Jan 2009 16:20:35 -0800
Subject: [5-DayForum] Will Be Sold Sunday Night
In-Reply-To: <49639C4B.8010705@effros.com>
References: <004701c96d4f$6eeb5410$0301a8c0@PRSDimension>
	<495F87B5.9020401@effros.com>
	<005d01c97024$f6295fd0$e27c1f70$@Schechter@verizon.net>
	<49639C4B.8010705@effros.com>
Message-ID: <007901c9705d$c3385c50$49a914f0$@Schechter@verizon.net>

Bill,

 

How am I re-inventing the wheel?  I initially listed the property before I
knew about the 5day sale process.

 

Paul

 

From:
5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.
com
[mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhome
in5days.com] On Behalf Of Bill Effros
Sent: Tuesday, January 06, 2009 10:01 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Will Be Sold Sunday Night

 

Paul!

The 5-Day Method will get you the highest possible price for your property
at the current time.  Don't take shortcuts.  Don't re-invent the wheel!

Bill Effros



Paul R. Schechter wrote: 

Bill,

 

Thanks again for your responses.

 

I have one more question for you.  I have a property that has been listed
for a few months and there are 3 interested buyers who have to sell their
houses before they can buy mine.  Since I've already found 3 buyers, is the
5day sale still worth pursuing?

 

Paul

 

From:
5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.
com
[mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhome
in5days.com] On Behalf Of Bill Effros
Sent: Saturday, January 03, 2009 7:44 AM
To: How To Sell Your Home in 5-Days
Subject: [5-DayForum] Will Be Sold Sunday Night

 

Paul,

Outline answers for now, I will be filling in the blanks.

We can easily agree that "lying" is not the issue if, in fact, the seller
always sells to the highest bidder.

Your real issue is what to do if the seller is dissatisfied with the high
bid.

My answer is that you should not conduct a five-day sale unless you are
prepared to take the high bid.

The 5-Day Method does not change the market, it will only get you the high
end of the current market value on the day YOU HAVE SELECTED to sell your
home.

And it will accomplish that task every single time--provided you make
absolutely clear that you are REALLY going to sell the home Sunday night to
the high bidder.

If you fudge this issue, you cannot expect real buyers to give you their
best bids.

There is absolutely nothing The 5-Day Method, or any other method, can do to
make your home magically become worth what you paid for it, if it is
currently worth less.

You must deal with the problem immediately--the sooner the better--before
things get worse.  (And they will get worse because you will continue to
incur mortgage, tax, insurance, and maintenance costs.)

So, if the high bid is not sufficient to pay off your mortgage, and you are
unwilling to make up the difference, you march your buyer down to the bank
and ask the bank what they want to do.

If the bank and buyer can't work something out between them, then the bank
has, in effect, outbid the high bidder, and you have sold your home to the
bank on Sunday night.  

Either way, you sell your home to the high bidder Sunday night, and get on
with your life.

I would be a rich man if I had a nickel for every seller who came to me 6
months after turning down the high bid on Sunday night to ask how it is
possible to sell for the amount refused previously.

If you think things will be better 6 months from now, run your 5-Day Sale 6
months from now.  If you think it will be better to sell now, run your 5-Day
Sale now.  Either way--follow the 5-Day Method EXACTLY and you will get the
most you can get on the day you picked.

Without ever lying, or doing anything in the smallest way unethical.

Bill Effros, Author



Paul R. Schechter wrote: 

Hi Bill,

 

I am one of those people who are concerned with the statement "will be sold
Sunday night to the high bidder".  I see in your response below you advocate
the statement never be a lie by selling it to the high bidder "no matter
what the final bid".  How can you maintain that position if the high bid is
not enough to payoff the loan(s)?

 

There are responses in this forum from people who have been in this
situation and had to tell the high bidder their bid was not enough.  They
claim the high bidder understood the situation and increased their bid; to
me, this is unethical & hard to swallow.

 

Respectfully,

 

Paul

 

-----Original Message-----
From:
5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.
com
[mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhome
in5days.com] On Behalf Of Bill Effros
Sent: Friday, January 02, 2009 11:04 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Success Ratio

 

Keith,

This is one I'll be hitting heavily as soon as I have the time.

Here's the summary:

The starting price in the ad is supposed to be 50% of what the seller
honestly believes is the current value. To put it another way, the seller's
implied reserve is double the starting price.

The statement "will be sold Sunday night to the high bidder" should never be
a lie -- no matter what the final bid.

I sell every home, every time -- the only escape clause is the unstated
stipulation that I must get 25 responses by Friday night. If you can't find
25 people in three days who believe your home may currently be worth twice
the starting price, you should not proceed with your inspection.

If you do get 25 people by Friday night, and if you do run your open house,
and round-robin properly, you will get the high-end of the current fair
market value. Every single time.

The problems come when people start weaseling about "what they will really
take"; or when they inflate the number of responses by deploying clowns with
cattle prods to round up the usual suspects.

More on this to come, -- lots more.

Bill Effros, author

Keith R. Pinster wrote: 

Hi Bill,

 

What do you mean by "The implied reserve is double the starting price"?  I
think the problem most people are having is the "implied lie" that you will
sell the house for anything over the price in the ad, so if they don't get
enough, they think they are "lying" to the public.  What are your thoughts
on this?

 

Keith - Vancouver, WA

 

  _____  

From: Bill Effros [mailto:bill at effros.com] 
Sent: Thursday, January 01, 2009 8:54 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Success Ratio

 

Betty,

I believe you will get more money for each sale if you don't use undisclosed
reserves.  The implied reserve is double the starting price.

Have your fee placed in escrow before the sale (not legal everywhere--what's
the story in Missouri?)

I assume you base your fee on a percentage of the selling price.  The escrow
amount should be double the starting price times your percentage.  If your
client fails to get the implied reserve, your fee is your percentage of the
actual selling price, and the client gets back the difference from the
escrow account.

If the client throws in a "ringer" who is jacking up the price beyond what
anyone else will pay, the client still pays your fee based on the shill's
bid.  This tends tends to discourage this practice which usually winds up
with the seller buying the house and refusing to pay a fee to the broker who
did all the work.

If the bank outbids every other buyer, you get your percentage of the bank's
price.

The key to the implied reserve is the 25 responses by Friday night rule.  If
you fail to get 25 responses by Friday night, offering the property for 50%
of the implied reserve, that property is unlikely to sell for more than the
implied reserve, and you, as the broker, don't have to waste your time and
effort.

Of course, since the client has to put up escrow money in advance, there is
an incentive to start with a low implied reserve.  This works for everyone,
as it makes it far more likely that the very low starting price will attract
a high number of potential buyers, and that you will not be wasting your
time when you set up the sale.  If the property sells for more than double
the starting price, you get more than the escrow amount.

Please note, I am absolutely sure you do not get a lower selling price if
you use a lower starting price.  You do more work, and see more people who
will not pay the top price, but the top price is the top price no matter
where you start.  This is true whether the seller has equity in the property
or not.

The lower starting prices and lower implied reserve will ensure that you
don't lose 3 days setting up a sale that won't ever happen.  You will do
more work at each sale, but you should be able to increase your success
ratio to 100%.

Bill Effros



Betty Pauley wrote: 

My name is Betty Pauley, I am a Realtor in Columbia Missouri.
 
I have used this method six times, five of the six the homes were sold as a
direct result of the sale.  I follow the book very closely, but also utilize
the MLS and the Realtor Network.  Two of the five buyers were represented by
a Realtor.  I put comments in the MLS remarks section giving information
about the sale.  Other Realtors in the community are now starting to copy
the method.  I am also getting referrals from other Realtors who do not want
to use the method.
 
I make sure that there is equity in the property to pay my fee.  The one
home that did not sell had no equity and wound up being reposessed.  I
learned my lesson from that one. 
 
I place a small classified ad to run Wednesday thru Sunday, hold the home
open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I
purchased the sign package and put signs out everywhere.  If the owner is
willing and available, I have them with me at the open houses to answer
questions.  I also put the owners phone number on the sign and ad to take
the calls. 
 
I make it very clear to all potential bidders that nothing is binding until
it is in writing on either the buyers or sellers part.  I also state that
there is an undisclosed reserve.  When asked what it is,  I just smile
sweetly and say 'its undisclosed'....
  
 
 
 
 
 
 



  _____  



 
 
  
 
 
 
 
 
_______________________________________________
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 rocky at oceanrei.com  Tue Jan  6 19:41:02 2009
From: rocky at oceanrei.com (rocky at oceanrei.com)
Date: Wed, 7 Jan 2009 00:41:02 +0000
Subject: [5-DayForum] Success Ratio
In-Reply-To: <4963E615.4090205@effros.com>
References: <495D380E.8010009@effros.com>	<BLU141-W16F405FBFF127913076FCDD2E50@phx.gbl><C4EB7EA197F8C541B94046AE4E552D8801B55112@pandora.socket.net><495D9DFB.1070809@effros.com>	<00c501c96d14$cf937210$0201a8c0@RCCutcher><007601c96d17$efc96b40$4101a8c0@liz><4963E615.4090205@effros.com>
Message-ID: <1329147166-1231288834-cardhu_decombobulator_blackberry.rim.net-1109141031-@bxe015.bisx.prod.on.blackberry>

please remove my name from this email forum.  This is my 4th request
Thanks
Rocky
Sent from my Verizon Wireless BlackBerry

-----Original Message-----
From: Bill Effros <bill at effros.com>

Date: Tue, 06 Jan 2009 18:15:33 
To: How To Sell Your Home in 5-Days<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: Re: [5-DayForum] Success Ratio


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


From rcutcher at austin.rr.com  Wed Jan  7 09:58:13 2009
From: rcutcher at austin.rr.com (RC Cutcher)
Date: Wed, 7 Jan 2009 08:58:13 -0600
Subject: [5-DayForum] Success Ratio
Message-ID: <003a01c970d8$5d9baca0$0201a8c0@RCCutcher>

RC

I've tested all different levels of advertising, and it has never made a 
difference.

If someone bought a home from you in January 08 and wanted to sell it 
today would they be able to get back what they paid for it?

I was in Austin a couple of years ago promoting the book. Drove out to 
Salt Lick Barbecue.  Came over a hill. And there in front of me was the 
most unlikely site (at least as far as a New Yorker with Texas 
stereotypes was concerned.)  Do you know what it was?

Bill Effros, Author



Hey Bill,

There is an old country store out there that helps  holds down the town name of Driftwood.   It looks like a ghost town between owners.  That is my guess.  That one particular Salt Lick historically does not take credit cards (as of 2008), so lots of Realtors end up standing around while somebody heads to the car to look for a checkbook. lol. 

As to your comment and thinking about  Advertising....keep testing.   You are sort of in the business of Advertising and anyone who is in the field of research and testing (especially advertising) should never use the word 'never,' ..ever.   

Advertising is art,  and not very much given over to stats or a processed system.  

RC Cutcher
Austin Texas Homes, LLC
www.austintexashomes.com
512-848-4449
January Short Sale/Foreclosure Workshops
Jan. 16th and 22nd  in Austin, Texas
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From real.estate.professor at hotmail.com  Wed Jan  7 10:30:27 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Wed, 7 Jan 2009 09:30:27 -0600
Subject: [5-DayForum] Success Ratio
In-Reply-To: <003a01c970d8$5d9baca0$0201a8c0@RCCutcher>
References: <003a01c970d8$5d9baca0$0201a8c0@RCCutcher>
Message-ID: <BLU122-W4737D5BFB9E4E6F62E0ECCB4DF0@phx.gbl>


Hi Bill:
 
I respectfully disagree ... 
 
While you are the king, I've conducted 3 sales since October 1st when the stock market collapsed (I'm currently preparing for our 13th and 14th sales since October 2007), and it has clearly become more difficult to get the required contacts.
 
The qualified buyer pool has contracted significantly given tightening loan underwriting criteria.
 
Additionally, I have observed that the return on investment (ROI) for advertising in a 5 Day Sale or auction format is greater than that of real estate priced at or above market.
 
In my opinion, this is because a below market starting bid price-point distinguishes the property offering from traditionally over-priced listed properties (real estate is now a commodity), attracts more attention, and drives traffic to the websites we have used in support of the sale (our website traffic stats confirm this).
 
The advertising works, but it's just getting harder to get advertising viewers to "convert" to 5 Day Sale participants than it used to.  This may be a function of many 5 Day sale sellers' resistance to start bidding at the 50% of market value level (Bill, you are always having to tell Forum members that it won't work if they don't start at 50%).
 
Interestingly, I have noticed that bidders have been less competitive relative to advancing bids much more than 20% above the starting bid price since October 1st.  Market instability abounds and nobody knows when we'll hit bottom.
 
Bill ... when do you think we'll hit the bottom of this cycle?
 
Best to all,
 
Kyle Cascioli
www.AuctionBySeller.com 
 
 



From: rcutcher at austin.rr.comTo: 5-dayforum at howtosellyourhomein5days.comDate: Wed, 7 Jan 2009 08:58:13 -0600Subject: [5-DayForum] Success Ratio


RCI've tested all different levels of advertising, and it has never made a difference.If someone bought a home from you in January 08 and wanted to sell it today would they be able to get back what they paid for it?I was in Austin a couple of years ago promoting the book. Drove out to Salt Lick Barbecue.  Came over a hill. And there in front of me was the most unlikely site (at least as far as a New Yorker with Texas stereotypes was concerned.)  Do you know what it was?Bill Effros, Author
 
Hey Bill,
 
There is an old country store out there that helps  holds down the town name of Driftwood.   It looks like a ghost town between owners.  That is my guess.  That one particular Salt Lick historically does not take credit cards (as of 2008), so lots of Realtors end up standing around while somebody heads to the car to look for a checkbook. lol. 
 
As to your comment and thinking about  Advertising....keep testing.   You are sort of in the business of Advertising and anyone who is in the field of research and testing (especially advertising) should never use the word 'never,' ..ever.   
 
Advertising is art,  and not very much given over to stats or a processed system.  
 
RC Cutcher
Austin Texas Homes, LLC
www.austintexashomes.com
512-848-4449
January Short Sale/Foreclosure Workshops
Jan. 16th and 22nd  in Austin, Texas
 
_________________________________________________________________
Windows LiveTM: Keep your life in sync. 
http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t1_allup_howitworks_012009
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From patricialone at hotmail.com  Wed Jan  7 11:47:09 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Wed, 7 Jan 2009 11:47:09 -0500
Subject: [5-DayForum] Conservatorship
In-Reply-To: <4963693A.5080407@effros.com>
References: <BLU141-W4216A3BA1CCC5AB55027F5D2DE0@phx.gbl>
	<4963693A.5080407@effros.com>
Message-ID: <BLU141-W30DB2F3BE6769DBD7B7DC3D2DF0@phx.gbl>


Okay Bill... your assurance helps.  Thanks!Patricia  Michigan, Seller/Landlord

Date: Tue, 6 Jan 2009 09:22:50 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] ConservatorshipPatricia,I can't act as your attorney, however it seems to me that your situation is no different from that of any other seller.All 5-Day Sales (in fact, all real estate sales) have unstated contingencies.  Records must always be checked and approvals granted before the sale can be "closed".  Have all the taxes been paid?  Are there any liens? Is the property worth the sale price.  Will the mortgage-holding bank agree to the sale price.  Will a new bank provide a mortgage for the amount required to the buyers? etc.You will have to take the deal to a judge for approval.  No big deal.Take along the book, and all the paperwork you create in the course of selling the property in 5-Days.  Show the judge that 25 people responded before Friday night, and that 10 left bids and that 3 bid against each other and that the highest price you could get for the property at this time is $.....Explain that you pay no commission, and that if the judge knows of any way for you to get more for your father's home at the present time, to either tell you how he or she thinks you can get 2 in the bush at a time when you have 1 in your hand, or approve the sale you have already negotiated.Having a real buyer at a demonstrably fair price is a powerful argument that has been used successfully for 20 years.First you sell.Then you must close -- it's the same as selling the home any other way.Bill EffrosPatricia Lone wrote: 



Hi Bill,I am in a bit of a quandry and turmoil with my situation.  My father is quite aged and therefore I have become the conservator if his estate.  I have full authority from the courts to do anything, EXCEPT when selling real estate.  When a sale takes place I have to go to the court and get approval to sell the real estate.  Will the 5-day sale still work with this exception (and delay) in place? ...and please, share any other thoughts you have.  I really need some help to get all of my father's properties back up and running efficiently and profitably.  (I definitely want to sell some as quickly as I can (of course for the most I can get for them in this market and in their present condition).  Right now, there are just too many of them to manage appropriately.  I need help... Patricia Seller/Landlord           "If you need help, ask God; If you don't, thank God."
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  
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From patricialone at hotmail.com  Wed Jan  7 11:50:51 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Wed, 7 Jan 2009 11:50:51 -0500
Subject: [5-DayForum] Conservatorship
In-Reply-To: <c4b.4527c906.3694c43a@aol.com>
References: <c4b.4527c906.3694c43a@aol.com>
Message-ID: <BLU141-W209A30EFF319AC535B7020D2DF0@phx.gbl>


Danielle,It appears both Bill and yourself were responding at the same time.  Thank you for your thoughts, they help.Patricia Lone  Michigan, Seller/Landlord

From: Loveandmoney05 at aol.comDate: Tue, 6 Jan 2009 09:27:06 -0500To: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Conservatorship
I assume Bill will respond, but in my opinion this will not be unlike a short sale situation in which you inform the buyer that there will be a delay for an unknown (assumed) period of time, and that there are no guarantees it will happen.  You would have this same situation if you sold via a realtor.  The only difference is with a 5-day YOU will be the one informing the buyer not the agent.  As with a short sale, you may lose a buyer if they dont care to wait BUT if the deal is a good one for them, they may be able to accommodate the waiting period.
Good luck to you.
Danielle
buyer/seller/investor
 

In a message dated 1/5/2009 10:28:52 P.M. Eastern Standard Time, patricialone at hotmail.com writes:

Hi Bill,I am in a bit of a quandry and turmoil with my situation.  My father is quite aged and therefore I have become the conservator if his estate.  I have full authority from the courts to do anything, EXCEPT when selling real estate.  When a sale takes place I have to go to the court and get approval to sell the real estate.  Will the 5-day sale still work with this exception (and delay) in place? ...and please, share any other thoughts you have.  I really need some help to get all of my father's properties back up and running efficiently and profitably.  (I definitely want to sell some as quickly as I can (of course for the most I can get for them in this market and in their present condition).  Right now, there are just too many of them to manage appropriately.  I need help... Patricia Seller/Landlord           "If you need help, ask God; If you don't, thank God."=_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


New year...new news. Be the first to know what is making headlines.
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From patricialone at hotmail.com  Wed Jan  7 11:54:05 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Wed, 7 Jan 2009 11:54:05 -0500
Subject: [5-DayForum] Conservatorship
In-Reply-To: <007e01c97027$5345f960$0702a8c0@accentinc.com>
References: <c4b.4527c906.3694c43a@aol.com>
	<007e01c97027$5345f960$0702a8c0@accentinc.com>
Message-ID: <BLU141-W33F728C7DA939AD6016965D2DF0@phx.gbl>


Thank you Keith,... appreciate both of your messages.Patricia  Michigan, Seller/Landlord           "If you need help, ask God; If you don't, thank God."

From: keith.pinster at comcast.netTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Tue, 6 Jan 2009 09:50:55 -0800Subject: Re: [5-DayForum] Conservatorship





Just to note ? I?ve had MUCH greater success getting the court to approve a sale than getting a bank to move.  Banks on the whole take their own sweet time and will not move faster no matter what the situation, whereas getting an approval through the court is much easier and you should know if the sale is approved on the day you see the judge.  Trust me, you have it easier going to a judge than doing a short sale.  J
 
Keith ? Vancouver, WA
 




From: Loveandmoney05 at aol.com [mailto:Loveandmoney05 at aol.com] Sent: Tuesday, January 06, 2009 6:27 AMTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Conservatorship
 

I assume Bill will respond, but in my opinion this will not be unlike a short sale situation in which you inform the buyer that there will be a delay for an unknown (assumed) period of time, and that there are no guarantees it will happen.  You would have this same situation if you sold via a realtor.  The only difference is with a 5-day YOU will be the one informing the buyer not the agent.  As with a short sale, you may lose a buyer if they dont care to wait BUT if the deal is a good one for them, they may be able to accommodate the waiting period.

Good luck to you.

Danielle

buyer/seller/investor

 


In a message dated 1/5/2009 10:28:52 P.M. Eastern Standard Time, patricialone at hotmail.com writes:

Hi Bill,I am in a bit of a quandry and turmoil with my situation.  My father is quite aged and therefore I have become the conservator if his estate.  I have full authority from the courts to do anything, EXCEPT when selling real estate.  When a sale takes place I have to go to the court and get approval to sell the real estate.  Will the 5-day sale still work with this exception (and delay) in place? ...and please, share any other thoughts you have.  I really need some help to get all of my father's properties back up and running efficiently and profitably.  (I definitely want to sell some as quickly as I can (of course for the most I can get for them in this market and in their present condition).  Right now, there are just too many of them to manage appropriately.  I need help... Patricia Seller/Landlord           "If you need help, ask God; If you don't, thank God."
=_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum





New year...new news. Be the first to know what is making headlines.
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From bill at effros.com  Wed Jan  7 12:08:49 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 07 Jan 2009 12:08:49 -0500
Subject: [5-DayForum] Success Ratio
In-Reply-To: <003a01c970d8$5d9baca0$0201a8c0@RCCutcher>
References: <003a01c970d8$5d9baca0$0201a8c0@RCCutcher>
Message-ID: <4964E1A1.8060806@effros.com>

No, RC,

What got my attention was a giant, Ashram that just popped up over the 
scrub brush.  I've attached a picture from their web site. I gather they 
keep elephants on the premises.

Your comment about "ghost towns" is right on the mark, though.

In previous editions of my book I said there was a buyer for every 
home.  I no longer believe that is true.

I think a lot of homes built over the past several years were built in 
places no one will want to live. Partially developed "gated communities" 
that will never get the promised amenities.  Roads won't be built, 
sewers won't go in, there won't be schools, or markets, or pools...

Many homes were built in places where there are no jobs, and there won't 
be any jobs for the foreseeable future.

No amount of advertising is going to sell these homes. I think they will 
become ghost towns.

I have a mail-order background.  I was a consultant in this field for 
many years, and wrote the programs that analyzed the effectiveness of 
multi-million dollar advertising campaigns.  We were very successful, 
and did not treat advertising as an "art".  We got out of any business 
that could not maintain its "stats".

If you can't get 25 responses in 3 days advertising a property for 1/2 
what you believe the property is currently worth, then you think that 
property is worth more than you are likely to get anytime in the near 
future, no matter how much you advertise.  If you subtract the 
additional advertising and holding costs, you will be no better off than 
if you sold the property for what you could get at an earlier time.

The issue is not the ultimate "selling price" but what the seller puts 
into his or her own pocket.  Sellers put more into their own pockets by 
following the 5-Day Method than by investing in costly advertising, 
broker "experience," or elaborate marketing schemes.

Bill Effros



RC Cutcher wrote:
> RC
>
> I've tested all different levels of advertising, and it has never made a
> difference.
>
> If someone bought a home from you in January 08 and wanted to sell it
> today would they be able to get back what they paid for it?
>
> I was in Austin a couple of years ago promoting the book. Drove out to
> Salt Lick Barbecue.  Came over a hill. And there in front of me was the
> most unlikely site (at least as far as a New Yorker with Texas
> stereotypes was concerned.)  Do you know what it was?
>
> Bill Effros, Author
>
>  
> Hey Bill,
>  
> There is an old country store out there that helps  holds down the 
> town name of Driftwood.   It looks like a ghost town between owners.  
> That is my guess.  That one particular Salt Lick historically does 
> not take credit cards (as of 2008), so lots of Realtors end up 
> standing around while somebody heads to the car to look for a 
> checkbook. lol.
>  
> As to your comment and thinking about  Advertising....keep testing.   
> You are sort of in the business of Advertising and anyone who is in 
> the field of research and testing (especially advertising) should 
> never use the word 'never,' ..ever.  
>  
> Advertising is art,  and not very much given over to stats or a 
> processed system.  
>  
> RC Cutcher
> Austin Texas Homes, LLC
> www.austintexashomes.com <http://www.austintexashomes.com>
> 512-848-4449
> January Short Sale/Foreclosure Workshops
> Jan. 16th and 22nd  in Austin, Texas
>  
> ------------------------------------------------------------------------
>
> _______________________________________________
> 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 Jan  7 12:42:07 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 07 Jan 2009 12:42:07 -0500
Subject: [5-DayForum] Success Ratio
In-Reply-To: <BLU122-W4737D5BFB9E4E6F62E0ECCB4DF0@phx.gbl>
References: <003a01c970d8$5d9baca0$0201a8c0@RCCutcher>
	<BLU122-W4737D5BFB9E4E6F62E0ECCB4DF0@phx.gbl>
Message-ID: <4964E96F.2060404@effros.com>

Kyle,

Too much red meat in your comments to reply at any length.

Don't confuse the fact that you can't get the price you are hoping for 
with the fact that you don't get 25 calls by Friday night when your 
starting price is too high.

The bubble was created by banks qualifying too many buyers for homes not 
worth what the buyers were willing to pay with money they did not have.  
It is good that there are fewer qualified buyers for over-priced homes.  
There are more than enough qualified buyers for properly priced homes.

Real estate has always been a commodity, and just like $150/barrels of 
oil, profiteers sometimes distort the market. 

If buyers are not going more than 20% above the starting price, by 
definition you are starting too high.  Start lower, spend less on 
advertising, locate the 3 real buyers in 5 days, and get the most you 
can get at the current time.  There is nothing to be gained from selling 
a home 6 months from now if the price remains flat or continues to fall.

I have no more crystal ball than you with regard to the future.  I don't 
think the price of some homes will ever stop falling--I think many homes 
will ultimately be bulldozed flat, and never lived in again.  I believe 
we are in a depression that could last for 10 years. I think it will end 
with either a war or massive inflation in which other countries will 
emerge economic winners while we emerge as economic losers.

I think the average home price and size will never again reach the 
levels we saw in the past, in inflation adjusted terms.  I think the 
sooner people adjust to an economic sea change, the better off they will 
come out in the end.

Sorry about all the pessimism about the future, let's hope I'm wrong.

But I continue to believe that no matter what happens, the 5-Day Method 
is the safest way to buy or sell a home in the present.

Bill Effros, Author

Kyle Cascioli wrote:
> Hi Bill:
>  
> I respectfully disagree ...
>  
> While you are the king, I've conducted 3 sales since October 1st when 
> the stock market collapsed (I'm currently preparing for our 13th and 
> 14th sales since October 2007), and it has clearly become more 
> difficult to get the required contacts.
>  
> The qualified buyer pool has contracted significantly given tightening 
> loan underwriting criteria.
>  
> Additionally, I have observed that the return on investment (ROI) for 
> advertising in a 5 Day Sale or auction format is greater than that of 
> real estate priced at or above market.
>  
> In my opinion, this is because a below market starting bid price-point 
> distinguishes the property offering from traditionally over-priced 
> listed properties (real estate is now a commodity), attracts more 
> attention, and drives traffic to the websites we have used in support 
> of the sale (our website traffic stats confirm this).
>  
> The advertising works, but it's just getting harder to get advertising 
> viewers to "convert" to 5 Day Sale participants than it used to.  This 
> may be a function of many 5 Day sale sellers' resistance to start 
> bidding at the 50% of market value level (Bill, you are always having 
> to tell Forum members that it won't work if they don't start at 50%).
>  
> Interestingly, I have noticed that bidders have been less competitive 
> relative to advancing bids much more than 20% above the starting bid 
> price since October 1st.  Market instability abounds and nobody knows 
> when we'll hit bottom.
>  
> Bill ... when do you think we'll hit the bottom of this cycle?
>  
> Best to all,
>  
> Kyle Cascioli
> www.AuctionBySeller.com <http://www.auctionbyseller.com/>
>  
>
>
>  
> ------------------------------------------------------------------------
>
> From: rcutcher at austin.rr.com
> To: 5-dayforum at howtosellyourhomein5days.com
> Date: Wed, 7 Jan 2009 08:58:13 -0600
> Subject: [5-DayForum] Success Ratio
>
>
> RC
>
> I've tested all different levels of advertising, and it has never made a
> difference.
>
> If someone bought a home from you in January 08 and wanted to sell it
> today would they be able to get back what they paid for it?
>
> I was in Austin a couple of years ago promoting the book. Drove out to
> Salt Lick Barbecue.  Came over a hill. And there in front of me was the
> most unlikely site (at least as far as a New Yorker with Texas
> stereotypes was concerned.)  Do you know what it was?
>
> Bill Effros, Author
>
>  
> Hey Bill,
>  
> There is an old country store out there that helps  holds down the 
> town name of Driftwood.   It looks like a ghost town between owners.  
> That is my guess.  That one particular Salt Lick historically does 
> not take credit cards (as of 2008), so lots of Realtors end up 
> standing around while somebody heads to the car to look for a 
> checkbook. lol.
>  
> As to your comment and thinking about  Advertising....keep testing.   
> You are sort of in the business of Advertising and anyone who is in 
> the field of research and testing (especially advertising) should 
> never use the word 'never,' ..ever.  
>  
> Advertising is art,  and not very much given over to stats or a 
> processed system.  
>  
> RC Cutcher
> Austin Texas Homes, LLC
> www.austintexashomes.com <http://www.austintexashomes.com/>
> 512-848-4449
> January Short Sale/Foreclosure Workshops
> Jan. 16th and 22nd  in Austin, Texas
>  
>
> ------------------------------------------------------------------------
> Windows LiveTM: Keep your life in sync. See how it works. 
> <http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t1_allup_howitworks_012009> 
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From real.estate.professor at hotmail.com  Wed Jan  7 13:07:32 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Wed, 7 Jan 2009 12:07:32 -0600
Subject: [5-DayForum] Success Ratio
In-Reply-To: <4964E96F.2060404@effros.com>
References: <003a01c970d8$5d9baca0$0201a8c0@RCCutcher>
	<BLU122-W4737D5BFB9E4E6F62E0ECCB4DF0@phx.gbl>
	<4964E96F.2060404@effros.com>
Message-ID: <BLU122-W15B59F3B149BADC5D19E3B4DF0@phx.gbl>


Bill:
 
It's great having you back and we all appreciate your insight and intellectual honesty!
 
We'll keep you posted on our efforts and results.
 
Cheers, Kyle



Date: Wed, 7 Jan 2009 12:42:07 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Success RatioKyle,Too much red meat in your comments to reply at any length.Don't confuse the fact that you can't get the price you are hoping for with the fact that you don't get 25 calls by Friday night when your starting price is too high.The bubble was created by banks qualifying too many buyers for homes not worth what the buyers were willing to pay with money they did not have.  It is good that there are fewer qualified buyers for over-priced homes.  There are more than enough qualified buyers for properly priced homes.Real estate has always been a commodity, and just like $150/barrels of oil, profiteers sometimes distort the market.  If buyers are not going more than 20% above the starting price, by definition you are starting too high.  Start lower, spend less on advertising, locate the 3 real buyers in 5 days, and get the most you can get at the current time.  There is nothing to be gained from selling a home 6 months from now if the price remains flat or continues to fall.I have no more crystal ball than you with regard to the future.  I don't think the price of some homes will ever stop falling--I think many homes will ultimately be bulldozed flat, and never lived in again.  I believe we are in a depression that could last for 10 years. I think it will end with either a war or massive inflation in which other countries will emerge economic winners while we emerge as economic losers.I think the average home price and size will never again reach the levels we saw in the past, in inflation adjusted terms.  I think the sooner people adjust to an economic sea change, the better off they will come out in the end.Sorry about all the pessimism about the future, let's hope I'm wrong.But I continue to believe that no matter what happens, the 5-Day Method is the safest way to buy or sell a home in the present.Bill Effros, AuthorKyle Cascioli wrote: 


Hi Bill: I respectfully disagree ...  While you are the king, I've conducted 3 sales since October 1st when the stock market collapsed (I'm currently preparing for our 13th and 14th sales since October 2007), and it has clearly become more difficult to get the required contacts. The qualified buyer pool has contracted significantly given tightening loan underwriting criteria. Additionally, I have observed that the return on investment (ROI) for advertising in a 5 Day Sale or auction format is greater than that of real estate priced at or above market. In my opinion, this is because a below market starting bid price-point distinguishes the property offering from traditionally over-priced listed properties (real estate is now a commodity), attracts more attention, and drives traffic to the websites we have used in support of the sale (our website traffic stats confirm this). The advertising works, but it's just getting harder to get advertising viewers to "convert" to 5 Day Sale participants than it used to.  This may be a function of many 5 Day sale sellers' resistance to start bidding at the 50% of market value level (Bill, you are always having to tell Forum members that it won't work if they don't start at 50%). Interestingly, I have noticed that bidders have been less competitive relative to advancing bids much more than 20% above the starting bid price since October 1st.  Market instability abounds and nobody knows when we'll hit bottom. Bill ... when do you think we'll hit the bottom of this cycle? Best to all, Kyle Cascioliwww.AuctionBySeller.com   

From: rcutcher at austin.rr.comTo: 5-dayforum at howtosellyourhomein5days.comDate: Wed, 7 Jan 2009 08:58:13 -0600Subject: [5-DayForum] Success Ratio


RCI've tested all different levels of advertising, and it has never made a difference.If someone bought a home from you in January 08 and wanted to sell it today would they be able to get back what they paid for it?I was in Austin a couple of years ago promoting the book. Drove out to Salt Lick Barbecue.  Came over a hill. And there in front of me was the most unlikely site (at least as far as a New Yorker with Texas stereotypes was concerned.)  Do you know what it was?Bill Effros, Author
 
Hey Bill,
 
There is an old country store out there that helps  holds down the town name of Driftwood.   It looks like a ghost town between owners.  That is my guess.  That one particular Salt Lick historically does not take credit cards (as of 2008), so lots of Realtors end up standing around while somebody heads to the car to look for a checkbook. lol. 
 
As to your comment and thinking about  Advertising....keep testing.   You are sort of in the business of Advertising and anyone who is in the field of research and testing (especially advertising) should never use the word 'never,' ..ever.   
 
Advertising is art,  and not very much given over to stats or a processed system.  
 
RC Cutcher
Austin Texas Homes, LLC
www.austintexashomes.com
512-848-4449
January Short Sale/Foreclosure Workshops
Jan. 16th and 22nd  in Austin, Texas
 

Windows LiveTM: Keep your life in sync. See how it works. 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  
_________________________________________________________________
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http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t1_hm_justgotbetter_howitworks_012009
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From helpinghandhomebuyers at gmail.com  Thu Jan  8 08:43:33 2009
From: helpinghandhomebuyers at gmail.com (Bascon Family)
Date: Thu, 8 Jan 2009 08:43:33 -0500
Subject: [5-DayForum] Help! I have a person that wants me to conduct a 5 day
	sale for his house
Message-ID: <5b00c6e00901080543m32fc464q6dca67c492732475@mail.gmail.com>

I have someone that is interested in having me conduct a 5 Day sale.
He asked me how much I would charge, and I mentioned to him $5K in the
event the house finds a buyer at a reasonable price he would be happy
with. Where can I find a sample contract that I can use between me and
him with me acting as a consultant? Also, it it ok for me to ask him
to pay for the marketing costs or is it up to me?

From helpinghandhomebuyers at gmail.com  Thu Jan  8 08:44:59 2009
From: helpinghandhomebuyers at gmail.com (Bascon Family)
Date: Thu, 8 Jan 2009 08:44:59 -0500
Subject: [5-DayForum] Being a consultant in NY
Message-ID: <5b00c6e00901080544k79f79c29s30e1b9a7604693ff@mail.gmail.com>

Btw, I am NOT a registered real estate agent. Should I worry about
conducting a 5 day sale for a FSBO seller?

From flyingnutjob at gmail.com  Thu Jan  8 09:49:36 2009
From: flyingnutjob at gmail.com (Dutch Revenboer)
Date: Thu, 8 Jan 2009 08:49:36 -0600
Subject: [5-DayForum] Being a consultant in NY
In-Reply-To: <5b00c6e00901080544k79f79c29s30e1b9a7604693ff@mail.gmail.com>
References: <5b00c6e00901080544k79f79c29s30e1b9a7604693ff@mail.gmail.com>
Message-ID: <d2b697900901080649s3c824acjfa8e99195781d202@mail.gmail.com>

Yes.  You need to check the laws in NY, and with the NY Real Estate
Commission.  But my guess is that if you broker a deal between a buyer and a
seller of real estate and do not hold a real estate license, you are
breaking the law and subject to some rather stiff penalties. This is
especially true if you collect a "commission" on the sale.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No
Credit, Bad Credit OK - www.BuySellRentHouses.com


On Thu, Jan 8, 2009 at 7:44 AM, Bascon Family <
helpinghandhomebuyers at gmail.com> wrote:

> Btw, I am NOT a registered real estate agent. Should I worry about
> conducting a 5 day sale for a FSBO seller?
> _______________________________________________
> 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 Jan  8 09:56:35 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Thu, 8 Jan 2009 09:56:35 -0500
Subject: [5-DayForum] Help! I have a person that wants me to conduct a 5
	daysale for his house
References: <5b00c6e00901080543m32fc464q6dca67c492732475@mail.gmail.com>
Message-ID: <4852156ED0014BC5BE2F8F3D96B30655@rosemarifv6onv>

I am sure the realtors here will let you know that what you intend to do is 
acting as a licensed real estate agent, and not lawful. Some folks on this 
forum have suggested that it's OK if you take an option on the house. Then 
you try to sell it for more than your option. You need to have an equitable 
interest in the house. I think you should line up a lawyer to be the 
settlement agent and you can then ask your questions from someone who knows 
the law.
In my humble opinion, if you are going to make $5,000 you should pay for the 
marketing.
Good luck!
Rosemarie
occasional seller, investor

----- Original Message ----- 
From: "Bascon Family" <helpinghandhomebuyers at gmail.com>
To: <5-dayforum at howtosellyourhomein5days.com>
Sent: Thursday, January 08, 2009 8:43 AM
Subject: [5-DayForum] Help! I have a person that wants me to conduct a 5 
daysale for his house


>I have someone that is interested in having me conduct a 5 Day sale.
> He asked me how much I would charge, and I mentioned to him $5K in the
> event the house finds a buyer at a reasonable price he would be happy
> with. Where can I find a sample contract that I can use between me and
> him with me acting as a consultant? Also, it it ok for me to ask him
> to pay for the marketing costs or is it up to me?
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 


From skyhighplanning at gmail.com  Thu Jan  8 10:05:08 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Thu, 8 Jan 2009 10:05:08 -0500
Subject: [5-DayForum] Help! I have a person that wants me to conduct a 5
	day sale for his house
In-Reply-To: <5b00c6e00901080543m32fc464q6dca67c492732475@mail.gmail.com>
References: <5b00c6e00901080543m32fc464q6dca67c492732475@mail.gmail.com>
Message-ID: <9AEB1851-5FB0-4419-ACD3-2559E01E25D8@gmail.com>

I buy houses in NY.  You can send me the info if you'd like.  I can  
also provide solutions for homeowners in foreclosure or behind in  
payments.

Carlos
646.552.0107



On Jan 8, 2009, at 8:43 AM, "Bascon Family" <helpinghandhomebuyers at gmail.com 
 > wrote:

> I have someone that is interested in having me conduct a 5 Day sale.
> He asked me how much I would charge, and I mentioned to him $5K in the
> event the house finds a buyer at a reasonable price he would be happy
> with. Where can I find a sample contract that I can use between me and
> him with me acting as a consultant? Also, it it ok for me to ask him
> to pay for the marketing costs or is it up to me?
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

From bill at effros.com  Thu Jan  8 10:07:06 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 08 Jan 2009 10:07:06 -0500
Subject: [5-DayForum] Will Be Sold Sunday Night
In-Reply-To: <007901c9705d$c3385c50$49a914f0$@Schechter@verizon.net>
References: <004701c96d4f$6eeb5410$0301a8c0@PRSDimension>	<495F87B5.9020401@effros.com>	<005d01c97024$f6295fd0$e27c1f70$@Schechter@verizon.net>	<49639C4B.8010705@effros.com>
	<007901c9705d$c3385c50$49a914f0$@Schechter@verizon.net>
Message-ID: <4966169A.6010309@effros.com>

Paul,

If you can sell the house right now for a price you are happy with, do so.

If you can't, run a 5-Day Sale by the book.

If the people who have expressed an interest in your home really want 
it, they will bid.  And if they really really want it, they will have to 
bid more than they told you they would pay.

Bill Effros, Author

Paul R. Schechter wrote:
>
> Bill,
>
>  
>
> How am I re-inventing the wheel?  I initially listed the property 
> before I knew about the 5day sale process.
>
>  
>
> Paul
>
>  
>
> *From:* 
> 5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com 
> [mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com] 
> *On Behalf Of *Bill Effros
> *Sent:* Tuesday, January 06, 2009 10:01 AM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] Will Be Sold Sunday Night
>
>  
>
> Paul!
>
> The 5-Day Method will get you the highest possible price for your 
> property at the current time.  Don't take shortcuts.  Don't re-invent 
> the wheel!
>
> Bill Effros
>
>
>
> Paul R. Schechter wrote:
>
> Bill,
>
>  
>
> Thanks again for your responses.
>
>  
>
> I have one more question for you.  I have a property that has been 
> listed for a few months and there are 3 interested buyers who have to 
> sell their houses before they can buy mine.  Since I've already found 
> 3 buyers, is the 5day sale still worth pursuing?
>
>  
>
> Paul
>
>  
>
> *From:* 
> 5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com 
> <mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com> 
> [mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com] 
> *On Behalf Of *Bill Effros
> *Sent:* Saturday, January 03, 2009 7:44 AM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* [5-DayForum] Will Be Sold Sunday Night
>
>  
>
> Paul,
>
> Outline answers for now, I will be filling in the blanks.
>
> We can easily agree that "lying" is not the issue if, in fact, the 
> seller always sells to the highest bidder.
>
> Your real issue is what to do if the seller is dissatisfied with the 
> high bid.
>
> My answer is that you should not conduct a five-day sale unless you 
> are prepared to take the high bid.
>
> The 5-Day Method does not change the market, it will only get you the 
> high end of the current market value on the day YOU HAVE SELECTED to 
> sell your home.
>
> And it will accomplish that task every single time--provided you make 
> absolutely clear that you are REALLY going to sell the home Sunday 
> night to the high bidder.
>
> If you fudge this issue, you cannot expect real buyers to give you 
> their best bids.
>
> There is absolutely nothing The 5-Day Method, or any other method, can 
> do to make your home magically become worth what you paid for it, if 
> it is currently worth less.
>
> You must deal with the problem immediately--the sooner the 
> better--before things get worse.  (And they will get worse because you 
> will continue to incur mortgage, tax, insurance, and maintenance costs.)
>
> So, if the high bid is not sufficient to pay off your mortgage, and 
> you are unwilling to make up the difference, you march your buyer down 
> to the bank and ask the bank what they want to do.
>
> If the bank and buyer can't work something out between them, then the 
> bank has, in effect, outbid the high bidder, and you have sold your 
> home to the bank on Sunday night. 
>
> Either way, you sell your home to the high bidder Sunday night, and 
> get on with your life.
>
> I would be a rich man if I had a nickel for every seller who came to 
> me 6 months after turning down the high bid on Sunday night to ask how 
> it is possible to sell for the amount refused previously.
>
> If you think things will be better 6 months from now, run your 5-Day 
> Sale 6 months from now.  If you think it will be better to sell now, 
> run your 5-Day Sale now.  Either way--follow the 5-Day Method EXACTLY 
> and you will get the most you can get on the day you picked.
>
> Without ever lying, or doing anything in the smallest way unethical.
>
> Bill Effros, Author
>
>
>
> Paul R. Schechter wrote:
>
> Hi Bill,
>
>  
>
> I am one of those people who are concerned with the statement "will be 
> sold Sunday night to the high bidder".  I see in your response below 
> you advocate the statement never be a lie by selling it to the high 
> bidder "no matter what the final bid".  How can you maintain that 
> position if the high bid is not enough to payoff the loan(s)?
>
>  
>
> There are responses in this forum from people who have been in this 
> situation and had to tell the high bidder their bid was not enough.  
> They claim the high bidder understood the situation and increased 
> their bid; to me, this is unethical & hard to swallow.
>
>  
>
> Respectfully,
>
>  
>
> Paul
>
>  
>
> -----Original Message-----
> *From:* 
> 5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com 
> <mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com> 
> [mailto:5-dayforum-bounces+p.schechter=verizon.net at mailman.howtosellyourhomein5days.com] 
> *On Behalf Of *Bill Effros
> *Sent:* Friday, January 02, 2009 11:04 AM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] Success Ratio
>
>  
>
> Keith,
>
> This is one I'll be hitting heavily as soon as I have the time.
>
> Here's the summary:
>
> The starting price in the ad is supposed to be 50% of what the seller 
> honestly believes is the current value. To put it another way, the 
> seller's implied reserve is double the starting price.
>
> The statement "will be sold Sunday night to the high bidder" should 
> never be a lie -- no matter what the final bid.
>
> I sell every home, every time -- the only escape clause is the 
> unstated stipulation that I must get 25 responses by Friday night. If 
> you can't find 25 people in three days who believe your home may 
> currently be worth twice the starting price, you should not proceed 
> with your inspection.
>
> If you do get 25 people by Friday night, and if you do run your open 
> house, and round-robin properly, you will get the high-end of the 
> current fair market value. Every single time.
>
> The problems come when people start weaseling about "what they will 
> really take"; or when they inflate the number of responses by 
> deploying clowns with cattle prods to round up the usual suspects.
>
> More on this to come, -- lots more.
>
> Bill Effros, author
>
> Keith R. Pinster wrote:
>
> Hi Bill,
>
>  
>
> What do you mean by "The implied reserve is double the starting 
> price"?  I think the problem most people are having is the "implied 
> lie" that you will sell the house for anything over the price in the 
> ad, so if they don't get enough, they think they are "lying" to the 
> public.  What are your thoughts on this?
>
>  
>
> Keith -- Vancouver, WA
>
>  
>
> ------------------------------------------------------------------------
>
> *From:* Bill Effros [mailto:bill at effros.com]
> *Sent:* Thursday, January 01, 2009 8:54 PM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] Success Ratio
>
>  
>
> Betty,
>
> I believe you will get more money for each sale if you don't use 
> undisclosed reserves.  The implied reserve is double the starting price.
>
> Have your fee placed in escrow before the sale (not legal 
> everywhere--what's the story in Missouri?)
>
> I assume you base your fee on a percentage of the selling price.  The 
> escrow amount should be double the starting price times your 
> percentage.  If your client fails to get the implied reserve, your fee 
> is your percentage of the actual selling price, and the client gets 
> back the difference from the escrow account.
>
> If the client throws in a "ringer" who is jacking up the price beyond 
> what anyone else will pay, the client still pays your fee based on the 
> shill's bid.  This tends tends to discourage this practice which 
> usually winds up with the seller buying the house and refusing to pay 
> a fee to the broker who did all the work.
>
> If the bank outbids every other buyer, you get your percentage of the 
> bank's price.
>
> The key to the implied reserve is the 25 responses by Friday night 
> rule.  If you fail to get 25 responses by Friday night, offering the 
> property for 50% of the implied reserve, that property is unlikely to 
> sell for more than the implied reserve, and you, as the broker, don't 
> have to waste your time and effort.
>
> Of course, since the client has to put up escrow money in advance, 
> there is an incentive to start with a low implied reserve.  This works 
> for everyone, as it makes it far more likely that the very low 
> starting price will attract a high number of potential buyers, and 
> that you will not be wasting your time when you set up the sale.  If 
> the property sells for more than double the starting price, you get 
> more than the escrow amount.
>
> Please note, I am absolutely sure you do not get a lower selling price 
> if you use a lower starting price.  You do more work, and see more 
> people who will not pay the top price, but the top price is the top 
> price no matter where you start.  This is true whether the seller has 
> equity in the property or not.
>
> The lower starting prices and lower implied reserve will ensure that 
> you don't lose 3 days setting up a sale that won't ever happen.  You 
> will do more work at each sale, but you should be able to increase 
> your success ratio to 100%.
>
> Bill Effros
>
>
>
> Betty Pauley wrote:
>
> My name is Betty Pauley, I am a Realtor in Columbia Missouri.
>  
> I have used this method six times, five of the six the homes were sold as a direct result of the sale.  I follow the book very closely, but also utilize the MLS and the Realtor Network.  Two of the five buyers were represented by a Realtor.  I put comments in the MLS remarks section giving information about the sale.  Other Realtors in the community are now starting to copy the method.  I am also getting referrals from other Realtors who do not want to use the method.
>  
> I make sure that there is equity in the property to pay my fee.  The one home that did not sell had no equity and wound up being reposessed.  I learned my lesson from that one. 
>  
> I place a small classified ad to run Wednesday thru Sunday, hold the home open 10-6 on Sat and Sunday, start the Round Robin at 7:00 on Sunday.  I purchased the sign package and put signs out everywhere.  If the owner is willing and available, I have them with me at the open houses to answer questions.  I also put the owners phone number on the sign and ad to take the calls. 
>  
> I make it very clear to all potential bidders that nothing is binding until it is in writing on either the buyers or sellers part.  I also state that there is an undisclosed reserve.  When asked what it is,  I just smile sweetly and say 'its undisclosed'....
>   
>  
>  
>  
>  
>  
>  
> ------------------------------------------------------------------------
>
>
>   
>  
>  
>   
>  
>  
>  
>  
>  
> _______________________________________________
> 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 <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  Thu Jan  8 10:24:39 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 08 Jan 2009 10:24:39 -0500
Subject: [5-DayForum] Help! I have a person that wants me to conduct a
 5	daysale for his house
In-Reply-To: <4852156ED0014BC5BE2F8F3D96B30655@rosemarifv6onv>
References: <5b00c6e00901080543m32fc464q6dca67c492732475@mail.gmail.com>
	<4852156ED0014BC5BE2F8F3D96B30655@rosemarifv6onv>
Message-ID: <49661AB7.9050900@effros.com>

Please sign your name when asking questions.

You will probably get away with this if you try, but it is looking for 
trouble.

Also, your seller probably will not be happy with the price you obtain, 
and you probably will not get anything for your effort when push comes 
to shove.

Bill Effros, Author



rosemarie-fred wrote:
> I am sure the realtors here will let you know that what you intend to do is 
> acting as a licensed real estate agent, and not lawful. Some folks on this 
> forum have suggested that it's OK if you take an option on the house. Then 
> you try to sell it for more than your option. You need to have an equitable 
> interest in the house. I think you should line up a lawyer to be the 
> settlement agent and you can then ask your questions from someone who knows 
> the law.
> In my humble opinion, if you are going to make $5,000 you should pay for the 
> marketing.
> Good luck!
> Rosemarie
> occasional seller, investor
>
> ----- Original Message ----- 
> From: "Bascon Family" <helpinghandhomebuyers at gmail.com>
> To: <5-dayforum at howtosellyourhomein5days.com>
> Sent: Thursday, January 08, 2009 8:43 AM
> Subject: [5-DayForum] Help! I have a person that wants me to conduct a 5 
> daysale for his house
>
>
>   
>> I have someone that is interested in having me conduct a 5 Day sale.
>> He asked me how much I would charge, and I mentioned to him $5K in the
>> event the house finds a buyer at a reasonable price he would be happy
>> with. Where can I find a sample contract that I can use between me and
>> him with me acting as a consultant? Also, it it ok for me to ask him
>> to pay for the marketing costs or is it up to me?
>> _______________________________________________
>> 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 catalac8m at yahoo.com  Thu Jan  8 12:35:28 2009
From: catalac8m at yahoo.com (Brad)
Date: Thu, 8 Jan 2009 09:35:28 -0800 (PST)
Subject: [5-DayForum] $XXX or Best Offer
Message-ID: <995147.89051.qm@web32205.mail.mud.yahoo.com>

?
Hello,
?
I'm new to this board? and the 5 day sale concept and have a question that may have been asked before. I just read your book (twice) and have only one?question:
?
First my situation. Currently in a house in Pasadena, MD valued at about 245K so half of that would be 122,500. I owe 184,000. I can't see how the ad copy saying "$122,500 or best offer would be seen by anyone other than meaning or implying that I would take 122,500 now to end the sale. Any other?items for sale with a price and a "Best Offer" means that the price listed in the ad is the price that the buyer will take to sell the item and will consider all offers?lower than that price listed. I can't see how potential buyers would be?happy if I told them the 122,500 was just there to grab their interest and get them to look at the house. Everything else about the book and the system looks great except?that? uncomfortable feeling I have with this part of the?ad. I feel it's really a "bait and switch" tactic and would put people off.? I need other people's experience of how they handled this with potential buyers.
?
?Thanks in advance,
?
Brad??


      
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From flyingnutjob at gmail.com  Thu Jan  8 13:51:56 2009
From: flyingnutjob at gmail.com (Dutch Revenboer)
Date: Thu, 8 Jan 2009 12:51:56 -0600
Subject: [5-DayForum] $XXX or Best Offer
In-Reply-To: <995147.89051.qm@web32205.mail.mud.yahoo.com>
References: <995147.89051.qm@web32205.mail.mud.yahoo.com>
Message-ID: <d2b697900901081051x366bfdees9e8846e02d36fdf3@mail.gmail.com>

Brad,

When you see a Ferrari on e-Bay for .01, do you REALLY believe that you can
buy that car for one penny?

If you do, I have a nice ocean front property in Kansas for sale, cheap.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No
Credit, Bad Credit OK - www.BuySellRentHouses.com


On Thu, Jan 8, 2009 at 11:35 AM, Brad <catalac8m at yahoo.com> wrote:

>
> Hello,
>
> I'm new to this board  and the 5 day sale concept and have a question that
> may have been asked before. I just read your book (twice) and have only
> one question:
>
> First my situation. Currently in a house in Pasadena, MD valued at about
> 245K so half of that would be 122,500. I owe 184,000. I can't see how the ad
> copy saying "$122,500 or best offer would be seen by anyone other than
> meaning or implying that I would take 122,500 now to end the sale. Any
> other items for sale with a price and a "Best Offer" means that the price
> listed in the ad is the price that the buyer will take to sell the item and
> will consider all offers lower than that price listed. I can't see how
> potential buyers would be happy if I told them the 122,500 was just there to
> grab their interest and get them to look at the house. Everything else about
> the book and the system looks great except that  uncomfortable feeling I
> have with this part of the ad. I feel it's really a "bait and switch" tactic
> and would put people off.  I need other people's experience of how they
> handled this with potential buyers.
>
>  Thanks in advance,
>
> Brad
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
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From tlginsberg at yahoo.com  Thu Jan  8 13:59:33 2009
From: tlginsberg at yahoo.com (Tanya Ginsberg)
Date: Thu, 8 Jan 2009 10:59:33 -0800 (PST)
Subject: [5-DayForum] Success Ratio
In-Reply-To: <BLU122-W15B59F3B149BADC5D19E3B4DF0@phx.gbl>
Message-ID: <170666.74539.qm@web33407.mail.mud.yahoo.com>

Bill,
I'll second Kyle...? Thank you again for sharing your experiences and wisdom in this arena.? It is valued and appreciated.
-Tanya
?
?
?
n Wed, 1/7/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:

From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] Success Ratio
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Wednesday, January 7, 2009, 12:07 PM




#yiv244384698 .hmmessage P
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margin:0px;padding:0px;}
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font-size:10pt;font-family:Verdana;}

Bill:
?
It's great having you back and we all appreciate your insight and intellectual honesty!
?
We'll keep you posted on our efforts and results.
?
Cheers, Kyle





Date: Wed, 7 Jan 2009 12:42:07 -0500
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Success Ratio

Kyle,

Too much red meat in your comments to reply at any length.

Don't confuse the fact that you can't get the price you are hoping for with the fact that you don't get 25 calls by Friday night when your starting price is too high.

The bubble was created by banks qualifying too many buyers for homes not worth what the buyers were willing to pay with money they did not have.? It is good that there are fewer qualified buyers for over-priced homes.? There are more than enough qualified buyers for properly priced homes.

Real estate has always been a commodity, and just like $150/barrels of oil, profiteers sometimes distort the market.? 

If buyers are not going more than 20% above the starting price, by definition you are starting too high.? Start lower, spend less on advertising, locate the 3 real buyers in 5 days, and get the most you can get at the current time.? There is nothing to be gained from selling a home 6 months from now if the price remains flat or continues to fall.

I have no more crystal ball than you with regard to the future.? I don't think the price of some homes will ever stop falling--I think many homes will ultimately be bulldozed flat, and never lived in again.? I believe we are in a depression that could last for 10 years. I think it will end with either a war or massive inflation in which other countries will emerge economic winners while we emerge as economic losers.

I think the average home price and size will never again reach the levels we saw in the past, in inflation adjusted terms.? I think the sooner people adjust to an economic sea change, the better off they will come out in the end.

Sorry about all the pessimism about the future, let's hope I'm wrong.

But I continue to believe that no matter what happens, the 5-Day Method is the safest way to buy or sell a home in the present.

Bill Effros, Author

Kyle Cascioli wrote: 



#yiv244384698 .ExternalClass .EC_hmmessage P
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#yiv244384698 .ExternalClass body.EC_hmmessage
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Hi Bill:
?
I respectfully disagree ... 
?
While you are the king, I've conducted 3 sales since October 1st when the stock market collapsed (I'm currently preparing for our?13th and 14th sales since October 2007), and it has clearly become more difficult to get the required contacts.
?
The qualified buyer pool has contracted significantly given tightening loan underwriting criteria.
?
Additionally, I have observed that the return on investment (ROI) for advertising in a 5 Day Sale or auction format is greater than that of real estate priced at or above market.
?
In my opinion, this is because?a below market starting bid price-point distinguishes the property offering from traditionally over-priced listed properties (real estate is now a commodity), attracts more attention, and drives traffic to the websites?we have used in support of the sale?(our website?traffic stats confirm this).
?
The advertising works, but it's just getting harder to get advertising viewers to "convert" to 5 Day Sale participants than it used to.??This may?be a function of many 5 Day sale?sellers' resistance to start bidding at?the 50% of market value level (Bill, you are always having to tell Forum members that it won't work if they don't start at 50%).
?
Interestingly, I have noticed that bidders have been less competitive relative to advancing bids much more than 20% above the starting bid price since October 1st.? Market instability abounds and nobody knows when we'll hit bottom.
?
Bill ... when do you think we'll hit the bottom of this cycle?
?
Best to all,
?
Kyle Cascioli
www.AuctionBySeller.com 
?


?



From: rcutcher at austin.rr.com
To: 5-dayforum at howtosellyourhomein5days.com
Date: Wed, 7 Jan 2009 08:58:13 -0600
Subject: [5-DayForum] Success Ratio






RC

I've tested all different levels of advertising, and it has never made a 
difference.

If someone bought a home from you in January 08 and wanted to sell it 
today would they be able to get back what they paid for it?

I was in Austin a couple of years ago promoting the book. Drove out to 
Salt Lick Barbecue.? Came over a hill. And there in front of me was the 
most unlikely site (at least as far as a New Yorker with Texas 
stereotypes was concerned.)? Do you know what it was?

Bill Effros, Author


?
Hey Bill,
?
There is an old country store out there that helps ?holds down the town name of Driftwood.?? It looks like a ghost town between owners.? That is my guess.? That one particular?Salt Lick?historically does not?take credit cards (as of 2008), so lots of Realtors end up standing around while somebody heads to the car to look for a checkbook. lol. 
?
As to your comment?and thinking about ?Advertising....keep testing.?? You are sort of in the business of Advertising and anyone who is in the field of research and testing (especially advertising)?should never use the word 'never,' ..ever.?? 
?
Advertising is art,? and not very much given over to stats or a processed system. ?
?
RC Cutcher
Austin Texas Homes, LLC
www.austintexashomes.com
512-848-4449
January Short Sale/Foreclosure Workshops
Jan. 16th and 22nd? in Austin, Texas
?


Windows LiveTM: Keep your life in sync. See how it works. 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  


Windows LiveTM Hotmail?: Chat. Store. Share. Do more with mail. See how it works. _______________________________________________
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_lavering at yahoo.com  Thu Jan  8 14:07:33 2009
From: m_lavering at yahoo.com (michael lavering)
Date: Thu, 8 Jan 2009 11:07:33 -0800 (PST)
Subject: [5-DayForum] $XXX or Best Offer
In-Reply-To: <d2b697900901081051x366bfdees9e8846e02d36fdf3@mail.gmail.com>
Message-ID: <468779.96798.qm@web36905.mail.mud.yahoo.com>

It is not a bait and switch, I tell people right up front that it is a "teaser price" to get them to come look.? "Would you really sell this house for $XX (1/2 price)?? The anwser straight out of the book is, "yes, if that is the best offer".? But as Bill points out very clearly is that if you have gotten your 25 (miniumum) callers then you will have your 3 real buyers, and the other two buyers are not going to let buyer one walk away with your house for 1/2 price, they will bid it up $500 each and so on . . .
?
Another tactic I have used is when I explain the sale is, "You most likely have already decided what you think this house is worth, and you should bid up to that price."

--- On Thu, 1/8/09, Dutch Revenboer <flyingnutjob at gmail.com> wrote:

From: Dutch Revenboer <flyingnutjob at gmail.com>
Subject: Re: [5-DayForum] $XXX or Best Offer
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, January 8, 2009, 9:51 AM


Brad,

When you see a Ferrari on e-Bay for .01, do you REALLY believe that you can buy that car for one penny?

If you do, I have a nice ocean front property in Kansas for sale, cheap.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com



On Thu, Jan 8, 2009 at 11:35 AM, Brad <catalac8m at yahoo.com> wrote:






?
Hello,
?
I'm new to this board? and the 5 day sale concept and have a question that may have been asked before. I just read your book (twice) and have only one?question:
?
First my situation. Currently in a house in Pasadena, MD valued at about 245K so half of that would be 122,500. I owe 184,000. I can't see how the ad copy saying "$122,500 or best offer would be seen by anyone other than meaning or implying that I would take 122,500 now to end the sale. Any other?items for sale with a price and a "Best Offer" means that the price listed in the ad is the price that the buyer will take to sell the item and will consider all offers?lower than that price listed. I can't see how potential buyers would be?happy if I told them the 122,500 was just there to grab their interest and get them to look at the house. Everything else about the book and the system looks great except?that? uncomfortable feeling I have with this part of the?ad. I feel it's really a "bait and switch" tactic and would put people off.? I need other people's experience of how they handled this with p! otential buyers.
?
?Thanks in advance,
?
Brad??

_______________________________________________
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 Jan  8 16:02:05 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 08 Jan 2009 16:02:05 -0500
Subject: [5-DayForum] $XXX or Best Offer
In-Reply-To: <468779.96798.qm@web36905.mail.mud.yahoo.com>
References: <468779.96798.qm@web36905.mail.mud.yahoo.com>
Message-ID: <496669CD.2080301@effros.com>

The very first time I sold a home using the 5-Day Method was in a market 
like this.  My broker told me the market was so bad I should wait 6 
months.  The carrying costs on the house were $3000 a month.  No one was 
in it, and it was deteriorating.

6 months and $18,000 later I asked my broker to put the house on the 
market.  He told me the market was worse now than it was 6 months 
previously, and that I should wait another 6 months.

I took out my pencil.  (This was 20 years ago.)

I think I had a $254,000 mortgage.  My broker told me that in the 
current market I would be lucky to get $200,000 for it.  If my broker 
took 6% I would net just $188,000. If the best offer he could get was 
$195,000, would I take it?  Of course I would. How about $190,000?  
Sure--I had already lost $18,000 and the number just kept going up. 
$185,000?  Yes.  $180,000? Yes.

There was no end to it!  I was worse off holding than selling, no matter 
what the price.  If I had just sold it myself for $200,000 6 months 
earlier, I would have put $200,000 in my pocket.  Now, I was considering 
my broker's suggestion that I lay out $36,000 in carrying costs along 
with $12,000 in broker fees--$48,000--in the HOPE that the market would 
go UP to $200,000 from where ever it was now.

If I agreed to this plan it meant I was prepared to put just $152,000 in 
my pocket, or even less if the market stayed flat or went down.

I thought that was crazy.  I decided to get rid of that house as fast as 
possible.  I ran the ad at $199,500 or best offer-- and I fully expected 
the best offer would be less than $199,500--but whatever it was, I knew 
my best move was to take it.

10 days later I had $276,500 in my pocket--cash.  I paid off my 
mortgage, and had some money left over.  There was no brokerage fee.  I 
ran the ad for 5 days because the New York Times was offering a 
Wednesday through Sunday special.

There is no bait and switch here!  "or Best Offer" means "or Best Offer" 
-- up or down.  And if you find 25 respondents in a 3 day period for a 
quarter of a million dollar purchase, you can be quite sure 
knowledgeable people expect to pay more than $124,500 for that property, 
and the unknowledgeable will be outbid.

It's just as simple as that.  YOU TAKE THE HIGH BID, NO MATTER WHAT IT 
IS!  If you are not prepared to do this, don't run a 5-Day Sale.

Bill Effros, Author

michael lavering wrote:
> It is not a bait and switch, I tell people right up front that it is a 
> "teaser price" to get them to come look.  "Would you really sell this 
> house for $XX (1/2 price)?  The anwser straight out of the book is, 
> "yes, if that is the best offer".  But as Bill points out very clearly 
> is that if you have gotten your 25 (miniumum) callers then you will 
> have your 3 real buyers, and the other two buyers are not going to let 
> buyer one walk away with your house for 1/2 price, they will bid it up 
> $500 each and so on . . .
>  
> Another tactic I have used is when I explain the sale is, "You most 
> likely have already decided what you think this house is worth, and 
> you should bid up to that price."
>
> --- On *Thu, 1/8/09, Dutch Revenboer /<flyingnutjob at gmail.com>/* wrote:
>
>     From: Dutch Revenboer <flyingnutjob at gmail.com>
>     Subject: Re: [5-DayForum] $XXX or Best Offer
>     To: "How To Sell Your Home in 5-Days"
>     <5-dayforum at mailman.howtosellyourhomein5days.com>
>     Date: Thursday, January 8, 2009, 9:51 AM
>
>     Brad,
>
>     When you see a Ferrari on e-Bay for .01, do you REALLY believe
>     that you can buy that car for one penny?
>
>     If you do, I have a nice ocean front property in Kansas for sale,
>     cheap.
>
>
>     Dutch Revenboer
>
>     Broker Associate
>     Metro Brokers of Oklahoma
>     www.DreamHomesOKC.com <http://www.dreamhomesokc.com/>
>     405-590-6563
>
>     We Buy Houses - www.OKCash4Homes.com <http://www.okcash4homes.com/>
>
>     We Help Stop Foreclosure - www.OKHomesavers.com
>     <http://www.okhomesavers.com/>
>
>     We Sell / Lease Homes - Specializing in Low Down Owner Carry
>     Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com
>     <http://www.buysellrenthouses.com/>
>
>
>     On Thu, Jan 8, 2009 at 11:35 AM, Brad <catalac8m at yahoo.com
>     <mailto:catalac8m at yahoo.com>> wrote:
>
>          
>         Hello,
>          
>         I'm new to this board  and the 5 day sale concept and have a
>         question that may have been asked before. I just read your
>         book (twice) and have only one question:
>          
>         First my situation. Currently in a house in Pasadena, MD
>         valued at about 245K so half of that would be 122,500. I owe
>         184,000. I can't see how the ad copy saying "$122,500 or best
>         offer would be seen by anyone other than meaning or implying
>         that I would take 122,500 now to end the sale. Any other items
>         for sale with a price and a "Best Offer" means that the price
>         listed in the ad is the price that the buyer will take to sell
>         the item and will consider all offers lower than that price
>         listed. I can't see how potential buyers would be happy if I
>         told them the 122,500 was just there to grab their interest
>         and get them to look at the house. Everything else about the
>         book and the system looks great except that  uncomfortable
>         feeling I have with this part of the ad. I feel it's really a
>         "bait and switch" tactic and would put people off.  I need
>         other people's experience of how they handled this with p!
>         otential buyers.
>          
>          Thanks in advance,
>          
>         Brad  
>
>
>
>         _______________________________________________
>         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
>   
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From malleus1975 at yahoo.com  Thu Jan  8 18:12:57 2009
From: malleus1975 at yahoo.com (Greg Graf)
Date: Thu, 8 Jan 2009 15:12:57 -0800 (PST)
Subject: [5-DayForum] Confirm
Message-ID: <621936.6750.qm@web63202.mail.re1.yahoo.com>




      
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From mattleckinger at gmail.com  Thu Jan  8 18:34:00 2009
From: mattleckinger at gmail.com (Matthew Leckinger)
Date: Thu, 8 Jan 2009 18:34:00 -0500
Subject: [5-DayForum] 5 Day Sale in Tallahassee, FL
Message-ID: <f4adbdeb0901081534l724b6476x36ba515be38d2661@mail.gmail.com>

Good evening,

Purchased the book a while ago and have been reading through the forum.
What a wealth of information!  Was wondering if anyone has had any luck with
a 5-Day sale in the Tallahassee, FL area? Thanks

Matt
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From patricialone at hotmail.com  Thu Jan  8 19:48:59 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Thu, 8 Jan 2009 19:48:59 -0500
Subject: [5-DayForum] One person doing it all...
Message-ID: <BLU141-W393393F172E5144A7064ADD2DD0@phx.gbl>


Hi all... me again.  I am not quite through reading the book yet, but I have read enough to know that Bill suggests having multiple people involved in the process.  I am not able to have others that would be willing or able to assist me in this process.  (I expect the houses will not bring in enough cash to afford paying others for their assistance, which puts me back to square one since I have no family or relatives to help.)How can this be done with only one person doing it all?  (I was a real estate agent for 1-and-a-half years, and I also have a legal assistant degree for whatever extent those two things would apply.)Patricia  Michigan, Conservator/Landlord/Seller
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From jcrafor at hotmail.com  Thu Jan  8 20:11:43 2009
From: jcrafor at hotmail.com (j crafor)
Date: Fri, 9 Jan 2009 01:11:43 +0000
Subject: [5-DayForum] One person doing it all...
In-Reply-To: <BLU141-W393393F172E5144A7064ADD2DD0@phx.gbl>
References: <BLU141-W393393F172E5144A7064ADD2DD0@phx.gbl>
Message-ID: <BAY135-W14315CDCE0F8E6157C85B7AEDD0@phx.gbl>


No expert here, but if I didn't have health issues, I would very likely attempt to do it myself, or  perhaps hire a temp person the first day to determine if I COULD do it the second day myself. 
I hired two people (friends) so that if I became unable to continue, (which is a real possibility for me) that they would be able to help each other. That is the only way I could do it.
JCrafor



From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Thu, 8 Jan 2009 19:48:59 -0500Subject: [5-DayForum] One person doing it all...


Hi all... me again.  I am not quite through reading the book yet, but I have read enough to know that Bill suggests having multiple people involved in the process.  I am not able to have others that would be willing or able to assist me in this process.  (I expect the houses will not bring in enough cash to afford paying others for their assistance, which puts me back to square one since I have no family or relatives to help.)How can this be done with only one person doing it all?  (I was a real estate agent for 1-and-a-half years, and I also have a legal assistant degree for whatever extent those two things would apply.)Patricia  Michigan, Conservator/Landlord/Seller
_________________________________________________________________
Windows Live?: Keep your life in sync.
http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t1_allup_explore_012009
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From bill at effros.com  Fri Jan  9 09:08:43 2009
From: bill at effros.com (Bill Effros)
Date: Fri, 09 Jan 2009 09:08:43 -0500
Subject: [5-DayForum] One person doing it all...
In-Reply-To: <BLU141-W393393F172E5144A7064ADD2DD0@phx.gbl>
References: <BLU141-W393393F172E5144A7064ADD2DD0@phx.gbl>
Message-ID: <49675A6B.7050604@effros.com>

Patricia,

It can be done alone, but it's a lot of work.

People bunch up. You are trying to talk to 4 people at the same time.  
You may not make your best pitch to the right person.  You'll never 
know.  It gets chaotic.

You've got to go to the bathroom.  You've got to eat something.  If you 
talk non-stop for 2 days you may lose your voice.  If you're tired while 
you're running the Round-Robin it can cost you thousands of dollars.

Hire somebody!  With all the people out of work, there must be plenty 
who would be happy to stand around the house and help you for a couple 
of hundred bucks for the weekend.  This is not rocket science.

If you get 1 more $500 bid, and you will, it pays for the extra person 
(or more if you are flooded by responses.)  If you don't get 25 
responses by Friday night, you don't run the sale, and you don't need 
any help.

Bill Effros,  Author

Patricia Lone wrote:
>
> *Hi all... me again.  I am not quite through reading the book yet, but 
> I have read enough to know that Bill suggests having multiple people 
> involved in the process.  I am not able to have others that would be 
> willing or able to assist me in this process.  (I expect the houses 
> will not bring in enough cash to afford paying others for their 
> assistance, which puts me back to square one since I have no family or 
> relatives to help.)
>
> How can this be done with only one person doing it all?  (I was a real 
> estate agent for 1-and-a-half years, and I also have a legal assistant 
> degree for whatever extent those two things would apply.)
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller*
>
>
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From seriousproperty at gmail.com  Fri Jan  9 00:47:03 2009
From: seriousproperty at gmail.com (Serious Property Solutions)
Date: Fri, 9 Jan 2009 00:47:03 -0500
Subject: [5-DayForum] One person doing it all...
In-Reply-To: <BLU141-W393393F172E5144A7064ADD2DD0@phx.gbl>
References: <BLU141-W393393F172E5144A7064ADD2DD0@phx.gbl>
Message-ID: <ae701b2a0901082147p6a9e06e9s10fadf034dfb65fd@mail.gmail.com>

A warm and cheery hello to all!!

I've been a lurker on this board for a brief time. This is my first post to
the forum. I will be holding my first 5-Day Sale on January 24th and 25th in
an effort to sell an investment property I own. And I'm seriously under
the wire to make this successfully happen as I have a hard money loan on
this property that's about to come due. Aacckkk!!!!

To Patricia, I'm in the same boat as you in regard to not really having
anyone to help me with the 5-Day Sale. But I do know that, even as a
financially stretched-to-the-max single Mom, my safety is paramount and it's
worth every penny. Although I can't really afford to pay anyone to be with
me during the Open House, I realize it's a necessary (and minimal) expense
I'm willing to incur in order to keep myself safe. I would strongly urge you
to do the same and find a few folks -- anyone you know and trust -- to be
with you during your Open House and pay them a minimal fee for their time.

I wish you all the best, Patricia. Be well and be safe. And thank you, Mr.
Effros, for your wonderful book and for this enlightening forum you've
hosted. I'm so thankful and blessed to be a part of it!!

Extra special luck to JCrafor this weekend during your Open House. I hope
you get the price you're seeking!!

Warmest regards to all,

Kathryn
Harrisburg, PA
nervous seller / landlord / investor

On Thu, Jan 8, 2009 at 7:48 PM, Patricia Lone <patricialone at hotmail.com>wrote:

>  *Hi all... me again.  I am not quite through reading the book yet, but I
> have read enough to know that Bill suggests having multiple people involved
> in the process.  I am not able to have others that would be willing or able
> to assist me in this process.  (I expect the houses will not bring in enough
> cash to afford paying others for their assistance, which puts me back to
> square one since I have no family or relatives to help.)
>
> How can this be done with only one person doing it all?  (I was a real
> estate agent for 1-and-a-half years, and I also have a legal assistant
> degree for whatever extent those two things would apply.)
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller*
>
>
>
> _______________________________________________
> 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  Fri Jan  9 09:45:49 2009
From: bill at effros.com (Bill Effros)
Date: Fri, 09 Jan 2009 09:45:49 -0500
Subject: [5-DayForum] Super Bowl Playoffs
In-Reply-To: <ae701b2a0901082147p6a9e06e9s10fadf034dfb65fd@mail.gmail.com>
References: <BLU141-W393393F172E5144A7064ADD2DD0@phx.gbl>
	<ae701b2a0901082147p6a9e06e9s10fadf034dfb65fd@mail.gmail.com>
Message-ID: <4967631D.5080403@effros.com>

Kathyrn,

The weekends leading up to the Super Bowl are difficult for 5-Day 
Sales.  The guys are more involved with sports than home buying.  
Philadelphia has a team in the running.

The best weekend of the year for 5-Day Sales is the weekend before the 
Super Bowl when no games are played, and the men will do anything asked 
of them.

They'll say they don't like your home just to avoid being away from the 
set while the playoffs are in progress.  Running a Round-Robin that 
competes with the Super Bowl itself is just plain silly. (You can still 
sell the house, but you will surely get less because some of the real 
buyers just won't show up--the game is more important to them at that 
time than almost anything else.)

If you can wait until the weekend of Jan 24-25 you will get more for 
your home than any other weekend until after the Super Bowl.

Bill Effros, Author

Serious Property Solutions wrote:
> A warm and cheery hello to all!!
>  
> I've been a lurker on this board for a brief time. This is my first 
> post to the forum. I will be holding my first 5-Day Sale on January 
> 24th and 25th in an effort to sell an investment property I own. And 
> I'm seriously under the wire to make this successfully happen as I 
> have a hard money loan on this property that's about to come due. 
> Aacckkk!!!! 
>  
> To Patricia, I'm in the same boat as you in regard to not really 
> having anyone to help me with the 5-Day Sale. But I do know that, even 
> as a financially stretched-to-the-max single Mom, my safety is 
> paramount and it's worth every penny. Although I can't really afford 
> to pay anyone to be with me during the Open House, I realize it's a 
> necessary (and minimal) expense I'm willing to incur in order to keep 
> myself safe. I would strongly urge you to do the same and find a few 
> folks -- anyone you know and trust -- to be with you during your Open 
> House and pay them a minimal fee for their time.
>  
> I wish you all the best, Patricia. Be well and be safe. And thank you, 
> Mr. Effros, for your wonderful book and for this enlightening forum 
> you've hosted. I'm so thankful and blessed to be a part of it!! 
>  
> Extra special luck to JCrafor this weekend during your Open House. I 
> hope you get the price you're seeking!!
>  
> Warmest regards to all,
>  
> Kathryn
> Harrisburg, PA
> nervous seller / landlord / investor
>
> On Thu, Jan 8, 2009 at 7:48 PM, Patricia Lone 
> <patricialone at hotmail.com <mailto:patricialone at hotmail.com>> wrote:
>
>     *Hi all... me again.  I am not quite through reading the book yet,
>     but I have read enough to know that Bill suggests having multiple
>     people involved in the process.  I am not able to have others that
>     would be willing or able to assist me in this process.  (I expect
>     the houses will not bring in enough cash to afford paying others
>     for their assistance, which puts me back to square one since I
>     have no family or relatives to help.)
>
>     How can this be done with only one person doing it all?  (I was a
>     real estate agent for 1-and-a-half years, and I also have a legal
>     assistant degree for whatever extent those two things would apply.)
>
>     Patricia  *
>     *Michigan, Conservator/Landlord/Seller*
>
>
>
>
>     _______________________________________________
>     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 rcutcher at austin.rr.com  Fri Jan  9 10:43:06 2009
From: rcutcher at austin.rr.com (RC Cutcher)
Date: Fri, 9 Jan 2009 09:43:06 -0600
Subject: [5-DayForum] Ads equal Art
Message-ID: <003801c97270$f779ad60$0201a8c0@RCCutcher>

If you can't get 25 responses in 3 days advertising a property for 1/2 
what you believe the property is currently worth, then you think that 
property is worth more than you are likely to get anytime in the near 
future, no matter how much you advertise. 

Bill Said.

RC Says,
Lord have mercy. LoL.   Well, uh, a true poet is always going to disagree with any and all engineers who lock and load based on past history.  In fact, we should ban those with an engineer's mind for posting on this forum on Fridays.  Fridays should be a day to dream dreams, and think of a little chateau in Italy, and not 25 calls equals real estate destiny being eternal truth.  

Have a great weekend with your family!

RC Cutcher
Realtor, ABR
Austin Texas Homes, LLC
www.austintexashomes.com
512-848-4449
rcutcher at austin.rr.com
Trec Approved Provider No. 0623
MCE Elective Class No. 03-00-100-7436
Short Sale/Foreclosures Workshops with RC Cutcher
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From diane at eDianeCollins.com  Fri Jan  9 11:02:18 2009
From: diane at eDianeCollins.com (DianeCollins)
Date: Fri, 9 Jan 2009 10:02:18 -0600
Subject: [5-DayForum] Contacts for Illinois & Indiana
Message-ID: <B6FBEFDC908C4ECBAC4303DA43BAEE6D@DF7TLP71>

Hi to all,
    Would you have any information as to finding contacts for the loss mediators and banks holding repos. I am an Auctioneer/Broker wanting to introduce companies as to the advantages of auctions compared to hold. 

     I have used your concept with great success.

Sincerely,
Diane Collins
Illinois & Indiana Auctioneer
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From jcrafor at hotmail.com  Fri Jan  9 11:41:21 2009
From: jcrafor at hotmail.com (j crafor)
Date: Fri, 9 Jan 2009 16:41:21 +0000
Subject: [5-DayForum] Sale Diary Tucson day 3-Friday
In-Reply-To: <003801c97270$f779ad60$0201a8c0@RCCutcher>
References: <003801c97270$f779ad60$0201a8c0@RCCutcher>
Message-ID: <BAY135-W163763CED05DE18C295591AEDD0@phx.gbl>


I started my ads on Craigslist and a local list about a month ago at $116,500 based on what I had been reading in the forum, present and archived. There were about 10 responses. I sent back a form letter plus the quick and detailed descriptions: NO address, that I would email/call with that on Fri Jan 9, after 4 or 5 pm. I had pull tabs put up, too.
 
When I called 2 weeks ago to put the ad in the paper, I ran it for 12 days to catch both Weds and weekends, at !116,500. There was no response for several days, so on Mon I reduced the list amount to 78,500. 
 
So far I have just about half from each number, and about 25 responses. The house is staged, every room but the master bedroom, and the yard has a set table. 
 
Those responses have been about 12 since Tuesday, when the price was dropped, but even on Monday, I got 3 calls. So half the people are expecting 116, the other half 78. I had my papers printed at 116, so went through last night and scratched through the 116 and wrote 78 on the side. When people question, I'll just tell them it was initially listed at 116500, an arbitraty number, and since I needed to get attention, I dropped it. That will inform those thinking that the initial price was 116,500.
 
I had 3 people demanding the address right now, they would be out of town over the weekend. I told them no, that would not be fair to anyone else, everyone wanted the address when they called, and everyone is okay with waiting till Friday. I KNOW there will be two people sitting at the intersection I gave, so they can drive to it when I call them tonight.
 
I know others will be using the computer to view it and more (city) info. 
One woman called from out of state. I sent her the info, she may call with a bid. She won't be here until next week. 
 
My stomach is in knots, but I feel okay with this. 
I had a water line break, found out about it Monday, found it Tues, had it repaired Wed. Yard clean up and a few touch ups Yhurs, today spit polish, and rest. 
 
All prayers and good thoughts welcomed!
JCrafor
_________________________________________________________________
Windows Live?: Keep your life in sync. 
http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t1_allup_howitworks_012009
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From jcrafor at hotmail.com  Fri Jan  9 11:53:54 2009
From: jcrafor at hotmail.com (j crafor)
Date: Fri, 9 Jan 2009 16:53:54 +0000
Subject: [5-DayForum] Sale Diary Tucson day 3-Friday
In-Reply-To: <BAY135-W163763CED05DE18C295591AEDD0@phx.gbl>
References: <003801c97270$f779ad60$0201a8c0@RCCutcher>
	<BAY135-W163763CED05DE18C295591AEDD0@phx.gbl>
Message-ID: <BAY135-W8E998EB95D2C2578510D4AEDD0@phx.gbl>


zillow has my house zestimated at $153,500, which is probably about right, maybe a little low. 

From: jcrafor at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Fri, 9 Jan 2009 16:41:21 +0000Subject: Re: [5-DayForum] Sale Diary Tucson day 3-Friday

I started my ads on Craigslist and a local list about a month ago at $116,500 based on what I had been reading in the forum, present and archived. There were about 10 responses. I sent back a form letter plus the quick and detailed descriptions: NO address, that I would email/call with that on Fri Jan 9, after 4 or 5 pm. I had pull tabs put up, too. When I called 2 weeks ago to put the ad in the paper, I ran it for 12 days to catch both Weds and weekends, at !116,500. There was no response for several days, so on Mon I reduced the list amount to 78,500.  So far I have just about half from each number, and about 25 responses. The house is staged, every room but the master bedroom, and the yard has a set table.  Those responses have been about 12 since Tuesday, when the price was dropped, but even on Monday, I got 3 calls. So half the people are expecting 116, the other half 78. I had my papers printed at 116, so went through last night and scratched through the 116 and wrote 78 on the side. When people question, I'll just tell them it was initially listed at 116500, an arbitraty number, and since I needed to get attention, I dropped it. That will inform those thinking that the initial price was 116,500. I had 3 people demanding the address right now, they would be out of town over the weekend. I told them no, that would not be fair to anyone else, everyone wanted the address when they called, and everyone is okay with waiting till Friday. I KNOW there will be two people sitting at the intersection I gave, so they can drive to it when I call them tonight. I know others will be using the computer to view it and more (city) info. One woman called from out of state. I sent her the info, she may call with a bid. She won't be here until next week.  My stomach is in knots, but I feel okay with this. I had a water line break, found out about it Monday, found it Tues, had it repaired Wed. Yard clean up and a few touch ups Yhurs, today spit polish, and rest.  All prayers and good thoughts welcomed!JCrafor

Windows Live?: Keep your life in sync. See how it works.
_________________________________________________________________
Windows Live?: Keep your life in sync.
http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t1_allup_explore_012009
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From rosemarie-fred at mindspring.com  Fri Jan  9 13:41:57 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Fri, 9 Jan 2009 13:41:57 -0500
Subject: [5-DayForum] One person doing it all...
References: <BLU141-W393393F172E5144A7064ADD2DD0@phx.gbl>
Message-ID: <2D4DD3E0922F4857B613DE577D29133E@rosemarifv6onv>

Here's an idea for you. Back when Bill had us all organized, we would post our location as part of the subject line. Why don't you go back in the archives and see if you can find someone who has done this, or at least been part of the forum in the past? They may be willing to help out. If you were in Charlotte, I would help you! That way someone who is familiar with the process can be on the scene.
Good luck!
Rosemarie - occasional seller, investor, student of the 5-day sale!
  ----- Original Message ----- 
  From: Patricia Lone 
  To: 5-Day Forum 
  Sent: Thursday, January 08, 2009 7:48 PM
  Subject: [5-DayForum] One person doing it all...


  Hi all... me again.  I am not quite through reading the book yet, but I have read enough to know that Bill suggests having multiple people involved in the process.  I am not able to have others that would be willing or able to assist me in this process.  (I expect the houses will not bring in enough cash to afford paying others for their assistance, which puts me back to square one since I have no family or relatives to help.)

  How can this be done with only one person doing it all?  (I was a real estate agent for 1-and-a-half years, and I also have a legal assistant degree for whatever extent those two things would apply.)

  Patricia  
  Michigan, Conservator/Landlord/Seller






------------------------------------------------------------------------------


  _______________________________________________
  5-DayForum mailing list
  5-DayForum at mailman.howtosellyourhomein5days.com
  http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From damian_colden at yahoo.com  Fri Jan  9 17:16:48 2009
From: damian_colden at yahoo.com (Damian Colden)
Date: Fri, 9 Jan 2009 14:16:48 -0800 (PST)
Subject: [5-DayForum] One person doing it all...
References: <BLU141-W393393F172E5144A7064ADD2DD0@phx.gbl>
	<2D4DD3E0922F4857B613DE577D29133E@rosemarifv6onv>
Message-ID: <689401.39744.qm@web53204.mail.re2.yahoo.com>

Patricia - 

Where are you located in MI? What weekend are you planning your sale?

 Dac Colden
Realtor
Grand Blanc, MI





________________________________
From: rosemarie-fred <rosemarie-fred at mindspring.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, January 9, 2009 1:41:57 PM
Subject: Re: [5-DayForum] One person doing it all...

 
Here's an idea for you. Back when Bill had 
us all organized, we would post our location as part of the subject line. Why 
don't you go back in the archives and see if you can find someone who has done 
this, or at least been part of the forum in the past? They may be willing to 
help out. If you were in Charlotte, I would help you! That way someone who is 
familiar with the process can be on the scene.
Good luck!
Rosemarie - occasional seller, investor, 
student of the 5-day sale!
----- Original Message ----- 
From: Patricia Lone 
To: 5-Day Forum 
Sent: Thursday, January 08, 2009 7:48  PM
Subject: [5-DayForum] One person doing it  all...

Hi all... me  again.  I am not quite through reading the book yet, but I have read  enough to know that Bill suggests having multiple people involved in the  process.  I am not able to have others that would be willing or able  to assist me in this process.  (I expect the houses will not bring  in enough cash to afford paying others for their assistance, which puts me  back to square one since I have no family or relatives to help.)

How  can this be done with only one person doing it all?  (I was a real estate  agent for 1-and-a-half years, and I also have a legal assistant degree for  whatever extent those two things would apply.)

Patricia  
Michigan,  Conservator/Landlord/Seller


________________________________
 _______________________________________________
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  Fri Jan  9 20:36:12 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Fri, 9 Jan 2009 20:36:12 -0500
Subject: [5-DayForum] Sale Diary Tucson day 3-Friday
References: <003801c97270$f779ad60$0201a8c0@RCCutcher>
	<BAY135-W163763CED05DE18C295591AEDD0@phx.gbl>
Message-ID: <E20D166EB84640098FAFC021A58AC2C6@rosemarifv6onv>

Happy thoughts are headed your way!
Rosemarie
  ----- Original Message ----- 
  From: j crafor 
  To: 5-dayforum at mailman.how tosellyour home 
  Sent: Friday, January 09, 2009 11:41 AM
  Subject: Re: [5-DayForum] Sale Diary Tucson day 3-Friday


  I started my ads on Craigslist and a local list about a month ago at $116,500 based on what I had been reading in the forum, present and archived. There were about 10 responses. I sent back a form letter plus the quick and detailed descriptions: NO address, that I would email/call with that on Fri Jan 9, after 4 or 5 pm. I had pull tabs put up, too.
   
  When I called 2 weeks ago to put the ad in the paper, I ran it for 12 days to catch both Weds and weekends, at !116,500. There was no response for several days, so on Mon I reduced the list amount to 78,500. 
   
  So far I have just about half from each number, and about 25 responses. The house is staged, every room but the master bedroom, and the yard has a set table. 
   
  Those responses have been about 12 since Tuesday, when the price was dropped, but even on Monday, I got 3 calls. So half the people are expecting 116, the other half 78. I had my papers printed at 116, so went through last night and scratched through the 116 and wrote 78 on the side. When people question, I'll just tell them it was initially listed at 116500, an arbitraty number, and since I needed to get attention, I dropped it. That will inform those thinking that the initial price was 116,500.
   
  I had 3 people demanding the address right now, they would be out of town over the weekend. I told them no, that would not be fair to anyone else, everyone wanted the address when they called, and everyone is okay with waiting till Friday. I KNOW there will be two people sitting at the intersection I gave, so they can drive to it when I call them tonight.
   
  I know others will be using the computer to view it and more (city) info. 
  One woman called from out of state. I sent her the info, she may call with a bid. She won't be here until next week. 
   
  My stomach is in knots, but I feel okay with this. 
  I had a water line break, found out about it Monday, found it Tues, had it repaired Wed. Yard clean up and a few touch ups Yhurs, today spit polish, and rest. 
   
  All prayers and good thoughts welcomed!
  JCrafor



------------------------------------------------------------------------------
  Windows Live?: Keep your life in sync. See how it works. 


------------------------------------------------------------------------------


  _______________________________________________
  5-DayForum mailing list
  5-DayForum at mailman.howtosellyourhomein5days.com
  http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From patricialone at hotmail.com  Sat Jan 10 12:27:04 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Sat, 10 Jan 2009 12:27:04 -0500
Subject: [5-DayForum] One person doing it all...
In-Reply-To: <2D4DD3E0922F4857B613DE577D29133E@rosemarifv6onv>
References: <BLU141-W393393F172E5144A7064ADD2DD0@phx.gbl>
	<2D4DD3E0922F4857B613DE577D29133E@rosemarifv6onv>
Message-ID: <BLU141-W25CCF26696F6E80F37678BD2DA0@phx.gbl>


Come on over!!  CHARLOTTE IS only THIRTY MINUTES from me!  Except and although... my best guestimate is that you meant Charlotte, "North Carolina," and not Charlotte, "MICHIGAN"...  Thanks for the thought, when the time draws closer, I will do that if I haven't found anyone I already know.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

From: rosemarie-fred at mindspring.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Fri, 9 Jan 2009 13:41:57 -0500Subject: Re: [5-DayForum] One person doing it all...


Here's an idea for you. Back when Bill had us all organized, we would post our location as part of the subject line. Why don't you go back in the archives and see if you can find someone who has done this, or at least been part of the forum in the past? They may be willing to help out. If you were in Charlotte, I would help you! That way someone who is familiar with the process can be on the scene.
Good luck!
Rosemarie - occasional seller, investor, student of the 5-day sale!

----- Original Message ----- 
From: Patricia Lone 
To: 5-Day Forum 
Sent: Thursday, January 08, 2009 7:48 PM
Subject: [5-DayForum] One person doing it all...

Hi all... me again.  I am not quite through reading the book yet, but I have read enough to know that Bill suggests having multiple people involved in the process.  I am not able to have others that would be willing or able to assist me in this process.  (I expect the houses will not bring in enough cash to afford paying others for their assistance, which puts me back to square one since I have no family or relatives to help.)How can this be done with only one person doing it all?  (I was a real estate agent for 1-and-a-half years, and I also have a legal assistant degree for whatever extent those two things would apply.)Patricia  Michigan, Conservator/Landlord/Seller



_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From patricialone at hotmail.com  Sat Jan 10 12:33:01 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Sat, 10 Jan 2009 12:33:01 -0500
Subject: [5-DayForum] One person doing it all...
In-Reply-To: <689401.39744.qm@web53204.mail.re2.yahoo.com>
References: <BLU141-W393393F172E5144A7064ADD2DD0@phx.gbl>
	<2D4DD3E0922F4857B613DE577D29133E@rosemarifv6onv> 
	<689401.39744.qm@web53204.mail.re2.yahoo.com>
Message-ID: <BLU141-W12F4A13BCCC9BA4F539F60D2DA0@phx.gbl>


Hi there Dac... I am in Battle Creek, about 2 hours from you (give or take).  One house would be about 1-1/2 hours from you.  There is 5 or 6 properties I would like to sell.  Right now I do not have any real plans in place for dates and times, just plans in the making right now.  Thinking probably sometime in February I will start this.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Date: Fri, 9 Jan 2009 14:16:48 -0800From: damian_colden at yahoo.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] One person doing it all...


Patricia - Where are you located in MI? What weekend are you planning your sale?
 Dac ColdenRealtorGrand Blanc, MI




From: rosemarie-fred <rosemarie-fred at mindspring.com>To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>Sent: Friday, January 9, 2009 1:41:57 PMSubject: Re: [5-DayForum] One person doing it all...


Here's an idea for you. Back when Bill had us all organized, we would post our location as part of the subject line. Why don't you go back in the archives and see if you can find someone who has done this, or at least been part of the forum in the past? They may be willing to help out. If you were in Charlotte, I would help you! That way someone who is familiar with the process can be on the scene.
Good luck!
Rosemarie - occasional seller, investor, student of the 5-day sale!

----- Original Message ----- 
From: Patricia Lone 
To: 5-Day Forum 
Sent: Thursday, January 08, 2009 7:48 PM
Subject: [5-DayForum] One person doing it all...

Hi all... me again.  I am not quite through reading the book yet, but I have read enough to know that Bill suggests having multiple people involved in the process.  I am not able to have others that would be willing or able to assist me in this process.  (I expect the houses will not bring in enough cash to afford paying others for their assistance, which puts me back to square one since I have no family or relatives to help.)How can this be done with only one person doing it all?  (I was a real estate agent for 1-and-a-half years, and I also have a legal assistant degree for whatever extent those two things would apply.)Patricia  Michigan, Conservator/Landlord/Seller



_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From tgarter at comcast.net  Sat Jan 10 12:48:30 2009
From: tgarter at comcast.net (tgarter at comcast.net)
Date: Sat, 10 Jan 2009 17:48:30 +0000 (UTC)
Subject: [5-DayForum] One person doing it all...
In-Reply-To: <BLU141-W12F4A13BCCC9BA4F539F60D2DA0@phx.gbl>
Message-ID: <948603190.2724941231609710520.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>

Patricia, 
Let me know where your properties are located and when you plan to sell them. If I can fit it in my schedule, I would be willing to help you with the open house. Where is the one house that is 1 1/2 hour from me. I'm not going to be a buyer, so you could give me the address. I will mapquest it to determine time and distance. My wife and I plan to do a 5 day sale in May and I am interested in helping you just for the experience. 
Tom Garter 
----- Original Message ----- 
From: "Patricia Lone" <patricialone at hotmail.com> 
To: "5-Day Forum" <5-dayforum at mailman.howtosellyourhomein5days.com> 
Sent: Saturday, January 10, 2009 12:33:01 PM GMT -05:00 US/Canada Eastern 
Subject: Re: [5-DayForum] One person doing it all... 



Hi there Dac... I am in Battle Creek, about 2 hours from you (give or take). One house would be about 1-1/2 hours from you. There is 5 or 6 properties I would like to sell. Right now I do not have any real plans in place for dates and times, just plans in the making right now. Thinking probably sometime in February I will start this. 

Patricia 
Michigan, Conservator/Landlord/Seller 

"If you need help, ask God; If you don't, thank God." 

Date: Fri, 9 Jan 2009 14:16:48 -0800 
From: damian_colden at yahoo.com 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Subject: Re: [5-DayForum] One person doing it all... 


Patricia - 

Where are you located in MI? What weekend are you planning your sale? 

Dac Colden 
Realtor 
Grand Blanc, MI 






From: rosemarie-fred <rosemarie-fred at mindspring.com> 
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com> 
Sent: Friday, January 9, 2009 1:41:57 PM 
Subject: Re: [5-DayForum] One person doing it all... 


Here's an idea for you. Back when Bill had us all organized, we would post our location as part of the subject line. Why don't you go back in the archives and see if you can find someone who has done this, or at least been part of the forum in the past? They may be willing to help out. If you were in Charlotte, I would help you! That way someone who is familiar with the process can be on the scene. 
Good luck! 
Rosemarie - occasional seller, investor, student of the 5-day sale! 


----- Original Message ----- 
From: Patricia Lone 
To: 5-Day Forum 
Sent: Thursday, January 08, 2009 7:48 PM 
Subject: [5-DayForum] One person doing it all... 



Hi all... me again. I am not quite through reading the book yet, but I have read enough to know that Bill suggests having multiple people involved in the process. I am not able to have others that would be willing or able to assist me in this process. (I expect the houses will not bring in enough cash to afford paying others for their assistance, which puts me back to square one since I have no family or relatives to help.) 

How can this be done with only one person doing it all? (I was a real estate agent for 1-and-a-half years, and I also have a legal assistant degree for whatever extent those two things would apply.) 

Patricia 
Michigan, Conservator/Landlord/Seller 




_______________________________________________ 
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 patricialone at hotmail.com  Sat Jan 10 13:18:28 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Sat, 10 Jan 2009 13:18:28 -0500
Subject: [5-DayForum] One person doing it all...
In-Reply-To: <948603190.2724941231609710520.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
References: <BLU141-W12F4A13BCCC9BA4F539F60D2DA0@phx.gbl>
	<948603190.2724941231609710520.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
Message-ID: <BLU141-W42612B301BF590BA40B4D9D2DA0@phx.gbl>


Hi Tom... when the time draws nearer, I will contact you.  Have you got a phone number I could reach you at?  Please e-mail that to me at PatriciaLone at hotmail.com.I will say right now that the house is located in Woodland, MI.  Just today I got a phone call from the tenants down the street that a few of the house' windows were broken out.  One broken from the outside, the other "upstairs" window broken out from "inside" the house.  (Things just keep getting better here in Michigan. )I would like to get this house sold soon.  I think this might be the first one I do.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Date: Sat, 10 Jan 2009 17:48:30 +0000From: tgarter at comcast.netTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] One person doing it all...


Patricia,Let me know where your properties are located and when you plan to sell them.  If I can fit it in my schedule, I would be willing to help you with the open house.  Where is the one house that is 1 1/2 hour from me.  I'm not going to be a buyer, so you could give me the address.  I will mapquest it to determine time and distance.  My wife and I plan to do a 5 day sale in May and I am interested in helping you just for the experience.Tom Garter----- Original Message -----From: "Patricia Lone" <patricialone at hotmail.com>To: "5-Day Forum" <5-dayforum at mailman.howtosellyourhomein5days.com>Sent: Saturday, January 10, 2009 12:33:01 PM GMT -05:00 US/Canada EasternSubject: Re: [5-DayForum] One person doing it all...


Hi there Dac... I am in Battle Creek, about 2 hours from you (give or take).  One house would be about 1-1/2 hours from you.  There is 5 or 6 properties I would like to sell.  Right now I do not have any real plans in place for dates and times, just plans in the making right now.  Thinking probably sometime in February I will start this.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Date: Fri, 9 Jan 2009 14:16:48 -0800From: damian_colden at yahoo.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] One person doing it all...


Patricia - Where are you located in MI? What weekend are you planning your sale?
 Dac ColdenRealtorGrand Blanc, MI




From: rosemarie-fred <rosemarie-fred at mindspring.com>To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>Sent: Friday, January 9, 2009 1:41:57 PMSubject: Re: [5-DayForum] One person doing it all...


Here's an idea for you. Back when Bill had us all organized, we would post our location as part of the subject line. Why don't you go back in the archives and see if you can find someone who has done this, or at least been part of the forum in the past? They may be willing to help out. If you were in Charlotte, I would help you! That way someone who is familiar with the process can be on the scene.
Good luck!
Rosemarie - occasional seller, investor, student of the 5-day sale!

----- Original Message ----- 
From: Patricia Lone 
To: 5-Day Forum 
Sent: Thursday, January 08, 2009 7:48 PM
Subject: [5-DayForum] One person doing it all...

Hi all... me again.  I am not quite through reading the book yet, but I have read enough to know that Bill suggests having multiple people involved in the process.  I am not able to have others that would be willing or able to assist me in this process.  (I expect the houses will not bring in enough cash to afford paying others for their assistance, which puts me back to square one since I have no family or relatives to help.)How can this be done with only one person doing it all?  (I was a real estate agent for 1-and-a-half years, and I also have a legal assistant degree for whatever extent those two things would apply.)Patricia  Michigan, Conservator/Landlord/Seller

_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://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 jcrafor at hotmail.com  Sat Jan 10 20:37:31 2009
From: jcrafor at hotmail.com (j crafor)
Date: Sun, 11 Jan 2009 01:37:31 +0000
Subject: [5-DayForum] One person doing it all...
In-Reply-To: <2D4DD3E0922F4857B613DE577D29133E@rosemarifv6onv>
References: <BLU141-W393393F172E5144A7064ADD2DD0@phx.gbl>
	<2D4DD3E0922F4857B613DE577D29133E@rosemarifv6onv>
Message-ID: <BAY135-W550D198FAFD23E395E693AAEDB0@phx.gbl>




 

HERE"S a reason to NOT do it alone: 
On Monday I got this email:
 
Seattlebest20.. at aol.com        bad credit ok
 I responded eith my form letter and a file of the quick and detailed descriptions.
 
On Friday, last night, I sent the driving directions and the address to everyone.
 
The following was in my email today, from the same fellow.  I don't think he was there today, I don't know if he'll show up sunday. I'm glad I have company with me. That's a little creepy...
 
why r u single available or do i know u?
 
In a message dated 1/9/2009 3:37:25 P.M. Pacific Standard Time, jcrafor at hotmail.com writes:
 
Thank you for your response to my home for sale ad. I hope to meet you this weekend.
J
 
----- Original Message ----- 
From: Patricia Lone 
To: 5-Day Forum 
Sent: Thursday, January 08, 2009 7:48 PM
Subject: [5-DayForum] One person doing it all...

Hi all... me again.  I am not quite through reading the book yet, but I have read enough to know that Bill suggests having multiple people involved in the process.  I am not able to have others that would be willing or able to assist me in this process.  (I expect the houses will not bring in enough cash to afford paying others for their assistance, which puts me back to square one since I have no family or relatives to help.)How can this be done with only one person doing it all?  (I was a real estate agent for 1-and-a-half years, and I also have a legal assistant degree for whatever extent those two things would apply.)Patricia  Michigan, Conservator/Landlord/Seller



_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
_________________________________________________________________
Windows Live?: Keep your life in sync. 
http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t1_allup_howitworks_012009
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From jcrafor at hotmail.com  Sat Jan 10 21:15:41 2009
From: jcrafor at hotmail.com (j crafor)
Date: Sun, 11 Jan 2009 02:15:41 +0000
Subject: [5-DayForum] Sale Diary Tucson day 4
In-Reply-To: <BAY135-W550D198FAFD23E395E693AAEDB0@phx.gbl>
References: <BLU141-W393393F172E5144A7064ADD2DD0@phx.gbl>
	<2D4DD3E0922F4857B613DE577D29133E@rosemarifv6onv> 
	<BAY135-W550D198FAFD23E395E693AAEDB0@phx.gbl>
Message-ID: <BAY135-W156F145C8E04846F86625AEDB0@phx.gbl>


I received about 32 emails and 12 phone calls. We did today's sale.
There were about 9 groups that came through. I have 5 bids, and hope a lot more people come tomorrow.
Bids range from $1.00 to 79K, including one for 78,500, the lower of the two advertised prices. So bids are already over the lowest price. THAT's A GOOD SIGN! LOL!
 
I believe there was an investor who left without leaving a bid, there was a young woman who was going to bring her husband back after work-they didn't come, maybe they'll be there tomorrow, and another young woman who also did not leave a bid. I don't know if she'll come back or not.
One group stayed for a longer time than the others, inspected singly and in pairs, inside and out, then disappeared. After a while I thought they left, and went out to see if I could see them. I didn't. A few minutes later, they came back with more questions. I had explained the bid process to them. The one man didn't quite understand it, so I explained again, slightly different words. He got it, and his sister said, "You could be up all night!" We all laughed, and someone suggested a big pot of coffee. They've been looking for a long time, even going to auctions. They said this is nicer than any of the other auction houses they've seen, and I said "Thank you!"
 
 
One man and woman asked how much I owe on it. I told tham that was irrelevant, and was not going to tell them.  They tried to talk me into telling them how much I owe, they'd take over the loan, and proceeded to tell me how that would work.
I just kept saying, "Really!"   and  "I'll have to look into that." and "Interesting." They didn't leave a bid, either.
 
The house was staged very nicely. There were greens in 4 places, a vase of fresh flowers, and a bowl of fruit on the kitchen shelf. There was an umbrella'd patio table with bright plastic place settings on the far side of the yard and a couple of chairs and a camp table near the kitchen door, in the shade.
 
I'm very glad I went to the work of staging. It made a HUGE difference in MY confidence level, and the appearance of the house. The one major and very obvious problem with the house is the condensation in windows, and only one person was not happy at all with that. A couple asked about them and were satisfied with my explanation.
 
Several people looked at the inspection book and summary sheet.
I'm glad I had helpers, and they'll be back tomorrow, too. 
 
Everybody that came was just   N I C E  . It was a pleasant day, and I'm tired. 
 
 
JCrafor
 
_________________________________________________________________
Windows Live? Hotmail?: Chat. Store. Share. Do more with mail. 
http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t1_hm_justgotbetter_howitworks_012009
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From patricialone at hotmail.com  Sat Jan 10 21:18:00 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Sat, 10 Jan 2009 21:18:00 -0500
Subject: [5-DayForum] One person doing it all...
In-Reply-To: <BAY135-W550D198FAFD23E395E693AAEDB0@phx.gbl>
References: <BLU141-W393393F172E5144A7064ADD2DD0@phx.gbl>
	<2D4DD3E0922F4857B613DE577D29133E@rosemarifv6onv> 
	<BAY135-W550D198FAFD23E395E693AAEDB0@phx.gbl>
Message-ID: <BLU141-W20DD6E736583D1314D6CC7D2DB0@phx.gbl>


I don't get it.  I would just respond, "No I am no single, and I am not available, that is not what this is about.  This is a business transaction, and it will proceed to be a business transaction.  If you are interested in purchasing the house, be there Sunday, otherwise, please do not bother me again."  (At least that is how I would respond if I interpreted your message correctly.)Most people online have a lot of kicks they like to have fun with.  People who do this sort of thing are doing it just for kicks.  It's their way of having fun.  Stupid I know, but it's what they understand.  I believe you only need to lay it on the line to them and once they discover their kicks will not get met, they move on.  No biggie from where I see things.  (I'd be cautious, but c'mon, I think I'd be more likely to relax first... well, of course, you also need to take into consideration the location as well, which of course in this circumstance, you know better than I.)  Nonetheless, I would keep my cell phone always very close and never ever go into the upstairs of the house, or the basement, and do not let yourself get cornered.  Those are the dangerous areas.  If they try to provoke you to go into one of those areas, I say manage a way to get whatever papers you still might want to give them and make a move for the front porch and stay out there finishing up your work with them until they are gone, or someone new comes in (and yes, be cautious here too making sure that these two do not know each other).Granted, if I can, I will not do this alone, but I am a pretty brave woman, and being a realtor for a time, I was always showing houses alone.  I do not see cause for alarm in hokie e-mails I get.  Some situations do cause one to be fast-thinking on their feet.  Be cautious yes, however, it's probably just a hoax, or the guy might have been drunk when he responded to your e-mail, forgetting all about the business transaction he had going on... or a drunken stupor overtook him.  It's amazing the contractor stories I have now.  lol  Can't believe what some people will pull or do to "get their kicks."Anyway, thanks for your message and your concern.  I do appreciate the thought.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

From: jcrafor at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Sun, 11 Jan 2009 01:37:31 +0000Subject: Re: [5-DayForum] One person doing it all...




 

HERE"S a reason to NOT do it alone: 
On Monday I got this email:
 
Seattlebest20.. at aol.com        bad credit ok
 I responded eith my form letter and a file of the quick and detailed descriptions.
 
On Friday, last night, I sent the driving directions and the address to everyone.
 
The following was in my email today, from the same fellow.  I don't think he was there today, I don't know if he'll show up sunday. I'm glad I have company with me. That's a little creepy...
 
why r u single available or do i know u?
 
In a message dated 1/9/2009 3:37:25 P.M. Pacific Standard Time, jcrafor at hotmail.com writes:
 
Thank you for your response to my home for sale ad. I hope to meet you this weekend.
J
 
----- Original Message ----- 
From: Patricia Lone 
To: 5-Day Forum 
Sent: Thursday, January 08, 2009 7:48 PM
Subject: [5-DayForum] One person doing it all...

Hi all... me again.  I am not quite through reading the book yet, but I have read enough to know that Bill suggests having multiple people involved in the process.  I am not able to have others that would be willing or able to assist me in this process.  (I expect the houses will not bring in enough cash to afford paying others for their assistance, which puts me back to square one since I have no family or relatives to help.)How can this be done with only one person doing it all?  (I was a real estate agent for 1-and-a-half years, and I also have a legal assistant degree for whatever extent those two things would apply.)Patricia  Michigan, Conservator/Landlord/Seller


_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

Windows Live?: Keep your life in sync. See how it works.
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From jcrafor at hotmail.com  Sat Jan 10 21:22:28 2009
From: jcrafor at hotmail.com (j crafor)
Date: Sun, 11 Jan 2009 02:22:28 +0000
Subject: [5-DayForum] One person doing it all...
In-Reply-To: <BLU141-W20DD6E736583D1314D6CC7D2DB0@phx.gbl>
References: <BLU141-W393393F172E5144A7064ADD2DD0@phx.gbl>
	<2D4DD3E0922F4857B613DE577D29133E@rosemarifv6onv> 
	<BAY135-W550D198FAFD23E395E693AAEDB0@phx.gbl> 
	<BLU141-W20DD6E736583D1314D6CC7D2DB0@phx.gbl>
Message-ID: <BAY135-W523A86C421592A55CF32C0AEDB0@phx.gbl>


I decided he was probably, as you suggested, drunk, and was not going to respond to him. 
thanks.
JC



From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Sat, 10 Jan 2009 21:18:00 -0500Subject: Re: [5-DayForum] One person doing it all...


I don't get it.  I would just respond, "No I am no single, and I am not available, that is not what this is about.  This is a business transaction, and it will proceed to be a business transaction.  If you are interested in purchasing the house, be there Sunday, otherwise, please do not bother me again."  (At least that is how I would respond if I interpreted your message correctly.)Most people online have a lot of kicks they like to have fun with.  People who do this sort of thing are doing it just for kicks.  It's their way of having fun.  Stupid I know, but it's what they understand.  I believe you only need to lay it on the line to them and once they discover their kicks will not get met, they move on.  No biggie from where I see things.  (I'd be cautious, but c'mon, I think I'd be more likely to relax first... well, of course, you also need to take into consideration the location as well, which of course in this circumstance, you know better than I.)  Nonetheless, I would keep my cell phone always very close and never ever go into the upstairs of the house, or the basement, and do not let yourself get cornered.  Those are the dangerous areas.  If they try to provoke you to go into one of those areas, I say manage a way to get whatever papers you still might want to give them and make a move for the front porch and stay out there finishing up your work with them until they are gone, or someone new comes in (and yes, be cautious here too making sure that these two do not know each other).Granted, if I can, I will not do this alone, but I am a pretty brave woman, and being a realtor for a time, I was always showing houses alone.  I do not see cause for alarm in hokie e-mails I get.  Some situations do cause one to be fast-thinking on their feet.  Be cautious yes, however, it's probably just a hoax, or the guy might have been drunk when he responded to your e-mail, forgetting all about the business transaction he had going on... or a drunken stupor overtook him.  It's amazing the contractor stories I have now.  lol  Can't believe what some people will pull or do to "get their kicks."Anyway, thanks for your message and your concern.  I do appreciate the thought.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

From: jcrafor at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Sun, 11 Jan 2009 01:37:31 +0000Subject: Re: [5-DayForum] One person doing it all...




 

HERE"S a reason to NOT do it alone: 
On Monday I got this email:
 
Seattlebest20.. at aol.com        bad credit ok
 I responded eith my form letter and a file of the quick and detailed descriptions.
 
On Friday, last night, I sent the driving directions and the address to everyone.
 
The following was in my email today, from the same fellow.  I don't think he was there today, I don't know if he'll show up sunday. I'm glad I have company with me. That's a little creepy...
 
why r u single available or do i know u?
 
In a message dated 1/9/2009 3:37:25 P.M. Pacific Standard Time, jcrafor at hotmail.com writes:
 
Thank you for your response to my home for sale ad. I hope to meet you this weekend.
J
 
----- Original Message ----- 
From: Patricia Lone 
To: 5-Day Forum 
Sent: Thursday, January 08, 2009 7:48 PM
Subject: [5-DayForum] One person doing it all...

Hi all... me again.  I am not quite through reading the book yet, but I have read enough to know that Bill suggests having multiple people involved in the process.  I am not able to have others that would be willing or able to assist me in this process.  (I expect the houses will not bring in enough cash to afford paying others for their assistance, which puts me back to square one since I have no family or relatives to help.)How can this be done with only one person doing it all?  (I was a real estate agent for 1-and-a-half years, and I also have a legal assistant degree for whatever extent those two things would apply.)Patricia  Michigan, Conservator/Landlord/Seller

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From patricialone at hotmail.com  Sat Jan 10 21:25:40 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Sat, 10 Jan 2009 21:25:40 -0500
Subject: [5-DayForum] Sale Diary Tucson day 4
In-Reply-To: <BAY135-W156F145C8E04846F86625AEDB0@phx.gbl>
References: <BLU141-W393393F172E5144A7064ADD2DD0@phx.gbl>
	<2D4DD3E0922F4857B613DE577D29133E@rosemarifv6onv> 
	<BAY135-W550D198FAFD23E395E693AAEDB0@phx.gbl> 
	<BAY135-W156F145C8E04846F86625AEDB0@phx.gbl>
Message-ID: <BLU141-W25C372E27E440C62C8F1FFD2DB0@phx.gbl>


That's great JCrafor!  I am glad your day was so successful.  Wow... got the advertised price met already.  That is an eye opener.  Good luck and please keep letting us know how this progresses for you.  I enjoyed reading about your day.  Hopefully those who were there today wanted to sleep on it and will be back on the second day to add their name to the list.Patricia  Michigan, Conservator/Landlord/Seller

From: jcrafor at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Sun, 11 Jan 2009 02:15:41 +0000Subject: Re: [5-DayForum] Sale Diary Tucson day 4

I received about 32 emails and 12 phone calls. We did today's sale.There were about 9 groups that came through. I have 5 bids, and hope a lot more people come tomorrow.Bids range from $1.00 to 79K, including one for 78,500, the lower of the two advertised prices. So bids are already over the lowest price. THAT's A GOOD SIGN! LOL! I believe there was an investor who left without leaving a bid, there was a young woman who was going to bring her husband back after work-they didn't come, maybe they'll be there tomorrow, and another young woman who also did not leave a bid. I don't know if she'll come back or not.One group stayed for a longer time than the others, inspected singly and in pairs, inside and out, then disappeared. After a while I thought they left, and went out to see if I could see them. I didn't. A few minutes later, they came back with more questions. I had explained the bid process to them. The one man didn't quite understand it, so I explained again, slightly different words. He got it, and his sister said, "You could be up all night!" We all laughed, and someone suggested a big pot of coffee. They've been looking for a long time, even going to auctions. They said this is nicer than any of the other auction houses they've seen, and I said "Thank you!" One man and woman asked how much I owe on it. I told tham that was irrelevant, and was not going to tell them.  They tried to talk me into telling them how much I owe, they'd take over the loan, and proceeded to tell me how that would work.I just kept saying, "Really!"   and  "I'll have to look into that." and "Interesting." They didn't leave a bid, either. The house was staged very nicely. There were greens in 4 places, a vase of fresh flowers, and a bowl of fruit on the kitchen shelf. There was an umbrella'd patio table with bright plastic place settings on the far side of the yard and a couple of chairs and a camp table near the kitchen door, in the shade. I'm very glad I went to the work of staging. It made a HUGE difference in MY confidence level, and the appearance of the house. The one major and very obvious problem with the house is the condensation in windows, and only one person was not happy at all with that. A couple asked about them and were satisfied with my explanation. Several people looked at the inspection book and summary sheet.I'm glad I had helpers, and they'll be back tomorrow, too.  Everybody that came was just   N I C E  . It was a pleasant day, and I'm tired.   JCrafor
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From jcrafor at hotmail.com  Mon Jan 12 01:16:05 2009
From: jcrafor at hotmail.com (j crafor)
Date: Mon, 12 Jan 2009 06:16:05 +0000
Subject: [5-DayForum] Sale Diary Tucson day 5
In-Reply-To: <BLU141-W25C372E27E440C62C8F1FFD2DB0@phx.gbl>
References: <BLU141-W393393F172E5144A7064ADD2DD0@phx.gbl>
	<2D4DD3E0922F4857B613DE577D29133E@rosemarifv6onv> 
	<BAY135-W550D198FAFD23E395E693AAEDB0@phx.gbl> 
	<BAY135-W156F145C8E04846F86625AEDB0@phx.gbl> 
	<BLU141-W25C372E27E440C62C8F1FFD2DB0@phx.gbl>
Message-ID: <BAY135-W30AA43115D98C028371C45AED80@phx.gbl>


Sale over.
14 bidders total, most dropped out the first RR call. I was surprised that so many did. Surely they didn't all think they would get it so cheaply... A few stayed in 3 rounds, then down to 3, then 2, bidding at $500 increments.
It ended with the high bid still 27K short of my reserve. 
So the house is not sold.
 
 
What would I do differently?
There was a house up the street I had been in. Not quite as nice, a little bigger, market priced at $165, I think, but on market for a LONG time, partly due to circumstances. I think I would have contacted the agent and discussed him holding an open house at the same time, just for comparison value. Maybe. In the distressed market, that may not have been a good move anyway.
I think, too, I would have trusted myself and left the ad price at 116,500, rather than dropping it. It may have gotten me enough closer to the reserve that I could have seriously considered it.
JCrafor
 
JCrafor
_________________________________________________________________
Windows Live?: Keep your life in sync.
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From bill at effros.com  Mon Jan 12 09:21:59 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 12 Jan 2009 09:21:59 -0500
Subject: [5-DayForum] Sale Diary Tucson day 5
In-Reply-To: <BAY135-W30AA43115D98C028371C45AED80@phx.gbl>
References: <BLU141-W393393F172E5144A7064ADD2DD0@phx.gbl>	<2D4DD3E0922F4857B613DE577D29133E@rosemarifv6onv>
	<BAY135-W550D198FAFD23E395E693AAEDB0@phx.gbl>
	<BAY135-W156F145C8E04846F86625AEDB0@phx.gbl>
	<BLU141-W25C372E27E440C62C8F1FFD2DB0@phx.gbl>
	<BAY135-W30AA43115D98C028371C45AED80@phx.gbl>
Message-ID: <496B5207.1050302@effros.com>

JCrafor,

You would have done better if you had followed the book more closely.

You should not have started at 116,500 on Craig's list 2 weeks before 
your sale date.

You should not have run your sale on a weekend when the Arizona NFL team 
was in a playoff game.

You should have started with a magic number:  $74,500.

The best bid you got is close to the current value of your home, but 
probably not at the high end due to the factors noted above.

If you are not prepared to take the best bid you can get, you should not 
run a 5-Day Sale.

Moving around the deck chairs on the Titanic is not going to float the ship.

People are in denial about what has happened to home values.  In this 
market, the sooner you sell, the more you get. 

"I'm not going to sell my GM stock until I can get what I paid for it!" 
-- Right!  That'll work.

Bill Effros



j crafor wrote:
> Sale over.
> 14 bidders total, most dropped out the first RR call. I was surprised 
> that so many did. Surely they didn't all think they would get it so 
> cheaply... A few stayed in 3 rounds, then down to 3, then 2, bidding 
> at $500 increments.
> It ended with the high bid still 27K short of my reserve.
> So the house is not sold.
>  
>  
> What would I do differently?
> There was a house up the street I had been in. Not quite as nice, a 
> little bigger, market priced at $165, I think, but on market for a 
> LONG time, partly due to circumstances. I think I would have contacted 
> the agent and discussed him holding an open house at the same time, 
> just for comparison value. Maybe. In the distressed market, that may 
> not have been a good move anyway.
>
> I think, too, I would have trusted myself and left the ad price at 
> 116,500, rather than dropping it. It may have gotten me enough closer 
> to the reserve that I could have seriously considered it.
> JCrafor
>  
> JCrafor
>
> ------------------------------------------------------------------------
> Windows Live?: Keep your life in sync. Check it out. 
> <http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t1_allup_explore_012009> 
>
> ------------------------------------------------------------------------
>
> _______________________________________________
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> 5-DayForum at mailman.howtosellyourhomein5days.com
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From bill at effros.com  Mon Jan 12 10:05:18 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 12 Jan 2009 10:05:18 -0500
Subject: [5-DayForum] Foreclosure
Message-ID: <496B5C2E.30505@effros.com>

It would be nice if anyone knows how to stop all the nonsense about 
"saving people from foreclosure".

The faster banks foreclose, the better off we will all be.

We are talking about houses that should never have been built, in places 
people don't want to live, sold for more than they were ever worth, 
owned by people who can't afford the taxes, or the interest on their 
mortgages, not to mention the fact that they can't possibly ever pay 
back the principal.

Let's say the government reduces the principal amount by 50%.  Are the 
taxes also reduced by 50%?

And what happens to the next door neighbor's identical house?  Are those 
taxes also reduced by 50%?

If your next door neighbor is "saved" from foreclosure by reducing the 
principal, your house is instantly worth the exact same percentage 
less.  Only nobody is planning to compensate you for your loss, and your 
town can't take in less revenue than it budgeted.  So you will have to 
pay more taxes, to make up for the taxes your neighbor can't afford to pay.

Then, the bank will foreclose your neighbor's home, anyhow, because your 
neighbors still will not be willing to pay taxes, interest, insurance, 
maintenance, and principal that exceed the amount for which they can 
rent an identical home.

When banks foreclose, they still have to pay the taxes.  Many of the 
foreclosed homes will never be lived in again--many will be 
bulldozed--if this happens the value of the remaining homes will not be 
destroyed.

The banks created this problem, and they have already been bailed out.  
Let them foreclose on the homes nobody wants so the remaining homes have 
a chance of retaining enough value to avoid foreclosure.  People living 
in foreclosed homes will be able to rent identical homes for a fraction 
of the cost of owning them.

Bill Effros, Author











From flyingnutjob at gmail.com  Mon Jan 12 10:10:01 2009
From: flyingnutjob at gmail.com (Dutch Revenboer)
Date: Mon, 12 Jan 2009 09:10:01 -0600
Subject: [5-DayForum]  Sale Results Oklahoma City
Message-ID: <d2b697900901120710q441bdb9ah7f29b275cb820115@mail.gmail.com>

I ran a pretty much traditional 5-Day sale this weekend in Oklahoma City,
and followed the book fairly closely.  Ad in the major newspaper, and on
Craigslist.  Also posted on www.Postlets.com which posts to about 10 other
real estate sites.  As the Realtor, not the FSBO, I also sent an e-flyer to
about 3400 Realtors in the OKC metro area.  House had been on the market for
as high as 169K, currently listed in MLS at 159999.  Ran the ad at $79500
OBO

You can see my Craigslist posting at
http://oklahomacity.craigslist.org/reb/984732746.html

and my postlets.com at
http://www.postlets.com/res/1648025

All phone calls went to my RingCentral message service 405-445-7215, and
then I called them back as quickly as possible to give them the address and
details on the property.

Wed  13 calls/emails from Realtors, 4 from Buyers, 2 hangups
Thu    3 calls/emails from Realtors, 0 from Buyers
Fri     0 calls/emails from Realtors, 1 from Buyers

21 responses, not counting the 2 hangups.  We were committed to the open
house anyway.

Sat     0 calls/emails from Realtors, 4 from Buyers
Sun    0 calls/emails from Realtors, 2 from Buyers, 1 hangup

In addtion, we had traditional Realtor Open House signes, and that drove
addtional traffic on Sat/Sun.  There was another Realtor Open House down the
street, so we got traffic from that as well.

5 total bids, 2 were people that just thought if fun to write something
down, and we couldn't contact them Sunday night.  One called prior to the
sale and said it was for her son and he wasn't ready to buy and withdrew her
bid.  That left 2.  Unfortunately, one was an investor looking for a "steal"
and I'm not sure why the other was involved.  High intial bid was $80,500
from the investor.  It went 6 rounds going up 500 or 1000 and I'm thinking,
"this is going to be a long night".  But the 2nd guy dropped leaving the
investor high bidder at 99,500.  I called my client knowing that $99,500 was
not acceptable, this was a fix 'n flip rehab, and they had WAY much more in
it than that.  I called the investor and explained that the bid was
unacceptable, he understood, and the sale was over.

Here is my take on the deal.  We did not get the 25 responses by Friday
night.  I'm not convinced that 4 more would have made the difference, but it
did not meet Bill's criteria.

Why did we not get the response?  I believe that the buyers in today's
Oklahoma City market are few and far between, and in their spider-holes.  We
currently have about an 11 month supply of homes on the MLS, plus all the
FSBO.  While OKC is weathering this economic situation better than most
areas of the country, the nightly news and newspapers and other media
continue to paint a bleak picture for the entire country.  This has
developed an atmosphere of fear amongst home buyers.

The buyers that ARE out there are investors and bottom feeders, and they
KNOW the deals are there and they CAN buy properties for huge discounts.
Getting average or top dollar on a retail property today can be done, but it
is tough.

In a normal market, this price for this property should have driven 50 calls
or more.  The 2 buyers that we did get were both looking for super steals
only, not serious "retail" buyers.

I still believe this system can work, but it's not the same old marketplace
that we were dealing with today, and not for sellers expecting top dollar.

The above is my opinion only, worth only the price you paid for it.  Hope
this helps you guys.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563


>
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From flyingnutjob at gmail.com  Mon Jan 12 10:24:58 2009
From: flyingnutjob at gmail.com (Dutch Revenboer)
Date: Mon, 12 Jan 2009 09:24:58 -0600
Subject: [5-DayForum] Foreclosure
In-Reply-To: <496B5C2E.30505@effros.com>
References: <496B5C2E.30505@effros.com>
Message-ID: <d2b697900901120724u340216f5xb145466f2a914acf@mail.gmail.com>

Bill,

To some degree, I agree.  Yet on another level, there is an extreme penalty
to the innocent for letting this happen.  If 20 properties in my
neighborhood all go back to the bank, and then come back on the market, that
depresses the entire market, including the value of my home.  Supply and
demand, add blight on the unoccupied, vandalized properties, and I get to
pay the price for all the corruption, graft and ineptitude of everyone
involved, including the Fed Govt for not only allowing but encouraging the
housing bubble to happen.

We as a nation allowed our govt and regulators to look the other way.  I
believe we all have to pay the price.  We can spread the pain to all, since
we are all guilty, or each individual can say, "It wasn't me, make the OTHER
guy pay, but not me, not my neighborhood".

I do a LOT loss mitigation, loan modifications and short sales.  There are
lots of sad tales out there.  Many are the result of just poor money
management and greed and stupidity.  But I see cases of mortgage fraud and
downright illegal activities on the part of realtors, appraisers,
underwriters, mortgage brokers and bankers and now the servicers every day.
Many of these people were lied too and deceived by these people, all in the
name of the almighty dollar.  Do we just walk away from these folks?  Most
of these foreclosures are NOT investor properties, but first time home
owners and those that bought into the dream and moved up on lies and empty
promises.

I don't have an easy solution, I don't think there is one.  But simply "make
the banks pay" is way too simplistic in today's world economy.  As someone
famous said, "you can't untangle spaghetti".  The consequences could be dire
to other, unkown sectors as we have already witnessed.

Just my 2 cents, which you received at a steep discount.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563




On Mon, Jan 12, 2009 at 9:05 AM, Bill Effros <bill at effros.com> wrote:

> It would be nice if anyone knows how to stop all the nonsense about
> "saving people from foreclosure".
>
> The faster banks foreclose, the better off we will all be.
>
> We are talking about houses that should never have been built, in places
> people don't want to live, sold for more than they were ever worth,
> owned by people who can't afford the taxes, or the interest on their
> mortgages, not to mention the fact that they can't possibly ever pay
> back the principal.
>
> Let's say the government reduces the principal amount by 50%.  Are the
> taxes also reduced by 50%?
>
> And what happens to the next door neighbor's identical house?  Are those
> taxes also reduced by 50%?
>
> If your next door neighbor is "saved" from foreclosure by reducing the
> principal, your house is instantly worth the exact same percentage
> less.  Only nobody is planning to compensate you for your loss, and your
> town can't take in less revenue than it budgeted.  So you will have to
> pay more taxes, to make up for the taxes your neighbor can't afford to pay.
>
> Then, the bank will foreclose your neighbor's home, anyhow, because your
> neighbors still will not be willing to pay taxes, interest, insurance,
> maintenance, and principal that exceed the amount for which they can
> rent an identical home.
>
> When banks foreclose, they still have to pay the taxes.  Many of the
> foreclosed homes will never be lived in again--many will be
> bulldozed--if this happens the value of the remaining homes will not be
> destroyed.
>
> The banks created this problem, and they have already been bailed out.
> Let them foreclose on the homes nobody wants so the remaining homes have
> a chance of retaining enough value to avoid foreclosure.  People living
> in foreclosed homes will be able to rent identical homes for a fraction
> of the cost of owning them.
>
> Bill Effros, Author
>
>
>
>
>
>
>
>
>
>
> _______________________________________________
> 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  Mon Jan 12 10:58:48 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 12 Jan 2009 10:58:48 -0500
Subject: [5-DayForum] Foreclosure
In-Reply-To: <d2b697900901120724u340216f5xb145466f2a914acf@mail.gmail.com>
References: <496B5C2E.30505@effros.com>
	<d2b697900901120724u340216f5xb145466f2a914acf@mail.gmail.com>
Message-ID: <496B68B8.5050208@effros.com>

Dutch,

The problem is that the foreclosure solution won't resolve the problem.

There isn't enough money in the world for everyone to get back 100% of 
what they thought their properties were worth before the bubble burst.

If there was fraud involved, lets go after the people who perpetrated 
frauds.

Foreclosure relief bails out banks, not individuals.  It won't change 
the number of people who are forced out of their homes--which they 
planned to move out of anyhow, because they always knew they could never 
repay the principal, or pay a reasonable rate of interest.

A very high percentage of people who purchased homes in the last 2 years 
before the bubble popped are going to lose the principal they put into 
their homes if they sell them any time in the near future.

Most also made a lot of money buying and selling homes during the time 
period that preceded--so it's a little like the Madoff victims:  They 
all talk about how they "lost" a lot of money, but few mention that most 
of those loses are based on Madoff fictitious earnings, and not from the 
principal they actually put in initially, much of which many of them 
have long since withdrawn from the scheme.

As someone else famous once said "Simply CUT the Gordian Knot!"

Bill Effros, Author  (Whose 2 cents is worth no more or less than 
yours--same discount.)

Dutch Revenboer wrote:
> Bill,
>
> To some degree, I agree.  Yet on another level, there is an extreme 
> penalty to the innocent for letting this happen.  If 20 properties in 
> my neighborhood all go back to the bank, and then come back on the 
> market, that depresses the entire market, including the value of my 
> home.  Supply and demand, add blight on the unoccupied, vandalized 
> properties, and I get to pay the price for all the corruption, graft 
> and ineptitude of everyone involved, including the Fed Govt for not 
> only allowing but encouraging the housing bubble to happen.
>
> We as a nation allowed our govt and regulators to look the other way.  
> I believe we all have to pay the price.  We can spread the pain to 
> all, since we are all guilty, or each individual can say, "It wasn't 
> me, make the OTHER guy pay, but not me, not my neighborhood".
>
> I do a LOT loss mitigation, loan modifications and short sales.  There 
> are lots of sad tales out there.  Many are the result of just poor 
> money management and greed and stupidity.  But I see cases of mortgage 
> fraud and downright illegal activities on the part of realtors, 
> appraisers, underwriters, mortgage brokers and bankers and now the 
> servicers every day.  Many of these people were lied too and deceived 
> by these people, all in the name of the almighty dollar.  Do we just 
> walk away from these folks?  Most of these foreclosures are NOT 
> investor properties, but first time home owners and those that bought 
> into the dream and moved up on lies and empty promises.
>
> I don't have an easy solution, I don't think there is one.  But simply 
> "make the banks pay" is way too simplistic in today's world economy.  
> As someone famous said, "you can't untangle spaghetti".  The 
> consequences could be dire to other, unkown sectors as we have already 
> witnessed.
>
> Just my 2 cents, which you received at a steep discount.
>
>
> Dutch Revenboer
>
> Broker Associate
> Metro Brokers of Oklahoma
> www.DreamHomesOKC.com <http://www.DreamHomesOKC.com>
> 405-590-6563
>
>
>
>
> On Mon, Jan 12, 2009 at 9:05 AM, Bill Effros <bill at effros.com 
> <mailto:bill at effros.com>> wrote:
>
>     It would be nice if anyone knows how to stop all the nonsense about
>     "saving people from foreclosure".
>
>     The faster banks foreclose, the better off we will all be.
>
>     We are talking about houses that should never have been built, in
>     places
>     people don't want to live, sold for more than they were ever worth,
>     owned by people who can't afford the taxes, or the interest on their
>     mortgages, not to mention the fact that they can't possibly ever pay
>     back the principal.
>
>     Let's say the government reduces the principal amount by 50%.  Are the
>     taxes also reduced by 50%?
>
>     And what happens to the next door neighbor's identical house?  Are
>     those
>     taxes also reduced by 50%?
>
>     If your next door neighbor is "saved" from foreclosure by reducing the
>     principal, your house is instantly worth the exact same percentage
>     less.  Only nobody is planning to compensate you for your loss,
>     and your
>     town can't take in less revenue than it budgeted.  So you will have to
>     pay more taxes, to make up for the taxes your neighbor can't
>     afford to pay.
>
>     Then, the bank will foreclose your neighbor's home, anyhow,
>     because your
>     neighbors still will not be willing to pay taxes, interest, insurance,
>     maintenance, and principal that exceed the amount for which they can
>     rent an identical home.
>
>     When banks foreclose, they still have to pay the taxes.  Many of the
>     foreclosed homes will never be lived in again--many will be
>     bulldozed--if this happens the value of the remaining homes will
>     not be
>     destroyed.
>
>     The banks created this problem, and they have already been bailed out.
>     Let them foreclose on the homes nobody wants so the remaining
>     homes have
>     a chance of retaining enough value to avoid foreclosure.  People
>     living
>     in foreclosed homes will be able to rent identical homes for a
>     fraction
>     of the cost of owning them.
>
>     Bill Effros, Author
>
>
>
>
>
>
>
>
>
>
>     _______________________________________________
>     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 loveandmoney05 at aol.com  Mon Jan 12 11:01:16 2009
From: loveandmoney05 at aol.com (loveandmoney05)
Date: Mon, 12 Jan 2009 11:01:16 -0500
Subject: [5-DayForum] Foreclosure
In-Reply-To: <d2b697900901120724u340216f5xb145466f2a914acf@mail.gmail.com>
References: <496B5C2E.30505@effros.com>,
	<d2b697900901120724u340216f5xb145466f2a914acf@mail.gmail.com>
Message-ID: <a8c14e18.449d.4647.a320.63cfa432681b@aol.com>

My 2 cents (I also negotiate short sales, provide loss mit and loan mod services as well as buy and sell distressed properties):
The overwhelming majority of those losing their homes to foreclosure are in the situation do the being somewhere on the spectrum of naive to just plain stupid... most being naive.  I have seen mortgage fraud and blatant deception on the part of the "professionals," as well but those cases are not common. 
I think the banks should do something that makes more sense than what they have been doing, but "write-downs" or court-orderes "cram-downs," do not seem to be a good solution.  If they reduce the rate to something reasonable (not ridiculously low) and/or switch to a 40 yr mortgage and that monthly payment (including taxes) is affordable (not 50% of income), then i think silly foreclosures would be prevented.  
For places that seen enormous numbers of f/c and bank repos due to investors, i don't know what the solution should be... but those areas are not the norm.
Danielle




In a message dated 01/12/09 10:25:54 Eastern Standard Time, flyingnutjob at gmail.com writes:
Bill,

To some degree, I agree.  Yet on another level, there is an extreme penalty to the innocent for letting this happen.  If 20 properties in my neighborhood all go back to the bank, and then come back on the market, that depresses the entire market, including the value of my home.  Supply and demand, add blight on the unoccupied, vandalized properties, and I get to pay the price for all the corruption, graft and ineptitude of everyone involved, including the Fed Govt for not only allowing but encouraging the housing bubble to happen.

We as a nation allowed our govt and regulators to look the other way.  I believe we all have to pay the price.  We can spread the pain to all, since we are all guilty, or each individual can say, "It wasn't me, make the OTHER guy pay, but not me, not my neighborhood".

I do a LOT loss mitigation, loan modifications and short sales.  There are lots of sad tales out there.  Many are the result of just poor money management and greed and stupidity.  But I see cases of mortgage fraud and downright illegal activities on the part of realtors, appraisers, underwriters, mortgage brokers and bankers and now the servicers every day.  Many of these people were lied too and deceived by these people, all in the name of the almighty dollar.  Do we just walk away from these folks?  Most of these foreclosures are NOT investor properties, but first time home owners and those that bought into the dream and moved up on lies and empty promises.

I don't have an easy solution, I don't think there is one.  But simply "make the banks pay" is way too simplistic in today's world economy.  As someone famous said, "you can't untangle spaghetti".  The consequences could be dire to other, unkown sectors as we have already witnessed.

Just my 2 cents, which you received at a steep discount.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563





On Mon, Jan 12, 2009 at 9:05 AM, Bill Effros <bill at effros.com> wrote:

It would be nice if anyone knows how to stop all the nonsense about
"saving people from foreclosure".

The faster banks foreclose, the better off we will all be.

We are talking about houses that should never have been built, in places
people don't want to live, sold for more than they were ever worth,
owned by people who can't afford the taxes, or the interest on their
mortgages, not to mention the fact that they can't possibly ever pay
back the principal.

Let's say the government reduces the principal amount by 50%.  Are the
taxes also reduced by 50%?

And what happens to the next door neighbor's identical house?  Are those
taxes also reduced by 50%?

If your next door neighbor is "saved" from foreclosure by reducing the
principal, your house is instantly worth the exact same percentage
less.  Only nobody is planning to compensate you for your loss, and your
town can't take in less revenue than it budgeted.  So you will have to
pay more taxes, to make up for the taxes your neighbor can't afford to pay.

Then, the bank will foreclose your neighbor's home, anyhow, because your
neighbors still will not be willing to pay taxes, interest, insurance,
maintenance, and principal that exceed the amount for which they can
rent an identical home.

When banks foreclose, they still have to pay the taxes.  Many of the
foreclosed homes will never be lived in again--many will be
bulldozed--if this happens the value of the remaining homes will not be
destroyed.

The banks created this problem, and they have already been bailed out.
Let them foreclose on the homes nobody wants so the remaining homes have
a chance of retaining enough value to avoid foreclosure.  People living
in foreclosed homes will be able to rent identical homes for a fraction
of the cost of owning them.

Bill Effros, Author










_______________________________________________
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  Mon Jan 12 12:04:01 2009
From: jcrafor at hotmail.com (j crafor)
Date: Mon, 12 Jan 2009 17:04:01 +0000
Subject: [5-DayForum] Sale Diary Tucson
In-Reply-To: <d2b697900901120710q441bdb9ah7f29b275cb820115@mail.gmail.com>
References: <d2b697900901120710q441bdb9ah7f29b275cb820115@mail.gmail.com>
Message-ID: <BAY135-W554A18CECAE19E56AEA3BEAED80@phx.gbl>


I fully agree with Dutch. 
With all due respect, I believe the 2 weeks before the sale date was appropriate, as it hit 2 Wednesdays and 2 weekends. MOST calls and emails came from that period, rather than just prior to the sale, but there were several calls and emails on Saturday and a few on Sunday. 
Most were people who by behavior and words could not afford more than the 78,500, and several that bid lower, and said on the way out that they didn?t think they could go any higher than their bid. They were there for that low price.
 
Several investors put down bids, a few more than the original 2-3 investor types that left without bidding.  Their initial bids were at 95 and below, and when it went over on the first round, they dropped off also, leaving 3 ?real buyers?. 
 
Of the 3, 2 responded to the $116,500 ad, and would have gone higher if I had not dropped it down. The third responded to the 78500. They were all interested in it for themselves to move into. 
 
There?s a huge glut here, as elsewhere. We have thousands of pre and foreclosures, shorts, and otherwise distressed/empty homes for sale.  That?s my competition. 
For the last 15 years the market has been up everyplace, so your method, as written, was highly successful. People were scrambling to buy houses. In 1993, when I bought my residence, my agent gave me, over the course of a few weeks, 5 contracts to buy. Before I could get them signed and back to her, she called and told me to tear them up, the places had been sold. Houses were being sold, via bidding wars, within hours of being on the mls. FSBO?s had similar situations: bidding wars and sales within days, if not hours. 
 
I think it can be used successfully, now, with a little tweaking. The present housing and money situation, the fear, must be taken into consideration. 
 
The investors dropped off when their ROI would be nil, and the others hoped to buy for about that 78,500.
I do not believe that ?The best bid you got is close to the current value of your home, but probably not at the high end due to the factors noted above.?
The best bid I did get was from a man who has huge medical problems and simply can?t afford more. The one below that was from a man who did want a super steal, and was hoping to luck onto one. He?s been going to auctions and house hunting for over 3 years, fingers and toes all crossed. 
 
I was, and still am, willing to take less than market, but not 50% less, not even 15% less. I closed that sale.  Actually, I had thought of running it again in a few weeks. I am doing some work on it, and we?ll see. For now, I will list it again, this time at market value, on Craigslist, and after the work is completed, if not sold by then, maybe do another modified 5- Day sale.
 
You say we should follow the book closely. I believe that, with the exception that the current economic conditions must be considered.  
It was YOU who turned home marketing upside down by tossing out ALL the rules, making FSBO possible for thousands of people-including me. It is YOU who have revised your own book several times, and are now in the process of revising it for a fourth edition. You are planning to take, AFAIK, all the new technology and economic/housing/jobs situations into account on what you advise. I would bet that you are closely watching the forum NOW, as well as reading this last years archives to help you determine better strategies in this market. 
 
I am grateful for you, for your book, for all of this. I may do it again on this house, and in a few months, do it on my residence. and I will probably be buying your new edition. JCrafor

Date: Mon, 12 Jan 2009 09:10:01 -0600From: flyingnutjob at gmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] Sale Results Oklahoma CityI ran a pretty much traditional 5-Day sale this weekend in Oklahoma City, and followed the book fairly closely.  Ad in the major newspaper, and on Craigslist.  Also posted on www.Postlets.com which posts to about 10 other real estate sites.  As the Realtor, not the FSBO, I also sent an e-flyer to about 3400 Realtors in the OKC metro area.  House had been on the market for as high as 169K, currently listed in MLS at 159999.  Ran the ad at $79500 OBOYou can see my Craigslist posting at http://oklahomacity.craigslist.org/reb/984732746.htmland my postlets.com athttp://www.postlets.com/res/1648025All phone calls went to my RingCentral message service 405-445-7215, and then I called them back as quickly as possible to give them the address and details on the property.Wed  13 calls/emails from Realtors, 4 from Buyers, 2 hangupsThu    3 calls/emails from Realtors, 0 from BuyersFri     0 calls/emails from Realtors, 1 from Buyers21 responses, not counting the 2 hangups.  We were committed to the open house anyway.Sat     0 calls/emails from Realtors, 4 from BuyersSun    0 calls/emails from Realtors, 2 from Buyers, 1 hangupIn addtion, we had traditional Realtor Open House signes, and that drove addtional traffic on Sat/Sun.  There was another Realtor Open House down the street, so we got traffic from that as well.5 total bids, 2 were people that just thought if fun to write something down, and we couldn't contact them Sunday night.  One called prior to the sale and said it was for her son and he wasn't ready to buy and withdrew her bid.  That left 2.  Unfortunately, one was an investor looking for a "steal" and I'm not sure why the other was involved.  High intial bid was $80,500 from the investor.  It went 6 rounds going up 500 or 1000 and I'm thinking, "this is going to be a long night".  But the 2nd guy dropped leaving the investor high bidder at 99,500.  I called my client knowing that $99,500 was not acceptable, this was a fix 'n flip rehab, and they had WAY much more in it than that.  I called the investor and explained that the bid was unacceptable, he understood, and the sale was over.Here is my take on the deal.  We did not get the 25 responses by Friday night.  I'm not convinced that 4 more would have made the difference, but it did not meet Bill's criteria.  Why did we not get the response?  I believe that the buyers in today's Oklahoma City market are few and far between, and in their spider-holes.  We currently have about an 11 month supply of homes on the MLS, plus all the FSBO.  While OKC is weathering this economic situation better than most areas of the country, the nightly news and newspapers and other media continue to paint a bleak picture for the entire country.  This has developed an atmosphere of fear amongst home buyers.The buyers that ARE out there are investors and bottom feeders, and they KNOW the deals are there and they CAN buy properties for huge discounts.  Getting average or top dollar on a retail property today can be done, but it is tough.In a normal market, this price for this property should have driven 50 calls or more.  The 2 buyers that we did get were both looking for super steals only, not serious "retail" buyers.  I still believe this system can work, but it's not the same old marketplace that we were dealing with today, and not for sellers expecting top dollar. The above is my opinion only, worth only the price you paid for it.  Hope this helps you guys.Dutch RevenboerBroker AssociateMetro Brokers of Oklahomawww.DreamHomesOKC.com405-590-6563


_________________________________________________________________
Windows Live? Hotmail?: Chat. Store. Share. Do more with mail. 
http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t1_hm_justgotbetter_explore_012009
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From rcutcher at austin.rr.com  Mon Jan 12 12:42:39 2009
From: rcutcher at austin.rr.com (RC Cutcher)
Date: Mon, 12 Jan 2009 11:42:39 -0600
Subject: [5-DayForum] Sale Results Oklahoma City
References: <d2b697900901120710q441bdb9ah7f29b275cb820115@mail.gmail.com>
Message-ID: <00a101c974dd$2a7b5510$0201a8c0@RCCutcher>

Hi Dutch,
As a Realtor, I know that you probably have at least one more good rabbit up your sleeve. Here is mine.  I'm not sure if the Option Fee works in Oklahoma, but in Texas we have about 7-10 days before all the parties get really serious and start drawing blood on an accepted offer. 

 Try this:

Run the Pendings in your immediate subject property area for those properties that have gone Pending in the last few several days.  Then go preview them.  In the Realtor business card box, you will find the business cards, and there is a good chance you will find the Buyer's Agent who put the competive property close to yours under contract.  

Call him/her, the Buyer's agent.

 Ask if they saw your property.  You may find out that they felt stampeded in some way when considering your deal, and they actually would have bought your property if they felt that they would not have to compete in a bid.  Many times they are having cold feet while in the Option Period, and buyers LOVE, absolutely love to look at another possible purchase during their Option Period.

I have used this method and it has worked for me.  

Good luck!

RC Cutcher
Austin Texas Homes, LLC
Real Estate Stylist
www.austintexashomes.com
512-848-4449
  ----- Original Message ----- 
  From: Dutch Revenboer 
  To: How To Sell Your Home in 5-Days 
  Sent: Monday, January 12, 2009 9:10 AM
  Subject: [5-DayForum] Sale Results Oklahoma City


  I ran a pretty much traditional 5-Day sale this weekend in Oklahoma City, and followed the book fairly closely.  Ad in the major newspaper, and on Craigslist.  Also posted on www.Postlets.com which posts to about 10 other real estate sites.  As the Realtor, not the FSBO, I also sent an e-flyer to about 3400 Realtors in the OKC metro area.  House had been on the market for as high as 169K, currently listed in MLS at 159999.  Ran the ad at $79500 OBO

  You can see my Craigslist posting at 
  http://oklahomacity.craigslist.org/reb/984732746.html

  and my postlets.com at
  http://www.postlets.com/res/1648025

  All phone calls went to my RingCentral message service 405-445-7215, and then I called them back as quickly as possible to give them the address and details on the property.

  Wed  13 calls/emails from Realtors, 4 from Buyers, 2 hangups
  Thu    3 calls/emails from Realtors, 0 from Buyers
  Fri     0 calls/emails from Realtors, 1 from Buyers

  21 responses, not counting the 2 hangups.  We were committed to the open house anyway.

  Sat     0 calls/emails from Realtors, 4 from Buyers
  Sun    0 calls/emails from Realtors, 2 from Buyers, 1 hangup

  In addtion, we had traditional Realtor Open House signes, and that drove addtional traffic on Sat/Sun.  There was another Realtor Open House down the street, so we got traffic from that as well.

  5 total bids, 2 were people that just thought if fun to write something down, and we couldn't contact them Sunday night.  One called prior to the sale and said it was for her son and he wasn't ready to buy and withdrew her bid.  That left 2.  Unfortunately, one was an investor looking for a "steal" and I'm not sure why the other was involved.  High intial bid was $80,500 from the investor.  It went 6 rounds going up 500 or 1000 and I'm thinking, "this is going to be a long night".  But the 2nd guy dropped leaving the investor high bidder at 99,500.  I called my client knowing that $99,500 was not acceptable, this was a fix 'n flip rehab, and they had WAY much more in it than that.  I called the investor and explained that the bid was unacceptable, he understood, and the sale was over.

  Here is my take on the deal.  We did not get the 25 responses by Friday night.  I'm not convinced that 4 more would have made the difference, but it did not meet Bill's criteria.  

  Why did we not get the response?  I believe that the buyers in today's Oklahoma City market are few and far between, and in their spider-holes.  We currently have about an 11 month supply of homes on the MLS, plus all the FSBO.  While OKC is weathering this economic situation better than most areas of the country, the nightly news and newspapers and other media continue to paint a bleak picture for the entire country.  This has developed an atmosphere of fear amongst home buyers.

  The buyers that ARE out there are investors and bottom feeders, and they KNOW the deals are there and they CAN buy properties for huge discounts.  Getting average or top dollar on a retail property today can be done, but it is tough.

  In a normal market, this price for this property should have driven 50 calls or more.  The 2 buyers that we did get were both looking for super steals only, not serious "retail" buyers.  

  I still believe this system can work, but it's not the same old marketplace that we were dealing with today, and not for sellers expecting top dollar. 

  The above is my opinion only, worth only the price you paid for it.  Hope this helps you guys.


  Dutch Revenboer

  Broker Associate
  Metro Brokers of Oklahoma
  www.DreamHomesOKC.com
  405-590-6563





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From bill at effros.com  Mon Jan 12 16:38:33 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 12 Jan 2009 16:38:33 -0500
Subject: [5-DayForum] Sale Results Oklahoma City
In-Reply-To: <d2b697900901120710q441bdb9ah7f29b275cb820115@mail.gmail.com>
References: <d2b697900901120710q441bdb9ah7f29b275cb820115@mail.gmail.com>
Message-ID: <496BB859.2060904@effros.com>

Thanks, Dutch,

Enormously helpful.

A very successful 5-Day Seller called me a couple of days ago just to 
let me know he will no longer be running 5-Day Sales for sellers in 
denial, or sellers simply seeking a free appraisal.

Your seller's house is not worth $160,000, and you won't find real 
buyers for it at this time at that price no matter what you do.

Doubtless, you already knew that, but you were trying to find out how 
close you could get.

Now you know you can't come close.

...

What does "an 11 month supply" mean?  If you moved the price of this 
seller's house down to what it's going to be 11 months from now, and 
advertised it for 1/2 that amount, he will sell it in 5 days right now.

...

Why don't you use magic numbers?  This house should have been offered 
for $74,500, no matter how you figure it.

...

25 responses by Friday night is supposed to mean that they come from 2 
classified ads in 3 days.  If the price you list is truly 1/2 the 
current market value, that's all you need to get 25 responses by Friday 
night -- in any market, at any time.  Failing to get this response, you 
simply won't get the implied amount you are hoping for.  Artificially 
jacking up the number of responses doesn't work.  It doesn't work in 
good times.  It doesn't work in bad times.

25 responses by Friday night is like a "tell" in poker, or a "marker" in 
medicine.  It lets you know if the buying public considers the offer so 
appealing they MUST respond quickly.  It does not tell you what the 
buyers think the home is worth, only that the number in the ad is wildly 
under the current value in the minds of people currently looking for 
homes in your area.

...

When you run a 5-Day Sale you are not looking for "traffic" -- you are 
looking for real buyers.  Any home offered for 1/2 its current true 
price will attract real buyers at a wide range of prices going all the 
way up to the highest price anyone would pay for that home on that day.

...

Everything is much more believable if people speak to the seller instead 
of you.  This seller was just seeking an appraisal, and nobody was 
willing to provide it.

...

Fix n Flip can't work in crashing markets.  Don't waste your time on 
people who made obvious bad choices--nobody is going to bail them out.  
Why should they.  The sooner they face the music, the less they will lose.

...

How many homes were sold last year?  Somewhere around 5 million?  That's 
a whole lot of buyers, and not that many fewer than in the good times.  
There is no shortage of buyers, just fewer buyers willing to pay more 
than homes are worth.  And they are worth much less than they were worth 
in the past.  If any seller is willing to sell at the current market 
price, they can do so in 5 days.

Bill Effros, Author




Dutch Revenboer wrote:
> I ran a pretty much traditional 5-Day sale this weekend in Oklahoma 
> City, and followed the book fairly closely.  Ad in the major 
> newspaper, and on Craigslist.  Also posted on www.Postlets.com 
> <http://www.Postlets.com> which posts to about 10 other real estate 
> sites.  As the Realtor, not the FSBO, I also sent an e-flyer to about 
> 3400 Realtors in the OKC metro area.  House had been on the market for 
> as high as 169K, currently listed in MLS at 159999.  Ran the ad at 
> $79500 OBO
>
> You can see my Craigslist posting at
> http://oklahomacity.craigslist.org/reb/984732746.html
>
> and my postlets.com <http://postlets.com> at
> http://www.postlets.com/res/1648025
>
> All phone calls went to my RingCentral message service 405-445-7215, 
> and then I called them back as quickly as possible to give them the 
> address and details on the property.
>
> Wed  13 calls/emails from Realtors, 4 from Buyers, 2 hangups
> Thu    3 calls/emails from Realtors, 0 from Buyers
> Fri     0 calls/emails from Realtors, 1 from Buyers
>
> 21 responses, not counting the 2 hangups.  We were committed to the 
> open house anyway.
>
> Sat     0 calls/emails from Realtors, 4 from Buyers
> Sun    0 calls/emails from Realtors, 2 from Buyers, 1 hangup
>
> In addtion, we had traditional Realtor Open House signes, and that 
> drove addtional traffic on Sat/Sun.  There was another Realtor Open 
> House down the street, so we got traffic from that as well.
>
> 5 total bids, 2 were people that just thought if fun to write 
> something down, and we couldn't contact them Sunday night.  One called 
> prior to the sale and said it was for her son and he wasn't ready to 
> buy and withdrew her bid.  That left 2.  Unfortunately, one was an 
> investor looking for a "steal" and I'm not sure why the other was 
> involved.  High intial bid was $80,500 from the investor.  It went 6 
> rounds going up 500 or 1000 and I'm thinking, "this is going to be a 
> long night".  But the 2nd guy dropped leaving the investor high bidder 
> at 99,500.  I called my client knowing that $99,500 was not 
> acceptable, this was a fix 'n flip rehab, and they had WAY much more 
> in it than that.  I called the investor and explained that the bid was 
> unacceptable, he understood, and the sale was over.
>
> Here is my take on the deal.  We did not get the 25 responses by 
> Friday night.  I'm not convinced that 4 more would have made the 
> difference, but it did not meet Bill's criteria. 
>
> Why did we not get the response?  I believe that the buyers in today's 
> Oklahoma City market are few and far between, and in their 
> spider-holes.  We currently have about an 11 month supply of homes on 
> the MLS, plus all the FSBO.  While OKC is weathering this economic 
> situation better than most areas of the country, the nightly news and 
> newspapers and other media continue to paint a bleak picture for the 
> entire country.  This has developed an atmosphere of fear amongst home 
> buyers.
>
> The buyers that ARE out there are investors and bottom feeders, and 
> they KNOW the deals are there and they CAN buy properties for huge 
> discounts.  Getting average or top dollar on a retail property today 
> can be done, but it is tough.
>
> In a normal market, this price for this property should have driven 50 
> calls or more.  The 2 buyers that we did get were both looking for 
> super steals only, not serious "retail" buyers. 
>
> I still believe this system can work, but it's not the same old 
> marketplace that we were dealing with today, and not for sellers 
> expecting top dollar.
>
> The above is my opinion only, worth only the price you paid for it.  
> Hope this helps you guys.
>
>
> Dutch Revenboer
>
> Broker Associate
> Metro Brokers of Oklahoma
> www.DreamHomesOKC.com <http://www.DreamHomesOKC.com>
> 405-590-6563
>
>
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From keith.pinster at comcast.net  Mon Jan 12 16:59:54 2009
From: keith.pinster at comcast.net (Keith R. Pinster)
Date: Mon, 12 Jan 2009 13:59:54 -0800
Subject: [5-DayForum] Foreclosure
In-Reply-To: <496B5C2E.30505@effros.com>
Message-ID: <031601c97501$1a1aa260$0702a8c0@accentinc.com>

It's amazing to me that the "financial experts" that are advising the
government can't see this.  Maybe I'm no experts in finances, but I sure
don't see those billion dollar bailouts helping the American public so far!

KRP

-----Original Message-----
From: Bill Effros [mailto:bill at effros.com] 
Sent: Monday, January 12, 2009 7:05 AM
To: 5-DayForum
Subject: [5-DayForum] Foreclosure

It would be nice if anyone knows how to stop all the nonsense about 
"saving people from foreclosure".

The faster banks foreclose, the better off we will all be.

We are talking about houses that should never have been built, in places 
people don't want to live, sold for more than they were ever worth, 
owned by people who can't afford the taxes, or the interest on their 
mortgages, not to mention the fact that they can't possibly ever pay 
back the principal.

Let's say the government reduces the principal amount by 50%.  Are the 
taxes also reduced by 50%?

And what happens to the next door neighbor's identical house?  Are those 
taxes also reduced by 50%?

If your next door neighbor is "saved" from foreclosure by reducing the 
principal, your house is instantly worth the exact same percentage 
less.  Only nobody is planning to compensate you for your loss, and your 
town can't take in less revenue than it budgeted.  So you will have to 
pay more taxes, to make up for the taxes your neighbor can't afford to pay.

Then, the bank will foreclose your neighbor's home, anyhow, because your 
neighbors still will not be willing to pay taxes, interest, insurance, 
maintenance, and principal that exceed the amount for which they can 
rent an identical home.

When banks foreclose, they still have to pay the taxes.  Many of the 
foreclosed homes will never be lived in again--many will be 
bulldozed--if this happens the value of the remaining homes will not be 
destroyed.

The banks created this problem, and they have already been bailed out.  
Let them foreclose on the homes nobody wants so the remaining homes have 
a chance of retaining enough value to avoid foreclosure.  People living 
in foreclosed homes will be able to rent identical homes for a fraction 
of the cost of owning them.

Bill Effros, Author













From keith.pinster at comcast.net  Mon Jan 12 17:53:00 2009
From: keith.pinster at comcast.net (Keith R. Pinster)
Date: Mon, 12 Jan 2009 14:53:00 -0800
Subject: [5-DayForum] Foreclosure (rant)
In-Reply-To: <496B68B8.5050208@effros.com>
Message-ID: <031701c97508$8588e820$0702a8c0@accentinc.com>

To some extent, I understand where Dutch is coming from.  And, yes, a very
minor amount of this problem has come from investors thinking they could
make a bundle and got caught with their financial pants down.  I'm sorry to
say, but such is the nature of business.  However, the fact of the matter is
that if the banks didn't go right along with this whole mess, it simply
wouldn't have happened.  The banks were giving out loans like they were
candy because they thought they could make tons of money off of peoples' bad
judgments.  I think it's fairly safe to say that they did all they could to
encourage those bad judgments.  They had to know that people would not be
able to make their payments but didn't really care about the people, just
the all-mighty dollar.  They bellied up to the craps tabling thinking they
had loaded dice.  The problem is, when we see a local store manager
mismanage his store to the point of failure with what are obvious
ineptitudes, we think "what an idiot, he deserves what he got!"  But now
that it is banks that are floundering for what any second year college
student with even a minor in economics not only could have told them, but
repeatedly DID tell them, it's really hard for me to have sympathy for them.
These are the same banks that you can have an account for years with
auto-payroll deposits, but if you go under by so much as a penny, bounce the
payment and charge you a $40 overdraft "service" fee (not sure what
"service" they are providing there).  To them "it's nothing personal, it's
just business".  Well, their business is blowing up in their faces and I for
one am glad for it.  

 

Just because the bank goes, doesn't mean all the money goes.  It's just like
the film industry in the 40s.  Once TV came about and their monopoly of each
studio owning it's own chain of theaters got broken up, they had to adapt or
die.  So, where is the movie industry today?  Is it dead?  Same thing with
the break up of ma-bell.  Are we no longer able to communicate via
telephone?  The need for banks will always be there, so there will always be
banks.  But artificially keeping the ones alive that rotted from the inside
because of their greed isn't the best solution for the industry OR the
American public.  IMHO 

 

Keith P. - Vancouver, WA

 

  _____  

From: Bill Effros [mailto:bill at effros.com] 
Sent: Monday, January 12, 2009 7:59 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Foreclosure

 

Dutch,

The problem is that the foreclosure solution won't resolve the problem.

There isn't enough money in the world for everyone to get back 100% of what
they thought their properties were worth before the bubble burst.

If there was fraud involved, lets go after the people who perpetrated
frauds.

Foreclosure relief bails out banks, not individuals.  It won't change the
number of people who are forced out of their homes--which they planned to
move out of anyhow, because they always knew they could never repay the
principal, or pay a reasonable rate of interest.

A very high percentage of people who purchased homes in the last 2 years
before the bubble popped are going to lose the principal they put into their
homes if they sell them any time in the near future.

Most also made a lot of money buying and selling homes during the time
period that preceded--so it's a little like the Madoff victims:  They all
talk about how they "lost" a lot of money, but few mention that most of
those loses are based on Madoff fictitious earnings, and not from the
principal they actually put in initially, much of which many of them have
long since withdrawn from the scheme.

As someone else famous once said "Simply CUT the Gordian Knot!"

Bill Effros, Author  (Whose 2 cents is worth no more or less than
yours--same discount.)

Dutch Revenboer wrote: 

Bill,

To some degree, I agree.  Yet on another level, there is an extreme penalty
to the innocent for letting this happen.  If 20 properties in my
neighborhood all go back to the bank, and then come back on the market, that
depresses the entire market, including the value of my home.  Supply and
demand, add blight on the unoccupied, vandalized properties, and I get to
pay the price for all the corruption, graft and ineptitude of everyone
involved, including the Fed Govt for not only allowing but encouraging the
housing bubble to happen.

We as a nation allowed our govt and regulators to look the other way.  I
believe we all have to pay the price.  We can spread the pain to all, since
we are all guilty, or each individual can say, "It wasn't me, make the OTHER
guy pay, but not me, not my neighborhood".

I do a LOT loss mitigation, loan modifications and short sales.  There are
lots of sad tales out there.  Many are the result of just poor money
management and greed and stupidity.  But I see cases of mortgage fraud and
downright illegal activities on the part of realtors, appraisers,
underwriters, mortgage brokers and bankers and now the servicers every day.
Many of these people were lied too and deceived by these people, all in the
name of the almighty dollar.  Do we just walk away from these folks?  Most
of these foreclosures are NOT investor properties, but first time home
owners and those that bought into the dream and moved up on lies and empty
promises.

I don't have an easy solution, I don't think there is one.  But simply "make
the banks pay" is way too simplistic in today's world economy.  As someone
famous said, "you can't untangle spaghetti".  The consequences could be dire
to other, unkown sectors as we have already witnessed.

Just my 2 cents, which you received at a steep discount.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563





On Mon, Jan 12, 2009 at 9:05 AM, Bill Effros <bill at effros.com> wrote:

It would be nice if anyone knows how to stop all the nonsense about
"saving people from foreclosure".

The faster banks foreclose, the better off we will all be.

We are talking about houses that should never have been built, in places
people don't want to live, sold for more than they were ever worth,
owned by people who can't afford the taxes, or the interest on their
mortgages, not to mention the fact that they can't possibly ever pay
back the principal.

Let's say the government reduces the principal amount by 50%.  Are the
taxes also reduced by 50%?

And what happens to the next door neighbor's identical house?  Are those
taxes also reduced by 50%?

If your next door neighbor is "saved" from foreclosure by reducing the
principal, your house is instantly worth the exact same percentage
less.  Only nobody is planning to compensate you for your loss, and your
town can't take in less revenue than it budgeted.  So you will have to
pay more taxes, to make up for the taxes your neighbor can't afford to pay.

Then, the bank will foreclose your neighbor's home, anyhow, because your
neighbors still will not be willing to pay taxes, interest, insurance,
maintenance, and principal that exceed the amount for which they can
rent an identical home.

When banks foreclose, they still have to pay the taxes.  Many of the
foreclosed homes will never be lived in again--many will be
bulldozed--if this happens the value of the remaining homes will not be
destroyed.

The banks created this problem, and they have already been bailed out.
Let them foreclose on the homes nobody wants so the remaining homes have
a chance of retaining enough value to avoid foreclosure.  People living
in foreclosed homes will be able to rent identical homes for a fraction
of the cost of owning them.

Bill Effros, Author










_______________________________________________
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 tomhoffman at live.com  Mon Jan 12 19:11:18 2009
From: tomhoffman at live.com (Tom Hoffman)
Date: Mon, 12 Jan 2009 17:11:18 -0700
Subject: [5-DayForum] Sale Results Oklahoma City
In-Reply-To: <d2b697900901120710q441bdb9ah7f29b275cb820115@mail.gmail.com>
References: <d2b697900901120710q441bdb9ah7f29b275cb820115@mail.gmail.com>
Message-ID: <BLU135-W254395DE200E29DA26BC16B0D90@phx.gbl>


Thanks Dutch for sharing the details and the links. Was the seller present at the sale? Do you think the result would have been different had it been a FSBO? Did you have any Realtors show up on Sat. & Sun? Do you think the time of year was a factor as things here really slow down until march?
Tom Hoffman-Broker/Owner
Top Priority Realty,LLC
Denver, Colorado



Date: Mon, 12 Jan 2009 09:10:01 -0600From: flyingnutjob at gmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] Sale Results Oklahoma CityI ran a pretty much traditional 5-Day sale this weekend in Oklahoma City, and followed the book fairly closely.  Ad in the major newspaper, and on Craigslist.  Also posted on www.Postlets.com which posts to about 10 other real estate sites.  As the Realtor, not the FSBO, I also sent an e-flyer to about 3400 Realtors in the OKC metro area.  House had been on the market for as high as 169K, currently listed in MLS at 159999.  Ran the ad at $79500 OBOYou can see my Craigslist posting at http://oklahomacity.craigslist.org/reb/984732746.htmland my postlets.com athttp://www.postlets.com/res/1648025All phone calls went to my RingCentral message service 405-445-7215, and then I called them back as quickly as possible to give them the address and details on the property.Wed  13 calls/emails from Realtors, 4 from Buyers, 2 hangupsThu    3 calls/emails from Realtors, 0 from BuyersFri     0 calls/emails from Realtors, 1 from Buyers21 responses, not counting the 2 hangups.  We were committed to the open house anyway.Sat     0 calls/emails from Realtors, 4 from BuyersSun    0 calls/emails from Realtors, 2 from Buyers, 1 hangupIn addtion, we had traditional Realtor Open House signes, and that drove addtional traffic on Sat/Sun.  There was another Realtor Open House down the street, so we got traffic from that as well.5 total bids, 2 were people that just thought if fun to write something down, and we couldn't contact them Sunday night.  One called prior to the sale and said it was for her son and he wasn't ready to buy and withdrew her bid.  That left 2.  Unfortunately, one was an investor looking for a "steal" and I'm not sure why the other was involved.  High intial bid was $80,500 from the investor.  It went 6 rounds going up 500 or 1000 and I'm thinking, "this is going to be a long night".  But the 2nd guy dropped leaving the investor high bidder at 99,500.  I called my client knowing that $99,500 was not acceptable, this was a fix 'n flip rehab, and they had WAY much more in it than that.  I called the investor and explained that the bid was unacceptable, he understood, and the sale was over.Here is my take on the deal.  We did not get the 25 responses by Friday night.  I'm not convinced that 4 more would have made the difference, but it did not meet Bill's criteria.  Why did we not get the response?  I believe that the buyers in today's Oklahoma City market are few and far between, and in their spider-holes.  We currently have about an 11 month supply of homes on the MLS, plus all the FSBO.  While OKC is weathering this economic situation better than most areas of the country, the nightly news and newspapers and other media continue to paint a bleak picture for the entire country.  This has developed an atmosphere of fear amongst home buyers.The buyers that ARE out there are investors and bottom feeders, and they KNOW the deals are there and they CAN buy properties for huge discounts.  Getting average or top dollar on a retail property today can be done, but it is tough.In a normal market, this price for this property should have driven 50 calls or more.  The 2 buyers that we did get were both looking for super steals only, not serious "retail" buyers.  I still believe this system can work, but it's not the same old marketplace that we were dealing with today, and not for sellers expecting top dollar. The above is my opinion only, worth only the price you paid for it.  Hope this helps you guys.Dutch RevenboerBroker AssociateMetro Brokers of Oklahomawww.DreamHomesOKC.com405-590-6563


_________________________________________________________________
Windows Live? Hotmail?: Chat. Store. Share. Do more with mail. 
http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t1_hm_justgotbetter_explore_012009
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From flyingnutjob at gmail.com  Mon Jan 12 20:05:46 2009
From: flyingnutjob at gmail.com (Dutch Revenboer)
Date: Mon, 12 Jan 2009 19:05:46 -0600
Subject: [5-DayForum] Sale Results Oklahoma City
In-Reply-To: <BLU135-W254395DE200E29DA26BC16B0D90@phx.gbl>
References: <d2b697900901120710q441bdb9ah7f29b275cb820115@mail.gmail.com>
	<BLU135-W254395DE200E29DA26BC16B0D90@phx.gbl>
Message-ID: <d2b697900901121705o6e1bd2e6k8b909af3cff11ace@mail.gmail.com>

Tom,

The seller was there part of the time.  I don't think that really made any
difference at all.  Buyers simply don't care IMHO.

I had one Realtor bring the high bidder investor.  The Realtor that was
holding the open house down the street stopped by and toured the house.
Another stopped by to chat, but more to meet and talk as we had a "phone"
relationship when we both had previous careers, he didn't have a qualified
buyer.

As I stated in my original post, many factors contributed.  In my opinion
only, the #1 factor is FEAR.  The buying public is under an unprecedented
cloud of fear about the economy and their future, and are concerned about
spending money and incurring debt.  So much bad media has been vomited upon
us that collectively the public is believing the sky is falling.

As an example, another agent in our office had a serious buyer that she
trotted his happy ass around for 2 months and he finally made an offer on a
property and it was accepted.  4 HOURS before closing, he calls and says,
"I'm not going to close, because I MIGHT lose my job".  After carefully
explaining Paragraph 8 of the buyers broker agreement which discusses his
liability to all the brokers even if he doesn't close, and the seller's
option to file for specific performance, they did in fact close, 3 days
late.  It's simply FEAR.  Something FDR understood in his, "we have nothing
to fear but fear itself" speech.

#2 reason would be the time of year.  Oklahoma played in the BCS
Championship and lost.  For those of you who don't live here, you just don't
understand the week long malaise after that.  Sooner footballs is like
Oxygen to these people.

Add in the NFL playoffs, and the general January lull.  It all combines to
not much activity on any level.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563



On Mon, Jan 12, 2009 at 6:11 PM, Tom Hoffman <tomhoffman at live.com> wrote:

>  Thanks Dutch for sharing the details and the links. Was the seller present
> at the sale? Do you think the result would have been different had it been a
> FSBO? Did you have any Realtors show up on Sat. & Sun? Do you think the time
> of year was a factor as things here really slow down until march?
> Tom Hoffman-Broker/Owner
> Top Priority Realty,LLC
> Denver, Colorado
>
>
> ------------------------------
>
> Date: Mon, 12 Jan 2009 09:10:01 -0600
> From: flyingnutjob at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Sale Results Oklahoma City
>
> I ran a pretty much traditional 5-Day sale this weekend in Oklahoma City,
> and followed the book fairly closely.  Ad in the major newspaper, and on
> Craigslist.  Also posted on www.Postlets.com <http://www.postlets.com/>which posts to about 10 other real estate sites.  As the Realtor, not the
> FSBO, I also sent an e-flyer to about 3400 Realtors in the OKC metro area.
> House had been on the market for as high as 169K, currently listed in MLS at
> 159999.  Ran the ad at $79500 OBO
>
> You can see my Craigslist posting at
> http://oklahomacity.craigslist.org/reb/984732746.html
>
> and my postlets.com at
> http://www.postlets.com/res/1648025
>
> All phone calls went to my RingCentral message service 405-445-7215, and
> then I called them back as quickly as possible to give them the address and
> details on the property.
>
> Wed  13 calls/emails from Realtors, 4 from Buyers, 2 hangups
> Thu    3 calls/emails from Realtors, 0 from Buyers
> Fri     0 calls/emails from Realtors, 1 from Buyers
>
> 21 responses, not counting the 2 hangups.  We were committed to the open
> house anyway.
>
> Sat     0 calls/emails from Realtors, 4 from Buyers
> Sun    0 calls/emails from Realtors, 2 from Buyers, 1 hangup
>
> In addtion, we had traditional Realtor Open House signes, and that drove
> addtional traffic on Sat/Sun.  There was another Realtor Open House down the
> street, so we got traffic from that as well.
>
> 5 total bids, 2 were people that just thought if fun to write something
> down, and we couldn't contact them Sunday night.  One called prior to the
> sale and said it was for her son and he wasn't ready to buy and withdrew her
> bid.  That left 2.  Unfortunately, one was an investor looking for a "steal"
> and I'm not sure why the other was involved.  High intial bid was $80,500
> from the investor.  It went 6 rounds going up 500 or 1000 and I'm thinking,
> "this is going to be a long night".  But the 2nd guy dropped leaving the
> investor high bidder at 99,500.  I called my client knowing that $99,500 was
> not acceptable, this was a fix 'n flip rehab, and they had WAY much more in
> it than that.  I called the investor and explained that the bid was
> unacceptable, he understood, and the sale was over.
>
> Here is my take on the deal.  We did not get the 25 responses by Friday
> night.  I'm not convinced that 4 more would have made the difference, but it
> did not meet Bill's criteria.
>
> Why did we not get the response?  I believe that the buyers in today's
> Oklahoma City market are few and far between, and in their spider-holes.  We
> currently have about an 11 month supply of homes on the MLS, plus all the
> FSBO.  While OKC is weathering this economic situation better than most
> areas of the country, the nightly news and newspapers and other media
> continue to paint a bleak picture for the entire country.  This has
> developed an atmosphere of fear amongst home buyers.
>
> The buyers that ARE out there are investors and bottom feeders, and they
> KNOW the deals are there and they CAN buy properties for huge discounts.
> Getting average or top dollar on a retail property today can be done, but it
> is tough.
>
> In a normal market, this price for this property should have driven 50
> calls or more.  The 2 buyers that we did get were both looking for super
> steals only, not serious "retail" buyers.
>
> I still believe this system can work, but it's not the same old marketplace
> that we were dealing with today, and not for sellers expecting top dollar.
>
> The above is my opinion only, worth only the price you paid for it.  Hope
> this helps you guys.
>
>
> Dutch Revenboer
>
> Broker Associate
> Metro Brokers of Oklahoma
> www.DreamHomesOKC.com <http://www.dreamhomesokc.com/>
> 405-590-6563
>
>
>
>
>
> ------------------------------
> Windows Live? Hotmail(R): Chat. Store. Share. Do more with mail. Check it
> out.<http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t1_hm_justgotbetter_explore_012009>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
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From atn0930 at gmail.com  Tue Jan 13 01:21:03 2009
From: atn0930 at gmail.com (Anthony Norton)
Date: Tue, 13 Jan 2009 01:21:03 -0500
Subject: [5-DayForum] Sale Results Oklahoma City
In-Reply-To: <496BB859.2060904@effros.com>
References: <d2b697900901120710q441bdb9ah7f29b275cb820115@mail.gmail.com>
	<496BB859.2060904@effros.com>
Message-ID: <3fbb3f20901122221l1a272a39hbc98deb407b39879@mail.gmail.com>

Bill,

I don't claim to be an expert in your game, but using your philosophy we
could just donate our house to charity and achieve the same outcome.  There
is a 'fiar' price and then there is giving the property away.  Your advice
might just as well say 'don't sell'.  I understand that some housing markets
shot up atificially but that shouldn't mean that every home on the market
should be a fire sale.

Tony

On Mon, Jan 12, 2009 at 4:38 PM, Bill Effros <bill at effros.com> wrote:

>  Thanks, Dutch,
>
> Enormously helpful.
>
> A very successful 5-Day Seller called me a couple of days ago just to let
> me know he will no longer be running 5-Day Sales for sellers in denial, or
> sellers simply seeking a free appraisal.
>
> Your seller's house is not worth $160,000, and you won't find real buyers
> for it at this time at that price no matter what you do.
>
> Doubtless, you already knew that, but you were trying to find out how close
> you could get.
>
> Now you know you can't come close.
>
> ...
>
> What does "an 11 month supply" mean?  If you moved the price of this
> seller's house down to what it's going to be 11 months from now, and
> advertised it for 1/2 that amount, he will sell it in 5 days right now.
>
> ...
>
> Why don't you use magic numbers?  This house should have been offered for
> $74,500, no matter how you figure it.
>
> ...
>
> 25 responses by Friday night is supposed to mean that they come from 2
> classified ads in 3 days.  If the price you list is truly 1/2 the current
> market value, that's all you need to get 25 responses by Friday night -- in
> any market, at any time.  Failing to get this response, you simply won't get
> the implied amount you are hoping for.  Artificially jacking up the number
> of responses doesn't work.  It doesn't work in good times.  It doesn't work
> in bad times.
>
> 25 responses by Friday night is like a "tell" in poker, or a "marker" in
> medicine.  It lets you know if the buying public considers the offer so
> appealing they MUST respond quickly.  It does not tell you what the buyers
> think the home is worth, only that the number in the ad is wildly under the
> current value in the minds of people currently looking for homes in your
> area.
>
> ...
>
> When you run a 5-Day Sale you are not looking for "traffic" -- you are
> looking for real buyers.  Any home offered for 1/2 its current true price
> will attract real buyers at a wide range of prices going all the way up to
> the highest price anyone would pay for that home on that day.
>
> ...
>
> Everything is much more believable if people speak to the seller instead of
> you.  This seller was just seeking an appraisal, and nobody was willing to
> provide it.
>
> ...
>
> Fix n Flip can't work in crashing markets.  Don't waste your time on people
> who made obvious bad choices--nobody is going to bail them out.  Why should
> they.  The sooner they face the music, the less they will lose.
>
> ...
>
> How many homes were sold last year?  Somewhere around 5 million?  That's a
> whole lot of buyers, and not that many fewer than in the good times.  There
> is no shortage of buyers, just fewer buyers willing to pay more than homes
> are worth.  And they are worth much less than they were worth in the past.
> If any seller is willing to sell at the current market price, they can do so
> in 5 days.
>
> Bill Effros, Author
>
>
>
>
> Dutch Revenboer wrote:
>
> I ran a pretty much traditional 5-Day sale this weekend in Oklahoma City,
> and followed the book fairly closely.  Ad in the major newspaper, and on
> Craigslist.  Also posted on www.Postlets.com which posts to about 10 other
> real estate sites.  As the Realtor, not the FSBO, I also sent an e-flyer to
> about 3400 Realtors in the OKC metro area.  House had been on the market for
> as high as 169K, currently listed in MLS at 159999.  Ran the ad at $79500
> OBO
>
> You can see my Craigslist posting at
> http://oklahomacity.craigslist.org/reb/984732746.html
>
> and my postlets.com at
> http://www.postlets.com/res/1648025
>
> All phone calls went to my RingCentral message service 405-445-7215, and
> then I called them back as quickly as possible to give them the address and
> details on the property.
>
> Wed  13 calls/emails from Realtors, 4 from Buyers, 2 hangups
> Thu    3 calls/emails from Realtors, 0 from Buyers
> Fri     0 calls/emails from Realtors, 1 from Buyers
>
> 21 responses, not counting the 2 hangups.  We were committed to the open
> house anyway.
>
> Sat     0 calls/emails from Realtors, 4 from Buyers
> Sun    0 calls/emails from Realtors, 2 from Buyers, 1 hangup
>
> In addtion, we had traditional Realtor Open House signes, and that drove
> addtional traffic on Sat/Sun.  There was another Realtor Open House down the
> street, so we got traffic from that as well.
>
> 5 total bids, 2 were people that just thought if fun to write something
> down, and we couldn't contact them Sunday night.  One called prior to the
> sale and said it was for her son and he wasn't ready to buy and withdrew her
> bid.  That left 2.  Unfortunately, one was an investor looking for a "steal"
> and I'm not sure why the other was involved.  High intial bid was $80,500
> from the investor.  It went 6 rounds going up 500 or 1000 and I'm thinking,
> "this is going to be a long night".  But the 2nd guy dropped leaving the
> investor high bidder at 99,500.  I called my client knowing that $99,500 was
> not acceptable, this was a fix 'n flip rehab, and they had WAY much more in
> it than that.  I called the investor and explained that the bid was
> unacceptable, he understood, and the sale was over.
>
> Here is my take on the deal.  We did not get the 25 responses by Friday
> night.  I'm not convinced that 4 more would have made the difference, but it
> did not meet Bill's criteria.
>
> Why did we not get the response?  I believe that the buyers in today's
> Oklahoma City market are few and far between, and in their spider-holes.  We
> currently have about an 11 month supply of homes on the MLS, plus all the
> FSBO.  While OKC is weathering this economic situation better than most
> areas of the country, the nightly news and newspapers and other media
> continue to paint a bleak picture for the entire country.  This has
> developed an atmosphere of fear amongst home buyers.
>
> The buyers that ARE out there are investors and bottom feeders, and they
> KNOW the deals are there and they CAN buy properties for huge discounts.
> Getting average or top dollar on a retail property today can be done, but it
> is tough.
>
> In a normal market, this price for this property should have driven 50
> calls or more.  The 2 buyers that we did get were both looking for super
> steals only, not serious "retail" buyers.
>
> I still believe this system can work, but it's not the same old marketplace
> that we were dealing with today, and not for sellers expecting top dollar.
>
> The above is my opinion only, worth only the price you paid for it.  Hope
> this helps you guys.
>
>
> Dutch Revenboer
>
> Broker Associate
> Metro Brokers of Oklahoma
> www.DreamHomesOKC.com
> 405-590-6563
>
>
>>
> ------------------------------
>
> _______________________________________________
> 5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://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  Tue Jan 13 09:43:58 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 13 Jan 2009 09:43:58 -0500
Subject: [5-DayForum] Sale Results Oklahoma City
In-Reply-To: <3fbb3f20901122221l1a272a39hbc98deb407b39879@mail.gmail.com>
References: <d2b697900901120710q441bdb9ah7f29b275cb820115@mail.gmail.com>	<496BB859.2060904@effros.com>
	<3fbb3f20901122221l1a272a39hbc98deb407b39879@mail.gmail.com>
Message-ID: <496CA8AE.2090304@effros.com>

Tony,

Nobody is an expert in the game because the game has changed.

The professionals are sleep walking, trying to convince themselves and 
everyone else that everything will return to "normal" if we just pretend 
we think that's what going to happen.

I don't think that will happen, no matter what we do.

I don't know a better predictor of housing market trends than the 5-Day 
Method.  People all over the country have been reporting to this Forum 
for more than 2 years that they couldn't sell their homes for what they 
had in their mortgages.  Just look in the archives.  "Your method 
doesn't work!" they said.  "The appraisals are wrong!" has been my answer.

It was a shell game and there is no pea under 2 out of 3 shells.  Many 
of the houses built will never be worth what they sold for new.  Many of 
them will never be lived in.  We should make the banks eat them.

Anybody who can hold onto their homes should do so.  People who must 
move should sell using the 5-Day Method and get the most they can 
get--they will be able to buy cheaply, also--it makes no difference that 
they are selling for less than they once thought they could get if they 
can buy an equivalent home for less than they thought it would cost.

The only issue is whether they can afford to hold any home at all.  
Those people who cannot afford to own homes should be driven from the 
market, not artificially supported to benefit banks at the expense of 
everyone else.

I believe we are in a depression.  I think the cost of almost everything 
is going to go down.  (That's one definition of a depression.)  I think 
houses will actually be worth less than they were worth previously.  
Historically, the only ways out of depressions have been war and 
inflation. I think we will pick inflation.

Anyone who can afford to hold onto a house will see the monetary value 
of that house soar when inflation hits.  Wages will soar.  And a 
hamburger at McDonalds will cost $20--but who cares.  It will become 
very easy for homeowners to repay their mortgages with cheap dollars.

But this will only work for homeowners who can afford to own homes.  All 
of the others will be foreclosed, driving down the value of every other 
home in the process.  The question is: "How long will this depression 
last?"  Historically people underestimate the length of depressions.

Sellers are in denial.  Brokers are in denial.  The 5-Day Method will 
get you the high end of the current market value in exactly 5-Days.  
Refuse to sell for what you can get at your own peril--all indications 
are that most markets have not hit bottom--you will get even less for 
your home if you hold on.

Don't kid yourself, all markets shot up artificially because banks were 
lending into all markets and providing misleading appraisals so that 
they could sell the loans they generated at obscene mark-ups to an 
investing public that didn't care if none of it made any sense.

We all benefited in the short run.  Now we will all pay in the long 
run.  That's the way markets work.

Bill Effros, Author





Anthony Norton wrote:
> Bill,
>
> I don't claim to be an expert in your game, but using your philosophy 
> we could just donate our house to charity and achieve the same 
> outcome.  There is a 'fiar' price and then there is giving the 
> property away.  Your advice might just as well say 'don't sell'.  I 
> understand that some housing markets shot up atificially but that 
> shouldn't mean that every home on the market should be a fire sale.
>
> Tony
>
> On Mon, Jan 12, 2009 at 4:38 PM, Bill Effros <bill at effros.com 
> <mailto:bill at effros.com>> wrote:
>
>     Thanks, Dutch,
>
>     Enormously helpful.
>
>     A very successful 5-Day Seller called me a couple of days ago just
>     to let me know he will no longer be running 5-Day Sales for
>     sellers in denial, or sellers simply seeking a free appraisal.
>
>     Your seller's house is not worth $160,000, and you won't find real
>     buyers for it at this time at that price no matter what you do.
>
>     Doubtless, you already knew that, but you were trying to find out
>     how close you could get.
>
>     Now you know you can't come close.
>
>     ...
>
>     What does "an 11 month supply" mean?  If you moved the price of
>     this seller's house down to what it's going to be 11 months from
>     now, and advertised it for 1/2 that amount, he will sell it in 5
>     days right now.
>
>     ...
>
>     Why don't you use magic numbers?  This house should have been
>     offered for $74,500, no matter how you figure it.
>
>     ...
>
>     25 responses by Friday night is supposed to mean that they come
>     from 2 classified ads in 3 days.  If the price you list is truly
>     1/2 the current market value, that's all you need to get 25
>     responses by Friday night -- in any market, at any time.  Failing
>     to get this response, you simply won't get the implied amount you
>     are hoping for.  Artificially jacking up the number of responses
>     doesn't work.  It doesn't work in good times.  It doesn't work in
>     bad times.
>
>     25 responses by Friday night is like a "tell" in poker, or a
>     "marker" in medicine.  It lets you know if the buying public
>     considers the offer so appealing they MUST respond quickly.  It
>     does not tell you what the buyers think the home is worth, only
>     that the number in the ad is wildly under the current value in the
>     minds of people currently looking for homes in your area.
>
>     ...
>
>     When you run a 5-Day Sale you are not looking for "traffic" -- you
>     are looking for real buyers.  Any home offered for 1/2 its current
>     true price will attract real buyers at a wide range of prices
>     going all the way up to the highest price anyone would pay for
>     that home on that day.
>
>     ...
>
>     Everything is much more believable if people speak to the seller
>     instead of you.  This seller was just seeking an appraisal, and
>     nobody was willing to provide it.
>
>     ...
>
>     Fix n Flip can't work in crashing markets.  Don't waste your time
>     on people who made obvious bad choices--nobody is going to bail
>     them out.  Why should they.  The sooner they face the music, the
>     less they will lose.
>
>     ...
>
>     How many homes were sold last year?  Somewhere around 5 million? 
>     That's a whole lot of buyers, and not that many fewer than in the
>     good times.  There is no shortage of buyers, just fewer buyers
>     willing to pay more than homes are worth.  And they are worth much
>     less than they were worth in the past.  If any seller is willing
>     to sell at the current market price, they can do so in 5 days.
>
>     Bill Effros, Author
>
>
>
>
>     Dutch Revenboer wrote:
>>     I ran a pretty much traditional 5-Day sale this weekend in
>>     Oklahoma City, and followed the book fairly closely.  Ad in the
>>     major newspaper, and on Craigslist.  Also posted on
>>     www.Postlets.com <http://www.Postlets.com> which posts to about
>>     10 other real estate sites.  As the Realtor, not the FSBO, I also
>>     sent an e-flyer to about 3400 Realtors in the OKC metro area. 
>>     House had been on the market for as high as 169K, currently
>>     listed in MLS at 159999.  Ran the ad at $79500 OBO
>>
>>     You can see my Craigslist posting at
>>     http://oklahomacity.craigslist.org/reb/984732746.html
>>
>>     and my postlets.com <http://postlets.com> at
>>     http://www.postlets.com/res/1648025
>>
>>     All phone calls went to my RingCentral message service
>>     405-445-7215, and then I called them back as quickly as possible
>>     to give them the address and details on the property.
>>
>>     Wed  13 calls/emails from Realtors, 4 from Buyers, 2 hangups
>>     Thu    3 calls/emails from Realtors, 0 from Buyers
>>     Fri     0 calls/emails from Realtors, 1 from Buyers
>>
>>     21 responses, not counting the 2 hangups.  We were committed to
>>     the open house anyway.
>>
>>     Sat     0 calls/emails from Realtors, 4 from Buyers
>>     Sun    0 calls/emails from Realtors, 2 from Buyers, 1 hangup
>>
>>     In addtion, we had traditional Realtor Open House signes, and
>>     that drove addtional traffic on Sat/Sun.  There was another
>>     Realtor Open House down the street, so we got traffic from that
>>     as well.
>>
>>     5 total bids, 2 were people that just thought if fun to write
>>     something down, and we couldn't contact them Sunday night.  One
>>     called prior to the sale and said it was for her son and he
>>     wasn't ready to buy and withdrew her bid.  That left 2. 
>>     Unfortunately, one was an investor looking for a "steal" and I'm
>>     not sure why the other was involved.  High intial bid was $80,500
>>     from the investor.  It went 6 rounds going up 500 or 1000 and I'm
>>     thinking, "this is going to be a long night".  But the 2nd guy
>>     dropped leaving the investor high bidder at 99,500.  I called my
>>     client knowing that $99,500 was not acceptable, this was a fix 'n
>>     flip rehab, and they had WAY much more in it than that.  I called
>>     the investor and explained that the bid was unacceptable, he
>>     understood, and the sale was over.
>>
>>     Here is my take on the deal.  We did not get the 25 responses by
>>     Friday night.  I'm not convinced that 4 more would have made the
>>     difference, but it did not meet Bill's criteria. 
>>
>>     Why did we not get the response?  I believe that the buyers in
>>     today's Oklahoma City market are few and far between, and in
>>     their spider-holes.  We currently have about an 11 month supply
>>     of homes on the MLS, plus all the FSBO.  While OKC is weathering
>>     this economic situation better than most areas of the country,
>>     the nightly news and newspapers and other media continue to paint
>>     a bleak picture for the entire country.  This has developed an
>>     atmosphere of fear amongst home buyers.
>>
>>     The buyers that ARE out there are investors and bottom feeders,
>>     and they KNOW the deals are there and they CAN buy properties for
>>     huge discounts.  Getting average or top dollar on a retail
>>     property today can be done, but it is tough.
>>
>>     In a normal market, this price for this property should have
>>     driven 50 calls or more.  The 2 buyers that we did get were both
>>     looking for super steals only, not serious "retail" buyers. 
>>
>>     I still believe this system can work, but it's not the same old
>>     marketplace that we were dealing with today, and not for sellers
>>     expecting top dollar.
>>
>>     The above is my opinion only, worth only the price you paid for
>>     it.  Hope this helps you guys.
>>
>>
>>     Dutch Revenboer
>>
>>     Broker Associate
>>     Metro Brokers of Oklahoma
>>     www.DreamHomesOKC.com <http://www.DreamHomesOKC.com>
>>     405-590-6563
>>
>>
>>
>>     ------------------------------------------------------------------------
>>
>>     _______________________________________________
>>     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 keith.pinster at comcast.net  Wed Jan 14 19:20:48 2009
From: keith.pinster at comcast.net (Keith R. Pinster)
Date: Wed, 14 Jan 2009 16:20:48 -0800
Subject: [5-DayForum] Will you sell your house too cheap using a 5-day sale?
In-Reply-To: <3fbb3f20901122221l1a272a39hbc98deb407b39879@mail.gmail.com>
Message-ID: <005401c976a7$1e4871d0$0702a8c0@accentinc.com>

Hi Tony,

 

I think you misunderstand the process.  I don't think Bill is saying to give
the property away.  He is saying that what you can get out of it in a 5-day
sale is all that the property is worth.  You can sit around saying "I'm not
going to sell my house THAT cheap!" all you want, but the reality is that
any commodity is only worth what someone is willing to pay for it.  That
goes for gold, silver, cars, candy bars, and houses.  What Bill is trying to
get across to people is that, no matter what you want the house to be worth
or someone tells you the house is worth, what it is really worth is what you
can get out of it in a 5-day sale.  Now, all things being equal, you can
normally get more for a house in May than you can in December, but all
things are NOT equal in the current financial climate, so holding on to your
house is a crap-shoot as to whether it will maintain its value or de-value
enough so that you will actually lose money by holding onto it even holding
on long enough to get into the better "selling time" of the year.  Things
will eventually get better, but that will probably be up to 3 or even 4
years away.  If you can hold onto your house, great, but if you are in a
situation where you have to get out, the 5-day sale is the way to go right
now.

 

Do I get the general idea right, Bill?

 

Keith - Vancouver, WA

 

 

  _____  

From: Anthony Norton [mailto:atn0930 at gmail.com] 
Sent: Monday, January 12, 2009 10:21 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Sale Results Oklahoma City

 

Bill,

I don't claim to be an expert in your game, but using your philosophy we
could just donate our house to charity and achieve the same outcome.  There
is a 'fiar' price and then there is giving the property away.  Your advice
might just as well say 'don't sell'.  I understand that some housing markets
shot up atificially but that shouldn't mean that every home on the market
should be a fire sale.

Tony

On Mon, Jan 12, 2009 at 4:38 PM, Bill Effros <bill at effros.com> wrote:

Thanks, Dutch,

Enormously helpful.

A very successful 5-Day Seller called me a couple of days ago just to let me
know he will no longer be running 5-Day Sales for sellers in denial, or
sellers simply seeking a free appraisal.

Your seller's house is not worth $160,000, and you won't find real buyers
for it at this time at that price no matter what you do.

Doubtless, you already knew that, but you were trying to find out how close
you could get.

Now you know you can't come close.

...

What does "an 11 month supply" mean?  If you moved the price of this
seller's house down to what it's going to be 11 months from now, and
advertised it for 1/2 that amount, he will sell it in 5 days right now.

...

Why don't you use magic numbers?  This house should have been offered for
$74,500, no matter how you figure it.

...

25 responses by Friday night is supposed to mean that they come from 2
classified ads in 3 days.  If the price you list is truly 1/2 the current
market value, that's all you need to get 25 responses by Friday night -- in
any market, at any time.  Failing to get this response, you simply won't get
the implied amount you are hoping for.  Artificially jacking up the number
of responses doesn't work.  It doesn't work in good times.  It doesn't work
in bad times.

25 responses by Friday night is like a "tell" in poker, or a "marker" in
medicine.  It lets you know if the buying public considers the offer so
appealing they MUST respond quickly.  It does not tell you what the buyers
think the home is worth, only that the number in the ad is wildly under the
current value in the minds of people currently looking for homes in your
area.

...

When you run a 5-Day Sale you are not looking for "traffic" -- you are
looking for real buyers.  Any home offered for 1/2 its current true price
will attract real buyers at a wide range of prices going all the way up to
the highest price anyone would pay for that home on that day.

...

Everything is much more believable if people speak to the seller instead of
you.  This seller was just seeking an appraisal, and nobody was willing to
provide it.

...

Fix n Flip can't work in crashing markets.  Don't waste your time on people
who made obvious bad choices--nobody is going to bail them out.  Why should
they.  The sooner they face the music, the less they will lose.

...

How many homes were sold last year?  Somewhere around 5 million?  That's a
whole lot of buyers, and not that many fewer than in the good times.  There
is no shortage of buyers, just fewer buyers willing to pay more than homes
are worth.  And they are worth much less than they were worth in the past.
If any seller is willing to sell at the current market price, they can do so
in 5 days.

Bill Effros, Author




Dutch Revenboer wrote: 

I ran a pretty much traditional 5-Day sale this weekend in Oklahoma City,
and followed the book fairly closely.  Ad in the major newspaper, and on
Craigslist.  Also posted on www.Postlets.com which posts to about 10 other
real estate sites.  As the Realtor, not the FSBO, I also sent an e-flyer to
about 3400 Realtors in the OKC metro area.  House had been on the market for
as high as 169K, currently listed in MLS at 159999.  Ran the ad at $79500
OBO

You can see my Craigslist posting at 
http://oklahomacity.craigslist.org/reb/984732746.html

and my postlets.com at
http://www.postlets.com/res/1648025

All phone calls went to my RingCentral message service 405-445-7215, and
then I called them back as quickly as possible to give them the address and
details on the property.

Wed  13 calls/emails from Realtors, 4 from Buyers, 2 hangups
Thu    3 calls/emails from Realtors, 0 from Buyers
Fri     0 calls/emails from Realtors, 1 from Buyers

21 responses, not counting the 2 hangups.  We were committed to the open
house anyway.

Sat     0 calls/emails from Realtors, 4 from Buyers
Sun    0 calls/emails from Realtors, 2 from Buyers, 1 hangup

In addtion, we had traditional Realtor Open House signes, and that drove
addtional traffic on Sat/Sun.  There was another Realtor Open House down the
street, so we got traffic from that as well.

5 total bids, 2 were people that just thought if fun to write something
down, and we couldn't contact them Sunday night.  One called prior to the
sale and said it was for her son and he wasn't ready to buy and withdrew her
bid.  That left 2.  Unfortunately, one was an investor looking for a "steal"
and I'm not sure why the other was involved.  High intial bid was $80,500
from the investor.  It went 6 rounds going up 500 or 1000 and I'm thinking,
"this is going to be a long night".  But the 2nd guy dropped leaving the
investor high bidder at 99,500.  I called my client knowing that $99,500 was
not acceptable, this was a fix 'n flip rehab, and they had WAY much more in
it than that.  I called the investor and explained that the bid was
unacceptable, he understood, and the sale was over.

Here is my take on the deal.  We did not get the 25 responses by Friday
night.  I'm not convinced that 4 more would have made the difference, but it
did not meet Bill's criteria.  

Why did we not get the response?  I believe that the buyers in today's
Oklahoma City market are few and far between, and in their spider-holes.  We
currently have about an 11 month supply of homes on the MLS, plus all the
FSBO.  While OKC is weathering this economic situation better than most
areas of the country, the nightly news and newspapers and other media
continue to paint a bleak picture for the entire country.  This has
developed an atmosphere of fear amongst home buyers.

The buyers that ARE out there are investors and bottom feeders, and they
KNOW the deals are there and they CAN buy properties for huge discounts.
Getting average or top dollar on a retail property today can be done, but it
is tough.

In a normal market, this price for this property should have driven 50 calls
or more.  The 2 buyers that we did get were both looking for super steals
only, not serious "retail" buyers.  

I still believe this system can work, but it's not the same old marketplace
that we were dealing with today, and not for sellers expecting top dollar. 

The above is my opinion only, worth only the price you paid for it.  Hope
this helps you guys.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

 

 






  _____  



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


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From c519512c at hotmail.com  Wed Jan 14 19:33:08 2009
From: c519512c at hotmail.com (kenneth dilkes)
Date: Wed, 14 Jan 2009 19:33:08 -0500
Subject: [5-DayForum] need help in buying a home in the sarasota/venice
	area
In-Reply-To: <4963ABBE.2060300@effros.com>
References: <4963ABBE.2060300@effros.com>
Message-ID: <SNT101-W81F45AC9DEA2213D78CB21C4D70@phx.gbl>


i have friends moving into this area and they probably could use some help securing housing...don't want to clog the forum, so if anyone can give me a heads up, please contact me directly @ c519512c at html....thanks...ken> Date: Tue, 6 Jan 2009 14:06:38 -0500> From: bill at effros.com> To: 5-dayforum at mailman.howtosellyourhomein5days.com> Subject: [5-DayForum] How To Unsubscribe -- Scott Ames Version> > 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> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum> > 2. Scroll to the bottom where it says "5-DayForum Subscribers"> > 3. Enter your email address> > 4. Press: Unsubscribe or edit options> > 5. Press the Unsubscribe Button> > > _______________________________________________> 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 Jan 14 23:07:46 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 14 Jan 2009 23:07:46 -0500
Subject: [5-DayForum] Will you sell your house too cheap using a 5-day
 sale?
In-Reply-To: <005401c976a7$1e4871d0$0702a8c0@accentinc.com>
References: <005401c976a7$1e4871d0$0702a8c0@accentinc.com>
Message-ID: <496EB692.4030206@effros.com>

Thanks, Keith,

Yes, you've got it right except for one thing.

It turns out that you can't get more for a house in May than you can in 
December if the market is going up.

Let's think this through.  If the market is going up, and home values 
are increasing 12% a year (to keep the math simple) and December is 7 
months later than May...the identical home should sell for roughly 7% 
more in December than it sold for in May.  And it does.

That's the real reason people "wait" for 6 months before selling their 
homes.  In May they believe their homes are worth more than they can 
get. So they wait until December to "find" a buyer.  But what has really 
happened is that rising prices have climbed to a level where the seller 
is comfortable.

However, the exact reverse is true when markets are falling.  If home 
values are falling 12% a year, people will get 5% less in May than they 
could have received the previous December.  In falling markets "waiting" 
hurts.

It is true more homes are sold in May than December, but this is not 
because prices fall due to the seasons.

The 5-Day Method enables you to get the best price in the current market 
whether the market is rising or falling.  If you believe the market is 
falling you should use the 5-Day Method to sell your home immediately.  
If you believe the market is rising, you should wait until the last 
possible moment to sell your house using the 5-Day Method.

As for the rest, you nailed it!  Thanks.

Bill Effros, Author

Keith R. Pinster wrote:
>
> Hi Tony,
>
>  
>
> I think you misunderstand the process.  I don't think Bill is saying 
> to give the property away.  He is saying that what you can get out of 
> it in a 5-day sale is all that the property is worth.  You can sit 
> around saying "I'm not going to sell my house THAT cheap!" all you 
> want, but the reality is that any commodity is only worth what someone 
> is willing to pay for it.  That goes for gold, silver, cars, candy 
> bars, and houses.  What Bill is trying to get across to people is 
> that, no matter what you /want/ the house to be worth or someone 
> /tells/ you the house is worth, what it is /really/ worth is what you 
> can get out of it in a 5-day sale.  Now, all things being equal, you 
> can normally get more for a house in May than you can in December, but 
> all things are NOT equal in the current financial climate, so holding 
> on to your house is a crap-shoot as to whether it will maintain its 
> value or de-value enough so that you will actually lose money by 
> holding onto it even holding on long enough to get into the better 
> "selling time" of the year.  Things will eventually get better, but 
> that will probably be up to 3 or even 4 years away.  If you can hold 
> onto your house, great, but if you are in a situation where you have 
> to get out, the 5-day sale is the way to go right now.
>
>  
>
> Do I get the general idea right, Bill?
>
>  
>
> Keith -- Vancouver, WA
>
>  
>
>  
>
> ------------------------------------------------------------------------
>
> *From:* Anthony Norton [mailto:atn0930 at gmail.com]
> *Sent:* Monday, January 12, 2009 10:21 PM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] Sale Results Oklahoma City
>
>  
>
> Bill,
>
> I don't claim to be an expert in your game, but using your philosophy 
> we could just donate our house to charity and achieve the same 
> outcome.  There is a 'fiar' price and then there is giving the 
> property away.  Your advice might just as well say 'don't sell'.  I 
> understand that some housing markets shot up atificially but that 
> shouldn't mean that every home on the market should be a fire sale.
>
> Tony
>
> On Mon, Jan 12, 2009 at 4:38 PM, Bill Effros <bill at effros.com 
> <mailto:bill at effros.com>> wrote:
>
> Thanks, Dutch,
>
> Enormously helpful.
>
> A very successful 5-Day Seller called me a couple of days ago just to 
> let me know he will no longer be running 5-Day Sales for sellers in 
> denial, or sellers simply seeking a free appraisal.
>
> Your seller's house is not worth $160,000, and you won't find real 
> buyers for it at this time at that price no matter what you do.
>
> Doubtless, you already knew that, but you were trying to find out how 
> close you could get.
>
> Now you know you can't come close.
>
> ...
>
> What does "an 11 month supply" mean?  If you moved the price of this 
> seller's house down to what it's going to be 11 months from now, and 
> advertised it for 1/2 that amount, he will sell it in 5 days right now.
>
> ...
>
> Why don't you use magic numbers?  This house should have been offered 
> for $74,500, no matter how you figure it.
>
> ...
>
> 25 responses by Friday night is supposed to mean that they come from 2 
> classified ads in 3 days.  If the price you list is truly 1/2 the 
> current market value, that's all you need to get 25 responses by 
> Friday night -- in any market, at any time.  Failing to get this 
> response, you simply won't get the implied amount you are hoping for.  
> Artificially jacking up the number of responses doesn't work.  It 
> doesn't work in good times.  It doesn't work in bad times.
>
> 25 responses by Friday night is like a "tell" in poker, or a "marker" 
> in medicine.  It lets you know if the buying public considers the 
> offer so appealing they MUST respond quickly.  It does not tell you 
> what the buyers think the home is worth, only that the number in the 
> ad is wildly under the current value in the minds of people currently 
> looking for homes in your area.
>
> ...
>
> When you run a 5-Day Sale you are not looking for "traffic" -- you are 
> looking for real buyers.  Any home offered for 1/2 its current true 
> price will attract real buyers at a wide range of prices going all the 
> way up to the highest price anyone would pay for that home on that day.
>
> ...
>
> Everything is much more believable if people speak to the seller 
> instead of you.  This seller was just seeking an appraisal, and nobody 
> was willing to provide it.
>
> ...
>
> Fix n Flip can't work in crashing markets.  Don't waste your time on 
> people who made obvious bad choices--nobody is going to bail them 
> out.  Why should they.  The sooner they face the music, the less they 
> will lose.
>
> ...
>
> How many homes were sold last year?  Somewhere around 5 million?  
> That's a whole lot of buyers, and not that many fewer than in the good 
> times.  There is no shortage of buyers, just fewer buyers willing to 
> pay more than homes are worth.  And they are worth much less than they 
> were worth in the past.  If any seller is willing to sell at the 
> current market price, they can do so in 5 days.
>
> Bill Effros, Author
>
>
>
>
> Dutch Revenboer wrote:
>
> I ran a pretty much traditional 5-Day sale this weekend in Oklahoma 
> City, and followed the book fairly closely.  Ad in the major 
> newspaper, and on Craigslist.  Also posted on www.Postlets.com 
> <http://www.Postlets.com> which posts to about 10 other real estate 
> sites.  As the Realtor, not the FSBO, I also sent an e-flyer to about 
> 3400 Realtors in the OKC metro area.  House had been on the market for 
> as high as 169K, currently listed in MLS at 159999.  Ran the ad at 
> $79500 OBO
>
> You can see my Craigslist posting at
> http://oklahomacity.craigslist.org/reb/984732746.html
>
> and my postlets.com <http://postlets.com> at
> http://www.postlets.com/res/1648025
>
> All phone calls went to my RingCentral message service 405-445-7215, 
> and then I called them back as quickly as possible to give them the 
> address and details on the property.
>
> Wed  13 calls/emails from Realtors, 4 from Buyers, 2 hangups
> Thu    3 calls/emails from Realtors, 0 from Buyers
> Fri     0 calls/emails from Realtors, 1 from Buyers
>
> 21 responses, not counting the 2 hangups.  We were committed to the 
> open house anyway.
>
> Sat     0 calls/emails from Realtors, 4 from Buyers
> Sun    0 calls/emails from Realtors, 2 from Buyers, 1 hangup
>
> In addtion, we had traditional Realtor Open House signes, and that 
> drove addtional traffic on Sat/Sun.  There was another Realtor Open 
> House down the street, so we got traffic from that as well.
>
> 5 total bids, 2 were people that just thought if fun to write 
> something down, and we couldn't contact them Sunday night.  One called 
> prior to the sale and said it was for her son and he wasn't ready to 
> buy and withdrew her bid.  That left 2.  Unfortunately, one was an 
> investor looking for a "steal" and I'm not sure why the other was 
> involved.  High intial bid was $80,500 from the investor.  It went 6 
> rounds going up 500 or 1000 and I'm thinking, "this is going to be a 
> long night".  But the 2nd guy dropped leaving the investor high bidder 
> at 99,500.  I called my client knowing that $99,500 was not 
> acceptable, this was a fix 'n flip rehab, and they had WAY much more 
> in it than that.  I called the investor and explained that the bid was 
> unacceptable, he understood, and the sale was over.
>
> Here is my take on the deal.  We did not get the 25 responses by 
> Friday night.  I'm not convinced that 4 more would have made the 
> difference, but it did not meet Bill's criteria. 
>
> Why did we not get the response?  I believe that the buyers in today's 
> Oklahoma City market are few and far between, and in their 
> spider-holes.  We currently have about an 11 month supply of homes on 
> the MLS, plus all the FSBO.  While OKC is weathering this economic 
> situation better than most areas of the country, the nightly news and 
> newspapers and other media continue to paint a bleak picture for the 
> entire country.  This has developed an atmosphere of fear amongst home 
> buyers.
>
> The buyers that ARE out there are investors and bottom feeders, and 
> they KNOW the deals are there and they CAN buy properties for huge 
> discounts.  Getting average or top dollar on a retail property today 
> can be done, but it is tough.
>
> In a normal market, this price for this property should have driven 50 
> calls or more.  The 2 buyers that we did get were both looking for 
> super steals only, not serious "retail" buyers. 
>
> I still believe this system can work, but it's not the same old 
> marketplace that we were dealing with today, and not for sellers 
> expecting top dollar.
>
> The above is my opinion only, worth only the price you paid for it.  
> Hope this helps you guys.
>
>
> Dutch Revenboer
>
> Broker Associate
> Metro Brokers of Oklahoma
> www.DreamHomesOKC.com <http://www.DreamHomesOKC.com>
> 405-590-6563
>
>      
>
>  
>
>
>
> ------------------------------------------------------------------------
>
>
>  
> _______________________________________________
> 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 Beth.Stone at ci.eau-claire.wi.us  Thu Jan 15 09:42:56 2009
From: Beth.Stone at ci.eau-claire.wi.us (Beth Stone)
Date: Thu, 15 Jan 2009 08:42:56 -0600
Subject: [5-DayForum] selling my house
Message-ID: <496EF710.2798.00C9.3@ci.eau-claire.wi.us>

Anyone ever sell a double wide mobile home this way?




From bill at effros.com  Thu Jan 15 09:51:45 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 15 Jan 2009 09:51:45 -0500
Subject: [5-DayForum] selling my house
In-Reply-To: <496EF710.2798.00C9.3@ci.eau-claire.wi.us>
References: <496EF710.2798.00C9.3@ci.eau-claire.wi.us>
Message-ID: <496F4D81.1050306@effros.com>

Yes,

But the price you can get will be disappointing.

The dealers will compete with you for customers, offering brand new 
double-wides to new customers for a fraction of the price you paid.  
They have to get rid of their inventory, too.

Buyers will check the new prices before bidding on your double wide, and 
they certainly won't pay more than they can pay for new.

Bill Effros, Author



Beth Stone wrote:
> Anyone ever sell a double wide mobile home this way?
>
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>   

From bill at effros.com  Thu Jan 15 09:55:31 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 15 Jan 2009 09:55:31 -0500
Subject: [5-DayForum] How To Subscribe
Message-ID: <496F4E63.3080508@effros.com>

In order to immediately post to the Forum without moderator approval, or
to get full access to the archives, you must subscribe to the 5-DayForum.

If you want to subscribe to the 5-DayForum you must do it for yourself.

1.  Go to the main website:

www.5-DayForum.com

2.  Click on the blue word "Subscribe" 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

PS -- When you are ready to unsubscribe, the process is exactly the 
same--You must unsubscribe yourself, no one else can do it for you.





From bill at effros.com  Thu Jan 15 09:58:13 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 15 Jan 2009 09:58:13 -0500
Subject: [5-DayForum] Vacation Mode
Message-ID: <496F4F05.5010604@effros.com>

If you want to remain a member of this list without getting any mail,
you can switch to "Vacation" mode.  You will retain your membership
status (ability to view all archives and download; ability to post
directly to the Forum without a moderator review) and you will be able
to change back to any non-vacation mode at will.

1.  Go to the main website:

www.5-DayForum.com

2.  Click on the blue words "Your Account" on the left side of the home
page.

3.  Fill in the email address of your subscription in the box provided
for "Unsubscribe or edit options" at the bottom of the page.

4.  Disable the "Mail Delivery" box.


Please note, you can change several other options to make the 5-Day
Forum work better for you.  You can switch the options back and forth at
any time.


Bill Effros



From bill at effros.com  Thu Jan 15 09:59:27 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 15 Jan 2009 09:59:27 -0500
Subject: [5-DayForum] Digest Mode
Message-ID: <496F4F4F.5070402@effros.com>

If you are getting too much email from this list, you can switch to
"Digest" mode--a single email containing all the email sent back and
forth since the previous digest.


1.  Go to the main website:

www.5-DayForum.com

2.  Click on the blue words "Your Account" on the left side of the home
page.

3.  Fill in the email address of your subscription in the box provided
for "Unsubscribe or edit options" at the bottom of the page.

4.  Follow the instructions.


Please note, you can change several other options to make the 5-Day
Forum work better for you.  You can switch the options back and forth at
will, at any time.


Bill Effros, Author




From bill at effros.com  Thu Jan 15 10:02:18 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 15 Jan 2009 10:02:18 -0500
Subject: [5-DayForum] Why Can't I Post?
Message-ID: <496F4FFA.1020508@effros.com>

You must join the 5-Day Forum to freely post.

Each message posted by non-members must first be cleared by me.  This is
how I filter out the spammers.  Sometimes I'm not on top of all messages
posted to the Forum, so a message waits for me to find it before going
through.

Even after you become a member, the first time you post, it must go
through me.  If I remember to clear your "moderator" flag, all
subsequent posts go directly to the Forum, without waiting for my
approval.  I remember most of the time.

If you are in "Digest" mode, you won't know you have posted until you
get the next Digest.

Once you're a member of the Forum, you can change your subscription
around to suit yourself.  You can go into digest mode so you only get
one e-mail a day.  You can go into vacation mode, so you don't get any
e-mail, but you retain the ability to post to the list when you choose
to do so.

If you look in the subject line and it says within brackets "5-DayForum"
that means it came through the list server, and everyone else on the
list got the same message.

If your e-mail is not posting, even after you're on the list, send
yourself a carbon copy at the same time you send to the list.  If you
don't get the copy, the problem is on your end.  If you do get the copy,
but the email doesn't post to the Forum, it is likely it really did post
to the Forum, as well, and you should get a reply at some point if you
wait, or look around in your own computer.

Check the security settings on your computer.  Because of the high
volume of email, some spam filters will identify the 5-DayForum as spam,
and throw some stuff into your junk folder.  If you find some 5-DayForum
email in your junk folder, set your spam filter to accept all incoming
email from "www.5-DayForum.com".

If my server goes down, which sometimes happens, you won't get
any 5-DayForum email from anyone until we fix my server on my end.  At
that point, you'll get everything posted while we were down.  The server
isn't smart enough to arbitrarily discriminate against you.

Bill Effros, 5-DayForum List Administrator




From keith.pinster at comcast.net  Thu Jan 15 13:25:54 2009
From: keith.pinster at comcast.net (Keith R. Pinster)
Date: Thu, 15 Jan 2009 10:25:54 -0800
Subject: [5-DayForum] Will you sell your house too cheap using a
	5-daysale?
In-Reply-To: <496EB692.4030206@effros.com>
Message-ID: <004a01c9773e$b46bef60$0702a8c0@accentinc.com>

Actually, the reason I was saying that you can get more in May than in
December (and I did say "all things being equal") is because there are more
house buyers in spring than in the winter.  You get more competition, that
tends to drive up the price.

 

But that is ONLY for a flat market and not taking into account holding
costs.  As you have been pointing out for quite some time, the market isn't
flat, so you may wait until May, but if the housing prices drop enough
between now and then (and the trend tends to indicate it will), you may get
more people, but still get a lower price.  Plus, even if you can get more 4
or 5 months down the road, you have to take into account holding costs if it
is a property that you can't afford to keep.

 

Keith

 

  _____  

From: Bill Effros [mailto:bill at effros.com] 
Sent: Wednesday, January 14, 2009 8:08 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Will you sell your house too cheap using a
5-daysale?

 

Thanks, Keith,

Yes, you've got it right except for one thing.

It turns out that you can't get more for a house in May than you can in
December if the market is going up.

Let's think this through.  If the market is going up, and home values are
increasing 12% a year (to keep the math simple) and December is 7 months
later than May...the identical home should sell for roughly 7% more in
December than it sold for in May.  And it does.

That's the real reason people "wait" for 6 months before selling their
homes.  In May they believe their homes are worth more than they can get. So
they wait until December to "find" a buyer.  But what has really happened is
that rising prices have climbed to a level where the seller is comfortable.

However, the exact reverse is true when markets are falling.  If home values
are falling 12% a year, people will get 5% less in May than they could have
received the previous December.  In falling markets "waiting" hurts.

It is true more homes are sold in May than December, but this is not because
prices fall due to the seasons.

The 5-Day Method enables you to get the best price in the current market
whether the market is rising or falling.  If you believe the market is
falling you should use the 5-Day Method to sell your home immediately.  If
you believe the market is rising, you should wait until the last possible
moment to sell your house using the 5-Day Method.

As for the rest, you nailed it!  Thanks.

Bill Effros, Author

Keith R. Pinster wrote: 

Hi Tony,

 

I think you misunderstand the process.  I don't think Bill is saying to give
the property away.  He is saying that what you can get out of it in a 5-day
sale is all that the property is worth.  You can sit around saying "I'm not
going to sell my house THAT cheap!" all you want, but the reality is that
any commodity is only worth what someone is willing to pay for it.  That
goes for gold, silver, cars, candy bars, and houses.  What Bill is trying to
get across to people is that, no matter what you want the house to be worth
or someone tells you the house is worth, what it is really worth is what you
can get out of it in a 5-day sale.  Now, all things being equal, you can
normally get more for a house in May than you can in December, but all
things are NOT equal in the current financial climate, so holding on to your
house is a crap-shoot as to whether it will maintain its value or de-value
enough so that you will actually lose money by holding onto it even holding
on long enough to get into the better "selling time" of the year.  Things
will eventually get better, but that will probably be up to 3 or even 4
years away.  If you can hold onto your house, great, but if you are in a
situation where you have to get out, the 5-day sale is the way to go right
now.

 

Do I get the general idea right, Bill?

 

Keith - Vancouver, WA

 

 

  _____  

From: Anthony Norton [mailto:atn0930 at gmail.com] 
Sent: Monday, January 12, 2009 10:21 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Sale Results Oklahoma City

 

Bill,

I don't claim to be an expert in your game, but using your philosophy we
could just donate our house to charity and achieve the same outcome.  There
is a 'fiar' price and then there is giving the property away.  Your advice
might just as well say 'don't sell'.  I understand that some housing markets
shot up atificially but that shouldn't mean that every home on the market
should be a fire sale.

Tony

On Mon, Jan 12, 2009 at 4:38 PM, Bill Effros <bill at effros.com> wrote:

Thanks, Dutch,

Enormously helpful.

A very successful 5-Day Seller called me a couple of days ago just to let me
know he will no longer be running 5-Day Sales for sellers in denial, or
sellers simply seeking a free appraisal.

Your seller's house is not worth $160,000, and you won't find real buyers
for it at this time at that price no matter what you do.

Doubtless, you already knew that, but you were trying to find out how close
you could get.

Now you know you can't come close.

...

What does "an 11 month supply" mean?  If you moved the price of this
seller's house down to what it's going to be 11 months from now, and
advertised it for 1/2 that amount, he will sell it in 5 days right now.

...

Why don't you use magic numbers?  This house should have been offered for
$74,500, no matter how you figure it.

...

25 responses by Friday night is supposed to mean that they come from 2
classified ads in 3 days.  If the price you list is truly 1/2 the current
market value, that's all you need to get 25 responses by Friday night -- in
any market, at any time.  Failing to get this response, you simply won't get
the implied amount you are hoping for.  Artificially jacking up the number
of responses doesn't work.  It doesn't work in good times.  It doesn't work
in bad times.

25 responses by Friday night is like a "tell" in poker, or a "marker" in
medicine.  It lets you know if the buying public considers the offer so
appealing they MUST respond quickly.  It does not tell you what the buyers
think the home is worth, only that the number in the ad is wildly under the
current value in the minds of people currently looking for homes in your
area.

...

When you run a 5-Day Sale you are not looking for "traffic" -- you are
looking for real buyers.  Any home offered for 1/2 its current true price
will attract real buyers at a wide range of prices going all the way up to
the highest price anyone would pay for that home on that day.

...

Everything is much more believable if people speak to the seller instead of
you.  This seller was just seeking an appraisal, and nobody was willing to
provide it.

...

Fix n Flip can't work in crashing markets.  Don't waste your time on people
who made obvious bad choices--nobody is going to bail them out.  Why should
they.  The sooner they face the music, the less they will lose.

...

How many homes were sold last year?  Somewhere around 5 million?  That's a
whole lot of buyers, and not that many fewer than in the good times.  There
is no shortage of buyers, just fewer buyers willing to pay more than homes
are worth.  And they are worth much less than they were worth in the past.
If any seller is willing to sell at the current market price, they can do so
in 5 days.

Bill Effros, Author




Dutch Revenboer wrote: 

I ran a pretty much traditional 5-Day sale this weekend in Oklahoma City,
and followed the book fairly closely.  Ad in the major newspaper, and on
Craigslist.  Also posted on www.Postlets.com which posts to about 10 other
real estate sites.  As the Realtor, not the FSBO, I also sent an e-flyer to
about 3400 Realtors in the OKC metro area.  House had been on the market for
as high as 169K, currently listed in MLS at 159999.  Ran the ad at $79500
OBO

You can see my Craigslist posting at 
http://oklahomacity.craigslist.org/reb/984732746.html

and my postlets.com at
http://www.postlets.com/res/1648025

All phone calls went to my RingCentral message service 405-445-7215, and
then I called them back as quickly as possible to give them the address and
details on the property.

Wed  13 calls/emails from Realtors, 4 from Buyers, 2 hangups
Thu    3 calls/emails from Realtors, 0 from Buyers
Fri     0 calls/emails from Realtors, 1 from Buyers

21 responses, not counting the 2 hangups.  We were committed to the open
house anyway.

Sat     0 calls/emails from Realtors, 4 from Buyers
Sun    0 calls/emails from Realtors, 2 from Buyers, 1 hangup

In addtion, we had traditional Realtor Open House signes, and that drove
addtional traffic on Sat/Sun.  There was another Realtor Open House down the
street, so we got traffic from that as well.

5 total bids, 2 were people that just thought if fun to write something
down, and we couldn't contact them Sunday night.  One called prior to the
sale and said it was for her son and he wasn't ready to buy and withdrew her
bid.  That left 2.  Unfortunately, one was an investor looking for a "steal"
and I'm not sure why the other was involved.  High intial bid was $80,500
from the investor.  It went 6 rounds going up 500 or 1000 and I'm thinking,
"this is going to be a long night".  But the 2nd guy dropped leaving the
investor high bidder at 99,500.  I called my client knowing that $99,500 was
not acceptable, this was a fix 'n flip rehab, and they had WAY much more in
it than that.  I called the investor and explained that the bid was
unacceptable, he understood, and the sale was over.

Here is my take on the deal.  We did not get the 25 responses by Friday
night.  I'm not convinced that 4 more would have made the difference, but it
did not meet Bill's criteria.  

Why did we not get the response?  I believe that the buyers in today's
Oklahoma City market are few and far between, and in their spider-holes.  We
currently have about an 11 month supply of homes on the MLS, plus all the
FSBO.  While OKC is weathering this economic situation better than most
areas of the country, the nightly news and newspapers and other media
continue to paint a bleak picture for the entire country.  This has
developed an atmosphere of fear amongst home buyers.

The buyers that ARE out there are investors and bottom feeders, and they
KNOW the deals are there and they CAN buy properties for huge discounts.
Getting average or top dollar on a retail property today can be done, but it
is tough.

In a normal market, this price for this property should have driven 50 calls
or more.  The 2 buyers that we did get were both looking for super steals
only, not serious "retail" buyers.  

I still believe this system can work, but it's not the same old marketplace
that we were dealing with today, and not for sellers expecting top dollar. 

The above is my opinion only, worth only the price you paid for it.  Hope
this helps you guys.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

 

 

 
 





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


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From lbicon at aol.com  Thu Jan 15 13:51:52 2009
From: lbicon at aol.com (lbicon at aol.com)
Date: Thu, 15 Jan 2009 13:51:52 -0500
Subject: [5-DayForum] Will you sell your house too cheap using a
	5-daysale?
In-Reply-To: <004a01c9773e$b46bef60$0702a8c0@accentinc.com>
Message-ID: <8CB4559768E253F-1790-84F@mblk-d20.sysops.aol.com>

Historically sellers get 93% of last asking price in Dec. of any year. They have typically gotten 97% of last asking price in May. Sellers typically drop their asking prices more in Dec. also.

Just a FYI. In San Diego County Median prices were up 4.5% Dec. over Nov. 2008. This confirms what I have been experiencing with my clients?very tight inventories of existing homes and multiple offers on homes that are in good neighborhoods priced below $400,000. Prices are down about 40% from a high in early 2006. Currently,there area lot of buyers out there looking for bargains.

All the best,

Conrad Kuiken
House Hunter Realty and FSBO Guide
www.househunter.com



-----Original Message-----
From: Keith R. Pinster <keith.pinster at comcast.net>
To: 'How To Sell Your Home in 5-Days' <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thu, 15 Jan 2009 10:25 am
Subject: Re: [5-DayForum] Will you sell your house too cheap using a 5-daysale?




Actually, the reason I was saying that you can get more in May than in December (and I did say ?all things being equal?) is because there are more house buyers in spring than in the winter.? You get more competition, that tends to drive up the price.

?

But that is ONLY for a flat market and not taking into account holding costs.? As you have been pointing out for quite some time, the market isn?t flat, so you may wait until May, but if the housing prices drop enough between now and then (and the trend tends to indicate it wil
l), you may get more people, but still get a lower price.? Plus, even if you can get more 4 or 5 months down the road, you have to take into account holding costs if it is a property that you can?t afford to keep.

?

Keith

?




From: Bill Effros [mailto:bill at effros.com] 
Sent: Wednesday, January 14, 2009 8:08 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Will you sell your house too cheap using a 5-daysale?


?

Thanks, Keith,

Yes, you've got it right except for one thing.

It turns out that you can't get more for a house in May than you can in December if the market is going up.

Let's think this through.? If the market is going up, and home values are increasing 12% a year (to keep the math simple) and December is 7 months later than May...the identical home should sell for roughly 7% more in December than it sold for in May.? And it does.

That's the real reason people "wait" for 6 months before selling their homes.? In May they believe their homes are worth more than they can get. So they wait until December to "find" a buyer.? But what has really happened is that rising prices have climbed to a level where the seller is comfortable.

However, the exact reverse is true when markets are falling.? If home values are falling 12% a year, people will get 5% less in May than they could have received the previous December.? In falling markets "waiting" hurts.

It is true more homes are20sold in May than December, but this is not because prices fall due to the seasons.

The 5-Day Method enables you to get the best price in the current market whether the market is rising or falling.? If you believe the market is falling you should use the 5-Day Method to sell your home immediately.? If you believe the market is rising, you should wait until the last possible moment to sell your house using the 5-Day Method.

As for the rest, you nailed it!? Thanks.

Bill Effros, Author

Keith R. Pinster wrote: 

Hi Tony,

?

I think you misunderstand the process.? I don?t think Bill is saying to give the property away.? He is saying that what you can get out of it in a 5-day sale is all that the property is worth.? You can sit around saying ?I?m not going to sell my house THAT cheap!? all you want, but the reality is that any commodity is only worth what someone is willing to pay for it.? That goes for gold, silver, cars, candy bars, and houses.? What Bill is trying to get across to people is that, no matter what you want the house to be worth or someone tells you the house is worth, what it is really worth is what you can get out of it in a 5-day sale.? Now, all things being equal, you can normally get more for a house in May than you can in December, but all things are NOT equal in the current financial climate, so holding on to your house is a crap-shoot as to whether it will main
tain its value or de-value enough so that you will actually lose money by holding onto it even holding on long enough to get into the better ?selling time? of the year.? Things will eventually get better, but that will probably be up to 3 or even 4 years away.? If you can hold onto your house, great, but if you are in a situation where you have to get out, the 5-day sale is the way to go right now.

?

Do I get the general idea right, Bill?

?

Keith ? Vancouver, WA

?

?




From: Anthony Norton [mailto:atn0930 at gmail.com] 
Sent: Monday, January 12, 2009 10:21 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Sale Results Oklahoma City


?

Bill,

I don't claim to be an expert in your game, but using your philosophy we could just donate our house to charity and achieve the same outcome.? There is a 'fiar' price and then there is giving the property away.? Your advice might just as well say 'don't sell'.? I understand that some housing markets shot up atificially but that shouldn't mean that every home on the market should be a fire sale.

Tony


On Mon, Jan 12, 2009 at 4:38 PM, Bill Effros <bill at effros.com> wrote:


Thanks, Dutch,

Enormously helpful.

A very successful 5-Day Seller called me a couple of days ago just to let me know he will no longer be running 5-Day Sales for sellers in denial, or sellers simply seeking a free appraisal.

Your seller's house is not worth $16
0,000, and you won't find real buyers for it at this time at that price no matter what you do.

Doubtless, you already knew that, but you were trying to find out how close you could get.

Now you know you can't come close.

...

What does "an 11 month supply" mean?? If you moved the price of this seller's house down to what it's going to be 11 months from now, and advertised it for 1/2 that amount, he will sell it in 5 days right now.

...

Why don't you use magic numbers?? This house should have been offered for $74,500, no matter how you figure it.

...

25 responses by Friday night is supposed to mean that they come from 2 classified ads in 3 days.? If the price you list is truly 1/2 the current market value, that's all you need to get 25 responses by Friday night -- in any market, at any time.? Failing to get this response, you simply won't get the implied amount you are hoping for.? Artificially jacking up the number of responses doesn't work.? It doesn't work in good times.? It doesn't work in bad times.

25 responses by Friday night is like a "tell" in poker, or a "marker" in medicine.? It lets you know if the buying public considers the offer so appealing they MUST respond quickly.? It does not tell you what the buyers think the home is worth, only that the number in the ad is wildly under the current value in the minds of people currently looking for homes in your area.

...

When you run a 5-Day Sale20you are not looking for "traffic" -- you are looking for real buyers.? Any home offered for 1/2 its current true price will attract real buyers at a wide range of prices going all the way up to the highest price anyone would pay for that home on that day.

...

Everything is much more believable if people speak to the seller instead of you.? This seller was just seeking an appraisal, and nobody was willing to provide it.

...

Fix n Flip can't work in crashing markets.? Don't waste your time on people who made obvious bad choices--nobody is going to bail them out.? Why should they.? The sooner they face the music, the less they will lose.

...

How many homes were sold last year?? Somewhere around 5 million?? That's a whole lot of buyers, and not that many fewer than in the good times.? There is no shortage of buyers, just fewer buyers willing to pay more than homes are worth.? And they are worth much less than they were worth in the past.? If any seller is willing to sell at the current market price, they can do so in 5 days.

Bill Effros, Author




Dutch Revenboer wrote: 



I ran a pretty much traditional 5-Day sale this weekend in Oklahoma City, and followed the book fairly closely.? Ad in the major newspaper, and on Craigslist.? Also posted on www.Postlets.com which posts to about 10 other real estate sites.? As the Realtor, not the FSBO, I also sent an e-flyer to about 3400 Realtors in the OKC metro20area.? House had been on the market for as high as 169K, currently listed in MLS at 159999.? Ran the ad at $79500 OBO

You can see my Craigslist posting at 
http://oklahomacity.craigslist.org/reb/984732746.html

and my postlets.com at
http://www.postlets.com/res/1648025

All phone calls went to my RingCentral message service 405-445-7215, and then I called them back as quickly as possible to give them the address and details on the property.

Wed? 13 calls/emails from Realtors, 4 from Buyers, 2 hangups
Thu??? 3 calls/emails from Realtors, 0 from Buyers
Fri???? 0 calls/emails from Realtors, 1 from Buyers

21 responses, not counting the 2 hangups.? We were committed to the open house anyway.

Sat???? 0 calls/emails from Realtors, 4 from Buyers
Sun??? 0 calls/emails from Realtors, 2 from Buyers, 1 hangup

In addtion, we had traditional Realtor Open House signes, and that drove addtional traffic on Sat/Sun.? There was another Realtor Open House down the street, so we got traffic from that as well.

5 total bids, 2 were people that just thought if fun to write something down, and we couldn't contact them Sunday night.? One called prior to the sale and said it was for her son and he wasn't ready to buy and withdrew her bid.? That left 2.? Unfortunately, one was an investor looking for a "steal" and I'm not sure why the other was involved.? High intial bid was $80,500 from the investor.? It went 6 rounds going up=2
0500 or 1000 and I'm thinking, "this is going to be a long night".? But the 2nd guy dropped leaving the investor high bidder at 99,500.? I called my client knowing that $99,500 was not acceptable, this was a fix 'n flip rehab, and they had WAY much more in it than that.? I called the investor and explained that the bid was unacceptable, he understood, and the sale was over.

Here is my take on the deal.? We did not get the 25 responses by Friday night.? I'm not convinced that 4 more would have made the difference, but it did not meet Bill's criteria.? 

Why did we not get the response?? I believe that the buyers in today's Oklahoma City market are few and far between, and in their spider-holes.? We currently have about an 11 month supply of homes on the MLS, plus all the FSBO.? While OKC is weathering this economic situation better than most areas of the country, the nightly news and newspapers and other media continue to paint a bleak picture for the entire country.? This has developed an atmosphere of fear amongst home buyers.

The buyers that ARE out there are investors and bottom feeders, and they KNOW the deals are there and they CAN buy properties for huge discounts.? Getting average or top dollar on a retail property today can be done, but it is tough.

In a normal market, this price for this property should have driven 50 calls or more.? The 2 buyers that we did get were both looking for super steals only, not serio
us "retail" buyers.? 

I still believe this system can work, but it's not the same old marketplace that we were dealing with today, and not for sellers expecting top dollar. 

The above is my opinion only, worth only the price you paid for it.? Hope this helps you guys.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563



?



?



?

?




?

?

?

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5-DayForum at mailman.howtosellyourhomein5days.com

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?




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From lisdy4 at gmail.com  Thu Jan 15 13:10:06 2009
From: lisdy4 at gmail.com (lis dy)
Date: Thu, 15 Jan 2009 10:10:06 -0800
Subject: [5-DayForum] Does Rent House in 5 days work in Lee County FL ?
Message-ID: <40fa729a0901151010s6af4e7adm2db1933fb66ff89b@mail.gmail.com>

We have a house where our renters are leaving and we
want to rent fast. It is an area with lots of vacancies,
foreclosures and short sales.
What do you think , Bill ?
Anyone who might have tried it :--)) Thanks , Lisa
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From securedproperties at ameritech.net  Thu Jan 15 22:27:38 2009
From: securedproperties at ameritech.net (Secured Property Investments)
Date: Thu, 15 Jan 2009 21:27:38 -0600
Subject: [5-DayForum] Selling a fully rented 3 unit building
Message-ID: <56F1275930CF4297900DC97FF3FAD093@mdachotaPC>

Hi,

Having read the book, I have a question.  How can I apply the system to sell a fully rented 3 unit building?  I have detailed verifiable income/expense analysis and extensive pictures.  I don't know the feasibility of having an open house for two days with the cooperation of the existing tenants (vacating the premises, securing valuables, making their units clean and highly presentable).  Not to mention security, for their property and belongings.  Has anyone used the 5 day method to sell a multi-unit that is fully occupied.  Another possible challenge is since the units are all rented, any buyers that want to be an owner occupant would not be interested in the property.  The owner occupant was the primary focus of the original marketing plan that did not produce the intended buyer.

Thank you,

Mark @ Norkat Properties

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From bill at effros.com  Fri Jan 16 00:04:11 2009
From: bill at effros.com (Bill Effros)
Date: Fri, 16 Jan 2009 00:04:11 -0500
Subject: [5-DayForum] Selling a fully rented 3 unit building
In-Reply-To: <56F1275930CF4297900DC97FF3FAD093@mdachotaPC>
References: <56F1275930CF4297900DC97FF3FAD093@mdachotaPC>
Message-ID: <4970154B.7080307@effros.com>

Mark,

It's been tried with not much success.  It's hard to find 25 potential 
buyers for investment property in 3 days, even in good times.  Now, it's 
extremely unlikely, and equally unlikely that the seller is prepared to 
sell at a price that buyers would find attractive in this climate.

Investors are looking for property at 10 times rent.

On both coasts sellers are looking for 30 times rent.

Rents will increase, and selling prices will go down until properties 
start selling in the 10-15 times rent range.

To run a 5 Day sale at this time I would imagine you should offer the 
property at 5 times rent.  If that doesn't bring them out (25 by Friday 
night) nothing will, and you should abandon this idea...at least for now.

Bill Effros, Author


Secured Property Investments wrote:
> Hi,
>  
> Having read the book, I have a question.  How can I apply the system 
> to sell a fully rented 3 unit building?  I have detailed verifiable 
> income/expense analysis and extensive pictures.  I don't know the 
> feasibility of having an open house for two days with the cooperation 
> of the existing tenants (vacating the premises, securing valuables, 
> making their units clean and highly presentable).  Not to mention 
> security, for their property and belongings.  Has anyone used the 5 
> day method to sell a multi-unit that is fully occupied.  Another 
> possible challenge is since the units are all rented, any buyers that 
> want to be an owner occupant would not be interested in the property.  
> The owner occupant was the primary focus of the original marketing 
> plan that did not produce the intended buyer.
>  
> Thank you,
>  
> Mark @ Norkat Properties
>  
>  
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From lisdy4 at gmail.com  Fri Jan 16 14:53:45 2009
From: lisdy4 at gmail.com (lis dy)
Date: Fri, 16 Jan 2009 11:53:45 -0800
Subject: [5-DayForum] TEST
Message-ID: <40fa729a0901161153m17c3dc96i51d550a72b53cee3@mail.gmail.com>

TEST
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From aclaros at orrick.com  Fri Jan 16 15:54:32 2009
From: aclaros at orrick.com (Claros, Awilda)
Date: Fri, 16 Jan 2009 15:54:32 -0500
Subject: [5-DayForum] Selling a fully rented 3 unit building
In-Reply-To: <4970154B.7080307@effros.com>
References: <56F1275930CF4297900DC97FF3FAD093@mdachotaPC>
	<4970154B.7080307@effros.com>
Message-ID: <6B20A9BEB2FD354E9F97E789B45A3A249DA5EC@nyexcht03.orrick.com>

Hello everyone, This might not be the place to post this, but I 'll
throw it out there anyway.
 
Does anyone know how I can do a short sale on my own property - New
York, Suffolk County?
 
Anyone in NY (Queens, Long Island, NYC) that can help me?
 
Thanks
 
Awilda

________________________________

From:
5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.c
om
[mailto:5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomei
n5days.com] On Behalf Of Bill Effros
Sent: Friday, January 16, 2009 12:04 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Selling a fully rented 3 unit building


Mark,

It's been tried with not much success.  It's hard to find 25 potential
buyers for investment property in 3 days, even in good times.  Now, it's
extremely unlikely, and equally unlikely that the seller is prepared to
sell at a price that buyers would find attractive in this climate.

Investors are looking for property at 10 times rent.

On both coasts sellers are looking for 30 times rent.

Rents will increase, and selling prices will go down until properties
start selling in the 10-15 times rent range.

To run a 5 Day sale at this time I would imagine you should offer the
property at 5 times rent.  If that doesn't bring them out (25 by Friday
night) nothing will, and you should abandon this idea...at least for
now.

Bill Effros, Author


Secured Property Investments wrote: 

	Hi,
	 
	Having read the book, I have a question.  How can I apply the
system to sell a fully rented 3 unit building?  I have detailed
verifiable income/expense analysis and extensive pictures.  I don't know
the feasibility of having an open house for two days with the
cooperation of the existing tenants (vacating the premises, securing
valuables, making their units clean and highly presentable).  Not to
mention security, for their property and belongings.  Has anyone used
the 5 day method to sell a multi-unit that is fully occupied.  Another
possible challenge is since the units are all rented, any buyers that
want to be an owner occupant would not be interested in the property.
The owner occupant was the primary focus of the original marketing plan
that did not produce the intended buyer.
	 
	Thank you,
	 
	Mark @ Norkat Properties
	 
	 
	
________________________________


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


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From skyhighplanning at gmail.com  Fri Jan 16 16:44:28 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Fri, 16 Jan 2009 16:44:28 -0500
Subject: [5-DayForum] Selling a fully rented 3 unit building
In-Reply-To: <6B20A9BEB2FD354E9F97E789B45A3A249DA5EC@nyexcht03.orrick.com>
References: <56F1275930CF4297900DC97FF3FAD093@mdachotaPC>
	<4970154B.7080307@effros.com>
	<6B20A9BEB2FD354E9F97E789B45A3A249DA5EC@nyexcht03.orrick.com>
Message-ID: <E916CD00-C5E9-4BC2-93BD-E351856CC354@gmail.com>

You would have to get an offer an submit to your lender for approval.   
I would strongly recommend you allow a professional to handle the  
process as it can become complicated and frustrating.  Plus,  it won't  
cost you anything!
If you have any further questions feel free to contact me.  I am an  
investor and short sale specialist.  I would be happy to help if  
you're interested.

My company has offices in Orlando, FL as well.



Carlos A. Chica
Sky High Planning, Inc.
Cell:        (646) 552-0107
skyhighplanning at gmail.com



"It's kind of fun to do the impossible"
                     -  Walt Disney

On Jan 16, 2009, at 3:54 PM, "Claros, Awilda" <aclaros at orrick.com>  
wrote:

> Hello everyone, This might not be the place to post this, but I 'll  
> throw  it out there anyway.
>
> Does anyone know how I can do a short sale on my own property - New  
> York, Suffolk County?
>
> Anyone in NY (Queens, Long Island, NYC) that can help me?
>
> Thanks
>
> Awilda
>
> From: 5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com 
>  [mailto:5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com 
> ] On Behalf Of Bill Effros
> Sent: Friday, January 16, 2009 12:04 AM
> To: How To Sell Your Home in 5-Days
> Subject: Re: [5-DayForum] Selling a fully rented 3 unit building
>
> Mark,
>
> It's been tried with not much success.  It's hard to find 25  
> potential buyers for investment property in 3 days, even in good  
> times.  Now, it's extremely unlikely, and equally unlikely that the  
> seller is prepared to sell at a price that buyers would find  
> attractive in this climate.
>
> Investors are looking for property at 10 times rent.
>
> On both coasts sellers are looking for 30 times rent.
>
> Rents will increase, and selling prices will go down until  
> properties start selling in the 10-15 times rent range.
>
> To run a 5 Day sale at this time I would imagine you should offer  
> the property at 5 times rent.  If that doesn't bring them out (25 by  
> Friday night) nothing will, and you should abandon this idea...at  
> least for now.
>
> Bill Effros, Author
>
>
> Secured Property Investments wrote:
>>
>> Hi,
>>
>> Having read the book, I have a question.     How can I apply the  
>> system to sell a fully rented 3 unit building?  I have detailed  
>> verifiable income/expense analysis and extensive pictures.  I don't  
>> know the feasibility of having an open house for two days with the  
>> cooperation of the existing tenants (vacating the premises,  
>> securing valuables, making their units clean and highly  
>> presentable).  Not to mention security, for their property and  
>> belongings.  Has anyone used the 5 day method to sell a multi-unit  
>> that is fully occupied.  Another possible challenge is since the  
>> units are all rented, any buyers that want to be an owner occupant  
>> would not be interested in the property.  The owner occupant was  
>> the primary focus of the original marketing plan that did not  
>> produce the intended buyer.
>>
>> Thank you,
>>
>> Mark @ Norkat Properties
>>
>>
>> _______________________________________________
>> 5-DayForum mailing list
>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
> "EMF <orrick.com>" made the following annotations.
> --- 
> --- 
> --- 
> ---------------------------------------------------------------------
> ===========================================================
>
> IRS Circular 230 disclosure:
> To ensure compliance with requirements imposed by the IRS,
> we inform you that any tax advice contained in this
> communication, unless expressly stated otherwise, was not
> intended or written to be used, and cannot be used, for
> the purpose of (i) avoiding tax-related penalties under
> the Internal Revenue Code or (ii) promoting, marketing or
> recommending to another party any tax-related matter(s)
> addressed herein.
>
>
>
> ===========================================================
>
> NOTICE TO RECIPIENT:  THIS E-MAIL IS  MEANT FOR ONLY THE
> INTENDED RECIPIENT OF THE TRANSMISSION, AND MAY BE A
> COMMUNICATION PRIVILEGED BY LAW.  IF YOU RECEIVED THIS E-
> MAIL IN ERROR, ANY REVIEW, USE, DISSEMINATION,
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> ===========================================================
> === 
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> =====================================================================
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From patricialone at hotmail.com  Fri Jan 16 17:18:41 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Fri, 16 Jan 2009 17:18:41 -0500
Subject: [5-DayForum] TEST
In-Reply-To: <40fa729a0901161153m17c3dc96i51d550a72b53cee3@mail.gmail.com>
References: <40fa729a0901161153m17c3dc96i51d550a72b53cee3@mail.gmail.com>
Message-ID: <BLU141-W30D1C39049A9676996B6BCD2D40@phx.gbl>


Hi!  It's working.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Date: Fri, 16 Jan 2009 11:53:45 -0800From: lisdy4 at gmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] TESTTEST 
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From Loveandmoney05 at aol.com  Fri Jan 16 17:54:58 2009
From: Loveandmoney05 at aol.com (Loveandmoney05 at aol.com)
Date: Fri, 16 Jan 2009 17:54:58 EST
Subject: [5-DayForum] Selling a fully rented 3 unit building
Message-ID: <c31.4c2add70.36a26a42@aol.com>

Hi.  I grew up on LI, in Babylon.  My family is still there and  in Bay Shore.
I do short sales in my area on Pennsylvania and would be happy to talk to  
you.  You are likely much better off NOT doing it yourself as i rarely see  a 
homeowner do well on their own.
Call me ant time before 8 pm.  weekends are fine.
Danielle  917-589-9651
 
 
In a message dated 1/16/2009 4:03:23 P.M. Eastern Standard Time,  
aclaros at orrick.com writes:

Hello everyone, This might not be the place to post this, but I 'll  throw it 
out there anyway.
 
Does anyone know how I can do a short sale on my own property - New  York, 
Suffolk County?
 
Anyone in NY (Queens, Long Island, NYC) that can help  me?
 
Thanks
 
Awilda

 
____________________________________
 From:  
5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com  
[mailto:5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com]  On Behalf Of Bill Effros
Sent: Friday, January 16, 2009 12:04  AM
To: How To Sell Your Home in 5-Days
Subject: Re:  [5-DayForum] Selling a fully rented 3 unit building



Mark,

It's been tried with not much success.  It's hard  to find 25 potential 
buyers for investment property in 3 days, even in good  times.  Now, it's extremely 
unlikely, and equally unlikely that the  seller is prepared to sell at a 
price that buyers would find attractive in  this climate.

Investors are looking for property at 10 times  rent.

On both coasts sellers are looking for 30 times  rent.

Rents will increase, and selling prices will go down until  properties start 
selling in the 10-15 times rent range.

To run a 5 Day  sale at this time I would imagine you should offer the 
property at 5 times  rent.  If that doesn't bring them out (25 by Friday night) 
nothing will,  and you should abandon this idea...at least for now.

Bill Effros,  Author


Secured Property Investments wrote:  
Hi,
 
Having read the book, I have a question.   How can I apply the system to sell 
a fully rented 3 unit building?  I  have detailed verifiable income/expense 
analysis and extensive  pictures.  I don't know the feasibility of having an 
open house for two  days with the cooperation of the existing tenants (vacating 
the premises,  securing valuables, making their units clean and highly 
presentable).   Not to mention security, for their property and belongings.  Has 
anyone  used the 5 day method to sell a multi-unit that is fully occupied.   
Another possible challenge is since the units are all rented, any buyers  that want 
to be an owner occupant would not be interested in the  property.  The owner 
occupant was the primary focus of the original  marketing plan that did not 
produce the intended buyer.
 
Thank you,
 
Mark @ Norkat Properties
 
 
 
____________________________________


_______________________________________________

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) 

  

"EMF <orrick.com>" made the following annotations.

------------------------------------------------------------------------------

===========================================================



IRS Circular 230 disclosure:

To ensure compliance with requirements imposed by the IRS, 

we inform you that any tax advice contained in this 

communication, unless expressly stated otherwise, was not 

intended or written to be used, and cannot be used, for 

the purpose of (i) avoiding tax-related penalties under 

the Internal Revenue Code or (ii) promoting, marketing or 

recommending to another party any tax-related matter(s) 

addressed herein.







===========================================================



NOTICE TO RECIPIENT:  THIS E-MAIL IS  MEANT FOR ONLY THE 

INTENDED RECIPIENT OF THE TRANSMISSION, AND MAY BE A 

COMMUNICATION PRIVILEGED BY LAW.  IF YOU RECEIVED THIS E-

MAIL IN ERROR, ANY REVIEW, USE, DISSEMINATION, 

DISTRIBUTION, OR COPYING OF THIS E-MAIL IS STRICTLY 

PROHIBITED.  PLEASE NOTIFY US IMMEDIATELY OF THE ERROR BY 

RETURN E-MAIL AND PLEASE DELETE THIS MESSAGE FROM YOUR 

SYSTEM. THANK YOU IN ADVANCE FOR YOUR COOPERATION.



For more information about Orrick, please visit 

http://www.orrick.com/

===========================================================

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**************Inauguration '09:  Get complete coverage from the nation's 
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From seriousproperty at gmail.com  Mon Jan 19 01:37:35 2009
From: seriousproperty at gmail.com (Serious Property Solutions)
Date: Mon, 19 Jan 2009 01:37:35 -0500
Subject: [5-DayForum] Advertising location AND open house hours
Message-ID: <ae701b2a0901182237o14c0d3c0xda44a3de28743d43@mail.gmail.com>

Hi all,

I've read the book at least a half-dozen times and I've been doing my best
to follow everything verbatim. But I've run into a slight dilemma in two
different areas: advertising the location of the investment property I'll be
selling and establishing the hours for my open house.

My property isn't situated in a certain development or any other
classification by which I can vaguely advertise its location. I thought
about including the zip code with my print ad but this particular zip
code encompasses some sketchy areas of the city that some might rule
out despite the fact that my property is located in one of the more
desirable locations in the zip. The best solution I can come up with to
solving my advertising pickle is to reference intersecting streets.

So with that said, would it be appropriate to place the first line of my
print ad, flush left with all capital letters, to include the location of
"Off of 29th & Market Streets?" I honestly can't think of any other way to
give potential buyers the general gist of the area in which the property
is located unless I specifically announce the exact address -- which I
obviously don't want to do with any sort of advertising.

My second question is in regard to the best hours to feature an open house.
As a single mom, I realistically cannot do the 10AM - 5PM hours that
were suggested in the book. The best I could do is a 12noon - 4PM or a 1PM -
5PM. Have any of you found either of these timeframes to be more
advantageous than the other? Please do advise!!

Thanks so much for taking the time to read this. And a very special thanks
to Mr. Effros and to all who contribute to this Forum!!

Kindest regards,

Kathryn
Harrisburg, PA
Nervous seller (currently in need of Xanax due to my upcoming sale!!),
landlord, investor
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From jcrafor at hotmail.com  Mon Jan 19 10:58:03 2009
From: jcrafor at hotmail.com (j crafor)
Date: Mon, 19 Jan 2009 15:58:03 +0000
Subject: [5-DayForum] Advertising location AND open house hours
In-Reply-To: <ae701b2a0901182237o14c0d3c0xda44a3de28743d43@mail.gmail.com>
References: <ae701b2a0901182237o14c0d3c0xda44a3de28743d43@mail.gmail.com>
Message-ID: <BAY135-W436594A5C807B4120FCFA6AED30@phx.gbl>


Best wishes on your sale.
I would suggest that rather than "Off of 29th & Market Streets" I'd use the words "Near", or "Close to" 29th & ..."  The word "OFF" will have a negative influence--subliminally, if not otherwise. OFF, huh? What else is "OFF"?
 
I also named a nearby intersection, and since I had "Frame stucco" as part of my ad, people knew the general area: the others were brick, manufactured, and a mobile home park. 
I did not give the address or driving directions until Friday night, and everyone was okay with that. 
 
My house was nicely staged, which turned out to be emotionally good for me: it is a very nice house, even empty, but the staging made ME more confident and upbeat.  I used much of my own stuff, but borrowed a living room set and other pieces from a friend. I had fake and real greens, flowers, and a bowl of fresh fruit. 
My yard was also minimally staged, with a picnic table and bright plastic settings on the west side, and on the east side, 2 camp chairs and a small table.
My sale ran from noon to five. My (paid) helpers came at 11 both days to help set the stage.
I could easily have done it from 1 to 5. Most people came between 12 and 1, but they would have come between 1 and 2. Sat the last people were there about 3:30, leaving about 4, but on Sunday, several people came after 4.
If you are going to shorten your hours, I suggest starting later in the day, rather than ending earlier.
I would do 1 to 5, and when I do this again, those are the hours I expect to use.
 
Do you have at least one helper?
 
Again, best wishes.
JCrafor



Date: Mon, 19 Jan 2009 01:37:35 -0500From: seriousproperty at gmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] Advertising location AND open house hours
Hi all,
 I've run into a slight dilemma in two different areas: advertising the location of the investment property... and establishing the hours for my open house.  
The best solution I can come up with to solving my advertising pickle is to reference intersecting streets. 
 
would it be appropriate to place the first line ...to include the location of "Off of 29th & Market Streets?"
 
My second question is in regard to the best hours .... The best I could do is a 12noon - 4PM or a 1PM - 5PM. Have any of you found either of these timeframes to be more advantageous than the other? 
Kathryn
Harrisburg, PA
Nervous seller (currently in need of Xanax due to my upcoming sale!!), landlord, investor
 
 
_________________________________________________________________
Windows Live? Hotmail?: Chat. Store. Share. Do more with mail. 
http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t1_hm_justgotbetter_explore_012009
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From dberning at flash.net  Mon Jan 19 16:03:31 2009
From: dberning at flash.net (dberning at flash.net)
Date: Mon, 19 Jan 2009 13:03:31 -0800 (PST)
Subject: [5-DayForum] MLS
Message-ID: <953177.89972.qm@web81001.mail.mud.yahoo.com>

I am running a 5-day this weekend on my investment house.? I was going to list it on the MLS using a flat fee broker here in Fort Worth.? He stated that in Texas if you list the property you are agreeing to pay the 3% commission to the buyer if they have an agent.? If the agent brings me my asking price and meets all my conditions and I decline then the agent can come after me for the 3% even?if I do?not sell to that agent.? Is this correct?? He stated that I could put the asking price or best offer and add a $1.00 commission.? This would probably keep agents from bringing buyers (not really what I want) but would keep my exposure at $1.00.? If a put a commission of less that?2% on the MLS, he charges an additional $400.00.? I feel that is a little much since the listing is only $299.00.? My gut tells me to not put it on the MLS and just advertise like the book says.
?
I know Bill says to not protect the broker but is there a way to list on the MLS and not create a legal or financial mess for me?? Any advice would be appreciated.
?
David Berning
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From real.estate.professor at hotmail.com  Mon Jan 19 17:35:11 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Mon, 19 Jan 2009 16:35:11 -0600
Subject: [5-DayForum] MLS
In-Reply-To: <953177.89972.qm@web81001.mail.mud.yahoo.com>
References: <953177.89972.qm@web81001.mail.mud.yahoo.com>
Message-ID: <BLU122-W50F94A1FC99CB2AF13231DB4D30@phx.gbl>


david:
 
If lsited, you need to have the agent take it off the MLS the weekend of the 5 Day Sale.
 
Good luck,
 
Kyle Cascioli
www.AuctionBySeller.com 



Date: Mon, 19 Jan 2009 13:03:31 -0800From: dberning at flash.netTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] MLS




I am running a 5-day this weekend on my investment house.  I was going to list it on the MLS using a flat fee broker here in Fort Worth.  He stated that in Texas if you list the property you are agreeing to pay the 3% commission to the buyer if they have an agent.  If the agent brings me my asking price and meets all my conditions and I decline then the agent can come after me for the 3% even if I do not sell to that agent.  Is this correct?  He stated that I could put the asking price or best offer and add a $1.00 commission.  This would probably keep agents from bringing buyers (not really what I want) but would keep my exposure at $1.00.  If a put a commission of less that 2% on the MLS, he charges an additional $400.00.  I feel that is a little much since the listing is only $299.00.  My gut tells me to not put it on the MLS and just advertise like the book says.
 
I know Bill says to not protect the broker but is there a way to list on the MLS and not create a legal or financial mess for me?  Any advice would be appreciated.
 
David Berning
_________________________________________________________________
Windows Live? Hotmail?: Chat. Store. Share. Do more with mail. 
http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t1_hm_justgotbetter_explore_012009
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From rosemarie-fred at mindspring.com  Mon Jan 19 18:01:10 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Mon, 19 Jan 2009 18:01:10 -0500
Subject: [5-DayForum] MLS
References: <953177.89972.qm@web81001.mail.mud.yahoo.com>
Message-ID: <0A555F65A65F45ADBC60182DF8325CC9@rosemarifv6onv>

Why do you want to put it on MLS? You will certainly get brokers, and I think one of the main points of the book is to do it yourself and avoid them. Rules differ from state to state. Here in NC I have been told that if you list a property at a price in MLS and get an offer of that much cash, without strings, you are obliged to accept it. And yes, pay the commission. So we would have to do it another way - not the 5 day sale.
I strongly recommend that if you are going to use this system, use this system! Almost everyone who fails says they used the system except for.....something or other. So, they didn't use the system!
Good luck
Rosemarie

  ----- Original Message ----- 
  From: dberning at flash.net 
  To: 5-dayforum at mailman.howtosellyourhomein5days.com 
  Sent: Monday, January 19, 2009 4:03 PM
  Subject: [5-DayForum] MLS


        I am running a 5-day this weekend on my investment house.  I was going to list it on the MLS using a flat fee broker here in Fort Worth.  He stated that in Texas if you list the property you are agreeing to pay the 3% commission to the buyer if they have an agent.  If the agent brings me my asking price and meets all my conditions and I decline then the agent can come after me for the 3% even if I do not sell to that agent.  Is this correct?  He stated that I could put the asking price or best offer and add a $1.00 commission.  This would probably keep agents from bringing buyers (not really what I want) but would keep my exposure at $1.00.  If a put a commission of less that 2% on the MLS, he charges an additional $400.00.  I feel that is a little much since the listing is only $299.00.  My gut tells me to not put it on the MLS and just advertise like the book says.

        I know Bill says to not protect the broker but is there a way to list on the MLS and not create a legal or financial mess for me?  Any advice would be appreciated.

        David Berning 



------------------------------------------------------------------------------


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From dberning at flash.net  Mon Jan 19 21:38:18 2009
From: dberning at flash.net (dberning at flash.net)
Date: Mon, 19 Jan 2009 18:38:18 -0800 (PST)
Subject: [5-DayForum] MLS
In-Reply-To: <BLU122-W50F94A1FC99CB2AF13231DB4D30@phx.gbl>
Message-ID: <838543.48609.qm@web81002.mail.mud.yahoo.com>

Kyle,
?
Thanks for the info.? That is what I will do.

--- On Mon, 1/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:

From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] MLS
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Monday, January 19, 2009, 4:35 PM




#yiv894741251 .hmmessage P
{
margin:0px;padding:0px;}
#yiv894741251 {
font-size:10pt;font-family:Verdana;}

david:
?
If lsited, you need to have the agent take it off the MLS the weekend of the 5 Day Sale.
?
Good luck,
?
Kyle Cascioli
www.AuctionBySeller.com 





Date: Mon, 19 Jan 2009 13:03:31 -0800
From: dberning at flash.net
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] MLS







I am running a 5-day this weekend on my investment house.? I was going to list it on the MLS using a flat fee broker here in Fort Worth.? He stated that in Texas if you list the property you are agreeing to pay the 3% commission to the buyer if they have an agent.? If the agent brings me my asking price and meets all my conditions and I decline then the agent can come after me for the 3% even?if I do?not sell to that agent.? Is this correct?? He stated that I could put the asking price or best offer and add a $1.00 commission.? This would probably keep agents from bringing buyers (not really what I want) but would keep my exposure at $1.00.? If a put a commission of less that?2% on the MLS, he charges an additional $400.00.? I feel that is a little much since the listing is only $299.00.? My gut tells me to not put it on the MLS and just advertise like the book says.
?
I know Bill says to not protect the broker but is there a way to list on the MLS and not create a legal or financial mess for me?? Any advice would be appreciated.
?
David Berning


Windows Live? Hotmail?: Chat. Store. Share. Do more with mail. Check it out. _______________________________________________
5-DayForum mailing list
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From dberning at flash.net  Mon Jan 19 21:55:15 2009
From: dberning at flash.net (dberning at flash.net)
Date: Mon, 19 Jan 2009 18:55:15 -0800 (PST)
Subject: [5-DayForum] MLS
In-Reply-To: <0A555F65A65F45ADBC60182DF8325CC9@rosemarifv6onv>
Message-ID: <849557.31640.qm@web81008.mail.mud.yahoo.com>

Rosemarie,
?
Thank you for your response.? The reason I want to list it on MLS is because a lot of people look for homes on Realtor.com not just brokers and agents.??I feel I will get some quality leads from the MLS.? I will then do as Kyle advised. ?I will take it off the MLS before the open house/inspection on Saturday and Sunday.? Quite brilliant Kyle.? The rest is by the book.? I have had four listing agents who quite frankly were not very professional.? I have no intention of paying a commission to an agent on this house.? They can bid just like the rest of the people and can work out the commission details with their buyer as Bill explains in the book.? A MLS listing for 3-4 days for $400 is better than 3% of $300,000+ any day.? 
?
Sincerely,
David Berning

9/09, rosemarie-fred <rosemarie-fred at mindspring.com> wrote:

From: rosemarie-fred <rosemarie-fred at mindspring.com>
Subject: Re: [5-DayForum] MLS
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Monday, January 19, 2009, 5:01 PM





Why do you want to put it on MLS? You will certainly get brokers, and I think one of the main points of the book is to do it yourself and avoid them. Rules differ from state to state. Here in NC I have been told that if you list a property at a price in MLS and get an offer of that much cash, without strings, you are obliged to accept it. And yes, pay the commission. So we would have to do it another way - not the 5 day sale.
I strongly recommend that if you are going to use this system, use this system! Almost everyone who fails says they used the system except for.....something or other. So, they didn't use the system!
Good luck
Rosemarie
?

----- Original Message ----- 
From: dberning at flash.net 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Monday, January 19, 2009 4:03 PM
Subject: [5-DayForum] MLS






I am running a 5-day this weekend on my investment house.? I was going to list it on the MLS using a flat fee broker here in Fort Worth.? He stated that in Texas if you list the property you are agreeing to pay the 3% commission to the buyer if they have an agent.? If the agent brings me my asking price and meets all my conditions and I decline then the agent can come after me for the 3% even?if I do?not sell to that agent.? Is this correct?? He stated that I could put the asking price or best offer and add a $1.00 commission.? This would probably keep agents from bringing buyers (not really what I want) but would keep my exposure at $1.00.? If a put a commission of less that?2% on the MLS, he charges an additional $400.00.? I feel that is a little much since the listing is only $299.00.? My gut tells me to not put it on the MLS and just advertise like the book says.
?
I know Bill says to not protect the broker but is there a way to list on the MLS and not create a legal or financial mess for me?? Any advice would be appreciated.
?
David Berning



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From skyhighplanning at gmail.com  Mon Jan 19 22:18:49 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Mon, 19 Jan 2009 22:18:49 -0500
Subject: [5-DayForum] MLS
In-Reply-To: <849557.31640.qm@web81008.mail.mud.yahoo.com>
References: <849557.31640.qm@web81008.mail.mud.yahoo.com>
Message-ID: <13201E00-A48F-497E-B47A-746BA005B84F@gmail.com>

You may want to consider that the 3% is worth paying sometimes worth  
paying depending on amount & quality of the offer.  I am not a real  
estate agent but I  have sold many homes paying a 3% to a realtor when  
their offer was the best offer I received.  Sometimes being so picky  
can cost you in the long run.

Carlos A. Chica
Sky High Planning, Inc.
7380 Sand Lake Rd. Suite#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 Jan 19, 2009, at 9:55 PM, dberning at flash.net wrote:

> Rosemarie,
>
> Thank you for your response.  The reason I want to list it on MLS is  
> because a lot of people look for homes on Realtor.com not just  
> brokers and agents.  I feel I will get some quality leads from the  
> MLS.  I will then do as Kyle advised.  I will take it off the MLS  
> before the open house/inspection on Saturday and Sunday.  Quite  
> brilliant Kyle.  The rest is by the book.  I have had four listing  
> agents who quite frankly were not very professional.  I have no  
> intention of paying a commission to an agent on this house.  They  
> can bid just like the rest of the people and can work out the  
> commission details with their buyer as Bill explains in the book.  A  
> MLS listing for 3-4 days for $400 is better than 3% of $300,000+ any  
> day.
>
> Sincerely,
> David Berning
>
> 9/09, rosemarie-fred <rosemarie-fred at mindspring.com> wrote:
> From: rosemarie-fred <rosemarie-fred at mindspring.com>
> Subject: Re: [5-DayForum] MLS
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com 
> >
> Date: Monday, January 19, 2009, 5:01 PM
>
> Why do you want to put it on MLS? You will certainly get brokers,  
> and I think one of the main points of the book is to do it yourself  
> and avoid them. Rules differ from state to state. Here in NC I have  
> been told that if you list a property at a price in MLS and get an  
> offer of that much cash, without strings, you are obliged to accept  
> it. And yes, pay the commission. So we would have to do it another  
> way - not the 5 day sale.
> I strongly recommend that if you are going to use this system, use  
> this system! Almost everyone who fails says they used the system  
> except for.....something or other. So, they didn't use the system!
> Good luck
> Rosemarie
>
> ----- Original Message -----
> From: dberning at flash.net
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Sent: Monday, January 19, 2009 4:03 PM
> Subject: [5-DayForum] MLS
>
> I am running a 5-day this weekend on my investment house.  I was  
> going to list it on the MLS using a flat fee broker here in Fort  
> Worth.  He stated that in Texas if you list the property you are  
> agreeing to pay the 3% commission to the buyer if they have an  
> agent.  If the agent brings me my asking price and meets all my  
> conditions and I decline then the agent can come after me for the 3%  
> even if I do not sell to that agent.  Is this correct?  He stated  
> that I could put the asking price or best offer and add a $1.00  
> commission.  This would probably keep agents from bringing buyers  
> (not really what I want) but would keep my exposure at $1.00.  If a  
> put a commission of less that 2% on the MLS, he charges an  
> additional $400.00.  I feel that is a little much since the listing  
> is only $299.00.  My gut tells me to not put it on the MLS and just  
> advertise like the book says.
>
> I know Bill says to not protect the broker but is there a way to  
> list on the MLS and not create a legal or financial mess for me?   
> Any advice would be appreciated.
>
> David Berning
> _______________________________________________
> 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 real.estate.professor at hotmail.com  Mon Jan 19 22:32:44 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Mon, 19 Jan 2009 21:32:44 -0600
Subject: [5-DayForum] MLS
In-Reply-To: <838543.48609.qm@web81002.mail.mud.yahoo.com>
References: <BLU122-W50F94A1FC99CB2AF13231DB4D30@phx.gbl>
	<838543.48609.qm@web81002.mail.mud.yahoo.com>
Message-ID: <BLU122-W49916C8DA03840B25DD687B4D00@phx.gbl>


You're welcome ... good luck!

Date: Mon, 19 Jan 2009 18:38:18 -0800From: dberning at flash.netTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] MLS




Kyle,
 
Thanks for the info.  That is what I will do.--- On Mon, 1/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:
From: Kyle Cascioli <real.estate.professor at hotmail.com>Subject: Re: [5-DayForum] MLSTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Monday, January 19, 2009, 4:35 PM


david: If lsited, you need to have the agent take it off the MLS the weekend of the 5 Day Sale. Good luck, Kyle Cascioliwww.AuctionBySeller.com 

Date: Mon, 19 Jan 2009 13:03:31 -0800From: dberning at flash.netTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] MLS




I am running a 5-day this weekend on my investment house.  I was going to list it on the MLS using a flat fee broker here in Fort Worth.  He stated that in Texas if you list the property you are agreeing to pay the 3% commission to the buyer if they have an agent.  If the agent brings me my asking price and meets all my conditions and I decline then the agent can come after me for the 3% even if I do not sell to that agent.  Is this correct?  He stated that I could put the asking price or best offer and add a $1.00 commission.  This would probably keep agents from bringing buyers (not really what I want) but would keep my exposure at $1.00.  If a put a commission of less that 2% on the MLS, he charges an additional $400.00.  I feel that is a little much since the listing is only $299.00.  My gut tells me to not put it on the MLS and just advertise like the book says.
 
I know Bill says to not protect the broker but is there a way to list on the MLS and not create a legal or financial mess for me?  Any advice would be appreciated.
 
David Berning

Windows Live? Hotmail?: Chat. Store. Share. Do more with mail. Check it out. _______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

_________________________________________________________________
Windows Live?: Keep your life in sync. 
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From lisdy4 at gmail.com  Sun Jan 18 09:09:36 2009
From: lisdy4 at gmail.com (lis dy)
Date: Sun, 18 Jan 2009 06:09:36 -0800
Subject: [5-DayForum] Can you do 5 day rental in Lee county florida?
Message-ID: <40fa729a0901180609p8eac2e5h4d047fcb95ef0079@mail.gmail.com>

Hello and Help,
  We are thinking to do a 5 day rental in Lehigh acres and because their are
so many vacant homes , foreclosures
and short sales would a 5 day rental work ?
Thank you for you help ::-) Lisa
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From sdeluxexx at aol.com  Mon Jan 19 07:35:34 2009
From: sdeluxexx at aol.com (sdeluxexx)
Date: Mon, 19 Jan 2009 04:35:34 -0800
Subject: [5-DayForum] Marin County, CA Seller Questions
Message-ID: <70A587D0.0BE5.4D59.9E91.9B0AEECF024C@aol.com>

Dear Bill:

I'm new to your forum but not to unsuccessfully trying to sell my 1 acre wooded bay view house in Tiburon, CA, an affluent ?enclave (pop 8,500) just north of the Golden Gate Bridge in Marin County, CA. ?In July '07 I listed it for $2,499,000 for 4 1/2 months and received one $2 mil written offer which I blew off. ?In March '08 I listed with another agent at $2,199,000 for 4 months and received no offers. ?A house a 1/2 mile away that's not as nice has been for sale since last September, and they've dropped their price from $2,150,000 to $1,900,000.

Researching your method online has been very empowering, and I plan on buying your book tomorrow. ?Here are my initial questions:

1. ?Do you really recommend I advertise my house for $1 mil (assuming it's worth about $2 mil)? ?This is a bit scary, and I'm wondering does the 50% rule still apply for higher priced real estate? ?What about starting at $1.5 mil instead? ?This is a pretty sophisticated market, and do you think that hurts or helps my chances?

2. ?The primary buyer objection has been the access. ?To get the panoramic view, the cars are parked further down the hill and 45 steps away from the front door. ? Because of the hillside, steep driveway and limited parking, do you think having people walk up the driveway and stairs for the open house will be a big negative? ?I'm not quite sure if trying to shuttle buyers up and down the driveway is the answer. Any advice?

3. ?When we added on a big addition six years ago, we made the lower level into a legal 775 sq ft 1 bedrm in-law apartment with separate french door entrance and same quality finishes. ?The 2,400 sq ft upstairs (main level) is two bedrms and 2.5 baths. ?We designed the house so it can be easily connected internally with a circular staircase if someone so desires. ?The downstairs layout accommodates this and the upstairs floor is all ready framed for the install. ?My question is how would you suggest we market ?the house? ?As 3 bedrms and 3.5 baths? Do you think its current configuration will help or hurt our chances to sell? ?Should we mention the in-law aspect in our ads or over the phone?

4. ?My in-law tenant's lease is up in July. ?If I sell the house using your techniques this spring, how do you suggest I handle the lease?

5. ?I inherited the carport from the previous owner and have previously disclosed I don't believe it was ever built to code. ?As part of my seller's prep, if I order a home inspection report I'm afraid the carport issue will open up a potential can of worms. ?Any suggestion how to deal with this?

6. ?Both our local Marin County newspaper and SF Chronicle's weekday real estate sections are pretty skimpy, and I'm concerned no one will pay attention to a midweek ad. ?Do you ever recommend buying weekday front section display ad space? ?How effective is creating a broker-like weekend ad with a color photo of the house? ?Any posting tips for Craig's List?

7. ?Does creating a temporary website with photos, features, school district info, etc. help the 5 Day Sale process?

With great appreciation,

Susan Deluxe?
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From rosemarie-fred at mindspring.com  Tue Jan 20 14:13:30 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Tue, 20 Jan 2009 14:13:30 -0500
Subject: [5-DayForum] Can you do 5 day rental in Lee county florida?
References: <40fa729a0901180609p8eac2e5h4d047fcb95ef0079@mail.gmail.com>
Message-ID: <866883EFB77B4E42B0E382300DA55D63@rosemarifv6onv>

Can we talk? We want to do the same thing, or something like it, in Lehigh Acres. Would love to speak with you. Please drop me a line at rosemarie-fred at mindspring.com and we can exchange phone numbers.
Thanks!
Rosemarie

  ----- Original Message ----- 
  From: lis dy 
  To: 5-dayforum at howtosellyourhomein5days.com 
  Sent: Sunday, January 18, 2009 9:09 AM
  Subject: [5-DayForum] Can you do 5 day rental in Lee county florida?


  Hello and Help,
    We are thinking to do a 5 day rental in Lehigh acres and because their are so many vacant homes , foreclosures
  and short sales would a 5 day rental work ?
  Thank you for you help ::-) Lisa



------------------------------------------------------------------------------


  _______________________________________________
  5-DayForum mailing list
  5-DayForum at mailman.howtosellyourhomein5days.com
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From jcrafor at hotmail.com  Tue Jan 20 15:48:52 2009
From: jcrafor at hotmail.com (j crafor)
Date: Tue, 20 Jan 2009 20:48:52 +0000
Subject: [5-DayForum] Can you do 5 day rental in Lee county florida?
In-Reply-To: <866883EFB77B4E42B0E382300DA55D63@rosemarifv6onv>
References: <40fa729a0901180609p8eac2e5h4d047fcb95ef0079@mail.gmail.com>
	<866883EFB77B4E42B0E382300DA55D63@rosemarifv6onv>
Message-ID: <BAY135-W54648E19809C81969C71FAED00@phx.gbl>


Please keep this discussion on the forum. I expect to sell via the 5-Day method in another month or so, OR,or rent using it. It's likely I will do as others have done, have a bid sheet for both available.
I'd like as much info as is available to use it successfully. 
Thanks,
JCrafor



From: rosemarie-fred at mindspring.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Tue, 20 Jan 2009 14:13:30 -0500Subject: Re: [5-DayForum] Can you do 5 day rental in Lee county florida?


Can we talk? We want to do the same thing, or something like it, in Lehigh Acres. Would love to speak with you. Please drop me a line at rosemarie-fred at mindspring.com and we can exchange phone numbers.
Thanks!
Rosemarie
 

----- Original Message ----- 
From: lis dy 
To: 5-dayforum at howtosellyourhomein5days.com 
Sent: Sunday, January 18, 2009 9:09 AM
Subject: [5-DayForum] Can you do 5 day rental in Lee county florida?
Hello and Help,  We are thinking to do a 5 day rental in Lehigh acres and because their are so many vacant homes , foreclosuresand short sales would a 5 day rental work ?Thank you for you help ::-) Lisa



_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
_________________________________________________________________
Windows Live?: Keep your life in sync.
http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t1_allup_explore_012009
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From real.estate.professor at hotmail.com  Tue Jan 20 19:42:55 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 20 Jan 2009 18:42:55 -0600
Subject: [5-DayForum] Marin County, CA Seller Questions
In-Reply-To: <70A587D0.0BE5.4D59.9E91.9B0AEECF024C@aol.com>
References: <70A587D0.0BE5.4D59.9E91.9B0AEECF024C@aol.com>
Message-ID: <BLU122-W478D3F0390EAD41B487DC7B4D10@phx.gbl>


Hi SD:
 
Here are some thoughts until you hear from Bill ...
 
1.  Tiburon is like Greenwich, CT - where Bill lives and has used his method successfully for years.
     Bill would tell you that you have over-priced your property during the last year and that you are "chasing the 
     market down."  A bad strategy. 
 
2.  He would tell you that the 50% rule applies to any-priced home and given current market conditions it is more 
     important than ever.  Bill would tell you that you can't start low enough.  He would further advise that property 
     conditions such as steep driveway are overcome by price.
 
3.  I think Bill would tell you to market the house as a 2,400 SF, 2 Bedroom, 2 Bath, with separate a 775 SF mother-
     in-law unit unless there is existing access to the unit from the main living quarters.  He might suggest that when 
     you speak to potential bidders you explain what could be with the space, but not to "complicate" the advertising.  
     Keep it simple.
 
4.  All leases travel with the land.  That is, the lease with the In-laws would be binding upon the buyer if the In-laws 
     want to stay and have an option to extend.  Under such a scenario, you might want to consider buying them out.
 
5.  He would tell you that someone is going to have to deal with it and if it's not you then the buyer will offer less for 
    the property and it would kill the deal once under contract.  I think he would tell suggest that you deal with it.
 
6.  Bill would likely say that you should run the ad exactly how he describes in the book, that you ignore brokers 
    (they allowed you to get into this mess in the first place by not counseling you properly on pricing), and to use the 
    same verbiage on Craig's list as you run in your print ads.
 
7.  He would tell you that a website is a waste of time and money.
 
 
I can't speak for Bill that is what I think he would say .  If that is what he would say, then I would agree with Bill except for parts of #6 and all of #7.  Especially in SF and Silicon Valley.
 
Check out www.AuctionBySeller.com to see case studies on 5 Day Sale for free.  Our "Blog" has a lot of good information as well.
 
 
Good luck and let me know if we can help.
 
Kyle Cascioli
www.AuctionBySeller.com 
 
 
 



Date: Mon, 19 Jan 2009 04:35:34 -0800From: sdeluxexx at aol.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] Marin County, CA Seller Questions
Dear Bill:

I'm new to your forum but not to unsuccessfully trying to sell my 1 acre wooded bay view house in Tiburon, CA, an affluent  enclave (pop 8,500) just north of the Golden Gate Bridge in Marin County, CA.  In July '07 I listed it for $2,499,000 for 4 1/2 months and received one $2 mil written offer which I blew off.  In March '08 I listed with another agent at $2,199,000 for 4 months and received no offers.  A house a 1/2 mile away that's not as nice has been for sale since last September, and they've dropped their price from $2,150,000 to $1,900,000.Researching your method online has been very empowering, and I plan on buying your book tomorrow.  Here are my initial questions:

1.  Do you really recommend I advertise my house for $1 mil (assuming it's worth about $2 mil)?  This is a bit scary, and I'm wondering does the 50% rule still apply for higher priced real estate?  What about starting at $1.5 mil instead?  This is a pretty sophisticated market, and do you think that hurts or helps my chances?

2.  The primary buyer objection has been the access.  To get the panoramic view, the cars are parked further down the hill and 45 steps away from the front door.   Because of the hillside, steep driveway and limited parking, do you think having people walk up the driveway and stairs for the open house will be a big negative?  I'm not quite sure if trying to shuttle buyers up and down the driveway is the answer. Any advice?3.  When we added on a big addition six years ago, we made the lower level into a legal 775 sq ft 1 bedrm in-law apartment with separate french door entrance and same quality finishes.  The 2,400 sq ft upstairs (main level) is two bedrms and 2.5 baths.  We designed the house so it can be easily connected internally with a circular staircase if someone so desires.  The downstairs layout accommodates this and the upstairs floor is all ready framed for the install.  My question is how would you suggest we market  the house?  As 3 bedrms and 3.5 baths? Do you think its current configuration will help or hurt our chances to sell?  Should we mention the in-law aspect in our ads or over the phone?

4.  My in-law tenant's lease is up in July.  If I sell the house using your techniques this spring, how do you suggest I handle the lease?

5.  I inherited the carport from the previous owner and have previously disclosed I don't believe it was ever built to code.  As part of my seller's prep, if I order a home inspection report I'm afraid the carport issue will open up a potential can of worms.  Any suggestion how to deal with this?

6.  Both our local Marin County newspaper and SF Chronicle's weekday real estate sections are pretty skimpy, and I'm concerned no one will pay attention to a midweek ad.  Do you ever recommend buying weekday front section display ad space?  How effective is creating a broker-like weekend ad with a color photo of the house?  Any posting tips for Craig's List?

7.  Does creating a temporary website with photos, features, school district info, etc. help the 5 Day Sale process?

With great appreciation,Susan Deluxe 

_________________________________________________________________
Windows Live?: Keep your life in sync. 
http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t1_allup_explore_012009
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From MoseyMe at aol.com  Tue Jan 20 16:02:35 2009
From: MoseyMe at aol.com (MoseyMe at aol.com)
Date: Tue, 20 Jan 2009 16:02:35 EST
Subject: [5-DayForum] Sellind a house in Nashville, TN
Message-ID: <c32.47b110db.36a795eb@aol.com>

Dear fellow house sellers:
 
Has anyone used this 5 day sales plan in the  greater Nashville, Tennessee 
area and if so, what were the results? When did you  do it? What newspapers were 
used? Any other advertising media used such as the  internet?
 
Is this plan LEGAL to use in  Tennessee?
 
Did anyone anywhere have a situation when none  of the bids were acceptable 
so you did not sell to the highest  bidder?
 
Any information you can provide would be  appreciated.
 
Tom L.
 
**************A Good Credit Score is 700 or Above. See yours in just 2 easy 
steps! 
(http://pr.atwola.com/promoclk/100000075x1215855013x1201028747/aol?redir=http://www.freecreditreport.com/pm/default.aspx?sc=668072%26hmpgID=62%26bcd=De
cemailfooterNO62)
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From bill at effros.com  Wed Jan 21 09:09:47 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 21 Jan 2009 09:09:47 -0500
Subject: [5-DayForum] Rental and Sale at the Same Time
In-Reply-To: <BAY135-W54648E19809C81969C71FAED00@phx.gbl>
References: <40fa729a0901180609p8eac2e5h4d047fcb95ef0079@mail.gmail.com>	<866883EFB77B4E42B0E382300DA55D63@rosemarifv6onv>
	<BAY135-W54648E19809C81969C71FAED00@phx.gbl>
Message-ID: <49772CAB.1020709@effros.com>

JCrafor,

You can't run a 5-Day rental at the same time you run a 5-Day Sale.  
(well, of course you CAN, but you will hurt both results.)

Bill Effros



j crafor wrote:
> Please keep this discussion on the forum. I expect to sell via the 
> 5-Day method in another month or so, OR,or rent using it. It's likely 
> I will do as others have done, have a bid sheet for both available.
> I'd like as much info as is available to use it successfully.
> Thanks,
> JCrafor
>
>
> ------------------------------------------------------------------------
>
> From: rosemarie-fred at mindspring.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tue, 20 Jan 2009 14:13:30 -0500
> Subject: Re: [5-DayForum] Can you do 5 day rental in Lee county florida?
>
>
> Can we talk? We want to do the same thing, or something like it, in 
> Lehigh Acres. Would love to speak with you. Please drop me a line at 
> rosemarie-fred at mindspring.com 
> <mailto:rosemarie-fred at mindspring.com> and we can exchange phone numbers.
> Thanks!
> Rosemarie
>  
>
>     ----- Original Message -----
>     *From:* lis dy <mailto:lisdy4 at gmail.com>
>     *To:* 5-dayforum at howtosellyourhomein5days.com
>     <mailto:5-dayforum at howtosellyourhomein5days.com>
>     *Sent:* Sunday, January 18, 2009 9:09 AM
>     *Subject:* [5-DayForum] Can you do 5 day rental in Lee county florida?
>
>     Hello and Help,
>       We are thinking to do a 5 day rental in Lehigh acres and because
>     their are so many vacant homes , foreclosures
>     and short sales would a 5 day rental work ?
>     Thank you for you help ::-) Lisa
>     ------------------------------------------------------------------------
>
>
>     _______________________________________________
>     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
>
>
> ------------------------------------------------------------------------
> Windows Live?: Keep your life in sync. Check it out. 
> <http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t1_allup_explore_012009> 
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From aclaros at orrick.com  Wed Jan 21 09:28:31 2009
From: aclaros at orrick.com (Claros, Awilda)
Date: Wed, 21 Jan 2009 09:28:31 -0500
Subject: [5-DayForum] Selling a fully rented 3 unit building
In-Reply-To: <E916CD00-C5E9-4BC2-93BD-E351856CC354@gmail.com>
References: <56F1275930CF4297900DC97FF3FAD093@mdachotaPC>
	<4970154B.7080307@effros.com>
	<6B20A9BEB2FD354E9F97E789B45A3A249DA5EC@nyexcht03.orrick.com>
	<E916CD00-C5E9-4BC2-93BD-E351856CC354@gmail.com>
Message-ID: <6B20A9BEB2FD354E9F97E789B45A3A249DA744@nyexcht03.orrick.com>

Carlos, thanks for your input.  I was able to find someone in LI to take
care of this for me.  Thanks again.

________________________________

From:
5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.c
om
[mailto:5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomei
n5days.com] On Behalf Of SKY HIGH
Sent: Friday, January 16, 2009 4:44 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Selling a fully rented 3 unit building


You would have to get an offer an submit to your lender for approval.  I
would strongly recommend you allow a professional to handle the process
as it can become complicated and frustrating.  Plus,  it won't cost you
anything!
If you have any further questions feel free to contact me.  I am an
investor and short sale specialist.  I would be happy to help if you're
interested.

My company has offices in Orlando, FL as well.



Carlos A. Chica 
Sky High Planning, Inc.
Cell:        (646) 552-0107
skyhighplanning at gmail.com



"It's kind of fun to do the impossible"
                    -  Walt Disney

On Jan 16, 2009, at 3:54 PM, "Claros, Awilda" <aclaros at orrick.com>
wrote:



	Hello everyone, This might not be the place to post this, but I
'll throw it out there anyway.
	 
	Does anyone know how I can do a short sale on my own property -
New York, Suffolk County?
	 
	Anyone in NY (Queens, Long Island, NYC) that can help me?
	 
	Thanks
	 
	Awilda

________________________________

	From:
5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.c
om
[mailto:5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomei
n5days.com] On Behalf Of Bill Effros
	Sent: Friday, January 16, 2009 12:04 AM
	To: How To Sell Your Home in 5-Days
	Subject: Re: [5-DayForum] Selling a fully rented 3 unit building
	
	
	Mark,
	
	It's been tried with not much success.  It's hard to find 25
potential buyers for investment property in 3 days, even in good times.
Now, it's extremely unlikely, and equally unlikely that the seller is
prepared to sell at a price that buyers would find attractive in this
climate.
	
	Investors are looking for property at 10 times rent.
	
	On both coasts sellers are looking for 30 times rent.
	
	Rents will increase, and selling prices will go down until
properties start selling in the 10-15 times rent range.
	
	To run a 5 Day sale at this time I would imagine you should
offer the property at 5 times rent.  If that doesn't bring them out (25
by Friday night) nothing will, and you should abandon this idea...at
least for now.
	
	Bill Effros, Author
	
	
	Secured Property Investments wrote: 

		Hi,
		 
		Having read the book, I have a question.  How can I
apply the system to sell a fully rented 3 unit building?  I have
detailed verifiable income/expense analysis and extensive pictures.  I
don't know the feasibility of having an open house for two days with the
cooperation of the existing tenants (vacating the premises, securing
valuables, making their units clean and highly presentable).  Not to
mention security, for their property and belongings.  Has anyone used
the 5 day method to sell a multi-unit that is fully occupied.  Another
possible challenge is since the units are all rented, any buyers that
want to be an owner occupant would not be interested in the property.
The owner occupant was the primary focus of the original marketing plan
that did not produce the intended buyer.
		 
		Thank you,
		 
		Mark @ Norkat Properties
		 
		 
		
________________________________

		_______________________________________________
		5-DayForum mailing list
		<mailto:5-DayForum at mailman.howtosellyourhomein5days.com>
5-DayForum at mailman.howtosellyourhomein5days.com
	
<http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayf
orum>
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayfo
rum
		  

	

	"EMF <orrick.com>" made the following annotations.
	
------------------------------------------------------------------------
------
	===========================================================
	
	IRS Circular 230 disclosure:
	To ensure compliance with requirements imposed by the IRS, 
	we inform you that any tax advice contained in this 
	communication, unless expressly stated otherwise, was not 
	intended or written to be used, and cannot be used, for 
	the purpose of (i) avoiding tax-related penalties under 
	the Internal Revenue Code or (ii) promoting, marketing or 
	recommending to another party any tax-related matter(s) 
	addressed herein.
	
	
	
	===========================================================
	
	NOTICE TO RECIPIENT:  THIS E-MAIL IS  MEANT FOR ONLY THE 
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	_______________________________________________
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From aclaros at orrick.com  Wed Jan 21 09:42:33 2009
From: aclaros at orrick.com (Claros, Awilda)
Date: Wed, 21 Jan 2009 09:42:33 -0500
Subject: [5-DayForum] Selling a fully rented 3 unit building
In-Reply-To: <c31.4c2add70.36a26a42@aol.com>
References: <c31.4c2add70.36a26a42@aol.com>
Message-ID: <6B20A9BEB2FD354E9F97E789B45A3A249DA747@nyexcht03.orrick.com>

Hi Danielle, Thanks for you help on this.  I was able to find someone in
LI.  
 
Awilda

________________________________

From:
5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.c
om
[mailto:5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomei
n5days.com] On Behalf Of Loveandmoney05 at aol.com
Sent: Friday, January 16, 2009 5:55 PM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Selling a fully rented 3 unit building


Hi.  I grew up on LI, in Babylon.  My family is still there and in Bay
Shore.
I do short sales in my area on Pennsylvania and would be happy to talk
to you.  You are likely much better off NOT doing it yourself as i
rarely see a homeowner do well on their own.
Call me ant time before 8 pm.  weekends are fine.
Danielle  917-589-9651
 
In a message dated 1/16/2009 4:03:23 P.M. Eastern Standard Time,
aclaros at orrick.com writes:

	
	Hello everyone, This might not be the place to post this, but I
'll throw it out there anyway.
	 
	Does anyone know how I can do a short sale on my own property -
New York, Suffolk County?
	 
	Anyone in NY (Queens, Long Island, NYC) that can help me?
	 
	Thanks
	 
	Awilda

________________________________

	From:
5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.c
om
[mailto:5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomei
n5days.com] On Behalf Of Bill Effros
	Sent: Friday, January 16, 2009 12:04 AM
	To: How To Sell Your Home in 5-Days
	Subject: Re: [5-DayForum] Selling a fully rented 3 unit building
	
	
	Mark,
	
	It's been tried with not much success.  It's hard to find 25
potential buyers for investment property in 3 days, even in good times.
Now, it's extremely unlikely, and equally unlikely that the seller is
prepared to sell at a price that buyers would find attractive in this
climate.
	
	Investors are looking for property at 10 times rent.
	
	On both coasts sellers are looking for 30 times rent.
	
	Rents will increase, and selling prices will go down until
properties start selling in the 10-15 times rent range.
	
	To run a 5 Day sale at this time I would imagine you should
offer the property at 5 times rent.  If that doesn't bring them out (25
by Friday night) nothing will, and you should abandon this idea...at
least for now.
	
	Bill Effros, Author
	
	
	Secured Property Investments wrote: 

		Hi,
		 
		Having read the book, I have a question.  How can I
apply the system to sell a fully rented 3 unit building?  I have
detailed verifiable income/expense analysis and extensive pictures.  I
don't know the feasibility of having an open house for two days with the
cooperation of the existing tenants (vacating the premises, securing
valuables, making their units clean and highly presentable).  Not to
mention security, for their property and belongings.  Has anyone used
the 5 day method to sell a multi-unit that is fully occupied.  Another
possible challenge is since the units are all rented, any buyers that
want to be an owner occupant would not be interested in the property.
The owner occupant was the primary focus of the original marketing plan
that did not produce the intended buyer.
		 
		Thank you,
		 
		Mark @ Norkat Properties
		 
		 
		
________________________________


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

	
	"EMF <orrick.com>" made the following annotations.
	
------------------------------------------------------------------------
------
	===========================================================
	
	IRS Circular 230 disclosure:
	To ensure compliance with requirements imposed by the IRS, 
	we inform you that any tax advice contained in this 
	communication, unless expressly stated otherwise, was not 
	intended or written to be used, and cannot be used, for 
	the purpose of (i) avoiding tax-related penalties under 
	the Internal Revenue Code or (ii) promoting, marketing or 
	recommending to another party any tax-related matter(s) 
	addressed herein.
	
	
	
	===========================================================
	
	NOTICE TO RECIPIENT:  THIS E-MAIL IS  MEANT FOR ONLY THE 
	INTENDED RECIPIENT OF THE TRANSMISSION, AND MAY BE A 
	COMMUNICATION PRIVILEGED BY LAW.  IF YOU RECEIVED THIS E-
	MAIL IN ERROR, ANY REVIEW, USE, DISSEMINATION, 
	DISTRIBUTION, OR COPYING OF THIS E-MAIL IS STRICTLY 
	PROHIBITED.  PLEASE NOTIFY US IMMEDIATELY OF THE ERROR BY 
	RETURN E-MAIL AND PLEASE DELETE THIS MESSAGE FROM YOUR 
	SYSTEM. THANK YOU IN ADVANCE FOR YOUR COOPERATION.
	
	For more information about Orrick, please visit 
	http://www.orrick.com/
	===========================================================
	
========================================================================
======
	

	



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




________________________________

Inauguration '09: Get complete coverage
<http://news.aol.com/main/politics/inauguration?ncid=emlcntusnews0000000
3>  from the nation's capital.
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From bill at effros.com  Wed Jan 21 09:56:12 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 21 Jan 2009 09:56:12 -0500
Subject: [5-DayForum] Rentals and Sales
Message-ID: <4977378C.7020801@effros.com>

The 5-Day Method is for people who want to know the current value of 
their property.  It works best if you follow through.

Enough people can tell if you have a "hidden reserve" so that you don't 
get the best price if all you are planning to do is weasel out of any 
deal you don't like.

You're not going to like any deal you can get in today's market.

Don't use the 5-Day Method unless you plan to EITHER rent or sell at the 
end of the day.

The math is simple, whether you like it or not.

Investors should not buy any property for rental unless they are SURE 
they can rent if for 10% of the purchase price.

What do you think you could rent your property for in the current market 
for the next year?

Your house is currently worth 10 times that amount, although you may be 
able to find some stupid "investor" who will pay as much as 15 times the 
rental amount.

For the sake of argument, assume I'm right about these "rules of 
thumb".  What is the smartest thing for you to do if my numbers turn out 
to be right?

Most people who already know they are "upside down" on their mortgages 
(they owe more on their mortgages than they can get for their homes) 
should immediately stop paying their mortgages and ask the bank what it 
wants to do.

Either negotiate a deal that works, or walk away from the house.  Don't 
"hope for a miracle" -- deal with reality.

For people moving to a different place, set up a 5-Day Sale, but don't 
run it.  Sign a contract for your new home.  Sell your home in 5 Days 
the following weekend--BY THE BOOK!  (If you fail to sell your home for 
what you thought it was worth you can simply get out of the contract for 
the new home if you must--you won't be able to get the mortgage you 
thought you could get.)  It doesn't matter to you if you sell "cheap" -- 
you will also buy "cheap".

It is widely believed that the rest of the market is populated by 
"investors" who are buying at what they believe to be bargain prices 
with the idea of renting until the market improves.  If history is any 
guide, they will run out of money and put the same houses back on the 
market at lower and lower prices.

This is a very good time to be a renter.  You can live in a house you 
could never afford in the past for less than the interest, taxes and 
insurance on that same house when someone else bought or built it.

Use the rule of thumb to decide what you are going to do.  If you offer 
your home for sale OR rent using the 5-Day Method--follow through at the 
end of the day.  Sell it or rent it to the high bidder.  The 5-Day 
Method is not like a "Hail-Mary pass".  It is not a desperation move.  
It won't work miracles on the market.

What it will do, and this is all I've ever claimed, is get you the high 
end of the current market value in exactly 5 Days.  Don't try the method 
unless you plan to follow through.

Bill Effros







From skyhighplanning at gmail.com  Wed Jan 21 10:32:54 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Wed, 21 Jan 2009 10:32:54 -0500
Subject: [5-DayForum] Selling a fully rented 3 unit building
In-Reply-To: <6B20A9BEB2FD354E9F97E789B45A3A249DA744@nyexcht03.orrick.com>
References: <56F1275930CF4297900DC97FF3FAD093@mdachotaPC>
	<4970154B.7080307@effros.com>
	<6B20A9BEB2FD354E9F97E789B45A3A249DA5EC@nyexcht03.orrick.com>
	<E916CD00-C5E9-4BC2-93BD-E351856CC354@gmail.com>
	<6B20A9BEB2FD354E9F97E789B45A3A249DA744@nyexcht03.orrick.com>
Message-ID: <57D1DCC2-A812-46C4-AF91-AEC08EA41D51@gmail.com>

If you are looking for a buyer or know of anyone needing to sell their  
home in NYC or NJ  feel free to send me the info as I can purchase.   
Thanks

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

"It's kind of fun to do the impossible"
                     -  Walt Disney

Coming Soon:

www.skyhighplanning.com

On Jan 21, 2009, at 9:28 AM, "Claros, Awilda" <aclaros at orrick.com>  
wrote:

> Carlos, thanks for your input.  I was able to find someone in LI to  
> take care of this for me.  Thanks again.
>
> From: 5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com 
>  [mailto:5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com 
> ] On Behalf Of SKY HIGH
> Sent: Friday, January 16, 2009 4:44 PM
> To: How To Sell Your Home in 5-Days
> Subject: Re: [5-DayForum] Selling a fully rented 3 unit building
>
> You would have to get an offer an submit to your lender for  
> approval.  I would strongly recommend you allow a professional to  
> handle the process  as it can become complicated and frustrating.   
> Plus,  it won't cost you anything!
> If you have any further questions feel free to contact me.  I am an  
> investor and short sale specialist.  I would be happy to help if  
> you're interested.
>
> My company has offices in Orlando, FL as well.
>
>
>
> Carlos A. Chica
> Sky High Planning, Inc.
> Cell:        (646) 552-0107
> skyhighplanning at gmail.com
>
>
>
> "It's kind of fun to do the impossible"
>                     -  Walt Disney
>
> On Jan 16, 2009, at 3:54 PM, "Claros, Awilda" <aclaros at orrick.com>  
> wrote:
>
>> Hello everyone, This might not be the place to post this, but I 'll  
>> throw it out there anyway.
>>
>> Does anyone know how I can do a short sale on my own property - New  
>> York, Suffolk County?
>>
>> Anyone in NY (Queens, Long Island, NYC) that can help me?
>>
>> Thanks
>>
>> Awilda
>>
>> From: 5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com 
>>  [mailto:5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com 
>> ] On Behalf Of Bill Effros
>> Sent: Friday, January 16, 2009 12:04 AM
>> To: How To Sell Your Home in 5-Days
>> Subject: Re: [5-DayForum] Selling a fully rented 3 unit building
>>
>> Mark,
>>
>> It's been tried with not much success.  It's hard to find 25  
>> potential buyers for investment property in 3 days, even in good  
>> times.  Now, it's extremely unlikely, and equally unlikely that the  
>> seller is prepared to sell at a price that buyers would find  
>> attractive in this climate.
>>
>> Investors are looking for property at 10 times rent.
>>
>> On both coasts sellers are looking for 30 times rent.
>>
>> Rents will increase, and selling prices will go down until  
>> properties start selling in the 10-15 times rent range.
>>
>> To run a 5 Day sale at this time I would imagine you should offer  
>> the property at 5 times rent.  If that doesn't bring them out (25  
>> by Friday night) nothing will, and you should abandon this  
>> idea...at least for now.
>>
>> Bill Effros, Author
>>
>>
>> Secured Property Investments wrote:
>>>
>>> Hi,
>>>
>>> Having read the book, I have a question.  How can I apply the  
>>> system to sell a fully rented 3 unit building?  I have detailed  
>>> verifiable income/expense analysis and extensive pictures.  I  
>>> don't know the feasibility of having an open house for two days  
>>> with the cooperation of the existing tenants (vacating the  
>>> premises, securing valuables, making their units clean and highly  
>>> presentable).  Not to mention security, for their property and  
>>> belongings.  Has anyone used the 5 day method to sell a multi-unit  
>>> that is fully occupied.  Another possible challenge is since the  
>>> units are all rented, any buyers that want to be an owner occupant  
>>> would not be interested in the property.  The owner occupant was  
>>> the primary focus of the original marketing plan that did not  
>>> produce the intended buyer.
>>>
>>> Thank you,
>>>
>>> Mark @ Norkat Properties
>>>
>>>
>>> _______________________________________________
>>> 5-DayForum mailing list
>>> 5-DayForum at mailman.howtosellyourhomein5days.com
>>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>
>> "EMF <orrick.com>" made the following annotations.
>> --- 
>> --- 
>> --- 
>> ---------------------------------------------------------------------
>> ===========================================================
>>
>> IRS Circular 230 disclosure:
>> To ensure compliance with requirements imposed by the IRS,
>> we inform you that any tax advice contained in this
>> communication, unless expressly stated otherwise, was not
>> intended or written to be used, and cannot be used, for
>> the purpose of (i) avoiding tax-related penalties under
>> the Internal Revenue Code or (ii) promoting, marketing or
>> recommending to another party any tax-related matter(s)
>> addressed herein.
>>
>>
>>
>> ===========================================================
>>
>> NOTICE TO RECIPIENT:  THIS E-MAIL IS  MEANT FOR ONLY THE
>> INTENDED RECIPIENT OF THE TRANSMISSION, AND MAY BE A
>> COMMUNICATION PRIVILEGED BY LAW.  IF YOU RECEIVED THIS E-
>> MAIL IN ERROR, ANY REVIEW, USE, DISSEMINATION,
>> DISTRIBUTION, OR COPYING OF THIS E-MAIL IS STRICTLY
>> PROHIBITED.  PLEASE NOTIFY US IMMEDIATELY OF THE ERROR BY
>> RETURN E-MAIL AND PLEASE DELETE THIS MESSAGE FROM YOUR
>> SYSTEM. THANK YOU IN ADVANCE FOR YOUR COOPERATION.
>>
>> For more information about Orrick, please visit
>> http://www.orrick.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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From bill at effros.com  Wed Jan 21 14:01:19 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 21 Jan 2009 14:01:19 -0500
Subject: [5-DayForum] Marin County, CA Seller Questions
In-Reply-To: <BLU122-W478D3F0390EAD41B487DC7B4D10@phx.gbl>
References: <70A587D0.0BE5.4D59.9E91.9B0AEECF024C@aol.com>
	<BLU122-W478D3F0390EAD41B487DC7B4D10@phx.gbl>
Message-ID: <497770FF.1080606@effros.com>

Thanks, Kyle,

Susan,

I just keep writing the exact same thing over and over, and many of the 
people on the Forum have heard it so often they could be me.

Start by reading the book.

Then look in the archives of this list for more specific information.

You may have been able to get $2,000,000 for that house a year ago, but 
you probably can't get it today.

As such, $999,750 is too high a starting price.

Use my rental formula posted earlier today:

Can you rent that house for $16,000 a month?  If not, what are you SURE 
you could rent it for?

Don't bother fixing anything.  Just disclose everything -- let the 
buyers discount, don't do it for them.

The access is what it is.  People will discount it any way they choose, 
no matter what method you use to sell the house.  Don't worry about it, 
it changes nothing.

My son and daughter-in-law are moving to Mill Valley in a couple of 
weeks.  They went with the idea of buying, but when they saw the 
disparity between rental and buying asking prices, decided to rent.

They are living in a house offered for $500,000 at a rental price of 
$2250.  It was unoccupied for 1/2 year asking $2600. They know if they 
keep looking while they are renting they will eventually find a 
comparable house for $250,000-$275,000.  Then they'll buy. 

If the buyers who made the written offer for $2 million a year ago had 
bought your home then, they would have lost money if they tried to sell 
it today. 

Lose the notion that your home is currently worth $2,000,000.  If you 
believe the value will increase, and you are prepared to hold on, do 
so.  Don't even bother running a 5-Day Sale.  If you think the value 
will decrease, get rid of it as fast as you can.

The 5-Day Method is the fastest way to sell a home at the high end of 
the current market value.  Forget web sites, brokers, etc.  Just follow 
the book.

Bill Effros, Author





Kyle Cascioli wrote:
> Hi SD:
>  
> Here are some thoughts until you hear from Bill ...
>  
> 1.  Tiburon is like Greenwich, CT - where Bill lives and has used his 
> method successfully for years.
>      Bill would tell you that you have over-priced your property 
> during the last year and that you are "chasing the
>      market down."  A bad strategy. 
>  
> 2.  He would tell you that the 50% rule applies to any-priced home and 
> given current market conditions it is more
>      important than ever.  Bill would tell you that you can't start 
> low enough.  He would further advise that property
>      conditions such as steep driveway are overcome by price.
>  
> 3.  I think Bill would tell you to market the house as a 2,400 SF, 2 
> Bedroom, 2 Bath, with separate a 775 SF mother-
>      in-law unit unless there is existing access to the unit from the 
> main living quarters.  He might suggest that when
>      you speak to potential bidders you explain what could be with the 
> space, but not to "complicate" the advertising. 
>      Keep it simple.
>  
> 4.  All leases travel with the land.  That is, the lease with the 
> In-laws would be binding upon the buyer if the In-laws
>      want to stay and have an option to extend.  Under such a 
> scenario, you might want to consider buying them out.
>  
> 5.  He would tell you that someone is going to have to deal with it 
> and if it's not you then the buyer will offer less for
>     the property and it would kill the deal once under contract.  I 
> think he would tell suggest that you deal with it.
>  
> 6.  Bill would likely say that you should run the ad exactly how he 
> describes in the book, that you ignore brokers
>     (they allowed you to get into this mess in the first place by not 
> counseling you properly on pricing), and to use the
>     same verbiage on Craig's list as you run in your print ads.
>  
> 7.  He would tell you that a website is a waste of time and money.
>  
>  
> I can't speak for Bill that is what I think he would say .  If that is 
> what he would say, then I would agree with Bill except for parts of #6 
> and all of #7.  Especially in SF and Silicon Valley.
>  
> Check out www.AuctionBySeller.com <http://www.auctionbyseller.com/> to 
> see case studies on 5 Day Sale for free.  Our "Blog" has a lot of good 
> information as well.
>  
>  
> Good luck and let me know if we can help.
>  
> Kyle Cascioli
> www.AuctionBySeller.com <http://www.auctionbyseller.com/>
>  
>  
>
>
>  
> ------------------------------------------------------------------------
>
> Date: Mon, 19 Jan 2009 04:35:34 -0800
> From: sdeluxexx at aol.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Marin County, CA Seller Questions
>
>
> Dear Bill:
>
> I'm new to your forum but not to unsuccessfully trying to sell my 1 
> acre wooded bay view house in Tiburon, CA, an affluent  enclave (pop 
> 8,500) just north of the Golden Gate Bridge in Marin County, CA.  In 
> July '07 I listed it for $2,499,000 for 4 1/2 months and received one 
> $2 mil written offer which I blew off.  In March '08 I listed with 
> another agent at $2,199,000 for 4 months and received no offers.  A 
> house a 1/2 mile away that's not as nice has been for sale since last 
> September, and they've dropped their price from $2,150,000 to $1,900,000.
>
> Researching your method online has been very empowering, and I plan on 
> buying your book tomorrow.  Here are my initial questions:
>
> 1.  Do you really recommend I advertise my house for $1 mil (assuming 
> it's worth about $2 mil)?  This is a bit scary, and I'm wondering does 
> the 50% rule still apply for higher priced real estate?  What about 
> starting at $1.5 mil instead?  This is a pretty sophisticated market, 
> and do you think that hurts or helps my chances?
>
> 2.  The primary buyer objection has been the access.  To get the 
> panoramic view, the cars are parked further down the hill and 45 steps 
> away from the front door.   Because of the hillside, steep driveway 
> and limited parking, do you think having people walk up the driveway 
> and stairs for the open house will be a big negative?  I'm not quite 
> sure if trying to shuttle buyers up and down the driveway is the 
> answer. Any advice?
>
> 3.  When we added on a big addition six years ago, we made the lower 
> level into a legal 775 sq ft 1 bedrm in-law apartment with separate 
> french door entrance and same quality finishes.  The 2,400 sq ft 
> upstairs (main level) is two bedrms and 2.5 baths.  We designed the 
> house so it can be easily connected internally with a circular 
> staircase if someone so desires.  The downstairs layout accommodates 
> this and the upstairs floor is all ready framed for the install.  My 
> question is how would you suggest we market  the house?  As 3 bedrms 
> and 3.5 baths? Do you think its current configuration will help or 
> hurt our chances to sell?  Should we mention the in-law aspect in our 
> ads or over the phone?
>
> 4.  My in-law tenant's lease is up in July.  If I sell the house using 
> your techniques this spring, how do you suggest I handle the lease?
>
> 5.  I inherited the carport from the previous owner and have 
> previously disclosed I don't believe it was ever built to code.  As 
> part of my seller's prep, if I order a home inspection report I'm 
> afraid the carport issue will open up a potential can of worms.  Any 
> suggestion how to deal with this?
>
> 6.  Both our local Marin County newspaper and SF Chronicle's weekday 
> real estate sections are pretty skimpy, and I'm concerned no one will 
> pay attention to a midweek ad.  Do you ever recommend buying weekday 
> front section display ad space?  How effective is creating a 
> broker-like weekend ad with a color photo of the house?  Any posting 
> tips for Craig's List?
>
> 7.  Does creating a temporary website with photos, features, school 
> district info, etc. help the 5 Day Sale process?
>
> With great appreciation,
>
> Susan Deluxe 
>
> ------------------------------------------------------------------------
> Windows Live?: Keep your life in sync. Check it out. 
> <http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t1_allup_explore_012009> 
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 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 Jan 21 14:03:56 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 21 Jan 2009 14:03:56 -0500
Subject: [5-DayForum] Archives
Message-ID: <4977719C.7080006@effros.com>

The answer to every question asked to date can be found in the Archives.

To View Prior Months' Archives:

www.5-DayForum.com

Click on "About the Forum" link below the 4 blue buttons on the left
side of the home page

Click on "5-DayForum Archives" in the second paragraph of the first topic.

If you are a list member this should give you access to every question
and answer ever posted on the Forum including a downloadable text
version for each month.

You can sort the archives by thread, date, author and subject.

Bill Effros, Author





From real.estate.professor at hotmail.com  Wed Jan 21 14:39:04 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Wed, 21 Jan 2009 13:39:04 -0600
Subject: [5-DayForum] Marin County, CA Seller Questions
In-Reply-To: <497770FF.1080606@effros.com>
References: <70A587D0.0BE5.4D59.9E91.9B0AEECF024C@aol.com>
	<BLU122-W478D3F0390EAD41B487DC7B4D10@phx.gbl>
	<497770FF.1080606@effros.com>
Message-ID: <BLU122-W1885A4E3C3BFF541AEF861B4D10@phx.gbl>


Glad to pitch in ...

Date: Wed, 21 Jan 2009 14:01:19 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Marin County, CA Seller QuestionsThanks, Kyle,Susan,I just keep writing the exact same thing over and over, and many of the people on the Forum have heard it so often they could be me.Start by reading the book.Then look in the archives of this list for more specific information.You may have been able to get $2,000,000 for that house a year ago, but you probably can't get it today.As such, $999,750 is too high a starting price.Use my rental formula posted earlier today:Can you rent that house for $16,000 a month?  If not, what are you SURE you could rent it for?Don't bother fixing anything.  Just disclose everything -- let the buyers discount, don't do it for them.The access is what it is.  People will discount it any way they choose, no matter what method you use to sell the house.  Don't worry about it, it changes nothing.My son and daughter-in-law are moving to Mill Valley in a couple of weeks.  They went with the idea of buying, but when they saw the disparity between rental and buying asking prices, decided to rent.They are living in a house offered for $500,000 at a rental price of $2250.  It was unoccupied for 1/2 year asking $2600. They know if they keep looking while they are renting they will eventually find a comparable house for $250,000-$275,000.  Then they'll buy.  If the buyers who made the written offer for $2 million a year ago had bought your home then, they would have lost money if they tried to sell it today.  Lose the notion that your home is currently worth $2,000,000.  If you believe the value will increase, and you are prepared to hold on, do so.  Don't even bother running a 5-Day Sale.  If you think the value will decrease, get rid of it as fast as you can.The 5-Day Method is the fastest way to sell a home at the high end of the current market value.  Forget web sites, brokers, etc.  Just follow the book.Bill Effros, AuthorKyle Cascioli wrote: 


Hi SD: Here are some thoughts until you hear from Bill ... 1.  Tiburon is like Greenwich, CT - where Bill lives and has used his method successfully for years.     Bill would tell you that you have over-priced your property during the last year and that you are "chasing the      market down."  A bad strategy.  2.  He would tell you that the 50% rule applies to any-priced home and given current market conditions it is more      important than ever.  Bill would tell you that you can't start low enough.  He would further advise that property      conditions such as steep driveway are overcome by price. 3.  I think Bill would tell you to market the house as a 2,400 SF, 2 Bedroom, 2 Bath, with separate a 775 SF mother-     in-law unit unless there is existing access to the unit from the main living quarters.  He might suggest that when      you speak to potential bidders you explain what could be with the space, but not to "complicate" the advertising.       Keep it simple. 4.  All leases travel with the land.  That is, the lease with the In-laws would be binding upon the buyer if the In-laws      want to stay and have an option to extend.  Under such a scenario, you might want to consider buying them out. 5.  He would tell you that someone is going to have to deal with it and if it's not you then the buyer will offer less for     the property and it would kill the deal once under contract.  I think he would tell suggest that you deal with it. 6.  Bill would likely say that you should run the ad exactly how he describes in the book, that you ignore brokers     (they allowed you to get into this mess in the first place by not counseling you properly on pricing), and to use the     same verbiage on Craig's list as you run in your print ads. 7.  He would tell you that a website is a waste of time and money.  I can't speak for Bill that is what I think he would say .  If that is what he would say, then I would agree with Bill except for parts of #6 and all of #7.  Especially in SF and Silicon Valley. Check out www.AuctionBySeller.com to see case studies on 5 Day Sale for free.  Our "Blog" has a lot of good information as well.  Good luck and let me know if we can help. Kyle Cascioliwww.AuctionBySeller.com    

Date: Mon, 19 Jan 2009 04:35:34 -0800From: sdeluxexx at aol.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] Marin County, CA Seller Questions
Dear Bill: 

I'm new to your forum but not to unsuccessfully trying to sell my 1 acre wooded bay view house in Tiburon, CA, an affluent  enclave (pop 8,500) just north of the Golden Gate Bridge in Marin County, CA.  In July '07 I listed it for $2,499,000 for 4 1/2 months and received one $2 mil written offer which I blew off.  In March '08 I listed with another agent at $2,199,000 for 4 months and received no offers.  A house a 1/2 mile away that's not as nice has been for sale since last September, and they've dropped their price from $2,150,000 to $1,900,000.Researching your method online has been very empowering, and I plan on buying your book tomorrow.  Here are my initial questions:

1.  Do you really recommend I advertise my house for $1 mil (assuming it's worth about $2 mil)?  This is a bit scary, and I'm wondering does the 50% rule still apply for higher priced real estate?  What about starting at $1.5 mil instead?  This is a pretty sophisticated market, and do you think that hurts or helps my chances?

2.  The primary buyer objection has been the access.  To get the panoramic view, the cars are parked further down the hill and 45 steps away from the front door.   Because of the hillside, steep driveway and limited parking, do you think having people walk up the driveway and stairs for the open house will be a big negative?  I'm not quite sure if trying to shuttle buyers up and down the driveway is the answer. Any advice?3.  When we added on a big addition six years ago, we made the lower level into a legal 775 sq ft 1 bedrm in-law apartment with separate french door entrance and same quality finishes.  The 2,400 sq ft upstairs (main level) is two bedrms and 2.5 baths.  We designed the house so it can be easily connected internally with a circular staircase if someone so desires.  The downstairs layout accommodates this and the upstairs floor is all ready framed for the install.  My question is how would you suggest we market  the house?  As 3 bedrms and 3.5 baths? Do you think its current configuration will help or hurt our chances to sell?  Should we mention the in-law aspect in our ads or over the phone? 

4.  My in-law tenant's lease is up in July.  If I sell the house using your techniques this spring, how do you suggest I handle the lease?

5.  I inherited the carport from the previous owner and have previously disclosed I don't believe it was ever built to code.  As part of my seller's prep, if I order a home inspection report I'm afraid the carport issue will open up a potential can of worms.  Any suggestion how to deal with this? 

6.  Both our local Marin County newspaper and SF Chronicle's weekday real estate sections are pretty skimpy, and I'm concerned no one will pay attention to a midweek ad.  Do you ever recommend buying weekday front section display ad space?  How effective is creating a broker-like weekend ad with a color photo of the house?  Any posting tips for Craig's List? 

7.  Does creating a temporary website with photos, features, school district info, etc. help the 5 Day Sale process? 

With great appreciation,Susan Deluxe 

Windows Live?: Keep your life in sync. Check it out. 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  
_________________________________________________________________
Windows Live? Hotmail?:?more than just e-mail. 
http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t2_hm_justgotbetter_explore_012009
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From lpinvests at yahoo.com  Wed Jan 21 19:45:58 2009
From: lpinvests at yahoo.com (Lisa Dykes-Hislop)
Date: Wed, 21 Jan 2009 16:45:58 -0800 (PST)
Subject: [5-DayForum] Help w/ 5 day rental Round robin
References: <mailman.8.1232211614.15239.5-dayforum@mailman.howtosellyourhomein5days.com>
Message-ID: <775482.91347.qm@web56305.mail.re3.yahoo.com>

Hello Bill and fellow 5 dayers,
 
  We are interested in possibly doing a 5 day
rental round robin in Lee County Florida
Where there
are a lot of Foreclosures, Short Sales and vacant properties because of 
All the
over building.
 
  Do you know anyone who has recently
successful in running a 5 day rental ?sale?
In and
around Ft Myers, Lehigh Acres, Cape Coral, Naples , etc.
 
  I?d appreciate hearing how it worked out and
any advice J)
 
Thank you,
 
Sincerely ,
Lisa 
 



________________________________
From: "5-dayforum-request at mailman.howtosellyourhomein5days.com" <5-dayforum-request at mailman.howtosellyourhomein5days.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Saturday, January 17, 2009 9:00:14 AM
Subject: 5-DayForum Digest, Vol 22, Issue 22

Send 5-DayForum mailing list submissions to
    5-dayforum at mailman.howtosellyourhomein5days.com

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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. TEST (lis dy)
   2. Re: Selling a fully rented 3 unit building (Claros, Awilda)
   3. Re: Selling a fully rented 3 unit building (SKY HIGH)
   4. Re: TEST (Patricia Lone)
   5. Re: Selling a fully rented 3 unit building
      (Loveandmoney05 at aol.com)



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

TEST 



-----Inline Message Follows-----


Hello everyone, This might not be the place to post this, but I 'll throw 
it out there anyway.
 
Does anyone know how I can do a short sale on my own property - New York, 
Suffolk County?
 
Anyone in NY (Queens, Long Island, NYC) that can help 
me?
 
Thanks
 
Awilda


________________________________
 From: 5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com 
[mailto:5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Friday, January 16, 2009 12:04 
AM
To: How To Sell Your Home in 5-Days
Subject: Re: 
[5-DayForum] Selling a fully rented 3 unit building

Mark,

It's been tried with not much success.  It's hard 
to find 25 potential buyers for investment property in 3 days, even in good 
times.  Now, it's extremely unlikely, and equally unlikely that the seller 
is prepared to sell at a price that buyers would find attractive in this 
climate.

Investors are looking for property at 10 times rent.

On 
both coasts sellers are looking for 30 times rent.

Rents will increase, 
and selling prices will go down until properties start selling in the 10-15 
times rent range.

To run a 5 Day sale at this time I would imagine you 
should offer the property at 5 times rent.  If that doesn't bring them out 
(25 by Friday night) nothing will, and you should abandon this idea...at least 
for now.

Bill Effros, Author


Secured Property Investments 
wrote: 
 
Hi,
 
Having read the book, I have a question.   How can I apply the system to sell a fully rented 3 unit building?  I  have detailed verifiable income/expense analysis and extensive pictures.   I don't know the feasibility of having an open house for two days with the  cooperation of the existing tenants (vacating the premises, securing  valuables, making their units clean and highly presentable).  Not to  mention security, for their property and belongings.  Has anyone used the  5 day method to sell a multi-unit that is fully occupied.  Another  possible challenge is since the units are all rented, any buyers that want to  be an owner occupant would not be interested in the property.  The owner  occupant was the primary focus of the original marketing plan that did not  produce the intended buyer.
 
Thank you,
 
Mark @ Norkat Properties
 
 

________________________________

_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 
"EMF <orrick.com>" made the following annotations.
------------------------------------------------------------------------------
===========================================================

IRS Circular 230 disclosure:
To ensure compliance with requirements imposed by the IRS, 
we inform you that any tax advice contained in this 
communication, unless expressly stated otherwise, was not 
intended or written to be used, and cannot be used, for 
the purpose of (i) avoiding tax-related penalties under 
the Internal Revenue Code or (ii) promoting, marketing or 
recommending to another party any tax-related matter(s) 
addressed herein.



===========================================================

NOTICE TO RECIPIENT:  THIS E-MAIL IS  MEANT FOR ONLY THE 
INTENDED RECIPIENT OF THE TRANSMISSION, AND MAY BE A 
COMMUNICATION PRIVILEGED BY LAW.  IF YOU RECEIVED THIS E-
MAIL IN ERROR, ANY REVIEW, USE, DISSEMINATION, 
DISTRIBUTION, OR COPYING OF THIS E-MAIL IS STRICTLY 
PROHIBITED.  PLEASE NOTIFY US IMMEDIATELY OF THE ERROR BY 
RETURN E-MAIL AND PLEASE DELETE THIS MESSAGE FROM YOUR 
SYSTEM. THANK YOU IN ADVANCE FOR YOUR COOPERATION.

For more information about Orrick, please visit 
http://www.orrick.com/
===========================================================
==============================================================================

Hello everyone, This might not be the place to post this, but I 'll throw 
it out there anyway.
 
Does anyone know how I can do a short sale on my own property - New York, 
Suffolk County?
 
Anyone in NY (Queens, Long Island, NYC) that can help 
me?
 
Thanks
 
Awilda


________________________________
 From: 5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com 
[mailto:5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Friday, January 16, 2009 12:04 
AM
To: How To Sell Your Home in 5-Days
Subject: Re: 
[5-DayForum] Selling a fully rented 3 unit building

Mark,

It's been tried with not much success.  It's hard 
to find 25 potential buyers for investment property in 3 days, even in good 
times.  Now, it's extremely unlikely, and equally unlikely that the seller 
is prepared to sell at a price that buyers would find attractive in this 
climate.

Investors are looking for property at 10 times rent.

On 
both coasts sellers are looking for 30 times rent.

Rents will increase, 
and selling prices will go down until properties start selling in the 10-15 
times rent range.

To run a 5 Day sale at this time I would imagine you 
should offer the property at 5 times rent.  If that doesn't bring them out 
(25 by Friday night) nothing will, and you should abandon this idea...at least 
for now.

Bill Effros, Author


Secured Property Investments 
wrote: 
 
Hi,
 
Having read the book, I have a question.   How can I apply the system to sell a fully rented 3 unit building?  I  have detailed verifiable income/expense analysis and extensive pictures.   I don't know the feasibility of having an open house for two days with the  cooperation of the existing tenants (vacating the premises, securing  valuables, making their units clean and highly presentable).  Not to  mention security, for their property and belongings.  Has anyone used the  5 day method to sell a multi-unit that is fully occupied.  Another  possible challenge is since the units are all rented, any buyers that want to  be an owner occupant would not be interested in the property.  The owner  occupant was the primary focus of the original marketing plan that did not  produce the intended buyer.
 
Thank you,
 
Mark @ Norkat Properties
 
 

________________________________

_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 
"EMF <orrick.com>" made the following annotations.
------------------------------------------------------------------------------
===========================================================

IRS Circular 230 disclosure:
To ensure compliance with requirements imposed by the IRS, 
we inform you that any tax advice contained in this 
communication, unless expressly stated otherwise, was not 
intended or written to be used, and cannot be used, for 
the purpose of (i) avoiding tax-related penalties under 
the Internal Revenue Code or (ii) promoting, marketing or 
recommending to another party any tax-related matter(s) 
addressed herein.



===========================================================

NOTICE TO RECIPIENT:  THIS E-MAIL IS  MEANT FOR ONLY THE 
INTENDED RECIPIENT OF THE TRANSMISSION, AND MAY BE A 
COMMUNICATION PRIVILEGED BY LAW.  IF YOU RECEIVED THIS E-
MAIL IN ERROR, ANY REVIEW, USE, DISSEMINATION, 
DISTRIBUTION, OR COPYING OF THIS E-MAIL IS STRICTLY 
PROHIBITED.  PLEASE NOTIFY US IMMEDIATELY OF THE ERROR BY 
RETURN E-MAIL AND PLEASE DELETE THIS MESSAGE FROM YOUR 
SYSTEM. THANK YOU IN ADVANCE FOR YOUR COOPERATION.

For more information about Orrick, please visit 
http://www.orrick.com/
===========================================================
==============================================================================



-----Inline Message Follows-----


Hello everyone, This might not be the place to post this, but I 'll throw 
it out there anyway.
 
Does anyone know how I can do a short sale on my own property - New York, 
Suffolk County?
 
Anyone in NY (Queens, Long Island, NYC) that can help 
me?
 
Thanks
 
Awilda


________________________________
 From: 5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Friday, January 16, 2009 12:04 
AM
To: How To Sell Your Home in 5-Days
Subject: Re: 
[5-DayForum] Selling a fully rented 3 unit building

Mark,

It's been tried with not much success.  It's hard 
to find 25 potential buyers for investment property in 3 days, even in good 
times.  Now, it's extremely unlikely, and equally unlikely that the seller 
is prepared to sell at a price that buyers would find attractive in this 
climate.

Investors are looking for property at 10 times rent.

On 
both coasts sellers are looking for 30 times rent.

Rents will increase, 
and selling prices will go down until properties start selling in the 10-15 
times rent range.

To run a 5 Day sale at this time I would imagine you 
should offer the property at 5 times rent.  If that doesn't bring them out 
(25 by Friday night) nothing will, and you should abandon this idea...at least 
for now.

Bill Effros, Author


Secured Property Investments 
wrote: 
Hi,
 
Having read the book, I have a question.   How can I apply the system to sell a fully rented 3 unit building?  I  have detailed verifiable income/expense analysis and extensive pictures.   I don't know the feasibility of having an open house for two days with the  cooperation of the existing tenants (vacating the premises, securing  valuables, making their units clean and highly presentable).  Not to  mention security, for their property and belongings.  Has anyone used the  5 day method to sell a multi-unit that is fully occupied.  Another  possible challenge is since the units are all rented, any buyers that want to  be an owner occupant would not be interested in the property.  The owner  occupant was the primary focus of the original marketing plan that did not  produce the intended buyer.
 
Thank you,
 
Mark @ Norkat Properties
 
 

________________________________
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 
"EMF <orrick.com>" made the following annotations.
------------------------------------------------------------------------------
===========================================================

IRS Circular 230 disclosure:
To ensure compliance with requirements imposed by the IRS, 
we inform you that any tax advice contained in this 
communication, unless expressly stated otherwise, was not 
intended or written to be used, and cannot be used, for 
the purpose of (i) avoiding tax-related penalties under 
the Internal Revenue Code or (ii) promoting, marketing or 
recommending to another party any tax-related matter(s) 
addressed herein.



===========================================================

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===========================================================
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You would have to get an offer an submit to your lender for approval.  I would strongly recommend you allow a professional to handle the process as it can become complicated and frustrating.  Plus,  it won't cost you anything!
If you have any further questions feel free to contact me.  I am an investor and short sale specialist.  I would be happy to help if you're interested.

My company has offices in Orlando, FL as well.



Carlos A. Chica
Sky High Planning, Inc.
Cell:        (646) 552-0107
skyhighplanning at gmail.com



"It's kind of fun to do the impossible"
                    -  Walt Disney

On Jan 16, 2009, at 3:54 PM, "Claros, Awilda" <aclaros at orrick.com> wrote:


Hello everyone, This might not be the place to post this, but I 'll throw 
it out there anyway.
 
Does anyone know how I can do a short sale on my own property - New York, 
Suffolk County?
 
Anyone in NY (Queens, Long Island, NYC) that can help 
me?
 
Thanks
 
Awilda


________________________________
 From: 5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Friday, January 16, 2009 12:04 
AM
To: How To Sell Your Home in 5-Days
Subject: Re: 
[5-DayForum] Selling a fully rented 3 unit building

Mark,

It's been tried with not much success.  It's hard 
to find 25 potential buyers for investment property in 3 days, even in good 
times.  Now, it's extremely unlikely, and equally unlikely that the seller 
is prepared to sell at a price that buyers would find attractive in this 
climate.

Investors are looking for property at 10 times rent.

On 
both coasts sellers are looking for 30 times rent.

Rents will increase, 
and selling prices will go down until properties start selling in the 10-15 
times rent range.

To run a 5 Day sale at this time I would imagine you 
should offer the property at 5 times rent.  If that doesn't bring them out 
(25 by Friday night) nothing will, and you should abandon this idea...at least 
for now.

Bill Effros, Author


Secured Property Investments 
wrote: 
Hi,
 
Having read the book, I have a question.   How can I apply the system to sell a fully rented 3 unit building?  I  have detailed verifiable income/expense analysis and extensive pictures.   I don't know the feasibility of having an open house for two days with the  cooperation of the existing tenants (vacating the premises, securing  valuables, making their units clean and highly presentable).  Not to  mention security, for their property and belongings.  Has anyone used the  5 day method to sell a multi-unit that is fully occupied.  Another  possible challenge is since the units are all rented, any buyers that want to  be an owner occupant would not be interested in the property.  The owner  occupant was the primary focus of the original marketing plan that did not  produce the intended buyer.
 
Thank you,
 
Mark @ Norkat Properties
 
 

________________________________
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 
"EMF <orrick.com>" made the following annotations.
------------------------------------------------------------------------------
===========================================================

IRS Circular 230 disclosure:
To ensure compliance with requirements imposed by the IRS, 
we inform you that any tax advice contained in this 
communication, unless expressly stated otherwise, was not 
intended or written to be used, and cannot be used, for 
the purpose of (i) avoiding tax-related penalties under 
the Internal Revenue Code or (ii) promoting, marketing or 
recommending to another party any tax-related matter(s) 
addressed herein.



===========================================================

NOTICE TO RECIPIENT:  THIS E-MAIL IS  MEANT FOR ONLY THE 
INTENDED RECIPIENT OF THE TRANSMISSION, AND MAY BE A 
COMMUNICATION PRIVILEGED BY LAW.  IF YOU RECEIVED THIS E-
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DISTRIBUTION, OR COPYING OF THIS E-MAIL IS STRICTLY 
PROHIBITED.  PLEASE NOTIFY US IMMEDIATELY OF THE ERROR BY 
RETURN E-MAIL AND PLEASE DELETE THIS MESSAGE FROM YOUR 
SYSTEM. THANK YOU IN ADVANCE FOR YOUR COOPERATION.

For more information about Orrick, please visit 
http://www.orrick.com/
===========================================================
==============================================================================

_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
 
Hi!  It's working.

Patricia  
Michigan, Conservator/Landlord/Seller

           "If you need help, ask God; If you don't, thank God."
________________________________
 Date: Fri, 16 Jan 2009 11:53:45 -0800
From: lisdy4 at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] TEST

TEST 



-----Inline Message Follows-----


Hi.  I grew up on LI, in Babylon.  My family is still there and 
in Bay Shore.
I do short sales in my area on Pennsylvania and would be happy to talk to 
you.  You are likely much better off NOT doing it yourself as i rarely see 
a homeowner do well on their own.
Call me ant time before 8 pm.  weekends are fine.
Danielle  917-589-9651
 
In a message dated 1/16/2009 4:03:23 P.M. Eastern Standard Time, 
aclaros at orrick.com writes:
Hello everyone, This might not be the place to post this, but I 'll  throw it out there anyway.
 
Does anyone know how I can do a short sale on my own property - New  York, Suffolk County?
 
Anyone in NY (Queens, Long Island, NYC) that can help  me?
 
Thanks
 
Awilda


________________________________
 From: 5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com  [mailto:5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Friday, January 16, 2009 12:04  AM
To: How To Sell Your Home in 5-Days
Subject: Re:  [5-DayForum] Selling a fully rented 3 unit building

Mark,

It's been tried with not much success.  It's hard  to find 25 potential buyers for investment property in 3 days, even in good  times.  Now, it's extremely unlikely, and equally unlikely that the  seller is prepared to sell at a price that buyers would find attractive in  this climate.

Investors are looking for property at 10 times  rent.

On both coasts sellers are looking for 30 times  rent.

Rents will increase, and selling prices will go down until  properties start selling in the 10-15 times rent range.

To run a 5 Day  sale at this time I would imagine you should offer the property at 5 times  rent.  If that doesn't bring them out (25 by Friday night) nothing will,  and you should abandon this idea...at least for now.

Bill Effros,  Author


Secured Property Investments wrote: 
 
Hi,
 
Having read the book, I have a question.   How can I apply the system to sell a fully rented 3 unit building?  I  have detailed verifiable income/expense analysis and extensive  pictures.  I don't know the feasibility of having an open house for two  days with the cooperation of the existing tenants (vacating the premises,  securing valuables, making their units clean and highly presentable).   Not to mention security, for their property and belongings.  Has anyone  used the 5 day method to sell a multi-unit that is fully occupied.   Another possible challenge is since the units are all rented, any buyers  that want to be an owner occupant would not be interested in the  property.  The owner occupant was the primary focus of the original  marketing plan that did not produce the intended buyer.
 
Thank you,
 
Mark @ Norkat Properties
 
 

________________________________
 _______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 
"EMF <orrick.com>" made the following annotations.
------------------------------------------------------------------------------
===========================================================

IRS Circular 230 disclosure:
To ensure compliance with requirements imposed by the IRS, 
we inform you that any tax advice contained in this 
communication, unless expressly stated otherwise, was not 
intended or written to be used, and cannot be used, for 
the purpose of (i) avoiding tax-related penalties under 
the Internal Revenue Code or (ii) promoting, marketing or 
recommending to another party any tax-related matter(s) 
addressed herein.



===========================================================

NOTICE TO RECIPIENT:  THIS E-MAIL IS  MEANT FOR ONLY THE 
INTENDED RECIPIENT OF THE TRANSMISSION, AND MAY BE A 
COMMUNICATION PRIVILEGED BY LAW.  IF YOU RECEIVED THIS E-
MAIL IN ERROR, ANY REVIEW, USE, DISSEMINATION, 
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PROHIBITED.  PLEASE NOTIFY US IMMEDIATELY OF THE ERROR BY 
RETURN E-MAIL AND PLEASE DELETE THIS MESSAGE FROM YOUR 
SYSTEM. THANK YOU IN ADVANCE FOR YOUR COOPERATION.

For more information about Orrick, please visit 
http://www.orrick.com/
===========================================================
==============================================================================


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





________________________________
Inauguration '09:  Get complete coverage from the nation's capital.
Hi.  I grew up on LI, in Babylon.  My family is still there and 
in Bay Shore.
I do short sales in my area on Pennsylvania and would be happy to talk to 
you.  You are likely much better off NOT doing it yourself as i rarely see 
a homeowner do well on their own.
Call me ant time before 8 pm.  weekends are fine.
Danielle  917-589-9651
 
In a message dated 1/16/2009 4:03:23 P.M. Eastern Standard Time, 
aclaros at orrick.com writes:
Hello everyone, This might not be the place to post this, but I 'll  throw it out there anyway.
 
Does anyone know how I can do a short sale on my own property - New  York, Suffolk County?
 
Anyone in NY (Queens, Long Island, NYC) that can help  me?
 
Thanks
 
Awilda


________________________________
 From: 5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com  [mailto:5-dayforum-bounces+aclaros=orrick.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros
Sent: Friday, January 16, 2009 12:04  AM
To: How To Sell Your Home in 5-Days
Subject: Re:  [5-DayForum] Selling a fully rented 3 unit building

Mark,

It's been tried with not much success.  It's hard  to find 25 potential buyers for investment property in 3 days, even in good  times.  Now, it's extremely unlikely, and equally unlikely that the  seller is prepared to sell at a price that buyers would find attractive in  this climate.

Investors are looking for property at 10 times  rent.

On both coasts sellers are looking for 30 times  rent.

Rents will increase, and selling prices will go down until  properties start selling in the 10-15 times rent range.

To run a 5 Day  sale at this time I would imagine you should offer the property at 5 times  rent.  If that doesn't bring them out (25 by Friday night) nothing will,  and you should abandon this idea...at least for now.

Bill Effros,  Author


Secured Property Investments wrote: 
 
Hi,
 
Having read the book, I have a question.   How can I apply the system to sell a fully rented 3 unit building?  I  have detailed verifiable income/expense analysis and extensive  pictures.  I don't know the feasibility of having an open house for two  days with the cooperation of the existing tenants (vacating the premises,  securing valuables, making their units clean and highly presentable).   Not to mention security, for their property and belongings.  Has anyone  used the 5 day method to sell a multi-unit that is fully occupied.   Another possible challenge is since the units are all rented, any buyers  that want to be an owner occupant would not be interested in the  property.  The owner occupant was the primary focus of the original  marketing plan that did not produce the intended buyer.
 
Thank you,
 
Mark @ Norkat Properties
 
 

________________________________
 _______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 
"EMF <orrick.com>" made the following annotations.
------------------------------------------------------------------------------
===========================================================

IRS Circular 230 disclosure:
To ensure compliance with requirements imposed by the IRS, 
we inform you that any tax advice contained in this 
communication, unless expressly stated otherwise, was not 
intended or written to be used, and cannot be used, for 
the purpose of (i) avoiding tax-related penalties under 
the Internal Revenue Code or (ii) promoting, marketing or 
recommending to another party any tax-related matter(s) 
addressed herein.



===========================================================

NOTICE TO RECIPIENT:  THIS E-MAIL IS  MEANT FOR ONLY THE 
INTENDED RECIPIENT OF THE TRANSMISSION, AND MAY BE A 
COMMUNICATION PRIVILEGED BY LAW.  IF YOU RECEIVED THIS E-
MAIL IN ERROR, ANY REVIEW, USE, DISSEMINATION, 
DISTRIBUTION, OR COPYING OF THIS E-MAIL IS STRICTLY 
PROHIBITED.  PLEASE NOTIFY US IMMEDIATELY OF THE ERROR BY 
RETURN E-MAIL AND PLEASE DELETE THIS MESSAGE FROM YOUR 
SYSTEM. THANK YOU IN ADVANCE FOR YOUR COOPERATION.

For more information about Orrick, please visit 
http://www.orrick.com/
===========================================================
==============================================================================


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





________________________________
Inauguration '09:  Get complete coverage from the nation's capital._______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
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From MoseyMe at aol.com  Wed Jan 21 20:57:36 2009
From: MoseyMe at aol.com (MoseyMe at aol.com)
Date: Wed, 21 Jan 2009 20:57:36 EST
Subject: [5-DayForum] Archives
Message-ID: <d3d.372bd221.36a92c90@aol.com>

Thanks for your information on how to find the  information I requested in 
the archives. I am just learning how to use the  system. I bought your book at 
Barnes & Nobel last weekend after reading  parts of it over the previous few 
weeks. 
 
Tom L.
 
 
In a message dated 1/21/2009 1:04:22 P.M. Central Standard Time,  
bill at effros.com writes:

The  answer to every question asked to date can be found in the Archives.

To  View Prior Months' Archives:

www.5-DayForum.com

Click on "About  the Forum" link below the 4 blue buttons on the left
side of the home  page

Click on "5-DayForum Archives" in the second paragraph of the  first topic.

If you are a list member this should give you access to  every question
and answer ever posted on the Forum including a downloadable  text
version for each month.

You can sort the archives by thread,  date, author and subject.

Bill Effros,  Author




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**************A Good Credit Score is 700 or Above. See yours in just 2 easy 
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From bill at effros.com  Wed Jan 21 23:26:12 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 21 Jan 2009 23:26:12 -0500
Subject: [5-DayForum] Google 5-DayForum
Message-ID: <4977F564.3010400@effros.com>

Google keeps changing its algorithms to keep people from gaming the 
system, so the method for Googling the 5-DayForum archives keeps changing.

Currently this works best for me:

In the Google Search box type:

"5-DayForum Rental" (No quotation marks, 5-DayForum no spaces -- to find 
information on the topic Rental.)

Change the topic to anything or anyone you are looking for.

Initially you will probably just get 1/2 dozen links.

On the bottom of the page should be the following link:

/repeat the search with the omitted results included 
<http://www.google.com/search?q=5-DayForum+mark+conway&hl=en&filter=0>

/Click the link ON THE WEB PAGE -- NOT HERE.

You should get scores of additional links.

The archives are pretty wide and deep.  Using Google you can find almost 
anything you are looking for in a few minutes.

Bill Effros, Author


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From ourpeanutpond at comcast.net  Thu Jan 22 09:32:09 2009
From: ourpeanutpond at comcast.net (ourpeanutpond at comcast.net)
Date: Thu, 22 Jan 2009 14:32:09 +0000 (UTC)
Subject: [5-DayForum] Specific Town Market Information
Message-ID: <1820426273.66801232634729837.JavaMail.root@sz0118a.westchester.pa.mail.comcast.net>


Dear Bill, 

I am planning on doing a 5 - day sale on my home in Canton, CT outside of Hartford. It is an antique colonial with a large barn on 17 + acres. My question is how to figure out when to sell given the current real estate market problems. Friends advise not to sell until spring '09; I suppose the rationale is that loans will become more available by then. Not being an expert on the economy, I am not sure that the rationale is actually correct. 



JAC 


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From ourpeanutpond at comcast.net  Thu Jan 22 09:32:09 2009
From: ourpeanutpond at comcast.net (ourpeanutpond at comcast.net)
Date: Thu, 22 Jan 2009 14:32:09 +0000 (UTC)
Subject: [5-DayForum] Specific Town Market Information
Message-ID: <1820426273.66801232634729837.JavaMail.root@sz0118a.westchester.pa.mail.comcast.net>


Dear Bill, 

I am planning on doing a 5 - day sale on my home in Canton, CT outside of Hartford. It is an antique colonial with a large barn on 17 + acres. My question is how to figure out when to sell given the current real estate market problems. Friends advise not to sell until spring '09; I suppose the rationale is that loans will become more available by then. Not being an expert on the economy, I am not sure that the rationale is actually correct. 



JAC 


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From bill at effros.com  Thu Jan 22 10:00:33 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 22 Jan 2009 10:00:33 -0500
Subject: [5-DayForum] Why Can't I Post?
Message-ID: <49788A11.9040205@effros.com>

You must join the 5-Day Forum to freely post.

Each message posted by non-members must first be cleared by me.  This is
how I filter out the spammers.  Sometimes I'm not on top of all messages
posted to the Forum, so a message waits for me to find it before going
through.

Even after you become a member, the first time you post, it must go
through me.  If I remember to clear your "moderator" flag, all
subsequent posts go directly to the Forum, without waiting for my
approval.  I remember most of the time.

If you are in "Digest" mode, you won't know you have posted until you
get the next Digest.

Once you're a member of the Forum, you can change your subscription
around to suit yourself.  You can go into digest mode so you only get
one e-mail a day.  You can go into vacation mode, so you don't get any
e-mail, but you retain the ability to post to the list when you choose
to do so.

If you look in the subject line and it says within brackets "5-DayForum"
that means it came through the list server, and everyone else on the
list got the same message.

If your e-mail is not posting, even after you're on the list, send
yourself a carbon copy at the same time you send to the list.  If you
don't get the copy, the problem is on your end.  If you do get the copy,
but the email doesn't post to the Forum, it is likely it really did post
to the Forum, as well, and you should get a reply at some point if you
wait, or look around in your own computer.

Check the security settings on your computer.  Because of the high
volume of email, some spam filters will identify the 5-DayForum as spam,
and throw some stuff into your junk folder.  If you find some 5-DayForum
email in your junk folder, set your spam filter to accept all incoming
email from "www.5-DayForum.com".

If my server goes down, which sometimes happens, you won't get
any 5-DayForum email from anyone until we fix my server on my end.  At
that point, you'll get everything posted while we were down.  The server
isn't smart enough to arbitrarily discriminate against you.

Bill Effros, 5-DayForum List Administrator




From bill at effros.com  Thu Jan 22 10:13:32 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 22 Jan 2009 10:13:32 -0500
Subject: [5-DayForum] When to Sell a Home
In-Reply-To: <1820426273.66801232634729837.JavaMail.root@sz0118a.westchester.pa.mail.comcast.net>
References: <1820426273.66801232634729837.JavaMail.root@sz0118a.westchester.pa.mail.comcast.net>
Message-ID: <49788D1C.9070103@effros.com>

JAC,

If you believe the market is going down, you should sell as soon as 
possible.

If you believe it is going up, you should hold on as long as you can.

If you think it will remain flat, you should sell as soon as you want.

The time of year makes absolutely no difference in terms of price.  More 
homes are sold in the spring, probably to fit the move into school 
vacation calendars.

However, if Real Estate Brokers' numbers are to be believed, the average 
amount of time it took to sell a home used to be 6 months--now I think 
it's 11.  Assuming most homes went on the market in the Spring, most of 
the homes put on the market that spring did not sell until some other 
season--or stayed on the market beyond the following Spring.

Anyone who put a home on the market last Spring, but did not sell it 
until this Spring, almost surely will get less for that home than could 
have been obtained any time last year.

If you use the 5-Day Method -- and follow the book closely -- you can 
sell your home whenever you want at the high end of the current market 
value.

Bill Effros, Author







ourpeanutpond at comcast.net wrote:
> Dear Bill,
>  
> I am planning on doing a 5 - day sale on my home in Canton, CT outside 
> of Hartford. It is an antique colonial with a large barn on 17 + 
> acres. My question is how to figure out /when /to sell given the 
> current real estate market problems. Friends advise not to sell until 
> spring '09; I suppose the rationale is that loans will become more 
> available by then. Not being an expert on the economy, I am not sure 
> that the rationale is actually correct.
>
>  
> JAC
>
>
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From kyleandtiffanyinvest at gmail.com  Thu Jan 22 16:50:10 2009
From: kyleandtiffanyinvest at gmail.com (Tiffany Humfeld)
Date: Thu, 22 Jan 2009 13:50:10 -0800
Subject: [5-DayForum] 5 day rental in CA/1st 5 Day experience
Message-ID: <90c4526d0901221350n11f93f6jeaf2f6ecde248c12@mail.gmail.com>

Hi There,
  I've posted to the site asking questions about being a consultant to
sellers who want to sell in CA.  Well, my husband and I decided to use the
method on ourselves first for a rental property.  We believe we made several
mistakes, but are generally happy with the results.  Here's the set-up.  We
have a 3bed/2.5bath townhome in Signal Hill, CA (a little city surrounded by
Long Beach, CA).  We recently moved and wanted to keep the property as an
investment.  We originally priced the rental at $2395/month (our cost).  We
wasted a lot of time by having people come view the property (or make
appointments to view it) and completely flake out.  We even attempted to
make appointments with multiple parties at once, on the chance that someone
would show.  We eventually lowered the asking price to $2200 (what the next
door neighbors have been paying for over a year).  We had one party who
managed to turn in one application and we agreed to rent it to them for
$2100.  But the spouse did not turn in her application and they dropped off
the map.  So, the biggest problem is time wasted, lack of follow through by
people who see the place (although most everyone really likes it), and not
really knowing what the market rent is (even though we know what our
neighbors pay).  So, we decided to do a 5 day rental and require that in
order to bid initially nothing is required.  We got about 28 responses by
Friday night with email/phone and I contacted the 18 people who responded a
couple weeks before when we initially posted the rental and cancelled due to
lack of safety valve.  As part of our rules, if they wanted to be in the
phone bid they would have to submit an application and $35 application fee
(we really wanted to get people who were serious and wouldn't waste our time
like we'd been experiencing).  Saturday night we realized that this was a
mistake because it stops people from advancing the bid and turns people off
So, we called/emailed people and told the few people who did give us fees
that we would return their money if they didn't win.  The highest bids we
got were on Saturday.  One was $2000 from a family who previously flaked on
us on at least 5 separate occasions.  Another was from a guy who bid $2200.
The next highest were $1700.  So, Sunday night we were pretty hopeful, but
didn't get any higher bids.  Most of the bids seemed to be max bids because
the round robin was more of a flat robin.  We didn't call the 5 time flakers
because they didn't turn in an app.  The highest bidder ($2000) couldn't be
reached because he was on a flight. We knew he would be traveling but he
said he would be available at that time.  So, that left $1700 as our highest
bid.  The most exciting thing that happened was someone called back to match
that $1700 should the first one fall through. So, we proceeded to
congratulate the first and give them till 8pm the next day to turn in their
application fee.  We even set up a PayPal account to make it easy and
convenient.  We stretched it out until 6pm the next day and after several
unsuccessful phone attempts to reach them we decided they were not
interested.  We later got an email that confirmed that.  So, just to leave
our options open, we checked the credit on the highest bidder.  It did not
meet our rental screening qualifications (which we had printed and available
at the 5 day) and seemed way too risky for us. So, we contacted the second
runners up.  They were very interested.  They got us paystubs, a check for
credit screening, and a w-2 the next morning.  We're scheduled to accept a
security deposit and sign rental agreements tomorrow (Friday). Lesson here?
Don't require any money up front or applications. It makes it more confusing
and will prevent you from getting high bids.  That's what Monday is for.  If
people are really serious you get their apps/fees on Monday morning.  If
they fall through you go down the list.  The other thing was that we did it
on Martin Luther King weekend.  So, we may not have gotten the true high
buyer/renter.  But, we still had probably 40ish parties come through the
door.  We advertised starting Wednesday night (the point at which we
discovered the previous applicants were bailing) which means we lost a
little time there.  I used Craigslist and advertised starting at $995.  I
also used Postlets which posts to many different rental website and
PennySaver online.  Craigslist seems to be the only online method that
worked.  Then we posted neon yard signs in the communal area around the
complex (visible from the street) and we got lots of attention from that.
Additionally, I posted small neon ads at 5 local coffee shops/cleaners.  I
don't think that got much response.  Most people saw the yard signs.  I
didn't get back to people until about 5:30 at night which lost some
potential bidders because they emailed me from their work email and gave
only their work phone number.  I didn't include a phone number in the online
ad because I wanted to gauge where the attention came from.  On the yard
signs I didn't include an email address, only a phone number. Sooooo, for
next time I will pick a different weekend (but we were getting desperate and
couldn't do a different weekend this time), advertise beginning Wednesday
morning (possibly doing one print ad in a newspaper, but we didn't plan far
enough in advance to do this this time), and not require anything up front
to bid.

So, we got wayyyyy less than we would have liked.  But, we can hold it that
way for a while.  The new tenants seem to be perpetual renters (they
currently live 2 blocks away on the same street for 10 years).  So, overall,
this could work out well for us.

Thanks for the book, Bill.  We met a lot of nice people who thought it was a
neat idea.  I'm still really interested in running these for other people
for sales.  It's just a matter of the licensing/legalities that's currently
got me stumped/bummed.

Bill, I would request that you ad a bit more information about 5 day rentals
in the next addition of the book.  With just one page in the book we felt
like we could use a little more guidance and the factors of
applications/screening fees/screening policies definitely made it more
complicated than a sale in some ways, especially since we are going to
manage the property ourselves and continue to maintain it.

Tiffany

p.s. We had one friend helping each day and it was definitely necessary to
have three people (2 greeters, 1 closer).  I would recommend having 4 people
so you don't risk having the closer leave position at any time.

On Sun, Jan 11, 2009 at 9:00 AM, <
5-dayforum-request at mailman.howtosellyourhomein5days.com> wrote:

> Send 5-DayForum mailing list submissions to
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>
> Today's Topics:
>
>   1. Re: One person doing it all... (Patricia Lone)
>   2. Re: One person doing it all... (Patricia Lone)
>   3. Re: One person doing it all... (tgarter at comcast.net)
>   4. Re: One person doing it all... (Patricia Lone)
>   5. Re: One person doing it all... (j crafor)
>   6. Re: Sale Diary Tucson day 4 (j crafor)
>   7. Re: One person doing it all... (Patricia Lone)
>   8. Re: One person doing it all... (j crafor)
>   9. Re: Sale Diary Tucson day 4 (Patricia Lone)
>
>
> ---------- Forwarded message ----------
> From: Patricia Lone <patricialone at hotmail.com>
> To: 5-Day Forum <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Sat, 10 Jan 2009 12:27:04 -0500
> Subject: Re: [5-DayForum] One person doing it all...
>
> *Come on over!!  CHARLOTTE IS only THIRTY MINUTES from me!  Except and
> although... my best guestimate is that you meant Charlotte, "North
> Carolina," and not Charlotte, "MICHIGAN"...
>
>   Thanks for the thought, when the time draws closer, I will do that if I
> haven't found anyone I already know.
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller
>
>            **"If you need help, ask God; If you don't, thank God."*
>
> ------------------------------
> From: rosemarie-fred at mindspring.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Fri, 9 Jan 2009 13:41:57 -0500
> Subject: Re: [5-DayForum] One person doing it all...
>
> Here's an idea for you. Back when Bill had us all organized, we would post
> our location as part of the subject line. Why don't you go back in the
> archives and see if you can find someone who has done this, or at least been
> part of the forum in the past? They may be willing to help out. If you were
> in Charlotte, I would help you! That way someone who is familiar with the
> process can be on the scene.
> Good luck!
> Rosemarie - occasional seller, investor, student of the 5-day sale!
>
> ----- Original Message -----
> *From:* Patricia Lone <patricialone at hotmail.com>
> *To:* 5-Day Forum <5-dayforum at mailman.howtosellyourhomein5days.com>
> *Sent:* Thursday, January 08, 2009 7:48 PM
> *Subject:* [5-DayForum] One person doing it all...
>
> *Hi all... me again.  I am not quite through reading the book yet, but I
> have read enough to know that Bill suggests having multiple people involved
> in the process.  I am not able to have others that would be willing or able
> to assist me in this process.  (I expect the houses will not bring in enough
> cash to afford paying others for their assistance, which puts me back to
> square one since I have no family or relatives to help.)
>
> How can this be done with only one person doing it all?  (I was a real
> estate agent for 1-and-a-half years, and I also have a legal assistant
> degree for whatever extent those two things would apply.)
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller*
>
>
> ------------------------------
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
>
> ---------- Forwarded message ----------
> From: Patricia Lone <patricialone at hotmail.com>
> To: 5-Day Forum <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Sat, 10 Jan 2009 12:33:01 -0500
> Subject: Re: [5-DayForum] One person doing it all...
>
> *Hi there Dac... I am in Battle Creek, about 2 hours from you (give or
> take).  One house would be about 1-1/2 hours from you.  There is 5 or
> 6 properties I would like to sell.  Right now I do not have any real plans
> in place for dates and times, just plans in the making right now.  Thinking
> probably sometime in February I will start this.
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller
>
>            **"If you need help, ask God; If you don't, thank God."*
>
> ------------------------------
> Date: Fri, 9 Jan 2009 14:16:48 -0800
> From: damian_colden at yahoo.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] One person doing it all...
>
> Patricia -
>
> Where are you located in MI? What weekend are you planning your sale?
>
> Dac Colden
> Realtor
> Grand Blanc, MI
>
>
>  ------------------------------
> *From:* rosemarie-fred <rosemarie-fred at mindspring.com>
> *To:* How To Sell Your Home in 5-Days <
> 5-dayforum at mailman.howtosellyourhomein5days.com>
> *Sent:* Friday, January 9, 2009 1:41:57 PM
> *Subject:* Re: [5-DayForum] One person doing it all...
>
> Here's an idea for you. Back when Bill had us all organized, we would post
> our location as part of the subject line. Why don't you go back in the
> archives and see if you can find someone who has done this, or at least been
> part of the forum in the past? They may be willing to help out. If you were
> in Charlotte, I would help you! That way someone who is familiar with the
> process can be on the scene.
> Good luck!
> Rosemarie - occasional seller, investor, student of the 5-day sale!
>
> ----- Original Message -----
> *From:* Patricia Lone <patricialone at hotmail.com>
> *To:* 5-Day Forum <5-dayforum at mailman.howtosellyourhomein5days.com>
> *Sent:* Thursday, January 08, 2009 7:48 PM
> *Subject:* [5-DayForum] One person doing it all...
>
> *Hi all... me again.  I am not quite through reading the book yet, but I
> have read enough to know that Bill suggests having multiple people involved
> in the process.  I am not able to have others that would be willing or able
> to assist me in this process.  (I expect the houses will not bring in enough
> cash to afford paying others for their assistance, which puts me back to
> square one since I have no family or relatives to help.)
>
> How can this be done with only one person doing it all?  (I was a real
> estate agent for 1-and-a-half years, and I also have a legal assistant
> degree for whatever extent those two things would apply.)
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller*
>
>
>
> ------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
>
>
> ---------- Forwarded message ----------
> From: tgarter at comcast.net
> To: How To Sell Your Home in 5-Days <
> 5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Sat, 10 Jan 2009 17:48:30 +0000 (UTC)
> Subject: Re: [5-DayForum] One person doing it all...
> Patricia,
> Let me know where your properties are located and when you plan to sell
> them.  If I can fit it in my schedule, I would be willing to help you with
> the open house.  Where is the one house that is 1 1/2 hour from me.  I'm not
> going to be a buyer, so you could give me the address.  I will mapquest it
> to determine time and distance.  My wife and I plan to do a 5 day sale in
> May and I am interested in helping you just for the experience.
> Tom Garter
> ----- Original Message -----
> From: "Patricia Lone" <patricialone at hotmail.com>
> To: "5-Day Forum" <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Saturday, January 10, 2009 12:33:01 PM GMT -05:00 US/Canada Eastern
> Subject: Re: [5-DayForum] One person doing it all...
>
> *Hi there Dac... I am in Battle Creek, about 2 hours from you (give or
> take).  One house would be about 1-1/2 hours from you.  There is 5 or
> 6 properties I would like to sell.  Right now I do not have any real plans
> in place for dates and times, just plans in the making right now.  Thinking
> probably sometime in February I will start this.
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller
>
>            **"If you need help, ask God; If you don't, thank God."*
>
> ------------------------------
> Date: Fri, 9 Jan 2009 14:16:48 -0800
> From: damian_colden at yahoo.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] One person doing it all...
>
> Patricia -
>
> Where are you located in MI? What weekend are you planning your sale?
>
> Dac Colden
> Realtor
> Grand Blanc, MI
>
>
>  ------------------------------
> *From:* rosemarie-fred <rosemarie-fred at mindspring.com>
> *To:* How To Sell Your Home in 5-Days <
> 5-dayforum at mailman.howtosellyourhomein5days.com>
> *Sent:* Friday, January 9, 2009 1:41:57 PM
> *Subject:* Re: [5-DayForum] One person doing it all...
>
> Here's an idea for you. Back when Bill had us all organized, we would post
> our location as part of the subject line. Why don't you go back in the
> archives and see if you can find someone who has done this, or at least been
> part of the forum in the past? They may be willing to help out. If you were
> in Charlotte, I would help you! That way someone who is familiar with the
> process can be on the scene.
> Good luck!
> Rosemarie - occasional seller, investor, student of the 5-day sale!
>
> ----- Original Message -----
> *From:* Patricia Lone <patricialone at hotmail.com>
> *To:* 5-Day Forum <5-dayforum at mailman.howtosellyourhomein5days.com>
> *Sent:* Thursday, January 08, 2009 7:48 PM
> *Subject:* [5-DayForum] One person doing it all...
>
> *Hi all... me again.  I am not quite through reading the book yet, but I
> have read enough to know that Bill suggests having multiple people involved
> in the process.  I am not able to have others that would be willing or able
> to assist me in this process.  (I expect the houses will not bring in enough
> cash to afford paying others for their assistance, which puts me back to
> square one since I have no family or relatives to help.)
>
> How can this be done with only one person doing it all?  (I was a real
> estate agent for 1-and-a-half years, and I also have a legal assistant
> degree for whatever extent those two things would apply.)
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller*
>
>
>
> ------------------------------
>
> _______________________________________________
> 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
>
>
> ---------- Forwarded message ----------
> From: Patricia Lone <patricialone at hotmail.com>
> To: 5-Day Forum <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Sat, 10 Jan 2009 13:18:28 -0500
> Subject: Re: [5-DayForum] One person doing it all...
>
> *Hi Tom... when the time draws nearer, I will contact you.  Have you got a
> phone number I could reach you at?  Please e-mail that to me at **
> PatriciaLone at hotmail.com* <PatriciaLone at hotmail.com>*.
>
> I will say right now that the house is located in Woodland, MI.  Just today
> I got a phone call from the tenants down the street that a few of the
> house' windows were broken out.  One broken from the outside, the other
> "upstairs" window broken out from "inside" the house.  (Things just keep
> getting better here in Michigan. *)
>
> *I would like to get this house sold soon.  I think this might be the
> first one I do.
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller
>
>            **"If you need help, ask God; If you don't, thank God."*
>
>
> ------------------------------
> Date: Sat, 10 Jan 2009 17:48:30 +0000
> From: tgarter at comcast.net
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] One person doing it all...
>
> Patricia,
> Let me know where your properties are located and when you plan to sell
> them.  If I can fit it in my schedule, I would be willing to help you with
> the open house.  Where is the one house that is 1 1/2 hour from me.  I'm not
> going to be a buyer, so you could give me the address.  I will mapquest it
> to determine time and distance.  My wife and I plan to do a 5 day sale in
> May and I am interested in helping you just for the experience.
> Tom Garter
> ----- Original Message -----
> From: "Patricia Lone" <patricialone at hotmail.com>
> To: "5-Day Forum" <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Saturday, January 10, 2009 12:33:01 PM GMT -05:00 US/Canada Eastern
> Subject: Re: [5-DayForum] One person doing it all...
>
> *Hi there Dac... I am in Battle Creek, about 2 hours from you (give or
> take).  One house would be about 1-1/2 hours from you.  There is 5 or
> 6 properties I would like to sell.  Right now I do not have any real plans
> in place for dates and times, just plans in the making right now.  Thinking
> probably sometime in February I will start this.
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller
>
>            **"If you need help, ask God; If you don't, thank God."*
>
> ------------------------------
> Date: Fri, 9 Jan 2009 14:16:48 -0800
> From: damian_colden at yahoo.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] One person doing it all...
>
> Patricia -
>
> Where are you located in MI? What weekend are you planning your sale?
>
> Dac Colden
> Realtor
> Grand Blanc, MI
>
>
>  ------------------------------
> *From:* rosemarie-fred <rosemarie-fred at mindspring.com>
> *To:* How To Sell Your Home in 5-Days <
> 5-dayforum at mailman.howtosellyourhomein5days.com>
> *Sent:* Friday, January 9, 2009 1:41:57 PM
> *Subject:* Re: [5-DayForum] One person doing it all...
>
> Here's an idea for you. Back when Bill had us all organized, we would post
> our location as part of the subject line. Why don't you go back in the
> archives and see if you can find someone who has done this, or at least been
> part of the forum in the past? They may be willing to help out. If you were
> in Charlotte, I would help you! That way someone who is familiar with the
> process can be on the scene.
> Good luck!
> Rosemarie - occasional seller, investor, student of the 5-day sale!
>
> ----- Original Message -----
> *From:* Patricia Lone <patricialone at hotmail.com>
> *To:* 5-Day Forum <5-dayforum at mailman.howtosellyourhomein5days.com>
> *Sent:* Thursday, January 08, 2009 7:48 PM
> *Subject:* [5-DayForum] One person doing it all...
>
> *Hi all... me again.  I am not quite through reading the book yet, but I
> have read enough to know that Bill suggests having multiple people involved
> in the process.  I am not able to have others that would be willing or able
> to assist me in this process.  (I expect the houses will not bring in enough
> cash to afford paying others for their assistance, which puts me back to
> square one since I have no family or relatives to help.)
>
> How can this be done with only one person doing it all?  (I was a real
> estate agent for 1-and-a-half years, and I also have a legal assistant
> degree for whatever extent those two things would apply.)
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller*
>
>
>
> ------------------------------
>
> _______________________________________________
> 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
>
>
> ---------- Forwarded message ----------
> From: j crafor <jcrafor at hotmail.com>
> To: "5-dayforum at mailman.how tosellyour home" <
> 5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Sun, 11 Jan 2009 01:37:31 +0000
> Subject: Re: [5-DayForum] One person doing it all...
>
>
>
> HERE"S a reason to NOT do it alone:
>
> On Monday I got this email:
>
>
>
> Seattlebest20.. at aol.com        bad credit ok
>
>  I responded eith my form letter and a file of the quick and detailed
> descriptions.
>
>
>
> On Friday, last night, I sent the driving directions and the address to
> everyone.
>
>
>
> The following was in my email today, from the same fellow.  I don't think
> he was there today, I don't know if he'll show up sunday. I'm glad I have
> company with me. That's a little creepy...
>
>
>
> why r u single available or do i know u?
>
>
>
> In a message dated 1/9/2009 3:37:25 P.M. Pacific Standard Time,
> jcrafor at hotmail.com writes:
>
>
>
> Thank you for your response to my home for sale ad. I hope to meet you this
> weekend.
>
> J
>
> ----- Original Message -----
> *From:* Patricia Lone <patricialone at hotmail.com>
> *To:* 5-Day Forum <5-dayforum at mailman.howtosellyourhomein5days.com>
> *Sent:* Thursday, January 08, 2009 7:48 PM
> *Subject:* [5-DayForum] One person doing it all...
>
> *Hi all... me again.  I am not quite through reading the book yet, but I
> have read enough to know that Bill suggests having multiple people involved
> in the process.  I am not able to have others that would be willing or able
> to assist me in this process.  (I expect the houses will not bring in enough
> cash to afford paying others for their assistance, which puts me back to
> square one since I have no family or relatives to help.)
>
> How can this be done with only one person doing it all?  (I was a real
> estate agent for 1-and-a-half years, and I also have a legal assistant
> degree for whatever extent those two things would apply.)
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller*
>
>
> ------------------------------
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
> ------------------------------
> Windows Live?: Keep your life in sync. See how it works.<http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t1_allup_howitworks_012009>
>
>
> ---------- Forwarded message ----------
> From: j crafor <jcrafor at hotmail.com>
> To: "5-dayforum at mailman.how tosellyour home" <
> 5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Sun, 11 Jan 2009 02:15:41 +0000
> Subject: Re: [5-DayForum] Sale Diary Tucson day 4
>  I received about 32 emails and 12 phone calls. We did today's sale.
> There were about 9 groups that came through. I have 5 bids, and hope a lot
> more people come tomorrow.
> Bids range from $1.00 to 79K, including one for 78,500, the lower of the
> two advertised prices. So bids are already over the lowest price. THAT's A
> GOOD SIGN! LOL!
>
> I believe there was an investor who left without leaving a bid, there was a
> young woman who was going to bring her husband back after work-they didn't
> come, maybe they'll be there tomorrow, and another young woman who also did
> not leave a bid. I don't know if she'll come back or not.
> One group stayed for a longer time than the others, inspected singly and in
> pairs, inside and out, then disappeared. After a while I thought they left,
> and went out to see if I could see them. I didn't. A few minutes later, they
> came back with more questions. I had explained the bid process to them. The
> one man didn't quite understand it, so I explained again, slightly different
> words. He got it, and his sister said, "You could be up all night!" We all
> laughed, and someone suggested a big pot of coffee. They've been looking for
> a long time, even going to auctions. They said this is nicer than any of the
> other auction houses they've seen, and I said "Thank you!"
>
>
> One man and woman asked how much I owe on it. I told tham that was
> irrelevant, and was not going to tell them.  They tried to talk me into
> telling them how much I owe, they'd take over the loan, and proceeded to
> tell me how that would work.
> I just kept saying, "Really!"   and  "I'll have to look into that." and
> "Interesting." They didn't leave a bid, either.
>
> The house was staged very nicely. There were greens in 4 places, a vase of
> fresh flowers, and a bowl of fruit on the kitchen shelf. There was an
> umbrella'd patio table with bright plastic place settings on the far side of
> the yard and a couple of chairs and a camp table near the kitchen door, in
> the shade.
>
> I'm very glad I went to the work of staging. It made a HUGE difference in
> MY confidence level, and the appearance of the house. The one major and very
> obvious problem with the house is the condensation in windows, and only one
> person was not happy at all with that. A couple asked about them and were
> satisfied with my explanation.
>
> Several people looked at the inspection book and summary sheet.
> I'm glad I had helpers, and they'll be back tomorrow, too.
>
> Everybody that came was just   N I C E  . It was a pleasant day, and I'm
> tired.
>
>
> JCrafor
>
>
> ------------------------------
> Windows Live? Hotmail(R): Chat. Store. Share. Do more with mail. See how it
> works.<http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t1_hm_justgotbetter_howitworks_012009>
>
>
> ---------- Forwarded message ----------
> From: Patricia Lone <patricialone at hotmail.com>
> To: 5-Day Forum <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Sat, 10 Jan 2009 21:18:00 -0500
> Subject: Re: [5-DayForum] One person doing it all...
>
> *I don't get it.  I would just respond, "No I am no single, and I am not
> available, that is not what this is about.  This is a business transaction,
> and it will proceed to be a business transaction.  If you are interested in
> purchasing the house, be there Sunday, otherwise, please do not bother me
> again."  (At least that is how I would respond if I interpreted your message
> correctly.)
>
> Most people online have a lot of kicks they like to have fun with.
> People who do this sort of thing are doing it just for kicks.  It's their
> way of having fun.  Stupid I know, but it's what they understand.  I believe
> you only need to lay it on the line to them and once they discover their
> kicks will not get met, they move on.  No biggie from where I see things.
> (I'd be cautious, but c'mon, I think I'd be more likely to relax first...
> well, of course, you also need to take into consideration the location as
> well, which of course in this circumstance, you know better than I.)
> Nonetheless, I would keep my cell phone always very close and never ever go
> into the upstairs of the house, or the basement, and do not let yourself get
> cornered.  Those are the dangerous areas.  If they try to provoke you to go
> into one of those areas, I say manage a way to get whatever papers you still
> might want to give them and make a move for the front porch and stay out
> there finishing up your work with them until they are gone, or someone new
> comes in (and yes, be cautious here too making sure that these two do not
> know each other).
>
> Granted, if I can, I will not do this alone, but I am a pretty brave woman,
> and being a realtor for a time, I was always showing houses alone.  I do not
> see cause for alarm in hokie e-mails I get.  Some situations do cause one to
> be fast-thinking on their feet.  Be cautious yes, however, it's probably
> just a hoax, or the guy might have been drunk when he responded to your
> e-mail, forgetting all about the business transaction he had going on... or
> a drunken stupor overtook him.  It's amazing the contractor stories I have
> now.  lol  Can't believe what some people will pull or do to "get their
> kicks."
>
> Anyway, thanks for your message and your concern.  I do appreciate the
> thought.
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller
>
>            **"If you need help, ask God; If you don't, thank God."*
>
>
> ------------------------------
> From: jcrafor at hotmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Sun, 11 Jan 2009 01:37:31 +0000
> Subject: Re: [5-DayForum] One person doing it all...
>
>
>
> HERE"S a reason to NOT do it alone:
>
> On Monday I got this email:
>
>
>
> Seattlebest20.. at aol.com        bad credit ok
>
>  I responded eith my form letter and a file of the quick and detailed
> descriptions.
>
>
>
> On Friday, last night, I sent the driving directions and the address to
> everyone.
>
>
>
> The following was in my email today, from the same fellow.  I don't think
> he was there today, I don't know if he'll show up sunday. I'm glad I have
> company with me. That's a little creepy...
>
>
>
> why r u single available or do i know u?
>
>
>
> In a message dated 1/9/2009 3:37:25 P.M. Pacific Standard Time,
> jcrafor at hotmail.com writes:
>
>
>
> Thank you for your response to my home for sale ad. I hope to meet you this
> weekend.
>
> J
>
> ----- Original Message -----
> *From:* Patricia Lone <patricialone at hotmail.com>
> *To:* 5-Day Forum <5-dayforum at mailman.howtosellyourhomein5days.com>
> *Sent:* Thursday, January 08, 2009 7:48 PM
> *Subject:* [5-DayForum] One person doing it all...
>
> *Hi all... me again.  I am not quite through reading the book yet, but I
> have read enough to know that Bill suggests having multiple people involved
> in the process.  I am not able to have others that would be willing or able
> to assist me in this process.  (I expect the houses will not bring in enough
> cash to afford paying others for their assistance, which puts me back to
> square one since I have no family or relatives to help.)
>
> How can this be done with only one person doing it all?  (I was a real
> estate agent for 1-and-a-half years, and I also have a legal assistant
> degree for whatever extent those two things would apply.)
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller*
>
>
> ------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
> ------------------------------
> Windows Live?: Keep your life in sync. See how it works.<http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t1_allup_howitworks_012009>
>
>
> ---------- Forwarded message ----------
> From: j crafor <jcrafor at hotmail.com>
> To: "5-dayforum at mailman.how tosellyour home" <
> 5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Sun, 11 Jan 2009 02:22:28 +0000
> Subject: Re: [5-DayForum] One person doing it all...
>  I decided he was probably, as you suggested, drunk, and was not going to
> respond to him.
> thanks.
> JC
>
>
> ------------------------------
>
> From: patricialone at hotmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Sat, 10 Jan 2009 21:18:00 -0500
> Subject: Re: [5-DayForum] One person doing it all...
>
>
> *I don't get it.  I would just respond, "No I am no single, and I am not
> available, that is not what this is about.  This is a business transaction,
> and it will proceed to be a business transaction.  If you are interested in
> purchasing the house, be there Sunday, otherwise, please do not bother me
> again."  (At least that is how I would respond if I interpreted your message
> correctly.)
>
> Most people online have a lot of kicks they like to have fun with.
> People who do this sort of thing are doing it just for kicks.  It's their
> way of having fun.  Stupid I know, but it's what they understand.  I believe
> you only need to lay it on the line to them and once they discover their
> kicks will not get met, they move on.  No biggie from where I see things.
> (I'd be cautious, but c'mon, I think I'd be more likely to relax first...
> well, of course, you also need to take into consideration the location as
> well, which of course in this circumstance, you know better than I.)
> Nonetheless, I would keep my cell phone always very close and never ever go
> into the upstairs of the house, or the basement, and do not let yourself get
> cornered.  Those are the dangerous areas.  If they try to provoke you to go
> into one of those areas, I say manage a way to get whatever papers you still
> might want to give them and make a move for the front porch and stay out
> there finishing up your work with them until they are gone, or someone new
> comes in (and yes, be cautious here too making sure that these two do not
> know each other).
>
> Granted, if I can, I will not do this alone, but I am a pretty brave woman,
> and being a realtor for a time, I was always showing houses alone.  I do not
> see cause for alarm in hokie e-mails I get.  Some situations do cause one to
> be fast-thinking on their feet.  Be cautious yes, however, it's probably
> just a hoax, or the guy might have been drunk when he responded to your
> e-mail, forgetting all about the business transaction he had going on... or
> a drunken stupor overtook him.  It's amazing the contractor stories I have
> now.  lol  Can't believe what some people will pull or do to "get their
> kicks."
>
> Anyway, thanks for your message and your concern.  I do appreciate the
> thought.
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller
>
>            **"If you need help, ask God; If you don't, thank God."*
>
>
> ------------------------------
> From: jcrafor at hotmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Sun, 11 Jan 2009 01:37:31 +0000
> Subject: Re: [5-DayForum] One person doing it all...
>
>
>
> HERE"S a reason to NOT do it alone:
>
> On Monday I got this email:
>
>
>
> Seattlebest20.. at aol.com        bad credit ok
>
>  I responded eith my form letter and a file of the quick and detailed
> descriptions.
>
>
>
> On Friday, last night, I sent the driving directions and the address to
> everyone.
>
>
>
> The following was in my email today, from the same fellow.  I don't think
> he was there today, I don't know if he'll show up sunday. I'm glad I have
> company with me. That's a little creepy...
>
>
>
> why r u single available or do i know u?
>
>
>
> In a message dated 1/9/2009 3:37:25 P.M. Pacific Standard Time,
> jcrafor at hotmail.com writes:
>
>
>
> Thank you for your response to my home for sale ad. I hope to meet you this
> weekend.
>
> J
>
> ----- Original Message -----
> *From:* Patricia Lone <patricialone at hotmail.com>
> *To:* 5-Day Forum <5-dayforum at mailman.howtosellyourhomein5days.com>
> *Sent:* Thursday, January 08, 2009 7:48 PM
> *Subject:* [5-DayForum] One person doing it all...
>
> *Hi all... me again.  I am not quite through reading the book yet, but I
> have read enough to know that Bill suggests having multiple people involved
> in the process.  I am not able to have others that would be willing or able
> to assist me in this process.  (I expect the houses will not bring in enough
> cash to afford paying others for their assistance, which puts me back to
> square one since I have no family or relatives to help.)
>
> How can this be done with only one person doing it all?  (I was a real
> estate agent for 1-and-a-half years, and I also have a legal assistant
> degree for whatever extent those two things would apply.)
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller*
>
>
> ------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
> ------------------------------
> Windows Live?: Keep your life in sync. See how it works.<http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t1_allup_howitworks_012009>
> ------------------------------
> Windows Live? Hotmail(R): Chat. Store. Share. Do more with mail. See how it
> works.<http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t1_hm_justgotbetter_howitworks_012009>
>
>
> ---------- Forwarded message ----------
> From: Patricia Lone <patricialone at hotmail.com>
> To: 5-Day Forum <5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Sat, 10 Jan 2009 21:25:40 -0500
> Subject: Re: [5-DayForum] Sale Diary Tucson day 4
>
> *That's great JCrafor!  I am glad your day was so successful.  Wow... got
> the advertised price met already.  That is an eye opener.  Good luck and
> please keep letting us know how this progresses for you.  I enjoyed reading
> about your day.  Hopefully those who were there today wanted to sleep on it
> and will be back on the second day to add their name to the list.
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller
> *
>
> ------------------------------
> From: jcrafor at hotmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Sun, 11 Jan 2009 02:15:41 +0000
> Subject: Re: [5-DayForum] Sale Diary Tucson day 4
>
> I received about 32 emails and 12 phone calls. We did today's sale.
> There were about 9 groups that came through. I have 5 bids, and hope a lot
> more people come tomorrow.
> Bids range from $1.00 to 79K, including one for 78,500, the lower of the
> two advertised prices. So bids are already over the lowest price. THAT's A
> GOOD SIGN! LOL!
>
> I believe there was an investor who left without leaving a bid, there was a
> young woman who was going to bring her husband back after work-they didn't
> come, maybe they'll be there tomorrow, and another young woman who also did
> not leave a bid. I don't know if she'll come back or not.
> One group stayed for a longer time than the others, inspected singly and in
> pairs, inside and out, then disappeared. After a while I thought they left,
> and went out to see if I could see them. I didn't. A few minutes later, they
> came back with more questions. I had explained the bid process to them. The
> one man didn't quite understand it, so I explained again, slightly different
> words. He got it, and his sister said, "You could be up all night!" We all
> laughed, and someone suggested a big pot of coffee. They've been looking for
> a long time, even going to auctions. They said this is nicer than any of the
> other auction houses they've seen, and I said "Thank you!"
>
> One man and woman asked how much I owe on it. I told tham that was
> irrelevant, and was not going to tell them.  They tried to talk me into
> telling them how much I owe, they'd take over the loan, and proceeded to
> tell me how that would work.
> I just kept saying, "Really!"   and  "I'll have to look into that." and
> "Interesting." They didn't leave a bid, either.
>
> The house was staged very nicely. There were greens in 4 places, a vase of
> fresh flowers, and a bowl of fruit on the kitchen shelf. There was an
> umbrella'd patio table with bright plastic place settings on the far side of
> the yard and a couple of chairs and a camp table near the kitchen door, in
> the shade.
>
> I'm very glad I went to the work of staging. It made a HUGE difference in
> MY confidence level, and the appearance of the house. The one major and very
> obvious problem with the house is the condensation in windows, and only one
> person was not happy at all with that. A couple asked about them and were
> satisfied with my explanation.
>
> Several people looked at the inspection book and summary sheet.
> I'm glad I had helpers, and they'll be back tomorrow, too.
>
> Everybody that came was just   N I C E  . It was a pleasant day, and I'm
> tired.
>
>
> JCrafor
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
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From dberning at flash.net  Fri Jan 23 10:06:29 2009
From: dberning at flash.net (dberning at flash.net)
Date: Fri, 23 Jan 2009 07:06:29 -0800 (PST)
Subject: [5-DayForum] My 5-day sale
Message-ID: <431493.28775.qm@web81002.mail.mud.yahoo.com>


I wanted to say a big thanks to Bill for the 5-day format.? I also want to thank Kyle Cascioli for his help and input.
?
I am trying to follow the book as close as I can with a few exceptions.? One being I used a flat fee broker to list my house.? I followed Kyle's advice and have it set to cancel on Sat. night and posted that I would not accept any contracts until Sunday after 5pm.? This kept me out of legal trouble if an agent brought me a full price contract and I turned it down.? It doesn't appear to have slowed down the number of agents contacting him and me.? Since my number and e-mail is not listed in the MLS, the agent has advised all the agents and buyers to contact me and has forwarded e-mails to me.? I had the owner of the top real estate firm in town call me yesterday and wanted to bring a client through the house.? I politely told her that the house will open from 10-5 on Sat. & Sun.? There was a long silence and then she said o.k.? This is the owner of a firm that represented me on my last listing and had another agent tell me to figure out what I
 had in the house and dump it.? It kind of made me smile.
?
I am getting lots of responses from Craigslist and the newspaper ad.? I also listed in with Postlets.? I have had a web page for the last 2 1/2 years just on this house.? I have been checking the stats and I am getting lots of hits coming from Zillow.com (thank Kyle) and Yahoo.? I know Bill said hits don't count but it is an interesting way of seeing the amount of traffic on the house.? 
?
I listed the house at $294,500.? Tarrant Appraisal has it at $691,200.? T.A.D. is know to be about 20% under the market with regards to sold property.? My last listing an agency we brought the home down to $595,000 and got no offers or walk throughs.? It expired this last November.? I had a $500,000 offer back a 1 1/2 ago when the home was listed for $650,000.? I countered with an offer of $600,000 and he walked away.? The only other offer I have had on the house was for $415,000.? I turned it down.? There are currently about eight comparable properties aroung me for sale at around $799,000 to $875,000.? There have been about that many sold in the last 6 months in that same price range.? I first listed this house at $875,000 and I was right in the middle of the comps listed in several CMA's I received from agents.? 
?
If my 5-day works out, I feel the price should come back up to the high $400,000 to low $500,000.? We will see and I will keep the forum updated.? The other change I am thinking about doing having a hybrid bid sheet.? Someone on the board said that until they made the bid sheet private nobody would write down the bid.? So I am going to have the bid sheet for everyone to see but if someone does not want their name and phone number shown I will give them a number, put that number on the bid sheet and then write down on the public sheet what their bid was.? They will have to write down a bid amount.? What does the forum have to say about the hybrid bid sheet?
?
I have a lot to do today to make copies and finish getting the house ready.? The neighborhood is a buzz.? Old money loves when there is a bargain to be had.? I was doing a bid for a bathroom remodel down from my property and the owner started telling me stories.? She is a good friend to my wife's cousin.? (My wife's cousin is involved with the social scene her in Fort Worth.? Her grandparents owned the Detroit Tigers and her mom was best friends with Conrad Hilton and is buried close to him in a Dallas cemetary). Well this friend was telling me about how she was a function and all the people were talking about?my home.??She said one lady really really wants your home?and has been through it several times.? I asked why she never made an offer.??She didn't know.?? I find the 5-day method fascinating in that it forces everbody's hand.? They know the window is closing and they can't lay back and?see if I am going to reduce it
 another?$50,000.? Now they are going to have to bid against other people and who knows what will happen.?? It is like a feeding frenzy but?I don't feel like the bait.? They are fighting all these other people while I watch and listen.??Very fun.
?
Well?I?have?rambled enough.? Thanks again?to everyone who has helped or posted on the forum, it is a big help.??I will keep you posted.
?
David Berning?
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From bill at effros.com  Fri Jan 23 10:44:27 2009
From: bill at effros.com (Bill Effros)
Date: Fri, 23 Jan 2009 10:44:27 -0500
Subject: [5-DayForum] 5 day rental in CA/1st 5 Day experience
In-Reply-To: <90c4526d0901221350n11f93f6jeaf2f6ecde248c12@mail.gmail.com>
References: <90c4526d0901221350n11f93f6jeaf2f6ecde248c12@mail.gmail.com>
Message-ID: <4979E5DB.9000506@effros.com>

Tiffany,

Thanks for your input.

I will be spending a lot more time explaining 5-Day Rentals, since there 
are going to be a lot more of them.

Essentially, all I will do is take your comments and slightly expand on 
them.

You figured it out, but it would have been better for you if I had 
explained this before your sale, not after.

Let's start at the very beginning--your cost to hold the property. 

Sticking with round numbers, you figure it will cost you roughly $30,000 
a year to hold your property.  And you think your property is currently 
worth more than $200,000 ($1700 * 12 * 10=$204,000).  You believe you 
could currently sell it for more than $300,000 ($1700 * 12 * 15 
=$306,000).  And you think the value of your property will INCREASE by 
more than $30,000 a year from today until the day you sell it.

You believe this so strongly, you are willing to invest an additional 
$8,000 ($2395 - $1700 * 12 = $8340) a year for as many years as it takes 
you to prove you are right about the current value of your property, or 
to admit you are wrong.

I can't predict the future any better than you.  I have my opinions, you 
have yours.  I believe there will be massive inflation after this 
depression ends.  (I define "depression" as a time when prices actually 
go down -- the opposite of "inflation" -- property values are surely 
going down at this time.)  However, I have no idea how long this 
depression will last. If it lasts for 10 years (a real possibility) can 
you afford to lose $8,000 a year?  How many more years will it take 
before home prices again reach the point they were 2 or 3 years ago?  (I 
don't have the exact numbers in front of me, but if memory serves, it 
took more than 30 years after the start of "The Great Depression")

I was speaking to a Southern California real estate builder yesterday 
who told me he could buy homes for $25,000 that would cost him $70,000 
just for materials to build the same house in the same place.   His idea 
was to rent the homes using the 5-Day Method starting at $495/month 
(which would more than cover his costs) with the expectation that he 
could get close to $1,000 a month.  Because he would only pay $25,000 
for the home, California law mandates that as the basis for home values 
for tax purposes with a maximum increase of 1.4% per year.

And still he wasn't sure he would get involved!  A lot of existing homes 
will never be lived in again.

Tiffany, I'm rambling, just thinking out loud to try to make some kind 
of sense of what's going on.

I think you know you can't rent your property for what it costs you to 
hold onto it.  My guess is that it's smarter to sell now and take what 
you can get, than to hold on and bleed hoping things will get better.  
You are in the exact same position I was in when I first used the 5-Day 
Method to sell a property I had been renting at barely a break-even.  If 
I had held onto it from then until now, I don't think there would ever 
have been an instant where I could put more money into my pocket than I 
put into my pocket when I sold it.

You used the 5-Day Method correctly for your rental.  You got a fair 
current price.  Think long and hard before signing the lease.  If you 
decide to sell, use the 5-Day Method, and apply the lessons you learned 
from your Rental.

Thanks for getting me thinking about this.

Bill Effros, Author




Tiffany Humfeld wrote:
> Hi There,
>   I've posted to the site asking questions about being a consultant to 
> sellers who want to sell in CA.  Well, my husband and I decided to use 
> the method on ourselves first for a rental property.  We believe we 
> made several mistakes, but are generally happy with the results.  
> Here's the set-up.  We have a 3bed/2.5bath townhome in Signal Hill, CA 
> (a little city surrounded by Long Beach, CA).  We recently moved and 
> wanted to keep the property as an investment.  We originally priced 
> the rental at $2395/month (our cost).  We wasted a lot of time by 
> having people come view the property (or make appointments to view it) 
> and completely flake out.  We even attempted to make appointments with 
> multiple parties at once, on the chance that someone would show.  We 
> eventually lowered the asking price to $2200 (what the next door 
> neighbors have been paying for over a year).  We had one party who 
> managed to turn in one application and we agreed to rent it to them 
> for $2100.  But the spouse did not turn in her application and they 
> dropped off the map.  So, the biggest problem is time wasted, lack of 
> follow through by people who see the place (although most everyone 
> really likes it), and not really knowing what the market rent is (even 
> though we know what our neighbors pay).  So, we decided to do a 5 day 
> rental and require that in order to bid initially nothing is 
> required.  We got about 28 responses by Friday night with email/phone 
> and I contacted the 18 people who responded a couple weeks before when 
> we initially posted the rental and cancelled due to lack of safety 
> valve.  As part of our rules, if they wanted to be in the phone bid 
> they would have to submit an application and $35 application fee (we 
> really wanted to get people who were serious and wouldn't waste our 
> time like we'd been experiencing).  Saturday night we realized that 
> this was a mistake because it stops people from advancing the bid and 
> turns people off  So, we called/emailed people and told the few people 
> who did give us fees that we would return their money if they didn't 
> win.  The highest bids we got were on Saturday.  One was $2000 from a 
> family who previously flaked on us on at least 5 separate occasions.  
> Another was from a guy who bid $2200.  The next highest were $1700.  
> So, Sunday night we were pretty hopeful, but didn't get any higher 
> bids.  Most of the bids seemed to be max bids because the round robin 
> was more of a flat robin.  We didn't call the 5 time flakers because 
> they didn't turn in an app.  The highest bidder ($2000) couldn't be 
> reached because he was on a flight. We knew he would be traveling but 
> he said he would be available at that time.  So, that left $1700 as 
> our highest bid.  The most exciting thing that happened was someone 
> called back to match that $1700 should the first one fall through. So, 
> we proceeded to congratulate the first and give them till 8pm the next 
> day to turn in their application fee.  We even set up a PayPal account 
> to make it easy and convenient.  We stretched it out until 6pm the 
> next day and after several unsuccessful phone attempts to reach them 
> we decided they were not interested.  We later got an email that 
> confirmed that.  So, just to leave our options open, we checked the 
> credit on the highest bidder.  It did not meet our rental screening 
> qualifications (which we had printed and available at the 5 day) and 
> seemed way too risky for us. So, we contacted the second runners up.  
> They were very interested.  They got us paystubs, a check for credit 
> screening, and a w-2 the next morning.  We're scheduled to accept a 
> security deposit and sign rental agreements tomorrow (Friday). Lesson 
> here?  Don't require any money up front or applications. It makes it 
> more confusing and will prevent you from getting high bids.  That's 
> what Monday is for.  If people are really serious you get their 
> apps/fees on Monday morning.  If they fall through you go down the 
> list.  The other thing was that we did it on Martin Luther King 
> weekend.  So, we may not have gotten the true high buyer/renter.  But, 
> we still had probably 40ish parties come through the door.  We 
> advertised starting Wednesday night (the point at which we discovered 
> the previous applicants were bailing) which means we lost a little 
> time there.  I used Craigslist and advertised starting at $995.  I 
> also used Postlets which posts to many different rental website and 
> PennySaver online.  Craigslist seems to be the only online method that 
> worked.  Then we posted neon yard signs in the communal area around 
> the complex (visible from the street) and we got lots of attention 
> from that.  Additionally, I posted small neon ads at 5 local coffee 
> shops/cleaners.  I don't think that got much response.  Most people 
> saw the yard signs.  I didn't get back to people until about 5:30 at 
> night which lost some potential bidders because they emailed me from 
> their work email and gave only their work phone number.  I didn't 
> include a phone number in the online ad because I wanted to gauge 
> where the attention came from.  On the yard signs I didn't include an 
> email address, only a phone number. Sooooo, for next time I will pick 
> a different weekend (but we were getting desperate and couldn't do a 
> different weekend this time), advertise beginning Wednesday morning 
> (possibly doing one print ad in a newspaper, but we didn't plan far 
> enough in advance to do this this time), and not require anything up 
> front to bid. 
>
> So, we got wayyyyy less than we would have liked.  But, we can hold it 
> that way for a while.  The new tenants seem to be perpetual renters 
> (they currently live 2 blocks away on the same street for 10 years).  
> So, overall, this could work out well for us.
>
> Thanks for the book, Bill.  We met a lot of nice people who thought it 
> was a neat idea.  I'm still really interested in running these for 
> other people for sales.  It's just a matter of the 
> licensing/legalities that's currently got me stumped/bummed.
>
> Bill, I would request that you ad a bit more information about 5 day 
> rentals in the next addition of the book.  With just one page in the 
> book we felt like we could use a little more guidance and the factors 
> of applications/screening fees/screening policies definitely made it 
> more complicated than a sale in some ways, especially since we are 
> going to manage the property ourselves and continue to maintain it.
>
> Tiffany
>
> p.s. We had one friend helping each day and it was definitely 
> necessary to have three people (2 greeters, 1 closer).  I would 
> recommend having 4 people so you don't risk having the closer leave 
> position at any time.
>
> On Sun, Jan 11, 2009 at 9:00 AM, 
> <5-dayforum-request at mailman.howtosellyourhomein5days.com 
> <mailto:5-dayforum-request at mailman.howtosellyourhomein5days.com>> wrote:
>
>     Send 5-DayForum mailing list submissions to
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>     than "Re: Contents of 5-DayForum digest..."
>
>     Today's Topics:
>
>       1. Re: One person doing it all... (Patricia Lone)
>       2. Re: One person doing it all... (Patricia Lone)
>       3. Re: One person doing it all... (tgarter at comcast.net
>     <mailto:tgarter at comcast.net>)
>       4. Re: One person doing it all... (Patricia Lone)
>       5. Re: One person doing it all... (j crafor)
>       6. Re: Sale Diary Tucson day 4 (j crafor)
>       7. Re: One person doing it all... (Patricia Lone)
>       8. Re: One person doing it all... (j crafor)
>       9. Re: Sale Diary Tucson day 4 (Patricia Lone)
>
>
>     ---------- Forwarded message ----------
>     From: Patricia Lone <patricialone at hotmail.com
>     <mailto:patricialone at hotmail.com>>
>     To: 5-Day Forum <5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>     Date: Sat, 10 Jan 2009 12:27:04 -0500
>     Subject: Re: [5-DayForum] One person doing it all...
>
>     *Come on over!!  CHARLOTTE IS only THIRTY MINUTES from me!  Except
>     and although... my best guestimate is that you meant Charlotte,
>     "North Carolina," and not Charlotte, "MICHIGAN"...
>
>       Thanks for the thought, when the time draws closer, I will do
>     that if I haven't found anyone I already know.
>
>     Patricia  *
>     *Michigan, Conservator/Landlord/Seller
>
>                **"If you need help, ask God; If you don't, thank God."*
>
>
>     ------------------------------------------------------------------------
>     From: rosemarie-fred at mindspring.com
>     <mailto:rosemarie-fred at mindspring.com>
>     To: 5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>     Date: Fri, 9 Jan 2009 13:41:57 -0500
>     Subject: Re: [5-DayForum] One person doing it all...
>
>     Here's an idea for you. Back when Bill had us all organized, we
>     would post our location as part of the subject line. Why don't you
>     go back in the archives and see if you can find someone who has
>     done this, or at least been part of the forum in the past? They
>     may be willing to help out. If you were in Charlotte, I would help
>     you! That way someone who is familiar with the process can be on
>     the scene.
>     Good luck!
>     Rosemarie - occasional seller, investor, student of the 5-day sale!
>
>         ----- Original Message -----
>         *From:* Patricia Lone <mailto:patricialone at hotmail.com>
>         *To:* 5-Day Forum
>         <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>         *Sent:* Thursday, January 08, 2009 7:48 PM
>         *Subject:* [5-DayForum] One person doing it all...
>
>         *Hi all... me again.  I am not quite through reading the book
>         yet, but I have read enough to know that Bill suggests having
>         multiple people involved in the process.  I am not able to
>         have others that would be willing or able to assist me in this
>         process.  (I expect the houses will not bring in enough cash
>         to afford paying others for their assistance, which puts me
>         back to square one since I have no family or relatives to help.)
>
>         How can this be done with only one person doing it all?  (I
>         was a real estate agent for 1-and-a-half years, and I also
>         have a legal assistant degree for whatever extent those two
>         things would apply.)
>
>         Patricia  *
>         *Michigan, Conservator/Landlord/Seller*
>
>
>
>         ------------------------------------------------------------------------
>
>
>         _______________________________________________
>         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
>
>
>
>     ---------- Forwarded message ----------
>     From: Patricia Lone <patricialone at hotmail.com
>     <mailto:patricialone at hotmail.com>>
>     To: 5-Day Forum <5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>     Date: Sat, 10 Jan 2009 12:33:01 -0500
>     Subject: Re: [5-DayForum] One person doing it all...
>
>     *Hi there Dac... I am in Battle Creek, about 2 hours from you
>     (give or take).  One house would be about 1-1/2 hours from you. 
>     There is 5 or 6 properties I would like to sell.  Right now I do
>     not have any real plans in place for dates and times, just plans
>     in the making right now.  Thinking probably sometime in February I
>     will start this.
>
>     Patricia  *
>     *Michigan, Conservator/Landlord/Seller
>
>                **"If you need help, ask God; If you don't, thank God."*
>
>
>     ------------------------------------------------------------------------
>     Date: Fri, 9 Jan 2009 14:16:48 -0800
>     From: damian_colden at yahoo.com <mailto:damian_colden at yahoo.com>
>     To: 5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>     Subject: Re: [5-DayForum] One person doing it all...
>
>     Patricia -
>
>     Where are you located in MI? What weekend are you planning your sale?
>      
>     Dac Colden
>     Realtor
>     Grand Blanc, MI
>
>
>     ------------------------------------------------------------------------
>     *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:* Friday, January 9, 2009 1:41:57 PM
>     *Subject:* Re: [5-DayForum] One person doing it all...
>
>     Here's an idea for you. Back when Bill had us all organized, we
>     would post our location as part of the subject line. Why don't you
>     go back in the archives and see if you can find someone who has
>     done this, or at least been part of the forum in the past? They
>     may be willing to help out. If you were in Charlotte, I would help
>     you! That way someone who is familiar with the process can be on
>     the scene.
>     Good luck!
>     Rosemarie - occasional seller, investor, student of the 5-day sale!
>
>         ----- Original Message -----
>         *From:* Patricia Lone <mailto:patricialone at hotmail.com>
>         *To:* 5-Day Forum
>         <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>         *Sent:* Thursday, January 08, 2009 7:48 PM
>         *Subject:* [5-DayForum] One person doing it all...
>
>         *Hi all... me again.  I am not quite through reading the book
>         yet, but I have read enough to know that Bill suggests having
>         multiple people involved in the process.  I am not able to
>         have others that would be willing or able to assist me in this
>         process.  (I expect the houses will not bring in enough cash
>         to afford paying others for their assistance, which puts me
>         back to square one since I have no family or relatives to help.)
>
>         How can this be done with only one person doing it all?  (I
>         was a real estate agent for 1-and-a-half years, and I also
>         have a legal assistant degree for whatever extent those two
>         things would apply.)
>
>         Patricia  *
>         *Michigan, Conservator/Landlord/Seller*
>
>
>
>
>         ------------------------------------------------------------------------
>
>         _______________________________________________
>         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
>
>
>
>
>     ---------- Forwarded message ----------
>     From: tgarter at comcast.net <mailto:tgarter 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>>
>     Date: Sat, 10 Jan 2009 17:48:30 +0000 (UTC)
>     Subject: Re: [5-DayForum] One person doing it all...
>     Patricia,
>     Let me know where your properties are located and when you plan to
>     sell them.  If I can fit it in my schedule, I would be willing to
>     help you with the open house.  Where is the one house that is 1
>     1/2 hour from me.  I'm not going to be a buyer, so you could give
>     me the address.  I will mapquest it to determine time and
>     distance.  My wife and I plan to do a 5 day sale in May and I am
>     interested in helping you just for the experience.
>     Tom Garter
>     ----- Original Message -----
>     From: "Patricia Lone" <patricialone at hotmail.com
>     <mailto:patricialone at hotmail.com>>
>     To: "5-Day Forum" <5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>     Sent: Saturday, January 10, 2009 12:33:01 PM GMT -05:00 US/Canada
>     Eastern
>     Subject: Re: [5-DayForum] One person doing it all...
>
>     *Hi there Dac... I am in Battle Creek, about 2 hours from you
>     (give or take).  One house would be about 1-1/2 hours from you. 
>     There is 5 or 6 properties I would like to sell.  Right now I do
>     not have any real plans in place for dates and times, just plans
>     in the making right now.  Thinking probably sometime in February I
>     will start this.
>
>     Patricia  *
>     *Michigan, Conservator/Landlord/Seller
>
>                **"If you need help, ask God; If you don't, thank God."*
>
>
>     ------------------------------------------------------------------------
>     Date: Fri, 9 Jan 2009 14:16:48 -0800
>     From: damian_colden at yahoo.com <mailto:damian_colden at yahoo.com>
>     To: 5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>     Subject: Re: [5-DayForum] One person doing it all...
>
>     Patricia -
>
>     Where are you located in MI? What weekend are you planning your sale?
>      
>     Dac Colden
>     Realtor
>     Grand Blanc, MI
>
>
>     ------------------------------------------------------------------------
>     *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:* Friday, January 9, 2009 1:41:57 PM
>     *Subject:* Re: [5-DayForum] One person doing it all...
>
>     Here's an idea for you. Back when Bill had us all organized, we
>     would post our location as part of the subject line. Why don't you
>     go back in the archives and see if you can find someone who has
>     done this, or at least been part of the forum in the past? They
>     may be willing to help out. If you were in Charlotte, I would help
>     you! That way someone who is familiar with the process can be on
>     the scene.
>     Good luck!
>     Rosemarie - occasional seller, investor, student of the 5-day sale!
>
>         ----- Original Message -----
>         *From:* Patricia Lone <mailto:patricialone at hotmail.com>
>         *To:* 5-Day Forum
>         <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>         *Sent:* Thursday, January 08, 2009 7:48 PM
>         *Subject:* [5-DayForum] One person doing it all...
>
>         *Hi all... me again.  I am not quite through reading the book
>         yet, but I have read enough to know that Bill suggests having
>         multiple people involved in the process.  I am not able to
>         have others that would be willing or able to assist me in this
>         process.  (I expect the houses will not bring in enough cash
>         to afford paying others for their assistance, which puts me
>         back to square one since I have no family or relatives to help.)
>
>         How can this be done with only one person doing it all?  (I
>         was a real estate agent for 1-and-a-half years, and I also
>         have a legal assistant degree for whatever extent those two
>         things would apply.)
>
>         Patricia  *
>         *Michigan, Conservator/Landlord/Seller*
>
>
>
>
>         ------------------------------------------------------------------------
>
>         _______________________________________________
>         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
>
>
>
>     ---------- Forwarded message ----------
>     From: Patricia Lone <patricialone at hotmail.com
>     <mailto:patricialone at hotmail.com>>
>     To: 5-Day Forum <5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>     Date: Sat, 10 Jan 2009 13:18:28 -0500
>     Subject: Re: [5-DayForum] One person doing it all...
>
>     *Hi Tom... when the time draws nearer, I will contact you.  Have
>     you got a phone number I could reach you at?  Please e-mail that
>     to me at **PatriciaLone at hotmail.com*
>     <mailto:PatriciaLone at hotmail.com>*.
>
>     I will say right now that the house is located in Woodland, MI. 
>     Just today I got a phone call from the tenants down the street
>     that a few of the house' windows were broken out.  One broken from
>     the outside, the other "upstairs" window broken out
>     from "inside" the house.  (Things just keep getting better here in
>     Michigan. *)
>
>     *I would like to get this house sold soon.  I think this might be
>     the first one I do.
>
>     Patricia  *
>     *Michigan, Conservator/Landlord/Seller
>
>                **"If you need help, ask God; If you don't, thank God."*
>
>
>
>     ------------------------------------------------------------------------
>     Date: Sat, 10 Jan 2009 17:48:30 +0000
>     From: tgarter at comcast.net <mailto:tgarter at comcast.net>
>     To: 5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>     Subject: Re: [5-DayForum] One person doing it all...
>
>     Patricia,
>     Let me know where your properties are located and when you plan to
>     sell them.  If I can fit it in my schedule, I would be willing to
>     help you with the open house.  Where is the one house that is 1
>     1/2 hour from me.  I'm not going to be a buyer, so you could give
>     me the address.  I will mapquest it to determine time and
>     distance.  My wife and I plan to do a 5 day sale in May and I am
>     interested in helping you just for the experience.
>     Tom Garter
>     ----- Original Message -----
>     From: "Patricia Lone" <patricialone at hotmail.com
>     <mailto:patricialone at hotmail.com>>
>     To: "5-Day Forum" <5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>     Sent: Saturday, January 10, 2009 12:33:01 PM GMT -05:00 US/Canada
>     Eastern
>     Subject: Re: [5-DayForum] One person doing it all...
>
>     *Hi there Dac... I am in Battle Creek, about 2 hours from you
>     (give or take).  One house would be about 1-1/2 hours from you. 
>     There is 5 or 6 properties I would like to sell.  Right now I do
>     not have any real plans in place for dates and times, just plans
>     in the making right now.  Thinking probably sometime in February I
>     will start this.
>
>     Patricia  *
>     *Michigan, Conservator/Landlord/Seller
>
>                **"If you need help, ask God; If you don't, thank God."*
>
>
>     ------------------------------------------------------------------------
>     Date: Fri, 9 Jan 2009 14:16:48 -0800
>     From: damian_colden at yahoo.com <mailto:damian_colden at yahoo.com>
>     To: 5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>     Subject: Re: [5-DayForum] One person doing it all...
>
>     Patricia -
>
>     Where are you located in MI? What weekend are you planning your sale?
>      
>     Dac Colden
>     Realtor
>     Grand Blanc, MI
>
>
>     ------------------------------------------------------------------------
>     *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:* Friday, January 9, 2009 1:41:57 PM
>     *Subject:* Re: [5-DayForum] One person doing it all...
>
>     Here's an idea for you. Back when Bill had us all organized, we
>     would post our location as part of the subject line. Why don't you
>     go back in the archives and see if you can find someone who has
>     done this, or at least been part of the forum in the past? They
>     may be willing to help out. If you were in Charlotte, I would help
>     you! That way someone who is familiar with the process can be on
>     the scene.
>     Good luck!
>     Rosemarie - occasional seller, investor, student of the 5-day sale!
>
>         ----- Original Message -----
>         *From:* Patricia Lone <mailto:patricialone at hotmail.com>
>         *To:* 5-Day Forum
>         <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>         *Sent:* Thursday, January 08, 2009 7:48 PM
>         *Subject:* [5-DayForum] One person doing it all...
>
>         *Hi all... me again.  I am not quite through reading the book
>         yet, but I have read enough to know that Bill suggests having
>         multiple people involved in the process.  I am not able to
>         have others that would be willing or able to assist me in this
>         process.  (I expect the houses will not bring in enough cash
>         to afford paying others for their assistance, which puts me
>         back to square one since I have no family or relatives to help.)
>
>         How can this be done with only one person doing it all?  (I
>         was a real estate agent for 1-and-a-half years, and I also
>         have a legal assistant degree for whatever extent those two
>         things would apply.)
>
>         Patricia  *
>         *Michigan, Conservator/Landlord/Seller*
>
>
>
>
>         ------------------------------------------------------------------------
>
>         _______________________________________________
>         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
>
>
>
>     ---------- Forwarded message ----------
>     From: j crafor <jcrafor at hotmail.com <mailto:jcrafor at hotmail.com>>
>     To: "5-dayforum at mailman.how tosellyour home"
>     <5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>     Date: Sun, 11 Jan 2009 01:37:31 +0000
>     Subject: Re: [5-DayForum] One person doing it all...
>
>          
>
>         HERE"S a reason to NOT do it alone:
>
>         On Monday I got this email:
>
>          
>
>         Seattlebest20.. at aol.com
>         <mailto:Seattlebest20.. at aol.com>        bad credit ok
>
>          I responded eith my form letter and a file of the quick and
>         detailed descriptions.
>
>          
>
>         On Friday, last night, I sent the driving directions and the
>         address to everyone.
>
>          
>
>         The following was in my email today, from the same fellow.  I
>         don't think he was there today, I don't know if he'll show up
>         sunday. I'm glad I have company with me. That's a little creepy...
>
>          
>
>         why r u single available or do i know u?
>
>          
>
>         In a message dated 1/9/2009 3:37:25 P.M. Pacific Standard
>         Time, jcrafor at hotmail.com <mailto:jcrafor at hotmail.com> writes:
>
>          
>
>         Thank you for your response to my home for sale ad. I hope to
>         meet you this weekend.
>
>         J
>
>          
>         ----- Original Message -----
>         *From:* Patricia Lone <mailto:patricialone at hotmail.com>
>         *To:* 5-Day Forum
>         <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>         *Sent:* Thursday, January 08, 2009 7:48 PM
>         *Subject:* [5-DayForum] One person doing it all...
>
>         *Hi all... me again.  I am not quite through reading the book
>         yet, but I have read enough to know that Bill suggests having
>         multiple people involved in the process.  I am not able to
>         have others that would be willing or able to assist me in this
>         process.  (I expect the houses will not bring in enough cash
>         to afford paying others for their assistance, which puts me
>         back to square one since I have no family or relatives to help.)
>
>         How can this be done with only one person doing it all?  (I
>         was a real estate agent for 1-and-a-half years, and I also
>         have a legal assistant degree for whatever extent those two
>         things would apply.)
>
>         Patricia  *
>         *Michigan, Conservator/Landlord/Seller*
>
>
>
>         ------------------------------------------------------------------------
>
>
>         _______________________________________________
>         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
>
>
>     ------------------------------------------------------------------------
>     Windows Live?: Keep your life in sync. See how it works.
>     <http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t1_allup_howitworks_012009>
>
>
>     ---------- Forwarded message ----------
>     From: j crafor <jcrafor at hotmail.com <mailto:jcrafor at hotmail.com>>
>     To: "5-dayforum at mailman.how tosellyour home"
>     <5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>     Date: Sun, 11 Jan 2009 02:15:41 +0000
>     Subject: Re: [5-DayForum] Sale Diary Tucson day 4
>     I received about 32 emails and 12 phone calls. We did today's sale.
>     There were about 9 groups that came through. I have 5 bids, and
>     hope a lot more people come tomorrow.
>     Bids range from $1.00 to 79K, including one for 78,500, the lower
>     of the two advertised prices. So bids are already over the lowest
>     price. THAT's A GOOD SIGN! LOL!
>      
>     I believe there was an investor who left without leaving a bid,
>     there was a young woman who was going to bring her husband back
>     after work-they didn't come, maybe they'll be there tomorrow, and
>     another young woman who also did not leave a bid. I don't know if
>     she'll come back or not.
>     One group stayed for a longer time than the others, inspected
>     singly and in pairs, inside and out, then disappeared. After a
>     while I thought they left, and went out to see if I could see
>     them. I didn't. A few minutes later, they came back with more
>     questions. I had explained the bid process to them. The one man
>     didn't quite understand it, so I explained again, slightly
>     different words. He got it, and his sister said, "You could be up
>     all night!" We all laughed, and someone suggested a big pot of
>     coffee. They've been looking for a long time, even going to
>     auctions. They said this is nicer than any of the other auction
>     houses they've seen, and I said "Thank you!"
>      
>      
>     One man and woman asked how much I owe on it. I told tham that was
>     irrelevant, and was not going to tell them.  They tried to talk me
>     into telling them how much I owe, they'd take over the loan, and
>     proceeded to tell me how that would work.
>     I just kept saying, "Really!"   and  "I'll have to look into
>     that." and "Interesting." They didn't leave a bid, either.
>      
>     The house was staged very nicely. There were greens in 4 places, a
>     vase of fresh flowers, and a bowl of fruit on the kitchen shelf.
>     There was an umbrella'd patio table with bright plastic place
>     settings on the far side of the yard and a couple of chairs and a
>     camp table near the kitchen door, in the shade.
>      
>     I'm very glad I went to the work of staging. It made a HUGE
>     difference in MY confidence level, and the appearance of the
>     house. The one major and very obvious problem with the house is
>     the condensation in windows, and only one person was not happy at
>     all with that. A couple asked about them and were satisfied with
>     my explanation.
>      
>     Several people looked at the inspection book and summary sheet.
>     I'm glad I had helpers, and they'll be back tomorrow, too.
>      
>     Everybody that came was just   N I C E  . It was a pleasant day,
>     and I'm tired.
>      
>      
>     JCrafor
>      
>
>     ------------------------------------------------------------------------
>     Windows Live? Hotmail?: Chat. Store. Share. Do more with mail. See
>     how it works.
>     <http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t1_hm_justgotbetter_howitworks_012009>
>
>
>     ---------- Forwarded message ----------
>     From: Patricia Lone <patricialone at hotmail.com
>     <mailto:patricialone at hotmail.com>>
>     To: 5-Day Forum <5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>     Date: Sat, 10 Jan 2009 21:18:00 -0500
>     Subject: Re: [5-DayForum] One person doing it all...
>
>     *I don't get it.  I would just respond, "No I am no single, and I
>     am not available, that is not what this is about.  This is a
>     business transaction, and it will proceed to be a business
>     transaction.  If you are interested in purchasing the house, be
>     there Sunday, otherwise, please do not bother me again."  (At
>     least that is how I would respond if I interpreted your message
>     correctly.)
>
>     Most people online have a lot of kicks they like to have fun
>     with.  People who do this sort of thing are doing it just for
>     kicks.  It's their way of having fun.  Stupid I know, but it's
>     what they understand.  I believe you only need to lay it on the
>     line to them and once they discover their kicks will not get met,
>     they move on.  No biggie from where I see things.  (I'd be
>     cautious, but c'mon, I think I'd be more likely to relax first...
>     well, of course, you also need to take into consideration the
>     location as well, which of course in this circumstance, you know
>     better than I.)  Nonetheless, I would keep my cell phone always
>     very close and never ever go into the upstairs of the house, or
>     the basement, and do not let yourself get cornered.  Those are the
>     dangerous areas.  If they try to provoke you to go into one of
>     those areas, I say manage a way to get whatever papers you still
>     might want to give them and make a move for the front porch and
>     stay out there finishing up your work with them until they are
>     gone, or someone new comes in (and yes, be cautious here too
>     making sure that these two do not know each other).
>
>     Granted, if I can, I will not do this alone, but I am a pretty
>     brave woman, and being a realtor for a time, I was always showing
>     houses alone.  I do not see cause for alarm in hokie e-mails I
>     get.  Some situations do cause one to be fast-thinking on their
>     feet.  Be cautious yes, however, it's probably just a hoax, or the
>     guy might have been drunk when he responded to your e-mail,
>     forgetting all about the business transaction he had going on...
>     or a drunken stupor overtook him.  It's amazing the contractor
>     stories I have now.  lol  Can't believe what some people will pull
>     or do to "get their kicks."
>
>     Anyway, thanks for your message and your concern.  I do appreciate
>     the thought.
>
>     Patricia  *
>     *Michigan, Conservator/Landlord/Seller
>
>                **"If you need help, ask God; If you don't, thank God."*
>
>
>
>     ------------------------------------------------------------------------
>     From: jcrafor at hotmail.com <mailto:jcrafor at hotmail.com>
>     To: 5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>     Date: Sun, 11 Jan 2009 01:37:31 +0000
>     Subject: Re: [5-DayForum] One person doing it all...
>
>          
>
>         HERE"S a reason to NOT do it alone:
>
>         On Monday I got this email:
>
>          
>
>         Seattlebest20.. at aol.com
>         <mailto:Seattlebest20.. at aol.com>        bad credit ok
>
>          I responded eith my form letter and a file of the quick and
>         detailed descriptions.
>
>          
>
>         On Friday, last night, I sent the driving directions and the
>         address to everyone.
>
>          
>
>         The following was in my email today, from the same fellow.  I
>         don't think he was there today, I don't know if he'll show up
>         sunday. I'm glad I have company with me. That's a little creepy...
>
>          
>
>         why r u single available or do i know u?
>
>          
>
>         In a message dated 1/9/2009 3:37:25 P.M. Pacific Standard
>         Time, jcrafor at hotmail.com <mailto:jcrafor at hotmail.com> writes:
>
>          
>
>         Thank you for your response to my home for sale ad. I hope to
>         meet you this weekend.
>
>         J
>
>          
>         ----- Original Message -----
>         *From:* Patricia Lone <mailto:patricialone at hotmail.com>
>         *To:* 5-Day Forum
>         <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>         *Sent:* Thursday, January 08, 2009 7:48 PM
>         *Subject:* [5-DayForum] One person doing it all...
>
>         *Hi all... me again.  I am not quite through reading the book
>         yet, but I have read enough to know that Bill suggests having
>         multiple people involved in the process.  I am not able to
>         have others that would be willing or able to assist me in this
>         process.  (I expect the houses will not bring in enough cash
>         to afford paying others for their assistance, which puts me
>         back to square one since I have no family or relatives to help.)
>
>         How can this be done with only one person doing it all?  (I
>         was a real estate agent for 1-and-a-half years, and I also
>         have a legal assistant degree for whatever extent those two
>         things would apply.)
>
>         Patricia  *
>         *Michigan, Conservator/Landlord/Seller*
>
>
>
>         ------------------------------------------------------------------------
>
>         _______________________________________________
>         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
>
>
>     ------------------------------------------------------------------------
>     Windows Live?: Keep your life in sync. See how it works.
>     <http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t1_allup_howitworks_012009>
>
>
>     ---------- Forwarded message ----------
>     From: j crafor <jcrafor at hotmail.com <mailto:jcrafor at hotmail.com>>
>     To: "5-dayforum at mailman.how tosellyour home"
>     <5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>     Date: Sun, 11 Jan 2009 02:22:28 +0000
>     Subject: Re: [5-DayForum] One person doing it all...
>     I decided he was probably, as you suggested, drunk, and was not
>     going to respond to him.
>     thanks.
>     JC
>
>
>     ------------------------------------------------------------------------
>
>     From: patricialone at hotmail.com <mailto:patricialone at hotmail.com>
>     To: 5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>     Date: Sat, 10 Jan 2009 21:18:00 -0500
>     Subject: Re: [5-DayForum] One person doing it all...
>
>
>     *I don't get it.  I would just respond, "No I am no single, and I
>     am not available, that is not what this is about.  This is a
>     business transaction, and it will proceed to be a business
>     transaction.  If you are interested in purchasing the house, be
>     there Sunday, otherwise, please do not bother me again."  (At
>     least that is how I would respond if I interpreted your message
>     correctly.)
>
>     Most people online have a lot of kicks they like to have fun
>     with.  People who do this sort of thing are doing it just for
>     kicks.  It's their way of having fun.  Stupid I know, but it's
>     what they understand.  I believe you only need to lay it on the
>     line to them and once they discover their kicks will not get met,
>     they move on.  No biggie from where I see things.  (I'd be
>     cautious, but c'mon, I think I'd be more likely to relax first...
>     well, of course, you also need to take into consideration the
>     location as well, which of course in this circumstance, you know
>     better than I.)  Nonetheless, I would keep my cell phone always
>     very close and never ever go into the upstairs of the house, or
>     the basement, and do not let yourself get cornered.  Those are the
>     dangerous areas.  If they try to provoke you to go into one of
>     those areas, I say manage a way to get whatever papers you still
>     might want to give them and make a move for the front porch and
>     stay out there finishing up your work with them until they are
>     gone, or someone new comes in (and yes, be cautious here too
>     making sure that these two do not know each other).
>
>     Granted, if I can, I will not do this alone, but I am a pretty
>     brave woman, and being a realtor for a time, I was always showing
>     houses alone.  I do not see cause for alarm in hokie e-mails I
>     get.  Some situations do cause one to be fast-thinking on their
>     feet.  Be cautious yes, however, it's probably just a hoax, or the
>     guy might have been drunk when he responded to your e-mail,
>     forgetting all about the business transaction he had going on...
>     or a drunken stupor overtook him.  It's amazing the contractor
>     stories I have now.  lol  Can't believe what some people will pull
>     or do to "get their kicks."
>
>     Anyway, thanks for your message and your concern.  I do appreciate
>     the thought.
>
>     Patricia  *
>     *Michigan, Conservator/Landlord/Seller
>
>                **"If you need help, ask God; If you don't, thank God."*
>
>
>
>     ------------------------------------------------------------------------
>     From: jcrafor at hotmail.com <mailto:jcrafor at hotmail.com>
>     To: 5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>     Date: Sun, 11 Jan 2009 01:37:31 +0000
>     Subject: Re: [5-DayForum] One person doing it all...
>
>          
>
>         HERE"S a reason to NOT do it alone:
>
>         On Monday I got this email:
>
>          
>
>         Seattlebest20.. at aol.com
>         <mailto:Seattlebest20.. at aol.com>        bad credit ok
>
>          I responded eith my form letter and a file of the quick and
>         detailed descriptions.
>
>          
>
>         On Friday, last night, I sent the driving directions and the
>         address to everyone.
>
>          
>
>         The following was in my email today, from the same fellow.  I
>         don't think he was there today, I don't know if he'll show up
>         sunday. I'm glad I have company with me. That's a little creepy...
>
>          
>
>         why r u single available or do i know u?
>
>          
>
>         In a message dated 1/9/2009 3:37:25 P.M. Pacific Standard
>         Time, jcrafor at hotmail.com <mailto:jcrafor at hotmail.com> writes:
>
>          
>
>         Thank you for your response to my home for sale ad. I hope to
>         meet you this weekend.
>
>         J
>
>          
>         ----- Original Message -----
>         *From:* Patricia Lone <mailto:patricialone at hotmail.com>
>         *To:* 5-Day Forum
>         <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>         *Sent:* Thursday, January 08, 2009 7:48 PM
>         *Subject:* [5-DayForum] One person doing it all...
>
>         *Hi all... me again.  I am not quite through reading the book
>         yet, but I have read enough to know that Bill suggests having
>         multiple people involved in the process.  I am not able to
>         have others that would be willing or able to assist me in this
>         process.  (I expect the houses will not bring in enough cash
>         to afford paying others for their assistance, which puts me
>         back to square one since I have no family or relatives to help.)
>
>         How can this be done with only one person doing it all?  (I
>         was a real estate agent for 1-and-a-half years, and I also
>         have a legal assistant degree for whatever extent those two
>         things would apply.)
>
>         Patricia  *
>         *Michigan, Conservator/Landlord/Seller*
>
>
>
>         ------------------------------------------------------------------------
>
>         _______________________________________________
>         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
>
>
>     ------------------------------------------------------------------------
>     Windows Live?: Keep your life in sync. See how it works.
>     <http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t1_allup_howitworks_012009>
>     ------------------------------------------------------------------------
>     Windows Live? Hotmail?: Chat. Store. Share. Do more with mail. See
>     how it works.
>     <http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t1_hm_justgotbetter_howitworks_012009>
>
>
>     ---------- Forwarded message ----------
>     From: Patricia Lone <patricialone at hotmail.com
>     <mailto:patricialone at hotmail.com>>
>     To: 5-Day Forum <5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>>
>     Date: Sat, 10 Jan 2009 21:25:40 -0500
>     Subject: Re: [5-DayForum] Sale Diary Tucson day 4
>
>     *That's great JCrafor!  I am glad your day was so successful. 
>     Wow... got the advertised price met already.  That is an eye
>     opener.  Good luck and please keep letting us know how this
>     progresses for you.  I enjoyed reading about your day.  Hopefully
>     those who were there today wanted to sleep on it and will be back
>     on the second day to add their name to the list.
>
>     Patricia  *
>     *Michigan, Conservator/Landlord/Seller
>     *
>
>
>     ------------------------------------------------------------------------
>     From: jcrafor at hotmail.com <mailto:jcrafor at hotmail.com>
>     To: 5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>     Date: Sun, 11 Jan 2009 02:15:41 +0000
>     Subject: Re: [5-DayForum] Sale Diary Tucson day 4
>
>     I received about 32 emails and 12 phone calls. We did today's sale.
>     There were about 9 groups that came through. I have 5 bids, and
>     hope a lot more people come tomorrow.
>     Bids range from $1.00 to 79K, including one for 78,500, the lower
>     of the two advertised prices. So bids are already over the lowest
>     price. THAT's A GOOD SIGN! LOL!
>      
>     I believe there was an investor who left without leaving a bid,
>     there was a young woman who was going to bring her husband back
>     after work-they didn't come, maybe they'll be there tomorrow, and
>     another young woman who also did not leave a bid. I don't know if
>     she'll come back or not.
>     One group stayed for a longer time than the others, inspected
>     singly and in pairs, inside and out, then disappeared. After a
>     while I thought they left, and went out to see if I could see
>     them. I didn't. A few minutes later, they came back with more
>     questions. I had explained the bid process to them. The one man
>     didn't quite understand it, so I explained again, slightly
>     different words. He got it, and his sister said, "You could be up
>     all night!" We all laughed, and someone suggested a big pot of
>     coffee. They've been looking for a long time, even going to
>     auctions. They said this is nicer than any of the other auction
>     houses they've seen, and I said "Thank you!"
>      
>     One man and woman asked how much I owe on it. I told tham that was
>     irrelevant, and was not going to tell them.  They tried to talk me
>     into telling them how much I owe, they'd take over the loan, and
>     proceeded to tell me how that would work.
>     I just kept saying, "Really!"   and  "I'll have to look into
>     that." and "Interesting." They didn't leave a bid, either.
>      
>     The house was staged very nicely. There were greens in 4 places, a
>     vase of fresh flowers, and a bowl of fruit on the kitchen shelf.
>     There was an umbrella'd patio table with bright plastic place
>     settings on the far side of the yard and a couple of chairs and a
>     camp table near the kitchen door, in the shade.
>      
>     I'm very glad I went to the work of staging. It made a HUGE
>     difference in MY confidence level, and the appearance of the
>     house. The one major and very obvious problem with the house is
>     the condensation in windows, and only one person was not happy at
>     all with that. A couple asked about them and were satisfied with
>     my explanation.
>      
>     Several people looked at the inspection book and summary sheet.
>     I'm glad I had helpers, and they'll be back tomorrow, too.
>      
>     Everybody that came was just   N I C E  . It was a pleasant day,
>     and I'm tired.
>      
>      
>     JCrafor
>
>
>     _______________________________________________
>     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 real.estate.professor at hotmail.com  Fri Jan 23 10:46:59 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Fri, 23 Jan 2009 09:46:59 -0600
Subject: [5-DayForum] My 5-day sale
In-Reply-To: <431493.28775.qm@web81002.mail.mud.yahoo.com>
References: <431493.28775.qm@web81002.mail.mud.yahoo.com>
Message-ID: <BLU122-W134C407DDF2E408A1FB6E4B4CF0@phx.gbl>


Hi David:
 
Glad to hear that your pre-sale campaign is working and to be of some help.  Bill's method works.
 
Regarding the showing activity and why nobody made any offers under the traditional listing approach, let me offer this perspective. 
 
In my opinion, the biggest single advantage to the 5 Day Sale (auctioning approach) is that it produces ?market? offers more quickly regardless of market conditions.  This approach changes the dynamic of making an offer to the favor of buyers.  Instead of a seller pricing a property high and challenging buyers to "make offers," 5 Day Sale (auctioning) allows the seller to price low and empower buyers to challenge them (sellers) to "accept their offers."  
 
This is a dynamic that accomplishes two things; it creates a comfort zone for buyers to engage sellers directly and "make their best offers" for the property without feeling as though they are wasting their time or insulting the seller.  Furthermore, the approach intrigues the "fringe" buyer that is capable of buying, but is perhaps not actively looking at properties (and likely not represented).
 
Good luck and keep us posted, we're all rooting for your success!
 
Kyle
www.AuctionBySeller.com 
 

Date: Fri, 23 Jan 2009 07:06:29 -0800From: dberning at flash.netTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] My 5-day sale





I wanted to say a big thanks to Bill for the 5-day format.  I also want to thank Kyle Cascioli for his help and input.
 
I am trying to follow the book as close as I can with a few exceptions.  One being I used a flat fee broker to list my house.  I followed Kyle's advice and have it set to cancel on Sat. night and posted that I would not accept any contracts until Sunday after 5pm.  This kept me out of legal trouble if an agent brought me a full price contract and I turned it down.  It doesn't appear to have slowed down the number of agents contacting him and me.  Since my number and e-mail is not listed in the MLS, the agent has advised all the agents and buyers to contact me and has forwarded e-mails to me.  I had the owner of the top real estate firm in town call me yesterday and wanted to bring a client through the house.  I politely told her that the house will open from 10-5 on Sat. & Sun.  There was a long silence and then she said o.k.  This is the owner of a firm that represented me on my last listing and had another agent tell me to figure out what I had in the house and dump it.  It kind of made me smile.
 
I am getting lots of responses from Craigslist and the newspaper ad.  I also listed in with Postlets.  I have had a web page for the last 2 1/2 years just on this house.  I have been checking the stats and I am getting lots of hits coming from Zillow.com (thank Kyle) and Yahoo.  I know Bill said hits don't count but it is an interesting way of seeing the amount of traffic on the house.  
 
I listed the house at $294,500.  Tarrant Appraisal has it at $691,200.  T.A.D. is know to be about 20% under the market with regards to sold property.  My last listing an agency we brought the home down to $595,000 and got no offers or walk throughs.  It expired this last November.  I had a $500,000 offer back a 1 1/2 ago when the home was listed for $650,000.  I countered with an offer of $600,000 and he walked away.  The only other offer I have had on the house was for $415,000.  I turned it down.  There are currently about eight comparable properties aroung me for sale at around $799,000 to $875,000.  There have been about that many sold in the last 6 months in that same price range.  I first listed this house at $875,000 and I was right in the middle of the comps listed in several CMA's I received from agents.  
 
If my 5-day works out, I feel the price should come back up to the high $400,000 to low $500,000.  We will see and I will keep the forum updated.  The other change I am thinking about doing having a hybrid bid sheet.  Someone on the board said that until they made the bid sheet private nobody would write down the bid.  So I am going to have the bid sheet for everyone to see but if someone does not want their name and phone number shown I will give them a number, put that number on the bid sheet and then write down on the public sheet what their bid was.  They will have to write down a bid amount.  What does the forum have to say about the hybrid bid sheet?
 
I have a lot to do today to make copies and finish getting the house ready.  The neighborhood is a buzz.  Old money loves when there is a bargain to be had.  I was doing a bid for a bathroom remodel down from my property and the owner started telling me stories.  She is a good friend to my wife's cousin.  (My wife's cousin is involved with the social scene her in Fort Worth.  Her grandparents owned the Detroit Tigers and her mom was best friends with Conrad Hilton and is buried close to him in a Dallas cemetary). Well this friend was telling me about how she was a function and all the people were talking about my home.  She said one lady really really wants your home and has been through it several times.  I asked why she never made an offer.  She didn't know.   I find the 5-day method fascinating in that it forces everbody's hand.  They know the window is closing and they can't lay back and see if I am going to reduce it another $50,000.  Now they are going to have to bid against other people and who knows what will happen.   It is like a feeding frenzy but I don't feel like the bait.  They are fighting all these other people while I watch and listen.  Very fun.
 
Well I have rambled enough.  Thanks again to everyone who has helped or posted on the forum, it is a big help.  I will keep you posted.
 
David Berning 
_________________________________________________________________
Windows Live? Hotmail?:?more than just e-mail. 
http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t2_hm_justgotbetter_explore_012009
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From patricialone at hotmail.com  Fri Jan 23 21:39:27 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Fri, 23 Jan 2009 21:39:27 -0500
Subject: [5-DayForum] Rundown properties & 5-day sales
Message-ID: <BLU141-W284D03EAED06A17A798114D2CC0@phx.gbl>


Hi Everyone...Question...There are some properties I am taking care of that are pretty run down... I wondered how the 5-Day Sale will work with properties that are in need of a lot of repairs... such as painting (some interior And Exterior painting), flooring work or carpet replacement, broken windows, missing storm windows, houses that need new furnaces since they now have the ancient octopus furnaces in them (the ancient 50 or so years old, one still working, the other one not working and needs replaced),... foundation work on a few... I think you get the picture... and I wanted to know how the 5-day sale plan works with houses that need quite a bit to an excessive amount of work.  Any knowledge, thoughts, or suggestions?Patricia  Michigan, Conservator/Seller/Landlord           "If you need help, ask God; If you don't, thank God."
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From patricialone at hotmail.com  Fri Jan 23 21:43:50 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Fri, 23 Jan 2009 21:43:50 -0500
Subject: [5-DayForum] Rundown properties & 5-day sales
In-Reply-To: <BLU141-W284D03EAED06A17A798114D2CC0@phx.gbl>
References: <BLU141-W284D03EAED06A17A798114D2CC0@phx.gbl>
Message-ID: <BLU141-W8FF786B9B6E2872C5933BD2CC0@phx.gbl>


Oh yeah... at this point, money is also extremely limited.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Fri, 23 Jan 2009 21:39:27 -0500Subject: [5-DayForum] Rundown properties & 5-day sales


Hi Everyone...Question...There are some properties I am taking care of that are pretty run down... I wondered how the 5-Day Sale will work with properties that are in need of a lot of repairs... such as painting (some interior And Exterior painting), flooring work or carpet replacement, broken windows, missing storm windows, houses that need new furnaces since they now have the ancient octopus furnaces in them (the ancient 50 or so years old, one still working, the other one not working and needs replaced),... foundation work on a few... I think you get the picture... and I wanted to know how the 5-day sale plan works with houses that need quite a bit to an excessive amount of work.  Any knowledge, thoughts, or suggestions?Patricia  Michigan, Conservator/Seller/Landlord           "If you need help, ask God; If you don't, thank God."
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From rosemarie-fred at mindspring.com  Fri Jan 23 23:09:30 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Fri, 23 Jan 2009 23:09:30 -0500
Subject: [5-DayForum] Rundown properties & 5-day sales
References: <BLU141-W284D03EAED06A17A798114D2CC0@phx.gbl>
Message-ID: <8E9C7F0735B7449CA92C1BA30FFD7314@rosemarifv6onv>

You would probably be selling these to investors. What they want to know is, what repairs are needed and how much will they cost, and then how much will it sell or rent for after fixup. So I would find a contractor who could give you an estimate of the repairs and what he would charge to take care of them. Have that as part of your inspection.
If you can do a little outside work - simple landscaping and anything else that screams at you as you approach, it should attract more prospects. 
Good luck!
Rosemarie 
  ----- Original Message ----- 
  From: Patricia Lone 
  To: 5-Day Forum 
  Sent: Friday, January 23, 2009 9:39 PM
  Subject: [5-DayForum] Rundown properties & 5-day sales


  Hi Everyone...

  Question...

  There are some properties I am taking care of that are pretty run down... I wondered how the 5-Day Sale will work with properties that are in need of a lot of repairs... such as painting (some interior And Exterior painting), flooring work or carpet replacement, broken windows, missing storm windows, houses that need new furnaces since they now have the ancient octopus furnaces in them (the ancient 50 or so years old, one still working, the other one not working and needs replaced),... foundation work on a few... I think you get the picture... and I wanted to know how the 5-day sale plan works with houses that need quite a bit to an excessive amount of work.  Any knowledge, thoughts, or suggestions?

  Patricia  
  Michigan, Conservator/Seller/Landlord

             "If you need help, ask God; If you don't, thank God."





------------------------------------------------------------------------------


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  5-DayForum at mailman.howtosellyourhomein5days.com
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From bill at effros.com  Sat Jan 24 08:59:04 2009
From: bill at effros.com (Bill Effros)
Date: Sat, 24 Jan 2009 08:59:04 -0500
Subject: [5-DayForum] Rundown properties & 5-day sales
In-Reply-To: <BLU141-W284D03EAED06A17A798114D2CC0@phx.gbl>
References: <BLU141-W284D03EAED06A17A798114D2CC0@phx.gbl>
Message-ID: <497B1EA8.7020902@effros.com>

Patricia,

Spend nothing. Explain everything.  Run 5-Day Sales as soon as 
possible.  Take the high bids.

Bill Effros, Author







Patricia Lone wrote:
>
> *Hi Everyone...
>
> Question...
>
> There are some properties I am taking care of that are pretty run 
> down... I wondered how the 5-Day Sale will work with properties that 
> are in need of a lot of repairs... such as painting (some interior And 
> Exterior painting), flooring work or carpet replacement, broken 
> windows, missing storm windows, houses that need new furnaces since 
> they now have the ancient octopus furnaces in them (the ancient 50 or 
> so years old, one still working, the other one not working and needs 
> replaced),... foundation work on a few... I think you get the 
> picture... and I wanted to know how the 5-day sale plan works with 
> houses that need quite a bit to an excessive amount of work.  Any 
> knowledge, thoughts, or suggestions?
>
> Patricia  *
> *Michigan, Conservator/Seller/Landlord
>
>            **"If you need help, ask God; If you don't, thank God."*
>
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 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  Sat Jan 24 09:12:09 2009
From: bill at effros.com (Bill Effros)
Date: Sat, 24 Jan 2009 09:12:09 -0500
Subject: [5-DayForum] My 5-day sale
In-Reply-To: <431493.28775.qm@web81002.mail.mud.yahoo.com>
References: <431493.28775.qm@web81002.mail.mud.yahoo.com>
Message-ID: <497B21B9.3060700@effros.com>

David,

Drop the hybrid bidding list idea.  How will you answer the question 
"How do I know you are not just making up bids?"

There are plenty of ways bidders can disguise their identities should 
they choose to do so.  Open bidding is just that.  Let people bid 1 
penny if they want to disguise their bid. 

You must control that bidding sheet.  It is literally worth a fortune.  
Nobody gets to sit with it and copy down names and telephone numbers.  
You never sell it, or use it for any purpose after the 5-Day Sale.

If bidders don't feel they can trust you, they shouldn't bid.  Don't let 
people who aren't going to be the high bidders tell you how to alter a 
proven technique. Your high bid will be lower than it otherwise would 
have been.

Bill Effros, Author


dberning at flash.net wrote:
> I wanted to say a big thanks to Bill for the 5-day format.  I also 
> want to thank Kyle Cascioli for his help and input.
>  
> I am trying to follow the book as close as I can with a few 
> exceptions.  One being I used a flat fee broker to list my house.  I 
> followed Kyle's advice and have it set to cancel on Sat. night and 
> posted that I would not accept any contracts until Sunday after 5pm.  
> This kept me out of legal trouble if an agent brought me a full price 
> contract and I turned it down.  It doesn't appear to have slowed down 
> the number of agents contacting him and me.  Since my number and 
> e-mail is not listed in the MLS, the agent has advised all the agents 
> and buyers to contact me and has forwarded e-mails to me.  I had the 
> owner of the top real estate firm in town call me yesterday and wanted 
> to bring a client through the house.  I politely told her that the 
> house will open from 10-5 on Sat. & Sun.  There was a long silence and 
> then she said o.k.  This is the owner of a firm that represented me on 
> my last listing and had another agent tell me to figure out what I had 
> in the house and dump it.  It kind of made me smile.
>  
> I am getting lots of responses from Craigslist and the newspaper ad.  
> I also listed in with Postlets.  I have had a web page for the last 2 
> 1/2 years just on this house.  I have been checking the stats and I am 
> getting lots of hits coming from Zillow.com (thank Kyle) and Yahoo.  I 
> know Bill said hits don't count but it is an interesting way of seeing 
> the amount of traffic on the house. 
>  
> I listed the house at $294,500.  Tarrant Appraisal has it at 
> $691,200.  T.A.D. is know to be about 20% under the market with 
> regards to sold property.  My last listing an agency we brought the 
> home down to $595,000 and got no offers or walk throughs.  It expired 
> this last November.  I had a $500,000 offer back a 1 1/2 ago when the 
> home was listed for $650,000.  I countered with an offer of $600,000 
> and he walked away.  The only other offer I have had on the house was 
> for $415,000.  I turned it down.  There are currently about eight 
> comparable properties aroung me for sale at around $799,000 to 
> $875,000.  There have been about that many sold in the last 6 months 
> in that same price range.  I first listed this house at $875,000 and I 
> was right in the middle of the comps listed in several CMA's I 
> received from agents. 
>  
> If my 5-day works out, I feel the price should come back up to the 
> high $400,000 to low $500,000.  We will see and I will keep the forum 
> updated.  The other change I am thinking about doing having a hybrid 
> bid sheet.  Someone on the board said that until they made the bid 
> sheet private nobody would write down the bid.  So I am going to have 
> the bid sheet for everyone to see but if someone does not want their 
> name and phone number shown I will give them a number, put that number 
> on the bid sheet and then write down on the public sheet what their 
> bid was.  They will have to write down a bid amount.  What does the 
> forum have to say about the hybrid bid sheet?
>  
> I have a lot to do today to make copies and finish getting the house 
> ready.  The neighborhood is a buzz.  Old money loves when there is a 
> bargain to be had.  I was doing a bid for a bathroom remodel down from 
> my property and the owner started telling me stories.  She is a good 
> friend to my wife's cousin.  (My wife's cousin is involved with the 
> social scene her in Fort Worth.  Her grandparents owned the Detroit 
> Tigers and her mom was best friends with Conrad Hilton and is buried 
> close to him in a Dallas cemetary). Well this friend was telling me 
> about how she was a function and all the people were talking about my 
> home.  She said one lady really really wants your home and has been 
> through it several times.  I asked why she never made an offer.  She 
> didn't know.   I find the 5-day method fascinating in that it forces 
> everbody's hand.  They know the window is closing and they can't lay 
> back and see if I am going to reduce it another $50,000.  Now they are 
> going to have to bid against other people and who knows what will 
> happen.   It is like a feeding frenzy but I don't feel like the bait.  
> They are fighting all these other people while I watch and 
> listen.  Very fun.
>  
> Well I have rambled enough.  Thanks again to everyone who has helped 
> or posted on the forum, it is a big help.  I will keep you posted.
>  
> David Berning 
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 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  Sat Jan 24 09:22:43 2009
From: bill at effros.com (Bill Effros)
Date: Sat, 24 Jan 2009 09:22:43 -0500
Subject: [5-DayForum] My 5-day sale
In-Reply-To: <BLU122-W134C407DDF2E408A1FB6E4B4CF0@phx.gbl>
References: <431493.28775.qm@web81002.mail.mud.yahoo.com>
	<BLU122-W134C407DDF2E408A1FB6E4B4CF0@phx.gbl>
Message-ID: <497B2433.6010801@effros.com>

To follow up on Kyle's comments, I have been in a home offered for sale 
for 2 years by an owner who was also a broker.  Everyone knew about the 
5-Day Sale.  The home was purchased by someone who had been through the 
house previously, made several bids, really wanted the home.  The 
buyer's FINAL FINAL offer 6 months prior to the 5-Day Sale was $500,000 
less than his top bid Sunday night.

The seller had a non-refundable $90,000 cashiers check on his desk 
Monday morning to secure the bid.

Bill Effros, Author

PS -- Kyle, I like the way you signed your name, and would encourage 
other professionals to use the same technique.  Put a link to your web 
page below your name so anyone can figure out who you are, and where you 
are coming from.  If they don't care, they don't have to click.

 



Kyle Cascioli wrote:
> Hi David:
>  
> Glad to hear that your pre-sale campaign is working and to be of some 
> help.  Bill's method works.
>  
> Regarding the showing activity and why nobody made any offers under 
> the traditional listing approach, let me offer this perspective. 
>
>  
>
> In my opinion, the biggest single advantage to the 5 Day Sale 
> (auctioning approach) is that it produces ?market? offers more quickly 
> regardless of market conditions.  This approach changes the dynamic of 
> making an offer to the favor of buyers.  Instead of a seller pricing a 
> property high and challenging buyers to "make offers," 5 Day Sale 
> (auctioning) allows the seller to price low and empower buyers to 
> challenge them (sellers) to "accept their offers." 
>
>  
>
> This is a dynamic that accomplishes two things; it creates a comfort 
> zone for buyers to engage sellers directly and "make their best 
> offers" for the property without feeling as though they are wasting 
> their time or insulting the seller.  Furthermore, the approach 
> intrigues the "fringe" buyer that is capable of buying, but is perhaps 
> not actively looking at properties (and likely not represented).
>
>  
>
> Good luck and keep us posted, we're all rooting for your success!
>
>  
>
> Kyle
>
> www.AuctionBySeller.com <http://www.AuctionBySeller.com>
>
>  
>
>
>
> ------------------------------------------------------------------------
> Date: Fri, 23 Jan 2009 07:06:29 -0800
> From: dberning at flash.net
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] My 5-day sale
>
> I wanted to say a big thanks to Bill for the 5-day format.  I also 
> want to thank Kyle Cascioli for his help and input.
>  
> I am trying to follow the book as close as I can with a few 
> exceptions.  One being I used a flat fee broker to list my house.  I 
> followed Kyle's advice and have it set to cancel on Sat. night and 
> posted that I would not accept any contracts until Sunday after 5pm.  
> This kept me out of legal trouble if an agent brought me a full price 
> contract and I turned it down.  It doesn't appear to have slowed down 
> the number of agents contacting him and me.  Since my number and 
> e-mail is not listed in the MLS, the agent has advised all the agents 
> and buyers to contact me and has forwarded e-mails to me.  I had the 
> owner of the top real estate firm in town call me yesterday and wanted 
> to bring a client through the house.  I politely told her that the 
> house will open from 10-5 on Sat. & Sun.  There was a long silence and 
> then she said o.k.  This is the owner of a firm that represented me on 
> my last listing and had another agent tell me to figure out what I had 
> in the house and dump it.  It kind of made me smile.
>  
> I am getting lots of responses from Craigslist and the newspaper ad.  
> I also listed in with Postlets.  I have had a web page for the last 2 
> 1/2 years just on this house.  I have been checking the stats and I am 
> getting lots of hits coming from Zillow.com (thank Kyle) and Yahoo.  I 
> know Bill said hits don't count but it is an interesting way of seeing 
> the amount of traffic on the house. 
>  
> I listed the house at $294,500.  Tarrant Appraisal has it at 
> $691,200.  T.A.D. is know to be about 20% under the market with 
> regards to sold property.  My last listing an agency we brought the 
> home down to $595,000 and got no offers or walk throughs.  It expired 
> this last November.  I had a $500,000 offer back a 1 1/2 ago when the 
> home was listed for $650,000.  I countered with an offer of $600,000 
> and he walked away.  The only other offer I have had on the house was 
> for $415,000.  I turned it down.  There are currently about eight 
> comparable properties aroung me for sale at around $799,000 to 
> $875,000.  There have been about that many sold in the last 6 months 
> in that same price range.  I first listed this house at $875,000 and I 
> was right in the middle of the comps listed in several CMA's I 
> received from agents. 
>  
> If my 5-day works out, I feel the price should come back up to the 
> high $400,000 to low $500,000.  We will see and I will keep the forum 
> updated.  The other change I am thinking about doing having a hybrid 
> bid sheet.  Someone on the board said that until they made the bid 
> sheet private nobody would write down the bid.  So I am going to have 
> the bid sheet for everyone to see but if someone does not want their 
> name and phone number shown I will give them a number, put that number 
> on the bid sheet and then write down on the public sheet what their 
> bid was.  They will have to write down a bid amount.  What does the 
> forum have to say about the hybrid bid sheet?
>  
> I have a lot to do today to make copies and finish getting the house 
> ready.  The neighborhood is a buzz.  Old money loves when there is a 
> bargain to be had.  I was doing a bid for a bathroom remodel down from 
> my property and the owner started telling me stories.  She is a good 
> friend to my wife's cousin.  (My wife's cousin is involved with the 
> social scene her in Fort Worth.  Her grandparents owned the Detroit 
> Tigers and her mom was best friends with Conrad Hilton and is buried 
> close to him in a Dallas cemetary). Well this friend was telling me 
> about how she was a function and all the people were talking about my 
> home.  She said one lady really really wants your home and has been 
> through it several times.  I asked why she never made an offer.  She 
> didn't know.   I find the 5-day method fascinating in that it forces 
> everbody's hand.  They know the window is closing and they can't lay 
> back and see if I am going to reduce it another $50,000.  Now they are 
> going to have to bid against other people and who knows what will 
> happen.   It is like a feeding frenzy but I don't feel like the bait.  
> They are fighting all these other people while I watch and 
> listen.  Very fun.
>  
> Well I have rambled enough.  Thanks again to everyone who has helped 
> or posted on the forum, it is a big help.  I will keep you posted.
>  
> David Berning 
>
>
> ------------------------------------------------------------------------
> Windows Live? Hotmail?:?more than just e-mail. Check it out. 
> <http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t2_hm_justgotbetter_explore_012009> 
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 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  Sat Jan 24 09:26:05 2009
From: bill at effros.com (Bill Effros)
Date: Sat, 24 Jan 2009 09:26:05 -0500
Subject: [5-DayForum] MLS
In-Reply-To: <0A555F65A65F45ADBC60182DF8325CC9@rosemarifv6onv>
References: <953177.89972.qm@web81001.mail.mud.yahoo.com>
	<0A555F65A65F45ADBC60182DF8325CC9@rosemarifv6onv>
Message-ID: <497B24FD.8030808@effros.com>

Thanks, again, Rosemarie!

Absolutely right.

Bill Effros, Author



rosemarie-fred wrote:
> Why do you want to put it on MLS? You will certainly get brokers, and 
> I think one of the main points of the book is to do it yourself and 
> avoid them. Rules differ from state to state. Here in NC I have been 
> told that if you list a property at a price in MLS and get an offer of 
> that much cash, without strings, you are obliged to accept it. And 
> yes, pay the commission. So we would have to do it another way - not 
> the 5 day sale.
> I strongly recommend that if you are going to use this system, use 
> this system! Almost everyone who fails says they used the system 
> except for.....something or other. So, they didn't use the system!
> Good luck
> Rosemarie
>  
>
>     ----- Original Message -----
>     *From:* dberning at flash.net <mailto:dberning at flash.net>
>     *To:* 5-dayforum at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>     *Sent:* Monday, January 19, 2009 4:03 PM
>     *Subject:* [5-DayForum] MLS
>
>     I am running a 5-day this weekend on my investment house.  I was
>     going to list it on the MLS using a flat fee broker here in Fort
>     Worth.  He stated that in Texas if you list the property you are
>     agreeing to pay the 3% commission to the buyer if they have an
>     agent.  If the agent brings me my asking price and meets all my
>     conditions and I decline then the agent can come after me for the
>     3% even if I do not sell to that agent.  Is this correct?  He
>     stated that I could put the asking price or best offer and add a
>     $1.00 commission.  This would probably keep agents from bringing
>     buyers (not really what I want) but would keep my exposure at
>     $1.00.  If a put a commission of less that 2% on the MLS, he
>     charges an additional $400.00.  I feel that is a little much since
>     the listing is only $299.00.  My gut tells me to not put it on the
>     MLS and just advertise like the book says.
>      
>     I know Bill says to not protect the broker but is there a way to
>     list on the MLS and not create a legal or financial mess for me? 
>     Any advice would be appreciated.
>      
>     David Berning
>
>     ------------------------------------------------------------------------
>     _______________________________________________
>     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  Sat Jan 24 09:41:20 2009
From: bill at effros.com (Bill Effros)
Date: Sat, 24 Jan 2009 09:41:20 -0500
Subject: [5-DayForum] Brokers, Investors, Home-Owners
Message-ID: <497B2890.1030409@effros.com>

Everyone who reads this list should be clear about who they are, and why 
they are here.  Please categorize yourself so newbies can factor in the 
reason so many people spend such an extraordinary amount of time helping 
others.

I'm the author of the book, and I run the list.  Sometimes I categorize 
myself as "Author" other times as "List Administrator".

Some people are "Newbies".  Others are "Successful 5-Day Sellers". Etc.

Brokers should identify themselves in such a way that others can 
understand what they are doing here:  "Broker Trying to Figure Out 
Whether 5-Day Sales Will Work For Houses I Represent" is fine.  As is, 
"Broker Willing to Run 5-Day Sales for Others in North Carolina"

"Investors Looking For Homes To Buy" should list themselves just that way.

"Investors Trying To Dump Excess Inventory."

Etc.

You get the idea.

If you have a web site that describes your business, feel free to post a 
link below your name. 

This list is a lot of work for everybody -- even the lurkers. 

I think it is helpful if everyone can understand the viewpoint each 
person brings into this discussion.

Bill Effros
List Administrator





From djeehs at gmail.com  Sat Jan 24 04:27:05 2009
From: djeehs at gmail.com (David Johnson)
Date: Sat, 24 Jan 2009 04:27:05 -0500
Subject: [5-DayForum] unsubscribe
Message-ID: <4424efe20901240127r1ba45164h70553f4a8513c3d@mail.gmail.com>

This is the 3rd email I'm sending.  I want to to be taken off the forum.
I'm getting very anoid about this and do not want to receive any more
emails!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

David Johnson
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From bill at effros.com  Sat Jan 24 10:12:04 2009
From: bill at effros.com (Bill Effros)
Date: Sat, 24 Jan 2009 10:12:04 -0500
Subject: [5-DayForum] unsubscribe
In-Reply-To: <4424efe20901240127r1ba45164h70553f4a8513c3d@mail.gmail.com>
References: <4424efe20901240127r1ba45164h70553f4a8513c3d@mail.gmail.com>
Message-ID: <497B2FC4.5040203@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

PS -- I LOVE that spelling on anoid!  So much so, that I looked it up.  
Here's what I found in the urban dictionary:

1.  Anoid--An organism that consists entirely of an anus.

2.   Anoid--A person, or approximation thereof, who is a reasonable 
facsimily of an "ASSHOLE", but does not meet the quality standards of 
the afore mentioned.

PPS --  According to list records, you are not a member of this list 
under the email address you sent this message.  It is impossible to 
unsubscribe a subscription that does not exist.  If you have some other 
email subscription please unsubscribe yourself.  No one else can do it 
for you.


David Johnson wrote:
> This is the 3rd email I'm sending.  I want to to be taken off the 
> forum.  I'm getting very anoid about this and do not want to receive 
> any more emails!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
>  
> David Johnson
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From real.estate.professor at hotmail.com  Sat Jan 24 10:32:07 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Sat, 24 Jan 2009 09:32:07 -0600
Subject: [5-DayForum] My 5-day sale
In-Reply-To: <497B2433.6010801@effros.com>
References: <431493.28775.qm@web81002.mail.mud.yahoo.com>
	<BLU122-W134C407DDF2E408A1FB6E4B4CF0@phx.gbl>
	<497B2433.6010801@effros.com>
Message-ID: <BLU122-W370C7BBE042AB816BB7808B4CC0@phx.gbl>


Thanks Bill ... you've helped your readers, professionals, academics, entrepreneurs, and consumers with your methodology including myself.
 
I'm convinced that the use of 5 Day Sale and auctioning strategies will continue to become more mainstream throughout this cycle and beyond.
 
Have a great weekend.
 
Best to all, 
 
Kyle
www.AuctionBySeller.com 



Date: Sat, 24 Jan 2009 09:22:43 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] My 5-day saleTo follow up on Kyle's comments, I have been in a home offered for sale for 2 years by an owner who was also a broker.  Everyone knew about the 5-Day Sale.  The home was purchased by someone who had been through the house previously, made several bids, really wanted the home.  The buyer's FINAL FINAL offer 6 months prior to the 5-Day Sale was $500,000 less than his top bid Sunday night.The seller had a non-refundable $90,000 cashiers check on his desk Monday morning to secure the bid.Bill Effros, AuthorPS -- Kyle, I like the way you signed your name, and would encourage other professionals to use the same technique.  Put a link to your web page below your name so anyone can figure out who you are, and where you are coming from.  If they don't care, they don't have to click. Kyle Cascioli wrote: 


Hi David: Glad to hear that your pre-sale campaign is working and to be of some help.  Bill's method works. Regarding the showing activity and why nobody made any offers under the traditional listing approach, let me offer this perspective. 
 
In my opinion, the biggest single advantage to the 5 Day Sale (auctioning approach) is that it produces ?market? offers more quickly regardless of market conditions.  This approach changes the dynamic of making an offer to the favor of buyers.  Instead of a seller pricing a property high and challenging buyers to "make offers," 5 Day Sale (auctioning) allows the seller to price low and empower buyers to challenge them (sellers) to "accept their offers."  
 
This is a dynamic that accomplishes two things; it creates a comfort zone for buyers to engage sellers directly and "make their best offers" for the property without feeling as though they are wasting their time or insulting the seller.  Furthermore, the approach intrigues the "fringe" buyer that is capable of buying, but is perhaps not actively looking at properties (and likely not represented).
 
Good luck and keep us posted, we're all rooting for your success!
 
Kyle
www.AuctionBySeller.com 
 

Date: Fri, 23 Jan 2009 07:06:29 -0800From: dberning at flash.netTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] My 5-day sale





I wanted to say a big thanks to Bill for the 5-day format.  I also want to thank Kyle Cascioli for his help and input.
 
I am trying to follow the book as close as I can with a few exceptions.  One being I used a flat fee broker to list my house.  I followed Kyle's advice and have it set to cancel on Sat. night and posted that I would not accept any contracts until Sunday after 5pm.  This kept me out of legal trouble if an agent brought me a full price contract and I turned it down.  It doesn't appear to have slowed down the number of agents contacting him and me.  Since my number and e-mail is not listed in the MLS, the agent has advised all the agents and buyers to contact me and has forwarded e-mails to me.  I had the owner of the top real estate firm in town call me yesterday and wanted to bring a client through the house.  I politely told her that the house will open from 10-5 on Sat. & Sun.  There was a long silence and then she said o.k.  This is the owner of a firm that represented me on my last listing and had another agent tell me to figure out what I had in the house and dump it.  It kind of made me smile.
 
I am getting lots of responses from Craigslist and the newspaper ad.  I also listed in with Postlets.  I have had a web page for the last 2 1/2 years just on this house.  I have been checking the stats and I am getting lots of hits coming from Zillow.com (thank Kyle) and Yahoo.  I know Bill said hits don't count but it is an interesting way of seeing the amount of traffic on the house.  
 
I listed the house at $294,500.  Tarrant Appraisal has it at $691,200.  T.A.D. is know to be about 20% under the market with regards to sold property.  My last listing an agency we brought the home down to $595,000 and got no offers or walk throughs.  It expired this last November.  I had a $500,000 offer back a 1 1/2 ago when the home was listed for $650,000.  I countered with an offer of $600,000 and he walked away.  The only other offer I have had on the house was for $415,000.  I turned it down.  There are currently about eight comparable properties aroung me for sale at around $799,000 to $875,000.  There have been about that many sold in the last 6 months in that same price range.  I first listed this house at $875,000 and I was right in the middle of the comps listed in several CMA's I received from agents.  
 
If my 5-day works out, I feel the price should come back up to the high $400,000 to low $500,000.  We will see and I will keep the forum updated.  The other change I am thinking about doing having a hybrid bid sheet.  Someone on the board said that until they made the bid sheet private nobody would write down the bid.  So I am going to have the bid sheet for everyone to see but if someone does not want their name and phone number shown I will give them a number, put that number on the bid sheet and then write down on the public sheet what their bid was.  They will have to write down a bid amount.  What does the forum have to say about the hybrid bid sheet?
 
I have a lot to do today to make copies and finish getting the house ready.  The neighborhood is a buzz.  Old money loves when there is a bargain to be had.  I was doing a bid for a bathroom remodel down from my property and the owner started telling me stories.  She is a good friend to my wife's cousin.  (My wife's cousin is involved with the social scene her in Fort Worth.  Her grandparents owned the Detroit Tigers and her mom was best friends with Conrad Hilton and is buried close to him in a Dallas cemetary). Well this friend was telling me about how she was a function and all the people were talking about my home.  She said one lady really really wants your home and has been through it several times.  I asked why she never made an offer.  She didn't know.   I find the 5-day method fascinating in that it forces everbody's hand.  They know the window is closing and they can't lay back and see if I am going to reduce it another $50,000.  Now they are going to have to bid against other people and who knows what will happen.   It is like a feeding frenzy but I don't feel like the bait.  They are fighting all these other people while I watch and listen.  Very fun.
 
Well I have rambled enough.  Thanks again to everyone who has helped or posted on the forum, it is a big help.  I will keep you posted.
 
David Berning 

Windows Live? Hotmail?:?more than just e-mail. Check it out. 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  
_________________________________________________________________
Hotmail? goes where you go. On a PC, on the Web, on your phone. 
http://www.windowslive-hotmail.com/learnmore/versatility.aspx#mobile?ocid=TXT_TAGHM_WL_HM_versatility_121208 
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From go.jelinco at gmail.com  Sat Jan 24 12:31:17 2009
From: go.jelinco at gmail.com (Linda Gray)
Date: Sat, 24 Jan 2009 11:31:17 -0600
Subject: [5-DayForum] I signed up for the forum and would like to post
Message-ID: <60ff2e4d0901240931o3fc422cdv5365b1fe5bd9d43d@mail.gmail.com>

Hello Mr. Effros,

I feel a little silly.  I signed up for the forum and I don't know how
access posting to it unless this is how.

Thanks,
Linda Gray
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From jdr444 at hotmail.com  Sat Jan 24 16:34:18 2009
From: jdr444 at hotmail.com (jeff rubin)
Date: Sat, 24 Jan 2009 21:34:18 -0000
Subject: [5-DayForum] question
Message-ID: <BLU142-DAV107ED6675EE0E9B5CFE0B987CC0@phx.gbl>

Bill;
I am having my 1st sale next weekend.  My question to you is this, If someone comes in on Sunday and sees he is the last and highest bid and he calls and says he is the highest bidder and he wants proof that he is just that, how do I explain to him our process. 

My way is this...Our list of bidders are interested bidders and everyone on our list have an opportunity to outbid the highest bid in our Round Robin bidder.  We will start with the high bidder and go down our list, so you could be the high bidder, however, we can not tell you until we call all our interested bidders.  

If that is right, could you please give me a head up.  Also what do you do if someone doesn't believe you have a higher bidder and wants proof.  

Your answers will be greatly appreciated and we are very exicted about our 1st sale.  You can either email me or call me at 818-987-8090 or jdr444 at aol.com

Thank you in advance
Jeff Rubin
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From bill at effros.com  Sat Jan 24 16:52:12 2009
From: bill at effros.com (Bill Effros)
Date: Sat, 24 Jan 2009 16:52:12 -0500
Subject: [5-DayForum] I signed up for the forum and would like to post
In-Reply-To: <60ff2e4d0901240931o3fc422cdv5365b1fe5bd9d43d@mail.gmail.com>
References: <60ff2e4d0901240931o3fc422cdv5365b1fe5bd9d43d@mail.gmail.com>
Message-ID: <497B8D8C.8090706@effros.com>

Linda,

You're in.

The first time you post I must clear it.

After that your email posts immediately.

Bill Effros
List Administrator



Linda Gray wrote:
> Hello Mr. Effros,
>
> I feel a little silly.  I signed up for the forum and I don't know how 
> access posting to it unless this is how. 
>
> Thanks,
> Linda Gray
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From dberning at flash.net  Sat Jan 24 20:43:33 2009
From: dberning at flash.net (dberning at flash.net)
Date: Sat, 24 Jan 2009 17:43:33 -0800 (PST)
Subject: [5-DayForum] My 5-day sale
In-Reply-To: <497B2433.6010801@effros.com>
Message-ID: <523690.12075.qm@web81007.mail.mud.yahoo.com>

Bill,Kyle and the rest of the forum,
?
Thanks for your inputs. I will try to give a quick update on my 5-day sale.
?
I received about 15 inquiries personally by Friday.? My flat fee agent had another 6-7 and forwarded about 3-4 e-mails to me from buyers contacting him through the MLS.?? Yes, I listed on the MLS along with Craigslist and Postlets and my ad in the newspaper.??My listing expires tonight.??I feel?it was the best $299.00 I have spent besides Bill's book.? It put my home out in front of a lot of agents and buyers.? I have had about 6 agents call me about how they can get their client in the bidding process.? Only one asked me if I would honor the commission and I said no.? The owner of the top agency?in town wanted to bring a client by on Wednesday and I said no.? That client came to the house on Thursday and?asked me to show him the house.? I said no and reminded him the home would be open on Sat and Sun.? 
?
Open house today.? I had probably 40-45 people come through the house today.? Most would not leave a bid but said they would be back tomorrow.? Don't quite understand?that but I guess?most had their poker face on.??My house?is listed at $294,500 and I had three people sign the bid sheet.??I had bids of $1.00, $250,000 and $275,000.? Had a women stop by to ask me what the colors were on?the house.? Loved the inside, left and came back with her dentist husband and stayed about 40 minutes.? I know of at least three people who?are coming tomorrow with their agents.? Had five people look at the house, leave and then bring back spouses.? Two people left and then came back with parents or sent parents in to see the house.? I have a feeling I will be swamped come about 4:45 tomorrow.? ?Found out today that the house diagonal from mine just sold for $550,000.? Bungalow with about 2500 sq. ft.???Not updated.? A lot?of the people who came
 through today are from the neighborhood and/or are friends of people in the neighborhood and are well aware of values of the homes around them.??Fort Worth has and continues to be very stable.? I have?a gut feeling that they know my house is probable going for more than?the bungalow.?? It is probably a $650,000-$750,000 neighborhood for homes?the size of mine.? I am curious to see what the highest bid will be under the 5-day method.? Overall a very interesting day.
?
I have received lots of hits on my web page from people in New York, California and Florida.? I am hoping for an out of state person to jump into the mix.? My home would be a lot of house for a little price compared to their market.?? We will see.? I do have a question.? What kind of earnest money should I require when I sign the contract?? ?Is it the usually 1-2% or should it be something different with the 5-day sale?? I am looking forward to seeing how things play out tomorrow.?? I am putting the link to my website under my name in case someone wants to see what my house looks like.? Will keep you posted about what happens tomorrow and even after.
?
David Berning
www.homeworks-llc.com


--- On Sat, 1/24/09, Bill Effros <bill at effros.com> wrote:

From: Bill Effros <bill at effros.com>
Subject: Re: [5-DayForum] My 5-day sale
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Saturday, January 24, 2009, 8:22 AM


To follow up on Kyle's comments, I have been in a home offered for sale for 2 years by an owner who was also a broker.? Everyone knew about the 5-Day Sale.? The home was purchased by someone who had been through the house previously, made several bids, really wanted the home.? The buyer's FINAL FINAL offer 6 months prior to the 5-Day Sale was $500,000 less than his top bid Sunday night.

The seller had a non-refundable $90,000 cashiers check on his desk Monday morning to secure the bid.

Bill Effros, Author

PS -- Kyle, I like the way you signed your name, and would encourage other professionals to use the same technique.? Put a link to your web page below your name so anyone can figure out who you are, and where you are coming from.? If they don't care, they don't have to click.

?



Kyle Cascioli wrote: 


#yiv1010202624 .hmmessage P
{
margin:0px;padding:0px;}
#yiv1010202624 {
font-size:10pt;font-family:Verdana;}

Hi David:
?
Glad to hear that your pre-sale campaign is working and to be of some help.? Bill's method works.
?
Regarding?the showing activity and why nobody made?any offers under the traditional listing approach, let me offer this perspective.?

?
In my opinion, the biggest single advantage to the 5 Day Sale (auctioning approach) is that it produces ?market? offers more quickly regardless of market conditions.? This?approach changes the dynamic of making an offer to the favor of buyers.? Instead of a seller pricing a property high and challenging buyers to "make offers," 5 Day Sale (auctioning) allows the seller to price low and empower buyers to challenge them (sellers) to "accept their offers."? 
?
This is a dynamic that accomplishes two things; it creates a comfort zone for buyers to engage sellers directly and "make their best offers" for the property without feeling as though they are wasting their time or insulting the seller.? Furthermore, the approach intrigues the "fringe" buyer that is capable of buying, but is perhaps not actively looking at properties (and likely not represented).
?
Good luck and keep us posted, we're all rooting for your success!
?
Kyle
www.AuctionBySeller.com 
?



Date: Fri, 23 Jan 2009 07:06:29 -0800
From: dberning at flash.net
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] My 5-day sale







I wanted to say a big thanks to Bill for the 5-day format.? I also want to thank Kyle Cascioli for his help and input.
?
I am trying to follow the book as close as I can with a few exceptions.? One being I used a flat fee broker to list my house.? I followed Kyle's advice and have it set to cancel on Sat. night and posted that I would not accept any contracts until Sunday after 5pm.? This kept me out of legal trouble if an agent brought me a full price contract and I turned it down.? It doesn't appear to have slowed down the number of agents contacting him and me.? Since my number and e-mail is not listed in the MLS, the agent has advised all the agents and buyers to contact me and has forwarded e-mails to me.? I had the owner of the top real estate firm in town call me yesterday and wanted to bring a client through the house.? I politely told her that the house will open from 10-5 on Sat. & Sun.? There was a long silence and then she said o.k.? This is the owner of a firm that represented me on my last listing and had another agent tell me to figure out what I
 had in the house and dump it.? It kind of made me smile.
?
I am getting lots of responses from Craigslist and the newspaper ad.? I also listed in with Postlets.? I have had a web page for the last 2 1/2 years just on this house.? I have been checking the stats and I am getting lots of hits coming from Zillow.com (thank Kyle) and Yahoo.? I know Bill said hits don't count but it is an interesting way of seeing the amount of traffic on the house.? 
?
I listed the house at $294,500.? Tarrant Appraisal has it at $691,200.? T.A.D. is know to be about 20% under the market with regards to sold property.? My last listing an agency we brought the home down to $595,000 and got no offers or walk throughs.? It expired this last November.? I had a $500,000 offer back a 1 1/2 ago when the home was listed for $650,000.? I countered with an offer of $600,000 and he walked away.? The only other offer I have had on the house was for $415,000.? I turned it down.? There are currently about eight comparable properties aroung me for sale at around $799,000 to $875,000.? There have been about that many sold in the last 6 months in that same price range.? I first listed this house at $875,000 and I was right in the middle of the comps listed in several CMA's I received from agents.? 
?
If my 5-day works out, I feel the price should come back up to the high $400,000 to low $500,000.? We will see and I will keep the forum updated.? The other change I am thinking about doing having a hybrid bid sheet.? Someone on the board said that until they made the bid sheet private nobody would write down the bid.? So I am going to have the bid sheet for everyone to see but if someone does not want their name and phone number shown I will give them a number, put that number on the bid sheet and then write down on the public sheet what their bid was.? They will have to write down a bid amount.? What does the forum have to say about the hybrid bid sheet?
?
I have a lot to do today to make copies and finish getting the house ready.? The neighborhood is a buzz.? Old money loves when there is a bargain to be had.? I was doing a bid for a bathroom remodel down from my property and the owner started telling me stories.? She is a good friend to my wife's cousin.? (My wife's cousin is involved with the social scene her in Fort Worth.? Her grandparents owned the Detroit Tigers and her mom was best friends with Conrad Hilton and is buried close to him in a Dallas cemetary). Well this friend was telling me about how she was a function and all the people were talking about?my home.??She said one lady really really wants your home?and has been through it several times.? I asked why she never made an offer.??She didn't know.?? I find the 5-day method fascinating in that it forces everbody's hand.? They know the window is closing and they can't lay back and?see if I am going to reduce it
 another?$50,000.? Now they are going to have to bid against other people and who knows what will happen.?? It is like a feeding frenzy but?I don't feel like the bait.? They are fighting all these other people while I watch and listen.??Very fun.
?
Well?I?have?rambled enough.? Thanks again?to everyone who has helped or posted on the forum, it is a big help.??I will keep you posted.
?
David Berning?


Windows Live? Hotmail?:?more than just e-mail. Check it out. 
_______________________________________________
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 dberning at flash.net  Sat Jan 24 20:47:18 2009
From: dberning at flash.net (dberning at flash.net)
Date: Sat, 24 Jan 2009 17:47:18 -0800 (PST)
Subject: [5-DayForum] My 5-day sale
In-Reply-To: <497B21B9.3060700@effros.com>
Message-ID: <451448.31379.qm@web81008.mail.mud.yahoo.com>

Thanks Bill,
?
I used your bid sheet just like you said in the book.? I had it on a clipboard and carried it with me all day.? 
?
David Berning
www.homeworks-llc.com


--- On Sat, 1/24/09, Bill Effros <bill at effros.com> wrote:

From: Bill Effros <bill at effros.com>
Subject: Re: [5-DayForum] My 5-day sale
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Saturday, January 24, 2009, 8:12 AM


David,

Drop the hybrid bidding list idea.? How will you answer the question "How do I know you are not just making up bids?"

There are plenty of ways bidders can disguise their identities should they choose to do so.? Open bidding is just that.? Let people bid 1 penny if they want to disguise their bid.? 

You must control that bidding sheet.? It is literally worth a fortune.? Nobody gets to sit with it and copy down names and telephone numbers.? You never sell it, or use it for any purpose after the 5-Day Sale.

If bidders don't feel they can trust you, they shouldn't bid.? Don't let people who aren't going to be the high bidders tell you how to alter a proven technique. Your high bid will be lower than it otherwise would have been.

Bill Effros, Author


dberning at flash.net wrote: 






I wanted to say a big thanks to Bill for the 5-day format.? I also want to thank Kyle Cascioli for his help and input.
?
I am trying to follow the book as close as I can with a few exceptions.? One being I used a flat fee broker to list my house.? I followed Kyle's advice and have it set to cancel on Sat. night and posted that I would not accept any contracts until Sunday after 5pm.? This kept me out of legal trouble if an agent brought me a full price contract and I turned it down.? It doesn't appear to have slowed down the number of agents contacting him and me.? Since my number and e-mail is not listed in the MLS, the agent has advised all the agents and buyers to contact me and has forwarded e-mails to me.? I had the owner of the top real estate firm in town call me yesterday and wanted to bring a client through the house.? I politely told her that the house will open from 10-5 on Sat. & Sun.? There was a long silence and then she said o.k.? This is the owner of a firm that represented me on my last listing and had another agent tell me to figure out what I
 had in the house and dump it.? It kind of made me smile.
?
I am getting lots of responses from Craigslist and the newspaper ad.? I also listed in with Postlets.? I have had a web page for the last 2 1/2 years just on this house.? I have been checking the stats and I am getting lots of hits coming from Zillow.com (thank Kyle) and Yahoo.? I know Bill said hits don't count but it is an interesting way of seeing the amount of traffic on the house.? 
?
I listed the house at $294,500.? Tarrant Appraisal has it at $691,200.? T.A.D. is know to be about 20% under the market with regards to sold property.? My last listing an agency we brought the home down to $595,000 and got no offers or walk throughs.? It expired this last November.? I had a $500,000 offer back a 1 1/2 ago when the home was listed for $650,000.? I countered with an offer of $600,000 and he walked away.? The only other offer I have had on the house was for $415,000.? I turned it down.? There are currently about eight comparable properties aroung me for sale at around $799,000 to $875,000.? There have been about that many sold in the last 6 months in that same price range.? I first listed this house at $875,000 and I was right in the middle of the comps listed in several CMA's I received from agents.? 
?
If my 5-day works out, I feel the price should come back up to the high $400,000 to low $500,000.? We will see and I will keep the forum updated.? The other change I am thinking about doing having a hybrid bid sheet.? Someone on the board said that until they made the bid sheet private nobody would write down the bid.? So I am going to have the bid sheet for everyone to see but if someone does not want their name and phone number shown I will give them a number, put that number on the bid sheet and then write down on the public sheet what their bid was.? They will have to write down a bid amount.? What does the forum have to say about the hybrid bid sheet?
?
I have a lot to do today to make copies and finish getting the house ready.? The neighborhood is a buzz.? Old money loves when there is a bargain to be had.? I was doing a bid for a bathroom remodel down from my property and the owner started telling me stories.? She is a good friend to my wife's cousin.? (My wife's cousin is involved with the social scene her in Fort Worth.? Her grandparents owned the Detroit Tigers and her mom was best friends with Conrad Hilton and is buried close to him in a Dallas cemetary). Well this friend was telling me about how she was a function and all the people were talking about?my home.??She said one lady really really wants your home?and has been through it several times.? I asked why she never made an offer.??She didn't know.?? I find the 5-day method fascinating in that it forces everbody's hand.? They know the window is closing and they can't lay back and?see if I am going to reduce it
 another?$50,000.? Now they are going to have to bid against other people and who knows what will happen.?? It is like a feeding frenzy but?I don't feel like the bait.? They are fighting all these other people while I watch and listen.??Very fun.
?
Well?I?have?rambled enough.? Thanks again?to everyone who has helped or posted on the forum, it is a big help.??I will keep you posted.
?
David Berning?
_______________________________________________
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  Sun Jan 25 11:24:18 2009
From: bill at effros.com (Bill Effros)
Date: Sun, 25 Jan 2009 11:24:18 -0500
Subject: [5-DayForum] Test -- Please Do Not Reply
Message-ID: <497C9232.7040109@effros.com>



From jolllyroger at yahoo.com  Mon Jan 26 05:06:55 2009
From: jolllyroger at yahoo.com (Brice Cook)
Date: Mon, 26 Jan 2009 02:06:55 -0800 (PST)
Subject: [5-DayForum] remove me
In-Reply-To: <497B8D8C.8090706@effros.com>
Message-ID: <495217.13365.qm@web38903.mail.mud.yahoo.com>

remove me

--- On Sat, 1/24/09, Bill Effros <bill at effros.com> wrote:

From: Bill Effros <bill at effros.com>
Subject: Re: [5-DayForum] I signed up for the forum and would like to post
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Saturday, January 24, 2009, 1:52 PM


Linda,

You're in.

The first time you post I must clear it.

After that your email posts immediately.

Bill Effros
List Administrator



Linda Gray wrote: 
Hello Mr. Effros,

I feel a little silly.? I signed up for the forum and I don't know how access posting to it unless this is how.? 

Thanks,
Linda Gray

_______________________________________________
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  Mon Jan 26 10:24:01 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 26 Jan 2009 10:24:01 -0500
Subject: [5-DayForum] My Bad
Message-ID: <497DD591.2010909@effros.com>

I was working on the 5-Day Forum over the weekend and accidentally 
knocked the mailing list off-line.

I think it is repaired now.

I believe any messages sent to the list while it was off-line will be 
sent through to all list members, but I'm not sure.

Sorry.

Bill Effros
List Administrator

From patricialone at hotmail.com  Mon Jan 26 16:20:35 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Mon, 26 Jan 2009 16:20:35 -0500
Subject: [5-DayForum] Test
Message-ID: <BLU141-W30C39B5E0F91DAD9411C11D2CA0@phx.gbl>


Hmmm, just checking to see if this is working... no messages yet today, so far, since Bill got this back online.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."
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From MoseyMe at aol.com  Mon Jan 26 16:54:16 2009
From: MoseyMe at aol.com (MoseyMe at aol.com)
Date: Mon, 26 Jan 2009 16:54:16 EST
Subject: [5-DayForum] archives
Message-ID: <c02.50f5e511.36af8b08@aol.com>

seeking info.
**************From Wall Street to Main Street and everywhere in between, stay 
up-to-date with the latest news. (http://aol.com?ncid=emlcntaolcom00000023)
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From sterbert at yahoo.com  Sun Jan 25 17:24:50 2009
From: sterbert at yahoo.com (Steven Herbert)
Date: Sun, 25 Jan 2009 14:24:50 -0800 (PST)
Subject: [5-DayForum] The Morning After--Monday (Tacoma)
Message-ID: <188124.35107.qm@web30204.mail.mud.yahoo.com>

Hi folks,

I have plans to run a 5-dale sale on my house in 2/28,
3/1. I've never sold a house before and don't know
much about real estate ... I had it on the market 6
months last year.

I'm a little fuzzy on how to do Monday morning (I
haven't identified a settlement agent--I need to get
on that). 

Doesn't it take more than 1 day to finalize things? My
wife and I work full time and have a zillion kids. The
book made it sound like Monday would be glorious. I
sure hope it is.

My big questions are:
#1. How much time off do I ask my boss for (Monday
only)? 

#2. Would both my wife and I need to be present? 

#3. Does the buyer need to be present with me at the
Settlement Agent's office to do the contract?

#4. If high bidder #1 falls through, how long does it
take to find that out? Do I need Tuesday and Wednesday
to repeat the process until I'm successful with
someone? 

Thanks,
Steven
Tacoma, WA



      

From e5moorman at gmail.com  Sun Jan 25 18:51:00 2009
From: e5moorman at gmail.com (Eric Moorman)
Date: Sun, 25 Jan 2009 17:51:00 -0600
Subject: [5-DayForum] 4 Calls by Friday Night?
Message-ID: <b37ae1760901251551s6f18a66dh69f928d62f9be0dc@mail.gmail.com>

I had to cancel my 5 day sale this weekend because I only received four
calls by Friday night.  The house is new and in a nice neighborhood near a
popular lake.  It cost $283,000 to build and we were hoping to get
$300,000.  We documented in the ad that the price was $149,500 or best
offer.  We also indicated that the house was new, had 4400 square feet in
total which included an unfinished walk out basement, 3 bedrooms, 3
bathrooms and a two car garage.  I placed the ad in a large regional
newspaper, a local paper, and a popular "For Sale by Owner" website. I tried
to follow all the rules and I was very surprised by the low response.  The
ad was set up according to the example in the 5 Day Sale Book.  I want to
try again in about three weeks and I need help with where I went wrong with
this part of the process.

Thank You,

Bill Moorman
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From sterbert at yahoo.com  Mon Jan 26 16:41:59 2009
From: sterbert at yahoo.com (Steven Herbert)
Date: Mon, 26 Jan 2009 13:41:59 -0800 (PST)
Subject: [5-DayForum] The (Monday) Morning After (tacoma, WA)
Message-ID: <844465.87419.qm@web30208.mail.mud.yahoo.com>

Hi Folks,

I'm in Tacoma, WA, & I have plans to use this method
the last weekend of Feb (2/28, 3/1) and have few
questions.

#1.Is Monday morning fairly straight-forward
typically? 

I've never sold a house and know very little. I
haven't yet figured out who is to be my Settlement
Agent. (I'm thinking a lawyer or title company.  A
title complany did the work when I bought the house,
using an Real Estate Agent.) 

#2. How much time from work should I ask off? 

So far, I've asked off for Monday, expecting that to
be sufficient, but maybe someone here knows better.

Thanks,

Steven




      

From bill at effros.com  Mon Jan 26 17:19:54 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 26 Jan 2009 17:19:54 -0500
Subject: [5-DayForum] Archives
Message-ID: <497E370A.6000305@effros.com>

The answer to every question asked to date can be found in the Archives.

To View Prior Months' Archives:

www.5-DayForum.com

Click on "About the Forum" link below the 4 blue buttons on the left
side of the home page

Click on "5-DayForum Archives" in the second paragraph of the first topic.

This should give you access to every question and answer ever posted on 
the Forum including a downloadable text version for each month.

You can sort the archives by thread, date, author and subject.

Bill Effros
List Administrator





From bill at effros.com  Mon Jan 26 17:22:02 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 26 Jan 2009 17:22:02 -0500
Subject: [5-DayForum] Test
In-Reply-To: <BLU141-W30C39B5E0F91DAD9411C11D2CA0@phx.gbl>
References: <BLU141-W30C39B5E0F91DAD9411C11D2CA0@phx.gbl>
Message-ID: <497E378A.5080704@effros.com>

Patricia,

Thanks for testing.  I was wondering, too.

Sometimes things work for me as list administrator that don't work for 
anyone else on the list. 

I guess we're OK again.

Bill Effros
List Administrator



Patricia Lone wrote:
>
> *Hmmm, just checking to see if this is working... no messages yet 
> today, so far, since Bill got this back online.
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller
>
>            **"If you need help, ask God; If you don't, thank God."*
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From flyingnutjob at gmail.com  Mon Jan 26 17:36:25 2009
From: flyingnutjob at gmail.com (Dutch Revenboer)
Date: Mon, 26 Jan 2009 16:36:25 -0600
Subject: [5-DayForum] 4 Calls by Friday Night?
In-Reply-To: <b37ae1760901251551s6f18a66dh69f928d62f9be0dc@mail.gmail.com>
References: <b37ae1760901251551s6f18a66dh69f928d62f9be0dc@mail.gmail.com>
Message-ID: <d2b697900901261436n422fa026m7e29d872ef4a5c32@mail.gmail.com>

Bill,

I'm not sure you went wrong.  As I've stated before, IMHO, what we are
witnessing in the marketplace is a paralysis caused by fear and
uncertainty.  We haven't really seen anything of this magnitude in over 20
years.  I liken it back to the early 80s gasoline crisis, when there were
long lines at the pumps, even while there was not really any true shortage.

Until people become more confident in the economy and the lending market
loosens up the purse strings, there are simply not as many real buyers out
there.  They are sitting on the sidelines watching.  Only the sharks are
swimming right now.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No
Credit, Bad Credit OK - www.BuySellRentHouses.com


On Sun, Jan 25, 2009 at 5:51 PM, Eric Moorman <e5moorman at gmail.com> wrote:

> I had to cancel my 5 day sale this weekend because I only received four
> calls by Friday night.  The house is new and in a nice neighborhood near a
> popular lake.  It cost $283,000 to build and we were hoping to get
> $300,000.  We documented in the ad that the price was $149,500 or best
> offer.  We also indicated that the house was new, had 4400 square feet in
> total which included an unfinished walk out basement, 3 bedrooms, 3
> bathrooms and a two car garage.  I placed the ad in a large regional
> newspaper, a local paper, and a popular "For Sale by Owner" website. I tried
> to follow all the rules and I was very surprised by the low response.  The
> ad was set up according to the example in the 5 Day Sale Book.  I want to
> try again in about three weeks and I need help with where I went wrong with
> this part of the process.
>
> Thank You,
>
> Bill Moorman
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
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From sterbert at yahoo.com  Mon Jan 26 17:50:19 2009
From: sterbert at yahoo.com (Steven Herbert)
Date: Mon, 26 Jan 2009 14:50:19 -0800 (PST)
Subject: [5-DayForum] Cost of a Settlement Agent (Tacoma, WA)
Message-ID: <131944.67797.qm@web30207.mail.mud.yahoo.com>


How much should I expect to pay for a Settlement Agent
in Tacoma, WA ???

Is there any difference in price, quality, or
convenience between using a lawyer or Title Insurance
Company?

Steven


      

From bill at effros.com  Mon Jan 26 18:03:38 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 26 Jan 2009 18:03:38 -0500
Subject: [5-DayForum] 4 Calls by Friday Night?
In-Reply-To: <d2b697900901261436n422fa026m7e29d872ef4a5c32@mail.gmail.com>
References: <b37ae1760901251551s6f18a66dh69f928d62f9be0dc@mail.gmail.com>
	<d2b697900901261436n422fa026m7e29d872ef4a5c32@mail.gmail.com>
Message-ID: <497E414A.5060901@effros.com>

Bill,

Dutch and I disagree on this.

IMHO your home is not currently worth anything near $300,000, and you 
will not be able to sell it until you face this fact.

I understand that homes in California are currently being offered by 
banks for $25,000 to $50,000. The builder who contacted me said the 
materials alone would cost him $70,000 if he wanted to duplicate the 
same home on the same location.

He also said the government is offering him $20,000 per home 
(non-refundable to the government) to rehab it.

He believes he can rent the homes for $1000 a month, but he's not sure. 

The average selling price of home is now down to $175,000.

I don't think the prices will go back up to where they were for a long 
time -- until there is massive inflation, which won't happen while 
people are losing their jobs, because the government won't let it happen.

It's not a pretty picture.  I think the 5-Day Method told you all you 
need to know.  Now you've got to decide what you're going to do about it.

Bill Effros
Author


Dutch Revenboer wrote:
> Bill,
>
> I'm not sure you went wrong.  As I've stated before, IMHO, what we are 
> witnessing in the marketplace is a paralysis caused by fear and 
> uncertainty.  We haven't really seen anything of this magnitude in 
> over 20 years.  I liken it back to the early 80s gasoline crisis, when 
> there were long lines at the pumps, even while there was not really 
> any true shortage.
>
> Until people become more confident in the economy and the lending 
> market loosens up the purse strings, there are simply not as many real 
> buyers out there.  They are sitting on the sidelines watching.  Only 
> the sharks are swimming right now.
>
>
> Dutch Revenboer
>
> Broker Associate
> Metro Brokers of Oklahoma
> www.DreamHomesOKC.com <http://www.DreamHomesOKC.com>
> 405-590-6563
>
> We Buy Houses - www.OKCash4Homes.com <http://www.OKCash4Homes.com>
>
> We Help Stop Foreclosure - www.OKHomesavers.com 
> <http://www.OKHomesavers.com>
>
> We Sell / Lease Homes - Specializing in Low Down Owner Carry 
> Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com 
> <http://www.BuySellRentHouses.com>
>
>
> On Sun, Jan 25, 2009 at 5:51 PM, Eric Moorman <e5moorman at gmail.com 
> <mailto:e5moorman at gmail.com>> wrote:
>
>     I had to cancel my 5 day sale this weekend because I only received
>     four calls by Friday night.  The house is new and in a nice
>     neighborhood near a popular lake.  It cost $283,000 to build and
>     we were hoping to get $300,000.  We documented in the ad that the
>     price was $149,500 or best offer.  We also indicated that the
>     house was new, had 4400 square feet in total which included an
>     unfinished walk out basement, 3 bedrooms, 3 bathrooms and a two
>     car garage.  I placed the ad in a large regional newspaper, a
>     local paper, and a popular "For Sale by Owner" website. I tried to
>     follow all the rules and I was very surprised by the low
>     response.  The ad was set up according to the example in the 5 Day
>     Sale Book.  I want to try again in about three weeks and I need
>     help with where I went wrong with this part of the process.
>
>     Thank You,
>
>     Bill Moorman
>
>
>     _______________________________________________
>     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 nkhouri at cfl.rr.com  Mon Jan 26 18:13:56 2009
From: nkhouri at cfl.rr.com (Naji)
Date: Mon, 26 Jan 2009 18:13:56 -0500
Subject: [5-DayForum] 4 Calls by Friday Night?
In-Reply-To: <d2b697900901261436n422fa026m7e29d872ef4a5c32@mail.gmail.com>
References: <b37ae1760901251551s6f18a66dh69f928d62f9be0dc@mail.gmail.com>
	<d2b697900901261436n422fa026m7e29d872ef4a5c32@mail.gmail.com>
Message-ID: <A446C71D791B4464B6166B9EA3299523@NSKHome>

I'll have to disagree with a few things. Regardless of market conditions,
there are always buyers, period!!! Even during the great depression people
did by homes, even during the disastrous S&L crisis, people bought homes,
even when mortgage rates were over 15%, people bought homes.

 

As to why Bill did not receive more inquiries, there could be many reasons,
but I would have to disagree with Bill Effros regarding
advertising/marketing in the paper only. The majority (80%+) of people these
days use the internet to find a house to buy, plus they want as much
information and photos of the property as possible before even looking at a
house. No one wants to waste their time looking at homes that don't fit what
they're looking for especially with the number of homes on the market;
hence, a small ad in the paper with such a low price may indicate a dump and
nothing more!

 

In such a terrible market you have to use each and every avenue imaginable
to market your home; newspaper, online, MLS, word of mouth, direct
marketing, signage, email blast, etc plus you have to make sure that your
house is the cream of the crop and stands above and beyond anything else out
there.

 

But with all the advertising and marketing that you do, it may still be a no
go if the location of your home is not desirable or if your expectations are
not reasonable even if the house is brand new with all the bells and
whistles. For example, if the house is in a brand new community that's 80%
empty and of the 20% remaining homes, 50% plus are either in foreclosure or
bank owned (similar to Lehigh Acres in South Florida), then I doubt that
anyone will even take the place for free. I know I wouldn't.

 

My 2 cents worth

 

-Naji

  _____  

From:
5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com
[mailto:5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5da
ys.com] On Behalf Of Dutch Revenboer
Sent: Monday, January 26, 2009 5:36 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] 4 Calls by Friday Night?

 

Bill,

I'm not sure you went wrong.  As I've stated before, IMHO, what we are
witnessing in the marketplace is a paralysis caused by fear and uncertainty.
We haven't really seen anything of this magnitude in over 20 years.  I liken
it back to the early 80s gasoline crisis, when there were long lines at the
pumps, even while there was not really any true shortage.

Until people become more confident in the economy and the lending market
loosens up the purse strings, there are simply not as many real buyers out
there.  They are sitting on the sidelines watching.  Only the sharks are
swimming right now.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No
Credit, Bad Credit OK - www.BuySellRentHouses.com



On Sun, Jan 25, 2009 at 5:51 PM, Eric Moorman <e5moorman at gmail.com> wrote:

I had to cancel my 5 day sale this weekend because I only received four
calls by Friday night.  The house is new and in a nice neighborhood near a
popular lake.  It cost $283,000 to build and we were hoping to get $300,000.
We documented in the ad that the price was $149,500 or best offer.  We also
indicated that the house was new, had 4400 square feet in total which
included an unfinished walk out basement, 3 bedrooms, 3 bathrooms and a two
car garage.  I placed the ad in a large regional newspaper, a local paper,
and a popular "For Sale by Owner" website. I tried to follow all the rules
and I was very surprised by the low response.  The ad was set up according
to the example in the 5 Day Sale Book.  I want to try again in about three
weeks and I need help with where I went wrong with this part of the process.

Thank You,

Bill Moorman


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

 

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From flyingnutjob at gmail.com  Mon Jan 26 18:35:18 2009
From: flyingnutjob at gmail.com (Dutch Revenboer)
Date: Mon, 26 Jan 2009 17:35:18 -0600
Subject: [5-DayForum] 4 Calls by Friday Night?
In-Reply-To: <A446C71D791B4464B6166B9EA3299523@NSKHome>
References: <b37ae1760901251551s6f18a66dh69f928d62f9be0dc@mail.gmail.com>
	<d2b697900901261436n422fa026m7e29d872ef4a5c32@mail.gmail.com>
	<A446C71D791B4464B6166B9EA3299523@NSKHome>
Message-ID: <d2b697900901261535m4f0ba4f7vabc30070eafe65f@mail.gmail.com>

Well, I didn't say there were NO buyers, just not enough of them to get a
real picture of value.  Sure, if you are super literal, if there is only one
buyer for an item, it is worth only what that one buyer will pay for it.
However, that is not the definition of a market.

I like to use the analogy of buying stocks.  Some stocks are heavily traded,
others are lightly traded.  Lets say there are 2 companies whose stock is
selling for $100 a share, but one trades over 1 million shares a day, and
the other averages only 10,000 shares a day.

Now, the market says that each is worth $100 a share.  However, If I trade
1,000 shares of company A, it may only move the price $1.00.  If I trade
1,000 shares of company be, it may move the price $10.00 or even more.  The
underlying value of the companies is the same, but the CURRENT MARKET PRICE
has changed because of the volume.  I virtually AM the market that day.

The housing market is a commodity, just likes pork bellies and stocks.
Volume, rumor, fear, etc. can and do move prices.

I like the 5-day method, but IN MY OPINION ONLY, which differs from Bills,
is that unless you MUST sell, you are going to take a bath, because the few
buyers out there define the market, and it's a buyers market.

This is simply my opinion, worth exactly what you just paid for it.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No
Credit, Bad Credit OK - www.BuySellRentHouses.com


On Mon, Jan 26, 2009 at 5:13 PM, Naji <nkhouri at cfl.rr.com> wrote:

>  I'll have to disagree with a few things? Regardless of market conditions,
> there are always buyers, period!!! Even during the great depression people
> did by homes, even during the disastrous S&L crisis, people bought homes,
> even when mortgage rates were over 15%, people bought homes.
>
>
>
> As to why Bill did not receive more inquiries, there could be many reasons,
> but I would have to disagree with Bill Effros regarding
> advertising/marketing in the paper only? The majority (80%+) of people these
> days use the internet to find a house to buy, plus they want as much
> information and photos of the property as possible before even looking at a
> house. No one wants to waste their time looking at homes that don't fit what
> they're looking for especially with the number of homes on the market;
> hence, a small ad in the paper with such a low price may indicate a dump and
> nothing more!
>
>
>
> In such a terrible market you have to use each and every avenue imaginable
> to market your home; newspaper, online, MLS, word of mouth, direct
> marketing, signage, email blast, etc plus you have to make sure that your
> house is the cream of the crop and stands above and beyond anything else out
> there.
>
>
>
> But with all the advertising and marketing that you do, it may still be a
> no go if the location of your home is not desirable or if your expectations
> are not reasonable even if the house is brand new with all the bells and
> whistles? For example, if the house is in a brand new community that's 80%
> empty and of the 20% remaining homes, 50% plus are either in foreclosure or
> bank owned (similar to Lehigh Acres in South Florida), then I doubt that
> anyone will even take the place for free. I know I wouldn't.
>
>
>
> My 2 cents worth
>
>
>
> -Naji
>  ------------------------------
>
> *From:* 5-dayforum-bounces+nkhouri=cfl.rr.com@
> mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+nkhouri<5-dayforum-bounces%2Bnkhouri>
> =cfl.rr.com at mailman.howtosellyourhomein5days.com] *On Behalf Of *Dutch
> Revenboer
> *Sent:* Monday, January 26, 2009 5:36 PM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] 4 Calls by Friday Night?
>
>
>
> Bill,
>
> I'm not sure you went wrong.  As I've stated before, IMHO, what we are
> witnessing in the marketplace is a paralysis caused by fear and
> uncertainty.  We haven't really seen anything of this magnitude in over 20
> years.  I liken it back to the early 80s gasoline crisis, when there were
> long lines at the pumps, even while there was not really any true shortage.
>
> Until people become more confident in the economy and the lending market
> loosens up the purse strings, there are simply not as many real buyers out
> there.  They are sitting on the sidelines watching.  Only the sharks are
> swimming right now.
>
>
> Dutch Revenboer
>
> Broker Associate
> Metro Brokers of Oklahoma
> www.DreamHomesOKC.com
> 405-590-6563
>
> We Buy Houses - www.OKCash4Homes.com
>
> We Help Stop Foreclosure - www.OKHomesavers.com
>
> We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties -
> No Credit, Bad Credit OK - www.BuySellRentHouses.com
>
>  On Sun, Jan 25, 2009 at 5:51 PM, Eric Moorman <e5moorman at gmail.com>
> wrote:
>
> I had to cancel my 5 day sale this weekend because I only received four
> calls by Friday night.  The house is new and in a nice neighborhood near a
> popular lake.  It cost $283,000 to build and we were hoping to get
> $300,000.  We documented in the ad that the price was $149,500 or best
> offer.  We also indicated that the house was new, had 4400 square feet in
> total which included an unfinished walk out basement, 3 bedrooms, 3
> bathrooms and a two car garage.  I placed the ad in a large regional
> newspaper, a local paper, and a popular "For Sale by Owner" website. I tried
> to follow all the rules and I was very surprised by the low response.  The
> ad was set up according to the example in the 5 Day Sale Book.  I want to
> try again in about three weeks and I need help with where I went wrong with
> this part of the process.
>
> Thank You,
>
> Bill Moorman
>
>
> _______________________________________________
> 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  Mon Jan 26 18:47:53 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 26 Jan 2009 18:47:53 -0500
Subject: [5-DayForum] 4 Calls by Friday Night?
In-Reply-To: <A446C71D791B4464B6166B9EA3299523@NSKHome>
References: <b37ae1760901251551s6f18a66dh69f928d62f9be0dc@mail.gmail.com>	<d2b697900901261436n422fa026m7e29d872ef4a5c32@mail.gmail.com>
	<A446C71D791B4464B6166B9EA3299523@NSKHome>
Message-ID: <497E4BA9.20106@effros.com>

Naji,

I agree there are always buyers, period!!!

There will be close to 5 million of them this year.

There will be roughly the same number next year.

I don't know how to make clear the marketing issue.

It has been my experience over 20 years that if you advertise your home 
for half its current market value in places where real buyers look, you 
can ALWAYS get 25 responses by Friday night provided you have a 
realistic understanding of current market value.

If you get only 4 responses by Friday night, you CERTAINLY won't get 
anywhere near what you are hoping for, no matter how extensively you market.

The fact that everyone looks on the Internet does not make the Internet 
a good place to advertise.  You may remember when people were 
advertising homes on milk cartons because everyone with kids looked at 
the milk carton in the morning.  That didn't work either.

You don't want to provide so many pictures that people don't need to 
come to your home.  This strategy is counter-productive.

When you run a 5-Day Sale properly, 25 to 50 real buyers show up from 
your advertising (not from screaming signs--this is pointless).  They 
believe you are really going to sell the home Sunday night to the high 
bidder. 

Bill learned everything he needs to know from the lack of response to 
his advertising.  He would have learned the exact same thing if he had 
spent considerably less, and he will get no higher price by spending 
more on marketing.

Thanks for your comments, are you a broker? An investor?

Bill Effros
Author



Naji wrote:
>
> I'll have to disagree with a few things... Regardless of market 
> conditions, there are always buyers, period!!! Even during the great 
> depression people did by homes, even during the disastrous S&L crisis, 
> people bought homes, even when mortgage rates were over 15%, people 
> bought homes.
>
>  
>
> As to why Bill did not receive more inquiries, there could be many 
> reasons, but I would have to disagree with Bill Effros regarding 
> advertising/marketing in the paper only... The majority (80%+) of 
> people these days use the internet to find a house to buy, plus they 
> want as much information and photos of the property as possible before 
> even looking at a house. No one wants to waste their time looking at 
> homes that don't fit what they're looking for especially with the 
> number of homes on the market; hence, a small ad in the paper with 
> such a low price may indicate a dump and nothing more!
>
>  
>
> In such a terrible market you have to use each and every avenue 
> imaginable to market your home; newspaper, online, MLS, word of mouth, 
> direct marketing, signage, email blast, etc plus you have to make sure 
> that your house is the cream of the crop and stands above and beyond 
> anything else out there.
>
>  
>
> But with all the advertising and marketing that you do, it may still 
> be a no go if the location of your home is not desirable or if your 
> expectations are not reasonable even if the house is brand new with 
> all the bells and whistles... For example, if the house is in a brand 
> new community that's 80% empty and of the 20% remaining homes, 50% 
> plus are either in foreclosure or bank owned (similar to Lehigh Acres 
> in South Florida), then I doubt that anyone will even take the place 
> for free. I know I wouldn't.
>
>  
>
> My 2 cents worth
>
>  
>
> -Naji
>
> ------------------------------------------------------------------------
>
> *From:* 
> 5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com 
> [mailto:5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com] 
> *On Behalf Of *Dutch Revenboer
> *Sent:* Monday, January 26, 2009 5:36 PM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] 4 Calls by Friday Night?
>
>  
>
> Bill,
>
> I'm not sure you went wrong.  As I've stated before, IMHO, what we are 
> witnessing in the marketplace is a paralysis caused by fear and 
> uncertainty.  We haven't really seen anything of this magnitude in 
> over 20 years.  I liken it back to the early 80s gasoline crisis, when 
> there were long lines at the pumps, even while there was not really 
> any true shortage.
>
> Until people become more confident in the economy and the lending 
> market loosens up the purse strings, there are simply not as many real 
> buyers out there.  They are sitting on the sidelines watching.  Only 
> the sharks are swimming right now.
>
>
> Dutch Revenboer
>
> Broker Associate
> Metro Brokers of Oklahoma
> www.DreamHomesOKC.com <http://www.DreamHomesOKC.com>
> 405-590-6563
>
> We Buy Houses - www.OKCash4Homes.com <http://www.OKCash4Homes.com>
>
> We Help Stop Foreclosure - www.OKHomesavers.com 
> <http://www.OKHomesavers.com>
>
> We Sell / Lease Homes - Specializing in Low Down Owner Carry 
> Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com 
> <http://www.BuySellRentHouses.com>
>
> On Sun, Jan 25, 2009 at 5:51 PM, Eric Moorman <e5moorman at gmail.com 
> <mailto:e5moorman at gmail.com>> wrote:
>
> I had to cancel my 5 day sale this weekend because I only received 
> four calls by Friday night.  The house is new and in a nice 
> neighborhood near a popular lake.  It cost $283,000 to build and we 
> were hoping to get $300,000.  We documented in the ad that the price 
> was $149,500 or best offer.  We also indicated that the house was new, 
> had 4400 square feet in total which included an unfinished walk out 
> basement, 3 bedrooms, 3 bathrooms and a two car garage.  I placed the 
> ad in a large regional newspaper, a local paper, and a popular "For 
> Sale by Owner" website. I tried to follow all the rules and I was very 
> surprised by the low response.  The ad was set up according to the 
> example in the 5 Day Sale Book.  I want to try again in about three 
> weeks and I need help with where I went wrong with this part of the 
> process.
>
> Thank You,
>
> Bill Moorman
>
>
> _______________________________________________
> 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 Signsreallywork at aol.com  Mon Jan 26 18:54:28 2009
From: Signsreallywork at aol.com (Signsreallywork at aol.com)
Date: Mon, 26 Jan 2009 18:54:28 EST
Subject: [5-DayForum] 4 Calls by Friday Night?
Message-ID: <c55.3f5b0912.36afa734@aol.com>

Dear Mr. Bill Effros:
 
 
Hello to you, I would like to know how do I go about becoming a preferred  
vendor or link to your members as they are advertising their home sales.
 
The name of our web-site is called: _www.some365.com_ 
(http://www.some365.com) 
 
 
Please advise,
 
Thank you,
 
 
Solomon
 
**************A Good Credit Score is 700 or Above. See yours in just 2 easy 
steps! 
(http://pr.atwola.com/promoclk/100000075x1215855013x1201028747/aol?redir=http://www.freecreditreport.com/pm/default.aspx?sc=668072%26hmpgID=62%26bcd=De
cemailfooterNO62)
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From nkhouri at cfl.rr.com  Mon Jan 26 19:27:23 2009
From: nkhouri at cfl.rr.com (Naji)
Date: Mon, 26 Jan 2009 19:27:23 -0500
Subject: [5-DayForum] 4 Calls by Friday Night?
In-Reply-To: <497E4BA9.20106@effros.com>
References: <b37ae1760901251551s6f18a66dh69f928d62f9be0dc@mail.gmail.com>	<d2b697900901261436n422fa026m7e29d872ef4a5c32@mail.gmail.com><A446C71D791B4464B6166B9EA3299523@NSKHome>
	<497E4BA9.20106@effros.com>
Message-ID: <7273D79626794D209B04D7FED01D0683@NSKHome>

Thank you Bill. I'm an investor and have been using the 5-day method for
many years and have always sold to the highest bidder regardless of the
highest bid even when the highest bid meant taking a loss. With that said, I
have never gotten 25 responses from the paper alone, even during the crazy
boom years of the Florida market.

 

I completely understand that no matter how much marketing & advertising you
do, it's not going to change the outcome of the 5-day method, however, in my
experience the marketing and advertising does reach real buyers that do not
use the newspaper to look for their next home purchase. Why not use other
advertising avenues to promote the sale of your house?

 

The idea behind other avenues of marketing/advertising is that you have no
idea as to where the "real" buyer will be coming from. That same ad format
that's in your book can be easily placed in a newspaper as it can be
emailed, sent on a postcard, posted in local grocery stores, printed on a
sign, posted online, posted on local company intranets, printed on a banner,
and handed out on a flyer or business card.

 

I've had buyers that found the ad in the paper while others received a
postcard, or were driving around the neighborhood and found a sign in the
front yard; others found a posting online and some heard about the home from
a neighbor who got a flyer. The objective is to have the "real" buyers come
to the house regardless of how they find out about it.

 

Thank you again for all your input and for the book,

 

-Naji

 

  _____  

From:
5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com
[mailto:5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5da
ys.com] On Behalf Of Bill Effros
Sent: Monday, January 26, 2009 6:48 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] 4 Calls by Friday Night?

 

Naji,

I agree there are always buyers, period!!!

There will be close to 5 million of them this year.

There will be roughly the same number next year.

I don't know how to make clear the marketing issue.

It has been my experience over 20 years that if you advertise your home for
half its current market value in places where real buyers look, you can
ALWAYS get 25 responses by Friday night provided you have a realistic
understanding of current market value.

If you get only 4 responses by Friday night, you CERTAINLY won't get
anywhere near what you are hoping for, no matter how extensively you market.

The fact that everyone looks on the Internet does not make the Internet a
good place to advertise.  You may remember when people were advertising
homes on milk cartons because everyone with kids looked at the milk carton
in the morning.  That didn't work either.

You don't want to provide so many pictures that people don't need to come to
your home.  This strategy is counter-productive.

When you run a 5-Day Sale properly, 25 to 50 real buyers show up from your
advertising (not from screaming signs--this is pointless).  They believe you
are really going to sell the home Sunday night to the high bidder.  

Bill learned everything he needs to know from the lack of response to his
advertising.  He would have learned the exact same thing if he had spent
considerably less, and he will get no higher price by spending more on
marketing.

Thanks for your comments, are you a broker? An investor? 

Bill Effros
Author



Naji wrote: 

I'll have to disagree with a few things. Regardless of market conditions,
there are always buyers, period!!! Even during the great depression people
did by homes, even during the disastrous S&L crisis, people bought homes,
even when mortgage rates were over 15%, people bought homes.

 

As to why Bill did not receive more inquiries, there could be many reasons,
but I would have to disagree with Bill Effros regarding
advertising/marketing in the paper only. The majority (80%+) of people these
days use the internet to find a house to buy, plus they want as much
information and photos of the property as possible before even looking at a
house. No one wants to waste their time looking at homes that don't fit what
they're looking for especially with the number of homes on the market;
hence, a small ad in the paper with such a low price may indicate a dump and
nothing more!

 

In such a terrible market you have to use each and every avenue imaginable
to market your home; newspaper, online, MLS, word of mouth, direct
marketing, signage, email blast, etc plus you have to make sure that your
house is the cream of the crop and stands above and beyond anything else out
there.

 

But with all the advertising and marketing that you do, it may still be a no
go if the location of your home is not desirable or if your expectations are
not reasonable even if the house is brand new with all the bells and
whistles. For example, if the house is in a brand new community that's 80%
empty and of the 20% remaining homes, 50% plus are either in foreclosure or
bank owned (similar to Lehigh Acres in South Florida), then I doubt that
anyone will even take the place for free. I know I wouldn't.

 

My 2 cents worth

 

-Naji

  _____  

From:
5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com
[mailto:5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5da
ys.com] On Behalf Of Dutch Revenboer
Sent: Monday, January 26, 2009 5:36 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] 4 Calls by Friday Night?

 

Bill,

I'm not sure you went wrong.  As I've stated before, IMHO, what we are
witnessing in the marketplace is a paralysis caused by fear and uncertainty.
We haven't really seen anything of this magnitude in over 20 years.  I liken
it back to the early 80s gasoline crisis, when there were long lines at the
pumps, even while there was not really any true shortage.

Until people become more confident in the economy and the lending market
loosens up the purse strings, there are simply not as many real buyers out
there.  They are sitting on the sidelines watching.  Only the sharks are
swimming right now.


Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No
Credit, Bad Credit OK - www.BuySellRentHouses.com




On Sun, Jan 25, 2009 at 5:51 PM, Eric Moorman <e5moorman at gmail.com> wrote:

I had to cancel my 5 day sale this weekend because I only received four
calls by Friday night.  The house is new and in a nice neighborhood near a
popular lake.  It cost $283,000 to build and we were hoping to get $300,000.
We documented in the ad that the price was $149,500 or best offer.  We also
indicated that the house was new, had 4400 square feet in total which
included an unfinished walk out basement, 3 bedrooms, 3 bathrooms and a two
car garage.  I placed the ad in a large regional newspaper, a local paper,
and a popular "For Sale by Owner" website. I tried to follow all the rules
and I was very surprised by the low response.  The ad was set up according
to the example in the 5 Day Sale Book.  I want to try again in about three
weeks and I need help with where I went wrong with this part of the process.

Thank You,

Bill Moorman


_______________________________________________
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 jcrafor at hotmail.com  Mon Jan 26 20:37:22 2009
From: jcrafor at hotmail.com (j crafor)
Date: Tue, 27 Jan 2009 01:37:22 +0000
Subject: [5-DayForum] 4 Calls by Friday Night?
In-Reply-To: <497E4BA9.20106@effros.com>
References: <b37ae1760901251551s6f18a66dh69f928d62f9be0dc@mail.gmail.com>
	<d2b697900901261436n422fa026m7e29d872ef4a5c32@mail.gmail.com>
	<A446C71D791B4464B6166B9EA3299523@NSKHome> <497E4BA9.20106@effros.com>
Message-ID: <BAY135-W28E3A4787EA963B19C9981AECB0@phx.gbl>


The 20 years that BIll is talking about are the years of the biggest housing boom experienced in the US probably since after the war and Levittowns were going up all over the countryside. People were buying houses as fast as they were made available, with numerous areas enjoying bidding wars on almost any habitable property. That particular selling/buying environment turned upside down a couple of years ago. We no longer have a seller's market.
 
I had a lot of response from my 5-Day sale, unfortunately most were either investors who would not offer more than 10 time the possible rent, and folks who simply didn't have the money to offer more than the listed price.
A few listed a bid lower than others, and left, saying that they douldn't offer more, but maybe the others woul;dn't be able to get thae money they offered. 
The 2 buyers didn't go much more than 75% of what I need. I did not sell that house.
 
I plan to run another sale in a few months on a different house. Springtime here is the best time to sell, because more people are actually looking to move. I think money will be a little better, too.
 
Best wishes on your sale.
JCrafor



Date: Mon, 26 Jan 2009 18:47:53 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] 4 Calls by Friday Night?Bill Effros said:"It has been my experience over 20 years that if you advertise your home for half its current market value in places where real buyers look, you can ALWAYS get 25 responses by Friday night provided you have a realistic understanding of current market value.If you get only 4 responses by Friday night, you CERTAINLY won't get anywhere near what you are hoping for, no matter how extensively you market.The fact that everyone looks on the Internet does not make the Internet a good place to advertise.  You may remember when people were advertising homes on milk cartons because everyone with kids looked at the milk carton in the morning.  That didn't work either.You don't want to provide so many pictures that people don't need to come to your home.  This strategy is counter-productive.When you run a 5-Day Sale properly, 25 to 50 real buyers show up from your advertising (not from screaming signs--this is pointless).  They believe you are really going to sell the home Sunday night to the high bidder.  Bill learned everything he needs to know from the lack of response to his advertising.  He would have learned the exact same thing if he had spent considerably less, and he will get no higher price by spending more on marketing.Thanks for your comments, are you a broker? An investor? Bill EffrosAuthorNaji wrote: 








I?ll have to disagree with a few things? Regardless of market conditions, there are always buyers, period!!! Even during the great depression people did by homes, even during the disastrous S&L crisis, people bought homes, even when mortgage rates were over 15%, people bought homes.
 
As to why Bill did not receive more inquiries, there could be many reasons, but I would have to disagree with Bill Effros regarding advertising/marketing in the paper only? The majority (80%+) of people these days use the internet to find a house to buy, plus they want as much information and photos of the property as possible before even looking at a house. No one wants to waste their time looking at homes that don?t fit what they?re looking for especially with the number of homes on the market; hence, a small ad in the paper with such a low price may indicate a dump and nothing more!
 
In such a terrible market you have to use each and every avenue imaginable to market your home; newspaper, online, MLS, word of mouth, direct marketing, signage, email blast, etc plus you have to make sure that your house is the cream of the crop and stands above and beyond anything else out there.
 
But with all the advertising and marketing that you do, it may still be a no go if the location of your home is not desirable or if your expectations are not reasonable even if the house is brand new with all the bells and whistles? For example, if the house is in a brand new community that?s 80% empty and of the 20% remaining homes, 50% plus are either in foreclosure or bank owned (similar to Lehigh Acres in South Florida), then I doubt that anyone will even take the place for free. I know I wouldn?t.
 
My 2 cents worth
 
-Naji




From: 5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com] On Behalf Of Dutch RevenboerSent: Monday, January 26, 2009 5:36 PMTo: How To Sell Your Home in 5-DaysSubject: Re: [5-DayForum] 4 Calls by Friday Night?
 
Bill,I'm not sure you went wrong.  As I've stated before, IMHO, what we are witnessing in the marketplace is a paralysis caused by fear and uncertainty.  We haven't really seen anything of this magnitude in over 20 years.  I liken it back to the early 80s gasoline crisis, when there were long lines at the pumps, even while there was not really any true shortage.Until people become more confident in the economy and the lending market loosens up the purse strings, there are simply not as many real buyers out there.  They are sitting on the sidelines watching.  Only the sharks are swimming right now.Dutch RevenboerBroker AssociateMetro Brokers of Oklahomawww.DreamHomesOKC.com405-590-6563We Buy Houses - www.OKCash4Homes.comWe Help Stop Foreclosure - www.OKHomesavers.comWe Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com

On Sun, Jan 25, 2009 at 5:51 PM, Eric Moorman <e5moorman at gmail.com> wrote:
I had to cancel my 5 day sale this weekend because I only received four calls by Friday night.  The house is new and in a nice neighborhood near a popular lake.  It cost $283,000 to build and we were hoping to get $300,000.  We documented in the ad that the price was $149,500 or best offer.  We also indicated that the house was new, had 4400 square feet in total which included an unfinished walk out basement, 3 bedrooms, 3 bathrooms and a two car garage.  I placed the ad in a large regional newspaper, a local paper, and a popular "For Sale by Owner" website. I tried to follow all the rules and I was very surprised by the low response.  The ad was set up according to the example in the 5 Day Sale Book.  I want to try again in about three weeks and I need help with where I went wrong with this part of the process.
Thank You,
Bill Moorman
_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://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
  
_________________________________________________________________
Windows Live?: E-mail. Chat. Share. Get more ways to connect. 
http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t2_allup_howitworks_012009
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From tomhoffman at live.com  Mon Jan 26 23:31:55 2009
From: tomhoffman at live.com (Tom Hoffman)
Date: Mon, 26 Jan 2009 21:31:55 -0700
Subject: [5-DayForum] Test
In-Reply-To: <BLU141-W30C39B5E0F91DAD9411C11D2CA0@phx.gbl>
References: <BLU141-W30C39B5E0F91DAD9411C11D2CA0@phx.gbl>
Message-ID: <BLU135-W1106D83A5191E5636CEC3FB0CB0@phx.gbl>


Howdy forum readers, FYI, I went to www.some365.com and found out the cost is $8.99 per ad.  I did not test an ad for respoonse as there are plenty of other sites for free and the coverage in colorado was not good.
God bless and thanks for all of your contributions.
Tom Hoffman
Top Priority Realty, LLC
Licensed in Coloradp



From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Mon, 26 Jan 2009 16:20:35 -0500Subject: [5-DayForum] Test


Hmmm, just checking to see if this is working... no messages yet today, so far, since Bill got this back online.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."
_________________________________________________________________
Windows Live? Hotmail?:?more than just e-mail. 
http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t2_hm_justgotbetter_explore_012009
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From dberning at flash.net  Tue Jan 27 00:18:27 2009
From: dberning at flash.net (dberning at flash.net)
Date: Mon, 26 Jan 2009 21:18:27 -0800 (PST)
Subject: [5-DayForum] My 5-day result
Message-ID: <588228.21819.qm@web81005.mail.mud.yahoo.com>

Had my second day of open house on Sunday.? Probably had close to 80-90 people come through the house over the two days.? At 5:00 had 16 bidders ranging from $1.00 to $350,000 for my $294,500 obo.? Felt pretty confident at that time.? Started calling at 7:00 and was done by 10:20.? The highest bidder came in at $463,000.? Not near what I thought or had hoped for.? The house across the street sold last week for $550,000.? It was not updated and was only 3000 sq. ft.? It sold for $182 a sq. ft.? At that price, my home would have sold for $790,000.? It is a crazy market.? I hope to have it under contract in the next day or so.? The buyer is a 24 year old investor that has no plans at this time for the house.? He owns two homes and said he just thought it was a good deal.? Said he will just pay cash for it.? It gets rid of the mortgage and brings to a close 3 years of heartache in this Fort Worth market.? Time to lick my wounds and move on.
?
David Berning
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From seriousproperty at gmail.com  Tue Jan 27 00:39:25 2009
From: seriousproperty at gmail.com (Serious Property Solutions)
Date: Tue, 27 Jan 2009 00:39:25 -0500
Subject: [5-DayForum] 4 Calls by Friday Night?
In-Reply-To: <497E4BA9.20106@effros.com>
References: <b37ae1760901251551s6f18a66dh69f928d62f9be0dc@mail.gmail.com>
	<d2b697900901261436n422fa026m7e29d872ef4a5c32@mail.gmail.com>
	<A446C71D791B4464B6166B9EA3299523@NSKHome> <497E4BA9.20106@effros.com>
Message-ID: <ae701b2a0901262139u50b9f6d1ga550f5489601861@mail.gmail.com>

I'm in the same boat as Mr. Moorman. I ended up postoning my first 5-Day
Sale that was to transpire this past weekend, too. I didn't try to "reinvent
the wheel" or put my own spin or interpretation on anything. I can
confidently and with total conviction say that I followed every single facet
of the book to a "T."



Because of this, I was very surprised that I received only 3 responses by
Friday from my newspaper ad and internet marketing blitz and I made a
decision to postpone the sale. Throughout the weekend, I received only 4
more inquiries. I verified that five out of these seven responses came from
the internet where I posted one photo of the interior of my rehabbed
property.



Contrary to the reasons Mr. Effros has indicated as a result of a low
response rate, I honestly don't think I'm out-of-line with an unreasonable
expectation of what I believe to be the fair market value of the property.
(Sorry, Bill, no offense intended with that comment. I really do
appreciate your book and this forum!)



Although I'm a relatively new investor with barely two years under my belt,
I'm well-aware of the market trends in the area in which I invest. I truly
believe that my "magic number" for this property wasn't unrealistic and
over-inflated. In fact, I wrestled with the idea of listing the property at
a slightly higher price than 50% of what I believed to be it's FMV. But I
wanted to strictly adhere to the priniples and methodology outlined in the
book and I did exactly as you said.



After talking at great length with those who responded to my print and
internet ads, they definitely confirmed this: my "magic number" was, indeed,
way too low. The two "bottom-feeders" who responded to my newspaper ad
(without a photo) were hoping to score a big deal and my low asking price
chimed the bell to which a Pavlovian dog salivates.



The remaining five with whom I spoke found my property on various internet
ads that included one interior photo of the home. I identified these people
as seriously potential buyers. However, they admitted some major skepticism
with their various concerns of, "What's the catch with the price? Why are
you offering this property so low? Is there something wrong with it? It must
be too good to be true."



With that said, I'm wondering if there's an unforseen set of guidelines to
be established when setting a price for a residential home in Suburbia in
comparison to a rowhome in center-city Metropolis. Given the fact that there
are many REO's, pre-foreclosures, short sales, and other distressed
properties of this ilk being offered in my area for the same price range as
what my "magic number" was, did I shoot myself in the foot for initially
offering my fully renovated and rehabbed home at the same price as these
other blighted properties? Those with whom I spoke indicated as much.



Regardless of the initial outcome of my first unsuccessful attempt at a
5-Day Sale, I'm not upset about having to postpone my open house. On the
contrary, I'm so very grateful for this experience and I'm looking forward
with immense excitement and anticipation to my newly-rescheduled 5-Day Sale.
I appreciate the opportunity to learn and grow and I sincerely value the
insights offered on this Forum. My thanks to everyone.



Good luck and best wishes to you all!!



Respectfully,



Kathryn

Optimistic 5-Day Seller in PA, Investor, Landlord


On Mon, Jan 26, 2009 at 6:47 PM, Bill Effros <bill at effros.com> wrote:

> Naji,
>
> I agree there are always buyers, period!!!
>
> There will be close to 5 million of them this year.
>
> There will be roughly the same number next year.
>
> I don't know how to make clear the marketing issue.
>
> It has been my experience over 20 years that if you advertise your home for
> half its current market value in places where real buyers look, you can
> ALWAYS get 25 responses by Friday night provided you have a realistic
> understanding of current market value.
>
> If you get only 4 responses by Friday night, you CERTAINLY won't get
> anywhere near what you are hoping for, no matter how extensively you market.
>
> The fact that everyone looks on the Internet does not make the Internet a
> good place to advertise.  You may remember when people were advertising
> homes on milk cartons because everyone with kids looked at the milk carton
> in the morning.  That didn't work either.
>
> You don't want to provide so many pictures that people don't need to come
> to your home.  This strategy is counter-productive.
>
> When you run a 5-Day Sale properly, 25 to 50 real buyers show up from your
> advertising (not from screaming signs--this is pointless).  They believe you
> are really going to sell the home Sunday night to the high bidder.
>
> Bill learned everything he needs to know from the lack of response to his
> advertising.  He would have learned the exact same thing if he had spent
> considerably less, and he will get no higher price by spending more on
> marketing.
>
> Thanks for your comments, are you a broker? An investor?
>
> Bill Effros
> Author
>
>
>
> Naji wrote:
>
>   I'll have to disagree with a few things? Regardless of market
> conditions, there are always buyers, period!!! Even during the great
> depression people did by homes, even during the disastrous S&L crisis,
> people bought homes, even when mortgage rates were over 15%, people bought
> homes.
>
>
>
> As to why Bill did not receive more inquiries, there could be many reasons,
> but I would have to disagree with Bill Effros regarding
> advertising/marketing in the paper only? The majority (80%+) of people these
> days use the internet to find a house to buy, plus they want as much
> information and photos of the property as possible before even looking at a
> house. No one wants to waste their time looking at homes that don't fit what
> they're looking for especially with the number of homes on the market;
> hence, a small ad in the paper with such a low price may indicate a dump and
> nothing more!
>
>
>
> In such a terrible market you have to use each and every avenue imaginable
> to market your home; newspaper, online, MLS, word of mouth, direct
> marketing, signage, email blast, etc plus you have to make sure that your
> house is the cream of the crop and stands above and beyond anything else out
> there.
>
>
>
> But with all the advertising and marketing that you do, it may still be a
> no go if the location of your home is not desirable or if your expectations
> are not reasonable even if the house is brand new with all the bells and
> whistles? For example, if the house is in a brand new community that's 80%
> empty and of the 20% remaining homes, 50% plus are either in foreclosure or
> bank owned (similar to Lehigh Acres in South Florida), then I doubt that
> anyone will even take the place for free. I know I wouldn't.
>
>
>
> My 2 cents worth
>
>
>
> -Naji
>  ------------------------------
>
> *From:*
> 5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com[
> mailto:5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com<5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com>]
> *On Behalf Of *Dutch Revenboer
> *Sent:* Monday, January 26, 2009 5:36 PM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] 4 Calls by Friday Night?
>
>
>
> Bill,
>
> I'm not sure you went wrong.  As I've stated before, IMHO, what we are
> witnessing in the marketplace is a paralysis caused by fear and
> uncertainty.  We haven't really seen anything of this magnitude in over 20
> years.  I liken it back to the early 80s gasoline crisis, when there were
> long lines at the pumps, even while there was not really any true shortage.
>
> Until people become more confident in the economy and the lending market
> loosens up the purse strings, there are simply not as many real buyers out
> there.  They are sitting on the sidelines watching.  Only the sharks are
> swimming right now.
>
>
> Dutch Revenboer
>
> Broker Associate
> Metro Brokers of Oklahoma
> www.DreamHomesOKC.com <http://www.dreamhomesokc.com/>
> 405-590-6563
>
> We Buy Houses - www.OKCash4Homes.com <http://www.okcash4homes.com/>
>
> We Help Stop Foreclosure - www.OKHomesavers.com<http://www.okhomesavers.com/>
>
> We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties -
> No Credit, Bad Credit OK - www.BuySellRentHouses.com<http://www.buysellrenthouses.com/>
>
>  On Sun, Jan 25, 2009 at 5:51 PM, Eric Moorman <e5moorman at gmail.com>
> wrote:
>
> I had to cancel my 5 day sale this weekend because I only received four
> calls by Friday night.  The house is new and in a nice neighborhood near a
> popular lake.  It cost $283,000 to build and we were hoping to get
> $300,000.  We documented in the ad that the price was $149,500 or best
> offer.  We also indicated that the house was new, had 4400 square feet in
> total which included an unfinished walk out basement, 3 bedrooms, 3
> bathrooms and a two car garage.  I placed the ad in a large regional
> newspaper, a local paper, and a popular "For Sale by Owner" website. I tried
> to follow all the rules and I was very surprised by the low response.  The
> ad was set up according to the example in the 5 Day Sale Book.  I want to
> try again in about three weeks and I need help with where I went wrong with
> this part of the process.
>
> Thank You,
>
> Bill Moorman
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
>
> ------------------------------
>
> _______________________________________________
> 5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://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 Signsreallywork at aol.com  Tue Jan 27 08:35:34 2009
From: Signsreallywork at aol.com (Signsreallywork at aol.com)
Date: Tue, 27 Jan 2009 08:35:34 EST
Subject: [5-DayForum] Test
Message-ID: <cc7.4a8c3d4b.36b067a6@aol.com>

Dear Tom Hoffman:
 
 
Thank you for the feedback about our new on-line classified site called 
_www.some365.com_ (http://www.some365.com)  , yes we do charge to post in  most of 
the sections but not all of them.  The coverage areas vary per  state and 
population, with that said we are willing to offer free  postings to any 
registered member of this forum from now until  the end of Feb. 2009.
 
We are willing to do this to curry favor with this forum and its members  and 
prove our value.  All we ask in return is the member sign into the  site with 
their email address, plus one friend's email address as  well.  When they are 
ready to post the ad, please forward it to me  directly: 
_solomon at some365.com_ (mailto:solomon at some365.com)  , I will  do an admin override so the member 
will not be charged between now and the end  of Feb. 2009.
 
Thank you and please advise,
 
 
Solomon
 
 
In a message dated 1/26/2009 11:32:32 P.M. Eastern Standard Time,  
tomhoffman at live.com writes:

Howdy  forum readers, FYI, I went to _www.some365.com_ 
(http://www.some365.com/)  and found out the cost is  $8.99 per ad.  I did not test an ad for 
respoonse as there are plenty of  other sites for free and the coverage in colorado 
was not good.
God bless  and thanks for all of your contributions.
Tom Hoffman
Top Priority  Realty, LLC
Licensed in Coloradp


 
____________________________________

From: patricialone at hotmail.com
To:  5-dayforum at mailman.howtosellyourhomein5days.com
Date: Mon, 26 Jan 2009  16:20:35 -0500
Subject: [5-DayForum] Test


Hmmm, just checking to  see if this is working... no messages yet today, so 
far, since Bill got this  back online.

Patricia  
Michigan,  Conservator/Landlord/Seller

"If you  need help, ask God; If you don't, thank God."
 
____________________________________
Windows Live? Hotmail?:?more than just e-mail. _Check it out._ 
(http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t2_hm_justgotbetter_explore_012009)   =

_______________________________________________
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/100000075x1215855013x1201028747/aol?redir=http://www.freecreditreport.com/pm/default.aspx?sc=668072%26hmpgID=62%26bcd=De
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From bill at effros.com  Tue Jan 27 08:50:30 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 27 Jan 2009 08:50:30 -0500
Subject: [5-DayForum] Why Can't I Post?
Message-ID: <497F1126.1050501@effros.com>

You must subscribe to The Swiftwater Gazette to freely post.

Each message posted by non-members must first be cleared by me.  This is
how I filter out the spammers.  Sometimes I'm not on top of all messages
posted, so a message waits for me to find it before going through.

Even after you become a subscriber, the first time you post, it must go
through me.  If I remember to clear your "moderator" flag, all
subsequent posts go directly to all other subscribers, without waiting 
for my approval.  I remember most of the time.

If you are in "Digest" mode, you won't know you have posted until you
get the next Digest.

Once you are a subscriber, you can change your subscription
around to suit yourself.  You can go into "digest mode" so you only get
one e-mail a day.  You can go into "vacation mode", so you don't get any
e-mail, but you retain the ability to post when you choose to do so.

If you look in the subject line and it says within brackets "Swiftwater 
Gazette" that means it came through the list server, and every other 
subscriber got the same message.

If your e-mail is not posting, even after you are a subscriber, send
yourself a carbon copy at the same time you send to the Swiftwater 
Gazette.  If you don't get the copy, the problem is on your end.  If you 
do get the copy, but the email doesn't post to the Letters to the 
Editor, it is likely it really did post to the Gazette, as well, and you 
should get a reply at some point if you wait, or look around in your own 
computer.

Check the security settings on your computer.  Because of the high
volume of email, some spam filters will identify The Swiftwater Gazette 
as spam, and throw some stuff into your junk folder.  If you find some 
Swiftwater Gazette email in your junk folder, set your spam filter to 
accept all incoming email from "www.SwiftwaterGazette.com".

If my server goes down, which sometimes happens, you won't get
any Swiftwater Gazette email from anyone until we fix my server on my 
end.  At that point, you'll get everything posted while we were down. 
The server isn't smart enough to arbitrarily discriminate against you.

Bill Effros,
Swiftwater Gazette
Letters to the Editor
List Administrator




From bill at effros.com  Tue Jan 27 09:09:45 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 27 Jan 2009 09:09:45 -0500
Subject: [5-DayForum] Why Can't I Post? -- OOOps
In-Reply-To: <497F1126.1050501@effros.com>
References: <497F1126.1050501@effros.com>
Message-ID: <497F15A9.4090905@effros.com>

Sorry about that!

I am setting up another distributed mailing list, and using the stock 
answers I send out from this mailing list.

I forgot to change the "To" to the new list.

It will probably happen again the next time I have a mental lapse.

Not intentional.

Bill Effros
List Administrator
5-Day Forum
Swiftwater Gazette



Bill Effros wrote:
> You must subscribe to The Swiftwater Gazette to freely post.
>
> Each message posted by non-members must first be cleared by me.  This is
> how I filter out the spammers.  Sometimes I'm not on top of all messages
> posted, so a message waits for me to find it before going through.
>
> Even after you become a subscriber, the first time you post, it must go
> through me.  If I remember to clear your "moderator" flag, all
> subsequent posts go directly to all other subscribers, without waiting 
> for my approval.  I remember most of the time.
>
> If you are in "Digest" mode, you won't know you have posted until you
> get the next Digest.
>
> Once you are a subscriber, you can change your subscription
> around to suit yourself.  You can go into "digest mode" so you only get
> one e-mail a day.  You can go into "vacation mode", so you don't get any
> e-mail, but you retain the ability to post when you choose to do so.
>
> If you look in the subject line and it says within brackets "Swiftwater 
> Gazette" that means it came through the list server, and every other 
> subscriber got the same message.
>
> If your e-mail is not posting, even after you are a subscriber, send
> yourself a carbon copy at the same time you send to the Swiftwater 
> Gazette.  If you don't get the copy, the problem is on your end.  If you 
> do get the copy, but the email doesn't post to the Letters to the 
> Editor, it is likely it really did post to the Gazette, as well, and you 
> should get a reply at some point if you wait, or look around in your own 
> computer.
>
> Check the security settings on your computer.  Because of the high
> volume of email, some spam filters will identify The Swiftwater Gazette 
> as spam, and throw some stuff into your junk folder.  If you find some 
> Swiftwater Gazette email in your junk folder, set your spam filter to 
> accept all incoming email from "www.SwiftwaterGazette.com".
>
> If my server goes down, which sometimes happens, you won't get
> any Swiftwater Gazette email from anyone until we fix my server on my 
> end.  At that point, you'll get everything posted while we were down. 
> The server isn't smart enough to arbitrarily discriminate against you.
>
> Bill Effros,
> Swiftwater Gazette
> Letters to the Editor
> List Administrator
>
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>   

From real.estate.professor at hotmail.com  Tue Jan 27 09:38:24 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 27 Jan 2009 08:38:24 -0600
Subject: [5-DayForum] My 5-day result
In-Reply-To: <588228.21819.qm@web81005.mail.mud.yahoo.com>
References: <588228.21819.qm@web81005.mail.mud.yahoo.com>
Message-ID: <BLU122-W25CA237EE73CC0D92D5A9EB4CB0@phx.gbl>


Congratulations David ... well done!

Date: Mon, 26 Jan 2009 21:18:27 -0800From: dberning at flash.netTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] My 5-day result




Had my second day of open house on Sunday.  Probably had close to 80-90 people come through the house over the two days.  At 5:00 had 16 bidders ranging from $1.00 to $350,000 for my $294,500 obo.  Felt pretty confident at that time.  Started calling at 7:00 and was done by 10:20.  The highest bidder came in at $463,000.  Not near what I thought or had hoped for.  The house across the street sold last week for $550,000.  It was not updated and was only 3000 sq. ft.  It sold for $182 a sq. ft.  At that price, my home would have sold for $790,000.  It is a crazy market.  I hope to have it under contract in the next day or so.  The buyer is a 24 year old investor that has no plans at this time for the house.  He owns two homes and said he just thought it was a good deal.  Said he will just pay cash for it.  It gets rid of the mortgage and brings to a close 3 years of heartache in this Fort Worth market.  Time to lick my wounds and move on.
 
David Berning
_________________________________________________________________
Windows Live?: E-mail. Chat. Share. Get more ways to connect. 
http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t2_allup_howitworks_012009
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From patricialone at hotmail.com  Tue Jan 27 09:59:02 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Tue, 27 Jan 2009 09:59:02 -0500
Subject: [5-DayForum] Test
In-Reply-To: <cc7.4a8c3d4b.36b067a6@aol.com>
References: <cc7.4a8c3d4b.36b067a6@aol.com>
Message-ID: <BLU141-W424B64AAC63710CFA06C2DD2CB0@phx.gbl>


So now you also want a friend's e-mail address... where after Feb 2009 you would be charging two people to use the site?  Sorry, but I do not see that as a good deal.  I would not want to drag my friend's e-mail into a promotion like this, and I believe I will pass as well.  Just my perspective...Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

From: Signsreallywork at aol.comDate: Tue, 27 Jan 2009 08:35:34 -0500To: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Test
Dear Tom Hoffman:
 
 
Thank you for the feedback about our new on-line classified site called www.some365.com , yes we do charge to post in most of the sections but not all of them.  The coverage areas vary per state and population, with that said we are willing to offer free postings to any registered member of this forum from now until the end of Feb. 2009.
 
We are willing to do this to curry favor with this forum and its members and prove our value.  All we ask in return is the member sign into the site with their email address, plus one friend's email address as well.  When they are ready to post the ad, please forward it to me directly: solomon at some365.com , I will do an admin override so the member will not be charged between now and the end of Feb. 2009.
 
Thank you and please advise,
 
 
Solomon
 

In a message dated 1/26/2009 11:32:32 P.M. Eastern Standard Time, tomhoffman at live.com writes:
Howdy forum readers, FYI, I went to www.some365.com and found out the cost is $8.99 per ad.  I did not test an ad for respoonse as there are plenty of other sites for free and the coverage in colorado was not good.God bless and thanks for all of your contributions.Tom HoffmanTop Priority Realty, LLCLicensed in Coloradp

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Mon, 26 Jan 2009 16:20:35 -0500Subject: [5-DayForum] Test


Hmmm, just checking to see if this is working... no messages yet today, so far, since Bill got this back online.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Windows Live? Hotmail?:?more than just e-mail. Check it out. =_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

A Good Credit Score is 700 or Above. See yours in just 2 easy steps!
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From signsreallywork at aol.com  Tue Jan 27 10:06:19 2009
From: signsreallywork at aol.com (signsreallywork at aol.com)
Date: Tue, 27 Jan 2009 15:06:19 +0000
Subject: [5-DayForum] Test
In-Reply-To: <BLU141-W424B64AAC63710CFA06C2DD2CB0@phx.gbl>
References: <cc7.4a8c3d4b.36b067a6@aol.com><BLU141-W424B64AAC63710CFA06C2DD2CB0@phx.gbl>
Message-ID: <1422335012-1233068769-cardhu_decombobulator_blackberry.rim.net-257277570-@bxe196.bisx.prod.on.blackberry>

Dear Patricia, thank you for your response however we are all in business for the same reason, success!!!

I made and stand by this offer of free posting to give members like you a chance to try it out, if you do not like it after you have posted you are not going to be charged anything.

Where is the problem?  When you call and place an ad in your local newspaper and no-one comes to your open house, you have paid for something and you are not entitled to a refund. What do you have to lose in this process, not one thing!!!! Thank you, Solomon
Sent from my BlackBerry? smartphone with SprintSpeed

-----Original Message-----
From: Patricia Lone <patricialone at hotmail.com>

Date: Tue, 27 Jan 2009 09:59:02 
To: 5-Day Forum<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: Re: [5-DayForum] Test


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



From c519512c at hotmail.com  Tue Jan 27 10:16:02 2009
From: c519512c at hotmail.com (kenneth dilkes)
Date: Tue, 27 Jan 2009 10:16:02 -0500
Subject: [5-DayForum] My Bad
In-Reply-To: <497DD591.2010909@effros.com>
References: <497DD591.2010909@effros.com>
Message-ID: <SNT101-W69F928A5A916EB2D3AECF3C4CB0@phx.gbl>


it happens ...no prob> Date: Mon, 26 Jan 2009 10:24:01 -0500> From: bill at effros.com> To: 5-dayforum at mailman.howtosellyourhomein5days.com> Subject: [5-DayForum] My Bad> > I was working on the 5-Day Forum over the weekend and accidentally > knocked the mailing list off-line.> > I think it is repaired now.> > I believe any messages sent to the list while it was off-line will be > sent through to all list members, but I'm not sure.> > Sorry.> > Bill Effros> List Administrator> _______________________________________________> 5-DayForum mailing list> 5-DayForum at mailman.howtosellyourhomein5days.com> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
_________________________________________________________________
Windows Live? Hotmail?:?more than just e-mail. 
http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t2_hm_justgotbetter_explore_012009
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From c519512c at hotmail.com  Tue Jan 27 10:33:58 2009
From: c519512c at hotmail.com (kenneth dilkes)
Date: Tue, 27 Jan 2009 10:33:58 -0500
Subject: [5-DayForum] Test
In-Reply-To: <BLU135-W1106D83A5191E5636CEC3FB0CB0@phx.gbl>
References: <BLU141-W30C39B5E0F91DAD9411C11D2CA0@phx.gbl>
	<BLU135-W1106D83A5191E5636CEC3FB0CB0@phx.gbl>
Message-ID: <SNT101-W3145433118EA088722660EC4CB0@phx.gbl>


thanks for the heads up

From: tomhoffman at live.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Mon, 26 Jan 2009 21:31:55 -0700Subject: Re: [5-DayForum] Test

Howdy forum readers, FYI, I went to www.some365.com and found out the cost is $8.99 per ad.  I did not test an ad for respoonse as there are plenty of other sites for free and the coverage in colorado was not good.God bless and thanks for all of your contributions.Tom HoffmanTop Priority Realty, LLCLicensed in Coloradp

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Mon, 26 Jan 2009 16:20:35 -0500Subject: [5-DayForum] Test


Hmmm, just checking to see if this is working... no messages yet today, so far, since Bill got this back online.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Windows Live? Hotmail?:?more than just e-mail. Check it out.
_________________________________________________________________
Windows Live? Hotmail?:?more than just e-mail. 
http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t2_hm_justgotbetter_explore_012009
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From patricialone at hotmail.com  Tue Jan 27 10:38:08 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Tue, 27 Jan 2009 10:38:08 -0500
Subject: [5-DayForum] Test
In-Reply-To: <1422335012-1233068769-cardhu_decombobulator_blackberry.rim.net-257277570-@bxe196.bisx.prod.on.blackberry>
References: <cc7.4a8c3d4b.36b067a6@aol.com><BLU141-W424B64AAC63710CFA06C2DD2CB0@phx.gbl>
	<1422335012-1233068769-cardhu_decombobulator_blackberry.rim.net-257277570-@bxe196.bisx.prod.on.blackberry>
Message-ID: <BLU141-W23B0D94BD0477FD1D2A142D2CB0@phx.gbl>


I believe I was okay with it until the part of also using a friend's e-mail address to sign in with as well.  I might have checked it out if it were not for that.Thank you,Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."> To: 5-dayforum at mailman.howtosellyourhomein5days.com> From: signsreallywork at aol.com> Date: Tue, 27 Jan 2009 15:06:19 +0000> Subject: Re: [5-DayForum] Test> > Dear Patricia, thank you for your response however we are all in business for the same reason, success!!!> > I made and stand by this offer of free posting to give members like you a chance to try it out, if you do not like it after you have posted you are not going to be charged anything.> > Where is the problem? When you call and place an ad in your local newspaper and no-one comes to your open house, you have paid for something and you are not entitled to a refund. What do you have to lose in this process, not one thing!!!! Thank you, Solomon> Sent from my BlackBerry? smartphone with SprintSpeed> > -----Original Message-----> From: Patricia Lone <patricialone at hotmail.com>> > Date: Tue, 27 Jan 2009 09:59:02 > To: 5-Day Forum<5-dayforum at mailman.howtosellyourhomein5days.com>> Subject: Re: [5-DayForum] Test> > > _______________________________________________> 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 signsreallywork at aol.com  Tue Jan 27 10:49:10 2009
From: signsreallywork at aol.com (signsreallywork at aol.com)
Date: Tue, 27 Jan 2009 15:49:10 +0000
Subject: [5-DayForum] Test
In-Reply-To: <BLU141-W23B0D94BD0477FD1D2A142D2CB0@phx.gbl>
References: <cc7.4a8c3d4b.36b067a6@aol.com><BLU141-W424B64AAC63710CFA06C2DD2CB0@phx.gbl><1422335012-1233068769-cardhu_decombobulator_blackberry.rim.net-257277570-@bxe196.bisx.prod.on.blackberry><BLU141-W23B0D94BD0477FD1D2A142D2CB0@phx.gbl>
Message-ID: <225174109-1233071340-cardhu_decombobulator_blackberry.rim.net-1003933474-@bxe196.bisx.prod.on.blackberry>

Patricia, thank you for your candor.

In order for us to exist and stay in business, we need revenue, revenue from classified ad's or corporate sponsors from banner ad's. The sponsor's only care about the site's numbers, the amount of people signed up and how many visitors we have a month.

Again, we would love your business, please reconsider? Thank you, Solomon
Sent from my BlackBerry? smartphone with SprintSpeed

-----Original Message-----
From: Patricia Lone <patricialone at hotmail.com>

Date: Tue, 27 Jan 2009 10:38:08 
To: 5-Day Forum<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: Re: [5-DayForum] Test


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



From bill at effros.com  Tue Jan 27 11:17:16 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 27 Jan 2009 11:17:16 -0500
Subject: [5-DayForum] Commercial Posting
In-Reply-To: <cc7.4a8c3d4b.36b067a6@aol.com>
References: <cc7.4a8c3d4b.36b067a6@aol.com>
Message-ID: <497F338C.9010107@effros.com>

Solomon,

If you are soliciting for a profit making business on this Forum, please 
have the courtesy to identify yourself properly following your signature.

Also, Always change the Subject line so unsuspecting members won't 
stumble into your promotion, thinking it's something else.

Everybody Else,

What do you think about this?  Solomon is soliciting for something that 
looks a lot like a paid version of Craigslist.  All of the free stuff on 
the Internet suffers from unstated rules.  You can't rely on Craigslist 
because somebody might knock your 5-Day Ad offline in the middle of a sale.

But how about commercial posting in general?

Are we for it, or against it?

It can be both annoying and useful.

I'm not asking if I should charge people to post commercial messages, I 
have no intention of charging for anything.  What I want to know is if 
we should allow potentially useful commercial posters to use this Forum 
to distribute information about their services.

Comments welcome.

Bill Effros
List Administrator



Signsreallywork at aol.com wrote:
> Dear Tom Hoffman:
>  
>  
> Thank you for the feedback about our new on-line classified site 
> called www.some365.com <http://www.some365.com> , yes we do charge to 
> post in most of the sections but not all of them.  The coverage areas 
> vary per state and population, with that said we are willing to offer 
> */_free postings_/* to any registered member of this forum from now 
> until the end of Feb. 2009.
>  
> We are willing to do this to curry favor with this forum and its 
> members and prove our value.  All we ask in return is the member sign 
> into the site with their email address, plus one friend's email 
> address as well.  When they are ready to post the ad, please forward 
> it to me directly: solomon at some365.com <mailto:solomon at some365.com> , 
> I will do an admin override so the member will not be charged between 
> now and the end of Feb. 2009.
>  
> Thank you and please advise,
>  
>  
> Solomon
>  
> In a message dated 1/26/2009 11:32:32 P.M. Eastern Standard Time, 
> tomhoffman at live.com writes:
>
>     Howdy forum readers, FYI, I went to www.some365.com
>     <http://www.some365.com/> and found out the cost is $8.99 per ad. 
>     I did not test an ad for respoonse as there are plenty of other
>     sites for free and the coverage in colorado was not good.
>     God bless and thanks for all of your contributions.
>     Tom Hoffman
>     Top Priority Realty, LLC
>     Licensed in Coloradp
>
>
>     ------------------------------------------------------------------------
>
>     From: patricialone at hotmail.com
>     To: 5-dayforum at mailman.howtosellyourhomein5days.com
>     Date: Mon, 26 Jan 2009 16:20:35 -0500
>     Subject: [5-DayForum] Test
>
>
>     *Hmmm, just checking to see if this is working... no messages yet
>     today, so far, since Bill got this back online.
>
>     Patricia  *
>     *Michigan, Conservator/Landlord/Seller
>
>                **"If you need help, ask God; If you don't, thank God."*
>
>
>     ------------------------------------------------------------------------
>     Windows Live? Hotmail?:?more than just e-mail. Check it out.
>     <http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t2_hm_justgotbetter_explore_012009>
>     =
>
>     _______________________________________________
>     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/100000075x1215855013x1201028747/aol?redir=http://www.freecreditreport.com/pm/default.aspx?sc=668072%26hmpgID=62%26bcd=DecemailfooterNO62>* 
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From signsreallywork at aol.com  Tue Jan 27 11:23:23 2009
From: signsreallywork at aol.com (signsreallywork at aol.com)
Date: Tue, 27 Jan 2009 16:23:23 +0000
Subject: [5-DayForum] Commercial Posting Follow up
In-Reply-To: <497F338C.9010107@effros.com>
References: <cc7.4a8c3d4b.36b067a6@aol.com><497F338C.9010107@effros.com>
Message-ID: <394750639-1233073392-cardhu_decombobulator_blackberry.rim.net-1399420340-@bxe196.bisx.prod.on.blackberry>

Dear Mr. Bill Effros, thank you for your response.

I would be more than willing to follow your rules to have the privliage to offer this service opportunity to your members. 

Thank you and I look forward to your response, Solomon
Sent from my BlackBerry? smartphone with SprintSpeed

-----Original Message-----
From: Bill Effros <bill at effros.com>

Date: Tue, 27 Jan 2009 11:17:16 
To: How To Sell Your Home in 5-Days<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: [5-DayForum] Commercial Posting


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



From patricialone at hotmail.com  Tue Jan 27 11:31:37 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Tue, 27 Jan 2009 11:31:37 -0500
Subject: [5-DayForum] Commercial Posting
In-Reply-To: <497F338C.9010107@effros.com>
References: <cc7.4a8c3d4b.36b067a6@aol.com> <497F338C.9010107@effros.com>
Message-ID: <BLU141-W165D237FF498A0CE9F4A42D2CB0@phx.gbl>


Hi Bill... thanks for this post.I think you know my position, I would prefer to not be bothered with these sorts of things in this Forum.  I am here to learn about your 5-Day Sale technique and gain support and confidence in myself.  I get enough spam mail as it is, I'd rather not come to a Forum and get bombarded with it here too.  Not that one message is bombarding, but I do see that long-term effect eventually, and perhaps maybe even sooner than I would initially think.If I want to find other resources to post advertisements at, I will start doing online searches to find sources for that and other whatnots.Thank you for asking...Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Date: Tue, 27 Jan 2009 11:17:16 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] Commercial PostingSolomon,If you are soliciting for a profit making business on this Forum, please have the courtesy to identify yourself properly following your signature.Also, Always change the Subject line so unsuspecting members won't stumble into your promotion, thinking it's something else.Everybody Else,What do you think about this?  Solomon is soliciting for something that looks a lot like a paid version of Craigslist.  All of the free stuff on the Internet suffers from unstated rules.  You can't rely on Craigslist because somebody might knock your 5-Day Ad offline in the middle of a sale.But how about commercial posting in general?Are we for it, or against it?It can be both annoying and useful.I'm not asking if I should charge people to post commercial messages, I have no intention of charging for anything.  What I want to know is if we should allow potentially useful commercial posters to use this Forum to distribute information about their services.Comments welcome.Bill EffrosList AdministratorSignsreallywork at aol.com wrote: 

Dear Tom Hoffman:
 
 
Thank you for the feedback about our new on-line classified site called www.some365.com , yes we do charge to post in most of the sections but not all of them.  The coverage areas vary per state and population, with that said we are willing to offer free postings to any registered member of this forum from now until the end of Feb. 2009.
 
We are willing to do this to curry favor with this forum and its members and prove our value.  All we ask in return is the member sign into the site with their email address, plus one friend's email address as well.  When they are ready to post the ad, please forward it to me directly: solomon at some365.com , I will do an admin override so the member will not be charged between now and the end of Feb. 2009.
 
Thank you and please advise,
 
 
Solomon
 

In a message dated 1/26/2009 11:32:32 P.M. Eastern Standard Time, tomhoffman at live.com writes:
Howdy forum readers, FYI, I went to www.some365.com and found out the cost is $8.99 per ad.  I did not test an ad for respoonse as there are plenty of other sites for free and the coverage in colorado was not good.God bless and thanks for all of your contributions.Tom HoffmanTop Priority Realty, LLCLicensed in Coloradp

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Mon, 26 Jan 2009 16:20:35 -0500Subject: [5-DayForum] Test


Hmmm, just checking to see if this is working... no messages yet today, so far, since Bill got this back online.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Windows Live? Hotmail?:?more than just e-mail. Check it out. =_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

A Good Credit Score is 700 or Above. See yours in just 2 easy steps! 
_______________________________________________
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  Tue Jan 27 11:46:30 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 27 Jan 2009 11:46:30 -0500
Subject: [5-DayForum] Commercial Posting Follow up
In-Reply-To: <394750639-1233073392-cardhu_decombobulator_blackberry.rim.net-1399420340-@bxe196.bisx.prod.on.blackberry>
References: <cc7.4a8c3d4b.36b067a6@aol.com><497F338C.9010107@effros.com>
	<394750639-1233073392-cardhu_decombobulator_blackberry.rim.net-1399420340-@bxe196.bisx.prod.on.blackberry>
Message-ID: <497F3A66.2060107@effros.com>

Thanks, Solomon,

Your service is potentially interesting.  It is very helpful for 5-Day 
Forum members to stay ahead of the curve--that's what this Forum is here 
for.

I'll let you know what the rules are as soon as we formulate them.

Meanwhile, simply participate, but make sure everyone--including 
newbies, and we get scores of newbies daily, knows who you are and where 
you are coming from.

Details to follow (I hope)

Bill Effros
List Administrator



signsreallywork at aol.com wrote:
> Dear Mr. Bill Effros, thank you for your response.
>
> I would be more than willing to follow your rules to have the privliage to offer this service opportunity to your members. 
>
> Thank you and I look forward to your response, Solomon
> Sent from my BlackBerry? smartphone with SprintSpeed
>
> -----Original Message-----
> From: Bill Effros <bill at effros.com>
>
> Date: Tue, 27 Jan 2009 11:17:16 
> To: How To Sell Your Home in 5-Days<5-dayforum at mailman.howtosellyourhomein5days.com>
> Subject: [5-DayForum] Commercial Posting
>
>
> _______________________________________________
> 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 Signsreallywork at aol.com  Tue Jan 27 11:49:32 2009
From: Signsreallywork at aol.com (Signsreallywork at aol.com)
Date: Tue, 27 Jan 2009 11:49:32 EST
Subject: [5-DayForum] Commercial Posting Follow up
Message-ID: <d29.3c49206a.36b0951c@aol.com>

Dear Bill Effros:
 
 
Thank you for your help and support.  I will follow the rules 100%, if  there 
is ever anything that I can do to help you promote your next edition on my  
site, please do not hesitate to ask.
 
Thank you again,
 
 
Solomon
305-970-7244
 
**************A Good Credit Score is 700 or Above. See yours in just 2 easy 
steps! 
(http://pr.atwola.com/promoclk/100000075x1215855013x1201028747/aol?redir=http://www.freecreditreport.com/pm/default.aspx?sc=668072%26hmpgID=62%26bcd=De
cemailfooterNO62)
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From real.estate.professor at hotmail.com  Tue Jan 27 12:23:19 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 27 Jan 2009 11:23:19 -0600
Subject: [5-DayForum] Commercial Posting
In-Reply-To: <497F338C.9010107@effros.com>
References: <cc7.4a8c3d4b.36b067a6@aol.com> <497F338C.9010107@effros.com>
Message-ID: <BLU122-W20744EFF073F678FCA1B6AB4CB0@phx.gbl>


Hi Bill:
 
In my opinion it's okay as long as the commercial poster is offering a response to a question in which their service may help.
 
If they are just going to randomly (obnoxiously) post solicitations and are not responding appropriately to another post on the Forum, then they should be reprimanded.
 
You could possibly set up an index on the Forum for people to search for 5 Day Sale vendor support services, but they shouldn't be allowed to solicit offers on the Forum unless it is in response to a specific posting requesting help, advice, or posing a hypothetical questions as nearly all Forum participants do.
 
Best to all, 
 
Kyle Cascioli
www.AuctionBySeller.com 



Date: Tue, 27 Jan 2009 11:17:16 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] Commercial PostingSolomon,If you are soliciting for a profit making business on this Forum, please have the courtesy to identify yourself properly following your signature.Also, Always change the Subject line so unsuspecting members won't stumble into your promotion, thinking it's something else.Everybody Else,What do you think about this?  Solomon is soliciting for something that looks a lot like a paid version of Craigslist.  All of the free stuff on the Internet suffers from unstated rules.  You can't rely on Craigslist because somebody might knock your 5-Day Ad offline in the middle of a sale.But how about commercial posting in general?Are we for it, or against it?It can be both annoying and useful.I'm not asking if I should charge people to post commercial messages, I have no intention of charging for anything.  What I want to know is if we should allow potentially useful commercial posters to use this Forum to distribute information about their services.Comments welcome.Bill EffrosList AdministratorSignsreallywork at aol.com wrote: 

Dear Tom Hoffman:
 
 
Thank you for the feedback about our new on-line classified site called www.some365.com , yes we do charge to post in most of the sections but not all of them.  The coverage areas vary per state and population, with that said we are willing to offer free postings to any registered member of this forum from now until the end of Feb. 2009.
 
We are willing to do this to curry favor with this forum and its members and prove our value.  All we ask in return is the member sign into the site with their email address, plus one friend's email address as well.  When they are ready to post the ad, please forward it to me directly: solomon at some365.com , I will do an admin override so the member will not be charged between now and the end of Feb. 2009.
 
Thank you and please advise,
 
 
Solomon
 

In a message dated 1/26/2009 11:32:32 P.M. Eastern Standard Time, tomhoffman at live.com writes:
Howdy forum readers, FYI, I went to www.some365.com and found out the cost is $8.99 per ad.  I did not test an ad for respoonse as there are plenty of other sites for free and the coverage in colorado was not good.God bless and thanks for all of your contributions.Tom HoffmanTop Priority Realty, LLCLicensed in Coloradp

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Mon, 26 Jan 2009 16:20:35 -0500Subject: [5-DayForum] Test


Hmmm, just checking to see if this is working... no messages yet today, so far, since Bill got this back online.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Windows Live? Hotmail?:?more than just e-mail. Check it out. =_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

A Good Credit Score is 700 or Above. See yours in just 2 easy steps! 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  
_________________________________________________________________
Windows Live?: E-mail. Chat. Share. Get more ways to connect. 
http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t2_allup_howitworks_012009
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From e5moorman at hotmail.com  Mon Jan 26 19:26:11 2009
From: e5moorman at hotmail.com (Eric Moorman)
Date: Tue, 27 Jan 2009 00:26:11 +0000
Subject: [5-DayForum] 4 Calls by Friday Night?
Message-ID: <BLU117-W329AAA3AB7F4FC108FD4ABE2CB0@phx.gbl>


Mr. Effros,
 
I had to cancel my 5 day sale this weekend because I only received four calls by Friday night.  The house is new and in a nice neighborhood near a popular lake.  It cost $283,000 to build and we were hoping to get $300,000.  We documented in the ad that the price was $149,500 or best offer.  We also indicated that the house was new, had 4400 square feet in total which included an unfinished walk out basement, 3 bedrooms, 3 bathrooms and a two car garage.  I placed the ad in a large regional newspaper, a local paper, and a popular "For Sale by Owner" website. I tried to follow all the rules and I was very surprised by the low response.  The ad was set up according to the example in the 5 Day Sale Book.  I want to try again in about three weeks and I need help with where I went wrong with this part of the process.Thank You,Bill Moorman
_________________________________________________________________
Windows Live? Hotmail??more than just e-mail. 
http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t2_hm_justgotbetter_howitworks_012009
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From jcote at gvtc.com  Tue Jan 27 11:47:00 2009
From: jcote at gvtc.com (jcote at gvtc.com)
Date: Tue, 27 Jan 2009 08:47:00 -0800
Subject: [5-DayForum] Commercial Posting Follow up
Message-ID: <20090127084700.F6BBEE08@resin09.mta.everyone.net>

I am already annoyed with it enjoy the site and postings and bought your book and look forward to working your system but not the solicitations.  I think if they were presented from a person who is not just posting for the sale of their product but for the purpose that it could benefit others. (I.E. someone using the system and stating their experience with a service or product.) If you had a string that didn't get emailed to everyone than that is o.k. someone could go back and utilize that area if they wanted to. I am a real estate broker and I have an inbox full of junk related to real estate.  Thank you,

Joel Cote
Home Nation Realty

--- signsreallywork at aol.com wrote:

From: signsreallywork at aol.com
To: "How To Sell Your Home in 5-Days"	<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: Re: [5-DayForum] Commercial Posting Follow up
Date: Tue, 27 Jan 2009 16:23:23 +0000

Dear Mr. Bill Effros, thank you for your response.

I would be more than willing to follow your rules to have the privliage to offer this service opportunity to your members. 

Thank you and I look forward to your response, Solomon
Sent from my BlackBerry? smartphone with SprintSpeed

-----Original Message-----
From: Bill Effros <bill at effros.com>

Date: Tue, 27 Jan 2009 11:17:16 
To: How To Sell Your Home in 5-Days<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: [5-DayForum] Commercial Posting


_______________________________________________
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 flyingnutjob at gmail.com  Tue Jan 27 12:26:02 2009
From: flyingnutjob at gmail.com (Dutch Revenboer)
Date: Tue, 27 Jan 2009 11:26:02 -0600
Subject: [5-DayForum] Consumer Confidence & The 5-Day Sale
Message-ID: <d2b697900901270926o48ba2cf5q7bffe3c361fdc9dc@mail.gmail.com>

On the AP, posted today 1/27.  What makes prices go down?  Less buyers (less
demand).  Not the cost of the dirt, or the building materials, or anything
else.  Less buyers, less prices.  Until confidence comes up and more buyers
enter the market, the less your property will sell for.

NEW YORK ? Americans' mood about the economy darkened further in January,
sending a widely watched barometer of consumer sentiment to a new low, a
private research group said Tuesday, as people worry about their jobs and
watch their retirement funds dwindle.

The Conference Board said its Consumer Confidence Index edged down to 37.7
from a revised 38.6 in December, lower than the reading of 39 that
economists surveyed by Thomson Reuters had expected. In recent months the
index has hit its lowest troughs since it began in 1967, and is hovering at
less than half its level of January 2007, when it was 87.3.

"It appears that consumers have begun the new year with the same degree of
pessimism that they exhibited in the final months of 2008," Lynn Franco,
director of The Conference Board Consumer Research Center, said in a
statement. "Looking ahead, consumers remain quite pessimistic about the
state of the economy and about their earnings."

The Present Situation Index, which measures how shoppers feel now about the
economy, declined slightly to 29.9 from 30.2 last month. The Expectations
Index,which measures shoppers' outlook over the next six months, decreased
to 43.0 from 44.2.

Franco added that until she sees considerable improvement in shoppers'
outlook for the economy, she can't say that "the worst of times are behind
us."

The downbeat report prompted Wall Street to give up an early advance. The Dow
Jones industrial average was down 17 points at 8,098 after being up as much
as 85 points.

Economists closely watch consumer confidence since consumer
spendingaccounts for more than two-thirds of economic activity. But
the latest signs
of a nervous consumer spur fresh alarm about the economy and the health of
the retail industry, which is struggling with the most severe spending
retrenchment in decades.

Stores limped through the weakest holiday period since at least 1969,
according to the International Council of Shopping Centers. And retail sales
appear to be only deteriorating in January as shoppers continue to be
whipsawed by massive layoffs across all sectors of the economy. The
unemployment
rate, now at a 16-year high of 7.2 percent, could hit 10 percent or higher
later this year or early next year, according to some analysts' projections.

Several big companies announced layoffs Monday, sending thousands more to
the unemployment lines.

Drugmaker Pfizer Inc., which is buying Wyeth in a $68 billion deal, and Sprint
Nextel Corp., the country's third-largest wireless provider, each plan to
slash 8,000 jobs. Home Depot Inc. is shedding 7,000 jobs, and General Motors
Corp. said it will cut 2,000 more jobs. Caterpillar Inc., the world's
largest maker of mining and construction equipment, announced 5,000 new
layoffs on top of several earlier actions.

Meanwhile, a report on home prices released Tuesday offered more bad news
about the slumping housing market. The Standard & Poor's/Case-Shiller
20-city housing index showed home prices dropped by 18.2 percent in
November, the sharpest annual rate on record.

The Consumer Confidence survey ? derived from responses received through
Jan. 21 of a representative sample of 5,000 U.S. households ? showed that
consumers' overall assessment of current conditions remain pessimistic.
Those saying that business conditions are "bad" increased to 47.9 percent
from 45.8 percent, while those saying they are "good" declined to 6.4
percent from 7.7 percent last month.

Consumers' short-term outlook also remains gloomy. Those expecting business
conditions to worsen over the next six months decreased slightly to 31.1
percent from 32.9 percent, while those anticipating conditions to improve
was little changed at 13.3 percent in January, compared with 13.4 percent in
December.

Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No
Credit, Bad Credit OK - www.BuySellRentHouses.com
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From jcarv929 at cox.net  Tue Jan 27 12:29:19 2009
From: jcarv929 at cox.net (John Carvalho)
Date: Tue, 27 Jan 2009 12:29:19 -0500
Subject: [5-DayForum] Condo i n South Florida
Message-ID: <6A53522EEDD544578292EC6AB76F2F3B@DJ96J941>

Hi,
I am trying to sell a condo in Pompano Beach.  Has anyone tried to sell a condo in South Florida?
                              John
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From bill at effros.com  Tue Jan 27 13:30:26 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 27 Jan 2009 13:30:26 -0500
Subject: [5-DayForum] Consumer Confidence & The 5-Day Sale
In-Reply-To: <d2b697900901270926o48ba2cf5q7bffe3c361fdc9dc@mail.gmail.com>
References: <d2b697900901270926o48ba2cf5q7bffe3c361fdc9dc@mail.gmail.com>
Message-ID: <497F52C2.4040204@effros.com>

No, Dutch,

Same number of buyers with no confidence the value of what they buy will 
increase in the near term.

They think the prices will go down, and they are unwilling to put up 
their money until prices come down to a level where they have confidence.

Offer your home using the 5-Day Method and you can make 100s of buyers 
pop up--if they believe you are prepared to sell your home for what it 
is currently worth.

Bill Effros
Author



Dutch Revenboer wrote:
> On the AP, posted today 1/27.  What makes prices go down?  Less buyers 
> (less demand).  Not the cost of the dirt, or the building materials, 
> or anything else.  Less buyers, less prices.  Until confidence comes 
> up and more buyers enter the market, the less your property will sell 
> for. 
>
> NEW YORK ? Americans' mood about the economy darkened further in 
> January, sending a widely watched barometer of consumer sentiment to a 
> new low, a private research group said Tuesday, as people worry about 
> their jobs and watch their retirement funds dwindle.
>
> The Conference Board said its Consumer Confidence Index edged down to 
> 37.7 from a revised 38.6 in December, lower than the reading of 39 
> that economists surveyed by Thomson Reuters had expected. In recent 
> months the index has hit its lowest troughs since it began in 1967, 
> and is hovering at less than half its level of January 2007, when it 
> was 87.3.
>
> "It appears that consumers have begun the new year with the same 
> degree of pessimism that they exhibited in the final months of 2008," 
> Lynn Franco, director of The Conference Board Consumer Research 
> Center, said in a statement. "Looking ahead, consumers remain quite 
> pessimistic about the state of the economy and about their earnings."
>
> The Present Situation Index, which measures how shoppers feel now 
> about the economy, declined slightly to 29.9 from 30.2 last month. The 
> Expectations Index,which measures shoppers' outlook over the next six 
> months, decreased to 43.0 from 44.2.
>
> Franco added that until she sees considerable improvement in shoppers' 
> outlook for the economy, she can't say that "the worst of times are 
> behind us."
>
> The downbeat report prompted Wall Street to give up an early advance. 
> The Dow Jones industrial average was down 17 points at 8,098 after 
> being up as much as 85 points.
>
> Economists closely watch consumer confidence since consumer spending 
> accounts for more than two-thirds of economic activity. But the latest 
> signs of a nervous consumer spur fresh alarm about the economy and the 
> health of the retail industry, which is struggling with the most 
> severe spending retrenchment in decades.
>
> Stores limped through the weakest holiday period since at least 1969, 
> according to the International Council of Shopping Centers. And retail 
> sales appear to be only deteriorating in January as shoppers continue 
> to be whipsawed by massive layoffs across all sectors of the economy. 
> The unemployment rate, now at a 16-year high of 7.2 percent, could hit 
> 10 percent or higher later this year or early next year, according to 
> some analysts' projections.
>
> Several big companies announced layoffs Monday, sending thousands more 
> to the unemployment lines.
>
> Drugmaker Pfizer Inc., which is buying Wyeth in a $68 billion deal, 
> and Sprint Nextel Corp., the country's third-largest wireless 
> provider, each plan to slash 8,000 jobs. Home Depot Inc. is shedding 
> 7,000 jobs, and General Motors Corp. said it will cut 2,000 more jobs. 
> Caterpillar Inc., the world's largest maker of mining and construction 
> equipment, announced 5,000 new layoffs on top of several earlier actions.
>
> Meanwhile, a report on home prices released Tuesday offered more bad 
> news about the slumping housing market. The Standard & 
> Poor's/Case-Shiller 20-city housing index showed home prices dropped 
> by 18.2 percent in November, the sharpest annual rate on record.
>
> The Consumer Confidence survey ? derived from responses received 
> through Jan. 21 of a representative sample of 5,000 U.S. households ? 
> showed that consumers' overall assessment of current conditions remain 
> pessimistic. Those saying that business conditions are "bad" increased 
> to 47.9 percent from 45.8 percent, while those saying they are "good" 
> declined to 6.4 percent from 7.7 percent last month.
>
> Consumers' short-term outlook also remains gloomy. Those expecting 
> business conditions to worsen over the next six months decreased 
> slightly to 31.1 percent from 32.9 percent, while those anticipating 
> conditions to improve was little changed at 13.3 percent in January, 
> compared with 13.4 percent in December.
>
>
> Dutch Revenboer
>
> Broker Associate
> Metro Brokers of Oklahoma
> www.DreamHomesOKC.com <http://www.DreamHomesOKC.com>
> 405-590-6563
>
> We Buy Houses - www.OKCash4Homes.com <http://www.OKCash4Homes.com>
>
> We Help Stop Foreclosure - www.OKHomesavers.com 
> <http://www.OKHomesavers.com>
>
> We Sell / Lease Homes - Specializing in Low Down Owner Carry 
> Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com 
> <http://www.BuySellRentHouses.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 real.estate.professor at hotmail.com  Tue Jan 27 13:44:09 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 27 Jan 2009 12:44:09 -0600
Subject: [5-DayForum] FW: question on the 5 day sale
In-Reply-To: <20090123125006.F6BCB7D6@resin09.mta.everyone.net>
References: <20090123125006.F6BCB7D6@resin09.mta.everyone.net>
Message-ID: <BLU122-W359C5F8C52A62339307F9B4CB0@phx.gbl>


Hi Joel:
 
Seems you appreciated our council and introduction ... where do we draw the line between advise and fee based counsel and support.
 
Kyle
www.AuctionBySeller.com 



Date: Fri, 23 Jan 2009 12:50:06 -0800From: jcote at gvtc.comTo: real.estate.professor at hotmail.comSubject: RE: question on the 5 day sale
Thank you,  joel --- real.estate.professor at hotmail.com wrote:From: Kyle Cascioli <real.estate.professor at hotmail.com>To: <jcote at gvtc.com>Subject: RE: question on the 5 day saleDate: Fri, 23 Jan 2009 13:55:53 -0600Hi Joel: While all states require real estate practitioners to be licensed not all states require that auctioneers be licensed. Bill is quick to point out that a 5 Day Sale is technically not an auction.  I have found the 5 day sale to be more of a marketing and pricing mechanism.  We assist both sellers and agents in 5 Day Sale and auctioning. Check out www.AuctionByRealtor.com  Contact me offline if you like and we can discuss your concerns directly. Kylewww.AuctionByRealtor.com   

Date: Fri, 23 Jan 2009 10:14:08 -0800From: jcote at gvtc.comTo: real.estate.professor at hotmail.comSubject: question on the 5 day sale
To do this 5 day sale for people do you have to be an auctioneer? Looking at your site I noticed that you are.  I am a real estate broker in Texas and wanted to get your input on it.  Thank you, joel cote 

Windows Live?: E-mail. Chat. Share. Get more ways to connect. See how it works. 
_________________________________________________________________
Windows Live? Hotmail?:?more than just e-mail. 
http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t2_hm_justgotbetter_explore_012009
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From skyhighplanning at gmail.com  Tue Jan 27 13:45:02 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Tue, 27 Jan 2009 13:45:02 -0500
Subject: [5-DayForum] Condo i n South Florida
In-Reply-To: <6A53522EEDD544578292EC6AB76F2F3B@DJ96J941>
References: <6A53522EEDD544578292EC6AB76F2F3B@DJ96J941>
Message-ID: <8B4E2A2D-98CF-4E95-8A43-8D0D87D4EED1@gmail.com>

I have.  Sold a condo on Miami beach.

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

"It's kind of fun to do the impossible"
                     -  Walt Disney

Coming Soon:

www.skyhighplanning.com

On Jan 27, 2009, at 12:29 PM, "John Carvalho" <jcarv929 at cox.net> wrote:

> Hi,
> I am trying to sell a condo in Pompano Beach.  Has anyone tried to  
> sell a condo in South Florida?
>                               John
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From real.estate.professor at hotmail.com  Tue Jan 27 13:46:07 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 27 Jan 2009 12:46:07 -0600
Subject: [5-DayForum] Condo i n South Florida
In-Reply-To: <6A53522EEDD544578292EC6AB76F2F3B@DJ96J941>
References: <6A53522EEDD544578292EC6AB76F2F3B@DJ96J941>
Message-ID: <BLU122-W23143E30FD209E4D1DAE23B4CB0@phx.gbl>


Hi John:
 
We are preparing for one at the moment.
 
Check out the featured property on www.AuctionBySeller.com 
 
Kyle
www.AuctionBySeller.com 



From: jcarv929 at cox.netTo: 5-dayforum at howtosellyourhomein5days.comDate: Tue, 27 Jan 2009 12:29:19 -0500Subject: [5-DayForum] Condo i n South Florida


Hi,
I am trying to sell a condo in Pompano Beach.  Has anyone tried to sell a condo in South Florida?
                              John
_________________________________________________________________
Hotmail? goes where you go. On a PC, on the Web, on your phone. 
http://www.windowslive-hotmail.com/learnmore/versatility.aspx#mobile?ocid=TXT_TAGHM_WL_HM_versatility_121208 
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From bill at effros.com  Tue Jan 27 14:20:32 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 27 Jan 2009 14:20:32 -0500
Subject: [5-DayForum] How to Unsubscribe
In-Reply-To: <4424efe20901240127r1ba45164h70553f4a8513c3d@mail.gmail.com>
References: <4424efe20901240127r1ba45164h70553f4a8513c3d@mail.gmail.com>
Message-ID: <497F5E80.10909@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 jlamont51 at cox.net  Tue Jan 27 13:15:38 2009
From: jlamont51 at cox.net (jlamont)
Date: Tue, 27 Jan 2009 11:15:38 -0700
Subject: [5-DayForum] 4 Calls by Friday Night?
References: <b37ae1760901251551s6f18a66dh69f928d62f9be0dc@mail.gmail.com>	<d2b697900901261436n422fa026m7e29d872ef4a5c32@mail.gmail.com><A446C71D791B4464B6166B9EA3299523@NSKHome><497E4BA9.20106@effros.com>
	<7273D79626794D209B04D7FED01D0683@NSKHome>
Message-ID: <019201c980ab$419a1630$6601a8c0@Jeanne>

I am new to the forum and planning a sale in 5 weeks in Phoenix AZ. I sold my last home in 2005 using the 5 day method and had great success. There are no small local papers in which to advertize and when I used a for sale by owner website for my 2005 sale I had literally no response. I have been checking the Phoenix paper on Sundays for the real estate section and see literally only a handful of ads that are not ads for auctions of multiple homes in forclosure. I am wondering if anyone is familiar with Phoenix and has suggestions for where else to place ads.Thanks, J
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From jamesfleming.realestate at gmail.com  Tue Jan 27 14:50:17 2009
From: jamesfleming.realestate at gmail.com (James Fleming)
Date: Tue, 27 Jan 2009 11:50:17 -0800
Subject: [5-DayForum] Commercial Posting Follow up
In-Reply-To: <20090127084700.F6BBEE08@resin09.mta.everyone.net>
References: <20090127084700.F6BBEE08@resin09.mta.everyone.net>
Message-ID: <EAB26D5AEA6F4E47A89867EE45332EF7@jamesfleming>


Joel - 

I understand your frustration about all of the junk mail that we as Realtors
receive.  I get fed up with it as well.  But we are not in the same
situation as most people who are relying on Bill's 5-day method to sell
their homes.  Most of the folks on this forum do not have access to the
marketing channels that we as Realtors have.  It is very difficult in some
areas of the country for people who are doing 5-day sales to get the word
out effectively.  

While I am told that there are still markets in which buyers look for homes
in the newspaper, in most markets buyers abandoned newspaper ads years ago
in favor of online search engines.  

Most of these sites are funded and maintained by national or regional real
estate companies.  Unless a seller has listed with one of these companies,
there is no way to get onto any of their sites.  But there are also sites
like Craigslist.com that don't require a property to be listed with a
brokerage firm.  Craigslist.com has worked well for some 5-day sellers, not
so well for others.  But Craigslist.com is not the only option.  Many
communities are serviced by companies offering online classified ads.  One
way that 5-day sellers can find these online resources is to do a Google
search in their area.  

Meanwhile, if folks have had success in their areas with online advertising,
it is greatly appreciated when they share their experiences and the online
company's contact information with the readers on this forum.  We are all
here to help one another and to be helped.

James Fleming, Realtor 
 

-----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 jcote at gvtc.com
Sent: Tuesday, January 27, 2009 8:47 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Commercial Posting Follow up

I am already annoyed with it enjoy the site and postings and bought your
book and look forward to working your system but not the solicitations.  I
think if they were presented from a person who is not just posting for the
sale of their product but for the purpose that it could benefit others.
(I.E. someone using the system and stating their experience with a service
or product.) If you had a string that didn't get emailed to everyone than
that is o.k. someone could go back and utilize that area if they wanted to.
I am a real estate broker and I have an inbox full of junk related to real
estate.  Thank you,

Joel Cote
Home Nation Realty

--- signsreallywork at aol.com wrote:

From: signsreallywork at aol.com
To: "How To Sell Your Home in 5-Days"
<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: Re: [5-DayForum] Commercial Posting Follow up
Date: Tue, 27 Jan 2009 16:23:23 +0000

Dear Mr. Bill Effros, thank you for your response.

I would be more than willing to follow your rules to have the privliage to
offer this service opportunity to your members. 

Thank you and I look forward to your response, Solomon
Sent from my BlackBerryR smartphone with SprintSpeed

-----Original Message-----
From: Bill Effros <bill at effros.com>

Date: Tue, 27 Jan 2009 11:17:16 
To: How To Sell Your Home in
5-Days<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: [5-DayForum] Commercial Posting


_______________________________________________
5-DayForum mailing list
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 real.estate.professor at hotmail.com  Tue Jan 27 15:33:55 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 27 Jan 2009 14:33:55 -0600
Subject: [5-DayForum] Commercial Posting Follow up
In-Reply-To: <EAB26D5AEA6F4E47A89867EE45332EF7@jamesfleming>
References: <20090127084700.F6BBEE08@resin09.mta.everyone.net>
	<EAB26D5AEA6F4E47A89867EE45332EF7@jamesfleming>
Message-ID: <BLU122-W16CFCC75696785DD2B0293B4CB0@phx.gbl>


Hi James:
 
I fully agree with your response and note that you - as many other industry professionals on this site - have made significant contributions to the 5 Day Sale content that Bill has archived for the benefit of all Forum subscribers.
 
Cheers,  
 
Kyle
www.AuctionByRealtor.com > From: jamesfleming.realestate at gmail.com> To: 5-dayforum at mailman.howtosellyourhomein5days.com> Date: Tue, 27 Jan 2009 11:50:17 -0800> Subject: Re: [5-DayForum] Commercial Posting Follow up> > > Joel - > > I understand your frustration about all of the junk mail that we as Realtors> receive. I get fed up with it as well. But we are not in the same> situation as most people who are relying on Bill's 5-day method to sell> their homes. Most of the folks on this forum do not have access to the> marketing channels that we as Realtors have. It is very difficult in some> areas of the country for people who are doing 5-day sales to get the word> out effectively. > > While I am told that there are still markets in which buyers look for homes> in the newspaper, in most markets buyers abandoned newspaper ads years ago> in favor of online search engines. > > Most of these sites are funded and maintained by national or regional real> estate companies. Unless a seller has listed with one of these companies,> there is no way to get onto any of their sites. But there are also sites> like Craigslist.com that don't require a property to be listed with a> brokerage firm. Craigslist.com has worked well for some 5-day sellers, not> so well for others. But Craigslist.com is not the only option. Many> communities are serviced by companies offering online classified ads. One> way that 5-day sellers can find these online resources is to do a Google> search in their area. > > Meanwhile, if folks have had success in their areas with online advertising,> it is greatly appreciated when they share their experiences and the online> company's contact information with the readers on this forum. We are all> here to help one another and to be helped.> > James Fleming, Realtor > > > -----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 jcote at gvtc.com> Sent: Tuesday, January 27, 2009 8:47 AM> To: How To Sell Your Home in 5-Days> Subject: Re: [5-DayForum] Commercial Posting Follow up> > I am already annoyed with it enjoy the site and postings and bought your> book and look forward to working your system but not the solicitations. I> think if they were presented from a person who is not just posting for the> sale of their product but for the purpose that it could benefit others.> (I.E. someone using the system and stating their experience with a service> or product.) If you had a string that didn't get emailed to everyone than> that is o.k. someone could go back and utilize that area if they wanted to.> I am a real estate broker and I have an inbox full of junk related to real> estate. Thank you,> > Joel Cote> Home Nation Realty> > --- signsreallywork at aol.com wrote:> > From: signsreallywork at aol.com> To: "How To Sell Your Home in 5-Days"> <5-dayforum at mailman.howtosellyourhomein5days.com>> Subject: Re: [5-DayForum] Commercial Posting Follow up> Date: Tue, 27 Jan 2009 16:23:23 +0000> > Dear Mr. Bill Effros, thank you for your response.> > I would be more than willing to follow your rules to have the privliage to> offer this service opportunity to your members. > > Thank you and I look forward to your response, Solomon> Sent from my BlackBerryR smartphone with SprintSpeed> > -----Original Message-----> From: Bill Effros <bill at effros.com>> > Date: Tue, 27 Jan 2009 11:17:16 > To: How To Sell Your Home in> 5-Days<5-dayforum at mailman.howtosellyourhomein5days.com>> Subject: [5-DayForum] Commercial Posting> > > _______________________________________________> 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
_________________________________________________________________
Windows Live? Hotmail?:?more than just e-mail. 
http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t2_hm_justgotbetter_explore_012009
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From jcote at gvtc.com  Tue Jan 27 16:04:52 2009
From: jcote at gvtc.com (jcote at gvtc.com)
Date: Tue, 27 Jan 2009 13:04:52 -0800
Subject: [5-DayForum] FW:Commercial
Message-ID: <20090127130452.F6BB983C@resin09.mta.everyone.net>

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From sterbert at yahoo.com  Tue Jan 27 16:13:17 2009
From: sterbert at yahoo.com (Steven Herbert)
Date: Tue, 27 Jan 2009 13:13:17 -0800 (PST)
Subject: [5-DayForum] The (Monday) Morning After (tacoma, WA)
In-Reply-To: <844465.87419.qm@web30208.mail.mud.yahoo.com>
Message-ID: <517989.28265.qm@web30204.mail.mud.yahoo.com>

Hi again,

I notice many of you seem very Real Estate savy. Can
anyone provide some help with my questions?

Thanks,
Steve the Newbie HomeOwner

--- Steven Herbert <sterbert at yahoo.com> wrote:

Hi Folks,

I'm in Tacoma, WA, & I have plans to use this method
the last weekend of Feb (2/28, 3/1) and have few
questions.

#1.Is Monday morning fairly straight-forward
typically? 
 
I've never sold a house and know very little. I
haven't yet figured out who is to be my Settlement
Agent. (I'm thinking a lawyer or title company.  A
title complany did the work when I bought the house,
using an Real Estate Agent.) 

#2. How much time from work should I ask off? 
 
So far, I've asked off for Monday, expecting that to
be sufficient, but maybe someone here knows better.
 
Thanks,
 
Steven



      

From bill at effros.com  Tue Jan 27 16:45:15 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 27 Jan 2009 16:45:15 -0500
Subject: [5-DayForum] 4 Calls by Friday Night?
In-Reply-To: <BLU117-W329AAA3AB7F4FC108FD4ABE2CB0@phx.gbl>
References: <BLU117-W329AAA3AB7F4FC108FD4ABE2CB0@phx.gbl>
Message-ID: <497F806B.3060403@effros.com>

Bill,

Don't try another 5-Day Sale until you are really ready to take what 
your home is currently worth.

Try any other method to sell it.  Take as long as you need.  Or can.

If you get $300,000 or $283,000, or $250,000 -- TAKE IT!

But your response pattern tells me buyers are not currently prepared to 
pay the kind of money you spent.

There are many things you can do at this point, but running another 
5-Day Sale is not one of them.

Please stay on this list and let us know how you do.

If you can get $250,000-$300,000 in the short term, we all want to know 
how you did it.  Me included.

Bill Effros
Author


Eric Moorman wrote:
> Mr. Effros,
>  
> I had to cancel my 5 day sale this weekend because I only received 
> four calls by Friday night.  The house is new and in a nice 
> neighborhood near a popular lake.  It cost $283,000 to build and we 
> were hoping to get $300,000.  We documented in the ad that the price 
> was $149,500 or best offer.  We also indicated that the house was new, 
> had 4400 square feet in total which included an unfinished walk out 
> basement, 3 bedrooms, 3 bathrooms and a two car garage.  I placed the 
> ad in a large regional newspaper, a local paper, and a popular "For 
> Sale by Owner" website. I tried to follow all the rules and I was very 
> surprised by the low response.  The ad was set up according to the 
> example in the 5 Day Sale Book.  I want to try again in about three 
> weeks and I need help with where I went wrong with this part of the 
> process.
> Thank You,
> Bill Moorman
>
> ------------------------------------------------------------------------
> Windows Live? Hotmail??more than just e-mail. See how it works. 
> <http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t2_hm_justgotbetter_howitworks_012009> 
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From jcote at gvtc.com  Tue Jan 27 17:06:32 2009
From: jcote at gvtc.com (jcote at gvtc.com)
Date: Tue, 27 Jan 2009 14:06:32 -0800
Subject: [5-DayForum] The (Monday) Morning After (tacoma, WA)
Message-ID: <20090127140632.F6BB8FA9@resin09.mta.everyone.net>

You probably are in a title company state since you closed with a title company. Usually people close with a title company or a fee attorney sometimes state laws dictate it. I would give them a call because the contract  and closing is state specific.  They may be able to give you contracts and other information. Having a title company to receipt the contract will be important when you get an acceptable offer, you can both meet their to finalize things. They will also be able to assist you with your questions related to timing etc. If you are uncomfortable they can assist you with a Realtor that may help you with the contract for a fee or a real estate attorney to help you through the process. 

Joel Cote
Home Nation Realty 

--- sterbert at yahoo.com wrote:

From: Steven Herbert <sterbert at yahoo.com>
To: How To Sell Your Home in 5-Days	<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: Re: [5-DayForum] The (Monday) Morning After (tacoma, WA)
Date: Tue, 27 Jan 2009 13:13:17 -0800 (PST)

Hi again,

I notice many of you seem very Real Estate savy. Can
anyone provide some help with my questions?

Thanks,
Steve the Newbie HomeOwner

--- Steven Herbert <sterbert at yahoo.com> wrote:

Hi Folks,

I'm in Tacoma, WA, & I have plans to use this method
the last weekend of Feb (2/28, 3/1) and have few
questions.

#1.Is Monday morning fairly straight-forward
typically? 
 
I've never sold a house and know very little. I
haven't yet figured out who is to be my Settlement
Agent. (I'm thinking a lawyer or title company.  A
title complany did the work when I bought the house,
using an Real Estate Agent.) 

#2. How much time from work should I ask off? 
 
So far, I've asked off for Monday, expecting that to
be sufficient, but maybe someone here knows better.
 
Thanks,
 
Steven



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



















From lbicon at aol.com  Tue Jan 27 17:14:40 2009
From: lbicon at aol.com (lbicon at aol.com)
Date: Tue, 27 Jan 2009 17:14:40 -0500
Subject: [5-DayForum] 4 Calls by Friday Night?
In-Reply-To: <497F806B.3060403@effros.com>
References: <BLU117-W329AAA3AB7F4FC108FD4ABE2CB0@phx.gbl>
	<497F806B.3060403@effros.com>
Message-ID: <8CB4EE3C881E563-1198-EE6@WEBMAIL-DZ20.sysops.aol.com>

Hey Everyone,

I just have to put my 2 cents in here. I have run many Best Bidder sales where we have not gotten a bid that was acceptable to my clients on the first weekend of a?sale. We have run the sale two weekends later and gotten the bid higher. I am a student and practioner of real estate. I have done Best Bidder sales for the last five years on a continung basis. I do not limit my advertising to newspapers or any other media in this market. More is better. I do not exclude Real Estate Agents that are willing to bring me an offer 3% higher than the non represented buyers. We currently have Best Bidder sales scheduled in Las Vegas, Texas and Fl. that are short sales. The homes will sell. 

All the best,

Conrad Kuiken, Broker, Realtor, Investor, Loan Officer, and Author
www.househunter.com









Bill,

Don't try another 5-Day Sale until you are really ready to take what your home is currently worth.

Try any other method to sell it.? Take as long as you need.? Or can.

If you get $300,000 or $283,000, or $250,000 -- TAKE IT!

But your response pattern tells me buyers are not currently prepared to pay the kind of money you spent.

There are many things you can do at this point, but running another 5-Day Sale is not one of them.

Please stay on this list and let us know how you do.

If you can get $250,000-$300,000 in the short term, we all want to know how you did it.? Me included.

Bill Effros
Author


Eric Moo
rman wrote: 
Mr. Effros,
?
I had to cancel my 5 day sale this weekend because I only received four calls by Friday night.? The house is new and in a nice neighborhood near a popular lake.? It cost $283,000 to build and we were hoping to get $300,000.? We documented in the ad that the price was $149,500 or best offer.? We also indicated that the house was new, had 4400 square feet in total which included an unfinished walk out basement, 3 bedrooms, 3 bathrooms and a two car garage.? I placed the ad in a large regional newspaper, a local paper, and a popular "For Sale by Owner" website. I tried to follow all the rules and I was very surprised by the low response.? The ad was set up according to the example in the 5 Day Sale Book.? I want to try again in about three weeks and I need help with where I went wrong with this part of the process.
Thank You,
Bill Moorman

Windows Live? Hotmail??more than just e-mail. See how it works. 

______________________________________________
-DayForum mailing list
-DayForum at mailman.howtosellyourhomein5days.com
ttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
 




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

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From bill at effros.com  Tue Jan 27 17:28:21 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 27 Jan 2009 17:28:21 -0500
Subject: [5-DayForum] 4 Calls by Friday Night?
In-Reply-To: <BAY135-W28E3A4787EA963B19C9981AECB0@phx.gbl>
References: <b37ae1760901251551s6f18a66dh69f928d62f9be0dc@mail.gmail.com>	<d2b697900901261436n422fa026m7e29d872ef4a5c32@mail.gmail.com>	<A446C71D791B4464B6166B9EA3299523@NSKHome>
	<497E4BA9.20106@effros.com>
	<BAY135-W28E3A4787EA963B19C9981AECB0@phx.gbl>
Message-ID: <497F8A85.2070900@effros.com>

J

No way.

"How to Sell Your Home in 5-Days" was written in response to the housing 
market collapse of 1989.

The market stayed essentially flat until 1999.

The second edition of the book was written in 1997 -- before eBay.

Adjusted for inflation, home prices didn't get back to 1989 levels until 
2000.

It appears that, adjusted for inflation, housing prices have returned to 
roughly their 1989 level.

There were no bidding wars between 1989 and 1999.  Critics of the 5-Day 
Plan said it would only work when the market was down and people were 
desperate. 

When the market started to take off, critics said the 5-Day Method 
wouldn't work in good times.  But it did.  Sellers got more for their 
homes using the 5-Day Method than using any other approach -- Brokers 
repeatedly called to tell me this.

Now we've come full circle.  People are again saying "Oh, sure!  It 
works great when anybody can sell a home, but it won't work when there 
are 'no buyers'".

Yes it does!  The 5-Day Method is a superior method to sell a home 
whether the market is up, down, or flat!

Let's not rewrite history to make our point.

Response to paragraph 2:

10 times rental is historically the value of real estate.  There are 
fundamental reasons why this must be true.  When investors and banks 
lose sight of the fundamentals and turn the market into a casino they 
get burned.  They are all playing "Hot Potato" and all the potatoes are 
hot right now.

Properly functioning markets don't provide you with what you "need".  
They give you what your property is worth.  Nobody cares what you paid 
for your Citibank stock a year ago, today you can only get 10% of what 
you paid 12 months ago...and it may not be worth even that much 12 
months from now.  Nobody cares what you paid for your house...it's 
currently worth 10 times what you can rent it for in a year, and if you 
won't sell it for that, then you are not a "real seller" -- the "real 
buyers" will find "real sellers" to buy from.

Response to paragraph 3.

Springtime is not the best time to sell.  Last summer was a better time 
than this spring because the market has fallen considerably since then.  
If you think the market is going to start moving up, hold your property 
until it does.  If you think it is going down, get rid of your property 
as fast as you can.

The 5-Day Method does not "fool" the market.  It is the least expensive, 
fastest, fairest way to sell a home in any market.

Only use it if you are a "real" seller, prepared to take what your 
property is currently worth.

Bill Effros
Author


j crafor wrote:
>
> The 20 years that BIll is talking about are the years of the biggest 
> housing boom experienced in the US probably since after the war and 
> Levittowns were going up all over the countryside. People were buying 
> houses as fast as they were made available, with numerous areas 
> enjoying bidding wars on almost any habitable property. That 
> particular selling/buying environment turned upside down a couple of 
> years ago. We no longer have a seller's market.
>  
> I had a lot of response from my 5-Day sale, unfortunately most were 
> either investors who would not offer more than 10 time the possible 
> rent, and folks who simply didn't have the money to offer more than 
> the listed price.
> A few listed a bid lower than others, and left, saying that they 
> douldn't offer more, but maybe the others woul;dn't be able to get 
> thae money they offered.
> The 2 buyers didn't go much more than 75% of what I need. I did not 
> sell that house.
>  
> I plan to run another sale in a few months on a different house. 
> Springtime here is the best time to sell, because more people are 
> actually looking to move. I think money will be a little better, too.
>  
> Best wishes on your sale.
> JCrafor
> ------------------------------------------------------------------------
>
> Date: Mon, 26 Jan 2009 18:47:53 -0500
> From: bill at effros.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] 4 Calls by Friday Night?
>
> Bill Effros said:
> "It has been my experience over 20 years that if you advertise your 
> home for half its current market value in places where real buyers 
> look, you can ALWAYS get 25 responses by Friday night provided you 
> have a realistic understanding of current market value.
>
> If you get only 4 responses by Friday night, you CERTAINLY won't get 
> anywhere near what you are hoping for, no matter how extensively you 
> market.
>
> The fact that everyone looks on the Internet does not make the 
> Internet a good place to advertise.  You may remember when people were 
> advertising homes on milk cartons because everyone with kids looked at 
> the milk carton in the morning.  That didn't work either.
>
> You don't want to provide so many pictures that people don't need to 
> come to your home.  This strategy is counter-productive.
>
> When you run a 5-Day Sale properly, 25 to 50 real buyers show up from 
> your advertising (not from screaming signs--this is pointless).  They 
> believe you are really going to sell the home Sunday night to the high 
> bidder. 
>
> Bill learned everything he needs to know from the lack of response to 
> his advertising.  He would have learned the exact same thing if he had 
> spent considerably less, and he will get no higher price by spending 
> more on marketing.
>
> Thanks for your comments, are you a broker? An investor?
>
> Bill Effros
> Author
>
>
>
> Naji wrote:
>
>     I?ll have to disagree with a few things? Regardless of market
>     conditions, there are always buyers, period!!! Even during the
>     great depression people did by homes, even during the disastrous
>     S&L crisis, people bought homes, even when mortgage rates were
>     over 15%, people bought homes.
>
>      
>
>     As to why Bill did not receive more inquiries, there could be many
>     reasons, but I would have to disagree with Bill Effros regarding
>     advertising/marketing in the paper only? The majority (80%+) of
>     people these days use the internet to find a house to buy, plus
>     they want as much information and photos of the property as
>     possible before even looking at a house. No one wants to waste
>     their time looking at homes that don?t fit what they?re looking
>     for especially with the number of homes on the market; hence, a
>     small ad in the paper with such a low price may indicate a dump
>     and nothing more!
>
>      
>
>     In such a terrible market you have to use each and every avenue
>     imaginable to market your home; newspaper, online, MLS, word of
>     mouth, direct marketing, signage, email blast, etc plus you have
>     to make sure that your house is the cream of the crop and stands
>     above and beyond anything else out there.
>
>      
>
>     But with all the advertising and marketing that you do, it may
>     still be a no go if the location of your home is not desirable or
>     if your expectations are not reasonable even if the house is brand
>     new with all the bells and whistles? For example, if the house is
>     in a brand new community that?s 80% empty and of the 20% remaining
>     homes, 50% plus are either in foreclosure or bank owned (similar
>     to Lehigh Acres in South Florida), then I doubt that anyone will
>     even take the place for free. I know I wouldn?t.
>
>      
>
>     My 2 cents worth
>
>      
>
>     -Naji
>
>     ------------------------------------------------------------------------
>
>     *From:*
>     5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com
>     <mailto:5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com>
>     [mailto:5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com]
>     *On Behalf Of *Dutch Revenboer
>     *Sent:* Monday, January 26, 2009 5:36 PM
>     *To:* How To Sell Your Home in 5-Days
>     *Subject:* Re: [5-DayForum] 4 Calls by Friday Night?
>
>      
>
>     Bill,
>
>     I'm not sure you went wrong.  As I've stated before, IMHO, what we
>     are witnessing in the marketplace is a paralysis caused by fear
>     and uncertainty.  We haven't really seen anything of this
>     magnitude in over 20 years.  I liken it back to the early 80s
>     gasoline crisis, when there were long lines at the pumps, even
>     while there was not really any true shortage.
>
>     Until people become more confident in the economy and the lending
>     market loosens up the purse strings, there are simply not as many
>     real buyers out there.  They are sitting on the sidelines
>     watching.  Only the sharks are swimming right now.
>
>
>     Dutch Revenboer
>
>     Broker Associate
>     Metro Brokers of Oklahoma
>     www.DreamHomesOKC.com <http://www.dreamhomesokc.com/>
>     405-590-6563
>
>     We Buy Houses - www.OKCash4Homes.com <http://www.okcash4homes.com/>
>
>     We Help Stop Foreclosure - www.OKHomesavers.com
>     <http://www.okhomesavers.com/>
>
>     We Sell / Lease Homes - Specializing in Low Down Owner Carry
>     Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com
>     <http://www.buysellrenthouses.com/>
>
>     On Sun, Jan 25, 2009 at 5:51 PM, Eric Moorman <e5moorman at gmail.com
>     <mailto:e5moorman at gmail.com>> wrote:
>
>     I had to cancel my 5 day sale this weekend because I only received
>     four calls by Friday night.  The house is new and in a nice
>     neighborhood near a popular lake.  It cost $283,000 to build and
>     we were hoping to get $300,000.  We documented in the ad that the
>     price was $149,500 or best offer.  We also indicated that the
>     house was new, had 4400 square feet in total which included an
>     unfinished walk out basement, 3 bedrooms, 3 bathrooms and a two
>     car garage.  I placed the ad in a large regional newspaper, a
>     local paper, and a popular "For Sale by Owner" website. I tried to
>     follow all the rules and I was very surprised by the low
>     response.  The ad was set up according to the example in the 5 Day
>     Sale Book.  I want to try again in about three weeks and I need
>     help with where I went wrong with this part of the process.
>     Thank You,
>     Bill Moorman
>
>
>     _______________________________________________
>     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
>       
>
>
> ------------------------------------------------------------------------
> Windows Live?: E-mail. Chat. Share. Get more ways to connect. See how 
> it works. 
> <http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t2_allup_howitworks_012009> 
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From real.estate.professor at hotmail.com  Tue Jan 27 17:53:30 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 27 Jan 2009 16:53:30 -0600
Subject: [5-DayForum] FW:Commercial
In-Reply-To: <20090127130452.F6BB983C@resin09.mta.everyone.net>
References: <20090127130452.F6BB983C@resin09.mta.everyone.net>
Message-ID: <BLU122-W10D4749DBF508A88F1B1E0B4CB0@phx.gbl>


Hi Joel:
 
This is not directed to you in particulary, but rather the those Realtors hanging on the the past.  It's a new world now.
 
That said, it's a said testement to the state of affairs when Realtor's continue to focus on getting paid as opposed to providing value-added services and working the market ot the benefit of their clients - in which case they would likely reap greater rewards.  Don't get me wrong; we all need to make a living.  There is a reason that NAR has contacted from 1.2mm members to less than $1mm in the past year.
 
The world has changed forever regarding the Realtor (gate-keeper of information) model.  The real estate transaction has two basic components:  functional and fuciciary services.  Realtors (including myself) are no longer needed for functional services such as creating brochures, getting properties entered into the MLS, and marketing.  In my opinion, the value of a Realtor today is pricing counsel, and troubleshooting deals to get them to the closing table (fudiciary). 
 
Attached below is a dated piece I wrote on what I beleive is wrong with the indusrty today.  You can determine the validity of the case for yourself.
 
?I?m mad as hell and I?m not going to take it anymore!?
  By Kyle Cascioli
 
Remember this famous line from the 1976 Oscar Award winning movie ?Network? staring Fay Dunaway, William Holden, Peter Finch, and Robert Duvall??
 
In ?Network,? Peter Finch played an evening news anchor (Howard Beale) who, upon learning that he is about to be fired for low ratings, announces that he will commit suicide by ?blowing his brains out? during an upcoming newscast.  The fictitious network (UBS) fires him, but only after allowing him to apologize and bid farewell to his audience. Ratings skyrocket, and news executives decide to keep him on the air.  In the movie, there is a landmark scene in which anchor Howard Beale sets viewers on a rage with his impassioned plea that they (viewers) open their windows during a lighting storm and shout out that they are ?mad as hell and not going to take it anymore.? 
 
Just as Beale criticized network TV for dictating to consumers what programming they needed, today?s consumers are angry about their lack of choices and the feeling that the residential real estate industry is dictating the terms for buying and selling homes.
 
And rightfully so!
 
What did the residential real estate establishment do to incur the wrath of today?s home buyers and sellers?
 

The National Association of Realtors (NAR) failed to embrace leading technology fast enough, resisting new business models favorable to consumers, and flexing its lobbying power as the world?s single-largest trade organization
 

The Mortgage Bankers Association (MBA) hasn?t done enough to combat predatory lending practices, instead lobbying to preserve the status quo in residential lending, turning a ?blind eye? for the need to license mortgage originators and brokers, and failing to use their political influence to promote    the mandatory disclosure to consumers of yield spread premiums (YSP) in    ?good faith estimates (GFE)? 
 

The National Association of Homebuilders (NAHB) committed a multitude of sins including overbuilding, promoting disposable housing through urban sprawl, and enabling their home-buying consumer to bite off more than they can chew in purchasing power through builder-subsidized financing
 

Both the department of Housing and Urban Development (HUD) and the     Office of Federal Housing Enterprise Oversight (OFHEO) failed to properly regulate the secondary mortgage markets via Freddie Mac and Fannie Mae
 
So where does this leave the once-venerable residential real estate industry today?
In a colossal economic mess with REALTORS? leaving the industry in droves, mortgage bankers and brokers bewildered, homebuilders in a quandary, and federal regulators wondering what happened!
 
But alas, every cloud has its silver lining and the silver lining today empowers the home buyer and home seller like never before!
 
New models are embracing the informed and proactive residential real estate consumer through:
 

Transparent listing data readily available to conduct property searches online
Online automated property valuation models (AVM?s) 
Current market price trending data
?For Sale By Owner (FSBO)? platforms
Discount real estate brokerages
Agent rebating
Home auctioning (5 Day Sale
 
 
Real estate consumers are mad as hell right now ... and they should be.
 
If we (as Realtors) fail to embrace new business models that are "consumer-centric" we are doomed.  The consumer doesn't need us for functional tasks ... they need professional counsel that subordinates our "fee" interests to their "best" interests. 
 
The value of this Forum is in the "intellectual honesty," of its participants.. Forum subscribers are sophisticated enough to make prudent decisions based on their own self interests.
 
All I'm saying, is that if a commercial vendor wants to market their services on this Forum is that they contribute to the quality of the content free of self-interest.  That's what I try to do.  If in the end, a Forum member feels a given vendor can be of assistance that's their choice.  I don't feel they need to be protected from sign vendors, etc., if those vendors are responding to questions about the effectiveness of signage in marketing 5 Day Sales- assuming they have empirical experience with 5 Day Sales.
 
Please take no offense,
 
Kyle
www.AuctionBySeller.com 
 
 
 
 
 



Date: Tue, 27 Jan 2009 13:04:52 -0800From: jcote at gvtc.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] FW:Commercial
I understand people don't have the access to the endless barrage of  junk we get as Realtors. The Realtor on the last string had the right intent as 99.9% of  people I have heard on this string but people sign up for this because they are interested in it, Bill with his sailboat analogy, he had an interest in a specific sailboat, I am sure if you made money in a related business you could participate. You don't want to be getting emails where someone is selling services just because someone has a list and is able to access it.  I don't think the intent of the string was to be spam.  People with like interests, I believe was the intent.  Kyle you actively participate and lend input that is good if you have a set of services that you can charge for I think that is great by all means, you have an expertise but if you sent me an email flier ad everyday that is not great. That is the delineation, I don't think the intent was to be spam.  As far as charging for service,and support  I don't get paid until the deal closes I am the wrong guy to ask.  To that end I would have paid more for the book when I purchased it.     --- real.estate.professor at hotmail.com wrote:From: Kyle Cascioli <real.estate.professor at hotmail.com>To: <5-dayforum at mailman.howtosellyourhomein5days.com>Subject: [5-DayForum] FW: question on the 5 day saleDate: Tue, 27 Jan 2009 12:44:09 -0600Hi Joel: Seems you appreciated our council and introduction ... where do we draw the line between advise and fee based counsel and support. Kylewww.AuctionBySeller.com 

Date: Fri, 23 Jan 2009 12:50:06 -0800From: jcote at gvtc.comTo: real.estate.professor at hotmail.comSubject: RE: question on the 5 day sale
Thank you,  joel --- real.estate.professor at hotmail.com wrote:From: Kyle Cascioli <real.estate.professor at hotmail.com>To: <jcote at gvtc.com>Subject: RE: question on the 5 day saleDate: Fri, 23 Jan 2009 13:55:53 -0600Hi Joel: While all states require real estate practitioners to be licensed not all states require that auctioneers be licensed. Bill is quick to point out that a 5 Day Sale is technically not an auction.  I have found the 5 day sale to be more of a marketing and pricing mechanism.  We assist both sellers and agents in 5 Day Sale and auctioning. Check out www.AuctionByRealtor.com  Contact me offline if you like and we can discuss your concerns directly. Kylewww.AuctionByRealtor.com   

Date: Fri, 23 Jan 2009 10:14:08 -0800From: jcote at gvtc.comTo: real.estate.professor at hotmail.comSubject: question on the 5 day sale
To do this 5 day sale for people do you have to be an auctioneer? Looking at your site I noticed that you are.  I am a real estate broker in Texas and wanted to get your input on it.  Thank you, joel cote 

Windows Live?: E-mail. Chat. Share. Get more ways to connect. See how it works. 

Windows Live? Hotmail?:?more than just e-mail. Check it out. _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 
_________________________________________________________________
Hotmail? goes where you go. On a PC, on the Web, on your phone. 
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From jcrafor at hotmail.com  Tue Jan 27 17:58:44 2009
From: jcrafor at hotmail.com (j crafor)
Date: Tue, 27 Jan 2009 22:58:44 +0000
Subject: [5-DayForum] Commercial Posting
In-Reply-To: <BLU141-W165D237FF498A0CE9F4A42D2CB0@phx.gbl>
References: <cc7.4a8c3d4b.36b067a6@aol.com> <497F338C.9010107@effros.com>
	<BLU141-W165D237FF498A0CE9F4A42D2CB0@phx.gbl>
Message-ID: <BAY135-W337C35EC7AF5043F32F5A2AECB0@phx.gbl>


I agree with and second everything Patricia has already said.  "Solomon" still has not identified himself and his reason for being here even after Bill asked him, at least twice, to. These solicitations do NOT belong on this forum. If I want to advertise, people here have made suggestions several times, and have suggested googling for advertising venues, wherre such a site would show up. 
No, that does not belong here. Please keep it off. 
JCrafor



From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Tue, 27 Jan 2009 11:31:37 -0500Subject: Re: [5-DayForum] Commercial Posting


Hi Bill... thanks for this post.I think you know my position, I would prefer to not be bothered with these sorts of things in this Forum.  I am here to learn about your 5-Day Sale technique and gain support and confidence in myself.  I get enough spam mail as it is, I'd rather not come to a Forum and get bombarded with it here too.  Not that one message is bombarding, but I do see that long-term effect eventually, and perhaps maybe even sooner than I would initially think.If I want to find other resources to post advertisements at, I will start doing online searches to find sources for that and other whatnots.Thank you for asking...Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Date: Tue, 27 Jan 2009 11:17:16 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] Commercial PostingSolomon,If you are soliciting for a profit making business on this Forum, please have the courtesy to identify yourself properly following your signature.Also, Always change the Subject line so unsuspecting members won't stumble into your promotion, thinking it's something else.Everybody Else,What do you think about this?  Solomon is soliciting for something that looks a lot like a paid version of Craigslist.  All of the free stuff on the Internet suffers from unstated rules.  You can't rely on Craigslist because somebody might knock your 5-Day Ad offline in the middle of a sale.But how about commercial posting in general?Are we for it, or against it?It can be both annoying and useful.I'm not asking if I should charge people to post commercial messages, I have no intention of charging for anything.  What I want to know is if we should allow potentially useful commercial posters to use this Forum to distribute information about their services.Comments welcome.Bill EffrosList AdministratorSignsreallywork at aol.com wrote: 

Dear Tom Hoffman:
 
 
Thank you for the feedback about our new on-line classified site called www.some365.com , yes we do charge to post in most of the sections but not all of them.  The coverage areas vary per state and population, with that said we are willing to offer free postings to any registered member of this forum from now until the end of Feb. 2009.
 
We are willing to do this to curry favor with this forum and its members and prove our value.  All we ask in return is the member sign into the site with their email address, plus one friend's email address as well.  When they are ready to post the ad, please forward it to me directly: solomon at some365.com , I will do an admin override so the member will not be charged between now and the end of Feb. 2009.
 
Thank you and please advise,
 
 
Solomon
 

In a message dated 1/26/2009 11:32:32 P.M. Eastern Standard Time, tomhoffman at live.com writes:
Howdy forum readers, FYI, I went to www.some365.com and found out the cost is $8.99 per ad.  I did not test an ad for respoonse as there are plenty of other sites for free and the coverage in colorado was not good.God bless and thanks for all of your contributions.Tom HoffmanTop Priority Realty, LLCLicensed in Coloradp

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Mon, 26 Jan 2009 16:20:35 -0500Subject: [5-DayForum] Test


Hmmm, just checking to see if this is working... no messages yet today, so far, since Bill got this back online.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Windows Live? Hotmail?:?more than just e-mail. Check it out. =_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

A Good Credit Score is 700 or Above. See yours in just 2 easy steps! 
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5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  
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Windows Live? Hotmail??more than just e-mail. 
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From signsreallywork at aol.com  Tue Jan 27 18:09:30 2009
From: signsreallywork at aol.com (signsreallywork at aol.com)
Date: Tue, 27 Jan 2009 18:09:30 -0500
Subject: [5-DayForum] Commercial Posting
In-Reply-To: <BAY135-W337C35EC7AF5043F32F5A2AECB0@phx.gbl>
References: <cc7.4a8c3d4b.36b067a6@aol.com>
	<497F338C.9010107@effros.com><BLU141-W165D237FF498A0CE9F4A42D2CB0@phx.gbl>
	<BAY135-W337C35EC7AF5043F32F5A2AECB0@phx.gbl>
Message-ID: <8CB4EEB711DF4F1-984-5F5@webmail-md03.sysops.aol.com>


 Dear J Crafor:


What are you talking about!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


I have been on this forum for approx 4 months, I am a student of the book, I have owned it for more than 3 years.? 

What else do you want from me????????


Solomon Petersen
Miami,Fl

I put food on my table with my web-site, I am a newbie investor that has been monitoring this site for some time now, learning.? I have spoken w/Carlos from Sky-High in Orlando re: investing before the holiday.

I really HATE you fake people who try and throw stones from glass houses.

What do you call it when "name-less" individuals make 10 to 15 postings a day on this site "under the guise" of helping, but magically they have a nice signature at the bottom of each post????(Is that spam)?????? When they are involved as Real Estate Agents, Mortgage Brokers, "Professors", etc...

Get off of my back and get a life!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

You do not have to participate in the offer.? I have acknowledged Bill's wishes and the rules as I know them will be followed...


For you and Patricia, if you have anything else to say re: me or my site, please call me directly and lets discuss like adults and not "spam" this site....

Solomon

305-970-7244


 


 

-----Original Message-----
From: j crafor <jcrafor at hotmail.com>
To: 5-dayforum at mailman.how tosellyour home <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Tue, 27 Jan 2009 5:58 pm
Subject: Re: [5-DayForum] Commercial Posting








=0
A



I agree with and second everything Patricia has already said.??"Solomon" still has not identified himself and his reason for being here even after Bill asked him, at least twice, to. These solicitations do NOT belong on this forum. If I want to advertise, people here have made suggestions several times, and have suggested googling for advertising venues, wherre such a site would show up. 

No, that does not belong here. Please keep it off. 

JCrafor









From: patricialone at hotmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 27 Jan 2009 11:31:37 -0500
Subject: Re: [5-DayForum] Commercial Posting






Hi Bill... thanks for this post.

I think you know my position, I would prefer to not be bothered with these sorts of things in this Forum.? I am here to learn about your 5-Day Sale technique and gain support and confidence in myself.? I get enough spam mail as it is, I'd rather not come to a Forum and get bombarded with it here too.? Not that one message is bombarding, but I do see that long-term effect eventually, and perhaps maybe even sooner than I would initially think.

If I want to find other resources to post advertisements at, I will start doing online searches to find?sources for that?and other whatnots.

Thank you for asking...

Patricia? 
Michigan, Conservator/Landlord/Seller

???????????"If you need help, ask God; If you don't, thank God."





Date: Tue, 27 Jan 2009=2
011:17:16 -0500
From: bill at effros.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Commercial Posting

Solomon,

If you are soliciting for a profit making business on this Forum, please have the courtesy to identify yourself properly following your signature.

Also, Always change the Subject line so unsuspecting members won't stumble into your promotion, thinking it's something else.

Everybody Else,

What do you think about this?? Solomon is soliciting for something that looks a lot like a paid version of Craigslist.? All of the free stuff on the Internet suffers from unstated rules.? You can't rely on Craigslist because somebody might knock your 5-Day Ad offline in the middle of a sale.

But how about commercial posting in general?

Are we for it, or against it?

It can be both annoying and useful.

I'm not asking if I should charge people to post commercial messages, I have no intention of charging for anything.? What I want to know is if we should allow potentially useful commercial posters to use this Forum to distribute information about their services.

Comments welcome.

Bill Effros
List Administrator



Signsreallywork at aol.com wrote: 



Dear Tom Hoffman:


?


?


Thank you for the feedback about our new on-line classified site called www.some365.com , yes we do charge to post in most of the sections but not all of them.? The coverage areas vary per state and population, with that said we are willing to offer free postings to any reg
istered member of this forum from now until the end of Feb. 2009.


?


We are willing to do this to curry favor with this forum and its members and prove our value.? All we ask in return is the?member sign into the site with their email address, plus one friend's email address?as well.? When they are ready to post the ad, please forward it to me directly: solomon at some365.com , I will do an admin override so the member will not be charged between now and the end of Feb. 2009.


?


Thank you and please advise,


?


?


Solomon


?




In a message dated 1/26/2009 11:32:32 P.M. Eastern Standard Time, tomhoffman at live.com writes:


Howdy forum readers, FYI, I went to www.some365.com and found out the cost is $8.99 per ad.? I did not test an ad for respoonse as there are plenty of other sites for free and the coverage in colorado was not good.
God bless and thanks for all of your contributions.
Tom Hoffman
Top Priority Realty, LLC
Licensed in Coloradp







From: patricialone at hotmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Mon, 26 Jan 2009 16:20:35 -0500
Subject: [5-DayForum] Test






Hmmm, just checking to see if this is working... no messages yet today, so far, since Bill got this back online.

Patricia? 
Michigan, Conservator/Landlord/Seller

???????????"If you need help, ask God; If you don't, thank God."





Windows Live? Hotmail?:?
more than just e-mail. Check it out. =

_______________________________________________
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! 



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




Windows Live? Hotmail??more than just e-mail.  See how it works.=


 





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



 

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From jcarv929 at cox.net  Tue Jan 27 18:13:42 2009
From: jcarv929 at cox.net (jcarv929 at cox.net)
Date: Tue, 27 Jan 2009 18:13:42 -0500
Subject: [5-DayForum] Condo i n South Florida
In-Reply-To: <8B4E2A2D-98CF-4E95-8A43-8D0D87D4EED1@gmail.com>
Message-ID: <20090127181342.L9K7W.389557.imail@eastrmwml14>

Wow!  How did you advertise it?
                             John
---- SKY HIGH <skyhighplanning at gmail.com> wrote: 
> I have.  Sold a condo on Miami beach.
> 
> Carlos A. Chica
> Sky High Planning, Inc.
> 7380 Sand Lake Rd. Suite#500
> Orlando, FL   32819
> Office:    (407) 352-3220
> Fax:        (407) 738-4816
> Cell:        (646) 552-0107
> skyhighplanning at gmail.com
> 
> "It's kind of fun to do the impossible"
>                      -  Walt Disney
> 
> Coming Soon:
> 
> www.skyhighplanning.com
> 
> On Jan 27, 2009, at 12:29 PM, "John Carvalho" <jcarv929 at cox.net> wrote:
> 
> > Hi,
> > I am trying to sell a condo in Pompano Beach.  Has anyone tried to  
> > sell a condo in South Florida?
> >                               John
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

From real.estate.professor at hotmail.com  Tue Jan 27 18:58:24 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 27 Jan 2009 17:58:24 -0600
Subject: [5-DayForum] Commercial Posting
In-Reply-To: <8CB4EEB711DF4F1-984-5F5@webmail-md03.sysops.aol.com>
References: <cc7.4a8c3d4b.36b067a6@aol.com>
	<497F338C.9010107@effros.com><BLU141-W165D237FF498A0CE9F4A42D2CB0@phx.gbl>
	<BAY135-W337C35EC7AF5043F32F5A2AECB0@phx.gbl> 
	<8CB4EEB711DF4F1-984-5F5@webmail-md03.sysops.aol.com>
Message-ID: <BLU122-W24BB05F2A30043D03C35C2B4CB0@phx.gbl>


To All:
 
I've been on this site for nearly two years and have never seen commercial participants abuse the system by making multiple, obnoxious postings in the range you describe.
 
The truth is that this site mostly polices itself; except for that "Lord of the Flies" period when Bill was not on the site for 3+ months!
 
Kyle
www.AuctionBySeller.com 



To: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Tue, 27 Jan 2009 18:09:30 -0500From: signsreallywork at aol.comSubject: Re: [5-DayForum] Commercial Posting
Dear J Crafor:What are you talking about!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!I have been on this forum for approx 4 months, I am a student of the book, I have owned it for more than 3 years.  What else do you want from me????????Solomon PetersenMiami,FlI put food on my table with my web-site, I am a newbie investor that has been monitoring this site for some time now, learning.  I have spoken w/Carlos from Sky-High in Orlando re: investing before the holiday.I really HATE you fake people who try and throw stones from glass houses.What do you call it when "name-less" individuals make 10 to 15 postings a day on this site "under the guise" of helping, but magically they have a nice signature at the bottom of each post????(Is that spam)?????  When they are involved as Real Estate Agents, Mortgage Brokers, "Professors", etc...Get off of my back and get a life!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!You do not have to participate in the offer.  I have acknowledged Bill's wishes and the rules as I know them will be followed...For you and Patricia, if you have anything else to say re: me or my site, please call me directly and lets discuss like adults and not "spam" this site....Solomon305-970-7244

-----Original Message-----From: j crafor <jcrafor at hotmail.com>To: 5-dayforum at mailman.how tosellyour home <5-dayforum at mailman.howtosellyourhomein5days.com>Sent: Tue, 27 Jan 2009 5:58 pmSubject: Re: [5-DayForum] Commercial Posting


I agree with and second everything Patricia has already said.  "Solomon" still has not identified himself and his reason for being here even after Bill asked him, at least twice, to. These solicitations do NOT belong on this forum. If I want to advertise, people here have made suggestions several times, and have suggested googling for advertising venues, wherre such a site would show up. No, that does not belong here. Please keep it off. JCrafor

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Tue, 27 Jan 2009 11:31:37 -0500Subject: Re: [5-DayForum] Commercial Posting


Hi Bill... thanks for this post.< br> I think you know my position, I would prefer to not be bothered with these sorts of things in this Forum.  I am here to learn about your 5-Day Sale technique and gain support and confidence in myself.  I get enough spam mail as it is, I'd rather not come to a Forum and get bombarded with it here too.  Not that one message is bombarding, but I do see that long-term effect eventually, and perhaps maybe even sooner than I would initially think.If I want to find other resources to post advertisements at, I will start doing online searches to find sources for that and other whatnots.Thank you for asking...Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Date: Tue, 27 Jan 2009 11:17:16 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] Commercial PostingSolomon,If you are soliciting for a profit making business on this Forum, please have the courtesy to identify yourself properly following your signature.Also, Always change the Subject line so unsuspecting members won't stumble into your promotion, thinking it's something else.Everybody Else,What do you think about this?  Solomon is soliciting for something that looks a lot like a paid version of Craigslist.  All of the free stuff on the Internet suffers from unstated rules.  You can't rely on Craigslist because somebody might knock your 5-Day Ad offline in the middle of a sale.But how about commercial posting in general?Are we for it, or against it?It can be both annoying and useful.I'm not asking if I should charge people to post commercial messages, I have no intention of charging for anything.  What I want to know is if we should allow potentially useful commercial posters to use this Forum to distribute information about their services.Comments welcome.Bill EffrosList AdministratorSignsreallywork at aol.com wrote: 

Dear Tom Hoffman:
 
 
Thank you for the feedback about our new on-line classified site called www.some365.com , yes we do charge to post in most of the sections but not all of them.  The coverage areas vary per state and population, with that said we are willing to offer free postings< /strong> to any registered member of this forum from now until the end of Feb. 2009.
 
We are willing to do this to curry favor with this forum and its members and prove our value.  All we ask in return is the member sign into the site with their email address, plus one friend's email address as well.  When they are ready to post the ad, please forward it to me directly: solomon at some365.com , I will do an admin override so the member will not be charged between now and the end of Feb. 2009.
 
Thank you and please advise,
 
 
Solomon
 

In a message dated 1/26/2009 11:32:32 P.M. Eastern Standard Time, tomhoffman at live.com writes:
Howdy forum readers, FYI, I went to www.some365.com and found out the cost is $8.99 per ad.  I did not test an ad for respoonse as there are plenty of other sites for free and the coverage in colorado was not good.God bless and thanks for all of your contributions.Tom HoffmanTop Priority Realty, LLCLicensed in Coloradp

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Mon, 26 Jan 2009 16:20:35 -0500Subject: [5-DayForum] Test


Hmmm, just checking to see if this is working... no messages yet today, so far, since Bill got this back online.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Windows Live? Hotmail?:?more than just e-mail. Check it out. =_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

A Good Credit Score is 700 or Above. See yours in just 2 easy steps! 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  

Windows Live? Hotmail??more than just e-mail. See how it works.= 
_______________________________________________
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! 
_________________________________________________________________
Windows Live?: E-mail. Chat. Share. Get more ways to connect. 
http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t2_allup_howitworks_012009
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From signsreallywork at aol.com  Tue Jan 27 19:06:08 2009
From: signsreallywork at aol.com (signsreallywork at aol.com)
Date: Wed, 28 Jan 2009 00:06:08 +0000
Subject: [5-DayForum] Commercial Posting
In-Reply-To: <BLU122-W24BB05F2A30043D03C35C2B4CB0@phx.gbl>
References: <cc7.4a8c3d4b.36b067a6@aol.com><497F338C.9010107@effros.com><BLU141-W165D237FF498A0CE9F4A42D2CB0@phx.gbl><BAY135-W337C35EC7AF5043F32F5A2AECB0@phx.gbl>
	<8CB4EEB711DF4F1-984-5F5@webmail-md03.sysops.aol.com><BLU122-W24BB05F2A30043D03C35C2B4CB0@phx.gbl>
Message-ID: <739063964-1233101158-cardhu_decombobulator_blackberry.rim.net-1441624004-@bxe196.bisx.prod.on.blackberry>

Um, hello, I am not doing any such thing.

I have been attacked by the comments and I am simply standing up for myself/site.

If Bill wants to add my site as a preferred vendor/link, why is that a problem? if you are able to have another advantage to moving your property, why would anyone w/ good sense complain??? Especially since it is free? 

Again, where is the problem??? Are we promoting Craigslist, postlets, Backpage when they are mentioned??? No, so what is the difference? There is none.

If it applies to you then use it, if not delete it. Life goes on.  Hopefully to a 5-day sale ;)
Thank you,
Solomon Petersen
Miami, Fl
www.some365.com
Sent from my BlackBerry? smartphone with SprintSpeed

-----Original Message-----
From: Kyle Cascioli <real.estate.professor at hotmail.com>

Date: Tue, 27 Jan 2009 17:58:24 
To: <5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: Re: [5-DayForum] Commercial Posting


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



From patricialone at hotmail.com  Tue Jan 27 19:23:21 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Tue, 27 Jan 2009 19:23:21 -0500
Subject: [5-DayForum] Commercial Posting
In-Reply-To: <8CB4EEB711DF4F1-984-5F5@webmail-md03.sysops.aol.com>
References: <cc7.4a8c3d4b.36b067a6@aol.com>
	<497F338C.9010107@effros.com><BLU141-W165D237FF498A0CE9F4A42D2CB0@phx.gbl>
	<BAY135-W337C35EC7AF5043F32F5A2AECB0@phx.gbl> 
	<8CB4EEB711DF4F1-984-5F5@webmail-md03.sysops.aol.com>
Message-ID: <BLU141-W65AF7EFB7918193A9A695D2C80@phx.gbl>


I wasn't going to respond to this, but I think I will, and I am trying to do this respectfully.I can not help but see all of the other posters who have also disagreed with, or not really applauded, your advertising your website here yet you single out J Crafor and myself?  ...and shall I mention the vastness of overeaction in your response to J Crafor as well? Again, I also can not help but wonder why you single out J Crafor and myself as the two people to call you to "discuss this as adults" when the others are taking the same position as well.Puzzled Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

To: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Tue, 27 Jan 2009 18:09:30 -0500From: signsreallywork at aol.comSubject: Re: [5-DayForum] Commercial Posting
Dear J Crafor:What are you talking about!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!I have been on this forum for approx 4 months, I am a student of the book, I have owned it for more than 3 years.  What else do you want from me????????Solomon PetersenMiami,FlI put food on my table with my web-site, I am a newbie investor that has been monitoring this site for some time now, learning.  I have spoken w/Carlos from Sky-High in Orlando re: investing before the holiday.I really HATE you fake people who try and throw stones from glass houses.What do you call it when "name-less" individuals make 10 to 15 postings a day on this site "under the guise" of helping, but magically they have a nice signature at the bottom of each post????(Is that spam)?????  When they are involved as Real Estate Agents, Mortgage Brokers, "Professors", etc...Get off of my back and get a life!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!You do not have to participate in the offer.  I have acknowledged Bill's wishes and the rules as I know them will be followed...For you and Patricia, if you have anything else to say re: me or my site, please call me directly and lets discuss like adults and not "spam" this site....Solomon305-970-7244

-----Original Message-----From: j crafor <jcrafor at hotmail.com>To: 5-dayforum at mailman.how tosellyour home <5-dayforum at mailman.howtosellyourhomein5days.com>Sent: Tue, 27 Jan 2009 5:58 pmSubject: Re: [5-DayForum] Commercial Posting


I agree with and second everything Patricia has already said.  "Solomon" still has not identified himself and his reason for being here even after Bill asked him, at least twice, to. These solicitations do NOT belong on this forum. If I want to advertise, people here have made suggestions several times, and have suggested googling for advertising venues, wherre such a site would show up. No, that does not belong here. Please keep it off. JCrafor

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Tue, 27 Jan 2009 11:31:37 -0500Subject: Re: [5-DayForum] Commercial Posting


Hi Bill... thanks for this post.< br> I think you know my position, I would prefer to not be bothered with these sorts of things in this Forum.  I am here to learn about your 5-Day Sale technique and gain support and confidence in myself.  I get enough spam mail as it is, I'd rather not come to a Forum and get bombarded with it here too.  Not that one message is bombarding, but I do see that long-term effect eventually, and perhaps maybe even sooner than I would initially think.If I want to find other resources to post advertisements at, I will start doing online searches to find sources for that and other whatnots.Thank you for asking...Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Date: Tue, 27 Jan 2009 11:17:16 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] Commercial PostingSolomon,If you are soliciting for a profit making business on this Forum, please have the courtesy to identify yourself properly following your signature.Also, Always change the Subject line so unsuspecting members won't stumble into your promotion, thinking it's something else.Everybody Else,What do you think about this?  Solomon is soliciting for something that looks a lot like a paid version of Craigslist.  All of the free stuff on the Internet suffers from unstated rules.  You can't rely on Craigslist because somebody might knock your 5-Day Ad offline in the middle of a sale.But how about commercial posting in general?Are we for it, or against it?It can be both annoying and useful.I'm not asking if I should charge people to post commercial messages, I have no intention of charging for anything.  What I want to know is if we should allow potentially useful commercial posters to use this Forum to distribute information about their services.Comments welcome.Bill EffrosList AdministratorSignsreallywork at aol.com wrote: 

Dear Tom Hoffman:
 
 
Thank you for the feedback about our new on-line classified site called www.some365.com , yes we do charge to post in most of the sections but not all of them.  The coverage areas vary per state and population, with that said we are willing to offer free postings< /strong> to any registered member of this forum from now until the end of Feb. 2009.
 
We are willing to do this to curry favor with this forum and its members and prove our value.  All we ask in return is the member sign into the site with their email address, plus one friend's email address as well.  When they are ready to post the ad, please forward it to me directly: solomon at some365.com , I will do an admin override so the member will not be charged between now and the end of Feb. 2009.
 
Thank you and please advise,
 
 
Solomon
 

In a message dated 1/26/2009 11:32:32 P.M. Eastern Standard Time, tomhoffman at live.com writes:
Howdy forum readers, FYI, I went to www.some365.com and found out the cost is $8.99 per ad.  I did not test an ad for respoonse as there are plenty of other sites for free and the coverage in colorado was not good.God bless and thanks for all of your contributions.Tom HoffmanTop Priority Realty, LLCLicensed in Coloradp

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Mon, 26 Jan 2009 16:20:35 -0500Subject: [5-DayForum] Test


Hmmm, just checking to see if this is working... no messages yet today, so far, since Bill got this back online.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Windows Live? Hotmail?:?more than just e-mail. Check it out. =_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

A Good Credit Score is 700 or Above. See yours in just 2 easy steps! 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  

Windows Live? Hotmail??more than just e-mail. See how it works.= 
_______________________________________________
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! 
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From real.estate.professor at hotmail.com  Tue Jan 27 19:26:07 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 27 Jan 2009 18:26:07 -0600
Subject: [5-DayForum] Commercial Posting
In-Reply-To: <BLU141-W65AF7EFB7918193A9A695D2C80@phx.gbl>
References: <cc7.4a8c3d4b.36b067a6@aol.com>
	<497F338C.9010107@effros.com><BLU141-W165D237FF498A0CE9F4A42D2CB0@phx.gbl>
	<BAY135-W337C35EC7AF5043F32F5A2AECB0@phx.gbl> 
	<8CB4EEB711DF4F1-984-5F5@webmail-md03.sysops.aol.com> 
	<BLU141-W65AF7EFB7918193A9A695D2C80@phx.gbl>
Message-ID: <BLU122-W490A3185770CB29AB5A3F3B4C80@phx.gbl>


Can't we all just get along ...
 
Kyle
www.AuctionBySeller.com 



From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Tue, 27 Jan 2009 19:23:21 -0500Subject: Re: [5-DayForum] Commercial Posting


I wasn't going to respond to this, but I think I will, and I am trying to do this respectfully.I can not help but see all of the other posters who have also disagreed with, or not really applauded, your advertising your website here yet you single out J Crafor and myself?  ...and shall I mention the vastness of overeaction in your response to J Crafor as well? Again, I also can not help but wonder why you single out J Crafor and myself as the two people to call you to "discuss this as adults" when the others are taking the same position as well.Puzzled Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

To: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Tue, 27 Jan 2009 18:09:30 -0500From: signsreallywork at aol.comSubject: Re: [5-DayForum] Commercial Posting
Dear J Crafor:What are you talking about!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!I have been on this forum for approx 4 months, I am a student of the book, I have owned it for more than 3 years.  What else do you want from me????????Solomon PetersenMiami,FlI put food on my table with my web-site, I am a newbie investor that has been monitoring this site for some time now, learning.  I have spoken w/Carlos from Sky-High in Orlando re: investing before the holiday.I really HATE you fake people who try and throw stones from glass houses.What do you call it when "name-less" individuals make 10 to 15 postings a day on this site "under the guise" of helping, but magically they have a nice signature at the bottom of each post????(Is that spam)?????  When they are involved as Real Estate Agents, Mortgage Brokers, "Professors", etc...Get off of my back and get a life!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!You do not have to participate in the offer.  I have acknowledged Bill's wishes and the rules as I know them will be followed...For you and Patricia, if you have anything else to say re: me or my site, please call me directly and lets discuss like adults and not "spam" this site....Solomon305-970-7244

-----Original Message-----From: j crafor <jcrafor at hotmail.com>To: 5-dayforum at mailman.how tosellyour home <5-dayforum at mailman.howtosellyourhomein5days.com>Sent: Tue, 27 Jan 2009 5:58 pmSubject: Re: [5-DayForum] Commercial Posting


I agree with and second everything Patricia has already said.  "Solomon" still has not identified himself and his reason for being here even after Bill asked him, at least twice, to. These solicitations do NOT belong on this forum. If I want to advertise, people here have made suggestions several times, and have suggested googling for advertising venues, wherre such a site would show up. No, that does not belong here. Please keep it off. JCrafor

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Tue, 27 Jan 2009 11:31:37 -0500Subject: Re: [5-DayForum] Commercial Posting


Hi Bill... thanks for this post.< br> I think you know my position, I would prefer to not be bothered with these sorts of things in this Forum.  I am here to learn about your 5-Day Sale technique and gain support and confidence in myself.  I get enough spam mail as it is, I'd rather not come to a Forum and get bombarded with it here too.  Not that one message is bombarding, but I do see that long-term effect eventually, and perhaps maybe even sooner than I would initially think.If I want to find other resources to post advertisements at, I will start doing online searches to find sources for that and other whatnots.Thank you for asking...Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Date: Tue, 27 Jan 2009 11:17:16 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] Commercial PostingSolomon,If you are soliciting for a profit making business on this Forum, please have the courtesy to identify yourself properly following your signature.Also, Always change the Subject line so unsuspecting members won't stumble into your promotion, thinking it's something else.Everybody Else,What do you think about this?  Solomon is soliciting for something that looks a lot like a paid version of Craigslist.  All of the free stuff on the Internet suffers from unstated rules.  You can't rely on Craigslist because somebody might knock your 5-Day Ad offline in the middle of a sale.But how about commercial posting in general?Are we for it, or against it?It can be both annoying and useful.I'm not asking if I should charge people to post commercial messages, I have no intention of charging for anything.  What I want to know is if we should allow potentially useful commercial posters to use this Forum to distribute information about their services.Comments welcome.Bill EffrosList AdministratorSignsreallywork at aol.com wrote: 

Dear Tom Hoffman:
 
 
Thank you for the feedback about our new on-line classified site called www.some365.com , yes we do charge to post in most of the sections but not all of them.  The coverage areas vary per state and population, with that said we are willing to offer free postings< /strong> to any registered member of this forum from now until the end of Feb. 2009.
 
We are willing to do this to curry favor with this forum and its members and prove our value.  All we ask in return is the member sign into the site with their email address, plus one friend's email address as well.  When they are ready to post the ad, please forward it to me directly: solomon at some365.com , I will do an admin override so the member will not be charged between now and the end of Feb. 2009.
 
Thank you and please advise,
 
 
Solomon
 

In a message dated 1/26/2009 11:32:32 P.M. Eastern Standard Time, tomhoffman at live.com writes:
Howdy forum readers, FYI, I went to www.some365.com and found out the cost is $8.99 per ad.  I did not test an ad for respoonse as there are plenty of other sites for free and the coverage in colorado was not good.God bless and thanks for all of your contributions.Tom HoffmanTop Priority Realty, LLCLicensed in Coloradp

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Mon, 26 Jan 2009 16:20:35 -0500Subject: [5-DayForum] Test


Hmmm, just checking to see if this is working... no messages yet today, so far, since Bill got this back online.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Windows Live? Hotmail?:?more than just e-mail. Check it out. =_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

A Good Credit Score is 700 or Above. See yours in just 2 easy steps! 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  

Windows Live? Hotmail??more than just e-mail. See how it works.= 
_______________________________________________
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! 
_________________________________________________________________
Hotmail? goes where you go. On a PC, on the Web, on your phone. 
http://www.windowslive-hotmail.com/learnmore/versatility.aspx#mobile?ocid=TXT_TAGHM_WL_HM_versatility_121208 
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From patricialone at hotmail.com  Tue Jan 27 19:45:13 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Tue, 27 Jan 2009 19:45:13 -0500
Subject: [5-DayForum] Commercial Posting
In-Reply-To: <BLU122-W490A3185770CB29AB5A3F3B4C80@phx.gbl>
References: <cc7.4a8c3d4b.36b067a6@aol.com>
	<497F338C.9010107@effros.com><BLU141-W165D237FF498A0CE9F4A42D2CB0@phx.gbl>
	<BAY135-W337C35EC7AF5043F32F5A2AECB0@phx.gbl> 
	<8CB4EEB711DF4F1-984-5F5@webmail-md03.sysops.aol.com> 
	<BLU141-W65AF7EFB7918193A9A695D2C80@phx.gbl> 
	<BLU122-W490A3185770CB29AB5A3F3B4C80@phx.gbl>
Message-ID: <BLU141-W5F7698D19F779DE0F097FD2C80@phx.gbl>


I don't know... will Solomon respond again?  lol... just kidding in an effort to lighten things up some.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

From: real.estate.professor at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Tue, 27 Jan 2009 18:26:07 -0600Subject: Re: [5-DayForum] Commercial Posting

Can't we all just get along ... Kylewww.AuctionBySeller.com 

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Tue, 27 Jan 2009 19:23:21 -0500Subject: Re: [5-DayForum] Commercial Posting


I wasn't going to respond to this, but I think I will, and I am trying to do this respectfully.I can not help but see all of the other posters who have also disagreed with, or not really applauded, your advertising your website here yet you single out J Crafor and myself?  ...and shall I mention the vastness of overeaction in your response to J Crafor as well? Again, I also can not help but wonder why you single out J Crafor and myself as the two people to call you to "discuss this as adults" when the others are taking the same position as well.Puzzled Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

To: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Tue, 27 Jan 2009 18:09:30 -0500From: signsreallywork at aol.comSubject: Re: [5-DayForum] Commercial Posting
Dear J Crafor:What are you talking about!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!I have been on this forum for approx 4 months, I am a student of the book, I have owned it for more than 3 years.  What else do you want from me????????Solomon PetersenMiami,FlI put food on my table with my web-site, I am a newbie investor that has been monitoring this site for some time now, learning.  I have spoken w/Carlos from Sky-High in Orlando re: investing before the holiday.I really HATE you fake people who try and throw stones from glass houses.What do you call it when "name-less" individuals make 10 to 15 postings a day on this site "under the guise" of helping, but magically they have a nice signature at the bottom of each post????(Is that spam)?????  When they are involved as Real Estate Agents, Mortgage Brokers, "Professors", etc...Get off of my back and get a life!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!You do not have to participate in the offer.  I have acknowledged Bill's wishes and the rules as I know them will be followed...For you and Patricia, if you have anything else to say re: me or my site, please call me directly and lets discuss like adults and not "spam" this site....Solomon305-970-7244

-----Original Message-----From: j crafor <jcrafor at hotmail.com>To: 5-dayforum at mailman.how tosellyour home <5-dayforum at mailman.howtosellyourhomein5days.com>Sent: Tue, 27 Jan 2009 5:58 pmSubject: Re: [5-DayForum] Commercial Posting


I agree with and second everything Patricia has already said.  "Solomon" still has not identified himself and his reason for being here even after Bill asked him, at least twice, to. These solicitations do NOT belong on this forum. If I want to advertise, people here have made suggestions several times, and have suggested googling for advertising venues, wherre such a site would show up. No, that does not belong here. Please keep it off. JCrafor

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Tue, 27 Jan 2009 11:31:37 -0500Subject: Re: [5-DayForum] Commercial Posting


Hi Bill... thanks for this post.< br> I think you know my position, I would prefer to not be bothered with these sorts of things in this Forum.  I am here to learn about your 5-Day Sale technique and gain support and confidence in myself.  I get enough spam mail as it is, I'd rather not come to a Forum and get bombarded with it here too.  Not that one message is bombarding, but I do see that long-term effect eventually, and perhaps maybe even sooner than I would initially think.If I want to find other resources to post advertisements at, I will start doing online searches to find sources for that and other whatnots.Thank you for asking...Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Date: Tue, 27 Jan 2009 11:17:16 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] Commercial PostingSolomon,If you are soliciting for a profit making business on this Forum, please have the courtesy to identify yourself properly following your signature.Also, Always change the Subject line so unsuspecting members won't stumble into your promotion, thinking it's something else.Everybody Else,What do you think about this?  Solomon is soliciting for something that looks a lot like a paid version of Craigslist.  All of the free stuff on the Internet suffers from unstated rules.  You can't rely on Craigslist because somebody might knock your 5-Day Ad offline in the middle of a sale.But how about commercial posting in general?Are we for it, or against it?It can be both annoying and useful.I'm not asking if I should charge people to post commercial messages, I have no intention of charging for anything.  What I want to know is if we should allow potentially useful commercial posters to use this Forum to distribute information about their services.Comments welcome.Bill EffrosList AdministratorSignsreallywork at aol.com wrote: 

Dear Tom Hoffman:
 
 
Thank you for the feedback about our new on-line classified site called www.some365.com , yes we do charge to post in most of the sections but not all of them.  The coverage areas vary per state and population, with that said we are willing to offer free postings< /strong> to any registered member of this forum from now until the end of Feb. 2009.
 
We are willing to do this to curry favor with this forum and its members and prove our value.  All we ask in return is the member sign into the site with their email address, plus one friend's email address as well.  When they are ready to post the ad, please forward it to me directly: solomon at some365.com , I will do an admin override so the member will not be charged between now and the end of Feb. 2009.
 
Thank you and please advise,
 
 
Solomon
 

In a message dated 1/26/2009 11:32:32 P.M. Eastern Standard Time, tomhoffman at live.com writes:
Howdy forum readers, FYI, I went to www.some365.com and found out the cost is $8.99 per ad.  I did not test an ad for respoonse as there are plenty of other sites for free and the coverage in colorado was not good.God bless and thanks for all of your contributions.Tom HoffmanTop Priority Realty, LLCLicensed in Coloradp

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Mon, 26 Jan 2009 16:20:35 -0500Subject: [5-DayForum] Test


Hmmm, just checking to see if this is working... no messages yet today, so far, since Bill got this back online.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Windows Live? Hotmail?:?more than just e-mail. Check it out. =_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

A Good Credit Score is 700 or Above. See yours in just 2 easy steps! 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  

Windows Live? Hotmail??more than just e-mail. See how it works.= 
_______________________________________________
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! 

Hotmail? goes where you go. On a PC, on the Web, on your phone. See how.
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From signsreallywork at aol.com  Tue Jan 27 20:10:43 2009
From: signsreallywork at aol.com (signsreallywork at aol.com)
Date: Wed, 28 Jan 2009 01:10:43 +0000
Subject: [5-DayForum] Commercial Posting
In-Reply-To: <BLU141-W5F7698D19F779DE0F097FD2C80@phx.gbl>
References: <cc7.4a8c3d4b.36b067a6@aol.com><497F338C.9010107@effros.com><BLU141-W165D237FF498A0CE9F4A42D2CB0@phx.gbl><BAY135-W337C35EC7AF5043F32F5A2AECB0@phx.gbl>
	<8CB4EEB711DF4F1-984-5F5@webmail-md03.sysops.aol.com>
	<BLU141-W65AF7EFB7918193A9A695D2C80@phx.gbl>
	<BLU122-W490A3185770CB29AB5A3F3B4C80@phx.gbl><BLU141-W5F7698D19F779DE0F097FD2C80@phx.gbl>
Message-ID: <463028731-1233105032-cardhu_decombobulator_blackberry.rim.net-764142736-@bxe196.bisx.prod.on.blackberry>

I guess we are all family now ;). 

It seems obvious that, those who are going to support www.some365.com will, and those who do not won't. In an effort to keep the peace,

I will pledge not to spam or force my site on anyone. It is here to help and that is what we will focus on. I will keep the offerings to a minimum. 

Thank you all that support change!!!

Thank you, Solomon at some365.com
Sent from my BlackBerry? smartphone with SprintSpeed

-----Original Message-----
From: Patricia Lone <patricialone at hotmail.com>

Date: Tue, 27 Jan 2009 19:45:13 
To: 5-Day Forum<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: Re: [5-DayForum] Commercial Posting


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



From kflan.global at gmail.com  Tue Jan 27 19:42:13 2009
From: kflan.global at gmail.com (Kevin Flanagan)
Date: Tue, 27 Jan 2009 19:42:13 -0500
Subject: [5-DayForum] Commercial Posting
In-Reply-To: <BLU122-W490A3185770CB29AB5A3F3B4C80@phx.gbl>
References: <cc7.4a8c3d4b.36b067a6@aol.com> <497F338C.9010107@effros.com>
	<BLU141-W165D237FF498A0CE9F4A42D2CB0@phx.gbl>
	<BAY135-W337C35EC7AF5043F32F5A2AECB0@phx.gbl>
	<8CB4EEB711DF4F1-984-5F5@webmail-md03.sysops.aol.com>
	<BLU141-W65AF7EFB7918193A9A695D2C80@phx.gbl>
	<BLU122-W490A3185770CB29AB5A3F3B4C80@phx.gbl>
Message-ID: <35771b640901271642o4b9ebb3dhc2be8196bfdb1e02@mail.gmail.com>

I agree with Kyle.  Let's all move on. We need to focus on more important
things.
Kevin

On Tue, Jan 27, 2009 at 7:26 PM, Kyle Cascioli <
real.estate.professor at hotmail.com> wrote:

> Can't we all just get along ...
>
> Kyle
> www.AuctionBySeller.com <http://www.auctionbyseller.com/>
>
>
> ------------------------------
>
> From: patricialone at hotmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tue, 27 Jan 2009 19:23:21 -0500
>
> Subject: Re: [5-DayForum] Commercial Posting
>
>
> *I wasn't going to respond to this, but I think I will, and I am trying to
> do this respectfully.
>
> I can not help but see all of the other posters who have also disagreed
> with, or not really applauded, your advertising your website here yet you
> single out J Crafor and myself?  ...and shall I mention the vastness of
> overeaction in your response to J Crafor as well?
>
> Again, I also can not help but wonder why you single out J Crafor and
> myself as the two people to call you to "discuss this as adults" when the
> others are taking the same position as well.
>
> Puzzled Patricia  *
> *Michigan, Conservator/Landlord/Seller
>
>            **"If you need help, ask God; If you don't, thank God."*
>
> ------------------------------
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tue, 27 Jan 2009 18:09:30 -0500
> From: signsreallywork at aol.com
> Subject: Re: [5-DayForum] Commercial Posting
>
> Dear J Crafor:
>
> What are you talking about!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
>
> I have been on this forum for approx 4 months, I am a student of the book,
> I have owned it for more than 3 years.
>
> What else do you want from me????????
>
>
> Solomon Petersen
> Miami,Fl
>
> I put food on my table with my web-site, I am a newbie investor that has
> been monitoring this site for some time now, learning.  I have spoken
> w/Carlos from Sky-High in Orlando re: investing before the holiday.
>
> I really HATE you fake people who try and throw stones from glass houses.
>
> What do you call it when "name-less" individuals make 10 to 15 postings a
> day on this site "under the guise" of helping, but magically they have a
> nice signature at the bottom of each post????(Is that spam)?????  When they
> are involved as Real Estate Agents, Mortgage Brokers, "Professors", etc...
>
> Get off of my back and get a life!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
>
> You do not have to participate in the offer.  I have acknowledged Bill's
> wishes and the rules as I know them will be followed...
>
>
> For you and Patricia, if you have anything else to say re: me or my site,
> please call me directly and lets discuss like adults and not "spam" this
> site....
>
> Solomon
>
> 305-970-7244
>
>
> -----Original Message-----
> From: j crafor <jcrafor at hotmail.com>
> To: 5-dayforum at mailman.how tosellyour home <
> 5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Tue, 27 Jan 2009 5:58 pm
> Subject: Re: [5-DayForum] Commercial Posting
>
> I agree with and second everything Patricia has already said.  "Solomon"
> still has not identified himself and his reason for being here even after
> Bill asked him, at least twice, to. These solicitations do NOT belong on
> this forum. If I want to advertise, people here have made suggestions
> several times, and have suggested googling for advertising venues, wherre
> such a site would show up.
> No, that does not belong here. Please keep it off.
> JCrafor
>
>
> ------------------------------
>
> From: patricialone at hotmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tue, 27 Jan 2009 11:31:37 -0500
> Subject: Re: [5-DayForum] Commercial Posting
>
>
> *Hi Bill... thanks for this post.< br>
> I think you know my position, I would prefer to not be bothered with these
> sorts of things in this Forum.  I am here to learn about your 5-Day Sale
> technique and gain support and confidence in myself.  I get enough spam mail
> as it is, I'd rather not come to a Forum and get bombarded with it here
> too.  Not that one message is bombarding, but I do see that long-term effect
> eventually, and perhaps maybe even sooner than I would initially think.
>
> If I want to find other resources to post advertisements at, I will start
> doing online searches to find sources for that and other whatnots.
>
> Thank you for asking...
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller
>
>            **"If you need help, ask God; If you don't, thank God."*
>
> ------------------------------
> Date: Tue, 27 Jan 2009 11:17:16 -0500
> From: bill at effros.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Commercial Posting
>
> Solomon,
>
> If you are soliciting for a profit making business on this Forum, please
> have the courtesy to identify yourself properly following your signature.
>
> Also, Always change the Subject line so unsuspecting members won't stumble
> into your promotion, thinking it's something else.
>
> Everybody Else,
>
> What do you think about this?  Solomon is soliciting for something that
> looks a lot like a paid version of Craigslist.  All of the free stuff on the
> Internet suffers from unstated rules.  You can't rely on Craigslist because
> somebody might knock your 5-Day Ad offline in the middle of a sale.
>
> But how about commercial posting in general?
>
> Are we for it, or against it?
>
> It can be both annoying and useful.
>
> I'm not asking if I should charge people to post commercial messages, I
> have no intention of charging for anything.  What I want to know is if we
> should allow potentially useful commercial posters to use this Forum to
> distribute information about their services.
>
> Comments welcome.
>
> Bill Effros
> List Administrator
>
>
>
> Signsreallywork at aol.com wrote:
>
> Dear Tom Hoffman:
>
>
> Thank you for the feedback about our new on-line classified site called
> www.some365.com , yes we do charge to post in most of the sections but not
> all of them.  The coverage areas vary per state and population, with that
> said we are willing to offer *free postings< /strong> to any registered
> member of this forum from now until the end of Feb. 2009.*
>
> We are willing to do this to curry favor with this forum and its members
> and prove our value.  All we ask in return is the member sign into the site
> with their email address, plus one friend's email address as well.  When
> they are ready to post the ad, please forward it to me directly:
> solomon at some365.com , I will do an admin override so the member will not
> be charged between now and the end of Feb. 2009.
>
> Thank you and please advise,
>
>
> Solomon
>
>  In a message dated 1/26/2009 11:32:32 P.M. Eastern Standard Time,
> tomhoffman at live.com writes:
>
> Howdy forum readers, FYI, I went to www.some365.com and found out the cost
> is $8.99 per ad.  I did not test an ad for respoonse as there are plenty of
> other sites for free and the coverage in colorado was not good.
> God bless and thanks for all of your contributions.
> Tom Hoffman
> Top Priority Realty, LLC
> Licensed in Coloradp
>
>
> ------------------------------
>
> From: patricialone at hotmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Mon, 26 Jan 2009 16:20:35 -0500
> Subject: [5-DayForum] Test
>
>
> *Hmmm, just checking to see if this is working... no messages yet today,
> so far, since Bill got this back online.
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller
>
>            **"If you need help, ask God; If you don't, thank God."*
>
> ------------------------------
> Windows Live? Hotmail(R):?more than just e-mail. Check it out.<http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t2_hm_justgotbetter_explore_012009>=
>
> _______________________________________________
> 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/100000075x1215855013x1201028747/aol?redir=http://www.freecreditreport.com/pm/default.aspx?sc=668072%26hmpgID=62%26bcd=DecemailfooterNO62>
> *
>
> ------------------------------
>
>
> _______________________________________________
>
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
> ------------------------------
> Windows Live? Hotmail(R)?more than just e-mail. See how it works.<http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t2_hm_justgotbetter_howitworks_012009>=
>
>
> _______________________________________________
>
> 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/100000075x1216817552x1201106465/aol?redir=http://www.freecreditreport.com/pm/default.aspx?sc=668072%26hmpgID=82%26bcd=DecemailfooterNO82>
> *
>
>  ------------------------------
> Hotmail(R) goes where you go. On a PC, on the Web, on your phone. See how.<http://www.windowslive-hotmail.com/learnmore/versatility.aspx#mobile?ocid=TXT_TAGHM_WL_HM_versatility_121208>
>
> _______________________________________________
> 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 Jan 28 09:13:34 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 28 Jan 2009 09:13:34 -0500
Subject: [5-DayForum] Commercial Posting
In-Reply-To: <BLU122-W20744EFF073F678FCA1B6AB4CB0@phx.gbl>
References: <cc7.4a8c3d4b.36b067a6@aol.com> <497F338C.9010107@effros.com>
	<BLU122-W20744EFF073F678FCA1B6AB4CB0@phx.gbl>
Message-ID: <4980680E.2060303@effros.com>

Thanks to all who have participated in this thread, your responses have 
been very helpful to me.

This is an extremely large distributed email list with many participants 
who remain only for a few months, while a core group remains to answer 
essentially the same questions over and over.

The experience level of participants is as wide as can be imagined.

I think we have settled into Kyle's suggestion which follows my comments.

Commercial posters are welcome, and they are welcome to mention what 
they have for sale provided it is in response to a question.

Commercial posters should identify themselves to the list when they 
join, so everyone understands they have a dog in the hunt.

Commercial posters should always identify themselves.  A link to a 
website like the one Kyle provides under his signature is perfect.

I hope Kyle and every other regular will help me enforce these 
standards.  It takes too much time to police this list alone--you've got 
to help.

I will try to keep the rules clear, with the understanding that no one 
will read them all before joining, and that we as a community can 
include new people without hurting their feelings, or having them hurt ours.

Bill Effros
List Administrator



Kyle Cascioli wrote:
> Hi Bill:
>  
> In my opinion it's okay as long as the commercial poster is offering a 
> response to a question in which their service may help.
>  
> If they are just going to randomly (obnoxiously) post solicitations 
> and are not responding appropriately to another post on the Forum, 
> then they should be reprimanded.
>  
> You could possibly set up an index on the Forum for people to search 
> for 5 Day Sale vendor support services, but they shouldn't be allowed 
> to solicit offers on the Forum unless it is in response to a specific 
> posting requesting help, advice, or posing a hypothetical questions as 
> nearly all Forum participants do.
>  
> Best to all,
>  
> Kyle Cascioli
> www.AuctionBySeller.com <http://www.AuctionBySeller.com>
>
>
> ------------------------------------------------------------------------
>
> Date: Tue, 27 Jan 2009 11:17:16 -0500
> From: bill at effros.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Commercial Posting
>
> Solomon,
>
> If you are soliciting for a profit making business on this Forum, 
> please have the courtesy to identify yourself properly following your 
> signature.
>
> Also, Always change the Subject line so unsuspecting members won't 
> stumble into your promotion, thinking it's something else.
>
> Everybody Else,
>
> What do you think about this?  Solomon is soliciting for something 
> that looks a lot like a paid version of Craigslist.  All of the free 
> stuff on the Internet suffers from unstated rules.  You can't rely on 
> Craigslist because somebody might knock your 5-Day Ad offline in the 
> middle of a sale.
>
> But how about commercial posting in general?
>
> Are we for it, or against it?
>
> It can be both annoying and useful.
>
> I'm not asking if I should charge people to post commercial messages, 
> I have no intention of charging for anything.  What I want to know is 
> if we should allow potentially useful commercial posters to use this 
> Forum to distribute information about their services.
>
> Comments welcome.
>
> Bill Effros
> List Administrator
>
>
>
> Signsreallywork at aol.com <mailto:Signsreallywork at aol.com> wrote:
>
>     Dear Tom Hoffman:
>      
>      
>     Thank you for the feedback about our new on-line classified site
>     called www.some365.com <http://www.some365.com/> , yes we do
>     charge to post in most of the sections but not all of them.  The
>     coverage areas vary per state and population, with that said we
>     are willing to offer */_free postings_/* to any registered member
>     of this forum from now until the end of Feb. 2009.
>      
>     We are willing to do this to curry favor with this forum and its
>     members and prove our value.  All we ask in return is the member
>     sign into the site with their email address, plus one friend's
>     email address as well.  When they are ready to post the ad, please
>     forward it to me directly: solomon at some365.com
>     <mailto:solomon at some365.com> , I will do an admin override so the
>     member will not be charged between now and the end of Feb. 2009.
>      
>     Thank you and please advise,
>      
>      
>     Solomon
>      
>     In a message dated 1/26/2009 11:32:32 P.M. Eastern Standard Time,
>     tomhoffman at live.com <mailto:tomhoffman at live.com> writes:
>
>         Howdy forum readers, FYI, I went to www.some365.com
>         <http://www.some365.com/> and found out the cost is $8.99 per
>         ad.  I did not test an ad for respoonse as there are plenty of
>         other sites for free and the coverage in colorado was not good.
>         God bless and thanks for all of your contributions.
>         Tom Hoffman
>         Top Priority Realty, LLC
>         Licensed in Coloradp
>
>
>         ------------------------------------------------------------------------
>
>         From: patricialone at hotmail.com <mailto:patricialone at hotmail.com>
>         To: 5-dayforum at mailman.howtosellyourhomein5days.com
>         <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>
>         Date: Mon, 26 Jan 2009 16:20:35 -0500
>         Subject: [5-DayForum] Test
>
>
>         *Hmmm, just checking to see if this is working... no messages
>         yet today, so far, since Bill got this back online.
>
>         Patricia  *
>         *Michigan, Conservator/Landlord/Seller
>
>                    **"If you need help, ask God; If you don't, thank
>         God."*
>
>
>         ------------------------------------------------------------------------
>         Windows Live? Hotmail?:?more than just e-mail. Check it out.
>         <http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t2_hm_justgotbetter_explore_012009>
>         =
>
>         _______________________________________________
>         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
>
>
>     ------------------------------------------------------------------------
>     *A Good Credit Score is 700 or Above. See yours in just 2 easy
>     steps!
>     <http://pr.atwola.com/promoclk/100000075x1215855013x1201028747/aol?redir=http://www.freecreditreport.com/pm/default.aspx?sc=668072%26hmpgID=62%26bcd=DecemailfooterNO62>*
>
>
>     ------------------------------------------------------------------------
>
>     _______________________________________________
>     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
>       
>
>
> ------------------------------------------------------------------------
> Windows Live?: E-mail. Chat. Share. Get more ways to connect. See how 
> it works. 
> <http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t2_allup_howitworks_012009> 
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From patricialone at hotmail.com  Wed Jan 28 09:31:54 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Wed, 28 Jan 2009 09:31:54 -0500
Subject: [5-DayForum] Commercial Posting
In-Reply-To: <4980680E.2060303@effros.com>
References: <cc7.4a8c3d4b.36b067a6@aol.com> <497F338C.9010107@effros.com>
	<BLU122-W20744EFF073F678FCA1B6AB4CB0@phx.gbl>
	<4980680E.2060303@effros.com>
Message-ID: <BLU141-W4456FA88859EF0498C4782D2C80@phx.gbl>


Hi Bill, and thanks.  I totally agree with "A link to a website like the one Kyle provides under his signature is perfect."  Anything more than that and I am sure I will find myself quite nauseated before long.  I just know how incessant these people can become at times, not saying that the one we all know of on this list would do that.  Hopefully the link under the name will be provided (as well as the other identifications Bill asks the person to incorporate into their messages) will suffice for all purposes.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Date: Wed, 28 Jan 2009 09:13:34 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Commercial PostingThanks to all who have participated in this thread, your responses have been very helpful to me.This is an extremely large distributed email list with many participants who remain only for a few months, while a core group remains to answer essentially the same questions over and over.The experience level of participants is as wide as can be imagined.I think we have settled into Kyle's suggestion which follows my comments.Commercial posters are welcome, and they are welcome to mention what they have for sale provided it is in response to a question.Commercial posters should identify themselves to the list when they join, so everyone understands they have a dog in the hunt.Commercial posters should always identify themselves.  A link to a website like the one Kyle provides under his signature is perfect.I hope Kyle and every other regular will help me enforce these standards.  It takes too much time to police this list alone--you've got to help.I will try to keep the rules clear, with the understanding that no one will read them all before joining, and that we as a community can include new people without hurting their feelings, or having them hurt ours.Bill EffrosList AdministratorKyle Cascioli wrote: 


Hi Bill: In my opinion it's okay as long as the commercial poster is offering a response to a question in which their service may help. If they are just going to randomly (obnoxiously) post solicitations and are not responding appropriately to another post on the Forum, then they should be reprimanded. You could possibly set up an index on the Forum for people to search for 5 Day Sale vendor support services, but they shouldn't be allowed to solicit offers on the Forum unless it is in response to a specific posting requesting help, advice, or posing a hypothetical questions as nearly all Forum participants do. Best to all,  Kyle Cascioliwww.AuctionBySeller.com 

Date: Tue, 27 Jan 2009 11:17:16 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] Commercial PostingSolomon,If you are soliciting for a profit making business on this Forum, please have the courtesy to identify yourself properly following your signature.Also, Always change the Subject line so unsuspecting members won't stumble into your promotion, thinking it's something else.Everybody Else,What do you think about this?  Solomon is soliciting for something that looks a lot like a paid version of Craigslist.  All of the free stuff on the Internet suffers from unstated rules.  You can't rely on Craigslist because somebody might knock your 5-Day Ad offline in the middle of a sale.But how about commercial posting in general?Are we for it, or against it?It can be both annoying and useful.I'm not asking if I should charge people to post commercial messages, I have no intention of charging for anything.  What I want to know is if we should allow potentially useful commercial posters to use this Forum to distribute information about their services.Comments welcome.Bill EffrosList AdministratorSignsreallywork at aol.com wrote: 

Dear Tom Hoffman:
 
 
Thank you for the feedback about our new on-line classified site called www.some365.com , yes we do charge to post in most of the sections but not all of them.  The coverage areas vary per state and population, with that said we are willing to offer free postings to any registered member of this forum from now until the end of Feb. 2009.
 
We are willing to do this to curry favor with this forum and its members and prove our value.  All we ask in return is the member sign into the site with their email address, plus one friend's email address as well.  When they are ready to post the ad, please forward it to me directly: solomon at some365.com , I will do an admin override so the member will not be charged between now and the end of Feb. 2009.
 
Thank you and please advise,
 
 
Solomon
 

In a message dated 1/26/2009 11:32:32 P.M. Eastern Standard Time, tomhoffman at live.com writes:
Howdy forum readers, FYI, I went to www.some365.com and found out the cost is $8.99 per ad.  I did not test an ad for respoonse as there are plenty of other sites for free and the coverage in colorado was not good.God bless and thanks for all of your contributions.Tom HoffmanTop Priority Realty, LLCLicensed in Coloradp

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Mon, 26 Jan 2009 16:20:35 -0500Subject: [5-DayForum] Test


Hmmm, just checking to see if this is working... no messages yet today, so far, since Bill got this back online.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Windows Live? Hotmail?:?more than just e-mail. Check it out. =_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

A Good Credit Score is 700 or Above. See yours in just 2 easy steps! 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  

Windows Live?: E-mail. Chat. Share. Get more ways to connect. See how it works. 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  
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From signsreallywork at aol.com  Wed Jan 28 09:48:18 2009
From: signsreallywork at aol.com (signsreallywork at aol.com)
Date: Wed, 28 Jan 2009 14:48:18 +0000
Subject: [5-DayForum] Commercial Posting Response
In-Reply-To: <BLU141-W4456FA88859EF0498C4782D2C80@phx.gbl>
References: <cc7.4a8c3d4b.36b067a6@aol.com>
	<497F338C.9010107@effros.com><BLU122-W20744EFF073F678FCA1B6AB4CB0@phx.gbl><4980680E.2060303@effros.com><BLU141-W4456FA88859EF0498C4782D2C80@phx.gbl>
Message-ID: <87751270-1233154086-cardhu_decombobulator_blackberry.rim.net-981711053-@bxe196.bisx.prod.on.blackberry>

To Bill and the Forum, 

As I have stated in previous posts, I am here to help, w/that said, I/we at www.some365.com will respect all rules stated. In fact I would suggest a commercial posting templete of some sort just to reduce any future mis-understandings. Thank you,

Solomon Petersen
Miami, Fl
www.some365.com

Sent from my BlackBerry? smartphone with SprintSpeed

-----Original Message-----
From: Patricia Lone <patricialone at hotmail.com>

Date: Wed, 28 Jan 2009 09:31:54 
To: 5-Day Forum<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: Re: [5-DayForum] Commercial Posting


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



From bill at effros.com  Wed Jan 28 09:56:27 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 28 Jan 2009 09:56:27 -0500
Subject: [5-DayForum] List Mechanics: How To Reduce 5-Day Forum Volume
Message-ID: <4980721B.7090809@effros.com>

This list is likely to start generating an overwhelming amount of email 
as the Spring home selling season approaches.

Protect yourself!

You can do this on my end by switching to either digest or vacation mode.

or

You can do this on your end by employing "filters" built into your email 
program which will send all email from this Forum into dedicated folders 
where you can quickly deal with it.

There is no need to wade through everything posted to the list every day 
unless you choose to do so, although this may be useful for newbies who 
stay on the list for only a short time.

Bill Effros
List Administrator






From bill at effros.com  Wed Jan 28 10:01:24 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 28 Jan 2009 10:01:24 -0500
Subject: [5-DayForum] Commercial Posting Response
In-Reply-To: <87751270-1233154086-cardhu_decombobulator_blackberry.rim.net-981711053-@bxe196.bisx.prod.on.blackberry>
References: <cc7.4a8c3d4b.36b067a6@aol.com>	<497F338C.9010107@effros.com><BLU122-W20744EFF073F678FCA1B6AB4CB0@phx.gbl><4980680E.2060303@effros.com><BLU141-W4456FA88859EF0498C4782D2C80@phx.gbl>
	<87751270-1233154086-cardhu_decombobulator_blackberry.rim.net-981711053-@bxe196.bisx.prod.on.blackberry>
Message-ID: <49807344.9040903@effros.com>

Thank you Solomon,

This is fine, and there was no misunderstanding.  We didn't have a 
rule.  Now we do.  When people first come on the list there is no way to 
get anyone to read all our rules, conventions, and understandings.

Let's all try to just gently bring newbies into the fold.  I can't do it 
by myself, I need everyone, including you, to guide others into the way 
we have all agreed to conduct ourselves.

Thanks for bringing this up and staying with it, we are all better off 
thanks to your input,

Bill Effros
List Administrator




signsreallywork at aol.com wrote:
> To Bill and the Forum, 
>
> As I have stated in previous posts, I am here to help, w/that said, I/we at www.some365.com will respect all rules stated. In fact I would suggest a commercial posting templete of some sort just to reduce any future mis-understandings. Thank you,
>
> Solomon Petersen
> Miami, Fl
> www.some365.com
>
> Sent from my BlackBerry? smartphone with SprintSpeed
>
> -----Original Message-----
> From: Patricia Lone <patricialone at hotmail.com>
>
> Date: Wed, 28 Jan 2009 09:31:54 
> To: 5-Day Forum<5-dayforum at mailman.howtosellyourhomein5days.com>
> Subject: Re: [5-DayForum] Commercial Posting
>
>
> _______________________________________________
> 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 cbrinkmanii at cox.net  Wed Jan 28 09:58:26 2009
From: cbrinkmanii at cox.net (Chuck Brinkman)
Date: Wed, 28 Jan 2009 09:58:26 -0500
Subject: [5-DayForum] New seller
Message-ID: <025401c98158$dfce3c70$9f6ab550$@net>

Hello everyone, 

I am an investor in Hampton Roads, Virginia. Over the past 5 years I have
bought and sold over 100 homes. The purchases were mostly preforeclosure and
the sales were traditional MLS listings.  I am down to my last 40 houses
(that I purchased and have been renting ) and am trying to sell as many of
them as possible. 12 are currently either on the market or about to go on
the market. I am excited to try this method as a supplement to the other
marketing we do. My question has to do with cross selling the people who
have expressed interest in an  auction. 

1.       Has anyone had success staying in contact with people from one
auction and involving them in a later auction? Some of our properties are
located closely in both proximity and market value so cross selling seems
natural.

2.       If you directly contact some of those people to attend a later
auction, are you skewing your numbers to consider them as part of the
necessary 25 to get a statistically valid sample?

 

Because we need to sell homes fast, and because this weekend has some big
sporting event going on, my associate and I are going to run two auctions
independently and simultaneously the first week in February. So it should be
a wild week, next week!

I appreciate any input you deem relevant. 

 

Chuck Brinkman

www.chucksinvesting.com          

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From bill at effros.com  Wed Jan 28 10:23:35 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 28 Jan 2009 10:23:35 -0500
Subject: [5-DayForum] List Mechanics: Please Join the List if You Wish to
	Post
Message-ID: <49807877.1040606@effros.com>

You can see every email ever posted to the list by visiting

http://www.howtosellyourhomein5days.com/5-day.cgim?template=forum

New emails appear at the bottom of the window as soon as they are posted. 

You can sort email by author; subject; and date.

If you wish to post to the Forum you must first join.

The first time you post as a member, your email must be cleared by the 
List Administrator, so there is a delay.

Subsequently, you will be able to post directly to the list.

To Quickly Subscribe, use the "Express Subscription" at the top of this 
page:

http://www.howtosellyourhomein5days.com/5-day.cgim?template=forum

Once you are a member of the 5-Day Forum you can alter your subscription 
to suit your needs.

WHEN YOU WANT TO UNSUBSCRIBE YOU MUST DO IT FOR YOURSELF!

Simply go back to the subscription page and unsubscribe.  That's all 
there is to it.

Bill Effros
List Administrator




From flyingnutjob at gmail.com  Wed Jan 28 10:28:30 2009
From: flyingnutjob at gmail.com (Dutch Revenboer)
Date: Wed, 28 Jan 2009 09:28:30 -0600
Subject: [5-DayForum] New seller
In-Reply-To: <025401c98158$dfce3c70$9f6ab550$@net>
References: <025401c98158$dfce3c70$9f6ab550$@net>
Message-ID: <d2b697900901280728ta1253e2p779a63b6745fe539@mail.gmail.com>

what sporting event?  :-)

Dutch Revenboer

Broker Associate
Metro Brokers of Oklahoma
www.DreamHomesOKC.com
405-590-6563

We Buy Houses - www.OKCash4Homes.com

We Help Stop Foreclosure - www.OKHomesavers.com

We Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No
Credit, Bad Credit OK - www.BuySellRentHouses.com


On Wed, Jan 28, 2009 at 8:58 AM, Chuck Brinkman <cbrinkmanii at cox.net> wrote:

>  Hello everyone,
>
> I am an investor in Hampton Roads, Virginia. Over the past 5 years I have
> bought and sold over 100 homes. The purchases were mostly preforeclosure and
> the sales were traditional MLS listings.  I am down to my last 40 houses
> (that I purchased and have been renting ) and am trying to sell as many of
> them as possible. 12 are currently either on the market or about to go on
> the market. I am excited to try this method as a supplement to the other
> marketing we do. My question has to do with cross selling the people who
> have expressed interest in an  auction.
>
> 1.       Has anyone had success staying in contact with people from one
> auction and involving them in a later auction? Some of our properties are
> located closely in both proximity and market value so cross selling seems
> natural.
>
> 2.       If you directly contact some of those people to attend a later
> auction, are you skewing your numbers to consider them as part of the
> necessary 25 to get a statistically valid sample?
>
>
>
> Because we need to sell homes fast, and because this weekend has some big
> sporting event going on, my associate and I are going to run two auctions
> independently and simultaneously the first week in February. So it should be
> a wild week, next week!
>
> I appreciate any input you deem relevant.
>
>
>
> Chuck Brinkman
>
> www.chucksinvesting.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 c519512c at hotmail.com  Wed Jan 28 11:31:23 2009
From: c519512c at hotmail.com (kenneth dilkes)
Date: Wed, 28 Jan 2009 11:31:23 -0500
Subject: [5-DayForum] Commercial Posting
In-Reply-To: <497F338C.9010107@effros.com>
References: <cc7.4a8c3d4b.36b067a6@aol.com> <497F338C.9010107@effros.com>
Message-ID: <SNT101-W18369E35AC33416F646142C4C80@phx.gbl>


newbies who are attempting a 5-day sale for the first time are generally confused, and from what i have gleaned from the fourm to date, is that any offer of help is/has been just that, a genuine offer of related experiences which could possibly smooth the "5-day" event...to me, it's what makes the forum the forum, people helping people...so a shark enters the waters, it was bound to happen, what to do...i say, let them swim...just as tom "flagged" 365, there are enough vigilant contributors to the forum that "for profit" postings will be quickly recognized and noted, leaving the "use" decision up to the individual

Date: Tue, 27 Jan 2009 11:17:16 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] Commercial PostingSolomon,If you are soliciting for a profit making business on this Forum, please have the courtesy to identify yourself properly following your signature.Also, Always change the Subject line so unsuspecting members won't stumble into your promotion, thinking it's something else.Everybody Else,What do you think about this?  Solomon is soliciting for something that looks a lot like a paid version of Craigslist.  All of the free stuff on the Internet suffers from unstated rules.  You can't rely on Craigslist because somebody might knock your 5-Day Ad offline in the middle of a sale.But how about commercial posting in general?Are we for it, or against it?It can be both annoying and useful.I'm not asking if I should charge people to post commercial messages, I have no intention of charging for anything.  What I want to know is if we should allow potentially useful commercial posters to use this Forum to distribute information about their services.Comments welcome.Bill EffrosList AdministratorSignsreallywork at aol.com wrote: 

Dear Tom Hoffman:
 
 
Thank you for the feedback about our new on-line classified site called www.some365.com , yes we do charge to post in most of the sections but not all of them.  The coverage areas vary per state and population, with that said we are willing to offer free postings to any registered member of this forum from now until the end of Feb. 2009.
 
We are willing to do this to curry favor with this forum and its members and prove our value.  All we ask in return is the member sign into the site with their email address, plus one friend's email address as well.  When they are ready to post the ad, please forward it to me directly: solomon at some365.com , I will do an admin override so the member will not be charged between now and the end of Feb. 2009.
 
Thank you and please advise,
 
 
Solomon
 

In a message dated 1/26/2009 11:32:32 P.M. Eastern Standard Time, tomhoffman at live.com writes:
Howdy forum readers, FYI, I went to www.some365.com and found out the cost is $8.99 per ad.  I did not test an ad for respoonse as there are plenty of other sites for free and the coverage in colorado was not good.God bless and thanks for all of your contributions.Tom HoffmanTop Priority Realty, LLCLicensed in Coloradp

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Mon, 26 Jan 2009 16:20:35 -0500Subject: [5-DayForum] Test


Hmmm, just checking to see if this is working... no messages yet today, so far, since Bill got this back online.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Windows Live? Hotmail?:?more than just e-mail. Check it out. =_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

A Good Credit Score is 700 or Above. See yours in just 2 easy steps! 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  
_________________________________________________________________
Windows Live? Hotmail??more than just e-mail. 
http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t2_hm_justgotbetter_howitworks_012009
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From bill at effros.com  Wed Jan 28 11:41:00 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 28 Jan 2009 11:41:00 -0500
Subject: [5-DayForum] Arizona
In-Reply-To: <019201c980ab$419a1630$6601a8c0@Jeanne>
References: <b37ae1760901251551s6f18a66dh69f928d62f9be0dc@mail.gmail.com>	<d2b697900901261436n422fa026m7e29d872ef4a5c32@mail.gmail.com><A446C71D791B4464B6166B9EA3299523@NSKHome><497E4BA9.20106@effros.com>	<7273D79626794D209B04D7FED01D0683@NSKHome>
	<019201c980ab$419a1630$6601a8c0@Jeanne>
Message-ID: <49808A9C.9030102@effros.com>

J,

There are places where homes will never be lived in again.  If you are 
trying to sell a home in one of those places, (and Phoenix has a number 
of them) the faster you run a 5-Day Sale, the better.

Place an ad in Craigslist on the Wednesday after the Super Bowl.  Price 
the home at 50% of what you think it's currently worth, dropped down to 
a magic number.  If you don't get several responses by Wednesday night, 
your home is currently worth less than you think. There is no reason to 
"go through with it" if you can't possibly arrive at a selling price you 
can live with.

Placing more ads won't change the market--don't throw good money after 
bad.  For most people in this situation the best resolution is giving 
the home back to the bank and rebuilding your finances.

There are plenty of rentals available at prices that will allow you to 
save for the future.  If you buy another home after prices fall still 
further (and they must) it is better for you than holding onto your home 
as prices fall.

The 5-Day Method will let you know what to do in less than 5 days.

Bill Effros
Author



jlamont wrote:
> I am new to the forum and planning a sale in 5 weeks in Phoenix AZ. I 
> sold my last home in 2005 using the 5 day method and had great 
> success. There are no small local papers in which to advertize and 
> when I used a for sale by owner website for my 2005 sale I had 
> literally no response. I have been checking the Phoenix paper on 
> Sundays for the real estate section and see literally only a handful 
> of ads that are not ads for auctions of multiple homes in forclosure. 
> I am wondering if anyone is familiar with Phoenix and has suggestions 
> for where else to place ads.Thanks, J
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From signsreallywork at aol.com  Wed Jan 28 11:46:17 2009
From: signsreallywork at aol.com (signsreallywork at aol.com)
Date: Wed, 28 Jan 2009 16:46:17 +0000
Subject: [5-DayForum] Commercial Posting Response
In-Reply-To: <SNT101-W18369E35AC33416F646142C4C80@phx.gbl>
References: <cc7.4a8c3d4b.36b067a6@aol.com>
	<497F338C.9010107@effros.com><SNT101-W18369E35AC33416F646142C4C80@phx.gbl>
Message-ID: <1222737282-1233161166-cardhu_decombobulator_blackberry.rim.net-763874126-@bxe196.bisx.prod.on.blackberry>

Dear Kenneth and any other "Kenneth like people"

This matter has been resolved, and I take great offense to being labled a "shark" "spammer" or anything else.

Let it go, once and for all, it is resolved!!!!!!!!!!!

Bill, has written me personaly and confirmed. 

Since you have so much time on your hands, why not help the newbies with their sale? Your energy would be better served!

Solomon Petersen
Miami, Fl
www.some365.com
Sent from my BlackBerry? smartphone with SprintSpeed

-----Original Message-----
From: kenneth dilkes <c519512c at hotmail.com>

Date: Wed, 28 Jan 2009 11:31:23 
To: 5-day<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: Re: [5-DayForum] Commercial Posting


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



From c519512c at hotmail.com  Wed Jan 28 12:11:25 2009
From: c519512c at hotmail.com (kenneth dilkes)
Date: Wed, 28 Jan 2009 12:11:25 -0500
Subject: [5-DayForum] Commercial Posting Response
In-Reply-To: <1222737282-1233161166-cardhu_decombobulator_blackberry.rim.net-763874126-@bxe196.bisx.prod.on.blackberry>
References: <cc7.4a8c3d4b.36b067a6@aol.com>
	<497F338C.9010107@effros.com><SNT101-W18369E35AC33416F646142C4C80@phx.gbl>
	<1222737282-1233161166-cardhu_decombobulator_blackberry.rim.net-763874126-@bxe196.bisx.prod.on.blackberry>
Message-ID: <SNT101-W26779EDBAF1217149E37ACC4C80@phx.gbl>


a shark by any other name is still...> To: 5-dayforum at mailman.howtosellyourhomein5days.com> From: signsreallywork at aol.com> Date: Wed, 28 Jan 2009 16:46:17 +0000> Subject: Re: [5-DayForum] Commercial Posting Response> > Dear Kenneth and any other "Kenneth like people"> > This matter has been resolved, and I take great offense to being labled a "shark" "spammer" or anything else.> > Let it go, once and for all, it is resolved!!!!!!!!!!!> > Bill, has written me personaly and confirmed. > > Since you have so much time on your hands, why not help the newbies with their sale? Your energy would be better served!> > Solomon Petersen> Miami, Fl> www.some365.com> Sent from my BlackBerry? smartphone with SprintSpeed> > -----Original Message-----> From: kenneth dilkes <c519512c at hotmail.com>> > Date: Wed, 28 Jan 2009 11:31:23 > To: 5-day<5-dayforum at mailman.howtosellyourhomein5days.com>> Subject: Re: [5-DayForum] Commercial Posting> > > _______________________________________________> 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
_________________________________________________________________
Windows Live?: E-mail. Chat. Share. Get more ways to connect. 
http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t2_allup_howitworks_012009
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From bill at effros.com  Wed Jan 28 12:16:50 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 28 Jan 2009 12:16:50 -0500
Subject: [5-DayForum] List Administration: Flaming
In-Reply-To: <SNT101-W26779EDBAF1217149E37ACC4C80@phx.gbl>
References: <cc7.4a8c3d4b.36b067a6@aol.com>	<497F338C.9010107@effros.com><SNT101-W18369E35AC33416F646142C4C80@phx.gbl>	<1222737282-1233161166-cardhu_decombobulator_blackberry.rim.net-763874126-@bxe196.bisx.prod.on.blackberry>
	<SNT101-W26779EDBAF1217149E37ACC4C80@phx.gbl>
Message-ID: <49809302.9020902@effros.com>

Insulting other people and calling people names is considered "Flaming" 
in Geek-Speak.

Let's try to avoid it.

Bill Effros
List Administrator






From armymom13 at yahoo.com  Wed Jan 28 12:14:47 2009
From: armymom13 at yahoo.com (Sharon)
Date: Wed, 28 Jan 2009 09:14:47 -0800 (PST)
Subject: [5-DayForum] Commercial Posting Response
In-Reply-To: <SNT101-W26779EDBAF1217149E37ACC4C80@phx.gbl>
Message-ID: <143310.27336.qm@web57307.mail.re1.yahoo.com>

Let's be nice.... this bickering is unprofessional... 




?
?

--- On Wed, 1/28/09, kenneth dilkes <c519512c at hotmail.com> wrote:

From: kenneth dilkes <c519512c at hotmail.com>
Subject: Re: [5-DayForum] Commercial Posting Response
To: "5-day" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Wednesday, January 28, 2009, 12:11 PM




#yiv1369288876 .hmmessage P
{
margin:0px;padding:0px;}
#yiv1369288876 {
font-size:10pt;font-family:Verdana;}

a shark by any other name is still...

> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> From: signsreallywork at aol.com
> Date: Wed, 28 Jan 2009 16:46:17 +0000
> Subject: Re: [5-DayForum] Commercial Posting Response
> 
> Dear Kenneth and any other "Kenneth like people"
> 
> This matter has been resolved, and I take great offense to being labled a "shark" "spammer" or anything else.
> 
> Let it go, once and for all, it is resolved!!!!!!!!!!!
> 
> Bill, has written me personaly and confirmed. 
> 
> Since you have so much time on your hands, why not help the newbies with their sale? Your energy would be better served!
> 
> Solomon Petersen
> Miami, Fl
> www.some365.com
> Sent from my BlackBerry? smartphone with SprintSpeed
> 
> -----Original Message-----
> From: kenneth dilkes <c519512c at hotmail.com>
> 
> Date: Wed, 28 Jan 2009 11:31:23 
> To: 5-day<5-dayforum at mailman.howtosellyourhomein5days.com>
> Subject: Re: [5-DayForum] Commercial Posting
> 
> 
> _______________________________________________
> 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



Windows Live?: E-mail. Chat. Share. Get more ways to connect. See how it works. _______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



      
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From tomhoffman at live.com  Wed Jan 28 13:33:44 2009
From: tomhoffman at live.com (Tom Hoffman)
Date: Wed, 28 Jan 2009 11:33:44 -0700
Subject: [5-DayForum] Commercial Posting
In-Reply-To: <BLU141-W4456FA88859EF0498C4782D2C80@phx.gbl>
References: <cc7.4a8c3d4b.36b067a6@aol.com> <497F338C.9010107@effros.com>
	<BLU122-W20744EFF073F678FCA1B6AB4CB0@phx.gbl>
	<4980680E.2060303@effros.com> 
	<BLU141-W4456FA88859EF0498C4782D2C80@phx.gbl>
Message-ID: <BLU135-W27877824E9235572A795AB0C80@phx.gbl>


Thanks Bill, Kyle, Patricia, Solomon and all others. I have learned a great deal from the forum and just wanted to report what I found on a certain site. I do certainly agree with what has been suggested.
Thanks again to all.
Tom Hoffman-Broker/Owner
Top Priority Realty, LLC
Licensed in Colorado



From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Wed, 28 Jan 2009 09:31:54 -0500Subject: Re: [5-DayForum] Commercial Posting


Hi Bill, and thanks.  I totally agree with "A link to a website like the one Kyle provides under his signature is perfect."  Anything more than that and I am sure I will find myself quite nauseated before long.  I just know how incessant these people can become at times, not saying that the one we all know of on this list would do that.  Hopefully the link under the name will be provided (as well as the other identifications Bill asks the person to incorporate into their messages) will suffice for all purposes.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Date: Wed, 28 Jan 2009 09:13:34 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Commercial PostingThanks to all who have participated in this thread, your responses have been very helpful to me.This is an extremely large distributed email list with many participants who remain only for a few months, while a core group remains to answer essentially the same questions over and over.The experience level of participants is as wide as can be imagined.I think we have settled into Kyle's suggestion which follows my comments.Commercial posters are welcome, and they are welcome to mention what they have for sale provided it is in response to a question.Commercial posters should identify themselves to the list when they join, so everyone understands they have a dog in the hunt.Commercial posters should always identify themselves.  A link to a website like the one Kyle provides under his signature is perfect.I hope Kyle and every other regular will help me enforce these standards.  It takes too much time to police this list alone--you've got to help.I will try to keep the rules clear, with the understanding that no one will read them all before joining, and that we as a community can include new people without hurting their feelings, or having them hurt ours.Bill EffrosList AdministratorKyle Cascioli wrote: 


Hi Bill: In my opinion it's okay as long as the commercial poster is offering a response to a question in which their service may help. If they are just going to randomly (obnoxiously) post solicitations and are not responding appropriately to another post on the Forum, then they should be reprimanded. You could possibly set up an index on the Forum for people to search for 5 Day Sale vendor support services, but they shouldn't be allowed to solicit offers on the Forum unless it is in response to a specific posting requesting help, advice, or posing a hypothetical questions as nearly all Forum participants do. Best to all,  Kyle Cascioliwww.AuctionBySeller.com 

Date: Tue, 27 Jan 2009 11:17:16 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: [5-DayForum] Commercial PostingSolomon,If you are soliciting for a profit making business on this Forum, please have the courtesy to identify yourself properly following your signature.Also, Always change the Subject line so unsuspecting members won't stumble into your promotion, thinking it's something else.Everybody Else,What do you think about this?  Solomon is soliciting for something that looks a lot like a paid version of Craigslist.  All of the free stuff on the Internet suffers from unstated rules.  You can't rely on Craigslist because somebody might knock your 5-Day Ad offline in the middle of a sale.But how about commercial posting in general?Are we for it, or against it?It can be both annoying and useful.I'm not asking if I should charge people to post commercial messages, I have no intention of charging for anything.  What I want to know is if we should allow potentially useful commercial posters to use this Forum to distribute information about their services.Comments welcome.Bill EffrosList AdministratorSignsreallywork at aol.com wrote: 

Dear Tom Hoffman:
 
 
Thank you for the feedback about our new on-line classified site called www.some365.com , yes we do charge to post in most of the sections but not all of them.  The coverage areas vary per state and population, with that said we are willing to offer free postings to any registered member of this forum from now until the end of Feb. 2009.
 
We are willing to do this to curry favor with this forum and its members and prove our value.  All we ask in return is the member sign into the site with their email address, plus one friend's email address as well.  When they are ready to post the ad, please forward it to me directly: solomon at some365.com , I will do an admin override so the member will not be charged between now and the end of Feb. 2009.
 
Thank you and please advise,
 
 
Solomon
 

In a message dated 1/26/2009 11:32:32 P.M. Eastern Standard Time, tomhoffman at live.com writes:
Howdy forum readers, FYI, I went to www.some365.com and found out the cost is $8.99 per ad.  I did not test an ad for respoonse as there are plenty of other sites for free and the coverage in colorado was not good.God bless and thanks for all of your contributions.Tom HoffmanTop Priority Realty, LLCLicensed in Coloradp

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Mon, 26 Jan 2009 16:20:35 -0500Subject: [5-DayForum] Test


Hmmm, just checking to see if this is working... no messages yet today, so far, since Bill got this back online.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Windows Live? Hotmail?:?more than just e-mail. Check it out. =_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

A Good Credit Score is 700 or Above. See yours in just 2 easy steps! 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  

Windows Live?: E-mail. Chat. Share. Get more ways to connect. See how it works. 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  
_________________________________________________________________
Hotmail? goes where you go. On a PC, on the Web, on your phone. 
http://www.windowslive-hotmail.com/learnmore/versatility.aspx#mobile?ocid=TXT_TAGHM_WL_HM_versatility_121208 
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From e5moorman at gmail.com  Wed Jan 28 15:51:06 2009
From: e5moorman at gmail.com (Eric Moorman)
Date: Wed, 28 Jan 2009 14:51:06 -0600
Subject: [5-DayForum] 4 Calls by Friday Night
Message-ID: <b37ae1760901281251i7e2a58ffh689d2d4aa72cc198@mail.gmail.com>

First of all, I would like to thank everyone who has given insight on how to
best sell our home.  We are assisting a builder on running a 5 day sale, and
have committed to the builder/homeowner to re-run the 5 day sale.  We are
going to lower the price in our add from $149,500 to $99,500 in hopes to
attract more interest.  We plan on running the sale the weekend after the
super bowl and we will definitely keep everyone on the forum posted as to
how the sale goes.  We appreciate any and all advice!  Best of luck to
everyone out there trying to sell a home in these tough conditions!  Bill
Moorman
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From bill at effros.com  Wed Jan 28 17:03:29 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 28 Jan 2009 17:03:29 -0500
Subject: [5-DayForum] 4 Calls by Friday Night
In-Reply-To: <b37ae1760901281251i7e2a58ffh689d2d4aa72cc198@mail.gmail.com>
References: <b37ae1760901281251i7e2a58ffh689d2d4aa72cc198@mail.gmail.com>
Message-ID: <4980D631.9010908@effros.com>

Bill,

Start at $74,500.

NPR just ran a story about houses in California that sold for $800,000 
in 2005 now selling for $300,000.  The county assessor reported that 
some homes are down 80% from a couple of years ago, with many selling in 
the 5 digit range.

I have heard this story repeatedly from individuals in California.

(What's more, Prop 13 locks the tax at the level paid with only a 2% tax 
increase per year possible...It pays for everyone to sell the house 
they're in at an extremely low level, and buy another one at the same 
level--the new buyers are going to be paying 50% to 80% less taxes than 
people who hold onto their homes.)

The 4 responses you got on your advertising indicate that people now 
think $149,500 is a reasonable selling price for that home.

So cut it in half, again. This will not change the final price you get, 
it will only let you know if real buyers think $75,000 is a steal.  They 
did not think $149,500 was a steal, and they were right.  You will not 
be able to sell that home for $300,000 at this time.

While this, no doubt, creates problems for builder, at the same time the 
builder who knows this 6 months before the pack figures it out, has many 
more options.

The 5-Day Method generally yields the market price 6 months before 
traditional sellers get to the same point.

Please keep us posted on what you do.  It will be very helpful to 
everyone on this list.

Anyone can sell a house in 5 days if they are prepared to take the 
current market price.  The 5-Day Method doesn't change the market price, 
it simply lets you know what it is in exactly 5 Days.

Bill Effros
Author




Eric Moorman wrote:
> First of all, I would like to thank everyone who has given insight on 
> how to best sell our home.  We are assisting a builder on running a 5 
> day sale, and have committed to the builder/homeowner to re-run the 5 
> day sale.  We are going to lower the price in our add from $149,500 to 
> $99,500 in hopes to attract more interest.  We plan on running the 
> sale the weekend after the super bowl and we will definitely keep 
> everyone on the forum posted as to how the sale goes.  We appreciate 
> any and all advice!  Best of luck to everyone out there trying to sell 
> a home in these tough conditions!  Bill Moorman
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From sondrabrown at alltel.net  Wed Jan 28 17:28:58 2009
From: sondrabrown at alltel.net (Sondra Brown)
Date: Wed, 28 Jan 2009 16:28:58 -0600
Subject: [5-DayForum] (no subject)
Message-ID: <000401c98197$d0525030$70f6f090$@net>

Is anyone having success with this process with the market like it is?

 

I'm a realtor that needs to sell my home quickly.  Don't I need to disclose
that seller reserves the right to accept or reject  any offer?

 

Sondra

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From skyhighplanning at gmail.com  Wed Jan 28 18:08:40 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Wed, 28 Jan 2009 18:08:40 -0500
Subject: [5-DayForum] (no subject)
In-Reply-To: <000401c98197$d0525030$70f6f090$@net>
References: <000401c98197$d0525030$70f6f090$@net>
Message-ID: <AFF433F1-5ACE-4EB3-8095-630E830A1D4E@gmail.com>

Yes!
It doesn't matter what market you're in.  The thing is that you may  
not want to accept the reality of what your home can sell for today.   
It works if done properly.  One big mistake I've seen many realtors  
make is overcomplicate themselves.  Every seller reserves the right  
to accept or reject any offer.  Focus on creating a big buzz.  Make  
it an event where you bring a lot of buyers/agents & allow them to  
make their best offers.  Do not give too much information when they  
start asking if you will accept their offer ......

Carlos A. Chica
Sky High Planning, Inc.
7380 Sand Lake Rd, Suite 500
Orlando, FL 32819
407-352-3220 (p)
407-738-4816 (f)
skyhighplanning at gmail.com

Coming Soon:
www.SKYHIGHPLANNING.com




On Jan 28, 2009, at 5:28 PM, Sondra Brown wrote:

> Is anyone having success with this process with the market like it is?
>
>
>
> I?m a realtor that needs to sell my home quickly.  Don?t I need to  
> disclose that seller reserves the right to accept or reject  any  
> offer?
>
>
>
> Sondra
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5- 
> dayforum

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From real.estate.professor at hotmail.com  Wed Jan 28 19:22:56 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Wed, 28 Jan 2009 18:22:56 -0600
Subject: [5-DayForum] (no subject)
Message-ID: <BLU122-W39CF9514FFEBC42440569AB4C90@phx.gbl>


Hi Everbody:
 
Nice to see the "gang's all here" and things back to normal.
 
Thanks, Bill!
 
Kyle
_________________________________________________________________
Windows Live?: E-mail. Chat. Share. Get more ways to connect. 
http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t2_allup_explore_012009
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From c519512c at hotmail.com  Thu Jan 29 13:53:18 2009
From: c519512c at hotmail.com (kenneth dilkes)
Date: Thu, 29 Jan 2009 13:53:18 -0500
Subject: [5-DayForum] List Administration: Flaming
In-Reply-To: <49809302.9020902@effros.com>
References: <cc7.4a8c3d4b.36b067a6@aol.com>
	<497F338C.9010107@effros.com><SNT101-W18369E35AC33416F646142C4C80@phx.gbl>
	<1222737282-1233161166-cardhu_decombobulator_blackberry.rim.net-763874126-@bxe196.bisx.prod.on.blackberry>
	<SNT101-W26779EDBAF1217149E37ACC4C80@phx.gbl>
	<49809302.9020902@effros.com>
Message-ID: <SNT101-W632AE66D3ACF7C513C4860C4C90@phx.gbl>


my comment was not meant to insult...it was merely an observation...if it was perceived an insult...my apologies> Date: Wed, 28 Jan 2009 12:16:50 -0500> From: bill at effros.com> To: 5-dayforum at mailman.howtosellyourhomein5days.com> Subject: [5-DayForum] List Administration: Flaming> > Insulting other people and calling people names is considered "Flaming" > in Geek-Speak.> > Let's try to avoid it.> > Bill Effros> List Administrator> > > > > > _______________________________________________> 5-DayForum mailing list> 5-DayForum at mailman.howtosellyourhomein5days.com> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
_________________________________________________________________
Windows Live?: E-mail. Chat. Share. Get more ways to connect. 
http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t2_allup_explore_012009
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From bill at effros.com  Thu Jan 29 14:10:44 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 29 Jan 2009 14:10:44 -0500
Subject: [5-DayForum] List Administration: Flaming
In-Reply-To: <SNT101-W632AE66D3ACF7C513C4860C4C90@phx.gbl>
References: <cc7.4a8c3d4b.36b067a6@aol.com>	<497F338C.9010107@effros.com><SNT101-W18369E35AC33416F646142C4C80@phx.gbl>	<1222737282-1233161166-cardhu_decombobulator_blackberry.rim.net-763874126-@bxe196.bisx.prod.on.blackberry>	<SNT101-W26779EDBAF1217149E37ACC4C80@phx.gbl>	<49809302.9020902@effros.com>
	<SNT101-W632AE66D3ACF7C513C4860C4C90@phx.gbl>
Message-ID: <4981FF34.3050203@effros.com>

Kenneth,

I was in no way singling you out.

We all flame other people from time to time.

It's not nice, but sometimes our fingers get the better of us, and we 
hit the "Send" button when we should have hit the "Delete" button.

This is a list of grown-ups. As long as we all make an effort, we can 
put out the flames before anyone gets hurt.

Bill Effros
List Administrator





kenneth dilkes wrote:
> my comment was not meant to insult...it was merely an observation...if 
> it was perceived an insult...my apologies
>
> > Date: Wed, 28 Jan 2009 12:16:50 -0500
> > From: bill at effros.com
> > To: 5-dayforum at mailman.howtosellyourhomein5days.com
> > Subject: [5-DayForum] List Administration: Flaming
> >
> > Insulting other people and calling people names is considered "Flaming"
> > in Geek-Speak.
> >
> > Let's try to avoid it.
> >
> > Bill Effros
> > List Administrator
> >
> >
> >
> >
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> > 
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
> ------------------------------------------------------------------------
> Windows Live?: E-mail. Chat. Share. Get more ways to connect. Check it 
> out. 
> <http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t2_allup_explore_012009> 
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From c519512c at hotmail.com  Thu Jan 29 14:24:32 2009
From: c519512c at hotmail.com (kenneth dilkes)
Date: Thu, 29 Jan 2009 14:24:32 -0500
Subject: [5-DayForum] List Administration: Flaming
In-Reply-To: <4981FF34.3050203@effros.com>
References: <cc7.4a8c3d4b.36b067a6@aol.com>
	<497F338C.9010107@effros.com><SNT101-W18369E35AC33416F646142C4C80@phx.gbl>
	<1222737282-1233161166-cardhu_decombobulator_blackberry.rim.net-763874126-@bxe196.bisx.prod.on.blackberry>
	<SNT101-W26779EDBAF1217149E37ACC4C80@phx.gbl>	<49809302.9020902@effros.com>
	<SNT101-W632AE66D3ACF7C513C4860C4C90@phx.gbl>
	<4981FF34.3050203@effros.com>
Message-ID: <SNT101-W122257EB8E82C764BA6AE1C4C90@phx.gbl>


10/4

Date: Thu, 29 Jan 2009 14:10:44 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] List Administration: FlamingKenneth,I was in no way singling you out.We all flame other people from time to time.It's not nice, but sometimes our fingers get the better of us, and we hit the "Send" button when we should have hit the "Delete" button.This is a list of grown-ups. As long as we all make an effort, we can put out the flames before anyone gets hurt.Bill EffrosList Administratorkenneth dilkes wrote: 


my comment was not meant to insult...it was merely an observation...if it was perceived an insult...my apologies> Date: Wed, 28 Jan 2009 12:16:50 -0500> From: bill at effros.com> To: 5-dayforum at mailman.howtosellyourhomein5days.com> Subject: [5-DayForum] List Administration: Flaming> > Insulting other people and calling people names is considered "Flaming" > in Geek-Speak.> > Let's try to avoid it.> > Bill Effros> List Administrator> > > > > > _______________________________________________> 5-DayForum mailing list> 5-DayForum at mailman.howtosellyourhomein5days.com> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

Windows Live?: E-mail. Chat. Share. Get more ways to connect. Check it out. 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  
_________________________________________________________________
Windows Live?: E-mail. Chat. Share. Get more ways to connect. 
http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t2_allup_howitworks_012009
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From nick at nicknewdfwhomes.com  Thu Jan 29 16:07:42 2009
From: nick at nicknewdfwhomes.com (nick)
Date: Thu, 29 Jan 2009 15:07:42 -0600
Subject: [5-DayForum] List Administration: Flaming
In-Reply-To: <4981FF34.3050203@effros.com>
References: <cc7.4a8c3d4b.36b067a6@aol.com>	<497F338C.9010107@effros.com><SNT101-W18369E35AC33416F646142C4C80@phx.gbl>	<1222737282-1233161166-cardhu_decombobulator_blackberry.rim.net-763874126-@bxe196.bisx.prod.on.blackberry>	<SNT101-W26779EDBAF1217149E37ACC4C80@phx.gbl>	<49809302.9020902@effros.com><SNT101-W632AE66D3ACF7C513C4860C4C90@phx.gbl>
	<4981FF34.3050203@effros.com>
Message-ID: <B856E8EDCEEB40F1ADAF82B2EC7DF798@newuser9c54caf>

I have tried to opt out of the forum, still getting the emails?

Any suggestions?

 



Nick Wahrer, MIRM, Realtor

Solving Real Estate Challenges

Since 1971

817.832.4534

1.800.209.1856

O.T. Nu 6:24-26

 

  _____  

From:
5-dayforum-bounces+nick=nicknewdfwhomes.com at mailman.howtosellyourhomein5days
.com
[mailto:5-dayforum-bounces+nick=nicknewdfwhomes.com at mailman.howtosellyourhom
ein5days.com] On Behalf Of Bill Effros
Sent: Thursday, January 29, 2009 1:11 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] List Administration: Flaming

 

Kenneth,

I was in no way singling you out.

We all flame other people from time to time.

It's not nice, but sometimes our fingers get the better of us, and we hit
the "Send" button when we should have hit the "Delete" button.

This is a list of grown-ups. As long as we all make an effort, we can put
out the flames before anyone gets hurt.

Bill Effros
List Administrator





kenneth dilkes wrote: 

my comment was not meant to insult...it was merely an observation...if it
was perceived an insult...my apologies

> Date: Wed, 28 Jan 2009 12:16:50 -0500
> From: bill at effros.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] List Administration: Flaming
> 
> Insulting other people and calling people names is considered "Flaming" 
> in Geek-Speak.
> 
> Let's try to avoid it.
> 
> Bill Effros
> List Administrator
> 
> 
> 
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
>
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

  _____  

Windows LiveT: E-mail. Chat. Share. Get more ways to connect. Check it out.
<http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t2_allup_explore_012009>  

 





  _____  



 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  
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From patricialone at hotmail.com  Thu Jan 29 16:40:57 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Thu, 29 Jan 2009 16:40:57 -0500
Subject: [5-DayForum] List Administration: Flaming
In-Reply-To: <B856E8EDCEEB40F1ADAF82B2EC7DF798@newuser9c54caf>
References: <cc7.4a8c3d4b.36b067a6@aol.com>
	<497F338C.9010107@effros.com><SNT101-W18369E35AC33416F646142C4C80@phx.gbl>
	<1222737282-1233161166-cardhu_decombobulator_blackberry.rim.net-763874126-@bxe196.bisx.prod.on.blackberry>
	<SNT101-W26779EDBAF1217149E37ACC4C80@phx.gbl>
	<49809302.9020902@effros.com><SNT101-W632AE66D3ACF7C513C4860C4C90@phx.gbl>
	<4981FF34.3050203@effros.com> 
	<B856E8EDCEEB40F1ADAF82B2EC7DF798@newuser9c54caf>
Message-ID: <BLU141-W286E6963B8654F779BC90ED2C90@phx.gbl>


Hi there Nick.Here is a recent post that Bill put on the Forum.  Perhaps this will answer your questions.  Unsubscribing is something you have to do on your own... it is very similar to subscribing....  I will copy and paste the message Bill posted below my signature for you to follow if you want to unsubscribe.  Hope this answers your question.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."25 to 30 people a day subscribe and unsubscribe. If you are having a problem, it is probably on your own computer. Theconfirmation notice is probably going into your junk, trash or spam folder. Without confirmation that you are you, and that you wish to besubscribed or unsubscribed, the Forum gets spammed by people who aren'tyou, phishing for information about you that we never release. When you want to unsubscribe from the 5-Day Forum you must do it foryourself. 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 EffrosList Administrator   _______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforumFrom: nick at nicknewdfwhomes.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Thu, 29 Jan 2009 15:07:42 -0600Subject: Re: [5-DayForum] List Administration: Flaming







I have tried to opt out of the forum, still getting the emails?
Any suggestions?
 


Nick Wahrer, MIRM, Realtor
Solving Real Estate Challenges
Since 1971
817.832.4534
1.800.209.1856
O.T. Nu 6:24-26
 




From: 5-dayforum-bounces+nick=nicknewdfwhomes.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+nick=nicknewdfwhomes.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill EffrosSent: Thursday, January 29, 2009 1:11 PMTo: How To Sell Your Home in 5-DaysSubject: Re: [5-DayForum] List Administration: Flaming
 
Kenneth,I was in no way singling you out.We all flame other people from time to time.It's not nice, but sometimes our fingers get the better of us, and we hit the "Send" button when we should have hit the "Delete" button.This is a list of grown-ups. As long as we all make an effort, we can put out the flames before anyone gets hurt.Bill EffrosList Administratorkenneth dilkes wrote: 
my comment was not meant to insult...it was merely an observation...if it was perceived an insult...my apologies> Date: Wed, 28 Jan 2009 12:16:50 -0500> From: bill at effros.com> To: 5-dayforum at mailman.howtosellyourhomein5days.com> Subject: [5-DayForum] List Administration: Flaming> > Insulting other people and calling people names is considered "Flaming" > in Geek-Speak.> > Let's try to avoid it.> > Bill Effros> List Administrator> > > > > > _______________________________________________> 5-DayForum mailing list> 5-DayForum at mailman.howtosellyourhomein5days.com> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



Windows Live?: E-mail. Chat. Share. Get more ways to connect. Check it out.  



 _______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum  
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From patricialone at hotmail.com  Thu Jan 29 16:47:24 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Thu, 29 Jan 2009 16:47:24 -0500
Subject: [5-DayForum] Oops... I forgot to retitle that "Unsubscribing."
 Sorry, I will try to do better on that.
In-Reply-To: <BLU141-W286E6963B8654F779BC90ED2C90@phx.gbl>
References: <cc7.4a8c3d4b.36b067a6@aol.com>
	<497F338C.9010107@effros.com><SNT101-W18369E35AC33416F646142C4C80@phx.gbl>
	<1222737282-1233161166-cardhu_decombobulator_blackberry.rim.net-763874126-@bxe196.bisx.prod.on.blackberry>
	<SNT101-W26779EDBAF1217149E37ACC4C80@phx.gbl>
	<49809302.9020902@effros.com><SNT101-W632AE66D3ACF7C513C4860C4C90@phx.gbl>
	<4981FF34.3050203@effros.com> 
	<B856E8EDCEEB40F1ADAF82B2EC7DF798@newuser9c54caf> 
	<BLU141-W286E6963B8654F779BC90ED2C90@phx.gbl>
Message-ID: <BLU141-W40B06F84DBB063CD1BF4FBD2C90@phx.gbl>


See Subject.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Thu, 29 Jan 2009 16:40:57 -0500Subject: Re: [5-DayForum] List Administration: Flaming


Hi there Nick.Here is a recent post that Bill put on the Forum.  Perhaps this will answer your questions.  Unsubscribing is something you have to do on your own... it is very similar to subscribing....  I will copy and paste the message Bill posted below my signature for you to follow if you want to unsubscribe.  Hope this answers your question.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."25 to 30 people a day subscribe and unsubscribe. If you are having a problem, it is probably on your own computer. Theconfirmation notice is probably going into your junk, trash or spam folder. Without confirmation that you are you, and that you wish to besubscribed or unsubscribed, the Forum gets spammed by people who aren'tyou, phishing for information about you that we never release. When you want to unsubscribe from the 5-Day Forum you must do it foryourself. 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 EffrosList Administrator   _______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforumFrom: nick at nicknewdfwhomes.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Thu, 29 Jan 2009 15:07:42 -0600Subject: Re: [5-DayForum] List Administration: Flaming







I have tried to opt out of the forum, still getting the emails?
Any suggestions?
 


Nick Wahrer, MIRM, Realtor
Solving Real Estate Challenges
Since 1971
817.832.4534
1.800.209.1856
O.T. Nu 6:24-26
 




From: 5-dayforum-bounces+nick=nicknewdfwhomes.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+nick=nicknewdfwhomes.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill EffrosSent: Thursday, January 29, 2009 1:11 PMTo: How To Sell Your Home in 5-DaysSubject: Re: [5-DayForum] List Administration: Flaming
 
Kenneth,I was in no way singling you out.We all flame other people from time to time.It's not nice, but sometimes our fingers get the better of us, and we hit the "Send" button when we should have hit the "Delete" button.This is a list of grown-ups. As long as we all make an effort, we can put out the flames before anyone gets hurt.Bill EffrosList Administratorkenneth dilkes wrote: 
my comment was not meant to insult...it was merely an observation...if it was perceived an insult...my apologies> Date: Wed, 28 Jan 2009 12:16:50 -0500> From: bill at effros.com> To: 5-dayforum at mailman.howtosellyourhomein5days.com> Subject: [5-DayForum] List Administration: Flaming> > Insulting other people and calling people names is considered "Flaming" > in Geek-Speak.> > Let's try to avoid it.> > Bill Effros> List Administrator> > > > > > _______________________________________________> 5-DayForum mailing list> 5-DayForum at mailman.howtosellyourhomein5days.com> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



Windows Live?: E-mail. Chat. Share. Get more ways to connect. Check it out.  



 _______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum  
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From bill at effros.com  Thu Jan 29 17:02:33 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 29 Jan 2009 17:02:33 -0500
Subject: [5-DayForum] Oops... I forgot to retitle that "Unsubscribing."
 Sorry, I will try to do better on that.
In-Reply-To: <BLU141-W40B06F84DBB063CD1BF4FBD2C90@phx.gbl>
References: <cc7.4a8c3d4b.36b067a6@aol.com>	<497F338C.9010107@effros.com><SNT101-W18369E35AC33416F646142C4C80@phx.gbl>	<1222737282-1233161166-cardhu_decombobulator_blackberry.rim.net-763874126-@bxe196.bisx.prod.on.blackberry>	<SNT101-W26779EDBAF1217149E37ACC4C80@phx.gbl>	<49809302.9020902@effros.com><SNT101-W632AE66D3ACF7C513C4860C4C90@phx.gbl>	<4981FF34.3050203@effros.com>
	<B856E8EDCEEB40F1ADAF82B2EC7DF798@newuser9c54caf>
	<BLU141-W286E6963B8654F779BC90ED2C90@phx.gbl>
	<BLU141-W40B06F84DBB063CD1BF4FBD2C90@phx.gbl>
Message-ID: <49822779.8080005@effros.com>

Thanks, Patricia,

This is exactly the kind of support I need.

Bill Effros
List Administrator


Patricia Lone wrote:
> *See Subject.
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller
>
>            **"If you need help, ask God; If you don't, thank God."
> *
> ------------------------------------------------------------------------
> From: patricialone at hotmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Thu, 29 Jan 2009 16:40:57 -0500
> Subject: Re: [5-DayForum] List Administration: Flaming
>
> *Hi there Nick.
>
> Here is a recent post that Bill put on the Forum.  Perhaps this will 
> answer your questions.  Unsubscribing is something you have to do on 
> your own... it is very similar to subscribing....  I will copy and 
> paste the message Bill posted below my signature for you to follow if 
> you want to unsubscribe.  Hope this answers your question.
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller
>
>            **"If you need help, ask God; If you don't, thank God."*
>
>
>
> 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
>   
>  
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> ------------------------------------------------------------------------
> From: nick at nicknewdfwhomes.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Thu, 29 Jan 2009 15:07:42 -0600
> Subject: Re: [5-DayForum] List Administration: Flaming
>
>   
>
> I have tried to opt out of the forum, still getting the emails?
>
> Any suggestions?
>
>  
>
> Nick Wahrer, MIRM, Realtor
>
> Solving Real Estate Challenges
>
> Since 1971
>
> 817.832.4534
>
> 1.800.209.1856
>
> O.T. Nu 6:24-26
>
>  
>
> ------------------------------------------------------------------------
>
> *From:* 
> 5-dayforum-bounces+nick=nicknewdfwhomes.com at mailman.howtosellyourhomein5days.com 
> [mailto:5-dayforum-bounces+nick=nicknewdfwhomes.com at mailman.howtosellyourhomein5days.com] 
> *On Behalf Of *Bill Effros
> *Sent:* Thursday, January 29, 2009 1:11 PM
> *To:* How To Sell Your Home in 5-Days
> *Subject:* Re: [5-DayForum] List Administration: Flaming
>
>  
>
> Kenneth,
>
> I was in no way singling you out.
>
> We all flame other people from time to time.
>
> It's not nice, but sometimes our fingers get the better of us, and we 
> hit the "Send" button when we should have hit the "Delete" button.
>
> This is a list of grown-ups. As long as we all make an effort, we can 
> put out the flames before anyone gets hurt.
>
> Bill Effros
> List Administrator
>
>
>
>
>
> kenneth dilkes wrote:
>
> my comment was not meant to insult...it was merely an observation...if 
> it was perceived an insult...my apologies
>
> > Date: Wed, 28 Jan 2009 12:16:50 -0500
> > 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: [5-DayForum] List Administration: Flaming
> >
> > Insulting other people and calling people names is considered "Flaming"
> > in Geek-Speak.
> >
> > Let's try to avoid it.
> >
> > Bill Effros
> > List Administrator
> >
> >
> >
> >
> >
> > _______________________________________________
> > 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
>
> ------------------------------------------------------------------------
>
> Windows Live?: E-mail. Chat. Share. Get more ways to connect. Check it 
> out. 
> <http://windowslive.com/explore?ocid=TXT_TAGLM_WL_t2_allup_explore_012009> 
>
>
>  
>
>
> ------------------------------------------------------------------------
>
>
>  
> _______________________________________________
> 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 patricialone at hotmail.com  Thu Jan 29 17:10:56 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Thu, 29 Jan 2009 17:10:56 -0500
Subject: [5-DayForum] Oops... I forgot to retitle that "Unsubscribing."
 Sorry, I will try to do better on that.
In-Reply-To: <49822779.8080005@effros.com>
References: <cc7.4a8c3d4b.36b067a6@aol.com>
	<497F338C.9010107@effros.com><SNT101-W18369E35AC33416F646142C4C80@phx.gbl>
	<1222737282-1233161166-cardhu_decombobulator_blackberry.rim.net-763874126-@bxe196.bisx.prod.on.blackberry>
	<SNT101-W26779EDBAF1217149E37ACC4C80@phx.gbl>
	<49809302.9020902@effros.com><SNT101-W632AE66D3ACF7C513C4860C4C90@phx.gbl>
	<4981FF34.3050203@effros.com>
	<B856E8EDCEEB40F1ADAF82B2EC7DF798@newuser9c54caf>
	<BLU141-W286E6963B8654F779BC90ED2C90@phx.gbl>
	<BLU141-W40B06F84DBB063CD1BF4FBD2C90@phx.gbl>
	<49822779.8080005@effros.com>
Message-ID: <BLU141-W31CB38AEF1373EB6A2DC8BD2C90@phx.gbl>


Always glad to help Bill.  Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Date: Thu, 29 Jan 2009 17:02:33 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Oops... I forgot to retitle that "Unsubscribing." Sorry, I will try to do better on that.Thanks, Patricia,This is exactly the kind of support I need.Bill EffrosList AdministratorPatricia Lone wrote: 


See Subject.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

From: patricialone at hotmail.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comDate: Thu, 29 Jan 2009 16:40:57 -0500Subject: Re: [5-DayForum] List Administration: Flaming


Hi there Nick.Here is a recent post that Bill put on the Forum.  Perhaps this will answer your questions.  Unsubscribing is something you have to do on your own... it is very similar to subscribing....  I will copy and paste the message Bill posted below my signature for you to follow if you want to unsubscribe.  Hope this answers your question.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."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
  
 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforumFrom: nick at nicknewdfwhomes.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thu, 29 Jan 2009 15:07:42 -0600
Subject: Re: [5-DayForum] List Administration: Flaming

  







I have tried to opt out of the forum, still getting the emails?
Any suggestions?
 


Nick Wahrer, MIRM, Realtor
Solving Real Estate Challenges
Since 1971
817.832.4534
1.800.209.1856
O.T. Nu 6:24-26
 




From: 5-dayforum-bounces+nick=nicknewdfwhomes.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+nick=nicknewdfwhomes.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill EffrosSent: Thursday, January 29, 2009 1:11 PMTo: How To Sell Your Home in 5-DaysSubject: Re: [5-DayForum] List Administration: Flaming
 
Kenneth,I was in no way singling you out.We all flame other people from time to time.It's not nice, but sometimes our fingers get the better of us, and we hit the "Send" button when we should have hit the "Delete" button.This is a list of grown-ups. As long as we all make an effort, we can put out the flames before anyone gets hurt.Bill EffrosList Administratorkenneth dilkes wrote: 
my comment was not meant to insult...it was merely an observation...if it was perceived an insult...my apologies> Date: Wed, 28 Jan 2009 12:16:50 -0500> From: bill at effros.com> To: 5-dayforum at mailman.howtosellyourhomein5days.com> Subject: [5-DayForum] List Administration: Flaming> > Insulting other people and calling people names is considered "Flaming" > in Geek-Speak.> > Let's try to avoid it.> > Bill Effros> List Administrator> > > > > > _______________________________________________> 5-DayForum mailing list> 5-DayForum at mailman.howtosellyourhomein5days.com> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



Windows Live?: E-mail. Chat. Share. Get more ways to connect. Check it out.  



 _______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://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 patricialone at hotmail.com  Thu Jan 29 21:31:11 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Thu, 29 Jan 2009 21:31:11 -0500
Subject: [5-DayForum] Buy 1, Get 1 Free...
Message-ID: <BLU141-W27D40FCC2AC31B58C9EA2BD2C60@phx.gbl>


Yippee... I made my subject match the message!!!  Time for a question here...I manage several houses and would like to get some of them sold.  Of those houses I would like to sell, there is one in particular I am pondering doing something a bit different with.  This house is 392 sq. ft. with a 1 car garage.  This house has been boarded up for about 6 years now.  Most of the inside needs redone... SO... I am pondering for ways that I could pull a fun gimmick someone suggested to me, and if it would be a good idea "in the best interest of" the person I am managing the properties for, my father's estate.The person suggested to me a buy 1, get 1 free house sale.  Any ideas, thoughts, suppositions, or anything of the like from anyone here?I am also wondering if there would be a way of weaving this into an effective 5-day sale if I chose to go that route with it. The city values the property at about $15,200 in the condition it is in now.Is this 2 for 1 something that is just totally crazy for me to even consider ("in the best interest of the other person")?  Or is there someone who has some ideas out there that would make this gimmick a fun doable thing (and profitable)?Or is this something that is just totally unreasonable when you are looking at the best interest of another person's estate... which I might mention is quite literally in "dire straights" about now.  It would be nice to unload the responsibility of two houses at once... so I like that aspect of it...  So how about it everyone... Ideas?  Thoughts? or is "This woman just totally CRAZY to even consider something like that"?I also just had another thought, would there be ANYTHING in Michigan real estate law that says this is not something that can legally be done?  I don't know why not..., but hey, sometimes Michigan is a totally crazy state too.  Just pondering and asking...Awaiting any input that anyone might have...Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."
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From damian_colden at yahoo.com  Thu Jan 29 22:04:20 2009
From: damian_colden at yahoo.com (Damian Colden)
Date: Thu, 29 Jan 2009 19:04:20 -0800 (PST)
Subject: [5-DayForum] Buy 1, Get 1 Free...
References: <BLU141-W27D40FCC2AC31B58C9EA2BD2C60@phx.gbl>
Message-ID: <758013.66878.qm@web53204.mail.re2.yahoo.com>

Patricia - 

I don't know anything that says you can't sell a "package" of properties for a single price. Realtors do this all the time to liquidate investor portfolios.

You just need to convince the executor of the estate or the probrate judge that you are doing what is in the best interest of the estate. 

 
How bad is the property? Would it be better to bulldoze the structure and donate the land to a non-profit? Is there a lien to be satisfied? If so, is it your thought the proceeds of one sale could pay two liens, if necessary?

Not a crazy idea. Just need to think it through completely. Not sure how it would play into a 5-day sale.


Dac Colden
Realtor
Grand Blanc, MI




________________________________
From: Patricia Lone <patricialone at hotmail.com>
To: 5-Day Forum <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, January 29, 2009 9:31:11 PM
Subject: [5-DayForum] Buy 1, Get 1 Free...

 
Yippee... I made my subject match the message!!!  

Time for a question here...

I manage several houses and would like to get some of them sold.  Of those houses I would like to sell, there is one in particular I am pondering doing something a bit different with.  This house is 392 sq. ft. with a 1 car garage.  This house has been boarded up for about 6 years now.  Most of the inside needs redone... SO... I am pondering for ways that I could pull a fun gimmick someone suggested to me, and if it would be a good idea "in the best interest of" the person I am managing the properties for, my father's estate.

The person suggested to me a buy 1, get 1 free house sale.  Any ideas, thoughts, suppositions, or anything of the like from anyone here?

I am also wondering if there would be a way of weaving this into an effective 5-day sale if I chose to go that route with it. 

The city values the property at about $15,200 in the condition it is in now.

Is this 2 for 1 something that is just totally crazy for me to even consider ("in the best interest of the other person")?  Or is there someone who has some ideas out there that would make this gimmick a fun doable thing (and profitable)?

Or is this something that is just totally unreasonable when you are looking at the best interest of another person's estate... which I might mention is quite literally in "dire straights" about now.  It would be nice to unload the responsibility of two houses at once... so I like that aspect of it...  So how about it everyone... Ideas?  Thoughts? or is "This woman just totally CRAZY to even consider something like that"?

I also just had another thought, would there be ANYTHING in Michigan real estate law that says this is not something that can legally be done?  I don't know why not..., but hey, sometimes Michigan is a totally crazy state too.  Just pondering and asking...

Awaiting any input that anyone might have...

Patricia  
Michigan, Conservator/Landlord/Seller

           "If you need help, ask God; If you don't, thank God."


      
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From bill at effros.com  Fri Jan 30 10:35:20 2009
From: bill at effros.com (Bill Effros)
Date: Fri, 30 Jan 2009 10:35:20 -0500
Subject: [5-DayForum] not getting emails??
In-Reply-To: <6B20A9BEB2FD354E9F97E789B45A3A24A6FC61@nyexcht03.orrick.com>
References: <6B20A9BEB2FD354E9F97E789B45A3A24A6FC61@nyexcht03.orrick.com>
Message-ID: <49831E38.4020502@effros.com>

First send a test email to the list.

If it doesn't post, send a direct email to the list administrator -- me.

I am replying directly to you, and also to the list.

If it doesn't post to the list, I'll see what happened.

In 99.999% of the cases, I messed up.

But I don't realize I messed up until someone points it out to me.

So just post a test message if you think the list isn't working, and 
send to me if your test fails to hit the list.

Thanks for bringing this to my attention.

Bill Effros
List Administrator





Claros, Awilda wrote:
> What should I do if I'm not getting any of the emails?  I use to get 
> them, the last one was on 1/24/09.  Thanks.
>  
>  
> Awilda Claros
> Realtor
> ===========================================================
>
> IRS Circular 230 disclosure:
> To ensure compliance with requirements imposed by the IRS, 
> we inform you that any tax advice contained in this 
> communication, unless expressly stated otherwise, was not 
> intended or written to be used, and cannot be used, for 
> the purpose of (i) avoiding tax-related penalties under 
> the Internal Revenue Code or (ii) promoting, marketing or 
> recommending to another party any tax-related matter(s) 
> addressed herein.
>
>
>
> ===========================================================
>
> NOTICE TO RECIPIENT:  THIS E-MAIL IS  MEANT FOR ONLY THE 
> INTENDED RECIPIENT OF THE TRANSMISSION, AND MAY BE A 
> COMMUNICATION PRIVILEGED BY LAW.  IF YOU RECEIVED THIS E-
> MAIL IN ERROR, ANY REVIEW, USE, DISSEMINATION, 
> DISTRIBUTION, OR COPYING OF THIS E-MAIL IS STRICTLY 
> PROHIBITED.  PLEASE NOTIFY US IMMEDIATELY OF THE ERROR BY 
> RETURN E-MAIL AND PLEASE DELETE THIS MESSAGE FROM YOUR 
> SYSTEM. THANK YOU IN ADVANCE FOR YOUR COOPERATION.
>
> For more information about Orrick, please visit 
> http://www.orrick.com/
> ===========================================================
>   
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From bill at effros.com  Fri Jan 30 10:47:57 2009
From: bill at effros.com (Bill Effros)
Date: Fri, 30 Jan 2009 10:47:57 -0500
Subject: [5-DayForum] List Mechanics: Not Getting Email
Message-ID: <4983212D.7030606@effros.com>

I am working on 2 different lists at the same time right now and I seem 
to be fixing one at the same time I mess up the other.

Sorry.

If you notice you are not getting email, first send a test message to 
the list.

All it has to say is "Test" in the subject line.

If it doesn't post, send a direct email to the list administrator -- me.

I don't realize I messed up until someone points it out to me.

I appreciate all those who bring this to my attention, and we can all 
ignore the "Test" messages that actually go through.

Bill Effros
List Administrator


From bill at effros.com  Fri Jan 30 13:01:25 2009
From: bill at effros.com (Bill Effros)
Date: Fri, 30 Jan 2009 13:01:25 -0500
Subject: [5-DayForum] Buy 1, Get 1 Free...
In-Reply-To: <BLU141-W27D40FCC2AC31B58C9EA2BD2C60@phx.gbl>
References: <BLU141-W27D40FCC2AC31B58C9EA2BD2C60@phx.gbl>
Message-ID: <49834075.7080402@effros.com>

Patricia,

Forget this idea.

Just run a 5-Day sale for this property--the sooner the better.

Offer it at $4,950.  People will call, and they will bid.  Sell to the 
high bidder.  Whatever you get will be found money.  Don't spend 
anything fixing it up.  Sell it as is and point out all the flaws.

I did this for my Father-In-Law's vacation home which had been on the 
market for years at $25,000 before his death with no takers.  There was 
still rotting food in the refrigerator when we went to it to set it up 
for the 5-Day Sale.  The place was a mess.  All we did was clean it up 
and get rid of the junk.

We offered it empty for $9,500.  People drove 2 1/2 hours from NYC to 
see it.  It was bought by a local (they almost always are because the 
locals know the market.)  They paid $71,500.

You won't do as well where you live at this time, but it's a much better 
idea than giving away this property.  You won't get any more for the 
other property.

Using the 5-Day Method in a "test" will convince you that it works.

Bill Effros
Author


Patricia Lone wrote:
>
> *Yippee... I made my subject match the message!!! 
>
> Time for a question here...
>
> I manage several houses and would like to get some of them sold.  Of 
> those houses I would like to sell, there is one in particular I am 
> pondering doing something a bit different with.  This house is 392 sq. 
> ft. with a 1 car garage.  This house has been boarded up for about 6 
> years now.  Most of the inside needs redone... SO... I am pondering 
> for ways that I could pull a fun gimmick someone suggested to me, and 
> if it would be a good idea "in the best interest of" the person I am 
> managing the properties for, my father's estate.
>
> The person suggested to me a buy 1, get 1 free house sale.  Any ideas, 
> thoughts, suppositions, or anything of the like from anyone here?
>
> I am also wondering if there would be a way of weaving this into an 
> effective 5-day sale if I chose to go that route with it. 
>
> The city values the property at about $15,200 in the condition it is 
> in now.
>
> Is this 2 for 1 something that is just totally crazy for me to even 
> consider ("in the best interest of the other person")?  Or is there 
> someone who has some ideas out there that would make this gimmick a 
> fun doable thing (and profitable)?
>
> Or is this something that is just totally unreasonable when you are 
> looking at the best interest of another person's estate... which I 
> might mention is quite literally in "dire straights" about now.  It 
> would be nice to unload the responsibility of two houses at once... so 
> I like that aspect of it...  So how about it everyone... Ideas?  
> Thoughts? or is "This woman just totally CRAZY to even consider 
> something like that"?
>
> I also just had another thought, would there be ANYTHING in Michigan 
> real estate law that says this is not something that can legally be 
> done?  I don't know why not..., but hey, sometimes Michigan is a 
> totally crazy state too.  Just pondering and asking...
>
> Awaiting any input that anyone might have...
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller
>
>            **"If you need help, ask God; If you don't, thank God."*
>
>
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
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From bill at effros.com  Fri Jan 30 16:55:09 2009
From: bill at effros.com (Bill Effros)
Date: Fri, 30 Jan 2009 16:55:09 -0500
Subject: [5-DayForum] Test
Message-ID: <4983773D.5010100@effros.com>



From patricialone at hotmail.com  Fri Jan 30 19:24:47 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Fri, 30 Jan 2009 19:24:47 -0500
Subject: [5-DayForum] Buy 1, Get 1 Free...
In-Reply-To: <49834075.7080402@effros.com>
References: <BLU141-W27D40FCC2AC31B58C9EA2BD2C60@phx.gbl>
	<49834075.7080402@effros.com>
Message-ID: <BLU141-W4EEDDB07280AF919F0F21D2C70@phx.gbl>


Hi Bill,Wow, that's some story about your Father-in-law's place!  With my father's house, the one HUGE issue here is that there is no electricity in the place, the meter is not even hooked up right now... the lines are all there, but nothing is connected.  Also, the real HUGE HUUUUGE Issue is that the living room floor is really weak and with a 5-day sale I have concern of someone or several going through the floor.  The flooring in that room is "real testy" in the area right in front of the door going out into the center of the room.
I see your point though that this would be a real good testing house.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Date: Fri, 30 Jan 2009 13:01:25 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Buy 1, Get 1 Free...Patricia,Forget this idea.Just run a 5-Day sale for this property--the sooner the better.Offer it at $4,950.  People will call, and they will bid.  Sell to the high bidder.  Whatever you get will be found money.  Don't spend anything fixing it up.  Sell it as is and point out all the flaws.I did this for my Father-In-Law's vacation home which had been on the market for years at $25,000 before his death with no takers.  There was still rotting food in the refrigerator when we went to it to set it up for the 5-Day Sale.  The place was a mess.  All we did was clean it up and get rid of the junk.We offered it empty for $9,500.  People drove 2 1/2 hours from NYC to see it.  It was bought by a local (they almost always are because the locals know the market.)  They paid $71,500.You won't do as well where you live at this time, but it's a much better idea than giving away this property.  You won't get any more for the other property.Using the 5-Day Method in a "test" will convince you that it works.Bill EffrosAuthorPatricia Lone wrote: 



Yippee... I made my subject match the message!!!  Time for a question here...I manage several houses and would like to get some of them sold.  Of those houses I would like to sell, there is one in particular I am pondering doing something a bit different with.  This house is 392 sq. ft. with a 1 car garage.  This house has been boarded up for about 6 years now.  Most of the inside needs redone... SO... I am pondering for ways that I could pull a fun gimmick someone suggested to me, and if it would be a good idea "in the best interest of" the person I am managing the properties for, my father's estate.The person suggested to me a buy 1, get 1 free house sale.  Any ideas, thoughts, suppositions, or anything of the like from anyone here?I am also wondering if there would be a way of weaving this into an effective 5-day sale if I chose to go that route with it. The city values the property at about $15,200 in the condition it is in now.Is this 2 for 1 something that is just totally crazy for me to even consider ("in the best interest of the other person")?  Or is there someone who has some ideas out there that would make this gimmick a fun doable thing (and profitable)?Or is this something that is just totally unreasonable when you are looking at the best interest of another person's estate... which I might mention is quite literally in "dire straights" about now.  It would be nice to unload the responsibility of two houses at once... so I like that aspect of it...  So how about it everyone... Ideas?  Thoughts? or is "This woman just totally CRAZY to even consider something like that"?I also just had another thought, would there be ANYTHING in Michigan real estate law that says this is not something that can legally be done?  I don't know why not..., but hey, sometimes Michigan is a totally crazy state too.  Just pondering and asking...Awaiting any input that anyone might have...Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
  
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From patricialone at hotmail.com  Fri Jan 30 19:25:35 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Fri, 30 Jan 2009 19:25:35 -0500
Subject: [5-DayForum] Test
In-Reply-To: <4983773D.5010100@effros.com>
References: <4983773D.5010100@effros.com>
Message-ID: <BLU141-W34305EFE8F2D907DB8C68FD2C70@phx.gbl>


It made it... I think everyone might be involved in taxes and SUPER BOWL!! right now.  :)Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."> Date: Fri, 30 Jan 2009 16:55:09 -0500> From: bill at effros.com> To: 5-dayforum at mailman.howtosellyourhomein5days.com> Subject: [5-DayForum] Test> > > _______________________________________________> 5-DayForum mailing list> 5-DayForum at mailman.howtosellyourhomein5days.com> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From jcote at gvtc.com  Fri Jan 30 19:39:11 2009
From: jcote at gvtc.com (jcote at gvtc.com)
Date: Fri, 30 Jan 2009 16:39:11 -0800
Subject: [5-DayForum] Interesting Article Published by Texas Association of
 Mortgage Brokers
Message-ID: <20090130163911.1FE8E10F@resin13.mta.everyone.net>

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From riley340 at hotmail.com  Fri Jan 30 19:59:14 2009
From: riley340 at hotmail.com (James Riley)
Date: Fri, 30 Jan 2009 19:59:14 -0500
Subject: [5-DayForum] send info
Message-ID: <BAY137-W567A43568B0D2197F8F8EA93C70@phx.gbl>



_________________________________________________________________
Hotmail? goes where you go. On a PC, on the Web, on your phone. 
http://www.windowslive-hotmail.com/learnmore/versatility.aspx#mobile?ocid=TXT_TAGHM_WL_HM_versatility_121208 
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From bill at effros.com  Fri Jan 30 20:33:53 2009
From: bill at effros.com (Bill Effros)
Date: Fri, 30 Jan 2009 20:33:53 -0500
Subject: [5-DayForum] Buy 1, Get 1 Free...
In-Reply-To: <BLU141-W4EEDDB07280AF919F0F21D2C70@phx.gbl>
References: <BLU141-W27D40FCC2AC31B58C9EA2BD2C60@phx.gbl>	<49834075.7080402@effros.com>
	<BLU141-W4EEDDB07280AF919F0F21D2C70@phx.gbl>
Message-ID: <4983AA81.1010904@effros.com>

Patricia,

I once had a partner in the Antiques business who always said:

"There's an ass for every seat."

Start the place at $2,475 -- and if it goes down from there, take it!

Put plywood on the floor with a sign about why it's there.

Explain why there is no heat, or electricity, or anything!

Just let them all know that you're going to take the top bid Sunday 
night, and mean it!

You'll get more than nothing for that place.

You'll sell it in 5 Days.

You'll see how a 5-Day Sale works.

And when it comes time to sell more valuable properties, some of the 
same people will show up.  And they will know you are a woman of your 
word.  And they will offer you the most your properties are worth at the 
time of your sale.

And you will be happy with the outcome.

And they will be happy with the outcome.

And we will all live happily ever after.

Bill Effros
Author

Patricia Lone wrote:
>
> *Hi Bill,
>
> Wow, that's some story about your Father-in-law's place! 
>
> With my father's house, the one HUGE issue here is that there is no 
> electricity in the place, the meter is not even hooked up right now... 
> the lines are all there, but nothing is connected.  Also, the real 
> HUGE HUUUUGE Issue is that the living room floor is really weak and 
> with a 5-day sale I have concern of someone or several going through 
> the floor.  The flooring in that room is "real testy" in the area 
> right in front of the door going out into the center of the room.
> *
>
> *I see your point though that this would be a real good testing house.
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller
>
>            **"If you need help, ask God; If you don't, thank God."*
>
>
>
> ------------------------------------------------------------------------
> Date: Fri, 30 Jan 2009 13:01:25 -0500
> From: bill at effros.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Buy 1, Get 1 Free...
>
> Patricia,
>
> Forget this idea.
>
> Just run a 5-Day sale for this property--the sooner the better.
>
> Offer it at $4,950.  People will call, and they will bid.  Sell to the 
> high bidder.  Whatever you get will be found money.  Don't spend 
> anything fixing it up.  Sell it as is and point out all the flaws.
>
> I did this for my Father-In-Law's vacation home which had been on the 
> market for years at $25,000 before his death with no takers.  There 
> was still rotting food in the refrigerator when we went to it to set 
> it up for the 5-Day Sale.  The place was a mess.  All we did was clean 
> it up and get rid of the junk.
>
> We offered it empty for $9,500.  People drove 2 1/2 hours from NYC to 
> see it.  It was bought by a local (they almost always are because the 
> locals know the market.)  They paid $71,500.
>
> You won't do as well where you live at this time, but it's a much 
> better idea than giving away this property.  You won't get any more 
> for the other property.
>
> Using the 5-Day Method in a "test" will convince you that it works.
>
> Bill Effros
> Author
>
>
> Patricia Lone wrote:
>
>     *Yippee... I made my subject match the message!!! 
>
>     Time for a question here...
>
>     I manage several houses and would like to get some of them sold. 
>     Of those houses I would like to sell, there is one in particular I
>     am pondering doing something a bit different with.  This house is
>     392 sq. ft. with a 1 car garage.  This house has been boarded up
>     for about 6 years now.  Most of the inside needs redone... SO... I
>     am pondering for ways that I could pull a fun gimmick someone
>     suggested to me, and if it would be a good idea "in the best
>     interest of" the person I am managing the properties for, my
>     father's estate.
>
>     The person suggested to me a buy 1, get 1 free house sale.  Any
>     ideas, thoughts, suppositions, or anything of the like from anyone
>     here?
>
>     I am also wondering if there would be a way of weaving this into
>     an effective 5-day sale if I chose to go that route with it. 
>
>     The city values the property at about $15,200 in the condition it
>     is in now.
>
>     Is this 2 for 1 something that is just totally crazy for me to
>     even consider ("in the best interest of the other person")?  Or is
>     there someone who has some ideas out there that would make
>     this gimmick a fun doable thing (and profitable)?
>
>     Or is this something that is just totally unreasonable when you
>     are looking at the best interest of another person's estate...
>     which I might mention is quite literally in "dire straights" about
>     now.  It would be nice to unload the responsibility of two houses
>     at once... so I like that aspect of it...  So how about it
>     everyone... Ideas?  Thoughts? or is "This woman just totally CRAZY
>     to even consider something like that"?
>
>     I also just had another thought, would there be ANYTHING in
>     Michigan real estate law that says this is not something that can
>     legally be done?  I don't know why not..., but hey, sometimes
>     Michigan is a totally crazy state too.  Just pondering and asking...
>
>     Awaiting any input that anyone might have...
>
>     Patricia  *
>     *Michigan, Conservator/Landlord/Seller
>
>                **"If you need help, ask God; If you don't, thank God."*
>
>
>
>     ------------------------------------------------------------------------
>
>     _______________________________________________
>     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  Fri Jan 30 20:37:41 2009
From: bill at effros.com (Bill Effros)
Date: Fri, 30 Jan 2009 20:37:41 -0500
Subject: [5-DayForum] Test
In-Reply-To: <BLU141-W34305EFE8F2D907DB8C68FD2C70@phx.gbl>
References: <4983773D.5010100@effros.com>
	<BLU141-W34305EFE8F2D907DB8C68FD2C70@phx.gbl>
Message-ID: <4983AB65.1070407@effros.com>

No, it's the super bowl, and I'm glad of it.

The most heartbreaking thing on this list is watching someone trying to 
conduct a 5-Day Sale on a weekend you just KNOW won't work.  This 
weekend is the worst of all, so I'm glad nobody tried swimming against 
the current this year.

It's just that I've been working on 2 lists and getting them all tangled 
up without any way of knowing.

I think I've got it under control, at least for now.

Bill Effros
Author



Patricia Lone wrote:
>
> *It made it... I think everyone might be involved in taxes and SUPER 
> BOWL!! right now.  :)
>
> Patricia  *
> *Michigan, Conservator/Landlord/Seller
>
>            **"If you need help, ask God; If you don't, thank God."*
>
>
>
>
>
> > Date: Fri, 30 Jan 2009 16:55:09 -0500
> > From: bill at effros.com
> > To: 5-dayforum at mailman.howtosellyourhomein5days.com
> > Subject: [5-DayForum] Test
> >
> >
> > _______________________________________________
> > 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 patricialone at hotmail.com  Fri Jan 30 20:48:34 2009
From: patricialone at hotmail.com (Patricia Lone)
Date: Fri, 30 Jan 2009 20:48:34 -0500
Subject: [5-DayForum] Buy 1, Get 1 Free...
In-Reply-To: <4983AA81.1010904@effros.com>
References: <BLU141-W27D40FCC2AC31B58C9EA2BD2C60@phx.gbl>
	<49834075.7080402@effros.com>	<BLU141-W4EEDDB07280AF919F0F21D2C70@phx.gbl>
	<4983AA81.1010904@effros.com>
Message-ID: <BLU141-W19205656CB89F4CC5C61AFD2C70@phx.gbl>


"And you will be happy with the outcome.And they will be happy with the outcome.And we will all live happily ever after."
There's a familiar tone to that.  I like it.  Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Date: Fri, 30 Jan 2009 20:33:53 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Buy 1, Get 1 Free...Patricia,I once had a partner in the Antiques business who always said:"There's an ass for every seat."Start the place at $2,475 -- and if it goes down from there, take it!Put plywood on the floor with a sign about why it's there.Explain why there is no heat, or electricity, or anything!Just let them all know that you're going to take the top bid Sunday night, and mean it!You'll get more than nothing for that place.You'll sell it in 5 Days.You'll see how a 5-Day Sale works.And when it comes time to sell more valuable properties, some of the same people will show up.  And they will know you are a woman of your word.  And they will offer you the most your properties are worth at the time of your sale.And you will be happy with the outcome.And they will be happy with the outcome.And we will all live happily ever after.Bill EffrosAuthorPatricia Lone wrote: 



Hi Bill,Wow, that's some story about your Father-in-law's place!  With my father's house, the one HUGE issue here is that there is no electricity in the place, the meter is not even hooked up right now... the lines are all there, but nothing is connected.  Also, the real HUGE HUUUUGE Issue is that the living room floor is really weak and with a 5-day sale I have concern of someone or several going through the floor.  The flooring in that room is "real testy" in the area right in front of the door going out into the center of the room.
I see your point though that this would be a real good testing house.Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."

Date: Fri, 30 Jan 2009 13:01:25 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] Buy 1, Get 1 Free...Patricia,Forget this idea.Just run a 5-Day sale for this property--the sooner the better.Offer it at $4,950.  People will call, and they will bid.  Sell to the high bidder.  Whatever you get will be found money.  Don't spend anything fixing it up.  Sell it as is and point out all the flaws.I did this for my Father-In-Law's vacation home which had been on the market for years at $25,000 before his death with no takers.  There was still rotting food in the refrigerator when we went to it to set it up for the 5-Day Sale.  The place was a mess.  All we did was clean it up and get rid of the junk.We offered it empty for $9,500.  People drove 2 1/2 hours from NYC to see it.  It was bought by a local (they almost always are because the locals know the market.)  They paid $71,500.You won't do as well where you live at this time, but it's a much better idea than giving away this property.  You won't get any more for the other property.Using the 5-Day Method in a "test" will convince you that it works.Bill EffrosAuthorPatricia Lone wrote: 



Yippee... I made my subject match the message!!!  Time for a question here...I manage several houses and would like to get some of them sold.  Of those houses I would like to sell, there is one in particular I am pondering doing something a bit different with.  This house is 392 sq. ft. with a 1 car garage.  This house has been boarded up for about 6 years now.  Most of the inside needs redone... SO... I am pondering for ways that I could pull a fun gimmick someone suggested to me, and if it would be a good idea "in the best interest of" the person I am managing the properties for, my father's estate.The person suggested to me a buy 1, get 1 free house sale.  Any ideas, thoughts, suppositions, or anything of the like from anyone here?I am also wondering if there would be a way of weaving this into an effective 5-day sale if I chose to go that route with it. The city values the property at about $15,200 in the condition it is in now.Is this 2 for 1 something that is just totally crazy for me to even consider ("in the best interest of the other person")?  Or is there someone who has some ideas out there that would make this gimmick a fun doable thing (and profitable)?Or is this something that is just totally unreasonable when you are looking at the best interest of another person's estate... which I might mention is quite literally in "dire straights" about now.  It would be nice to unload the responsibility of two houses at once... so I like that aspect of it...  So how about it everyone... Ideas?  Thoughts? or is "This woman just totally CRAZY to even consider something like that"?I also just had another thought, would there be ANYTHING in Michigan real estate law that says this is not something that can legally be done?  I don't know why not..., but hey, sometimes Michigan is a totally crazy state too.  Just pondering and asking...Awaiting any input that anyone might have...Patricia  Michigan, Conservator/Landlord/Seller           "If you need help, ask God; If you don't, thank God."
_______________________________________________
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
  
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From tom at trevescompany.com  Sat Jan 31 02:32:13 2009
From: tom at trevescompany.com (Tom  Treves)
Date: Fri, 30 Jan 2009 23:32:13 -0800
Subject: [5-DayForum] oddball
Message-ID: <BAY116-DAV9582FFF3B20719B64E4FEA7C70@phx.gbl>

Bill & Forum members

 

You mention in the book that oddball homes may be a problem, a log home is
my oddball it is in great shape but has a few lay out issues in addition the
all of the wood surface. Any advice?

 

Tom

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From bill at effros.com  Sat Jan 31 09:42:43 2009
From: bill at effros.com (Bill Effros)
Date: Sat, 31 Jan 2009 09:42:43 -0500
Subject: [5-DayForum] oddball
In-Reply-To: <BAY116-DAV9582FFF3B20719B64E4FEA7C70@phx.gbl>
References: <BAY116-DAV9582FFF3B20719B64E4FEA7C70@phx.gbl>
Message-ID: <49846363.3080701@effros.com>

Tom,

It is what it is.

Describe it.

Offer it at 50% of its current market value.

Take the high bid.

Bill Effros
Author


Tom Treves wrote:
>
> Bill & Forum members
>
>  
>
> You mention in the book that oddball homes may be a problem, a log 
> home is my oddball it is in great shape but has a few lay out issues 
> in addition the all of the wood surface. Any advice?
>
>  
>
> Tom
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 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 Jan 31 11:30:58 2009
From: jcrafor at hotmail.com (j crafor)
Date: Sat, 31 Jan 2009 16:30:58 +0000
Subject: [5-DayForum] 4 Calls by Friday Night?
In-Reply-To: <497F8A85.2070900@effros.com>
References: <b37ae1760901251551s6f18a66dh69f928d62f9be0dc@mail.gmail.com>
	<d2b697900901261436n422fa026m7e29d872ef4a5c32@mail.gmail.com>
	<A446C71D791B4464B6166B9EA3299523@NSKHome>	<497E4BA9.20106@effros.com>
	<BAY135-W28E3A4787EA963B19C9981AECB0@phx.gbl>
	<497F8A85.2070900@effros.com>
Message-ID: <BAY135-W13F71332D617B9CB6855F8AEC70@phx.gbl>


Good Morning, Bill,
I've been busy elsewhere a few days, and want to respont toe your post below, in response to mine below that. 
In 1990 I started looking to buy a house that would be for investment, as I was planning a1031. I looked in numerous areas from southern coastal Georgia west to California, all in the Southern Tier. EVERYPLACE I looked at that time, the story was basically the same: houses were going up fast, had been for a few years, the areas were growing, and prices were rising. Personally I couldn't believe that some of the houses were being sold for those high prices and were being grabbed up. 
I had time to look, my own place was not sold yet. In fact, my search was over a long period because of that. In 1992, when I was finally able to look more seriously, I went back to some favored areas and the prices were much more than they had been just months prior. 
When in 1992 I was closer to selling my property and finally decided on an area--southern Arizona--even THAT out of the way area had begun a boom, and places were hard to find. I finally had to leave there and search in Tucson. The agents told me construction had been growing for over eight years, there was no end in sight. City info indicated the same, with numerous smaller to huge subdivisions recently completed and selling like hotcakes. 
The agent I worked with sent me (I was out of state) 5-6 contracts in a period of a 2-3 weeks. I had signed the contract on my property and was now in a limited time-frame to buy. Then she'd call and tell me to tear them up, they had been sold. These were places that had been just put on the mls, and were gone within hours. It was like that throughout the area, and in Phoenix, too. I finally did get my residence.
And this entire area has continued like that until about 2-2.5 years ago.
 
Based on your response, I asked on another forum about the discrepancy in our--mine and your--experience. The response was basically that we're both right.
"In the SunBelt there was a huge build up in the early to mid 80's leading up to the Tax Reform Act of 1986 and the Savings and Loan melt down. Things pulled back and the excess and bad inventories were liquidated through the RTC.
This set things up for the bigger build up in the early 90's through the tech bubble and lurching even faster forward as the credit faucet was opened full in the late 90's and early part of this decade."
So, your description of YOUR experience was valid in your area, and mine was in MY area. The Southern Tier was booming, not so the northern. So, if we take YOUR words, "There were no bidding wars between 1989 and 1999," that apparently accurately depicts YOUR area, but does not accurately depict the SunBelt. Bidding wars were not only happening, they were common. 
 
At any rate, I do believe your method works. I also believe that it does need tweaking for this economy. 
I'm fortunate. I've had a few calls since on the house, and plan to show it this weekend again. 
I expect to use your method again soon.
 
You said, "Springtime is not the best time to sell."
It probably is here. This is basically a military town, and historically more people bought in the spring-early summer. I fully expect to sell at least one house soon, using the 5-Day sale technique. 
 
JCrafor
 
 
 
 



Date: Tue, 27 Jan 2009 17:28:21 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] 4 Calls by Friday Night?JNo way."How to Sell Your Home in 5-Days" was written in response to the housing market collapse of 1989.The market stayed essentially flat until 1999.The second edition of the book was written in 1997 -- before eBay.Adjusted for inflation, home prices didn't get back to 1989 levels until 2000.It appears that, adjusted for inflation, housing prices have returned to roughly their 1989 level.There were no bidding wars between 1989 and 1999.  Critics of the 5-Day Plan said it would only work when the market was down and people were desperate.  When the market started to take off, critics said the 5-Day Method wouldn't work in good times.  But it did.  Sellers got more for their homes using the 5-Day Method than using any other approach -- Brokers repeatedly called to tell me this.Now we've come full circle.  People are again saying "Oh, sure!  It works great when anybody can sell a home, but it won't work when there are 'no buyers'".Yes it does!  The 5-Day Method is a superior method to sell a home whether the market is up, down, or flat!Let's not rewrite history to make our point.Response to paragraph 2:10 times rental is historically the value of real estate.  There are fundamental reasons why this must be true.  When investors and banks lose sight of the fundamentals and turn the market into a casino they get burned.  They are all playing "Hot Potato" and all the potatoes are hot right now.Properly functioning markets don't provide you with what you "need".  They give you what your property is worth.  Nobody cares what you paid for your Citibank stock a year ago, today you can only get 10% of what you paid 12 months ago...and it may not be worth even that much 12 months from now.  Nobody cares what you paid for your house...it's currently worth 10 times what you can rent it for in a year, and if you won't sell it for that, then you are not a "real seller" -- the "real buyers" will find "real sellers" to buy from.Response to paragraph 3.Springtime is not the best time to sell.  Last summer was a better time than this spring because the market has fallen considerably since then.  If you think the market is going to start moving up, hold your property until it does.  If you think it is going down, get rid of your property as fast as you can.The 5-Day Method does not "fool" the market.  It is the least expensive, fastest, fairest way to sell a home in any market.Only use it if you are a "real" seller, prepared to take what your property is currently worth.Bill EffrosAuthorj crafor wrote: 


The 20 years that BIll is talking about are the years of the biggest housing boom experienced in the US probably since after the war and Levittowns were going up all over the countryside. People were buying houses as fast as they were made available, with numerous areas enjoying bidding wars on almost any habitable property. That particular selling/buying environment turned upside down a couple of years ago. We no longer have a seller's market. I had a lot of response from my 5-Day sale, unfortunately most were either investors who would not offer more than 10 time the possible rent, and folks who simply didn't have the money to offer more than the listed price.A few listed a bid lower than others, and left, saying that they douldn't offer more, but maybe the others woul;dn't be able to get thae money they offered. The 2 buyers didn't go much more than 75% of what I need. I did not sell that house. I plan to run another sale in a few months on a different house. Springtime here is the best time to sell, because more people are actually looking to move. I think money will be a little better, too. Best wishes on your sale.JCrafor

Date: Mon, 26 Jan 2009 18:47:53 -0500From: bill at effros.comTo: 5-dayforum at mailman.howtosellyourhomein5days.comSubject: Re: [5-DayForum] 4 Calls by Friday Night?Bill Effros said:"It has been my experience over 20 years that if you advertise your home for half its current market value in places where real buyers look, you can ALWAYS get 25 responses by Friday night provided you have a realistic understanding of current market value.If you get only 4 responses by Friday night, you CERTAINLY won't get anywhere near what you are hoping for, no matter how extensively you market.The fact that everyone looks on the Internet does not make the Internet a good place to advertise.  You may remember when people were advertising homes on milk cartons because everyone with kids looked at the milk carton in the morning.  That didn't work either.You don't want to provide so many pictures that people don't need to come to your home.  This strategy is counter-productive.When you run a 5-Day Sale properly, 25 to 50 real buyers show up from your advertising (not from screaming signs--this is pointless).  They believe you are really going to sell the home Sunday night to the high bidder.  Bill learned everything he needs to know from the lack of response to his advertising.  He would have learned the exact same thing if he had spent considerably less, and he will get no higher price by spending more on marketing.Thanks for your comments, are you a broker? An investor? Bill EffrosAuthorNaji wrote: 








I?ll have to disagree with a few things? Regardless of market conditions, there are always buyers, period!!! Even during the great depression people did by homes, even during the disastrous S&L crisis, people bought homes, even when mortgage rates were over 15%, people bought homes.
 
As to why Bill did not receive more inquiries, there could be many reasons, but I would have to disagree with Bill Effros regarding advertising/marketing in the paper only? The majority (80%+) of people these days use the internet to find a house to buy, plus they want as much information and photos of the property as possible before even looking at a house. No one wants to waste their time looking at homes that don?t fit what they?re looking for especially with the number of homes on the market; hence, a small ad in the paper with such a low price may indicate a dump and nothing more!
 
In such a terrible market you have to use each and every avenue imaginable to market your home; newspaper, online, MLS, word of mouth, direct marketing, signage, email blast, etc plus you have to make sure that your house is the cream of the crop and stands above and beyond anything else out there.
 
But with all the advertising and marketing that you do, it may still be a no go if the location of your home is not desirable or if your expectations are not reasonable even if the house is brand new with all the bells and whistles? For example, if the house is in a brand new community that?s 80% empty and of the 20% remaining homes, 50% plus are either in foreclosure or bank owned (similar to Lehigh Acres in South Florida), then I doubt that anyone will even take the place for free. I know I wouldn?t.
 
My 2 cents worth
 
-Naji




From: 5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com] On Behalf Of Dutch RevenboerSent: Monday, January 26, 2009 5:36 PMTo: How To Sell Your Home in 5-DaysSubject: Re: [5-DayForum] 4 Calls by Friday Night?
 
Bill,I'm not sure you went wrong.  As I've stated before, IMHO, what we are witnessing in the marketplace is a paralysis caused by fear and uncertainty.  We haven't really seen anything of this magnitude in over 20 years.  I liken it back to the early 80s gasoline crisis, when there were long lines at the pumps, even while there was not really any true shortage.Until people become more confident in the economy and the lending market loosens up the purse strings, there are simply not as many real buyers out there.  They are sitting on the sidelines watching.  Only the sharks are swimming right now.Dutch RevenboerBroker AssociateMetro Brokers of Oklahomawww.DreamHomesOKC.com405-590-6563We Buy Houses - www.OKCash4Homes.comWe Help Stop Foreclosure - www.OKHomesavers.comWe Sell / Lease Homes - Specializing in Low Down Owner Carry Properties - No Credit, Bad Credit OK - www.BuySellRentHouses.com

On Sun, Jan 25, 2009 at 5:51 PM, Eric Moorman <e5moorman at gmail.com> wrote:I had to cancel my 5 day sale this weekend because I only received four calls by Friday night.  The house is new and in a nice neighborhood near a popular lake.  It cost $283,000 to build and we were hoping to get $300,000.  We documented in the ad that the price was $149,500 or best offer.  We also indicated that the house was new, had 4400 square feet in total which included an unfinished walk out basement, 3 bedrooms, 3 bathrooms and a two car garage.  I placed the ad in a large regional newspaper, a local paper, and a popular "For Sale by Owner" website. I tried to follow all the rules and I was very surprised by the low response.  The ad was set up according to the example in the 5 Day Sale Book.  I want to try again in about three weeks and I need help with where I went wrong with this part of the process.Thank You,Bill Moorman
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